You call this entrepreneurship?

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 many competitors on the Internet, such as MySpace."

"Everyone should realize that the main goal at this stage is that Facebook is still in the stage of rapid expansion. Making money is not our primary goal. We must invest enough resources into the strategic goal of making the website bigger and stronger."

“We must not only work hard on quantity, but also strive to be the best in terms of quality.”

"Our goals are twofold. 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 usage, the website interaction logic should be clear and crisp to avoid junk products."

“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.”

"We want advertisers to see that we are more cost-effective, instead of 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.

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.

“Optimize intelligent advertising recommendations and minimize advertising harassment to users.”

"We want to make big money in the future, not small money right now."

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.

"Now there is something very important to talk about."

Fred was a little surprised, but he quickly replied: "They left it to me. They only sent a representative on Facebook."

The general meeting talks about small things, but the small meeting must talk about big things.

Qin Shaoyan is very satisfied with everyone's performance, which shows that Facebook is still under his control.

Qin Shaoyan looked at Fred, "Does George and Gabe's voting rights belong to them or to you?"

After the Facebook executives left the conference room, Qin Shaoyan called Zhang Pingyi and Fred in front of him and looked at them seriously.

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 08.

Fred nodded without hesitation and said: "I agree with John, we must put user experience first."

The atmosphere in the conference room suddenly became heated, and the next second there was warm applause.

Things are going great for Facebook, and the future of money is bright.

Zhang Mingyi immediately became energetic, swept away his lazy expression, and looked at Qin Shaoyan seriously.

Qin Shaoyan looked at the executives in the conference room with a smile and said confidently: "Everyone should take a long-term view. Facebook will soon become a world-class social giant, and its valuation will exceed 500 yuan by then." One hundred million U.S. dollars."

"The company will be listed in three to five years. At that time, everyone here will have the opportunity to get shares, and the opportunity to become a billionaire is right in front of you!"

The major shareholders and CEO both spoke out, and other senior executives had no choice but to echo their sentiments.

Therefore, Qin Shaoyan must find a way to prevent venture capital and Facebook people from talking about him, or to gain more benefits before being kicked out.

Whether it’s improving your life or making investments, you should be able to do a lot.

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.

Qin Shaoyan nodded with satisfaction, "Very good, the voting rights must not be handed over."

Fred also showed a look of approval, but he quickly reacted, "John, are you wary of those venture capital investors?"

"It's essential to be on guard against others." Qin Shaoyan sighed, "There must be many cases in the United States where founders were 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 you are no longer the majority shareholder after this dilution, we still have an advantage together."

Qin Shaoyan disagreed in his heart 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 will sort out the equity structure to ensure that Fred can always have a say in the company." Qin Shaoyan said seriously, "For subsequent financings, we will introduce different venture capital investors and have them sign agreements to give up 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 investors to hand over their 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 stage. 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.

"Perhaps 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."

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 doing well 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 pay attention to Facebook."

Fred said sincerely: "John, with your ability you should come to the United States to develop. 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, after this financing, you can cash out part of the money."

Zhang Minyi 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 okay if you don't cash out. At least you have to express an attitude. If you are not short of money, you will use less money. "

"I'm going to pull it out 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, "It's the feeling of not paying attention to shares, but being very greedy for money."

"As long as the money is large, the shares can be sold with such momentum?" Zhang Pingyi understood quickly.

"Yes." Qin Shaoyan nodded, "This is the feeling I want."

"While our talk 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 discuss terms with them."

……

Representatives from Sequoia, Microsoft and Goldman Sachs arrived at Facebook's new headquarters after lunch and greeted Qin Shaoyan enthusiastically.

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."

"The comfortable environment is conducive to relaxation and suitable for our brainstorming. Everyone should relax and treat this meeting as a chat between friends."

Taylor also picked up the coffee and teased: "John, what surprise did you bring us this time?"

"There's no such thing as a surprise." Qin Shaoyan said slowly, "I have been thinking about a very wonderful idea."

"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?"

"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 demonstrate their leadership.”

Everyone was stunned and looked at Qin Shaoyan in disbelief.

Taylor's eyes started to light up and he immediately sat up straight, "Please elaborate."

"I want to plan a reality TV show called International Summer Camp." Qin Shaoyan said while thinking, "We can invite some college students from other countries and American elites to participate in this show."

"Let outstanding students compete together and let the audience see the outstanding side of American students."

(End of this chapter)