sbdcsierra Chapter 138 Lu Yi Wants To Cash Out And Run Away?
Chapter 138 Lu Yi Wants To Cash Out And Run Away?
Naturally, Morgan and Paulson are no strangers to the reddit website.
After the reddit website was launched, they arranged dedicated personnel to focus on it.
And used the model to deduce the future development of reddit, and concluded that the development potential of the reddit website is definitely not weaker than that of face
At this point, they also have to admire the innovative capabilities of future technology.
Obviously reddit website and face are two extremes, but it turns out that future technology can be played very smoothly.
Hearing Lu Yi say that if reddit's users exceed 50 million, they will receive advertising profits, which makes them breathe quickly.
They have no doubt about the profitability of reddit website.
few...….…
The profitability of the reddit website is much more realistic than what Lu Yi just said about making 1 billion a year by grabbing parking spaces.
But in this way, the valuation of future technology will indeed increase.
This is a good thing, but it's also not good.
Because the valuation of future technology is pushing up, they will get much less equity for the same amount of money.
so.
In order to obtain more benefits, we must find ways to lower the valuation of future technologies to a level that is acceptable to ourselves.
Damon Morgan thought for a while and said: "The reddit website is indeed developing very fast, and it even reached 50 million users in just a few days. But a week after the re097ddit website went online, the reputation of the website suddenly took a turn for the worse. It has been criticized by a lot of mainstream media, attracted a lot of bad comments in a short period of time, and been abused by users, you should not be able to deny this."
Lu Yi really couldn't refute this.
The core of reddit is decentralization.
Reddit highly recognizes and empowers the managers of each sub-community.
This ultimately creates a sense of honor and cohesion in the sub-community.
corresponding.
The price Reddit has to accept is that the company has extremely limited control over the community and cannot make strong intervention.
This results in people saying things on reddit that they would never say in public.
so.
The situation on reddit is very chaotic.
Say anything, dare to say anything, without the slightest scruples.
at this point.
Whether it is the past life or this life, it is the same.
The mechanism of the reddit website allows users to easily disguise themselves and fully display the bad side of human nature.
This is why.
When the reddit website first went online, it received a lot of attention from the industry.
But as the shortcomings of the reddit website were exposed, the media began to criticize it.
There have even been many voices calling on the FBI or other departments to visit the reddit website, or to force the reddit website to shut down.
The "internet sewer" temperament of the reddit website has gradually begun to be revealed.
Lu Yi countered: "Mr. Morgan, because of the mechanism of the reddit website, users can freely express any speech on the website, so it has attracted a lot of criticism."
"But according to the Alexa website traffic ranking, we can see that although the reddit website is amidst a lot of abuse and bad comments, its activity and traffic have not only not declined, but are constantly rising. It seems that the more criticism it gets, the more popular it becomes. In this regard, you can It should be impossible to deny it, right?”
"this………"
Damon Morgan is at a loss for words.
He couldn't deny it at all.
Because the situation was just as Lu Yi said, the reddit website completely exceeded everyone's expectations.
Amidst the endless abuse and criticism, the website's activity and traffic did not drop at all. Instead, it increased violently, which shocked everyone's jaws.
This is so counterintuitive!
If this were replaced by another website, it would probably be completely out of date amid the endless abuse and criticism.
How can it be like the reddit website, which is uncharacteristically popular, and the more it is criticized, the more traffic and activity it gets.
Lu Yi smiled and added: "Look, the reddit website is not only not cool, but it is becoming more and more popular. The number of users and traffic are increasing every day. This is an unparalleled temptation for advertisers."
Damon Morgan and the others were said to have lost their temper by Lu Yi.
"Okay, we agreed to the pre-financing valuation of 4.5 billion."
Paulson and the others communicated with each other and finally agreed to the valuation proposed by Lu Yi.
In the past, they knew from the people under them that it was difficult to take advantage of Lu Yi, but now it is indeed difficult to fight Lu Yi personally.
But they also understand that what gives Lu Yi confidence is future technology.
If the development momentum of technology in the future is not good, Lu Yi will never bargain like this in front of them.
Lu Yi smiled and said: "Believe me [you will never suffer]."
Buffett said: "So, Lu, how much money do you plan to raise this time and how much equity do you intend to sell?"
Lu Yi said: "This time I am going to sell 20% of the equity!"
Boom~
Hearing this, Buffett and the others shrank their eyes.
20% equity!
Lu Yi is very generous this time!
Although in this way, they have to spend 1 billion meters of gold, this is not a problem, they can definitely eat it.
Immediately.
The heads of the institutions present began to calculate in their minds how much equity they would be better off taking this time.
If your family has more money, you will naturally want to eat more.
If you don't have enough money, you can only sigh in excitement at the cakes and eat some scraps.
But even if they take 0.1% of the equity, they can make a lot of money when the future technology is listed.
But just when they were about to discuss how to divide the pie, Lu Yi added: "Everyone, of the 20% equity, 10% will be given away in the form of financing, and the other 10% will be obtained from the shares I hold. transferred out of the equity."
As soon as these words came out, the scene fell silent.
Transferring equity and financing are two concepts.
When the overall equity remains unchanged, the original shareholders transfer their shares to others, allowing others to obtain shareholder rights. This does not involve an increase in the company's capital, but only changes in the company's shareholders.
The money obtained from the transfer of equity does not belong to the company, but to the individual.
They couldn't figure it out at all, why did Lu Yi sell 20% of his shares in different ways?
Could it be that Lu Yi wants to cash out and leave?
But this situation usually occurs when a company encounters a major crisis in its operations and is at risk of bankruptcy. For the sake of profit, the founder will transfer his equity, so as to realize the goal of cashing out.
It’s just that this is not the case at all with future technology, okay?
Future technology is now booming, and valuations are changing every day.
If you have a little more equity in your hands, you can make a lot more money.
At this time, it is definitely the most ridiculous behavior for a founder to cash out and run away.
Lu Yi seemed to know what these people were thinking, and said with a smile: "Don't you think there is a big problem within Future Technology, and I am going to cash out and run away, right?"
No one spoke a word, but their gazes spoke for themselves.
Waiting for your explanation!
Although it doesn’t look like there’s going to be a problem with future technology, who knows?
Moreover, future technology cannot be filled with internal oil.
Although they are investors, they have no real power at all.
Even if there is an internal problem with Future Technology and Lu Yi keeps it secret, they have no way of knowing.
If Lu Yi cannot give them a reasonable explanation, then they will have to think carefully about this financing.
after all.
The money they took out this time was quite a lot, and they didn't want it to go down the drain without knowing why. .