Chapter 331: The bottom line
When it came to the bargaining stage, Liu Chang had no room to speak.
She was not sure about Chen Qiaoshan’s plan, and the two did not communicate in advance, and even she was shocked to open a price of 2 million US dollars.
Zhou Zhengning had a smile on his face, making people unable to notice his true thoughts. He pondered for a moment and spoke first: "Mr. Chen, for us, two million US dollars is indeed not much."
"I might as well tell you a secret. 3721 is an investment project I personally selected and the first project I invested in China. I invested 4.5 million US dollars in the first phase."
3721 is Zhou Zhengning's proud work, and he is indeed very proud. As the most professional Internet software investment fund in Asia, this transaction has allowed him to firmly serve as the fund president.
The current active venture capital funds in China are basically small workshops.
Jifu Asia is no exception. In addition to Zhou Zhengning, there are only six employees in China, but they are facing a large number of project applications. However, the only one that can be targeted by him is the only one project that Kangsheng has been targeted so far.
Zhou Zhengning originally wanted to get a bargain, but now it seems that he is probably regarded as a fat sheep.
"Mr. Chen, I would like to remind you that valuation can have a premium, but high premium rate must be supported by high growth. Judging from the recent data growth, Kangsheng is probably not worth this price."
Liu Chang felt helpless, and Chen Qiaoshan met his opponent this time.
These investors are very smart. The project requires money and the investors need data. Without data support, everything will be useless. She was a little worried. It seems that the financing prospects this time are worrying.
Chen Qiaoshan was not very worried. What Zhongguancun lacked the most is software.
In major industrial parks, small and micro software companies are everywhere, and the government is taking the lead, but there are not many people who can find venture capital. Kangsheng can attract Zhou Zhengning, which is enough to illustrate the problem.
Of course, capital picks projects, and projects also picks capital.
Zhou Zhengning can see Discuz at the first time, which is enough to prove his ability and vision. Coupled with the successful case of 3721, Jifu Asia is undoubtedly a worthy partner for cooperation.
Chen Qiaoshan thought it very clearly that Zhou Zhengning is a qualified investor. What he has to do now is to find a way to convince the other party to accept his offer.
"Mr. Zhou, when it comes to growth and Kangsheng's growth, no software company in Zhongguancun can compare with it."
Assistant Tan couldn't help laughing when he heard this, "Mr. Chen, Kang Sheng has not yet achieved balance of income and expenditure, and his profit is zero. Where does this growth start?"
Chen Qiaoshan glanced at the woman, ignored her question, and said to Zhou Zhengning: "Mr. Zhou, is Ms. Tan a new employee of your company?"
Zhou Zhengning was a little surprised. He didn't know what Chen Qiaoshan sold in the gourd, but he still explained: "Ms. Tan is a senior in the software industry and is currently my full-time assistant."
After a pause, he added: "Don't worry, we are professional venture capital funds and will not do anything that violates industry rules."
"No, right." Chen Qiaoshan's face was full of surprise, and he was very frightening, "Ms. Tan, did you have IT before?"
Assistant Tan is quite proud of his past resume. "I graduated from Harbin Institute of Technology and worked at Neusoft for many years, working in the research and development of medical software. Later, I joined Toshiba, Japan until I joined Jifu Asia two years ago."
Neusoft is the first listed software company in China and the largest offshore software outsourcing provider in China.
Although it is outsourcing, its medical software R&D capabilities are not weak, and it is its few core technical products. Assistant Tan can work in Neusoft Medical R&D department, so his technical capabilities are not weak.
Chen Qiaoshan smiled and said, "Miss Tan, in my opinion, this job is not suitable for you now!"
Assistant Tan's face became ugly. He had never seen such a person before when he grew up.
"Where did this start?" Zhou Zhengning, as an employer, naturally had to ask the reason clearly.
"Ninety percent of Kangsheng's employees are programmers. I dare not say anything else, and their business capabilities are definitely not inferior to Ms. Tan. If they were asked to change careers and venture capital, they would still be qualified for due diligence. However, when it comes to investment vision, they probably are still almost there."
Assistant Tan's face turned red. If she hadn't been worried that the other party was the project party and the boss was here again, she would have wanted to hurt people suddenly. Who would have stepped on it like this?
"By the way." Chen Qiaoshan said with a smile: "Our programmer education is above the level, and many graduates from Tsinghua and Peking University."
As he said that, he pointed at Liu Chang and said, "Manager Liu graduated from Tsinghua Economic Management and is currently in charge of Kangsheng's operation. Her boyfriend is a top student in the computer department of Peking University, and is mainly responsible for R&D."
"I don't understand technology and still can't explain the difference between ASP and PHP, so I never interfere in research and development. We are a professional team, and professional things are only left to professionals."
"A stable team, mature products, and huge market, this is Kangsheng's advantage."
"As for growth," Chen Qiaoshan laughed, "Ms. Tan, I am frank, growth has nothing to do with early revenue. Specifically, growth includes the dominance of the industry, technology monopoly or efficient management."
"Technically speaking, Dz is the first mature forum software and the only forum software that has the conditions for commercial operation." After Chen Qiaoshan said that, he stared at the female assistant and asked, "Ms. Tan, you won't deny this, right?"
Assistant Tan's face turned red, but at this moment, he could only nod.
"The technical advantages need not be said. Relying on the existing technical strength, I can say responsibly that Discuz may be imitated and cannot be surpassed." Chen Qiaoshan's rise of words, without any scruples, and all kinds of fresh words are jumping out.
Liu Chang couldn't help but cover her face. She couldn't stand the bragging of her. Seeing Chen Qiaoshan's face was not blushing and breathless, she could only sigh.
Zhou Zhengning agreed with Chen Qiaoshan's point of view in his heart, but did not say anything.
Kangsheng's technology is unquestionable. Of course, technology is not valuable these days, and Zhongguancun is full of investment projects.
The most outstanding thing is its first profit model, which directly avoids the interference of piracy on the software market. Although the free value-added service sacrifices part of its profit, Zhou Zhengning's vision is so vicious that he can see through the hidden effect behind this model at a glance.
Free, the first thing to do is to block the research and development of homogeneous products, and at the same time, there is a great possibility of forming a monopoly on the market.
Monopoly, Zhou Zhengning shook his head secretly, and his rating for Kang Sheng was raised to another level in his heart.
Whenever monopoly is involved, there is amazing profit behind it. Even if it is just a possibility, the value of investment will greatly increase.
Zhou Zhengning had an intuition that the Internet in the future may no longer be the world of portals. As technology becomes more mature, personal websites are likely to become the mainstream of the industry, which is also the main reason why he values Kangsheng.
"As for growth, I would like to emphasize one thing." Chen Qiaoshan interrupted the thoughts of several people, "Kangsheng is growing, and the market we are facing is growing."
Zhou Zhengning was shocked and couldn't help but look at Chen Qiaoshan with a bright look, hoping that he would give a specific explanation.
"I have a rough prediction of the Internet trend. In the next five years, it is likely to be the world of small websites. With the popularity of the Internet, I firmly believe that Discuz can occupy more than 50% of the national market share in the future, which does not include overseas markets."
With the advent of the web2.0 era, the role of network portals has gradually weakened, and personal websites will surely become the main force in the market until they are ended by the mobile Internet. All of this is something that Chen Qiaoshan has experienced.
"Mr. Zhou, the last sentence."
Chen Qiaoshan glanced at the other party and said leisurely: "Your investment in 3721 has obtained 5 times the investment income. I believe Kangsheng will be able to repay you more."
"Of course, I am very sincere in cooperating with you. In order to reduce your investment risks, I am willing to sign a share guarantee and repurchase agreement."
Chapter completed!