Grab Facebook's investors: China saves a chance

What is called ups and downs, what is called Doom and then born? Jim Blaye (Jim Breyer) used his personal experience to make an interpretation. Jim Blaye, the chairman and partner of Axel, the US investment agency, has made his reputation as an investment in Facebook, which is now the 10-year mark of the IPO. In April 2005, Accel 12.7 million dollars to Facebook. It now holds a 10% stake, the second largest shareholder after Zuckerberg. Breyer personally invested 1 million dollars in Facebook in 2005, and now has a 1% stake in Facebook. In May this year, Facebook plans to land on the Nasdaq, which is expected to reach $10 billion trillion in financing, up to $100 billion trillion. In this calculation, Breyer personal shares on Facebook are worth 1 billion of dollars. The halo of this service, Breyer in 2011 and 2012, the "Forbes" Midas List of the best investors in the technical field, "Fortune" magazine, "one of the smartest ten investors in science and technology." But that's not all, and Breyer has a long list of titles: Directors of Wal-Mart, Dell (micro-blogging) computers, News Corp, as well as directors in a range of start-ups, including Etsy (Handicrafts online marketplace), Brightcove Inc. (online video platform), Legend Studios. These are the enterprises that are regarded as the star of tomorrow by the capital market. At the moment, Breyer is clearly the most qualified person to stand in the spotlight. Only focusing on this point is far from fully revealing his personal charisma, and his "roller coaster" ups and downs have helped people understand more fully the success of today. Prepared investors in the 1990s, Accel a moment, in 1996, its fund returns as high as 20 times times. In 2000, Accel raised its largest Accel VIII fund, up to $1.2 billion trillion, and charged the industry's top management fees. But with the dotcom bust, in 2001, Accel VIII's LP Princeton University, Harvard University and MIT abandoned Accel, refusing to continue funding. The exit of Elite LP, let Accel deeply hit; worse, Accel's partner, Jim Goetz, has defected to the Sequoia Fund. This is worse for Breyer and its Accel. Breyer persisted, he traveled to the east and West coast of the United States, looking for the new LP, eventually raising 440 million of dollars of funds. In 2005, Chi-hua Duy, a graduate student at Stanford University in Accel, introduced Facebook to a Accel head, Kevin Efassi (Kevin efrusy). 3 months thereafter,Efassi A survey of male and female students on the site and offered to meet with company founder Zuckerberg, Parker (Sean Parker) and Matt Collers (Matt cohler). Later, Breyer to "high efficiency" to describe the investment in Facebook. April 4, 2005, he met with Zuckerberg, the next day to dinner, the third days, and Facebook to negotiate investment cooperation. Accel has invested 12.7 million of dollars in Facebook, which is valued at nearly 100 million dollars. This is "overvalued" in the eyes of the outside world. You know, Facebook had 10 employees, 7 million registered users, didn't find a business model, let alone a profit outlook. Breyer believes and insists on his own judgment. Missing Google, he talked to Efassi in 2003, looking to invest in a big internet company for Accel. Breyer's "high efficiency" is not a rash move. Efassi has gone to Facebook a lot before. Breyer also watched Facebook's demo, "It Feels good." Accel's other partner, Patterson, argues that Facebook's statistics are "shocking", with data such as the amount of daily Internet time and high permeability in some areas that the young entrepreneurs are completing in the short term, an ESPN network that takes years to achieve. Patterson's judgment was that it was a great project, if not a genius. This is the investment strategy that Breyer into the Accel: a prepared investor who can accurately seize the opportunity. Their early successes also benefited from this. A few of the company's partners used most of the time, focusing only on a limited number of industries, and when the right opportunity came, they did not hesitate to take the shot. Breyer said: "Many of us in the industry are affected by the situation, which will only be eliminated," and, "if there is no good judgment on investment opportunities, you'd better not act rashly." "In Breyer's view, the growth of mobile platforms and social platforms is a fertile ground for entrepreneurship, whether it's a game, a health-care application, or an application in education where entrepreneurs can play." China: Next opportunity The Chinese market is attracting the active participation of VC/PE institutions, Breyer clearly cannot let Accel absent. As early as 2005, Accel and IDG as partners to enter the Chinese market. The combination has been sought after by Global LP. In December 2005, idg-accel China Growth Fund I (Idg-accel i) was set up to raise a total of $310 million trillion, almost as much as IDGVC's total investment in China before. The Idg-accel second fund was raised in June 2007, with the total scale raised to 510 million dollars. Speaking of China, Breyer that in the next 10 years, "the top 10 or 20 Internet companies will have at least half of China." China will still beHuge mobile internet consumer market. In November 2011, at the Schwabimpact Investment Advisory Conference in San Francisco, Breyer revealed that the amount of Accel investment in China in 2012 would exceed that of the United States. Of Accel's global partners, China has 7. Breyer also made a deep understanding of Chinese local business culture. He found that Chinese entrepreneurs are "more eager for wealth" than American entrepreneurs, and they talk about how much they want to earn for themselves when they sell their businesses. But in Silicon Valley, technological success is the primary goal, followed by wealth success. This allowed him to set a different standard for Accel in China. "If, in a minute, a Chinese entrepreneur does not acknowledge his motives for getting rich, we will not work with him," he said, "instead, if in Silicon Valley, even Zuckerberg, if he expresses himself in a minute to make a fortune, we will not work with him."