Chapter 78 When Series A Financing is in Progress

Author: This month once Teru Furukawa

Chapter 78 When Series A Financing is in Progress

the next day.

Chen Heyu woke up, washed up, and took the elevator to the restaurant on the 11th floor. There were already customers in twos and threes.

Five-star standard hotel breakfast, rich in variety and variety.

Western style: various toasts, breads, pastries, yogurt, vegetable salads, milk, juice, coffee, fruits, etc.

Chinese style: soy milk, steamed buns, pancakes, steamed dumplings, dumplings, fried rice, glutinous rice balls, etc.

"I want a bowl of beef noodles."

Chen Heyu swung around half a circle, selected the steaming noodles, and said to the chef who was cooking the noodles. The other person nodded and replied: "Sir, please sit down first. I will call you in three minutes."

"good."

After hearing this, Chen Heyu went to get some steamed buns and some fruits, and chose a seat by the window to sit down.

When Zhou Xiaoyu and Liao Feng arrived, he had already finished breakfast and was resting on a chair with a glass of hot milk in his hand.

"Mr. Chen, good morning!"

"morning."

He glanced up at the two of them. They were different from their usual suits and ties. They were both wearing simple T-shirts, shorts, and disposable hotel slippers.

Holding a dinner plate in his hand, Zhou Xiaoyu has a combination of bread and coffee, and Liao Feng has a combination of rice porridge and side dishes.

"In today's financing presentation, there is no need to worry about funds and the current value of Douyin. While maintaining competitiveness, we will strive to win more equity shares."

Chen Heyu took a sip of milk and gave instructions again.

"Mr. Chen, I understand."

Zhou Xiaoyu knew that Chen Heyu had attached great importance to this project from the very beginning. On the premise of having priority financing rights, it would be very beneficial for Shanhai Capital to take the lead in this round of financing.

"You guys eat first and see you later."

After Chen Heyu said hello, he returned to the room directly, put on a royal blue suit, and stood in front of the mirror. He instantly became calm and heavy, with a more mature temperament.

He went straight to the conference hall on the third floor. Zhou Xiaoyu and Liao Feng, also dressed in business formal attire, were standing at the door chatting with Zhang Yiming.

"Mr. Chen, long time no see."

When Zhang Yiming saw the benefactor, he enthusiastically left Zhou Xiaoyu behind and greeted him with a smile.

"Mr. Zhang, you are a bit unkind this time. The company is short of funds for development. You can contact Lao Zhou at any time. There is no need to bring in third-party venture capital."

Chen Heyu pretended to be angry and threatened the other party.

"Sorry, sorry, Mr. Chen, I can't help it..."

Zhang Yiming smiled bitterly, and then explained that as a Fujian businessman, when he first entered the business world, he could not do without the help and support of his fellow villagers.

This time, the intervention of SUG Haina Capital was also influenced by the Fujian Commercial Guild, so he had to give up part of his interests as a reward for the help of the big boss of the Fujian merchants.

"Mr. Zhang, I understand your difficulties, but in the eyes of the Fujian Chamber of Commerce, Douyin is just a start-up small business, and the financial support it can provide is very limited."

"We at Shanhai Capital are different. We may not be able to match SUG in terms of funding scale, but when it comes to the importance of this round of financing, it definitely far exceeds SUG."

Chen Heyu chuckled, his tone affirmative.

"Thank you Mr. Chen for your trust."

Zhang Yiming nodded with gratitude. Rich money is easy to come by, but jobs are hard to find. He clearly remembered the poverty-stricken situation in the initial stage of starting a business. It was Shanhai Capital's eight million yuan that put him on the fast track.

That’s how Tiantian Toutiao 1.0 was born!

Only then did it attract the attention of the Fujian Commercial Guild!

It's just a matter of business. For the benefit and future development of the company, under the same conditions, he would choose Shanhai Capital.

But if the gap is too big, he can only turn to SUG Heiner.

"Mr. Chen, Mr. Zhou, let's go to the conference room. Mr. Xu from SUG Haina will be there soon."

Zhang Yiming leads the way from the right front.

Chen Heyu looked at his watch and thought to himself: "Maybe SUG Haina just has a whim for Douyin."

A few minutes before the meeting was about to start, the other party had just arrived. The man walking in front had a flat head and a square face. He wore a black suit with a plaid shirt, and his shiny leather shoes made a rhythmic "tapping" sound.

"Mr. Chen, this is Xu Dong, the managing partner of SUG Haina Capital."

"Mr. Xu, this is..."

Xu Dong interrupted Zhang Yiming forcefully, and then said with a smile: "Mr. Chen, I have admired your name for a long time. It turns out that heroes come from young. I was still studying when you were the same age, so how could I know how to do business?"

"Mr. Xu, you're welcome. I'm still studying."

Chen Heyu replied with a smile.

"Although there are many students studying, few are as outstanding as you."

Xu Dong smiled, shook hands with him and continued: "Mr. Chen, if Kangaroo offers you the next round of financing, you can also consider us at SUG Haina. In addition to funds, we can also provide help with connections and business district resources.

"

"Thank you Mr. Xu for your favor. If you need funds in the future, I will definitely consider SUG."

Chen Heyu casually said that Kangaroo Flash is now the only one company with very healthy cash flow and profitability. Firstly, there is no shortage of funds, and secondly, there is no shortage of investors.

However, the influence of the Fujian business circle cannot be underestimated. Although he refused, he still showed sincerity and enthusiasm.

When Xu Dong saw this, he didn't take it seriously. He could lead a company from scratch, from weak to strong, and in two rounds of financing to gain the initiative against a group of old foxes in such a short period of time. Such a person

How can it be simple?

Taking this opportunity to establish contact, gain the friendship and trust of the other party, and book Kangaroo Flash's next round of financing in advance are more important to Xu Dong than investing in Zhang Yiming.

After all, in the eyes of venture capital institutions, kangaroo flash delivery is a rich meal, and Douyin is nothing more than shredded meat.

Then, the seminar officially began.

“Our team’s core product, Tiantian Toutiao, has been among the top ten most downloaded emerging software in the APP Store since its launch in August, with an average of 100,000+ daily active users and more than 5,000 new users every day…”

“The current strategy of attracting new customers mainly focuses on two aspects:”

"The first is free resources. In this area, new customers account for 70% every day. They mainly rely on the software's built-in sharing function and article sharing function..."

"The remaining 30% is mainly paid channels, focusing on APP Store advertising, Qiandu rankings and BBS streaming advertising..."

Zhang Yiming opened the PPT, stood in front of the projection screen, and confidently introduced the current company situation and product development progress.

"Mr. Zhang, have you made any achievements in content creation?"

Chen Heyu's question falls directly on his seven inches. Zhang Yiming doesn't have enough money to buy traffic, so why is he willing to spend money on content?

"Ahem, I will introduce the content at the end."

Zhang Yiming felt a little guilty. 100% of the graphic and text content in the software came from the Internet, and Tiantian Toutiao acted as a distributor of recommendations.

It seems that there is no problem, but because it has not obtained original authorization, it will not only cause copyright disputes, but also may be subject to regulatory penalties, which will have a negative impact on the company.

In the previous life, Zhang Yiming only had extra funds to increase investment in content after receiving several rounds of financing.

Start the user-generated content plan and use real money to build product content barriers.

Chen Heyu smiled, as long as the goal was achieved, and did not break the pot to ask the end.

“In this round of financing, the founder team’s expected valuation of the company is 300 million, with a maximum equity transfer ratio of 10%.”

Zhang Yiming finally said, and selectively ignored the content creation issues raised by Chen Heyu.

During the angel round, Shanhai Capital exchanged 8 million for 15% of the equity, which was valued at 53 million at the time.

Now, can a mere information APP with 100,000 daily active users be worth this amount?

Good evening, gentlemen~
Chapter completed!