Chapter 78 Series A Financing in Progress
The next day.
Chen Heyu woke up, washed up, and took the elevator to the restaurant on the 11th floor, where there were already customers in twos and threes.
Five-star standard hotel breakfast, rich in variety and lively.
Western-style: all kinds of toasts, breads, pastries, yogurt, vegetable salad, milk, juice, coffee, fruits, etc.
Chinese style: soybean milk, steamed buns, pancakes, steamed dumplings, dumplings, fried rice, glutinous rice balls, etc.
"I want a bowl of beef noodles."
Chen Heyu shook half a circle, selected the steaming noodles, and said to the chef who was cooking the noodles, and the other party nodded and replied: "Sir, you sit down first, and I will call you in three minutes." ”
"Okay."
When Chen Heyu heard this, he went to get buns and some fruits, and chose a position by the window to sit down.
When Zhou Xiaoyu and Liao Feng arrived, he had already finished breakfast, resting on a chair, holding a glass of hot milk in his hand.
"Mr. Chen, good morning!"
"Early."
He glanced up at the two of them, who were not dressed in the same suits and leather shoes as usual, both wearing simple T-shirts and shorts, and stepping on disposable hotel slippers.
Holding a plate in his hand, Zhou Xiaoyu is a combination of bread and coffee, and Liao Feng is a combination of rice porridge and side dishes.
"Today's financing seminar, there is no need to worry about capital and the current value of teasing, and strive to win more equity shares while maintaining competitiveness."
Chen Heyu took a sip of milk and instructed again.
"Mr. Chen, I understand."
Zhou Xiaoyu knows that from the beginning of this project, Chen Heyu attaches great importance to it, and it is very beneficial for Shanhai Capital to win the leading right of this round of financing under the premise of having priority financing rights.
"You eat first, see you later."
After Chen Heyu said hello, he returned to the room directly, changed into a royal blue suit, stood in front of the mirror, and instantly became calm and heavy, with a little more mature temperament.
He went straight to the conference hall on the third floor, where Zhou Xiaoyu and Liao Feng were also dressed in business suits, standing at the door to greet Zhang Yiming.
"Mr. Chen, long time no see."
When Zhang Yiming saw the gold owner, he enthusiastically left Zhou Xiaoyu and greeted him with a smile.
"Mr. Zhang, you are a little unkind this time, the company lacks funds for development, you can contact Lao Zhou at any time, there is no need to pull in third-party venture capital."
Chen Heyu pretended to be angry and sent the other party to get off the horse.
"I'm sorry, Mr. Chen, I can't ......help it."
Zhang Yiming smiled bitterly, and then explained that as a Fujian businessman, he could not enter the business world without the help and support of his fellow villagers.
This time, SUG Haina Capital's intervention was also influenced by the Fujian Commercial Guild, so he had to give up part of his interests to repay the help of the big boss of Fujian Merchants at the beginning.
"Mr. Zhang, I understand your distress, but in the eyes of the Fujian Commercial Association, Funny is just a start-up small business, and the financial support it can give is very limited."
"Our Shanhai Capital is different, in terms of the scale of funds, it may not be as good as SUG, but when it comes to the importance of this round of financing, it is definitely far more than SUG."
Chen Heyu chuckled, his tone affirmative.
"Thank you, Mr. Chen, for your trust."
Zhang Yiming was grateful, the money was easy to get, Bole was hard to find, and he remembered clearly that it was Shanhai Capital's eight million funds that sent him to the fast lane.
There is the birth of Tiantian Toutiao 1.0!
It attracted the attention of the Fujian Commercial Guild!
It's just that in business, for the interests and future development of the company, under the same conditions, he will choose Shanhai Capital.
But if the gap is too big, he can only turn to SUG Haina.
"Mr. Chen, Mr. Zhou, then we will advance the conference room, and Mr. Xu from SUG Haina will be there soon."
Zhang Yiming led the way in front of the right.
Chen Heyu looked at his watch and said secretly in his heart: "SUG Hainer may just be a whim for teasing. ”
A few minutes before the start of the meeting, the other party arrived, and the man walking in front of him had a flat head and square face, a black suit with a floral plaid shirt, and shiny leather shoes made a rhythmic "da-da" sound.
"Mr. Chen, this is the managing partner of SUG Haina Capital, Xu Dong."
"Mr. Xu, this is ......"
Xu Dong interrupted Zhang Yiming strongly, and then said with a smile: "Mr. Chen, I have admired my name for a long time, and sure enough, the hero is a teenager, I was still studying when I was the same age as you, how do I know how to do business." ”
"Mr. Xu is polite, I'm still studying."
Chen Heyu replied with a smile.
"Although there are many students who study, there are few who are as good as you."
Xu Dong smiled, shook hands with him, and continued: "Mr. Chen, Kangaroo Flash will send the next round of financing, and you can also consider our SUG Haina, in addition to funds, we can also help in terms of contacts and business resources." ”
"Thank you Mr. Xu for your favor, if you need funds in the future, you will definitely consider SUG."
Chen Heyu said casually, Kangaroo Flash is now a big one, and its cash flow and profitability are very healthy, the first is not short of funds, and the second is not short of investors.
However, the influence of the Fujian business circle should not be underestimated, although he refused, he still showed sincerity and enthusiasm.
Seeing this, Xu Dong didn't care, how could he lead a company from scratch, from weak to strong in such a short period of time, and in two rounds of financing, he played with a group of old foxes to gain the initiative, how could this kind of person be simple?
Take this opportunity to establish contact, gain friendship and trust from the other party, and book the next round of financing in advance for Kangaroo Flash, which is more important to Xu Dong than investing in Zhang Yiming.
After all, in the eyes of venture capital institutions, kangaroo flash delivery is already a fat meal, and the comic sound is at most a shredded meat.
Then, the information session officially began.
"Our team's core product, Tiantian Toutiao, has been among the top 10 in the App Store in terms of cutting-edge software downloads since it was launched in August, with an average of 100,000+ daily active users and more than 5,000 new users per day......"
"At present, the strategy of attracting new customers is mainly focused on two aspects:"
"The first is free resources, which account for 70% of new customers every day, mainly relying on the software's built-in sharing function and article sharing function......"
"The remaining 30% are mainly paid channels, focusing on App Store ads, thousand-degree rankings and BBS streaming ads......"
Zhang Yiming opened the PPT, stood in front of the projection screen, and confidently introduced the current company situation and product development progress.
"Mr. Zhang, have you made any achievements in content creation?"
Chen Heyu's question fell directly on his seven inches, Zhang Yiming didn't have enough money to buy traffic, how could he be willing to spend money on content?
"Ahem, I'll introduce the content at the end."
Zhang Yiming is a little weak-minded, 100% of the graphic content in the software comes from the Internet, and Tiantian Toutiao plays the role of distributing recommendations.
It seems to be fine, but because it has not obtained the original authorization, there will be both copyright disputes and regulatory penalties, which will have a negative impact on the company.
In the last life, Zhang Yiming also got several rounds of financing before he had extra funds to increase investment in content.
Open the user-generated content program and use real money to create content barriers for products.
Chen Heyu smiled, the goal was achieved, and he didn't break the casserole and ask to the end.
"In this round of financing, the founder's team's expected valuation of the company is 300 million, and the maximum equity ratio is 10%."
Zhang Yiming finally said, and selectively ignored the content creation question raised by Chen Heyu.
During the angel round, Shanhai Capital exchanged 8 million funds for 15% of the equity, and the valuation was 53 million at that time.
Now, just an information app with 100,000 daily active users can be worth this amount?