A black doctor from a certain American comic

Chapter 269 Tornado Technology

Sequoia Capital.

Top capital dedicated to Internet venture capital.

According to statistics, more than 20% of the companies listed on Nasdaq are invested by Sequoia Capital, including Apple, which is currently the largest market value in the United States (the latest market value is 1.11 trillion US dollars), and Apple, which pioneered the game console industry. Atari, the most famous database software company Oracle, network hardware giant Cisco, Musk's PayPal, Internet legend Yahoo, technology giant Google, etc.

Known as the "King of Silicon Valley Venture Capital".

In the case of Facebook's US$190 billion acquisition of WhatsApp, Sequoia headquarters made nearly US$6000 billion in profit from a 19% stake obtained with an initial investment of US$30 million, which is a recent excellent example.

The investment portfolio of Sequoia Capital China Fund includes JD.com, Ali, Ant Financial, ByteDance, Mobike, Ele.me, Didi, iQiyi, NIO, Sina, 360, and Vipshop , Pinduoduo, Kuaishou, Guazi, Noah Fortune, ZTO Express, Zai Lab, WuXi Biologics, Zhongchi Water, Zhongman Petroleum, DJI, WM Motor, Douyu, Miyababy, Yitu Technology and more.

It is recognized by the industry: "As long as you are still starting a business, as long as you are still in the large industry of the Internet, I believe that you will encounter Sequoia trees everywhere, because Sequoia trees are always there, and they are always at the forefront."

And Burn After Reading was just emerging, and Sequoia Capital pounced on it like a shark that smelled blood.

Mo Fei pondered for a while and said: "I don't really care about financing or anything. You can handle it, but there is one thing... Burn after reading adopts the AB-share system, and the voting rights must be firmly in your hands."

The AB share model divides stocks into two series, A and B. The Series A common shares issued to external investors have 1 voting right, while the Series B common shares held by management have 10 voting rights per share. .

Burning large sums of money has become an inevitable development model for Internet startups. But every round of financing means dilution of the founding team’s equity. For the founder team, how to ensure that they still have the initiative after listing has always been a very worrying point.

Da Qiangzi, who regards "power" as his life, said frankly in an interview a few days ago, "If I can't control this company, I would rather sell it and exit completely." Since then, Penguin has increased its holdings three times in a row, becoming the largest shareholder of JD.com without affecting Da Qiangzi’s control position. This is precisely because of the special equity structure, that is, the AB share structure.

Now for Murphy, book wealth is really not much different from waste paper.

He needs to be a channel to obtain social resources as much as possible.

Let Emily create Tornado Technology, and use the power of the Hand to create Umbrella Technology. Their essence is not to make money, but to gain sufficient social influence is the main purpose.

"Tornado Technology still has nearly 4 million US dollars in funds on its books. I don't want to start a ephemeral A-round financing at this time." Emily sighed.

"This is not just a matter of funds, you also have to consider the future." Murphy held Emily's slim waist and smiled: "With the intervention of venture capital, start-up companies can be standardized and managed as soon as possible, instead of Maintain the current situation of small workshops. The scale of burning after reading is still small, so you can’t see it yet. When the scale is larger, you will know how unreliable the small workshop operations are."

The company founded by Emily, a beginner, is just a grassroots team. It is far from a real big company.

You know, even Huawei has spent a huge amount of money, specifically asking IBM to build a management system for them.

It is conceivable that if a company wants to be big and far-reaching, modernization is a must.

The two most important roles of venture capital companies are to expand the financing channels for investors and to help invested companies modernize.

"Of course I understand these principles, and I don't intend to let Burn after reading refuse capital!" Emily said: "But I am not satisfied with the valuation given by Sequoia Capital. They underestimated Burn after reading too much. .”

"How much do they plan to value Burn After Reading?" Murphy asked curiously.

"A valuation of US$1.2 million." Emily said angrily: "Destroy after reading is originally an excellent social idea, so we have maintained a stable user growth rate, and encountered the explosion of Facebook. After such a big scandal, Burn After Reading is now taking off, but Sequoia Capital is still calculating the valuation of Burn After Reading in the most conservative way. This is clearly looking down on us!"

At present, the number of registered users of Burn After Reading has exceeded 10 million, and there are seven million active users. Murphy and Emily have invested US$20 million in Burn After Reading. Sequoia Capital has invested in Burn After Reading. The valuation of Houjifen is not outrageous, but it is too conservative.

Because the dividends from the Facebook scandal are far from exhausted, the number of registered users is still growing at an explosive rate.

Even after the burn after reading became famous and the number of users became overwhelming, many users have spontaneously promoted the burn after reading, and the reputation is excellent.

According to the Matthew Effect and the principle that the strong will always be strong, Burn After Reading has gotten rid of its former rookie status and has become the most handsome guy in the social network, second only to Facebook. How can it still maintain the most conservative valuation? How to treat it?

Of course, capital pursues profit. Just listen to the great company that is always committed to helping entrepreneurs achieve everlasting success. If you believe it, you are a fool. Capital has always been greedy and ruthless. Sequoia Capital wants to use the smallest possible The price is to get the most shares, which is very normal.

"In my opinion, the current valuation of Burn-After-Read must be at least US$2 million, and it cannot be less than US$1.8 million." Emily snorted coldly: "Otherwise, I would be too lazy to start a Burn-After-Read A. round of investment. After all, the company is still in a period of brutal growth. We don’t have so many management requirements, and we don’t have the time and energy to expand globally. We can’t borrow the global resources of top venture capital firms. More importantly, we are not like ordinary people. Internet companies are so short of money in their early days.”

"Okay!" Murphy nodded and said, "As long as the company can maintain rapid growth in the future, those venture capital companies will inevitably rush in shamelessly, even if you slap him with a big ear and slap him in the face. , he will still greet you with a flattering smile."

Like Facebook, relying on its outstanding performance, Zuckerberg directly wore pajamas to meet investors, printed "i"m CEO, bitch" on his business card, directly called investors bitches, and then listed a ppt , my top ten reasons not to invest.

But what happened next?

Facebook has still become the dominant social network in the world.

You still need to be strong in blacksmithing. As long as you are good enough, everything else is just a cloud.

Emily agreed: "The most urgent task for Burn After Reading is not to raise funds, but to continue to expand the user base, continue to improve and optimize, and strive to create more perfect products."

"As expected of a top student at Columbia University, this realization is different." Murphy laughed.

"Of course!" Emily raised her head a little proudly and said, "Do you think anyone can go to an Ivy League university?"

As a joke, Emily said seriously: "In short, financing is for sure, and I will not do it all. I will consume all the funds of Tornado Technology before launching a round of investment, and will not leave enough profit margin for those venture capital investors." , but they also have to face up to the value of Facebook’s self-destruction and give a valuation that is consistent with the value of the post-read self-destruction. Sequoia Capital’s sincerity is insufficient, so it will temporarily hold them back until the post-read self-destruction consumes Facebook’s dividends. It’s over, let’s see who is anxious when the time comes.”

After talking about some serious matters, Murphy wanted to start the reward mode.

But Mo Fei then knew that Emily was indeed too busy now. Before he could start implementing the measures, someone soon knocked on the door of Emily's office, asking someone to make a technical choice.

Emily had no choice but to apologize and went to the front line of work.

Mo Fei was bored and followed Emily around the headquarters, which burned down after reading.

Nowadays, the rapid expansion of Burn After Reading is no longer something that can be accommodated in just one office before.

Emily directly rented the first floor of an office building.

When Emily was discussing with the female professional manager she had poached from Yahoo with a high salary to supervise the burning after reading, Murphy couldn't help but interject a few words.

Although he is not professionally qualified, who is it that Mo Fei has experienced the Internet explosion era in the future? He was also a personal user of the Internet at its peak. Naturally, he had some extraordinary ideas that directly solved the key points of the problem. .

First of all, the female manager was still annoyed with Murphy interrupting randomly. After all, in her perception, a couple like Murphy and Emily were obviously a combination of a strong woman and a pretty boy, depending on their knowledge, clothing, taste, etc. It’s easy to see when you wait. Who can expect a young guy to make any achievements in Internet products? It's just talking nonsense.

But soon the female manager discovered her misunderstanding, because many of the places that Murphy talked about may not be too thorough and detailed, but they pointed out the development direction of burning after reading, which provided a good foundation for burning after reading. Fen has solved many practical problems and is by no means a random interjection.

As a result, her mentality quickly changed, and she was willing to accept the random interruptions of Murphy, an outsider. As long as it was for the sake of burning after reading, she didn't mind lowering her posture.

She finally realized that no wonder her boss Emily found a man who was several years younger than her to be her boyfriend. He turned out to be talented!

He showed off his dignity in front of others and pretended to be cool. When it was time to get off work, Murphy patted his butt and left, taking away Emily who still wanted to stick to her post.

This woman seems to be a little bit crazy. She treats burning after reading as if she is working hard. She works overtime for a long time and even lives in the office. How can this be done?

As for other programmers, they continue to work overtime.

Because of the recent explosive growth of users of Yiruiyu, there are countless things that need to be dealt with. It is impossible not to work overtime. Anyway, the overtime pay is enough.

one if bynd, two if by sea restaurant.

It may be a bit strange after translation, one is on land and two are on sea restaurants, but it is one of the very famous couples restaurants in New York.

This restaurant has been voted the most romantic restaurant in New York many times. Many people mistakenly believe that the name of the store has a romantic meaning. In fact, it is a military code engraved in the Old North Church.

The restaurant is a converted transportation house of Aaron Burr, the American Revolutionary War hero and vice president, and is surrounded by flowers. Every night, a professional pianist will play live music for the guests. There is an intoxicating stove burning in the house, coupled with the flickering candlelight, only a diamond ring is needed to complete the most romantic act in life.

In recent years, the romantic index of this restaurant has declined. It is not a three-star Michelin restaurant, but the price is comparable to it.

After washing and dressing up, Emily lost her previous haggard look and became beautiful and elegant again.

The black strapless off-the-shoulder dress has puff sleeves and an elegant fishtail silhouette, which make Emily look graceful. The layered three-dimensional tailoring design is elegant. The black hair flowing in the wind is smart and gentle, the eyes are deep, the face is exquisite, and the beauty is delicious.

"There's nothing wrong with finding something to do for yourself to keep yourself busy, but don't be too crazy and spend all day in the office for food and accommodation... If this continues, I'm afraid I'll hear about your sudden death." Mo. Fei Wu said.

If it weren't for the female manager who interrupted him at that time, he wouldn't even know how hard Emily worked and only slept for 6 hours a day. No wonder when Murphy saw Emily again, he felt that she Unusually haggard.

"There is no way. How can the founder not suffer a little hardship in the early stage of the company?" Emily herself didn't care, chewing the tender steak, and said: "There are too many things that need to be done, even if you have many perfect skills The theory can be put into practice, and you will find that many things are easily deformed, so of course you have to watch carefully."

Picking up the goblet next to her and taking a sip of red wine, Emily said: "Okay, okay, how can people die suddenly so easily? It's like playing games or reading comics all night long, so focused that you forget the time. That’s all. I’m sensible! And when Burn After Reading gets on the right track in a few days, I’ll have more rest time, so don’t worry.”

"You should pay more attention to me in the future!" Mo Fei stared at Emily and said: "Burn after reading is just for your fun. I don't want Burn after reading to become bigger and stronger, but you don't." ”

"I don't want to help you!" Emily pursed her lips and tried to pretend to be calm. "I don't know since when, you have become more and more mysterious, and I always feel a sense of distance because of this." You are getting further and further away. Only when Burn After Reading becomes more and more successful will I feel more confident and feel closer to you again!"

"I'm a little afraid that one day, the two of us will become strangers because of the huge gap..."

Mo Fei was silent for a moment, rubbed his temples, and said, "Give me half a year. After half a year, I will let you know everything."

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