I really don't dare to drag it out!

The second round of financing for Weibo Technology is not the longest negotiation of Pengcheng Ventures, but it is definitely the most tiring!

There are many reasons for this.

Dai Peng, the founder of venture capital, first didn't expect that Wang Wei could trust the CEO candidate he recommended so much-

After passing the test, Wang Guangqian officially joined Weibo Technology as CEO.

The second thing I didn't expect was that Wang Guangqian did not live up to Wang Wei's trust at all-

After he took the helm of Weibo Technology, he naturally took over the specific negotiation of the second round of financing, but not only did he not "release water" because of Dai Peng's recommendation, but after learning about some key projects of Weibo Technology, he decisively increased the valuation;

If it was normal, Dai Peng would only appreciate his choice - after all, after joining Weibo Technology, Wang Guangqian's interests were tied to Weibo Technology; Only by raising more money at a lower cost can he make a big difference.

But now, Dai Peng, as the person who wants to pay for it, just wants to knife him!

- Higher valuations don't just mean they have to come up with more money to get their desired share of equity; It also means that he has to put more effort into convincing the funders.

What? Can he not bird the "price increase" of Weibo Technology?

Truly!

But other venture capitalists are expected to be happy to die, and then pounce on them without hesitation to fill the position.

This is the most different thing about Weibo Technology and other Internet companies that need financing - they are too unmartial!

In these years, how do Internet companies want to raise funds - find a set of models, endorse the status quo, tell stories to capital, and try to tell stories in a full-bodied and mellow way; And as long as his logic and story capital can understand, an Internet start-up can get hundreds of millions of dollars by telling stories.

What about Weibo Technology? People don't tell stories, but as long as you are not convinced, he will dump the project!

That's right, it's so weird - dump the project!

For example, after the start of the financing war, Weibo Technology first launched the "Penguin Membership" system, and found a path of self-hematopoietic growth through the monetization of virtual goods, which even changed the direction of the small semi-Internet industry.

- That's no problem, at this time, the valuation of Weibo Technology's 10 billion yuan is considered reasonable by almost the entire industry.

However, this still does not meet the psychological expectations of Wang Guangqian, or Wang Wei behind him.

If you can't reach it, you naturally have to continue talking!

If it is other Internet startups, no matter how optimistic the venture capitalist is, there is no need to worry.

-- After two or three months of slow talking, Internet companies are almost out of ammunition, and as long as they don't want to starve to death, they can only accept the price of the venture capitalist.

Weibo technology can afford it.

Not only can it be delayed, but people also prove it with their actions: if you don't invest again, the future valuation may be even more scary!

- Naturally, this is the Resident Evil game!

It wasn't until this moment that Weibo Technology really unfolded the game picture of the future.

People in the film and television industry may only see that releasing a movie at the time of the release of the game can help increase the popularity of the movie; But people in the Internet industry can still see that Weibo Technology has undoubtedly found a new profit growth point.

Of course, it's hard to say what its prospects will be - the movie-game linkage is indeed a beautiful story, but it's really hard to say whether the Dunhuang-Weibo technology consortium can replicate the effect this time;

The problem is that other Internet companies that are pure storytellers can get high valuations, and Weibo Technology has at least achieved practical results, isn't it worth it?

Just kidding, Weibo Technology's current financing difficulty is not zero, it is simply negative - also known as "can't queue up to send money in a hurry"......

When will it be available? That's what investors in the industry are most concerned about – they can't wait to get a piece of the action.

But unfortunately, the new executive Wang Guangqian said, "We are in the stage of rapid expansion, and if we go public, some expansion strategies may not satisfy shareholders, which will cause us to be distracted, so we have no plans to go public in the short term." ”

Having said that, Pengcheng Ventures couldn't hold back – they suspected that if an investment deal was not reached, Weibo Technology might not be able to go public in the industry's eagerness.

Therefore, when the time came to mid-October, Pengcheng Venture Capital, which had retreated again and again, formally reached an agreement with Weibo Technology to obtain about 11.3% of Weibo Technology's equity with an investment of 1.8 billion yuan.

All the details and terms have passed the review of both parties, and now the dust has settled just waiting for Wang Wei's signature.

And although the investment greatly exceeded expectations, when the dust settled, Dai Peng was even more excited!

Because he knows that this money will be exchanged for a greater return.

This made him shake hands with Wang Wei with a relaxed smile after he signed, "I once thought that I would miss it with the future Internet overlord, but fortunately, I still didn't miss it!" ”

"So, I can see this as what investors expect from us?" Wang Wei also smiled quite easily.

Dai Peng shook his head, "You don't need anyone's expectations for your future!" If you really want to talk about expectations, I would like to ask, does Dunhuang have any intention of financing? ”

"Under the siege of the five majors, Dunhuang never thought of absorbing the power of major investment funds and using the connections they represent to expand?"

And Wang Wei raised his eyebrows, "Pengcheng Fund is still interested in traditional industries?" ”

"If it's Dunhuang, of course we're interested." Dai Peng smiled and continued, "But I'm asking for some investors who have spare money. ”

"They're rich!" Dai Peng blinked and emphasized, "So in fact, you can consider giving them some equity in Dunhuang, and these rich people will definitely give you a fair price." ”

"Maybe. But Dunhuang is not short of money for the time being. Wang Wei replied in an unquestionable tone.

"Well, then I can only say sorry to them." Dai Peng is not persistent.

In the final analysis, there are only two reasons for corporate financing, the first is the lack of money, the second is the lack of power, and there are two purposes, one is to try to continue the operation, and the other is of course to expand production - no matter how fancy the rhetoric, this is one of the fundamental motives for corporate financing.

For example, Weibo Technology accepted the investment of Pengcheng Fund this time because it needed both their money and their "potential" - the "potential" to attract talents and acquire other Internet companies.

Dunhuang is different.

The media industry is a very mature red sea market, and it is by no means possible to break the situation by throwing money at it; Under the current situation that the upstream and downstream are almost integrated and controlled by the five giants, external financing cannot bring much breakthrough to Dunhuang.

- This is probably one of the reasons why Wang Wei needs to focus more on Dunhuang!

Dai Peng thought.

……

This year's most popular financing drama in the Internet industry has finally come to an end!

Pengcheng Fund spent 1.8 billion yuan to acquire less than 12% of the equity of Weibo Technology, making the company's valuation reach 16 billion yuan!

This has opened up a larger territory in the far sea for the ship of Weibo Technology, and provided a huge amount of money for conquering cities overseas; At the same time, it also created a new myth of wealth creation.

At present, Wang Wei's net worth is not very clear, but he is certainly one of the richest 23-year-olds on the planet, and he has created wealth on his own rather than inherited.

The nation's mainstream media rushed to report on this young man, who is likely to influence the global economy and landscape like those who are famous.

More media reporters are gearing up to interview this new generation who is bound to make it to the wealth list.

And then......

Dunhuang told him that he refused all interviews because he wanted to make a new film.

As soon as the news came out, almost all reporters were thinking about a question - if I were so rich, I would still make woolen movies!

……

(End of chapter)