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Chapter 296 Venture capital is not kind(1/2)

no doubt.

The online shopping experience is difficult.

If it hadn't been for Legend Network to use "Wanxiang Network Management" for a year to bind the interests of major Internet cafe owners.

It is difficult to open up this online and offline channel.

At the beginning.

Everyone is inexperienced.

Sales of "Meteor Garden" CDs are chaotic.

Fortunately, Tang Xue led the company's senior management and stayed in the technology and marketing departments.

Solve each problem.

Gained experience.

It was extremely difficult to continue selling online.

No need to make a profit,

Even if Legend Network loses money, it also needs to open up this channel of combining offline and offline.

In Tang Xue's abacus.

There will be a lot of products to sell in the future.

She excitedly reported her work to Ye Feng:

"Mr. Ye, we have a bold idea and we have already started to implement it. I think the prospect is huge..."

"Okay, wait until I return to China and we will do great things together!" Ye Feng replied.

coincidentally,

He completed the layout of the United States,

Leave the subsequent investment matters to Liu Qin.

Planning to return home.



at the same time.

Different from the smooth sailing of Legend Network.

Tencent Computer Systems Co., Ltd. in Shenzhen.

Falling into the most embarrassing period in history.

"Due to the skyrocketing number of oicq registrations, there are already millions of users. However, because there is no charging model and no money to buy servers, the company can no longer survive."

Mr. Zeng Liqing is the most urgent person.

He once worked in Shenzhen Municipal Data Communications Bureau and is familiar with China's Internet and telecommunications industries.

Since joining Tencent this year, he has served as the company's chief operating officer, fully responsible for the company's business scope and product categories, and at the same time managing various market promotions across the country.

He is one of the five founders of Tencent.

However, it is difficult for a clever woman to make a meal without rice.

In the past year, the company has been burning money every day, but has no income.

As the number of users increases, more and more money is burned every day.

"I can't get through this day!"

Zeng Liqing is only 29 years old today and is a blessed man, but today, his round and fat face is full of sadness.

"As of now, we can only contact venture capital and provide funds like the United States. Otherwise, our oicq will just wait to go bankrupt."

Facing other founders, Zeng Liqing said this.



In the Chinese business community, the term venture capital suddenly became popular at the end of 1999.

This high-risk, high-yield investment model invented by Americans entered China around 1994.

However, due to the incompatibility of policies and industrial environment, it has not been developed.

With the rise of Internet companies, venture capital has finally found a suitable target.

At that time, the most well-known in the country and one of the only venture capital companies was the American International Data Group idg.

This small and medium-sized investment company in the United States has started business in China as early as 1991.

In 1996, idg assigned Wang Shu to search for projects in Shenzhen City. He spent all day looking for projects in science and technology parks in Shenzhen City, Zhuhai, Zhongshan and other places.

When you arrive at the science and technology park, open the list of companies and visit any company with the word "technology" in its name.

What made him very embarrassed at the time was that meetings with entrepreneurs often had to start with the origin of venture capital and the most basic common sense.

In more than two years, Wang Shu has invested in companies such as Zhongkejian and Kingdee.

Zeng Liqing quickly contacted Wang Shu through an intermediary.

Wang Shu's Hunan University alumnus Liu Xiaosong, who founded a8 Music, came to visit.

It is said that a company called Tencent developed the first "Chinese-flavored" icq. The number of registered users has skyrocketed, and there are already millions of users. However, because there is no charging model and no money to buy servers, the company can hardly survive.

Wang Shu decided to go and have a look.

Zeng Liqing knew that the negotiation with idg might be the last straw to save Tencent.

He wrote a 20-page business plan, which was eloquent, but when it came to the profit forecast, he couldn't understand it. He revised it six times, but it was still unclear.

He could only promise Liu Xiaosong that if the matchmaking was successful, he could give him 5% of Tencent shares.

Unfortunately.

On the day they agreed to meet Wang Shu, Xiao Ma Ge had a bulging disc in his waist and was bedridden in the hospital. Zeng Liqing forcibly pulled him up from the bed.

The three of them sat in the appointed living room.

Not long after he sat down, Wang Shu quickly realized that this was a project with an uncertain future.

He is a man with money, so he naturally speaks loudly:

"If we, idg, don't give us money, Tencent may die immediately. If we give money, the future will be unclear."

While flipping through the business plan, he casually asked Brother Ma:

“What do you see as the future of your company?”

The sick little Ma was silent for a long time and said:

"I don't know either."

Zeng Liqing's face changed drastically.

"It's over. Even the founder can't tell the company's future? How can we get investment?"

Of course he knows.

Today's Internet companies have no profit points. There is only an illusory future.

The future of the company, no matter what, should be described as particularly beautiful.

How could he be like Xiao Ma, who could easily say "I don't know either."

Zeng Liqing was jumping anxiously beside him.

Wang Shu looked squarely at the entrepreneur. Xiao Ma's answer made him look at Xiao Ma in a new light.

Xiao Ma Ge looks very gentle, especially now that he looks sick and ill, which makes him even more frail.

"This pony has not only a protruding disc in his waist, but also his whole body."

He judged from this, "This is a very real leader, worthy of trust and cooperation."

Wang Shu closed the business plan.

Finally, he said to them: "I don't understand your business plan, but I personally think highly of you entrepreneurs. Especially you, Xiao Ma, are worthy of our idg investment."

"However, it doesn't matter what I say alone. I have to report to the superiors. There will be company leaders who will come to ask you specifically. You should prepare the materials carefully. It is best to write down the profit points clearly."

Brother Xiao Ma and Zeng Liqing looked at each other, "This way, you pass the test?"



After the Tencent project was reported to the idg Beijing headquarters,

Senior partner Wang Gongquan immediately led a team south for inspection.

A group of investors flew to Guangdong and met Brother Ma again.

I forced Brother Ma to tell me how to make money from this thing.

Everyone knows, everyone is using QQ,
To be continued...
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