Chu Yuanxi is laughing and laughing here, and Pengfei Technology, which is a neighbor of Baren Entertainment, is also very harmonious. Li Zhaokai and Gu Shujun came out of the left eye studio, and reported the good news to the gold owner's father before returning to the company. The main investor of Pengfei Technology is Daxia Investment, which is also a veteran private equity in China, and Yu Qiang, the manager in charge of Pengfei's investment, immediately rushed to Pengfei.

After listening to Li Zhaokai's words, Yu Qiang's state can be described as: he was confused and excited. So when Li Zhaokai returned to the company, he was already waiting for the two of them in the conference room with a big belly.

They are all old friends, Yu Qiang didn't have to be polite to Li Zhaokai, pulled his tie, and asked directly: "I already know the plan, you are going to do cross-border IP investment." This should have brought the head of the IP investment department over, but I want to know your specific needs first. ”

"Thirty million. Li Zhaokai was also unambiguous, "It depends on Zheng De's asking price, and Pengfei also contributed 10 million from his own funds." ”

"Wait, will the 30 million be directly invested in your partnership, or will it be invested in Pengfei, and then Pengfei will be transferred to your partnership?"

"Let's just vote for Pengfei. Li Zhaokai's abacus jingled, so that after financing, Pengfei would have 40 million capital reserves, which was enough.

"Invest Pengfei?" Yu Qiang was not surprised, "Then what is the valuation?"

"It's still the valuation of the previous D round. Li Zhaokai pretended not to care.

"How is that possible!" Yu Qiang was happy and said: "What was the cash flow, what was the profitability, and how many times was the PE when you did the D round? How much has it dropped now? How is it possible!"

"However, if you want to lower the valuation, it will trigger the ratchet, right?" Gu Shujun interjected, "Then we will be in big trouble." ”

Ratchet is a common clause in financing, in order to ensure the interests of investors, it is a compensation measure when the valuation is reduced. Usually when the ratchet is triggered, the company will be very troublesome, because the startup team needs to cut its own flesh.

Yu Qiang spread his hands: "This can't be helped, according to the previous valuation, it is too high, I have to have a past reason that I can say to convince the company." ”

Li Zhaokai rubbed his eyebrows, of course this matter is troublesome, but he is not impossible, thought about it, and said: "There is still something to say, the purpose of this investment is very clear, the expected return on capital is also very impressive, and this IP will also have a long-tail effect, if the valuation is calculated after the investment income is recorded, Pengfei's valuation will exceed the previous D round." ”

"That's not enough. What you say is expectation, the future, not a real hammer. We always have to avoid uncertainty when investing in companies, even though I am personally optimistic about your investment plan. Yu Qiang is actually optimistic, after all, the three words "Spring Festival file" are glittering.

"Then we can capitalize on R&D expenses. Li Zhaokai said with some weakness, "This is at least no problem from the perspective of PE." ”

The so-called capitalization of R&D expenses is a kind of financial magic, calculating R&D expenses as intangible assets, which can not only "reduce" expenses, but also "increase" profits, making the financial statements look very good, and fully comply with accounting standards. However, it does not generate any actual cash flow.

Many listed companies like to use this trick to beautify their statements, and the best at using this financial magic trick is a certain vision that will return to China next week. The expenditure that technology companies can count as R&D investment is generally very high, and Pengfei Technology is certainly the same.

Yu Qiang knocked on the table, stretched his neck and said, "It's useless! This is fooling A-share leeks, do you want me to be unable to hold my head up in the company? Or, I'll give you an idea?"

"Please. ”

"Layoffs. Yu Qiang's huge tonnage sat back in the chair, and the swivel chair of three thousand yuan trembled.

"I can only convince the company if I get a good project and cut a certain amount of redundancy. You know, we have discussed Pengfei's problems many times in the company, why has it gradually degenerated from a cash cow to mediocrity, especially since your profitable projects are still profitable. The conclusion is that too many redundant employees are the most important reason, so strategic layoffs are essential. ”

Li Zhaokai nodded hurriedly: "No problem, in fact, we have also noticed this, and we have been doing it all the time, but not much." Then I'll start the strategic layoffs now, and you will go back to the company to report now, and let's take a two-pronged approach and strive to get this done as soon as possible?"

"Well, I really can't afford to drag it out, and I have to race against time. You're really, the movies are almost online to play this hand, is it too late?"

Gu Shujun breathed a sigh of relief: "As long as Zheng De Fund cooperates, it will definitely be in time." ”

"Well, how much valuation does Zheng De require for this project before he is willing to release it?

Li Zhaokai and Gu Shujun glanced at each other, and Gu Shujun said: "I haven't negotiated yet, but the left-eyed god means that Zheng De will spit out as much as he wants." ”

Yu Qiang was drinking mineral water, and he sprayed it with a mouthful of "poof", coughed for a long time before he raised his head, gasped and said, "Old Gu, aren't you kidding me? That's Zheng De, it's amazing, don't throw it into the water, and I won't let you take advantage of this! Don't talk about Zheng De, we can't afford to lose this person in Daxia!"

Gu Shujun smiled helplessly, "I know, if I can get this kind of diamond beep in the future, it would be good! The problem is that the left-eyed god doesn't know where to get the confidence of the fan, he must lower the price, and I have to talk to Yuan Yu, I really beep the dog......"

Li Zhaokai waved his hand: "Lao Gu, you should think about who to lay first, and we'll talk about the beep dog later." That's going to have to be at least fifty people, right?"

Gu Shujun saw Yu Qiang nodded, and said thoughtfully: "Marketing Department, now the function of the marketing department is not clear, and it is not very useful.

Li Zhaokai nodded: "The reason is sufficient, N+1 can be saved." ”

Gu Shujun chuckled: "Why, look at me." ”

Yu Qiang smiled with satisfaction: "The layoffs won't have a substantial impact on your company, right?"

"No, no, no. The earth turns away from everyone. Li Zhaokai waved his hand and sent Yu Qiang away.

Gu Shujun turned his face and entered the office of human resources Chen Qi, asked her to print out the attendance sheet and look at it, and said with satisfaction: "You go and inform Qi Yu that because she is absent from work, and her business is not up to standard, she will not participate in business training, so she will be fired without compensation." ”

Chen Qi, a human resource, looked at him in wonder and said, "Qi Yu is absent from work?" She picked up the attendance sheet and looked at it, really, there were a few days this month that Qi Yu had no attendance records.

At this time, she suddenly remembered that the company organized an employee training for the marketing department a while ago, and she was the team leader, but Qi Yu asked for leave and did not go. Wait, she remembered that she had clearly seen Qi Yu come with a fake note that day, but Qi Yu was blank on the attendance sheet?

She suddenly understood, gasped, and quickly nodded and left the office. After a while, Qi Yu's voice suddenly sounded in Pengfei Technology, and the voice was so loud that many people could hear it: "I obviously handed in a fake note!"

Chen Qimulan said, "What did you do all those days?"

"I went through the procedures for selling the house, and I had to work days. ”

"Huh, where do you live now?"

"I rented a hall nearby, and I just finished moving. Speaking of this, Qi Yu's eyes are a little red, the so-called hall partition is a partition in the living room, that is, to share a room with someone, like a North Drifter.

She clenched her little fists and said with a little hope: "Sister Chen, help me check it, I must have handed in the fake note in those days." ”

"I handed in the fake note, but I didn't approve it. ”

At this moment, Gu Shujun actually walked out, and said with a proud face: "Didn't you always say that you won't do this bad job and go to the live broadcast to make money? ”