Chapter 142 Xiao Zha’s desire for control

'Drink the strongest wine and ride the wildest horse: conquer the wild horse and make her surrender under the crotch of the elder brother.'

'With superb skills and strong waist strength, the wild horse who yearns for freedom succumbs to the strength of his big brother.'

'Distribute rewards: keen insight.'

Compared to the lipstick marks left on my neck, the reward from two hours of practice tastes really good.

'Kick insight: Have stronger observation and keen insight, see through the surface to get the truth.'

This reward is a bit like 'facial literacy,' observing the target through micro-expressions, body language and subtle changes in emotion.

Li Zhenyu can see through a person's true feelings and thoughts, 'Is this an alternative version of mind reading?'

Claire didn't know that he was distracted again, so she circled around him to make sure there were no flaws.

The three of them walked towards the stairs at her urging. There were separate rooms on both sides of the long corridor.

Under the soft carpet, the wooden boards made a creaking sound.

To put it simply, ten shareholders holding 1% of Class A shares together have the same number of votes as one shareholder holding 1% of Class B shares.

How is it possible to issue a release?

In his opinion, no one should raise such doubts in front of him.

"Zhao, welcome." He raised his hand to say hello, and Xiao Zha asked them to sit wherever they wanted.

"Hi, Claire." Putting down the controller, Xiao Zha looked at Li Zhenyu and said, "Is this your BOSS?"

I thought entrepreneurs who could change the future would be very different from ordinary people.

Moreover, this is just the base price, the real price will definitely be higher than 240 million.

"Lee Jin-woo comes from the most powerful family in South Korea, and he himself is a business genius."

This agreement completely guarantees Zach's absolute control, even if his personal shareholding ratio drops to 1%, only the voting rights held by the agent.

The faster it develops, the faster it burns money.

But the voting rights of Class B shares are amplified 10 times on this basis, and the vote per share is calculated as 10 votes.

Xiao Zha is just feeding an unfamiliar white wolf. He really wants to tell him about INS's idea and get B-class shares to become Facebook's major shareholder.

"Mark." In a room covered with red carpet, the two of them saw Zuckerberg who was playing Super Mario.

“Class B shares are only issued to the founder team, or outstanding contributors involved in the company’s operations.”

Zhao is just a puppet he pushed to the stage.

It turns out that Xiao Zha is also a big player.

That is my private place, my...

Claire smiled bitterly in her heart. As the introducer, this was not her fault.

Maybe one day he would turn around and Xiao Zha would stab him in the back with knives.

"No, it's just you... and a few others."

Round C is now.

The emergence of Class B shares was originally intended to ensure his absolute control over the company.

Before listing, all investment institutions and individuals must sign this agreement with Facebook before entering the market.

Facebook’s valuation is rising at such a rate that it’s humbling to say it’s riding a rocket.

"There are only Class A shares, but no Class B shares?"

The core content is the agreement to authorize Zucker to vote on behalf of the shares held by shareholders on 'certain' specific occasions that require shareholder votes.

The amount of investment is similar to that of Microsoft, but the equity ratio is very different.

Li Zhenyu had already made his decision before seeing Zach's expression.

Li Zhenyu laughed loudly and brought the topic to hunting.

Within Facebook, he still has strong influence and decision-making power.

This young man is too stingy and domineering.

Class B shares?

In early 2008, European Founders Fund invested US$15 million.

It can be said that it was tailor-made for him from the beginning.

Besides, since there is an A/B distinction, why can’t others even ask?

Zach told him in a tactful way, 'No way.'

As for the so-called A-class shares, Facebook’s unique dual-class share structure has to be mentioned here.

His origins, Quanzhou Lee's influence in South Korea, his personal career and actions on Wall Street.

The A round was in 2005, and this time Facebook received 12.7 million.

The voting rights of Class A shares remain unchanged and you still enjoy the rights you deserve.

In November, Li Bancheng invested US$60 million, accounting for 0.4% of the equity.

"Outstanding contribution, I thought only the founding team can get it."

Facebook is growing too fast, and the rate of money burning is directly proportional to its growth.

In October 2007, Microsoft invested US$240 million, accounting for 1.6% of the equity, and Facebook was valued at more than US$15 billion.

Now……

Less than 8 months later, Li Bancheng came out in the middle.

Li Zhenyu chose a 'palm' style chair and sat down, "Zach, how much money do you plan to ask for in this financing, and how many shares can you offer?"

However, the dual-class share structure amplifies this right infinitely.

"Everyone present today is invited?"

She just wants to say, 'Everyone is equal before money.'

Li Zhenyu didn't want to be an old general on the stage, and fell to the ground babbling.

All the sofas on site have been replaced with more fashionable chairs and sofas.

This made Zach feel unhappy, and the look he looked at Claire also conveyed this dissatisfaction.

Li Zhenyu smiled thoughtfully, as if he really had the idea of ​​B-class shares.

He said nothing about what he just said, as if he had never even thought about Class B shares.

Facebook’s angel round took place in 2004. Peter Thiel and Reid Hoffman angel invested US$500,000, accounting for 10% of the equity.

Now that he had asked, Zach went straight to the point and told him the conditions.

It’s better to keep the INS and Instagram ideas to yourself.

No one is more noble than anyone else, and no one is more hypocritical. Everyone is trying their best to play their role in order to get more of the pie.

The equity issued during the financing period is divided into two types: A/B, which have the same rights, but differ in the voting ratio.

Just like Li Zhenyu will get information about the attendees, Xiao Zha also does his homework.

Normally, each share held by a shareholder counts as one vote, and each share held by a shareholder counts as many votes.

This time, he will take out 1.2% of Class A shares with a base price of US$240 million.

Mingling sounds came from the doors on both sides, making Li Zhenyu's smile become even more wild.

This heavy gasping made Li Zhenyu almost excited.

In April 2006, Facebook received 27.5 million in Series B, valuing it at over US$550 million.

At this time, Li Zhenyu's thinking eyes were full of concentration, and he also noticed something was wrong with Xiao Zha.

No one dares to say that this money will last until Facebook goes public...

This also includes the fact that he himself is the majority shareholder behind Universal Investment.

In March, Li Bancheng invested an additional US$60 million, raising his shareholding ratio to 0.7%.

Claire's impression of him also dropped a bit.

"Sorry, something interesting suddenly occurred to me... Zach, do you like hunting?"

Whether there will be a D round before the IPO is still unknown.

In addition, in order to ensure absolute control of the company, co-founder Sean Parker came up with the idea of ​​adding a voting agency agreement to the dual-class share structure.

If Claire's news is correct, after the financing ends tomorrow, C's turn will be terminated.

He was secretly fascinated by the idea of ​​what kind of chemical reaction would be produced if INS and Twitter were combined.

Share text and photos, and add the innovation of short video...

Can Facebook’s era of dominance still come?

…

PS: Thank you Biluoshu Chunqiu Book Friends for the reward, thank you!
Chapter completed!