Chapter 1204 Facebook Finalized!

When Mark Zuckerberg discovered that all the domain names related to Facebook had been registered by Li Mu long ago, his heart, self-confidence, and even his three views collapsed at this moment.

Before this moment, in Mark Zuckerberg's eyes, Li Mu was a beacon, a godfather, and a mentor, but after this moment, in his eyes, Li Mu was a god, a true god.

And Mark Zuckerberg, like the Monkey King in the palm of Buddha's hand, can't escape from the shroud of the gods at all.

It is impossible for Mark Zuckerberg to know in a dream that Li Mu, as a rebirth, has long known his future development path, and set up a card to intercept him in advance. So the shock to Li Mu was indescribable.

It took Mark Zuckerberg a long time to adjust from the shock. He was deeply impressed by Li Mu's admiration and asked him, "Mr. Li, did you have the same product plan as me?"

Li Mu nodded unceremoniously and said with a smile: "I have had the idea of ​​Facebook for a long time, but I haven't had the time and energy to do it. After all, it is not a very urgent project for me to start at the moment. Unexpectedly, the two of us could think of going together, since you also have this idea, then I can confidently hand over this project to you."

It was originally an original project of Mark Zuckerberg. In Li Mu's mouth, that meant his original project, and then he authorized this project to Mark Zuckerberg to do it.

Mark Zuckerberg didn't feel anything unusual. On the contrary, he was very moved by Li Mu's generosity.

Because, for Mark Zuckerberg, his only advantage is the idea of ​​the product, but Li Mu made him mistakenly think that his only advantage is worthless in front of Li Mu. Li Mu is rich and has With a team, resources, and Facebook's product idea, Li Mu could develop it himself in this case, and there was no need to hand this project over to a young man like himself.

However, Li Mu also gave this project to Mark Zuckerberg when he could do it by himself, which made Mark Zuckerberg have a feeling of dying for his confidant. He just wanted to I will try my best to make the Facebook project well, to repay Li Mu for his generosity.

So Mark Zuckerberg said very solemnly: "Mr. Li, if you really hand me this project, I will do my best to make it the best!"

Li Mu nodded: "OK, you will be solely responsible for this Facebook project from now on!"

After all,

Li Mu threw out his offer and said, "I will still invest 5 million US dollars according to the valuation I gave you before, accounting for 49% of Facebook's shares. However, I have another requirement, that is, I will use my external funds to pay for it. With 10% of the shares, my external foundation will invest $1.02 million according to the valuation, and the remaining 41% of the shares will be owned by you personally.”

Mark Zuckerberg was dumbfounded and looked at Li Mu dumbfounded: "Mr. Li, this is your project, your money, and your domain name. How can I get such a high stake..."

At this time, Mark Zuckerberg, all his pride and self-confidence has basically surrendered to Li Mu. He no longer regards himself as an entrepreneur with creative investment, so 41% of the shares are owned by him. It's a little scary to be tall.

Li Mu estimated that if he proposed to reduce Mark Zuckerberg's shares to less than 30% at this time, he would agree without hesitation.

But Li Mu didn't do that.

He is not trying to exploit the shares from Mark Zuckerberg, he just hopes that he can have enough control over the future Facebook, so as to ensure that Facebook will become his next super product in the future.

At first, Mark Zuckerberg was afraid to accept the 41% shares given by Li Mu, but because Li Mu was determined not to reduce his share, Mark Zuckerberg gratefully agreed to Li Mu's offer.

Subsequently, Li Mu began to have more in-depth discussions with Mark Zuckerberg.

In addition to the distribution of shares, Li Mu, as an investor, has many other needs, including how to ensure that Mark Zuckerberg is tied to the project and how to ensure Mark Zuckerberg's actual interests.

First of all, as the project leader, Mark Zuckerberg must promise not to voluntarily leave the Facebook project within five years, and his 41% shares will be paid in installments over five or sixty months.

That is to say, Mark Zuckerberg can get 0.68% of the shares for every month he stays in the Facebook project. If he wants to leave after ten months, then the actual shares he gets are only 6.8%;

Secondly, if Mark Zuckerberg wants to leave Facebook before the expiration of the five-year period, the shares he actually obtained cannot be freely exercised. Li Mu himself and the fund established by Li Mu's three companies have the right of first refusal, and the purchase price is based on Valuation calculations for the most recent financing;

For example, if Mark Zuckerberg wants to leave after only ten months, and the company does not raise a new round of financing in these ten months, he actually gets 6.8% of the shares, then this 6.8% It will be cashed to him according to the initial valuation of 10.2 million US dollars, Mark Zuckerberg can actually only get nearly 700,000 US dollars, and all other shares will be recovered by the company;

Third, Mark Zuckerberg can get all 41% of the shares after the expiration of the five-year period. If there is financing dilution, his 41% will also be diluted year-on-year;

Finally, if Mark Zuckerberg wants to leave Facebook after all the shares are acquired, and Facebook has not yet been listed at that time, then his shares will still be acquired by Li Mu and Li Mu’s fund first, and the price will still be based on the latest financing estimate. value to calculate;

If Facebook had been listed at that time, then the shares held by Mark Zuckerberg could freely exercise rights in the market, but as a shareholder, he was responsible for the overall development of the company, so his shares could not be reduced and cashed out all at once. In order not to have an impact on the company's stock price, his reduction will also be carried out in five years, and he can reduce his holdings by 20% every year. Of course, he can also choose to continue to hold instead of reducing his holdings.

The set of rules for obtaining, cashing out and reducing shares that Li Mu set for Mark Zuckerberg basically conforms to the gameplay of the entire capital market, and for most capitalists, Li Mu's plan is very fair and merciful , to ensure that Mark Zuckerberg can get all the shares as long as he stays in Muye Technology for five years, and that he can get the return he deserves when he leaves at any time.

Investors who can do this are very rare. In the seemingly sophisticated Internet industry, there are no less scams than other industries. Even in this industry, integrity and character are trampled more thoroughly.

In the history of the Internet, countless successful bigwigs have the "stain" of being worthy of their partners. When starting a business together, everyone is a good brother. Once the business is successful, everyone will meet immediately. Seeing money, human nature is immediately exposed to the fullest.

Some people go back on their word, some people slaughter the donkey, some betray their trust, and some even stab the inside and the back. Dirty things are just commonplace in the Internet industry. In almost every successful project, there are core members of the team. Interests are sacrificed, exploited, and mistreated.

It is very common in the Internet capital circle that one will succeed, and whether it is Steve Jobs or Mark Zuckerberg, there will inevitably be such taints in their development history. Li Mu can be regarded as the Internet industry relatively. The gentleman in the house, all those who cooperate with him, as long as they do things according to the requirements, they will definitely get the rewards they deserve.

Mark Zuckerberg almost immediately agreed to a series of requests from Li Mu.

For him, it is a good thing that such a project can get such a share and such a treatment, so he has no opinion on Li Mu's offer.

Li Mu then immediately asked Li Ziwei to contact Ding Zhenglin, his capital expert, and asked him to set up an investment fund in China as soon as possible. In the future, we will invest in the Internet industry, and the first investment project is Facebook.

At the same time, Li Mu asked Lin Qingya to arrange a special person to register the American Facebook company with Mark Zuckerberg. As long as the company registration is successful, Li Mu will immediately inject capital into the company.

After Li Mu had arranged everything neatly and neatly, Mark Zuckerberg asked Li Mu, "Mr. Li, do you think it is necessary for me to suspend school immediately?"

Li Mu shook his head and said, "Don't suspend your studies in a hurry, don't forget your positioning for Facebook's development. You must start from colleges in the early stage. If you have already left colleges, then you will lose your best promotion status, so I suggest that you continue to stay at Harvard and do the first phase of Facebook. After the first phase is completed, if the time is right, you can apply for a leave of absence and devote yourself to the Internet industry.”

Mark Zuckerberg immediately agreed: "I listen to you!"

Li Mu waved his hand and said, "Once the project starts, all the plans, rhythms, and budgets are up to you to decide. After you have ordered, you just need to give me a plan and let me know your plan. It's not a last resort. I will make any interference with your plan; in addition, if you need additional investment and you don’t have enough cash to inject capital, you can lead the company to raise financing. At that time, you will treat me as an investor, write Business-, write Take care of your valuation and financing goals, and then I will arrange for professional personnel to do financing due diligence, which is completely in accordance with the formal financing process.”

Facebook is an extremely large project, and $6.02 million cannot push the project too far, so it is bound to conduct round after round of financing, while diluting equity to obtain cash, while improving performance and increasing market value.

Since it is necessary to raise funds, whether it is Li Mu’s own investment or external capital investment, shareholders must dilute their equity, but if Li Mu himself invests, his own equity can be avoided from being diluted. On the contrary, it can also be through Mark Zuckerberg. Reasonable dilution of equity and increase the share of equity actually controlled by oneself, why not do it?

Moreover, on the road of enterprise capital development, the sooner the car starts, the greater the benefit. 19