Seven Hundred and Ninetieth Chapters Venture Capital Offer
When Li Dong finished talking with Chen Lang, the principal of Jiang University, who had never appeared, finally appeared.
To be able to reach the level of the principal of Jiang University, it has to be said that the other party's abilities are first-rate in all aspects.
Li Dong had a private meeting with Chen Lang, obviously he had something important to discuss.
The two of them occupied the magpie's nest, and the principal of Jiang University didn't mind, but gave them enough time to talk.
When the two of them walked out of the lounge, the principal of Jiang University smiled and said, "Professor Chen still has a lot of face. I invited Li Dong several times, but I was rejected. It's really sad to say. In the end, Professor Chen As soon as he arrives, Li Dong will be here soon, hey..."
Although the other party said this in a joking manner, Li Dong hurriedly cupped his hands and begged for mercy: "The principal's words touched my heart, I didn't refuse, I was just timid.
You asked me to give lectures to everyone. I am a student myself, so how can I have this ability.
Don't think I'm doing well now, but it's all a mistake. Compared with the theory, you and Dean Huang are more than ten blocks away from me. "
"Hahaha, look, I'm humble again. If you can become the richest man in Jiangbei by mistake, then we people are living in vain."
The principal of Jiang University made a joke, but didn't focus on it.
But Li Dong himself mentioned: "Next time, next time I have a chance, I will definitely come to Jiangda University to chat with my juniors.
In fact, I have also been confused in the past few years, and I have grown up through constant exploration.
When I feel that I have blazed a path, I can share my mental journey in the past few years with my younger brothers and sisters. "
The principal's eyes lit up as soon as he heard it and said: "You said this yourself, and you can't be too far away next time. The teacher hopes that you can teach the teachers and classmates a good lesson as a Jiangnan student before you graduate. How about it? "
Before graduation, naturally before this time next year.
Jiang University is willing to wait, because in the eyes of Jiang's teachers and students, Li Dong will become more brilliant as time goes by.
By this time next year, Li Dong may have made even greater achievements.
At that time, Li Dong came to the school to give a speech as a student, and he knew how much influence he could bring without thinking about it.
Li Dong didn't refuse, and nodded with a smile: "I also look forward to that day coming as soon as possible."
What he was looking forward to was not the speech.
But at that time, he is willing to come to Jiangda, which shows that Yuanfang has already walked out of his own way.
Although Yuanfang's strength is not weak now, its foundation is too shallow, and some things are in the embryonic stage.
Only when he entered the growing period did Li Dong feel that he had something to say.
Li Dong agreed to this matter, and both parties were immediately happy.
The principal of Jiang University enthusiastically persuaded the two to stay, but Li Dong and Chen Lang had business to do, so they really didn't have time to have dinner with everyone.
In the end, Li Dong and Chen Lang boarded their cars and left after the school leaders sent them off all the way.
It wasn't until they left that the headmaster said softly, "Jiang University's luck!"
Everyone next to him had their own thoughts when they heard this, and it was obviously Li Dong who said this.
In fact, Jiang University has produced many talents over the years, even a large number of provincial party committee members.
However, there are not many people who have brought such great influence to Jiangda like Li Dong. Those officials and academicians may have made great achievements in their respective fields, but their fields are still little known after all.
Even Chen Lang, if he wasn't an insider, few knew him.
Only Li Dong caused a storm as a businessman.
As Li Dong's career grows bigger and bigger, this influence will also grow.
The leaders of the school all had a hunch that it would be very difficult for Jiang University to produce another character like Li Dong in a long time to come.
...
At 9 am on September 3, Weibo went online.
At 10 o'clock, the number of registered Weibo users exceeded 100,000!
At 12 o'clock, the number of users exceeded 300,000!
Weibo went online and became popular all over the Internet at a thunderous speed.
The blogging systems of major portal websites were immediately impacted. This kind of short, entertaining, and fast-paced Weibo is more popular with the public than blogs.
There is always a limit to the crowd that a blog faces,
Most of the users are mainly people with high knowledge level.
Weibo is different, its fast-paced and casual can be played by anyone.
Be cute, talk about the theme, post beautiful photos, no one will say anything on Weibo, even the bosses from far away can be cute, and they don't have to have any scruples.
But a blog is different, you have to work hard and try your best to write something "high-level" to be sought after by others.
As for Weibo, as long as you have enough friends and enough retweets, no matter what the topic is, it may be on the hot search list.
This sense of participation cannot be given by bloggers.
Moreover, Yuanfang Weibo took a total of one year from development to launch, and the ultimate user experience is also one of the reasons why it is sought after by the public.
It is not as rigid as blogs and spaces, and has a greater degree of openness. In comparison, blogs are naturally not rivals.
The 3rd was just the beginning. What attracted attention on this day was Li Dong's cuteness, the launch of Weibo, and the arrival of celebrities.
By the night of the 4th, Weibo completely became popular!
When the Peng Yu case was judged, Li Dong was the first to announce the news of the case, and then all the celebrities followed up and forwarded it...
When it was late at night, more and more people were discussing.
Originally, many people on the forum were also discussing separately, but at this time the forum was not very open, there were only so many people chatting, and the circle was too small.
The circle is small, the views are naturally much less, and the enthusiasm is not high enough.
And Weibo is the origin of the event, with many people discussing, following, and commenting, which can stimulate the enthusiasm of the public to participate.
In this case, there is no need to promote and attract people from afar, just the spread of their respective circles, and soon Weibo will usher in another explosive growth.
By the morning of the 5th, the number of registered Weibo users exceeded 3 million.
And only 4 hours later, at 12:00 noon, the number of registered users exceeded 5 million.
As the number of people continued to increase, celebrities from all walks of life who hadn't taken it seriously also joined in one after another, and the entire social media field was shaken.
...
The Weibo fire has also attracted the attention of many people.
Major Internet companies are paying attention, and major portal websites are stepping up their time to study how to get a share of the pie.
Apart from these people, the most concerned ones are those investment institutions.
Yuanfang started to raise funds. At this time, the more popular Weibo is, the greater its influence is. For them, there are mixed advantages and disadvantages.
The advantage is naturally that Weibo has become popular, which can drive other industries under Yuanfang Group.
But because Weibo became popular, there was an error in their assessment of Yuanfang Group before, and the gap was obvious.
In the Internet industry, sometimes what is looked at is not the specific value, but the future development space and appreciation space.
...
On September 6th, Yuanfang received the quotation from the first venture capital institution!
Sequoia Capital fired the first round of financing.
The other party gave a valuation of US$1.2 billion for the three industries of Yuanfang Mall, PP, and Weibo, and gave a valuation of US$1 billion for Yuanfang Logistics.
The two add up to 2.2 billion US dollars.
This valuation is definitely not low in the venture capital field at this time. Converted into RMB, it exceeds 17 billion RMB.
In fact, these VC/PE institutions rarely finance similar logistics industries under normal circumstances.
However, Yuanfang is different. Yuanfang's logistics system and Yuanfang Mall can form auxiliary effects, and the value produced far exceeds the result of 1+1 equaling 2.
Moreover, this kind of price was set out in the first round of quotation, which shows that there is still room for improvement in the later stage, and everyone still has something to talk about.
As soon as the letter of intent arrived, Yuanfang Group fell silent.
Slap in the face!
A complete slap in the face!
Those who were slapped in the face included the top executives of Yuanfang Group, including Yuan Chengdao and Wu Shengnan.
The expected value they gave before was surpassed in the first round.
More than 17 billion, if we continue talking, 20 billion is nothing.
Immediately afterwards, the second offer was also a well-known institution-IDG.
The reason why these large venture capital institutions can make quotations so quickly is that they have paid attention to Yuanfang long ago and have done some research on Yuanfang.
Yuanfang did not open financing channels before, and it was useless for them to pay.
But at this time Yuanfang opened the channel, and these institutions naturally gave a rough estimate immediately.
Compared with the conservativeness of Sequoia, IDG seems to be more optimistic about the future.
The other party respectively valued the industries under Yuanfang Mall, Yuanfang Mall is 800 million US dollars, PP is 500 million US dollars, Wanka is 200 million US dollars, and Weibo is 100 million US dollars...
For the online industry alone, the other party gave a valuation of 1.6 billion US dollars.
As for logistics, the other party also gave a valuation, but IDG means that if logistics is financed alone, the valuation will not be too high, which is lower than the price given by Sequoia, at most about 500 million US dollars.
But if it is bundled with Yuanfang Mall, the price will be high, and the total quotation will reach 2.5 billion US dollars.
2.5 billion US dollars, more than 20 billion yuan!
For a moment, everyone was shocked, these foreigners have too much money to spend?
It is too high to dare to offer more than 20 billion in the first round.
The industries under Yuanfang Mall, including logistics, have a total investment of only tens of billions.
It's only been a year, so it's doubled?
Especially in the online area, Yuanfang Group's investment in malls and PP is not too large, about 3 billion.
According to the price given by IDG, these items alone are more than 10 billion, which has quadrupled in a year. This rate of return is really not generally high.
...
The layman was shocked, but the Internet community was shaking their heads.
These capital institutions are obviously bullying Yuanfang's ignorance and lack of money to give such a low quotation.
What a joke!
With so many industries under Yuanfang Mall, it is only worth more than 2 billion US dollars?
Separately, the quotations given by Yuanfang Mall, PP, Weibo, and Wanka are only 1.6 billion U.S. dollars. What if it’s true that Chinese people have never seen money?
The combination of Yuanfang and Tencent cannot be said to surpass Tencent, but the gap should not be too big.
And what is the current market value of Tencent, more than tens of billions of dollars.
Yuanfang is still in the development stage, and it has reached this point at this stage. It is not very surprising that it will continue to grow in the future.
Especially after the last e-commerce battle, Yuanfang briefly surpassed Taobao, which made everyone see the potential of Yuanfang Mall.
Not surprisingly, even if Yuanfang Mall cannot surpass Taobao, it is still possible to achieve the same scale.
At this time, the valuation of 1.6 billion US dollars was given, just kidding.
In less than two or three years, Yuanfang Mall will be listed. According to the current market, the market value should reach tens of billions of dollars.
It's all for the foreseeable future, and it's all expected returns.
And venture capital, naturally represents venture capital.
In this case, the valuation should be higher, and tens of billions of dollars is only the starting point. After deducting their scheduled returns, it is not a loss to report more than 3 billion dollars.
As a result, a quotation of 1.6 billion US dollars was given. Obviously, the capital institution was too conservative and cautious.
...
Whatever they could think of, Li Dong could naturally think of it too.
Faraway Building.
Seeing that everyone in Yuan Chengdao was silent, Li Dong smiled and said, "What's the matter, have you nothing to say?"
"That's right. After all, the price given is too high. It's only right that everyone can't accept it."
When Li Dong said this, many people had strange expressions on their faces.
This is being ridiculed, the boss is really careful.
Everyone is not familiar with the Internet industry. Who knew that those institutions would give such a high valuation.
One slap in the face is enough, and now the boss is going to slap him in the face himself, which is too much.
As if knowing what they were thinking, Li Dong's expression was serious, and he snorted coldly: "I'm not interested in hitting you in the face! It's the same sentence, if we all look down on ourselves, who can look down on us!
Other people's things worth a hundred yuan, dare to call out one million!
What about us?
Do you dare?
You dare not!
If something worth a hundred yuan is in your hands, it will be a hundred yuan.
A billion dollars may seem like a lot to you, but it may seem like a lot to others.
And this is the overall quotation, not the money for financing. Is the valuation of more than one billion US dollars high?
Not high at all!
Another thing you should pay attention to is that these VCs only pay money, have no channel influence, no technology sharing, just money, and money depreciates the fastest, do you understand?
There is no other added value in venture capital, so the quotation for them should be higher.
If companies such as Ali and Tencent offer us lower prices, it is normal, because we need their additional influence, their channel expansion, their technology, and everything from them.
But there are no VCs!
I don't want to talk about these nonsense, I just remind you, don't get dizzy because of the quotation of more than one billion.
If the price is too low, I'd rather not raise money, and I don't want to hand it over to others if it's rotten in my own hands.
President Yuan! "
Yuan Chengdao hurriedly responded: "President Li, don't worry, we will definitely pay attention this time, and we will immediately contact a professional organization to conduct a new price assessment for us.
In the past, we were laymen and almost caused heavy losses. This matter is my responsibility. I gave a wrong assessment without strict inspection and analysis, which affected everyone. "
Li Dong waved his hand and said: "I'm not looking for responsibility, after all, nothing happened. I just remind you, calm down!
Recently, many people have been a little impetuous. I am not just referring to individuals, including myself.
Because of the cash flow problem, everyone was worried about something, and it was difficult to calm down.
This has something to do with me. After all, the group is empty and everyone can't stand still.
But no matter how unstable it is, I have to stabilize it at this time. I will find a solution to the money issue. You don't need to care about these, and don't rush for quick success.
The thought of billions or even tens of billions of funds coming into the account through financing made everyone forget about it.
Is the money from investment institutions so easy to get?
They are more usury than usury, you have to remember that.
Unless it is a last resort, until the last moment, or when it cannot survive, how many companies want to raise funds?
When we are not at the end of the road, we should talk slowly at this time, and get through this critical period. At that time, the initiative will be in our hands. "
Everyone nodded hastily, Li Dong's words reached their hearts.
During this period of time, everyone is a little impatient. Don't be in a hurry. The cash flow is exhausted. Can you not worry?
Once something goes wrong, it will affect the entire group.
If because of this, the group can't survive, they all want to die.
Seeing that they had listened to their words, Li Dong softened his tone and said, "As for the money, I think there will be a solution soon. The plan for Xinqiao Airport and the high-tech zone have also come down. We are not without confidence.
The land in the western urban area is appreciating at a speed visible to the naked eye.
At this time, whether it is sold or mortgaged to the bank, there are still billions.
At that time, I will talk to President Wang of Pengfei, and it is not a big problem to borrow for a period of time.
In addition, there are Yuanfang Building, Yuanfang Plaza, Greenland Building...
These fixed industries are all high-quality industries, and it is not a problem to mortgage them to bank loans for more than ten or two billion.
In addition, at Yuanfang Logistics Park, the government once promised us that it would provide us with a loan of 1 billion yuan, but we have not yet applied for it.
Owing money to the bank is easier than financing.
All kinds of things come down, and when it is necessary, we have a source of funds, so everyone takes their hearts back. "
Speaking of this, Li Dong sighed and said, "That's all for now..."
As soon as he finished speaking, the phone rang suddenly.
Glancing at the calling number, Li Dong's eyes moved, and he connected the call.
The person on the other side of the phone didn't say much, and said in a complicated tone: "I agree, I will go through the formalities as soon as possible, give me some time."
"good!"
Li Dong repeated the sentence, and then both of them hung up the phone.
As soon as the phone was hung up, a smile appeared on Li Dong's face.
It's done!
In the end, Chen Lang chose to go far away. In fact, Li Dong felt this when Chen Lang talked about his ideals with him.
Money, rights, and ideals are all satisfied, so what is there for him to be dissatisfied with.
What China Resources can give him, Li Dong can give him, give him double.
After all, the affection for the enterprise is not as good as the affection for the family. This kind of affection can be measured by value.
After taking a long breath, Li Dong looked at the crowd and said with a smile: "The meeting is over, Mr. Yuan and Mr. Sun will stay here."
After everyone left, Li Dong said with joy, "Chen Lang agreed!"
"good!"
Yuan Chengdao also showed joy, and hurriedly said: "Congratulations to Mr. Li, adding another hero! One goes up and down, China Resources loses an arm, and then we can touch the tiger's butt."
Sun Tao's expression was a bit complicated, but he quickly smiled and said: "It is indeed a happy event, and it is worth celebrating!"