Chapter 30: Venture Capital Valuation

Since Zhou Shi knew the only way to "be thin and tall, white and young, Pan Donkey and Deng Xiaoxian", he has always wanted to find opportunities to practice. It's a pity that this summer vacation, Wang Xirui's family has already planned to travel abroad. Zhou Shi can still only stay in BJ. Even in Zhou Shi's reluctance, financing negotiations still had to begin.

"We are not a BBS community, we are Web 2.0. Even if it's a community, we're the largest, a community of interests that every internet user can participate in. It took us more than half a year to surpass the largest forum in China, and the number of registered users exceeded 15 million. Zhou Shi didn't play tricks with these venture capitalists, and directly gathered three venture capitalists, and pointed out the difference between Tieba and BBS at the beginning. Whether it's true or not, Zhou Shi wants to blow it like this anyway. "We will outline the user's interest map through the user's activities in Tieba, and then continuously improve these data through products such as knowledge and experience, and then provide advertisers with more accurate advertising promotion plans. Cooperate with search companies to increase the stickiness of search company users, and also cooperate with game companies to promote or jointly operate games, etc. Our future profitability will be multi-level and multi-channel!"

"But you have received Baidu's suppression, Baidu Tieba's competition, the prospect is not clear" Investors naturally want to suppress Tieba and lower prices.

"The clearer the company's future, the greater the price you will pay. You have also read it, and the evidence in my hand can at least allow Baidu Tieba to change its name. If it's serious, you can even directly ask them to turn off Baidu Tieba. In addition, I think everyone should also be aware that Baidu is in trouble. Zhou Shi's words are well-founded, and the famous personal webmaster Li Xingping keeps in touch with him. "Our company doesn't want to get into trouble, but we're not afraid of it. Zhou Shi said confidently.

After the first communication meeting, everyone started due diligence. In less than two months, the number of users has increased by half. This is not a fraud by Zhou Shi, and the statistical tools they developed themselves show that the number of registered users with the same IP address is not higher than normal. And as Supergirl began to be selected in various places, the number of registered users of Tieba increased significantly.

The joint due diligence of the three companies is underway, and Zhou Shi is already aggressively procuring infrastructure such as servers for the upcoming user growth. Before several due diligence officers who had signed confidentiality agreements could question Zhou Shi, a shocking news spread on the Internet. Yahoo acquired hao123 for $10 million. For a while, Yahoo went crazy, Zhou Hongyi swelled, and the news that Li Xingping made a lot of money was widely circulated in various Tieba forums, and the three major portals were trying to report. Yahoo's own website is also reprinted like crazy. For a while, it became the hottest topic on the Internet. In one fell swoop, the Delong incident, which also had a huge impact.

Just when everyone thought that Zhou Hongyi and Yahoo were crazy, there was news that before Yahoo acquired hao123, Li Xingping revoked the cooperation agreement signed by hao123 and Baidu. The most important thing is that 40% of Baidu's traffic comes from hao123!

For a moment, the entire Internet was almost silent, and the voices that mocked Yahoo disappeared in an instant.

Several venture capitalists came to Time Company almost at the same time and found Zhou Shi.

"A $30 million valuation, we agreed. "Obviously, they have already discussed it and know Zhou Shi's offer last time.

"I'm sorry, but my offer this time is a $50 million valuation. Zhou Shi shouted out again a price that he couldn't even believe.

"You're crazy, it's impossible!" Several venture capitalists almost wanted to leave, looking at the confident Zhou Shi, they still hesitated.

"I know it's a bit outrageous to say $50 million right now, but I'm sure soon you'll know why I'm making the offer. Zhou Shi said mysteriously

"Let's wait, I'm not in a hurry!" Zhou Shi continued to add, fortunately, those bigwigs from the venture capital company didn't come, otherwise it would be really arrogant.

So everyone retreated, and then studied the post bar company more carefully. I couldn't imagine that Zhou Shi could make any big moves.

Under the influence of repeated turmoil, Baidu has suffered setbacks one after another. Although Baidu's senior management came out one after another to refute the rumors, it still did not stop everyone's suspicion. Yahoo is not a fool, how could it be possible to make such a crazy move if it is not worth the money. It's a pity that the data statistics of the Internet take time, and I don't know how much Baidu's traffic has decreased now. Zhou Hongyi's prestige suddenly surpassed Baidu's Luo Bing Li. Tieba also launched a discussion in due course, who is more awesome between Zhou Hongyi and Luo Bing and Li? For a while, there was an uproar on the Internet. Time has also come to August in a lot of disturbances.

Super Girl Changsha, Hangzhou, Guangzhou, CD, Xi'an, Shijiazhuang several divisions to determine the top three, the final selection officially began. The partnership between Tieba and HN Satellite TV Super Girl was also exposed. Several VCs who knew the details of the contract were surprised, and DFJ joined in. Before formal negotiations began, DFJ gave Zhou Shi a big gift. Baidu decided to settle outside the hall and gave up the name of Baidu Tieba. And the website of Tieba is ranked in the first line of keyword search. Although this result had been expected for a long time, it was still surprising that it came so easily. Zhou Shi was also instantly full of affection for DFJ.

With the start of the final election, various fan groups in the post bar have appeared one after another. Zhou Shi, who is a little thick-skinned and black-hearted, hid behind and added fuel to the fire and took over the war of various fan groups. Or assist some advantageous idol girls to organize fan teams and collective actions. The number of registered users of Tieba exceeded 20 million within 10 days. And as the ratings of Super Girl continue to rise, the registered users and daily active users of Tieba continue to rise.

Faced with such a situation, Zhou Shi was naturally a lot busy. Even knowing that Wang Xirui arrived at the school ahead of schedule, he didn't find time to have a tryst with her, let alone break through the last hurdle.

However, for the upcoming military training and the upcoming expiration of U.S. crude oil futures, Zhou Shi still made preparations, and on the evening of August 13, at an average price of $45.5, all 600 crude oil futures were closed. The profit was 5.34 million, plus the principal amounted to a total of 6.07 million US dollars. With such a huge amount of money, Zhou Shi really wanted to push off the negotiations with venture capital. It's a pity that someone seems to be pushing the negotiation again, and the whole process is surprisingly fast. Originally, they wanted to start the valuation negotiations after the end of the military training, but they suddenly agreed.

"A $50 million valuation, they agreed!"

Zhou Shi grabbed Wang Feng's hand tightly, wanting to confirm the news, it was so unexpected! Why did they agree?

"They really agreed to our $50 million valuation request!" Wang Feng shook off Zhou Shi's somewhat stiff hands.