Chapter 101: Discussion
"Suggestions?"
Wang Gongquan groaned, and said three seconds later: "It's almost enough, now those who want to enter have basically appeared, and those who haven't appeared basically won't be interested." I don't think there's any need to wait any longer, just finish it as soon as possible. ”
IDG is currently the majority shareholder of hao123 and is an institution, so the number of institutions that contact IDG to get shares from IDG is the most.
Only a small number of institutions are connected with Zhao Shanhe and want to get shares from Zhao Shanhe.
Out of the consideration of keeping pace, Wang Gongquan and Xiao Superman are both waiting for Zhao Shanhe's actions.
After all, they are all in the honeymoon period now, and they are all sold in the morning and sold in the evening, so there is no need to sell them in front of Zhao Shanhe.
Moreover, Wang Gongquan and Xiao Superman are both very optimistic about Zhao Shanhe, and they are not ready to throw away all the shares of hao123. Only be prepared to throw away a part, and then keep a part in your hand.
Since this is the case, then they naturally will not make Zhao Shanhe uncomfortable for a little immediate benefit.
Zhao Shanhe has cash in his hand, and Wang Gongquan and Xiao Superman are very clear.
hao123's revenue has now exceeded more than 10 million, and the company has enough cash.
As long as Zhao Shanhe is willing to wait until the end of the year, he can actually get a large amount of dividends. However, Zhao Shanhe wanted to launch a B round of financing at this time for some reason, and they would not oppose Zhao Shanhe to be a villain.
After all, institutions are in the investment business, and on the premise of not falling out with the founder, it is best for everyone to make a fortune together.
They won't lose money in Series B financing, anyway, they make money anyway, it's just a matter of earning more and earning less.
Now that you earn less, you can earn it back later, and there is no need to make everyone unhappy.
"Okay, then don't wait. I don't know if Mr. Wang thinks those are suitable for entry, let's sum it up. Zhao Shanhe asked cautiously.
Zhao Shanhe still knows a little about the competition between institutions.
Zhao Shanhe asked this, but he also wanted to explore Wang Gongquan's tone.
Zhao Shanhe didn't want to have a bad atmosphere in the company because of the incompatibility between the introduction of a certain institution and IDG.
Wang Gongquan thought for a while: "Goldman Sachs and Sequoia can be considered if the price is right." ”
"Okay, I got it. Zhao Shanhe basically understood.
Sequoia Goldman Sachs should have a good relationship with IDG. In other words, some of them have a good relationship with Wang Gongquan.
Otherwise, Wang Gongquan would not have said it directly.
There is both competition and cooperation between investment banks.
As long as the interests are sufficient, there is nothing that cannot be discussed, this is capital.
"What about the price?" Zhao Shanhe then asked.
Wang Gongquan said with a smile: "Doesn't Mr. Zhao know the price, the most sincere is Goldman Sachs, and the others are too much worse than Goldman Sachs." ”
Zhao Shanhe nodded subconsciously, there are currently nearly ten investment banks in the offer, and the highest bidder is Goldman Sachs.
The $3 million acquisition of 10 percent of the shares is completely a premium acquisition, and it is not a premium of 1 and a half.
IDG's $20 million valuation of hao123 itself is to make more money and calculate the future potential, and Goldman Sachs' offer premium is not small.
"Okay, Goldman Sachs 10 percent. I can sell three percent of the shares in my hands. In addition, you and Mr. Li discuss it. I think the Goldman Sachs family should not be able to eat the shares in the hands of the two of you. Zhao Shanhe said without the slightest hesitation.
Zhao Shanhe originally only had 47% of Hao123's shares left, and he was transferred to Xiao Superman by 10% before, and now in order to keep his right to speak, Zhao Shanhe can only sell 3% of the shares at most.
IDG owns 49 percent of the shares, and Superman owns 10 percent.
Goldman Sachs took 10 percent of the shares, Zhao Shanhe took 3 percent, and the remaining 7 percent, the two of them are definitely not enough.
Superman is okay, with a total of 10% of the shares, even if he wants to cash out, it is impossible to sell them all at once. He is now a close partner of Zhao Shanhe, and before Zhao Shanhe did not leave, he withdrew directly, which is not good.
IDG, not to mention, hao123's business is one of the few big profits made by Wang Gongquan after he joined the investment banking work.
Not to mention anything else, the TX shares exchanged for those are enough.
TX's shares IDG only spent 1.1 million, and now the shares of Hao123 they have in their hands are worth 10 million, which is simply incomparable.
As a venture capital firm, unless you have other ideas about the company, you must be able to cash out as quickly as possible.
Moreover, as the founder, Zhao Shanhe is cashing out, and Wang Gongquan will naturally not be stupid to keep a few shares.
In this B round of financing, Wang Gongquan's plan is to sell 20%.
Leave 20 percent and wait for the listing to cash out.
As long as Hao123 can maintain the current momentum and develop, there will be absolutely no problems with the listing.
Originally, it was not necessary for them to operate alone, but now they have pulled several other companies into the market, and if there is a problem with the listing, it will be an insult to their investment banks.
"Let's see how much Mr. Li is ready to sell, our side is ready to leave 20 percent. Wang Gongquan didn't hide it from Zhao Shanhe.
This kind of thing doesn't make any sense to hide it.
Before looking for Zhao Shanhe, Wang Gongquan had actually talked to Sequoia about the same. It's not complicated, it's just a guarantee that Sequoia can get no less than 20% of the shares.
In this case, if there are really any big problems in the future, at least the two of them still have some right to speak.
If Zhao Shanhe doesn't make many moves with Little Superman, then Wang Gongquan is more willing to sell to Goldman Sachs, who will let Goldman Sachs offer the highest price.
Zhao Shanhe heard Wang Gongquan's words and said with a smile: "Yes, then so be it." I'll contact Mr. Li and see what Mr. Li has to say. ”
After saying hello, Zhao Shanhe hung up Wang Gongquan's phone, and then dialed Xiao Superman's phone.
After Xiao Superman answered the phone and knew Zhao Shanhe's intention, he said directly: "I will shoot five percent here, and I won't participate in the rest, you just decide." ”
According to the Goldman Sachs price, five percent is $1.5 million.
Superman didn't know whether he was making or losing, so he got 10% of hao123 shares for 1.5 million US dollars plus 20% TX shares.
Purely according to the investment hao123, he made money.
After all, he invested in hao123, and he only spent $1.5 million in cash to get 10% of the shares. He spent $1.1 million on 20% of TX's shares, not to mention appreciation, and he couldn't sell it at a reduced price.
But if you add in the fact that he spent another $10 million to acquire 10% of TX's shares, it would be a big loss.
If TX can't make as much profit as he thinks, then his investment will be a loss to his grandmother's family.
However, Superman is not a person who pays attention to immediate interests, and his investment is different from that of venture capital.
Venture capital is ready to run away at any time when he makes a profit, and he is ready to hold it for a long time.
Money, for him, is really not something worth caring about.
With Li Chaoren's net worth, as long as he leaves one-tenth of it for him in the future, it will be an extremely large amount. Not to mention his own net worth, he is also a rich mess.
The reason why TX shares are in a hurry to shake off is because it was not a project that he was optimistic about from the beginning. It's just out of desperation to invest, and if you can run, you naturally run quickly. is willing to invest later, purely because he is optimistic about Zhao Shanhe.
It's only 10 million US dollars, and for him, it's still bearable.
If it is done, it means that his vision is very good, and if it is not, it can only mean that he still needs to hone and hone again.
"OK, then I'll ask someone from Goldman Sachs to come over and talk. When the time comes, I'll send you a copy of my contact information. Zhao Shanhe didn't talk too much about this matter, and made a decision very simply.
Together, the two of them didn't have enough 10 percent of Goldman Sachs' shares, so there was really no need to discuss anything.
Little Superman, who was accompanying his girlfriend, said nonchalantly: "You can arrange it, I have something to do, so let's not talk about it yet." ”
After saying that, Superman hung up the phone, pulled his girlfriend who was sitting next to him, and kissed him......
Zhao Shanhe listened to the blind voice from the microphone, smiled, and then took out a stack of business cards from the drawer, found the business card of a person in charge of Goldman Sachs who came over a few days ago, and dialed it out according to the contact information above.
"Toot, toot. ”
After two rings, the phone was connected.
"Hello, Mr. Gao, I am the chairman of hao123, Zhao Shanhe. Zhao Shanhe didn't wait for Gao Changjiang on the other side to speak, so he reported to his home.
Gao Changjiang, who was watching the project evaluation in the office, was not surprised by Zhao Shanhe's sudden call.
As one of the big four investment banks, Goldman Sachs has money.
Goldman Sachs is not afraid of losing money on the projects it invests, but it is afraid that the projects it is optimistic about will not be able to invest in.
Hao123 is now one of the best projects in the Huaxia Internet industry, not to mention revenue, at least the operation of the listing is definitely no problem.
According to Gao Changjiang's estimate, if there are no accidents, it is very possible that when the company goes public, it is very possible that 3 million will become 30 million.
Therefore, the decision to invest at a premium, Gao Changjiang has no pressure at all.
If Zhao Shanhe wants to raise funds, he will definitely not give up Goldman Sachs to choose other companies.
People are humane, and rats have rat nests.
The quotations of other institutions, even if Gao Changjiang does not know it very clearly, still knows the approximate range.
Who made him have a good relationship with Wang Gongquan, and Wang Gongquan is the person in charge of IDG's investment in hao123.
"Mr. Zhao, hello. I'm waiting for your call, but I'm waiting to death. If you don't call me again, I'm going to go to your company to disturb you. Gao Changjiang said with a smile.
When Zhao Shanhe heard this, he said: "Mr. Gao, you are joking, if you want to go, I will take the initiative to go to you, how can I bother you to come to my side? I am looking for you today to discuss with you about Goldman Sachs' stake in hao123. I discussed with other shareholders, Goldman Sachs is 3 million US dollars, I will give 3% of the shares, Mr. Li will give 5% of the shares, and IDG will have to go to Mr. Wang to discuss. ”
"No problem, when can I sign the contract?" Gao Changjiang said nonchalantly after hearing Zhao Shanhe's words.