Rebirth: Fight For Life

   Chapter 210 Five-digit qq number

   That night, in a restaurant box not far from the Fiada Building, Gu Song really saw Brother Ma.

   Not only is he here, but there are 3 penguins and five tigers.

  Although Gu Song's own industry is not small now, he still has a feeling of seeing a superstar.

   He shook hands respectfully to Brother Ma, and Brother Ma also greeted him respectfully.

   What Brother Ma thought was that people were more popular than others, and he was worried about money. This guy was already throwing money everywhere at such a young age.

"Sanshi and I were the same month in the same year. I heard him say that thanks to the full support of President Gu, the situation of NetE has been fully improved." After sitting down, there is no fundamental difference between Xiao Ma and the others. They also use common acquaintances. Get closer.

  Gu Song sighed that he had wealth and industrial blessings, and even Xiao Ma had to get closer to him.

But he didn't forget the purpose of the day: "I call him Ding Ge, so I will call you Ma Ge. Today, Mr. Li didn't explain it clearly. Now that Ma Ge's founders are here, I don't know what the idea is. ?"

   Brother Xiao Ma and several brothers looked at each other, sighed and said, "To be honest, this was a decision we made when we were desperate, but now we are not reconciled."

  Gu Song listened intently: "How do you say it?"

"Compared to Mr. Gu's skillful operation of investing by himself, we were too naive at the time." Brother Ma first made a flattery and then said, "For the two financings, we were eager to raise a little more money. Keeping it in our pockets, QQ is too expensive. For this, as long as we can still have the greatest right to speak, we think we can all accept it.”

"MIH's valuation was very high at the time, and the US$60 million was far beyond our expectations. However, this financing was not in the form of capital increase by new shareholders and dilution of shares by original shareholders. 20% of Yingke Digital was sold, and IDG only 7.2% remained. Although MIH accounted for 32.8%, Penguin did not leave any operating funds. After changing shareholders, the valuation increased, but there was no money in the pocket. How could this be done? At that time, Penguin was burning money every day, but No income yet."

   Brother Xiao Ma talked about those days, and Li Qing and several others showed a wry smile.

   It’s really unbearable to look back on. On the one hand, more and more users recognize their products, on the other hand, they have no income and can’t find money to maintain operations.

Brother Xiao Ma sighed: "MIH is very confident in us and proposed a listing plan. In order to go public, the financial management must begin to be standardized, and the operating structure must be adjusted. These are all second, and the most important thing is that the operating capital must be sufficient and able to We successfully completed the listing in the best possible way. In this case, we signed a convertible debt with MIH. We collected 13.5% of the shares in our hands, and exchanged 60 million US dollars for 8.1 million US dollars. Let the penguins survive to this day."

  Gu Song realized that his guess was correct.

  46.3% does not exceed the bottom line of the founders' right to speak, if MIH is 46.3%, apart from IDG's 7.2%, Xiaoma and the others still have 46.5%.

   But the gap of 0.2% is really... Agreeing to this plan, in addition to really needing money, it is indeed for listing.

   "Since someone was willing to invest in Penguin at a valuation of 60 million at that time, why didn't they choose to introduce new shareholders?" Gu Song asked suspiciously.

   Brother Xiaoma shook his head: "Where was the time at that time? The market was not good. To be honest, we didn't think it was worth $60 million at that time. How much was NetE worth at that time? How much was Xinchao Net worth?"

  Gu Song really felt emotional about MIH's courage.

   At that time, let alone 60 million, MIH reported 10 million US dollars, and the investment might be successful.

   But it's too late to say anything. Gu Song said with a smile: "Let's go back to the present. Do you mind if MIH gets the 13.5%?"

   Brother Xiao Ma said with a bitter face: "Of course I mind. In fact, MIH is a good investor, but he always wants to get a higher proportion of shares, which is too risky for us."

  Gu Song nodded. He is also the person who runs the company by himself. The right of the founding team to speak is too critical. Listening to Xiao Ma's current distress, I am afraid that the design of AB shares has not been done yet, unlike Ma Jack, who designed all this early.

   "Since this is the case, what do you think about the 13.5% stake now?"

   Brother Xiaoma said: "For us, the ideal situation is to borrow money to redeem. I don't know if Mr. Gu will accept it? We can give an annual return of 30%."

  Gu Song shook his head: "With nearly ten million funds, I invested in other places, and the annual return is far more than 30%. Brother Ma, you still have to talk about the actual plan."

   Little Ma is helpless. During this period of time, in order to solve this problem, they did not think less.

   itself is when the market is tense, it is really difficult to raise such a large amount of money. First, Penguin has not been listed, and secondly, the profit data is also unstable. Even if they want to do equity pledge loans, they have not found a way to agree.

   Seeing that the date of MIH's exercise of the equity conversion is getting closer and closer, Li Qing also had to think of a way, so he contacted Jian Yushu.

   Brother Xiaoma said: "If Mr. Gu wants the 13.5% stake, the price can be much higher than $60 million, and MIH's priority is in his hands."

  Gu Song asked: "You directly say, how much money is needed to make it easy to operate."

Brother Xiao Ma looked at each other again, and he said, "If the new owner wants to enter the market, you have to pay double the price. If you take this 13.5% stake, you will give MIH twice the return of US$8.1 million. "

   That's $16.2 million.

   The last time Yanjing begged, Flint Capital got a partner investment of 30 million US dollars. Of course Gu Song can take this money now.

   But he did not expect that the Penguins would enter the game in such a way and condition.

   "Is this the agreement between you and MIH?" Gu Song asked.

Brother Xiao Ma shook his head: "It was not stated that this method can be used. If you want to operate, you need to talk to MIH. If Flint Capital lends us private capital, we only need to use 10 million to buy back. The latter part of the equity, We can also hold on behalf of Flint Capital. But presumably you will not agree with this method, so it is up to us to persuade MIH.”

  Gu Song was stunned for a moment. If he held it on his behalf, it would be much more troublesome to pledge and sell it later.

   "What if, like Brother Ding, I enter the game and the voting rights are directly delegated to you?"

   Brother Xiaoma was delighted: "Mr. Gu is willing to entrust the voting rights to us? Then let's talk to MIH."

  Gu Song nodded: "I would like to emphasize the domestic industry resources that Flint Capital and I have now. Presumably these things are also useful for the development of Penguin, and the future listing will be more certain."

  Brother Ma, let go of the big things in your mind, and it’s good that someone is willing to take action.

   This time, the people at the table are like a family.

  When the wine arrived, Gu Song grabbed Brother Ma's shoulder and said, "I just can't stand our Chinese listed company. The biggest shareholder in the future will be foreign!"

   Little Ma said yes.

   "If you want to make a game, Ma, you must talk to me!"

   "Of course, you have Aiyou.com in your hand!"

   "You can't be a gaming site too!"

   "Uh, no such idea."

   "Is there still a 5-digit QQ number?"

   "...there are some dead numbers that have never been used."

  Gu Song was overjoyed: "Cancel it for me!"

   Every company, the process of growth is not easy. Crazy for recommendation tickets! At the same time, let me say that today my daughter is 1st birthday, only two chapters will be added, and one chapter will be added later.

   (end of this chapter)