Chapter 544: Giving Face and Not Giving Face
Chinese people attach great importance to face, and being rejected requires face even more. Therefore, in China, learning to reject people is a very important thing.
Especially those who have dinner with Li Feng today are all well-known figures in the domestic financial industry, either starting with the word "Zhong" or starting with the word "Guo".
And they can all invite Li Dongmin to come forward in person. Li Feng not only has to take into account their face, but also Li Dongmin's face.
What's more, Alipay, owned by Li Feng, may have the opportunity to cooperate in the future, so they will definitely be able to use their place. Even if they refuse in the end, they will have to give enough face.
So Li Feng also put in a lot of effort to give him enough face, and said directly with the alcohol, "Brothers, although it's the first time we met, I feel like we have known each other for a long time. And since Brother Li is here today, I will show my best to the brothers directly.
In fact, our Fengrui financing is not because of money. I guess my brothers will know that as long as we have watched our Fengrui Opener Conference, our biggest purpose is to promote our Android system.
The system field is mainly the world of the United States. For our future development, our financing targets are also mainly the US investment institutions, so I can only say sorry to my brothers! I am really sorry!"
In fact, Li Feng has privately left Liu Zhiping with a 20% financing share to non-US investment institutions. Based on Fengrui Technology's minimum valuation of US$30 billion, the financing scale is 10%, and the 20% of the financing is also 600 million US dollars.
However, how can you tell me this true trump card as soon as you come up? It’s hard to talk about it first and then give me sweet dates to eat. Moreover, the non-US investment institutions are not only domestic investment institutions, but also many investment institutions in Europe, Asia and other countries.
Li Feng's low-key handling has also won the understanding of all investment masters. Oh, so this is the case!
Besides, although Li Feng gave you some face, everyone knew it. If it weren't for Li Dongmin, they might have been able to talk to Li Feng.
But there are also many unwilling people. For example, Zhang Toyota, who is from China Investment Capital, directly asked Li Feng with his own strength in the investment industry, "Mr. Li, what I want to say is that we domestic investment institutions are also somewhat powerful abroad, so maybe we can help too!"
"Uh... this, I look down on domestic investment institutions, but the main reason is that the strong dragon cannot defeat local snakes. After all, it is in the United States..." Li Feng explained.
Before Li Feng was taken over, he was interrupted by Zhang Toyota. He said bluntly, "Mr. Li, I also heard a news that many well-known foreign investment institutions are actually not optimistic about the Android system launched by Fengrui this time. I wonder if it is true?"
After Zhang Toyota said that, Li Dongmin's face was not good-looking. You can raise funds if you raise funds. If you can make a successful investment, you will not raise funds if you can make a successful conclusion. Why do you need to expose people's scars?
The key is that Zhang Toyota's attitude is very unpleasant. He is really shameless. I wonder who takes the initiative now!
However, Li Feng has a much better stomach now, and he smiled and said quietly: "Yes, there is something happening, and 16 investment institutions have already left, almost ordinary investment institutions.
But isn’t financing itself an investment in the future? And is this a mutual choice? If Mr. Zhang feels it’s not possible, you can invest!”
Although Li Feng said it very peacefully, his attitude and tone were already revealed. You can mention any opinions, but don’t be shameless. I didn’t force you to invest with a gun!
Li Feng suddenly made Zhang Toyota a little unable to come to Taiwan, but there are still other people with very eyebrows. After all, there are no simple characters who can do this. Maybe they have even discussed it and asked Zhang Toyota to deliberately come out and sing "Blushing".
At this time, Shan Ziqiang, the president of China Development Bank Finance, came out to sing "Brother-in-law" again. He also said with a smile: "Mr. Li, what you said, did we come because we value Fengrui? Otherwise, we wouldn't have specially invited Mayor Li,
And we are also very optimistic about Fengrui. After all, Fengrui is now the most leading high-tech enterprise in China, and we must also strongly support it!
But after all, we are not ordinary companies. We also have our superior units. The main reason is that Fengrui’s starting point for this financing is a bit too high…”
Shan Ziqiang said the final voice, probably he felt embarrassed. It’s not that everyone doesn’t want to invest in Fengrui, but mainly because Fengrui’s financing conditions are too high.
The valuation alone starts at US$30 billion, which is directly higher than 90% of listed companies in the world. Therefore, these people invited Li Dongmin to make it easier to get to know Li Dongmin's relationship and let Li Feng lower the financing standards for his "her family".
It turns out that "the drunk man's intention is not to drink". This is to make me lower the conditions, but why? Because we are from the same country and a family, should I lower the conditions and be a licking dog?
Li Feng felt awkward, why do idiots always like to treat others as idiots? He also silently drew a fork to Zhang Toyota.
At this time, Li Dongmin also kicked Li Feng under the table, and his eyes quickly winked. They were "adding the show" just now, don't be fooled, kid!
Li Feng also gave Li Dongmin a look of "both understanding" and then said directly: "Brothers, it's getting late. Since everyone has spoken out and there are no outsiders, I will finally talk about my conditions.
The scale of Fengrui's financing this time is not high, which is 10% of the shares. At the beginning, we also used the investment institutions of the US side, but I can make the decision and leave some points for my brother. If this share is not enough, it will probably not be high. There is only about 10% of the financing this time.
As for the financing conditions this time, I will not limit it. I will use the minimum conditions of our financing institution this time. How about it, I, Li Feng, are so good! If this is not possible, then I can only say sorry."
When Zhang Toyota, Dan Ziqiang and others wanted to say something, Li Dongmin made a decision, "Well, I think Mr. Li's arrangement is very good. Not only can he raise funds, but he can also use the minimum conditions. I can't think of a solution to it again!
That's it! Besides, Fengrui is our Chinese company. To put it bluntly, even if Fengrui fails in the end, everyone will pay for the innovation of Chinese companies, and the leaders will definitely not blame it!"
Li Feng and Li Dongmin cooperated tacitly. After Li Dongmin finished speaking, Li Feng continued to say: "Okay, then I, Li Feng, thank you brothers, and thank you for your recognition of Fengrui. As for the specific negotiations, I will just look for our President Liu Zhiping at that time!"
Seeing that Li Feng and Li Dongmin said this, everyone couldn't say anything else. After all, Fengrui still took the initiative in this financing.
After getting the key things done, I was full of food and food.
After everyone was finished, Li Feng and Li Dongmin were also lying on the sofa, saying nothing.
"Brother, for me, this time it's hard for you. Not only do you pay for money, but you also make you smile." Li Dongmin patted Li Feng on the shoulder and said.
"Brother Li, where do you say, I, Li Feng, can succeed, and you have also contributed to you. During SARS, we Fengrui and Teng Xun..." Li Feng said.
However, before Li Feng finished speaking, he was interrupted by Li Dongmin, "Okay, you kid, don't talk about things in the past, and give me less ecstasy medicine. Back then, it was the past, now, it's not the same as you.
But to be honest, when I first met you, I knew you would succeed, but I really didn’t expect that you would be so successful. Stop talking about me, even many leaders have to look up to you. Maybe I really need you in the future!”
"Brother Li, look at what you said. At that time, I, Li Feng, will definitely do it for you if you say something!" Li Feng promised.
"Okay, you kid, take care of yourself. I will leave in two days. I don't know if I can meet often in the future." Li Dongmin sighed.
"Then I wish Brother Li a good journey and success step by step!" Li Feng said with a smile.
"It's a good trip, it seems I have to drive there."
"Ha ha…"
*******
Because domestic investment institutions have Li Dongmin's relationship, Li Feng wants to give face; but for other investment institutions, Li Feng has "swerved" them and left if he wants to negotiate conditions.
Even Morgan Stanley President James Gao Wen, who wanted to use Fengrui to promote the Android system this time, to reduce Fengrui's financing conditions, was directly excluded by Li Feng, let alone other institutions.
Therefore, after the remaining 20 investment institutions were excluded, 5 domestic investment institutions were excluded. As for the 14 investment institutions left, Li Feng would have almost completed the overall financing plan within a few days.
Among them, Li Feng's biggest intention is Sequoia Capital, Goldman Sachs and IDG Capital.
Especially Sequoia Capital, not only did its founder Don Valentine come forward personally, but also had very high conditions. The key is that it has a very good attitude!
Moreover, Don Valentine followed him from the beginning, and even followed Li Feng from the United States to China, and from China to the United States. This attitude is really beyond words.
It seems that many people can succeed, and attitude is the most critical!
Don Valentine also said: "Leo, I don't need to say anything else. You can also see my attitude. I, the old man, also flew around the earth with you. Although the investment industry is not optimistic about the Android mobile system launched by Fengrui this time, I am very optimistic about it, because venture capital is gambling, and gambling requires the biggest gambling, so I am willing to bet Fengrui!"
Li Feng didn't expect that Tang Valentine was so "gambling". After all, the Chinese have never done mobile operating systems before. He didn't even dare to be sure of himself. He dared to bet, and he was gambled with real money!
"Leo, I pay attention to efficiency in my work and prefer to support it with practical things. Our valuation of Fengrui was 32 billion US dollars, and now I plan to increase Fengrui's valuation to 35 billion US dollars. How about it!
My only principle of investing is to invest in people! If others think you will fail, I will believe you will succeed! I will definitely succeed because I am very optimistic about you, Leo! At least in my investment experience over the years, I have never seen such a wise person, so I believe in you!" Don Valentine said in one breath.
So what else can I consider? Don Valentine, the "father of Silicon Valley investment", is so good at bragging that it makes Li Feng intoxicated. Moreover, Don Valentine's bowl of "Chicken Soup in the Heart" made Li Feng embarrassed.
Well, don't stop, you can continue to blow for a while.
The key is that there is more real money support. Just like the novel subscription, everything else is virtual. Only the real value subscription is the greatest support for the author!
Another point is that the official subscription websites of this book are Qidian and QQ Reading, and the rest are pirated!
Li Feng also said: "Old Tang, don't say anything. Since you are so optimistic about me, I can guarantee that you Sequoia Capital is the one with the most financing."
With Li Feng's words, Tang Valentin was relieved. He paid so much not only for Fengrui, but also for Fengrui's future investment. After all, Fengrui is doing very well.
Tang Valentine also said: "Leo, we are also old partners. The "Sequoia Capital China Fund" established by our two investors, Shen Nanpeng, are developing well now. I hope we have more development opportunities in the future."
Don’t talk about this, Li Feng forgot that Fengrui, Shen Nanpeng, and Sequoia Capital jointly established a China Investment Fund, "Sequoia Capital China Fund", as early as September 2005, in which Fengrui provided a "RMB Fund" of 100 million yuan.
Li Feng also understood what Tang Valentine meant. Cooperating more in investment is a good thing, and Li Feng happily agreed.
If Tang Valentine of Sequoia Capital is optimistic about Li Feng's investment, then Goldman Sachs invests in Fengrui to become the underwriter of Fengrui's listing and is also the main underwriter when Fengrui's IPO is listed.
Originally, Douglas Feigan, vice president of global investment at Goldman Sachs, also valued Fengrui by 32 billion US dollars, but when he learned from Li Feng that Sequoia Capital increased Fengrui's valuation by 35 billion US dollars, he finally thought about it and agreed, but his condition was to be the main underwriter of Fengrui's listing.
But this was rejected by Li Feng, "President Douglas, it's hard to say that Fengrui will go public. My plan is the tenth anniversary of Fengrui in 2012. This is too far from now on, I can't guarantee you,
However, I can agree to let Goldman Sachs be the underwriter of Fengrui’s listing, but the main underwriter has to wait. However, I can also guarantee to give Goldman Sachs priority and choose Goldman Sachs under the same conditions. After all, our President Liu Zhiping is from Goldman Sachs, and I highly recognize Goldman Sachs’ level.”
Since Li Feng said that, Douglas Feigan, vice president of Global Investment at Goldman Sachs, had no objection and expressed his willingness to accept it, just hoped that Fengrui could go public early and could not deliberately pursue the tenth anniversary.
If Sequoia Capital and Goldman Sachs Investment have potential demands, then IDG Capital is more for a sentiment.
Especially Fu Qiang's expression of "investing on you" also made IDG Capital pay a little price. Others invested $35 billion, but he invested $36 billion.
Of course, IDG capital is not the highest, and there are other investment institutions.
After dealing with these three major U.S. venture capital institutions, the rest is easy to say. Li Feng directly said that "the general is selected in the cripple team" and the principle of "whoever gives more money will choose whoever gives more money"
Finally, three companies were decided, the UAE world's "Abu Dhabi Investment Fund", the investment group "DST" in Moscow, Russia, and the "Temasek" in Singapore, all of which were negotiated for US$38 billion.
Chapter completed!