Chapter 1096: Thousands (question for a ticket)

Li Yanhong, the rice turtle of the country, worked in the search company of Miguo, the largest search engine company at that time, and invented the super-chain analysis technology, a basic search engine patent technology, and applied for a patent in the country.
He always wanted to be a Chinese search engine company, instead of continuing to work for others. To this end, he has returned to China every year for several years.
Until last year, he found that the time was ripe. It can be seen from the listing of companies such as salary waves on the Nasdaq in the United States. China’s network development is starting to blow up, which is a good opportunity for him to start a business.
So he resolutely returned to China, and pulled up his partner Xu Yong, and then recruited several graduate students from Beijing University, Tsinghua University, etc. What excites them most is that an associate professor of Jingcheng University joined them and became The technical leader of their company.
By the way, the company he founded is called a thousand degrees.
However, their funds are too small. In addition to buying computers and renting hotels, Li Yanhong and Xu Yong don’t have much money left. They still have to pay wages and life for their employees. The professor at the University of Beijing is even more poor. If it is not without funding, it may not join them.
So, at this time they intend to pull a partner.
Originally, Xu Yong meant to be one of the three major portals, such as Salary, NetEco, and Fox. They just listed, have money, and they are also against the company.
After the search engine of their thousand-degree company is online, it can be used for the website to make a profit.
However, Li Yanhong expressed opposition, so that they will easily be merged by those websites. They have seen such a company in Silicon Valley. They have been merged since they have just picked up. It is too far from their dream of starting a business.
Besides, he also has this patent for hyperlink analysis technology. With this basic patent, he is qualified to negotiate with many big ventures.
At this time, he noticed the Taihua Consulting Company, which is advertising overwhelmingly. It is said that the three major portal websites have the VCs of this company and their reputation is very good.
......
"This is your plan? You are Li Yanhong?" Sun Lijie asked as he looked at the plan.
"Correct."
"You are not expected to make money in this plan for three years. Are you wrong?" Sun Lijie asked curiously. Other companies pull the wind, can't wait to tell him, get the VC, the next day will be profitable.
Why is this different? It is expected that it will not be profitable within three years? And this Li Yanhong, the name he is very familiar with, is not the one that Feng always told him to focus on.
Li Yanhong cautiously replied: "I didn't make a mistake. According to our plan, it is really difficult to make a profit in the first three years. We need to invest too much. Not only in research and development, but also in advertising, but after three years, I promise. Just for the auction search, we can get back to us, and there are some ads, etc. We can definitely make a profit."
"You said that you need a hundred million rmb investment, and then you are only willing to give us 49% of the shares?" Sun Lijie sneered.
Your company, if you don't count your patented technology, now it's two million. What is the valuation of your patent?
"Sun Zong, my invention, is the basic invention of a search engine. There is a company called Gu Ge in Miguo. I don't know if you have heard it, and I provide search engine services to Yahoo and other portals. I started to work as an independent search engine website. Many investors are looking forward to the listing of this company, and claim that after the company goes public, the stock price will inevitably exceed 100 billion US dollars!"
"What do you mean, your thousand-dollar company, can you compare with ancient songs?" Sun Lijie asked.
"For the time being, I can't, but I am confident that in the Chinese language alone, the ancient song is definitely not our opponent. Because only the Chinese people know our Chinese in Chinese!"

How many people are there in your company now?

"Ten, count me." Li Yanhong is not very funny.
"According to you, only ten people, the scale is too small. I heard that ancient songs have the idea to enter the Chinese market, when the website uses the ancient song search engine, how do you compete with others?"
"Because the engineers of the ancient songs are mostly in the country of Mi, they are not familiar with the grammatical habits of Chinese. There are certainly many mistakes and omissions in them. And we are all engineers in Huaxia. The speeches are all in Chinese and naturally have more advantages. The most important Yes, we are Chinese companies, should we be protected?"
"One billion rmb investment, I can decide, but your share is too small. I am sure that, besides our company, no one will give you so much investment. We want 70% of the shares, there are The kind of voting rights, which I think is reasonable, you can go back and discuss with your partner."
"General Sun, would you let the company you founded become someone else's?" Li Yanhong asked.
"That depends on the specifics. If the price of the other party is high enough, it is not impossible to sell it. I think you may have heard that the three major portals in China currently have shares in our company. If you accept With our conditions, the search engine services of these three portals can be handed over to your thousand-dollar company." Sun Lijie said easily.
Compared to this point, the three companies will still give it, provided that the technology of this thousand-degree company is good enough. But people with a basic invention patent for search engines should not be too bad.
"General Manager, your conditions are very attractive, but I can't promise. I won't let the company that I worked hard to create, and eventually fall into the hands of others. How do I hear that the majority shareholder of NetEase is Mr. Ding Lei? What?
Li Yanhong refused.
"You don't worry, you may not know. You can go to the company like Salary, Fox, etc., are we inquiring about whether we are involved in the operation of their company? Even we have been helping them. Didn't you find out, salary? The majority shareholder of the company is our company, but the chairman is someone else."
"That won't work, unless it is stated in the contract, the vast majority of you get non-voting stocks." Li Yanhong insisted.
"So what do you think is the appropriate ratio?"
"Thirty percent is not low, and the rest are non-voting stocks." Li Yanhong said.
"Forty-nine percent, you still have the most voting stocks. And I remind you that the longer the delay, the harder it is to develop thousands of degrees. The ancient songs in the country, the development is very fast. By the way You said, the ancient songs also have the investment of the big boss. If we set up a Chinese search engine company with the ancient song as the core, do you think your company can have any good development?"
Li Yanhong has wide eyes, what does he say, his big boss, and also participated in the investment of ancient songs? Is Feng Yu still a shareholder of ancient songs?
As a result, it seems that his patented technology is not too great. Others can open it and do the same.
Li Yanhong bite his teeth: "Well, forty-nine percent of the voting rights are given to you, a total of 70% of the shares, when can we invest?"
Sun Lijie said with a smile: "A signed contract will be available on the same day!"
... (to be continued.)