The leisurely life of rebirth

Chapter 77
After Ye Shengde introduced the two parties, he excused himself and left. After all, it was not good for him to be an outsider when it came to investment.

Zhou You took Zhang Yiming to the small cafe next to the first floor and found a private place to sit and chat.

"I heard that Mr. Zhang was working on an interesting software. I happened to have dinner with Mr. Ye yesterday, so I asked him to help introduce it."

Zhang Yiming was sitting across from the crowd, thinking about how to organize his language so that laymen could understand it. After all, he had met many investors before, and none of them understood what he said, so they were not interested in continuing to invest.

“I won’t talk about my previous entrepreneurial history. This time I mainly made an artificial intelligence algorithm that can calculate the user’s preferences based on the user’s clicks and browsing. In this way, in the future, I can continuously push the content that the user likes, thereby enhancing the User stickiness.”

He stopped, looked at Zhouyou and listened with great interest, and continued: "This is completely different from the previous portals. It turns out that you can see whatever is on the website, and you can only see what is on the main page. There is nothing you can do about it." According to their own preferences, or users, it takes a lot of effort to choose the content they like.”

Zhou You really listened with gusto, and everyone has said it later, but it is also a very happy thing to hear the founder tell you face to face: "This idea is good, it is indeed interesting, but is it technically difficult?" ?Can it be done?”

"At present, we have a preliminary framework, but as a new technology, we will definitely encounter various difficulties in operation. From a technical point of view, this needs to be updated and patched at any time."

Zhou You also asked a question for future generations: "Will this form an information cocoon? That is, the content that users see is what they like to see, but in fact we all know that the world is very complicated. If we do not maintain our own vision, Open and easily tethered to information.”

When Zhang Yiming heard what Zhou You said, he immediately put down the coffee in his hand and sat upright, very shocked: "Mr. Zhou has really thought deeply about it. I haven't thought of this problem yet, but if it really comes to this step, it can only show that my The technology is very advanced, and to be honest, I don’t even have the confidence to achieve this level of technology now.”

"Does Mr. Zhang have any requirements for financing now?" After satisfying his curiosity, Zhou You didn't want to know more. After all, it will take a long time to develop in the future. The real take-off will have to wait until the development of short videos.

When the two of them talked about this, it was time for the real drama. Zhang Yiming mentioned the financing needs many times, from getting higher to lower.

"At present, my team is almost ready. In the early stage of starting a business, we are not planning to rent a good place. I am planning to find a larger place in the suburbs." Seeing Zhou Youting, he nodded repeatedly.

No investor likes spending money lavishly when you first start a business.

"As for me, due to many failed business ventures, I don't have much capital, but I also invest a little. My current ideal goal is to raise 500 million, but the maximum shareholding is 20%." Zhang Yiming also said it hard, although he said to himself The prospect is very good, but others are not optimistic about it.

Zhou You smiled: "It seems that Mr. Zhang is very confident in his product. He doesn't even have a mature product, but he dares to value it at 2 million."

Zhang Yiming's face turned slightly red. He knew that his valuation was indeed high. It had been even higher before. This was why he had never been able to find anyone to invest.

In this era, the Internet bubble has burst, and a new Internet bubble has not yet emerged.

But, if you ask for a lot of money, I will pay you back on the spot.

"Mr. Zhou, this is a new direction. I believe the new technology has great potential in the future." Zhang Yiming insisted on his bottom line.He was also prepared to fail again this time. "This amount is not much, 500 million is no problem, I'm out." Zhou You saw that Zhang Yiming was about to be disappointed

"But the shares are indeed a bit small. Mr. Zhang knows that my kind of investment has the highest risk, so don't go too much, 25%, to reserve your share of future financing."

What else do you want to say when you see Zhang Yiming?
Zhou You then said: "This is just an initial investment. If you encounter financing difficulties later, you can continue to come to me, and I want priority investment rights. This is also my requirement for investing in most projects."

Zhang Yiming's mood was like riding a roller coaster today, sometimes high and sometimes low, sometimes soothing and sometimes exciting, and he was so amused by Zhou You that he felt like dying.

With a ratio of 25%, only investing 500 million reduced the company's valuation to 2 million, which was actually within his acceptance range. After all, it was just an APP to him, and he really felt in his heart that it was not worth so much. money.

The priority investment right behind Zhouyou is not a condition for him, but more like a benefit.

"Mr. Zhou is really refreshing, but I want to go see our start-up team." Zhang Yiming's heart was pounding, but he had seen a big scene, so he calmed down and said.

"I won't go there. There's nothing interesting about developing technical software. I'm mainly interested in your concept. I hope we can maintain communication and continue cooperation in the future. If you have no objection, just draw up an agreement and send it to me. Once the consultant sees that it’s OK, I can invest.”

"I don't have any problems here, and I'm grateful for Mr. Zhou's trust. I didn't expect that it would be an honor for me to meet Mr. Zhou today." Zhang Yiming really didn't expect that he would be able to successfully raise funds today.

Zhou You thought for a while and said: "As a first-round investment, I think Mr. Zhang also knows that the risks are very high, so the 15% of the shares can be diluted by financing according to normal market behavior, but I hope to enjoy the remaining 10% of the shares." The same conditions and treatment as Mr. Zhang, this must be written into the investment agreement."

"This is also what should be done, in order to protect the rights and interests of investors, especially the initial investors." Zhang Yiming has started his own business many times. He knows the difficulties and risks of starting a business. I don't know how many people have lost all their investments. He is happy agree.

After reaching the initial intention, the two chatted there for a while, and Zhang Yiming talked about his past entrepreneurial history of blood and tears.

Zhou You talked about his investment failures and successes, including the latest film and television investment results, which also aroused Zhang Yiming's envy.

After all, the reward ratio for success is too high, but if you ask Zhang Yiming to do this business, Zhang Yiming will not be able to do it because he has no capital.

Later, when the company grew bigger, Zhang Yiming had original capital and inevitably embarked on the path of investment expansion.

Zhou You originally wanted to treat Zhang Yiming to a meal at noon, but Zhang Yiming was eager to go back and tell the team the good news about the investment to stabilize the morale of the army.

We are even more anxious to draft the investment agreement and try to send it over tomorrow!
(End of this chapter)