Chapter 074 [Overdrawing the trust of both parties is very dangerous]
Less than half an hour after the meeting, Luo Sheng received a call from Xu Chenghua in his office.
"Brother Luo, your trick is really too ruthless to cut off the source of the cause. Why did you suddenly want to enter ICT? Should you compete with Huawei and Ericsson? Or should you compete with IBC and Intel?" Xu Chenghua's tone on the phone seemed powerless and helpless.
He had already received the news on the board of directors' agenda just now, and other major shareholders had received relevant news one after another.
At this time, Luo Sheng seemed to have made a move and proposed to transfer his personal equity to cash out, but this was obviously a hooligan.
Now that everyone has invested so much money, they are trapped and can't leave for a while.
Luo Sheng yelled to enter the ICT field, and he would spend 100 million US dollars. In the eyes of all the vcs, this is a waste of water and is definitely in vain.
Although he settled for the second best to transfer his personal equity and played with the cash he had collected, even if he lost all of it, it would be his own money and would not implicate the entire company.
But here is the thing that makes investors unhappy. His trick is so unkind.
Luo Sheng is indeed a bit unkind in this wave of operation, but he has no psychological pressure at all. If it were the VC side, if he had the chance, he would definitely eat Blue Star Technology without even spitting out a single bone.
Now that Luo Sheng is trapped, if he doesn't buy the equity he transferred and let him have the funds to play on his own, he will let the company enter the ICT field. You can't stop him, either the shareholders' meeting or the board of directors will not object.
Bluestar Technology has not yet been listed on the iPo, and it can’t even leave. There is only one situation where you can cash out in advance and leave the market, that is, transfer the equity of Bluestar Technology you hold. But the question is who will buy it? As an investor, he ran away before he even had an iPo. The feeling is obviously a scam, who will buy it?
Therefore, for major investors, now that they have invested so much money and are deeply trapped, they can only continue to spend money in it, stabilize Luo Sheng, stabilize the company, and hold on until the IPO is successful, and whether to leave or stay can be decided at any time.
At this moment, Xu Chenghua hurriedly said with a serious word: "Brother Luo, you are really irrational in doing this. It is equivalent to offending all the top investors in the world. Yes, the money has been invested in you and cannot stop you, but what in the future? What should I do if I can't get money for the next financing? VC may die if I don't invest a penny. Blue Star Company has only raised a round B financing so far. Even if the market is very good, it will have to go through two rounds before I can go public."
"Mr. Xu is so heavy. Even if he can't get financing in the future, the biggest impact on Blue Star Technology is that the development and expansion speed will slow down, and the time for becoming bigger and stronger has been extended. Death? It's an exaggeration." Luo Sheng smiled confidently, but in Xu Chenghua's ears, he was speechless.
Luo Sheng didn't know what he was thinking, and then replied: "As long as I think, the company's financial statements in the next quarter can make profits. The Blue Space website's real-name social networking can conduct advertising business more accurately, which means that the value of a single user is much higher than that of a QQ user, and its monetization ability is at least ten times that of your company's QQ show products. Moreover, most of my users are overseas, and Europeans and Americans have higher consumption power, right?"
Xu Chenghua was silent because Luo Sheng was right. QQ's advertising monetization ability was very poor and he was confused for a long time. It was because it was difficult to accurately place advertisements. Because the users were all virtual, it was like you put up a shaver advertisement and pushed it to a primary school student. He didn't need it, and the advertisement was in vain.
Over time, it will naturally not attract advertisers, or the advertising fees will be pitifully low.
If it weren't for the great success of this product, Tengxun might not have been able to make a big financial comeback this year.
However, the blue space under Blue Star Technology is different, because it is based on real-name and has a more accurate positioning of advertising groups. There will never be advertisements such as pushing children's books to college students or shavings to girls.
As an advertiser, I naturally prefer to place advertisements in the blue space. The potential advertising monetization ability is strong, which is also the main reason why the capital market is optimistic about Blue Star Technology.
Finally, Xu Chenghua sighed, "That's it, let's talk about it when we meet."
He could see that this young man was determined to go all the way.
...
Half a month later, SoftBank, Goldman Sachs, Venture Capital, Morgan and other VC shareholders who invested in Blue Star Technology all sent representatives to Sucheng and came to the company headquarters.
These investors really love and hate Rose, an entrepreneur, to a new level. It is the first time that this kind of anti-VC entrepreneur has encountered such an entrepreneur who has been in the industry for so many years.
At around 10 o'clock in the morning, everyone gathered in the company's conference room, and all the shareholder representatives arrived. Xu Chenghua also came this time. He represented Tengxun, who is currently the second largest shareholder of Blue Star Technology.
At this moment, everyone looked at Luo Sheng with a strange look because the style was a bit like that...
Both sides sat on a large conference table, with all the shareholder representatives sitting on the right and Luo Sheng on the left. In fact, this is nothing. The key is that the people sitting on both sides of him were two beautiful women, Ailin and Qin Weimu.
This style looks a bit strange. Investors have inexplicably a kind of investment in Luo Sheng is reliable...
The others muttered in their hearts that Luo Sheng didn't know or were interested. After all the important shareholder representatives had arrived, he decisively opened the conversation, glanced at the person sitting opposite, and said calmly:
"Frankly speaking, after the completion of the A-round financing stage, the company actually had enough funds to grow and grow Blue Space until the company's iPo listing. But we are not satisfied with a single social product, so the company soon had Yunge Search, including the Reddit website recently launched in North America. These newly launched products currently look good."
"But Mr. Luo, this is not the reason why you want to enter the ICT field. The cross-border is too big." Meng Qiu, who represents Goldman Sachs Capital, said that he actually has a good impression of Luo Sheng.
The representatives of shareholders nodded in agreement. Everyone admitted that Luo Sheng was very prosperous in the Internet field and did have a set of things that allowed all VCs to see the opportunity to make a lot of money in the future.
Very hopeful.
But when he switched his hands, he went to the ICT integrated circuit field to make trouble. All the VCs felt that the future of Blue Star Company was bleak, and he had to mess with it if he had such a good development momentum.
After a while, Luo Sheng smiled and said, "I understand, so I'll ask everyone to come here this time to discuss a relatively compromise plan, convert stocks. Only in this way will not harm the interests of the company and all shareholders. At the same time, I can also go to the ICT field for a while, otherwise I will not give up."
The investors were speechless, saying that, but everyone heard his subtext: I don’t care, I just want to mess with integrated circuits. If you don’t give me money, I will let the company enter this field.
It's simply a scoundrel.
But for a moment, there was no good way to deal with Luo Sheng. Now he has invested tens of billions of dollars. At this time, investors are losing money.
Liu Wen from the venture capital fund suddenly said half-jokingly: "Mr. Luo, can you want to cash out early under the guise of entering the ICT field?"
This is very straightforward.
Luo Sheng was displeased when he heard this and asked: "The company's development status and financial status are basically transparent to the major shareholders. I think whether the company's development status is healthy, whether there are prospects and money prospects, all shareholders know it."
Liu Wen had nothing to say.
The company has good operation, great potential and promising future, so the founder dares to talk to investors like this.
After all, no one will be unable to get along with money.
In any case, it cannot be denied that Bluestar Technology is one of the few high-quality stocks and potential stocks in the global Internet industry.
Before sending agents to talk to Luo Sheng, the major VCs had already agreed internally. Luo Sheng wanted to transfer his equity and could take over it. No problem, it was better than asking him to use the funds of Blue Star Technology Company to make money. When he was short of money, he came to ask the investors for money. If you gave it, you wouldn't give it, or if you didn't give it. If you gave it, you would feel that it would be too much of a loss. If you didn't continue to give it, wouldn't such a large investment be wasted? Or would you lose!
It will only get deeper and deeper.
After thinking about it, as long as Bluestar Technology develops according to the current pace, there will be no big problem with IPo.
At this time, Li Yan, the head of SoftBank Capital, seemed to be very impatient, "Mr. Luo, give me some words. If you are smart people, don't beat around the bush. Since our major vcs have already sat here, it means that they are basically clear cards. Is it okay if we accept them? This time we have admitted it, but please don't play this next time. This is overdrawing the trust of both parties. It's very dangerous. One time is enough. I will only acquiesce to indulge you once, but it is also the last time."
Li Yan said "we" at once, making it seem like he could represent all investors, but surprisingly, no other investors' representatives said that, that was a default.
Meng Qiu continued frankly: "Tell me, how much did you cash out this time?"
...
Chapter completed!