Rebirth 2004: I can make money by writing

In the past period of time, Hao Qiang received many letters of visits from investment institutions and companies.

He rejected all those who were not famous or powerful.

As long as the company is profitable, it will not worry about investment institutions financing.

Some investment institutions not only deliberately low valuations, but also have various harsh requirements.

The next afternoon,

Hao Qiang met with Chen Kai, vice president of Huaguo District of Huanhui Investment Institution, and three others in his office.

“Hello, Mr. Hao, I have heard of you for a long time.”

“Hello, you are polite.” Hao Qiang shook hands with the guests one by one.

After chatting for a while, Chen Kai went straight to the topic: “Mr. Hao, we are very optimistic about the development of Future Technology Group and would like to have in-depth cooperation with your company.”

Hao Qiang smiled and nodded, without any surprise.

I have seen it many times, so it is just like that.

“Thank you Mr. Chen for your favor. You may as well speak frankly.”

Chen Kai continued: “Our team has conducted an in-depth analysis of Renjian Fireworks Company and is very optimistic about its future development. The pre-investment valuation is 4.2 billion yuan. We intend to raise 1 billion yuan to help Renjian Fireworks develop.

We will never interfere with its development, and we will never urge it to go public within five years.”

After listening to Chen Kai’s words, Hao Qiang felt that his valuation was more reasonable and he did not deliberately lower the price. This is the courage of a large investment company.

At present, Renjian Fireworks has opened 20 stores, with a monthly profit of 18 million yuan.

Of course, the pre-investment valuation of 4.2 billion yuan is a bit low.

In Hao Qiang’s view, it is about right to talk about a pre-investment valuation of 5.5 billion yuan.

Raise 1 billion yuan, and then give out 20% of the shares.

In fact, even if Hao Qiang is given 1 billion yuan to develop Renjian Fireworks, he really doesn’t know how to spend the money reasonably.

Financing is not a transfer of shares, that is, the money does not go into his pocket, it goes into the company’s account and is specifically used to develop the company.

Moreover, Hao Qiang will not be able to embezzle Renjian Fireworks’ funds in the future.

“Thank you Mr. Chen for your favor. This valuation is indeed very sincere.

But I have no plan to raise funds at present.” Hao Qiang said bluntly.

According to his plan, if the number of stores does not reach 80 before 2009, it will not meet the requirements of his planned A round of financing.

Renjian Fireworks is in a period of rapid development. There is no shortage of funds. At the same time, the development has not encountered bottlenecks. It will suffer from premature financing.

After the outbreak of the financial crisis in 2008, the market environment was not optimistic until mid-2009. Generally, companies would not choose to go public during this period.

Since it is impossible to catch up with the listing opportunity before the financial crisis, it is better to postpone the plan to the end of 2009 or even 2010.

In addition, even if financing is obtained within the past year, it is impossible to go public in a short period of time.

“Mr. Hao, we can continue to discuss the valuation in detail, even if the premium is not a problem.

I personally think that choosing an excellent partner is more beneficial to the company’s development, which is more valuable than simply pursuing a high valuation.” Chen Kai looked at Hao Qiang, who was calm and confident, and admired him very much.

Chen Kai was delighted to hear that Hao Qiang refused the financing.

If Hao Qiang agreed quickly, Chen Kai would think that Hao Qiang was too hasty. It is not a good thing to choose an impulsive investment target.

Investing is investing in people. The personal qualities of the founder are very important, such as integrity, resilience, perseverance, emotional management, stress resistance, etc., which directly affect the development of the company.

Among them, integrity is particularly critical, and its biggest advantage is to reduce the deliberate concealment of information.

An excellent founder is more likely to succeed no matter what career he is engaged in.

Chen Kai saw many outstanding qualities in Hao Qiang, which proved that he was not wrong.

“It’s not a valuation issue, but Renjian Fireworks Company has not yet reached the stage of financing. If you give me money, I don’t know how to spend it.” Hao Qiang waved his hand and said with a smile, “I still have more than a billion in cash on hand, most of which have been invested in the stock market.

Renjian Fireworks has sufficient liquidity and makes money faster than it spends.

To be honest, I feel like a loser when it comes to spending money.”

“…”

Chen Kai was speechless for a moment.

Damn, this is the first time I’ve met a founder who has so much money that he is worried about how to spend it.

But his vision is accurate. He has made a lot of money from investing in Moutai and Tengxun stocks.

Chen Kai took a sip of tea and said, “This is why I admire Mr. Hao very much and am willing to cooperate deeply.

Investment is investing in people, and this is also the truth.”

Then, Chen Kai described a series of benefits of financing to the development of Renjian Fireworks and stopped talking about money.

Talking about money, he is not short of money at all.

Hao Qiang’s eyes turned and he said: “Mr. Chen, I sincerely thank you for your favor.

Although I don’t know how to do it in one or two years,I plan to raise funds from outside, but I can change the cooperation conditions. ”

“Oh? Tell me about it.” Chen Kai’s mouth was dry and he had already drunk several cups of tea, but Hao Qiang showed no sign of being moved.

No way, he met a rich man.

Their biggest advantage is that they have a lot of money, but now, this advantage is no longer effective in front of Hao Qiang.

Hao Qiang smiled slightly: “Mr. Chen just said that investment is investing in people. How about this, I will use 20% of Renjian Fireworks’ shares as collateral and apply for a 1 billion yuan private loan from your company with an annual interest rate of 10% for a period of two years.

Within two years, if I fail to repay the principal and interest of the 1 billion yuan, then the 20% shares will be officially transferred to your company.

If I can repay this mortgage loan on time, under the same conditions, your company will have priority in obtaining the opportunity for Renjian Fireworks’ A round of financing. ”

Hao Qiang plans to invest the money in the stock market. In less than two years, the return rate will be at least doubled after deducting the interest.

Of course, he doesn’t want to miss such a good thing.

After 2008, he can have an extra 2 billion yuan on hand, and there are many things he can do.

After a few years of rolling, it may become more than 10 billion yuan.

At present, the premise is that others are willing to do so.

If it were him, Hao Qiang would definitely not be willing.

Chen Kai and the two accompanying personnel were very surprised to hear Hao Qiang’s words.

After all, what Hao Qiang mentioned was just a mortgage loan, not usury.

The current annual interest rate of usury mortgage loans is about 20%, and the annual interest rate of unsecured loans is as high as about 30%.

They have to admire Hao Qiang’s shrewd calculations, which is indeed a good plan.

“Private loan?” Chen Kai confirmed again.

If it is not financing, but a transfer of shares, this is equivalent to a pre-investment valuation of 5 billion yuan for Renjianyanhuo.

Of course, the difference with their previous estimates is not too big.

“Yes, this fund has other uses. “Hao Qiang said, “To be honest, you can’t get so much money from a bank loan.”

This time, Chen Kai was silent.

It’s not that they can’t provide mortgage loans, but the interest rate is too low.

If it is used for other investments, the average return will not be less than 10%.

According to the development of Renjian Fireworks and Hao Qiang’s financial strength, it is not difficult for him to repay the 1 billion yuan.

In the end, what they can get is the priority of financing under the same conditions.

If other investment institutions offer a higher valuation, then this priority will no longer exist.

On the other hand, Chen Kai is more optimistic about Hao Qiang.

The more he communicates, the more he feels that he is smart and capable.