Rebirth of the internet boss

Chapter 78 Rejection
Seeing that although Li Feng kept saying "welcome investment and hope to cooperate", the expression on his face was always unpredictable. This made Fu Qiang, who is often sought after by many start-up companies, somewhat uncertain.

In order to get the first investment, how many rejections, how many times have to say good things, and how many times have you asked for a business plan? Even Ma Yun has suffered 37 rejections.
Entrepreneurs have always been looking for venture capital funds. Many people almost burst into tears when they actually got their first venture capital investment.

On the contrary, everything was reversed for Li Feng, and it became a venture capital begging for a stake in Fengrui, which hurt Fu Qiang very much and never dared to raise the valuation.

In fact, Xiong Xiaoge of IDG Capital did not mean to be optimistic about Fengrui, because he thought Li Feng's entire entrepreneurial team was too young, but under Fu Qiang's strong opinion,
Only then did he agree to invest in Fengrui, and the valuation given was relatively low, which is why Fu Qiang didn't talk about valuation when he first came up, but to pull relationships.

Also, the sentence "Mr. Li is a genius from the sky" just now was not said by Xiong Xiaoge, but by Fu Qiang himself, but he said it with the help of "China VCNo.1", which may have a different effect.

Facing the motionless Li Feng, Fu Qiang had no choice but to give his own answer, and directly extended "a slap" to Li Feng, motioning twice.

Seeing Fu Qiang's answer, Li Feng didn't expect that since IDG gave Feng Rui such a high valuation, it was far beyond Li Feng's expectations. Didn't everyone say that IDG is picky?
Therefore, Li Feng happily said to Fu Qiang: "5 million US dollars, the conditions are good! Mr. Fu really thinks highly of our Fengrui company, I think we can talk about the specific conditions."

At this time, Fu Qiang said embarrassingly: "Mr. Li, it is 5 million RMB, not US dollars!"

Li Feng was taken aback, his face was a little ugly, and then he frowned and asked: "Mr. Fu, is this true? There is only a valuation of 5 million RMB, which is less than 1 million US dollars.
You don't seem to be clear, we can earn [-] million in a month from "Miracle MU", and I only need to persist for a few months to earn it back. Why do we need financing! "

Li Feng almost pointed at Fu Qiang's head, are you fucking insulting my IQ!
Fu Qiang knew that this valuation was a bit difficult, but he still argued: "Mr. Li, this is a reasonable valuation given by IDG based on various factors. After all, the entire entrepreneurial team of Fengrui Technology is still too young, and the future is uncertain. too much sex

However, I can propose to Mr. Xiong to increase the valuation to US$1 million, but we have to pay US$4000 million, accounting for 40% of the shares, and we must set up a board of directors, and we IDG must have seats that match the shares! "

Fu Qiang raised IDG Capital's conditions in one breath, and looked at Li Feng again, only to see that he had no other reaction except a little annoyed.

Fu Qiang suddenly felt a sense of frustration, as if the person facing him was not a young man, but an adult in his prime.

Li Feng scratched his head and asked lightly: "Mr. Fu, if I remember correctly, some time ago, IDG also participated in Shengda's financing.

It’s just that in the end, Shengda took the investment from Softbank Saifu, and Softbank gave Shengda a valuation of nearly 2 million US dollars, and only 4000 million US dollars only got 21% of Shengda’s shares.
Although we are still some distance away from Shengda, but in terms of our current profitability, I think it may only be a matter of time before we surpass Shengda.

And I also think that being young is also our greatest advantage. Being young means unlimited possibilities!
And the price you gave is far from meeting my requirements, so, Mr. Fu, this cooperation is very regrettable. "

Fu Qiang smiled wryly, IDG was the first to discover Shanda, but unfortunately because of the sudden popularity of "Legend", Shanda's valuation was too high,
In addition, the amount of funds managed by IDG was not large at that time, and it mainly invested in some angels and early-stage A-round projects, so Softbank had an opportunity to take advantage of it.

When Li Feng declined, Fu Qiang didn't take it seriously, but continued to fight for it: "Mr. Li, I think what you need most at this stage is not money, but resources, contacts and experience.
Moreover, we have also invested in companies such as Sogu, Baidu, and Tengxun. We can all cooperate with each other.
There is also the matter of valuation that cannot be discussed, so please think again, or discuss it with your partners! "

Li Feng didn't speak, just smiled without saying a word, motionless, the hint was obvious.

Helpless, Fu Qiang had no choice but to stand up, took out a business card from his pocket and handed it to Li Feng, "If Mr. Li changes his mind, he can call me at any time, I think we can talk about anything!"

Fu Qiang felt that he already had a high opinion of Fengrui, but in the end he never expected that Fengrui would achieve such a great achievement later on.

Fu Qiang thought he just missed a "tree", but he didn't expect to miss the whole "forest".
This has become the biggest regret in Fu Qiang's life. Obviously he was the first to discover it, and he was also the first to come to the door. "I thought it was bronze, but I didn't expect it to be a king! It's still the strongest king!"

"Okay! I will definitely consider it!"

Li Feng shook hands with the other party, watched the other party's back as he left, and smiled meaningfully.

After Fu Qiang left, Cheng Lan walked in.

Cheng Lan knew that Li Feng spoke casually, and was also very concerned about the issue of "company financing", so she directly asked Li Feng, "Mr. Li, are IDG and the others planning to invest in us?"

Li Feng replied casually: "Yes, 4000 million US dollars, which will account for 40% of our company's equity! But I directly refused!"

Cheng Lan suggested: "Just rejected it? Why don't we talk about it?"

It's not that she doubts Li Feng, everyone admires Li Feng's long-term vision and grand layout. Now that Fengrui Technology has achieved such great achievements, it is iron proof.

But she knows that Li Feng wants to introduce strategic investment now, and IDG is the largest and most formal venture capital fund in the country, so it's fine to talk about it again, and it can't be jumped at once.

"Money is one aspect. The key is that the demand for shares exceeds my bottom line, and IDG's attitude is obviously not correct. Now it's not us asking for venture capital, but the venture capital is asking us!" Li Feng said lightly.

Cheng Lan knew that Li Feng attached great importance to Fengrui, but Cheng Lan didn't know the price in Li Feng's heart, but as the company's specific contact person, she still asked with concern: "Mr. Li, how much valuation do you plan to ask for?"

Li Feng thought about it seriously, and said with a smile: "The valuation should start at least 2 million US dollars, we can't be worse than Shengda, and the financing shares can't exceed 20%, I think it can still be negotiated!"

"From 2 million US dollars!" Cheng Lan provoked Xiumei, feeling that Li Feng's asking price was too high, and asked worriedly: "Mr. Li, if your asking price is too high and scares away all the venture capitalists, what should I do?
We must know that domestic Internet companies are not limited to us, and there must be many competitors by then! "

Li Feng said confidently: "Trust me! Besides, we are not short of money now, and we are not in a hurry to raise funds. There is no valuation of 2 million US dollars in the future, so we don't even need to talk about it.
Besides, since the first venture capital has come to the door, I believe there will be a second and a third soon..."

As soon as the voice finished speaking, Li Feng's cell phone on the desk rang. Seeing that it was Yang Xiao's call, Li Feng happily picked up the phone.

Li Feng connected the phone, and before he could speak, he heard Yang Xiao's shout from the opposite side, "Feng, save me!"

Li Feng's expression became serious for a moment, and he calmly said: "Xiao'er, don't panic, where are you, what's the matter...Okay, I'll be there right away...you must hold on...don't open the door, you must wait for me!"

Li Feng put down the phone and directly ordered Cheng Lan: "Ask all the company's security guards to follow me."

After finishing speaking, Li Feng hurried downstairs. While running down the stairs, he called Wu Nan and asked him to wait downstairs.

　I just came back today, and there will be two updates tomorrow, around 10 o'clock in the morning and evening. If there is no update in the morning, I will update it together in the evening. The only thing I am proud of is that I have not interrupted the update. This week I will push it by category. I hope you will continue to support and vote more. !Thank you!

　　
　
(End of this chapter)