Lin Fan's flirtatious glances were all shown to the blind man, and Wang Wei never answered the question.

This made Lin Fan a little irritable. After a little analysis, he guessed that the other party might have misunderstood his arrival.

"We have invested in a social network called Youyoumi in China. Have you heard of it?"

Wang Wei nodded, "I've heard that, the domestic media reported at the time that Youyoumi had received millions of dollars in angel round investment."

Lin Fan smiled lightly, start-up companies all have the same virtue, they like to announce that a million US dollars in financing will turn into millions of US dollars;

Multi-million dollar investments like to be announced as nearly tens of millions of dollars;

Sometimes the unit of US dollars is converted into RMB.

For one purpose, it makes the financing amount appear larger and has better publicity and momentum-building effects.

Lin Fan said: "As peers of Facebook, we dare to invest in them. Do you know why?"

Wang Wei shook his head. He was also very puzzled. Isn't Youyoumi afraid that core secrets will be leaked to potential competitors?

For a mere million-dollar investment, how could it be done like this?

Lin Fan explained, "This is because we have reached some agreements with them."

Wang Wei became interested and asked: "What agreement?"

"Facebook will not enter the Chinese market in the next few years and will not form a competitive relationship with Youyoumi.

This is because outside of China, there are six continental markets including North America, Europe, and Asia.

Conquering developed regions and countries first is our highest priority goal.

If Facebook enters China in a few years, Youyoumi should also grow.

By then, Facebook will not be able to threaten Youyoumi. It is highly likely that we will sit down and talk, and cooperation will be better than competition."

Lin Fan paused and continued: "In addition to Facebook and YouTube, I also have a company called Lin Capital, which covers venture capital funds.

This fund has invested in startups such as LinkedIn, Tesla, Ganji.com, and Frame Media.”

Wang Wei was surprised and said: "Are you still doing venture capital?"

"Yes, I think this is a very interesting thing. Discover companies with potential, invest in them, and help them grow. Let's ring the bell together."

Lin Fan knew that Wang Wei might be worried that Tudou would be controlled by YouTube if he accepted his investment.

This is also the disadvantage of starting a business and investing at the same time, and the identity positioning is questionable.

If he were an entrepreneur himself, he would probably have to carefully consider investment from his peers.

Lin Fan guessed right, Wang Wei probably did have concerns in this regard.

Shortly after YouTube was launched last year, Wang Wei noticed such a website. Before starting his own business, he also studied YouTube specifically.

Lin Fan suddenly came to visit today. He thought that his plagiarism plan was known to the real owner and came to ask for an explanation. He was shocked.

In his previous life, Wang Wei founded Tudou.com, which was inspired by the photo social networking site flickr.

He thought about converting pictures into videos so that users could share their own videos on the website as easily and quickly as sharing photos.

In this life, the early emergence of oil pipelines allowed Wang Wei to see clearer models and more mature ideas.

This saved him a lot of thinking, but it also gave him a psychological baggage, feeling that he had plagiarized YouTube.

He understood what Lin Fan meant. He wanted to use Lin Capital to invest in them, rather than using Facebook or YouTube as the investment entity.

But even so, some things still cannot be avoided. Lin Fan is a shareholder of two companies, Lin Capital and Oil Pipe.

There is no essential difference between accepting oil pipeline investment and accepting investment from Lam Capital.

He has always been wary, even afraid, of oil pipelines.

Wang Wei made up his mind that for the sake of safety, it would be better not to accept investment from Lin Capital, so he expressed his intention tactfully.

"Actually, I have worked for several years and saved some savings. Our website has not yet been launched, so we are not in a hurry to raise funds for the time being."

Lin Fan frowned, are you so vigilant? Your ex-wife took advantage of you?

He did not easily give up the idea of ​​investing in Tudou because of Wang Wei's polite refusal. He simply made it clear: "Youtube will not enter the Chinese market in the future!"

Wang Wei didn’t quite believe it and said with a smile: “Now that Microsoft, Yahoo, Amazon, Google, and eaby are all entering the Chinese market, YouTube will just give up on the Chinese market?

Even if you agree, other investors won’t agree!”

Lin Fan shrugged, no one believed him if he told the truth.

In fact, it is normal to be misunderstood by the other party.

Nowadays, American Internet giants have not been beaten by the iron fist of socialism, and they are all vying for territory in the Chinese market.

He said that directly abandoning the Chinese market does not conform to the current logic.

In a few years, he won't need to explain too much and everyone will understand.

Lin Fan smiled, changed his tone and said, "It's hard to say about the future, but at least we won't consider entering the Chinese market in the next three years.

Just like Facebook, there are more valuable regions and countries waiting for YouTube to occupy.

Facebook and YouTube have not yet reached their growth ceiling, and there are too many markets for us to choose from."

Wang Wei nodded and said nothing.

Seeing the other party's reaction, Lin Fan probably still doubted himself, so he quickly thought about countermeasures in his mind.

Zhang Chenguang sat beside him like a sculpture, motionless.

For a moment, no one spoke, and the atmosphere in the whole room began to become awkward.

After a short period of silence, Lin Fan broke the awkwardness and asked: "Your website should be online soon, right?"

"Yes, if it's quick, it will be online by the end of the month."

There is nothing to hide, Wang Wei explained it generously.

Lin Fan remembered that Tudou.com was only launched in April in his previous life. It seems that due to the early appearance of the oil pipeline, Tudou.com also launched two months in advance.

He continued to ask: "What about after it goes online? Have you considered how to grow? And the horrific consumption of bandwidth resources?"

Wang smiled and said: "I have worked in foreign capital for several years, and I know some investment institutions. As for growth, we can only take our time and move forward through trial and error."

Lin Fan knew that what the other party said was true. This person was not a grassroots entrepreneur. He had a resume from a famous school and a famous company.

Johns Hopkins University’s master’s degree in computer science is ranked among the top ten in the world, ranked second in the world, second only to Harvard’s MBA from INSEAD, and is the CEO of Bertelsmann Group China, one of the world’s top 500 companies.

Bertelsmann is a century-old German company, mainly engaged in media business such as television, radio, magazines, and book publishing.

Its business volume in China is very small, and the famous Bertelsmann China Investment Fund has not yet been established.

Therefore, the value of this Chinese CEO is not very high, but it is not much lower. There is absolutely no problem if you get in touch with some investment institutions and become familiar with him.

It was precisely because he had good connections and resources that Wang Wei dared to reject Lin Fan without thinking.

He also knew that Tudou.com would need a lot of money in the future, but without Lin Capital, they would not be unable to raise funds for Tudou.com.

Lin Fan felt a little dizzy and couldn't eat the fat in his mouth. The taste was unpleasant.

"You know ab stocks, right?"

Wang Wei nodded, "I have studied and worked in the United States for eight years and know a little bit about it."

"Tudou.com might as well use an AB-share structure. We don't want voting rights, but how about giving them to you?"

Wei was a little hesitant. If an AB-share structure was used and Lin Capital entrusted all the voting rights to him, some threats could be reduced.

But that wasn't enough, he asked again: "Where are the director seats?"

"Board seats can also be given up as a purely financial investment."

Lin Fan thought that since he had given up his voting rights, holding a board seat would be of no use and he would not be able to have a significant influence on Tudou's operations and governance.

Just give it all up and prove yourself to be a harmless good friend.

Wang Wei felt a lot more relieved now. It seemed that the other party really didn't intend to play any dirty tricks.

“What valuation is Lam Capital willing to give Tudou?”

Lin Fan pointed his finger and said, "With a pre-money valuation of one million US dollars, we can invest you half a million US dollars."

Wang Wei shook his head and laughed, "Mr. Lin, I founded Tudou.com and invested one million yuan in it.

At the same time, I also provided intangible assets such as creativity and team. Your valuation is indeed too low, too low to be accepted."

"It has increased more than eight times, which is quite a lot."

Lin Fan said with a smile, as long as the other party is willing to talk, it will be easy.

As for the price, you can adjust it slowly.

"It requires a pre-money valuation of at least five million US dollars. If it is lower than this figure, we will not consider it."

Lin Fan smiled, "I have also started a business, and I understand the thoughts of entrepreneurs, who want to complete financing at a high valuation.

But we have to start from the actual situation. When Facebook’s angel round was valued at US$5 million, the website was already online and had gained 100,000 Ivy League student users, proving that its growth model was feasible.

To put it bluntly, what does Tudou.com have? One office, five employees including you?
To be continued...