After the meeting, Feng Yi and others left successively, all of them were full of enthusiasm. Working in a startup company full of potential in the future, it is difficult to think of no motivation.
Erin stayed and reported to him about the company's current financial situation.
"The company's 77 million pre-A round of financing so far has less than 7 million. Even if it saves a little money, it can only last for a month. The company has now accumulated 90 million users, is it right? Can you consider making small ads profitable? If you can generate income, you may not need capital financing. "
Luo Sheng did not want to directly shake his head when he heard it: "When will the number of users exceed the QQ or the cumulative amount of 300 million, let's say that if they do not meet any of these two standards, Blue Space will not accept any advertisers."
It is worth mentioning that Luo Sheng has never been worried about the realizing ability of the blue space, and VC investors also know this, that is, precise advertising push brought by real-name social, which is not comparable to QQ.
However, it is impossible for Luo Sheng to choose to harvest the flow to realize profit at this time. When is profit the most critical issue.
In fact, the purpose is also very simple. Luo Sheng just wants to get users to be obsessed with blue space and develop user habits. After that, he will place advertisements, so as not to cause a large number of users to lose. After all, for users, what is a small advertisement? Very bad experience.
Although the blue space has now become the industry leader, it has not formed an oligarch position that is difficult to be shaken. It is short-sighted to rush to cash now.
Luo Sheng laughed: "Don't worry, I will solve the problem of money. I will definitely not let you, the chief financial officer, run out of accounts and make a detailed audit financial form as soon as possible."
Erin nodded. "Well, give me about three days."
The following day, as the end of autumn approached, Blue Space launched the privacy slider function on the website, and immediately opened to the public, making Blue Space not only limited to college students or high school students, but all Internet users.
As the company's funding pool bottomed out, the related work of A round of financing should be put on the agenda, Luo Sheng directly called Xu Chenghua in person.
"Brother Luo, let me guess, are you short of money?"
Xu Chenghua, who was at Tengxun's headquarters, said with a smile that he was standing in front of his office window sill and was communicating with Luo Sheng at the moment.
"Okay, then in a week?"
"can."
"OK, I will visit Shencheng in a week."
The two sides ended the communication after less than a minute of chatting. Xu Chenghua gave a clear reply. This round of financing A Tengxun will not be absent, but will not lead the investment again because there is no cash flow.
This point Xu Chenghua did not hide from him.
Bluestar Technology's development momentum is there, plus Luo Sheng as the founder, major investors have increasingly recognized him, after all, performance is there.
Luo Sheng contacted the other three major VCs who invested in the company during the pre-A round, and all of them responded without exception to participating in the A round of financing.
The news of Bluestar Technology's financing again spread in the industry. None of the four major investors, Tencent, SoftBank Capital, Venture Capital Fund and IDG Technology Investment Fund, were absent.
In addition, it has also attracted six other investors, one of which is the investment institution Goldman Sachs, which is like a thunderbolt on Wall Street and globally.
Among the four major investors of Bluestar Technology, venture capital funds and IDG are both VC capital from the United States, and SoftBank is also foreign, including Tencent, in fact, Tencent itself also has overseas capital investment.
The introduced investors are basically overseas capital, mainly Wall Street.
No way, Luo Sheng found more than thirty in the early stages of entrepreneurship, none of them were willing to invest in him.
Even now there are still few domestic investors,
They actually wanted to invest, but they missed the early stage, and financial resources were no longer allowed. Teng Xun is the best example. They are shy and weak.
In fact, for Luo Sheng, the introduction of Wall Street capital is also necessary, which is also beneficial to the company's future globalization. It is Luo Sheng's biggest goal to enter the European and American markets in the blue space.
Blue Space is a social networking site. It 's okay to enter the European and American markets to make a name for itself. Once the name comes out, it will inevitably be suppressed by Europeans and Americans, but with Wall Street Capital in it, it will be much easier.
On the ground of other people's homes, you must pull some local "earhead snakes", otherwise you can't play at all. Wall Street is undoubtedly one of the strongest "earhead snakes".
...
The place for the A round of financing was not in the company, but in a five-star hotel called Baiyue.
Financing consultations rarely take place on the weekend. At about 9:30 a.m. on the same day, Luo Sheng took Qin Weimu and his legal team to the Baiyue Hotel. At the same time, the representatives of the major venture capital companies also came as promised. Arrived at the meeting place.
A total of ten popular institutions came this time.
Several people from Luo Sheng came to the hotel, and led by the hotel staff to the conference room for consultation. As soon as they came in, they met the old acquaintance Xu Chenghua.
After a few minutes of chatting, the heads of investment representatives such as IDG, Goldman Sachs, and SoftBank Capital also came.
At around 9:37, the door of the meeting room was closed, and the round A financing consultation officially started.
Luo Sheng and the heads of several major venture capital agencies sat on an oval table in the conference room, and the people they brought in were second, Qin Weimu and others sat behind Luo Sheng.
Li Yan, a senior executive of SoftBank Capital in China, took the lead to say, "I still remember the arrogance of Mr. Luo when the pre-A round of financing was launched. The number of users in the blue space has increased, and within 300 million in two years, to be honest. At the time, I didn't believe it at all. I think President Xu, President Liu and President Chen who were also present at the time were also the same. "
Liu Wen, Xu Chenghua and Chen Tao didn't say anything. They looked very relaxed, which is the default, which surprised the three new investors.
Li Yan continued with a smile and said, "However, from now on, the number of users in Blue Space has exceeded 90 million today, and it will soon exceed 100 million. The monthly growth of users has reached 15 million + million, and the development speed is at No one in the industry can match it. "
This is the fundamental reason why Luo Sheng made a phone call and the investors did not hesitate to promise and immediately came to send money.
Luo Sheng calmly said: "Blue space is moving in the direction that the Internet wants to go. We must know what users really want. If people want only a huge echo room, or an unreal world, someone Will satisfy their wishes and become a winner, UU reading www.uukanshu.com As for those who have not provided, they will become losers. "
Luo Sheng added: "The key is that Blue Space is not a service, not a simple website. It should be a basic platform. The scale of the future will be as huge as the Internet itself, believe me."
The head of Goldman Sachs Capital, Meng Qiu, looked sideways, while the representatives of the other two major domestic investors looked at each other in astonishment, as big as the Internet itself?
This tone is really ...
It was Xu Chenghua who was a few of them. It was not strange to see this, and they all took an unwilling attitude.
No way, when I was in the pre-A round of financing, I learned the tone of this young man, and it was crazy.
But the real growth data of the Blue Space website is now in front of them, but Li Yan and their several faces are very comfortable, they do not mind this kind of face, the more the better.
"I'll mention one thing. I don't need to tell a story. I know you're the best at it. You have already been taught about it. There is nothing more convincing than increasing the number of figures. You simply say this directly. How much money will be raised secondarily. "Li Yanqi said calmly, almost happily.
"Uh..."
Several other newly-introduced mainland investment leaders were overwhelmed because they were just asking Luo Sheng's blueprint for the future development of Bluestar Technology, and found that it was not just Liu Wen, Teng Xun and SoftBank Capital. The leaders of IDG are also in a position to give as much money as you say.
Even Meng Qiu, who represents Goldman Sachs, didn't speak.
Can't we consider the feelings of our group of small investment institutions?