Reinventing the Millennium.

Chapter 392 Pressing the Fingerprint and Pressing the Fingerprint (Two in One)

The fourth investment meeting of the "Ice Core Project" is underway.

Fang Zhuo expressed his attitude and requirements, and confirmed the opinions of the institution one by one, in order to finalize the investment intention as soon as possible.

Sometimes, he thinks that these investment institutions are also very interesting, and if he wants to invest, he should invest quickly, and he must let others enter the market first.

Of course, Fang Zhuo was just complaining in his heart, and he would not express his emotions to these companies, at least, he would not express his emotions before paying the money.

From [-]:[-] in the morning to [-]:[-] in the afternoon, Fang Zhuo talked for more than two hours. When he said that he had lunch first, he suddenly realized that his voice was a little hoarse.

However, this doesn't get to the critical part.

"I've wronged everyone at noon today, so I'll just eat a little below and stop drinking. We still have content in the afternoon, so we have to stay sober."

Fang Zhuo moistened his throat before getting up to greet a group of guests.

There is no trouble for lunch, simply eating and chatting at the Hong Kong-style restaurant in Hang Lung Plaza.

After the meal was over, Fang Zhuo set aside offices for several families so that they could discuss by themselves.

From the first investment meeting to the present, Goldman Sachs, Deutsche Bank, and DCM have been in the stage of examining whether the project is feasible, and occasionally mentioning the investment amount is rather vague. Fang Zhuo wants to determine an amount today.

How much to give, you have to have a number!
The tacit understanding between Goldman Sachs and Deutsche Bank lies in the fact that first DCM pays for the money, and then there is such an internationally renowned venture capital market, even if their own investment cannot make up for the vacancy, take the status quo that DCM has already entered the market. Chatting with other families may also attract more people.

This is consistent with Fang Zhuo's position, but for Fang Zhuo, no matter whether it is DCM, Goldman Sachs, or Deutsche Bank, only one can be confirmed and initialed, and he can use this progress to find more money.

However, he still has one difference, that is, he needs to raise the funds needed for the first production line before SMIC goes public.

According to the progress of the company's listing, SMIC estimates that it will be able to complete the listing in half a year and a few months. It sounds like there is still a lot of time. It is really easy for each institution to determine the investment process.

Goldman Sachs and Deutsche Bank can wait until the end. Fang Zhuo can't wait. Instead, he has to do his best to finalize the investment matter, because no matter what happens in the country, he can deal with it. .

At two o'clock in the afternoon, a cup of coffee or strong tea was placed in front of everyone in the conference room to keep everyone awake.

However, before Connor from DCM had time to take a sip of coffee, he felt that Xiong Xiaoge from IDG was not sober.

"Mr. Fang, we are old friends. I am also familiar with Mr. Qiu. I am very confident in the cooperation between you and Mr. Qiu, and I am also very confident in Bingxin." Xiong Xiaoge said boldly, "I think we can First determine the investment share, because our IDG is divided into China and the United States, some procedures need to be confirmed first.”

IDG's U.S. and China businesses are relatively independent, basically a brotherly relationship.

In DCM, major investment matters are completely determined by the US side. Connor belongs to the partner level, and he comes to develop business in China, which has great influence.

Goldman Sachs and Deutsche Bank have relatively middle processing powers, Deutsche Bank is a bit like IDG, and Goldman Sachs is a bit like DCM.

When Xiong Xiaoge said this, Zhang Hongli and Xu Kaiwei suddenly looked at each other inexplicably.

It was this look that made a guess in their hearts, and then they both looked at Fang Zhuo where the old god was present, and finally they looked at each other again because of this "coincidence".

Good guy!
It was so!
After a half-day meeting, Zhang Hongli and Xu Kaiwei finally sensed other people's mistakes because of their own petty actions.

After such a few glances, the two of them thought about a similar question in their hearts. If they are not running for Goldman Sachs/Deutsche Bank, who are they running for?

At this time, Connor said cheerfully: "Mr. Xiong, don't be in such a hurry. I think we can wait for the second round of city inspection of Bingxin to be confirmed before making a decision. Besides, Mr. Fang is still selling stocks."

It turns out that the goal of today's meeting is not two or three, but only one!

Only then did Zhang Hongli and Xu Kaiwei fully understand the situation, and they f*cked in their hearts at the invisible cooperation that appeared half a day in the morning.

Pooh!
So dirty!
Dirty Hongli said: "It's not impossible. The city inspection will not affect it. Anyway, the minimum guarantee is Luzhou's 13 billion. Let's see if it is enough for the financing target. Don't go on about the funding issue."

Xu Kaiwei also immediately agreed: "Well, I know that IDG's process is relatively complicated, we can confirm it as soon as we can, so as not to always have meetings."

Connor hesitated for a few seconds, turned sideways to communicate with the team for 2 minutes, changed the small plan, and agreed to talk about the investment share today.

Anyway, let's talk first, it's not a big deal to talk.

If you want to talk about share, let's talk about what can be determined first.

Taking Luzhou State Investment as the bottom line of investment in local cities, the conversion of 13 billion Huaxia coins into US dollars is about 1.6 million.

The Huaxia Entrepreneur Industry Investment Foundation received more than 2000 million US dollars from alms.

Fang Zhuo’s own funds are Sohu and Netease stocks that he sold. The current account is 2.4 million US dollars. Netease stocks have not been completely sold out. According to its still rising trend, the final total is about 3 million US dollars more than expected .

1.6+0.2+3=4.8 million.

The goal of the first round of financing for the ice core project is $10 billion.

Fang Zhuo thoughtfully erased the odds, and placed the claim share of 5 million US dollars in front of four investment institutions, Goldman Sachs, Deutsche Bank, DCM, and IDG.

"cough."

Xu Kaiwei from Goldman Sachs, Zhang Hongli from Deutsche Bank, and Xiong Xiaoge from IDG cleared their throats when they heard the last number given by the young president.

Clearing the throat is normal, who can't clear the throat when speaking?

Connor from DCM didn't want to clear his throat, so he coughed along with him.

However, after the coughing sound, no one said a word, and they each started to calculate in their hearts.

5 million U.S. dollars, an average of 1.25 million U.S. dollars, not as much money as Luzhou State invested.

This money is indeed a lot, but it is okay for a large organization, but it is only allocated to the leader who finalizes the investment, so he must be more cautious.

What should I do if I am optimistic about the project but don’t want to invest so much money immediately?
Anyway, there will definitely be a second round of financing in the future. If the project takes off, there will be more follow-up investment at that time. Now it is to ask other companies to pay more money to start the project first.

I don't want to pay more, I want other families to pay more, what should I do?
Xiong Xiaoge, who didn't want to pay at all, said first: "Mr. Fang has already raised half of the funds here, which is much more than I imagined."

He was telling the truth from the bottom of his heart. He never thought that Boss Fang would work so hard and be so willing to spend.

Fang Zhuo let out a "huh" and stood up for himself, saying: "My Sina shares are very valuable, and Yike's listing prospects are also good, but I can't just go fishing in the marsh. I also have to consider the risks of purchasing equipment, which is why this round of Financing, I hope that everyone’s joining will enable Bingxin to develop smoothly.”

"In the subsequent second round, I will definitely pursue more investment, so let me express my position first."

The meaning of the young president is that I will not be so short of money in the foreseeable future, and there will be no major problems in the future capital chain of this project.

"Mr. Fang's Sina and Yike are really promising." Xiong Xiaoge praised the field, indicating that the investment institution showed his comrades in the same trench with his eyes, and then said, "We IDG is willing to claim more shares and has confidence in this project. .”

Xu Kaiwei asked with a subtle expression: "The four teams are equally divided at 1.25. Mr. Xiong wants to vote more, that's okay, but he can't take my share."

His implication is that Goldman Sachs invested at least 1.25 million US dollars.

Zhang Hongli laughed and said, "Then who will take it? If anyone is not optimistic about Bing Xin and Mr. Fang, will he sit here? And he can't take my share. Are we short of money to open a bank?"

He handles business in China on behalf of Deutsche Bank, and the amount of funds that can influence decision-making is very high. Whether to invest or not is another matter.

Connor laughed loudly: "You are going to take my share in a few words? Is our DCM out of money or something?"

Several people laughed.

Everyone has money. Since they want to invest in semiconductors, no one is short of money.

Xu Kaiwei persuaded: "It's not that DCM has no money, let's not talk about Mr. Xiong. We Goldman Sachs and Deutsche Bank both participated in SMIC's first round of financing. I heard that this time DCM will invest in SMIC's second round. Mr. Fang Here, we vote more, and also reduce the pressure on DCM."

Connor flatly refused: "There is no pressure on our DCM. The center core and ice core are both very good projects."

Zhang Hongli said: "Wait, the investment share should be based on strength. I was almost surrounded by Mr. Xiong. Our Deutsche Bank is not short of money, it is very rich. Not only can we not be occupied, we have to invest more. "

"Mr. Zhang, what are you talking about? Who cares about you? I don't care about you Goldman Sachs, Deutsche Bank, and DCM. Anyway, IDG will invest 1.5 million." Xiong Xiaoge said a specific number with great momentum.

Not to be outdone, Xu Kaiwei said, "We also want 1.5 at Goldman Sachs."

Zhang Hongli smiled and said: "Has Deutsche Bank become a small player? We are also 1.5."

The three said nothing, and 5 million U.S. dollars was pledged to take away 4.5 million U.S. dollars in a blink of an eye.

Fang Zhuo nodded slowly and smiled slightly: "In this case, then..."

"Hey, wait, what's the joke? I didn't agree with this, and I said that our DCM will invest 1.5 million!" Connor was a little anxious, did he really cut his own share?
There are only so many in total, how can you divide them up, if you are not proactive, just give them points.

Fang Zhuo murmured: "It stands to reason that more money is better. However, this is the goal of our first round of financing. Which one can wait for the second round to invest."

He looked around, and unfortunately, no one was willing to vote less.

However, even if these four companies call for 1.5 million, the young CEO is stubbornly unwilling to ask for more money than 1.5*4=6 million.

The scene froze for a while.

Zhang Hongli of Deutsche Bank placed his chips: "Mr. Fang, our Deutsche Bank has done a lot of business in China in the past two years, not to mention our influence in Europe and the product market of the fab. Deutsche Bank can help."

"Heh." Xu Kaiwei of Goldman Sachs also has bargaining chips, "We Goldman Sachs has influence all over the world, and Ice Core will definitely help with equipment procurement."

Xiong Xiaoge from IDG gave the reason: "IDG and Mr. Fang have always had a good cooperative relationship, and they are good partners on the road of enterprise development. I believe Mr. Fang should know this."

Good partners can bring help such as people acting in concert on equity, and feelings and feelings are also valuable.

Fang Zhuo took a sip of his coffee and looked at Connor of DCM.

Connor is a little confused, why don't you let him invest money because he doesn't have any talent as a co-author?

Don't say, DCM has it, and the other three have it. DCM is just a stinky venture capital that focuses on early stage investment!

"Hey, you guys are going to eat up my share." Connor laughed in a daze, "You guys are still bullying people together."

Fang Zhuo waved his hand: "Everyone is discussing, and they are all rushing towards the goal of making the ice core, I will stroke it, I will stroke it."

The young president pondered: "How did you say it at the beginning? Oh yes, the root cause is that Mr. Xiong said to invest more, and those of you who are not short of money should also invest more. Let's not talk about whether to invest more or not. Still according to the share of 1.25."

"Which one is less than 1.25, the one who is willing to invest more will make up."

"According to our initial budget, 1.25 million is 11.25% of the shares, which is also a very reasonable share."

The four companies each hold 11.25% of the shares, Luzhou State Investment holds 14.4%, China Enterprise Investment Foundation holds 1.8%, Fang Zhuo holds 28.8%, and finally there is 10% of the option pool.

The option pool will be held by a third-party company, which is basically controlled by Fang Zhuo. In addition to Luzhou State Investment, the control of the enterprise is guaranteed.

Such an investment and equity allocation is much more reasonable.

There was a sound of discussion in the conference room, and the respective teams gave their opinions.

Fang Zhuo drank his coffee and observed the performance of the three organizations.

After a while, DCM's Connor said first, "No problem, this number is fair to everyone."

Zhang Hongli of Deutsche Bank also nodded: "1.25 is 1.25. Since the share can be determined, let's implement it as soon as possible. Mr. Fang will go to Beijing at the end of the month."

Xiong Xiaoge from IDG and Xu Kaiwei from Goldman Sachs both agreed. They said that there should be a framework by the end of the month, and the content of this framework will come out soon.

Seeing that no one objected, Fang Zhuo respected everyone's opinions and said: "Then we will make a preliminary decision like this. You should follow the internal procedures. I will let the company follow up with the four of you from tomorrow. The fifth investment meeting is temporarily It won't open, we will open it again when I come back from the capital."

Collective resolution, contact separately, set aside time for easy operation.

Connor nodded seriously.

Zhang Hongli picked up the coffee cup: "No problem, today is considered to have made some progress, it is not convenient to drink, and coffee will be used instead of wine. I hope there will be better news from the fifth meeting."

He got up to clink glasses with Connor.

Xu Kaiwei also clinked glasses with Connor, and then clinked glasses with Zhang Hongli.

Xiong Xiaoge clinked glasses successively from Connor, Zhang Hongli to Xu Kaiwei.

"The coffee is very mellow, and I hope we can taste the champagne to celebrate the victory as soon as possible." Fang Zhuo looked at the group of people, and then at the smiling DCM Connor, feeling somewhat complicated.

Once upon a time, I was alone in the face of venture capital.

Unexpectedly, for the sake of semiconductors, I have to join forces with Goldman Sachs and the others.

This is what life forces us to do as a last resort.

This life, even the air is filled with the smell of money.

Fang Zhuo put down his coffee cup and looked at the donors in the conference room with a proper smile on his face.

"Our DCM has to thank Mr. Fang for the fair division of shares. I will confirm the process as soon as possible after I go back." Connor thanked the young president. Today's trip is okay. Although it is a bit unplanned, it is also practical. I saw the progress of the project.

Fang Zhuo took a breath of the money-scented air, and shook hands with Connor vigorously: "You're welcome, it should be, we are a win-win and mutual benefit, healthy development, Connor, don't be polite to me."

Connor said with a smile: "That Fang always don't be polite to me, just communicate directly if you have anything to do."

Fang Zhuo let go of his hand, and said seriously, "I've never been polite."

Connor liked the young president's sense of humor from the first meeting.

He smiled, turned around and greeted the other three companies, and quickly ended the fourth investment meeting happily.

(End of this chapter)