After the meeting, Feng Yi and others left one after another, and they were all full of energy. It was difficult to work in a startup company with a future full of potential.

Erin stayed and reported to him about the company's current financial situation.

"The company's 77 million yuan in pre-a round financing so far is less than 7 million yuan. Even if it saves some money, it can only last for a month at most. The company has accumulated 90 million users. Can we consider making profits from small advertising? If we can generate income, we may no longer need to require capital financing."

Luo Sheng didn't think about it and shook his head and rejected it: "When the number of users exceeds QQ or the cumulative amount of 300 million, if you don't meet any of these two standards, Blue Space will not accept any advertisers."

It is worth mentioning that Luo Sheng has never been worried about the monetization ability of blue space. VC investors also know this, that is, the precise advertising push brought by real-name social networking, which is not comparable to QQ.

But Luo Sheng cannot choose to harvest traffic and make profits at this time. When is profitable to make money?

In fact, the purpose is also very simple. Luo Sheng hopes to make users fascinated by the blue space and develop user habits before placing advertisements, so as not to cause a large number of user churn. After all, it is a very bad experience for users to play small advertisements.

Although Blue Space has become the leader in the industry, it has not formed an oligopolistic position that is difficult to shake. It is short-sighted to be eager to monetize now.

Luo Sheng smiled and said, "Don't worry, I will solve the money problem. I will definitely not let you, the chief financial officer, fail to make a detailed audit financial form as soon as possible."

Erin nodded: "Okay, give me about three days."

In the following days, as the end of autumn approaches, the Blue Space website immediately began to open to the public after launching the privacy slider function, making Blue Space not only limited to college students or high school students, but all Internet users.

As the company's capital pool becomes more and more bottoming out, the related work of the A-round financing should be put on the agenda, and Luo Sheng called Xu Chenghua in person.

"Brother Luo, let me guess, is there a shortage of money?"

Xu Chenghua, who was at the headquarters of Tengxun, said with a smile. He was standing in front of the windowsill of his office and was communicating with Luo Sheng at this moment.

"Okay, then it's decided in a week?"

"Can."

"Okay, I'll come to Shencheng in a week."

The two sides ended the communication in less than a minute after chatting. Xu Chenghua gave a clear reply. Teng Xun will not be absent from this round of financing, but will not lead the investment again because there is no cash flow.

Xu Chenghua did not hide this from him.

The development momentum of Blue Star Technology is there, and as the founder, major investors have increasingly recognized him, after all, his performance is there.

Luo Sheng contacted the other three VCs that invested in the company during the pre-a round, and without exception, they all responded to participating in the A round financing.

News that Bluestar Technology is going to raise funds again has spread in the industry. Originally, the four major investors, Teng Xun, SoftBank Capital, Venture Capital Fund and Idg Technology Investment Fund, were all absent.

In addition, it has attracted six other investors, one of which is Goldman Sachs, an investment institution that is well-known on Wall Street and even around the world.

Among the four major investors of Bluestar Technology, venture capital funds and idg are both VC capital from the United States, and SoftBank is also from abroad, including Tengxun. In fact, Tengxun itself also has overseas capital investments.

The investors introduced are basically overseas capital, mainly Wall Street.

There was no way, Luo Sheng found more than 30 companies in the early stages of his business, but none of them were willing to invest in him.

Even now, there are still few domestic investors. They actually want to invest, but they missed the early stage and their financial resources are no longer allowed. Tengxun is the best example, with a shortage of money and powerlessness.

In fact, for Luo Sheng, it is also necessary to introduce Wall Street capital, which is also beneficial to the company's future globalization. The blue space entering the European and American markets is Luo Sheng's biggest goal.

As a social networking website, it would be fine if Blue Space cannot make a name for entering the European and American markets. Once it makes a name for itself, it will inevitably be suppressed by Europeans and Americans. However, it will be much easier to have Wall Street capital in it.

On other people's land, you must attract some local "local snakes" or you will not be able to play with them at all. Wall Street is undoubtedly one of the strongest "local snakes".

...

The negotiation location for this round of financing was not in the company, but chose to negotiate in a five-star hotel called "Baiyue".

Few financing consultations were held on weekends. At around 9:30 in the morning that day, Luo Sheng took Qin Weimu and his legal team to Baiyue Hotel. At the same time, representatives and heads of major venture capital companies also arrived at the meeting place as promised.

There are a total of ten popular institutions coming this time.

Luo Sheng and his friends came to the hotel and led by the hotel staff to the consultation meeting room. As soon as they came in, they met an old acquaintance Xu Chenghua.

After chatting for a few minutes, the heads of investment representatives such as Idg, Goldman Sachs, SoftBank Capital also came.

At around 9:37, the door to the conference room was closed and the A-round financing consultation officially began.

Luo Sheng and the heads of several major venture capital institutions sat on an oval table in the conference room, and the people they brought were in the second seat, and Qin Weimu and others sat behind Luo Sheng.

Li Yan, an executive of SoftBank Capital in China, took the lead in speaking: "I still remember Mr. Luo's bold statement during the pre-a round of financing. The number of users in Blue Space increased, with a total of 300 million in two years. To be honest, I didn't believe it at all. I think Mr. Xu, Mr. Liu and Mr. Chen who were also present at the time were the same."

Liu Wen, Xu Chenghua and Chen Tao did not say anything, and their expressions were relaxed, which was equivalent to acquiesce, which surprised the three new investors.

Li Yan continued with a smile: "But from now on, the number of users in Blue Space has accumulated more than 90 million to today, and it has immediately exceeded 100 million. The monthly growth of users has reached 15 million, and the development speed is unmatched in the industry."

This is the fundamental reason why Luo Sheng called and the investors agreed without hesitation and immediately came to give the money.

Luo Sheng said calmly and confidently: "Blue space is moving in the direction the Internet wants to go. We need to know what users really want. If all people want is a huge echo chamber, or an illusory world, someone will satisfy their wishes and become winners, and those who do not provide them will become losers."

Luo Sheng added: "The key is that Blue Space is not a service or a simple website. It should be a basic platform. Its scale will be as large as the Internet itself in the future. Believe me."

Meng Qiu, the head of Goldman Sachs Capital, looked at each other quite sideways, while the representatives of the other two domestic investors looked at each other in shock, as huge as the Internet itself?

This tone is really...

However, Xu Chenghua and the others were not surprised by this, and they all took an unanimous attitude.

There is no way. I learned about the tone of this young man when I was in the pre-a round of financing. It was simply crazy.

But the real growth data of the Blue Space website is in front of you, but Li Yan and the others are very comfortable to be slapped in the faces. They don’t mind this kind of slap, the more the better.

"I'll just mention it, you'll be exempted from this storytelling. I know you're the most proficient in this game. I've already experienced it. There's nothing more convincing than growth data. Mr. Luo, please just talk directly about how much money you're going to raise this time." Li Yan said calmly, just as fast as he talks.

"Well……"

The other newly entered mainland investment leaders wanted to speak up but stopped because they were about to ask Luo Sheng about the blueprint planning for the future development of Blue Star Technology, and found that it was not just Liu Wen, Teng Xun, SoftBank Capital, and Idg, all of them were also stances that I would give as much as you say.

Even Meng Qiu, who represents Goldman Sachs, didn't speak.

Can’t we consider the feelings of our small investment institutions?

...

(ps: Please recommend votes and collections for the new week. Should all the VC bosses follow up?)
Chapter completed!