Chapter 7: Venture Capital Institutions

There was a long silence on the phone, Ren Hong must know the truth that wealth moves people's hearts, XlouS is obviously a piece of fat now, a big fat meat, it is hard to believe that no one is not moved.

The commercial future of this app speaks for itself.

"The school will respect your personal choices, work hard, remember to be down-to-earth in everything, and never be impetuous and greedy." Director Yu said solemnly.

"I'll keep it in mind! Thank you Director for your concern. Ren Hong responded sincerely.

"Huh. Say hello to you first, IDG Technology Venture Capital Fund has obtained your company's address from the school and should be rushing to you. Director Yu on the phone said with a smile.

"I see, thank you, Director Yu." Ren Hong responded.

In the academic affairs office of the department, Director Yu hung up the phone and muttered to himself: "It seems to be going to be lively recently." He chuckled and plunged into his work.

Ren Hong returned to the classroom to continue to arrange the work, and Zhou Hui immediately said when he saw Ren Hong coming back: "Boss, the traffic of the official website is rising rapidly, and we need more servers to relieve the pressure." ”

"Hmmm! Knowing that, then I'm going to rent a few more servers, and after this time, I believe we will be able to buy servers soon. Ren Hong thought for a while, and then looked at Chen Kai: "Relevant patents must be done well, and this matter cannot be sloppy." ”

"Don't worry." Chen Kai patted his chest and said.

Ren Hong nodded, everything in the company is running smoothly at present. A few minutes later, though, Room 317 welcomed guests for the first time.

Two men and a woman, dressed formally, arrived.

"Excuse me! Is this the office address of XlouS? One of the men knocked on the door and said outside.

"Yes, that's right." Ren Hong put down the work at hand and got up to greet him, he looked back at Zhang Han and the others: "You just need to work." With that, he walked to the door of the classroom, looked at the man and the woman, and estimated in his heart that these two people were not surprisingly from the IDG investment fund.

Sure enough, one of the men smiled and said, "Hello! We are the head of Northeast Asia at IDG Technology Venture Capital Fund, and my name is Li Taosheng. What is the person in charge of XlouS company......"

"I am the founder of XlouS, Ren Hong." Ren Hong said. He is no stranger to IDG Technology Venture Capital Fund, which was founded in 1992 and is one of the first international investment institutions to enter China, and so far, IDG Venture Capital has invested in more than 300 outstanding companies in China.

Well-known Internet companies such as Baidu, Sohu, Tencent, Ctrip, Qihoo 360 and other companies have invested in it. More than 70 invested companies have been successfully listed or acquired through mergers and acquisitions.

IDG Capital's investments target emerging industries in China, including the Internet, mobile Internet, software, new media, consumer goods and services, healthcare, clean energy, and other fields.

This time, it's clear that XlouS is on target.

Li Taosheng was overjoyed when he heard the other party's answer, "I'm glad to be there!" Mr. Ren is really young and promising, and he has already designed such an excellent software before graduating. After some boasting, Li Taosheng said where he came from: "Presumably Mr. Ren has guessed our intentions, IDG Investment Fund is very optimistic about your company's products after learning about it, seeing that Mr. Ren is a college student entrepreneur, presumably there is a shortage of funds, IDG Venture Capital hopes to invest in your company I don't know what Mr. Ren wants?" ”

Ren Hong was silent for a moment when he heard this, looking at the other party, there was no excitement when the so-called investment institution sent the banknote in hand, although he was a 19-year-old sophomore, he was like a calm middle-aged man, I saw him say calmly: "The company is indeed facing the funds needed for expansion, I don't know how you can invest in us?" ”

Li Taosheng was a little surprised by Ren Hong's performance, and when he heard the other party's answer, he immediately looked at him with a smile and said tentatively: "IDG is ready to raise $60 million for your company, accounting for 49% of the shares, and IDG values XlouS at $120 million, so ......"

Li Taosheng was talking fluently, Ren Hong always listened calmly, and when he heard that 60 million wanted nearly half of XlouS's shares, Ren Hong turned around on the spot.

Syllable!

There was an alarm, the door was slammed shut, Li Taosheng was stunned, and his assistant was at a loss, only to hear a slight and cold voice from inside: "XlouS has no plans to raise funds at present!" Your Excellency, please come back. ”

Li Taosheng reacted, immediately knocked on the door, and said eagerly: "Mr. Ren! If you don't think it's right, you can talk about everything! Mr. Ren! Mr. Ren! ”

"What's going on?" Zhang Han watched Ren Hong return to his desk with a angry face.

"Venture capitalists." Ren Hong said unhappily: "Mahler is a buttock." 60 million dollars is like asking me for 49% of my original shares, really when Lao Tzu is a coder with a code full of codes? The more I think about it, the more angry I get. ”

In Ren Hong's mind, XlouS is priceless, and the launch of instant online translation is only his first step, and it is this first step that XlouS can rank among the top 10 Chinese Internet companies with this product, which is his most conservative valuation.

"120 million! USD! Astronomical amounts! Hehe! Ren Hong thought about himself and smiled.

"I said Ren Hong. It's easy to say that the other party is also a venture capital company, and our company can't move forward at such a rapid pace, and we also need funds to promote it, although we all know the value of instant online translation. Chen Kai glanced at the door that was still knocking at the door and said.

Ren Hong looked at a few roommates, he stretched out a finger, his voice was very loud, but he was not afraid of outsiders hearing it, "First, it's the venture capital that comes to us now, not us who goes to them to attract investment." He stretched out a second finger, "Second, XlouS's first product has no competitors in the market, and I can proudly say that in the next ten to fifteen years, this technology will be the only one XlouS." Everyone looked at him and stretched out a third finger, "Third, I didn't think about venture capital from the beginning of the company's creation. He held out his fourth finger and said, "Fourth, someone will give us a lot of dollars and help us promote it." Finally, he said: "XlouS is a great high-tech company, and he not only insulted my IQ, but also tarnished XlouS and instant online translation, which is unbearable." ”

The five roommates looked at Ren Hong in a daze, at a loss.

"It's so domineering, I almost fainted." Zhang Han looked at Ren Hong with an intoxicated expression.

", don't be like this, if you go on like this, you kid won't be a pseudo-mother or gay!" Zhou Hui looked at him with a disgusted expression.

"By the way, you said that someone would help us do the promotion and send us money, what does that mean?" Chen Kai said curiously, this sentence also made others curious.

Ren Hong smiled slightly and said, "Our thinking is different from that of foreigners, and the thinking of foreigners is that a product must first consider competitiveness and competitors." But we're not, XlouS isn't, why do we make products with competitors? If there is an opponent, it is ourselves, our company's innovative ability! ”

(To be continued)