0093 The Reckless Era of Capital Favoring Heroes (Part II)
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I don't know if it's because readers have seen too many examples of the rich second generation of Ya Nei entrepreneurship, and they always feel that they can self-fund to survive the problems of the early Internet. In fact, to answer this question is very simple, the author just asks a question:
Are there any Internet companies that have been listed in the early stage or even now that can support their listing and financing without relying on venture capital?
Apple? Google? Amazon? Or Tencent, our local Internet company in China? Alibaba? Baidu!
In reality, Baidu only started to make a profit two or three years after its establishment, QQ took four or five years, Alibaba took four or five years, and Ctrip took two or three years...... During this period, the burn of these websites was measured in tens of millions of dollars.
Not to mention capital operations such as acquisitions, according to the exhibition degree of the company's **Sisong, it will cost millions of yuan a month to invest in the server, who can afford to hurt it?
It is worth mentioning that the background of the book is 98 years, the entire Internet industry fell into the crazy hype of the concept of ".com", the treatment of employees is extremely high, and the expenditure of labor remuneration is unimaginable. The question arises: Where did Sisong get the money? To borrow? Borrow from whom? Even if you lend out the money of Song Hua's father and the father of the shareholder of Chenxing Internet Cafe, and borrow you an interest-free loan of 100 million, you won't be able to last for a year!
What's next? Relying on 100 million to support the online game of Bloody Legend?
This is indeed a "cash cream". But relying on this to support the three technical cores of the network is a joke. First, it's only 98 years now, and there are still two or three years before the birth of "Legend 2"; Second, Chen Tianqiao's success and fame at the beginning relied on his strong marketing ability to achieve success, and what did he rely on to promote the market? Or money! So not relying on venture capital? By whom?
This is just a miracle about a "** silk" who uses limited knowledge and relies on the foresight to start from scratch in the "last entrepreneurial opportunity of ordinary people"!
The third update! Ask for support!
……
"This is a reckless era when capital favors heroes! So here I am! In the face of Song Chen's inquiry, Cai Chongxin, who has senior legal and economic skills, smiled very confidently, "I heard that your company's Alibaba department has attracted the favor of many investors, but they have all been rejected by Mr. Song, can I know why?" ”
Since he had the intention to solicit the other party, Song Chen also changed his low-key and humble tone, and said confidently: "Don't tell lies in front of real people, I think that my Alibaba department is far higher than the price evaluated by venture capital before!" ”
Cai Chongxin raised his eyebrows and asked with an interested smile: "So, how much does Mr. Song think the Alibaba department is worth?" ”
Zhai Yan, who was sitting on the side as a guest, knew Song Chen's thoughts somewhat, and listened to Cai and Song with a smile on her face, but Jiang Yan didn't know Song Chen's bottom line, so her beautiful eyes stared at Song Chen without blinking.
"I think the Alibaba website is worth more than $100 million now, I wonder if Mr. Cai will think I'm talking in a dream?" Song Chen smiled.
Although Cai Chongxin's eyes were shocked, he smiled quietly on his face and said: "As the founder, it is a matter of course that Alibaba is valued by Mr. Song!" But I have to think that in terms of current performance, although Alibaba's growth is gratifying, it has not yet reached the height of supporting a value of 100 million US dollars. You know, it's only been a month since Alibaba was launched! I don't think any venture capital can accept such conditions! ”
"So!" Song Chen leaned against the sand and said with a smile, "I refused!" ”
If Song Chen was holding the purpose of accepting the capital injection at a sky-high price, Cai Chongxin shook his head but was not discouraged, but only persuaded and said: "I know that your company is short of funds, and what the Alibaba department needs most is a huge amount of capital to support business expansion, I think Mr. Song needs to solve this problem with a more long-term and pragmatic attitude!" ”
"So, what kind of conditions did your company bring?" Song Chen asked curiously.
Cai Chongxin said confidently: "If Mr. Song agrees, our company is willing to take the lead in negotiating with the Hong Kong Wanda Fund to jointly invest 10 million US dollars to account for 4o% of the equity of Alibaba's new company!" ”
Seeing that Song Chen was about to shake his head and refuse, Cai Chongxin considered his words and said: "Mr. Song, I know that most Chinese attach great importance to the equity of enterprises, especially the controlling stake!" However, in the current economic environment, your company needs a broad international vision, sufficient capital and abundant resources, and these are the help that international capital can provide to your company! ”
"I have no doubt that the management will indeed provide the help you say in order to maximize their interests!" Song Chen smiled slightly, and Jiang Yan, who didn't care about his intentions, frequently glanced at himself and refused again, "But in the current situation that the company still has more abundant funds, I hope that employees can bury their heads in making their own products, and I ...... Will wait for a better opportunity! ”
Seeing that Song Chen rejected his kindness again, Cai Chongxin could only shake his head and sigh: "That's really a pity!" ”
"That's true! However, I'm more interested in you than your company's investment! Under the other party's extremely shocked gaze, Song Chen said with a smile: "I wonder if Mr. Cai is interested in serving as a financial officer in an e-commerce company with a market value of tens of billions of dollars in the future?" ”
Not only was Cai Chongxin shocked, but Jiang Yan was even more ashamed of his words in his heart.
Zhai Yan smiled and said angrily: "You are quite confident!" Song Chen smiled and said nothing.
Cai Chongxin quickly calmed down, and said teasingly: "Although I don't know why Mr. Song recruited me without knowing my personal background, I am willing to understand your eagerness to seek talent...... So, how much salary can Mr. Song give me a month? ”
"Like Manager Zhai and Manager Jiang, there are only one or two thousand per month!" Song Chen was very calm.
Cai Chongxin clasped his hands on his knees and said with a smile: "Forgive me for taking the liberty of thinking that Mr. Song thinks how much salary I have every year in Yinruida, the largest industrial holding group in Northern Europe?" ”
"Hundreds of thousands of dollars, I'm not surprised if you say millions of dollars!"
Cai Chongxin was puzzled: "Then why does Mr. Song think that I will give up such a good job and join Chenxing Company, which is still just a grass-roots creation?" Just tens of billions of dollars of Alibaba that you say you have no basis for? ”
Song Chen pondered for a moment, then smiled and said, "If you want to say anything...... That is the future of e-commerce, the future of Alibaba, and the future of Chenxing! ”
The three futures not only surprised Cai, Jiang, and Zhai, but also made them show a thoughtful expression. Song Chen's words are very straightforward, if it weren't for Alibaba's unlimited future, would Wanda's venture capital still spend a huge amount of money to ask for investment?
Cai Chongxin was silent for a moment, and said very cautiously: "Can I visit your company?" ”
"Of course! Welcome! Song Chen was very excited, knowing that Cai Chongxin was already moved.
It turns out that my brother's eloquence is also so good?
Two days after the inspection of Chenxing Company, Tsai Chongxin returned to Hong Kong and resolutely chose to resign after reporting to the headquarters of Yinruida Group. After that, Tsai Chongxin returned to Dongou City with his wife on February 13 and joined Chenxing the next day to assist Zhai Yan in preparing for the establishment of Alibaba, a wholly-owned company. He will serve as the netBSP of Alibaba's wholly-owned company in the coming days; Joe Tsai's job hop is just a small piece of news in Hong Kong, but in the venture capital world, it is like throwing a big stone, causing ripples. Tsai Chongxin, who has a senior financial and legal background, jumped to Chenxing Company, which made more international capital pay attention to Chenxing Company and its two major business products, which are growing with the naked eye every day.
At the same time, Tsai Chongxin's joining Chenxing Company was also noticed by Masayoshi Son, president of Japan's SoftBank Group. On that day, he only said one sentence to his assistant: "I want all the information of Song Chen and Chenxing Company!" ”
"Hey!"
Previously, Robin Li, who had already received an invitation from Chenxing Company, was thinking about writing "Silicon Valley Business War" at this time, so he had to decline Chenxing's invitation. However, after Robin Li learned that Chenxing Company was interested in the patent in his hand, he faxed a written free license agreement.
Why is Robin Li so kind? Song Chen was quite happy to be knocked unconscious by a pie in the sky, and at the same time he had to make a smug calculation.
"When exactly was Google founded this year? What are the names of the two founders? Larry Page and Sergey Brin? Perhaps Zhu Tiejun, who is also an alumnus, has heard their names......"
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