Chapter 42: Table-Turning Player

In addition to Zhao Yong, there were many investment banks watching the live broadcast.

After the shock, there was anger, and then fear.

They had thought before that if they had many projects with deep throats in the technology industry, they should have a good relationship with Cao Shen and regard him as their own project source so that they could get more work in the future.

As a result, he didn't have any relationship at all and directly took your job.

Okay! You have the advantage of coverage, so you can take the job if you want. After all, everyone is here to make a living, and each relies on their own ability.

But what does it mean if you directly reduce the fee rate to 1%!

This is taking the job and turning the table!

It's too much bullying and too irritating!

But, what can you do to him?

Didn't you see who is standing behind him!

The people above came to support him in person, and even provided land to build an incubator. Today's grand ceremony was directly given to him!

What is this? This is begging for alms according to the emperor's order!

And there is more! Before Cao Shen went on stage, he went to talk to Xiao Gang!

Although it was just a quick glance, don't think we didn't see it.

Xiao Gang even touched his arm!

What does this mean! It's the leader, I went up to convey your intention.

The leader said: Okay, you do a good job, I'll protect you.

In addition to the people above, Xiao Gang is standing behind him, and he is the white glove who helps Xiao Gang make a living!

In addition, his strength is also there.

It's only been two months, and more than 2,000 companies and more than 4,000 investors have been established.

They can't cover so many in five years!

This is the confidence to overturn the table, young people nowadays, I'm so angry!

In addition, although his open source software is free, it is managed.

What's the hosting! Managed has detailed data of the project!

The number of new users, the number of daily active users, user usage behavior, usage time, application opening frequency...

Sure enough, after a while of noise below, Cao Shen continued:

"As you know, Tongcao Technology provides hosting services.

We have data for various applications, and this data can be opened to investors for project evaluation reference.

This data is absolutely true and valid, without any water."

Investors can't stay calm when they hear about this service. Data is a very critical part of judging a project.

But the devil is always better than the truth, and entrepreneurs know this, so the data will always be beautified.

In fact, it is difficult for you to verify, even the background data can be modified.

You can only assume that the other party is a gentleman, which is a consensus in the industry.

If it is not too much, it is just turning a blind eye.

But Tongcao Technology is a hosting company, and the cost of changing the data will inevitably increase, because Tongcao charges per person and per data volume.

And you must change it very cleverly, otherwise it is easy to see that the data is very steep.

This means that if you want to modify a very beautiful and reasonable data, you need to pay a long-term cost.

This cannot completely prevent entrepreneurs from doing this, but raising the threshold will reduce the possibility of operation.

Therefore, this service definitely hits the pain point of investors.

However, as soon as this news came out, the following entrepreneurs were a little discouraged.

After all, L Run is very insecure.

And the data is a commercial secret, what can I do if it is known by competitors.

Although plug-ins from third-party companies are generally used in the process of making products, such as push and data analysis services, these third-party companies are actually selling data secretly.

But firstly, the data they obtain is not comprehensive and cannot compare with Tongcao Technology.

Secondly, there are many such third-party companies, which are very fragmented and cannot become a climate.

Therefore, entrepreneurs feel a little uneasy at this time.

At this time, Cao Shen spoke again:

"Data is a commercial secret, so this service is limited.

First of all, investors must sign a confidentiality agreement with entrepreneurs and obtain authorization before they can call it."

Entrepreneurs are relieved at once. The initiative is still on their side. If they don't want to show it, they can choose not to authorize.

You can wait until you have almost finished talking with investors and authorize during due diligence.

After all, due diligence also requires data, but it can't be beautified.

However, there are more than 2,000 companies here, and there will be more in the future. Everyone is waiting, so it doesn't matter.

"Secondly, entrepreneurs will be notified every time the data is called, and the number of calls is limited according to the agreement in the confidentiality agreement between the two parties."

This is great! Some entrepreneurs have already started to applaud.

This means that the data they provide is only "historical data" and the commercial secrets leaked are limited.

"Third, investors need to pay fees to the startup company every time they call the data of the startup project.

The specific fees will be detailed according to the size of the data and the richness of the data type."

"Good!" The entrepreneurs agreed with this. After all, those who make third-party plug-ins are secretly selling their own data without paying! This can also be seen by themselves and have some income.

Investors have no doubts about these three points. After all, they just want data for reference. As for paying, it is a drizzle for them.

Tongcao Technology is good, thoughtful! The arrangement is clear!

This "Jian Shen" product is really well made, and it must be used immediately!

At this time, the logo of "Tongfubao" appeared on the big screen behind Cao Shen again.

"This is a new payment tool launched by Tongcao Technology. Investors use this tool to pay for startup projects.

The bank will automatically make loans according to the information flow provided by Tongfubao if the conditions are met.

This tool is designed to urge investors to make timely payments. ”

Entrepreneurs like this very much. After all, there are those shameless investors who make payments in batches.

Sometimes, the next round of financing has started, but part of the money from the previous round has not yet arrived.

They have to urge the payment all day long, and they are too embarrassed to break up with each other because the circle is small.

Most investors have no resistance to this product. After all, they have to make payments anyway, and it doesn’t matter whether they go through the bank or Tongfubao.

And this can also urge entrepreneurs to quickly change their equity.

“Tongfubao will send the entrepreneur’s bank statement to the investor every month. When the entrepreneur needs to withdraw a large amount of money, the investor will be notified in advance and the loan will be made after confirmation. ”

The investors are happy now. With bank statements, they can always understand the operating conditions of the project company.

Generally speaking, entrepreneurial projects only issue reports once a quarter, and they have to be urged to send them.

Now it’s good, at least the bank accounts can be seen every month.

And this method can prevent a small group of people who take the money but do not work hard and just want to enjoy themselves.

"In addition, Tongfubao provides a bridge loan service with an annualized rate of 11%, so that companies with US dollar structures can get RMB as soon as possible."

This service is actually very practical. Many early investment institutions are in the United States, and they only have US dollars.

Entrepreneurs must build a US dollar company structure overseas to receive US dollars, but this process usually takes 4 months to half a year.

In other words, they cannot get money during this period.

Bridge loans are to lend RMB to entrepreneurs during this period so that they have money to spend.

Wait until the US dollar structure is set up and the US dollars arrive, and then pay the money back with interest.

"Our Tongfubao only needs 0.6% of the handling fee, and this handling fee includes all our services. "

After hearing this, Tao Qian murmured:

"He has set up all the structures, including project sources, investors, venues, and payments..."

Xiao Gang kept smiling and took a sip of tea: "Do you know why he doesn't want Hei Yao's money?"

"He plans to be an investment bank and make money that is guaranteed to be profitable?"

Xiao Gang shook his head: "No, he must have his own fund!"