Chapter 53 IDG
“Venture investors will definitely not accept your education + real estate strategy.”
According to his plan, investment will be a bottomless pit.
Although there is a lot of money from venture capital, in the face of four million square meters or even more commercial real estate investment, it is simply a drop in the bucket.
Xu Liang smiled and said: "Quit if you don't accept it. It's not me begging them. ...By the way, don't reveal my plans for the new dream for the time being. I'll trick everyone I can."
Jiang Xiaoyang looked at him speechlessly and shook his head after a while.
“Your plan is too big. Are you sure you have the money to invest in it in the future?”
“My money will be unimaginable.”
Dong dong… .
There was a knock on the door.
After taking a deep look at the man next to him who exuded confidence.
"Come in."
A young woman wearing a dark blue women's suit and a blue skirt opened the door and walked in.
"Mr. Xu, Mr. Jiang, the people from IDG have arrived and are in the conference room."
"Who is leading the team?" Jiang Xiaoyang asked.
"Xiong Xiaoge, President of IDG China."
Xu Liang's eyes flashed. Before his rebirth, this was a well-known venture capital boss, and Shen Nanpeng, who was known as the "godfather of venture capital", instantly became acquainted with each other.
"Let's go, let's meet Mr. Xiong."
Xu Liang stood up and strode outside.
In his last life, he had been exposed to venture capital, but it was not IDG but Xu Xiaoping's ZhenFund.
After becoming famous, IDG Xiong Xiaoge, known as the ‘man behind Tencent’, no longer looked down on his small art training class.
Of course this life is different.
Arrived at the door of the conference room, Xu Liang took a breath, opened the door and walked in.
The people inside heard the movement and subconsciously turned their heads to look over.
A tall man wearing a white T-shirt, black trousers, and white sneakers came into view with a casual look.
Although wearing a pair of black-rimmed glasses.
But it still can't hide the remaining childishness on the face.
“So young.”
Xiong Xiaoge was surprised.
It’s not that he has seen young entrepreneurs before, but this is the first time he has seen one so young.
After guessing the other party's identity, he quickly stood up and greeted him.
“I have long heard that the founder of New Dream is very young, but I didn’t expect Mr. Xu to be so young.”
Xu Liang smiled and reached out to hold the right hand that the other party offered.
“Being young is not a good thing in the shopping mall.” Xu Liang said with a smile.
"Mr. Xu is serious. Being young means more possibilities. Just like Mr. Xu, while creating new dreams, he is also doing well in the investment industry."
"Hanhua is just a fledgling company, and it is not as big as IDG. I hope Mr. Xiong will take care of him in the future and help us invest in any good projects."
"Haha, easy to say."
"Please sit down."
"Please."
There is a long table in the middle, and the two parties sit down opposite each other.
However, the person facing Xiong Xiaoge was not Xu Liang but Jiang Xiaoyang.
Obviously, she is the main force in today's negotiations.
"Mr. Xiong, we have negotiated for six rounds of Tencent's equity, and your price of US$1 million is still unfair. We believe that under the background of the Nasdaq crisis, Tencent's equity has already depreciation, so US$700,000 is a reasonable price,” Jiang Xiaoyang said.
Xiong Xiaoge smiled lightly. "Mr. Jiang, it has only been three months since Tencent signed a financing agreement with us, and her number of users has increased by five million."
Jiang Xiaoyang was not willing to be outdone.
“Mr. Xiong, I need to emphasize that Tencent still has not found their profit model, even like her predecessor ICQ, it will never be profitable, so more customers do not mean much.
And we have done a survey and found that QQ users are mainly young people and students, and their value is very limited.”
“Since QQ has limited value, why should Hanhua acquire it? Equity?" Xiong Xiaoge said calmly.
“Maybe it’s more appropriate for me to answer this.” Xu Liang smiled.
Xiong Xiaoge made a "please" gesture.
“Investment in QQ is what I asked Mr. Jiang to do. The reason is not complicated. Most of the users of QQ are students, and our new dream is to be an education and training institution serving students.
< br>In other words, QQ users are all potential users of New Dreams
If we reach these users through QQ, I believe it will be helpful to our New Dreams business.”
Xiong Xiaoge smiled and said: "Since QQ is very important to New Dream, then we at IDG are willing to exchange 15% of Tencent's equity for New Dream's investment."
Xu Liang shook his head, "New Dream does not lack development funds, at least not now. So we will not raise funds now."
A glint flashed in Xiong Xiaoge's eyes.
"What Mr. Xu means is that the new dream will be financed?"
Xu Liang smiled and nodded.
“The goal of New Dream is to become the largest and first-class international art training institution in China across all art fields, covering all age groups including children, teenagers, youth and middle-aged and elderly people.”< br>
Xiong Xiaoge had a look of interest on his face.
Investment institutions are not afraid that you will paint a big pie, but they are afraid that the pie you paint is not big enough.
The future of New Dream is undoubtedly very imaginative.
"Mr. Xu, New Dream has never thought about entering the field of subject-based education?"
"Of course you have. However, subject-based education and training will definitely be a hot spot for all education and training institutions in the future. I even hope that after New Dream establishes an unbreakable moat in the field of art training, it can then go in to fight with major institutions. It can advance and retreat and be safe. ”
"I didn't expect Mr. Xu to be very cautious at his young age."
"I finally made some money, but I don't want to lose it all." Xu Liang said with a smile.
Xiong Xiaoge agreed and smiled.
“When does Mr. Xu plan to start financing for New Dream?”
“When New Dream Art Training Center opens in all first- and second-tier cities across the country and the annual revenue exceeds 100 million Huaxia coins .”
"Does such a new dream still need financing?" Xiong Xiaoge frowned.
“Of course.”
After nodding without hesitation, Xu Liang continued.
“The market for training on art college entrance examination projects is not big. In comparison, there are nearly 20 million newborns in China every year. Even if only half of them will sign up for interest classes, it is still a market worth more than 100 billion. market.
To occupy this market, a lot of capital is needed.
New Dream's own profits are obviously not enough to complete this plan, so external financing is necessary. "
Xiong Xiaoge pondered for a moment.
"How long will it take Mr. Xu to achieve the goal of 100 million in revenue? ”
“If it’s fast, it can be this year, if it’s slow, it can be at most the middle of next year.” "
Xiong Xiaoge smiled, "Mr. Xu is confident? ”
"Of course."
"In that case, does Mr. Xu want to sign a gambling agreement? If Mr. Xu can achieve the revenue target of 100 million within one year, then we will value it at 3 billion Huaxia coins , start financing negotiations with New Dream
If it cannot be completed, we will discount the price by half, start negotiations with a target of 1.5 billion Chinese coins, and allow IDG to obtain 20% of the original shares.”
(End of this chapter)