Chapter 119: The Prototype of a Hundred Billion Empire
The annual Information Economy Summit Forum has come to an end.
After the forum, Li Feng once became the focus of attention and was sought after by many participants.
I saw an endless stream of people who came to talk to him, and the spotlights of many media shone on Li Feng, even more than the people around those Internet bigwigs.
It can be said that the biggest highlight of this summit forum is Li Feng, a young man, whose appearance continues to lead the topic of Internet economy to depth, especially during the on-site exchange in the afternoon, he proposed a number of new concepts, which have greatly broadened everyone's horizons and seen the new possibilities created by the Internet for the future.
It is precisely because of Li Feng's leadership that many Internet practitioners who participated in the conference have begun to re-examine their entrepreneurial path.
Many media, including Huaxia TV, prepared to interview Li Feng after the meeting, but Li Feng politely declined. Li Feng didn't seem interested in them, but chatted with Long Yu, who followed.
The "Baibaowang" project in Long Yu's hands is the prototype of a business empire worth hundreds of billions of dollars in the future, and if it can enter the game at an early stage, it is undoubtedly a wise move for a million profits.
The lobby of the hotel was full of people, although the meeting had ended, but everyone was still unsatisfied, and they gathered together in twos and threes to communicate.
Li Feng and Long Yu walked into a side hall of the hotel, which was relatively quiet, without being disturbed by outsiders, and the two sat looking at each other.
"Brother Long, don't you have an online e-commerce project, how is it, how have you done it now?" asked Li Feng.
Long Yu said: "This project has been in the making for a long time, and in terms of project completion, it is close to 100%, but due to the lack of funding and the fact that the feasibility of this project is very controversial in our team, it has not been launched for a long time. Brother Li, are you interested in this project?"
"Yes, not just interested, but totally optimistic. Now that everyone is not yet tasked with online shopping, there is no competitive pressure on this project, and it only needs to do its own thing and expand the market little by little. It's much easier to compete with a few but dozens of large companies in a field that has already been proven to work. Li Feng said.
Long Yu nodded, Li Feng's point of view is the same as his, which is also a rare advantage of this project at present: "It is true, the current online shopping, only the United States has some sporadic practices, in our Huaxia, we are the first and only one, so our competitive pressure does not exist." ”
"But time waits for no one, there will always be the first person to eat crabs, we must seize this important time window to get your e-commerce project online as soon as possible. If you want to implement it right away, I can fund it. Li Feng said.
The current Pioneer Fund Company is already jointly managed by Li Feng and Lin Yuting, and Lin Yuting has handed over part of the management authority to Li Feng and given him a free investment quota of no less than 1 million.
At the same time, the project led by Li Feng can also get 40% of the future profit. So for Li Feng, this is a great thing for money in the sky.
However, if you want to invest in Longyu's Baibao.com, one million is obviously not enough, so you must consult Lin Yuting for some matters.
"My e-commerce project is called Baibao.com, but the project has been stagnant due to lack of funds. Long Yu thought for a while and said, "To start this project immediately, I need at least two million or more cash. ”
"Funding is not an issue, I can provide more if you need it. Li Feng said, "Brother Long, how much equity are you willing to give up at most?"
"The first round of financing, about 30% at most, I can't make a decision any more, my goal is to exchange for two million in cash. Long Yu said, "Brother, I know that this valuation is not very kind, but without this bit of cash, I can't start the whole project." In terms of equity, this is the limit of the first round. If I could, I would be willing to package you a 49% stake in the express car navigation network. ”
By the end of 2002, the valuation of Express Navigation Network reached 3 million and it was acquired by Julong.com. It can be said that the growth of this website is so-so, and investing in it is neither good nor bad.
In 2001, the valuation of this website navigation website was about 1.2 million, that is to say, the value of Longyu packaging express navigation network was about 600,000.
In this way, Baibao.com, which is still in its embryonic form, has a valuation of more than four million yuan.
From a professional point of view, this valuation is still on the high side for an Internet start-up project.
However, without this cash, the project may be difficult to fully launch, and it will be delayed until the end of 2002, missing a year of golden strategic opportunities.
Moreover, 30% of the equity is a valuation of nearly 100 billion yuan for a giant listed company with a market value of more than 300 billion US dollars in the future, which is really a big business that can earn even my mother.
"Okay, that's it, I'll take it upon myself to take the initiative and take out two million cash on behalf of the Pioneer Fund Company to obtain 30% of Baibao.com and 49% of the shares of Express Navigation Network. Li Feng said, "Moreover, I hope that in the future, Pioneer Fund will have the right of first refusal to increase capital." ”
"Really, absolutely no problem!" Long Yu didn't expect Li Feng to agree so quickly, because all he could get his hands on at present was the express navigation network, and Baibao.com was just a prototype, and he couldn't see the future at all, and even others thought he was a liar.
Under such circumstances, Li Feng actually did not hesitate to invest, which is really very bold and far-sighted.
"Of course, Brother Long, we are in business, and there are a few conditions. Li Feng seemed unhurried, "First of all, the start of the project must be fast. After the funds were in place, I asked the Baibao.com project to be fully launched within a month. Secondly, I ask Baibao.com to quickly set up its own management team, and Vanguard Fund Company has no less than one-third of the voting rights in the management. ”
Li Feng's two conditions are actually not harsh, first of all, if the Baibao.com project can be launched immediately, it will completely change the course of history.
Historically, the full launch of Baibao.com was not until after 2003, and if the project could be launched in early 2002, it would be a full year ahead of schedule, and the future growth would be faster, and the process of listing in the United States would be greatly advanced.
As for the second one, Li Feng hopes that he can participate in the decision-making of Baibao.com, so that his various experiences can come in handy and help Baibao.com quickly correct the mistakes made in the early days.
"Brother Li, it's okay for you to mention this. Long Yu nodded and agreed, "This project is also something I desperately want to start, and now all kinds of preparations are ready, just waiting for the injection of funds." It seems that this trip to Xianhu City was not in vain, I met you, brother, and finally solved my urgent need. ”
"After all the details are discussed, we will officially sign the investment agreement. Li Feng said, "Brother Long, I am very optimistic about your project, this project represents the era of deep application of the Internet, and you are the one who stands at the forefront of the times and leads the world." ”
"I hope so, too, it's my dream, and people who don't have dreams are no different from salted fish. Long Yu said, "Brother Li, your strategic vision is far above mine, and with the addition of your Pioneer Fund, it is undoubtedly a major benefit to our Baibao.com project." I rushed back to Nanhang City to discuss the investment agreement with the team. ”
"Good. Li Feng got up and sent Long Yu out of the hotel.
It was getting late, and the afterglow of the setting sun sprinkled the earth, making the square outside the Golden Emgrand Hotel a golden light.
The summit forum has all ended, and the Internet bigwigs will also set off for their return, and the lively venue has returned to tranquility.
Standing on the square, holding the admission invitation letter of Julong College in 2002, Li Feng suddenly felt that he had the opportunity to stand at the forefront of the entire era and guide the future development direction of China's Internet industry.
A kind of pride that the general trend of the world is in my hands emerged from my chest, which made Li Feng, an old man in his thirties, suddenly have a feeling of blood boiling.
Through this summit forum, Li Feng has fully realized that the future knowledge in his mind can completely crush everyone in this era, including the group of knowledgeable and experienced Internet tycoons.
In this sense, I am already a god-like being, as long as I do it seriously, no matter what I do, I can seize the opportunity and achieve greater success than others.
It seems that a new era is opening, and Li Feng's arrival has unconsciously greatly increased the speed of the opening of a new era.