I asked you to save a bankrupt factory and you became the richest man in the world.

Chapter 77 Chapter 076: Jiahe Investment came with sincerity today!

Gao Huaijun's performance made Wang Ji worried.

Now so many people are eyeing the company Hillhouse Technology, which means there will be more competitors than expected.

According to his observation, more than 10 VC companies have successively exchanged business cards with Gao Huaijun at the Internet Annual Meeting in the past two days.

This does not include those big bosses who can directly talk to Gao Huaijun.

Although Tang Yuan was Gao Huaijun's classmate, that was only the first step in building a relationship. When it came time to actually talk, it was still full of unknowns!

After all, being in this state between hope and possible rejection is really confusing!
After a tiring day, on the afternoon of the second day of the Internet Annual Conference, Gao Huaijun arrived at the Lijia Cuisine private restaurant at No. 11 Yangfang Hutong, Houhaibian, the imperial capital, as scheduled by Wang Ji.

Because this private restaurant is very small, it can only accommodate 3 tables.

So Wang Ji was so wealthy that he took over the entire restaurant today.

Before entering into equity negotiations with Gao Huaijun, Wang Ji also wanted to show off his strength.

"I'm sorry! Mr. Wang, I've been busy these past two days, so I was really negligent." Gao Huaijun apologized to Wang Ji as soon as they met.

"It's a joke, it's a joke! If you come over this time, I'll treat you to a meal of the very special Li family cuisine in Lao Didu!" Wang Ji said, making a gesture of inviting him in.

Gao Huaijun walked in, smiled slightly, and said, "I wonder if Mr. Wang can tell me what's interesting about this Li family dish."

"The old man of the Li family, Li Zijia, had been in charge of the imperial kitchen and knew some of its ways. Later, when his family fell into decline, the descendants of the family integrated the royal recipes in his memory, so this became the imperial capital. The famous Lijia cuisine!" Wang Ji was very familiar with this area and talked about it with great enthusiasm.

"That's quite interesting. I thought the specialties of the Imperial City were roast duck, burnt rings, and bean juice." Gao Huaijun sat down at the main seat and said with a smile.

"Hi! I can't get used to eating those things. In ancient times, they were all invented by poor people. The bean juice is so bad that it's hard to swallow." Wang Ji shrugged and said helplessly. .

Gao Huaijun on the side laughed dumbly. This Wang Ji was quite funny.

He then smiled and said, "Mr. Wang is quite funny. It seems that besides being busy with work, he also cares about life."

"Haha! I am a person who is familiar with both the Imperial Capital and Jiangnan. Take our dinner party as an example, the Imperial Capital and Jiangnan are very different." Wang Ji personally poured Gao Huaijun a cup of pre-dinner tea and talked with a smile. .

"Oh? What's the difference?" Gao Huaijun took a sip of tea and became interested.

"Take our dinner party as an example. There is a big difference between Imperial Capital and Jiangnan!"

"For this meal in Magic City, for example, if I go to Magic City on a business trip, and I want to have a meal with you through a friend, then this friend must have said at that time that I will ask, and then ask you, and then say when I am free, and then That’s it, I won’t agree to it on the spot.”

"But when we get to the Imperial Capital, the dinner party in the Imperial Capital is different: I know this Huaijun well. I was with him yesterday. He came whenever I asked him to come. I asked him to come immediately!"

"But, this matter is not that easy to handle. We can't just call him over. But we have already promised him, so what should we do?"

"It's such a bad luck today. He has a bureau in another place. Otherwise, we would have to wait until after three o'clock before he could come. How about tomorrow?"

"I found out the next day that he hadn't come yet. He said he was sick today and he really couldn't come today, so can you wait another day? If you wait one more day, I will definitely make an appointment for you."

"On the third day, I still can't get a date and I can't stand it anymore. What should I do? Sit down and say, 'How stupid is Gao Huaijun? There are so many young talents, why do you want to eat with him?"

Gao Huaijun, who heard Wang Ji's words from the side, couldn't help but burst out laughing, "What you said about this dinner party in the Imperial City is really wonderful!" This guy is really a wonderful person!

Seeing that the atmosphere was almost lively, Wang Ji personally poured Gao Huaijun a glass of Maotai Feitian 52, and then said congratulations to Gao Huaijun, "Mr. Gao, I would like to congratulate you first!"

Gao Huaijun was stunned for a moment and couldn't help but ask, "Mr. Wang, why do you congratulate me as soon as we meet?"

Wang Ji smiled and said, "I heard that your company's M3 sales have exceeded 4 units, and sales have exceeded 8000 million. In any case, this year's sales have exceeded [-] million and hit [-] million, which is very promising. It’s over!”

"During this period, although my main focus has been on the development of the Internet, I am still very concerned about the electronic technology industry."

Gao Huaijun was speechless.

He then smiled and said, "The M3 product also happened by chance. It exploded during the Chinese New Year. I was a little lucky. The sales volume of the product has dropped back."

"The current monthly sales are only a few thousand units."

In order to continue the hot sales period of M3 and attract more players, Hillhouse Technology once announced a sales node of 4 units in a high-profile manner. This was also the core reason that attracted the attention of the VC industry.

He didn't know what Wang Ji's purpose was in inviting him here today, so he just said it casually.

Wang Ji nodded, "That's quite impressive. I just learned that during that time, M3 was even sold out in Changjiao. Even in the Imperial Capital and Zhujiao areas, M3 appeared."

"With such a big hen that lays golden eggs in his hand, it's no wonder that Mr. Li dared to spend a lot of effort to raise a R&D team of more than 300 people. But this R&D-to-sales ratio of more than 30% is, for a start-up company, this It’s a very difficult thing!”

Gao Huaijun's eyes flashed with a strange light.

Although it was just a few casual sentences, Wang Ji had clearly investigated Hillhouse Technology.

In such a short time, the energy of this company is not as simple as imagined!
"Hillhouse Technology is actually not that short of money. Our current sales volume is not bad, and our stall is not large. We don't have such large fixed expenses that require capital flow to intervene." Gao Huaijun calmed down and answered directly.

"The exaggerated R&D-to-sales ratio, the internal and external channel system that urgently needs huge sums of money to build, and the overly concentrated product line all require money to maintain. When the company encounters a business crisis, there will be no VCs to provide money. "

"I have done a lot of investing. A company is often short of money in the early stages of starting a business. When it develops to the middle stage, or even after it is listed, unless it has a very aggressive investment policy, it generally will not be so short of money. Starting a business It’s not a bad thing for a company to be short of money in the early stages.”

Wang Ji and Gao Huaijun clinked their wine glasses and spoke slowly.

Gao Huaijun nodded.

Generally, after the company has gained a certain reputation, the company can even cooperate with banks to provide corporate credit, or conduct multi-channel financing through OTC bond trade.

On the contrary, companies in the early stages of entrepreneurship do not have much reputation, and banks naturally do not trust them. In addition, there are few natural collaterals that can be pledged. Therefore, generally speaking, it is difficult for small and micro enterprises to borrow money, and they usually rely on the founders. If you can hold on to your own investment, or you can get a lot of VC money, you can get out of this stage of entrepreneurship that is the most dangerous and has the highest mortality rate!

This Chinese people pay attention to discussing business at the wine table.

Wang Ji saw that the heat was almost over, and he felt a little unbearable. Seeing that there were only two parties present, there was nothing to hide, "I have heard that Hillhouse Technology is going to close the A round recently, and I also heard about it. Jiahe Investment came here today with sincerity in the quotations given to you by the industry!"

. . . . . .

PS: Since tomorrow is the last day to watch the fourth round, I will update at 23:50. Please support!

(End of this chapter)