"This is impossible." Hearing Chen Qiaoshan's offer, Li Xiaojun immediately expressed his objection.

Even if you are not a talented person, no one is willing to be a sucker. You buy it for one million US dollars, but you just lose your hands and the valuation has increased thirty times in a blink of an eye. Although there is room for bargaining in the middle, this is unacceptable.

"Mr. Li, don't rush to make a decision. I suggest you take a look at 5173's recent financial situation first, and then let's talk about it." Chen Qiaoshan did not intend to rush IDG Capital to get out.

Expansion requires a large amount of funds. If Qingshan Capital bears it independently, the pressure will not be small. The best way is to follow up. This is also the helplessness of small and medium-sized investment funds. They can only follow the boss and pick up the remaining scraps of others. This also requires a relationship to find a way. Otherwise, they can only fight alone, and their small arms and legs will easily be eliminated by the market.

The valuation of 5173 is a bit higher, but Chen Qiaoshan definitely has no intention of taking advantage of the situation, and he does not expect IDG Capital to be the sucker.

The financing amount of 10 million US dollars is indeed quite large, but it is an e-commerce platform at least. If the A round is not speculated, I would be sorry for the future industry trend.

Dong Qifeng took out several documents at the right time, and each party in the negotiation handed out one.

This is the financial statements of 5173 in the past two months. For the people in the market, the content is not complicated. The company does not have any liabilities and normal cash flow. Moreover, the average monthly turnover in the past two months exceeds three million, the net profit has exceeded 150,000, and the profit margin is astonishing.

"All this is true?" Li Xiaojun subconsciously felt that there must be something wrong with this account.

Long before Chen Qiaoshan, IDG Capital had made due diligence on 5173. Although Zhang Bingxin's management ability is not good, the company does make money, and there must be 300,000 or 500,000 a year, but if you want to say that the net profit of 150,000 a month is definitely a questionable span.

Dong Qifeng was unhappy. He had taken over 5173 in full and had the most say in the company's situation. The report was signed and confirmed by him. Without any moisture, he naturally could not tolerate others' doubts.

"Mr. Li, if you do not agree with the data, you can do a full revision. I will cooperate with you." In front of the boss, although Dong Qifeng did not directly refute, he also responded to Li Xiaojun's doubts without being soft or hard.

This is Dong Qifeng's hard work, and of course it cannot tolerate others' doubts.

For example, in publicity, Zhang Bingxin started his business by making private servers. The promotional method is very cliché, which is to hire people to swim the screen in various games. For this reason, he also recruited a group of people.

Dong Qifeng is the boss of the backwards and has deep connections. Naturally, his publicity channels are not comparable to Zhang Bingxin. However, after half a month of online promotion, the effect was significant. The business volume of 5173, which was in the integration period, increased instead of decreasing, and profit growth was expected.

Li Xiaojun could hear that there should be no problem with this report, and he was a little hesitant for a moment.

Startups generally have difficulty in achieving balance between revenue and expenditure, let alone profit, which is also an opportunity for venture capital, but 5173 is obviously an outlier.

Chen Qiaoshan saw Li Xiaojun's hesitation. He glanced at Jia Yinan. The latter understood and then spoke: "Mr. Li, Qingshan Capital recognizes the quotation of 5173. Since Mr. Chen has an oral agreement with you, I think this is better. We will cooperate with us to take this order together. Of course, we can discuss the investment share, and it is also possible for us to lead the investment."

Large-scale financing like this, which brings together other funds, weakens returns but also disperses risks.

Especially in PE, due to the large amount of funds involved, it is difficult to eat alone.

Although financing can be crowdfunded, the rights and obligations of leading and following investment are completely different.

Leading investors must subscribe to most of the investment shares. In addition, they also have absolute voice. If they can obtain a board seat or a veto, they will definitely not fall into the follower. In addition to enjoying investment dividends according to the investment ratio, the follower must follow the lead.

Li Xiaojun's face froze. The difference between leading investment and following investment is not limited to the amount of investment amount, but also affects the face of various investment institutions.

If IDG Capital is really as Jia Yinan said, if the news spreads, it will not only increase Qingshan Capital's net worth, but also easily make people laugh.

Li Xiaojun understands that with the financial situation of 5173, the project will be handed over to the investment decision-making committee, and there is a high probability that it will pass.

When it comes to this, he has only two choices, either lead the investment, recognize the valuation of the 30 million US dollars, or give up the project.

If Chen Qiaoshan's blackmail was easily dismissed, Li Xiaojun was a little unwilling to accept it, but if he gave up this project, he would feel a little frustrated.

After a long period of silence, Li Xiaojun finally woke up after being reminded by his assistant. After he hesitating, he said, "Mr. Chen, let's go here today. I'll go back and communicate with the superiors first. No matter whether I can lead the investment, let's talk back."

Li Xiaojun didn't mention following investment at all, and everyone present was not surprised. If IDG Capital wanted to follow up investment, there were really few VCs who could do it at the moment.

Chen Qiaoshan naturally agreed, "No problem, but please ask Mr. Li to make a decision as soon as possible. Financing must be implemented before New Year's Day."

With more than half a month left, Li Xiaojun agreed and said goodbye and left.

...

After sending the person away, Jia Yinan followed Chen Qiaoshan's office again.

Others don’t know, but she knows the actual situation of the company. She can indeed take out 10 million US dollars, but if she invests it all, the account will be empty. The so-called leading investment is just a joke.

"Boss, you can do it. If you fall in love more and get married less, you have a high awareness." Without outsiders present, Jia Yinan couldn't help but joke.

"That's not. For me, anyone who doesn't fall in love with marriage is a hooligan." Chen Qiaoshan said poorly again. After living for two lifetimes, there are really few who can surpass him in terms of the ability of jokesters.

Jia Yinan didn't believe his nonsense, "Okay, you should keep this to fool your girlfriend. I'm very curious. What would Yan Xiaoqin think if he heard that sentence?"

"As long as you don't say it, she will definitely have no idea." Chen Qiaoshan replied with a smile. His original intention was to be cautious in investing, which is good for both parties, not for things and not for others.

Even if you are a hooligan, it is always better than being fooled by a hooligan.

Just like the grudge between Meizu and Xiaomi, before Rebs made a mobile phone, he first entered Meizu in the name of an investor, regardless of whether he was stealing his skills, and it is not a big deal that Mr. Huang was criticized repeatedly.

Jia Yinan didn't have the heart to talk about these off-topics, and she asked: "Even I think the offer of 10 million US dollars is a bit outrageous. Will IDG agree?"

"I will definitely agree." Chen Qiaoshan's answer was quite yes.

"Why?"

"Because 5173 is doing e-commerce, and it is an e-commerce that has already achieved profitability."

Jia Yinan was a little confused and asked again: "It's that simple?"

"Of course." Chen Qiaoshan is quite sure. Although later generations called Chen Nanpeng the godfather of investment, IDG Capital is the real industry big shot. As early as 1999, they spent 2 million US dollars to invest in 8848.

This is the first e-commerce website in China, with financing of more than 60 million US dollars. Investors including big names like Jerry Yang, have even reached the doorstep of Nasdaq, but failed.

In the middle of the year, Taobao's continuous financing of hundreds of millions of dollars has already made the popularity of "e-commerce" popular again. Chen Qiaoshan believes that as long as he grasps this, he will not worry about IDG Capital not being moved.

Jia Yinan shook his head repeatedly, "Everyone says the Internet bubble has burst, but I can't figure it out. Isn't this a valuation bubble?"

Chen Qiaoshan smiled and said: "Banks make money by interest rate spreads, while venture capital makes money by price spreads, which also includes basic price spreads and bubble price spreads. There must be bubbles in the valuation, but you have to figure out that even a bubble, as long as it can be sold, it is still valuable."

There is no one except Chen Qiaoshan who can speak speculation so well.

Jia Yinan lost the intention to refute. She wanted to see if IDG Capital would take over this bubble-filled 5173 as Chen Qiaoshan said.
Chapter completed!