Chapter 895: Angel Financing
From an investor's point of view, angel round financing is really an angel descending to earth, bathing the world.
But from the perspective of product developers, angel round financing is actually the most disgusting, and it can be called a demon that eats people and does not spit out bones.
It only takes a few hundred tens of millions to get a few tens of percent of the shares, but these tens of millions are the numbers that most start-ups can only get by asking their grandfathers to sue their grandmothers.
However, after going through the initial financing stage, I saw that the market value of the product continued to skyrocket, 100 million, 1 billion, and even 10 billion. Looking back, the start-ups were all sad when they used dozens of percentage points in exchange for tens of millions of financing.
In the past, Hang Yu reluctantly avoided such a stage, and now Zhao Yu also wants to be a toddler in Handan. But it's a pity that Hang Yu is not a moral gentleman, and he will not give up the other party because he understands the other party's feelings.
"Why, isn't a few hundred million enough? I can increase some investment if you need it. Hang Yu said.
"Too much, too much. Zhao Yu waved his hand again and again, and raised hundreds of millions of dollars in the early stage, and the software of the God of Food became Hangyu's. He was sad and indignant in his heart, and said with an ugly smile on his face: "Thank you Hang Dong for your support, we don't need so much money for the time being." ”
"No thanks, after all, I also have a 10% stake, and it is my duty to help you with all my might. Hang Yu said.
Zhao Yu smiled awkwardly, not knowing how to answer Hang Yu.
It's really shameless, Zhao Yu had a good impression of Hang Yu before, because his attitude is approachable, and his appearance is easy to make people feel good. But after this time, Zhao Yu found that Hang Yu was not an ordinary shameless.
He knows why Hang Yu can be a big boss, and this kind of brazen means is not something that ordinary people can have. is obviously exploiting them, and I still look like I am good for you, which can be called a model of capitalists.
Zhao Yu had an impulse to break up with him, it was a big deal to raise funds publicly, and others were not cheap Hang Yu. However, considering the influence of Jiang Yan's company, and Hang Yu has already obtained 10% of the shares of the God of Food, if he dares to do so, it is estimated that he will be severely punished.
He had heard that there were start-ups in the software park who refused Hang Yu's financing, but Jiang Yan immediately made a similar product, using its influence and huge funds to quickly suppress the other party.
This kind of copying other people's products is undoubtedly disgusting, but in the Internet field, it is the norm. And they can't blame Hang Yu yet, because there are many similar products, and most of them have failed.
After struggling with his thoughts, Zhao Yu finally bowed his head: "Since Hang Dong is so generous, if I refuse again, it will be too polite, so I will accept 50 million financing, about 20% of the shares." ”
Of course, it is a lot for him now, but Zhao Yu is ambitious and has great expectations for the God of Food. He believes that once the God of Food becomes popular, let alone 50 million, it is not impossible to become a product with a market value of 10 billion.
But now, he can only use 20% of the shares to exchange for the "measant" investment of 50 million, and the pain can be imagined.
"Is 50 million enough? Publicity and promotion is a very money-burning thing. Hang Yu didn't spare him, because the social + comment model engaged in by the God of Food has a certain impact on Weibo, group buying over the wall and Ele.me.
Some people may be tempted to say, why not just kill the God of Food.
This is obviously impossible, if Hang Yu tries his best to suppress the other party, it is equivalent to pushing Zhao Yu to other gold owners. Besides, Hang Yu can't be 100% sure, group buying over the wall and Ele.me must be better than the God of Food.
Because of the God of Food, Hang Yu had never seen it in his previous life, but it was indeed excellent.
Maybe this software has more potential than Ele.me and group buying, so Hang Yu has to fully master it!
Without waiting for the other party to answer, Hang Yu said to himself: "If you go to other platforms to promote, the cost will be several times more than Weibo, and it will be spent in a few tens of millions." And Weibo's current promotion channels are also very tight, and it is impossible to help you promote it for free. ”
In the past, as long as Hang Yu was allowed to take a stake in the products that came out of the software park, he could get a set of free promotions after that. Because this set of free promotions, you can save a lot of money in the initial stage of the product, reduce the number of financing, and help startups keep more shares.
This is the benefit that Jiangyan Company gives to those start-ups, and at the same time, it is also telling them that it is best to meet Jiangyan's requirements. And Zhao Yu refused Jiang Yan's company's request, and now he still wants to get free promotion, which is obviously impossible.
With the addition of 20% of the shares, Hang Yu only accounts for 30%, and his minimum is 51%.
"Think about it, look at the Internet giants such as Tencent, Baidu, and Alibaba, how many shares their start-ups own. It's less than 10%, and I can let you keep 20% of the shares and build on that. Hang Yu said.
Zhao Yu hated his domineering, but Hang Yu felt that he had a good conscience.
If the financing is public, the financiers from home and abroad will gnaw him until he is only flesh and bones, and Hang Yu will leave him some bone marrow.
Where to find such a conscientious capitalist, Hang Yu felt that he was not too benevolent.
"I ...... How much do you want to invest?" Although he hated this feeling, Zhao Yu still admitted Hang Yu's words.
Indeed, among so many Internet giants in China, which one can escape the exploitation of capital?
Only Hang Yu, this guy is an outlier.
But it is almost impossible to replicate the miracle of Hangyu.
"How about 200 million, I can give you a full set of free promotions until the god of food is on fire. Hang Yu said.
"Two hundred million!" Zhao Yu's eyes widened.
According to the current market value of the God of Food, 200 million can buy 80% of the shares, and he only has 10% left.
"The price is negotiable, if you don't want to, we can lower it a little. Hang Yu said, as the saying goes, the sky is full of prices, and he doesn't expect the other party to agree.
"200 million is indeed too much, and I can barely accept 100 million. Zhao Yu said.
He didn't believe what Hang Yu said just now, if he raised too much money now, when he refinanced again, there would not be many shares to dilute. Zhao Yu felt that Hang Yu was tricking himself, maybe this guy wanted to buy the God of Food completely.
"Okay, then 100 million. Hang Yu said.
"......" Zhao Yu obviously didn't expect Hang Yu to agree like this, and then he reacted that this was a sky-high asking price.
Zhao Yu suddenly regretted it, he knew that he should bite a little tighter, he was too nervous just now.
Hang Yu saw that the other party looked dumbfounded, and thought to himself that this guy was still too tender, and he was scared so easily. In business negotiations, momentum is very important, and if you don't have confidence from start to finish, it's easy to be pinched by your opponent.