Chapter 249 Determine Investment
Frank was also very happy after hearing the other party's words, these days he is worried about the company's funds, because the previous investors have given up their investment in his company, and his company soon reached the point where he can't even pay his salary, Frank has found a lot of investors during this time, but these investors are either not optimistic about his company, or they simply haven't even seen the principal!
In the past two months of looking for funds, Frank has had enough of rolling eyes, because the company has been unable to pay salaries, and the team of more than 20 people is now less than 10 people left, and when Frank was about to close the company, he was approached by Xu Hongwen's people!
Before coming to the bar, Frank actually didn't have much hope, these days he seems to be used to refusal, in the spirit of a dead horse as a live horse doctor to come to the appointment, so he did not expect that the other party turned out to be a young Chinese, the two are of similar age, talking about the prospects of the industry The two are very consistent in their views on the future, which is completely different from the brain-full investors he contacted before, and after hearing the words that are optimistic about him, Frank rekindled his hope!
Even the cheerful Frank had something sad, and a little excited Frank stood up and said: "Mr. Xu, to be honest, you are the only investor who is optimistic about me these days, and I already have plans to close the company before I come to see you, really, I really thank you very much for what you just said!" β
Seeing that the other party was a little excited, Xu Hongwen comforted and said: "Frank, those investors who look down on you are blind, they have no vision, so you have to work harder and work harder to prove it to those people, and let them know what a stupid decision it was to not invest in you in the first place!" β
Frank is not a pure house science and engineering man. Otherwise, I wouldn't have thought of starting a company. It's about being a tech ape. Frank, who was even more excited after hearing Xu Hongwen's words, asked, "Mr. Xu, did you say that you want to invest in me!" β
Looking at the Frank in front of him, Xu Hongwen said: "Yes, Frank, I am personally very optimistic about you, but I still don't know what achievements your company has made now, and what specific research is being done now!" β
Frank, who quickly calmed down after hearing this, knew very well that what was in front of him was his only chance. If he can't seize this opportunity, his company will only close the door, maybe this generation βdΗngβdiΗnβ small β talk, .β.βos_ (); He can only work for others!
After adjusting his mood, Frank said: "Before opening this company, I participated in the research work of the EU S network with my mentor, which not only greatly improved the quality of calls, but also realized the wireless transmission of several jΓΉ, which means that if the hardware can support us, we can send and receive emails on our mobile phones, and even connect to the Internet!"
Although these functions can be realized in the S network in the real room, it is still very difficult to apply these functions on a small mobile phone, because the current hardware technology is not enough to support, and my company has been committed to research and development in this direction!
Now my company has obtained dozens of related technology patents. However, there is still some distance from practicality, if you can give me sufficient funds, I can come up with a mature plan within half a year! β
Xu Hongwen was also very surprised when he learned that Frank had also participated in the research of the S network. Seeing that the other party is as big as himself, he didn't expect to have participated in a big project, and the technology of the S network is open to the public in a large way, and Frank, as a participant, will definitely know a lot of core technologies, which is equivalent to opening the door for the research and development of the S mobile phone, although the core technology of S Xu Hongwen is also very clear in his heart, but if he takes it out, it will be a little scary!
Xu Hongwen is very clear that in the next ten years, the S network will be the world's most important communication network, and now there are many companies in the S mobile phone are making efforts, as a reborn Xu Hongwen how can he be left behind, although the research and development of mobile phones is not an overnight thing, but now Frank's company has been studying in this area for two years, if the acquisition or stake in Frank's company is equivalent to Xu Hongwen two more years of technology accumulation!
Although the technologies that Frank has mastered now have not reached the level of application, these technologies require accumulation and continuous investment, and for Xu Hongwen, money is not a problem, as long as he can make a breakthrough in technology, no matter how much money is spent, it is not wronged!
Xu Hongwen said with a smile: "I have learned about the S network, and to be honest, I am also very eager for the day when the S network can be applied all over the world!" βγ
After eating the last piece of steak on the plate, Xu Hongwen continued: "I have set up a mobile phone R&D studio in Xiangjiang last year, but it is completely from scratch in terms of technology, I think it would be a great thing to let you work together to develop it!" β
Of course, Frank will not object, for him now, as long as he invests in him, Frank will regard the other party as God, seeing the other party say this, of course he understands that his words have touched the other party just now, and he said in a good mood: "I think so, I believe that my team must be very happy to cooperate with peers!" β
Xu Hongwen, who saw that the other party had no resistance, was also very happy, he didn't want to see the following companies fighting, he lowered his head and thought for a while and said: "Frank, I decided to invest in you, but my investment is not venture capital, but investment in shares!" β
Of course, Frank would not object to finding funds, not to mention that he no longer had the right to choose, and after pondering for a while, he didn't want to be bothered by funds anymore and asked: "Mr. Xu, how much money are you going to invest in my company!" β
Hearing this, Xu Hongwen felt that he needed to listen to the other party's opinions, after all, if he had too many shares, it would also affect the other party's accumulation, so he asked rhetorically: "Then how much do you want me to invest!" β
Frank said after a little calculation in his heart: "If I want to complete this project, I think the minimum investment is not less than five million dollars, and the workload of this project is very large, if the funds are enough, I can recruit more people!" β
After hearing the other party's words, Xu Hongwen felt that the investment was not much, but he was still unclear about Frank's valuation of his own company, and asked: "Frank, how much do you think your company can be priced, and how to distribute the shares appropriately!" β
Frank has been looking for investment these days, and he has already known these in his heart, so he said with a wry smile without thinking about it: "My company has no assets to get its hands on except for those dozens of patents, but the previous investors have invested a total of three million dollars in the company, if you want to invest in shares, it is best to buy back the venture capital shareholding contract, I believe they will be very happy!" β
Xu Hongwen diΗndiΗn head and then asked, "What is your opinion on equity distribution!" β
After thinking about it for a long time, Frank said as if he had made a heavy decision: "I hope my team and I can keep 30% of the shares!" (To be continued.) )