Unparalleled True Technology

Some self-confident entrepreneurs will stick to a bottom line in the financing process, that is, to hold the highest decision-making power.

The so-called highest decision-making power means that no matter whether the shares I occupy are the highest among all shareholders, no matter whether the opinions of other shareholders disagree with me, no matter whether the board of directors wants to put forward a decision different from mine.

I have the right to decide the development direction of the company.

Just as Ukraine proposed at the United Nations meeting to cancel Russia's one-vote veto, but Russia used one-vote veto to directly veto this proposal. Entrepreneurs with the highest decision-making power can be said to be able to achieve dictatorship in their companies.

However, the highest decision-making power is not absolute.

How talented is Jobs in another world? After the establishment of Apple, he also made such a request during the financing process, but at a certain stage, wasn’t it because of Apple’s poor operating conditions that other shareholders united to drive him out of Apple?

Mark Zuckerberg is in such a situation now that he has the highest decision-making power. However, if other shareholders unite and veto his decision-making on the grounds of Facebook’s poor management, he has no way to continue to exercise the highest decision-making power.

Capitalists have never been good people. How could they allow their investment money to be completely controlled by others?

All rights and interests are relative. The key point is whether the decision made by Mark Zuckerberg on Facebook can be recognized by all shareholders, or most shareholders agree, which can make Facebook move in a better direction.

"I know his method is good, and I know his method can make us more money."

The person in charge of Red Dot Capital said helplessly: "But, I can't wait a few years, I want to make money now."

This sentence made other shareholders of Redpoint Capital speechless. In their investment cases in recent years, except for Facebook, other investments have not been able to create considerable returns for them.

For a venture capital firm, if it invests with clients’ money, its annual financial statements will not look good, and it will not be able to provide clients with substantial returns. How can clients support them?

Even if Red Dot Ventures believes that Facebook will be worth more when it goes public in a few years, their clients don't necessarily think so.

"and,

Even if Facebook is listed now, its market value may not be as good as it will be after a few years. But won't the market value be fixed after being listed? "

The person in charge of Red Dot Capital said: "Wen Ming increased capital by 5 billion US dollars, we can't get a penny, and through the IPO, we can cash out at least half of our Facebook shares. This is our income, which can make We deliver to our customers."

"Facebook is still developing. If the market value can be higher in a few years, the other half of Facebook stock in our hands can create enough income for us. So, why do we want Wen Ming to invest in Facebook? "

After saying this, the person in charge of Redpoint Capital left his company's conference room. Redpoint's internal resolution on Facebook's capital increase has already appeared, so he can go directly to Facebook's headquarters to hold a board meeting.

At the same time, among the shareholders of Facebook who are connected to Morgan Stanley, they have also arrived in Silicon Valley and went to Facebook's headquarters to attend the shareholder meeting.

As Mark Zuckerberg said before, their interests are actually aligned, and they have invested in Facebook for many years. After all, Facebook was created in 2004, and it's 2010 now.

In six years, although they didn't invest in Facebook from the beginning, they couldn't wait to see the benefits.

Wen Ming also arrived at the Facebook headquarters. Although he has not succeeded in increasing the capital, he already holds 2.1% of Facebook shares in his hands, so he is fully qualified to participate in this Facebook shareholder meeting.

The reason why it is called a general meeting of shareholders rather than a meeting of the board of directors is because Facebook has not yet been listed, so there is no board of directors.

"Mr. Wen Ming, I'm sorry for the impoliteness of my subordinates before."

After arriving at the Facebook headquarters, the person in charge of Red Dot Ventures met Wen Ming, and greeted Wen Ming with enthusiasm.

Wen Ming is a real rich man, among other things, now he came to Facebook headquarters with 5 billion US dollars in cash, which is something that other shareholders of Facebook cannot do. Including, among the shareholders of Facebook, Microsoft, the richest, cannot withdraw 5 billion US dollars in cash in such a short period of time.

And for such rich people, how could a venture capital firm like Red Dot ignore it? The reason why the representatives sent before ignored Wen Ming like that was just to make a bad face while expressing their views.

Wen Ming looked at the person in charge of the venture capital who was singing white face and blushing, and said with a smile: "I'm sorry, I don't know you, so, who are your subordinates? Why are you apologizing?"

This sentence made the scene instantly quiet.

Facebook's shareholder meeting was held at Facebook's headquarters, and the shareholders who arrived first were waiting in a reception room furnished with various food and drinks. Wen Ming sat on a sofa next to the reception room, next to him was Mark Zuckerberg, and there were several Facebook shareholders or shareholder representatives around him.

When the person in charge of Red Dot Ventures entered the venue, someone had already greeted him, and when he walked up to Wen Ming, someone introduced his identity to Wen Ming, and the introducer was Ma Keza. Kerberg.

Therefore, the person in charge of Redpoint Ventures did not introduce himself, but directly began to "apologize".

Mark Zuckerberg noticed that the person in charge of Redpoint Ventures had turned ugly, so he hurriedly introduced again, this time the introduction was very loud, and several other shareholders next to him could clearly hear it.

"This is the person in charge of Redpoint Ventures, he..."

Wen Ming waved his hand, interrupted Mark Zuckerberg's introduction of the other party's name, and asked, his voice was also very loud.

"Redpoint Ventures? Is it a venture capital firm?"

Wen Ming looked at the director of Red Dot Venture Capital with an ugly face, and said indifferently: "Why haven't I heard of this company before? Is it a venture capital firm in Wall Street and Silicon Valley?"

The Facebook shareholders next to them already know what happened to Wen Ming and Mark Zuckerberg yesterday. Red Dot Ventures wanted to make a statement yesterday, so they naturally couldn't hide the news.

Therefore, there are smiles in their eyes now. Although they are on the same front as Red Dot Venture Capital, it does not mean that they are friends.

If Facebook can go public for an IPO, then all of them are shareholders of Facebook, and they all have Facebook shares. Whoever cashes out how much will be able to compete with each other.

The person in charge of Redpoint Ventures is about to explode. It stands to reason that a person like him should be able to control his temper and face. But on the one hand, he never expected Wen Ming to be so narrow-minded; on the other hand, this revenge method of ignoring him in front of other shareholders, even preventing Mark Zuckerberg from introducing his name, is not at all the way of life in the upper class .

Resisting the urge to punch Wen Ming in the face, the person in charge of Red Dot Ventures took a deep breath and introduced himself directly.

"Mr. Wen Ming, Redpoint Capital is a venture capital fund established in Silicon Valley in 1999, and the current headquarters is in Silicon Valley."

After the person in charge of Redpoint Ventures introduced the background of Redpoint Ventures, he said seriously: "I am the current person in charge of Redpoint Ventures, you can call me..."

Wen Ming suddenly let out a long cry, and said with a face of sudden realization: "I remembered, did you still want to participate in Apple's A round of financing before? Let me just say, I always feel that Red Dot Venture Capital The name is somewhat familiar."

"It's just that when my Apple company screened the A round of financing targets, it directly eliminated the venture capital companies with funds below 10 billion U.S. dollars."

After interrupting the other party's introduction of his name again, Wen Ming's expression became playful. He is indeed narrow-minded, so he doesn't care about tearing his face.

"I'm sorry, if I knew that you were also a shareholder of Facebook, I think we could have talked at that time."

The same is sorry, but the person who is sorry has a completely different reaction.

The person in charge of Redpoint Ventures is already furious. He just wants to introduce his name. Is it so difficult? )!!