Chapter 78 Rejection
Although Li Feng said, "Welcome to invest and want to cooperate", the expression on his face is always elusive, which makes Fu Qiang, who is often sought after by many startups, is somewhat unaspible.
In order to get the first investment, how many rejection should be suffered by holding the entrepreneurial plan, how many good words to say, how many people are required, even Ma Yun has suffered 37 times.
The entrepreneurs have always asked for the venture capital fund. When many people really get the first venture capital, they are almost happy.
On the contrary, everything on Li Feng's body was reversed, and it became a sharp investment to enter the stocks. This caused Fu Qiang to be injured.
In fact, Xiong Xiaoge of IDG Capital does not mean that Feng Rui means, because it is because Li Feng's entire entrepreneurial team is too young, but under the strong opinion of Fu Qiang,
Only to agree to invest in sharp, and the valuation it is relatively low, which is why Fu Qiang comes up and does not talk about valuations.
Also, the phrase "Li is not losing to be a talented talent" is not what Xiong Xiaoge said, but Fu Qiang himself said, but it may be different with the "Chinese VC first person".
In the face of the mighty Li Feng, Fu Qiang helplessly gave his answer, and directly stretched out "a slap" to Li Feng, repeatedly signaled it twice.
Seeing Fu Qiang's answer, Li Feng did not expect that since IDG gave Feng Rui such a high valuation, it was far beyond Li Feng's expected expected. Did n’t you say that IDG is very cut!
Therefore, Li Feng said happily to Fu Qiang: "500 million US dollars, the conditions are good! Mr. Fu really looks at our Fengrui Company, I think we can talk about specific conditions."
At this time, Fu Qiang said embarrassingly: "President Li is 500 million yuan, not the US dollar!"
Li Feng was stunned, his face was a bit ugly, and then frowned and asked, "Mr. Fu, is this true, only 500 million yuan valuation, less than 100 million US dollars,
You don't seem to be clear. We can get a 100 million yuan in "Miracle MU" alone. I only need to stick to it for a few months. I can earn it back.
Li Feng almost pointed at Fu Qiang's head. Is this your mother who insults my IQ!
Fu Qiang knows that this valuation is a bit difficult, but still argued: "President Li, this is a reasonable valuation given by IDG based on various factors. After all, the entire entrepreneurial team of our Fengrui Technology is still too young.
Too much sex,
However, I can propose to Mr. Xiong to increase the valuation to $ 100 million, but we have to pay 40 million US dollars, accounting for 40%of the shares, and we must set up a board of directors. We have a seat that matches the shares! "
Fu Qiang was relieved to raise the conditions of IDG capital, and then looking at Li Feng, I saw that he had no other response except that he was a little angry.
Fu Qiang suddenly had a sense of frustration, as if it was not an eighteen -year -old young man, but an adult who was a year of fighting.
Li Feng scratched his head and asked lightly: "Mr. Fu, if I remember correctly, some time ago, when Shengda financing, IDG also participated,
But in the end, Shengda took the investment of SoftBank Saifu, and SoftBank gave Shengda a valuation of nearly $ 200 million.
Although we have a distance from Shengda now, as far as our current profit state is concerned, I think we may be more than Shengda. It may be a matter of time.
And I also think that young is also our biggest advantage. Young thinks that infinite possibilities are!
And if you give the price, it is far from my request, so Mr. Fu, this cooperation is very sorry. "
Fu Qiang smiled bitterly, IDG was the first to discover grand, but unfortunately because of the sudden popularity of "Legend", the grand valuation was too high.
Coupled with the amount of funds managed by IDG at the time, it was not large, mainly to invest some angels and early projects in Series A, so the SoftBank was organized to take advantage of it.
If Li Fengwan refused, Fu Qiang didn't take it for granted, but continued to fight: "President Li, I think you need money at this stage that you are mostly not money, and resources are human, experience, experience, experience, experience, experience, experience, experience, experience, experience, experience, experience, experience, experience, experience, experience, experience, experience, experience, experience, experience, experience, experience, experience, experience, experience, experience, experience, experience, experience, experience, experience, experience, experience, experience, experience,
And we have also invested in companies like Sou Gu, Bai Du, Tengxun, we can cooperate with these bridges,
There are also valuations that are not unable to discuss, so please think about it again and again, or discuss with your partners! "
Li Feng didn't speak, but just laughed and said nothing. The implication of implies was obvious.
Helpless, Fu Qiang had to stand up and took a business card from his pocket to Li Feng. "If Li changed his mind, you can call me at any time. I think everything can be talked about!"
Fu Qiang felt that he had looked at Feng Rui high, but in the end he never thought that Feng Rui could achieve such a great achievement.
Fu Qiang thought that he just missed a "tree", but did not expect to miss the entire "forest",
This became the biggest regret of Fu Qiang's life. Obviously it was the first to discover and the first to find the door. "I thought it was bronze, but I didn't expect to be a king!"
"Okay! I will definitely consider!"
Li Feng shook hands with the other party and watched the back of the other party's departure. He laughed a little.
After Fu Qiang left, Cheng Lan came in.
Cheng Lan knew that Li Feng was talking casually, and he was very concerned about the question of "company financing". He asked Li Feng directly: "President Li, is it IDG, they are ready to invest in us?"
Li Feng replied casually: "Yes, 40 million US dollars, it will account for 40%of our company's equity! But I refused directly!"
Cheng Lan suggested: "Directly rejected? Don't talk about it?"
It wasn't that she doubted Li Feng. Everyone admired Li Feng's long -term vision and a large pattern. Now Fengrui Technology has achieved such a big result, which is iron -like evidence.
But she knew that Li Feng now wanted to introduce strategic investment, and IDG was still the largest and most formal venture capital fund in the country.
"Money is on the one hand. The key to the shares exceeds my bottom line, and the attitude of IDG is obviously not correct. Now it is not that we are asking for venture capital, but for us!" Li Feng said lightly.
Cheng Lan knew that Li Feng attached great importance to Feng Rui, but Cheng Lan didn't know the price in Li Feng's heart, but as a specific contact person in the company, she still asked with concern: "President Li, how much do you plan to valuation?"
Li Feng carefully considered and laughed: "The valuation starts at least 200 million US dollars. We can't worse than Shengda, and the financing shares cannot exceed 20%. I think I can still negotiate!"
"Starting from 200 million US dollars!" Cheng Lan provoked beautiful, and felt that Li Feng's asking price was too high, and asked without worry: "President Li, if you are too high, you scare the venture capital, what should I do?
You know, domestic Internet companies are more than us. At that time, there must be many competitors! "
Li Feng said confidently: "Believe me! Besides, we don't lack money now, and the financing is not anxious. In the future, there is no valuation of $ 200 million.
Besides, since there is the first venture investment, I believe there will be a second, the third ... "
As soon as the words fell, Li Feng's mobile phone on the desk rang. When he saw Yang Xiao's call, Li Feng picked up the phone happily.
Li Feng turned on the phone, and before he talked, he heard Yang Xiao's shout "Feng, save me!"
Li Feng's expression was dignified in an instant, calmly: "Xiaoer, don't panic, where are you, what's wrong ... Okay, I will keep it ... Don't open the door, wait for me!"
Li Feng put down the phone and directly ordered Cheng Lan: "Ask all the security of the company to follow me."
Chapter completed!