In the office of Zhonghe Group, Xiong Xiaoge walked in with a handsome young man in his twenties.
The young man was very excited to see Zhang Yida transform into a little fan boy instantly. He was so enthusiastic that Zhang Yida almost thought he was a guest.
When he saw Lu Qi standing behind Zhang Yida, he also smiled and called "Dr. Lu."
Lu Qi smiled and nodded in return.
"Hello, Mr. Guo, I have long admired your name!"
Zhang Yida was also very interested in this young man with "Korean Wave" long hair, who didn't look like a technical guy at all.
Then he looked at Xiong Xiaoge and said with a smile: "Mr. Xiong, I'm sorry to trouble you to make a trip."
"It doesn't matter," Xiong Xiaoge waved his hand. IDG invested in Pate Holding Group and had some friendship with Zhang Yida.
Helping you make an appointment with the CEO of the invested company, it’s just a matter of a fingertip.
But he didn't ask in detail on the phone, and Zhang Yida didn't elaborate either.
When we arrived at the place, we also met Lu Qi, who guessed that it might be related to Zhonghe Group.
He was not in a hurry to ask Zhang Yida what medicine was sold in the gourd. The answer would soon be revealed.
A few people exchanged pleasantries and took their seats.
"I heard that Mr. Guo is looking for Series C financing recently?"
Guo Lie waved to Zhang Yida, "Mr. Zhang, don't stay out of sight, just call me A Lie or Xiao Lie."
"Okay, then you can call me Yida. We are not much different in age, so the title should be more casual."
Zhang Yida had no airs about him, which made Guo Lie very fond of him.
He chuckled and said, "Yes, we are looking for Series C investors. Faceu's next step is to develop into AR short videos and more social fields."
Zhang Yida nodded slightly. As a tool software, Ji Meng Camera has gained a lot for its users.
But tool-type products all have the same pain point and are difficult to monetize.
Users only need to spend a few minutes to take a photo every day. If the user's usage time is too short, the advertising effect will be greatly reduced.
"I heard that Ali worked at Penguin for more than two years before?"
Guo Lie nodded, "I joined Penguin after graduating from Huazhong University of Science and Technology in 2011. After working there for two years, I decided to come out and try my luck on my own."
Zhang Yida answered with a smile: "Then at the end of 2013, we launched the popular product Face Meng, which topped the APP rankings.
We started our business at about the same time, and Ruixiang also set sail at that time.”
Lu Qi and Xiong Xiaoge did not interfere with the conversation between the two young people, but drank tea and listened quietly.
Guo Lie suddenly fell silent, which made everyone feel a little confused.
He also noticed that his reaction was a bit inappropriate, and smiled bitterly, "The face rises quickly and falls quickly."
It turned out that he accidentally touched on Guo Lie's sadness, and Zhang Yida thought he had said something wrong.
But this Guo Lie is really as "pure" as the rumors say, and he doesn't look like an entrepreneurial veteran at all.
Guo Lie looked ashamed and said: "I was too distracted at that time, traveling everywhere to participate in events, the product was very poor, and the team was also very disorganized.
Thinking about it now, when Meng Meng was the most popular, it was probably the time when I personally failed the most.
My self-confidence and vanity were constantly expanding, and along with all kinds of doubts from the outside world, I was very afraid that it would fall off the rankings.
Then, he really fell off the rankings."
When he said the last sentence, Guo Lie was very relaxed and looked relieved.
Zhang Yida knew that in the face of such a big setback, it would not be easy for a first-time entrepreneur, and a young man of 24 or 25 years old, to come out easily.
From the clouds in the sky, I suddenly fell into the dust. From the darling of capital to the abandoned one.
Many people failed to survive this test and fell into despair.
If you survive, you may emerge from the cocoon and become a butterfly!
Guo Lie smiled and said: "After summing up the mistakes we made on Faceu, we launched our second product, Faceu, in January 2016.
The highlight is that the two steps of "shooting" and "editing" are merged through facial recognition technology, allowing users to beautify their faces or add dynamic stickers in real time during the shooting process. What you see is what you get.
So far, Bi Lian Meng is on a much more steady track.
In more than a year, the cumulative download users have exceeded 150 million, 75% of which are female users, and the post-2000 generation accounts for more than 70% of users who log in through QQ accounts;
The product's MAU (monthly active users) exceeded 40 million; every day, more than 50 million videos and pictures produced by users on Faceu and saved locally.
According to Jiguang Big Data’s report, Jimeng’s market penetration rate ranks third in the market after Meitu Xiuxiu and Beauty Camera.”
The data was introduced in great detail, and Zhang Yida nodded secretly.
The app Jimeng is indeed very popular among women and those born after 2000. Its various stickers and beautification and face-slimming functions satisfy their pursuit of beauty and are fun and fun.
For Zhonghe Group, Jimeng has a very considerable traffic. After the acquisition, it can form a product matrix of "Dikou, Digua Video, Jimeng" to target different customer groups.
In addition, Jimeng has certain advantages in the field of social sharing and can help Zhonghe Group complete the construction of a closed loop from content to social ecology.
If the school cute wants to enter the social market of elementary school, junior high school and high school, Ji Meng can also provide accurate traffic diversion.
"If I remember correctly, Ji Meng has completed three rounds of financing, right?"
As soon as Zhang Yida said these words, Guo Lie and Xiong Xiaoge were lifted up!
We finally got to the point. The various business introductions we just introduced were just for this moment.
“Yes, Jimeng received a US$1 million angel round of financing from IDG Capital in early 2014, and in July of the same year received a 10 million yuan Series A financing from Lightspeed China and IDG Capital;
In March last year, it received another US$10 million in Series B financing from Lightspeed China and Meitu.
Now, we want to find a Series C financing of more than US$50 million with a pre-money valuation of US$200 million.”
After speaking, Guo Lie looked at Zhang Yida, waiting for the latter's reply.
Xiong Xiaoge also put down his tea cup to see how Zhang Yida would answer.
Lu Qi smiled enigmatically. He knew that Zhang Yida didn't just want to invest.
Zhang Yida did not give a direct answer, but talked about salad cloth.
“Salab has 158 million daily active users worldwide, and 2.5 billion Snaps are sent through Sarabu every day (Salab calls each short video or image a Snap).
The functions of Sarabu include: camera with filters and various creative tools, chat service Snapchat, story platform that is community service My Story, collection service Memories, and advertising platform.
Oh, and there is also a black technology called Spectacles, a pair of sunglasses that can take pictures and short videos."
Speaking of this, Zhang Yida smiled and said, "I heard that the sales of these sunglasses are not very good. They were launched last autumn, and so far, they have only sold tens of thousands of sets."
The first-generation Spectacles cost $129.95, which is equivalent to the price of a cheap Android smartphone.
Zhang Yida also asked a friend to help him buy a pair for testing and learning.
The color is gorgeous, looks very fashionable, and is very suitable for concave shapes.
There are small circles on the upper left corner and the upper right corner of the glasses lens. One is the LED light ring and the other is the camera.
Although some electronic components are incorporated into it, these sunglasses are not heavy at all and feel almost like wearing ordinary sunglasses.
Open the page with the Spectaapchat man on your phone, then press the button on the upper left side of the glasses, and the pairing of Spectacles and the mobile APP is completed.
This button is also used to record videos and take photos. In fact, this button controls all operations of the entire glasses.
Press it once to shoot a 10-second short video, press it again to shoot a 20-second video, and press it three times to shoot a 30-second short video.
During the shooting process, a small LED light will light up inside the glasses to remind the user that the video is being recorded.
The LED light ring is used to remind the subject that you are photographing her. It is not very suitable for candid photography. This may be because the company is afraid that users will use it to take "random photos".
Data transmission is through Bluetooth and WIFi, the transmission is a bit slow and takes 1-2 minutes.
When it comes to capturing moments, Spectacles surpasses many current shooting devices.
It can capture whatever you see with your eyes immediately, saving you the time of lifting the camera or opening the camera app.
The video shooting quality is average and barely watchable. Apple and mid-to-high-end Android phones outperform it.
In addition to the sunglasses themselves, Spectacles also comes with a rechargeable glasses case, which can shoot up to 400 videos on a single charge.
Anyway, after Zhang Yida tried it for a few days, he lost interest. It was just a toy.
If we can make major breakthroughs in camera experience and data transmission speed, we should still be able to make progress.
Otherwise, it is not as convenient as a mobile phone, so buying it is purely for freshness.
According to foreign feedback, less than 50% of users are still using it one month after buying it, while others have put it in their drawers.
Zhang Yida also heard that Sarabu had prepared accessories worth US$40 million. He thought this product would be a big hit, but ended up losing it all.
Zhang Yida is still very concerned about Sarabu secretly.
Except for Facebook, most of the markets that Musical.ly is eroding are from Salaba.
Users all use Musical.ly to shoot short videos and play, and no one uses their salad cloth.
However, Sarabu has not made any major counterattacks so far, so Zhang Yida decided to continue to be patient.
When Zhang Yida mentioned the salad cloth, he was very knowledgeable about the various functions and services of the salad cloth.
Guo Lie suddenly became excited. Mr. Zhang was very knowledgeable and knew what kind of big business Ji Meng was doing.
"Yes, we highly standardize salad cloth and aspire to become China's salad cloth.
We have all the camera, community and other functions that Serabu has.
Sarab has just been listed on the New York Stock Exchange, with a market value of nearly 30 billion US dollars.
Their daily active users are less than 160 million. Once the Chinese market is ready, it can definitely reach or even exceed this figure."
Guo Lie was dancing and talking, and he was very excited.
He knew that Zhang Yida was testing himself. He had raised three rounds of funding and knew that investors liked to ask these questions the most.
The more Zhang Yida inquired, the clearer things became.
“As for photo-taking sunglasses, I think it’s only the first generation product, so it’s normal to have some flaws.
No product is perfect as soon as it is launched and needs continuous polishing.
In addition, the salad cloth layout hardware step is very good, and I think it can be learned and copied.
As we all know, it is difficult for tool-based software to make profits. Including Meitu, half of its profits come from Meitu mobile phones, and the hardware is still very exciting.”
Looking at Guo Lie who was talking endlessly, Zhang Yida felt that things were a bit tricky!
It can be seen that this brother loves his current career very much.
If you want to acquire a company, you must first convince the other party: Brother, your company is not going to work, so just let it go!
If the other party feels that it is not worthwhile to sell now, then the acquisition cannot be negotiated.
Those who persist even when the company goes bankrupt and become the persons subject to execution are those who are on behalf of the Wei people. After all, they are in the minority.
Moreover, Daivina is not all about love, but more about being too confident in his own abilities.
There are very few other people who refuse to sell the company, either because the price is really not enough or their vision is too poor.
Zhang Yida looked at this brother who was very enthusiastic and wanted to do something big.
I was thinking, how should I "wake him up"?
"Ale, do you have a girlfriend?"
Zhang Yida's question was a bit sudden, and Guo Lie was also stunned.
Could it be that the beautiful blueprint he painted conquered the big boss in front of him, and he wanted to use a "honey trap" to get more shares?
Thinking about the various white thighs he saw during the live broadcast of Zhonghe Group's annual meeting last year, he chuckled and shook his head.
"oh,"
Zhang Yida pinched his chin and said with a smile: "I heard that Spiegel dated Victoria's Secret supermodel Miranda Kerr.
I think you are not inferior to him at all, Xi Mengyao, do you want He Sui to consider it?"