Chapter 194 New Program
“Now Facebook is developing very fast, and registered users have been growing continuously.” Qin Shaoyan said with a smile, “But we also have to see that we also have a lot of competition on the Internet. Competitors, such as myspace. ”
“Everyone should realize that Facebook is still in the stage of rapid expansion. Making money is not our primary purpose. We must invest enough resources in the development of the website. Among the strategic goals of becoming bigger and stronger."
"We must not only strive for quantity, but also strive for the best in quality."
"Our goals are two points. , one is to focus on user experience, and the other is to increase user stickiness.”
"Especially the first point, if the user experience of the website is sufficient, user stickiness can easily increase."
"To prevent the server from running extremely slow and affecting user use, the website interaction logic should be clear and lively to avoid problems. Rubbish product."
"Invest more in intelligent advertising algorithms so that ads can more accurately target consumer groups, instead of bombarding users with an overwhelming number of ads."
"Let's make advertising more precise. Advertisers see that we are more cost-effective, rather than wasting resources and annoying users.”
“If too many ads affect the user experience, then we would rather cut off the ads.”
Qin Shaoyan's words caused a commotion, and the executives below started talking in low voices.
Fred nodded without hesitation and said: "I agree with John, we must put user experience first."
"Do a good job in optimizing intelligent advertising recommendations and try your best to Reduce the harassment of users by advertising.”
The major shareholders and CEO have spoken, and other executives have no choice but to echo.
Qin Shaoyan is very satisfied with everyone's performance, which shows that Facebook is still under his control.
However, this good time will not last long. After the new round of financing, his shareholding ratio will be reduced and his voice will also be reduced.
So Qin Shaoyan has to find a way to prevent venture capital and Facebook people from talking about him, or to get more benefits before being kicked out.
The last time Sequoia proposed to cash out part of its shares was a good opportunity. Qin Shaoyan had to seize the time and try to get more money before 2008.
Whether it is improving your life or making investments, you should be able to do a lot of things.
Qin Shaoyan looked at the executives in the conference room with a smile and said confidently: "Everyone must take a long-term view. Facebook will soon become a world-class social giant. At that time, its The valuation will exceed US$50 billion.”
"We want to make big money in the future, not the small money in front of us."
"The company will be listed in three to five years. By then, everyone here will have the opportunity to get stocks and become a billionaire. The opportunity is right in front of you!”
The atmosphere in the conference room suddenly became heated, and the next second there was warm applause.
The situation on Facebook is great, and the future of money is bright.
Qin Shaoyan opened the Facebook website on the spot, put forward some small improvement suggestions, and then discussed it with everyone before ending the meeting.
The meeting was a successful meeting. It clarified the development direction of Facebook, painted a bright future, united Facebook's leadership, and unified understanding and thinking.
After the Facebook executives left the conference room, Qin Shaoyan called Zhang Pingyi and Fred in front of him and looked at them seriously.
"Now there is something very important to talk about."
Zhang Minyi immediately became energetic, swept away his lazy look, and looked at Qin Shaoyan seriously.
The general meeting talks about small things, but the small meeting must talk about big things.
Qin Shaoyan looked at Fred, "Does George and Gabe's voting rights belong to them or to you?"
Fred was a little surprised, but he quickly replied: "They leave it to me. Yes, there is only one representative on Facebook."
Qin Shaoyan nodded with satisfaction, "Very good, the voting rights must not be handed over."
Fred also showed up. There was a look of approval, but he quickly reacted, "John, are you wary of those venture capital investors?"
"It is essential to be wary of others." Qin Shaoyan sighed with emotion, "There are many people in the United States as well. There are fewer cases of founders being kicked out by investors.”
Fred nodded, his face also filled with sadness.
But Fred quickly comforted him: "John, you still have 51% of the voting rights. Although after this dilution, you are no longer the major shareholder, but the few of us together He still has the advantage."
Qin Shaoyan disagreed and scoffed at this statement.
Even if there are only two people, capital can divide and disintegrate in ten thousand ways.
"Taking advantage of this financing, we need to sort out the equity structure to ensure that Fred can always have a say in the company." Qin Shaoyan said seriously, "Following financing will need to introduce different venture capital, so that Fred can have a say in the company." They signed an agreement to give up their voting rights. "Facebook is different from Campus Network. Qin Shaoyan is both the major shareholder and CEO of Campus Network. Without him, the website cannot function, and he can forcefully require venture capital to hand over voting rights."
The CEO of Facebook is Fred. As a major shareholder, Qin Shaoyan did not participate in management. He only played a role in the early stages. Fred was in charge of the management afterwards.
Sequoia, Microsoft and Goldman Sachs did not give up voting rights in the first round and may even seek more voting rights in subsequent financings.
We have to guard against this.
"Maybe after two rounds of financing, I will hand over the voting rights to you." Qin Shaoyan patted Fred on the shoulder, "From now on, Facebook will rely on you."
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Fred was shocked, "John, are you just giving up on Facebook? It still needs your help. You have played a very important role in its growth. You can't just let it go."
"Don't be sad." Qin Shaoyan said with a relaxed expression, "This will happen sooner or later. Facebook is also very good under your management. If you really need help, just call me and tell me." "
"My work center is in China, and I don't have the time to follow Facebook."
Fred said sincerely: "John, given your ability, you should come. With the development of the United States, the stage here is more suitable for you."
Qin Shaoyan smiled and said nothing.
This Fred still has the naivety of a technician.
Qin Shaoyan turned to look at Zhang Pingyi, "Zhang Tianshi, you can cash out part of the money after this financing."
Zhang Pingyi was very surprised, "Do you want to cash out now?"
"If possible, I don't want you to cash out now. At least you have to wait for another round." Qin Shaoyan sighed, "But it's not possible without cashing out. At least you have to express an attitude. If you are not short of money, you can Less trapping. ”
“I want to trap it a little bit too.”
Zhang Minyi quickly figured it out, "Am I going to show that I have no nostalgia for the shares?"
"No, it's better to be more entangled." Qin Shaoyan began to give performance guidance, "That's it. That feeling of not paying much attention to the shares, but being very greedy for money."
"As long as the money is given, the shares can be sold," Zhang Pingyi understood quickly.
“Yes.” Qin Shaoyan nodded, “This is the feeling we want.”
“While our conversation on Facebook is still useful, we have to hurry up and get more benefits. .”
Qin Shaoyan turned to look at Fred, "Please help me contact those venture capital investors. It's time to talk to them about the conditions."
......
Representatives of Sequoia, Microsoft and Goldman Sachs After lunch, we arrived at Facebook's new headquarters and chatted enthusiastically with Qin Shaoyan.
After greeting each other and exchanging gifts, everyone sat on the sofa in the living room.
Qin Shaoyan picked up the coffee and said with a smile: "We won't go to the conference room today, just have a casual chat here."
"A comfortable environment helps relax and is also suitable for our brainstorming. Let's all relax and treat this meeting as a chat between friends."
Taylor also picked up the coffee and joked: " John, what surprise did you bring us this time?"
"No surprise," Qin Shaoyan said slowly, "I have been thinking about a very wonderful idea."
< br>"Facebook was developed on college campuses. In addition to socializing, what else can we do for college students?"
Taylor showed an interested expression, "For example?"
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"For example, how can we more perfectly help the future elites of the United States complete their social practice." Qin Shaoyan said with a serious face, "How can we enable these future political elites to take a solid first step in their career?" How can they show their leadership?"
Everyone was stunned and looked at Qin Shaoyan in disbelief.
Taylor's eyes began to shine and he immediately sat up straight, "Please elaborate."
"I want to plan a reality TV show, and the show is called International Summer Camp." Qin Shaoyan While thinking, he said, "We can invite some college students from other countries to participate in this program with American elites."
"Let outstanding students compete and compare together, so that the audience can see the outstanding achievements of American students." One side.”
(End of this chapter)