Chapter 962: The Science of Financing

Money is an original sin for many people, because money derives too many sins in this world, but for Zhao Fusheng, when Zhao Fusheng can resist the temptation of money to himself and use money as a tool, money is flawless.

At the top of this world, smart people have always thought hard, chosen the right direction, and then risked their lives to overdraft themselves, so every successful person often has one kind or another psychological problem.

Perfectionism, paranoia, self-confidence bordering on hubris......

Character traits such as these tend to be found in those who lead the times.

But Zhao Fusheng didn't, the reason is very simple, because he is not a so-called genius, he is just an ordinary person, and the reason why he can stand in front of most of his peers is that he has experience and experience beyond his peers in his mind.

Therefore, even if Han Bin calculated a little, Zhao Fusheng didn't have so many ideas except that he was a little depressed at the beginning, and he was able to accept this matter calmly.

In many cases, facing oneself is also a skill.

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After talking about the investment, the relationship between Zhao Fusheng and Han Bin has changed somewhat.

Han Bin and Zhao Fusheng got along before, although they were also very harmonious, but after all, everyone was just a collaborator, and the relationship between each other, to put it bluntly, was more like Aipu Han's family paid money, and Zhao Fusheng gave them advice.

How much you get paid, how much you do.

This is probably the most reasonable explanation.

In other words, if Han Bin took the initiative to befriend Zhao Fusheng, it was called Corporal Lixian, and if Zhao Fusheng took the initiative to befriend Han Bin, it was called clinging to the nobles.

What's more, the relationship of interest is there, and both people know that it is impossible for everyone to become real friends.

Some people like to say: as long as there is enough money to spend, the satisfaction of the spiritual world is the most important.

But the problem is that human beings are not Robinson who lives in isolation on a desert island, and money is certainly not omnipotent, but most of the time, the amount of money is the most direct withdrawal of a person's own value, and can even determine a person's status.

After all, the scientists who promise their lives are a minority, and eating men and women is the living state of most people in this society.

Money determines the ass, wealth determines confidence, this may sound a bit vulgar, but the words are not rough.

Today's Zhao Fusheng seems to have the confidence to communicate with Han Bin, instead of relying on his talent to impress the other party as before.

"How far do you think the school intranet can go?"

Han Bin went out and made a phone call and asked his subordinates to come over to negotiate with Dong Chenxi's people, but he himself turned his head and chatted with Zhao Fusheng.

As a boss, you don't necessarily need to do everything yourself, as long as the general direction of the negotiation is determined, someone will naturally do the rest.

"It's hard to say. Zhao Fusheng shrugged: "The first depends on our promotion efforts, and the second depends on the development speed of the Internet." Of course, there is also the question of whether there will be anyone other than you who will be interested in this project. ”

You must know that Zhao Fusheng plans to go public for the project of the school intranet.

For pre-IPO financing, the industry is customarily divided into angel investment, A round, B round, C round, D round, etc.

For startups that can generate net cash inflows in a relatively short period of time, they generally only go through one or several stages of equity financing. For startups that need to continue to invest capital over a longer period of time, each of the above stages of equity financing may go through, and some of these stages may even go through several rounds of financing.

To put it simply, it is also a process of collecting money.

Angel investment and seed investment, as the name suggests, may only have a concept and have not started anything, or have just started operation and have not yet come out with a product, or have come out with a product but have not been sold on a large scale. Watering at this time, the seed will grow, and you will be an angel.

The seed will grow, and there are still many risks in the process of growth, which need more care, so Venture Capital has the name of venture capital.

A round is followed by B round, and if you want, you can also have C, D, E, F, G rounds.

Of course, the names A, B, C, D, and E are just a common thing, and if you want, you can also call them rats, cows, tigers, rabbits, dragons, snakes, horses, and sheep wheel investment, or call them the first round, second round, and third round.

When the road to listing is about to come to an end, there are still people who want to take a ride at this time, which is called mezzanine investment. After listing, it is also possible to raise funds to privatize the company.

Specifically, when seed invests, there is basically no team, only ideas, one or two founders, and a start-up capital is required. The amount of investment is not very large, about one million to three million, and the main role is to help the company start.

In that case, the company's valuation would not exceed 15 million RMB.

In the angel investment stage, there must first be a core technical team, the team is basically there, about three or five people, and after a period of time, the product will be launched soon, which can be seen internally. The investment amount is about 5 million, and the company's valuation will not exceed 30 million. 

During this period, if the funds are insufficient, you can also seek a round of financing, but at that time, the product has generally been launched, but there is not much data performance, and you need to raise a sum of money to support the team to continue to verify. The financing amount will not exceed 10 million yuan, and the company's valuation is about 30 million yuan. 

When the basic product model has been run through and capital is needed to continue to expand, the financing amount will exceed 10 million, and the company's valuation will rise to 50 million or even higher.

As for the next financing, it will basically follow this routine, the only difference is that the valuation of the company after the C round and the C round is difficult to predict, and it can only be measured by large-scale profitability. The amount of financing is basically negotiable, and it is evaluated by the enterprise according to the financial statements of its own business development forecast.

So in fact, both Zhao Fusheng and Han Bin know that 40 million yuan won 25% of the equity of the school intranet, which is basically in line with the law of financing.

Next, it is a matter of the game between the two sides.

After all, it is not unheard of for the founder team to be kicked out.

That's a common thing, to be exact.

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The negotiation between the two sides was very fast, and an agreement was reached quickly, and the moment Dong Chenxi and Han Bin signed the contract, Zhao Fusheng suddenly felt an indescribable sense of accomplishment.

For him, it's really a pleasure to see the company he founded become a behemoth little by little.

PS: Kavin, special Kavin, I need to take a good look at it.