There is a bar in Houhai

Chapter 106 Chapter [-] Character Beating
Zhang Yiming is not from the entertainment circle, nor from the media, nor is he an agent.He knows nothing about the entertainment industry, and the industry he focuses on is the Internet.Graduated from the software engineering department of Jinkai University, he is almost desperate.

Zhang Yiming can be said to be a genius. He spent an hour during lunch time writing a small program to solidify and store his own needs in the program, and let the website machine automatically search for him at regular intervals. Once there are search results, he will be notified by text message.Less than half an hour after writing this program, Zhang Yiming received a text message and bought a ticket.There is no need to buy scalper tickets, and there is no need to stay in front of the computer all the time. This small program is named "Recommendation Engine" by him.

In 12, he left Kuxun to start his own business and founded Character Beat Technology Co., Ltd. to make the "recommendation engine" more specific, and use this small program to develop a mobile application called "vertical search".And in July 2012, it received an investment of US$7 million from SIG and a bridge loan of US$100 million.

For SIG, it is Zhang Yiming who invested. They are waiting for the failure of Zhang Yiming's fifth venture. They very much hope that Zhang Yiming can return to Kuxun. In February 2013, Character Beat had spent all its investment, and SIG's 2 million loan was about to expire. SIG made a condition that as long as Zhang Yiming returns to Kuxun, the funds will not be recovered.

Zhang Yiming is very unwilling. In his opinion, the information explosion brought by the mobile Internet has made people face more and more choices. Faced with information overload, people are often at a loss.In this case, the method of information acquisition will no longer be the manual editing mode adopted by traditional media, but a more intelligent and personalized automatic recommendation, and the recommendation engine will begin to show its technical advantages and exert its power.

"I'm really not reconciled. With the popularization of 4G, the Internet will become more and more mobile. The more you are on the mobile Internet, the more you need a personalized personal information portal. We were born for the mobile Internet." Zhang Yiming He drank the whiskey in the glass in one gulp, and his face turned red because he was not used to high alcohol.

Shen Fang handed him a tissue and looked at the entrepreneur in front of him.There are countless unwilling people like him in Yanjing, and even more in Silicon Valley.

"What are you going to do?" Shen Fang asked Fang Yuan to get him a glass of water.

"I'm going to sell my house and car, first redeem the shares of SIG, and repay the loan. I have great confidence in my recommendation engine, and I don't believe that I can't find someone who knows the goods." Zhang Yiming was about to break the boat. He has always been very calm and chose to gamble this time, betting on the future of the mobile Internet.

Shen Fang was a little moved by Zhang Yiming's determination.The person in front of me is only about 30 years old, and has already made a big name in Yanjing's Internet industry. He has a car and a house. If he takes a step back, he will still be the CEO of a company with a market value of hundreds of millions of dollars, but he chooses to gamble. In addition to confidence in your own products, it is more confidence in yourself.He believes that even if he falls, there will still be a day when he can get up.

Zhang Yiming also wanted to laugh, what happened to him?Why is the self who once claimed to be wise and calm talking so much today?How could you talk about the future of mobile internet with the bar owner in front of you?By the way, I just want to get drunk and vent my decadence of being rejected by investment banks recently.

"How about I introduce an investment company for you?" Although he didn't know much about his "recommendation engine", Shen Fang decided to help him.

"You?" Zhang Yiming looked at the boss who was younger than himself, and asked in disbelief: "What I need is not a small sum. My company is now at a bottleneck in development, and I need at least 1000 million US dollars to get through the current situation." difficulties."

"It's okay, I'm just introducing it. Have you ever heard of Wild Fox Investment Company in San Francisco?"

"Wild Fox?" Zhang Yiming thought for a moment. The news that Wild Fox gained a large amount of money last year happened to be the time when he got his first investment. A wild fox with a billion dollars?" Zhang Yiming immediately regained his spirits, the wild fox company has always been known for its precise investment and never misses, if it can invest in its own company, it will definitely attract the attention of other investment companies.

"This is the company. This is the business card of their CEO. The company's address is at Rongchuang Center in Wangjing. You can go to them tomorrow with the information." Shen Fang handed Cai Ruiheng's business card to Zhang Yiming.

After the establishment of the Beijing Cultural Theater Company, Shen Fang erected the sign of the Wild Fox Investment Company. After all, the large sum of money needed to acquire the theater had to be transferred from overseas. The current staffing of the Wild Fox Company is only two people. The boss Shen Fang, CEO Cai Ruiheng, and Pan Yunxi of Wild Fox Film and Television will temporarily be in charge of the financial review.

"Wangjing Center?" Looking at the exquisitely crafted business card in his hand, he should not be a liar. At worst, he would make a trip tomorrow for nothing. Anyway, he has never been safe for years, and this time is not bad.

"Thank you, Boss Shen. If the financing intention can be reached tomorrow, I will book a room at your place to celebrate." Zhang Yiming bowed to Shen Fang excitedly.

The next day, Zhang Yiming arrived at the Rongchuang Center on time at nine o'clock. After taking the elevator to the 22nd floor, his heart felt cold for a moment. The nameplate facing the elevator read "Yanjing Wild Fox Film and Television Production Company" .

Did Boss Shen make a mistake?Do you hear Wild Fox Film and Television as Wild Fox Investment?That's not right, he gave himself a business card that said "Wild Fox Investment".Regardless of him, go ask the front desk lady.

"Hello. May I help you?" The receptionist was very polite, seeing the man in front of him hesitated for a while before the elevator, not knowing what to do.

"Hello, is there a wild fox investment company here?" Zhang Yiming asked uncertainly.

"Wild Fox Investment?" The receptionist was also very confused: "We are Wild Fox Film and Television, may I ask you to find the wrong place?"

"No, it says here on the business card." Zhang Yiming picked up the business card again to confirm.

"Wild Fox Investment Company is here." At this moment, a voice came from behind.

"Mr. Pan, good morning." Seeing Pan Yunxi standing behind Zhang Yiming, the receptionist greeted hurriedly.

"Hello, Wild Fox Investment Company has not been listed yet, they just finished the industrial and commercial registration process, they don't know much about it." Pan Yunxi explained to Zhang Yiming who was a little confused: "Wild Fox Investment Company is not only the main In addition to the investors, it is also the main investor of the Beijing Cultural Theater Company, and because the investment in the theaters will cost a lot in the future, this investment company was established to transfer overseas funds in.”

"Oh, so that's the case." Zhang Yiming finally understood the ins and outs of this company: "Since it hasn't been listed yet, how does Boss Shen know?"

"Boss Shen?" Pan Yunxi looked at Zhang Yiming and asked playfully, "Are you talking about Boss Shen from the bar in Houhai?"

"It was him, he gave me a business card and asked me to come and seek financing."

"This brat, he didn't come to work, but he helped us find something to do." Pan Yunxi complained in a low voice, and then said to Zhang Yiming: "Come on, take your project information with me, and I will take you to the company CEO."

Cai Ruiheng happened to be in Yanjing to discuss cooperation matters with Huo Mingda these two days. "Huaxia Partner" is about to premiere. As the first film released by Wild Fox Film and Television, Huo Mingda is going to hold a relatively grand premiere The premiere is to highlight the momentum of the Wild Fox Company, and Cai Ruiheng also wants to use the Yanjing flagship store of the Shanghai United Cinemas as the venue for the premiere to achieve a win-win situation.

"Mr. Huo, Mr. Cai, Director Pan has something to ask for you." The two who were talking about the matter received a notice from the secretary.

"Let her in. It just so happens that there are some expenses related matters that need to be reported to her in advance."

Seeing a 30-year-old man who came in together, Huo Mingda asked, "Director Pan, who is this?"

"Mr. Huo, this is Mr. Zhang Yiming from Character Beat Technology Co., Ltd. Mr. Zhang was instructed to come here to find Mr. Cai to invest?"

Cai Ruiheng was surprised and said, "You're looking for me? Our Wild Fox Investment Company hasn't been listed yet. May I ask Mr. Zhang, who directed you to come here?"

"Who else can it be, except for that stinky boy Shen Fang, who else can it be." Pan Yunxi complained from the side.

"Oh, it was introduced by Young Master Shen." For Shen Fang, Pan Yunxi can call him whatever he wants, but Cai Ruiheng can't.Moreover, the two have worked together for many years, Cai Ruiheng has always admired Shen Fang's vision, as long as he has a fancy project, he has never missed it.

Cai Ruiheng smiled and said to Huo Mingda: "Mr. Huo, I have a business to deal with here first. You and Director Pan will calculate the investment for the premiere ceremony first, and I will come over after I finish the discussion."

Cai Ruiheng brought the confused Zhang Yiming to his office. "Mr. Zhang, please sit down. Would you like tea or coffee?"

"Drink tea." Zhang Yiming, who was born in Fujian Province, still likes to drink tea, even if he asks for it, he will not change his preference.

Cai Ruiheng ordered the secretary to brew two cups of Longjing that Shen Fang sent: "Mr. Zhang, have you brought your materials? Can you show me first?"

Zhang Yiming took out the financing plan that he had delivered countless times in the past few days from his bag, and hoped that he could have a satisfactory result this time.

After receiving the tea from the secretary, the tea leaves in the transparent glass fluctuated up and down in the cup, and my mood was as uncertain as the tea leaves. This can be said to be my last chance. If I don’t succeed, I will only have to sell the car The house is sold.

Cai Ruiheng read it carefully, and only finished it when the secretary refilled Zhang Yiming's second glass of water. After putting down the documents in his hand, Cai Ruiheng asked a question that had nothing to do with investment: "Mr. Zhang, you said that Boss Shen from the bar introduced you You came here, may I ask if he has any comments on your project?"

Zhang Yiming thought for a while and said, "No, he didn't comment. He just gave me your business card and asked me to come and find you."

"Oh." Cai Ruiheng put down the material in his hand, Zhang Yiming looked at it and his heart sank: "We voted for this project."

"What? Voted?" Cai Ruiheng's words made Zhang Yiming a little unbelievable, and stood up from the sofa: "You invested so quickly?"

"Calm down first." Cai Ruiheng stretched out his hand to signal, and then said: "Your financing plan requires 1000 million US dollars, 15% of the shares, we need to adjust it."

"How do you want to adjust? I can only sell 15% at most, otherwise the C and D rounds of financing will not be easy." As long as the intention is reached, the specific details need to be discussed in detail.

"In your A round of financing, SIG invested 100 million US dollars plus a loan of 100 million US dollars, and obtained 10% of the shares. However, you did not continue to seek SIG for this financing. It is probably because the cooperation is not very pleasant. I am not happy to cooperate with everyone. , it’s better to kick them out.” Cai Ruiheng immediately pointed out the problems in Zhang Yiming’s financing plan.

"You continue." Zhang Yiming did not tell Cai Ruiheng the current predicament, but wanted to hear his opinion.

"We paid $500 million to acquire 10% of SIG's equity, and we also assumed the loan of $100 million. We also invested an additional $1500 million to acquire 15% of the equity, of which 5% must be non-dilutable."

"Non-dilutable?" This condition made Zhang Yiming hesitate. This is the B round of financing. If he followed his own thinking, he would have to go through at least five rounds of financing before going public, and 5% of the equity could not be diluted. Although it is an extra $500 million, but In the long run, I still have some losses.

"2%, up to 2%, if there is more, after the E-round financing, this clause will become a constraint on our development. But I can guarantee that the market value of this 2% equity before listing will not be less than 1 million US dollars. If it is lower For this amount, I will make up for it myself." Zhang Yiming calculated in his heart and gave his bottom line.

"US$1 million? A market value of US$50 billion?" Cai Ruiheng thought for a while: "Okay, 2% is 2%, but we need the right to lead the C round of financing."

"That's fine. If everyone cooperates happily and makes a fortune together, I also hope to find an investment company with a long-term vision as a partner." Zhang Yiming stretched out his hand.

Cai Ruiheng held out his hand and said with a smile, "Happy cooperation!"

With the assistance of the company's legal staff, the two signed a letter of intent for the financing agreement. Cai Ruiheng will first call them the $500 for the acquisition of SIG's equity, and the investment will take effect when Zhang Yiming goes back to deal with the company's equity issues.

Cai Ruiheng sent Zhang Yiming to the elevator entrance. Before entering the elevator, Zhang Yiming couldn't help asking: "Who is Boss Shen at Houhai Bar? Why did you agree to invest so readily?"

Cai Ruiheng said with a smile: "He is my boss. He is also the boss of this film and television company."

Seeing Zhang Yiming disappear with the closing of the elevator door with a blank face, Cai Ruiheng couldn't help laughing.

(End of this chapter)