"Angel round, 20 million, 49%, if you can, please sign on this, it will arrive soon after signing." The students' impassioned speeches could not warm Pei Qianlong's blood a little.

"49% is too much, and we will give up to 30% of the financing."

The first investment is the hardest, it is impossible not to bleed, but how much to give is also a question.

The investment and financing of entrepreneurial projects can be simply divided into seeds, angels, A, B, C, and D rounds according to different time nodes of the project, and the order of traditional investment and financing can also jump out of the traditional investment and financing in actual operation, of course, depending on the different operation stages and investment value of the project.

The seeds are simple, that is, there is nothing, a flicker, and if you can flicker, you will give money.

The angel round is a prototype of the project, with the first step of the business model, but also accumulated some user resources, the investment amount is generally 1 million - 10 million, the project valuation is about 50 million yuan.

There is also ABCDEFG ...... in the back, as long as someone votes, it is not a dream to vote in the Z round.

Angel investors generally do not hold more than 30% of the shares.

At present, there is no formula to calculate the company's valuation for seed and angel round financing. This is the true "estimate". Because your product has not yet been launched, or there are no users, or the user value has not yet been reflected.

In short, in the seed round and angel round, even the founders themselves do not know how valuable the whole project is, and the investors do not understand the value of the project.

Davide also doesn't know how much his project will be worth in the future.

But he is confident and feels that it is absolutely impossible for 20 million to take away 49% of his shares, isn't this a joke, you are an old demon from Montenegro.

However, even if he is confident, he faces a practical problem: the strong demand for capital in the initial stage, the company's valuation is limited in the early stage of development, and they will bear a larger equity dilution in Series A, B, C, and D......

It's inevitable.

In fact, any entrepreneur goes through this stage.

Just lie down, don't struggle, just make a show, if you are struggling too hard, other investors may pat their butts and leave.

At the end of the day, there's still nothing.

If you feel that you are losing, why don't you consider the risk for other investors?

"49% is too much, and we will give up to 30% of the financing."

Davide repeated it again, and his friends held their breath, adding a bit of solemnity to the scene.

However, Pei Qianlong just pursed his lips and sat there quietly.

He didn't speak, just looked at the students calmly.

Obviously, everyone seems to be the same age, but several students have a sense of embarrassment when they saw their teachers and parents when they were young.

"If you take 49% all at once, no one will be willing to raise money in the future." Davide quickly found another reason, he couldn't let the investors walk away, but he couldn't be too humble.

"Thirty million, 45%, that's my bottom line." Pei Qianlong finally spoke.

The voice is slow, but it has undeniable magic.

Frankly speaking, if you play psychological tactics, a hundred Lin Dong will not add up to Pei Qianlong.

Of course, Lin Dong has money, he only needs to play money tactics.

"40 percent, 40 percent at most, we've made concessions, this project will definitely succeed in the future, we're different from those grass deck teams." In the end, Davide couldn't refuse to give the money under his nose.

If there is no more money, they will go bankrupt.

In this case, it is useless to have good prospects for the project.

It's rare to meet such a generous local tyrant, if you don't catch it, will you wait for those so-called investment predators who have millions or even hundreds of thousands to occupy more than ten or twenty yuan.

In fact, few people in the angel wheel scatter 30 million in one handful.

Ten million is the most.

Those investment companies that operate normally in the industry generally invest in hundreds of projects in the seed round or angel round every year, each of which only invests a few million yuan.

Of these hundreds, ten can enter Series A financing. They can burn incense and make vows.

"Twenty million, 40%." Pei Qianlong couldn't make a strong concession, he accepted a 40% share, but the funds were slashed.

Several students looked at each other.

Finally, Davide stood up and confessed, and took a few of his partners to the bedroom to discuss.

They quickly finished discussing, after all, Davide accounted for the majority of the project, and the other four partners only cooperated, accounting for a very small proportion.

"Fifty million, 45% share."

Obviously, it is still the charm of money, they want to do too much and need too much money.

20 million is too little.

Not necessarily enough for them to burn until the end of the year.

If it can't burn, the project will be completely finished, and there is no point in keeping the 45% share.

So, they originally talked about 40% of the share, and now they are taking out an extra 5% in exchange for more money.

Money is really easy to get hot-headed.

After all, if the other party can pay 50 million to buy their 45% share, what does this mean?

This shows that their project is valued at more than 100 million!

It's just an angel round investment.

No matter how confident Davide and his friends are, at least at this stage, more than 100 million is enough to shock their young hearts.

Davide's family conditions are good, but he has never been exposed to so much money when he is so old.

Pei Qianlong was silent for a moment as usual, which made Davide and several people feel uncomfortable, thinking that he was going to refuse.

Then he nodded slowly: "Deal".

Re-contract, talk about the details, and talk about what you think about the project.

Only then did Davide realize that the person in front of him was not a temporary idea, nor was he a master who could be fooled casually.

He's shrewd.

As for Dalong Technology, they have never found out anything famous.

And Pei Qianlong was very secretive about his identity, which made them feel like they were on a thief ship.

However, Dalong Technology has everything, and they can also find it by calling the Industrial Injury Bureau, and they can't do anything about it.

Pei Qianlong didn't even give his mobile phone number.

Just left a landline.

Say you can make this call during working hours if you have something.

The second target is a girl named Hu Wei, and Worship Technology Co., Ltd., which she founded only in January this year.

Unlike Davide, who was born in the second generation and studied at Peking University, Hu Wei graduated from a three-college school, and then worked as an automobile reporter for ten years, with a monthly salary of only 3,000 yuan at the beginning, except for rent and daily expenses.

The year before last, she went to the United States to participate in the Consumer Electronics Exhibition, saw the hope of high-tech cars, and wanted to persuade the boss to open a new column of "Automotive and Technology", but was questioned "Where does the advertising revenue come from".

In a fit of rage, Hu Wei decided to go it alone and founded a new media company for automotive technology in 2014.

This year, she has been immersed in the travel industry for ten years, and she also saw the bright future of shared bicycles, and founded Worship Technology in January.