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Lin Fan had thought about setting up a fund before to collect the copyrights of movies and TV series, and it happened to be implemented at the same time.
The matter was settled and the desired goal was achieved. Ouyang Changlin and Wang Peng did not stay long. They exchanged business cards with Lin Fan and agreed to follow-up contact before leaving.
After the others left, Lin Fan glanced at Yang Haoyong, who was stunned, and cursed with a smile: "What are you looking at?"
Yang Haoyong originally thought that Lin Fan was going to scold him, but it turned out that he didn't, and he felt a little uncomfortable.
Although he was the founder of Ganji.com, he was unable to deal with the consequences after he stabbed Lou Zi. In the end, Lin Fan, an investor, came to wipe his ass.
This made him doubt his ability and became a little discouraged.
Lin Fan saw Yang Haoyong's listless look and cheered him up: "When you turn Ganji.com into a billion-dollar company and a listed company, they won't look down on you like this.
If you think about it a little bit, I can't blame you entirely for this, I can only blame...the enemy is too cunning."
Seeing that Lin Fan really didn't mean to blame, Yang Haoyong finally felt better.
"Mr. Lin, do you really want Lin Capital to cooperate with Hunan TV? Do you also want Tudou to buy the Internet copyright of their programs?"
Wang Wei didn't interrupt just now, mainly because he was concerned about Lin Fan's face.
Now that Ouyang Changlin has also left, he finally can't bear it anymore.
Lin Fan could clearly feel which of Wang Wei's toes was moving.
Listening to what the other party said, how could you not know the other party's little calculations?
"Although the country does not currently control piracy, in the future, for the sake of international reputation, in order to standardize the order of the industry and allow the industry to achieve better development, it will inevitably be controlled."
Lin Fan's words made Wang Wei somewhat disapproving. When he was working at Bertelsmann, he knew how deep the water in the country was.
Bertelsmann is engaged in media, publishing and book business. What he saw and heard in China was simply shocking.
Piracy seems to have created an industrial chain, and has also spawned interest groups.
Want to eradicate it? Easier said than done!
Even if the state takes action, it will mostly scratch the itch and cannot get rid of the root cause.
"Mr. Lin, Tudou currently has limited funds on its books. Even if it completes the A round of financing, bandwidth expenses and daily operating expenses are not a small amount of money.
As for online copyrights, it is definitely no problem to buy two movies, TV series, and variety shows.
But if you want to buy more, the cost is not a small amount.
The most important thing is that if our competitors don’t spend money on this, they can still obtain the same resources as us.”
Wang Wei sighed, "It's not that I'm stingy, but from the perspective of industry competition, doing this is not good for us.
As one goes and the other goes, our lead may be wiped out.”
Lin Fan nodded. What Wang Wei said was true. The reason why China did not have YouTube was because in the early days of online video, pirated videos were everywhere. There was no need to spend money on it. Industry players were more willing to work on Netflix.
Even if I insisted on being a potato of UGC, I couldn’t hold on anymore and started to purchase various online copyrights to maintain its appeal to users.
This does not mean that UGC cannot attract users. It needs to endure, burn money for a long time, and pay UP owners. Station B is a successful example.
Yang Haoyong glanced at Wang Wei apologetically and said, "Old Wang, if it really doesn't work, forget it. If they want to cause trouble for Ganji.com, let them do it."
Wang Wei felt that he was looked down upon and defended: "Haoyong, it's not that I don't want to help you, but we are in trouble now."
Yang Haoyong nodded, "I understand, I understand too."
Wang Wei always felt that the other party still didn't quite understand his difficulties. He wanted to explain a little more, but Lin Fan stopped him with a wave of his hand.
"Okay, okay, let's not talk about this anymore. All copyright expenses will be paid by Lin Capital."
Upon hearing this, the two of them looked at Lin Fan in surprise.
Lin Fan didn't look at the two expressive people and said to himself: "Lin Capital will set up a copyright fund specifically to buy copyrights. All the film and television copyrights obtained will be rented to Tudou for free... Well, for two years,
Three years.”
Since he can't make any money from collecting copyrights now, Lin Fan thinks it's okay to give it to Tudou for free for a limited period. Besides, he still owns one-third of the shares in Tudou.
Hearing Lin Fan being so arrogant, Wang Wei had nothing to say.
Yang Haoyong only felt that Lin Fan was too kind to him and was a bit unrequited.
After the matter was over, after a night's rest in Star City, Lin Fan, Yang Haoyong, and Zhang Chenguang went straight to the airport early the next morning.
Tudou.com was in Shanghai, and Wang Wei drove back by himself.
After getting off the plane and exiting the airport, Lin Fan saw Rao Lei and Liu Jian who came to greet him.
Rao Lei looked at Lin Fan with emotion and joy on his face, "He's back after all!"
"It's not easy to get along abroad, so I just have to go back to China!"
Lin Fan shook hands with Liu Jian again, glanced at Xun Raolei, and said jokingly.
Rao Lei coughed twice and said with a smile: "Why do I feel that you are caring about both of us?
We couldn't survive abroad, so we ran back to China, but now we can hardly survive in China, and I really don't know what else to do.
Lao Liu, do you think so?"
Liu Jian sighed, "Isn't that right? I always thought that starting a business was an easy thing. Only when you try it yourself will you realize how difficult it is."
Lin Fan smiled, did not follow the topic and introduced Yang Haoyong and Zhang Chenguang behind him.
Zhang Chenguang didn't talk much, and he knew that he couldn't talk to these bosses together. After shaking hands, he stood aside and said no more.
Yang Haoyong also started his own business and studied abroad, so he had something to talk about with the two of them.
"Oh, Haoyong, it turns out that you founded the Ganji website?"
Liu Jian suddenly realized it, and then laughed "haha", "There are advertisements for Ganji.com posted everywhere in our community. It says that renting a house, buying second-hand goods, and making friends should all come to Ganji.com."
He gave a thumbs up and said, "The advertising is good and the website is also very innovative."
Yang Haoyong scratched his head, "They are all stupid methods that made the two eldest brothers laugh."
"No no!"
Liu Jian waved his hands repeatedly, "On the contrary, I feel that if you can work hard to promote it, you will definitely become something great in the future."
After exchanging a few words, everyone got into an Audi together.
The car belonged to Liu Jian, and he acted as the driver, carrying a car full of people to Zhongguancun.
Zhang Chenguang was sitting in the passenger seat, and Liu Jian, who was sitting in the back seat, was talking to Lin Fan and Yang Haoyong, who were sitting on the left and right.
"Mr. Lin, it's a bit crowded. Don't be surprised. I mainly wanted to chat with you in the car and give you a work report."
Lin Fan was not a person who cared about ostentation, so he nodded, "This is good, it doesn't waste time, but don't talk about reporting on work, it's out of sight!"
Rao Lei smiled, chatted for a while, and then quickly got to the point: "Youyoumi is now in a growth dilemma. The user growth has been stuck at more than one million, unable to break through two million, and active users are still being lost.
.
Liu Jian and I have reflected on this problem and found that not only us, but also Yiyou, Heiyou... a large group of SNS social networking sites established at the same time have fallen into the same problem.
It’s possible that China’s SNS concept is immature and has been copied mechanically from Silicon Valley, resulting in acclimatization.”
Lin Fan had expected this outcome and was not surprised at all, and asked calmly: "Then what are you going to do now?
Kristina called me early this morning and said that you had something important to discuss."
Rao Lei's eyes met with Liu Jian's, who was looking at the rearview mirror, and he couldn't hide the loneliness in his eyes, and said quietly: "We want to sell Youyoumi!"
Now even Yang Haoyong, who was sitting next to him, couldn't help but take a curious look. Just now he had been pretending to be looking at the scenery outside the window, but now he was not in the mood to look any further.
Facebook invested in Youyoumi at the beginning of last year. At that time, he was still the director of Facebook's network security department, and he also knew about such a thing.
Including him, all the middle and senior management of the company knew that Facebook had planted a chess piece in China.
Now that the chess pieces are for sale, what will Facebook do?
Yang Haoyong looked at Lin Fan curiously, and Rao Lei did the same.
"Facebook currently has full coverage of North America and Europe, with Oceania, South America and Africa having lower priority.
The current focus is on Asia, the Indian market has already entered, and the next step is Japan, South Korea, Hong Kong, Macao and Taiwan, but the mainland will not enter!"
Hearing Lin Fan speak so decisively, Rao Lei frowned. Even Liu Jian, regardless of traffic safety, quickly turned around and glanced back, then quickly looked away.
"Why?"
Rao Lei spread his hands and said with a puzzled look on his face: "You have returned to China now, why don't you bring Facebook to China?
Youyoumi's technology is not good enough, its ideas are not innovative enough, and its funding is expensive.
Facebook is different. When you enter the Chinese market, I believe no SNS social networking site is your rival."
Lin Fan was silent for a moment. There were many reasons for this that cannot be explained to outsiders.
Facebook has already colluded with the government. How can it still enter the Chinese market and grasp citizens’ data?
The Rabbit Government is unwilling, and he does not want to push this matter forward.
If something goes wrong in the future, he cannot bear the responsibility and will cause the collapse of his domestic business.
"As you said, Facebook also has its own considerations. At present, domestic netizens do not approve of the social network model.
xiaoshuting.org
What's more, Penguin has also launched QQ Space. With its huge user base, the blow they have brought to small and medium-sized entrepreneurial SNS websites is disastrous."
Rao Lei carefully thought about what he said, and there is some truth in it. When comparing the number of users, who can beat QQ.
Now Penguin is also interested in this piece of cake, and it has a favorable geographical location. Facebook does not want to join in the fight and invest more resources in countries that let them run wild. This cannot be said to be a wrong choice.
After thinking about it, he stopped asking too much and said seriously: "If this is the case, Youyoumi cannot merge into Facebook as agreed before."
Lin Fan nodded. He had said this before, but he always said it as a joke and didn't take it seriously.
Rao Lei added: "Chen Yizhou is somewhat interested in Youyoumi, but the price he offered is not high."
Lin Fan asked: "I remember they came looking for you at the beginning of the year."
"right!"
Rao Lei explained: "At that time, Youyou could not find one million users, so Chen Yizhou offered a purchase price of US$5 million.
At that time, we felt that the price was too low, and we could not explain it to you, the investing shareholders.
After investing in us for a year, you can't let your work go in vain, right?
Therefore, although Youyoumi was a bit stuck in a growth problem at that time, we still gritted our teeth and persisted, hoping to see if we could create some miracles.
Another half year has passed. Although the number of users has doubled, it has not achieved that kind of exponential growth. The growth momentum is very slow.
At present, there is not much money in the company's account, the industry is gradually declining, and capital has become more conservative, making financing difficult.
I discussed it with Lao Liu and decided to sell it while the company can still maintain a certain market share in social networking sites.
Find a good home and sell it at a good price. This will give you an explanation to your shareholders, and it will also help your employees who work hard to keep their jobs and avoid losing their jobs.
If Facebook has no idea of entering the Chinese market, after much deliberation, only Thousand Oaks Group is the most suitable.
Chen Yizhou came to us many times, but we never let go.
Because what I always remember is that you said Facebook needs a springboard to enter China."
Lin Fan understood, nodded and smiled: "I accept your offer, but Facebook has already decided that it will not consider the Chinese market for a few years."
"Okay, let's have a good talk with Chen Yizhou and try to negotiate a good price."
Rao Lei smiled reluctantly, "Of course, because Youyoumi doesn't have many users and the industry is gradually getting colder, no matter how high the acquisition price is, it won't be much higher.
You have to be mentally prepared, you are bound to not make a lot of money with this investment.
Here, I would like to apologize to you first for letting you down."
Lin Fan waved his hand, shook his head and said, "What are you saying? You are exaggerating."
Seeing that Lin Fan really had no grudges, Rao Lei stopped being pretentious and started talking about something off-topic.
While chatting, the car arrived at Zhongguancun where Youyoumi Company is located.
Yang Haoyong did not accompany him to visit Youyoumi. After arriving at the place, he got off the car and went back to Tsinghua Science and Technology Park alone. The office of Ganji.com was over there, not far away.
Lin Fan and Zhang Chenguang, led by Rao and Liu, went to Youyoumi's office again.
In Youyoumi's conference room, Lin Fan and several Facebook employees, Breyer and several Axel employees, as well as Rao Lei and Liu Jian were sitting on one side.
Sitting on the other side was a young man in his thirties who wore glasses and smiled like a Maitreya Buddha.
Beside the man, there were also several followers.
This is what the red-coated cannon calls "the smartest person in Hubei Province", also known as the King of Scams, a famous domain name hoarder, an expert in app store rankings, an uncrowned Silicon Valley synchronization assistant, and a stock trading expert.
Red Cannon once said, "The smartest person in Hubei Province is undoubtedly Chen Yizhou, the second is Lei Jun, and the third is himself."
Chen Yizhou glanced at the people on the opposite side and thought, "Isn't this just a small merger with so many people?"
He hid the question in his heart and said with a dull smile: "Today all the shareholders of Youyoumi are here, so let's just start talking?"
As the CEO of Youyoumi, Liu Jian took over the conversation and said: "Okay, let's get started!"
Lin Fan and Braye looked at their noses, noses and hearts, resting on the sidelines without interrupting.
Chen Yizhou took an information report handed over by his entourage and said: "Currently Youyoumi has 1.8 million registered users, but the number of daily visitors is less than 300,000. This level of activity is not high enough!"
Liu Jian smiled slightly, "Mr. Chen, you haven't seen the proportion of active users of several other SNS websites. We still have one-sixth, and many other websites have less than one-tenth or one-twentieth."
."
Chen Yizhou pursed his lips, with a calm expression, and said slowly: "Everyone should be well aware of the current situation of domestic SNS. It is a bit unsustainable.
Thousand Oaks entered the game at this time and took a lot of risks.
We have been in contact for almost half a year, and we know each other well, so I won't be careless.
For six million U.S. dollars, we adopted an all-cash acquisition, paying it off in one lump sum, and we didn’t do any of those fancy things like installment payments.”
Liu Jian shook his head like a rattle, "This is too low. Our price in mind is US$10 million."
Chen Yizhou began to talk about the decline of the industry, various shortcomings of Youyoumi, and various risks after the acquisition.
In short, there is only one purpose, bargaining.
Although he had decided to sell the company, Liu Jian naturally wanted the price to be as high as possible, and he began to bargain back and forth with Chen Yizhou.
Since the two of them talked in English, they didn't worry that Breyer, a foreigner, wouldn't understand.
Chen Yizhou also studied abroad and speaks English fluently. Like Rao Lei and Liu Jian, he also attended Stanford University.
All three of them are MBAs from business schools.
Lin Fan felt sleepy after hearing that Youyoumi was selling it for 10 million US dollars, which was 4 million US dollars more than 6 million US dollars. Facebook only held 10% of the shares, so it could only share 400,000 US dollars.
His current stake in Facebook is very low. To be honest, with this little money, it is already difficult for him to be interested.
He might as well not interrupt and just be a quiet listener.
Breyer also had the same idea as Lin Fan. The main purpose of his trip was to invest, to make adjustments to Tudou.com and Youyoumi.
In fact, Breyer also accepted the fact in his heart. Youyoumi has almost proven to be a failure. It is enough to recover the cost. The pitiful profit can only be used as capital interest and cannot arouse much interest.
Although the two shareholders are not short of money and don't care about the price difference, Liu Jian still cares about it.
He and Chen Yizhou talked from morning to night, and finally came up with something.
"We are willing to pay $8 million!"
But Chen Yizhou added two more conditions, "US$4 million in cash and US$4 million in equity in Thousand Oaks Group."
Secondly, Mr. Liu and Mr. Rao, you two must join Thousand Oaks Group and continue to be responsible for Youyoumi’s business.”
While saying this, Chen Yizhou also glanced at Lin Fan, who was standing beside him.
He is very afraid of Lin Fan, and is most afraid of him introducing Facebook to China.
What puzzled him the most was that the other party actually agreed to sell Youyoumi to Thousand Oaks instead of letting Facebook take over.
Isn’t this giving me a great social network, Lao Chen?
After the price was quoted, the negotiation was temporarily suspended. Chen Yizhou and others left to avoid the situation. Rao Lei, Liu Jian, and Lin Fan and Breyer who stayed in the conference room began to discuss.
"I think the price is about the same, 8 million is 8 million, but according to the contract, our investors are preferred shares, and we want cash."
Breyer was very direct and pointed out that Axel wanted to withdraw in cash.
"No problem, all 4 million US dollars in cash will be allocated to Facebook and Axel first."
Liu Jian responded, and then he glanced at Rao Lei, who had been silent, "Lao Rao, Chen Yizhou wants us to join Thousand Oaks, what do you think?"
"I'm a little tired of starting a business and want to take a break!"
Rao Lei said with a smile: "Actually, you are the CEO and the one who is really in charge. Tell Chen Yizhou, can you join Thousand Oaks alone?
I know that you have been unwilling to let Youyoumi’s business end.
Join Thousand Oaks, get all their resources and support, and if you stick to it, nothing will turn around."
Liu Jian was silent for a while, nodded and said: "Okay, let's make it that way!"