Wang Kaige sat on the sofa, posing in a good posture, with a smile on his face, waiting for Su Wang and Chen Binghao's response, which was a kind of confident confidence.

Su Wang's fingers rubbed the sofa skin, he and Chen Binghao both knew that the valuation of 2 billion yuan was enough for the current happy network, but with the development prospects of the happy network, in less than half a year, this valuation is definitely low.

But now the problem is that the opponent will not give them so much time, the school intranet has raised a considerable amount of venture capital, and is about to start the publicity in the form of large coverage, at this time, if the happy network can't keep up, it will be slowly eliminated.

"The valuation of two billion is acceptable, but the way the contract is going to need to be changed. Su Wang and Chen Binghao exchanged a look, and finally Su Wang looked at Wang Kaige and said.

Wang Kaige didn't have any surprised expression on his face, because he knew that the contract would definitely have to be modified, and it would depend on whether a mutually satisfactory condition could be reached.

"Mr. Wang, according to the plan you gave, Carlyle Capital injected 400 million yuan and took away 20% of the shares, which is no problem, but what I hope is a one-time capital injection, rather than a batch of capital injection according to the stock options. ”

Su Wang has seen the plan, and Carlyle Capital's capital injection plan is actually the same as SoftBank, which is to invest a sum of money in the early stage, and then agree on stock options after 1 year, but this is a stock subscription

However, there are restrictions on the right to achieve the level of development they expect.

Wang Kaige frowned, but he didn't interrupt Su Wang's words, because he knew that Su Wang still had something to say.

"The second point is that your company only has the right to dividends and the right to know about major events, and has no voting rights and management rights. ”

As for the second point, Wang Kaige has no objection, in fact, a venture capital institution like them, investing in a new company, almost does not participate in the management and operation of the company except for sending a director to supervise.

Wang Kaige is very clear that interlacing is like a mountain, they are doing finance, it does not mean that they can do a good job in a company, professional things are left to professionals to do, what they are good at is investment and listing.

"The last and most important point is that your company may not sell the equity of Kaixin.com at will, or if your company wants to sell, Kaixin.com has the first repurchase right,"

"The repurchase right is okay, but it's probably hard to sell the shares, we invest to make a profit, and when we feel that we have reached a certain profit, we will naturally sell, of course, we will generally sell the shares after the company goes public. ”

For a big investment bank like Carlyle Investments, they choose to invest in a new company to take the company public, as long as the company is listed, they can get enough returns.

At this time, Ctrip.com did not make much profit, and it can even be said that it was still a loss stage, but so what, in 2004, Ctrip.com was listed, and as a venture capital institution, it directly obtained a return of nearly 15 times.

"Listing?" Su Wang frowned and looked at Wang Kaige.

"That's right, if Kaixin.com accepts our investment, with the power of our Carlyle Capital, it won't be a problem to help Kaixing.com go public in the next three years, and at that time, it's time for us to sell our shares. ”

"I think Mr. Wang, you misunderstood, Kaixin.com will be listed, but not necessarily in the next three years. ”

Su Wang shook his head, the listing of Internet companies is nothing more than two purposes, one is to return to the investors in front, and the other is to raise more funds to invest in the development of the company.

But Su Wang didn't want to let Kaixinwang go public so early, at least in the next five years, Su Wang didn't plan to let Kaixinwang go public, and in the stage of Kaixinwang's development, he didn't want Kaixinwang to be controlled by capital.

"If you don't go public, ......"

"Mr. Wang, forgive me for interrupting you, in fact, we can do this, we can sign a repurchase agreement, and after three years, regardless of whether it is listed or not, Kaixinwang is willing to repurchase your equity at three times the price. ”

As soon as Su Wang's words came out, Wang Kaige's face changed, and the eyes that looked at Su Wang became different.

Three years, three times the repurchase, this is almost equivalent to this investment is already a safe report, of course, the premise is that the development of Kaixin.com at that time is good, can get the money.

If Kaixin.com can't come up with this money, it means that their Carlyle Capital's investment has failed this time, and it will be meaningless whether to sell the equity or not.

"It seems that Mr. Su is very confident, but I personally think that I can only repurchase 10% at most, and the remaining 10% of your company only has the right of first refusal. ”

Wang Kaige is very shrewd, let Kaixin.com repurchase 10% of the shares 3 times, which means that the investment is not a loss, and he, as the initiator, can explain to the company and the investors behind the scenes.

If Kaixin.com is completely developed, then the remaining 10% of the equity will be earned, and it will definitely be less than 300 million.

"No problem. ”

After pondering for a while, Su Wang finally agreed.

In the face of capital, sometimes it is so helpless, take the old horse next door as an example, SoftBank invested 20 million US dollars, and finally SoftBank got a return of hundreds of times.

Is Lao Ma willing, naturally he is a little unwilling, but he has no choice, because at that time, only SoftBank was willing to invest in him, and if there was no money, there would be no Ali Group behind.

In the world, all good things can't be taken by one person.

Su Wang did not participate in the specific drafting of the contract, Chen Binghao would find professional personnel to follow up, and all he needed was to sign the contract at the end.

"Mr. Su, Mr. Chen, dine together in the evening, and introduce a friend when the time comes. ”

At this point, the investment is negotiated, and Wang Kaige does not have to do the next contract and legal procedures himself, and arranges for his subordinates to do it well.

"Mr. Wang is the east, so he must go to the appointment. ”

Chen Binghao did not refuse, Su Wang also nodded with a smile, the person in charge of an investment bank like Wang Kaige has a very wide network, and since he also took the initiative to introduce him, it proves that this friend must also be a person in the Internet industry.

As the boss, Chen Binghao naturally didn't need to commute on time, and the next group of three people was about to leave, but Su Wang made a call to Zhou Peng before leaving.

However, after the phone was connected, Su Wang's face sank, and Chen Binghao also sensed that something was wrong, and asked with concern: "Su Wang, what's wrong?"

"I brought two friends from the anti-fraud network over today, and they should be talking to the people in the project department, and the conversation is not going well. ”

In front of Wang Kaige, an outsider, Su Wang didn't say it so obviously, but Chen Binghao and Wang Kaige were both human spirits, and they had already heard the meaning of the words.

"Mr. Wang, you sit here, Su Wang and I will go out to have a look. ”

"Okay, the two of you are at your own convenience, it just so happens that Mr. Chen, your tea is very suitable for my appetite, so I will be cheeky and be the master and make myself more tea. ”