This proposal was written entirely in English, with occasional Chinese annotations. The overall style was concise and beautiful. It used only a few sentences to clearly explain the gaps in the current market. It had the simplest framework to think about competitive advantages, and the development path was clear and definite.
However, as a seed stage project, there was a very obvious problem. There was no prominent team. Li He knew what kind of person Fu Bing was, and the other was Zhou Fen, whom Li He had never heard of.
To the investors, it was difficult for them to gain the recognition of the investors because of their background. What they could do, others could also do. It was not impossible without them.
Qi Hua smiled and said, "There are innovations and bright spots, but there is still a lack of data. The market has not verified their ideas."
Li He smiled and said, "We've invested in so many companies. When have I ever seen the data?"
"Yes." Qi Hua smiled and understood Li He's thoughts.
What he admired the most was Li He's foresight of the industry and his ability to read people. Many of the projects invested by the China Rec Group, the Yuanda Group, and the Dida Group were based on Li He's judgment.
As for the loss-making investment projects, there were only one or two because the founders were stubborn and did not listen to Li He's opinions.
Li He said, "Tell me your opinion."
Qi Hua said confidently, "I think we can invest. As for the amount, Mr. Li, it's up to you to decide."
Li He said, "Four hundred million."
"Mr. Li, isn't that a little too much?" Qi Hua was shocked. Under normal circumstances, it would be a great thing to get three or four million for this kind of project.
Four hundred million was a little more promising.
Li He took a sip of tea and said, "USD."
"Ah …" Qi Hua's jaw almost dropped. Then he smiled bitterly and said, "This will become the world's largest seed round financing."
He could not help but worry. The failure of the deployment of capital could bring about the risk of market distortion or expansion. If the capital was handed over to the hands of a startup that was not good enough, then this capital could destroy the entire market.
Li He smiled and said, "You should think of it this way. You can save them a sum of money for publicity. When the time comes, the whole world will know that an internet real estate agent has received a $400 million investment."
Qi Hua said. "Mr. Li, you are using your reputation to endorse them, what if …"
If Fu Yao failed, Second Elder Li would become the object of ridicule, and his reputation would be ruined. Everyone would sigh at Fu Yao's old age, and Second Elder Li would no longer have the foresight and judgment he once had.
Li He said, "Is it because I'm old that I've lost my courage? The road never ends. "
"Yes, Mr. Li." Qi Hua seemed encouraged and then asked, "What about the equity?"
Now he was a little uncertain about Li He's thoughts.
Li He said, "I'll take 30%."
"Mr. Li, I understand." Besides being shocked, what else could Qi Hua say?
After Qi Hua left, Li He stood upstairs and opened the small window at the corner of the curtain wall to look at the bustling street.
He did not know how long he had been standing there.
He only saw his son in a suit and leather shoes, carrying a briefcase, calmly walking out of the building and jumping three feet high at a deserted corner.
He smiled knowingly.
He had promised that he would make up for what he owed.
A small company that had just been registered for a week with a registered capital of only one million actually received a $400 million investment from the world's top venture capital organization, the American listing company. This caused an uproar in the global capital market and the Internet circle.
What kind of company was Yao Shun Technology?
Who was the legal person, Zhou Fen?
Who was the founding shareholder, Fu Yao?
For a moment, it was a mystery.
Even Fu Bing and Zhou Fen were still in a state of confusion. The two of them took 20,000 yuan each and took 1% of the shares. Without doing anything, they became multimillionaires.
Zhou Fen said to Bing, "Brother Bing, can you pinch me?"
Fu Bing smoked three cigarettes in a row, one after the other. He suddenly slapped himself, giving Zhou Fen and Fu Yao a fright.
Fu Yao said, "Don't be so happy. This only represents the market value of the shares you own. If the company doesn't do well, it's meaningless."
Fu Bing said, "That's the actual money in the account. How is it meaningless?"
Fu Yao said, "It's only 10 million USD. They want to pay in installments and spend it all in a month. We're under a lot of pressure."
Fu Bing said, "It's just spending money. Wouldn't we be fools if we didn't know how to spend money?"
Fu Yao said, "We're starting a business. The investors will send directors to bear all the costs and operational risks of the project site. They will also supervise our finances. This is to achieve the goal of capital preservation and capital appreciation, and to control the financial activities of the operator."
When it came to the relationship between the financial supervision of the investor and the asset control of the operator, he did not say much for fear that they did not understand.
Fu Bing stared and said, "What do you mean? We have to report to them when we spend a dime? "
Fu Yao said, "They are companies or individuals who do not interfere with the specific management functions of the project site, such as financial management, personnel management, etc."
Then he handed over a piece of paper. "This is an MBA class that I signed up for the two of you. It might be very hard for you. You have to study and work at the same time."
Zhou Fen said, "As long as there's money to be made, there's nothing hard about it."
Fu Yao said, "Uncle, your next task is to be in charge of the office renovation. All the expenses will be paid by the finance department."
Their office space was provided by his mother. It was a furniture store that had already been abandoned. The rent was very cheap and he had personally gone to see it. The location was very good.
It was a two-story steel structure that was frighteningly big. Other than large supermarkets like Wal-Mart, it was hard to find a company that was bigger than them.
Moreover, they were a start-up company.
Fu Bing said, "We don't have an accountant yet. Who should I look for?"
Fu Yao looked at his phone and said, "I think they'll be here soon."
He had poached the vice president of the finance department of his mother's company in the China region.
Of course, his mother had agreed to it. Otherwise, he would not have had the chance to come.
As for whether the vice president was willing or not, Fu Yao was not sure.
However, when Fu Yao greeted him at the door, Fu Yao knew his attitude.
"Mr. Fu." A short and fat middle-aged man wearing thick glasses got out of the taxi in a hurry. He did not even have time to close the door. "Sorry, sorry. I didn't expect the traffic to be so bad."
Fu Yao said, "It's not late, not late. President Zeng, sorry to trouble you this time."
It was his first time meeting him.
"You're welcome." The so-called President Zeng was called Ceng Shiqiang. It was not his first time meeting Fu Yao. When Fu Yao followed Fu Xia to inspect the company, he had seen him from afar.
PS: Thank you everyone for your support and love.
It's a new year and a new beginning. I wish everyone a good fortune.
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