The investment era of rebirth

Chapter 254 Investing in 'Zi Jump Network'!
"The word jumps on the Internet, the name is so strange." Xie Wanting said subconsciously.

"'Zi Tiao' means the organization and distribution of information in the era of information explosion." Su Yu, amidst Xie Wanting's emotion, looked at Mr. Zhang Yiming next to Gu Shenyan with a smile, and asked, "Zhang Anyway, that should be the meaning, right?"

Zhang Yiming was shocked when he heard Su Yu's understanding.

Indeed, Su Yu's analysis of the meaning of "Zi Tiao" was his original thought when he founded the company.

"Mr. Su is also a network technology background?" Zhang Yiming asked in great surprise.

"No!" Su Yu shook his head with a smile, looking at the founder of the future "Internet Giant" who is only 29 years old and has only founded "ZiTiao Network" for a year, and has not grown up at all, replied, " I just read a lot of related industry research reports on 'Mobile Internet', and I probably guessed the meaning of Mr. Zhang's two words."

"Is President Su also very optimistic about the future of 'mobile Internet'?" Zhang Yiming saw that Su Yu could perfectly understand the meaning of the word "zitiao" he used, and felt that he had met someone who was like-minded. For a while, he couldn't help feeling a little excited, " Is President Su optimistic about the development of information organization and distribution?"

"Very optimistic!" Su Yu said without hesitation, "It's a pity that I don't know technology, originally..."

Su Yu paused, took a look at Gu Shenyan, and then continued: "I originally wanted to invest in such a company, but after real research, there are companies that focus on this technology in the market, and they have scaled up. Basically, there are not many."

"Then...how does Mr. Su think of our 'zitiao network'?" Zhang Yiming couldn't help asking.

The reason why he is here tonight is that the initial financing money of 'Zi Tiao Network' has been burned, and in the basic situation of the 'mobile Internet' industry that is still exploding, he needs to raise more money for development The company has a first-mover advantage in the special technology track he developed, riding the east wind of "mobile Internet".

The DST investment company that Gu Shenyan works for is the first investment institution he contacted after he made up his mind to raise funds.

Of course, the reason why he approached DST Investment Company.

On the one hand, it is because this investment company likes to invest in the domestic Internet industry very much, and he can get relatively favorable financing conditions; on the other hand, it is because he has had contact with Gu Shenyan before, so they can be regarded as friends.

"Very optimistic!" Su Yu replied firmly, "In the era of information explosion, people will waste a lot of time screening information. If it can be expressed through a technology, it will accurately push the useful information that everyone wants to see to In front of them, its traffic acquisition and user acquisition will definitely get twice the result with half the effort."

"That's true!" Xie Wanting interjected in response, "Every time I look for useful information in the market, I have to search for a long time, and now the search engine is not as easy to use as before. Often when it comes to information retrieval and collection, there will be A lot of time wasted."

"I didn't expect my younger sister and Mr. Su to be so optimistic about the future of network information organization and distribution." Gu Shenyan said in surprise, "I heard that Mr. Su's 'Yuhang Investment' company not only participates in secondary market investment, but also invests in the secondary market. I have also dabbled in equity investment in the primary market, I wonder if Mr. Su is interested in the project of 'Zi Tiao Network'?"

Su Yu never expected that Gu Shenyan would take the initiative to bring it up at this time. He was very surprised in his heart, but on the surface, he was still smiling and said calmly: "The so-called gentleman does not take what others like, although I am optimistic about the word jump network ', but since Mr. Yan and you DST have already got in touch with this project, then it's not easy for me to get involved?"

"President Su is thinking too much!" Gu Shenyan said, "The financing conditions that President Zhang wants cannot be met by our DST alone."

"No way?" Su Yu was really surprised this time.

According to his impression, DST Investment Company is a powerful investment company. Although it is a Russian-controlled investment company, its financial strength should not be underestimated. It has also invested in many Internet companies at home and abroad, and basically , are all large investments of more than [-] million US dollars.

"Mr. Zhang's demand is around 5000 million U.S. dollars." Gu Shenyan said, "But our DST investment company only has a maximum amount of 3000 million U.S. dollars for this project. The key to Mr. Zhang's meal discussion."

"It's just that I didn't expect to meet Mr. Su here..."

"I know that although your 'Yuhang Investment' company has been established for a short time, it has made a lot of money in the financial market. An investment of two to 30 million US dollars should not be a big deal to Mr. Su, right?"

"It means..." Su Yu understood, and said, "Your DST will lead the investment, and our 'Yuhang Investment' will follow the investment, and then complete the entire B-round financing plan of 'Zi Tiao Network'?"

Gu Shenyan said: "Basically, that's what it means. Of course... all of this depends on President Su's wishes. If President Su is not willing, then I can only continue to discuss with President Zhang. Our DST Investment Company will handle the matter." Continue to introduce one or more investment institutions to complete the B-round financing plan that Mr. Zhang wants."

"I don't know Mr. Gu's DST company, what is the current valuation of 'Zijuan Network'?" Su Yu asked, "If the valuation is suitable, I can follow suit."

"Since Mr. Su is interested... let's sit down and talk slowly about the specifics." Gu Shenyan said with a smile, "And I think that since Mr. Su is optimistic about the development in this direction, the market valuation that DST can accept, President Su should... be able to accept it."

Seeing that Gu Shenyan persuaded Su Yu to join in with a few words, Zhang Yiming felt a little admiration in his heart.

In fact, the financing conditions he requested this time are higher than last time. DST Investment Company, under the persuasion of Gu Shenyan, gave the valuation of 'Zi Tiao Network', which is also very favorable to him, and is significantly higher than The valuation level of similar network technology companies in the market.

And this is also the reason why DST investment company agreed to lead the investment, followed by follow-up investment companies, the reason why they are not willing to participate.

This made the B-round financing plan temporarily stranded.

"Okay!" Su Yu pretended to think for a while, nodded and said, "Then let's find a place and talk about it!"

For a reborn person like him, knowing that the 'Zi Tiao Network' will inevitably develop and grow in the future, no matter what price and valuation the other party offers, he will participate.

After all, compared with the market valuation of "zitiao network" in the market outlook of several thousand or trillions.

At this time, even if the valuation led by DST Investment Company is 30% to 50% higher than the market average, compared with the explosive return on investment of hundreds of times or even hundreds of times after the development and growth of follow-up companies, this higher cost , basically can be ignored.

After Su Yu agreed...

Gu Shenyan and Zhang Yiming became familiar with him instantly.

In fact, the age gap between the three is not that big. Even among the three, Zhang Yiming, the oldest, is only five years older than Su Yu. Basically, there is no topic gap, age gap or the like.

Xie Wanting, on the other hand, couldn't get in any words after the three of them got into the conversation.

And the investment project that the three of them talked about has nothing to do with her.

So, after walking out of the restaurant together, Xie Wanting bid farewell to the three of them, and left under the escort of a Rolls Royce that had been waiting for her for a long time.

Afterwards, the three of them came to a quiet coffee shop and ordered a few cups of coffee.

Just sit down and start talking.

"Mr. Su, this is the project team of our DST investment company. Please take a look at Mr. Zhang's several investigations and original valuation documents of the 'zitiao network' company. If you have no comments, let's move on." Gu As Shenyan said, she sent several documents on her phone to Su Yu via Bluetooth, "If there are some things that you think are inappropriate, you can bring them up and we can discuss them together."

Su Yu nodded slightly, accepted the document, and then read it carefully.

Then, about half an hour later.

Su Yucai put down his phone and said with a smile: "I never thought Mr. Zhang would have developed other products besides the core product 'Ji Toutiao' in less than a year after he founded the 'Zi Tiao Network' company, such as 'Connotation Duanzi',' There are 12 apps such as Funny and Embarrassing Way', 'Connotation Comics', and 'Good-looking Pictures', which are amazing!"

"Thank you Mr. Su for your compliment." Zhang Yiming said with a smile, "I think that as long as the algorithm for information organization and distribution is more mature, the scale of related applications, users, and traffic can be further expanded."

"12 applications, 6500 million users." Su Yu said, "The quarterly growth rate of users is around 20%. According to this trend... I don't have much opinion on your DST valuation of 5 million US dollars, but well ..."

Hearing the turning point in Su Yu's words, Gu Shenyan and Zhang Yiming felt a little nervous.

All eyes fixed on Su Yu's face.

But Su Yu smiled and continued: "At the current stage, several major Internet giants have begun to scramble for land. The layout is already the general trend of the 'mobile Internet' field, and the traffic competition in the future will definitely become more and more intense. , I was thinking... in the face of direct competition from these Internet giants, the B round of financing Mr. Zhang wants, a total of 5000 million US dollars, is not enough to burn in the next one or two years?"

"If you want to play, play a big one!"

"I increased the capital from the original planned investment of 2000 million US dollars to 1 million US dollars, how?"

"Boss Su plans to invest [-] million dollars?" Gu Shenyan's eyes widened in shock.

When Zhang Yiming heard Su Yu's words, he was extremely shocked. He never expected that the other party would take the initiative to increase capital under such a high valuation.

"Enough, enough, 5000 million US dollars is enough." Zhang Yiming hastily replied, "President Su is so generous, I am very grateful, but for our 'zitiao network', the financing demand of 5000 million US dollars is enough gone."

$5000 million in financing needs.

It was Zhang Yiming and several partners of the company who carefully determined it after repeated calculations.

This can ensure that the company can develop steadily under the tide of "mobile Internet", and at the same time, it will not be diluted too much by financing institutions early on, and lose a lot of future development rights and profits.

After all...

This is not his first venture.

Although he understands that the company's development is inseparable from the financial support of investment institutions, and financing is unavoidable during the extreme business explosion cycle, but in fact, after having several entrepreneurial experiences, he is still very responsive to the entry of investment institutions. Those who are very wary will never be able to allocate a lot of equity shares in their hands early.

Therefore, for Su Yu's initiative to increase capital.

Although it seems that he can take advantage of the current situation and allow the company to obtain more abundant cash flow, he still refused decisively.

"That's a pity!" Su Yu sighed slightly.

The investment of 2000 million U.S. dollars, according to the valuation standard of the leading investor DST Investment Company, can only occupy 4% of the current shares of 'ZiTiao Network'.

It can only be said... talk is better than nothing!

Of course, compared with the market valuation of "Zijuan Network" in the trillions after 10 years, the 4% equity interest is still worth tens of billions.

However, such a premise is also under the condition that Zitiao Network will not continue to raise funds and its shares will not be further diluted.

And Su Yu knew that this was basically impossible.

"Then let me add another one." Su Yu paused, and continued, "If you have no objections to this one, then I will vote without hesitation."

"What conditions?" Zhang Yiming asked.

"The priority of follow-up financing." Su Yu said with a smile, "That is the financing of the PE stage of 'Zi Tiao Network' in the future C round, and even during the preparation period for listing. We, 'Yuhang Investment', enjoy the same valuation conditions. How does Mr. Zhang feel about the priority of leading the investment?"

Zhang Yiming pondered for a moment, nodded and said, "Yes!"

Su Yu's so-called priority does not actually have much binding force on him, or even the 'zitiao network'.

After all, in the financing stage, it doesn't matter who leads the investment. Whose money is not money?What's more... Based on what he learned just now, he already understood that this young man named Su Yu, who is much younger than him, has gone farther than him on the road of starting a business, and has no future. Can be limited.

It is not a disadvantage for him to make such a friend who is in charge of a tens of billions of private equity institutions.

"Then there is no problem." Su Yu smiled and said, "In the past few days, I asked the head of the venture capital department of my company to deal with the follow-up signing matters. As long as the contract is signed, the investment funds will be credited to the account immediately. One thing, Mr. Zhang, please rest assured that your company's business progress will not be delayed."

"Okay!" Zhang Yiming responded, "Boss Su is still happy."

Su Yu said with a chuckle: "There is no need to hesitate at all for a good investment project. I am also very happy to meet two friends, Mr. Zhang and Mr. Gu today."

"It's still Boss Su's spirit." Gu Shenyan couldn't help but praise.

For a $2000 million project, Su Yu only read the research report for more than half an hour before making the final investment decision, and if Zhang Yiming hadn't rejected it, the other party would have directly invested $1 million, which made Gu Shenyan amazed , I have to admire from the bottom of my heart.

(End of this chapter)