And Sequoia Capital is Toutiao Technology, the institution that led the investment in this round.
? Out of the 1 billion financing quota, they alone accounted for 700 million.
The remaining 300 million quota is divided among several other small and medium-sized institutions.
This was originally something that was almost settled. As a result, unexpectedly, Sequoia suddenly changed its mind! This caught Toutiao Technology off guard.
Seeing Zhang Wanhao¡¯s gloomy face, the director of the investment strategy department said, ¡°Sequoia let us go this time, which has greatly affected their reputation in the VC circle.¡±
"However, after all, the two parties have not signed the intention contract, so legally they have not breached the contract."
"So, we can only not select him in the next round, or"
Hearing what the director said, Zhang Wanhao waved his hand and interrupted his speech. Instead, he said, "It won't help if we don't talk about these things."
Having said this, he looked at a director next to him and asked, "Mr. Gou, how is our financial situation now? How long can we continue to burn?"
The director is obviously in charge of the company's finances and has a clear understanding of the company's financial situation. He coughed and said, "Now we are expanding a bit aggressively and burning money a bit. In two months at most, if we don't get investment, we won't be able to persevere."
"Butin order to reduce the pressure on the company, it is best to have the funds arrive within a month."
Zhang Wanhao silently tapped his fingers on the table, then pondered.
After a while, he looked at the director of the investment strategy department and said, "Let's list the domestic investment institutions that are interested in us in this round. Let's see which institutions have the ability to lead the investment."
The director of the investment department couldn't help but look at him and said in surprise, "Mr. Zhang, are we not looking for overseas funds?"
Even though he encountered such a big incident, Zhang Wanhao remained calm and rational.
He said, ¡°We have to find overseas funds. But this round is not necessary.¡±
He looked around the entire conference room, and then analyzed rationally, "Overseas capital also has different lineups We have held meetings and studied it many times before. The one that is most suitable for our development is Sequoia Capital."
¡°Its huge business reach, including various groups and enterprises, is exactly what our overseas strategy needs.¡±
"So, if we choose other large overseas capital parties, then it is equivalent to giving up."
¡°This is likely to have a huge impact on our overseas layout.¡±
Having said this, he paused, "So, I think I would rather wait for one round. Wait for the next round and take a look at Sequoia's situation. If it still doesn't work there, then cooperate with other large overseas capitals."
¡°So, in this round, we can first get financing from abroad.¡±
"It's just" He looked at the director of the investment department and said, "We don't want big consortiums, and we don't want those big Internet companies. You know what I mean."
Everyone present nodded slightly.
Although Zhang Wanhao has always acted as if he does not attach importance to the company's development to the outside world, in fact, he has never concealed his ambitions internally.
He just wants to develop Toutiao Technology into the top three Internet consortiums in China!
With this goal, how could he accept investment from well-known Internet companies such as Penguin and Ali?
This is another factor why he prefers foreign funds.
Now, because overseas financing is blocked, he has to raise funds domestically, but even so, he insists on not wanting the resources of these consortiums.
He wants to become a consortium and a big factory. I want to build my own Internet department. Instead of succumbing to a certain system
After seeing Zhang Wanhao, he made a decision. The director of the investment department quickly reported the names of several investment institutions and took out the information one by one.
These investment institutions are relatively well-known institutions in the country and have sufficient funds, but they are just pure investments.
Zhang Wanhao looked at them one by one.
Until the last portion, he suddenly froze.
Because the last venture capital company was named [Chen¡¯s Investment]. The boss of the company is Chen Yan.
Seeing this information, Zhang Wanhao couldn't help but think of the scene where he and Chen Yan had a great conversation last night.
That was a young man who looked calm and majestic. Andvery caring.
In fact, many people don¡¯t know that Zhang Wanhao once received help from a deaf-mute old man when he was young. It was the help of that old man that allowed Zhang Wanhao to get through his most difficult period.
Therefore, since then, Zhang Wanhao has been doing charity things in private.
But, he didn¡¯t promote it.
Because, he feels, charity is to help people in need, rather than a tool for fame and gain.
And last night, he saw someone who looked like him.
Recruiting an aphasic person into the company without any discrimination and even getting along with her.
¡°Moreover, I am still doing charity secretly.
This is why Zhang Wanhao had such a good impression of Chen Yan last night.
But now, seeing this document, he couldn't help but think of that young man.
Maybe it would be interesting to collaborate with him?
Thinking of this, he raised his head and asked, "What's going on with Chen's investment? Can they also come up with seven or eight billion in cash to lead the investment in a short period of time?"
Hearing Zhang Wanhao¡¯s culture, the director of the investment department quickly said, ¡°Yes. They have the strength.¡±
As he spoke, he began to introduce information about Chen's Investment, "Chen's Investment is a newly established company"
?¡
That night, Chen Yan received a call from Zhang Wanhao.
On the phone, Zhang Wanhao and Chen Yan talked about financing.
Although it is not clear what the forced card purchase did to make Zhang Wanhao decide to accept his investment, Chen Yan seized this opportunity and had a detailed chat with Zhang Wanhao.
And because he had the confidence to [force the card purchase], Chen Yan bluntly put forward his conditions: 1 billion in cash and 10% of the shares. In this round of financing, he doesn¡¯t care about others, he wants to take the shares himself.
Zhang Wanhao was silent for a while and did not give a direct reply. He only said to let the people below talk.
The next day, after receiving the invitation from Toutiao, He Mengxue immediately brought the negotiation team she had formed yesterday, and the legal team flew to Tiandu to negotiate this tens of billions of financing projects.
And the rich people of Qindong Peninsula who just got the news from Tiandu are a little confused.
Their first reaction was: Is Qin Dong too slow, or is Tiandu changing too fast?
?? Can a tens of billions-level financing project change at any time?
And the second reaction is: Chen Yan really didn¡¯t brag?
¡°Did he really just go to Tiandu and negotiate this cooperation?
For a time, because of this twists and turns, everyone in Tiandu began to pay attention to the outcome of this matter.
The next afternoon, as soon as He Mengxue arrived in Tiandu, she was picked up by Song Chuang and went to Toutiao Company to start negotiations.
However, the negotiations did not go smoothly. The two companies had big differences regarding the shares, and the negotiations reached a deadlock.
On the morning of the third day, the negotiations were still not going smoothly. At the critical moment, Zhang Wanhao stepped forward and actively signaled the company to make concessions.
On the afternoon of the third day, both parties reached an agreement regarding the shares. Chen Investment valued Toutiao Technology at 10 billion and invested 1 billion to obtain 10% of the shares.
Other participating institutions also invested RMB 231 million based on a valuation of RMB 10 billion.
On the fourth day, Chen Yan flew to Tiandu in person, and together with Zhang Wanhao, signed the financing agreement on behalf of both companies, and the agreement officially came into effect.
In the major news, Chen Yan and Zhang Wanhao stood side by side in the middle, He Mengxue stood next to Chen Yan, and the others lined up on both sides. The negotiation went so smoothly and both parties smiled brightly.
At this time, the wealthy circles in Qindong Peninsula were all silent.
Originally, those who claimed to have received the news from Tiandu and thought that Chen Yan was just pretending, were all a little embarrassed.
And more people were shocked by Chen Yan's abilities and methods.
No matter how they analyze or deduce.
They all feel that they have no choice but to negotiate this financing when Toutiao Technology has already set the general direction of financing and has even reached a verbal agreement with overseas funds.
There are some elite second-generation people who are a bit autistic because they have no clear ideas. With no other choice, they approached their parents in the Peninsula Association and asked them if they could do it.
And the dozen or so top tycoons in the Peninsula Club were all a bit silent when faced with inquiries from their children.
Because, they found that they couldn¡¯t do it.
Even He Ruifeng, the richest man in the Qindong Peninsula and the father of He Mengxue, deduced it at home for a long time and felt that he could not break the game like Chen Yan.
And then, as the negotiations ended, some fragmented news gradually spread back to Qindao. (Remember the website address: www.hlnovel.com)Visit this website: www.hlnovel.com