My Age of Investment

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The battle of the social kings broke out. With such a big event, Facebook naturally held a board meeting.

Sitting in the conference room, Old John asked, "What is Facebook going to do?"

Kristina had already passed by Xia Jingxing, and replied: "We will definitely try our best to defend the number one position in the Alexa social networking site category.

It is mainly divided into three tasks: accelerate the occupation and coverage of American colleges and universities; develop and launch the Facebook high school version; develop and launch the picture social function;

In addition, the research on the university market in the UK, Canada, Australia, New Zealand and Mexico is also underway, preparing for the next step of international expansion.

The occupation and coverage of American colleges and universities, in addition to continuing the previous T-shirt marketing, we also launched other peripheral products such as stationery, hats, umbrellas, etc.

Our goal is simple, to flood campuses with Facebook elements, and to make Facebook known to every American college student..."

After talking about the first main task, Kristina talked about the high school version of Facebook, the preparations for the photo social function, the expected goals, etc. in detail.

After listening, Andrew glanced at Xia Jingxing with a smile, "No wonder you are so confident, it turns out that the preparations have already been done."

"That's a must, or will I slap myself in the face three months later?"

Xia Jingxing leaned back on the chair and said with a smile.

"Still can't be careless."

After all, old man John is old, and he is the principal, and he is always very calm.

He went on to say: "Facebook is attacking the city in the university, and the dating network is not idle. They have only received 13 million US dollars of investment. They have money in their hands, and they will definitely use all kinds of publicity and exposure methods."

Xia Jingxing nodded, "$13 million is indeed not a small sum of money, it can be used for many things.

But it is not a particularly large number. Looking at our current operating expenses, we can calculate their capital consumption.

Employee salary, office rent, server rental...

It's just 13 million, not 130 million, and it's not that scary. "

He looked at the babes,

"Christina, please report the company's income and expenditure in the last two months, as well as the cash reserves in the account."

Yang Niu nodded, met the eyes of the two investors, picked up the financial statement on the table, and reported it.

"In July and August, due to the holiday of students and the excessive sales in the early stage, we sold a total of about 100,000 T-shirts, and returned almost one million US dollars of funds;

Recommended more than 67,000 new users to Amazon and received a referral fee of $2.68 million;

We paid $100,000 for the purchase of the domain name, over $600,000 for the lease of the new office and decoration, and recruited nearly 30 new employees to join the company. Several more payments were made to Chinese suppliers...

In addition, Darren and the dog need to apply for green cards, the company transfers more than 2 million US dollars out of the country in the form of dividends, and the application process has not been completed yet, and the money has not flowed back to the company's account..."

At the end of the inventory, including the more than 2 million US dollars that Xia Jingxing and Xiaogou obtained green cards, there are more than 6 million cash reserves in the Facebook account.

"I just made a general report. The specific financial report has been sent to your two mailboxes. You can check it again."

After Christina finished speaking, John nodded and smiled, "Okay, kids, the grades are very good, I hope you can continue to maintain them."

"More than 2 million US dollars of funds will be out of the country and re-entered, and there will be a certain loss in the middle, as well as the lawyer fees and application fees involved. For the time being, we can only owe the company in the name of the individual."

Speaking of the green card, Xia Jingxing said more.

Old John nodded. These things have been communicated in advance, and they are all small problems.

Andrew smiled lightly, "Although we haven't received financing, the funds in our account are not much less than that of Dating.com."

The dog nodded in agreement, "Yes, students are on vacation in July and August, and our e-commerce sales and recommending new users to Amazon have been affected to a certain extent.

Now that students have started school, and new products have been launched, revenue will rise. We estimate that the ideal state is to reach $3 million to $4 million in revenue a month. "

The old man John is still very satisfied with the company's development in general, but the dating network is closely following Facebook, which makes him always feel uneasy.

"I heard that the number of users of Dating.com in Asia has exceeded 1 million."

Xia Jingxing shrugged, "I told you last time that their development focus is likely to be dragged down by Asian users and forced to migrate to Asia."

Old John thought for a while, Xia Jingxing did say this some time ago, but he didn't expect it to become a reality little by little.

"Will internationalization drag them down too early?" asked old John.

Xia Jingxing patiently explained it to Old John again.

"Asian users, especially those in Southeast Asia, have low advertising value, which is limited by the level of economic development."

"If they are forced to focus on Asia, the huge number of users will become a burden and not generate much revenue."

"The advertising value of one North American user and European user is worth ten Southeast Asian users."

When he said this, Xia Jingxing couldn't help thinking of India's ban on China's overseas apps in his previous life.

As a result, it was killed, and the tens of millions or hundreds of millions of users were less consuming servers, and the overseas application went directly from a loss-making state to a profitable state.

Although in the long run, there is still a loss.

But it can also be seen that where the economy is poor, the value of user advertising is very low.

After some negotiation, the two investors basically had no objection.

Andrew was originally a Buddhist, so he could just ask Xia Jingxing to look at it.

Old John had more problems, but he was basically dismissed.

After meeting with the two investors on the board of directors, reaching an internal unity and unanimously facing the enemy, Facebook, a small company with all the internal organs, is running at full capacity and rampaging across the campus, setting off a new round of storms. .

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There are new products on the Facebook Amazon store, stationery, hats, umbrellas... all kinds of gadgets, everything, and it's ridiculously cheap!

New Amazon users register through the Facebook designated link to enjoy the "Facebook Amazon" gift package.

There are a bunch of cheap gadgets in the spree, which are very delicate and practical at the same time, and are used by students.

And, it's all free!

At the same time, for old Facebook users, there is also an "invite classmates to sign up for Amazon gift packages" activity.

Amazon and Facebook have developed a gadget that allows users to scan and import a friend’s personal information, including email addresses, mobile phone numbers, etc., to know whether the friend is registered with Amazon.

If you haven't registered, you can "one-click invitation". After clicking the button, the Facebook background system will help send an email to your friends "invite to register for Amazon to win a spree".

The news of these two events was known to millions of students as the Facebook homepage news scrolled.

It was still unbearable. Countless idle college students ran to tell each other, informing their classmates to gather wool together and win a Facebook spree.

Under the display of the new tool, it is clear at a glance who is a new Amazon user and who is an old user.

In order to tap the potential of Facebook, Amazon has also painstakingly provided a lot of technical support.

If there is money to be made, Xia Jingxing naturally has no reason to object.

Anyway, Facebook doesn't have the energy to be an e-commerce platform at the moment. In a few years, most of these students will become Amazon users.

The partnership between Facebook and Amazon just brings this process forward.

There are many benefits to Amazon. In the future, when these users shop on the platform for a long time, Amazon can extract a 15% product commission from the sales revenue of each store's goods, and earn back the money from the original "buying users".

For Facebook, it's just a one-time income.

If you don't earn it, in a few years, you won't be able to earn it if you want to.

As for Amazon taking so much student data, it copied a campus social networking site.

Xia Jingxing must have had a balance.

Amazon can do this, but it has very bad reputation and goodwill, and partners will not dare to play happily together in the future.

Even if Amazon does launch a campus social networking site, it may not be able to do it.

First of all, there are not enough students recommended in the past, less than 10% of the total user ratio.

And as Facebook becomes bigger and bigger, it will be even more difficult for Amazon to replicate another social networking site.

There are also genetic problems such as Ali's social networking and Penguin's e-commerce, which also exist abroad.

The so-called gene is the problem of user perception.

When it comes to Amazon, the first thing that comes to mind is the e-commerce platform; when it comes to Google, the first thing that comes to mind is the search website...

Moreover, Amazon is now engaged in an arms race with eaby, staking the world around the world, and basically has no energy to engage in social networking, nor does it look down on this small business.

For the convenience of reading next time, you can click on the "Favorites" below to record the reading record of this time (Chapter 135, rushing at full speed (for the first order)), and you can see it when you open the bookshelf next time!

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