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

Chapter 79 Chapter 078: Series A financing successful!
"A price-to-earnings ratio of 20 times? This is a price-to-earnings ratio that only ordinary electronic technology can dream of! In fact, is the technology I consider an ordinary electronic technology company? Wrong. What I do is actually a combination of the Internet industry and the electronic technology industry. business! What we do is not just a one-time deal like buying a casket for a pearl, but more importantly, our product power is very strong. We don’t need companies that hype Internet traffic. We only have traffic, but traffic cannot be cashed out! "

"Now our products have achieved positive cash flow, and the door to positive iteration and development has been opened. We have launched 2 products in 5 years. I will launch more products in the future. If If it works well, it won’t be a problem to double sales next year!”

"How is it possible that you only gave a conventional valuation to such a company?" Gao Huaijun continued without waiting for Wang Ji's answer.

Wang Ji was dumbfounded for a long time, unable to believe that Gao Huaijun made such a high request!

There are so many conditions and yet they are so strong.

Either a super star, or a super braggart.

This kind of treatment made Wang Ji a little bit unable to deal with it.

"Mr. Gao, not many people dare to sign this kind of offer! Your sales this year are only 8000 million. Now let us invest 8000 million. This risk is really too great! You can come up with such conditions After listing, all companies will become super blue-chip companies!" Wang Ji said with a wry smile.

He didn't expect that Gao Huaijun would dare to raise such high conditions when he negotiated with such sincerity.

If it were a big company like Gao Sheng, and if they knew the conditions of Hillhouse Technology, they would probably stop eating and walk away.

"I admit that this is indeed a relatively high premium price. However, you should know the history of Hillhouse Technology. In 03, we were still a small electric fan factory. At that time, our sales were only 300 million yuan. Not even there!”

"But now, in just 2 years, our sales have exceeded [-] million yuan!"

"Venture investment, venture capital, risk comes first, investment comes later. What we want is a high return in the later stage! Without high return in the later stage, you shouldn't have dinner with me at this table!" Gao Huaijun said calmly. smiled.

Wang Ji nodded.

Indeed, the future path of Hillhouse Technology is not yet completely clear, and now is a period of asymmetric information gaming.

Gao Huaijun felt that he had higher potential, so he was unwilling to sell the company at a low price.

VC companies, on the other hand, do not believe that Hillhouse Technology can have a stronger future rate of return, so the price-to-earnings ratio valuation is very low.

The two are inherently in conflict.

To achieve a state of Pareto optimality (intermediate microeconomics game theory, Pareto optimal refers to an ideal state of resource allocation), you can still look at how high the expected value of both parties (their respective ability to draw a pie) is!
Investment, to put it bluntly, depends on your ability to tell stories and write exciting articles about entrepreneurship.

From the perspective of VC, if you can fool me, I will invest!
Since you can fool me, you can definitely fool bigger investors!

In this way, even if this company cannot be listed, if I make a little profit in the middle, the probability of getting off the market will be very high!
"Well, I'm a cheerful person. Not much else to say. What do you think of the 7000 million offer?" Wang Ji remembered what his friend said and felt that such an opportunity was indeed rare, so he gritted his teeth and surpassed his own psychology. As expected, given such a price.

Gao Huaijun was overjoyed!
He was actually just a little provocative just now, but he didn't expect Wang Ji to really make such an offer!

With this money, at least within one year, there will not be as big a bankruptcy crisis as there was in the previous two years!
And you can also try to make some more difficult products.

As he said, "There is no problem with the offer, but I have my word first. I welcome Jiahe Investment to come in, but I will not guarantee any rights! When I start from the B round, I will use international capital to provide Hillhouse with the future Get ready for the listing of technology!" "At this point, I want to explain in advance. Jiahe Capital will not have any preferential investment rights at that time."

The vice president of Jiahe Investment on the side looked at Gao Huaijun dumbfounded.

It’s enough to eat this soft rice with such hardness!
This is equivalent to giving me money, and you can just watch the show next to me!
This is the first time he has seen such a strong financing customer!

Wang Ji laughed at himself.

He felt strange in his heart. This feeling was as if Jiahe Investment was like a hot goat pursuing the goddess, and all he could do was kneel down and lick her.

"This is not a big problem! Mr. Gao, you will need my shares in the future to ensure your right to speak in the company. I can sign a partner concerted action agreement with you. This can be signed when you buy shares. Does Mr. Gao have any other needs?" Wang Ji asked .

"Mr. Wang, your family fund needs to control a certain proportion of the 10% of the shares. It doesn't have to be a lot, but it must be there. You can control this proportion yourself." Suddenly, Gao Huaijun made a very big question. Weird needs.

Wang Ji was shocked!
It turns out that his core appeal is here!

No wonder he is willing to discuss cooperation with Jiahe Investment, a second-rate VC on the market!
"That's no problem!" Wang Ji nodded.

He had already said this, and Gao Huaijun said nothing more. He immediately said with a smile, "Next week I will ask our company lawyer to contact your company's legal department and then sign an investment contract. What do you think, Mr. Wang?" ?”

Wang Ji was quite excited and blurted out, "After the contract is signed, the money will arrive within seven days!"

Gao Huaijun was overjoyed!
Although such investors are not very famous and cannot be of much help in leading the later Series B round and preparing for the pre-IPO in the later stage, they are still very practical at the current stage.

Moreover, he is also very practical, and it is self-evident that he will help in some hidden aspects in the future.

When doing business in China, you can't do it alone, even if you have a golden finger with poor rebirth information.

Unless, you go abroad to open a company.

However, that kind of risk, coupled with the unfamiliarity with the local conditions, is huge!

"Congratulations! Such a young billionaire!" Wang Ji raised his head and smiled to shake Gao Huaijun's hand.

"Congratulations! Let's cooperate for a win-win situation in the future!" Gao Huaijun said with a smile.

As for Wang Ji, he really wants to make some achievements now, and Hillhouse Technology, such a high-potential enterprise, has just been won, and he feels like he is dreaming.

You know, when his friend's company was twice as big as his, when he sent a message to Gao Huaijun to make a quotation, Hillhouse Technology was just being polite and didn't give a shit about him!

Now, this goddess actually signed a contract with Jiahe Investment so readily, it was like a dream for him!
People!

Sometimes it really depends on luck!
Good luck is coming, and I really can’t stop it even if I want to!
(End of this chapter)