Chapter 109 [Wah is the executive meeting]
The executives attending the meeting agreed on this issue, which also made Luo Sheng know another meaning of everyone, that is, the option share allocations that everyone has obtained.
With the development of Bluestar Technology to this day, the core management has now provided more or less option rewards, and more frequent financing means that the shares in hand are constantly diluted.
Of course, although all the equity rewards they hold have been diluted, their value has doubled and increased, because while the equity is diluted, the company's valuation is skyrocketing.
But then again, no one wants the equity to be over-diluted, which indirectly proves that they firmly believe that the company's future is more limitless and more motivated.
This is what Luo Sheng is more happy about, which means that everyone cares very much. If you care, you will be more concerned about the company, because it is related to everyone's personal interests, but they cannot make a decision, because Luo Sheng has absolute control over the company, so he can only suggest it.
Finally, Luo Sheng smiled and said, "What Lao Yu said makes sense, and everyone agrees unanimously. Public opinion cannot be violated. OK. Then we will enter the stage of cash-out and revenue generation from January next year. Today we will prepare to welcome advertisers. Our career will also usher in a milestone turning point."
Everyone was very excited when they heard Luo Sheng’s decision on the spot, but then their hearts jumped up again.
Zhang Bowen took a deep breath and said, "There are still twenty days left to 2005. I am really looking forward to it and nervous!"
The executives attending the meeting also nodded in unparalleled agreement. Bluestar Technology's current valuation myth of $15 billion is based on the current impressive growth data, but what really determines the company's life and death is revenue and profit.
If the expectation of monetization is not met next year, the valuation myth created by Blue Star Technology will fall from heaven into the abyss in a flash. The higher the ones that take off now, the more miserable they fall.
However, if the expectations are met or even exceeded, it is the true moment of Blue Star Technology's gods.
This gap is simply too exciting, and the senior executives feel a beating.
And investors are not the case. Investing in Bluestar Technology must have a strong heart. It can be seen that it is not wise to leave early after the C round of financing, but it is definitely not a stupid behavior, because it has taken away more than 80 times the rate of return.
Such investments are winners no matter what.
"Don't panic. Judging from your current expressions and emotions, I want to regret it." Luo Sheng said so. As soon as this was said, everyone present couldn't help but laugh and felt much more relaxed. Especially when they saw Luo Sheng's confident side, everyone inexplicably calmed down.
It is worth mentioning that the products Luo Sheng chose to cash out this time are limited to the bluespae social networking website. The company's other products are still mainly based on the development of losses, especially the online video business, and we must be prepared for long-term losses.
Blue Space Bluespae was first born in China and now exceeds 300 million total user bases worldwide. Before that, it has always been the absolute number of domestic users, but since the last quarter of this year, the international version has surpassed the domestic users.
This is not an unexpected thing. Currently, the global Internet user base is less than 700 million, but domestic users only have about 100 million floating, while overseas users exceed 500 million. Even if domestic Internet users soar in the future, it will not exceed the scale of the entire world market.
Therefore, over time, the domestic version of this product may only have about 600 million to 800 million users in ten years, while the international version may be at the lowest level of 1.5 billion or even more than 2 billion.
Currently, the international version of bluespae users are spread all over the world, including North America, South America, Western Europe, Eastern Europe, Australia, Southeast Asia, South Asia, Middle East and other regions. It has included Internet users in 78 countries and regions and has successfully covered all English-speaking countries.
Being able to develop so rapidly is naturally inseparable from the excellence of the product itself and team operation, but also inseparable from the factors that Blue Star Technology binds Wall Street. The endorsement of top VCs or investment banks such as Goldman Sachs, Morgan, SoftBank, Sequoia, IGG, etc. is in a sense another invisible world pass.
In addition, there is a little external factor that is that the United States is now fighting against Saints, and its main energy is to fight terrorism and have no time to look around.
In short, the reasons for such success are in all aspects and complexity.
After the meeting, Luo Sheng left Blue Star Technology Company. The affairs here have basically been processed. All the remaining working hours today were left to the Blue Sky Company.
Fortunately, they are next door, but the two companies are running back and forth almost every day, which makes Luo Sheng a famous workaholic in the company.
...
Pengcheng, Hua is the headquarters.
The matter has to start from the first half of this year, that is, Luo Sheng successfully cashed out the company's equity and transferred it to establish Costa delle. The new company has just been established less than a month after it was established and soon attracted attention from the domestic communications giant Hua.
As time goes by, the attention is not only getting lower but also getting higher and higher.
At the same time, shortly after Luo Sheng established the Costa del Blue Company, Huawei was also working on establishing a semiconductor company and entering the mobile phone business. It was originally planned to establish a semiconductor research and development company in October.
But all this has changed due to the Costa del Azure Company, which has not yet been established.
"Côte d'Azur Company was established at the end of March this year, and it has been less than ten months so far. However, through patent inquiry, we found that the company has registered 32 new patents, all of which are core technology patents, 22 of which are related to integrated circuits, including application processors, accelerators and communication basebands. After obtaining the authorization to design and manufacture chip solutions for Qualcomm's base chips, it has now generated two key technology patents on this basis."
The speaker was Xu Zhijun, one of the senior executives of Huawei. There were more than a dozen people at this meeting, including General Ren.
When everyone heard this data, Xu Zhijun said in surprise: "Qualcomm never expected that this company, which was basically established on the basis of Lide Communications, could produce so many practical patented technologies in less than 10 months. I heard that Qualcomm also played a commercial betting agreement for wireless terminal sales with Costa 1998. It was interesting."
Another executive at the meeting said: "Not to say that Qualcomm could not have imagined it, who in the industry would have thought of it? Until now, the Costa del Blue is very low-key, and there are almost no reports of this company in the news. Only after this investigation did I find that I was working hard to do research and development. The results of the output are also amazing, not much, but they are all key technologies. Luo Sheng, a young man... it's not simple."
Everyone couldn't help but nodded silently. They had already heard of the figure Luo Sheng. They are now famous rookies in the domestic Internet and even in the global technology industry and supernova in the technology industry.
His rise is lightning-like and is hailed as the "Son of the Internet" by the industry. Bluestar Technology, founded by the company, is now valued at US$15 billion. Whether in the domestic Internet industry, Silicon Valley and Wall Street abroad, they are all popular figures.
Huawei is a communications giant, but everyone is in the technology circle, but after subdividing it, one is communications technology and the other is Internet technology.
After Luo Sheng founded the Coast of Blue Company, he was considered a companion in the industry, so it is not surprising that he paid more attention.
But I didn't expect that this rookie who rose in the Internet industry could have such a spectacular result in the ICT field, which surprised Huawei.
...
Chapter completed!