March 21, Thursday, 23rd floor, Jinmao, Medical Group Investors Meeting.
At 9:30 in the morning, the meeting was held on time, and representatives from various venture capital institutions were present.
It’s just that Dabo SS Fang Zhuo was late and didn’t show up. The reason was that the city leaders had a temporary communication to do about a new land acquisition, so they let the meeting start first and he would come over immediately after finishing it.
Then what can be done?
Let’s open it first.
Of course the leader’s time is precious, so where can the hard-working venture capital be compared to that?
。
It’s just that Xiong Xiaoge, the president of IDG, said that it can be opened first, and it is difficult for others to give any objections. They communicated while listening to Zhou Xin, the president of the medical department, talk about the current situation of the company.
Compared with the early registration website that made venture capitalists cry, the medical science mentioned by Zhou Xin gives people a completely new look of the company.
The registration network is still running healthily. Regardless of the original profit concept, it still provides convenience to patients and their families. This convenience is directly proportional to the distance.
According to Zhou Xin’s discussion, the Medical Group’s plan for the next two years is to make all computer and information textbooks across the country include instruction on how to use the registration network, making the popularization deeper and more permanent.
In addition to traditional business, Zhou Xin even more excitedly described the basic information construction services provided by Medical Group for hospitals across the country. He said that this field is a growth track full of vitality.
"Mr. Zhou, don't make excuses. I have a question. Why didn't you mention the online sales of medicines in Medical Science? As far as I know, Medical Science has an exclusive license from the above department. Why didn't you mention it? You want to avoid us.
Do you overestimate the company’s market value?”
Lin Jia from 3i Group directly raised a question.
He continued to say without giving any face: "Everyone knows that e-commerce is the hottest concept now, and Medical Network has an exclusive license. Isn't this worthy of your special mention, Mr. Zhou?"
This question is reasonable.
Although according to what has been communicated today, regardless of the valuation, it is a repurchase at twice the price.
However, no venture capital firm can give up so easily in seeking a higher price, and a higher price will undoubtedly come from the company's current valuation.
Zhou Xin did not panic in the face of doubts. He carefully explained the direction of the company's strategy and made a judgment: "Medicine is not yet a strong demand in e-commerce, and the entire industry's ecosystem is not mature enough."
He asked Mr. Fang and got this answer.
Zhou Zisen from Dachen Venture Capital, another venture capital firm, also had objections: "Mr. Zhou, are you hiding it from us? What do you mean by not being mature enough? Prevarication!"
Zhou Xin’s face didn’t look good, and he really spoke from the bottom of his heart.
There are eight companies participating in the meeting today. Except for IDG, Capital Today, and Shenxin Technology, the other five companies are making a bit of noise.
Wang Fengyi from Shenxin Science and Technology couldn’t bear to look at it and said: “Didn’t we talk about it before coming here? This redemption will not depend on the valuation.”
Lin Jia from 3i Group chuckled: "Yes, of course you Shenxin doesn't have to read it. You've earned it from other places. Can't we even ask?"
Wang Fengyi was stunned.
Together with Xiong Xiaoge and Xu Xin, they were all gagged and could not say anything else.
There was a bit of chaos in the conference room for a while.
Zhou Xin tried several times, but to no avail.
In the past two years, domestic venture capital has developed rapidly, and these people who were once senior executives have met more vice presidents and presidents of the company, and they do not take Zhou Xin seriously at all.
Investors have money in their hands and they go sideways wherever they go.
Duang.
The conference room door was pushed open.
Fang Zhuo and Su Wei hurried in.
“It’s so noisy and everyone is chatting? Didn’t I ask you to have a meeting first?” Fang Zhuo said a little strangely.
The big boss came, and the conference room fell silent.
Fang Zhuo glanced twice, briefly judged the situation, and nodded generally as a greeting.
He didn’t waste any time and said directly: “Those who want redemption raise their hands.”
“Those who don’t want to quit can go to the conference room next door and wait for a while.”
No one moved, no one raised their hands, no one got up.
Lin Jia, who had previously questioned Zhou Xin, said tactfully: "Mr. Fang, whether to quit or not, let's figure out the situation and then decide."
Fang Zhuoyi frowned: "You don't raise your hand, and you don't go to the next door. Come, come, come. You sit here and let me see what you have to say."
Lin Jia’s face turned red, but she felt familiar in her heart. It was Mr. Fang, Mr. Fang, or the same!
“Ahem, Mr. Fang.” Xiong Xiaoge spoke in a very tactful tone, “The main reason is that we haven’t understood the company’s situation for a long time, and we really want to make more judgments.”
Fang Zhuo glanced at his old friend and said: "Mr. Xiong may not advance but never retreat, but you are a shareholder of Yike. You can say whatever you want."
Xiong Xiaoge was startled, come on, the left and right are not human beings.
Forget it, forget it, just take care of your own house.
He didn’t say a word, simply stood up and walked to the next meeting room, unwilling to quit the medical group.
With one person leading them, Shenxin and Capital Today went to the next door without saying anything.
Fang Zhuo looked at the remaining five companies, turned to Zhou Xin and said: "These are the ones who agreed to have their shares redeemed. Statistics, contracts signed, and money paid."
After saying this, he stood up and left, as if he had finished the matter.
Zhou Zisen of Dachen Venture Capital was anxious, but still said firmly: "Mr. Fang, let me just tell you, why is Medical's online pharmaceutical sales not the company's focus?"
Fang Zhuo glanced at him and replied concisely: "The ecological environment is immature."
Zhou Zisen immediately said loudly: "Okay, I believe in Mr. Fang's judgment."
Immediately, he turned around and went to the next door.
Zhou Xin:???
How is this different from what I just said?
I haven’t explained it clearly yet!
It’s too bullying!
However, one is the feeble explanation of the medical CEO, and the other is the sharp opinions of the chairman of two major listed companies, Sina and Yike, the richest man in mainland China, and Sony, who are hostile to the industry, really do not have the same weight.
Zhou Zisen took the lead, and two other families followed him to the next door.
In the end, only two VCs were left in the conference room who were willing to exit.
“Thank you for your consideration in the past two years. I don’t need to say more. We will redeem it at 2.5 times the price.”
Fang Zhuo was a little surprised that only two companies withdrew, but he still maintained his simple style of doing things today and gave an extra 0.5 price.
The two venture capital firms were a little reluctant at first, but their own institutions have been short of funds recently, so they had no choice but to withdraw. When they suddenly heard that the price had increased, they felt much better.
“Thank you, Mr. Fang. We actually believe that the medical field still has development potential, but we are short of cash now. Alas, I hope there will be opportunities for cooperation in the future.”
Fang Zhuo finally felt more emotional: "I understand, I have also come through the embarrassing period of the registration network. Come on, now is a good era."
The two VCs suddenly felt more grateful. Mr. Fang, Mr. Fang, he really understands us!
In the conference room, both parties shook hands heavily.
The investor of the registration network in the old era and the chairman of the medical department in the new era reached a mutually empathetic reconciliation.
This chapter has been completed!