Chapter 132 Interest Binding

It is not uncommon for Song Liang to know that Li Mu is running a website. After all, Yiting.com's initial funds were earned from the four people in the simple plan. With the relationship between Song Liang and them, this matter is not a secret at all. ..

Li Mu didn't hide it, nodded and smiled: "In July and August, I started a music audition website, and then I started another post some time ago."

Song Liang said: "I heard that these two websites are very popular now and have a lot of traffic?"

Li Mu said: "It's not bad, but the current traffic is far from reaching my goal."

Song Liang asked, "When the website develops to a certain extent, the cost you need to invest should also become very large?"

Li Mu said: "Yes, after a certain level, the investment in all aspects will increase exponentially. For a small website, the initial server and bandwidth investment is only a few thousand yuan a year, but if the development is fast, the cost of this aspect alone , a few million a year may not be able to stop it."

Li Mu thought about the future video websites. They would have to pay a huge cost for server space and bandwidth in the future. This cost is so large that it is almost unimaginable for today's Internet companies.

Song Liang asked Li Mu, "So, the more you go on, the more difficult it will be for you to support yourself?"

Li Mu nodded and said, "I'm already feeling exhausted, so now I'm ready to talk about financing."

Feeling that Song Liang seemed to be very interested in this matter, Li Mu asked tentatively: "Brother Liang, if I talk about the next round of financing, a big company will lead the investment, are you interested in playing with the investment? "

Song Liang's eyes lit up and asked, "Are you willing to let your brother in to dilute your shares?"

Li Mu felt that a person like Song Liang had a very bad temper with him, and he had vision and ideas, and he helped him a lot. If the two of them could achieve a community of interests in the future, they would be able to do a lot of things that he could not do alone. Therefore, he also has the intention to let Song Liang participate in the business of EasyTing.com and TieTie.

Besides, I have always been envious of the future real estate development in Yanjing, Shanghai and even Yangcheng and Shenzhen. Naihe didn't know anything about real estate bullshit, but if Song Liang was there and the two worked together, they might be able to drink two porridge and grab two steamed buns in the real estate field in the future. So at this time, diluting a little of his shares and letting Song Liang participate in it is undoubtedly a good thing without any harm.

So, Li Mu threw out his olive branch: "Brother Liang, tell the truth. Originally, I was only going to dilute 10% of the capital for the A round, but if you are really optimistic about this piece and are interested, I can give it to the A round. You prepare five points of shares, and then you follow the investment behind the capital,

The same treatment as the capital of the lead investment. "

Equal treatment means that when investing, you enjoy the same treatment of valuation, cash out, increase or decrease of holdings, etc.

For example, when Li Mu chooses the capital side, he will give a certain tilt according to the strength of the capital side's resources.

For example, if a company with resources such as Baidu invests in itself, they can give them a 30% discount on the psychological price. Because of their strong resources, they can make the business of EasyTing.com and Tie-Tie develop faster. However, if it is an ordinary investment bank, Li Mu will not give them a discount, and even increase the price for them, such as giving them a 1.3 times the price. coefficient.

If Li Mu talks about Baidu's A round, Baidu can definitely get a relatively low price, but if there are other capital that is co-invested, it will not be so good. However, generally speaking, the co-investors are hopeful about the project and see a large company leading the investment. Even if they can't get the same treatment as the lead investment company, they will still choose to follow the investment and fight for a future.

The treatment that Li Mu gave to Song Liang was that he could also enjoy the conditions of leading the investment as well. He treated them equally. This can be said to be a big discount.

Although Song Liang does not do the Internet. But he understands financing and investment very well. As soon as Li Mu said this, he knew in his heart that this younger brother didn't pay for nothing. Although the shares sounded like only 5%, he didn't understand the Internet at all. Humanly speaking, it's pretty good.

So Song Liang said, "Don't regret it, brother, brother, I am really interested in the Internet, but I just don't know how to get in. If you are really willing to dilute 5 points of your shares to me, I will accept it without hesitation. Are you on?"

Li Mu smiled slightly: "Brother Liang, since I said it, I will definitely not regret it, and this is the A round. If it reaches the B round and the valuation increases, if you want to cash out and leave, I will communicate with the investors and give you priority. Cash out; if you still want to invest more in the B round, I will give you the same treatment at that time, and we will negotiate the specific points at that time.”

Li Mu's words were equivalent to giving Song Liang a guarantee.

The A round came in at a valuation of tens of millions, and when the B round valuation doubled several times, or even a dozen times, if Song Liang wanted to leave, Li Mu would definitely help him and let him transfer the shares directly to the B round investors. , to ensure that he can withdraw all the principal and profits.

When Song Liang heard this, he was amazed at Li Mu. How could this kid have such a deep understanding of capital at such a young age? If it wasn't face-to-face, I thought I was chatting with a 30-40-year-old venture capitalist.

However, Li Mu's words also made Song Liang very happy, and immediately said: "Brother, then I will not be polite to you! When you talk about the A round, I will directly vote in my own name!"

"Okay!" Li Mu smiled slightly, their thoughts were very obvious, Li Mu wanted Song Liang to get in the car, and Song Liang himself wanted to get in the car, so we hit it off and got in the car to see the scenery together.

Song Liang's mentality at this time is not to see the scenery, he just wants to get on Li Mu's car, no matter whether the car can make money in the end, he doesn't care, he just thinks that he and Li Mu should be bound to some extent in terms of interests. This will open up more possibilities for the future of the two.

Thinking of this, Song Liang said again, "Brother, I bought a new piece of land, which is less than three kilometers southeast of the city. Sanpailou, have you heard of it?"

Li Mu nodded. Sanpailou is not well-known yet. It will be a new residential area in Haizhou in the future. With the future development of the city, the urban area will continue to develop to the southeast. In the next few years, it will become the most expensive house in Haizhou. The place.

Song Liang said: "The construction of this land will start early next year, and there are a lot of shareholders, so I won't introduce them to you one by one, but brother, I am a major shareholder. If you are interested, I will personally give you five points. how?"

Li Mu said, "Brother Liang, when you develop a real estate, it can easily cost hundreds of millions of dollars. Five points can be at least several millions. I'm afraid I can't afford it!"

Song Liang smiled slightly: "What you said is the total cost. The start-up capital is not that high, tens of millions is enough, and the rest depends on bank loans and internal pre-sale."

Li Mu asked inexplicably, "Internal pre-sale?"

"Yes." Song Liang said with a smile: "There are quite a few parties involved in a real estate, and there are many people who want to participate with money but can't. After our project starts, in order to get back the funds as soon as possible, we will provide a certain percentage of the housing. Pre-sale to these people, so as to get the funds back as soon as possible.”

Li Mu nodded and said with a smile: "Thank you Brother Liang for your kindness, but I don't dare to say too much about the specifics right now, so you can keep it for me first, and if I come out then, I will come to you, Brother Liang. Blend blending here."

Song Liang laughed and said, "No problem, I can lend you if you don't have enough cash."

Since the ideas of the two coincided, and they both hoped to have certain interests tied to each other, the two of them had a very pleasant meal.

Li Mu thought that his EasyTing.com and Posts were both personal in nature. When the time comes to talk about the A round, it will definitely be a company. Say the company.

However, the industrial and commercial departments are also on holiday now, and registration has to wait until after the National Day, but you can go to Yanjing to find a special agency for help, which can save a lot of trouble.

Song Liang has always been curious about Li Mu's own psychological expectations for the valuation of Yiting.com and Tie. Li Mu said lightly: "According to different investors, the valuation should be no problem at 50 to 80 million."

Song Liang was completely stunned: "So tall?"

Li Mu nodded: "This valuation is actually not too high."

With the current development momentum, if a round of financing is carried out in October or November, then with its millions of registered users and millions of daily active users, it can get at least a valuation of tens of millions. There is a lot of redundancy in the value of the value, because the Internet has never looked at the current profitability, but the future development prospects. Simply put, it is just two words: "concept."

In the future, a website of the size of Kaixin.com can get millions of dollars in round A financing, which means that the valuation will inevitably reach the order of tens of millions of dollars in round A, and 2000 in round B financing. 10,000 US dollars, the valuation is over 100 million US dollars, that is to say, in just a few months from the A round to the B round, the valuation has risen several times or even higher, which shows the importance of the concept.

When the school network is popular, the valuation is also a price per day. When it is high, it can scare people to death. However, it is like Kaixin. In eight years, it will take 15 to 20 years for Tie Energy to become popular. Even if these two major products are taken out, even if they are only prototypes, discerning investors will give a high valuation.

Song Liang was obviously frightened by this valuation. He couldn't convince himself to believe the feasibility of this valuation, but he didn't care too much. Anyway, as long as there was capital to lead the investment, he would definitely follow the investment. He didn't understand the Internet, but The capital side must understand, what's more, he believes in Li Mu, even if he invests several million in him, he will not frown. )

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