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Zhou Buqi still met with investors in private, and made a promise, saying that in the future, Ziwei Star will set aside a certain share of follow-up investment for Sequoia China when it starts financing.

As for how much share to set aside, it depends on the amount of funds of Sequoia China.

The main control is no need to think about it.

Domestic venture capital institutions are still unable to deal with such a large-scale financing case. Less money is one aspect, and self-confidence is not enough. For a big deal with so much money, the capitalists on Wall Street rush to the forefront, and we follow behind to drink some soup, which is no problem. But let us go on our own and take the biggest risk. It is difficult to make up our minds.

It will take a few years to change.

Not only has it improved, but it has surpassed.

At that time, after a series of practical operations and experience accumulation by domestic capital institutions, coupled with the influx of a large amount of funds and some irresponsible investors, the tricks of capital operation will be dazzling, and even Wall Street will be convinced.

Singing KTV once has its advantages, that is, it has opened up the relationship between Youku and Kuliu.

Ziweixing can invest in Kuliu without any obstacles.

It can be regarded as equalizing the merits and demerits.

The next day I went to Wang Haoyang to talk about it, and he sighed, "The asking price of Ku6 is not low!"

"How many?"

"$30 million."

"Can't you press it?"

Wang Haoyang said: "I read the report of Kuliu, and I was shocked. It was almost even. This is too shocking in the video industry."

Zhou Buqi couldn't believe it, "Balanced? How is it possible?"

Even if video sites in this era do not need to pay copyright fees and do not have a large content cost, the infrastructure and broadband costs are still staggering.

Wang Haoyang said: "Among so many video sites in China, advertisers favor Kuliu the most. The source is Kuliu's sharing policy with creators. Advertisers think that with such a policy, video podcasters will encourage users to watch advertisements. Promote better advertising effect."

Zhou Buqi's eyes brightened, "Yes, promoting users' attention to advertisements can greatly increase the conversion rate of advertisements, thereby increasing advertising revenue. Although a fee is allocated to creators, the income is still Increased."

At this time, he also better understood the practices of many APPs in his previous life.

In addition to sharing advertising fees for content creators, users will also be given advertising fees if they browse advertisements. On the surface, it seems to increase the cost, but in fact it makes the advertising effect stronger. There will be more and more cooperative advertisers, and the advertising cost will increase linearly.

The innovation of the business model really breaks the rules.

Kuliu.com is the pioneer of this model, and the strategic significance of the investment is even greater.

As for whether the investment will fail...

In the previous life, Kuliu.com also went public smoothly, and it was considered the third largest video website in China after Tudou and Youku. However, it was later acquired by Shanda.

Then the nightmare begins.

Boss Chen felt that it was too wasteful to spend huge sums of money to buy the copyrights of movies and TV series. He could not afford to lose hundreds of millions every year. I just want to lead the transformation of Ku6 and do video news. Li Shanyou disagreed and resigned angrily, which led to the decline of this website.

Wang Haoyang said embarrassingly: "Also, even if we can negotiate and complete the financing, we can't do it at this stage."

"What's wrong?"

"No money."

"What?" Zhou Buqi was stunned for a moment, couldn't help but get angry, and his eyes widened, "Wang Haoyang, are you kidding me? It's only been a few days since I sold YouTube for 40 million US dollars? It's over 300 million, and it's gone ?”

Wang Haoyang said with an innocent face: "All of them are distributed as project funds, and three months' salary and year-end bonuses are set aside. The available funds on the book are only 8 million."

"Damn!" Zhou Buqi slapped the table, "What the hell are you sending out the project gold? Can't you send it out in batches? Do you have to send out several hundred million at once? Take it back! It's a waste of time!"

Wang Haoyang shook his head, "I think this is beneficial."

"Um?"

"It's already December, and we should spend as much money as possible and put all the expenses in this year's account. By next year, there will be no need to invest in the search business. That is to say, next year's expenses will be lower, and the income will be reduced. It will improve, and the book will be very beautiful!"

"Well……"

Zhou Buqi blinked and understood what he meant.

Fundraising will start next year.

If you make next year's account books beautiful, you can estimate a higher price and get more money.

But after all, he didn't know much about finances, so he asked, "Where is He Yang? What did he say?"

Wang Haoyang said strangely: "He signed and passed it. Didn't the report call you? Didn't you read it?"

Zhou Buqi felt a little guilty. During this period of time, he used the excuse of hiding from investors to go out every day to be chic. He didn't pay too much attention to some documents at work, and he was confused when he signed them, so he coughed lightly: "I think about it." Yes, there is such a document. Since it is beneficial to long-term planning, let’s implement the original plan. Leave all difficulties for this year.”

"What about financing?"

"Can I get a loan?"

"No." Wang Haoyang shook his head, "If the loan is based on the enterprise, it still needs to be mortgaged by real estate. If it is a corporate credit loan, it is more aimed at small and medium-sized enterprises. Financial institutions are too cautious about the Internet. "

Zhou Buqi said with emotion: "It seems that we still have to buy land to build a building! Just like the one upstairs, he bought this building. Once there is a crisis in Sohu, he can directly mortgage the building. Hundreds of millions. By the way, how much share can we get if we raise money?”

"20%."

"According to the valuation of 30 million US dollars, it is 6 million US dollars?"

"right."

"Go ahead and fight for it. If you can't hold it down, just do it like this. Quick fix, this industry is very hot now, and next month, it may not be the offer."

"What about the money?"

Zhou Buqi said with a headache: "Let's embezzle two months' salary first, and make it up later."

Now Ziwei Star has nearly 700 employees, and the total monthly salary, including five social insurances and one housing fund, individual tax and welfare subsidies, is about 25 million.

Misappropriating two months' wages is enough to complete the financing of Kuliu.com. The rest of the money might be able to buy the Haineiwang team.

Wang Haoyang's face darkened, "Misappropriation of wages again!"

Zhou Buqi said angrily: "Then what should I do? There is no loan, and the cash flow has been scattered by you. If you don't tear down the east wall to make up for the west wall, how will you live? You are the big housekeeper, you can handle it yourself! Wait for Baidu's Once the stock is sold, you will be liberated!"

...

BAT is very powerful.

In their respective fields, they have beaten their competitors to the ground.

As for Alibaba, rival eBay has announced that it will withdraw from operations in the Greater China region, and eBay and TOM are merging together to keep warm.

As for Penguin, the high-profile anti-QQ alliance organized by Microsoft through MSN last year has fallen apart. Especially the connection of multiple communication software such as MSN and Yahoo Messenger, the effect is very poor, and the user experience is very bad. QQ is already invincible.

As for Baidu, rival Google China is about to collapse, and the news has been announced. Among the "troika", only Li Kaifu will stay at Google, and the other two will leave.

Except for Ali, which has not yet been listed, the stocks of the other two rose sharply.

For Ziweixing, it is time to sell the Baidu stock bought at the beginning of the year.

At the beginning of the year, Ziwei Star spent 267 million yuan to take over 651,824 shares of Baidu stock from Google.

At the beginning of last month, Baidu's share price was only 95 US dollars, but this month it has risen again and again, and it is already close to 120 US dollars.

Li Yanhong was very anxious. After spending more than half a month in the United States, she finally found a powerful organization that was willing to take over the high position. For this reason, she needed a board seat.

But it doesn't matter anymore.

The most important thing is to quickly clear that kid Zhou Buqi from Baidu.

According to gossip, Ziweixing has invested heavily in the search business.

There are many follow-up products, and the localization color is very strong.

After Google is settled, Baidu's next main rival may be Weidian Search!

The matter of stocks must be cut quickly.

On December 12, Zhou Buqi, He Yang, and Wang Haoyang went to Baidu. After 3 hours of negotiations, they finally reached a consensus and signed an agreement.

Sell ​​all 651,824 shares at yesterday's closing price of $122.7.

The total deal value is nearly $80 million!

One week to submit to Nasdaq for review. As long as the review is passed, all funds will be credited to the account within this month.

When the signing was over, Wang Haoyang heaved a long sigh of relief as if he was relieved from a heavy burden.

Very good!

There is money again!