Chapter 87: Chen Chen's Bottom Line (1st Update)
Chen Chen also understood that what Du Yue said would definitely not be his own reserve price, and knew that Fengyuan's valuation of his company would definitely be higher, but it would not be too high, and it was still a long way from his inner expectations.
Chen Chen's heart moved slightly, and he said with a light smile:
"Manager Du, you are not authentic, this valuation is not very suitable, you can directly talk about your real valuation."
Immediately, Du Yue and several people made eye contact, and after one of them nodded slightly, Du Yue said their bottom line.
After Chen Chen heard it, he also nodded slowly, it seems that Fengyuan is quite fair, although there is still a big gap from Chen Chen's expectations, but it is just because they don't know much about the specific situation of Chen Ya's takeaway company.
Looking at Chen Chen, who was thinking about it, Wu Dong frowned, he was afraid that Chen Chen would not be able to resist the temptation and agree, so he hurriedly reminded:
"Mr. Chen, we have to seriously consider this valuation."
Chen Chen waved his hand at him, signaling him to be calm, and then said with a smile:
"With a valuation of 1.2 billion, I have to say that Fengyuan's sincerity is indeed very sufficient."
After Du Yue heard this, she immediately smiled and said:
"Mr. Chen, you are humble, this is why your company is indeed worth so much, so we give such a high valuation."
However, after hearing Chen Chen's next words, Du Yue couldn't laugh, and saw Chen Chen say:
"Manager Du, although your bid is indeed very reasonable, I'm sorry, I'm afraid we won't be able to carry out this cooperation. There are two main reasons, the first is that there is still a certain gap between your quotation and my estimate.
The second is that we can't put all the 15% shares in a venture capital institution, you know, our company is definitely going to set foot in the national market, and we will need a lot of help at that time, and we need to introduce multiple capital to share the risk, so you know. ”
Du Yue's face was uncertain, Chen Chen's second point was that their company's strength was not good, otherwise they could give them 15%, but she also understood that it was true that their company was really not big in the country.
Chen Chen also gave them face, and his words were very vague, but if he understood it, he was unhappy.
Regarding Chen Chen's worries, she also understands that after all, the people take food as the sky, and takeaway is closely related to catering, and it is necessary to attract real bigwigs to enter the market, so that the future can develop.
Du Yue tried hard to calm down, suppressed the displeasure in her heart, and then asked:
"Mr. Chen, we can understand this second point, we can discuss this point, but the first point, Mr. Chen means that our bid is too small?"
Chen Chen also saw that Du Yue was a little dissatisfied, but what he said was the truth, and then he bowed his head lightly and said with a light smile:
"That's right, don't hide it from Manager Du, we expect the company's valuation to be about 1.6 billion R, which is still a bit different from your offer, and our company originally planned to carry out the first round of financing after the May Day holiday, and 15% of the shares will be released at that time.
The reason why I will meet with your company today is entirely because you are the first venture capital institution to take the initiative to come to the door, out of respect, we originally intended to accept some of your investment if your price is right, but unfortunately, the valuation of 1.2 billion R is really a bit low. ”
Chen Chen's valuation of their company is actually about 1.8 billion, of course, referring to Chenya's takeaway after the May Day holiday.
At that time, the preliminary preparations for expansion were made, and there was a week's buffer, and the financial statements of Chenya Takeaway at that time must be very good, and there was real evidence at that time.
But after knowing Fengyuan's reserve price today, Chen Chen felt that after the May Day holiday, the bottom line of 1.8 billion seemed to be a bit low.
The 1.6 billion that is said now is just for Chenya takeaway, as for why there are so many more than Du Yue's offer, there is a difference, Du Yue thinks that Chenya takeaway is still sticking money in, but now Chenya takeaway is just losing money, these two are not the same concept.
Du Yue frowned, thought about it and said:
"Mr. Chen, 1.6 billion R is really a bit high, although we are very clear about your company's potential, but what will happen in the future, we can't be sure, we can add up to 1.3 billion, if Mr. Chen agrees, I can guarantee that within three days, the money will be all received."
As soon as she said this, Chen Chen didn't react, but the faces of the three people who came with Du Yue changed, and then they returned to normal and didn't say anything.
Chen Chen saw the change in their expressions, and he also knew that Du Yue's offer must have exceeded their expectations within the company, and secretly thought that this person was really decisive, but he still shook his head.
After Du Yue saw it, she asked without giving up:
"Mr. Chen, can you give me a reason to estimate the value of 1.6 billion?"
Chen Chen didn't speak, but turned his head to look at Wu Dong.
After Wu Dong saw it, he hurriedly sat up straight and said:
"Manager Du, let me tell you a piece of news, our Chenya takeaway platform, three days ago, the daily order volume exceeded one million, and the transaction volume exceeded 30 million."
Du Yue was taken aback by this news and lost her voice:
"So much! It was still three days ago! ”
Chen Chen said indifferently:
"That's right, Manager Du, you must know that although we occupy the magic market, because the market has not been fully developed, it is unreasonable to estimate the market value of our company based on the information you have found.
Even if we don't expand to other places in the later stage, just with the market of Modu, the transaction volume of the platform will be amazing in the future, not to mention that our company will expand to other cities, in my opinion, 1.6 billion R is completely reasonable. ”
Du Yue was silent for a moment, and said slowly:
"Mr. Chen, I don't deny what you said, but the development and in-depth development of the magic capital market is based on the premise of sufficient funds, and when other capitalists intervene in the market, once the market outside the magic capital is completely divided, there will definitely be people eyeing the magic capital market, and whether your company can hold on is still a problem."
Chen Chen smiled and said:
"Yes, we also know this reason, so we are preparing to carry out the first round of financing after the May Day holiday, just to find capital as a backer."
Du Yue also rolled her eyes when she heard Chen Chen's somewhat shameless words, although what Chen Chen said was very reasonable, but 1.6 billion was still too high for them.
And they don't know if Wu Dong's words are true, after all, there are no documents to take out, empty words, it's a bit unbelievable, plus Chen Ya takeaway is still sticking money into it after all, I don't know when it will be profitable, it's too blocked.
Du Yue secretly thought in her heart, it seems that this cooperation cannot be negotiated today, and she was a little disappointed, but when she came, she was full of confidence, adjusted her mentality, and said:
"I'm sorry, Mr. Chen, I'm afraid we won't be able to agree to your request, so we can only wait for the opportunity to cooperate in the future."
Du Yue's abandonment was also expected by Chen Chen, and he replied politely:
"Manager Du is serious, we should be very sorry, after all, let you run in vain, but our company will carry out the first financing after the May Day holiday, I hope to cooperate with Manager Du at that time."
Du Yue nodded, looked at his watch, and replied:
"Okay, Mr. Chen, then we won't bother you, let's go first."