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Chapter 85: Sequoia Capital and KPCB

"It seems like there are two left?"

Abel looked at John Doll and Bick Joan.

"Did you give up?"

Of course they did not give up.

But the 13 venture capital companies in the front are really too high.

Carlyle Investment Group's shit stick represents after raising the price to US$16.1 billion.

Sequoia Capital and KPCB are in a dilemma.

A valuation of 16.1 billion.

10% is as high as US$1.61 billion.

20% or even up to US$3.22 billion.

It’s not that they can’t afford such a sum of money.

It’s just the future of Blue Star and the potential of [Blue Star 1]. They only learned from the Taishan Beidou in the environmental protection world, that is, the scientists participating in the press conference.

Specific real abilities and upper limits.

Now only Blue Star Future and Oasis Investment are clear.

It is certainly a pleasure to invest right.

But if the investment is wrong.

The loss of billions of dollars is a pain that cannot be lost even for these funds that manage tens of billions of assets.

Don't take action?

It doesn't seem to work either.

Many investors present have already made a bid, only KPCB and Sequoia Capital are left without bidding.

Telling it out will make people doubt the economic situation of the two companies.

It just doesn't consider the reputation issue in this regard.

They also need to consider whether Oasis Investment will close the window for them if they do not offer the price now.

After thinking about it, Bick Joan glanced at the old opponent opposite him.

John Doll was watching him too.

He also smiled and said, "You can give priority."

Bick Joan frowned.

Priority at this time has both advantages and disadvantages.

The advantage is that if the quote is appropriate, you can get the other party’s favor first and increase your chances of obtaining financing.

The disadvantage is that if the other party can quote a higher price than you.

Then I will become passive.

Gripping his teeth. Bick Joan chose to gamble: "20 billion! Sequoia Capital is willing to have a valuation of 20 billion! Inject 10% into Blue Star's future!"

His voice fell, which attracted the attention of many investors.

If the valuation of 20 billion yuan is 10%, it will cost 2 billion US dollars.

$2 billion!

This investment is no longer too heavy. The prices quoted by these investors just now are high and low.

However, the final injected funds did not exceed US$1.5 billion.

Now Sequoia Capital has increased the amount of this fund to US$2 billion.

As expected, Sequoia Capital, which is the most popular one! The investment in the past decade has been very successful.

This makes it easy for Sequoia Capital's private equity funds to sell. Coupled with the profits of the funds, Sequoia Capital's liquidity is likely to be the highest among the many venture capital firms present.

And if we follow this valuation of Sequoia Capital.

Blue Star Future is such a small company with unknown reputation in the past.

It will instantly become the second highest-valued private company in the world.

The highest valuation is US$21 billion, which is the Rockets company of Elon Musk.

Originally, investors saw that Bick Qiong had finished reporting this valuation.

What we should expect next is the quote from Sequoia Capital’s current largest rival, KPCB.

But when Sequoia Capital exposed a valuation of US$20 billion, everyone gave up looking at John Dole.

A valuation of US$20 billion!

Can KPCB still make a higher return?! You should know that the most valuable private company in the world, Elon Musk's Rockets. When it first raised funds, its valuation and market value were not so high.

It was with the gradual financing of many investors and giants. It grew slowly, proposed products and experiments slowly, and it was not until this year that it had such an exaggerated valuation.

But now, Blue Star is only the first time to be valuation in the future. It is still long before it will be listed. If the valuation is higher, then how many times the market value will be required to recover the investment when it is listed.

They all looked at Abel.

See how Abel reacts to this valuation.

As for John Doll and KPCB.

Next time!

But investors saw that Abel waved at Bick Joan: "The gentleman of KPCB seems to have something to say. Listen to him."

"Um?"

“…”

Everyone turned their heads and looked at John Doll again.

Only saw a faint confidence on John Dore’s face: “You are right. Mr. Seifrosa. KPCB will be your most financial partner.”

Seeing the expression of the old opponent, Bick Joan suddenly felt something was wrong.

Maybe the next moment, John Doll said lightly: "KPCB is willing to spend 3.165 billion US dollars and inject capital to obtain 15% of Blue Star future shares."

"KPCB is the most funded company in the venture capital industry. At the same time, no one in the federal government has a good relationship with major universities like us."

"On this basis, KPCB will definitely be Mr. Seifrosa's best partner!"

John Dole finished with a smile.

His offer made the investors who had calmed down again have Cube calculations in their minds.

3.165 billion US dollars.

15% stake.

An investor with fast mental arithmetic speed, quickly finished the calculation and shouted in surprise: "3.165 billion US dollars! 15% of the shares. The valuation will be as high as 21.1 billion US dollars!"

"hiss……"

"Super...beyond Elon Musk?!"

"That's right! SpaceX is only $21 billion now!"

"What kind of virtue does this Blue Star have in the future..."

“…”

Bick Jonhoe stood up and stared at John Doll opposite him.

John Dole smiled at him: "We are KPCB. Think about who we are investing in!!"

What does this mean?

Bick Joan was stunned. Then he quickly reacted. KPCB, as a giant in the venture capital industry, is also a school property manager and operator of major universities in the federal government, and even some famous schools around the world.

In other words, KPCB mainly makes money for major prestigious universities. Harvard University, Yale University, MIT, Stanford University, New York University, etc. These schools have invested in part of KPCB.

KPCB manages money bags for major prestigious schools. It naturally has a good relationship with major prestigious schools.

Since that's the case, KPCB will not have a bad relationship with many academic giants in the academic world. Many scientists even ask KPCB to manage their finances.

Bick Joan reacted immediately.

KPCB is very optimistic about the future of Blue Star! It may be that those scientists and major prestigious universities are also optimistic about the future of Blue Star!!

No! No! No! No!

There is another possibility.

Bick Joan cried wildly inside.

John Doll is cheating me! He deliberately offered such a high price and asked me to raise the valuation so that Sequoia Capital would bleed more!

This is also a possibility.

Now these two possibilities have put Bick Joan in a dilemma and he began to hesitate.

Should you keep up with KPCB? It may be a trap. But if it is not a trap, your responsibility will be great.

For a moment she was completely unable to make a decision.

John Dole looked at his old opponent in confusion, smiled calmly, and then looked at Sefrosa confidently.

"Mr. Seifrosa."

"I think you can announce the results."
Chapter completed!
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