My Age of Investment

the next day.

Andrew and Xia Jingxing came to the hotel restaurant for breakfast.

Andrew chewed his sandwich and said: "After returning to the hotel last night, I checked Kazza on the Internet. The six of them are really capable of doing things. Hollywood studios and several major record companies have not given up their lawsuits until now. .

Do you really want to invest in their VoIP company?

I tell you, you have to think about it.

Although there is no copyright infringement this time, will telecom companies in various countries tolerate such a large piece of cake being cut away?

Telecom companies in various countries are behemoths, and if they sue Skype, you, as a shareholder, will suffer as well.

Moreover, once the telco launches its own Internet calling software, it will definitely pose a threat to Skype..."

Andrew went back to playing, but he still had professional ethics and gave Xia Jingxing advice.

Xia Jingxing took a sip of milk and said lightly, "I believe they have gone through so many hardships and setbacks, and they will definitely learn a lesson from this venture."

Andrew spread his hands, "Okay, you've always been very thoughtful, and you often see points that we can't see. I won't advise you again, just make up your own mind, and let me review the investment terms."

…………

…………

The two took a taxi and arrived at the apartment building where the Scape entrepreneurial team was located.

After entering the house, Xia Jingxing saw a white man in his thirties sitting on the sofa.

"Hello, let me introduce myself, I'm Howard Hartenbaum, a partner at DFJ Investments."

Howard stood up and handed out his right hand to Xia Jingxing with a smile on his face.

Xia Jingxing hadn't figured out the situation yet, why did De Fengjie's people also come?

Before he could ask more, he shook hands with Howard as usual, "Just call me Darren, an unknown angel investor."

"I'm Darren's personal attorney, Andrew."

Andrew also shook hands with the other party and announced his name.

"What's the situation? Haven't heard of calling a bunch of investors to talk?"

Xia Jingxing was inconvenient to speak, and Andrew directly attacked the Entrepreneurial Group of Six.

This kind of trick is a bit criticized in the industry. Calling investors together to bid against each other is not just to make a fool of the investors?

If the company and project are powerful enough, investors can tolerate it.

But the Skype team is obviously not strong enough right now, and they still have countless lawsuits on their backs. Aren't they afraid of taking away the investment popularity?

Nicholas' face was ugly, and the other four also turned their heads to the side, but Jonas smiled and said: "In addition to the constant contact with Darren, Mr. Tim Draper of Defengge has always been very optimistic. P2P technology and follow the development of Scale.”

"That's right!"

Howard replied, "Mr. Draper has been paying attention to the development of P2P technology a few years ago. After knowing that the Kazaa founding team has made a new software and there is a need for financing, he sent me to Estonia as soon as possible."

He looked at Andrew and said with a smile: "Also, even the letter of intent for investment has not been signed, so naturally there is no exclusive clause."

He shrugged, "Actually when I came, they could totally reject you.

It was Mr. Nicholas who said that you should be given a chance, otherwise you would not even be qualified to stand here. "

Andrew was a little angry, this Howard seemed polite, but spoke with a gun and a stick.

Xia Jingxing held down the "ready to move" Andrew, Howard was just angering them, but he obviously wouldn't be fooled.

He smiled and said, "Okay, even the famous De Fengjie has taken a fancy to Skype, and I am even more interested in this project."

Howard glanced at Xia Jingxing and was quite calm.

In fact, he just wanted to provoke the two of them, and it was better for them to quarrel with the founding team of Scape and slam the door.

In this way, his goal has been achieved. One institution has exclusive investment opportunities, and no other institutions have bid.

But the Asian young man was clearly not in the game.

But it doesn't matter, De Fengjie is not afraid of competition, let alone an angel investor who came out of nowhere, or an Asian, do you know venture capital?

"Daren, I don't mean anything else."

Nicholas said, "Although DFJ is a very well-known investment institution, we will still treat it equally."

Xia Jingxing nodded and smiled, only fools believe your nonsense.

He remembered last night that Jonas interrupted his inquiry and dragged everyone to the bar. It turned out that he was waiting for De Fengjie's arrival.

Well done abacus!

"Daren, depending on your age, you should only be investing not long ago, right?"

Howard was not in a hurry to talk about Scape, and began to spend time with Xia Jingxing.

"Yes, unlike Mr. Draper, the VC family!"

Xia Jingxing knew the details of De Fengjie very well, and even the family legend of the founder Tim Draper.

In 1957, William Henry Draper, the grandfather of the founder of Defengjie, stepped down from his post as deputy secretary of the U.S. Army and established the first venture capital firm Draper Gaither \u0026 Anderson on the West Coast.

Created the basic rules of today's VC with several partners, including management fees and project share after the invested company exits.

Tim Draper's father, Bill Draper, started his investment career in the company founded by William, and established his own business in 1962, respectively establishing two venture capital firms, Draper \u0026 Johnson and Sutter Hill.

During Bill Draper's investment career, he also left the venture capital world for a while to serve as chairman and president of the Export-Import Bank of the United States and administrator of the United Nations Development Program.

As soon as Tim Draper debuted, he had the aura of the third generation of officials and the third generation of venture capitalists.

The investment has also been very successful, China's Baidu, Focus Media, Kongwang...

Hotmail mailboxes in the United States, Skype, Tesla, SpaceX, Twitter, Yahoo...

In the future, he will become one of the iconic figures in the bitcoin space. After nearly 30,000 BTC was sold in the first auction conducted by the US Federal Law Enforcement Service in 2014, Draper correctly predicted that the price of bitcoin could soar to Ten thousand dollars.

Such an investment tycoon also took aim at Scape.

Is Xia Jingxing under pressure?

There must be pressure, but he still pretended to be indifferent on his face, and even took the initiative to mention it, saying that he knew that De Fengjie had a great background.

This is to show his investment determination, De Fengjie does not want to overwhelm others.

Howard smiled, "It seems that you know our De Fengjie very well, Darren!"

"Then I'll just say it straight. It's not just about having money to be a VC. Besides, what can you bring to the business?"

Howard put away his smile and stared at Xia Jingxing's eyes very oppressively.

The six founders of Scale also all looked at Xia Jingxing.

"I am also the founder of a start-up company, and the company is doing well. It has already had 5 million users within a year of its launch."

Howard asked with interest: "Can I ask which website it is?"

"Facebook!"

Howard remembered, "So that Chinese student is you?"

"Hahaha~, it seems that Mr. Howard has heard of me too."

Howard nodded and admitted, "Facebook is doing well, but it's just not bad.

Do you think the experience you gained during your Facebook startup could help Scape? "

Xia Jingxing looked at each other without showing weakness, "Why not? Two companies, one for social networking and the other for online calls, we can establish a strategic partnership.

What can Defengjie do? Are you helping to publish a few PR articles? Or a few press conferences? "

Xia Jingxing's remarks directly pointed out the methods commonly used by VCs, and this is precisely the "pain point" of Scale, which is different from other companies.

Other startups can be as high-profile as they can be.

And Scape, can't wait to move the company to outer space.

Start a low-key business and avoid tragedy!