Salted Fish’s Self-help Strategy

　　 Chu Yuanxi laughed and laughed, and Pengfei Technology, which is a neighbor of Pakistan Entertainment, is also very harmonious. Li Zhaokai and Gu Shujun came out of the left-eye studio and confessed to the master's father before returning to the company. The main investor of Pengfei Technology is Daxia Investment, which is also an established private equity firm in China. Yu Qiang, the manager of Pengfei's investment, rushed to Pengfei immediately.

　　 Yu Qiang, after listening to Li Zhaokai's words, his state can be described as being confused and excited. So when Li Zhaokai returned to the company, he was already waiting for the two in the conference room with a big belly.

They are all old friends. Yu Qiang doesn’t have to be polite with Li Zhao, pulls his tie, and directly asks: "I already know the plan, you are going to make IP investment across borders. This should have been the head of the IP investment department. Come here, but I want to know your specific needs first."

　　 "Fix 30 million." Li Zhaokai was also unambiguous, "It depends on Zheng De's asking price. In addition, Pengfei also invested 10 million from its own funds."

　　 "Wait, do you invest the 30 million yuan directly in your partnership, or do you invest in Pengfei, and then Pengfei will invest in your partnership?"

　　 "Go directly to Pengfei." Li Zhaokai's abacus clinked, so Pengfei has 40 million fund reserves after financing, which is enough.

　　 "To Pengfei?" Yu Qiang was not surprised, "What is the valuation?"

　　 "It's still the previous D round valuation." Li Zhaokai pretended not to care.

　　 "How is that possible!" Yu Qiang was amused, and said, "What was your cash flow when you did the D round, what was your profitability, and how many times your PE? How much is it now? How could it be possible!"

　　 "But if you want to lower the valuation, it will trigger the ratchet?" Gu Shujun interrupted, "Then we will be in big trouble."

　　Ratchet is a common clause in financing. In order to ensure the interests of investors, it is agreed that a compensation measure when the valuation is lowered. Usually the company is very troublesome when the ratchet is triggered, because the entrepreneurial team needs to cut its own flesh.

　　 Yu Qiang spread his hands together: "There is no way. According to the previous valuation, it is too high. I have to convince the company with past reasons."

Li Zhaokai rubbed his eyebrows. Of course, this matter was troublesome, but he didn’t have no choice but to think about it, and said, “There is still something to say. The purpose of this investment is very clear, and the return on capital is expected to be considerable, and This IP will also have a long tail effect. If the valuation is calculated after the investment income is recorded, Pengfei’s valuation will exceed the previous D round."

"This is not enough. You are talking about expectations. The future is not a real hammer. Our investment company always has to avoid uncertainty, even if I personally like your investment plan." Yu Qiang is actually optimistic. After all, the three words "Spring Festival File" are glittering.

　　 "Then we can capitalize R&D expenses." Li Zhaokai said with a guilty conscience, "This is no problem at least from the perspective of PE."

　　 The so-called capitalization of R&D expenses is a kind of financial magic. Calculating R&D expenses as intangible assets can not only "reduce" expenditures, but also "increase" profits, making the financial statements very beautiful and in full compliance with accounting standards. However, it will not generate any actual cash flow.

　　 Many listed companies like to use this trick to beautify their reports. The one who is best at using this financial magic is a certain TV who will return to China next week. Accounting Jia has a tricky trick. The expenditure that technology companies can count as R&D investment is generally very high, and of course Pengfei Technology is also like this.

　　 Yu Qiang knocked on the table, stretched his neck and said, "This is useless! This is a fool of A-share leeks. Do you want me to look up in the company? Or, I'll give you an idea?"

"Speaking."

　　 "Reduce staff." Yu Qiang's huge tonnage sat back in the chair, and the swivel chair trembling at a cost of 3,000 yuan.

"Only when we get excellent projects and abolish some redundant staff, I can convince the company. You have to know that our company has discussed Pengfei's problems many times. Why has it gradually become mediocre from a cash cow? Especially yours Profitable projects are still profitable. The conclusion is that excessive staffing is the most important reason, so strategic layoffs are essential."

Li Zhaokai nodded quickly: "No problem. In fact, we have also noticed this. We have been doing it all the time, but with little effort. Then I will start strategic layoffs, and you will report back to the company now. Let's both work together and try to get this as soon as possible. Is the matter done?"

　　 "Well, I really can't afford it, I have to race against time. You guys are really, the movie is almost on the line to play this hand, is it too late?"

　　 Gu Shujun breathed a sigh of relief: "As long as the Zheng De Fund cooperates, it will definitely be in time."

　　 "Well, how much valuation does Zheng De demand for this project before he is willing to release it? Is it convenient to tell me?"

　　 Li Zhaokai and Gu Shujun looked at each other. Gu Shujun said, "It hasn't been settled yet, but the left-eyed **** means that Zheng De can vomit as much money as he takes."

Yu Qiang was drinking mineral water, and he sprayed it with a "poof". He coughed for a long time before raising his head, panting and saying, "Old Gu, are you kidding me? You won't even know Yuan Mu's beeping? I promised. That’s Zheng De. It’s great. Don’t throw it in the water and you won’t take advantage of this! Don’t say Zheng De, we can’t afford to lose this person in the summer!"

Gu Shujun smiled helplessly, "I know, if I can get this kind of diamond beep! The problem is that the left-eyed **** doesn't know where the self-confidence comes from, so I must lower the price, and I have to talk to Yuan Mu , I'm really beeping..."

　　 Li Zhao waved his hand: "Old Gu, you should think about who to lay off first, and I'll talk about the Begou thing later. This requires at least fifty people to be laid off, right?"

　　 Seeing Yu Qiang, Gu Shujun nodded his head thoughtfully, and said: "Marketing department, now the function of the marketing department is not clear, and it's not very useful. Just add chaos and don't take care of it. The market should be cut first!"

　　 Li Zhaokai nodded: "There are good reasons, and N+1 can save you."

　　 Gu Shujun chuckled softly: "The reason? Look at me."

　　 Yu Qiang smiled with satisfaction: "The layoffs will not have a substantial impact on your company, right?"

　　 "No, no. UU reading www.uukanshu. Everyone turns when the earth is away." Li Zhao opened his hand and sent Yu Qiang away.

Gu Shujun turned his face and went into the office of HR Chen Qi, asked her to print out the attendance sheet to have a look, and said contentedly: "You go to inform Qi Yu, because she is absent from work and does not participate in business training because she does not meet the business standards. Compensation and expulsion."

　　Humanity Chen Qi looked at him wonderingly, and said, "Qi Yu was absent from work?" She picked up the attendance sheet and took a look. Really, Qi Yu had no attendance records for a few days this month.

　　At this time, she suddenly remembered that the company had organized an employee training for the marketing department a while ago, and she was the leader of the team. As a result, Qi Yu did not go on leave. Wait, she remembered that she had seen Qi Yu come with a fake slip that day, but the attendance sheet was blank on Qi Yu that day?

　　 She suddenly wanted to understand, took a breath, and quickly nodded and left the office. After a while, Qi Yu's voice suddenly sounded in Pengfei Technology, the voice rang so that many people could hear: "I obviously handed in the fake note!"

　　 Chen Qimu Ran said: "What did you do in those days?"

　　 "I went through the procedures for selling the house. It must be working days."

　　 "Huh? Where do you live now?"

"I rented a living room nearby and just moved home." Speaking of Qi Yu's eye circles a little red, the so-called living room is a partition in the living room, that is to say, I have to share with others, like a northern drifter. .

　　 She clenched her small fist and said with a little hope: "Sister Chen, please check for me. I must have handed in fake slips all those days."

　　 "I handed in the fake slip, but I didn't approve it."

At this moment, Gu Shujun actually walked out and said proudly: "Don't you always say that you don't do this bad job and go live to earn money? Just fulfilled your wish. Anyway, your ability to do this job is also good. No, it's good to get rid of it early."