"20x P/E? This kind of price-earnings ratio that is just ordinary electronic technology will dream of! Actually, is my consideration technology an ordinary electronic technology company? Wrong, what I'm doing is actually a business that combines the Internet industry and the electronic technology industry! What we do is not only a hammer deal like buying and returning pearls, but more importantly, our product strength is very strong, there is no need to hype Internet traffic kind of company, only traffic, but traffic is not cashed out! ”

"Now our products have achieved positive cash flow, the door to positive iteration and development has been opened, we are now in 2 years, we have launched 5 products, I will list more products in the future, if it works well, it is not a problem to double sales next year!"

"How is it possible that you only give a regular valuation for such a company!" Gao Huaijun didn't wait for Wang Ji's answer and continued.

Wang Ji was dumbfounded for a long time, he couldn't believe that Gao Huaijun actually made such a high request!

There are so many conditions, and they are still so strong.

It's either a supernova or a super braggart.

He straightened it like this, and he made Wang Ji a little tidy.

"Mr. Gao, few people dare to sign this kind of offer! Your sales this year are 80 million, now let's take out 80 million to invest, this risk is too big! Companies that can make such conditions are all super blue chips after listing! Wang Ji smiled bitterly.

He didn't expect that when he came to talk with such sincerity, Gao Huaijun would dare to put forward such high conditions.

If it is a large company like Gaosheng, if you know the conditions of Hillhouse Technology, it is estimated that you will not eat directly, shake your head and leave.

"I'll admit that this is a relatively high premium price. However, you should know the history of Hillhouse Technology, we were still a small electric fan factory in 03 years, and the sales at that time were less than 3 million! ”

"But now, in just 2 years, our sales have exceeded 100 million yuan!"

"Venture capital, venture capital, risk first, investment last, what you want is a high return in the later stage! Without the high yield in the later stage, you probably won't be eating with me at this table! Gao Huaijun smiled faintly.

Wang Ji nodded.

Indeed, the future path of Hillhouse Technology is not yet fully clear, and it is now a game period of asymmetric information.

Gao Huaijun felt that he had higher potential, so he was reluctant to sell the company cheaply.

VC companies, on the other hand, do not think that Hillhouse Technology can have a stronger future rate of return, so the price-earnings ratio valuation is very low.

The two are inherently in conflict.

To achieve a Pareto optimal (intermediate microeconomic game theory, Pareto optimality refers to an ideal state of resource allocation) depends on how high the expectations of both parties (their ability to draw pies) are!

Investing in this thing, to put it bluntly, depends on your ability to tell stories and write entrepreneurial essays.

In the eyes of VC, if you can fool me, then I'll vote!

Since you can fool me, then you can definitely fool bigger investors!

In this way, even if this company can't be listed, but I make a little money halfway, the probability of getting off will be very high!

"That's it, I'm a cheerful person, don't say anything else, what do you think of the 70 million offer?" Wang Ji remembered what his friend said, and felt that such an opportunity was indeed rare, so he gritted his teeth, exceeded his psychological expectations, and gave such a price.

Gao Huaijun was overjoyed!

He was actually just a little agitated just now, but he didn't expect Wang Ji to really give such an offer!

With this money, at least in one year, there will not be too much bankruptcy crisis like the previous two years!

And you can also try to make some more difficult products out.

As he said, "There is no problem with the offer, but I have said it first, and I welcome it very much, but I will not guarantee any rights and interests!" Starting from the B round, I will take international capital to prepare for the listing of Hillhouse Technology in the future! ”

"On this point, I would like to state it in advance. Genor Capital will not have any preferential investment rights at that time. ”

The vice president of Jiahe Investment, who was on the side, looked at Gao Huaijun dumbfounded.

It's enough to eat this soft rice to this extent!

This is equivalent to giving me money, you can just watch the play next to you!

It was the first time he had seen such a strong financing customer!

Wang Ji laughed to himself.

He felt weird in his heart, this feeling was as if Jiahe Investment was like a boiling sheep pursuing the goddess, only kneeling and licking.

"It's not a big problem! Mr. Gao, you need my shares to ensure the company's right to speak, and I can sign a partnership agreement with you to act in concert, which can be signed when you buy shares. Does Mr. Gao still have any needs? Wang Ji asked.

"Mr. Wang, your family's family fund needs to control a certain percentage of the shares in this 10% of the shares, not much, but there must be, this ratio, you can control it yourself." Suddenly, Gao Huaijun made a very strange request.

Wang Ji was shocked!

It turns out that his core appeal is here!

No wonder, he is willing to talk about cooperation with Jiahe Investment, a second-rate VC in the market!

"That's fine!" Wang Ji nodded.

He said that he had said this, Gao Huaijun didn't say anything more, and immediately said with a smile, "Next week, I will ask our company's lawyer to contact your company's legal counsel, and then sign an investment contract, Mr. Wang, what do you think?" ”

Wang Ji was a little excited, and blurted out, "After the contract is signed, the money will arrive within seven days!" ”

Gao Huaijun was overjoyed!

Although such investors are not very famous, and they can't help much in the later stage of the B round of leading investment and the preparation of the later pre-IPO, they are still very practical at the current stage.

Moreover, he is also very practical, and his help in certain hidden aspects in the future is self-evident.

Doing business in Huaguo and going it alone, even if you have a golden finger of rebirth information, it won't work.

Unless, you go abroad to open a company.

However, that risk, combined with the unfamiliarity with the local situation, is huge!

"Congratulations! Such a young billionaire! Wang Ji looked up and smiled to shake hands with Gao Huaijun.

"Rejoice! Let's cooperate for a win-win situation in the future! Gao Huaijun said with a smile.

As for Wang Ji, he now wants to make some achievements, and Hillhouse Technology, such a high-potential enterprise, won it like this, and his heart is like a dream.

You must know that his friend's company is twice as large as him, and he sent a message to Gao Huaijun to make an offer, Hillhouse Technology is just polite, and the birds don't bird him!

Now, this goddess is so happy to sign a contract with Jiahe Investment, which is like a dream for him!

O man!

Sometimes it's really just a matter of luck!

Good luck is coming, and I really can't stop it!