"Mark Anderson, a super investor who has become famous in the Silicon Valley venture capital circle in recent years, is not only a big shot, but also a big mouth. He has just registered an account on Twitter recently and often publicly comments on some startups that offend people."

“It is said that he and his partners are currently planning to create a venture capital fund… If you want to know more about him, I’d be happy to serve. — your friend, JJ Johnson.”

JJ Johnson is a partner of the San Francisco office in Shida Law Firm. He took out the money from Li Zhiyi when he returned to San Francisco and was robbed into the bureau.

The two did not communicate much, but after that, meta Capital, Airbnb, and recent legal work on 217 and Uber were entrusted to Sida Law Firm.

Therefore, the two sides have established a good friendship. After chatting with Jack Dorsey, he asked John, the local snake in San Francisco to understand the situation, and the latter responded to the email as soon as possible.

Li Zhiyi fell into deep thought after reading the content on the email. Marc Anderson is famous in the Internet field. He once founded his first browser website - Netscape Company.

Later, Netscape was acquired by American Online and Mark Anderson moved to the venture capital field.

Simply put, this person has a sense of a great honorary elder. No matter what his career is now, the achievements he has achieved alone are enough to say Rissi to anyone who mentions it. He has a very high status in the world.

So Jack Dorsey has a way to deal with him, what is the solution?

Li Zhiyi maliciously speculated whether he had a handle like Mark Anderson and "little supermodel in love"...

He suppressed his evil thoughts and sent an email to Johnson again, first expressing his gratitude, and then asked him to inquire about some details.

He did not disclose the situation of Victorsi and Twitter in detail, but only said that he was roughly inclined toward his venture capital direction.

Johnson didn't reply to this in seconds until after ten o'clock in the evening. He did not reply to an email.

There are only three contents: 1. Mark Anderson's fund is tentatively named a16z. The financing process was not very smooth and was rejected by two well-known LPs in the Silicon Valley circle one after another.

2. Mark Anderson is currently involved in a financing case called Skype instant messaging software. The competition is very fierce. He publicly criticized other investors for raising prices and disrupting the market, and privately expressed his willingness to acquire equity shares at any cost.

3. Mark Anderson was involved in the internal strife of Twitter and repeatedly jumped to the sidelines. It would take some time to understand his attitude in detail.

These three messages are very different from the news collected by Alison, except that the former lists the names and details of the people associated with the matter in more detail. It has to be said that local tyrants are still very powerful.

Based on the current news at hand, we can make a preliminary judgment that Mark Anderson is currently short of money and is very interested in the infighting on Twitter.

"Do you think this is the reason why he sold Twitter shares at a low price? Sell Twitter shares to withdraw cash to invest in other projects." Li Zhiyi asked while yawning.

I went to Paris for a lot of fun during this period. I was so weak that I couldn't open my eyes until just ten o'clock in the evening.

Alison put a cup of coffee on his hand: "I don't think it's better to raise funds for a16z or compete for equity shares in other companies."

"So he won't sell his Twitter shares just because he wants to cash out."

Li Zhiyi nodded in approval, and he thought so: "So do you think we can bypass Jack Dorsey and contact Mark Anderson directly?"

"Uh... maybe we have to think more deeply. Jack Dorsey is very alert to us, if we can't deal with Mark Anderson quickly..." Alison didn't say enough.

If Mark Anderson cannot be dealt with quickly, the investment in Twitter will basically be terrible. If you take a step back, even if you successfully get the shares in Mark Anderson's hands.

It is also equivalent to completely offending some management teams in Twitter, led by Jack Dorsey and Noah.

Li Zhiyi was silent for a while and made a decision: "Notify Jack Dorsey to come to my office tomorrow at 10 a.m.."

The news that I found was only the last one that was useful: Mark Anderson was involved in the infighting of Twitter management.

It proves that Jack Dorsey said during the negotiations that he was not very well-watered. He probably really has the ability to influence Mark Anderson. Don’t worry that the former is a waste of money. He spent time and energy to play for a game in vain and could not get Twitter shares.

And in fact, what Li Zhiyi is most unsure is that Jack Dorsey takes the initiative to ask for help, which makes him a little suspicious and feels that the internal strife between Twitter is not that serious. Does this guy want to cheat him?

Because although Twitter was infighting in the last life, there was no incident of Mark Anderson transferring shares, Jack Dorsey and Noah were always pressed to the ground by Evan.

It was confirmed that Twitter's infighting even the independent shareholders were deeply involved, which made him feel much more at ease.

…………

The next morning, Li Zhiyi met Jack Dorsey in the office on time.

The two of them chatted about some things. Jack Dorsey couldn't help but ask first: "Z, let's continue to talk about the important things. How are you thinking about it?"

"We can talk, are you sure 217 will eventually get 10% of Twitter shares?" Li Zhiyi replied simply, "Since the decision has been made, there is no need to be shy."

Jack Dorsey didn't hide his excitement when he heard this: "Of course! I said that you have to get at least 10% of the shares to support us at the shareholders' meeting. It will not do me any benefit to not meeting this condition."

"OK, continue with the next question, what is the price of the 6% stake in Mark Anderson?"

"In the round of financing that just passed in February, Twitter was valued at US$250 million. After this round of financing, the valuation so far is at least US$300 million."

Jack Dorsey paused and observed Li Zhiyi's expression calmly and continued: "So to be honest, even if I can promote the transaction between 217 and Mark Anderson, it cannot be much lower than the market value. I estimate the final transaction price is in the range of US$15 million to US$18 million. Do you understand me?"

"6% equity, less than US$20 million, is understandable," Li Zhiyi was not petty.

The so-called "low price" does not necessarily mean lower than the market value. For companies like Twitter whose valuations are growing every day, trading at normal market value is very cheap.

It can be said to be a loss-making deal that made Mark Anderson lose his pants.

Under normal circumstances, equity financing and mergers and acquisition transactions like Twitter must contain the expected value, that is, although I am trading with you now, the price of selling you must be consistent with the valuation after a period of time.

For example, the 4% equity that needs to be supplemented from Spark Capital...

"The valuation should be calculated based on 400 million to 500 million, and it is also around 20 million... Maybe it may be a little more." Jack Dorsey was a little less confident.

Li Zhiyi couldn't help but be happy. Although this guy didn't like him, he was quite honest: "Let your people come to the meeting to talk about the details, and contact Mark Anderson as soon as possible to complete the transaction."

“We have to sign a joint actor agreement.”

"Of course..."
Chapter completed!