Reborn 2005: The Internet Myth
Chapter 29 Meta's first financing
Wang Zheng thought for a while and made a plan in his mind.
It’s still the old rules, resource exchange.
What is taken in advance must be given in advance.
Bi Sheng, the person in charge of the Yunwang Internet Cafe Management System, has been trying his best to promote the supervision and management platform of the Yunwang System to the Internet Supervision Department.
Due to the low popularity of second-generation ID cards, most Internet cafes currently use IC cards to power on and recharge.
This resulted in the fact that a very important function in the cloud network system, witness verification, was completely unusable, and the network supervision department did not pay much attention to the supervision of Internet cafes.
Wang Zheng had previously extracted an image recognition algorithm from this function and used it for community content review.
In fact, facial recognition technology can not only be used here, but also for the country, it can also be used for security checks on trains and planes, and even for tracking and arresting fugitives.
It would be a bit of a disadvantage to directly use technology to exchange for chain Internet cafe licenses, but you can first develop two single-function software, such as a witness verification machine and a fugitive identification library, which should be enough to solve this problem.
Moreover, this thing is ready-made. The witness verification program in the cloud network system has already been converted to the Hongmeng version, and the database is also ready-made.
Just do it.
It only took more than half an hour for the verification program on the Hongmeng system to run smoothly.
As long as the computer is installed with this system, the identity verification program will automatically run when it is turned on.
Then equip the computer with an ID card reader and a high-definition camera, install the driver, and then you can compare faces and ID photos. If you import the national fugitive photo library into the database, the photo library will also be automatically compared when comparing IDs.
.
As long as the camera's clarity is good, the comparison success rate will be very high.
It is impossible for the Daxia police to be indifferent to this system, and it is even possible that because of this, the popularity of second-generation ID cards will be accelerated.
By then, the operation of Internet cafes will be more formalized, and there will be no need for each Internet cafe to issue an additional IC card.
But who is more suitable to entrust this matter to be the intermediary?
After much thought, I still had to go to Ye Zi’s father, Ye Bowen.
Wang Zheng sent the software to Fang Xing, told him the relevant matters, and asked him to visit Ye Bowen directly.
After dealing with these things, I looked through the messages sent by Ye Zi for a while, replied to them one by one, and then disconnected from the domestic network.
Monday, May 30th.
Today's financing meeting was even bigger than last week's.
Although there were four fewer competitors than last week, the people who came this time were all people with the right to speak, and even several bosses were present directly.
These people all bring their own teams, and they are ready to start full adjustments as soon as the agreement is signed.
No one would think that this investment would be a venture capital investment. Meta has already passed the entrepreneurial period and has now entered a period of rapid development.
This is also the reason why last month, Wang Zheng refused to raise funds and has been delaying it until now.
In April, Meta had not yet demonstrated its profit model and its absolute position in the social market. Financing at that time would only make Meta greatly underestimated.
A month later, the appearance is completely different now. Meta has shown its status as a king in the social field.
Users, content, growth curve, profit model, global plan, future goals are all there. The most important profit model has also been tested and is completely feasible.
Meta at this time cannot be overestimated.
Therefore, even if it is 10% of the shares, investment institutions are flocking to it.
Wang Zheng already had a certain understanding of these investment institutions before coming here. There are many familiar names among them, such as the famous Sequoia, Goldman Sachs, IDG, DFJ, Tiger Fund, Kleiner Perkins, etc., mainly
These institutions will also be more active in the country in the future and can often be seen in the news and novels.
As for the other companies, even if the information was in front of him, Wang Zheng didn't have much impression.
But it doesn’t matter, this is the first time to raise funds, and the only purpose is to get money.
Meta does not require capital to participate in management or voting. It has its own complete development plan and does not require resources provided by capital at all. Their services are not free.
In a word, whoever pays more money can enter the game.
Seeing that the time was almost up, Cheryl stood up and gave an opening speech, indicating that the meeting had officially begun.
Some organizations looked at the empty seats at the head of the conference table and asked displeasedly: "Where is Mr. Phil? How could he be late for such an important meeting?"
Cheryl spread her hands and said with a smile: "Sir, after the first round of quotations, if you can still sit here, you will meet Mr. Phil."
After saying that, he ignored the man's ugly face, clapped his hands and said, "Dear investors, I believe you already have a sufficient understanding of the value of Meta. We will select the four companies that recognize us the most among you for the second round.
negotiation."
"This is a hidden bid. Please write your quotation on paper, fold it up and put it into this box. I will announce the selected investment institution later."
The investors looked at each other and started writing.
Because a meeting has been held before, institutions that still want to invest will of course make complete preparations in advance.
So it didn't take long, and everyone quickly finished writing and put the notes into a translucent box.
Cheryl didn't show off, and opened the box directly with her assistant, looked through the sixteen pieces of paper one by one, and finally picked out four of them and put them in her hands.
Cheryl raised the note in her hand and smiled: "Gentlemen and ladies, I regret to tell you that institutions that bid less than 1.32 billion will lose their tickets for this financing. There is Meta outside the door for you.
The gift I prepared, I look forward to our next cooperation.”
"Oh my God! Our bid is 1.3 billion! That horse is in dollars, not rubles!"
The person in charge of the investment institution who had previously questioned Wang Zheng's absence scratched his hair in frustration and could only leave with his group.
The capital market is so cruel, with more wolves and less meat.
Capitalists who are not ruthless enough cannot even drink soup.
Of the remaining four, there is no doubt that even the lowest offer is US$1.32 billion.
This means that in the eyes of capital, the current Meta value has exceeded 10 billion yuan.
Cheryl asked the remaining four to sit down on one side of the conference table again, namely DFJ, Goldman Sachs, Sequoia Capital and an investment company called NEA.
DFJ's more famous operation was investing in Baidu, which resulted in a 50-fold return.
Needless to say, Goldman Sachs is an investment bank, but its Goldman Sachs Investment Department is also famous in the investment field.
Sequoia Capital is also a long-established investment fund. It has invested in Apple, Google, Cisco, and Ruihu, and has a brilliant record.
As for the last company, Enyi Capital, it mainly invested in the medical field before, but for some reason it suddenly turned its attention to the Internet field.
And it is the highest bidder, so the one who stands out is bound to win.
At this time, Wang Zheng pushed the door open and entered.
Sitting across from the four capital companies, Wang Zheng smiled and said: "Thank you for your recognition of Meta. Our time is precious, let Ms. Cheryl announce the price."
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