Reborn multinational giant

"Erlich, we come in good faith, and if it's convenient for you, you can call Richard over too, we'd love to talk to him too!"

Silicon Valley, "Innovation Works" meeting room, Sequoia Capital investors, said to Ehrlich in front of him with his legs crossed and his head hanging, "Ehrlich is a notorious jerk in Silicon Valley.

The three investors from Sequoia Capital did not want to face him alone.

Ehrlich laughed contemptuously and said.

"Remember Goetz, a few years ago when I called you to ask you to invest in kiki, what did you say? You said you'd give me $30 to go get coffee!"

In the past few years, he did say that to Ehrlich on the phone when no one wanted to buy kiki overnight, but I didn't expect this guy to be so small-minded that he could even remember such a small thing.

Had he known that kiki would later transform into a same-sex stranger social network, he definitely would have invested in kiki in the first place.

"Now you're one of the most famous angel investors and billionaires in Silicon Valley, so there's no need to hold on to the past.

Business is business, and if Reels is willing to accept Sequoia's investment in the Series B round, then Reels might have a chance to become a multi-billion dollar project.

I think you should also have heard that Fang Zhe has long predicted that the same type of Jitterbug as Reels might become a hundred billion dollar project in the future.

Goetz continued to try to convince Ehrlich.

"You've also said that even the world's richest man, Tetsuo Fong, has said that short video apps like Reels have the potential to do hundreds of billions of dollars, so what is the valuation you Sequoia are giving in this round of funding?" Ehrlich pursued.

"$4 billion!" Goetz gave the answer.

Ehrlich's eyebrows raised, a trace of joy flashed on his face, which was double the valuation of Reels 2 billion dollars half a month ago, Red Hill was worthy of being the top venture capital firm in Silicon Valley and even the world.

However, Ehrlich was still not satisfied with this offer.

"Goetz, you and Sequoia really let me down, $100 billion project, you only give a $4 billion valuation, are you sending out barkers?"

After all, this is only the Series B round of financing. If the Series B valuation is higher, how much higher should it be for the Series C and Series D?

"Ehrlich, why don't you call Richard over, and the two of you can talk it over, and maybe Richard will have a different opinion!"

"No no no! Goetz, as I've said many times, I'm in charge of the financing of Richard and their entire team and the Reels project, not just them, but any team in the entire Innovation Workshop, and I don't want to stress it twice, do you understand?"

A few years ago, Mary's little bitch bypassed her own contact with Richard, and almost sold kiki to him without his knowledge.

As a senior partner of Sequoia, one of the top investors in Silicon Valley, he has never been the one to give a face to anyone else, and no one dares to give a face to him.

"Let's go!" One of them paused at the door and turned back to Ehrlich, saying.

"Erlich, call us when you figure it out, Fang Zhe and the Huizhong-backed Shakespeare has launched a global assault, Reels future days may not be too easy, I hope Reels is in your hands, do not become nobody's rags!"

"F**k, get out!" Ehrlich cursed.

......

3:00 p.m. Reels, Inc. conference room Since Reels' expansion, Richard's team and the entire company have moved out of the Innovation Works office building and rented an entire 5-story office building next door!

Although Reels' current staff of less than a thousand is more than enough to rent a building, both Ehrlich and Richard are confident that Reels' staff will soon fill the entire building, and they have even begun to consider the possibility of constructing a brand new, imposing office building at great expense!

When Erlich stepped into the conference room, it was already full of people, mostly new executives from Reels' rapid expansion over the past year, except for Richard, but also two, Jared and Starr, the old men who had followed Richard out of Kiki.

"Ehrlich, you're late!" Richard on the throne said with discontent.

"It's not the first time!" Ehrlich responded indifferently.

All the executives had wonderful expressions and were acting like they had nothing to do with it!

"Let's do it!" Richard suppressed his dissatisfaction.

"The short video application tiktok from China has been widely promoted throughout the US and Canada as well as in many overseas countries and regions since last month, and with the help of the Ice Bucket Challenge some time ago, tiktok has gained considerable popularity in just half a month.

At present, tiktok is ranked in the top 20 app stores in the United States, Canada, Korea and other countries. According to our data department's estimation, the number of downloads and registrations in half a month is at least over 10 million!

As far as I know, tiktok is called Shakespeare in Chinese, and it's a short video project incubated by a new company founded by the world's richest man, Huizhong founder Fang Zhe, and his wife Feng Xue.

Jitterbug began to catch fire in China last summer, and only recently has its global version, tiktok, begun to spread across the globe.

As an app in the same category as ours, tiktok is our biggest competitor now and in the future.

The purpose of our meeting today is to work together as a group to figure out how we can compete with tiktok."

Richard threw out the theme of the meeting.

After Richard finished his speech, the executives present all looked at each other, they could feel a pressure from Richard's tone, a pressure from tiktok and Huizhong, the giant behind it.

The competition between Reels and tiktok is almost the same as the competition between Reels and tiktok+HuiZhong, in front of this giant Huizhong, where does Reels have the courage to challenge?

Maybe it's time, like tiktok, to embrace a thigh-level Internet company that can compete with Huizhong!

At a time when many executives were having second thoughts, an executive who had recently been recruited to the Reels executive team at a high salary, and who had little knowledge of Reels' early development, blurted out.

"I think, first of all, we can sue tiktok for plagiarism! Use lawsuits and laws first to slow down the tiktok promotion!"