Chapter 1765 Fighting with Li Mu

Lu Yunhao has no substantial entrepreneurial experience.

All his knowledge and understanding of entrepreneurship stems from his own wishful thinking and passion.

He doesn't understand products, technology, operations, or capital. He is like a person who doesn't know how to carry a gun and fight, or even how to pull the trigger. Every day, he fantasizes in his mind that he will fight the enemy and make achievements on the battlefield. In the same way, the ideal is very plump, but the reality is extremely skinny.

For such a person, doing things nicely sounds a bit romantic, and speaking unpleasantly is just a bit out of tune.

For example, when everyone else is doing things pragmatically, he has to open his mouth and shut his mouth to release satellites. He always thinks that if there are too many satellites, he will be able to succeed.

But the failures of starting a business again and again later proved a truth to the world. Starting a business depends on doing things, not whimsical and talkative.

It is precisely because he has no experience and no rules, Lu Yunhao, who was born in the wild, opened up a financing demand that Fang Ping had never seen and heard in front of Fang Ping.

Sell ​​80% of the shares in exchange for more angel round investment.

In entrepreneurial projects, the rapid sale of a large number of shares by founders is a minefield that must not be touched. This has been confirmed by many bloody cases, and it has become one of the most concerned issues for entrepreneurs all over the world.

But Lu Yunhao did the opposite.

If you give 80% directly, you will reduce your own shares to an extremely dangerous level as soon as you come up. This is simply a taboo for starting a business.

But Lu Yunhao didn't care at all. For him, to eat a meal, he did not necessarily have to be full, but he must eat well, eat with pomp and face.

Therefore, he is willing to give up a large number of shares, but the premise is that the project must hold up the pomp, and there is no big problem in letting more shares go out, the key is that the initial start-up capital must be enough, only with more money can it be done Big pomp, big movement.

Fang Ping and the Wall Street crocodile behind him never thought about taking so many original shares from this project.

In the eyes of people who don't understand, they may think that the more shares they hold, the better, but Fang Ping is very clear that investors take shares, not the more the better, the more shares they take, others need to bear responsibilities will be reduced.

The ultimate goal of investors is not to work hard to make money, but to make others work hard and make money for themselves.

It's like opening a coal mine. If you own 80% of the shares, then you are the owner of the coal mine, not the investor. You must be in charge of all the affairs of the coal mine yourself.

If you own 30% of the shares, and there is a major shareholder who owns 70% of the shares to manage it personally, then you really don’t have to worry about anything, just give the money and go back and wait for the dividends.

There are hundreds of people in investment institutions, and there may be thousands of projects invested in them. Not to mention that they are all in charge of these projects. Even letting them manage one is enough of a headache. Investment institutions themselves are not materials for operation.

They are like real estate speculators traveling all over the world. They just want to do business of buying and selling. As for the cumbersome process of buying land, building houses and selling, they don’t want to participate at all, nor can they participate.

Therefore, Fang Ping was a little undecided all of a sudden. Is it the right thing to invest in Lu Yunhao?

However, it is now in the early morning in the United States, and none of Wall Street's bigwigs have gotten up, so Fang Ping can't report to Wall Street immediately, so he chatted with Lu Yunhao for an afternoon.

In the evening, Fang Ping personally served Lu Yunhao a dinner.

At the dinner table, Lu Yunhao kept asking Fang Ping's investment intentions, but Fang Ping did not give him a clear answer. He just said that he needed to communicate with the US headquarters first, and then inform him of his decision.

As for how long it would take to determine, Fang Ping could not give a definite answer.

In the normal process, investment needs to first take the investment project and get it into the investment management meeting within the investment company. After the meeting,

If the investment intention is confirmed, then the specific terms and conditions will be discussed with the investee, and the payment will be made after all the procedures are completed.

So, it will take more than a week at the earliest.

If it is slow, it may not be able to be done in three or two months.

Lu Yunhao has always been a little difficult to ride a tiger.

He didn't know whether he should go back to Yanjing to continue to work first, or wait for IDG news in Shanghai stock market.

If he can't get a clear result and go back directly, he is somewhat unwilling. After all, he has already made preparations for the carp to jump to the dragon gate. I don't know if he can jump to the dragon gate now, but let himself go back to that fish pond again. Of course, he is not reconciled.

However, if you continue to wait here, it will be really difficult to get a clear reply for a while. If it is a long time, I will be more anxious if I have been doing nothing here.

At this time, Fang Ping gave him a suggestion. It happened to be Friday tomorrow. Even if Lu Yunhao went back, he would probably have to delay his work for a day, so instead of this, it is better to stay in the Shanghai market for a few days now and go back on Sunday.

After thinking about it, Lu Yunhao agreed. It really doesn't make sense to go back tomorrow, so he will just wait until Sunday.

After the meal, Fang Ping asked Lu Yunhao to go back to the hotel to rest first, while he himself returned to the office, preparing to hold a video conference with the senior management in the United States to report the situation and progress here.

It just so happens that the time in the United States has already arrived in the morning. For the capitalists, it is the prime time to start the work of the day.

During the video conference, Fang Ping told all the big guys in the connection about his chat with Lu Yunhao today.

After learning about Lu Yunhao's attitude and thoughts, many Wall Street bigwigs couldn't help shaking their heads. Some people said, "This Lu Yunhao doesn't seem to understand the operation of the company at all. Everything is based on imagination. If you give him $20 million, you may not really be able to do it. something happened."

"Yes." Someone echoed: "How can a founder give 80% of the capital in the angel round as soon as he comes up? In this way, he will be out of the game after two rounds of financing! Who would take the initiative to ask for such investment conditions. ?"

"In my opinion, this guy is just joking! It's a fool's dream to expect such a person who doesn't understand capital at all to fight against Li Mu!"

A bunch of Wall Street bigwigs, with your words, will damage Lu Yunhao to nothing.

But at this moment, Kurt, CEO of IDG Capital, suddenly said, "Everyone, we all think this Lu Yunhao is a layman in the capital circle, but have you ever thought about it, Li Mu is actually a layman."

This sentence made everyone in the meeting fall into silence.

CEO Kurt continued: "If Li Mu is really a person who is proficient in capital, he would have become one with us long ago, he can help us make money, we can help him maximize the market value, help him maximize cash, and wait for him. If he has enough cash, he should transform himself into a capitalist on Wall Street, not just an entrepreneur in the Internet field. In this way, he can not only continue to dominate the actual business, but also keep hoarding capital in the capital circle. He eventually developed into a top capitalist, but what did he do in the end? He actually regarded us as an enemy and wanted to stand against us. Isn't such a person a layman in the capital circle?"

After listening, everyone nodded.

It is true that Li Mu is not a capitalist at all, but even so, he still made Muye Technology and Taobao Technology what they are now.

This proves that a person who does things seriously does not need to be proficient in capital operation to be able to do things well.

Kurt continued: "I think this Lu Yunhao, although he doesn't understand capital, can at least see the situation clearly, and he has a certain influence. Since we can't find a more suitable person for a while, we might as well let him. He gave it a try. The most important thing now is to move as soon as possible before Li Mu spreads out the Hungry? Impossible to succeed!"

A word awakens the dreamer.

Only then did everyone realize that the key now is not to pick on Lu Yunhao's insufficiency, but to let Lu Yunhao start his business as soon as possible, first to occupy a hole where Li Mu has not yet touched.

Giving Lu Yunhao 20 million dollars is not a problem for these Wall Street tycoons. The reason why they are struggling is because their thinking mode has always been loyal to their interests. They worry that the 20 million dollars will only be accompanied by lunatics in the end.

However, now it seems that the most suitable candidate at the moment is Lu Yunhao. The timing is urgent, and they can no longer think about it any more.

Therefore, everyone hurriedly adjusted their thinking and began to make follow-up investment plans based on Lu Yunhao's situation.

Everyone quickly made a decision to invest 20 million US dollars in angel investment for Lu Yunhao, accounting for 80% of the shares, so that Lu Yunhao could start the first phase of work as soon as possible.

If Lu Yunhao did well in the first stage, everyone will continue to vote for Lu Yunhao’s A round in the second stage. At the same time, as a reward, Lu Yunhao’s 20% shares can not be diluted. If Lu Yunhao’s performance can still satisfy shareholders, then his shares can be retained until Series B financing.

The reason for taking the initiative to benefit Lu Yunhao is to ensure that this guy has enough shares in his hands. Otherwise, after a few rounds, if this guy only has a single digit in his hand, then he is likely to quit at any time.

For the specific investment of 20 million US dollars, IDG will lead the investment of 50%, and the remaining 50% will be invested by the other five Wall Street investment institutions at a ratio of 10% each, and the subsequent A rounds, B rounds to C rounds , and the six investment institutions will continue to invest in accordance with the ratio of 5:1:1:1:1:1.

There are two kinds of final ideal outcomes envisioned by these bigwigs on Wall Street:

The first is that the cumulative investment is not more than 300 million US dollars, and then sold at a price of not less than 3 billion US dollars. As for whether it is sold to Muye Technology or other companies, it does not matter, the higher price will be awarded;

The second is to invest no more than US$500 million, and then list on the US stock market with a market value of not less than US$5 billion, raise a billion-dollar amount of money from the US secondary market, and continue to fight with Li Mu.