Chapter 7: : Venture Capital Institution

　　 Chapter 7: Venture Capital Institutions
　　 There was a long silence on the phone. Ren Hong must know the truth about Cai's heart. XlouS is obviously a piece of fat, a big piece of fat. It is unbelievable to say that no one is unmoved.
　　 The business prospects of this application are self-evident.
　　 "The school will respect your personal choice, work hard, remember that everything must be down to earth, and must not be impetuous and profitable." Director Yu said solemnly.
　　 "I will remember! Thank you for your concern, Director." Ren Hong responded sincerely.
　　 "Hehe. Say hello to you first, IDG Technology Venture Capital Fund has obtained your company's address from the school, and it should be rushing to you now." Director Yu said on the phone with a smile.
　　 "I see, thank you Director Yu." Ren Hong responded.
　　 In the academic affairs office of the department, Director Yu finished hanging up the phone and muttered to himself: "It seems that it's going to be lively these days." He chuckled and plunged into his work.
　　 Ren Hong returned to the classroom and continued to arrange work. Zhou Hui said when Ren Hong came back, "Boss, the traffic on the official website is rising rapidly. We need more servers to ease the pressure."
"Yeah! I know, then plan to rent a few more servers. After this period of time, I believe we will be able to purchase servers soon." Ren Hong thought for a while and looked at Chen Kai: "Relevant patents must be prepared. This thing cannot be sloppy."
　　 "Don't worry." Chen Kai patted his chest and said.
　　 Ren Hong nodded, the company is currently running smoothly. However, a few minutes later, classroom 317 welcomed guests for the first time.
　　 Two formal men and women came here.
　　 "Excuse me! Is this the office address of XlouS?" The man among them knocked on the door and said outside.
"Yes, that's right." Ren Hong put aside his work and got up to greet him. He looked back at Zhang Han and others: "You can work." After all, he walked to the door of the classroom and looked at the man and the woman. Not surprisingly, these two people are IDG investment funds.
　　 Sure enough, the man among them smiled and said: "Hello! We are the head of IDG Technology Venture Capital Fund Northeast Asia. My name is Li Taosheng. The person in charge of XlouS company is..."
　　 "I am the founder of XlouS, Ren Hong." Ren Hong said. He is no stranger to IDG Technology Venture Capital Fund. This venture capital institution, established in 1992, is one of the first international investment institutions to enter China. Up to now, IDG Venture Capital has invested in more than 300 outstanding companies in China.
　　 Well-known Internet companies such as Baidu, Sohu, Tencent, Ctrip, Qihoo 360 and other companies have invested in it. More than 70 invested companies were successfully listed or merged.
　　 IDG Capital’s investment targets China’s emerging industries, including the Internet, mobile Internet, software, new media, consumer goods and services, medical and health, clean energy and other fields.
　　 This time, XlouS was clearly spotted.
Li Taosheng was immediately overjoyed when he heard the other party’s answer,
Fortunately, Mr. Ren is indeed young and promising, and he has designed such excellent software before graduation.
After boasting, Li Taosheng said his own. From: "Presumably Mr. Ren has already guessed our intention. After learning about it, IDG Investment Fund is very optimistic about your company's products. Seeing that Mr. Ren is a college student entrepreneur, there must be a shortage of funds. IDG Ventures hopes to invest in your company. What do you think, sir?"
Ren Hong was silent for a moment, and looked at the other party. There is no such thing as the excitement of the so-called investment institution handing over the banknotes. Even though he is a 19-year-old sophomore, he is like a calm middle-aged man. Calmly said: "The company is indeed facing urgently needed funds for expansion. I wonder how you invest in us?"
Li Taosheng was a little surprised by Ren Hong’s performance. Hearing the answer, he immediately looked at him with a smile and said tentatively:
IDG is preparing to raise $60 million in your company, accounting for 49% of the shares. IDG valued XlouS at 1.2 Billion dollars, so..."
　　 Li Taosheng was talking smoothly, Ren Hong always listened calmly. When he heard that he wanted nearly half of XlouS's shares for 60 million, Ren Hong turned around on the spot.
Snapped!
There was an alarm, and the door was closed tightly. Li Taosheng was taken aback, and his assistant was at a loss. He only heard a slight and cold voice from inside: "XlouS has no plans to raise funds at the moment! Please come back. "
　　 Li Taosheng reacted, knocked on the door immediately, and said eagerly: "Mr. Ren! If you feel wrong, you can talk about everything! Mr. Ren! Mr. Ren!"
　　 "What's the matter?" Zhang Han watched Ren Hong return to his desk with an angry expression.
"Venture investor." Ren Hong said uncomfortably, "Marler is a butt. 60 million dollars is like asking me for 49% of the original stock. I really think I am a code farmer with his brain full of codes? Irritating."
In Ren Hong’s mind, XlouS is priceless. The launch of instant online translation is only his first step, and it is this first step that XlouS can rank among the top ten Chinese Internet companies with this product. This is his The most conservative valuation.
　　 "120 million! U.S. dollars! Astronomical figures! Haha!" Ren Hong thought about it and laughed.
"I said Ren Hong. Fortunately, the other party is also a venture capital company. Our company can't move forward like this. It needs funds to promote it. Even though we all know the value of real-time online translation." Chen Kai looked at the door and was still knocking. The door, UU Reading www.uukanshu.com said.
Ren Hong looked at a few roommates. He stretched out a finger and his voice was loud, but he was not afraid of being heard by outsiders, "First, it's VCs that are coming to us now, not we are looking for them to invest." He stretched out A second finger was raised, "Secondly, the first product under XlouS has no competitors in the market. I can presume to say that this technology will only be XlouS in the next ten to fifteen years." Everyone watched him stretch out. The third finger, "Third, I didn't think about venture capital since the company was founded." He stretched out the fourth finger. "Fourth, someone will send us a lot of dollars and help us promote it." Finally He said: "XlouS is a great high-tech company, and he not only insulted my IQ, but also tarnished XlouS and real-time online translation, which is unbearable."
　　 The five roommates looked at Ren Hong for a moment, at a loss.
　　 "What the is the domineering side leakage, I almost fainted." Zhang Han looked at Ren Hong with intoxication.
　　 "Fuck, don't do this, if this goes on, your kid will be if you don't become a pseudonym!" Zhou Hui looked at him with disgust.
　　 "By the way, you said that someone will help us promote and give us money, what do you mean?" Chen Kai said curiously, this sentence also made others curious.
Ren Hong smiled slightly and said, "Our thinking is different from that of foreigners. The thinking of foreigners is that a product must first consider competitiveness and competitors. But we are not, and XlouS is not. Why do we have competitors when we make products? The opponent, that is ourselves, our company's ability to innovate!"
　　 (to be continued...)
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