For the rest of the day, in addition to Henry, there was a lawsuit to defend in court, and he left early. Pen~Fun~Pavilion www.biquge.info Dai Yuqian and two other colleagues stayed in Chen Wenhao's suite, and there were a lot of forms that needed his confirmation and signature.

At this time, the advantages of having a professional team service are reflected, in most cases, he only needs to provide documents and information, and he does not even need to take the pen himself.

For example, according to the registration procedure of an offshore company, it is necessary to provide proof of the credit status of the company's shareholders, which is generally issued by a lawyer, accountant, or bank, and two certificates issued by professionals in two different industries.

Dai Yuqian, who is registered with the English Bar, directly issued the certificate. The female colleague who was good at auditing affairs held Xiangjiang's accountant license and issued a certificate to complete this requirement on the spot.

The three members of the professional team gathered around a reception table, each with a laptop, and brick-thick documents and forms. Chen Wenhao had nothing to do except for the need to provide information and sign on the side at the beginning, so he simply sat down in the bay window with the computer. Fang Yuxin was connecting with him on the Internet and asking for his opinion on the decoration style of the office.

After a while, Dai Yuqian walked over, "Mr. Chen, according to your requirements, four offshore companies have been registered, two are located in the Cayman Islands and two are located in the Virgin Islands. The registration period is usually seven business days, but because you ask for it as soon as possible, we have gone through the expedited lane, and it can be completed in three working days. ”

Chen Wenhao looked at his watch and stood up, "Everyone has worked hard, so let's end it early today." ”

He looked at Dai Yuqian and said a little apologetically, "There is also a business dinner with Facebook in the evening, which is likely to involve legal affairs, and Miss Dai will probably have to work overtime with me." ”

"Mr. Chen is too polite, you are my biggest customer now, I must not say 'no'." Dai Yuqian answered with a smile.

"Then, Mr. Chen, let's take our leave." The other two personnel packed up their computers, held a pile of materials in their arms, and politely took their leave.

The living room, which I originally thought was a little crowded, suddenly became a lot empty after two people were missing.

"It's almost time, let's go to the feast."

"Okay, is there anything important to talk about at dinner? What do I need to prepare? ”

"Prepare some food and pad your stomach."

"Huh?"

"I don't think anyone has much to eat tonight, so don't starve yourself. By the way, it may involve a newly registered offshore company, and you will come to give me professional advice at that time. Chen Wenhao's voice turned smaller, so light that only he could hear it, "I want to be a drunkard, and I have to ask if this landscape is willing to accommodate it." ”

******

The dinner was held in a high-end hotel in Central. In the VIP private room, Tang Liyang, Kevin, and David had already arrived in advance, and the three foreigners sat on the sofa in the leisure area on the side, chatting with each other.

In normal times, Kevin and David are very willing to have a good chat with the real power figures of Facebook, and it is best to find good business opportunities, and if not, it is also very worthwhile to establish a good personal relationship with the executives of a large company like Facebook.

But today, both of them were a little careless in conversation, their eyes drifting to the door from time to time, and they made each other glances from time to time. Before coming here, the executives of the two companies had already communicated, at least for the time being, the closest to the IT upstart was the people from the two companies, and it was more appropriate to join forces than to fight. The two received the meaning from above, and they had reached a tacit understanding on the strategy of the evening meeting.

However, to their dismay, Facebook apparently has thoughts about this fragrant piece of fat meat as well. It seems that spending $5 billion without taking even a little bit of equity makes Facebook very unwilling, although the industry reviews praise Facebook for doing a good business, after all, on the first day of announcing the news of the cooperation, it earned back this expenditure from the rise in the market value of the stock.

If Facebook doesn't have an idea, it would be a little too positive. Originally, Kevin and David wanted to meet the Chinese together, but they didn't expect Facebook to take advantage of the reception and go ahead of them. Even executives like Tang Liyang, who put down a large pool of company affairs and didn't care, came over to wait with them so early.

The two exchanged glances again, and sighed in each other's hearts, it seems that if there is anything to gain tonight, it is impossible to get a share of Facebook. The wolf has more meat and less meat, and each additional participant represents a large division of interests.

From the outside world, the venture capital industry has unlimited venture capital, but only practitioners can feel the obvious changes. A few years ago, when the global economic situation was better, as long as the invested company had enough hot speculation, invested for two years, packaged it, and found a public market to push it to be listed, venture capital institutions took the money and left, making a lot of money. It can be described as the golden age of venture capital.

In recent years, the life of venture capital institutions has obviously been difficult, the global economic situation is sluggish, traditional industries are most affected by the impact, there are few good opportunities, and the Internet industry, which venture capital loves, has also begun to appear oligarchs, and it is becoming more and more difficult to find dark horses. Many of Silicon Valley's established venture capital firms have not even outpaced the growth rate of stock market indices in the last five years, and the pressure from shareholders is increasing.

So, that's why the small card translation software has taken the world by storm, even though its owner has explicitly rejected the VC funding not long ago and received enough money from Facebook to make it clear that it is not bad for money. Accel and Greylock were still in a hurry to deliver money.

Other venture capital firms are not reserved, they just didn't have Facebook to report in advance, so they didn't catch up with the trip to Hong Kong.

From the perspective of a venture capital firm, value investing is an inevitable choice when the market is at a low point. Investing in a project depends on its fundamentals, its business model, and whether it has technical barriers.

Looking at it this way, the company of Xiaoka translation software is simply a complete explosion of any project. Fundamentally, profitability is simply perfect, and an IT company that can be profitable in a week has not been seen in many years. Not to mention the market share, there are no similar products that can compete with it, and there is not even a slightly closer performance.

The business model can be described as simple and crude, but it is so brutal that it makes people feel excited. The most traditional model of selling software for a fee can actually do this. On the day after the release of the new version 2.0, the number of people who paid for the software reached 9.72 million, and at 10 yuan per month, the company's monthly net income was nearly 100 million yuan, with almost no cost. What's even more exaggerated is that this data is still growing rapidly.

Not to mention the technical barriers, I don't know how many technical experts of Internet companies have been scolded because of this, the outside world may not be clear, the industry is very clear, now even the encryption mechanism of this software is not clear, let alone crack and copy. What is this not a technical barrier? What's more, anyone with a discerning eye is looking at it, and this encryption technology is another big business.

Therefore, don't blame the venture capital company for not putting on a show, crying and shouting to hug the thighs, it is really because this Chinese company has too much room for growth and represents too considerable interests. Even if you don't consider future growth, you will be embarrassed to bid if you push it to the IPO market based on your current profitability and not give a 50 times P/E ratio.

"It seems that tonight's protagonist has arrived. Do you want to come with me to meet you? Tang Liyang put down his phone, pretended not to see the frequent eye contact between the two, and opened his mouth to invite.