Reborn in Hong Kong as a Tycoon

Chapter 514 New Century Software Financing Completed (Two in One)

At noon on Sunday, Lin Baicheng arrived in Los Angeles by private plane.

I came to Los Angeles today mainly because the financing of New Century Software Company is about to be completed, and the specific time is only one or two days.

When he arrived in Los Angeles, Lin Baicheng naturally returned to his villa in Beverly Hills first.

In the villa, apart from Lin's mother Zhao Huilan, Lin's father Lin Haishan and Lin Qin were not there.As for Lin Shufang, she has already returned to Xiangjiang. She helps Lin Baicheng manage the finances, and it is not good to leave Xiangjiang for a long time.

"Mom, where are Dad and little sister?"

Lin Baicheng asked, in fact, Lin Qin has already started school, but today is Sunday, even if school starts, there should be no classes.

Zhao Huilan said: "Your father has gone to Chinatown and said he couldn't stay at home. As for that girl Xiaoqin, she said she went shopping."

"Mom, I have something to tell you, just wait a moment, I'll go get something."

Lin Baicheng said and walked upstairs. When he came back just now, Qin Lan took his servants to send his things upstairs.

Lin Baicheng went up to get the information of his mother Zhao Huilan's relatives in the mainland. He had decided to tell his mother about this matter. Before that, he just wanted to investigate more clearly and talk about it face to face. Drag until now.

After a while, Lin Baicheng went downstairs with the materials, and told Mother Lin everything from the beginning.

Knowing the situation of the two uncles, Zhao Huilan was very excited, and even shed tears of excitement in front of Lin Baicheng. She had always thought that she would never have the chance to see her relatives in the mainland again in this life. one day.

"Son, can I really go over and see them?"

After the excitement, Zhao Huilan asked a little nervously.

Lin Baicheng nodded: "Yes, I have already asked."

"It won't affect you, will it?"

Although she really wants to see her relatives whom she hasn't seen for many years, Zhao Huilan doesn't want it to affect her son's career, after all, her son is the most important thing.

"Mom, don't worry, you used to visit relatives, so it won't have a bad influence on me."

Lin Baicheng said immediately, comforting the heart of the old man, and what he said was the truth.

"It's fine if it doesn't affect you."

Zhao Huilan couldn't help feeling relieved, and immediately said: "Son, when can I go there?"

Lin Baicheng said: "After I finished my work here in the past two days, when I returned to Xiangjiang, I would contact the two presidents of Xinhua News Agency and discuss with them the time for the visit. The specific time depends on the arrangement there, but I don't think so. It's going to be too long."

Zhao Huilan said: "Mom, don't be in a hurry, you should do your work first. Anyway, I've been here for so many years, and it's not too short of a few days."

"Mom, if you are not so urgent, I will arrange a time when I am not so busy, and then I will go there with you and Dad, and I will meet the two uncles and grandpas together. What do you think?"

Lin Baicheng didn't look down on poor relatives in China just because he was the richest man in Xiangjiang. In fact, a tycoon at his level valued the relationship between relatives more than some money.

Only those nouveau riche who suddenly became rich, but not very rich, would look down on poor relatives, for fear that poor relatives would ask them to borrow money or something.

To put it bluntly, Lin Baicheng donated 1000 million, even if he only gave 80 million, it would be enough to pay off the families of two uncles and grandparents. After all, it will be 1000s next year.Regardless of whether it is [-] million or [-] million, it is not a big amount for Lin Baicheng today.

"Okay, of course you have time!"

Zhao Huilan is of course happy that her son can go with her when she has time.

Lin Baicheng said in relief: "Mom, after I make arrangements, I will tell you, don't worry."

"Mom, don't worry, I've been here for so many years, it's not too late."

Zhao Huilan nodded slightly.

The next morning, Lin Baicheng went to New Century Software Company.

"Bella, how is the financing of the company going?"

"We've already talked about it, and we can make a decision today without accident."

"The company is valued at $5.5 million?"

"Yes, this is the final valuation."

The valuation of New Century Software is only US$5.5 million, mainly because the market potential of office software is relatively small. This is because the company currently monopolizes the market to have such a high valuation, otherwise the valuation will only be lower.

Lin Baicheng is quite satisfied with this valuation. After all, his investment in New Century Software was only US$1000 million. After the financing, his shareholding was valued at more than US$4 million. This investment showed a return rate of about [-] times.

"After the financing is completed, Bella, you will resign from my assistant position and continue to be the manager of New Century Software Company. What you need to do in the future is to develop this company well."

After the company's financing, it is no longer Lin Baicheng's company alone. It is impossible for Isabella, the manager, to handle the company's affairs while also being Lin Baicheng's assistant. This is not allowed by other shareholders, and Lin Baicheng does not want to do this .

"Good chairman, I will develop the company well and explain to you and other shareholders."

Isabella responded, she knew very well that from now on, she and Lin Baicheng will be the boss and professional manager, and the relationship between the two is not as close as when they were Lin Baicheng's assistants.

Lin Baicheng smiled slightly: "I look forward to your performance."

Isabella suddenly said: "Chairman, regarding the sales of the company's office software, our management has thought of a new method, and we need your approval."

"What do you think."

Lin Baicheng became interested when he heard the words. For now, the most important thing for New Century Software Company is the sales of office software, which is related to the company's performance.

"Currently our company's office software is priced at US$199 per copy, and users can use it for 20 years. During this period, the company must ensure that customers can use the new version after the software is updated. It is basically impossible for subsequent companies to start from Profits are drawn from these customers."

The 20-year period of use is basically a one-time sale. After 20 years, office software may be used for free, so Lin Baicheng has always said that this is a one-time sale, because after the period of use expires, there will be no profit. Here comes the money.

"Our management conducted a survey on the current customers of Apple Computers, investigating whether the customers need office software, and found that more than half of the customers need office software, but many people think that the price of office software is too expensive. Because of demand It’s not such a strong relationship, and I’m reluctant to spend money on it.”

"So, we thought, why sell the 20-year service life at once? The company can sell office software with a 1-year, 3-year or 5-year service life, and the price will definitely be cheaper. Customers with a certain demand will choose to buy because of the price drop, so as to achieve the purpose of increasing sales.”

"It's a good idea."

Lin Baicheng couldn't help but nodded slightly after hearing this. In this way, although the customer who originally wanted to buy the $199 office software would choose to use the office software with a shorter service life, the profit is small but the sales are high. In addition, the other party will continue to buy after the service period expires, which is not a loss.

"Your management should discuss first, such as how many years of use and how much the price should be. After you have considered everything, you can submit it to the board of directors."

Isabella responded: "Good chairman, we will discuss it again."

"If there's nothing else, go and get busy."

Lin Baicheng waved his hand and watched Isabella go out.

"I will continue to reduce the shares of New Century Software Company, and even resign as the chairman in the future. At that time, the relationship with Isabella will not be so close, so from now on, some things of mine cannot let her knew."

After Isabella left, Lin Baicheng pondered secretly in his heart.In the future, his shareholding in New Century Software will only be 10% or even less. As the president of New Century Software, Isabella will no longer serve him alone, and she will no longer be his Assistant, so some of his private affairs and business secrets cannot be known to Isabella.

Throughout the whole day, Lin Baicheng was at New Century Software Company, nominally leading the final negotiation of the company's financing.The specific conditions will be discussed by Isabella and the team with other institutions.

The financing of a company is not only about the valuation of the company. For example, what kind of performance to achieve, the priority exit order of shareholders, etc., must be clearly discussed and implemented in the contract.There are no less than one hundred clauses in the contract alone.

New Century Software was valued at US$5.5 million and raised 20% of its shares, or US$1.1 million. After financing, the company was valued at US$6.6 million, and the external valuation was US$7 million.

Before the financing, Lin Baicheng first transferred 5% of the shares as an equity incentive for the management, and then all 20% of the financing was paid by him, so after the financing, he only had 75% of the shares left.

Among them, 5% of the shares were given to the management as an equity incentive. Isabella, Aiden Sherland and Peter Roslin each received different shares, but they were not many, and the total was only two thousandths. , That is, more than 100 million US dollars, the three people share only hundreds of thousands of US dollars in shares.

This round of financing was led by Goldman Sachs and Citigroup, which each took 5% of the financing, Hutchison Whampoa took 4%, Pioneer Technology Venture Capital took 1%, and Phil Smith's fund took 2%. Sequoia Capital took 1.5% of the share, and the remaining 1.5% was divided equally among the three funds.

Hutchison Whampoa participated in this financing and spent 2200 million US dollars, plus the previous participation in Apple’s financing of 750 million US dollars, which is equivalent to spending nearly 3000 million US dollars.Fortunately, Hutchison Whampoa loaned US$1 million from HSBC, and the remaining US$7000 million was enough for Watsons' early expansion in the United States.

However, today is just the completion of all negotiations and negotiations, and no contract is signed. The time for signing the contract is tomorrow morning.

"Alan, I would like to congratulate you first here, and your net worth will rise again."

After the financing negotiations came to an end, Phil Smith congratulated Lin Baicheng.

"Thank you."

Lin Baicheng was not humble and polite when he heard the words, and the United States is not into this kind of thing.

Wade Thomas couldn't help saying: "Alan, your vision is really good. Apple has made a lot of money over there, and this side has made a lot of money. Galaxy Games is about to go public. You can really say that this year The harvest is full."

"It's okay, I can only say that I will make a fortune with everyone."

Lin Baicheng laughed and didn't say much.

Everyone didn't stay in New Century Software Company for too long, and they left shortly after finishing financing.

The next morning, Lin Baicheng and others came to New Century Software Company again. Today, everyone came to sign the financing contract.

Everyone brought professional lawyers, for example, Lin Baicheng even brought the entire team over, and asked them to make the final confirmation that there were no clauses that were unfavorable to him in the contract.

After everyone confirmed that there was no problem with the contract, it was about an hour later, and everyone signed their names and stamped their seals on their respective contracts.

At this point, neither Lin Baicheng nor the institutions participating in the financing are allowed to go back on their word, otherwise they will have to compensate the other party for the corresponding compensation according to the contract.Therefore, unless there is an extremely major change, no institution will suddenly withdraw from financing.

"Everyone, happy cooperation!"

After signing the contract, Lin Baicheng shook hands with Wade Thomas, Phil Smith and others.

"Happy working, Alan!"

Don Valentine of Sequoia Capital is one of them. This time, Sequoia Capital invested more than 800 million US dollars, which is not a small amount.

Isabella said aloud: "Dear shareholders, in order to celebrate the success of this financing, Mr. Lin Baicheng, the chairman, is planning to hold a party in his villa. I hope all shareholders can attend."

"Let's chat together tonight, I hope you can enjoy your face."

Lin Baicheng looked at the heads representing various organizations and extended invitations to them.

Phil Smith immediately said: "This is a good thing, we will definitely go."

Wade Thomas also agreed: "In order to celebrate our successful financing, it is indeed necessary to hold a party to celebrate."

"Indeed."

Citigroup's Deren Lawrence also nodded.

No one else had any objections, this kind of thing is very common in the United States, if there is no celebration dinner or party, then they will be surprised.

Lin Baicheng did not hold the party that night in Beverly Hills. His parents and younger sister live there now, so it is really not suitable for such a business-type party.

The place where the party was held was Haruko Mori's villa. When Lin Baicheng told her about it in advance, she was very happy.

Although the party tonight was to celebrate the successful financing of the New Century Software Company, Lin Baicheng sent an invitation to the executives of his company in the United States, and did not force them to come, as long as they have time.

However, although Lin Baicheng made them have no time to come, all the invited people came to the party.

Eric Davis, Shirley Lansing, Vivien Kelly, Doug Gordon, Yiyang Sun, Ganus Wilson, Buhler Sandra, Stan Lee, Mark Raymond , a total of nine people.

As for Haruko Mori, needless to say, the place where the party was held was the villa where she lived, so it was impossible for her not to attend the party.In addition, Lin Baicheng's assistants also came.

In fact, there is also Errol Kilman, the manager of Blockbuster, but because Blockbuster is now only a subsidiary of Morningstar Pictures, with only a few stores, he is not qualified as a manager.

(End of this chapter)