Chapter 841

Sitting on the plane back to Yanjing, Li Mu has been thinking about Zhao Xianliang's suggestions and reminders.

Before talking with Zhao Xianliang, Li Mu always had a slightly forced "ambition": Muye technology will not raise funds after round B, and will directly look for opportunities to go to the United States for listing, but now think about it, this idea is really naive at the capital level.

Listing is really attractive, but the number of times of financing before listing is small, which has no real impact on the basic results of listing, and has no practical significance. Choosing less financing is equivalent to adding difficulty to the game. After passing the customs, you can not get any additional rewards. At most, you can get a sentence from other people: "I'm so awesome!"

In the last life, many Internet companies in China have been developing very fast. There are too many financing rounds. Niubi enterprises can finance three rounds a year, one round at the beginning of new year's day, one round in the middle of the year, and one round at the end of the year. Such a fast financing is like a fighter continuing to open the afterburner to increase its power. The fuel consumption rate is very fast, so the frequency of fuel replenishment is very high, but the biggest one is good At last, the company pursues higher market value and higher market share.

At present, the domestic Internet industry is still a pile of small saplings, and it is the one that grows stronger among them. However, if you think about it carefully, you must not despise the small saplings one by one, because most of them have strong capital relations behind them, and without exception, they are all overseas capital.

Li Mu doesn't have a cooperative overseas capital at present. If he wants to open up the overseas market in the future, how many detours will he have to take if he doesn't have a traitor to lead and open the door? Think again, if you have a strong overseas capital relationship, once you want to enter the overseas market, these profit-making investment banks will do everything to help you capture the city and land, which must be very cool.

Moreover, as Zhao Xianliang said, capital is not only a matter of money. Capital is a powerful ally. It can not only provide guns and ammunition, but also provide the firepower support of the trinity of land, sea and air. In the future, there will be some tough battles to fight. If we look for allies before the war, we may be in a hurry.

After thinking about this layer, Li Mu would like to go back to systematically study and discuss the planning of enterprise financing, not only Muye technology, but also Taobao + Taobao logistics.

Taobao now has book profits. That's because it first arrived at the battlefield, and the enemy was still buying equipment from its own blood spring. For a while and a half, it would not have been killed. Once the fighting of e-commerce officially started, the mode of burning money would have to be started quickly. Otherwise, how to deal with the invasion of so many domestic entrepreneurs, as well as overseas capital and enterprises?

And Taobao logistics is now entering the stage of large-scale procurement. Various purchase orders are placed continuously. Liu Qidong is also actively promoting the construction of six logistics and storage bases in the country. The volume of 500 million yuan is also gradually giving a variety of meals. In addition, the investigation team of Taobao school to Germany has also established with German Berman through showing off wealth and throwing money It's a question of money whether to adopt Berman's solution of automatic sorting and automatic warehousing after all.

In fact, the Internet industry plays with capital to a great extent. It even uses the capital to do magic. It puts a billion yuan in front of the audience and a fire. When the ashes are all over the sky, the magician will ring his fingers. This pile of ashes may become a billion yuan in front of the audience.

Instagram has been online for a year and a half and sold for a billion dollars. As a reborn person, Li Mu has so many advanced products and operation thinking to make this business, but at present, the real cash in hand is very little.

Although the valuation is high, it is only an empty number without finding capital to take over.

Since the industry is spreading that the valuation of Muye technology is over 10 billion, it's better to melt a C round and transfer some shares with the valuation of over 10 billion, so that the rumor of over 10 billion valuation is completely true!

……

So, the next day after returning to Yanjing, Li Mu came to Muye technology. Before he arrived, he had Lin Qingya gather the core team in the conference room to prepare for the meeting.

For the core team members of Muye technology, Li Mu disappeared for two consecutive days on Monday and Tuesday, which is very rare. Usually, even if Li Mu is busy again, he will take time to come here on Monday and Tuesday every week, even in the evening, but it has been two days since this week, and he has not appeared once.

When Li Mu came to Muye technology, all members of the core team had been waiting in the conference room. They intuitively thought that Li Mu had disappeared for two days and had to convene a meeting before he appeared, which should be a very important event.

Sure enough, Li Mu went into the conference room and said hello to you. The first sentence was: "today, I'm so anxious to let you come to the meeting. In fact, there is a decision of great importance that needs your help and reference."

Everyone looked at Li Mu and held their breath.

Li Mu gave a little pause, slightly adjusted, and said, "I am considering whether to start the c-round financing of Muye technology. What's your opinion on this decision?"

Li Mu's words can be said to arouse thousands of waves.

Financing? For any company, no one will refuse to raise money except the boss and the major shareholders.For the company, financing means that more money comes in. All the key managers of the company are sitting here, which is equivalent to the generals of Muye technology. They naturally want to expand their military strength, have more soldiers and more advanced weapons and equipment, attack bigger opponents and fight bigger battles. After all, it's slow to recruit troops and buy horses step by step. Financing is like breathing in one breath By injecting a wave of mercenaries, the entity can be promoted rapidly.

In addition, financing is also an opportunity for these core leaders to cash out.

They only have a small number of options. These options have not been cashed out. According to Li Mu, the core team with options can cash out one third of them every year. For example, Kong Lingyu and Lin Qingya, they can cash out their shares first this year. If capital comes in, they will update the company's valuation, and then if they have the will to cash out, The company can naturally let them set up part of the cash.

So, on the whole, the core team has no reason to refuse financing.

Although I am very approbated of financing, the core team is still very surprised. Li Mu said before, after round B, it will no longer be financed? You are still waiting for him to lead you to a bull chase after the B round of direct listing. Unexpectedly, he began to consider financing.

Li Mu asked everyone to express their opinions freely, and Lin Qingya asked the question in everyone's mind: "President Li, why do you suddenly start round C financing now? With the current scale of Muye technology, the situation of product operation and our influence in China's Internet industry, even if we launch NASDAQ listing now, it is not very difficult. Looking at Chinanet, Sina, Netease and Sohu, we are much better than them in terms of product scale and revenue scale. "

Li Mu shrugged his shoulders and said helplessly, "Qingya, you are right. If we want to go to NASDAQ to ring the bell now, it will not be long before we can really stand in front of the NASDAQ clock, but we can't ignore a problem."

With that, Li Mu sighed and said, "if we start the listing rhythm now, no one will endorse us in the American capital market."

The endorsement theory is not popular now. For a while, you may not understand the meaning of Li Mu's words.

Li Mu, seeing that everyone was puzzled, explained in depth: "endorsement, to be frank, is to narrate our situation to others like reciting the text, including how powerful we are and how potential we have, which is equivalent to marketing."

"There are many factors for reference in the capital market, and the book data is just one of them. However, the market prospect and development potential cannot be effectively reflected by the book data. This year, I made a million in the book. I believe that I can make two million next year at most. But if I say that I can make 20 million or even two billion next year, will the capital market believe it?"? ”

silence.

Li Mu said, "look at your expression, you should not believe it."

Everyone nodded.

words alone are no proof. How large can a bubble be blown up? Can it be seen only by looking at the vital capacity? Of course not.

Vital capacity is only a minimum reference standard. However, everyone knows that the bubbles blown by vital capacity alone are not big enough. But in case of a gust of wind, it may be possible to blow a bigger bubble than people, but the latter obviously can't make people believe by boasting. Who will believe it? Zhu Geliang is such a powerful figure. He said he could borrow Dongfeng. Who really believed him when the wind didn't come?

At this time, Li Mu said: "if we first have a purpose to find a powerful investment bank to cooperate with from the US capital market, after the C round, the listing doesn't need us to find people everywhere in the US who are not familiar with life to boast. Relying on the endorsement of the investment banks we cooperate with, we can get the recognition of the capital market, and then the listing should be water To the canal has become, so today we want to discuss the key is: in the end with the capital to play? "

You have basically understood Li Mu's intention, and Ding Zhenglin, the ox man he dug from Sequoia Capital, said excitedly at this time: "Mr. Li, if we really start round C financing, there will be a large number of investment banks swarming with cash, and then you need to consider who's money."

Li Mu said with a smile, "laoding, you are from Sequoia. What do you think if we take the money from Sequoia?"

"I think Sequoia is the best choice right now for three reasons," Ding said seriously

"First, Sequoia has the longest history of development in China. It not only understands the situation of the Internet industry in China, but also invests in a number of Chinese Internet enterprises with sufficient experience."

"second, Sequoia is the most top-level venture capital organization directly in the United States, and has a strong influence in the world, of which the United States is the one with the greatest influence We have cooperated with Sequoia, and with its capital operation ability, in the future our listing in the United States will surely get the biggest recognition from the securities companies and achieve the best effect; "br >

" third, the eyes of Sequoia Huaxia have been chasing you, not only for Makino technology, but also Taobao. Even now, they have been contacting me to ask about our recent financing plan. "