Popular Recommendations: The Emperor’s Arrival at Hongmeng Heaven’s Order to Punish Evil
"Lin Capital deliberately goes against Oracle? Which company is Lam Capital? I've never heard of it."
As soon as the news about Lam Capital's investment in Manhour Company came out, a reporter immediately approached Larry Ellison and asked him for his opinion on the matter.
Because Larry Ellison once said harshly to the outside world that anyone who invests in Manhour Company is an enemy of Oracle.
But when reporters asked about it, Larry Ellison naturally denied it and deliberately pretended not to know.
When the reporter reminded him a few words, Larry Ellison looked like he had just remembered: "Oh, that lucky Chinese guy! The Chinese founder of Facebook who came to the United States and made Americans 4 billion U.S. dollars.
people?
Revenge against Lam Capital? No, no.
I can only say that that boy's good luck has come to an end, and all the money he finally earned will be wasted.
The company's products have not yet been launched, and its valuation is US$150 million. It can only be said that he does not know how to invest and throws money away randomly.
Did he invest in Tesla?
Sorry! I don’t think that toy car is worth a hundred thousand dollars.”
…
In the office of Lin Capital, Lin Fan was browsing the news on his computer with a smile, which was full of Larry Ellison's pretentious remarks.
Ricky, who was sitting opposite Lin Fan, reminded: "Sir Lin, Larry Ellison is a petty person, so be careful of him stumbling upon us.
You have refuted his face this time and made him lose face. He will definitely hate you."
Lin Fan shifted his gaze from the computer to Ricky. He didn't feel any pressure at all and said with a relaxed expression: "Although Oracle is big, it can't cover the sky with one hand. Besides, we are an investment company. What can Oracle do? Not sell servers to Lin.
A capital investment company?”
Ricky smiled and said, "It's better to be careful after all."
Lin Fan nodded. If Larry Ellison really offended him, he would be offended. There is nothing wrong with doing business, so he didn't take it too seriously.
"Oh, by the way, Sir Lin, can a company like Lilith be valued at US$5 million?"
Ricky thought of another company Lin Fan asked him to connect with, the internet celebrity agency Lilith.
A few days ago, he went to do due diligence, but he was still working in the Stanford Entrepreneurship Incubator, with no products, no technology, and no patents...
Is this worth $5 million with nothing?
Lin Fan looked at the puzzled Ricky and explained with a smile: "Their most valuable asset is their model. They are the first Internet celebrity agency on the YouTube platform, and they have also signed a strategic cooperation agreement with YouTube..."
Lin Fan briefly explained Lilith’s development model and its future room for growth.
Ricky pursed his lips and sighed: "I still reserve my opinion. Their so-called "Internet celebrity incubation" is destined to be difficult to replicate.
If it cannot be copied, it will not be able to scale up, let alone go public and exit.
But you are the boss, and Lilith also owns 51% of the shares, so you have the final say."
Lin Fan didn't explain much and said with a smile: "Well, since I have the final say, let's quickly transfer 1 million US dollars to them."
"Okay, I'll make arrangements."
After saying that, Ricky stood up and left quickly.
Lin Fan sat alone on a chair, staring at the ceiling in a daze.
By investing in Lilith, he is not just playing a game of cards, but playing a game of chess. It’s just that many people, including Ricky, don’t understand it.
It’s normal to not have adequate awareness and not see the high point of value.
After careful calculation, Lin Capital calculated the amount of funds required to support the company's development to Series A scale, which was one million US dollars.
The valuation of five million US dollars is an arbitrary estimate.
In fact, Lilith has no assets and is not easy to value. She can only value the idea at five million.
Even if the post-money valuation is 5 million, Lilith will need to dilute 20% of its equity in this round of financing.
Generally speaking, the equity dilution in Pre-A round financing is in single digits because it is only transitional.
But there is no way, the angel round of financing has been raised, and Lin Fan personally invested 100,000 US dollars, so we can only call this round Pre-A round.
Before this round of financing, Lin Fan negotiated with them and decided to pool 20% of the equity as an option pool to reward employees and tie up Internet celebrities.
Therefore, after the completion of this round of financing, together with Lin Capital, his shareholding ratio will change from 41% to 52.8%, including 32.8% for himself and 20% for Autumn Harvest Fund.
The shareholding of the two girls dropped from 19.5% to 15.6%; the option pool was diluted to 16%.
After a while, Gao Lili called.
"Thank you, Boss Lin, I have received one million."
Lin Fan said "hmm" and then warned: "Now that the money is in place, we can't wait any longer and expand it for me quickly.
After half a year, I have to look at the performance. If the performance is not up to standard, I will replace him."
"Don't worry, if the performance is not up to standard, you don't have to kick people out, I will leave on my own."
Lin Fan smiled and said, "Okay, this is what you said yourself, so that's it."
After settling the matter in the United States, Lin Fan planned to return to China.
...
After arriving at Shuangliu Airport, Lin Fan, Zhang Chenguang, Ya Bo and others found an airport restaurant, casually dealt with the couple, and then took their own flights.
Ya Bo and others parted ways with Lin Fan here and continued back to Lin'an for due diligence.
After a half-day trip to Chengdu, Yabo and others headed back home.
But Yabo and others have no complaints at all. In the past, when they were in investment banks, flying to several cities a day was part of their daily work. Now, this is just a sprinkle!
While Lin Fan was waiting for the flight, he called Jack Ma.
"Old horse!"
"Mr. Lin!"
Listening to Jack Ma's authentic English, Lin Fan felt embarrassed to call him Lao Ma.
"Jack is like this, duck neck told me..."
Lin Fan briefly mentioned the situation Yabo told him and sighed: "Jack, Lin Capital's shareholding in Ahri may not be fully converted into domestic capital."
"Can't you think of another way?"
Jack Ma knew nothing about finance. When he heard that Lin Capital could not become a domestic capital as agreed, he felt a little bit in his heart. Don't you just play with yourself? You must ask Joseph later.
Lin Fan was a little speechless, shook his head and laughed, "I have considered it, and there is no other way unless Ahri dismantles the VIE structure and lists it on the domestic A-share market."
"That's not okay!"
Jack Ma said categorically: "Ali must go public overseas. Besides, under the current situation, Internet companies cannot be listed on the domestic market at all, and their people can't understand the business model."
"Rebirth of the Great Era of Fighting Waves"
Lin Fan nodded, "Yes, if the VIE structure cannot be dismantled, then we must retain Ahri's shell company registered in the Cayman Islands. This company will also be the main body of Ahri's overseas listing in the future.
Existing shareholders hold shares of this Cayman company, and if shares are issued in the future, the public will also buy shares of this company."
"I know this. Joseph told me the principles of this VIE structure."
Lin Fan smiled and said: "So, if Lin Capital takes over Fidelity Investments, GGV Capital's old shares can only be sold in the Cayman Islands."
"Okay, I understand. I'll discuss it with Joseph and get back to you later."
"OK, bye!"
Lin Fan put away his cell phone and, accompanied by Zhang Chenguang, boarded a flight to Xingcheng, the capital of Hunan Province.
More than two months later, the plane landed at Huanghua International Airport.
As soon as Lin Fan got out of the airport, he saw Wang Wei and Yang Haoyong who came to greet him.
When they met again after half a year, Lin Fan found that both of them had matured a lot and had confident smiles on their faces.
"Mr. Lin, thank you for your hard work along the way!"
Wang Wei is wearing a white shirt and has a refreshing short haircut, and still has a literary and artistic atmosphere about him.
Lin Fan shook hands with the other party and said, "Don't call me Mr. Lin. Just call me Lao Lin."
In the six months since Lin Capital invested in Tudou, Lin Fan and Wang Wei have maintained frequent communication. Although they have not met, they are not strangers to each other.
Wang smiled and then nodded.
Lin Fan just let go of Wang Wei's hand, and Yang Haoyong handed it over again and greeted with a smile: "Mr. Lin, you haven't contacted me for a long time."
Compared with Wang Wei, Yang Haoyong is much more familiar with Lin Fan because he has been a colleague for more than a year, so he dares to joke directly when they meet.
"Isn't this busy?"
Lin Fan shook hands with the other party and joked with a smile: "If I don't call you, then you should take the initiative!"
Yang Haoyong laughed loudly, "Mr. Lin, you are still as humorous as before. Oh, you are wrong, you are not serious."
Seeing the two joking casually, Wang Wei was a little envious.
He has a relatively introverted personality and it is difficult for him to make these jokes with others, and Lin Fan is also his investor.
"Let's go. I heard that you were going to invite me to watch the show, so I came right away."
While Lin Fan was talking, he went to pull the door of a BMW parked next to a few people.
Yang Haoyong and Wang Wei were stunned for a moment.
In this moment, Lin Fan had already opened the door and got into the back seat of the car.
"Who are you?"
Turning around from the driver's seat, there was a face full of flesh, a light layer of green stubble on his scalp, and a pair of large gold chains.
At first glance, she looks like a member of society!
Lin Fan was stunned for a moment and looked at the two people outside the car window.
Wang Wei and Yang Haoyong had come to their senses at this time. While pulling Lin Fan out of the car, they apologized to the bald driver: "Brother, I'm sorry, I got on the wrong car."
Lin Fan was also very embarrassed. The car was parked next to them. He thought it was Wang Wei's car, but he made an mistake.
Under the unkind and wary gaze of the bald man, Lin Fan got out of the car and closed the door of the other party's car.
Then Wang Wei led the way and led Lin Fan and others to the Volkswagen more than ten meters away in front of the BMW.
Wang smiled and said, "Don't be offended. This is my car. I used all the money to start a business, so I can only drive this one."
"It's okay, this car is very classic!"
While talking, Lin Fan took the lead in opening the door and got into the car without waiting for Zhang Chenguang to open the door for him.
Zhang Chenguang followed closely and sat in the passenger seat, while Yang Haoyong sat in the back seat next to Lin Fan.
Wang Wei saw that Lin Fan was so informal and knew that he was worrying too much.
After sitting in the driver's seat, Wang Wei started the car and drove slowly out of the airport.
Sitting in the car, Lin Fan chatted with Yang Haoyong beside him.
"What's going on with Ganji.com now?"
Yang Haoyong said with a smile: "Look at you, I send you an email every month, have you not read it at all?"
Lin Fan waved his hand, "Don't worry, I have read every email you send me carefully."
Lin Fan then reacted and said with a smile: "No, I have replied to every email you sent.
I didn’t read the email, can I reply?”
"Haha, just kidding."
After Yang Haoyong laughed twice, he finally answered the question honestly.
"At present, although Ganji.com does not have the highest traffic among all classified information websites, we are firmly ranked first in the Beijing area."
Lin Fan nodded.
Ganji.com and Tudou.com are similar, both launched in February.
By April, classified information websites had sprung up across the country, reaching more than 200.
By June, there were nearly 2,000 nationwide.
Then, portals such as Sina and Sohu also took a fancy to this market and set up special project teams within the company.
The competition in the industry is so great, how does Yang Haoyong stand out?
“…At that time, all classified information websites across the country were doing national business, and Ganji.com was also doing national business at the beginning. Later, I thought about it and felt that it was not right.
I had just returned to China a few months ago, and I had never been to cities such as Yangcheng and Pengcheng. How could I go to these markets?
After careful consideration, I decided to only do business in the Beijing market, and only in three categories - dating, rentals and second-hand goods, focusing on key cities and key businesses.
In this way, the marketing campaign will be very targeted.”
Yang Haoyong became more and more excited as he talked, recalling those days of struggle with a bright light in his eyes.
“For half a year, we took our team every day from Haidian to Chaoyang and distributed promotional cards door-to-door to residents in the community with service telephone numbers for electrical repairs, moving and other services in the area on the back;
Send leaflets with blank class schedules printed on the back to every dormitory in the university. Use this old method and sweep them area by area.
It can be said that these markets are completely accumulated with sweat."
"Ah? So hard? All you do is push the ground?"
When Wang Wei, who was driving in the front seat, heard this, his mouth grew louder and he said in disbelief.
"That's right! It's all ground push!"
Yang Haoyong smiled and said: "Nothing compared to your Tudou website. Since the day it was launched, press releases and public relations releases have been scattered all over the floor.
Why billionaire CEO Lin Fan invested heavily in China's YouTube, the country's first video website...
I'm still convinced!
Also, when Tudou uploads videos and watches them, it is naturally easy to use and spread!”
Wang Wei shook his head and laughed, "To be honest, floor pushing is not a good job, especially if you have to achieve results.
With good results, you can motivate employees and yourself.
And if it doesn’t work and you’re so tired, you’re killing yourself.”
Yang Haoyong said "Hmm" with a heavy nasal tone. On this hot day, walking around the streets handing out leaflets and playing hide-and-seek games with security guards and property owners, who thought it was a good job?
"In the past six months, whenever I was free, I personally led the team, and all the company's more than a dozen employees joined the team.
In fact, as long as you take the lead, employees will feel embarrassed to be lazy when they see you as a boss working so hard."
Yang Haoyong blinked, "Of course, when you are hiding under the tree to rest and enjoy the cool air, you still have to talk to your employees about your ideals."
"Hahaha~"
The three people smiled knowingly.
Lin Fan also remembered the arrangements he made before returning to China, but he didn't know if Oracle hated him now, haha~
