Becoming the richest man starts with making complaints

"Mr. Cao, I've thought about it and found that your previous suggestions are very reasonable. It's really not appropriate to include friends in mergers and acquisitions. So, do you think you can help with financing?" Qian Ming said to Cao Shen.

However, he did not intend to reveal the idea of ​​building a mobile site. This excellent strategy could not be shared, so as not to attract competitors. Cao Shen was an investment banker after all, and investment banks were the hubs of news.

As for you will definitely be discovered when you start working, that doesn’t matter. I’m already one step ahead as I’ve already started working. Being ahead of the curve is very important!

【Ding! Host, you failed this random mission. Please accept the punishment, 300,000 RMB will be deducted, and the life value of subsequent complaints will be halved until the accumulation reaches twenty-four months]

"Where's my reward?"

【Already sent to your notebook】

"I don't have a notebook with me now, so why don't you tell me what it is!"

[Oh, I upgraded.

Ouch, ouch!

I feel so uncomfortable with the system. It can no longer withstand it and is going to shut down...]

Cao Shen: "What a crappy thing it is!" Even a fool like the system knows how to escape!

[I will remove the host first]

"Hello!"

There is no response from the system...

Qian Ming still looked at Cao Shen expectantly, but Mr. Cao frowned and said nothing.

"Mr. Cao, I know that Yourong has been losing money now. The competition in the WiFi market is fierce, and there are difficulties in transformation. Financing may not be easy. Even if you can't raise money by then, there is nothing you can do. This is not the case. Deep responsibility.”

If you really can't raise the money, then let Maida bring it in at a very low price. After all, Yourong's team is still good, so you can just buy the team.

Even though I have cashed out less myself, the overall situation is more important, and I didn’t invest much at the beginning anyway.

Cao Shen nodded: "Indeed, this job is a bit difficult."

Generally, companies that want to raise funds can just list their information on the Jianshen APP.

But Qian Ming specifically mentioned it to Cao Shen. Obviously, Qian Ming wanted not only to put it on the shelves, but also wanted Cao Shen to sell the project himself. In fact, he wanted Cao Shen to endorse it.

You can also find other traditional investment banks to do this.

However, in Qian Ming's opinion, which investment bank currently has a stronger endorsement capability than Cao Shen?

A successful entrepreneur, oh, he recently launched Tongtong Xiaoxiaole, which swept all the major lists. He is simply a business wizard! Can a project endorsed by a business genius be any good?

And behind Cao Shen is Xiao Gang, a top boss!

Not only did he give Cao Shen a platform, but he also gave him money! We made a deep investment together.

What this means is that Cao Shen can pay for investment bank projects himself.

And once Cao Shen pays the bill, subsequent development will be stable!

Boss Xiao will take over in the next round. Boss Xiao can send you to the secondary market and buy stocks!

But the problem now is that the fundamentals of the project are relatively weak and cannot be forced. And Qian Ming is also very good at being a good person. He explains his shortcomings in advance. Everyone is in this circle. If he succeeded in cheating today, what about tomorrow?

If cooperation on one project fails, he still has a lot of projects in hand.

Now he is giving it a try. It doesn't matter if the business fails, the friendship must be maintained!

Seeing that Cao Shen was in trouble, Qian Ming quickly said:

"I also know that there are some problems with this project, but if we look for shortcomings in early projects, then every project will have a lot of them." This is the truth.

"Mr. Cao, why don't you buy me a favor and give it a try. It doesn't matter if it doesn't work. If it does, we will draw a commission based on the highest points. Of course, I know that you don't care about this, Mr. Cao. I'm just doing you a favor. , if anything happens in the future, just say it." Qian Ming patted Cao Shen on the shoulder and said.

Although Qian Ming is not as good as Xiao Gang, he still ranks extremely high in the angel investment circle, and his reputation has always been good.

Cao Shen was also willing to sell him face, and he was so hesitant because he wanted to take advantage of the money to show his favor and prevent him from thinking that things were easy, so he nodded: "Then I will give it a try."

Qian Ming was overjoyed and said quickly: "Thank you, brother. YouRong Technology is in this building. How about I ask them to come over and talk to you directly?"

Cao Shen held Qian Ming's hand: "No hurry, Mr. Qian, do you have the financing materials for Yourong Technology? Send them to me first."

"Yes, yes, yes!" YouRong Technology has been preparing for both acquisitions or continued financing, so the financing materials are ready. Qian Ming immediately sent the materials to Cao Shen.

Cao Shen looked at it and frowned: "Yourong is only in Series A now, and only 40% of the team's shares are left?"

Qian Ming rubbed his hands: "Yes, it costs money to install WIFI. Many of their merchants provide it for free. The team didn't know how to raise money earlier, so they only took money from individual angel investors. After several rounds, every time It’s been diluted every time and that’s all that’s left.”

"This can't work. This is only the A round. You also said that this model is burning money. After a few rounds of financing, the team's shares will be running out. How can the team have any motivation like this?"

In fact, this is also the reason why Yourong Technology was persuaded to accept the acquisition this time.

YouRong originally wanted to continue to develop independently, but it couldn't stand it and all its previous investors wanted to cash out and leave.

After all, projects in the primary market are not as good as stocks in the secondary market. If you buy them today, you can sell them tomorrow. If it weren't for mergers and acquisitions or the next round of financing, which is extremely popular, the equity in hand would have to wait for the listing to be cashed out.

There are very few start-up companies that can actually be listed on the market, and the equity in their hands is likely to become useless paper after just covering it up. Individual angels invest their own money and do not take other people's money. They have a stronger risk tolerance than institutional investors, so as long as they have the opportunity, they will take it as soon as possible.

Once acquired, according to the priority terms, the investors get the money first and the team last. Doing the math, after selling to Maida, the team basically got nothing. But the shareholding ratio is small, and it can only be sold if it cannot resist the persistence of investors.

This was only the A round. Cao Shen counted and found that there were seven personal angels among the shareholders, and he added money to create an institutional angel.

To be honest, this share structure somewhat dissuades Cao Shen.

But if you think about it carefully, this random task should have allowed Qian Ming to promote the acquisition through complaints, which means that the company's future development system is approved.

So Cao Shen also made a decision in his heart and said to Qian Ming:

"Do all the personal angels want to cash out and exit this time?"

"Yes!" Qian Ming wanted to say. He also wanted to quit, but this was not the right time. You asked Cao Shen to help carry it, you can't run away first while others carry it.

Cao Shen clicked on the calculator on his mobile phone and began to calculate: "What is the price for this acquisition?"

“60 million, but only 15 million of the 60 million is in cash, and the rest will be exchanged for Maida shares.

If it is financing, the estimated valuation of this financing is 90 million. "

90 million is the quotation, and in the end even if the financing is successful, the price will definitely be reduced. Therefore, it is reasonable to pay 60 million for the acquisition. After all, you are the second child in front of Maida and have no negotiation capital. Just take prisoners of war and send them away casually.

"How much cheaper can it be if it's all cash?" Cao Shen asked.

Qian Ming was a little puzzled, but still replied: "We discussed before that if it is all in cash, those personal angels will agree to 50 million."

This is also understandable. For many individual angels, it is better to take money and settle down than to take shares in Maida Technology, which is unknown in the future.

Cao Shen looked at the shareholding structure. Individual angels accounted for 40% in total and Qian Ming accounted for 20%.

He said to Qian Ming: "Invite people from Yourong Technology to come over. I want to get rid of the investors."

Qian Ming's eyes were startled and he said in surprise: "Mr. Cao, what are you doing?"

"This equity structure is too bad to be successful at all. It must be optimized. I can lend money to the team and use debt-for-equity swaps to eliminate all the original individual angels."