Chapter 1: A Date for Three
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Deepin now has more than $40 million in cash, and another $40 million is too much.
But for venture funds, is $40 million worth of 5% stake enough for 12 venture capitalists?
Chen Fan is very satisfied with the current depth valuation of 800 million US dollars by the venture capital fund, saying that the depth of financing is 40 million, and the remaining investment demand umbrella can use his own share transfer to reach a deal.
Umbrella also owns 70.68% of the shares, and while these shares will be worth more after listing, Umbrella Company, as the largest shareholder after listing, has no time to reduce its stake too much before the bubble bursts.
But for Chen Fan, the time he can predict is also limited.
There's a saying: time is money.
Before Christmas in December '98, Umbrella and 12 venture capitalists reached a deal, and the umbrella company transferred 17.5% of the funds to receive $140 million, and the deep issuance of 5% of the shares received $40 million.
After this financing, only 50.65% of the deep shares held by the umbrella company remained, just over half, less than 51%.
The stake seemed more reasonable to the VC investors, and the deal was satisfactory to both parties.
……
Almost at the same time, in order to catch up with the Americans on the eve of Christmas in 98, Stone Lifang announced in the United States that it would merge with Huayuan.com to establish Sina.com.
Huayuan gave up a $15 million venture capital investment for the merger.
Sina, the newly founded company, announced that it would accept financing, and immediately received $25 million in investment from more than a dozen venture capitalists.
The news of in-depth financing was not publicized in China, and Sina immediately spread the news of financing to China out of the need for publicity.
The news of Sina.com's financing of 25 million US dollars has just been hyped, and DeepNet, which has just raised 180 million US dollars and is ready to submit a listing application, has been dug up by the media, which has suddenly covered Sina's limelight.
……
Chen Fan is also helpless about this, the listing needs the approval of both China and the United States, and in order to go public, it is impossible for domestic Internet companies to hide the shareholding structure.
The primary goal of Depth is to complete the listing work, and the listing requires a clear shareholding structure, and complex cross-shareholding will bring too many unnecessary troubles to the listing.
However, the domestic ICP license is not issued to foreign investors, and the method of registering a holding company in a place like the Cayman Islands that does not require public shareholders will not work.
Fortunately, the listing is deep, and the umbrella is a non-listed company, and the shareholding structure does not need to be disclosed.
Around Christmas in '98, Deepin Company suddenly became dazzling, and news reports related to Deepin overseas financing and preparing for overseas listing suddenly emerged.
These reports focus on the in-depth business model and financing amount, and the management of Deepin has been widely reported as the entrepreneurial hero of the new economy.
The ownership structure of the umbrella has not been made public - the umbrella itself is reluctant to be public, the press in '98 was more tightly controlled, billionaires were still scarce in '98, and the top government officials did not want to make too much of a public shock.
It is not realistic for network technology enterprise entrepreneurs to be completely hidden behind the scenes, which company that has attracted attention in the Internet era has not been turned upside down?
Chen Fan, who has not become a news figure for the time being, is already very satisfied, and he also knows that he must have appeared in the field of vision of the top government - this is also something that cannot be helped.
Taking advantage of this period of time to become the focus of the media, on December 24, Deepin officially submitted an overseas listing application to the management department.
……
On Friday, December 25, Yang Yun's sixteenth birthday, he suddenly asked him to go to the movies.
"I also asked Su Yu to go and see it......"
A woman's heart is a secret ocean.
Since Chen Fan's rebirth, he has become more and more handy with the company's affairs, but he can't understand what Yang Yun is thinking.
Su Yu didn't think much about it, just thought it was a date with a good friend - at this time, when students fell in love, many of them took the initiative to find a light bulb to cover up.
The movie was held at 5 o'clock in the afternoon, Chen Fan had already watched this movie several times, and he was almost yawning when he was bored when he watched the movie, but the two little girls were moved to watch it.
"If you don't disobey me, I can give you whatever you want, and you can do whatever you want. Give me your heart.
Win a ticket and get on this boat...... It's the best thing of my life. It allows me to meet you.
A woman's heart is a secret ocean.
you?jump,ijump.
I'm not going to give up, Jack, I'm never going to give up.
I feel that life is a gift, I don't want to waste it, you don't know what the next hand will be, learn to accept life.
We are women, and our choices are never easy.
God wiped away all their tears. There is no more death, no more sorrow and parting of life and death, no more pain, because the past is gone.
You're going to get out of danger, you're going to survive, have a lot of children, and watch them grow up. You will live in peace in your old age, resting in a warm bed, not here tonight, not dying like this.
I am the king of the world!
……”
The two girls came out of the movie theater with red eyes, and they wiped tears when they watched the movie.
The sky in Songzhou also seemed to be touched by the Titanic, it was raining lightly, and the south also entered a cold winter at the end of December, and the wet and cold weather seemed more harsh than the dry and cold in the north.
Yang Yun was wearing a purple down jacket, water-worn blue jeans, and coffee-colored boots, with a slender figure, and her pink and white face was full of youthful atmosphere. Su Yu stood beside her like a quiet little white flower.
Obviously, Yang Yunchang is better looking than Su Yu, but Chen Fan's eyes can't help but be attracted by Su Yu, and Su Yu is a little embarrassed when his eyes burn.
"Let's go back to Meiling Jiangwan, I've been looking forward to it for a long time, and now it's almost arranged, and no one is here." Yang Yun put his arm around Su Yu, looked at Chen Fan's eyes, and then poked his head and asked Su Yu, "How about we go to the house over there in Jiangwan to play?" After dinner, we can sit down on the hill and look down at the rain in the plum forest! ”
"I'm not going to be your light bulb anymore, am I?" Su Yu said with a smile, watching the girls who came out of the movie theater crying so much, Su Yu and Yang Yun also cried sadly, Yang Yun can lean on Chen Fan's shoulder, what should he do?
Seeing that Su Yu was leaving, Yang Yun put his arm around her and begged her: "You must stay with me, or let Chen Fan go first." ”
Chen Fan chuckled in his heart, thinking that he finally had a chance to get along with Su Yu, even if the three of them were together, it would be better than letting the two of them get rid of each other.
"Please, don't let Yang Yun leave me behind." Chen Fan said with a bitter face, "If you think I'm in the way anymore, I'll be left alone later." ”
Su Yu hesitated: "Jiangwan is too far away, I will worry about my family if I go back late......"
The girl's mind is sensitive, Su Yu knows that Yang Yun must be interested in Chen Fan, but it seems that Chen Fan does not understand Yang Yun's affection, and treats Yang Yun like a sister, but seems to have a little ambiguous thoughts about himself.
Su Yu regarded Yang Yun as his best friend and didn't want to be involved in the two of them.
Yang Yun pulled her and didn't let her go back: "Then next time I go to see the plum blossoms, let's go to dinner first." ”
The last three of them had dinner at the western restaurant next to the movie theater.
……
There are not many Western restaurants in 98, and Su Yu has never eaten Western food, so he is a little restrained when eating.
Chen Fan packed two loaves of bread at checkout.
After eating, the three of them walked around the botanical garden.
After strolling around for a while, the three of them came to a small pond, and Chen Fan suddenly handed Su Yu a piece of bread.
Su Yu took the bread, hesitated for a while, and gnawed silently.
She was embarrassed and a little touched in her heart: She didn't eat enough in the Western restaurant, but is it really good that you are so considerate in front of Yang Yun?
Chen Fan and Yang Yun watched Su Yu nibble on bread without saying a word, and when Su Yu finished eating one, Chen Fan silently handed her another one.
Su Yu took the bread and was a little overwhelmed - by this time she was already full.
Yang Yun snorted out laughing, holding Su Yu's arm and laughing, he couldn't straighten his waist: "Actually, he gave you bread to feed the little turtle in the pond......"
Su Yu looked down and saw that dozens of turtles under the small pond were all looking up with their heads stretched out their necks, scrambling to stare at the bread in my hand, it is estimated that they have been staring at it for a while!
Chen Fan also held back a smile and said, "If you like it, just keep eating." ”
Su Yu's face turned red all of a sudden, and Chen Fan was instantly overturned by her blushing gesture......
It's still the original taste, and it's still that cute snack!
ps. Chasing more children's shoes, are there any free appreciation tickets and starting coins~ The countdown to the 515 red envelope list is over, I'll pull a ticket, ask for an increase and appreciation vote, and finally rush it!