Message says multiple video-sharing website start-up team lost management

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酷6网 44 million U.S. dollars, to replace the grand network of Friends of the Group of shares in the form of realization curve listed. Although there are different accounts of specific trading details, the news from 酷6网 suggests that the takeover is not groundless, and that some of the people who originally had cool 6 rights have been excited about being able to replace the shares of the Chinese friends of the century.

In the face of this important news, always like "talk" 酷6网 founder and chairman of Shanyou but chose to escape. Some say that shanyou has always had a dream of listing independently, the sale of single-handedly built companies is financial distress, investors forced to let go of the palace; others say that the shanyou of professional managers will not be overly fussy about how to get listed, after all, he has pointed out a new path for his brothers who are still struggling in the Red Sea of video-sharing. It is not yet possible to determine shanyou's ideas. But what is certain is that the video site was acquired earlier than expected.

Behind the takeover

Liu (a pseudonym) is the original 酷6网 staff, she confirmed to reporters the grand acquisition of Cool 6 news. "This one is not quite like the previous style of shanyou. He has been preparing for the listing, before every meeting, he will give us a promise to go public, encouraging us to wait until that day, said that the day will not be too far. ”

In fact, Shanyou two years ago, said: "The earliest 2009, the latest 2010, Cool 6 will certainly go to the Nasdaq sounded the listing bells." ”

Liu said: "Shanyou is the most hardworking person I've ever seen, and spent a lot of time trying to get the company done and sleeping very little every day." ”

Since the establishment of 酷6网 in 2006, after entering the market they have never been willing to loneliness. Not only created the "tens of 13 of millions of dollars" financing myth, and last year to get the first share of the site video license, and the Olympic exclusive sharing video network. This year, through the curve of the listing can be regarded as a phased success.

Liu told reporters that Shanyou did not rush to announce the news to the outside world in line with his usual style, although usually appear "forthright and good talk", but every important event he always set aside enough time to announce to the outside world. The same is true when it comes to financing, even though no specific amount has been disclosed.

Compared with the Royal network and 酷6网 's silence, it is Ecapital Capital CEO ran (blog) appears unusually active, he said: "For Shanda, the acquisition of video site is a specific goal, the specific cost and time of day and night." ”

Previously, Ecapital capital, respectively, as a grand, 酷6网 financial advisers to investment and financing. But for the Grand acquisition 酷6网 is also ecapital capital assistance, ran did not give a positive response.

A senior person who has been a veteran of shanyou in Sohu for years says that the VC that exists between grand and cool 6 makes both acquisitions more likely. "With my knowledge of shanyou, he didn't want to. He will insist on personal management company and independent IPO if he has the chance. With his personality, is very reluctant to sell so emotional entrepreneurial crystallization. Come to this step is also people in the lake, involuntarily. ”

Industry speculation, if not money to the point of not turnover, if not investors are eager to withdraw, shanyou may not be willing to sell. And if 酷6网 really priced 44 million dollars, it's a pretty cheap price. 酷6网 only 50 million or 60 million yuan financing, even if not fully accounted for, 酷6网 the valuation is basically no premium.

Of course, the current situation of 酷6网 is indeed more embarrassing: Independent listing is unreachable, distance between Youku, potato gap is also very far. That is why potatoes and 56 of nets are blessing the takeover: The market will not change too much.

The curve listing for employees and investors is an account. At least it has set a precedent for selling on video sites that have been self-destructive. Despite the cheap selling, investors were able to get out of the start-up team from scratch.

Who's next?

"It's a little bit earlier than we thought. A senior video industry source said that the remaining few sharing video sites, Youku, potatoes, 56 of the days are also tight tight. That makes it possible for investors eager to return to sell their companies, and cool 6 may just start.

And the acquisition of impulse is not just a grand entertainment industry giants, the emerging portal network, search engines, even including Shanghai SMG, CCTV such a system within the media group are also ready to stir. As long as the abundant capital, strong brand, a wide range of distribution channels, a strong ability to integrate resources, all eyes glued to the video of the cake.

On the first day of the grand takeover of Cool 6 news, Youku announced a cooperation agreement with Sina Weibo to launch a "video reprint" function, and prior to Tudou chief content officer Huan Min had said, and mobile phone video cooperation in the revenue, Tudou will be with mobile, CCTV together into.

These are likely to be the basis for further capital operations in the future, the senior figures said. After all, in the current situation, investment in the video industry, financial investors will not do, only strategic investors will do. The latter not only has the future development layout, has the economic strength to resist the risk, but also has the patience to support the video website development.

Liu told reporters that in the internet this competitive industry, can self-development, independent IPO is of course the most conventional route, but also each entrepreneur wants their team future development direction. At present, the remaining several video sharing web site Mister, in addition to the 56 net incumbent CEO Jianjun is later joined, the other three of the boss regardless of personality, are more emotional to the company.

"Shanyou more uninhibited, Wang Micro more western, Koo do professional managers in Sohu do not see what personality, now more and more play an open, healthy, long-term situation." As the first generation founder, able to lead the company from the poor of the development of the situation so far, experienced countless video industry life and death, unless the last resort, will not choose to sell the company in the final moments. Liu said.

The same thing with cool 6 is that these video-sharing sites are not in the hands of the founders. Because several rounds of financing, in order to have funds to burn money, are accompanied by many of the harsh conditions of VC, basically the entrepreneurial team has lost the company's management rights, the company's founding team has even been diluted to less than 20% of the stock.

"Today, selling is not shanyou, Koo and the flow can be decided." The industry veteran said.