This means that when you have more money, you will have more confidence.
When it comes to investment, you don't have to be cautious and look forward and backward so much, you have money anyway.
This is Milner's current state.
To be honest, most of his previous fund investors were wealthy locals from Russia, but these people did not have a lot of money. His capital amount was only about 2 to 3 billion U.S. dollars, so doing many businesses required
Be careful with your budget.
After all, these electronic network industries in the United States have too many bubbles and too many valuations. If you are not careful, you will suffer heavy losses.
Therefore, under normal circumstances, Milner prefers to invest in companies with a valuation of 1 billion to 5 billion US dollars. Such companies have passed the initial stage and are about to make efforts. At this time, the investment profit will easily reach the maximum.
change.
Therefore, even if he had invested in ae wave OK before, he did not dare to invest too much money, but went to Xiao Qilai to invest.
What he didn't expect was that he just had the courage to go to Xiao Qi to invest, but Xiao Qi unexpectedly believed in him and knew everything about him. In the end, he gave him a full investment of 5 billion US dollars and established a separate company.
set up a fund for him to invest.
That's not all. Xiao Qi made a promise to Milner. If he thinks there is a good project, he can directly ask Xiao Qi for more funds. It doesn't matter how much.
Milner now felt that he had transformed. After seeing many projects that he had not dared to discuss before, he now had the confidence to directly discuss investments and shares.
In the investment agreement signed by Xiao Qi and Milner, 30% of the net profit belongs to Milner, which further stimulates his motivation.
So after the ae wave was ok, Milner directly approached the titter.
It is also a kind of fate. In the past two years, Milner made the two best investments, which were 200 million U.S. dollars in AE wave OK and 600 million U.S. dollars in Titter. Both of them received very generous returns.
It also completely laid the foundation for him to become the first-class angel investor in Silicon Valley.
Titter’s Chinese name is Twitter. In fact, Weibo is a replica of Titter. Basically, its operating model is the same as Titter’s.
It's just that the Chinese government banned the operation of Titter, so Weibo has a place.
In this life, Huangfucai did better. As early as the beginning of Titter's business, she used a large amount of money to buy out the exclusive rights to operate in China for the next ten years.
At that time, Titter had just started, and I felt that using a less important market in exchange for a large amount of funds was extremely cost-effective, so I readily agreed.
Looking back now, Titter itself only has 100 million active users worldwide. However, Weibo has 600 million users in China, and its active users have reached 300 million, which has far surpassed Titter.
The same is true for valuation. Weibo has been valued at US$5 billion, but Titter is only valued at US$2 billion, and at this price, basically no investors can be found during this economic recession.
Zuckerberg would take advantage of the situation. After receiving Milner's investment of 4 billion US dollars, he proposed to acquire Titter in full for 1 billion US dollars, but Titter, just like the previous acquisitions of aebook, rejected Zuckerberg again.
Koberg.
Evan Williams is the founder of Titter and the patent owner of the blog and Weibo model.
Most of the royalties paid by Huangfucai fell into his pocket.
Because he holds the most powerful patent resources, in the three years since Titter was launched, other founders have gradually retreated behind the scenes, leaving Williams alone.
Titter's current situation is very bad.
As in the previous life, the biggest problem with .titter and Weibo is that they cannot find a profit model.
Weibo in this generation is better. Through its alliance with the four major portals, Weibo has become an extension of the four major portals, a tool to increase user stickiness, so the four major portals are willing to pay.
Go and run it. Within three to five years, there will be no financial problems.
Titter is different. They have had several rounds of financing so far, but the amount is not large. If Williams had not often used his own funds to subsidize, I am afraid that Titter would have been in a state of operational disruption.
It is also sad to say that most of the funds Williams provided were royalties paid by Weibo.
The current global economic situation is not very good, but Titter continues to develop and requires a large amount of funds to support operations, so Titter has long had plans to raise funds again.
Zuckerberg knew this, so he wanted to take advantage of the situation, but Williams was unwilling to succumb to him and became a subsidiary of aebook. Therefore, this largest acquisition plan was shelved.
At this time, Milner approached the titter, which cheered Williams up.
With Milner's own publicity, he spent 4 billion US dollars to invest in AE Wave OK, which has already caused a sensation in the Internet and electronics industries across the United States, and has also made Milner a wealthy and mysterious investor.
When such a person came to his door, Williams naturally welcomed him.
Milner is a very cultured person. He holds a PhD in physics and has a very high IQ. Coupled with his high emotional intelligence, he is naturally a genius in investing.
I laughed and talked with Williams all afternoon, and by the time we had dinner together in the evening, the two seemed to have become old friends for many years.
"Evan, I already know the general situation of Titter." While drinking coffee after dinner, Milner smiled and said his decision, "Now Titter's valuation is 2 billion U.S. dollars, and I want to give it to you.
Invest 600 million US dollars and hold 30% of the shares, what do you think?"
Williams was overjoyed when he heard this.
The valuation of 2 billion US dollars is based on 2008 data. After more than half a year of financial crisis, although Titter has developed a bit more than before, it is no longer worth so much, otherwise Zuckerberg would not want to use 10
100 million U.S. dollars to fully acquire Titter.
Unexpectedly, Milner was very generous right from the start. Not only did he confirm a valuation of US$2 billion, but he also directly invested US$600 million in it. If he could get this investment, it would definitely be of great benefit to Titter!
"Yuri, I don't know what you need to obtain...I said besides the shares, it is for the daily operations of the company..." Williams asked thoughtfully.
"I told Mark that I only want the shares of AEBO OK and I will give up all other management rights. If you think it's okay, Evan, I will make the same promise to Titter." Milner smiled without thinking.
Follow the path.
"good!"
Williams' face showed irrepressible joy.
That's what he wants!
Need funds but no constraints, this is what all entrepreneurs like!
"I'll go back and discuss it with them and give you an answer as soon as possible." Williams said excitedly, "Don't worry, Yuri, they will definitely welcome you!"
"I also look forward to working with you to achieve success." Milner nodded, "After reaching an agreement, I will transfer the funds to Titter's account the next day. I hope you can develop well and make Titter better than
Weibo is even better!”
"That's right!" Williams was a little embarrassed. "Our platform is bigger than theirs. If we lag too far behind, it would be a slap in my face. But don't worry, we have completed the original accumulation now, and we will definitely do it in the future."
It’s getting better and better.”
"I don't doubt this, otherwise I wouldn't have invested heavily in it," Milner said with a smile.
After discussing the business, Williams hurriedly went home to discuss with his partners. However, Milner did not rush home and instead called Zuckerberg.
"Mark, that's what happened." Milner said what happened just now, "If you think that my investment infringes on the interests of aebook, then I will consider withdrawing from investing again. If you have no objection,
Then I will continue with this investment process.”
Zuckerberg was stunned as he listened.
After a long while, he said, "Yuri, what does your investment have to do with me?"
"Because you wanted to acquire Titter before. Although it was unsuccessful, I don't know if you have a second plan. If our friendship is hurt because of this acquisition, I don't want to see it, so I have to ask
You." Milner said seriously.
"Haha." Zuckerberg laughed, "Yuri, you are so interesting! I have temporarily given up on the acquisition of Titter, because we have more important self-development to do. And your estimate of 2 billion US dollars
I can't accept whether it's worth investing in, so you can invest according to your ideas without asking me."
"Okay, thank you, I will continue to follow up." Milner nodded.
"Milner, you are such an honest person!" Zuckerberg couldn't help but sigh again before hanging up the phone.
Zuckerberg is a very suspicious and domineering person. He trusts almost no one at work and has very few friends.
But now he feels that this Russian is really interesting. He will actually consider his own ideas and call to inquire about normal investments that have nothing to do with him. This kind of respect is not as simple as words.
At this moment, Zuckerberg's impression of Milner improved again and he initially recognized his friend. (To be continued...)