During the game, Lei Ming asked the consulting company to summarize some domestic Internet companies that are looking for financing.

A few years later, the well-known unicorn companies are still small or have not been founded at all, and Lei Ming will naturally not miss the opportunity to invest.

Except for a very small number of profitable companies, most Internet companies are either burning money or looking for money to burn.

The consulting firm quickly gave Lei Ming a list of Internet companies that were looking for financing, Jingxi, Dangdang, and Excellence Amazon......

After Lei Ming saw that Jingxi was looking for financing, he immediately asked a consulting company to do a detailed investigation.

In 2007, the sales volume of Jingxi Mall was more than 300 million, and the first round of financing was 10 million US dollars, and then the large and small household appliances categories were added, and the whole line of 3C products was built, and at the same time it was decided to build its own logistics. By 2008, the sales of Jingxi Mall in the first ten months exceeded 1 billion, but self-built logistics was a lot of money, and the $10 million they raised was also burned.

After entering the second half of the year, Jingxi, which still needs to burn money, began to seek a second round of financing, but Liu Qiangxi did not expect that the financial crisis in the United States would become more and more serious, and the capital market would also enter a cold winter.

Although Lei Ming only played A-shares before his rebirth, he would read a lot of financial news every day, and knew that the market value of Jingxi, which was listed in the United States, once reached 50 or 60 billion US dollars.

After reading the Jingxi information just sent, Lei Ming couldn't wait to take out his mobile phone and dial Liu Qiangxi's number provided by the consulting company.

"Toot"

The phone rang, and it was connected, and a somewhat hoarse voice came: "Hello, I'm Liu Qiangxi." ”

Just listening to the voice, Lei Ming also knows how many people Liu Qiangxi has lobbied recently, and it can't be said that there are already companies that are close to success. He remembered that Liu Qiangxi was very difficult to raise for a while, and even had a handful of gray hair, but he didn't remember when Jingxi completed the financing, so he didn't dare to waste time.

However, Lei Ming still pretended to be calm and said: "I am Lei Ming, the president of Micro Technology." We heard that BWI is looking for financing, and we are interested in investing. If it is convenient for Mr. Liu, we can make an appointment to talk. ”

Micro-tech?

Liu Qiangxi has been running investment companies recently, but he has not heard of microtechnology, but he still said immediately: "Okay, we are in the second round of financing, and we can bring information to your company at any time." ”

During this time, Liu Qiangxi's mouth was about to wear out in order to raise money, and he ran dozens of investment companies, and the valuation of Jingxi fell from $150 million to $120 million, $100 million, and $80 million. It wasn't until $60 million that a fund was willing to invest, but the agreement was not signed, and on September 15, Lehman Brothers, the fourth largest investment bank in the United States, declared bankruptcy, and all investment institutions shuddered. The fund that had already been negotiated also shrunk its investment, wanting to cut the valuation of Jingxi by half again.

At this time, the whole market is almost like this.

By October 8, 2008, the Shanghai Composite Index fell nearly 70% from its 07 high, and the U.S. stock market also fell by almost 40%, and even worse was the collapse of a large number of subprime mortgage companies and banks in the United States, with giants like Citibank falling by more than 70%, and Citigroup fell as high as 98% in 2009.

Three of the five major investment banks in the United States have collapsed, and the entire capital market has lost a lot of blood, a large number of projects have been cut and sold, and very few projects can obtain financing.

In order to keep BWI alive in the second round of financing, Today Capital, which came in the first round of financing, has made several bridge loans to BWI to keep BWI afloat. After many investment institutions rejected Jingxi, today's capital also panicked, wanting Liu Qiangxi to get the money first no matter what the valuation, so as not to make the bridge loans and investments they made in vain.

However, Liu Qiangxi still rejected the only company he found during this time that was willing to invest money.

It's already the floor price, and the other party has to cut it in half.

Liu Qiangxi was reluctant to sell Jingxi's shares at such a low price, but Liu Qiangxi, who rejected the financing, was also very worried about whether Jingxi would survive the financial crisis.

Hearing that Jingxi had not yet found financing, Lei Ming's heart also put down the hanging stone, and said truthfully: "Micro Technology has just been established, and there is no office location in China, if it is convenient, you can come to my house first, or I will go to your company." ”

Don't have an office yet?

Not a liar!

Liu Qiangxi immediately raised his vigilance, but he still didn't want to give up this opportunity, and said, "I'll go and visit you!

Lei Ming was also afraid of biting the gold halfway, and said with a smile: "You can do it at any time today." ”

"Then can I visit you in half an hour?"

"Okay, await. ”

Lei Ming told Liu Qiangxi the address of the courtyard.

Yang Xixi saw Lei Ming hang up the phone and asked, "Do you have something to talk about today?"

Lei Ming smiled: "Well, a very promising project." If you're okay, you can witness it together. ”

"Okay!"

……

In less than half an hour, Liu Qiangxi and his assistant came in under the leadership of the housekeeper.

Lei Ming got up and looked at Liu Qiangxi, Liu Qiangxi in 2008 was 34 years old, a little younger than when he was famous all over the world later, but now he looks a little haggard, and the handful of white hair in front of his forehead is also very conspicuous.

Liu Qiangxi inquired about the owner here on the way here, and learned that it was the residence of the Lei family, a very prestigious Chinese American, and no longer suspected that Lei Ming was a liar, and hoped that this financing could be negotiated.

Lei Ming didn't wait for the housekeeper to introduce him, and stepped forward to Liu Qiangxi and said enthusiastically: "We should have visited, but please ask Mr. Liu Haihan for the rudeness." ”

Liu Qiangxi was very surprised to see that Lei Ming was only in his twenties, but he didn't show it, shook hands with Lei Ming with a smile, and said, "Don't dare, Lei always has an honor to take a fancy to our company." ”

"We won't be polite, this is Yang Xixi, vice president of Microtechnology. At the beginning of the company, in addition to the legal department and finance department transferred by the group, there are only two of us who do things. ”

After introducing Yang Xixi, Lei Ming asked Liu Qiangxi and his assistant to sit down, and said, "Your company shouldn't have found a financier yet, right?"

Liu Qiangxi nodded and said: "I won't tell you, I've seen a lot of investment institutions recently, but the valuation can't be discussed." ”

Lei Ming smiled: "That's good news for us, I don't know what your company's valuation is for yourself?"

"$150 million. In 2007, our sales were 360 million, a year-on-year increase of 350%, and this year's sales are estimated to be about 1.3 billion, a year-on-year increase of more than 350%. We will also maintain our growth rate of more than 100% in the next three years. Here's our profile. ”

Liu Qiangxi took the materials that had been prepared from the assistant and handed them to Lei Ming.

Dozens of investment institutions have run down, and Liu Qiangxi is still full of confidence in Jingxi, but he also knows that he can't get a good valuation in the current market. However, Lei Ming took the initiative to come to the door, obviously interested in Jingxi, so he did not take the initiative to lower the offer.

First ask for a high price, and then go down if you can't talk about it.

Lei Ming took the information and didn't look at it, put it on the coffee table and said with a smile: "I already understand the general situation of Jingxi, the valuation of 150 million US dollars is not high, and Micro Technology can fully acquire Jingxi at a price of 200 million US dollars, and then take 20% of the shares to the management as equity incentives." ”

Hearing that Micro Technology was going to be acquired, Liu Qiangxi immediately changed his face and said without hesitation: "We are just looking for financing, and we will not accept the acquisition." ”

"Jingxi rounds of financing, in the end, you don't have much shares left, if you have less than 10% of the shares in your hands when you go public, I can make up for you. Microtech will not interfere in the management of BWI, you are the lifetime CEO of BWI, and you can do BWI according to your ideas. If you accept the acquisition, Microtech can get $500 million. ”

Lei Ming's first idea was to buy Jingxi, which more than doubled its valuation.

However, Liu Qiangxi was not impressed by the $500 million, he valued Jingxi at $150 million this year, and as long as he raised money, he believes that the valuation of Jingxi will exceed $500 million next year.

Liu Qiangxi resisted the urge to leave directly, shook his head and said: "Thank you Mr. Lei for your appreciation, but I will not give up control of the company." If Microtech only wants to acquire, I'm afraid we won't be able to reach a consensus. ”