Reinventing the Millennium

On December 19, the weather was sunny in Beijing.

Xiong Xiaoge, president of IDG Capital China, received a report call from far away New York in the car heading to the project meeting.

“Has the specific number of Kroger’s feedback for the second week come out?”

"26,000 machines?"

"amazing!"

Xiong Xiaoge sat in the back seat and laughed heartily. Then he expressed his understanding when he heard that the sales in the third week might be lower than the second week due to the snowstorm: "It's already very good. Mr. Fang didn't say that this month Is there any P1 online?"

"43,000 M1 units were sold in two weeks, which has proven that Yike is on the right path. The addition of P1 will strengthen this positive cycle."

Xiong Xiaoge exclaimed happily: "I think Mr. Fang is ready to drink the celebratory wine."

The next second, Pan Ben on the phone reported the acquisition contact with Sony two days ago. When Xiong Xiaoge heard about 50 million US dollars, he couldn't help but asked: "Did the person named Fang agree? Is he considering it?" Really? Tell him, never sell it!"

Fifty million US dollars, which is 410 million Chinese coins.

The three venture capital investors in the Pre-A round invested a total of less than 9 million US dollars, and the valuation of Yike is around 230 million. The official signing date for this investment is November 3, and as of today, there are only 46 days.

In other words, it took Yike 46 days to turn the original valuation of 230 million into a purchase price of 410 million.

Valuation → Acquisition, the former is expectations, and the latter is actual money that can be obtained. The two are completely different things, not to mention that there has been so much growth in numbers.

Xiong Xiaoge has seen too many valuations come to nothing in his career, and he also knows how tempting it is to put a large sum of cash in front of an entrepreneur, which is money that will never be spent in the rest of his life.

If Fang Zhuo nods, based on Yike's shareholding ratio, he will immediately become one of the richest people in China, with a book wealth of hundreds of millions, while the domestic per capita annual income at this moment is only 10,000 yuan.

Pan Ben's voice seemed to be a little erratic in his ears: "Mr. Fang refused, he didn't sell it."

He then emphasized: "I think Sony is willing to continue negotiating on the basis of this price, but Mr. Fang is firmer in refusing."

Xiong Xiaoge in the car breathed a long sigh of relief and said happily: "Fang, well, Mr. Fang does have the courage to say no!"

"Mr. Fang said that Sony is afraid. He is very greedy at this time and wants to pursue victory." Pan Ben said.

Xiong Xiaoge laughed and said, "A man knows he is quite greedy. Has the negotiation with Sony been completed today? Where is Mr. Fang? I want to talk to him."

Pan Ben hesitated and said: "Uh, that, we talked about it two days ago."

Xiong Xiaoge was stunned and scolded: "Two days ago? Did this big thing happen two days ago? Why didn't you notify me immediately? Pan Ben, what's the matter with you? Do you want to do it?"

Pan Ben: "..."

Good question, Mr. Xiong...

"Where's Mr. Fang? Are you around?" Xiong Xiaoge knew about the snowstorm in New York, and also knew that Pan Ben and Fang Zhuo were currently acting as channel suppliers there.

"He was taking classes in the guest room. The weather has been bad for the past two days. Mr. Fang said he didn't understand some parts of the local news... so he paid for an associate professor of economics from Columbia University to give lectures..." Pan Ben said it with a smile. I feel like this young president has his own ideas.

Xiong Xiaoge softened his tone: "Then there is no need to disturb him, Pan Ben, when you are with Mr. Fang in New York, you must instill one thing in your mind. Yike's mp3 player has a great future, don't limit it to the present. On a little profit."

Pan Benxin said, that is not "a little bit".

But he kept saying yes.

When Xiong Xiaoge's car arrived at its destination, he hurriedly gave a few more instructions before hanging up the phone and getting out of the car.

There were blue skies and white clouds in the capital, but Xiong Xiaoge was thinking about the ice and snow in New York at this moment, especially when she thought that Japan's Sony wanted to acquire Yiko Technology, which she invested in, and for a while she felt a bit of hatred between the country and the family welling up in her heart.

Fortunately, the surname Fang is greedy.

Mr. Fang, you are so greedy!

Otherwise, wouldn't this be a repeat of the mistake of selling Penguin shares?

Xiong Xiaoge meditated all the way, with a serious expression on his face, which made the entrepreneurs who came into contact with venture capital this time full of anxiety. They only felt that there was little hope of defrauding money.

…

New York, Hilton Hotel.

After Fang Zhuo finished his one-hour private lesson, he took out a small stack of green banknotes and handed it to the associate professor at Columbia University, and then politely shook hands with him and said goodbye.

After the associate professor left, he sighed: "Eight hundred dollars an hour is really cheap."

Pan Ben couldn't help but said: "Mr. Fang, if you want to learn, you can systematically read some teaching materials first."

Fang Zhuo smiled and shook his head: "That's too slow. I just want to ask targeted questions about some areas of interest. Professor Lewis is very responsible and his explanations are very simple. It's money well spent."

He didn't want to mention the content of the course, so he changed the subject: "You called Mr. Xiong, right? What did you say?"

"Well, Mr. Xiong doesn't want Yike to be acquired. He just wants me to advise you to take a long-term view." Pan Ben answered truthfully.

Fang Zhuo nodded, Lao Xiong can still do it. If Wang Fengyi were replaced by Shen Xin, he might be shaken. Sometimes it is difficult to choose between the money he gets now and the money he will spend in the future.

The future is always changing. For Wang Fengyi, this kind of immediate benefit is the performance of his work and can help his career development.

"Don't tell anyone else, and don't mention it to people in the company." Fang Zhuo pondered for a moment, "When Mr. Xiong and I have a phone call tonight, don't mention this matter in the country, so as not to cause trouble."

Pan Ben nodded.

After witnessing Fang Zhuo's rejection of Sony in a short period of time and hearing Xiong Xiaoge's decisive reaction on the phone, he suddenly felt that his vision and mind were much worse.

If it were me, instead of rushing to sign and agree, I would have to think carefully for several days, how could I be as firm and confident as these two people.

"The weather forecast said that the snow will stop in two days." Fang Zhuo didn't know Pan Ben's emotion and said, "Things will get busy after the snow stops. We need to open up more channels so that the American people can enjoy Great product at a great price.”

Pan Ben was not used to this kind of tone, but he maintained a learning attitude.

Fang Zhuo wanted to figure out the arrangements after the snow stopped when the cell phone in his pocket suddenly rang.

Vice President Li Taimao of the Anliang Chamber of Commerce.

Fang Zhuo rang the phone and after two polite words, his face gradually became a little strange.

The call lasted a little long, and Pan Ben answered the call from the Kroger channel to end it, but it was not over yet.

"Chairman Li, our Yike Technology's shareholding has been closed. The shareholders will not accept new funds for the time being. There is nothing I can do about it."

"Well, well, well, if you can trust us, there is no other way."

"We can talk, yes, we can talk."

Fang Zhuo ended the call.

Pan Ben asked curiously: "What's wrong with the Anliang Chamber of Commerce? The ghost is still there."

"It is estimated that the two double-bonus sticks told us about our rejection of Sony after they returned home, and Li Taimao took advantage of it." Fang Zhuo linked up in the blink of an eye, "But he thinks that we are not easy to bully, and we are not ordinary people." People can only ask gently about the space for cooperation.”

"Can we cooperate?" Pan Ben asked.

Various thoughts flashed through Fang Zhuo's mind: "How can we not cooperate if we just send money to the door? It's strange to say that first Sony, then Anliang, and now they are all rushing to send money. Well, do you know what this is called? ?”

"What?"

Fang Zhuo smiled and said: "Every time comes, heaven and earth all work together."

The last chapter is almost three in one, so I won’t stay up late today, I’m too sleepy.