Chapter 9 Board of Directors
"How much money is needed for the first phase, and how many shares are ready to be transferred," Zhang Qi said, "I still say this, investment is investment in people, and a business without trouble is not a business."
"First of all, the Gödel system cannot be commercialized in the short term for some reasons that we have not yet understood. Although we will put the only Gödel system that we currently have in the company that is being financed this time, the part that may generate commercial benefits will not include the benefits related to the Gödel system," said Wang.
"No problem, if you package that Gödel system, I'm afraid we won't be able to afford it", Zhang Qi didn't expect that thing to be put in at first.
"Our main work in the next stage is to further improve the computing power of the Gödel system, so as to improve the current superconducting formula, or find defects in the existing theory, of course, we also need to expand the manpower, now I and the other two little brothers who make software, Wen Jing still has their own work, the efficiency of research and development is too poor." Wang Yinan said.
"The initial capital demand should be around 20 million soft sister coins. Costs for further commercialization are not included. We're expecting to sell 10% of the shares, okay? ”
Wang Yinan is a little unsure, it seems that this is his bottom line, and he is really an inexperienced negotiator.
Zhang Qi thought about it for a while.
"In this way, your post-investment valuation is 200 million soft girl coins, right?"
"Well, it should be"
"I'll give you 30 million soft sister coins, how about 15% of the shares, 20 million is obviously not enough to spend, I don't bargain with you for the valuation, just according to the post-investment valuation of 200 million, but you have to give me 15% of the shares", Zhang Qi said, "I know that you are a scholar, not to talk about business, and I don't take advantage of you, just give me a little more shares according to your price, how about it?" ”
Wang Yinan and Li Wenjing exchanged glances, "In principle, we don't have any opinions, let's give you an answer after we discuss it carefully."
"Okay, it's impossible for me to have the final say on such a large-scale investment, we have an investment committee, and the final agreement still needs to be approved by the board of directors, do you have a ready-made business plan?" asked Zhang Qi.
"No, we don't know how to write it".
"I know, in this way, I will ask a colleague to come to you next Monday, he will write for you, you just need to answer his questions, about the extent of disclosure of some technical details in the business plan, you can grasp it yourself, without involving trade secrets, the more detailed the better, the greater the chance of passing."
"I hope to have the opportunity to cooperate", Zhang Qi stood up, "I still have to go back to the north, so I won't talk to you more"
Zhang Qi left the café and gave Ouyang Yufei a prestige.
"Ouyang, how much do you know about Wang Yinan?" Zhang Qi asked.
"Please help me understand all the information about Wang Yinan, including his mentor's information, as well as his mentor's family",
"Okay, are you in a hurry?" Ouyang Yufei asked.
"I'm in a hurry, it's best to give it to me by next Tuesday"
"Then I'll try my best, I'll find someone from the physics department for you later."
Zhang Qi thought about it and trusted Li Ping.
"Are you still on the golf course?"
"Well, it's still there, with Lao Liu, they are in Texas, they are lucky today, and they are killing all directions."
"Okay, then you wait for me, I have something to discuss with you"
Zhang Qi returned to the golf course and briefly told Li Ping about the matter, and Li Ping decided not to go to the company when he went to work on Monday, but went directly to Wang Yinan's laboratory to make the BP.
Back at home, Zhang Qi put down all the entertainment and took a serious look at the relevant information of copper-oxygen superconductivity. Basically, Wang Yinan is right, at present, in the field of high-temperature superconductivity, the leader is Professor Thomas of the Princeton Institute and his student QianCheng, that is, Wang Yinan said Cheng Qian, they published results show that using the improved Cooper pair theory, obvious signs of superconductivity have been observed in the liquid nitrogen temperature region, but at present, all the characteristics of superconductivity cannot be reproduced, such as the impermeability of complete magnetic fields, so the next step is being studied Yunyun.
QianCheng has also registered a series of patents, covering basically all known compound configurations.
"It's really ruthless", Zhang Qi closed the information, "But it seems that Wang Yinan's progress is still slightly ahead, no matter whether he can regain the name of the discoverer of the theory, this matter is very troublesome."
On Monday, Zhang Qi received an email from Ouyang Yufei, some information about Wang Yinan, Li Wenjing and her father Li Shiyao, as he expected, the evaluation of Wang Yinan was very differentiated, some people said he was a genius, and some people said he was a madman. However, most of the people who say that he is a madman are because of Li Shiyao, because Li Shiyao's popularity in school is too poor, basically no one says good things about him, as for Li Shiyao's claim that he first proposed the theory of high-temperature superconductivity, colleagues in the department think it is a joke. It is said that in order to facilitate appeals, after graduation, he neither took the graduate school entrance examination, nor went to the assigned unit, so he went to the imperial capital to consume, and gave him the nickname of a madman in the circle, and those committee members had a headache for him.
On the contrary, Li Wenjing was highly evaluated, and his mentor's original words were "a rare mathematical logic genius in a century", but Li Wenjing refused to study his graduate school after graduation, and went to a research institute in the imperial capital to engage in applied mathematics, which made his mentor always haunted.
After reading the email, Zhang Qi knew in his heart, judging from his years of experience in reading people and these background materials, what Wang Yinan and Li Wenjing said is at least eighty percent likely to be true, this vote is worth a gamble, it is worth a big bet!
On Wednesday, Zhang Qi got Wang Yinan's business plan, which, of course, was ghostwritten by Li Ping.
The business plan Li Ping did a decent job, just about the leading edge of the technology and the details of the cross-era significance, some vague words, Zhang Qi asked Li Ping, Li Ping said no way, as soon as it comes to this issue, Wang Yinan said that it is best to keep it secret, to make it like this, it is already the limit.
"That's it, let's convene a board of directors in the imperial capital on Friday, and invite Wang Yinan to come over and give you a brief introduction, the amount of investment this time is relatively large, so we will put the investment committee and the board of directors together."
On Friday, Wang Yinan and Li Wenjing came to Rongyi Fund's luxury office building in the East Third Ring International Trade Center.
"It's really a local tyrant, when can you work here, it must be cool," Wang Yinan said.
"Forget it, I don't know who is okay to buy a few catties of liquid nitrogen to play, that thing is much more expensive than Sprite"
"That's right, modern scientific research is a game of burning money, it's only been a long time, and the start-up capital given by the family is almost the same, by the way, Wen Jing, your family's savings are almost all invested in."
"Well, there's nothing left, I'm thinking, I can't get any more investment this time, so I have to sell N's house"
"Don't, don't sell the house, I'll think of a way, if I can't get some technology to sell it, the money will come quickly" Wang Yinan said, "It's not a big problem to use Gödel to do some private work."
"I'm going to die, if people haven't invested yet, you're thinking about harming the public and private interests, it's too much"
"I'm not kidding?"
Wang Yinan gave a brief introduction to the business plan of the directors of Rongyi Fund. There are a total of 5 people on the board of directors of Rongyi Fund, Zhang Qi, Zhang Qi's lover Zhang Zhijing, Li Ping (on behalf of his father), Liu Yan, and Tang Ping. Liu Yan and Tang Ping are representatives of minority shareholders, and except for Zhang Qi's lover who is not entrusted by the imperial capital to vote for Zhang Qi, the other four people participated.
Wang Yinan's financing plan in the end was 30 million soft sister coins, 16% of the shares, originally he felt that Zhang Qi had suffered a loss and wanted to give more, but Zhang Qi finally asked for 10% of the right to increase his holdings, so he refused to ask for more.
Wang Yinan himself holds 50% of the shares, and Li Wenjing 34%.
Wang Yinan then answered some questions simply, the questions of several other directors of Rongyi Fund are actually mainly focused on the commercialization prospects, the commercialization of this material, there are indeed too many uncertainties, including the demand for funds, it is likely to be a bottomless pit, Wang Yinan gave honest answers one by one, probably because he was too honest, Zhang Qi's face slowly became not very good.
After Wang Yinan finished answering, he left the Rongyi Fund with Li Wenjing.
In the conference room, Rongyi Fund immediately convened a board meeting to discuss the case. To Zhang Qi's surprise, a heated debate broke out at the meeting.
"We are an angel fund, and investing such a large amount of money is beyond the scope of our business, and this kind of case cannot be considered at all."
"There is too much uncertainty about the prospect of commercialization, and they don't have patents yet, which is also a problem"
The objections focused on these two points.
Zhang Qi admitted that there is some truth in what they said, and there are few angel funds that will invest more than 10 million soft girl coins. And the superconducting material itself is likely to be a bottomless pit that drains the company's financial resources.
"If you win, you will win, and if you lose, you will lose everything, just like Wang Yinan BP said, this may be an opportunity to change the course of human history, if you miss it, we will regret it for life." Zhang Qi said passionately.
Liu Yan and Tang Ping both have a cautious point of view, and obviously do not have Zhang Qi's romantic feelings, and they oppose this investment together, mainly because the investment amount exceeds their psychological bottom line.
Zhang Qi, Zhang Wenjing, who he represents, and Li Ping, who is the only one who is the first to look forward, although they have three votes on the board of directors, according to the company's articles of association, in order to protect the rights and interests of minority shareholders at that time, it is stipulated that only four votes in favor can pass the investment proposal of more than 2 million soft sister coins. Of course, if Zhang Qi initiates the shareholders' meeting to amend the articles of association, the voting rights of the three of them have exceeded 70%, and the proposal to amend the articles of association can also be passed, but that will give small shareholders a very bad feeling and bury huge hidden dangers for the company, so Zhang Qi is not ready to use the shareholders' meeting as a last resort.
The board of directors is at an impasse.