Chapter 126 Investing in Baidu
Robin Li glanced at Fang Yi's business card, put it in his pocket and said, "I'm sorry, I haven't printed my business card yet, what is Mr. Fang's business card looking for me today?"
Fang Yi looked at the somewhat dirty room and said, "Can we find a place to sit down and talk?"
Robin Li looked at the other people and said, "Okay, there's a café outside, we can go there and talk."
Fang Yi and Zhou Xin walked out of the office first, and Robin Li tidied up his clothes before walking out.
In the café, after Zhou Xin ordered a cup of coffee for each of the three of them, Fang Yi said, "Mr. Li, do you know what we are here today?"
Robin Li shook his head and said, "I don't know."
Fang Yi asked, "I wonder how Mr. Li's Baidu search engine is doing?"
Robin Li did not expect that this teenager, who was obviously much younger than himself, would know about the search engine they were developing, because this search engine is a modern search engine based on his own patented "hyperchain analysis" technology. Strangely asked, "I don't know, can I ask Mr. Fang, how did you know about the search engine we were doing?"
Fang Yi said confidently, "I not only know that you are making a search engine, but I also know that your search engine is based on the patent you applied for."
Robin Li was so shocked that his mouth opened wide and said, "I can't believe that you, who are more than 10 years younger than me, know my "hyperchain analysis" technology."
Fang Yi continued: "I don't know if Mr. Li's Baidu portal has been made?"
Fang Yi's words just now shocked Robin Li even more, and he began to wonder if someone in their team of four 8 people had sold any information to the outside, and said in a somewhat angry tone, "We just launched the Baidu portal last month."
Of course, Fang Yi has already checked this website from the Internet and said, "I don't know if Mr. Li's Baidu company needs to invest now."
Robin Li looked at Fang Yi in disbelief, he didn't expect that there would be capital to take the initiative to come to the door, and it was a person who looked so young, and said in disbelief, "I don't know how much money Mr. Fang can invest?"
Fang Yi said, "How much does Mr. Li need?"
Robin Li was really shocked to drop his jaw today, this young man actually had such a big tone, and he actually asked himself how much investment he wanted, is he a rich second generation or an official second generation, now Robin Li regretted that he didn't carefully look at the business card that Fang Yi handed over just now, he didn't know what Fang Yi's real purpose was, but they were indeed short of money now, and said with some uncertainty" If there are 1.5 million, then we can focus on the promotion of the Baidu portal and complete the development of our search engine."
Fang Yi was a little surprised when he heard this, he didn't expect Robin Li to be so cautious, Fang Yi asked him to take the initiative to make a bid, he only offered 1.5 million, nodded and said, "If I invest 1.5 million, how many of your shares can I occupy?"
Robin Li thought for a while and said, "73.5%, of course, except for a small part of each of us, no one else invested capital, I got an investment of $1.2 million before returning to China, but I promised to give him 20% of the equity, if it is calculated according to that standard, without increasing the valuation, you can have 3.5% of the 1.5 million funds"
Fang Yi thought about it for a while, if he could get 3.5% of the shares at a price of 1.5 million at this time, it would be very good, nodded and said, "I don't have any opinion on this 3.5% proportion in principle, but I have 3 conditions, if Mr. Li, you promise me these 3 conditions, I can invest in you immediately" Because Fang Yi knew that Baidu was still very short of money at this time, and they would raise money again in October this year, and he would raise $10 million at that time.
Robin Li was a little unhappy when he heard that Fang Yi still needed to attach conditions when investing, but considering the current financial situation of Baidu, he suppressed his emotions and said, "Mr. Fang can talk about it"
Fang Yi said, "First, the 1.5 million I invested needs to account for 5% of the shares, and the remaining 650,000 yuan will be given to you in the name of a cooperative project; second, my 5% will not be diluted, and I will continue to add funds if necessary to maintain my shares; third, if your Baidu company still needs funds, I need to be the first person to lead the investment."
Robin Li said curiously, "I don't have any problems with your second and third items, but I don't know what kind of project Mr. Fang will give us for the first one?"
Fang Yi said, "Promotion, the purpose of your Baidu portal is not to let customers find the content page they need in the fastest way, but"