Chapter 211 I am a person who adheres to principles
Listen to Wang Xiang say this.
The people from IDG started discussing it immediately.
Everyone knows in their hearts that they are investing in carbon crystal storage this time and want this technology.
This technology is a money-generating machine. If you invest 30 million today, in a few years at most, this number will definitely increase tenfold or even a hundredfold.
Now Wang Xiang actually asked everyone not to talk about carbon crystal storage technology, but to talk about the application of the technology.
This card caught everyone off guard.
From a fair and equitable perspective, is Lingyue worth investing in?
Based on Lingyue's current profitability and future assumptions, it is definitely worth investing.
Because there are already samples similar to Lingyue.
Seagate and Western Digital, which specialize in mechanical drives, currently have market values in the billions of dollars.
So is Lingyue, which has more advanced technology than the two companies and may produce hard drives, worth investing in?
Definitely worth it.
Then here comes the problem.
Although Wang Xiang did not say it explicitly, his attitude was actually very clear.
It is definitely not possible to rely on technology, but you can invest in the application of this technology.
This time the terms of the negotiations between the two parties have returned to their original starting point.
Katery felt like complaining.
What they value is technology, not applications.
Obviously, if you get the technology, you will be a hen that lays eggs.
Kaitli even thought that when the technology matures in the future, a dove will occupy the magpie's nest.
IDG can completely use the technology of Changtian Technology to refinance or even cooperate again.
For example, are Kingston, Seagate or Western Digital interested in carbon crystal storage technology?
Must be interested.
If you just get the application, then Changtian Technology has the final say on how to apply it.
IDG has now figured out that Changtian Technology is not willing to hand over its technology.
Kaitli felt that her price tag was not enough.
Kaitli smiled and said: "Mr. Wang, you should be very clear about what our purpose is. We hope to invest in carbon crystal storage because we are optimistic about the carbon crystal storage technology itself."
"Since we are optimistic about the technology itself, why should we spend so much time on its application?"
"If Mr. Wang feels that our price is not enough, I can explain the situation to the company."
40 million US dollars is a medium-sized scale among IDG's foreign investments, which is already 10 million US dollars longer than originally planned.
This is only IDG’s first round of funding, which is already considered to be of a very high level.
Kaitri said sorry to Wang Xiang.
He immediately reported the negotiation status to the head office, hoping to apply for more investment funds.
There were some surprises at IDG headquarters.
Negotiations with Changtian Technology were much more difficult than they imagined.
It stands to reason that if it offers 40 million yuan, Changtian Technology will at least hesitate for a while and then find a way to counter-offer.
Unexpectedly, Changdian Technology directly rejected this cooperation method without any hesitation.
However, Sequoia Capital is chasing after it, and coupled with Lingyue’s hot sales, it indicates that carbon crystal storage will be recognized by more and more people.
There is actually not much time left for IDG.
After an emergency meeting at the IDG headquarters, it was decided to invest an additional 10 million meters, but the share structure will not change.
Negotiation is indeed like squeezing out toothpaste, there will always be a squeeze.
After getting the answer from the headquarters, Kaitri quickly returned to the negotiating table.
He did not talk nonsense with Wang Xiang and directly gave IDG the final negotiated price.
Kaitli said to Wang Xiang: "Mr. Wang, this is not the first time that IDG and Changtian Technology have cooperated. Let us both stop trying to hide each other."
"I have just applied to the headquarters and received a reply from the headquarters soon."
"We are willing to add an additional 10 million yuan to invest in carbon crystal storage technology, but the equity structure will not change."
"Still, Changtian Technology and IDG each hold 50%."
Within half an hour of entering and exiting, the amount had increased by 10 million meters.
Kaitli's statement shocked the negotiators of Changtian Technology.
This shows that the other party attaches great importance to the technology of carbon crystal storage.
Wang Xiang's heart was also beating fast.
A total of 50 million yuan, which is close to more than 400 million RMB.
This kind of large investment can directly change the value of Changtian Technology.
Wang Xiang also knows that he should stick to the bottom line of negotiations.
Chen Xiao said before he came that the technology of carbon crystal storage must be firmly in the hands of Changtian Technology itself.
Even if the other party offers 100 million yuan, you can't buy it.
Because carbon crystal storage is just the basic technology of new semiconductors.
In the future, when this technology matures, the value created will be more than 100 million US dollars.
Wang Xiang sweated a lot.
He picked up the tea cup on the table and took a sip of water.
In fact, this action has exposed his innermost feelings.
Everyone, including the staff of Changtian Technology, looked at Wang Xiang, waiting for Wang Xiang's statement.
Kaitri also saw Wang Xiang's nervous expression.
He knew that Wang Xiang would not be able to make a decision alone. Wang Xiang should answer that he should go back and think about it, and then go back to discuss with Chen Xiao, the real boss of Changtian Technology.
Unexpectedly, Wang Xiang took a sip of water and said: "I'm really sorry, Mr. Kaitri. You just said that this is not the first time that we have cooperated, so all negotiations are open and honest."
"I have to say that the price offered by your company is very attractive, and I am very excited."
"But again, we are very willing to reach a certain cooperation agreement with IDG on Lingyue Company."
Without further words, Wang Xiang finished speaking.
Everyone stared at Wang Xiang blankly.
If you don't go back and discuss it again, it will be a direct rejection.
This means that Changtian Technology gave up a cooperation agreement worth 400 million RMB.
Kaitli was very puzzled. He nodded and said, "That's the end of today's negotiation. I hope Mr. Wang can go back and think about it carefully."
If the conversation continued, Katery felt that the two sides would quarrel.
If you really quarrel, it will be very emotional.
Wang Xiang also nodded and said: "The cooperation agreement we proposed is at the end of the document. I also hope that Mr. Kaitri can go back and discuss it carefully."
The atmosphere was not particularly friendly and the negotiations were over.
When leaving the conference room, Kaitri grabbed Wang Xiang as a personal friend.
He whispered to Wang Xiang: "Mr. Wang Xiang, we can be considered friends. Can you tell me whether Sequoia Capital has proposed more favorable terms?"
Wang Xiang smiled helplessly and said, "It's okay, Mr. Kaitri."
Kaitli asked in surprise: "Are there other investment companies?"
Wang Xiang shrugged and said: "There is no other investment company. Our way of cooperation is to use Lingyue Company as a platform to develop more high-quality products. I sincerely hope that Mr. Kaitli can give it a careful consideration."