PREVIEW

... officially began, and Lu Rong, the president of Global Capital, gave an opening speech.

In this financing meeting, Universal Capital valued the company at US$250 million.

Generally speaking, in the A round, investors are responsible for the valuation, and the founding team has no right to bargain.

But Instagram is a special case. It has the support of a well-capitalized parent company from the beginning.

Therefore, whether Instagram's financing is solvable or not, ...

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