Chapter 216 The true face of the so-called system? Dream Fund!
In addition to experience value and changes in support funds, the overall valuation of Germination has also reached 35 billion.
This is not an outside valuation.
It is the system's true assessment of the Sprout Group. Compared with the valuation of external venture capital, the premium is not taken into account. This means that when all the assets of the Sprout Group are added together, they are truly worth 35 billion.
It's incredible.
Of course, this is also fictitious, and they are all assets that cannot be realized.
After experiencing the excitement of the upgrade, Zhang Shuo quickly calmed down and roughly calculated the capital situation of Germination Group before the end of the year based on the 5.2 billion funds on the books.
The first is spending.
In the seven months from June to December 2011, a total of 4.5 billion was required to be paid to Nokia, 350 million was paid to the original owner of Germination Building, and no less than 1.8 billion was allocated to Maili Technology for research and development expenditures.
Then there are the expenditures on engineering construction.
Although the Qingyun Data Project is nearing completion, four projects are currently under construction: Houhai Headquarters Building, Youth Apartment, Germination Global R&D Center and Maili Building.
Conservative estimate.
No matter what, we must prepare 2.5 billion construction funds.
The above are all fixed expenditures that are stated openly and can be clearly calculated. Added together, they amount to a huge amount of 9.15 billion.
It cannot be calculated, but it can be estimated, including the following major items.
1. The remaining 800 million promised to be injected into the Particle Fund.
Second, the end-of-year Fertile Soil Award and Young Seed Award selection bonuses are conservatively estimated to be 300 million.
3. Weixin’s Spring Festival marketing expenses and Qinghe Technology’s daily operating expenses are at least 500 million.
Fourth, the two large-scale data centers planned to be built by Qingyun Data will require an investment of nearly 3 billion. Even if all the funds do not come in this year, the 1.5 billion will not be lost.
Fifth, the daily operating expenses of Sprout Group are at least 200 million yuan.
Sixth, bank loan interest expenses, although supported by low-interest loans, are still at a minimum of RMB 100 million.
These all add up to 3.4 billion.
Combined with the above expenses, the total is 12.55 billion. This is still the most conservative estimate and is based on the premise that Germination Group will not establish new subsidiaries or make new investments in the second half of the year.
If you are more generous.
No matter what, we must prepare 13 billion or even more funds.
Then count the income.
In addition to the 5.2 billion currently on the books, Jade Bird Interactive Entertainment estimates that with an average monthly profit of 450 million, it is expected to be able to hand over 3.15 billion in profits, and the support fund can contribute nearly 2.1 billion.
Then there are the unpredictable overseas agency fees.
According to the current research and development progress, it is expected that a batch of new games will be launched one after another in June, July and August, which will not only bring revenue growth to Jade Bird Interactive Entertainment, but also very considerable overseas agency fee income.
A conservative estimate is more than 3 billion.
Adding them all together is an expected revenue of 13.45 billion.
Two-phase one deduction can barely balance the balance of payments, but there is another factor to consider, which is that at the end of the year, more than 2 billion bank loans are about to expire.
In order to negotiate follow-up loans with banks, Sprout Group must maintain a relatively healthy cash flow.
Rather than extreme pulling.
Moreover, Zhang Shuo did not consider Qingcheng Technology and Qingcheng's retail expansion when calculating expenditures, which was the most conservative estimate.
If you really do this, you will undoubtedly put the brakes on the rapid growth of the Sprout Group.
This is what Zhang Shuo doesn't want to see.
"So, we still have to find a way to come up with a little more money."
Something to hope for.
In fact, there are two options: overseas financing and bank loans.
In any case, after this calculation, before obtaining new sources of funds, Zhang Shuo had to remind himself to be careful when spending money.
Don't accidentally spend it again.
…………
Zhang Shuo was worrying about funds when Jiang Yue knocked on the door and came in.
"Mr. Zhang, the official issued a meeting notice, inviting Maili Technology to send representatives to Yangcheng to participate in the Guanyu smartphone industry development symposium. Do you think you will go in person, or will you arrange for Mr. Gu to go?"
"Let Mr. Gu go."
Zhang Shuo didn't expect the official efficiency to be so high. He just spoke to his second uncle yesterday.
The notice came out today.
As for why Zhang Shuo didn't go in person, it's not that he is low-key and doesn't like socializing, but that the topics involved in this symposium are bound to be very professional.
Gu Mingzhang is undoubtedly more suitable, and Zhang Shuo doesn't understand this either.
It was precisely through this symposium that Gu Mingzhang, the helmsman of Maili Technology, was officially brought to the stage to make a good appearance on behalf of Maili Technology in the official media.
This will also be beneficial to the future development of Maili Technology.
"By the way, can the 300 million yuan allocated to Sprout Real Estate cover this month's expenses?" Jiang Yue just arrived, and Zhang Shuo took advantage of the situation to take care of the matter of Sprout Real Estate.
"Barely enough."
Jiang Yue was slightly surprised and guessed that the Dream Fund should have made another investment.
With the daily support funds and entrepreneurial funds rising sharply, so much liquidity is injected into the Sprout Group's accounts every day, even if it is a system, it needs a formal channel to cover it up.
The name is the Dream Fund.
The public information that Dream Fund can find is that it is a private equity fund registered overseas, and it is also the largest investor in Sprout Group besides the founder Zhang Shuo.
To be precise, he should be the only investor.
As for the specific shareholding of Dream Fund in Sprout Group, because Sprout Group has not been listed, it does not need to be disclosed to the outside world, and the outside world does not know the existence of Dream Fund at all.
According to the internal confidential documents of the Sprout Group, the Dream Fund holds 35% of the original shares of the Sprout Group, and the remaining 65% is naturally held by Zhang Shuo personally.
at the same time.
Dream Fund has also made a commitment to always act in concert with Zhang Shuo, the budding founder, and at the same time authorize all voting rights to Zhang Shuo to support all business decisions made by Zhang Shuo.
In other words, the sprout is the sprout of Zhang Shuo alone.
the rest of the information.
Even Jiang Yue, the senior vice president in charge of the work, didn't know.
Even the existence of the Dream Fund is only known to a few budding executives such as Jiang Yue and Han Mei. Cao Yanhua and others only vaguely know that such an investment institution exists.
By doing this, the system is not only complying with regulations, but also silencing some investors for Zhang Shuo.
Look!
Sprout Group is not 100% owned by Zhang Shuo, but also has investment institutions. This is not to say that Sprout Group does not want to raise funds, but that there are already private equity funds that have taken the lead.
With the continuous financial support provided by the Dream Fund, of course there is no need for additional refinancing.
This makes perfect sense!
"Ask Zhu Zhenghong to make a report on the progress of the project for the next seven months. If there are no surprises in the future, the group will directly allocate funds month by month according to the progress without further discussion."
Zhang Shuo didn't bother to say anything, and Jiang Yue came to collect debts every time.
No face?
"Understood, the audit department will strictly review and check the reports submitted by Sprout Real Estate." Of course, Jiang Yue is also happy to see the allocation of funds for Sprout Real Estate becoming formalized.
But at the same time.
After Zhang Shuo fully delegated power, the responsibility was passed to her.
…………
afternoon.
Zhang Shuo was dealing with emails when Du Ruiwen, general manager of Qingyun Data, knocked on the door and came in.
"Mr. Zhang, Qingyun Data has made breakthrough progress in preparing to build large-scale data centers in the Yangtze River Delta and Beijing-Tianjin-Hebei regions. It has selected two plots of land in Shanghai and Haijin. Take a look!"
Du Ruiwen said and handed over a project feasibility analysis report.
"good!"
Zhang Shuo took the report and looked strange.
In the morning, the 5 billion funds from the Dream Fund had just arrived. In the afternoon, Du Ruiwen came to deliver the report. If he said that all of this was a complete coincidence, he would not believe it.
obviously.
Although Du Ruiwen is from the Turtle faction, he already has eyes and ears in the group.
The news is very good!
Although Du Ruiwen may not be aware of the existence of the Dream Fund, it does not prevent him from knowing that the group has a large net inflow of funds, and he is the first to pounce on it.
It can be seen that Du Ruiwen is not a pedantic person.
Zhang Shuo even admired Du Ruiwen's strategic vision. The location selection for the data center project was definitely not done in the past day or two.
Du Ruiwen had not bothered him with this matter before, and he obviously knew that the group was doing everything possible to mobilize funds in order to purchase patent licenses from Nokia.
There is no way he could care about Qingyun Data.
It was not until the patent licensing matter was settled and new funds flowed into the group that this project feasibility analysis report was released.
He is truly considerate.
Since Du Ruiwen was so calm and aware of the overall situation, Zhang Shuo certainly couldn't be too stingy. After carefully reading the report, he couldn't see any problems and signed it on the spot.
"Proceed according to your plan. Specific matters such as land purchase, design, procurement, construction, etc., according to the old rules, it is still handled by Sprout Real Estate, and Qingyun Data provides technical support."
"Thank you Mr. Zhang for your support!"
Du Ruiwen was very excited, "When these two data centers are put into use, Qingyun Data will have completed its layout at the IaaS level and can start promoting the PaaS level."
Cloud computing is just a very general concept, and actually includes three service models: Infrastructure as a Service (IaaS), Platform as a Service (PaaS) and Software as a Service (SaaS).
If cloud computing is understood as a building, then IaaS is the bottom part of the building.
This is also the most services provided by various cloud service providers.
Before the emergence of IaaS, if an enterprise or website owner wanted to build a website, they had to purchase a server first, and then they also needed a dedicated site to place the server and maintain it so that the business could run normally.
The emergence of IaaS allows users to directly use the servers, storage and networks provided by cloud service providers, greatly saving site costs and maintenance costs.
This is also the most basic service of cloud computing.
Amazon AWS was the first to launch this service, and later domestic and foreign manufacturers joined in.
Such as Aliyun.
Because it is the most basic service, it also has the lowest technical content. As a very ambitious person in the field of cloud computing, Du Ruiwen will certainly not be satisfied with this level.