Stenson spoke confidently on the stage, but the audience had their own thoughts.
Originally, they only prepared enough funds for the 'resurrection' dealership. They didn't expect that there would be more products under Mandala's name in the future.
Doesn't this mean that there will be other products in addition to the 'resurrection' cosmetics series?
If it is also a popular product like the 'resurrection' series, it will probably be another product with huge profits.
In other words, the funds prepared tonight were more than enough.
However, more people were curious about the new product.
"Mr. Stenson, may I ask which field Mandala's new product will be in in the future?"
Stenson smiled and kept the audience in suspense.
He first reviewed the growth of Mandala this year.
There was a set of pictures behind him. Stenson began to speak, "In the beginning, Mandala Studio had spent more than ten years developing two bottles of drugs to treat cancer cells. I'm sure everyone knows that three years ago, Mr. Hawking not only stood up, but he was also able to talk and walk under the effects of Mandala's drug. It's amazing, right? But in order to make a name for himself, we developed this drug and almost went bankrupt. In fact, when Hawking agreed to cooperate with us, we were very nervous. We were afraid that Datura's reputation would be ruined if we couldn't cure Datura. We took the product to other hospitals and private tycoons, but no one was willing to believe us. We can't give them the only two bottles we have for them to try. That's our everything. But when we said that it could cure cancer, they treated us as lunatics. "
The crowd below the stage roared with laughter.
"If it were me, I would also feel the same." Stenson joked and then continued: "But we don't have money, and we don't have marketing resources. So what is the way to make the world notice us? That's right, we targeted Hawking! I have to say that our marketing and decision-making were right, but what made us successful was our product! It successfully saved Mr. Hawking's illness, and our reputation soared. The last remaining potion became our life-saving straw. With the research and development cost of 3 billion USD, if we continue to research and develop the cancer cell potion, we will definitely lose everything. Therefore, we changed our thinking and decided to focus on business first. Otherwise, we will not have the funds to spend on research and development in the future. Therefore, we set our sights on the global women's market and created the 'Resurrection' series of products. In just one year, we have a turnover of 240 billion USD. After deducting the sales tax from various countries, we have also brought in 40 billion USD of industrial profits for the agents! "
The audience applauded, especially the agents from last year. They were very grateful that this cooperation made them rich, so they applauded the most enthusiastically.
Stenson paced back and forth on the stage and continued, "The venture capitalists on Wall Street probably want to kill us now because we refused their repeated requests to go public and dilute their equity."
The representatives of the venture capital firms smiled bitterly. That was indeed the case.
Stenson smiled and said, "A year ago, they were willing to spend 50 billion USD to buy the entire Mandala Group, but we refused because we thought the company's value was far more than that. In fact, we were right. Now, it is worth at least 300 billion!"
Another round of applause was given to Stenson.
A year ago, if they sold it for 50 billion USD, they would have at least 300 billion USD a year later. That was almost a six-fold increase! No wonder some of the venture capitalists on Wall Street hated them so much. It was because of Mandala's stubbornness that they lost their high profits! At that time, even if Mandala let them eat a few percent of the shares, it would still be a six-fold return now! How could they not hate them?
"But!" Stenson said confidently, "It's not just that."
At this time, the representative of the venture capital firm could not help but ask, "Since Mandala Group is always short of funds, why did you repeatedly refuse financing requests? To be honest, if you go public now, with a stock price of 300 billion USD, you only need to dilute 49% of your shares to raise 147 billion USD! This amount of money can make all of you the richest people in the world, and your research and development funds will be more abundant. Even if other companies want to catch up to you in the field of biotechnology, you don't have to worry about them catching up with you. To be honest, I don't think it's wise to choose not to go public. "
Stenson listened to him seriously, smiled, and nodded. "You are right, but there is one thing we believe and are sure of. In the next 10 years, no technology company will catch up to us in the field of biotechnology! This is why we don't apply for patents for our products and allow companies around the world to buy our products for research and development. I can send a signal to those companies interested in biotechnology. If you want to burn money in biotechnology, you better not come in unless you have 100 billion USD. Otherwise, you will only give up halfway. This is also why we didn't even look at the 50 billion USD acquisition. "
This was what Xu Cheng meant to Stenson.
He dug a hole here.
In this world, people and groups that could spend hundreds of billions of dollars were really rare. Probably only a few consortiums in the capital empires would dare to do this. Xu Cheng purposely let them spend so much money on biotechnology. If they could really create a company worth 400 to 500 billion dollars, then those consortiums would probably flock to it. However, could a company really be developed with just 100 billion dollars?
The answer was no.
Even if they could develop it, it would only be the tip of the iceberg of biotechnology. After they spent 100 billion USD, they would still be suppressed by Mandala and not even worth mentioning.
Venture capital company representative: "Since Mandala is confident that no other competitors will appear in the next 10 years, then it's all the more reason for us to go public. At least in the next 10 years, the valuation will rise steadily and form a monopoly."
Stenson shook his head. "So what if we go public? So what if our stock price surpasses Apple and becomes the world's most valuable company? How much market value can we reach? 800 billion? Or 1 trillion? Even if it breaks 1 trillion USD, so what? "
Venture capital company representative: "Isn't 1 trillion USD enough to attract Mandala's shareholders? By then, even if you only hold 1% of the shares, it will still be 10 billion USD! That's enough to enter the Forbes top 20! By then, Mandala can have at least 100 billionaires! How amazing would that be! "
"No! It's far from enough. " Stenson said word by word, "Our valuation of the company is — 2 trillion US dollars!"
(End of chapter)
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