What a good start.

…

Entering June, Lingying's development team followed the established steps previously formulated by Ning Zimo and displayed the address book upload and group functions on Lingying's page. At the same time, it also activated the third plan that Ning Zimo had planned for Lingying.

A formal business chain: positions and user subscriptions.

With Ning Zimo’s advance planning, and with Hoffman and Levchin personally taking charge, even without Ning Zimo’s promotion of [myspace] with the help of the [Celebrity Plan], Lingying still ran through the timeline in all directions

Another time and space of its own.

According to Ning Zimo's plan, [Lingying] only invested corresponding advertising fees in Fengyu SEM and SEO promotion, but the results of nearly 3 million users in four months are not worth mentioning in front of skrpe, but it is also a natural development.

good results.

But the rational Reed did not invest more money, because Lingying now needs to expand the server capacity on the one hand, and improve the service quality of existing users on the other. The team is now focusing on the accumulated experience in the past few months.

The number of users is less than 3 million and various functions are being optimized.

After all, [Ling Ying] is different. The model, vision, and environmental structure all determine the current results. Ning Zimo has many things to do, so he can only let [Ling Ying] naturally maximize the advantages established early on.

When Ning Zimo walked into Lingying with Emperor Penguin, he saw that Lingying's current office area had expanded three times, and the added 60-person marketing team and 20 engineers were still busy in the office.

This is Silicon Valley after all, and there is no shortage of talents of all kinds.

"Peter sent us news that Sequoia Capital has begun to notice the development of Lingying through him. Soon, we may face a negotiation with real capital." Hoffman introduced as he walked.

arrive.

Ning Zimo chuckled and said, "Have we been noticed by capital so quickly? Or is there Peter's recommendation here?"

"I guess I have something to do with him, but so far he has only told us via email, and there has been no formal discussion yet," Levchin said.

The Peter that Hoffman is talking about is none other than former Bebot CEO Peter Thiel. He was originally involved in the investment world, and has returned to the investment world since leaving Bebot. Come to think of it, he has some experience in the projects of Bebot engineers.

Pay attention, and naturally you will have some exchanges with other investors on weekdays.

"No matter how Sequoia notices that we are winning, it means we are on the right path."

After all, Sequoia Capital is a local company in the United States. With their many years of experience in the capital industry, the release of information about Lingying at this time does mean that Lingying is already a valuable project.

Hoffman's face turned rosy when he said this, and Ning Zimo could fully feel the pride in his heart from his actions.

Although he was surrounded by members of the Emperor Penguin whom he had only met once, Hoffman still couldn't restrain his excitement, "Ning, what do you think, if Sequoia Capital invests in us, how much will it value us?"

Ning Zimo could understand his excitement very well, so he nodded and said, "Sequoia's involvement will give them more bargaining power. Their valuation of us depends entirely on our results in leading the first formal business chain."

.

I have also seen the data of Lingying recently. Currently we have less than 3 million users, but the user retention rate is very high. I think the user retention rate will become the key to their valuation of Lingying.”

"Do you think it can reach 100 million US dollars?" Hoffman continued to ask.

"You are a bit underestimating ourselves," Ning Zimo chuckled and shook his head, "Currently, the retention rate of less than 3 million customers visiting Lingying is very high, which means that these professional customers are still very satisfied with our Lingying

. But it depends on when Sequoia is ready to intervene. If it is a venture capital round, my valuation of 100 million is too conservative. You should consider 200 million."

Hoffman was a little disbelieving when he heard the numbers from Ning Zimo. After all, Beibao only sold 1.8 billion US dollars after three years of operation. If Ning Zimo said it, after three years of development, the valuation of Leading will definitely increase.

Beyond PayPal?

Ning Zimo looked at him and nodded, pointing to the marketing department in the distance and continued, "Everything depends on the advancement speed of these marketing guys."

Withdrawing his arm, Ning Zimo turned around and looked at everyone, "The era of the Internet bubble has passed. The 1.8 billion acquired by Yibao from Beibao has affected the venture capital's view of the existence of a bubble in the Internet industry to a certain extent. Lingying has times.

Biogene exists. You can ask Peter or Elon whether they think the valuation is low and see what their answer is.

But no matter what, I think we still have to move forward with our first round of angel financing. While expanding our reputation and money through short-term financing, we will also add some chips to Sequoia by strengthening ourselves."

Ning Zimo turned to look at Hoffman, and the determination in his eyes actually made Hoffman feel a little oppressive. Hoffman just looked at it, and he saw Ning Zimo say word by word:

"Guys, Lingying is not Beibao. It is not our money-making tool. It is a business for us. We must look at it differently from Beibao. After all, we need to invest from others.

Does money reflect our value?

No, Lingying itself is the value! Whether it’s Sequoia or other capital, they invest in us because Lingying can make the money more valuable to investors.”

Hoffman looked at the elegant smile on his young partner's face,

His voice was not loud but it seemed to have some kind of magic power.

What a weighty sentence that is,
Chapter completed!