It is not unusual for Song Liang to know that Li Mu is running a website, after all, the upfront funds of Yiting.com were earned back from the four people of the Simple Plan, and with Song Liang's relationship with them, this matter is not a secret at all.

Li Mu didn't hide this, nodded and smiled: "In July and August, I made a music audition website, and then I made a post bar some time ago." ”

Song Liang said: "I heard that these two websites are very popular now, and there is a lot of traffic?"

Li Mu said: "It's not bad, but the current traffic is far from reaching my goal." ”

Song Liang asked: "When the website develops to a certain extent, the cost of investment you need should become very large, right?"

Li Mu said: "Yes, to a certain extent, the investment in all aspects will increase geometrically, a small website, the early server and bandwidth investment is only a few thousand yuan a year, but if the development is fast, the cost of this aspect alone, millions a year may not be able to stop." ”

Li Mu thought of the video website in the future, they will have to pay a huge cost for server space and bandwidth in the future, this cost is so large that it is almost unimaginable in front of the current Internet companies.

Song Liang asked Li Mu: "In that case, the more you go forward, the more difficult it will be for you to support yourself, right?"

Li Mu nodded and said, "I'm feeling struggling now, so I'm already ready to talk about financing." ”

Feeling that Song Liang seemed to be very interested in this matter, Li Mu asked tentatively: "Brother Liang, if I talk about the A round of financing, there will be a large company leading the investment at that time, are you interested in playing with the investment?"

Song Liang's eyes lit up. "Would you like to let your brother come in and dilute your shares?"

Li Mu felt that people like Song Liang were very angry with him, and he had vision and ideas. also helped himself a lot, if the two of them can reach a community of interests in the future, they must be able to do a lot of things that they can't do alone, so he also has the heart to let Song Liang participate in the career of Yiting.com and Tieba.

Besides, I have always been greedy for the real estate development of Yanjing, Shanghai and even Yangcheng and Shenzhen in the future, but I don't know anything about real estate bullshit, but if Song Liang is there. The two of them work together, maybe they can drink two mouthfuls of porridge and grab two steamed buns in the real estate field in the future, so dilute themselves a little at this time. Involving Song Liang is undoubtedly a good thing with no harm in all kinds.

So, Li Mu threw out his olive branch: "Brother Liang, tell the truth." Originally, I was only going to release the shares with a 10% dilution of capital in Series A. However, if you are really optimistic about this area and are interested, I can prepare five points of shares for you in the A round, and then you will follow the capital and enjoy the same treatment as the capital that leads the investment. ”

The meaning of equal treatment is to enjoy the same valuation, cash-out, increase or decrease in holdings and so on when investing.

For example, when Li Mu chooses the capital side, he will give a certain tilt according to the strength of the capital side's resources.

For example, if a company with resources like Baidu invests in itself. You can give them a seven-percent discount on the psychological price point, because their resources are strong. It can make the business development of Yiting.com and Tieba faster, but if it is an ordinary investment bank, Li Mu will not give them a discount, and even give them a price increase, such as giving them a coefficient of 1.3 times.

If Li Mu talks about Baidu's A round, Baidu will definitely be able to get a relatively low price, but if there is other capital to follow-up, it will not be treated so well, but, generally speaking, people who follow the investment have hope for the project, and see that there are large companies leading the investment, even if they can't get the same treatment as the lead investment company, they will also choose to follow the investment and fight for a future.

Li Mu's treatment to Song Liang is that he can also enjoy the conditions of leading the investment with him, and he will be treated equally, which can be said to be a great discount.

Although Song Liang does not do the Internet, he understands financing and investment very well, as soon as Li Mu's words came out, he knew in his heart that this younger brother was not in vain, although the shares sounded like only 5%, but it was very good for himself, a person who did not understand the Internet at all, and followed the car to fight for a future.

So, Song Liang said: "Brother, don't regret it, brother, I am really interested in the Internet, but I don't know how to get in, if you are really willing to dilute 5 points of shares to me, I will not hesitate to accept it?"

Li Mu smiled slightly: "Brother Liang, since I said it, I will definitely not regret it, and this is the A round, if it comes to the B round, the valuation increases, and you want to cash out and leave, I will communicate with the investor and let you cash out first; ”

Li Mu's words are equivalent to giving Song Liang a guarantee.

The A round came in with a valuation of tens of millions, and when the B round of valuation increased several times, or even more than ten times, if Song Liang wanted to leave, Li Mu would definitely help and let him transfer the shares directly to the B round of investors, ensuring that he could even withdraw all the principal and profits.

When Song Liang heard this, he was amazed at Li Mu in his heart, how could this kid have such a deep understanding of capital at such a young age? If it weren't for the face-to-face, he would have thought he was chatting with a thirty or forty-year-old venture capitalist.

However, Li Mu's words also made Song Liang very happy, and immediately said: "Brother, then I won't be polite to you! When you talk about the A round, I will directly follow in my personal name!"

"Okay!" Li Mu smiled slightly, both of them had obvious thoughts, Li Mu wanted Song Liang to get in the car, and Song Liang himself also had the intention of getting in the car, so they hit it off and got in the car together to see the scenery.

Song Liang's psychology at this time is not to see the scenery, he just wants to get on Li Mu's car, no matter whether this trip can make money in the end, he doesn't care, he just feels that he should be bound to Li Mu at the level of interests, which will make the future of the two more possibilities.

Thinking of this, Song Liang said again: "Brother, I have taken a new piece of land, less than three kilometers southeast of the city, three archways, have you heard of it?"

Li Mu nodded, the third archway is not famous now, it will be a new residential area in Haizhou in the future, with the future development of the city, the urban area will continue to develop in the southeast direction, and in the next few years, it will become the most expensive place in Haizhou.

Song Liang said: "This land will start construction at the beginning of next year, and there are many shareholders, so I won't introduce them to you one by one, but my brother I am the major shareholder, if you are interested, I will personally give you five points, what do you think?"

Li Mu said: "Brother Liang, you have a real estate development, hundreds of millions of dollars at every turn, and five points will be at least a few million, I'm afraid I can't afford it!"

Song Liang smiled slightly: "What you said is the total cost, the start-up capital is not so high, tens of millions are enough, and the rest depends on bank loans, as well as internal pre-sales." ”

Li Mu asked puzzled: "Internal pre-sale?"

"Yes. Song Liang said with a smile: "There are a lot of real estate shareholders, and there are many people who want to participate in the shares but can't participate in the money, after our project starts, in order to return the funds as soon as possible, a certain percentage of the housing will be pre-sold to these people, so as to return the funds as soon as possible." ”

Li Mu nodded and said with a smile: "Thank you Brother Liang for your kindness, but I don't dare to say too much now, so let's keep it for me first, and if I come out at that time, I will also come to Brother Liang and mix it with you." ”

Song Liang laughed and said, "No problem, when you don't have enough cash, I'll lend it to you." ”

Because the two have the same ideas, they both hope to be able to have certain interests tied to each other, so the two have a particularly pleasant meal.

Li Mu thought that his easy-to-listen network and post bar were still personal, and when the time came, he would definitely have to be corporatized if he talked about the A round, and it was better to do this thing first than to catch the blind in front of him, so he was ready to take time to go back to Yanjing to register a company.

However, now the industrial and commercial departments are also on holiday, and the registration will have to wait until after the National Day, but you can go to Yanjing to find a special agency to help, which can save a lot of trouble.

Song Liang has always been curious about Li Mu's own psychological expectations for the valuation of Yiting.com and Tieba, Li Mu said lightly: "According to different investors, the valuation should be 50 to 80 million." ”

Song Liang was completely stunned: "So high?"

Li Mu nodded: "This valuation is actually not too high. ”

With the current development momentum of Tieba, if the A round of financing is carried out in October or November, then with its millions of registered users and millions of daily active users, it can get at least tens of millions of valuations, and the Internet valuation has a lot of redundancy, because the Internet has never looked at the current profitability, but the future development prospects, in short, just two words: "concept." ”

In the future, the A round of financing will be able to get millions of dollars in the size of the website, which means that the valuation of the A round will inevitably reach the order of tens of millions of dollars, and the B round will raise 20 million US dollars, with a valuation of more than 100 million US dollars, that is to say, in just a few months from the A round to the B round, the valuation has risen several times or even higher, which shows the importance of the concept.

When the school intranet is popular, the valuation is also a price a day, and it can scare people to death when it is high, but it is the same as the happy network, it is a street item that has come to an end after a few years, but the music audition will be popular for at least five to eight years in the future, and the post bar can be popular for fifteen to twenty years.

Song Liang was obviously frightened by this valuation, he couldn't convince himself to believe in the feasibility of this valuation, but he didn't care too much, anyway, as long as there is capital to lead the investment, he will definitely follow the investment, he doesn't understand the Internet, but the capital side must understand, what's more, he believes in Li Mu, even if he invests millions in him, he won't frown. (To be continued.) )