My Age of Investment

Wang Wei was a little hesitant. If he used the AB share structure and Envision Capital delegated all the voting rights to him, it would reduce some threats.

But that wasn't enough, he asked again: "What about the board seats?"

"The board seat can also be given up, a purely financial investment."

Xia Jingxing thought that the voting rights had been given up, and it was useless to hold a director seat, and he could not have a significant influence on Tudou's operation and governance.

Just give up all and prove that you are a harmless good friend.

Wang Wei was relieved a lot now, it seems that the other party really didn't plan to play any underhand tricks.

"How much valuation is Envision Capital willing to give Tudou?"

Xia Jingxing said with a single finger, "With a pre-money valuation of $1 million, we can invest you $500,000."

Wang Wei shook his head and laughed, "Mr. Xia, I started Tudou by myself and invested 1 million RMB in it.

At the same time, I also provided intangible assets such as ideas and teams. Your valuation is indeed too low, which is unacceptably low. "

"It's more than eight times that, a lot."

Xia Jingxing said with a smile, as long as the other party is willing to talk, it will be easy.

For the price, you can grind it slowly.

"At least a pre-money valuation of $5 million is required, and we won't consider anything lower than that."

Xia Jingxing smiled, "I have also started a business, I understand the idea of ​​entrepreneurs very well, and they all want to complete financing at high valuations.

But we have to start from the actual situation. When the Facebook Angel Wheel was valued at five million US dollars, the website was already online, and it gained 100,000 Ivy League students, proving that its growth model is feasible.

To put it uglier, what does Tudou have? An office with five employees including you?

Creativity, only the first person to eat crabs can have the creative premium.

You see, new video sites are being born every day all over the world.

LeTV, have you heard of it? Earlier than you, it was registered in Beijing in November last year. "

Wang Wei was a little surprised.

Even questioning, "You said that there are other video websites established in China?"

"certainly!"

Xia Jingxing shrugged and asked, "You don't know?"

Wang Wei did not speak.

What Xia Jingxing told him had a big impact on him.

He always thought that Tudou was the first person to eat crabs in China, but he didn't expect someone to run ahead of them.

"Have you seen them?"

Wang Wei suddenly thought of something and asked.

Xia Jingxing shook his head, "Not yet, if you can't agree on this, I will go to them next."

Wang Wei wondered, "Why are you looking for us instead of them? After all, they were established earlier than us."

"I think you have a better chance of success."

Xia Jingxing is talking nonsense with his eyes open. The reason why he doesn't vote for LeTV is mainly because he doesn't want to get involved in the mess. The relationship behind Boss Jia is too deep. He has small arms and calves. Take the chestnuts from the fire.

Wang Wei laughed "hoho", to be honest, he didn't have much confidence in whether Tudou could succeed or not. He didn't expect Xia Jingxing to be so optimistic about him.

"Well, I'll make some concessions and drop the valuation a little, four million dollars."

Xia Jingxing shook his head, "The earlier you raise funds, Tudou will be able to get a head start and gain some head start.

I will not lie to you, Facebook cheers, this year will conduct a round of B round of financing, the scale will be beyond everyone's imagination.

At that time, the value of video websites will be further highlighted.

The news is sent back to China, and competitors of Tudou will spring up like mushrooms after a rain.

At that time, Tudou is still developing slowly, and it will inevitably fall into endless hard battles, wasting the golden development opportunity in vain.

Don't think I'm being alarmist, just look at the domestic social network market.

Rao Lei had been procrastinating not to return to China to start a business in order to get a degree.

If he had returned to China half a year earlier, Youyoumi would definitely have more than his achievements today.

The Internet is winner-take-all, one step ahead, one step ahead, and head resources are concentrated on head projects.

If you are in a tough fight, the outcome will be unpredictable. "

Wang Wei frowned, thinking carefully about what Xia Jingxing said.

Xia Jingxing sighed in his heart, this brother had too much artist temperament, and at the same time a little bit of Buddhism, and also a little indecisive, lacking a wolf-like nature.

After the previous life Tudou went online in April, I had been in contact with idg for half a year, and only completed the $500,000 angel round of financing by the end of the year, wasting precious time to distance itself from competitors.

This made Youku launch a year later and surpassed Tudou.

In addition, Tudou completed five rounds of financing, and when it went public, Wang Wei only held less than 13% of the company's shares.

While Youku has completed six rounds of financing, Gu Yong will still hold more than 40% of the shares.

Of course, this is also due to the fact that Gu Yong has more experience in the Internet and financial industry, and is more famous in the domestic Internet circle.

But I have to mention that when Tudou raised its first round of financing, idg took one-third of its equity for $500,000.

Xia Jingxing felt that he was very generous. In February, he offered the condition to be on par with idg, and idg would have to wait until the end of the year to offer such conditions.

Because the tubing of this life is more famous and more brilliant than the tubing of the same period in the previous life, it is also normal for the valuation of domestic video websites to rise.

With the two offsets, Xia Jingxing felt that the valuation of Tudou at $1 million was almost just right.

Moreover, Tudou gets financing earlier, and it can take off earlier, and it will no longer develop like a turtle.

"Otherwise, you can give us a valuation of three million US dollars. Or, after the Tudou is online, we will see the results, and then we will discuss it?"

Xia Jingxing was treated like a Buddhist by the other party, he knew that if he backed off today, the other party would definitely be able to contact him after a few months.

"I wonder if you know about the rise of YouTube?"

Wang Wei nodded, "I know that in the early days, Facebook was used to attract traffic, and then through the video blogger contest, it quickly became famous and pushed YouTube to more people in one fell swoop.

To be honest, I still admire your methods. The movements are so fast that people are overwhelmed! "

"It won't work if we don't hurry. If we slow down, we should be rubbed on the ground by Google now."

Xia Jingxing's words made Wang Wei laugh, he finally felt that the other party looked like a young man in his early twenties.

Before that, he felt like a 30-40-year-old, experienced vicissitudes of life, and incomparably experienced Internet tycoon chatting, a little too sophisticated.

"Survival should be the first priority, otherwise even if you hold 100% of the equity, as long as Tudou is finished, you will still have nothing."

Xia Jingxing turned on the training mode to see if he could stimulate the opponent's backup hidden energy - wolf nature.

Such a Buddhist system, if it can succeed, it is also a good time to catch up!

After Xia Jingxing proposed to abstain from voting rights and board seats, Wang Wei was relieved of the investment motive of Vision Capital.

But the other party would take one-third of the equity at one time, which made him unable to make up his mind.

Xia Jingxing almost knew what the other party was hesitating about.

Although Wang Wei in the previous life finally agreed to dilute one-third of the equity to idg, it was the result of seven or eight months of consideration.

And he has to convince the other party today, which is not easy.

Even though it was difficult, Xia Jingxing did not intend to give up, he also had his own unique advantages.

"Well, after Tudou is online, I will design several marketing plans for you, so that Tudou will exceed 100,000 users in one month and 1 million users in three months."

"Are you serious?"

Xia Jingxing chuckled, "I have so many successful marketing plans, will I still lie to you?"

Wang Wei pondered for a moment, "Then I will give you as little as two million dollars at the most."

Xia Jingxing didn't want to squeeze any more toothpaste, and it was okay to invest an extra $500,000. As long as the development speed increased, it was all worth it.

And to cooperate with your own marketing plan, how can you do it without krypton gold?

As for the lost double rate of return, it can only be recovered from peers such as Youku, 56, Xingxing.com, pptv, and pps.

"Okay, that's it, let's sign the investment intention agreement first."

Wang Wei was stunned, "Ah, sign now?"

"I take the liberty to say that your lazy temperament needs to be changed. Competitors will not slow down their pace because of your kindness."

Wang Wei's face was a little red, and he also knew that he had this problem.

But being pointed out by someone face to face, it was somewhat unbearable in face.

However, after all, he is also someone who has stayed overseas for nearly ten years, and is not too disgusted by this straight-forward way of talking.

He nodded, "Okay, then sign today."

"Oh, one more thing, Vision Capital has a special clause..."

Wang Wei frowned, "You still need the approval of the board of directors to get married? But you didn't join the board of directors?"

"Oh, yes, without joining the board of directors, there is no way to participate in some of the company's decisions."

Xia Jingxing scratched his head as if he suddenly remembered something, and handed the problem to Wang Wei.

Tudou needs his successful experience, but they are worried that he will occupy the magpie's nest.

Wang Wei frowned, and after thinking for a long time, he slowly relaxed.

He took a deep breath, as if he had made up his mind, looked at Xia Jingxing seriously and said:

"Well, you might as well join Tudou's board of directors, I hope your experience can help Tudou better.

Of course, I would like to state that Tudou is not a subsidiary of YouTube Video, and the control of the company must be in my hands. "

Xia Jingxing smiled with satisfaction, "Of course, cooperation will bring win-win results!"

After finishing speaking, Xia Jingxing got up, reached out and clasped the opponent's hand tightly, and shook it forcefully.

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