Open business day-to-day

Chapter 292 Boom
Regarding the investment in Changwan Technology, on the second day after Yang Ming replied, Lin Rui mobilized staff from the company, and asked the cooperating accounting firm and law firm to send staff together to form a due diligence team. Play with technology.

Everything went well, and the due diligence team spent a total of two days at Changwan Technology.

For Changwan Technology's various businesses, investigate and verify them one by one.

Its financial status, revenue status, whether it is true, and whether there are false reports.

Does the company have any legal problems and flaws.

In other words, the task of due diligence is to eliminate mines and determine the value of the target company, especially when it is found that there is a big difference between the financial status of the company and the information provided in the previous negotiation stage, it is necessary to readjust the plan based on due diligence data .

Fortunately, Changwan Technology did not play any tricks in this regard. The final investigation results were basically consistent with Lin Rui's previous understanding, so there was no problem now.

After the preparatory work was completed, Lin Rui thought that the next step would be easy, so he directly signed the contract and paid the money. This time the investment was considered complete.

I never thought that things are not that simple. Changwan Technology’s financing of 300 million does not seem to be a big deal, and the amount is not too much, but the nature is different.

Since the city government joined forces with universities in the city to support college students' entrepreneurship last year, many startups have emerged in Los Angeles.

Despite various preferential policies and low-interest loans for starting a business, the development situation is not satisfactory.

Most of these start-up companies were finished within a few months, and most of them persisted, and many of them were lingering on their last days.

When Changwan Technology was first established, it attracted a lot of attention. The founders included Los Angeles University and the three major universities in Los Angeles, which can be regarded as a wealth of talents.

The people in the city and the school who are in charge of this work originally valued Changwan Technology.

It has successively approved 50 and 80 entrepreneurial loans, which is one of the better-performing start-up companies emerging under this policy.

However, with the development of the company, in the past two months, Changwan Technology has also fallen into a crisis. Not to mention the loan, it is also on the verge of bankruptcy.

It can be said that another case of entrepreneurial failure was born.

Unexpectedly, at the most critical moment, there was news that Changwan Technology had attracted an investment of 300 million yuan, which made the people in charge of this work in the city and the school happy.

As one of the enterprises that this policy focuses on and supports, Changwan Technology has attracted a lot of attention for its investment this time.

From another level, the significance of this financing representative is also different.

This is the first Internet company in this city to receive financing, and if nothing else, it is also the first Internet company in this province to receive financing.

It has great symbolic meaning and is also a very good publicity highlight.

When the city and the school received the news, they were delighted and said that no matter what, they would hold a signing ceremony and press conference to promote it.

Changwan Technology is naturally willing to do this, as it can increase the company's popularity.But they can't make the decision either. After communicating with Weiyang Technology, although Lin Rui felt a little fussy, he agreed.

The big deal is to sign the contract two days later to give them some time to prepare. At the same time, the news of this matter will also increase the influence of Weiyang Technology.

The signing ceremony was quite grand, and a vice president of Luo University attended.

Most of the founders of Changwan Technology came from Luo University.There is also an investor, Lin Rui, the boss of Weiyang Technology, who is also a college student of Luo, so it is normal for Luo University to attach so much importance to it.

In addition, a director in charge of this work in the city was also present, and even the news media came.

The matter went smoothly, and the headlines of the major newspapers in Los Angeles the next day were all about this incident.

"The cutting-edge start-up company Changwan Technology has received 300 million yuan in investment from Weiyang Technology, a leading Internet company in the province."

"Weiyang Technology makes a move, and 300 million invests in Changwan Technology."

"The Internet development in Los Angeles has entered a new chapter. Weiyang Technology, the largest Internet company in the province, has invested in Changwan Technology, a startup company for college students."

"Shocked! Weiyang Technology, the city's leading Internet company, invested tens of millions to sponsor the broadcasting and hosting competition, and then set its sights on start-up companies."

Not only the local media in Los Angeles, but recently all the governments around the world have opened official accounts on Weiyang Weibo. The popularity of Weiyang Technology has always been high, and many media in the province have also joined in the report.

"For the first time in the province, Weiyang Technology, the largest Internet company in the province, officially signed a contract to invest in a local Internet company yesterday. This is the first time in the Internet field in the province."

"The Internet industry in Central Plains has ushered in a new era. Yesterday in Los Angeles, the first Internet company in the province to receive financing was born. The investor is Weiyang Technology, a leading Internet company in the province."

"As the largest Internet company in the province, Weiyang Technology invested in a game company yesterday. According to industry analysts, Weiyang Technology may enter the game industry."

……

The next day, Lin Rui saw these reports in the company and felt very good.

Especially the name Weiyang Technology mentioned above, what is the leading Internet company in the province, what is the largest Internet company in the province.

Although I know that there is some taste of exaggeration and flattery, Weiyang Technology is also a general among dwarfs, but seeing newspapers and media adopting this title one after another makes me feel very comfortable.

But what he didn't know was that with these reports, some troubles that were not too troublesome also followed.

Although the entrepreneurial atmosphere in this province is not strong, and the proportion of start-up companies is not comparable to that of first-tier cities, the base is large enough.With hundreds of millions of people and the blessing of the market, there are not a few such companies.

And financing is a common problem for all Internet companies in the province.

Before Weiyang Technology, there were so many Internet companies in the province, why none of them developed due to various factors, but one of the most important reasons was lack of money.

Lack of money is also a common problem for all technology Internet companies in the province.

Why Weiyang Technology can rise so smoothly is one aspect of good luck, perfect planning, and choosing a relatively correct development path.

The most important thing is that Weiyang Technology has never worried about funds. As long as it makes achievements, the funds rewarded by the system are definitely enough to support the company's development.

No need to beg grandpa and grandma to find financing because of lack of money.There is no need to rush into some projects that affect the company's development for the sake of profit.

There is no financial pressure, no profit requirements, as long as the company can grow and develop, it doesn't matter whether it makes money or not.

Under such circumstances, Weiyang Technology can get rid of the burdens carried by other companies and move forward lightly, which is why it has achieved today's achievements.

It can be said that "not short of money" is definitely one of the main reasons why Weiyang Technology has developed so smoothly.

This is a truth that all companies understand, but they can't do it without Lin Rui's conditions.

Financing is currently what all startups are pursuing.

Although it is now 2010, venture capital has gradually emerged in China, but it is basically entrenched in the three cities of Beijing, Shanghai and Shenzhen, and of course the most concerned companies are in these three cities.

Add some provincial capitals at most, such as Guangzhou, Chengdu, Hangzhou, and Wu.

As for other regions and cities, even the provincial capitals are basically no longer within the scope of people's observation because the technology and entrepreneurial atmosphere have not yet formed a scale.

Counting forward from now, the Internet has been in China for more than ten years.All well-known Internet companies basically come from the above-mentioned cities.

As for other cities, let alone the development of the Internet industry, there is no venture capital in this area, let alone financing.

For the Internet industry that burns money, how can it develop without funds.

As for Weiyang Technology's move this time, although the amount was not large, it was only 300 million.But in the Internet circle in the province, it is absolutely unprecedented. While shocking everyone, many start-up companies have also seen a glimmer of hope.

A start-up company like Changwan Technology is not very outstanding and outstanding. They can get investment from Weiyang Technology, why can’t we?
Even some start-up companies with a larger scale and better development than Changwan Technology, when they hear this news, they feel a little bit like celebrating.God knows how much effort and effort they put into financing.

It's just that even after paying so much, there is still no investment. The company is still struggling on the verge of death and may go bankrupt at any time.

Hearing this news now, how could he not be surprised.

Even many start-up companies are already gearing up and eager to try.

Although the consequences did not appear, it is conceivable that Weiyang Technology and Lin Rui will not be so safe in the future.

In particular, the details of Changwan Technology's financing were spread out, letting everyone know that it was the CEO of Weiyang Technology who went directly to the school to get the financing.

Will other start-up companies waiting for financing follow suit and go directly to the school to find ways to contact Lin Rui.

In order to get financing, it is very possible.

Thinking of this, Lin Rui suddenly felt a little distressed. If this is the case in the future, it would be a problem if someone suddenly popped up wherever he went to solicit investment.

As soon as I thought of this, the system suddenly came out.

System: Now that the pace of investment has already started, how can it stop? In the next six months, invest in ten start-up companies.

Every time you invest in one, you will be rewarded with ten hours of focus time.After all investment tasks are completed, a one-time reward of [-] hours of focus time will be given.

The current progress is 1/10, and the first investment task has been completed, rewarding ten hours of concentration time.

Lin Rui stared at the system dumbfounded, and his reaction was too timely. He was just troubled by this problem, and the task on your side came out.

But the effect is really good. Now imagine the scene of being attracted for investment, it seems that it is not so difficult to accept, maybe you can really take the opportunity to find a few high-quality companies.

Moreover, Weiyang Technology does plan to select some well-performing Internet companies to support investment in the future.

Now I can take this opportunity to do some tasks and earn some rewards, which is not bad after thinking about it.

In particular, the total 180 hours of concentration time rewards are a huge gain, which is equivalent to how many tasks he has done.

The sum of the concentration time he is rewarded for a month may not be so much.

If you don't use the time of concentration, you can't appreciate the benefits of the time of concentration and the powerful blessing effect.Now even if someone offered him one hundred thousand and one hour in exchange, he would dismiss it.

With the system rewards, Lin Rui no longer worries about being attracted to invest in the future, and even slightly raised his expectations. It would be good to invest in a few more companies as younger brothers.

On the other hand, Weiyang Weibo has developed rapidly during this period, and the situation is very good.

Especially with the presence of government departments at all levels in the province, the popularity of Weiyang Weibo has become more and more popular, and its presence is indispensable in the daily newspaper news in the province.

As the government departments have settled in one after another, the major enterprises in the province are not far behind, and a swarm of swarms opened their official accounts on Weiyang Weibo.

Even the governments and enterprises of some surrounding provinces and cities have been affected, and many of them have opened official accounts on Weiyang Weibo.

The combination of these factors has caused Weiyang Weibo to increase its users extremely rapidly during this period, with hundreds of thousands of new registrants added every day.

Especially in the past few days, the National College Student Broadcasting and Hosting Competition has also officially started.

Under the joint promotion of the program organizers, major universities, Mango TV and Weiyang Technology, the popularity has gradually increased.

Those contestants who opened personal accounts on Weiyang Weibo according to the contract also tried their best to promote their Weibo to attract more attention and fans.

This is very important. Whoever has more fans in the future will obviously have an advantage in voting, and will naturally be more likely to advance and get a better ranking.

……

After dealing with the matter in hand, Lin Rui stretched his waist, walked around the office a few times, and asked Sun Yutong to invite Yu Hui, the deputy director of the finance department.

Yu Hui is about 40 years old, shrewd and capable with intelligence and strong ability. During this time, she has managed the company's finances in an orderly manner.

After the two sat down and chatted for a while, Lin Rui began to get down to business.

"Director Yu, the last time you said that the application for bank credit went smoothly, where is it now?"

A smile appeared on Yu Hui's face: "Mr. Lin, don't worry, the basic procedures have been completed, and the results will come out in a few days."

Lin Rui was a little surprised and said, "So fast! Has the exact amount been fixed yet?"

Yu Huidao: "If there are no accidents, we should give our company a credit of 2000 million. With the development of the company in the future, we can continue to apply for a higher amount."

Lin Rui nodded, with a smile on the corner of his mouth: "Not bad!"

"Director Yu, it's hard work to let you run this matter every day during this time."

Yu Hui said modestly: "Boss Lin is polite, it's all for work. Besides, it's mainly because of our company's reputation, especially the influence in Los Angeles."

"I know that our company is applying for credit, and the bank also attaches great importance to it. There is a special person in charge of assisting in the connection. Basically, there is no stuck in any link along the way, and it will be handled smoothly."

……

After talking about things, Lin Rui watched Yu Hui leave the office. Lin Rui felt a little happy. As long as the credit limit is reduced, there will be 2000 million more funds that can be freely allocated, and the company's finances will be more flexible and spacious in the future.

(End of this chapter)