1980 My Literary Era.

Chapter 861 ITC Compass

Lin Weimin said he wanted to inspect Aitexin, but of course it was just a pretense. Their Chinese Literature Society is not a serious venture capital company, and they don't even have a talent pool related to the Internet. If they go to inspect it, they will be in vain. If they can't even listen to what they introduce. I understand, isn’t it embarrassing?

However, there is always a certain amount of pretense, so Lin Weimin specially called Lei Jun over to support the scene.

Atesin's corporate office is located in Everbright Building, just on West Chang'an Street. It is one of the earliest office buildings built in China.

Atesin is a small company. After entering the door and passing the front desk, the most eye-catching thing in the office is the writing board filled with project implementation procedures. The densely drawn drawings on it are the three Chinese characters for "compass".

Lin Weimin asked Zhang Chaoyang with great interest: "Is this the column that your website will launch soon?"

"That's right. It's coming out soon, this month."

Speaking of the company's upcoming column, Zhang Chaoyang's face showed some confidence.

Lin Weimin brought Lei Jun with him today. Zhang Chaoyang was responsible for introducing the current situation of Aitexin Company to the two. After listening, the two whispered a few words from time to time.

After seeing the situation of the entire company, Zhang Chaoyang invited Lin Weimin and Lei Jun to his office.

Lei Jun said frankly: "Mr. Zhang, I think your Aitexin website is too primitive. Except for a few databases shared with others, there is only a little content about cooperation with others."

Lin Weimin had already told Lei Jun that his mission for this trip was to find trouble, to find trouble hard.

In business, if you don't find faults, how can you bargain?
Lei Jun's speech was very simple, but every word struck the point like a knife.

Although Aitexin already has its own website, there is nothing that can reflect its technical advantages and product potential. Even the server and database are shared with ISI.

In terms of website content, it only has some simple content cooperation with the "Boutique Shopping Guide" and "Novel Monthly", and the rest is just a bunch of links, which is lackluster.

Lei Jun's words made Zhang Chaoyang feel very unhappy, but Lei Jun said there was nothing wrong with him. He could only defend himself for a few words and then looked at Lin Weimin and pinned his hopes on him.

"Chaoyang, I don't know much about technology, but your company's current products do seem a bit crude, and we still need to work hard!"

"I admit this. But just now you have also seen our cyberspace. This month it will become the 'ITC Compass'. It will implement navigation and search concepts. In the future, it will definitely be able to provide us with Aitexin bring a large number of users.”

When Lin Weimin heard this, his face was calm and he was silent. Zhang Chaoyang was very nervous when he saw this.

"Chaoyang, what's your valuation of Atesin? How much do you plan to charge for it?"

After pondering for a long time, Lin Weimin finally spoke. Zhang Chaoyang felt like listening to the sound of heaven, with an irrepressible joy on his face.

He tried his best to restrain himself and said cautiously: "The valuation is 300 million yuan, and we can sell 20% of the shares."

300% of 20 million, that is 60 meters, equivalent to nearly 500 million yuan.

The young man looks timid, but he has a really big appetite!

Lin Weimin said nothing. He glanced at Zhang Chaoyang and then at Lei Jun. Lei Jun immediately knew that he had to work.

"Mr. Zhang, with all due respect, although I don't know much about venture capital, Teacher Lin told me that your company's first round of angel investment raised 22.5 yuan, and the investors took 30% of the shares. The valuation is $75.

We have also seen the development results of your company this year. Do you think it is worth a valuation of 300 million? "

Lei Jun's words were not polite. He came today just to be a popular person.

Of course, Zhang Chaoyang also knows that the current Aitexin is not worth 300 million US dollars, but the price of doing business is sky-high, so he will pay back the money after landing.

Seeing Lei Jun's tough attitude and Lin Weimin's silence, he softened his tone.

"Teacher Lin, what do you think..."

Before Lin Weimin could speak, Lei Jun said: "Mr. Zhang, your company invited Mr. Lin on your own initiative. Shouldn't you take the initiative to show your sincerity in cooperation?"

When Zhang Chaoyang saw that Lin Weimin was still reluctant to express his position and Lei Jun was aggressive, Zhang Chaoyang hesitated and said, "The 260 million-meter knife."

Lei Jun didn't wait for Lin Weimin to express his position, shook his head and said: "80-meter knife."

Zhang Chaoyang almost jumped up when he heard this number, "No, no, 80 meters is too low."

……

The two fought for a long time, but Lei Jun refused to give in. Zhang Chaoyang was anxious and helpless.

He couldn't help but look at Lin Weimin, and said with a bit of pleading in his eyes: "Teacher Lin, we are very sincere in our cooperation..."

Seeing that the heat was almost there, Lin Weimin said: "Let's do it. Based on the valuation of 150 million, we want 30% of the shares."

Lin Weimin suddenly increased the valuation from 80 knives to 150 million knives, and Zhang Chaoyang was naturally happy.

But the sudden acquisition of 30% of the shares was a bit beyond his psychological expectations.

If he takes out these 30% shares, his shares will be diluted to only 49%.

Lin Weimin seemed to see what he was thinking, and said calmly: "Building a company is like making a cake. If the plate is not big enough, there will be no prospects. Besides, our Chinese Literature Society and the investors from the United States don't know each other."

His words made Zhang Chaoyang feel relieved. Zhang Chaoyang gritted his teeth and said: "Valuation of 150 million yuan, 25% of the shares."

Lin Weimin looked over, and Zhang Chaoyang felt a huge pressure, but he still maintained his expression, seemingly confident and calm.

"it is good!"

After a moment, there was a decision.Zhang Chaoyang couldn't help but jump for joy, and the energy he had just drummed up suddenly evaporated.

He couldn't wait to stand up and stretched out his hand to Lin Weimin, "Teacher Lin, thank you for your trust in Aitexin."

Lin Weimin stood up and gently held Zhang Chaoyang's hand.

"It's not that I trust Aitexin, but that I trust you, Zhang Chaoyang. Chaoyang, don't let me down."

Lin Weimin's words were thoughtful and thoughtful, showing a deep appreciation.

Hearing this, Zhang Chaoyang felt a warm current in his heart and his eyes were firm, "Teacher Lin, please rest assured, I will never let you down."

Lin Weimin nodded, "Well, I believe you!"

After coming out of Aitexin Company, Lin Weimin said to Lei Jun: "Thank you for your hard work this time!"

"Mr. Lin, you are so polite. This time it opened my eyes. I have only heard of venture capital before, but I have never participated in it."

Lin Weimin smiled and said: "We can't talk about being formal."

"Chinese Press's investment in Aitexin is already the first of its kind in China. Other public institutions and state-owned enterprises do not have such courage."

These words were not a compliment from Lei Jun, but came from his heart.

If these state-owned enterprises in China today had the vision and structure of Teacher Lin and the Chinese Literature Society, they would not have developed to the point where they must be reformed.

Back at the Chinese Literature Society, Lin Weimin called Lao Zhou and Lao Cheng to the office.

Hold a general meeting to do small things; hold a small meeting to do big things.

Lao Zhou and Lao Cheng listened very consciously and quietly to the results of Lin Weimin's visit to Everbright Tower today.

Lin Weimin had already been angry with the two of them beforehand, and this meeting was just to talk about the final results of the negotiations.

When he heard that "37.5 yuan was to be exchanged for 25% of Atesin's shares", Lao Cheng couldn't help but asked: "Listen to what you said, for a company as big as theirs, all the wealth combined would not be enough." 30 yuan is worth 150 million meters?”

"The physical assets of the Internet industry are not important. What is important is people, ideas, and ideas." Lin Weimin said.

Lao Cheng said: "I don't care what I love, daddy. If you convert 37.5 meters into RMB, that's 300 million. You have to think about it."

"Only 300 million, look at your virtue, I don't even bother to talk about you." Lin Weimin despised Comrade Lao Cheng's small belly.

Lao Zhou on the side also echoed: "That's right. You, you have to change your problem. We only made [-] million from "Hero", but we still have this little money? To do big things, you have to have a plan!"

Lao Cheng threw the contempt he received from Lin Weimin to Lao Zhou, "You are the only one who has the pattern? Do you know what the Internet is?"

Lao Zhou chuckled, "I don't understand, but the people understand."

Lao Cheng despised him even more.

"Okay, okay, you two, don't argue for now." Lin Weimin persuaded and said: "Investing in Aitexin is our Chinese Literature Society's test of the Internet. The development of the Internet and computers must be important industry directions in the future. , and will profoundly affect the real economy. Of course, this is just my personal opinion. 300 million yuan is not much, just consider it as planting a flag in the Internet field first."

Lao Cheng muttered: "I didn't say I disagreed."

"Yes, yes, I understand, you are considering the price issue!"

Lao Cheng has been planning carefully all his life. Although the Chinese Literature Society has become a big business, he still has not adapted to it. Lin Weimin fully understands this.

After the meeting of the three giants, the investment in Atesin was finalized.

Of course, the conference still needs to be held symbolically.

What if there is anyone who doesn’t agree with it?

Unfortunately, facts have proven that the decisions of the Big Three are extremely wise and have been unanimously supported by many comrades.

The next thing is simple. Lin Weimin signs the investment agreement on behalf of the Chinese Literature Society, pays the money, and finally makes the industrial and commercial changes.

It took two days for Guowenshe to become the second largest shareholder of Yanjing Aitexin Information Technology Co., Ltd.

After the second financing, Atesin’s current equity structure is 52.5% for founder Zhang Chaoyang, 25% for Chinese Literature Society, and 22.5% for foreign investors such as Professor Edward Robert and Professor Negroponte.

If Zhang Chaoyang wants to introduce new investors, he must obtain the consent of shareholders such as Professor Edward Robert and Professor Negroponte.

No matter how difficult it was for Zhang Chaoyang to get money from them when financing, they were Zhang Chaoyang's bosses after all, and their cooperation was indispensable for financing.

It was not difficult to convince several American investors. When the two invested in Atesin, the unfounded company was valued at only $75.

Now one year later, the valuation has become 150 million US dollars, which means that the value of the shares in the hands of the two people has doubled. They are already very satisfied with this result.

After all, Aitexin did not produce any convincing results this year.

The fact that there are still people willing to invest at this juncture can only prove that this investor, just like them at the beginning, has taken a fancy to Zhang Chaoyang and the huge potential contained in the Chinese market.

The matter of Guowenshe's investment in Aitexin was settled, and Aitexin Company had enough food and grass. Zhang Chaoyang confidently renamed the original cyberspace of their website "ITC Compass" and prepared to officially launch it.

(End of this chapter)