Two hundred million?

Wang Gongquan was willing to accept Kangsheng's valuation of 200 million, and to tell the truth, Chen Qiaoshan was a little caught off guard.

Is Kangsheng worth 200 million? Definitely worth it, but Chen Qiaoshan's personal approval does not mean that others can accept it.

In my memory, Kangsheng not only missed the listing, but also added PHPIND, a strong competitor, for which Tencent still paid 50 million US dollars before finally buying DISCUZ from Dai Zhikang.

Today, the situation is much better than before.

Under the impetus of Chen Qiaoshan, Kangsheng released the open source version in advance, which directly made PHPIND stillborn.

Chen Qiaoshan also used channel resources and LinkTech's technical advantages to enter the advertising network market, indirectly opening up the profit model of free users.

With the explosive growth of domestic netizens, personal stations will become a major trend of the future network, and it is foreseeable that Kangsheng's paying users will definitely grow rapidly.

All this is not clear to outsiders, but Chen Qiaoshan has long planned to stop, even if someone offers 50 million US dollars now, he will not waver in the slightest.

DISUZ has now stepped on the node of the times and laid out EB2.0 in advance.

Similarly, with Chen Qiaoshan's intervention, it will be even more regrettable to miss the opportunity to develop the mobile market, and Kangsheng's future has unlimited possibilities.

The valuation of 200 million is less than 25 million US dollars, which is not even as good as the value of UC Langma, and it is not as good as Kangsheng under the leadership of Dai Zhikang, which is obviously seriously underestimated.

Although Chen Qiaoshan was not interested in the offer, he was not ready to refuse directly, he wanted to know why Wang Gongquan fell in love with Kangsheng.

He understands the value of Discuz, but outsiders may not know it, including Dai Zhikang himself, I am afraid that he will not be able to clearly position the value of Kangsheng.

"Mr. Wang, I just bragged at the stationmaster meeting, but I didn't expect you to take it seriously. ”

"Yes, why don't I think you are talking about it?" Wang Gongquan looks like a Maitreya Buddha on the outside, and usually thinks of himself as a Confucian businessman, but if he really doesn't have any real skills, he won't be able to rise and fall in the business sea for more than ten years, and he can still get out of the whole body.

Wang Gongquan could feel that in the face of temptation, Chen Qiaoshan didn't seem to be moved.

This made his evaluation of the young man opposite him a notch, and even with it, he trusted his judgment even more.

Wang Gongquan has been doing venture capital for a short time, and he has seen all kinds of entrepreneurs, and even did not hesitate to fake in order to get financing, but Chen Qiaoshan is the first time he has seen it.

The reason why he is eyeing Kangsheng is that Wang Gongquan is also quite troublesome.

Today, he is a VC partner of IDG Capital, but this does not satisfy him, IDG is a US-funded venture capital, and Wang Gongquan wants to raise a venture fund in China.

And now, the opportunity is just around the corner.

Half a month ago, Wu Shangzhi, the founder of CDH, personally came to the door and invited Wang Gongquan to join CDH's venture capital team.

Speaking of CDH, it is definitely from a famous family, although it was born less than three years ago, but no one dares to underestimate its market influence.

CDH's predecessor was the venture capital department of China International Capital Corporation Limited, which is the investment department of CICC.

In 01, the China Securities Regulatory Commission suddenly issued a decree that securities companies were strictly prohibited from directly or indirectly participating in venture capital, and the projects that had been involved must be rectified and cleaned up within half a year.

In this situation, CICC's direct investment department is facing the situation of being spun off.

Wu Shangzhi took the management to scrape together a sum of money to buy back the equity from the state-owned shareholders and complete the restructuring, which is the new CDH Investments, which is also the first private equity fund in China to operate under a limited partnership system.

In the early days, CDH investment generally only did PE, but seeing the rapid expansion of companies such as Click Technology, Shanda, and Sky.com, CDH decided to set up a new fund to cover earlier investment opportunities with the model of VC plus PE.

After a period of investigation, Wu Shangzhi set his sights on Wang Gongquan,

He started early in industry, has rich experience in the industry, and has experience in the operation of overseas companies, and more importantly, Wang Gongquan's accurate vision, he participated in the investment of AsiaInfo in the early days, and AsiaInfo is the first high-tech enterprise listed on the NASDAQ in China, even earlier than Sina.

Wang Gongquan was moved by Wu Shangzhi's invitation, because Wu Shangzhi gave him full room to play.

As a top partner of CDH, Wang Gongquan can set up a new investment management team and raise a venture capital fund of no less than US$200 million, for which he enjoys full autonomy.

The only restriction given by Wu Shangzhi is that the fund must focus on high-growth companies such as IT.

Wang Gongquan was so smart, he could see through Wu Shangzhi's intentions at a glance.

The situation is very clear, CDH is not satisfied with the PE market, and is determined to enter the VC, the reason why I look for him may be because of his ability, but more importantly, it is the meaning of competing for the cake with IDG capital.

Wang Gongquan has been in IDG Capital for many years, and he has a large number of channel resources in his hands, even if the VC has no achievements, it can also allow the PE department to smoothly take over high-quality resources.

Wang Gongquan doesn't mind changing his next home, but he doesn't want to tear his face with his family, the market is so big, he doesn't want to look up and see him down, he doesn't want to bear the infamy of eating inside and out.

Thinking about it, Wang Gongquan finally had an idea, instead of digging the corner of the old club, it was better to choose a few high-quality projects, and the first thing he thought of was Kangsheng.

Among IDG capital, there is no one who knows the Internet best than Li Xiaojun.

This guy used to be the technical backbone of two NASDAQ-listed companies, worked in the United States for many years, and has a deep understanding of overseas Internet development.

As soon as Li Xiaojun joined IDG Capital, he set his eyes on Kangsheng at a glance, and this is why he had the last contact.

Wang Gongquan believes in his own vision of people, Li Xiaojun will never joke about the project, since Kangsheng has been selected, there must be merit in it.

In addition, Kangsheng's investors are also very weighty, and JAFCO Asia has a good reputation in the industry and has always been known for its precise vision.

3721 is a piece of fat, even IDG Capital can only pick up some leftovers, but JAFCO Asia monopolizes more than half of the income, and it is definitely not simple for Kangsheng to be targeted by them.

As a result, Wang Gongquan had a strong interest in Kangsheng.

Through IDG's information channels, he quickly found out the relevant situation of Kangsheng.

This Internet software start-up, which has only been around for half a year, was jointly established by Chen Qiaoshan and Dai Zhikang, one of whom is responsible for market operations, and the other is responsible for technology, which is a relatively stable entrepreneurial team.

As the controlling shareholder, Chen Qiaoshan turned out to be a student of finance at Peking University without any experience in the Internet industry, which is inevitably suspicious, but Kangsheng's development trajectory is impeccable.

Wang Gongquan has been paying attention to entrepreneurs in the IT industry for a long time, and his vision is so vicious.

Technology is not the most important thing in Internet entrepreneurship, but the founder's vision and decision-making ability are the most critical factors.

Kangsheng didn't even make a profit, Chen Qiaoshan dared to invest a huge amount of money in the stationmaster conference, and the key was to make him prosperous, this vision is not for everyone.

Especially after the final debate of the stationmaster conference was reported, it attracted everyone's attention.

Wang Gongquan still remembers that four years ago, IDG Capital invested a sum of money in 3721, and the next year, 3721 made a profit of 10 million yuan.

3721 ended up selling itself to Yahoo, which has to be said to be a pity.

Looking back now, Wang Gongquan also sighed a little that to start a business, the helmsman does not necessarily have to understand technology, but he must understand the market and finance, otherwise it is difficult for the enterprise to make great progress.

A start-up company that is less than a year old dares to boast that it will go public within two years, and with this ambition, Wang Gongquan has a high opinion of Chen Qiaoshan.

Kangsheng's performance is growing rapidly, and the role of the webmaster conference organizer, it is not difficult to judge that if the personal station really ushers in explosive growth in the future, Kangsheng is likely to become a leader in the domestic Internet field.

No project can be guaranteed to be 100% successful, even if it is just a possibility, it is worth investing in, and this is the investment principle of venture capital.

However, the project is a bit troublesome, Chen Qiaoshan is not only the controlling shareholder of Kangsheng, but also the president of Tsingshan Capital, which is really confusing.

Wang Gongquan knows that for entrepreneurs like Chen Qiaoshan, if they don't show the greatest sincerity, I'm afraid it will be difficult to make them move, and after thinking about it repeatedly, he feels that 200 million should be able to break through Chen Qiaoshan's psychological defense.

Now it seems that some of them are taken for granted.

However, Wang Gongquan did not give up, he decided that Kangsheng had unlimited potential, even if Chen Qiaoshan disagreed, he still wanted to continue to try.