"Oh? Sincerity? In fact, to be honest, Hillhouse Technology can really be financed this time, even if it is financed, I will not give 40% or even 60% of the funding like those start-ups. I will only raise 10% of the shares at most, and I need absolute control of the company, and the investment company must not have any ideas and attempts to guide the company's course! Gao Huaijun dried Moutai in one bite and said lightly.

The people who invested in the wine table couldn't help but be stunned, and it could even be said that they were stunned!

They couldn't believe that Gao Huaijun dared to say such a condition!

You must know that ordinary technology companies, if they dare to say this, don't say that they will not see their boss Wang Ji, even if they are middle-level investment managers, they will not be able to see them.

How can a small company do bargaining?

Gao Huaijun not only said, but also very strong, which means that the investment company is a tool.

You take the money!

Supervisory power, no!

Board of directors, don't even think about it!

This is an overlord clause in the absolute sense!

No wonder, Hillhouse Technology is reluctant to negotiate with large American companies such as Gao Sheng, Lei Slow Brothers, and Merlin.

With their potential, it stands to reason that it is more than enough to find a reputable investment company!

Wang Ji glanced at a vice president next to him, and the vice president said slowly, "That's it, Mr. Gao!" Hillhouse Technology expects sales in 06 to reach 130 million yuan. When Hillhouse Technology is a high-potential company, in the future, it can be listed on the Nasdaq Science and Technology Innovation Board, and the price-earnings ratio (Price Earnings Ratio, referred to as P/E or PER, also known as the price-earnings ratio) of the main stocks of the Science and Technology Innovation Board is between 15-18 times, in order to express our sincerity, we are willing to give Hillhouse Technology, the top 20 times the price-earnings ratio assessment, that is, Hillhouse Technology can be valued at 520 million, we can take out 52 million cash, and Melt Hillhouse Technology 10% What do you think? ”

"We can guarantee that in the whole of China, no company dares to raise such a high premium space! If it's Morgan Stanley, Gao Sheng is a big investment bank, if they intervene, they will even give a price-earnings ratio of 10 or 5, you can see our sincerity! ”

"And in order to allow investors to better exit, you can take out 10 million of the 52 million cash and use it freely (Free exit mechanism), and we will not interfere with you."

Tang Yuan, as a little minion, has never seen this kind of battle!

In a case he contacted earlier, the company gave an Internet company, the estimated price was only a few million, and gave investors 2 million angel rounds (i.e., angel investment) to take out 40% of the shares, and the investors were happy.

And now, Hillhouse Technology is already a company with a price of 520 million!

520 million, he Tang Yuan has struggled all his life, but he can't reach this number!

The gap, it's too big!

And Shang Yayan on the side was even more out of shape at this time.

She knew that Hillhouse Technology was very valuable, but she didn't expect it to be worth so much money!

10% of the shares, 52 million, these two figures, deeply stimulated her!

It turns out that Hillhouse Technology is really very valuable!

Gao Huaijun raised his eyebrows, "With 52 million in cash, your Jiahe investment is not small, do you have so much money in the account?" ”

"52 million is not a big problem." Wang Ji was a little embarrassed by Gao Huaijun's questioning, which was actually similar to questioning whether a man could do it, "But we will only contribute 40 million, and the remaining 12 million will be used as the lead investment fund for some friends to follow up the investment." ”

Gao Huaijun understood what he meant in seconds, and he understood his second-level needs.

Hillhouse Technology, now can't confront Ji Bochang and his brothers head-on, so they need to develop, and now they need to do some defensive moves, so that they can't play yin!

Moreover, in the past few days, some VC companies have negotiated with Gao Huaijun one after another.

No matter how much you boast that Hillhouse Technology is a high-potential company, the real money paid and the real price paid are your most real views on a company!

The valuation of 520 million is one base higher than the highest intention offer currently obtained.

At present, the highest valuation in Gao Huaijun's hands is also valued according to the 15 times price-earnings ratio, and the market value is only about 400 million, which is less than 80% of 520 million.

In Gao Huaijun's eyes, Wang Ji's offer is quite kind.

However, whether Gao Huaijun wants to take the money invested by Jiahe, the most important thing is to look at things other than money.

He now needs a so-called 'foreign force' to escort Hillhouse Technology for a while.

If only money is given, Gao Huaijun would rather not raise money, delay the expansion of the R&D department and marketing self-operated stores, and wait until the company's sales reach the 1000000000000000000 level, skip the A round and directly finance the B round.

At that time, for Gao Huaijun personally, it was the best choice to maximize interests.

"I need to point out that Hillhouse Technology's internal planning of 06 years of sales is 160 million yuan, not just 130 million yuan, if the end of the year to produce new products, sales will be higher!" Gao Huaijun took a pair of chopsticks to fry the fresh shellfish softly and said lightly.

"160 million yuan, which is twice the current sales, is very difficult in the absence of new products! And even if a new product is released, it must be melted before it can appear, which is actually a paradox. Now Hillhouse Technology's R&D progress is too big, and it is very dangerous not to raise funds. In this market, confidence is more important than gold. The vice president on the side smiled and toasted a glass of wine, his glass was pressed very low, and his waist was almost 90 degrees.

However, his language is very sharp, and he has not become weak because of his demand for Hillhouse technology.

"130 million is obviously an underestimation algorithm, and I only accept the valuation of 160 million sales. Moreover, the total P/E ratio must be 25 times! That is, a valuation of 800 million! Gao Huaijun took a sip of the drink casually, but what he said was earth-shattering!

160 million sales aside.

What is the concept of 25 times P/E ratio!

Don't look at Musk's Tesla in the future, the price-to-earnings ratio is hundreds of times.

That's a case in a box.

In the beautiful country, a sound and mature stock market, without the endorsement of more than 3 super large institutions, it is simply impossible to speculate on such a high and large long-term P/E ratio.

Where can this kind of company be compared with ordinary listed companies?

As for those penny stocks, they occasionally skyrocketed, but they were just hype, and in a short time, they would fall.

Therefore, companies that can achieve a long-term P/E ratio of 20 times are very strong and high-quality companies!