Chapter 738

"Ehrlich, we came with sincerity. If it's convenient, you can call Richard too. We'd like to talk to him!"

In the reception room of "Innovation workshop" in Silicon Valley, investors of Sequoia Capital crossed their legs in front of him, said Ehrlich.

Ehrlich is a famous Hun in Silicon Valley. The three investors of Sequoia Capital don't want to face him alone.

Ehrlich smiled contemptuously and said:

"Remember, Goetz, I called you to invest in Kiki a few years ago. What did you say? You said you would give me $30 for coffee!"

Well, gortz, the Sequoia investor who was uncovered, was speechless for a moment. When Momo went online Kiki a few years ago and nobody paid attention to it overnight, he did say this to Ehrlich on the phone, but he didn't expect this guy to be so small-minded and remember such small things.

Speaking of it, missing Kiki is also something Goetz regretted. He had known that Kiki would transform into a stranger of the same sex later. At the beginning, he would definitely invest in Kiki firmly.

"Ehrlich, let the past pass. Now you are a famous angel investor and billionaire in Silicon Valley. There is no need to cling to the little things of the past.

Business is business. If reels is willing to accept Sequoia investment in this round B financing, reels may have the opportunity to become a $100 billion project.

I think you should have heard that Fang zhe tiktok has long predicted that the same type of jitter with Reels will be a billion dollar project in the future. Neither you nor Richard should miss this opportunity.

Goetz continued to try to convince Ehrlich.

"As you said, even Fang Zhe, the world's richest man, said that short video applications such as reels could reach $100 billion. What is the valuation of Sequoia in this round of financing?" Ehrlich asked.

"Four billion dollars!" Goetz gave the answer.

Ehrlich raised his eyebrows and flashed a happy look on his face, which has doubled the valuation of reels $2 billion half a month ago. Hongshan is worthy of being a top venture capital company in Silicon Valley and even the world.

However, Ehrlich is still not satisfied with this offer.

"Gotz, you and Sequoia really let me down. You only give a valuation of $4 billion for a $100 billion project. Are you sending beggars away?"

Gotts frowned. The $4 billion offer is very high. After all, this is round B financing. If the valuation of round B is higher, how high should round C and round d be?

"Ehrlich, why don't you call Richard over and you two discuss it? Maybe Richard will have different opinions!"

"Has the final say, I have said many times, I am Richard and their whole team and the financing director of the Reels project. Not only they, but any project team of the entire Innovation workshop, I have the final say, I do not want to emphasize second times, do you understand?"

Ehrlich's face was not good and he started a fire. A few years ago, Mary's little bitch bypassed herself and contacted Richard. She almost sold Kiki at a low price without her knowledge. He would never allow the same thing to happen again.

Ehrlich was angry, and Gotz's face became ugly. As a senior partner of Sequoia and one of the top investors in Silicon Valley, he always gave others a face, and no one dared to give him a face.

"Let's go!" Goetz stood up and walked out of the reception room without looking back. Two accompanying Sequoia investors beside him hurriedly got up and caught up. One of them walked to the door, paused, turned around and said to Ehrlich:

"Ehrlich, we have been thinking about calling us. The voice of Fang Zhe and Hui Zhong has launched a bugle call around the world. Reels tiktok is not going to be too good for the future. I hope Reels will be on your hands, and don't become a broken man."

"F * * k, get out!" Ehrlich scolded angrily.

......

At 3:00 p.m., the conference room of reels company. Since the expansion of reels, Richard team and the whole company have moved out of the office building of Innovation workshop and rented a whole 5-storey office building next door!

Although reels now has less than 1000 employees and it is more than enough to rent a building, Ehrlich and Richard are confident that reels' employees will soon fill the whole office building, and even they have begun to consider spending a lot of money to build a new and elegant office building!

When Ehrlich stepped into the conference room, the conference room was already full of people. In addition to Richard, most of the conference rooms were executives recruited by reels for rapid expansion in the past year, as well as two, Jared and Starr, the old people who withdrew from Kiki with Richard.

"Ehrlich, you're late!" Richard, the Lord, said discontentedly.

"It's not the first time!" Ehrlich responded indifferently.

All the executives had wonderful expressions and hung up like they had nothing to do with themselves!

"Let's start!" Richard suppressed his discontent.

"Tiktok, a short video application from China, has been widely promoted in the United States, Canada and many overseas countries and regions last month. With the help of the ice bucket challenge some time ago, tiktok has gained considerable popularity in just half a month.

At present, tiktok ranks among the top 20 app stores in the United States, Canada, South Korea and other countries. According to the calculation of our data Department, their download registration volume in half a month is at least more than 10 million!

Tiktok, tiktok, is known as the "Chinese jitter". As I know, it is called the jitter, which is a short video project of a new company founded by founder of the world's largest fortune, founder of Fang Hui and his wife Feng Xue.

Tiktok began to rise in China last summer, until recently, its global version tiktok began to be widely promoted worldwide.

As an application of the same type as ours, tiktok is our biggest competitor now and in the future.

The purpose of our meeting today is to hope that everyone can work together and think about how we can compete with tiktok? "

Richard threw out the theme of the meeting.

After Richard finished speaking, the executives present looked at each other. They could feel a pressure from Richard's tone, a pressure from tiktok and the Big Mac behind it.

The competition between reels and tiktok is almost equal to the competition between reels and tiktok + Huizhong. In front of Huizhong, how can reels have the courage to challenge?

Maybe it's time to embrace a thigh level Internet company that can compete with Huizhong like tiktok!

While many executives were thinking, an executive who was recently recruited into the reels senior management team with high salary and didn't know much about the early development of reels suddenly said:

"I think, first of all, we can prove that tiktok plagiarizes! First, we can use litigation and law to slow down the promotion of tiktok!"