Chapter 1369 – Persuading Zuckerberg
Zuckerberg started ranting off about his website and ideas. He was so excited until he didn’t notice his saliva was flying across.
Kameda Masao interrupted Zuckerberg. “Mr. Zuckerberg, I had told you that China has a Chinese Web, which is similar to your ideas. It was set up around a year and had more than 10 million registered users. The number of users is still increasing.”
Zuckerberg’s smile froze. How can he forget about this? That means his ideas are not new and might even be misunderstood as copying others.
Feng Yu waved his hand to stop Kameda Masao and turns to Zuckerberg. “It’s alright. You can continue.”
Zuckerberg continued to talk about the future and ideas of his website. But he had slowed down significantly and was not as excited as before. He seems like he had taken a serious blow.
After Zuckerberg finished, he looks at Feng Yu weakly, hoping to see an approval look on his face. Feng Yu is very calm, and it’s like listening to his subordinates reporting their work to him.
“Is that it?”
“These are all the ideas I have now. But I guarantee I can come up with more ideas to make this website make more money. Also, we can get listed. Internet and Tech companies’ share prices and the US market are recovering. We can surely make a grand profit.”
Kameda Masao sneered. “Are you sharing your experiences of doing business with us?”
Zuckerberg kept quiet. He doesn’t have any experience and only knows about theory. These two people in front of him are world-renowned businessmen. What he said is a joke to them.
Feng Yu calmly asked. “What are the terms you want?”
Zuckerberg looks at Feng Yu in shock. Mr. Feng is asking him to name his terms. Does this mean there is still room for negotiations?
Zuckerberg had wanted 25% of the shares. Still, after he knows his website is not the only one in the world, and the other party had already developed a similar website, he lowered his demands.
“Can I have 15% of the shares?”
“Are you joking? We are planning to invest at least 100 million USD, and you are asking for 15 million? Tell me, why do you think you are worth so much? You are not irreplaceable, and you have not graduated. There are many more software developers out there better than you. We can also set up a new website and hire some software developers to write the codes, and it doesn’t even cost 5 million USD!” Kameda Masao said sarcastically.
“But my website is famous now,” Zuckerberg argued.
“It is only within Harvard campus, and this is considered famous?!”
“No. It’s not only in Harvard. It is also popular in many schools.”
“They only know a Harvard student had created a website to rate women and refused to apologize for it. Maybe you are famous as a joke.” Kameda Masao said.
Feng Yu puts down his coffee slowly. He still cannot get used to drinking coffee.
“Enough, Kameda. Zuckerberg, the situation is like this. You can get others to invest in your website, but you are still inexperienced with website investment. I dare to tell you that if you get others to invest and compete with me, you will lose! But I am interested in your website as we intend to enter the North American market. That’s why we are going to invest at least 100 million USD in your website.”
“Do you still think your skills and ideas are worth 15% of the shares? From what I know, you are not the only creator of Facebook. Eduardo and a few others are co-founders. Do you think they will refuse our recruitment?”
Zuckerberg’s face changed. Feng Yu is right. He is not the only founder of Facebook, and if the rest join Feng Yu, this website will stop operations. Who can resist the World’s Richest Man’s offer?
“I can take out 15%, but it is not for you. It is for your team, and I don’t care how you all divide it. My only condition is all the founders must not leave the team and must continue to develop Facebook.”
15% of 100 million USD might seem a lot, but internet companies spend lots of money. Facebook requires more than a few hundred million or even billions worths of investment in the future. Zuckerberg and his teams’ shares will be diluted when it happens.
In Feng Yu’s previous life, Zuckerberg had treated his co-founders this way. He idolized Bill Gates and followed his actions by letting everyone knows Facebook belongs to him.
“Mr. Feng, 15% shares will be worth nothing after a few rounds of investment,” Zuckerberg replied.
“The 15% shares are voting shares, and it will not be diluted. This is my promise to you all, and these shares will guarantee your status in the company. Unless you all are willing to give up, I will not forcefully acquire your shares. As the founders, shares will be included as bonuses on top of your salaries. If you all can make significant contributions, your proportion of shares might still increase.”
The proportion of the shares can still increase? Is this possible?
Kameda Masao saw Zuckerberg’s disbelief look and said. “My proportion of shares in Wind and Rain Holdings had increased, and it’s not only me. The Deputy President and other top executives also have more shares now. You don’t need to worry about not getting a reward if you work hard under Boss.”
The proportion of shares does not include voting shares, and Kameda Masao’s increase is small. But it’s worth a lot. No matter how many shares Feng Yu gave out, he will still have the company’s overall control.
“Mr. Feng, I need to discuss with the rest, but I still have one more request. Can the founders of Facebook be the top executives of the company?”
Kameda Masao has a disdainful look. Which one of you has experience in managing a company?
But Feng Yu replied. “I can even let you be the CEO if you all performed well!”
