In this round of C financing, all 15 VC investors involved in the investment led or followed up, and Gates Personal Investment Fund and Google also participated in this financing.

After Lanxing Technology completed this round of financing, major investors contributed a total of US$1.275 billion in proportion, and the equity held by major shareholders also changed accordingly.

After completing the C round of financing, the equity structure of Bluestar Technology is:

Option pool reservation: 7.11%

Luo Sheng: 41.72%

Goldman Sachs: 9.66%

Tengxun: 9.46%

SoftBank: 8.8%

Venture capital: 5.8%

idg:5.47%

Morgan: 3.3%

Huajin Securities: 3.22%

Xu Yong: 3%

Sequoia: 1.15%

Gates: 0.5%

Google: 0.5%

Others: 0.31%

After completing the C round of financing, no accidents will be made and no private equity financing will be carried out in the future.

Luo Sheng also as promised to allocate 3% of the shares to co-founder Xu Yong and officially divested from the option pool. This also means that starting from the C round of financing, once there is a new equity change, Xu Yong's equity will be more or less diluted and changed.

After the C round of financing, several domestic investors chose to cash out and leave the market in the early stage, which combined with a total of only 0.25% of the equity.

But this small 0.25%, currently worth a huge amount of RMB 310 million. Google and Gates' private investment funds participated in the C round of financing this time. The two parties received a total of 1% of the equity, and invested a huge amount of RMB 1.241 billion in total.

According to the special agreement in the shareholders' agreement, shareholders of Bluestar Technology sell their shares, and the company has the right of priority to repurchase at the same price.

Some small shareholder An couldn't help but want to cash out in advance in the form of transfer. As long as someone is willing to accept it, he can cash out. According to the valuation after the C round of financing, these investors who want to leave the market invested in Bluestar Technology in the early stage and now have brought an excess return rate of more than 50 times. Millions have become hundreds of millions at once. Even if they cash out now, they will make a lot of money.

Of course, Luo Sheng chose to repurchase, and repurchase it according to the company's valuation after the company's round C financing.

After the C round of financing, the company's book funds immediately increased by RMB 10.55 billion, waiting for the VC to pay the money, and using 310 million to repurchase 0.25% of the equity is definitely a profit. Luo Sheng knows more than anyone that the future value of Blue Star Technology will further soar.

Moreover, after repurchasing the equity, he will not spread it to the shareholders of major companies in equal proportions, but will transfer it to the company's option pool to reserve it, the reason is to introduce talents for the long-term development of the company.

This is equivalent to the major shareholders of the company giving up some of the benefits to meet the company's development. They are definitely reluctant. This is also hundreds of millions of dollars, which is worth tens of millions of dollars now, and may appreciate more than 100 million in the future.

But I reluctantly agreed.

But just as Luo Sheng and several small shareholders who cashed out and left the scene agreed, SoftBank jumped out at this time to intercept the stake, and Li Yan offered ￥500 million to buy the 0.25% equity.

This caught Luo Sheng off guard, and the other investors were speechless. It was indeed the "Kaizi" in the investment world, no, the rhythm of "Kai Ye".

Those small shareholders who were preparing to cash out and leave the market were very happy. Of course, they did not hesitate at all and decisively sold them to SoftBank. They were still looking forward to Luo Sheng also raising the price, so it would be better to double it.

It's less than a year, and the return on investment is more than 80 times. Is there anything more exciting than this?

But Luo Sheng gave up decisively. No matter what, Li Yan just took the initiative to repay his favor. Sometimes he had to fight for his inch of profit, but sometimes he had to learn to give up appropriately.

Li Yan helped SoftBank Capital so diligently to absorb shares of Blue Star Technology because he also had benefits. Because Sun Zhengyi gave him promise that the more shares of Blue Star Technology he fought for SoftBank, the more extra remuneration he would give.

Li Yan would of course do this when it comes to his own personal interests.

After completing the C round of financing, Luo Sheng and his entrepreneurial team jointly held about 51.8% of the shares and about 48.2% of the shares of external investment shareholders. So far, the equity structure of Blue Star Technology has become Luo Sheng's entrepreneurial team and external venture capital institutions each account for about half of the company's surplus value.

However, even if the equity of Bluestar Technology is further diluted, the company's absolute control is firmly in the hands of the entrepreneurial team, and in the entrepreneurial team, Luo Sheng has absolute control over the company.

This round of financing is very fast. The negotiations are completed on the same day and the contract is signed on the same day.

The agreement was completed in the morning and the signing ceremony was completed at around 17 pm. Then, a temporary media conference was held at the Hilton Hotel to disclose some relevant information about this financing. When the media conference was over, it was just about the time of meal time. Of course, a dinner party was also held at the Hilton Hotel to celebrate the successful completion of this round of financing.

It can be said that the timing is stuck and not wasted a minute.

The audit will be completed by the C round of financing, and the subsequent negotiation will go through the complete process in one day.

This is the efficiency and perfection that Luo Sheng pursues.

For him, the time is very fast now. The time cost is the most expensive here, and no cost can match it.

The Azure Coast Company's [azure] project plans have too many R&D projects, among which the "Blue Core" project is still led by him, and he also needs to coordinate the entire [azure] plan.

He doesn't want to waste even a day before the [azure] plan succeeds.

During the dinner, everyone was happy. Meng Qiu and others had glared at Li Yan before, but now they were drinking and talking again.

When doing business, you can talk about business, but it does not hinder your private relationship. You are all insiders.

On a main table at the dinner, Luo Sheng and a group of major investors were sitting together. Xu Chenghua next to him laughed and said, "Brother Luo, I still want to break the casserole and ask, how can Blue Star Technology's online video business be monetized?"

The others were also quite curious. Xu Chenghua obviously hadn't finished speaking yet, so he continued:

"During the daytime, you 'dissected' Wikipedia with the investors present. It is indeed a very novel interpretation. But the problem is that Wikipedia can continue to rely on its own commercialization, but on sentiment and crowdfunding to live. It is true that it is a non-profit charity, but even if it is commercialized, it cannot create much profit and has a fatal weakness."

After a pause, Xu Chenghua took a sip of wine, then looked around and said, "Once Wikipedia chooses commercialization, it is its end. Why? My reason is also very simple. After commercialization, the content will inevitably be no longer objective or more prejudiced. Because to satisfy advertisers, it is necessary to sacrifice the quality of the content. It is obviously a poison to quench thirst. Users will abandon it sooner or later. Therefore, Wikipedia can only become a non-profit charity that can survive, relying on the feelings and volunteers of users, plus crowdfunding donations to maintain operations."

Xu Chenghua saw the others nodding silently in agreement with this statement, and then looked back at Luo Sheng and smiled: "So I came to an unrigorous conclusion. Will Bluestarvideo... also face an embarrassing situation like Wikipedia? In the end, you will become a failed product and be killed by you? If not, how can we achieve a perfect balance between users, content and monetization profit?"

Luo Sheng saw Xu Chenghua and the others on the table, looking forward to his attitude,

At the end, Luo Sheng said calmly with a smile: "In this industry, traffic is the foundation of everything. Without traffic, everything is meaningless. Wikipedia does not make money, so why do I still insist on making Yunge Encyclopedia? This is not to ask how much profit the product can directly bring, but to enrich Yunge Search, it cannot make money but it must have it."

"Question is to increase user experience and ultimately improve the vitality and long-term vitality of Yunge Search. As the head of the company, if the company is to calculate the details, the company will definitely be over. I will never calculate the details of the company. That is what middle and senior management should do. I only calculate the company's ledger. If you check it, you will find that Google has been donating money to Wikipedia, and there is no need to acquire it. Google is already the overlord of search engines, but it is still donating money to Wiki. Isn't it worth pondering?"

"I've finished speaking. As long as you have traffic, you can't find the opportunity to monetize now, and you will find it one day." Luo Sheng looked at Xu Chenghua and added with a smile: "Tengxun had more than 200 million users at the end of last year, but before the second half of 2003, he was struggling to seek monetization and failed. In various attempts, a QQ show made your finances turn a big profit. If there is no strong user base and traffic base, no show is useful, right?"

Xu Chenghua couldn't find any reason to refute this for a while, so he could only praise it. He immediately smiled and said, "It's worthy of being a 'sect of the Internet' by Silicon Valley. Listening to your words is better than reading for ten years, haha."

Speaking of which, there are still many netizens who are struggling with why Silicon Valley magazine calls Luo Sheng the "son of the Internet" rather than the "godfather of the Internet" or the "ghost father of the Internet" and the "English Emperor".

Actually, what's there to worry about?

Luo Sheng is so young now that he is not inconsistent with the title of "Godfather of the Internet". People who don't know think he is no longer an old fox in his sixties or seventies.

The first impression that the title of "Son of the Internet" gives people is that this person is very awesome in the Internet industry and is very young.

A domineering name is not necessarily suitable, but the right one is perfect.

There were no surprises for the next dinner, and commercial hype was done.
Chapter completed!