"Is the second round of financing starting now, of course you are interested, what is your financing standard this time?" asked Li Feng.

"I plan to sell 10% of my equity and raise a total of three million. The 30% stake previously acquired by Vanguard Fund will not be diluted this time. But in the third round, I'm going to have to preset the option pool, and then I'll have to dilute all the shares you have. Long Yu said, "I would like to hear your opinion on this financing strategy. ”

Judging from the current development momentum, the valuation of 30 million yuan is still relatively reasonable, before the pioneer fund company has obtained 30% of the shares of Baibao, if you continue to expand investment, you can expand the proportion of equity, so that even if a part of the future is diluted, you can maintain a considerable number of shares.

Therefore, for Baibao.com, Li Feng firmly holds and invests in power.

"I think it's feasible, this 10% is purely taken out of 70% of your own hands, you are too good to me, it means that you have carried the second round of fundraising tasks alone. Li Feng said.

"Brother, we have today's results on Baibao.com, all thanks to your help. And before the express car navigation network was sold at a sky-high price of 8 million, we made a full profit of 4 million, and we also want to thank you for planning all the way. If it weren't for you, I'm afraid the entire website wouldn't have been able to sell even two million. Long Yu said.

What Long Yu said is true, Li Feng gave them great help in the early stage of the development of Baibao.com, not only to make the valuation of the express car navigation network, through the sale of Longyu has a large amount of cash reserves, but also planned a lot of marketing work, for the smooth launch of Baibao.com has made great contributions.

Of course, the smart Long Yu knew that keeping Li Feng was more valuable than anything else, so this financing, he planned to carry it alone, which could be regarded as a kind of reward for Li Feng's efforts during this time.

Of the four million obtained from the sale of the express car navigation network, half of Longyu will be used to reward the original development and operation team, and the remaining two million will be used for the business development of Baibao.com.

At present, all the work of Baibao.com is in the stage of full launch, and the daily expenses are very large, according to the overall calculation of the team, the remaining two million funds can be maintained for about one and a half to two months.

During this period of time, Baibao.com has not been able to open a complete business model, that is, there are not enough profit points to support the normal operation of the website. A new round of capital injection is necessary to maintain the company's daily operations.

Therefore, Long Yu intends to take out 10% of the shares for the second round of financing, this time the financing is not large in terms of share ratio, after all, at this stage, Long Yu must have the majority of the shares in hand to maintain its position as the largest shareholder.

This 10% stake in exchange for 3 million funds is very critical to the development of Baibao.com at this stage.

As long as there are 3 million funds, plus the previous 2 million, a total of 5 million cash reserves, these cash reserves in 2002 are enough to maintain the website for a period of time, and after three or five months, the development of Baibao.com will definitely enter a new stage, and at that time, the third round of financing will be officially launched.

Long Yu hopes that at the current speed of development, to the third round of financing stage, the company's overall market value will exceed 100 million, and even reach the scale of two to 300 million.

"Brother Long, then this time I will continue to invest in Duobaibao.com in the name of Pioneer Fund, and this time we may not be able to buy 10% of the shares. Li Feng said, "I plan to acquire less than 5% of the shares, and the other shares, but unfortunately attract some high-quality investment institutions to come in." ”

From the perspective of financing, obtaining funds is of course the most important part, but the introduction of investors, but also to a certain extent the introduction of the market and contacts brought by the investor, often sometimes, a high-quality investor can even help the company expand the business radius, expand the company's business area, so financing is an effective means to expand the network, expand the team.

For Li Feng, it is very important to invest in Baibao.com and obtain its early shares, but it is also very beneficial for him to optimize the equity structure of Baibao.com and strive for the participation of cattle, after all, knowing the cattle, he will expand his network and help the further expansion of the future business model.

"Okay, then it's decided first, and I'll let you know the specific time. Long Yu said, "At present, we have to deal with the challenge of Global Mall entering Huaxia, and it seems that things are too busy." ”

"Okay, then you are busy first, I will develop the online payment platform as soon as possible and access the Baibao.com platform as soon as possible." Li Feng said.

After hanging up the phone, Li Feng walked back and forth in the room for a few steps, and began to think carefully about the changed Internet world.

In this world, the birth of Baibao.com was a year earlier, and the time when the global mall entered China was two years earlier, it seems that because of his arrival, the whole world has developed a significant impact, once this influence accumulates to a certain extent, it is very likely to bring more variables to the entire future.

This also means that the changes that originally took more than ten years may have been advanced by several years because of Li Feng's arrival, and it is even possible that the original changes will occur within ten years.

It seems that Li Feng is not only changing his life, but also influencing the development of the Internet in the whole world.

......

The weather is getting hotter and hotter, on the campus of Julong College, the young boys and girls full of vitality have changed into summer clothes, this semester is about to enter the last month, although the school does not arrange systematic exams, but for each homework, there is still a knowledge test, so everyone has also entered the state of review.

But Li Feng has been busy for various projects, now the origin of the Chinese network has become bigger and bigger, even if other websites have established a big alliance, can not stop the pace of the origin of the Chinese network, now the market share of the website has exceeded 40%, and with the continuous increase of the domestic netizen base, the traffic of the origin Chinese network has also doubled, which means that only the advertising revenue of traffic realization has achieved a small range of profits.

In the hometown of Nanqiao Toy Factory, with the completion of the new plant put into operation, the factory's production capacity has increased by 200%, Baibao Online, the business of the Happy Planet flagship store is becoming more and more prosperous, coupled with the continuous enrichment of the variety of Happy Planet brand toys, the factory's profits have also shown a blowout rise.