Fortunately, Jiang Zhihao didn't have this idea. Instead of laboriously recreating it himself, why not use a ready-made one?
After listening to Yan Yulong's narration, Jiang Zhihao roughly figured out the details of this company and said: "In other words, you have not experienced a series of financing such as angel rounds. You rely entirely on bank loans and friends to make turnover, and give you high interest rates."
Are you persisting until now?"
"Yeah..." Yan Yulong sighed and said: "Maybe I think about things too simply. I think that if we unite all the supermarkets like Taobao's small merchants, we can make money naturally. But I ignored it.
One thing is that these physical merchants are not very willing to pay extra. Moreover, the interest rates on bank loans and borrowings from friends are also weighing on me."
"I can invest 15 million, and ask Chairman Tao to invest at least this amount. And in a month, if you are lucky, there may be at least 20 to 30 million in funds," Jiang Zhihao said.
Yan Yulong was stunned for a moment, then jumped up and asked with surprise: "Really?"
"Of course it's true, but don't get too excited, I have preconditions." Jiang Zhihao said.
"You tell me! I can agree to any conditions!" Yan Yulong said excitedly. As long as he can borrow money, nothing is non-negotiable.
Jiang Zhihao smiled and said: "Fifteen million, it's free, without a penny of interest. However, I want 30% of your company's equity as a reward for the investment."
The excited expression on Yan Yulong's face froze instantly.
Fifteen million without interest made him very excited, but the 30% equity that came with it made him pour cold water on his head.
The entire e-commerce platform has burned at least 200 million yuan so far.
Two hundred million dollars paid for the current mess, but Yan Yulong felt that it was too much of a disadvantage for him to give up 30% of his equity in exchange for a mere fifteen million dollars.
"Do you think it's a lot?" Jiang Zhihao looked at him and said, "What I can bring you is an investment of at least 50 million. Without this money, how long do you think the platform can sustain? Don't say too far, maybe.
Months later, you will declare bankruptcy."
Yan Yulong remained silent because Jiang Zhihao told the truth.
The e-commerce platform is heavily in debt and has not yet made a penny of profit. Borrowings between friends can still be delayed, but what about bank loans? They are all mortgaged with things.
If the money is not paid by the due date, they have the right to directly freeze all your assets.
"If you go bankrupt, you will have nothing. At that time, even if I give you one million, you will still be willing to sell. But now, I use an investment of fifty million, plus a good one that can turn your losses into profits.
It should be enough to exchange for 30% of the equity." Jiang Zhihao said.
"What's a good way?" Yan Yulong asked.
"We can't say now, at least we have to wait until we sign a formal agreement. I'm very confident that this way can make you make money. If you can't make money, the equity matter can be cancelled. This can also be reflected in the contract.
"Jiang Zhihao said: "Of course, you must do as I say."
Yan Yulong fell silent again, and it was obvious that he was hesitating.
Jiang Zhihao was right. He didn't have many choices between bankruptcy and selling his shares. As for the way Jiang Zhihao said he could make money, Yan Yulong could only say that he was dubious.
If Jiang Zhihao hadn't picked up a big leak during the auction and showed amazing knowledge, he might not have believed even half of this.