Chapter 87: ByteDance
The time soon came to August, and more than half of the filming of the TV series was completed, and the director was very pleased to see that the filming progress was getting faster and faster.
According to the current progress, it is estimated that by the beginning of September, the TV series will be completed and completed ahead of schedule.
It's a pity that the successive messages broke the director's unrealistic ideas.
The heroine Yang Mi is going to take leave again.
As a popular star, it is unrealistic for you to expect her to spend 3 months filming wholeheartedly in the crew.
There will be all kinds of things to come to her, and asking for leave is commonplace.
Fortunately, [Ancient Sword Strange Tan] is a big production with an investment of hundreds of millions, and it is also a drama of Yang Mi's owner Huanrui.
Yang Mi didn't dare to go too far.
Otherwise, according to her current popularity and her own work habits, it would be light to roll two or three dramas at the same time.
[Small Times 2] was released in August, although the popularity of 1 has not subsided, but these actors have to come out to promote it more or less.
At the same time, another movie starring Yang Mi [Gong Lock Agarwood] was released at the same time, and this movie with the same name as the TV series [Gong Lock Heart Jade] is Yu Zheng's play.
Although Yang Mi starred in friendship, Yu Zheng's favor could not help but return, and this movie was mainly due to the popularity of the TV series [Palace].
She had to help with the publicity.
On the second day of the heroine's departure, Gu Wei also asked for leave.
The agent Yang Liwen called him, and Zhang Yiyi was relieved and wanted to see Gu Wei.
Let's talk about financing.
When filming from Thailand, Yang Liwen contacted Zhang Yiyi, but at that time, the development of [ByteDance] was okay, and the money for the A round of financing had not been burned.
Moreover, Zhang Yiyi is still wary of Yang Liwen, an inexplicable investor who comes to the door.
In recent months, the tide has changed.
It has been smooth sailing, and the number of registrations is also increasing.
As long as the time comes, you can continue to raise funds in the B round, C round, and D round, and finally successfully go public and walk on the pinnacle of life.
Just when everything seemed to be going well, there was a sudden media exposure on the Internet that [Today's Headlines] was suspected of infringement!
Soon, a number of media on the Internet were exposed at the same time, [Today's Headlines] was suspected of infringing on the copyrights and copyrights of other news media, and it was hoped that its infringement would be changed as soon as possible and rectified in time.
Because of the large number of media involved, it has set off a wave on the Internet.
Zhang Yi was anxious, and some of the financing parties who were talking about were affected by public opinion and retreated.
In fact, [Today's Headlines] does have infringements, which Zhang Yi, a CEO, knows well.
Toutiao is a news app, but it doesn't produce a single piece of news.
All the news content on it is scraped from other websites.
It is a machine learning-based recommendation engine application designed to help users efficiently discover valuable information.
However, this valuable information is captured by it and left on its own application, and the user's traffic is naturally precipitated in [Toutiao].
It's better to say if there are fewer people watching.
Now the number of registered people is slowly increasing, and other media look at it, you don't have to contribute, you don't have to contribute, you just copy our news, and then users go to your home, and the advertising fee is a lot of money.
Of course they weren't happy.
Moreover, the [Toutiao] algorithm captures the news of the entire network, that is, it stands on the opposite side of all media.
Gu Wei returned to the capital and made an appointment with Zhang Yiyi under Yang Liwen's arrangement.
The place of meeting was set in Gu Wei's company, after all, at this time and that time, [Byte] The predicament at this time gave Gu Wei a little initiative.
And letting Zhang Yiyi come to the company can also let him see the strength of the company, which is not the imaginary grass platform team.
After more than half a year of recruitment and expansion, Wei Mingxia Film and Television Company is no longer the original situation of two or three big cats and small cats.
Due to the increase in staff, the company has rented an entire floor of the original location as an office space.
In the conference room, Gu Wei and Zhang Yiyi met for the first time.
Zhang Yiyi, who is about 30 years old, is short and thin, with dark skin, small eyes, a pair of black-rimmed glasses, a sky-blue T-shirt, and jeans.
It doesn't look like the CEO of an Internet company with a valuation of hundreds of millions, but like an ordinary 'code farmer'.
The two shook hands and sat down.
"Mr. Zhang, I have admired your name for a long time, and I have always been lucky, and I am fortunate today, it is better to meet than to be famous."
Gu Wei is used to it, and when he comes up, he first praises him, the relationship is closer, and his good feelings are full, and then he talks about other things.
"Mr. Gu, you are polite, your agent has approached me several times before, and the company was too busy some time ago, and now I finally have time to meet with you."
Zhang smiled honestly, he was a programmer, and he didn't have the elite style of a big company at all, but gave people a sense of loyalty and honesty.
Gu Wei exchanged a few more polite words with him, and then went straight to the point.
"Mr. Zhang, I used the APP developed by our company last year, and I feel that this product is very good.
Although the function is simple, it is practical and convenient, and I can see that the algorithm for grabbing and distributing content is the most essential thing in the APP.
I heard that your company has plans to raise funds in the near future, I wonder if I have the honor to join your company? ”
"This? Mr. Gu won't tell you that I really want to talk to you about financing today.
Although the cash flow within the company is not tight yet, we are still in good shape, and we are starting to think about the next round of financing. ”
After saying that, he frowned slightly
"It's just that I have a doubt, there has been a lot of news about [Today's Headlines] on the Internet recently, since you want to raise money, I believe you will also pay attention.
Aren't you worried about [Toutiao] as many people on the Internet say, completely falling down because of infringement?
That would be a wasted investment. ”
Although he needs money, Zhang Yiyi still wants to figure it out.
Gu Wei lowered his head and thought for a moment, then looked at Zhang Yiyi with a smile
"I understand Mr. Zhang's doubts, but I think so about this matter.
I know what Toutiao is facing, but I'm not worried about it.
The network environment in our country is different from that of the West, we developed late, and everything is learned from others.
In the early days, in order to be able to compete with mature foreign Internet companies, domestic Internet companies did a lot of plagiarism and infringement.
Things are not done right, but they have to survive first.
We can't let foreigners occupy our Internet market.
Therefore, various laws, regulations, and policies are relatively relaxed.
This situation is changing little by little as the online market matures.
But there has been no fundamental change today.
Although it violates the interests of some people, I believe that this will not be the reason for its fall.
Laws and policies will not knock him down, only it can knock it down.
Crisis, where there is danger, there is naturally opportunity.
The current situation is not a good opportunity for [Toutiao] to become bigger and stronger and develop. ”
Gu Wei said a lot in one breath, then lowered his head and picked up the teacup and took a sip.
After listening to Gu Wei's words, Zhang Yiyi thought more.
"Thank you very much for Mr. Gu's enlightenment, I am a little confused."
Immediately, Zhang Yiyi sighed again
"That being said, the truth is also the truth, but there are only a few people who are willing to fight, and Mr. Gu has the courage to outperform most people."
Gu Wei smiled, "Others don't know if you will win or lose in the future, but I know that you will definitely win." I've seen everyone's hole cards before I go to the table, so why don't I dare bet. ’
"Of course, the most important thing is that I believe in your ability.
Before I wanted to invest in [ByteDance], I also got to know Mr. Zhang through various channels.
I think you're a true genius.
I have always believed that only by working with capable people can we achieve ultimate success.
It's not so much that I want to invest in [Byte], but that I want to invest in you, and I believe that as long as I lead you, [ByteDance] will eventually become a great company. ”
Gu Wei said, looking at Zhang Yiyi eagerly.
He was very moved by what he said.
"Mr. Gu, I am flattered by my love.
I, Zhang Yi, am not as capable as you say, but I do have a heart that wants to do a good job in the company.
To tell you the truth, some time ago, several investment companies had plans to raise funds, but because of this incident, most of them retreated.
Now in addition to you, there is also a Russian venture capital company that talks to us. ”
"It's okay, I understand this very well, a good woman asks for it.
I would venture to ask, what is the amount of financing we plan to raise in Series B, and what is the valuation of your company now? ”
Gu Wei asked.
"We plan to raise $10 million in Series B, and now the valuation of the company is $50 million." Zhang Yiyi replied.
As Gu Wei knows, it seems that in the end, the Russian venture capital company agreed to the valuation of [Byte], and the original [ByteDance] B round of financing was invested by DST Global, a Moscow-based investment company.
Investment of $10 million, valuation of $50 million.
After the financing, the valuation is 60 million US dollars, and DST accounts for 16.66% of the shares.
"Mr. Zhang, I completely agree with the valuation of your company, I can come up with $10 million for financing, and I only need 15% of the shares after financing.
After the financing, I will sign a concert agreement with you as a shareholder, entrusting you with full authority to vote. ”
Zhang Yiyi's eyes moved when he first heard that Gu Wei only needed 15% of the shares, and then he raised his head sharply when he heard him say that he could sign a concerted action agreement.
"Mr. Gu, is this true?"
"Of course, although I, Gu Wei, am not a great character, I have never broken my word when I say it." Gu Wei said lightly.
Then he added the last weight to Zhang Yiyi's inner scale.
"Mr. Zhang, I believe that the B round of financing is definitely not the end of your company, Internet companies, everyone is rushing to become bigger and stronger and finally go public.
In the next few rounds of financing, in order to go public, some international capital will definitely join in.
If foreign investors are allowed to join from the B round, then after the later rounds, the majority of the company's shares will be international capital.
This is not a good thing for a local Internet company. ”
Zhang Yiyi listened and did not hesitate any longer
"Mr. Gu, your conditions are very generous, and I welcome your investment in principle.
But it's not a small matter after all, and I need to go back and talk to my team. ”
"Mr. Zhang, I'm waiting for your good news."
——
"Mr. Gu, do you really want to invest $10 million in Zhang's company?" The communication with [Byte] was handled by Yang Liwen.
She is also a little unbelievable at the moment, this is going to invest more than 70 million to a company she doesn't know?
You know, this money is not used to make movies.
Investing is not an area they are familiar with, and who knows if they will end up losing their money.
"Of course, I've already agreed, as long as he nods, I'll invest the money.
Sister Yang, you go and help me find a more authoritative third-party company, as long as Zhang Yi nods, do your due diligence as soon as possible, and then sign the contract. ”
Two days later, Zhang Yiyi replied and accepted Gu Wei's financing.
Hearing this news, Gu Wei's heart felt like putting down a boulder.
This investment could be the most profitable investment of his life.
You must know that as of 2020, [ByteDance] has accepted financing from Tiger Global Fund, with a valuation of $100 billion.
Although the shares in Gu Wei's hands have been diluted by rounds of financing at that time, at least there are hundreds of times the income.
With the cooperation of [Byte], a third-party agency enters the market to start due diligence, which is a necessary procedure before the company raises funds.
The investment company needs to make sure that the investee company's assets, liabilities, finances, legal relationships, enterprise data, etc. are all in good condition and that there is no falsification.
Gu Wei believes in Zhang Yiyi, but this investment process cannot be left out.
Sometimes your rash signing and giving money without any guarantee will not be regarded as trust, but will only be looked down upon by others, thinking that you are stupid and have a lot of money.
Therefore, although Gu Wei was in a hurry, he still patiently waited for the due diligence process to be completed.
The $10 million is already in the account of Gu Wei's newly established investment company, and it will be transferred to [Byte] after the contract is signed.
After the due diligence began, Gu Wei flew back to the Hengdian crew to continue filming, and he couldn't delay it for too long, if Gu Wei took another two weeks off, not only the director, but also Mr. Chen of Huanrui would have to come to him.
Although he is in the crew, he has something in his heart, and Gu Wei is a little absent every day when he films.
Fortunately, it's just a fairy idol drama.
With Gu Wei's acting skills, he can be on par with other actors in casual acting.
After another two days, Yang Mi also returned to the crew.
I went to Gu Wei as usual in the evening, after a fierce basketball game.
Yang Mi lay quietly on his chest, stroking his strong and powerful chest muscles and abdominal muscles back and forth.
"Do you have something on your mind these days, seeing that you are absent-minded every day?"
"I'm optimistic about a company in the capital, and I'm going to invest some money in it." Gu Wei did not shy away from Yang Mi.
"What kind of company, don't let people deceive." Yang Mi looked worried.
In recent years, celebrity financial management has made people cheat a lot of money.
Many celebrities have low educational qualifications, and there is no good financial channel for making money from filming and advertising.
In the end, people cheated the money out of a fool's errand.
"Don't worry, I'm the kind of person who can be easily deceived. It's just an ordinary financial investment, but the amount is larger. ”
"How much did you vote?" Yang Mi asked curiously.
Gu Wei stretched out a finger.
"1 million?" Shake your head.
"10 million?" Yang Mi exclaimed.
"$10 million!"
Hearing this number, Yang Mi's breathing became heavy, and in her eyes, Gu Wei became more attractive.
Her hand slowly slid down, and a new match was about to begin.
(End of chapter)