December 19, Beijing, the weather was sunny.
Xiong Xiaoge, President of IDG Capital China, received a reporting call from far away New York in the car heading to the project meeting.
“Have the specific numbers for Kroger’s second week of feedback come out?”
“26,000 machines?”
“Amazing!”
Xiong Xiaoge sat in the back seat and laughed heartily. Then he expressed his understanding when he heard that the sales in the third week might be lower than the second week due to the snowstorm: "It's already very good. Mr. Fang didn't say that this month Is there any P1 online?"
“M1 sold 43,000 units in two weeks, which has proven that Yike is on the right path. The addition of P1 will strengthen this positive cycle.”
Xiong Xiaoge exclaimed happily: "I think Mr. Fang can already drink the celebratory wine."
The next second, Pan Ben on the phone reported the acquisition contact with Sony two days ago. When Xiong Xiaoge heard about 50 million US dollars, he couldn't help but asked: "Did the person named Fang agree? Is he considering it?" ?Tell him, never sell it!"
Fifty million U.S. dollars, which is 410 million Chinese coins.
The three venture capital firms in the PreA round invested a total of less than US$9 million, and the valuation of Yike is around 230 million. The investment was officially signed and finalized on November 3, and as of today there are only 46 days.
In other words, it took Yike 46 days to turn the original valuation of 230 million into a purchase price of 410 million.
Valuation → Acquisition, the former is expectations, the latter is actual money that can be obtained. The two are completely different things, not to mention that there has been so much growth in numbers.
Xiong Xiaoge has seen too many empty valuations in his career, and he also knows how tempting it is to put a large sum of cash in front of an entrepreneur, which is money that will never be spent in the rest of his life.
If Fang Zhuo nods, based on the shareholding ratio of Yike, he will immediately become one of the richest people in the entire China, with a book wealth of hundreds of millions, while the domestic per capita annual income at this moment is only 10,000 yuan.
Pan Ben's voice seemed to be a little erratic in his ears: "Mr. Fang refused, he didn't sell it."
He then emphasized: "I think Sony is willing to continue negotiating on the basis of this price, but Mr. Fang is firmer in refusing."
Xiong Xiaoge, who was in the car, breathed a long sigh of relief and said happily: "Fang, well, Mr. Fang does have the courage to say no!"
“Mr. Fang said that Sony was afraid. He was very greedy at this time and wanted to take advantage of the victory.” Pan Ben said.
Xiong Xiaoge laughed: "People know that they are quite greedy. Did Sony finish the negotiation today? Where is Mr. Fang? I want to talk to him."
Pan Ben hesitated and said: "Uh, that, we talked about it two days ago."
Xiong Xiaoge was stunned and scolded: "Two days ago? This big thing happened two days ago? Why didn't you inform me immediately? Pan Ben, what's the matter with you? Do you want to do it?"
Pan Ben: “……”
Mr. Xiong has a good question...
“Where is Mr. Fang? Are you around?” Xiong Xiaoge knew about the snowstorm in New York, and also knew that Pan Ben and Fang Zhuo were currently acting as channel suppliers there.
"He was taking classes in the guest room. The weather has been bad for the past two days. Mr. Fang said he didn't understand some parts of the local news... so he paid an associate professor of economics from Columbia University to give a lecture..." Pan Ben said it with a smile. I feel like this young CEO comes up with whatever he wants.
Xiong Xiaoge softened his tone: "Then there is no need to disturb him, Pan Ben, when you are with Mr. Fang in New York, you must instill one thing in your mind. Yike's mp3 player has a great future, don't limit it to the present. For some benefit."
Pan Benxin said, that is not "a little bit".
But he kept saying yes.
Xiong Xiaoge's car arrived at its destination. He hurriedly gave a few more instructions before hanging up the phone and getting out of the car.
The blue sky and white clouds were in the capital, but Xiong Xiaoge was thinking about the ice and snow in New York at this moment, especially when she thought that Japan's Sony actually wanted to acquire Yike Technology, which she invested in, and for a while she felt a sense of hatred between the country and the family.
Fortunately, Fang is greedy.
Mr. Fang, greed is good!
Otherwise, wouldn’t this be a repeat of the mistake of selling Penguin shares?
Xiong Xiaoge was deep in thought all the way, with a serious face that made the entrepreneurs who came into contact with venture capital this time full of anxiety. They only felt that there was little hope of defrauding money.
…
New York, Hilton Hotel.
Fang Zhuo ended the one-hour private class, took out a small stack of green bills and handed them to the associate professor at Columbia University, and then politely shook hands with him and said goodbye.
After the associate professor left, he sighed: "Eight hundred dollars an hour is really cheap."
Pan Ben couldn't help but said: "Mr. Fang, if you want to learn, you can read some teaching materials systematically first."
Fang Zhuo smiled and shook his head: "That's too slow. I just want to ask some targeted questions about some areas of interest. Professor Lewis is very responsible and his explanations are very simple. It's worth the money."
He didn’t want to mention the content of the course, so he changed the subject: “You called Mr. Xiong, right? How do you say that?”
“Well, Mr. Xiong doesn’t want Yike to be acquired. He just wants me to advise you to take a long-term view.” Pan Ben answered truthfully.
Fang Zhuo nodded, Lao Xiong can still do it. If Wang Fengyi is replaced by Shenxin, he may be shaken. Sometimes it is difficult to choose between the money he gets now and the money he will spend in the future.
The future is always changeable. For Wang Fengyi, this kind of immediate benefit is the achievement of his work and can help his career development.
"Don't tell anyone else, and don't mention it to people in the company." Fang Zhuo pondered for a moment, "When Mr. Xiong and I have a phone call tonight, don't mention this matter in the country, so as not to cause trouble."
Pan Ben nodded.
After witnessing Fang Zhuo's rejection of Sony in a short period of time, and hearing Xiong Xiaoge's decisive reaction on the phone, he suddenly felt that his vision and mind were much worse.
If it were me, instead of rushing to sign and agree, I would have to think carefully for several days, how could I be as firm and confident as these two people.
"The weather forecast said that the snow will stop in two days." Fang Zhuo didn't know Pan Ben's emotion and said, "Things will get busy after the snow stops. We need to open up more channels so that the American people can enjoy Excellent product at a great price.”
Pan Ben is not used to this kind of accent, but he maintains a learning attitude.
Fang Zhuo wanted to figure out the arrangements after the snow stopped, and the cell phone in his pocket suddenly rang.
Vice President Li Taimao of Anliang Chamber of Commerce.
Fang Zhuo rang the phone and after two polite words, his face gradually became a little strange.
The call lasted a little long, and Pan Ben answered a call from Kroger to end it. The call was not finished yet.
“Chairman Li, our shareholding in Yike Technology has been closed. The shareholders will not accept new funding for the time being. There is nothing I can do about it.”
“Well, well, well, if you can trust us, there is no other way.”
“We can chat, yes, we can chat.”
Fang Zhuo ended the call.
Pan Ben asked curiously: "What's wrong with the Anliang Chamber of Commerce? The ghost is still there."
"I guess it was those two double-bonus sticks who told us about our rejection of Sony after they went back, and this Li Taimao took advantage of it." Fang Zhuo linked up in the blink of an eye, "But he felt that we are not easy to bully, and we are not ordinary people. People can only ask about cooperation space in a gentle way."
“Can we cooperate?” Pan Ben asked.
Various thoughts flashed through Fang Zhuo's mind: "How can we not cooperate if we just send money to the door? It's strange to say that first it was Sony, then Anliang, and now they are all rushing to send money. Well, do you know what this is called? ?”
"What?"
Fang Zhuo smiled and said: "Every time comes, heaven and earth all work together."
This chapter has been completed!