Chapter 796: Venture Capital Quote

When Li Dong and Chen Lang finished talking, the headmaster of Jiang University, who had never appeared, finally appeared.
To be able to achieve the level of President Jiang University, I have to say that the other side's abilities are first-rate.
Li Dong talked privately with Chen Lang, obviously there are important things to talk about.
The two doves occupy the magpie's nest, and the president of Jiang University did not mind, but gave them plenty of time to talk.
After the two of them walked out of the lounge, President Jiang University smiled and said: "It's Professor Chen's face, but I invited Li Dong several times, but the results were rejected, and it was really sad. As soon as Li Dong arrived, hey ... "
Although the other party said this in a joke situation, Li Dong quickly handed over and told Rao: "The principal's words poke my heart. I refused, but I was timid.
You asked me to give you a lecture. I am a student myself. How can I have this ability?
Do n’t look at me, it ’s okay now, but it ’s all wrong. It ’s really more than theory. You and Dean Huang have thrown me more than ten streets. "
"Hahaha, you see, you are humble again. You can be the richest man in Jiangbei by mistake or by mistake, then we people are really alive."
President Jiang University made a joke, but did not focus on this matter.
However, Li Dong himself mentioned: "Next time, next time I have the opportunity, I will definitely come to Jiang University to talk with my younger students.
In fact, in the past few years, I am also very confused, growing up in constant exploration.
When I feel like I'm out of the way, I can share my thoughts over the past few years with my schoolmates and girls. "
As soon as the principal heard it, his eyes lit up: "This is what you said, and it won't be too far next time. The teacher hopes to give the teachers and classmates a good lesson as a Jiang University student before you graduate. How? "
Before graduation, naturally before this time next year.
Jiang Da is willing to wait, because in the eyes of Master Jiang, the more glorious Li Dong is in a day.
By this time next year, Li Dong may achieve even greater achievements.
At that time, Li Dong came to the school as a student and gave a lecture without knowing how much influence he could bring.
Li Dong did not refuse, but nodded with a smile: "I also look forward to that day as soon as possible."
What he expected was not a speech.
Instead, at that time, he was willing to come to Jiangda to show that the distance had already gone his own way.
Although the strength in the distance is not weak now, the foundation is too shallow, and some things are in the embryonic stage.
Only on the day of growth, Li Dong felt that he had something to say.
Li Dong agreed to the matter, and both parties were immediately rejoicing.
President Jiang University warmly retained the two of them, but Li Dong and Chen Lang both had trouble. They did not have time to eat with everyone.
In the end, Li Dong and Chen Lang each boarded the car and left with the farewell of the school leaders.
It wasn't until they left that the principal said softly, "Fortunately, Jiang Da!"
Everyone besides listened to their own thoughts, which obviously said Li Dong.
In fact, there are many talented people from Jiangda University in recent years, and even a large number of provincial committee members.
However, few people like Li Dong have brought such great influence to Jiang University. Those officials and academicians may have achieved great success in their respective fields, but their field is still little known.
Even Chen Lang, if not a person in the industry, knew few of him.
Li Dong alone set off as a businessman.
As Li Dong's career grows bigger and bigger, this influence will also increase.
The leaders of the school have a hunch that for a long time in the future, I am afraid that it will be difficult for Jiang Da to have another character like Li Dong.
...
At 9 am on September 3, Weibo went live.
At 10 o'clock, Weibo registered users exceed the 100,000 mark!
At 12 o'clock, more than 300,000 users!
Weibo went live and thundered the entire network with thunderous speed.
The blog systems of the major portal sites have been suddenly hit. This short, entertaining, and fast-paced Weibo is more popular with the public than blogs.
The people facing blogs are always limited, and most of the users are mainly people with high knowledge levels.
Unlike Weibo, he is fast-paced and can be played by anyone at will.
Selling a cute, one-sentence theme, basking in a beautiful photo, no one will say anything on Weibo, even remote CEOs can sell cute, they do n’t have to worry about it.
But blogs are different, you have to work hard to find a way to write something "high-level" before it will be sought after.
As for Weibo, as long as you have enough friends and enough retweets, no matter what the topic is, you may be on the hot search.
This sense of participation cannot be given by bloggers.
Moreover, it took a year to develop Weibo from development to launch, and the ultimate user experience is also one of the reasons why it is sought after by the public.
Not as rigid as blogs and spaces, and more open, blogs are naturally not rivals.
No. 3 is just the beginning. On this day, what attracted people's attention was Li Dong's cuteness, Weibo launch, and star entry.
By the evening of the 4th, Weibo was completely on fire!
In the judgment of the Peng Yu case, Li Dong released the case news for the first time, and then the major stars followed up and forwarded ...
When it was late at night, there were more and more people discussing.
Many people on the forum were also discussing, but the forum was not very open at this time. There were so many people chatting and the circle was too small.
With a small circle, there are naturally fewer opinions, and the enthusiasm is not high enough.
Weibo is the place where the event originated. There are many people discussing, paying more attention to and commenting more, which can more stimulate the enthusiasm of the public to participate.
In this case, there is no need to propagate and direct the drainage from afar, but the spread of the respective circles, and soon Weibo ushered in an explosive growth.
On the morning of the 5th, Weibo registered users exceeded 3 million.
And only 4 hours apart, at 12 noon, registered users exceeded 5 million.
As the number of people continues to increase, all the stars who have not taken it seriously have also joined in independently, and the entire social media field has shaken.
...
The fire on Weibo has also attracted the attention of many people.
Major Internet companies are paying attention, and major portals are stepping up their time to study how to share a slice.
Apart from these people, the most concerned are those investment institutions.
From afar, financing has started. At this time, the hotter Weibo has, the greater its influence, and there are pros and cons for them.
The benefit is naturally that Weibo has become popular, which can drive other industries under the Far East Group.
But because Weibo became popular, there was an error in their assessment of the Far East Group. This gap is obvious.
The Internet industry sometimes does not look at the specific value, but the future development space and appreciation space.
...
On September 6th, Yuanfang received the first quotation from a venture capital institution!
Sequoia Capital started the first shot of financing.
The other party gave a valuation of US $ 1.2 billion to the three industries of Yuanfang Mall, PP, and Weibo, and a valuation of US $ 1 billion to Yuanfang Logistics.
The two add up to US $ 2.2 billion.
This valuation, at this time, is definitely not low in the field of venture capital, converted into RMB, more than 17 billion yuan.
In fact, these VC / PE institutions rarely raise funds similar to the logistics industry.
However, the distance is different, the distance logistics system, and the distance mall can achieve auxiliary effects, and the value generated far exceeds the result of 1 + 1 equal to 2.
And the first round of quotation opened this price tag, indicating that there is room for improvement in the later period, everyone still has to talk about it.
As soon as this letter of intent arrived, the Yuanfang Group was silent.
Slap!
Slap your face thoroughly!
Those beaten include the top executives of Yuanfang Group, including Yuan Chengdao and Wu Shengnan.
The expected value they gave earlier was surpassed in the first round.
More than 17 billion yuan, if we talk about it, 20 billion yuan is nothing.
Immediately afterwards, the second company to offer a price is also a well-known institution-IDG.
The reason why these large venture capital institutions are able to make quotations so quickly is because they have paid attention to the distant places and have done some investigation and understanding of the distant places.
In the past, if there were no open financing channels in the distance, it would be useless for them to come up with money.
But at this time, the channel was opened from afar, and these institutions naturally gave a rough estimate immediately.
Compared to Sequoia's conservatism, IDG seems to be more optimistic about the distance.
The other party separately valued the properties of Yuanfang Mall, which is 800 million US dollars, PP 500 million US dollars, Wanhuan 200 million US dollars, Weibo 100 million US dollars ...
In the online industry alone, the other party gave a valuation of US $ 1.6 billion.
As for logistics, the other party also gave a valuation, but IDG here means that if logistics is financed separately, the valuation will not be too high, which is even lower than the price code given by Sequoia, up to about 500 million US dollars.
But if it is bundled with a distant mall, this price will be high, with a total quotation of 2.5 billion US dollars.
2.5 billion US dollars, more than 20 billion yuan!
For a time, everyone shook up. Can these foreigners spend too much money?
Only the first round dared to offer more than 20 billion price tags, which is too high.
The total investment of the industries under the Faraway Mall, including logistics, is only tens of billions.
It's only been a year, and this has doubled?
Especially for the online one, Yuanyuan Group's investment in malls and PP is not too large, probably between 3 billion.
According to the price given by IDG, these items alone have exceeded 10 billion yuan, which has quadrupled in about a year. This rate of return is not really high.
...
The layman was shocked, but the Internet community shook his head.
These capital institutions are obviously bullying far from knowing how to do it, and the lack of money has given such a low quotation.
What a joke!
So many industries under Faraway Mall are only worth 20 billions of dollars?
Separately, the highest quotations given by the remote mall, PP, Weibo, and Wantong are only 1.6 billion US dollars. What if the Chinese have never seen the money?
These things from a distance add up, and dare not say that it exceeds Tencent, but the gap should not be too large.
The current market value of Tencent is more than 10 billion US dollars.
The distance here is still in the development stage, and this stage has already reached this point. It is not a surprise that it will continue to grow in the future.
Especially after the last e-commerce battle, the distance surpassed Taobao for a short period of time, which made everyone see the potential of the distance mall.
Not surprisingly, even if the remote mall is beyond Taobao, it is still possible to achieve the same scale.
It was only then that a valuation of US $ 1.6 billion was given, which is a joke.
It will not take two or three years for the remote mall to go public, and according to the current market, the market value should reach 10 billion US dollars.
This is a foreseeable future and a predictable return.
Venture capital naturally represents venture capital.
In this case, the valuation should be higher. Ten billion dollars is just the starting point. After deducting their predetermined returns, it is not a loss to report more than three billion dollars.
As a result, a quotation of US $ 1.6 billion was given, which is obviously because the capital institutions are too conservative and cautious.
...
What they can think of, Li Dong can naturally think of.
Yuanfang Building.
Seeing Yuan Chengdao saying nothing, Li Dongtan smiled and said, "What's wrong, have nothing to say?"
"Yes, after all, the price is too high, and it should be accepted by everyone."
Li Dong's words came out, and many people looked a little strange.
This is ridiculed, the boss is really careful enough.
Everyone is unfamiliar with the Internet industry. Who knows those institutions will give such a high valuation.
One face slap is enough, and now the boss is still playing face-to-face, which is too much.
As if knowing their thoughts, Li Dong sullenly said, "I'm not interested in hitting your face! Again, if we all despise ourselves, who can deserve us!
Dare to shout out one million to others worth one hundred dollars!
What about us?
Do you dare?
You dare not!
A thing worth one hundred dollars, when you get it, it is one hundred dollars.
There are many billions of dollars in your eyes, and it is the same in the eyes of others.
And this is the overall price, not the money for financing. Is the valuation of more than one billion US dollars high?
Not high at all!
Another thing you should pay attention to is that these VCs are only money, no channel influence, no technology sharing, only money, and the depreciation rate of money is the fastest. Do you understand?
There is no other added value for venture capital, so the quotation for them should be higher.
If companies such as Ali and Tencent offer us a lower price, it is normal, because we need their additional influence, their channel expansion, their technology, and everything they need.
No venture capital!
I don't want to say more about these nonsense, I just remind you not to be dazed by the billion-dollar quotation.
If the price is too low, I would prefer not to raise funds, and I do n’t want to let people go.
Mr. Yuan! "
Yuan Chengdao responded hurriedly: "Zong Li is assured that we must pay attention to this time and we will immediately contact a professional institution to re-evaluate us for a price.
In the past, we were laymen and almost caused heavy losses. This is my responsibility. I gave a wrong assessment without rigorous inspection and analysis, which affected everyone. "
Li Dong waved his hand and said: "I'm not looking for responsibility, after all, nothing happened. I just remind you, meditate!
Recently, many people are a little impetuous. I am not just referring to individuals, including myself.
Because of cash flow problems, everyone has something in their hearts and it is difficult to calm down.
This has something to do with me. After all, the group is empty, and everyone can't be sure.
But if you can't keep it steady, you have to stabilize it at this time. I will find a way to solve the problem of money. You don't need to care about these things, and don't rush to make quick gains.
When I think of financing, billions of tens of billions of funds can be credited to the account, one by one.
How easy is the money from investment institutions?
They are more usurable than usury, you have to remember this.
Less than a last resort, less than the last moment, and less time to support, how many companies want to finance?
When we have not reached the end of the road, we have to talk slowly and talk slowly. After this critical period, we have the initiative. "
Everyone nodded hurriedly, Li Dong said their hearts.
During this time, everyone is a little irritable. If you are not in a hurry, your cash flow will be exhausted. Could you not worry?
Once something goes wrong, the entire group is affected.
If this is the case, the group can't stand it anymore, they have the heart to die.
Seeing that they all listened in, Li Dong eased his tone: "As for money, I think there will be a solution soon. The plan for Xinqiao Airport has come down, and the plan for the high-tech zone has come down. At that time, we were not without confidence.
The land in the western urban area is appreciating at a rate visible to the naked eye.
At this time, whether it is sold or mortgaged to the bank, there are still billions.
At that time, I will talk to President Wang of Pengfei, borrowing for a period of time is not a big problem.
The other is the Yuanfang Building, Yuanfang Plaza, Greenland Building ...
These fixed industries are all high-quality industries ~ EbookFREE.me ~ mortgaged to bank loans, lending a billion or two billion is not a problem.
In addition, in the remote logistics park, the government once promised us that it would provide us with a loan of 1 billion. We have not yet applied for it.
Money owed to banks is easier than financing.
Lin Lin came down, and when it was necessary, we had a source of funds, so everyone put their hearts back in their stomachs. "
Speaking of which, Li Dong exhaled: "Today I said so much ..."
As soon as he finished speaking, the phone rang suddenly.
After glancing at the caller's number, Li Dong's eyes moved and the call was connected.
The person over the phone didn't say much, and the tone was a bit complicated: "I agree, I will go through the formalities as soon as possible and give me some time."
"it is good!"
Li Dongzhong returned the sentence, and then he hung up the phone.
As soon as the phone hung up, a smile appeared on Li Dong's face.
It's done!
Chen Lang finally chose a distance. In fact, Li Dong felt it when Chen Lang talked to him about his ideals.
Money, rights, and ideals are all satisfied. What else is he not satisfied with?
What China Resources can give him, Li Dong can give him, double to him.
After all, the feeling of the enterprise is not comparable to the feeling of the family. This kind of feeling can be measured by value.
After exhaling for a long time, Li Dong looked at everyone and smiled: "After the meeting, Mr. Yuan and Mr. Sun stay."
Waiting for the others to leave, Li Dong said with joy: "Chen Lang agreed!"
"it is good!"
Yuan Chengdao also showed a happy face, and quickly said: "Congratulations to President Li, add another hero! With this trade-off, China Resources lost an arm, and then we can touch the tiger's butt."
Sun Tao's face was a little complicated, but he soon smiled and said: "It is indeed a happy event, and it is worth celebrating!"