Chapter 22 Series B Financing

Chen Fan didn't realize that his secretary was thinking nonsense, he looked up and said to Zhang Caiyun: "You asked Director Wang to help me recruit a driver for the past two days." Pen & Fun & Pavilion www.biquge.info"

Zhang Caiyun was a little flustered by Chen Fan's gaze, for fear that Chen Fan would see that something was wrong, so when she hurriedly got up, she subconsciously bent over and tidied up the skirt behind her, but she didn't notice that the scenery in front of her was looked at by Chen Fan.

Zhang Caiyun was recommended because Chen Fan jokingly joked that "the two beauties meet and take the big breasts", and the front is naturally very material. She bent down suddenly, and although Chen Fan didn't have any other thoughts, he couldn't help but glance at her chest.

Zhang Caiyun also had a ghost in her heart, and hid out of the door with a red face. While secretly resenting that she had been eaten by a high school teenager, she was also secretly glad that Chen Fan had blushed before she found out......

Director Wang's name is Wang Dexin, and he is the office director of Deepin Company.

Chen Fanzhao driver naturally wants to buy a car, and the family's new house is far away, so he naturally needs a car to travel.

Although Chen Fan's family also plans to buy a car, it is impossible for the family's car to be used by himself at any time, and Chen Fan is only sixteen years old and does not even have a driver's license, so it is naturally convenient to use the company's car and hire another driver.

The car that Deepin Company matched Liu Wenhuan with was a Mercedes-Benz S320 with a price of more than 3 million. Chen Fan was reluctant to equip himself with such an expensive car, but he couldn't look down on the low-end models at the Santana price, so he finally bought a Volvo V40.

The V40 is a 95 Volvo model, and the style is very novel, which is relatively close to the aesthetics of more than ten years later.

Although the V40 is not suitable for business vehicles, Chen Fan plans to use it to pick up and drop off himself. 98 good business cars are very expensive, you can save a little, deep company has a few good cars, you can borrow it if you need it.

Money needs to be used wisely, and the umbrella computer company has just recently opened up a new business, and the computer assembly workshop needs to be expanded. In addition, the U disk patent has also completed the application and entered the confidentiality stage.

The umbrella computer to the U disk technology is the Paris Convention, in the world's major countries have submitted applications, for which a small amount of money has been paid, need to invest in the eighteen-month confidentiality period to develop products as soon as possible; In addition, the computer assembly business is too slow to expand on its own profits, and it also needs capital investment.

Umbrella increased its stake in Umbrella Computer from 50% to 75% for this additional 50 million yuan.

Umbrella computers also began to apply for brands for assembled computers, began to invest in technology research and development, and transformed into brand computers.

Deepin's Federal Software has also begun to transform into a software and hardware chain store. Although the computer store in 98 is not a new thing, there is no industry monopoly in China, and each computer city is basically a platform to make profits in the form of store rental and transfer. After 98 years, the computer sales market has been expanding, and there is still a lot of room for expansion in federal software.

Umbrella Computer solved the funding problem, supplying federal software to minimize its own profits, and while supporting the expansion of federal software, it also made the deep financial statements look better - it looks like a profit of more than $1 million in '98 is not a problem at all.

Venture capitalists have a very keen sense of smell, and as soon as the deep November financial statements came out in early December, the venture capitalists proposed: in order to prepare for the listing, they asked for a second round of financing.

At this time, the $50 million in the first round of deep financing has not yet been used up.

In order to achieve profitability, the company has only invested a large amount of money in hardware equipment, network bandwidth, and fixed assets, and the pure expenses are very stingy in addition to personnel wages and benefits, and the advertising expenditure has only invested less than 1 million yuan so far, mainly used in 98 years to ask for low prices in network advertising and computer magazine advertorial promotion.

However, the Guardian Internet café management system, hao123 website navigation, and the free one-click optimization tool for Windows system launched by Federal Software -- a product developed by the system research team of Guardian Corporation -- have all made efforts at the same time, and by the end of November, the number of daily visitors to the deep network has reached 800,000.

In 98, the number of netizens in the country has just exceeded 1 million, although it does not cover 800,000 Internet users, but the traffic of 800,000 people has made Deepnet a well-known mainstream portal in the country.

The underlying support system of the deep network is more advanced, with 24-hour instant updates, simple and elegant pages, only a small number of advertisements, hardware equipment and network bandwidth are stronger than other competitors, the browsing experience is outstanding, and the word of mouth has gradually spread.

Although Depth has only raised funds once, from the perspective of financing quotation and development stage, Depth can be regarded as directly carrying out Series B financing.

At this time, the venture capital counted the first round of financing of Depth as a round of financing, ignoring the financial status quo that Depth does not need a second round of financing to survive to a direct listing, and asked Depth to carry out a second round of financing, accelerate the speed of burning money next year, and increase the listing valuation.

If Chen Fan regarded Deepin Company as his main business, he would never agree to let venture capitalists take a bite again.

It's a pity that Chen Fan doesn't pay much attention to the control of the deep network, in his opinion, the portal is just a tool used to make money, and in his mind, 8818, WES and even umbrella computer companies are much more important than the portal. As long as the price offered by the venture capitalist is high, he doesn't mind diluting the deep stake again.

……

The two parties hit it off, and Deepin Company conducted a Series B financing in December 98 - the previous financing was tacitly counted as a Series A by the two parties.

Although it promised to raise funds again, it is unlikely that only three venture capitalists participated in this financing.

At this time, the investment of American capital in Chinese Internet companies is becoming more and more hot, and this time not only Goldman Sachs also participated, but also sent Liu, Zhang, and Dai to the United States to conduct a roadshow for half a month on behalf of the company's products, technology, and market classics -- expanding the venture capital portfolio and paving the way for Shenshen's listing in the United States and expanding its popularity.

In the end, as many as 12 venture capitalists participated in the deep B round of financing, and the amount they asked for was much more than the needs of the deep company - up to $180 million.

And their valuation of Deep Company has also increased to $800 million -- Yahoo was valued at about $900 million when it first went public in '96 -- and by August '98, Yahoo's market value had risen to $9.1 billion.

Chen Fan could only sigh at this: It's crazy!

Venture capitalists were able to offer a valuation of $800 million also because it looked like Deep was only one step away from going public, and the hurdles were largely cleared. Invest money at this time, and after a few months, even if it only doubles, you will make more money.

In fact, in Chen Fan's opinion, as long as it can be listed before China.com, there seems to be no obstacle in China.

The combination of deepnet + guardian platform + federated software also seems to be very effective, making money and doing the propaganda at the same time, which is more tempting for both venture capital and investors in the secondary market.

Moreover, Chen Fan has also prepared some follow-up measures to push up the stock price after listing, but who can escape the top when the tide rises in the future depends on their ability......