Chapter 392 Million Girls
In his previous life, Ma Liang had never been involved with venture capital companies. The reason he knew about Zynga was because he had read relevant news reports in China.
When it comes to Zynga, few people know about it, but when it comes to "Farm Ville", it is definitely well-known.
This is because this most popular game on Facebook was copied by Zynga from "Happy Farm" owned by the well-known domestic Kaixin.com.
You must know that Kaixin.com, with its food-stealing game "Happy Farm", once almost wiped out Brother Ma's QQ.
Unfortunately, "Happy Farm" was not independently developed by Kaixin.com, but was purchased. The copyright belongs to a software company called Five Minutes.
Brother Ma later spent a lot of money to buy the copyright from Five Minutes Company, and also played a game "QQ Farm" and successfully stole the tower.
Therefore, although Kaixin.com released "Happy Farm" first, it was eventually killed by Xiaoma Ge by taking advantage of QQ's user stickiness.
But Zynga, which also copied, had a smooth journey and successfully went public.
It is precisely because it is rare for foreigners to copy China's Internet products, so the media at that time also reported overwhelmingly.
Otherwise, Ma Liang would never have heard of Presidio Media, let alone Mark Pincus.
Zynga is the product of Presidio Media's name change.
Ma Liang clearly remembers that in the next few years, except for Facebook and Twitter, no company in the global Internet industry could overshadow Zynga.
In particular, Zynga's games will remain at the top of the social game rankings for many years.
Among the top five games on Facebook, four are from Zynga.
It is precisely because of its game product matrix that Zynga has become one of the most profitable game companies.
It can be said that Zynga, which was transformed from Presidio Media, will soon become the biggest dark horse in the gaming industry, and its rise is miraculous.
And because Facebook and Twitter were listed later, when Zynga went public in 2011, it raised US$1 billion in financing, making it the largest IPO deal for an Internet company in the United States since Google went public.
When Zynga's market value was at its highest, it had reached more than 14 billion U.S. dollars.
In such a great company, an opportunity to pick up the slack suddenly came to him. How could Ma Liang be willing to miss it?
He quickly replied to Jennifer by email, letting her take full responsibility for the financing negotiations with Mark Pincus and finalizing the angel round investment for Presidio Media.
There is no need to ask for instructions if the amount is less than 3 million U.S. dollars, she can directly sign the investment agreement.
Because there is a time difference of more than ten hours between China and the United States, while Ma Liang was writing emails, Jennifer had just returned to the room and was sorting information in front of her laptop.
In addition to going to Twitter today to discuss Pre-A round financing and meeting Mark Pincus, she also made appointments with three other founders.
These people have all communicated on the phone before, so the conversation was very efficient.
It seemed that the schedule was very intensive, but in fact it was just fine. Jennifer didn't feel too tired.
Compared with the investment managers who work at the grassroots level in the venture capital circle, she is much more relaxed.
You must know that when investment managers are collecting projects, they may have to meet with more than ten or twenty founders a day.
Jennifer packed up all the project information and sent it out, and didn't even notice that Ma Liang had replied with an email.
At the same time, Ma Liang also received the information she sent and immediately started checking it again.
Seeing that it didn't matter, he almost jumped with joy.
If Jennifer was around, Ma Liang would even ignore the taboo of sexual harassment in the workplace and directly hug her and kiss her a few times.
Because among the several projects listed in the information, there was one he had heard of.
Dropbox is also a unicorn company in the future. Although it is not as good as Zynga, it is not far behind. It is also a project worthy of investment.
2007 is indeed called the best year for entrepreneurship by the venture capital circle. Within twenty years, this year has been the year with the largest number of unicorn companies born.
It's a pity that Ma Liang was not in the venture capital circle in his previous life.
Although he has heard of many unicorn companies, he does not remember the specific time when those companies were founded, let alone where to find the founders.
Only a well-known entity like Twitter can make a deep impression.
I have to say that Jennifer, this blond and blue-eyed beauty, is really the right CEO. Her contacts in the financial and venture capital circles have played a huge role.
Otherwise, Ma Liang would never have encountered the Zynga and Dropbox projects, let alone missed them.
Looking at the project information in the email, he couldn't wait to write the email any longer and called Jennifer directly.
“BOSS, if you have anything to do, can’t we wait until tomorrow?
I just took off my clothes and was lying in the bathtub ready to take a bath." Jennifer was also tired today, and her voice had a hint of laziness.
As soon as Ma Liang heard this, a fragrant picture suddenly appeared in his mind.
He shook his head hurriedly, forcing Jennifer's hot body out of his mind to avoid distracting his thoughts.
Then he ordered calmly: "Don't say anything yet, listen to me!"
"OK, no problem, you are the BOSS, you have the final say, hahahaha." Jennifer was even more happy when she heard that the young BOSS's voice was a little hasty when she was teasing her.
Ma Liangqiang calmed down and responded angrily: "Presidio Media will do what I said in the email.
There is another project, Dropbox, that must be submitted to me as well.
As long as these two projects can get angel round investment, I will mark your success and the bonus at the end of the year will definitely satisfy you."
"BOSS, are you sure?" Jennifer hadn't had time to check the email he replied, "That guy Mark Pincus wants to create a 1:70 voting rights structure!"
Ma Liang replied nonchalantly: "It's okay, just promise him."
As for Zynga, he doesn't plan to hold it for a long time like Twitter. He can sell it and cash out when the market value is high enough.
Anyway, Mark Pincus was scared of capital before, so he was very arbitrary when running Zynga, and he was even more ruthless than a horse.
Zynga later failed to break through its development bottleneck. After its peak, it began to decline rapidly, and was eventually acquired by Take-Two.
So he doesn't care about voting rights at all, he just wants to make a lot of money from Zynga.
"Okay, you are the BOSS, and your will is my execution guideline." Jennifer agreed happily.
The boss, Ma Liang, didn't mind, so why should she persist and be happy to sell favors to that guy Mark Pincus?
As for the Dropbox project, it is even simpler. The founder has just come up with an idea, and even the product prototype is still under development, so it is much easier to talk about it.
Ma Liang quickly hung up the phone, he couldn't help but marvel at Jennifer as a lucky person.
After all, without the other party's network resources, I would have no chance to easily pick up the leak again.
The next day, Jennifer took action. She first made an appointment with Houston, the founder of Dropbox, and easily negotiated an angel round of investment.
[Dafeng Capital] invested 1 million US dollars and took 20% of the shares of Dropbox. Both parties were happy.
Houston, the founder of Dropbox, is still very proud. After all, the product has not been fully developed yet, and he has raised 1 million US dollars based on just one idea, which is enough to boast about for a lifetime.
After winning a less difficult project first, Jennifer devoted all her energy to negotiations with Mark Pincus.
The conversation lasted for two or three days, with no end to the stalemate.
Because Mark was cheated by capital, he is very defensive.
Moreover, he is also a successful angel investor, so it is definitely not as easy as Houston, the founder of Dropbox, to conquer.
Jennifer spent countless words but could not convince the other party to accept the exclusive investment from [Dale Capital].
Mark Pincus killed the angel round of financing and had to introduce another investment institution.
In the end, Jennifer had no choice but to accept the same amount of one million US dollars, but only obtained 5% of Zynga's shares.
Despite the small number of shares, this is already the best result she can strive for.
After all, Mark Pincus is also a doctor after a long illness. As a veteran entrepreneur, he is very attached to shares. The angel round is only willing to sell 10% of the shares, and the valuation is not low.
Whoever is an angel investor in Facebook is definitely qualified to offer a high price.
The next day, Jennifer signed an investment term sheet with the two founders, locking in the investment amount before the formal investment agreement was signed.
What she didn't know was that these two investments were about to become career highlights.
Investing these two million US dollars is a big deal.
Even though America Capital is extremely developed, most of the angel round investments are 100,000 and 200,000 US dollars.
Investing two million US dollars in one day will be a good story in the future.
Coupled with yesterday's quick-thinking deeds of two million US dollars at Twitter, which were also exposed a few years later, Jennifer finally got her wish in the venture capital circle and gained her own name - "Million Girl".
Chapter completed!