Technology Bigshot Chapter 7: : Venture capital institutions

Chapter 7: Venture Capital Institutions

There was a long silence on the phone. Ren Hong must know the reason why money moves people's hearts. XlouS is now obviously a piece of fat, a big fat. It is hard to believe that no one is unmoved.

The commercial prospects of this app are self-evident.

"The school will respect your personal choices, work hard, remember that everything must be down-to-earth, and must not be impetuous and greedy." Director Yu said solemnly.

"I will keep this in mind! Thank you Director for your concern." Ren Hong responded sincerely.

"Haha. Say hello to you first, IDG Technology Venture Capital Fund has obtained your company's address from the school, and should be rushing to you now." Director Yu said with a smile on the phone.

"I see, thank you Director Yu." Ren Hong responded.

In the academic affairs office of the department, Director Yu hung up the phone and muttered to himself, "It seems to be lively recently." With a chuckle, he threw himself into his work.

Ren Hong returned to the classroom and continued to arrange work. Zhou Hui said immediately upon seeing Ren Hong coming back: "Boss, the traffic on the official website is rapidly increasing, and we need more servers to relieve the pressure."

"Yeah! Understood, then prepare to rent a few more servers. After this period of time, I believe we will be able to purchase servers soon." Ren Hong thought for a while, then looked at Chen Kai again: "Relevant patents require Do it well, this thing can't be sloppy."

"Don't worry." Chen Kai patted his chest and said.

Ren Hong nodded. The company is currently running smoothly. However, a few minutes later, classroom 317 welcomed guests for the first time.

Two men and women in formal attire came here.

"Excuse me! Is this the company address of XlouS?" The man knocked on the door and said outside.

"Yes, that's right." Ren Hong put down his work and got up to greet him. He looked back at Zhang Han and the others: "Just do your work." After that, he walked to the door of the classroom and looked at the man and woman. , I guess in my heart that these two people are the people of IDG investment fund.

Sure enough, the man among them said with a smile: "Hello! We are the head of the Northeast Asia region of IDG Technology Venture Capital Fund. My name is Li Taosheng. May I ask who is the head of XlouS..."

"I am the founder of XlouS, Ren Hong." Ren Hong said. He is no stranger to IDG Technology Venture Capital Fund. This venture capital institution established in 1992 is one of the earliest international investment institutions to enter China. Up to now, IDG Venture Capital has invested in more than 300 outstanding enterprises in China.

Famous Internet companies such as Baidu, Sohu, Tencent, Ctrip, Qihoo 360 and other companies have invested in it. More than 70 invested companies have been successfully listed or acquired.

IDG Capital's investments target emerging industries in China, including the Internet, mobile Internet, software, new media, consumer goods and services, healthcare, and clean energy.

This time, XlouS is clearly on sight.

Li Taosheng was instantly overjoyed when he heard the other party's answer, "It's a pleasure to meet you! Mr. Ren is really young and promising, and he has designed such an excellent software before graduation." After some boasting, Li Taosheng said The source of his own: "Mr. Ren must have guessed our intention. IDG Investment Fund is very optimistic about your company's products after learning about it. Seeing that Mr. Ren is a college student starting a business, there must be a shortage of funds. IDG Venture Capital hopes to invest in expensive. The company does not know what Mr. Ren wants to do?"

Ren Hong was silent for a moment when he heard the words, and looked at the other party. There was no so-called excitement when the investment institution brought the banknotes in his hand. Although he was a 19-year-old sophomore student, he was like a calm middle-aged man. I saw him say calmly: "The company is indeed facing urgently needed funds for expansion. I wonder how you can invest in us?"

Li Taosheng was a little surprised by Ren Hong's performance, and when he heard the answer, he smiled at him and said tentatively: "IDG is going to raise 60 million US dollars in your company, accounting for 49% of the shares. Valued at $120 million, so..."

Li Taosheng was talking smoothly, and Ren Hong always listened calmly. When he heard that 60 million wanted nearly half of XlouS's shares, Ren Hong turned around on the spot.

Clap!

There was a loud bang and the door was slammed shut. Li Taosheng was stunned, and his assistant was at a loss, only to hear a soft and indifferent voice from inside: "XlouS has no plans to raise funds at the moment! Your Excellency, please Come back."

Li Taosheng reacted, knocked on the door immediately, and said eagerly: "Mr. Ren! If you think it's not right, you can talk about everything! Mr. Ren! Mr. Ren!"

"What's the matter?" Zhang Han looked at Ren Hong and returned to his desk angrily.

"Venture capital people." Ren Hong said unhappily: "Marler is a butt. $60 million is like asking for 49% of my original shares. Is it true that I am a code farmer full of codes? The more I think about it. The more irritating he is."

In Ren Hong's mind, XlouS is invaluable. Launching real-time online translation is only his first step. With this product, XlouS will be able to rank among the top ten Chinese Internet companies. This is his most conservative valuation.

"120 million! US dollars! Astronomical figure! Haha!" Ren Hong thought and laughed.

"I said Ren Hong. Either way, the other party is also a venture capital company. Our company can't move forward like this, and we need capital to promote it, even though we all know the value of instant online translation." Chen Kai glanced at the door Still knocking on the door, said.

Ren Hong looked at several roommates. He stretched out a finger and his voice was very loud, but he was not afraid that outsiders would hear, "First, now it is the VCs who are looking for us, not us looking for them for investment." He stretched out a second finger, "Second, the first product of XlouS has no competitors in the market. I can say with confidence that in the next ten to fifteen years, this technology will be the only one of XlouS." Everyone looked at He stretched out a third finger, "Third, I didn't think about VCs from the start of the company." He stretched out a fourth finger, "Fourth, someone will give us a lot of dollars and help us promote it. ." Finally he said: "XlouS is a great high-tech company, and he not only insulted my IQ, but also tarnished XlouS and instant online translation. I can't bear it."

The five roommates looked at Ren Hong blankly, at a loss.

"He's so domineering, I almost fainted." Zhang Han looked at Ren Hong intoxicated.

"Fuck, don't be like this, if you go on like this, you are **** if you don't become a fake mother!" Zhou Hui looked at him with disgust.

"By the way, what do you mean when you say that someone will help us promote and give us money?" Chen Kai said curiously, and this sentence also made others curious.

Ren Hong smiled slightly and said, "Our thinking is different from that of foreigners. The thinking of foreigners is that a product must first consider its competitiveness and consider its competitors. But we are not, XlouS is not, why do we need competitors when we make products? If there is an opponent, it is ourselves, our company's innovation ability!"

(To be continued...)

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