Gao Fan wanted to borrow a loan of 10,000 yuan from the bank, but he spent a long time talking about it. Even Xu Ying, the deputy director, dared not agree. The curious baby in front of him, who claimed to be only one year old last year, just listened to his deception for ten minutes.
He threatened to spend 10,000 U.S. dollars to invest in the company. The only question was how much equity Gao Fan was willing to let him take.
"Mr. Curious, are you sure you don't need to know more about my company and our business?"
Gao Fan asked cautiously.
Bob said: "No, of course I need to confirm whether what you told me is true. But before that, I want to know, if what you said is true, and I am willing to spend 10,000 US dollars to invest,
How many shares can you give me?”
Gao Fan thought for a while and said: "I can give you two options. If you choose to invest in our vitamin E project, then you can hold 10% of the equity; if you choose to invest in all our vitamin projects, then I can give you
% of your equity.”
"I choose the latter." Bob made his choice without even stumbling.
"Why?" Gao Fan was really surprised this time.
Bob chuckled and said: "Because your confidence made me realize that the latter choice is more sensible. I was born in an investment family, and my sensitivity to investment opportunities is hereditary."
"I express my admiration for your genetics." Gao Fan said sincerely.
Vitamin E is a small category among all vitamin products. Gaofan chose vitamin E to start with just because this category is small enough that chemical giants don’t bother to pay attention.
Gao Fan's idea is to penetrate from the edges first, gradually accumulate strength, and eventually occupy the vitamin C market, which accounts for the largest share of vitamin products. The scale of this market will be dozens of times that of vitamin E.
He said that if Bob chose to invest in the vitamin E project, he could give Bob % of the equity because the market was really insignificant and he desperately needed the money.
He gave Bob another option, allowing Bob to take a 10% stake in his entire vitamin product, and he actually said it through gritted teeth.
If one day, he can really realize his idea, then the return that Bob will get from this % of the equity will be hundreds of times the investment of this mere 10,000 yuan every year.
Calculated from the future income, if he gives out % of all the vitamin business, it should be exchanged for Bob's investment of at least 10,000 US dollars, but he can't say this now. If he said this, Bob would probably just walk away.
What he didn't expect was that this curious baby who had previously shown no knowledge of the vitamin market could actually make such a firm choice, and it was the choice that Gao Fan believed was more correct.
"So, we are already partners, so you can call me Bob instead of Mr. Hatch."
Bob looked at Gao Fan and said with a smile, while extending a hand to Gao Fan.
"Okay, nice to work with, Bob!"
Gao Fan readily reached out to Bob and shook his hand.
Next, Gao Fan explained to Bob the location of his booth, claiming that Bob could go to the booth to learn more about the situation, especially to ask the Maolin Provincial Department of Foreign Trade to endorse him.
Bob said that he would first go and get some information, and then go to the Maolin Province booth to find Gao Fan. If he was determined to invest in the vitamin project of Canghua Technology and Trading Company, he would go to Cangtang to inspect Canghua
The true situation of the company is also necessary.
Getting such an unexpected potential investor made Gao Fan feel better. Before that, he was so hit by his failure that he had doubts about life. Who would have thought that God would close a door on him?
At the same time, another wider door opened.
There is no longer much meaning in continuing to advertise in the exhibition hall. Gao Fan feels that there will be no results if he continues shopping. Perhaps, getting to know such a rich second generation American will be his biggest gain from this visit to Yangcheng.
Gao Fan didn't have much worry about Bob's identity.
First of all, in this era, no one will travel thousands of miles from the United States to China to defraud. This is not to say that there are no scammers in the United States in this era, but in their minds, China is a poor country, and a scammer can deceive
The money may not even be enough for a round-trip air ticket.
Secondly, Gao Fan does not need to pay anything in advance in this transaction. If the funds promised by Bob are available, he will cooperate with Bob to open a joint venture company specializing in vitamin process development and production. On the contrary, if Bob saves
The mentality of a white wolf with empty gloves cannot bring out real money, and Gao Fan has nothing to lose.
On the other side, watching Gao Fan walk away, Bob raised his hand to say hello, and two next-year-old Americans emerged from nowhere and came to Bob.
"Bob, how was your conversation with that Chinese young man just now?" one of them asked.
"It was a good conversation. I think he is a very smart Chinese." Bob commented.
"What do you mean by very smart?" asked another.
Bob smiled and said: "He is smart in the literal sense. He is different from all the Chinese people we have met these days. He is not only a technical expert, but also a market expert. I believe that giving him a chance will
He was able to turn his business into a very competitive one."
“Are you saying we are very competitive in China?”
"No, I mean globally competitive."
"Bob, it's rare for you to evaluate an entrepreneur like this, especially when he's a Chinese entrepreneur."
"Uncle Mike, you have to believe in my vision."
"That's for sure. The president has always been proud of you." The man named Mike complimented. He and another colleague named Kerry are both employees of Harry's family business, and this time they are serving as employees.
The CEO, Harry Sr., ordered Harry Jr. to accompany Harry Jr. to China, and he was Bob's entourage.
By the way, Old Harry is actually not that old, he is just next year and in his prime. Calling him Old Harry is just to distinguish him from Little Harry.
"This young man's name is Gao Fan. He is the general manager of Canghua Technology and Trade Company in Cangtang County, Maolin Province. He is also a first-year undergraduate student in the Department of Chemistry at Peking University. He claims to be born in a chemical family and owns multiple
Chemical technology. You should take the time to understand his situation." Bob ordered.
Mike and Kerry took out their small notebooks and quickly wrote down the information Bob said. Then Kerry asked: "Bob, what terms did you negotiate with him?"
"I invested 10,000 U.S. dollars to own 10% of his vitamin business," Bob said.
"How much sales does his vitamin business currently have?"
"He hasn't started producing vitamins yet, he doesn't even have a factory. To be exact, his vitamin business so far has nothing but a concept."
"You mean...you plan to provide him with venture capital?" Mike and Kerry asked at the same time in surprise.