Chapter 364 YouTube Angel Round

 This time when they came to Los Angeles, Barron brought Rebecca to their new home, which is another luxury house that Barron bought for Rebecca and her daughter in addition to the villa on Malibu Beach.

  This "mansion", which can already be called a manor, is located high up in Beverly Hills, a gated upscale community.

  The manor covers an area of ​​more than 15,000 square feet (about 1,400 square meters), with 8 bedrooms, including a baby room and an entertainment room, and 10 bathrooms...

  In addition to a gym and swimming pool, it also has a bar, library, home office, spa and screening room, and has state-of-the-art security and smart systems.

  There is also a wine cellar and tasting room with a collection of over 3,000 bottles of wine.

  The purchase of the entire manor and subsequent renovation cost $20 million, making it one of the most luxurious and complete manors in the community.

  As a "surprise gift" for Rebecca, she was indeed very satisfied and she happily took her daughter to visit their new home.

  In addition, for Rebecca, who will live in Los Angeles in the future, Barron also arranged a maid and two female bodyguards to protect her 24 hours a day and serve as her driver and assistant.

  Next, Rebecca will study film-related courses at the University of California, Los Angeles (UCLA).

  At the same time, Barron gave Rebecca a task, which was to collect a list of newly published novels every week and hand it over to Barron.

  Because he knew that the first Twilight novel, Twilight, was released in 2005, but now it was almost March and the novel had not yet appeared in the market.

  Although Barron knew in his previous life that the Twilight film series had very good box office performance, he was in the financial industry after all, so he didn't pay attention to the author of the novel or the specific publication time.

  But he couldn't just tell Rebecca the name of a novel that hadn't even appeared yet, "Twilight". That would be a bit too deliberate.

  This is the only way to pay attention to the publication of this novel and to get the film and television rights of this novel as soon as possible.

  …

  "I have already discussed with Steve about investing in YouTube, but it seems that there is nothing special about this website. Does it really have a future?"

  After settling Rebecca and her daughter in their estate in Beverly Hills, Barron went to San Francisco and met Ivanta.

  However, she still has some doubts about YouTube at this time.

  The YouTube website was launched on Valentine's Day this year, but it is not very popular until now. Compared with many other dating websites, it can even be said to be deserted. This is why Ivanta has such an opinion.

  The Steve she mentioned is Chinese-American Chen Shijun, one of the three founders of YouTube. The other two founders of the website are Chad Hurley and Judd Karim. All three are former employees of PAYPAL.

  Chen Shijun was not in a good situation at that time. He was unemployed and in debt before. It can be said that his entrepreneurship on YouTube used up the last savings of the three of them. Therefore, they had the idea of ​​raising funds from PayPal colleagues they had known before.

  The appearance of Ivanta with IC Capital made the three people overjoyed. After communicating with them, Ivanta also got the angel round financing conditions of investing 1 million US dollars and obtaining 30% shares of YouTube.

  The YouTube team is now in San Bruno, more than ten kilometers away from San Francisco. Because IC Capital recently invested in YouTube, Ivanta is here, which is also the reason why Barron came to San Francisco to meet her.

  "Don't worry, baby, YouTube is going to have a future."

  Barron consoled Ivanta and asked,

  "Is everything going well at DoubleClick?"

  "Not bad. Although our acquisition price was relatively high and some of the DoubleClick founding team objected to it, after communicating with them, we still got the board's approval and completed the acquisition of DoubleClick."  

  In 2007, in Baron's previous life, Google began its acquisition of DoubleClick, and their initial offer was $3.1 billion.

  At that time, after several years of recovery, DoubleClick regained a considerable share in the Internet advertising field and had arguably the largest and highest-quality corporate users.

  However, this acquisition was opposed by companies such as Microsoft and Yahoo. After continuous efforts, Google's acquisition was finally approved by antitrust review in the United States and the European Union.

  Their acquisition price also increased to US$3.24 billion.

  However, just as IC Capital promised the company's founding team when it acquired DoubleClick, after taking DoubleClick under its umbrella, they would still be in charge of the company and IC Capital would not interfere for a certain period of time.

  Of course, this also requires that the other party can produce revenue that satisfies IC Capital.

  If IC Capital was still unknown when it first invested in MySpace, and the most well-known one was Ivanta, who came from a well-known real estate family and had traffic, then after completing the acquisition of DoubleClick for nearly US$1.1 billion, IC Capital's strength began to be taken seriously.

  Some people speculated that IC Capital's funds came from the TP family, to which Ivanta belonged, but this speculation was denied by Ivanta and his father.

  Ivanta's father, who had just married his third wife, said in an interview:

  "No, I can say for sure that the only connection between IC Capital and TP Group is that its manager is my daughter... Yes, Ivanta is doing a great job. I believe in her ability. If possible, I will give her the greatest support. But you should see how good she is. This makes me proud. I have taught her all my secrets in the business world. She is the best!"

  In another interview, the person said:

  "Yes, her achievements are entirely due to her own efforts. I still remember that before she considered managing IC Capital, she once asked for my advice..."

  "I told her to go for it, dear, I believe in you. Now, it can be proven that she has done very well. Of course, it is undeniable that she is luckier than other people of the same age because I will teach her everything about the business world. I can only say that she fully understands those..."

  Back to the topic, the acquisition of DoubleClick did increase the persuasiveness of IC Capital. This was not only reflected in the acquisition of YouTube, but also had an impact on MySpace, in which they had previously invested.

  You know, after Woaw Technology completed its Series C financing, its valuation has exceeded US$3.5 billion. Many investment companies that saw the prospects of social networks but did not have the opportunity to invest in Woaw Technology have turned their attention to other similar companies.

  This includes MySpace, which has been developing well. After the last round of financing, IC Capital invested 10 million US dollars and acquired 40% of the shares of MySpace. Now, they are preparing for the next round of financing.

  Many venture capital companies are very positive about this. If we talk about the past, IC Capital did not have an advantage in this regard.

  At best, it could rely on the anti-dilution clauses of the original investment to maintain its stake in MySpace at 40%.

  With such a high shareholding ratio, MySpace's parent company Intermix Media is somewhat wary of it and is more willing to allow other venture capital companies to join in.

  But after completing the acquisition of DoubleClick, IC Capital has abundant resources in the Internet advertising business, which is very attractive to MySpace.

  Not only MySpace, but also its parent company Intermix Media has a great need for these resources.

  Under such circumstances, IC Capital used this as a condition and successfully continued to participate in MySpace's new round of financing. As the main investor, IC Capital invested US$30 million and acquired 15% of MySpace's shares.

  Combined with the diluted 40% stake IC Capital previously held in MySpace, IC Capital's stake in MySpace now stands at 49%!

  With this, they have become the single largest shareholder of MySpace.

  However, it is still less than the total shareholding of Intermix Media and the MySpace founding team.