16. Acquisitions

didn't stay long, Guan Huang met Y's founding team.

After a brief greeting, Yang Luyu spoke first, "After meeting Mr. Guan, I knew what a young hero is, a genius in the sky." ”

Due to the previous money-burning war, Guan Huang's fame is in full swing, and his ears are calloused.

Guan Huang smiled: "You have won the award, I was still thinking about how many start-ups dare to directly aim at foreign countries, and when I saw you, I finally had the answer." ”

Yang Luyu was a little curious, "Then what did Guan always find?" ”

Guan Huang smiled and said, "Just call me David, your team has the temperament of an American startup." ”

"Really?"

Guan Huang began to flatter, "Chinese innovative companies tend to have strong founders and partners, but weak employees. Because strong people either enter large companies or start their own businesses, no one is willing to be the backbone of the grassroots. ”

"That's just as well," Yang Luyu agreed.

Guan Huang continued: "However, your team is different, everyone is full of passion, high morale, and willing to do basic things for a common curiosity, which is the same as foreign start-ups, although the team is not large, but everyone can take charge of themselves." ”

Although Yang Luyu knew that Guan Huang was praising people, he still smiled.

Although the meaning is simple, the sense of pleasure is different depending on the identity of the person who speaks.

After all, the other party is not an ordinary person.

Guan Huang continued, "There is also the drive for innovation, I used to visit some startups in Silicon Valley, and I was very accustomed to asking people what their business model was and how to make money, but I didn't expect them to think too much about it. ”

"Didn't think about it?"

Guan Huang nodded, "Yes, they just think that their idea is very good, and they are curious if it will work, so they do it, the starting point is to satisfy their curiosity, make a profit, make money, and that is just a bygone result." ”

Yang Luyu felt that it was in his heart.

Y is transformed from a failed education project.

They originally planned to use short videos to be a community for teaching and learning from each other, but after a year of operation, they found that it didn't work and decided to turn to entertainment.

As for the business model and how to make money, I haven't thought about it, I just want to do it.

Speaking of which, Guan Huang struck while the iron was hot, "The difference between Chinese and American startups also leads to different results." ”

"Oh?"

Guan Huang: "China's big companies are reluctant to buy small companies, because small companies "will be strong and weak", and if you accept you, it will lower my average. Small start-up companies also feel that selling the company is a failure, so everyone can only squeeze on the single-plank bridge of listing. ”

Yang Luyu pondered for a moment and asked, "What about the United States?" ”

Guan Huang smiled: "Small companies in the United States have a strong overall team, and large companies are very willing to buy small companies, and small companies also regard selling to large companies as their entrepreneurial goals, which has become a more virtuous entrepreneurial cycle." ”

Yang Luyu didn't speak, and looked at Guan Huang a few times in his heart.

It is worthy of being a person who has made tens of billions of dollars from scratch, and when he speaks, it makes people feel like a spring breeze, and at the same time he has achieved his goal.

He already understood what Guan Huang meant.

Starting a business is not only a way to go public, but also a good way to be acquired.

"David, I also know your intentions", Yang Luyu got straight to the point, "I won't tell you, we have met Fu Sheng of Cheetah Mobile, and he is also very interested in us." ”

Guan Huang sighed secretly in his heart, there are still many smart people.

Before Y broke out, someone had a discerning eye.

Fu Sheng is the A round of investor in his previous life.

"Boss Fu's conditions are okay, a valuation of 100 million US dollars, requiring the right of first refusal and the right of veto."

Although Yang Lu Yu did not reveal any inclination.

Guan Huang could still sense a hint of dissatisfaction.

The key should be in the veto.

Yang Luyu is not the first time to start a business, so he naturally knows the lethality of the "one-vote veto".

It's a pity that sometimes people are under the eaves and have to bow their heads.

In order to live, you can drink to quench your thirst.

Even if you know that this is putting the startup in danger, you can't do anything about it.

Guan Huang smiled, "Although Cheetah is a listed company, it is worse than us. ”

Cheetah went public last year with a market capitalization of $5 billion, but it never went up, falling all the way down to $500 million a few years later.

Yang Luyu nodded, Superman's valuation has exceeded 20 billion US dollars, and it is still wildly sought after by investors.

The strength is so strong that it makes people tremble.

Compare the two, and make a judgment.

Guan Huang continued, "Mr. Yang, you might as well take a look at our conditions first and compare them. ”

Yang Luyu smiled, "I was about to ask for advice." ”

Guan Huang: "There's nothing to say about the valuation, 100 million is 100 million." ”

This price should be high.

If the cheetah didn't intervene, it could still talk, but now there is no need for that.

Don't be too stingy.

When Yang Luyu heard this, he showed a hint of a smile.

The snipe and the clam compete, and the fisherman benefited.

Guan Huang continued, "As I said just now, listing is a direction, and mergers and acquisitions are also a way out, I don't know if you have considered selling Y?" ”

Yang Luyu: "Now?" ”

Guan Huang nodded.

Yang Luyu shook his head, "To be honest, I haven't thought about it, it's too early, and the value of Y hasn't been fully realized." ”

Guan Huang smiled, "We can buy it at a premium." ”

If it is said that just now it was known with affection and moved with reason, now it is necessary to tempt it to benefit.

Yang Lu Yu asked more, "How much is the premium?" ”

Guan Huang: "If you want, I can bid 200 million." ”

Yang Luyu was stunned by this number, it's not that he hasn't seen money.

Former product management director of eBaoTech, co-founder of ScrumCN, and also a person who has seen the big world.

However, when $200 million is at your fingertips.

Suddenly speechless.

Are the bigwigs doing things like this?

Take money not as money.

100 million is already overestimated.

Two hundred million is too exaggerated.

Yang Luyu finally knew the difference between himself and a top boss like Guan Huang.

It is difficult for people who have not experienced this kind of courage to feel intuitively.

Perhaps, only entrepreneurs who have experienced the war of burning money and spent billions in a year can have this kind of arrogance.

Sometimes, the power of money is really heavy.

Yang Luyu's mouth was dry, "Are there any other conditions?" ”

Guan Huang smiled, "Everything else is trivial. ”

Since there is so much money to be paid, there must be a whole bunch of restrictions.

Otherwise, Yang Luyu would get the money and turn around and copy the same product again, and Guan Huang would become a joke.

Yang Luyu nodded.

Restrictions are nothing more than non-compete agreements and performance incentives.

As an old professional, I am no stranger to this.

"I need a little time to think about it", Yang Luyu pondered for a long time, raised his head and said.

Guan Huang: "Okay, I'll wait for your news." ”

Yang Luyu turned to leave, suddenly turned his head and asked, "Mr. Guan, I don't know why you value Y so much." ”

Guan Huang didn't answer directly, "This is my sudden decision, when I saw your team, I had a strong urge to work with top talents like you." ”