Global monopoly of technology

After the meeting, Feng Yi and others left one after another. All of them were full of enthusiasm. It is difficult to work in a promising startup company without enthusiasm.

Irene stayed and reported to him the current financial situation of the company.

“The company’s pre-A round of financing of 77 million so far only has less than 7 million left. Even if it saves some money, it can only last for a month at most. The company has accumulated 90 million users now, right? Can you consider profiting from small advertisements? If you can create income, you may not need capital financing."

Luo Sheng didn't even think about it and shook his head to veto: "When will the number of users exceed QQ or the cumulative order of 300 million, if it does not meet either of these two standards, Blue Space will not accept any advertisers."

It is worth mentioning that Luo Sheng has never worried about the liquidity of Blue Space. VC investors also know this. It is the accurate advertising push brought by real-name social networking, which is not comparable to QQ.

However, it is impossible for Luo Sheng to choose to harvest traffic to realize profit at this time. When will profit be the most critical issue.

In fact, the purpose is also very simple. Luo Sheng hopes that users will become obsessed with the blue space and develop user habits after advertising, so as not to cause a large number of users to lose. After all, for users, what is playing small ads? Very bad experience.

Although Blue Space has now become the industry leader, it has not formed an oligarchic position that is difficult to be shaken. It is short-sighted to be eager to realize it now.

Luo Sheng smiled and said: "Don't worry, I will solve the problem of money. It will definitely not let you, the chief financial officer, lose the account. Make a detailed audit financial form as soon as possible."

Irene nodded: "Well, give me about three days."

In the following days, as the end of the fall approached, after the blue space website launched the privacy slider function, it immediately began to open to the public, making the blue space not only limited to college students or high school students, but all Internet users.

As the company's capital pool bottomed out, the work related to Series A financing should be on the agenda, and Luo Sheng directly called Xu Chenghua in person.

"Brother Luo, let me guess, lack of money?"

Xu Chenghua, who is at the headquarters of Tengxun, said with a smile. He is standing in front of his office window sill and is now communicating with Luo Sheng.

"All right, then it's a week from now?"

"can."

"OK, I will come to Shanghai in a week."

The two parties talked for less than a minute and ended the communication. Xu Chenghua gave a clear reply that Tengxun will not be absent from the A round of financing, but will not lead the investment anymore because there is no cash flow.

Xu Chenghua did not hide this from him.

The development momentum of Bluestar Technology is there, and with Luo Sheng as the founder, major investors have increasingly recognized him. After all, the performance is there.

Luo Sheng contacted the other three VCs who invested in the company during the pre-A round one by one, and all responded without exception to participate in the A round of financing.

The news that Bluestar Technology is about to raise funds has spread in the industry. The original four major investors Tengxun, Softbank Capital, Venture Capital Fund and IDG Technology Investment Fund are not absent.

In addition, it also attracted six other investors. One of them is Goldman Sachs, an investment institution that has been thriving on Wall Street and even around the world.

Among the four major investors of Bluestar Technology, venture capital funds and IDG are all VC capital from the United States, and Softbank is also foreign. Including Tengxun, in fact, Tengxun itself has overseas capital investment.

The investors introduced are basically overseas capital, mainly Wall Street.

No way, Luo Sheng looked for more than 30 in the initial stage of entrepreneurship, and none of them were willing to invest in him.

Even though there are still not a few domestic investors, they actually want to invest, but they have missed the early stage and financial resources are no longer allowed. Teng Xun is the best example, shy and powerless.

In fact, for Luo Sheng, it is also necessary to introduce Wall Street capital, which is also beneficial to the company's future globalization. The blue space entering the European and American markets is Luo Sheng's biggest goal.

As a social networking site, it’s okay for Blue Space to enter the European and American markets. Once it becomes famous, it will inevitably be suppressed by Europeans and Americans, but it will be much easier with Wall Street Capital in it.

In other people’s homes, you must pull some local "ground snakes", otherwise you will not be able to play, Wall Street is undoubtedly one of the strongest "ground snakes".

...

The location for the A round of financing was not in the company, but in a five-star hotel called "Baiyue".

Financing negotiations rarely take place on weekends. At about 9:30 in the morning, Luo Sheng took Qin Weimu and his legal team to the Baiyue Hotel. At the same time, representatives from major venture capital companies also came as scheduled. Arrived at the meeting place.

There are a total of ten limelight institutions that came this time.

Several people from Luo Sheng came to the hotel, and under the guidance of the hotel staff, they went to the meeting room for consultation. As soon as they came in, they met Xu Chenghua, an old acquaintance.

After a few minutes of chatting, IDG, Goldman Sachs, Softbank Capital and other investment representatives also came.

At around 9:37, the door of the conference room was closed, and the round A financing negotiation officially began.

Luo Sheng and the heads of several major venture capital institutions sat on an oval table in the conference room, and the people they brought took the second place. Qin Weimu and others sat behind Luo Sheng.

Li Yan, a senior executive of SoftBank Capital in China, took the lead to speak: "I still remember Mr. Luo's bold words during the pre-A round of financing. The number of blue space users has increased, 300 million within two years, to be honest. At that time, I didn’t believe it at all. I think it was the same for Mr. Xu, Mr. Liu and Mr. Chen who were also present."

Liu Wen, Xu Chenghua and Chen Tao didn't say anything, and their expressions were very relaxed, which was equivalent to acquiescence, which surprised the three new investors.

Li Yan continued with a smile: "But from now on, the number of users of Blue Space has exceeded 90 million today, and it will soon exceed 100 million. The monthly growth of users has reached 15+ million, and the development speed is increasing. No one in the industry can match."

This is the fundamental reason why Luo Sheng made a call and the investors agreed without hesitation and immediately came to send the money.

Luo Sheng calmly said: "The blue space is advancing in the direction that the Internet wants to go. We need to know what users really want. If all people want is a huge echo chamber, or an imaginary world, someone Will satisfy their wishes and become winners, and those who do not provide will become losers."

Luo Sheng added: "The key is that Blue Space is not a service, not a simple website, it should be a basic platform, and the future scale will be as large as the Internet itself, trust me."

Meng Qiu, the head of Goldman Sachs Capital, looked sideways, while representatives of the other two major domestic investors looked at each other in astonishment, as huge as the Internet itself?

This tone is really...

On the contrary, Xu Chenghua and the others were not surprised at this, and all showed a noncommittal attitude.

There is no way, I have learned the tone of this young man during the pre-A round of financing, it is crazy and boundless.

However, the actual growth data of the Bluespace website is in front of them, but Li Yan and the others are very comfortable getting slapped in the face. They don't mind such slaps, the more the better.

"Let me just mention that the storytelling set is exempted. I know you are the best at this set. You have already learned about it. Nothing is more convincing than growth data. Mr. Luo, you can just say this. How much money do you need to raise?" Li Yanqi said calmly, simply speaking quickly.

"Uh……"

Several other newly-entered investment managers in the Mainland were hesitant to speak, because they were about to ask Luo Sheng about Bluestar's blueprint plan for the future development of Bluestar Technology, and found that it was not just Liu Wen, Tengxun, Softbank Capital The persons in charge of these IDG companies are all in the same posture that I will pay as much as you say.

Not even Mengqiu, who represents Goldman Sachs, said nothing.

Can't we consider the feelings of our group of small investment institutions?

...

(Ps: In the new week, ask for recommended votes and favorites. Should you VC bigwigs also follow the vote?)