Chapter 209: The Swarming Venture Capital

The popularity of "Plants vs. Zombies" is a fun game in the eyes of the majority of netizens, but in the eyes of the majority of investment institutions, they have seen two rising companies - the school intranet and the glorious game.

When SoftBank made a move, other investment institutions were already paying attention, but it was Glorious Games, although it had also launched several classic games before, but the company's information was less known to outsiders, so there was not much attention from venture capital, and this time it was different, and its reputation had spread abroad. Unlike domestic users, who pay more attention to the game itself, foreign users also pay great attention to the company that develops the game while caring about the game itself, so this time Guanghui Games has also fallen into the eyes of venture capital.

After receiving further contact from IDG, Sequoia Capital and SoftBank, Jiang Hui plans to meet with the first two companies.

And just when Jiang Hui set the interview time between IDG and Sequoia Capital, there was also a heated discussion within these venture capital firms.

……

IDG Celestial Empire Branch.

"How's the school intranet survey?"

"Mr. Song, the materials are all in this folder, I have printed them out, and they can be distributed to everyone attending the meeting at any time."

"Well, do you have any special opinion from the investment department regarding the valuation of the intranet?"

"The actuarial center currently estimates a valuation of 600 million to 800 million, but considering the close relationship between the intranet and the glorious game, the investment department feels that it is necessary to consider the situation of several affiliated companies as a whole to calculate the valuation of the intranet."

"If you do both plans, we will have the first negotiation with the school intranet the day after tomorrow, and try to have a result before the negotiation."

"Okay, we'll reconfirm with the actuarial center."

……

Sequoia Capital Celestial Empire Branch.

"I'm going to meet the founder of the school intranet tomorrow, why do you still have so many uncertain content in your profile?".

"Mr. Zheng, the founder of the school intranet has many companies, in addition to the school intranet, other corporate equity information and other content have basically not been announced to the public, except for Jiang Hui himself, it is estimated that not too many people know the relationship between the companies."

"Didn't you go to the industrial and commercial bureau to check the corresponding registration information?".

"There are inquiries, the equity information of each company during the establishment period is still relatively clear, but these companies have changed their equity in the first two months, and many shares have been transferred to some offshore companies, so it is difficult for us to judge. However, we tend to think that Jiang Hui has the sole or majority stake in all these offshore companies."

"If you are not careful, there are so many competitive companies in the Internet industry such as Intranet, Guanghui Games, Guanghui Pay, Meituan, Douban, Tudou, etc. Although we are giving priority to investing in the intranet and glorious games this time, but other companies should also do a good job of investigation as soon as possible, you can consider investing, after all, investing in start-up companies mainly depends on the level of the founder, as far as the current situation is concerned, these companies are created and developed under the leadership of Jiang Hui, and it can be regarded as very powerful to achieve the current level in less than half a year."

Indeed, in a few years, Jiang Hui's Internet companies are estimated to be flooded with the Internet world of the Celestial Empire. And they also have a characteristic, that is, many companies are original, unlike some companies that are created in imitation of Silicon Valley companies."

"Well, in the future, you should focus on the changes and development of Jiang Hui's enterprises, and if you find new potential enterprises, you should take action in time. The sooner you invest, the greater the risk, but the greater the benefit."

……

SoftBank Celestial Empire Branch.

"Mr. Xiong, we understand that IDG and Sequoia Capital are also in contact with the intranet."

"It seems that everyone is moving."

"Recently, the 'streamers are coming' of the school's intranet and Guanghui Games, as well as "Plants vs. Zombies", have caused a lot of heated discussions, and it is no wonder that so many investment institutions are eyeing them."

"Did we come out with a new valuation after the last talk?".

"There has been a trial calculation, the initial valuation of the intranet is eight to one billion, and the Glorious Games is relatively difficult to value now, it is very profitable, but it does not have too many assets or personnel, and the sustainability of the profits remains to be seen."

"Let's get the school intranet first, and then talk about the rest, why is there such a big difference in valuation between the two times?".

"It is mainly affected by two factors, on the one hand, the two products launched by the school intranet have achieved great influence, and the number of registered users has also risen rapidly, and it has a certain influence in the world; on the other hand, considering that the founder Jiang Hui currently has many affiliated companies, the school intranet is not a solo model. All of these factors have had an impact on our valuations."

"Recently, the company has focused more on Jiang Hui's affiliated companies, and I have a hunch that the Internet of the Celestial Empire will change because of the rise of Jiang Hui's affiliated enterprises."

"Okay, we'll keep an eye on it, and I'll keep you back as soon as there's anything new."

……

A venture capital institution.

"I heard that several companies such as SoftBank and Sequoia Capital have been negotiating financing with the intranet recently?"

"There are rumors about it, but it should only be in the initial contact stage."

"What did our company think about, and why didn't there be any movement?"

"We have also analyzed this company, and the investment department believes that the valuation of several venture capitalists is too high and the risk is too great, so it is not recommended to invest."

"Why don't SoftBank people think it's risky? Is there any information that we don't know, so there is a big deviation in understanding?"

"I will ask the staff of the marketing department to collect relevant information and let the investment department make a new evaluation."

"As soon as possible, wait any longer for the meat to be swallowed."

……

Inside the school intranet.

"Mr. Jiang, I got the news from my friend that the initial valuation given to us by the venture capital industry has gone to eight to one billion," Tang said.

"It seems that the launch of 'The Anchor is Coming' and 'Plants vs. Zombies' still has a lot of effects. However, this valuation is a bit lower than I expected. Old Tang, Internet companies are full of imagination, and the current intranet is still in a state of poised to go, and it is still far from its peak. Maybe today you think the valuation of one billion is very high, but in a few years you will find that your own shares may be worth one billion," Jiang Hui said with a smile.

"Hehe, then I'll have to keep a tight eye on my shares and wait for the moment to become a billionaire," Tang said.

"Don't worry, as long as the shareholders of the school intranet work hard, I guarantee that you will all be billionaires," Jiang Hui said.

……

(End of chapter)