Global monopoly of technology

Sioux City, CEO office of Bluestar Technology Headquarters.

"Mr. Chairman (Mr. Chairman)."

Johnny entered Luo Sheng's office. He just came back from North America yesterday. He came to work early this morning. Not long after sitting down, the nominee director representing Goldman Sachs Capital's interests in Bluestar Technology came to him for the first time.

I just came in and asked with a solemn voice and very dissatisfied: "Why didn't you even say hello to the board of directors in your copyright cooperation with the five major record companies? The total value is 192.2 million US dollars, just to get the numbers of the five major record companies. Music licensing, but also to sell 60% of the revenue to the record company? I think you should have a reasonable explanation to all investment shareholders."

Johnny was not humbled because Luo Sheng was the founder, chairman and CEO of the company. From the perspective of the "Company Law", the chairman and directors have no distinction between superiors and subordinates, and the board of directors has one person, one vote. Johnny is the spokesperson for the interests of Goldman Sachs Capital in Bluestar Technology. Although he is a director of the company, his primary responsibility is not to be responsible to the company, but to his shareholder Goldman Sachs Capital.

So he doesn't need to give Luo Sheng too much face.

But Luo Sheng did the same, saying faintly: "Mr. Johnny, I really suggest you sincerely, if there is nothing else, it is better to go out and experience the civilization of this land for five thousand years. As for the company I know exactly what I’m doing, and I don’t need you to remind me."

Johnny was furious, but he endured it and said, "Mr. Chairman, don't forget that you are using investor funds, but what have you done? You spent nearly 60% of the B round of financing in one go. Capital, investors don’t interfere with the company’s operations, but you can’t do that either. This financing capital should have been used to expand BlueSpace’s user growth and operations.”

Luo Sheng turned his back on the boss chair, and put his legs on the office desk. He glanced at Johnny and said: "Goldman Sachs Capital led the round B financing and raised a lot of money. It is understandable to ask. Is it over? OK, I see, wait for the audit report, you can go out."

"you……"

Johnny was very annoyed when he saw Luo Sheng's attitude, and he didn't know what to say to him. After a while, he said angrily: "I have never seen such an arrogant person!!"

With such a sentence, Johnny left this office with anger and helplessness. Otherwise, what else can be done? There is no way to use him at all. There is a clear agreement when financing, and investors must not interfere with the company's operational decisions. .

It can be said that when investors can be tough in Luo Sheng, they are talking about financing.

Luo Sheng is not afraid of Johnny going back to make a small report with Goldman Sachs headquarters. No matter how "spending money", it will not change the company's strong business potential. The development of cloud song search is also remarkable. BlueSpace has already Hundreds of millions of users, in other words Luo Sheng can now make the company have the ability to monetize traffic at any time.

Anyway, VC can't interfere with what he wants to do. If Goldman Sachs is really dissatisfied with the big deal, it will withdraw its capital and cash out the equity transfer, but only if someone can take over or cash out after the company's IPO.

In their eyes, Luo Sheng is indeed the founder of the "prodigal", and his path is particularly wild, but he can create miracles.

Frankly speaking, if Goldman Sachs Capital wants to transfer the equity in its hands, Softbank Capital will definitely take it all. However, Luo Sheng firmly believes that Goldman Sachs Capital will never do this. The reason why these large investment institutions can stand in the world, they vote It is not a certain start-up company, but the entire industry chain. As long as the industry is considered promising, then stick to investment.

Many people talked about the investment vision of SoftBank Capital and Sun Zhengyi, especially in China now. Many media are lamenting their outstanding strategic vision, because the development momentum of Alibaba invested by SoftBank Capital is also very fierce and has been established for almost a year. Dibao.com is currently competing with eBay, and some have the upper hand. Although the market share is not as good as eBay, the growth rate has put eBay under great pressure.

Softbank Capital has invested in Bluestar Technology and is the company’s fourth largest shareholder. Needless to say, Bluestar Technology is the latest establishment among the four domestic “BALT” giants, but the valuation has already left the other three giants behind. Now, the momentum of development is extremely fierce, which is unmatched in China. At the same time, it takes into account overseas strategic locations and is doing global business.

So many people tout Sun Zhengyi's investment strategic vision, but what most people don't know is that SoftBank Capital has also invested in dozens of large and small start-up companies while investing in Ari and Bluestar Technology.

Obviously, when such a large investment institution determines the prospects of an industry, it will unswervingly invest and invest in the law of large numbers, cast a net widely, and catch one is to earn.

Bluestar Technology is an accident, because the development is too fast, the prospects of other start-ups are still unclear, even Ari now, no one dares to vote and say that this start-up will succeed.

However, Bluestar Technology is sure to succeed now. No one doubts that its Matthew effect has begun in the real-name social field. The domestic market share has exceeded 70%. The overseas development momentum is also extremely rapid. MySpace, a North American competitor, has a little trick. Unable to stand up, because he missed the air outlet, Luo Sheng was bold and decisive to land in the overseas market. In the early stage, he invested tens of millions in the North American market, and now it is only a lot more.

MySpace also did not come up with how disruptive innovation, Luo Sheng has already paid attention to this potential competitor for a long time, so the international version of BlueSpace is now far ahead.

Not long after Johnny left, Luo Sheng put his legs down from the table, took a sip of tea to refresh himself, and was ready to go to work.

After opening the computer to log in to the email, he saw an unchecked email. Luo Sheng glanced at the email from George Charles, the president of the North American branch. Due to the time difference between the two places, there is always one side in the middle of the night. Important emergencies generally do not communicate on the phone, but in the form of emails.

George’s email was sent to the headquarters about the launch of the overseas version of the new project [MusicSpace]. The content of the email showed that the North American operations department discussed together and finally agreed to let other products of the company drain traffic. Mainly the drainage of the international version of BlueSpace website.With the strong user base of the company's other products, MusicSpace has a strong advantage as soon as it goes online.

This has to talk about the current development status of Bluestar Technology, and it is also the biggest reliance on Luo Sheng to take Johnny's temper.

Entering April, the company’s social networking site [BlueSpace]’s global user registrations exceeded 200 million, including 65.2 million overseas users, and 30 million users in North America for the first time.

The Reddit website is also a big fire. Although it has been criticized since its launch, it is interesting that the more scolding it gets hotter, many people in the industry feel that this website is pill, and the results are surprising.

Through the Alexa query, we found that Reddit's traffic has been increasing. Since its launch, North American users have gained 18 million users, and global users have exceeded 30 million. The growth momentum has even surpassed BlueSpace.

But having said that, the quality of Reddit users is still to be discussed. After all, there is no limit to registration. You can register as much as you want. The gold content of Reddit depends mainly on its traffic data.

But this does not deny the success of Reddit. Although it is still being sprayed into dogs, it is indeed on fire in North America, and it is very likely to catch fire in the future.

Bluestar Technology launched [MusicSpace] this year, a brand-new product that has attracted much attention from the market.

Luo Sheng thought for a while, and then returned an email to George Charles,

Considering that the overseas version of [MusicSpace] will compete with Apple’s iTunes, and iTunes has been in development for more than three years, and has not yet made a smartphone, but the iTunes music store has the advantage of the iPod, which is an electronic product. The starting [MusicSpace] does need a little help, after all, opponents should not be underestimated.

So agreed!

But only for this, Luo Sheng still solemnly stated in the email that [BlueSpace] is prohibited from accepting third-party advertising services. To some extent, this is Luo Sheng's current cash cow and the biggest source of money for investors.

Although the company’s other products have impressive operations and developed well, they are not as good as [BlueSpace]. Other products, such as cloud song search, are not the leader in the field of search engines, while [BlueSpace] It is the king of real-name social networking. There is nothing stronger in the world than it, and it continues to keep a gap with its competitors. The value is of course completely different.

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