Chapter 1765

Lu Yunhao has no substantial entrepreneurial experience.

All his knowledge and understanding of entrepreneurship come from his wishful thinking and a cavity of blood.

He doesn't know the product, technology, operation and capital. He is like a man who doesn't know how to carry a gun and fight, or even how to pull the trigger. Every day, in his mind, he fantasizes that he will fight bravely in the battlefield and build a successful career. His ideal is full, but the reality is extremely bony.

This kind of person, do things say good to listen to a bit is some romantic color, say bad to listen to a bit, it is his Niang is off key.

For example, when other people are doing practical things, they have to open their mouths and shut up to put satellites. They always feel that if they put more satellites, they will succeed.

But the subsequent failure of entrepreneurship has proved a truth to the world. Entrepreneurship depends on doing things, not whimsical ideas and shooting.

Because of no experience and no rules and regulations, Lu Yunhao, who was born in nomozi, made a financing demand that Fang Ping had never seen or heard before.

Sell 80% of the shares in exchange for more angel round investment.

In entrepreneurial projects, the founder's rapid transfer of a large number of shares is a minefield that must not be touched, which has been confirmed by many bloody cases, and has become one of the most concerned issues of entrepreneurs all over the world.

But Lu Yunhao did the opposite.

Give 80% directly and reduce your shares to an extremely dangerous level. It's just a big taboo to start a business.

But Lu Yunhao doesn't care at all. For him, to eat a meal, he may not have to be full, but he must eat well, eat in a good way and have face.

Therefore, he is willing to hand over a large number of shares, but the premise is that this project must be put on the stage, and there is no big problem in making more shares go out. The key is that the initial start-up funds must be enough, and only when there is more money, can there be a big stage and a big move.

Fang Ping and the Wall Street giant behind him didn't want to take so many original shares from the project.

In the eyes of people who don't understand, they may feel that the more shares they own, the better, but Fang Ping is very clear that investors take shares, not the more they take, the better, the more they take, the less responsibility others need to bear.

The ultimate goal of investors is not to work hard to make money, but to let others work hard to make money for themselves.

It's like opening a coal mine. If you own 80% of the shares, you are the owner of the coal mine, not the investor. All kinds of affairs in the coal mine must be dealt with by yourself. It's impossible to get rid of the manager.

If you can hold 30% of the shares, and there is a major shareholder who holds 70% of the shares, you really don't have to worry about anything, give the money, go back and wait for dividends.

There are hundreds of investors in the investment institutions. There may be thousands of projects in their hands. Let alone let them manage all these projects. Even if they manage one, it will be enough for them to have a headache. The investment institutions themselves are not the materials for operation.

They are like a real estate speculation group running around the world. They just want to do the business of buying and selling. As for the tedious process of buying land, building houses and selling, they don't want to participate or can't participate at all.

Therefore, Fang Ping was a bit uncertain. Is it the right thing to invest in Lu Yunhao?

However, in the early hours of the morning in the United States, the big guys on wall street didn't get up, so Fang Ping couldn't report to Wall Street immediately, so he first talked with Lu Yunhao for an afternoon.

In the evening, Fang Ping personally entertained Lu Yunhao for dinner.

At the dinner table, Lu Yunhao has been asking Fang Ping about his investment intention, but Fang Ping didn't give him a clear answer. He just said that he needs to communicate with the US headquarters about relevant matters first, and then inform him of his decision.

As for how long it will take to determine, Fang Ping is unable to give a clear answer.

In the normal process, investment projects need to be taken to the internal investment management meeting of the investment company for a meeting. After the meeting, if the investment intention is determined, then the specific terms and conditions will be discussed with the investee, and the payment will be made after all the processes are completed.

So, it will take more than a week at the fastest.

Slow, three or two months may not be able to fix it.

Lu Yunhao has always been a little hard to ride.

He didn't know whether he should go back to Yanjing to work or wait for IDG news in Shanghai.

If he doesn't get a clear result, he will go back directly. He's a little reluctant. After all, he's ready for the carp to jump into the dragon's gate. It's not known whether he can jump into the dragon's gate now, but he's not willing to let himself go back to that fish pond again.

However, if you continue to wait here, it will be difficult to get a clear reply for a while. If you have been here for a long time, you may be more anxious.

At this time, Fang Ping gave him a suggestion. Tomorrow is Friday. Even if Lu Yunhao goes back, I'm afraid he will delay his work for a day. So instead of that, it's better to stay in the Shanghai stock market for a few days and go back on Sunday.After thinking about it, Lu promised to come down. It really doesn't make sense to go back tomorrow. He just waited until Sunday.

After eating, Fang Ping asked Lu Yunhao to go back to the hotel for a rest, while he himself went back to the office and prepared to hold a video conference with the senior management in the United States to report the situation and progress here.

Just in time, it's morning in the United States. For capitalists, it's the golden time for the start of the day.

At the video conference, Fang Ping told a group of big people in the line what he talked to Lu Yunhao today.

Knowing Lu Yunhao's attitude and ideas, many Wall Street tycoons couldn't help shaking their heads. Some people said, "this Lu Yunhao doesn't seem to understand the operation of the company at all. If you give him 20 million dollars in imagination, you won't really be able to do anything."

"Yes." Some people echoed: "which founder will give 80% of the capital as soon as he comes up in the angel round? This way of playing, after two rounds of financing, he is out of the game! Who will ask for such investment conditions? "

"In my opinion, this guy is just funny! To expect such a person who doesn't understand capital to work against Li Mu is just a fool talking about dreams! "

A bunch of Wall Street tycoons, if you say anything to me, you will lose Lu Yunhao.

But just then, Kurt, CEO of IDG capital, suddenly said, "everyone, we all think Lu Yunhao is a layman in the capital circle, but have you ever thought that Li Mu is also a layman?"

This sentence, let all the participants fall into silence.

CEO Kurt continued: "if Li Mu is really a person who is proficient in capital, he has been with us for a long time. He can help us make money. We can help him to maximize the market value and cash out to the greatest extent. When he has enough cash in his hand, he should shake his body and become a Wall Street capitalist, not just an Internet entrepreneur In this way, he can not only continue to lead in the actual business, but also accumulate capital in the capital circle, and eventually develop into a top capitalist. But what did he finally do? He even treats us as enemies and wants to stand on the opposite side of us. Isn't such a person a layman in the capital circle? "

Everyone nodded after listening.

It's true that Li Mu is not a capitalist at all, but even so, he has made Muye technology and Taobao technology the way they are now.

This proves that a person who does things conscientiously may not be proficient in capital operation, but also be able to do things well.

Kurt then said: "I think although Lu Yunhao doesn't understand capital, he can at least see the situation clearly and has certain influence. Since we can't find a more suitable person for a while, let him try. Now the priority is to move as soon as possible before Li Mu has spread hunger in the whole Chinese range. Otherwise, if this good opportunity is missed, whoever will do it will be impossible to succeed! "

A word awakens the dreamer.

People realized that the key now is not to pick out Lu Yunhao's shortcomings, but to let Lu Yunhao run his business as soon as possible and occupy a pit where Li Mu has not yet touched.

It's not a problem for these Wall Street tycoons to give Lu Yunhao 20 million dollars. The reason why they are tangled is that their thinking mode has always been loyal to the interests, and they are afraid that the 20 million dollars will only be spent with the lunatic in the end.

However, now it seems that the most suitable person for the moment is Lu Yunhao, whose time is too urgent to allow them to think more.

Therefore, we hurriedly adjusted our thinking and began to carry out the subsequent investment planning based on the situation of Lu Yunhao.

People quickly made a decision to invest 20 million dollars in angel investment, accounting for 80% of the shares, and let Lu Yunhao carry out the first phase of work as soon as possible.

If Lu Yunhao does well in the first stage, everyone will continue to invest in Lu Yunhao round a in the second stage. At the same time, as an award, 20% of Lu Yunhao's shares can not be diluted. If Lu Yunhao's performance can satisfy shareholders, his shares can be retained until round B financing.

The reason why Lu Yunhao should take the initiative to give him benefits is to make sure that he has enough shares in his hands. Otherwise, if there is only one digit left in his own hands after several rounds, he is likely to give up at any time.

IDG will take the lead in investing 50% of the 20 million US dollars, and the remaining 50% will be invested by five other Wall Street investment institutions at a 10% ratio, while the next round a, B and C will continue to be invested by these six investment institutions at the ratio of 5:1:1:1:1:1:1:1.

There are two kinds of ultimate ideal results that Wall Street big guys envision:

the first kind is to invest no more than US $300 million in total, and then sell it for no less than US $3 billion. As for the sale of it to Makino technology or other companies, it doesn't matter, the price is higher;

the second kind is to invest no more than US $500 million in total, and then sell it for no less than US $5 billion The market value was listed in the US stock market, and a billion dollar level of huge capital was raised from the US secondary market, and Li Mu continued to fight against him.