Chapter 340 Investment should be early

No business can develop without the background of the times.

Just like before the era of wind, e-commerce business was destined to be not very popular in China. Not only was the PC and online banking popularization rate insufficient, but the broadband speed was also terriblely slow.

No many pictures on the web page can be uploaded, otherwise the page will be stuck for half a day before it is displayed after refreshing.

Moreover, before the big infrastructure tycoon made efforts, the logistics cost was not average. The express delivery network of Sitong Yida Express Company has not been spread all over the country, so I can play Hammer E-commerce.

Before the mobile Internet era comes, the same is true for you to play takeaway platforms or taxi-hailing software.

Smartphones are not popular, so how can you play?

The same is true for the development of Twitter. It is still just a PC website and there is still a long way to go before becoming the king of social interaction in the future mobile Internet era.

Logically speaking, it is difficult for Twitter, which only provides services on the website at this moment, to form a link with large-scale live events like SXSW Carnival.

However, the founders of Twitter came up with a trick. They let people know what Twitter does through live text on a large screen, and added a feature that allows people participating in the music festival to register by sending text messages on the spot.

This feature looks very common after many years. It has this module on a website, but it was a big innovation in 2007.

Participants began to try Twitter to post information such as "Where are good concerts, cool technology displays, and great bars."

The two super-large screens present the dynamics posted by everyone in real time, instantly fascinated the audience with Twitter.

In Ma Liang's previous life, in less than ten days, Twitter became the absolute winner of this SXSW carnival.

The number of tweets displayed on the large screen every day has quickly climbed from 2,000+ to 60,000+.

The number of registered users is also rising. Founder Dorsey and his team have suffered a website crash for the first time, but this has not frustrated the group of young people.

On the contrary, they were still excited because Twitter really did this time!

But these things will not happen until the end of the SXSW Carnival, and at this moment, this blue bird cannot be considered an official debut.

Before coming to Austin, Ma Liang shared some basic knowledge about mobile Internet and investment with Sister Jiang.

So as soon as he saw the huge poster and the message on the big screen, Jiang Yinqiu shouted out.

Because the poster shows an Internet company, she doesn't know whether it is a project that Ma Liang is interested in, but it's not bad to remind her.

Under the reminder of Sister Jiang, Ma Liang immediately discovered the Twitter advertisement.

He had read Twitter's entrepreneurial history in his previous life and knew that this social king opened up the situation through this SXSW Carnival.

Because this grand event completely made Twitter popular, it brought many seed users to the website, and many of these seed users are celebrities with social influence.

One story is spreading to ten thousand, and Twitter has been in the limelight at the SXSW Carnival.

Naturally, Twitter quickly attracted the attention of many investment institutions, and in just three months it obtained its first financing - US$1 million.

So this carnival is crucial to Twitter, and so is Ma Liang.

Seeing that there were several staff members next to the two large screens constantly debugging the equipment, Ma Liang said to Sister Jiang: "Let's go there and take a look."

As he said that, he turned around and walked towards the stage, while Jiang Yinqiu followed closely behind him.

When he walked up to him, Ma Liang looked up and saw a young man among the staff who was unkempt and had a hint of hippie temperament. He actually knew him.

That's right, this person is Jack Dorsey, a genius programmer and co-founder of Odeo.

Compared to Evan Williams, the big boss of Odeo, Jack Dorsey is the real inventor of the Twitter product, and Evan is just lucky enough to get a bargain.

But then again, Evan Williams is the founder of Blogger (blog), and his forward-looking vision is still very good.

He saw Jack Dorsey's creativity and products at a glance and hired people on the spot.

And just a few months ago, Evan Williams bought all the shares of the company out of his own pocket when the board of directors of Odeo was not optimistic about the future potential of the Twitter project.

And he assigned options to Jack Dorsey and others in a grand manner, and then everyone fought against the bets and put all the bets on this carnival.

According to the development trajectory of his previous life, Evan Williams did take the right bet this time.

Because not long after the carnival ended, Twitter's financing plan began one round after another, and there was basically no shortage of money.

So when Ma Liang saw Jack Dorsey, the founder, was also on the scene, he felt uneasy. He had to come forward to hook up because the investment should be early.

If you don’t get the investment before the carnival event is over, it will be troublesome.

Once the SXSW carnival is over, maybe the door of Odeo will be squeezed out by a large group of investors in minutes.

Although Ameriga is very strong in innovation and entrepreneurship, a very sexy technology project is not something you can encounter every day.

A website like Twitter that can become popular in just a few days is unlikely to sit still if it is read by a high-ranking investor.

Anyone who invests knows that you have to grab it when encountering great projects.

In Ma Liang's previous life, Twitter's angel round financing was jointly invested by multiple investment institutions and investors.

Among them are Heguang Capital, Charles River Ventures, Netscape co-founder Mark Anderson, angel investor Ron Conway, etc.

Twitter raised $1 million in the first round of financing, with a valuation of $5 million, and sold 20% of its shares.

Ma Liang rushed over quickly, trying to eat all of Twitter's 20% shares before a group of well-known investors discovered it.

So he took the initiative to say hello to Jack Dorsey and the others: "Hi, guys, good afternoon!

The weather is really good today!”

"It's really good, I hope it will be like this tomorrow!" Jack Dorsey looked up at him, his attitude was a little cold, and he just replied casually.

As for foreigners, most of them have a bit of social erotic disease, except for the Jack in front of them.

Because he had a language barrier since childhood, he became introverted in his childhood, and later he overcame his shyness by participating in various speech competitions.

After many failed attempts, he defeated the fear of speaking in front of outsiders.

Ma Liang was not discouraged and then asked, "My man, can you ask what you are preparing? Looking at the information on the poster, it seems to be a very interesting website?"

"Sorry, this is not convenient to disclose to the public for the time being.

You will know when the carnival begins tomorrow." Jack Dorsey politely rejected the strange young man in front of him for inquiries.

Ma Liang thought about it for a while and then continued, "Sorry, I forgot to introduce myself.

Actually, I am an angel investor. Are you short of funds?”

When he asked suddenly, not only did Jack Dorsey and several staff members be shocked, but even College Sister Jiang, who was standing aside to watch the fun, was stunned.

What's the situation? You have to invest without asking anything? Still bringing this kind of thing?

Everyone present didn’t know that there was not much time left for Ma Liang, so you should invest as soon as possible!

I blocked two chapters last night, which caused me to suffer from insomnia and I didn’t sleep for a day and night, and I was injured.

I will try to write as early as possible tomorrow, and replace such things if it is not high.

The rules for asking for leave from Qidian are really rubbish. I won’t ask for leave this month.

This book has not achieved good results, if you lose all attendance, you will lose your income.

Brothers, please be grateful, thank you!
Chapter completed!