China Entertainment’s rescue plan is hard to come by

Chapter 173: Starting the chariot of capital [Please subscribe]

In Sun Yi's office.

Hearing Wang Xing mention the difficulties currently faced by Xiaonei.com, Sun Yi understood that this was a common problem for Internet companies in the early stages of starting a business, and the money was burned out.

"Mr. Wang, haven't you considered financing?"

Sun Yi made a suggestion.

As an Internet practitioner, how could Wang Xing not consider this?

I saw him smile bitterly and said:
"We also went to seek financing, but various investment companies either expressed doubts about our entrepreneurial team composed of more than a dozen young people, or the overall valuation of our website was unsatisfactory. Not everyone in our team recognized it very much."

"So what's the valuation they gave?"

"The highest bidder was only given 1800 million."

After hearing this valuation, Sun Yi also made an estimate in his mind.

He originally invested 200 million, only accounting for 20.00% of the shares. In other words, the overall valuation of Xiaonei.com was only 1000 million.

Don’t look at the current valuation given by investment companies that is 800 million higher, but compare the development of Xiaonei.com in the past ten months. Apart from other things, the number of new registered users has increased five times, and the valuation has even doubled. Not turned up.

It’s really a bit of a trap.

This is the hottest Internet industry in this era.

Although Sun Yi had never eaten pork, he had also seen pigs running away.What the Internet looks at is users. With users, sooner or later, it will be monetized.Moreover, those Internet companies have never raised funds several times, so why did they only get 800 million?

Not to mention Wang Xing and his entrepreneurial team, even Sun Yi himself cannot recognize this number.

"Mr. Wang, indeed, I have the same view as you. This valuation has no sincerity at all."

Wang Xing nodded, hesitated, and muttered:
"There is another investment company now. They don't want to raise money, but hope to acquire our website as a whole. They talked to us at the end of last year, and the price they gave at that time was also 1800 million. But with your investment at that time, we still have If you have money, you won't agree. A while ago, they came again, this time the price was 2200 million."

2200 million, a little more than double.

Sun Yi could barely agree with this number.

After weighing it in my mind, I asked my question.

"Which company is this?"

Wang Xing replied: "Thousand Oaks Interactive."

really.

Just as I guessed, it was the parent company behind Renren.com.

Although Sun Yi became the first person to invest in Xiaonei.com today, history has returned to its trajectory. In the previous life, Qianoak Interactive, which purchased Xiaonei.com for 06 million at the end of 1600, reappeared.

Sun Yi began to struggle.

Should I sell it or not?

If you sell it now, you will immediately receive a profit of more than 200 million yuan.In less than a year, his investment has more than doubled. This rate of return is acceptable in any industry.

However, this is very popular and even a symbol of an era in China, Renren.

Sun Yi's current thinking is very different from last year.

Last year, he was still a newcomer who had just entered the entertainment industry.At that time, his idea was to "make a difference if there are dates but not dates", invest a sum of money, wait for the school network to be sold, and make a lot of money.

But after a year of hard work in the entertainment industry, including a fundamental understanding of the phenomenon of highs and lows in this industry, his mind has completely changed now.

In other words, Sun Yi's ambitions became bigger.

Once you have seen too much, you are no longer satisfied.People are like this. If you have one thing, you want two. He has witnessed the pyramid model in the entertainment industry with his own eyes. Now he thinks back to how ridiculous and naive his original ideas as an outsider were. He is also a producer, director, screenwriter, actor, Ordered.

All of these are wrong. The only one who really has the right to speak is capital. Others are just floating clouds. They are all superficial rights given by capital. You can change when you want, and you have to leave when you are told.

And the current school network is his best opportunity to jump into the capitalist class.

Time is no problem, now is the time when social networks are on the rise, and it can be said that they are about to stand on the forefront.

There is no problem with the project. Even if Xiaonei.com or Renren.com has finally declined, it has at least enjoyed its glory days. When it was listed that year, it had a market value of 80 billion.

Still dollars.

There is no problem with the team. Wang Xing's team has experienced two previous failed entrepreneurial projects. In his previous life, he also took this capital and the same team to create a huge "Kangaroo Factory".

Moreover, Sun Yi now has an advantage. He is already one of the shareholders and can provide suggestions on future development.

The "right time, right place, right people" are all there, all it takes is a little bit of stock wind to take off.

Thinking of this, Sun Yi already had a plan in mind, but he still needed to convince Wang Xing. Judging from Wang Xing's visit today, his current thoughts are probably inclined to sell.

He needs to be turned around.

After thinking for a moment, Sun Yi took a sip of his coffee, and then sighed.

"Hey, Brother Wang, when I saw you, really, it was in a classroom at Qingbei University. It was small, messy, and there was no air conditioning in the summer. There were more than a dozen of you crowded together, and there was nothing. They are full of resentment, but their faces are filled with longing for a better future.”

When Wang Xing heard this, he looked up at Sun Yi and wanted to say something, but Sun Yi waved his hand to stop him.

"It was your fighting spirit for your ideals that moved me and deeply infected me, so I invested in you without hesitation."

The best way to persuade someone is to arouse his empathy.

Sun Yi began to accompany Wang Xing to recall the prosperous years when he started his business, and he even used his acting skills.

Wang Xing wants to sell, but he actually doesn't want to sell either, but he has no choice but to do it. This is a helpless move he has to make.

To Wang Xing and his entrepreneurial team, Xiaonei.com is like a biological son. If not forced, how many fathers would choose to sell their sons.

"Brother Wang, are you willing?"

Wang Xing gasped and said fiercely:

"I'm not willing to give in. I'm really not willing to give in."

Sun Yi stared closely into Wang Xing's eyes.

"Today is cruel, tomorrow will be even crueler, and the day after tomorrow will be wonderful. We cannot fall tomorrow night."

I have to say that Father Ma’s ability to confuse people is really unmatched.

As soon as Sun Yi said these words, Wang Xing's eyes turned red, his fists were tightly clenched, and the veins on the back of his hands moved back and forth.

Across the coffee table, Sun Yi seemed to hear the crunching sound of Wang Xing clenching his teeth.

"Brother Wang, we won't sell it. I'll think of a way to get the money later. It may not be much, but it can keep us going for a while. I believe that the opportunity is waiting for us not far away."

Before Sun Yi finished speaking, Wang Xing stood up excitedly and held Sun Yi's hands tightly, his whole body trembling.

"thanks, thanks!"

　Ask for recommendations, ask for monthly tickets, ask for subscriptions.

　　Thank you!

　　
　
(End of this chapter)