Chapter 490: Capital Increase in OmniVision + DT Negotiations + Cyrix R&D Selection

After returning to the dormitory, Li Xiaofan discovered something very interesting. Guo Hanyue and Liu Mengchen both had their periods at the same time, so he didn't have to worry about who to favor at night.

It turns out that good girlfriends who live together really have the phenomenon of "menstruation convergence".

After taking a shower, Li Xiaofan returned to the room. Soon, she received a call from Stanley Qiu, an angel investor of OmniVision Technologies in Taiwan, from the United States.

Because they all invested in OmniVision Technologies together, they were all shareholders and directors of the company's board of directors. They had held several meetings and drank together several times, so they were quite familiar with each other.

"Mr. Li, good evening, did I disturb your rest?" Mr. Qiu asked on the phone.

"No, I just came back from Malaysia. Mr. Qiu, what do you want?"

"Mr. Li, I saw the email you sent to request an increase in capital for OmniVision. In fact, I also intend to increase capital for the OmniVision OVT project with you..."

"Okay, Mr. Qiu, I support you. As the earliest angel investor, you have the most say. But I don't know what Dr. Hong and other co-founders think of the latest valuation of OmniVision?"

"These days, the co-founders asked an accounting firm and a lawyer to assist in a simple evaluation. They proposed that the latest post-investment valuation of OmniVision is 80 million US dollars. In this round, they want to raise 16 million US dollars for the large-scale production of CIS products and plan to sell 20% of the shares. Mr. Li, I want to invest another 4 million US dollars in this round, and you will be responsible for the remaining 12 million US dollars. How about investing?"

Last year, when Li Xiaofan invested in OmniVision Technologies, only OmniVision Technologies and a British startup company were developing CIS products in the world.

But in February 1996, the World Solid-State Electronic Circuit Conference ISSCC organized a workshop to introduce CIS products, which was crowded. Since then, everyone in the industry has seen the future explosive power of CIS sensors. In the following six months, more than 20 companies have entered this field, including giants in the electronics industry such as Intel, HP, Sony, and Panasonic.

These giants have organized R&D teams of hundreds of people and invested tens of millions and hundreds of millions of dollars in the development of CIS sensor products. For a time, the CIS sensor industry has changed suddenly, surrounded by giants, and it is dangerous for the small-scale start-up company OmniVision.

At present, although OmniVision has successfully developed the world's first single-chip color CMOS image sensor (CIS), it is still unknown whether it can be industrialized on a large scale, whether the product quality is stable, and whether it can withstand the test of the market. Therefore, Hong Youying, Chen Datong and other four co-founders did not dare to report OmniVision's valuation too high...

Originally, according to Li Xiaofan's inner wish, he wanted to invest a little more and hold more shares in OmniVision, but Mr. Qiu was the earliest angel investor at the time, and he had to respect him after all.

"Okay, Mr. Qiu, I'll listen to you. I have no objection."

According to the new round of capital increase plan agreed by Mr. Qiu and his team, after Li Xiaofan and Mr. Qiu completed a new round of capital increase of US$16 million in OmniVision Technologies, Li Xiaofan's original 15% stake in OmniVision Technologies will be increased to 27%, Taiwanese angel investor Stanley Qiu will continue to hold 25% of the shares, and four co-founders including Hong Youying and Chen Datong will hold 48% of the shares.

"Great, thank you. Mr. Li, I have another thing to trouble you..."

"Mr. Qiu, you are welcome, just tell me."

"Do you know a venture capital company called DT?"

"Yes, I know, they invested in my rival's Popular Online Bookstore project."

"Yes, it is this investment company, but the Popular Online Bookstore project they invested in does not seem to be very successful. The partners of the American DT venture capital know that we know each other, and they want to make an appointment with you through me, and they want to visit you..."

Hearing this, Li Xiaofan was happy. This American DT venture capital went through such a big circle. He smiled on the phone and said: "Mr. Qiu, they are welcome to come and communicate at any time!"

...

Two days later, several Taiwanese partners of the American DT venture capital came to visit Li Xiaofan. They proposed that Li Xiaofan's Pacific Online Bookstore acquire the Popular Online Bookstore project they invested in.

However, the two sides did not reach an agreement on the valuation of the Popular Online Bookstore project, and the gap was very large.

Li Xiaofan is not in a hurry at the moment. When the Asian financial crisis comes next year, the valuation of their Popular Online Bookstore project will fall even more, and he will have time to clean up the mess by then.

Li Xiaofan's heart is to treat this failed sneak attack opponent: be as ruthless as the autumn wind sweeping the fallen leaves!

...

In mid-November, the 200 million US dollars of Yifan No. 2 Venture Capital Fund was successfully raised.

Li Xiaofan led the team to negotiate a cooperation with Jerry Rogers and Tom Brightman, the two founders of Cyrix. Yifan No. 2 Venture Capital Fund invested 100 million US dollars in Cyrix and obtained 20% of the shares, and obtained a seat on the board of directors of Cyrix. Li Xiaofan became one of the directors of Cyrix.

At the same time, Cyrix began to set up R&D centers in Singapore and mainland China in accordance with the agreement at the time of investment. The R&D center in Singapore is located in the Singapore Science Park where Li Xiaofan's company is located.

The R&D center in mainland China is located in the Donghai R&D Park after the renovation of the old factory building of Shanghai Radio Factory No. 13.

According to Li Xiaofan's idea, these old factory buildings of Shanghai Radio Factory No. 13 were carefully designed, and transformed into a brand new LOFT office space by adding columns and floors inside, replacing doors and windows, building new doorways, adding sightseeing elevators, and installing central air conditioning.

The designer retained the original building's rough brick walls, steel columns and other structural features with old-fashioned industrial aesthetics, which formed a strong contrast with the fine craftsmanship of the newly added parts, creating a visual impact and giving people a modern aesthetic feeling.

The renovated Donghai R&D Park makes the old industrial building glow with modern art, which is very tasteful and unique among the high-rise office spaces in Shanghai.

When Li Xiaofan, Lin Muchu and others accompanied Jerry Rogers and Tom Brightman to inspect the Donghai R&D Park, the warm golden sunlight in autumn shone into the room through the bright glass.

The loft office space has high ceilings, freely divisible spaces, and large areas of translucent glass, which make the entire office space full of sunshine and creativity. The sofas placed around the office area provide a comfortable rest area, and the embellishment of artworks and green plants makes people feel very comfortable, which fully meets Li Xiaofan's expected effect.

Academician Ni and his Lianhai Microelectronics Design Center have moved in to work.

Jerry Rogers and Tom Brightman fell in love with this R&D park at first sight. They looked at the old lathes, radio processing and testing equipment and other features that are signs of the times and the internal items preserved in it, and said to Li Xiaofan:

"Li, we like this office space very much. Let's put our first R&D center in mainland China here!"