My rebirth is different

Chapter 377 The Purpose of Letting Jiaotong University Enter
Because in the future, Facebook will continue to burn money on a large scale, and will not consider profitability at all in a short period of time, and it is impossible to make profits.

Then, Facebook will conduct several rounds of financing.

The next few rounds of financing will not only depend on the specific development of the company at that time, but also refer to the valuation of the first round of financing. Therefore, in this first round, it is best to find someone who can give the highest possible valuation and is not so greedy for shares. venture capital.

Hearing Yu Wenfei said that the company has plans to raise funds, Principal Lin became interested. He turned to look at Principal Li: "There must be a venture capital company in our school. In Yu Wenfei's case, it should be a very high-quality investment target!"

Shanghai Jiaotong University established a venture capital company in 2000, named "Shanghai Jiaotong University Venture Capital Co., Ltd."

This company is a professional venture capital company jointly funded and established by Modu Venture Capital Co., Ltd., the People's Government of Xuhui District, Modu, and Jiaotong University, Modu.

Backed by the "Shanghai Jiaotong University Entrepreneurship Fund", the company has strong capital, technology, talent, policy and other advantages.The fund is mainly used for investment in high-tech development and industrialization projects in Shanghai Jiaotong University and Xujiahui technology-intensive areas.

Principal Li nodded repeatedly and replied, "Yes, it really meets the investment requirements of our venture capital company."

But then he remembered something, and said with a wry smile: "Student Yu Wenfei's project is very good, but if it's too good, we might not be able to invest."

Principal Lin was very puzzled and asked, "Why?"

He does a lot of academic work and doesn't know much about these complicated businesses, but Principal Li does.

He explained: "Our venture capital company mainly invests in start-up technology companies. The investment amount is generally around one million, and at most it will not exceed [-] million. But the company of Yu Wenfei is too big. Already! Once financing starts, the company’s valuation is likely to be billions! We can’t afford to invest..."

Principal Lin was dumbfounded. He didn't expect that the answer turned out to be that the school couldn't afford it.

The atmosphere suddenly became a little awkward. I wanted to give Yu Wenfei a little help, but it turned out that he had "grown up" and I couldn't help him even if I wanted to.

Yu Wenfei smiled lightly, took over the topic and said, "I personally welcome the school to invest in Star Technology, and the investment doesn't have to be all paid by an investment company, it can also be a joint investment. To tell you the truth, the two principals, The future of Star Technology has great development! The first round of financing may also be the best opportunity for the school to invest in shares, so don’t miss it.”

He hoped that the school would be able to invest in the shares, but of course the premise was not to take away too many shares.

If a semi-media website like Facebook develops to a certain stage, if the background is not strong enough, you will have to wait for three days to be checked every now and then, because it is too sensitive and too important!

In China, the country will not let go of the media easily.

Therefore, Yu Wenfei hopes that Jiaotong University, as his alma mater, and a prestigious school with strong strength and influence in both politics and business, can become a shareholder of the company.

In this way, in the future, when Facebook develops to a certain scale and its influence is large enough to attract the attention of the government, Jiaotong University will be able to solve too many troubles for itself.

He didn't value Jiaotong University's money, but mainly came for Jiaotong University's influence.

It is also taking money from investment companies, why not find someone with a strong background who can bring more help to yourself.

As for some investment banks with only money and no background, let them wait.

If you really want money, it won't be long before there will be a lot of VCs waving banknotes and asking the price as they like.

As a matter of fact, the company's phone calls have been almost exploded by major VCs!
They are all asking if Star Technology has any financing plans, and want to come and send investment.

Even in the cold winter of the Internet, companies like Star Technology Facebook still shine brightly.

As long as you are not stupid, you can see how bright the future of this company is. Are there any fools in VC?
Obviously not!

However, Yu Wenfei refused all of them, and he didn't say anything dead. He just said that the company's funds are still sufficient. If you want to invest in Star Technology, please leave your contact information and wait for the notification.

Seeing Principal Lin and Principal Li intend to invest in Star Technology today, of course he will not let go of this opportunity.

…………

Hearing Yu Wenfei's words, Principal Li's eyes lit up.

That’s right, as long as the school can buy shares, it doesn’t need a lead investor. It’s enough to find a large investment bank with strong strength to cooperate, and the school’s venture capital company to follow.

The school didn't invest in Star Technology to make money, but mainly to express its support for Yuwenfei.

And bind the two more tightly together.

Both principals could see that the young man in front of him was obviously better than they had imagined, and his future was limitless.

Then, before he soared into the sky, the school provided him with maximum assistance, so that he could imprint the brand of Jiaotong University on Yu Wenfei and Xing Technology, and achieve the desired effect.

"Yes! This method is good. Lao Li, you should hurry up and handle this matter. Isn't there a lot of students in our school who work in investment banks after graduation? See if there are any strong investment banks and contact them. This is their junior brother Let them not calculate too much, it is also necessary to support the juniors, haha..." Principal Lin said with a smile.

Thin body, but loud laughter.

…………

A graduate of Jiaotong University in Shanghai, there are also several well-known figures in the venture capital world.

For example, Xue Chunhe, managing partner of Softbank China Capital.

Many people know that Softbank invested in Lao Ma's Ali and obtained unimaginable returns.

But few people know that Xue Chunhe played a huge role in Softbank's investment in Ali.

The story of Softbank and Ali has been interpreted in the folks as "the old horse showed great power, convinced Softbank Masayoshi Son, and obtained 6 million US dollars in financing in 2000 minutes", but the real version is far from limited to this.

In October 1999, as the preparations for the China SoftBank Fund came to an end, Masayoshi Son came to China and, with the help of Morgan Stanley, selected a group of Internet projects with good qualifications to meet.Sunil Gupta, an analyst at Morgan Stanley Asia Internet Research Company, thought of his old friend Ma Yun, so Ma Yun was recommended to Sun Zhengyi.

Sun Zhengyi gave each interviewer a chance to present their projects within 6 minutes.After the statement, Ma Yun's team received preliminary approval from Sun and his investment team, but Sun Zhengyi did not decide whether to invest in Ma Yun at this time.

At this time, Xue Cunhe, head of Softbank China Fund, who reversed the fate of Alibaba, appeared.

(End of this chapter)