Chapter 155: Faith
Fu Zhengyi's answer made Yang Wenyuan stunned, and David raised his hands in a very exaggerated gesture of surrender. XsHuoTXt
Fu Zhengyi, who gave Yang Wenyuan an affirmative answer, didn't want to explain too much, and after finishing speaking, he restrained his smile and said with a straight face. "It's just that the only thing our company can't agree with is what you said before about 'company valuation'!"
As soon as he heard this, Yang Wenyuan sat up straight vigilantly, and after David was stunned, he instinctively shrank his neck, revealing a weak expression.
"According to the original estimate, before the capital injection of American cedar capital, our company's valuation of Yahu was less than 4.5 million US dollars, but unfortunately our company's action was a step slower, so that American cedar capital took the lead, but even if American cedar capital injected, but our company's valuation of Yahu did not think that it could exceed 7 million in such a short period of time, so if the valuation of Yahu was inflated, it would be quite unfair to our company, which is why I tried my best to persuade the board of directors to lower the expectations of other aspects, and I also want to use this as the basis for sincere cooperation……”
Fu Zhengyi's speech was neither fast nor slow, as he told the story, David's hands couldn't help but clench, and his head couldn't help but lower, which made Yang Wenyuan helpless to the extreme, thinking that he really shouldn't be impulsive, so he took this professional and technical person who put everything he thought on his face, which made the subsequent negotiations particularly passive.
"It's a bit too sharp to directly put forward the company's valuation, but our company hopes to be able to become a partnership with Yahu Company for one prosperity and one loss, so we will make this matter clear at the first time, that is, I don't want to lead to some disputes and contradictions that should not have occurred because of the instability of the foundation of cooperation between the two sides!"
Yang Wenyuan was very shocked by the first valuation figure quoted by Fu Zheng, because he began to seek funds at the end of last year. In fact, Yahu's valuation has been constantly adjusting and improving, which is directly related to the rapid increase in the number of visits to Yahu's website.
It's just that the valuation of more than $4 million should only be known to American Fir Capital, which injected the first venture capital. So Yang Wenyuan racked his brains and couldn't understand why the executive director of the venture capital company in front of him looked too young. Why is it that it is not much different from the number when I drew up the contract half a month ago?
Seeing that Yang Wenyuan's eyebrows were gradually locked, Fu Zhengyi, who could roughly guess the reason, relaxed more and more.
The two founders of Yahu Company, David does not have the ability to negotiate business at all, and although Yang Wenyuan is much stronger than David, he is still a doctoral student with a technical background and is only 27 years old this year.
Therefore, the conditions for the capital injection of American Fir Capital are obviously extremely harsh, which makes this entrepreneur with a technical background have an extremely bad impression of venture capital companies. Therefore, in the next ten years of development of the company, it is extremely cautious about the venture capital funds, and has not even given the opportunity for American Fir Capital to continue to increase its capital.
Seeing that Yang Wenyuan had been pondering, Fu Zhengyi, who had studied deeply about the search for the founder of Yahu in his previous life, decided to drop another bombshell. "As a venture capitalist, it's like jumping off a cliff every time, and sometimes it's like being in a Selma and Louis movie, and you can't know the ending until you land......
"What! You also feel like you're in the Selma vs. Louis movie, how can you two feel so similar?"
David, who was stunned and asked, was angry, and Yang Wenyuan wanted to go up and strangle him!
Seeing that the allusion in his memory did happen, Fu Zhengyi, who was more and more determined in his heart, decided to add another fire. "Well, the issue of company valuation can be appropriately relaxed. In the end, American Fir Capital has entered first, and I believe that the valuation of Yahu Company is still rising in this week, so our company can suffer a little loss in this regard. It's just that the company will want to be able to inject more money in exchange for more shares, what do you think?"
Without waiting for Yang Wenyuan to think about the pros and cons, David, who had already been unable to help it, was stunned. "Did your company really decide to leave the voting rights to us?"
"Yes, if we are willing to accept more capital injections, our company can even extend the time for you to exercise your voting rights, and if the profitability skills provided by our company are not enough to make you profitable this year, then we can voluntarily give up a part of our equity. As compensation for you!"
Fu Zhengyi said this sentence categorically, Yang Wenyuan raised his head in amazement and stared at him. I wondered if this young man was crazy? How could he dare to make such a condition? Could it be that other companies already have a way to make money on their websites? How could he not hear any rumors about it?
Yang Wenyuan, who was confused by many questions, was speechless, but David was already excited to jump up. His hands pressed on the coffee table between the two sides, and he leaned over half of his body and said in amazement. "You're telling the truth? You're so sure of the trick of making a profit, how did you do it? It's incredible......"
"With a total capital injection of 10 million US dollars, our company hopes to be able to obtain 60% of the shares, and the voting rights of this part of the shares, our company can grant the two of you to exercise on behalf of you within ten years!"
Yang Wenyuan, whose eyes widened, immediately exclaimed. "It can't be!"
"Do you think our company is too little capital, or do you think it's too much of a stake?"
Seeing that Fu Zhengyi was still in a relaxed state, Yang Wenyuan was really annoyed after a little calculation. "Do you think that Yahu's valuation is not even seven million?"
"How about the 10 million capital injection in exchange for only 55% of the shares?"
"No! This is my hard work with David, the valuation of Yahu Company will rise sooner or later, and we just happen to be short of money now, so we can't give up so much equity! This is absolutely impossible!"
Yang Wenyuan was furious, but Fu Zhengyi, who was sitting on the sofa, smiled more and more happily.
He knew that Yang Wenyuan's heart was now in turmoil, and what he was concerned about was no longer about allowing capital injection, but about thinking about the valuation of Yahu Company, thinking about the controlling stake of Yahu Company, and thinking about the stability of the carrier of his ideal realization.
"The injection of six million US dollars, in exchange for 45% of the shares, the voting rights owned by our company will also be unconditionally on your side after ten years to ensure that your controlling position is not shaken, how about it?"
As soon as such conditions were said, Yang Wenyuan's heart struggled.
The controlling stake will not be left behind, not only will the other party's capital injection not be realized within ten years, but the voting rights owned by this part of the equity will be granted to themselves and David to exercise, and even ten years later, the company is willing to stand on its side with David, in other words, if the company can't grow, the venture capital company will not be able to exit, and can only be in the same boat with himself and David!
What exactly is this company trying to do?
Are they really so optimistic about the future of Yahu?
Several other search-focused websites have already received funding and entered a stage of rapid development, while Yahu is still huddled in the basement, still worrying about the increasing number of visits every day!
Thinking of the above, Yang Wenyuan is really a little difficult to choose. "But...... Yahu can't afford this kind of capital injection, and Fir Capital has already taken 32% of the shares, and if you invest six million to get 45% of the shares, the shares of Sequoia Capital will be less than 20%, which is ......not allowed by the agreement between us."
Finally knowing part of the content of the agreement between Yahu Company and American Cedar Capital, Fu Zhengyi, who was determined in his heart, immediately asked. "What is the minimum shareholding requirement for Fir Capital?"
Yang Wenyuan, who knew that he was speechless, hesitated, but David, who was already moved by his heart, replied. "20%! They don't allow a second capital injection to reduce their holdings below 20%......"
"That's simple, our company's first capital injection is no more than $3 million, and next month our company injects another $3 million, so won't this rule be bypassed?"
Fu Zhengyi said it easily, but Yang Wenyuan was awakened by a word!
This clause made Yang Wenyuan entangled for a long time, he hesitated for almost half a month for this clause, and was almost ready to give up the cooperation with American Fired Capital, if it weren't for the fact that the hardware equipment of the website really couldn't be delayed any longer, how could he be so aggrieved to accept the two million US dollars injection from American Fired Capital?
The attitude of American Cedar Capital, compared with the attitude of the executive director in front of him, Yang Wenyuan was shaken.
Rather than bear the restrictions of American Fir Capital, it is better to accept the conditions of justice in front of you, no matter what, what the other party promises is to stand on the basis of growing together with Yahu Company, the ten-year lock-up period of equity, and the complete abandonment of voting rights within ten years and ten years later, which is absolutely impossible for American Fir Capital to promise!
Now that the tone has been set, sometimes Yang Wenyuan, who is very decisive, no longer goes around. "If you said before that the promised qiē can be implemented in the agreement, then Yahu Company welcomes your company to join, but on the issue of the proportion of shares, we still need to continue to negotiate, although David and I don't care too much about wealth, but we have an obsession with the future of Yahu Company, so don't test our bottom line lightly, this is what David and I ask ......"
Fu Zhengyi, who breathed a long sigh of relief, stood up and stretched out his hand.
From the moment David, Yang Wenyuan and his three hands shook each other, it meant that the cooperation between the two sides was about to enter the substantive stage...... To be continued.
p: Thank you for the monthly pass! Make a thank you for the reward! Added,Since the 1st on the shelves,It's more than 12,000 words every day.,The speed of the author's release is not slow.,But the subscription situation is terrible.、It's miserable.,That's why I had to defend the version.。 If there is no special situation, readers of Genesis/World/Chinese/Text/Network may need to read the revised chapter after nine o'clock, for the trouble caused to you, the author is very sorry, but please understand a little, thank you very much!