Xia Qing answered the phone and said, "Gao Chao, Xiaoya and I have already booked tickets to fly to Kyoto tomorrow morning, so Sister Miao, let's meet you, you are also acquaintances anyway." ”

I nodded, and then asked, "Sister Miao didn't say what she wanted to talk about?" ”

"Listening to what she means, it seems that she is just chatting casually, but I think that a big coffee like Sister Miao will come to the door, it must be not as simple as just chatting casually, tomorrow, we can communicate at any time after chatting, right?" Xia Qing said and shook her phone.

"Oh, right? If you sign a new investment contract with Moti as you just said, the money will be transferred directly from the company's account, wow? Your side has confirmed, and my side can operate it at any time. ”

Xia Qing nodded in agreement, the financial part has always been Feng Yasong helping Xia Qingguan, but after all, it involves 20 million, so it still has to be brought up and discussed in our four-person board of directors, which doesn't seem so formal.

"It's sunny, Gao Chao, there's no need to mention 20 million." Zhao Xiaoya smiled after hearing this.

"What do you mean?" I asked.

"It just so happens that everyone is here, and I, as the person in charge of the project invested by Qingtian Investment, also come to report to you the current progress of our company's project, after all, Qingtian Investment is our generous investor!" Zhao Xiaoya said as she took out a document from her bag and handed it to Xia Qing.

"This is our company's financial report for this period, you can take a look." Zhao Xiaoya said.

"Xiaoya is capable? It's only been less than three months, and the company is starting to make a profit? This is rare in Dragon City start-ups! Xia Qing praised while looking at the financial statements.

Because Zhao Xiaoya probably revealed some information when she met me before, I wasn't too surprised, but I still couldn't help but be full of admiration for the young and energetic girl in front of me.

You must know that in Dragon City, there are thousands of start-up enterprises, but less than 30% of the enterprises can survive for one year, less than 10% of the enterprises that can last for three years, and even fewer start-up enterprises that can survive and make money.

Although the state is encouraging entrepreneurship, entrepreneurship is tantamount to a single-plank bridge, a road of no return, many people put their savings saved by hard work into it, and some people get the so-called angel investment or venture capital.

We often see all kinds of successful entrepreneurs, but we don't see those who are bruised and bruised.

So, Zhao Xiaoyaniu! Not only did we get our 8 million investment in the first year of business, but we also developed two good systems in half a year of entrepreneurship, and achieved breakeven in half a year, and now the financial statements handed in have shown that there are nearly 2 million profits on the books.

Xia Qing and Feng Yasong were also happy after reading the report together, after all, this is the largest amount of money our company has invested in the Internet industry.

The reason why venture capital is called venture capital is that the biggest key lies in the word "risk".

In the field of venture capital, some people make a lot of money, and some people lose all their money.

For example, among the many companies that are rumored to be beautiful in the Chinese Internet circle, there are tens of millions of companies that have invested tens of millions to earn billions, such as the South African consortium that invested in the Penguin Group, and the island country consortium that invested in Alibaba, all of which have earned almost hundreds of times the return from these two projects.

After all, a story is a story, and of course it is more of a loss, so it can only be classified as a separate volume. The parties are embarrassed to say it, and the media rarely reports it.

But recently, I have read a lot of investment-related books and learned that this industry is not as cute as I imagined.

Therefore, when Zhao Xiaoya took the financial statements showing that the company was making a profit, Xia Qing and I looked at each other and looked extremely happy.

Seeing us smiling, Zhao Xiaoya stroked the hair on her ears and said, "There is another news!" ”

Seeing that Zhao Xiaoya was pretending to be mysterious, Feng Yasong asked a little anxiously, "What news, Sister Xiaoya?" ”

"Uh......" Zhao Xiaoya paused, as if sorting out her thoughts, and seeing us looking at her eagerly, she cleared her throat and said, "IDC is going to vote for us!" ”

“idc？” When Xia Qing heard the three words IDC, her eyes lit up, and I also felt a little excited, only Feng Yasong asked a little unconsciously: "What is IDC?" ”

"Little Song, please! IDC, the world's three major VCs, three percent of the cattle fork companies in Mi are invested by this company, and among the ten most famous technology companies in China, IDC has also invested in three or four. I said.

During this time, I only had time to study some well-known cases in the investment circle, this company called IDC can be described as a thunderous god in the industry, and it can be said that the company invested by IDC plays a pivotal role in the entire China and even the global Internet technology circle.

IDC stomped its feet, and global Internet companies had to tremble!

"Does IDC really want to vote?" I asked in disbelief, after all, most of the companies I know of IDC currently invests in are in first-tier Internet cities such as Kyoto and Modu.

Most of the companies that have investment actions in Longcheng are domestic second- and third-rate investment institutions, and world-renowned VCs like IDC will not set their sights on second-tier cities like Longcheng at all.

Seeing that we were all staring at her excitedly, Zhao Xiaoya said with a smile: "Yes, the president of their Asia-Pacific region flew over to chat a few days ago, and has signed a preliminary intention, if nothing else, it will be officially signed in the next two weeks." ”

"Lying grass, that's a good thing! But how could a great god organization like IDC know about Sinan? I asked, a little confused.

"Uh...... It's a long story, there are factors recommended by acquaintances, and more importantly, IDC has now begun to pay attention to start-ups in the mainland, and it just so happens that one of our customers is very familiar with IDC, so I recommended our company to them. Zhao Xiaoya said lightly.

"If IDC really votes, Xiaoya, you'll be really good!" I couldn't help but laugh excitedly.

"However, the other party has one condition." Zhao Xiaoya said with a solemn face.

Zhao Xiaoya was not as excited as she imagined, but was a little embarrassed to speak, so I said, "What are the conditions?" Due diligence or financial audit? Or is the headquarters moving to Kyoto? ”

I learned that some big VCs have a strict standard process when choosing investment targets, unlike the grass platform team like us.

Zhao Xiaoya saw me ask like a cannonball, paused for a few seconds, and finally said, "I'll just say it directly!" The other party should be the second largest shareholder, and no other investment company should be allowed to intervene......"

"What do you mean?" Listening to Zhao Xiaoya say this, I think the situation seems to be a bit serious, this kind of condition is not harsh, but it is not common, but this is the style of a big organization like IDC - either don't vote, or eat it in one bite!

Anyway, for a giant organization like IDC, tens of millions or even hundreds of millions, for them it is just mosquito legs, and it is completely fine.

"What IDC means is that the original small institutions, that is, sunny day investments, must be withdrawn." After Zhao Xiaoya finished speaking, she picked up the cup and drank her saliva, seemingly embarrassed.

"Huh? Let's quit? Xia Qing and I glanced at each other, and each other felt a little unexpected, all of which was seen by Zhao Xiaoya.

"Of course, the other party is willing to repurchase the shares invested by Qingtian at a premium." Zhao Xiaoya said.

"Repurchases are a must, and it's impossible for us to withdraw naked, right? However, according to the current speed of development of Sinan Technology, the company's valuation is not the same as three months ago. I said.

"Because the Sinan system and the star system have been developed, and the financial report just now said that the company has a net profit of nearly 2 million in the first half of the year. Therefore, when I was talking to IDC, I proposed a 10 times valuation to the other party, which is 400 million. I thought that the other party would bargain, but I didn't expect the other party to accept it in one breath and sign a framework agreement. Zhao Xiaoya said.

Lying grass, I said in my heart, when we invested in Zhao Xiaoya's company, it was only 40 million valuation, and we invested 8 million to account for 20% of the shares.

In just three months, 8 million has changed to 80 million rhythm!

This is more profitable than investing in rice stocks!

Xia Qing sat next to her and didn't speak, Feng Yasong was a little confused, Zhao Xiaoya seemed to guess what I was thinking, so she said: "But the condition proposed by the other party is that it is okay to invest at a valuation of 400 million, but the repurchase premium for the last round of institutions, that is, Qingtian Investment, cannot be higher than 5 times the valuation." ”

"In other words, if IDC wants to invest, we must withdraw, and the other party will buy back the shares in our hands, but at 5 times the valuation, that is, 40 million repurchase, right?" I said with a mental calculation.

"Yes, 40 million, that is to say, 20% of the shares of Sinan held by Qingtian Investment are now worth 40 million! If we agree, IDC immediately signs up. Zhao Xiaoya said.

"What if we don't agree?" I asked.

"IDC may invest in our rival companies, which is what my acquaintances at IDC told me, and they were talking to us as well as the Kyoto-based company. That company has been in the Internet circle in Kyoto for four or five years, it is older than us, and it is close to the water in Kyoto, but according to acquaintances, the other party bids higher, so IDC is currently inclined to vote for us. Zhao Xiaoya said.

"But if we reject IDC's terms, the other side will vote for a rival company to suppress us, right?" I asked.

"That's right. If IDC votes for a rival company, I estimate that Sinan Technology will not be so smooth, after all, with the strength of IDC, to kill us is like crushing a small worm......" Speaking of which, Zhao Xiaoya can't help but be a little worried, after all, Sinan Technology was founded by her, although it is not long, but she doesn't want to start a company by herself to become cannon fodder.

After Zhao Xiaoya finished speaking, Xia Qing and I glanced at each other, Xia Qing was thinking, I was also thinking, and Zhao Xiaoya was also thinking.

There are several paths ahead of us:

The first path is relatively simple, we cash out and exit, and earn back five times the return in a few months;

The second road is more difficult, we insist on not retreating, IDC may invest in the opponent company, Sinan Technology will fall into a tug-of-war with the opponent company, unless we find a big institution with IDC chess opponent, otherwise with our funds and strength, it is estimated that the opponent company invested by IDC will be trampled to death.

The third way to continue to talk with the other party, but according to what Zhao Xiaoya just said, time waits for no one, if we hesitate, once IDC chooses the opponent company, then we still have to go back to the second road.

To sell or not to sell? Do you want to cash out and leave? Or is it perseverance?

Several of us were lost in a short period of contemplation!

After all, it's a tough decision for Sunny Day Investment!