A day later, Blackstone held a news conference and announced that it would invest US $7.5 million in Genesis network, the hottest emerging Internet enterprise in the United States, and Genesis network would pay Blackstone 10% equity accordingly.
Once the news broke out, it immediately shocked the whole silicon valley and wall street. Although the rising speed of Genesis network is unprecedented, almost all the mainstream venture capital institutions remain on the sidelines because of the market prospect of data processing software. At the height of the storm, Blackstone suddenly hit hard, which caught everyone unprepared. The key is that it really hit hard. It bought 10% shares of Chuangshi network at a high price of US $7.5 million. This is consistent with Eric's proposal to Edward for a share of $15 million
20%.
This means that the value of Genesis network has exceeded 75 million US dollars in an instant.
At this press conference, Michael also explained in detail why he invested in Chuangshi network according to what he had agreed with mu Chenhao.
"I think our cooperation with Chuangshi network will be a win-win cooperation. As one of the largest investment institutions in the United States, Blackstone fund urgently needs to solve the problems of user stickiness and data processing efficiency." "As we all know, almost every five people in the United States will use Blackstone's services, and the daily amount of data processing is huge. And Chuangshi network can help us relieve the pressure of data processing and improve our processing efficiency. We are also ready to open up Blackstone fund and Chuangshi network
account association service. " Hearing this explanation, Edward slapped his thigh hard. He knows that Blackstone, his old rival, really needs the software provided by Chuangshi network to improve his user stickiness. Most of Blackstone's revenue comes from advertising, and the number of effective users is crucial
.
But even so, the valuation is a bit crazy. Edward stubbornly thinks that Michael is not wise. He completely forgot that his initial psychological bottom line was actually consistent with Michael's. However, this craziness has not ended. To Mu Chenhao's surprise, just one day after mu Chenhao announced the initial success of the current financing, that is, the day after Blackstone Fund announced its investment in Chuangshi network, seven investment institutions on Wall Street also announced their investment in the newly established high-tech company
top technology, with a total investment of more than $100 million.
This investment will be used to build a robot management and maintenance center in the United States by top technology. As a high-tech company, top technology's main project is high-performance robots. Before it is put into production, it has obtained a valuation of more than 500 million.
For a moment, the whole venture capital circle is boiling, and almost everyone thinks that the spring of Internet investment and high-tech has come.
In this case, Michael, as one of the best businessmen in Silicon Valley, how can he not add a fire? He immediately announced that Blackstone foundation immediately launched its own intelligent investment robot project, and jointly announced the launch of Blackstone foundation high-tech credit card, which has been prepared for a long time, together with visa. This kind of credit card will be more convenient for robot payment. The connection between the accounts of Chuangshi network and Blackstone fund
will be completed within one month.
All of a sudden, the whole silicon valley began to surge, and countless investment institutions were looking for investment opportunities, thinking that the big era had come.
Chuangshi network, as the most popular start-up project recently, and focusing on data processing software, will make great achievements in the era of high-tech robots in the later stage, so it will soon become a piece of fat in the eyes of investment institutions again.
In just two days, IDG, Blackstone and other venture capital institutions threw an olive branch to Chuangshi network one after another, which mu Chenhao didn't expect, so he was also a little stunned. In fact, mu Chenhao originally just wanted to play a double reed with Michael. Michael's actual purchase price was only $2.5 million, and Michael would first pay $7.5 million to Chuangshi network. After completing the investment, mu Chenhao would return $5 million to Blackstone fund by way of cooperation, or
pay $7.5 million to Michael in batches to buy back 10% of the shares.
In fact, the original purpose is to attract Sequoia Capital into the hub. Of course, this kind of things behind the scenes can only be done in secret, but it's not good to say it openly.
Seeing this, Edward really began to be a little worried, but he couldn't swallow it, so he contacted Eric and Goldie Parker privately.
Although Eric is a little excited, Gaudi Parker's opinion is very firm. Let Edward and mu Chenhao talk about it, saying that the three of them have fully entrusted mu Chenhao to deal with the financing. Eric sees this, considering that he has only 20% of the shares, he can only give up.
Edward sighed, had to harden the scalp to contact mu Chenhao, his heart side secretly scold at the same time, finally began to understand why mu Chenhao dare to do this to him.
But Edward also had some admiration in his heart, and even secretly guessed whether mu Chenhao had internal information about Wall Street. Otherwise, how could it be so coincidental that after Hao did not hesitate to refuse Sequoia Capital's investment, the super bomb of top technology appeared. ?
after the phone rang twice, mu Chenhao's magnetic voice came from the microphone. Edward pretended to be enthusiastic and said, "thank God, Mr. mu, you finally answered the phone."Today, mu Chenhao is in a very good mood. He is lying on Xia qingkong's lap eating chelizi. He lazily replies, "it's Mr. Edward. What's the matter?"
Edward's heart at this time, there are 10000 grass and mud horses whistling by. Since he worked for Sequoia Capital, only Michael, the fool, would be so rude to himself. Now there is another Chinese youth who doesn't know the greatness of heaven and earth. Edward shook his head and then said with a hearty smile, "Mr. mu, before we finished last time, Sequoia Capital decided to invest in Genesis network. Originally, the Committee approved a 20% stake of $7 million. But I found that we still underestimated the potential of Chuangshi network, so I specially submitted an application to the Commission to adjust the investment amount to 20% of the shares of US $10 million! "
Mu Chenhao sneered, and then said, "Mr. Edward, I suggest you quit your assistant as soon as possible. She didn't tell you that we just got the $7.5 million investment of Blackstone fund, and didn't say that we only gave up 10% of the shares of Blackstone fund." Edward sneered twice and then said, "Mr. mu, I know about this, but you have to understand that Sequoia Capital is different. If Chuangshi network accepts our investment, we will help Chuangshi network grow in an all-round way. Sequoia Capital has a strong relationship in the high-tech field, which can bring you more added value. " ?