Chapter 58 Real Investment Intention
“Whether it is pethidine or chlorpromazine, it is impossible to use it frequently. It has very strong side effects.
It blocks the body’s response to body temperature through drugs. Control and regulation can also cause damage to the body. This can only be used as a treatment method. At the same time, its duration is only three to five days.
And we have to do it. The low-temperature human hibernation technology only relies on ultrasound, which does no harm to the human body. It uses the nerves and genes related to hibernation in mammals to achieve the effect. The duration ranges from five to ten days.
Compared with human hibernation treatment, both the potential and commercial value are much greater. "
The representative from Sequoia Capital took the microphone and asked: "Dr. Chen, I am very interested in the business value you just mentioned.
How do you view the commercial value of this technology? Because at present, it seems that immigration to Mars is far away, and it will not take that long to go to the moon. So what is the commercial value of your technology? "
Chen Yuanguang said: "This is mainly divided into several aspects. One is that we can replace traditional hibernation therapy.
In addition, we can apply it to ocean shipping and long-distance passenger aircraft. The five to ten days just mentioned are the longest time, and the wake-up time is controllable.
For example, long-distance passenger planes that last more than a day can allow passengers to enter a hibernation state as soon as they get on the plane, and arrive at their destination after waking up. "
A representative from Sequoia Capital said: "Both of these are widely used scenarios, but the latter depends on the size of your equipment or instrument.
And whether some supporting measures are needed.
Is it just that an ultrasonic equipment with limited size and weight can be set to automatically turn on and off, or does it require a series of supporting facilities. "
Chen Yuanguang said: "An ultrasonic device with limited volume and limited weight will do.
Because its underlying principle is to stimulate neurons, it is not as complicated as supporting facilities.
But if you want to maintain a state of hibernation for five days or even longer, it is best to need someone to replenish water for you. If it lasts more than seven days, you must replenish water, otherwise your life will be in danger.
For ocean shipping, it may be necessary, but for long-distance passenger planes, it is not required at all. "
The representative of Sequoia Capital applauded: "Dr. Chen, I am very optimistic about its business potential, and we at Sequoia Capital are very willing." ”
We don’t have many questions about the technology because we don’t understand it. After listening to it, everyone feels that this technology has commercial potential, and the commercial potential is not small.
In addition, Chen Yuanguang, a top scientific research expert, is responsible for checking and has already made a rough idea. They are all willing to invest.
"Dr. Chen, please tell me directly now how much financing you hope to raise in this round, and what proportion of shares you are willing to transfer. Is the transferred shares and voting rights one to one or ten to one?" Technically and After there was no doubt about the business, everyone’s questions focused on the price.
Chen Yuanguang thinks that the price is not high, but he thinks that the people here will think that the price is high, but there is still room for negotiation. He will set a high price first and then talk slowly: "The valuation of this round is 10 billion RMB, 10% of the shares are sold, and the share transfer and voting rights are 10 to 1.”
There was an uproar at the scene, wondering if Chen Yuanguang was crazy, a company’s products are still in the experimental stage, and The subject of the experiment was a monkey instead of a human, and he was able to shout out a valuation of tens of billions. Even if the unit of measurement of this tens of billions is RMB, it is too high.
Everyone originally thought that the valuation of 1 billion yuan was sky-high.
When all the representatives present were whispering to each other, William, the representative of Sequoia Capital, immediately raised his hand and asked the waiter to pass the microphone to him:
"Dr. Chen, Sequoia Capital has invested, and we have only one request. Before investing, we need to find a third-party organization to verify the authenticity of the results."
Chen Yuanguang was surprised. You agreed to 10 billion without blinking an eyelid?
The representative of Shunwei Capital sitting next to William was even more shocked. Did he see some opportunity that I didn’t? He quickly whispered: "William, don't be impulsive!" If you are impulsive, you just don't give me a chance!
William ignored him, Chen Yuanguang nodded: "No problem, this is what it should be."
William said: "Okay, then Sequoia Capital has invested in this project, and we can completely accept this price.
Can you sign the contract today?"
All the institutions present here The representatives were extremely shocked. William was not in such a hurry. How big was the chance that he would sign the billion-dollar order today and rush to give the money to Chen Yuanguang?
Lin Jia felt strange next to her. She stood up with the microphone and motioned to Chen Yuanguang for her to answer: "Mr. Hu, I am the co-founder of Guangjia Technology, Lin Jia.
Regarding your question, it is more specific business details. Dr. Chen may not know much about it, so let me explain it further for you.
We still need time to draft the contract, and some more specific terms still need to be negotiated between the two parties.
I signed it too quickly today. ”
William’s full name is William Hu, a second-generation Chinese from Amerikan. He was assigned to Shenhai. Before the representatives came, they reported their names to make seat plaques.
When the representatives present heard Lin Jia introduce himself, they all thought, Guangjia Technology, it seems that A is Lin Jia
William looked helpless: "Well, Sequoia Capital hopes to sign the contract as soon as possible."
Chen Hongyi and Fang Huiyu looked at each other in the audience, "William is the William we know, right?"
>"It's him, did he take the wrong medicine today? A valuation of 10 billion, a start-up company, without blinking an eyelid?"
"Does he think Guangjia Technology is Facebook or Google?"
“There are definitely investment opportunities that we haven’t discovered.”
"But where is it?"
Meeting the representative of Sequoia Capital, William, an industry veteran with rich investment experience, had such a strong willingness to invest. Subsequently, Morgan, Shunwei Capital, Qiming Venture Partners and CMB International all expressed their willingness to invest. It’s okay to pay this price, we’ll talk about the ratio later.
After they said this, William said: "Dr. Chen, let's increase the valuation to 15 billion yuan, which means 1.5 billion yuan for 10% of the shares. I don't want to argue with them about the shares anymore. Regarding the distribution issue, do you think it’s okay?”
Others thought William was crazy, and only Morgan’s investment representative followed. The final agreement was that Morgan and Sequoia each had 5% of the shares. , valued at 15 billion yuan.
Zhao Tiankui is the representative of CMB International. When he returned to the company, he told his colleagues what he saw and heard in the investment project today:
"No wonder people are famous for their shadow. In this cold winter in this industry, good project investors are vying for money.
The first time I saw the price increase of Sequoia was by 50%. This It’s not that foreign investors are unwilling to invest in China, it’s just that they don’t want to take action when they don’t see good projects.”
After hearing this, his colleague’s expression changed: “Tell me, is this thing valuable in terms of military technology?” Ah?
Originally, nuclear-powered submarines may only be able to stay underwater for a period of time before coming up. Because the supplies and everyone's psychological pressure cannot bear it, they take turns entering hibernation. Can’t it be greatly improved?
That’s why Sequoia’s representatives are particularly concerned about whether this is a supporting facility or a small piece of equipment?”
(End of this chapter)