Chapter 159 IDG: I invested in a dad?
The operator of the investment department quickly reported the situation to the leader.
"Is this a lie?" Jiang Luowen, the main leader of the investment department, was a little skeptical.
Jiangzhou is an inland city with few industries. Those industries that exist are those that have been left over since the founding of the People's Republic of China, such as machinery factories, steel mills, etc.
Therefore, the higher-ups pay a lot of attention to attracting qualifications and keep sending people out to solicit investments.
But at the end of the year, no matter how hard you work, you can't make much, and it's all low-end industry like OEM.
Suddenly someone said they wanted to invest millions of dollars, and it was from one of the world's top venture capital companies. How could people not be shocked?
Jiang Luowen was knowledgeable and he quickly called back to ask for more details.
Pete just said that there was an emerging industry in Jiangzhou University that attracted attention, and he hoped that the investment promotion department could act as a link to contact Jiangzhou University.
Official letters related to IDG will be delivered by a special person soon.
When Jiang Luowen saw that the matter was described with details, he did not dare to hide it and immediately reported it to Huang Tianlin, the main leader of Jiangzhou City.
Huang Tianlin became very enthusiastic when he heard this. He confirmed some details with Pete's team and then he understood the reason.
Since it is a good thing that is beneficial to the development of Jiangzhou City, Huang Tianlin personally came to Jiangzhou University for research. Jiangzhou City is a sub-provincial city, so Huang Tianlin's rank is higher than the president of Jiangzhou University. This time, the president Zeng Mingxiang personally accompanied him.
After a tour, Huang Tianlin was very satisfied with the various disciplines and industries of Jiangzhou University. He praised Zeng Mingxiang for his good leadership. Zeng Mingxiang was confused and could only remain humble.
Some time ago, a meeting was held, saying that we should give full play to the scientific and technological creativity of universities to prepare for the creation of high-tech industries in Jiangzhou City, and also used industries of other universities as examples.
This meeting seems to be a support meeting, but in fact it is a warning meeting, which means that Jiangzhou University has not done well in scientific and technological innovation, otherwise it would not have cited other university industries as models.
The expression changed so quickly that Zeng Mingxiang was panicked, wondering if Huang Tianlin was speaking in a sarcastic way again.
This kind of leadership art can be seen everywhere. Praise is suppression, and criticism is sometimes protection. The essence of it is really not something ordinary people can understand.
At the end of the investigation, Zeng Mingxiang sent Huang Tianlin to the door. At this time, Huang Tianlin casually mentioned: "I heard that there is a student named Lu Shan in your school who started his own business. The name of the company is... Jiyue Technology?"
"It seems to be the case." Zeng Mingxiang nodded. He had received Hua Wei when he first came. Lu Shan has always been a celebrity, and there are always new achievements that attract attention.
"It's like this. IDG is interested in investing in Jiyue Company. You should coordinate it here. We should talk about business and not make excessive concessions to foreign capital. Okay, that's it. I'm leaving first." After Huang Tianlin said this, he got in the car and left without letting Zeng Mingxiang reply.
Zeng Mingxiang finally understood at this time that Huang Tianlin spent two hours walking along such a long road just for this matter.
"If you have something to say, just say it. It's a waste of time to go around in circles!" Zeng Mingxiang felt helpless, but this is a social issue and it is the same in every country.
This matter was very tricky, and Zeng Mingxiang understood what Huang Tianlin meant.
First, this investment is very important and must be promoted. The so-called coordination is to let Lu Shan quickly enter the actual negotiation stage and sign the contract as soon as possible. Huang Tianlin left as soon as he said it, without caring about Zeng Mingxiang's reaction at all, which means that the matter has been determined and there is no room for refusal.
The second is the issue of concessions. When Huang Tianlin said that business is business and we should not make excessive concessions to foreign capital, his real meaning was to make appropriate concessions to foreign capital to promote cooperation.
The art of official language is so high that when you stand on the first level, you think others are speaking at the fifth level, but in fact they are at the atmosphere level.
"Let's first ask Dean Chen what's going on and ask him to do some work on Lu Shan. I never expected that Lu Shan's company would attract the attention of IDG. This is the first time in Jiangzhou University!" Zeng Mingxiang lamented that Jiangzhou University had picked up a treasure.
Chen Qiyi called Lu Shan and told him about this matter. Chen Qiyi emphasized on the phone: "Lu Shan, the company's affairs are your private affairs. Logically, I shouldn't say too much, but this project has been run in Jiangzhou University after all. The school still supports you. If you have any questions, you can contact the school!"
These words made Lu Shan feel warm in his heart. How could he not understand that Chen Qiyi must have called him because Pete had talked the higher-ups into contacting him. Dean Chen did not act like an ostrich at this time, but stood on his side, truly treating him like his own child.
"Thank you, Dean. I know about this matter. Don't worry."
……
Although Lu Shan agreed to meet, he did not go there immediately. He waited until the eve of school starting before arriving at school with his classmates, making Pete wait for another week.
The more anxious the other party is, it proves that they have more chips in their hands.
On the morning of the meeting, Gao Chuan woke up early and immediately called everyone to go out and play. School would start in two days, and then they wouldn't be able to see Lu Shanren. Everyone else agreed, except Quan Hai, who had to take a make-up exam and was sulking alone.
Lu Shan refused: "I'll be busy later."
"Is there anything more important than having fun?"
“A multi-billion dollar business.”
"Brother, take it easy. If you force it, it will all be wiped out. You can't put off doing something that takes half a year in just one day."
"Huh?" Lu Shan didn't quite understand what was going on, and the others were already grinning.
Lu Shan then realized that Gao Chuan had been holding back his fart, and said with a faint smile: "I won't tutor you before the exam." Gao Chuan immediately admitted his mistake: "Godfather, I was wrong!"
Half an hour later, Peter and Lu Shan met in the school conference room. Chen Qiyi also came. He patted Lu Shan on the shoulder and said, "I'll sit outside. Call me if you need anything! The sound insulation here is good."
Lu Shan understood that Chen Qiyi was there to support him, and in order not to hear his cooperation secrets, he took the initiative to sit outside the meeting room. He was lucky to meet such a teacher.
However, things were not as simple as Chen Qiyi thought. This meeting was a three-party meeting.
The investment promotion department sent Jiang Luowen to take notes, and Jiangzhou University also sent the president's assistant to accompany the whole process. Chen Qiyi didn't hesitate and sat directly next to Lu Shan. Now he didn't even need to find an excuse.
"Mr. Lu Shan, I am finally meeting you." Peter's face was filled with a professional smile. "You are really promising at a young age. Jiyue Browser is excellent. His algorithm and the company's operating model are groundbreaking..."
Peter didn't say much nonsense. He just said a few polite words and got straight to the point: "IDG is willing to invest 15 million US dollars and take % of the equity."
This is considered the first round of investment for an innovative company, and can also be considered an angel round.
This price is already sky-high. How many start-up companies in China are priced this high?
There are only a handful of them!
At the same time, there is a request that we send a management team over.”
The reason why Pitt made such a request is because of the painful lessons he learned at UC.
When negotiating with UC, we did not interfere with UC's management. As a result, UC encountered a strong competitor like Jiyue and made a series of stupid moves.
No one could hear the rest of the sentence clearly. The number five million meters was like a thunderbolt, making everyone dizzy and unable to hear any other information.
Five million dollars in 2009! Jiang Luowen calculated that his department might not be able to get that much even if he worked for a year. Peter said this number.
The assistant principal was also choked. This number was really outrageous. He had never seen anyone invest so much in a student company at one time.
The value of overseas investment is completely different from that of domestic investment. The former directly faces the global market. No matter how much domestic investment there is, it is useless. If you cannot connect with foreign capital, you cannot go out at all!
This is also the reason why Lu Shan is willing to accept IDG's investment. With IDG's endorsement, he can eventually be listed on the . stock market, obtain more funds, achieve financial freedom, and then he can concentrate more on research.
The power behind IDG is enormous, and its sales, advertising, and operations are all excellent, so you can earn points faster.
The most important thing is to save worry. With 5 million Mi Dao, Lu Shan can quickly build an excellent team and earn points without doing anything.
If there are any excellent products in the future, IDG will give them priority and then we can harvest more academic points.
But all this is premised on the right conditions.
Lu Shan's expression remained unchanged, which surprised everyone present. This young man did not show any emotional change when he heard such a large amount of money and such favorable conditions. His calmness was far beyond that of his peers, making him like an old monster.
"Thank you for IDG's affirmation. I also have my own conditions. The equity share cannot be 15%. It can only be 5%. And! This type of equity is Class B equity, which can only pay dividends and has no voting rights on the board of directors. IDG can participate in the daily management of the company, but cannot decide how it operates." Lu Shan slowly put forward his conditions.
This made everyone present drop their jaws.
Jiang Luowen thought he had misheard. How could he not be satisfied with such a good condition? Could it be that Lu Shan didn't know what kind of organization IDG was? The assistant principal's eyelids twitched and he almost jumped up. Lu Shan's bargaining was really fierce.
The expressions on the faces of Pete's team members changed again and again, from surprise to anger, and no matter how high their professional ethics were, they could not tolerate it.
Five million dollars, but what I got was Class B equity, not even Class A, and my 15% equity was reduced to 5%! I agreed to IDG sending people to run the business but they can't make decisions. Is this just a waste of money to support a living father?
The boss didn't say anything, and the team members gritted their teeth and waited for Pete's response.
Peter frowned and took a deep breath, then said calmly, "Your terms are not suitable, I really can't agree. Mr. Lu Shan, I want to remind you that the benefits of IDG's investment are not just the money. It means that you will stand out in the technology industry and it will be easier for you to get recognition from other large organizations. It's not that we can't accept your terms, but I'm afraid it will be difficult for international organizations to accept them."
When these words came out, the members of Pitt's team felt relieved, but Jiang Luowen and the principal's assistant looked unhappy.
This is a threat. If IDG's investment fails, the evaluation report on Jiyue will definitely turn negative. The evaluation reports of these innovative companies are common in the US investment community and are of reference value.
In the future, it will be twice as difficult to get better investment.
Then Jiyue will only be able to play around in China in the future, or even not be able to play in China! Because many investment institutions in Xiaguo also have IDG background, foreign investment holdings are very common.
Chen Qiyi almost started to curse. Is it appropriate to use such means on a young person?
But Lu Shan nudged Dean Chen Qiyi with his elbow and then spoke.
Ahem, I haven't asked for monthly tickets for a long time, please give me some, I hope this month's monthly tickets can exceed 1,000. I have a dream, what if it comes true!
(End of this chapter)
