My Return to Life

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The fragrance burned in the South Pavilion on the 93rd floor of Park Hyatt is slightly different from that in the morning, and it is said to be refreshing.

But these are not as good as the two sentences that were suddenly and kindly said last year.

After the words fell, Fang Nian was the only one in the room who lowered his eyes again and drank tea slowly.

Even Guan Qiuhe changed his posture a little, so that his legs overlapped more gracefully.

The complexions of the five middle-aged men, including Liu Qin, all changed.

Their respective thoughts were suddenly interrupted, and they had to re-plan, and no one spoke immediately.

In the end, it was Liu Qin who broke the quiet atmosphere: "I think Mr. Fang has other conditions for coming."

With that said, Liu Qin looked at Fang Nian.

Others also looked at Fang Nian, who happened to be sitting in the center without bias.

Under the eyes of everyone, Fang Nian put down his teacup unhurriedly, with a smile on his face: "It's not a complicated condition."

After a short pause, Fang Nian calmly said: "It's only been one year and two months since Dangkang was still called fun, and I don't want Dangkang to become a short-lived enterprise;

As Mr. Kuang said, Dangkang Games has sufficient cash flow, and it is far from enough to start the B round of financing;

However, the Goose Factory game led by Mr. Ren is too powerful, and Dangkang Game must spend a lot of thought and money to fight for some future possibilities. "

As a writer, Fang Nian naturally has the ability to tell stories.

If he wants, he can even polish it slowly in advance, so that the oral expression can be extravagant and fascinating.

Fang Nian doesn't mind using what he is good at.

"As early as the end of last month, I exchanged opinions with Mr. Liu on the phone. At that time, I thought that Dangkang was worth 10 billion yuan, and I was willing to raise funds at a valuation of 10 billion yuan;

After entering this month, the capital, especially everyone here has stronger confidence in Dangkang's profitability, with a conservative estimate of 12 billion;

In theory, Dangkang games will not be actively sold at a low price.

"

Having said that, Fang Nian looked at several investors, and said calmly: "Financing at a valuation of 10 billion is a kind of sincerity on the one hand;

On the other hand, I also want to make a betting agreement with everyone. "

The tone of Fang Nian's narration made everyone willing to listen, and no one interrupted.

"Dangkang Games will launch the C round of financing around January 10, 2011, and take out 10% of the shares. Fully voted!"

When Fang Nian said this, everyone present was moved, but they didn't make a sound.

They knew that the VAM agreement could not be so simple.

Fang Nian did not disappoint everyone, and continued.

"As of December 31, 2010, Dangkang Games has ensured that the number of game platform user registrations has reached 200 million;

Ensuring that R\u0026D spending is in line with high-tech enterprise standards;

Ensure that the annual revenue in 2010 is more than 6 billion. "

"..."

After Fang Nian finished speaking, he noticed that the corners of Guan Qiuhe's mouth moved slightly, and his expression changed.

He smiled slightly in his heart: 'I didn't expect that I would have this trick, let's cut it first and then play it! '

The conditions of the VAM agreement were very vague when Fang Nian communicated with Guan Qiuhe yesterday.

Now that he said it like this, Guan Qiuhe was completely fooled.

This made Liu Qin and the others realize that this was probably Fang Nian's real temporary decision.

The mind is more lively.

Zhang Sijian was the first to express his opinion: "I'm really sorry, I need to exchange opinions with the upper management."

Then came Ren Yuxin.

Then there is Zhu Yue.

Liu Qin and Kuang Ping did not move, they both have the right to make their own decisions.

However, the size of the investment institutions they represent is not as good as the three who went out to make calls.

The meaning of Fang Nian is very clear. If Dangkang meets these conditions, the valuation must be calculated according to the P/S method, and it will be as high as 9 times.

This is an exaggeration for a company with an original valuation of over 10 billion yuan.

Based on the 6 billion revenue promised by Fang Nian, the valuation of Dangkang at the beginning of next year will become 54 billion.

10% of the shares require institutions to invest 5.4 billion yuan in cash.

You must know that Lei Jun, who is especially good at capital operations, only received about 5 billion yuan in financing in Xiaomi's F round of financing.

After the F round, Xiaomi began to prepare for listing.

In other words, Fang Nian's VAM agreement intends to cooperate with everyone to directly start the listing process of Dangkang after the completion of the C round of financing in 2011.

And Fang Nian's three conditions were not casually stated.

200 million registered users means that the Dangkang game platform will continue to have huge gimmicks in the second half of the year to achieve it.

Meeting the standards of high-tech enterprises means that the R\u0026D expenditure is huge, and there must be enough game products to be launched.

And this condition implies a preferential content enjoyed by high-tech enterprises: a 10% discount on corporate income tax.

It is almost equivalent to 10% more net interest rate.

Combining the second and third conditions, Fang Nian is expressing to the capital that Dangkang has strong enough confidence in profitability.

This is more convincing than just telling a story.

Fang Nian was telling Liu Qin and the others present about the goal and confidence of Dang Kang's game.

It is also telling Liu Qin and them that the return on investment is extremely impressive.

As for the conditions not being met, the VAM agreement will naturally not take effect, and Dangkang is simply making money and making money.

If the conditions are met, Dangkang Games will grow into a game giant without hindrance, the kind that cannot be blown down by the wind.

Strictly speaking, this was a big gamble after Fang Nian persuaded Guan Qiuhe with a few words.

Losing has little effect on the Dangkang game.

It goes without saying that I won.

…………

In the south pavilion, Guan Qiuhe and Fang Nian chat with Liu Qin and Kuang Ping.

Everyone talks about the rules and doesn't talk about business.

Even if they have their own ideas, there is no need to make it so ugly.

Fang Nian didn't think about this negotiation, his mind flew to Java.

For a while, I thought that I would not be able to finish the exam until next Thursday afternoon, and for a while, I was afraid that I would have to talk to Huang Xiujie and Lei Jun for a long time on Friday;

Think again about how Xiaomi’s A-round financing should be done well;

Finally, I wonder if the rich man Robin is sleeping well, whether his food is delicious, and whether he has thought about 91.

Before I knew it, I finished my cup of tea.

It happened that Ren Yuxin took the lead, and all three returned to the South Pavilion.

After procrastinating for a long time, the formal negotiation began.

But at the beginning, Zhu Yue showed helplessness and spread his hands.

"We Goldman Sachs withdrew from this round of financing for Dangkang Games."

As he spoke, he looked at Fang Nian with regret on his face: "It's a pity that we can't reach a cooperation with Mr. Fang;

From my personal point of view, I agree with Mr. Fang's VAM agreement. The conditions are very generous, and Mr. Fang is very frank;

Not only did I see the sincerity of Mr. Fang, but also the courage and ambition of Dangkang Games. "

After a short pause, Zhu Yue finally said: "I wish the Dangkang game a smooth development, and we will cooperate again when we have the opportunity."

Fang Nian was not surprised, with a smile on his face and a calm tone: "Thank you Mr. Zhu for being so optimistic about our Dangkang game. It's a pity that we can't reach a deal."

Then Fang Nian showed a little bit of fun: "I believe there will be opportunities to cooperate with Mr. Zhu in the future."

"Haha~" Zhu Yue laughed, "Looking forward to the next cooperation."

Of course he knew what Fang Nian was referring to.

Fang Nian is not only the founder of Dangkang, but also has an angel investment company in his hands. The performance in just a few months has attracted the attention of people in the industry.

Maybe one day we will cooperate in other projects.

After exchanging a few pleasantries, Zhu Yue left first.

The atmosphere in the house is still the same.

As the president of Dangkang Games' biggest competitor, Goose Factory Games, Ren Yuxin has never seen any scenes, so he opened his mouth.

"Let me say a few words first. As the only president of Goose Factory present here who has a competitive relationship with Dangkang Games, I am personally very optimistic about the development prospects of Dangkang Games;

As far as games are concerned, there is no free payment. TGP is basically free, and Dangkang game platform is a hybrid type. I am actually optimistic about the system established by Dangkang games.

As far as the current stage is concerned, I think the valuation of 130 or 150 is acceptable for the B round of financing of Dangkang Games. "

Having said that, Ren Yuxin paused.

Everyone was waiting for his 'but'.

Facing a few gazes, Ren Yuxin suddenly said succinctly: "I just communicated directly with President Ma Polima. Our goose factory fully agrees with the gambling agreement proposed by President Fang, and is willing to participate in the B-round financing of Dangkang Games."

After Ren Yuxin's words fell, Fang Nian was slightly stunned.

Guan Qiuhe frowned directly.

Liu Qin and the others even changed their expressions slightly.

only……

Before Ren Yuxin finished speaking, he then added honestly: "Because I promised Mr. Ma that no matter how the Dangkang game develops, in the remaining six and a half months, it will not be able to complete the goal of adding another 4 billion yuan. Revenue target!"

Having said that, Ren Yuxin looked at Fang Nian, apologetic: "Mr. Fang, I'm really sorry. Regardless of whether a deal is concluded today, Goose Factory Games will target Dangkang game platform more comprehensively."

Ren Yuxin is so frank.

Now 35 years old, he is in the prime of life, and he is also known as the king of games.

Ren Yuxin has his own pride.

Although TGP was launched after the successful experience of the Dangkang game platform, it does not mean that Ren Yuxin is incapable!

Of course Ren Yuxin knew that Fang Nian, who looked as tender as a high school student, was not easy.

Obviously, he is better than he was then or even better than he is now. After all, he went to college later, joined the goose factory at the age of 25, and started to exert himself after the age of 30.

But Ren Yuxin, who is backed by the goose factory, doesn't think he needs to be afraid!

Hearing this, Fang Nian smiled and said: "The market needs reasonable competition, so we can only wait and see."

I didn't add a word, saying that my mind was no longer on Dang Kang.

"..."

Ren Yuxin smiled slightly, didn't say any more, picked up the teacup and drank water by himself.

There was not a long silence in the room, and Liu Qin quickly said: "I also agree with Mr. Fang's gambling agreement;

I have dealt with President Fang many times. From an objective point of view, the conditions proposed by President Fang are more restrictive for Dangkang games;

If it is not achieved, the B round of financing has picked up a big deal. If it is achieved, Dangkang Games has such a strong profitability, and naturally deserves a higher value;

No matter how you calculate it, it is a profitable business. "

After a pause, Liu Qin pushed his glasses, and said earnestly: "I personally feel that Mr. Fang is full of sincerity, and he is actually abiding by the verbal agreement with me on the phone."

Morningside Capital was originally a shareholder of Dangkang Games, so it was expected to support Dangkang so quickly.

After all, except for Ren Yuxin, everyone is a pure investor.

After Liu Qin agreed to the verbal gambling agreement, Kuang Ping quickly expressed his opinion.

"I also agree with Mr. Fang's gambling agreement."

He said softly, "Mr. Fang has such sincerity and courage. I believe Dangkang Games will bring unexpected gains to Qiming Venture Capital."

In fact, Kuang Ping owed Fang Nian a small favor.

Perhaps it can be regarded as a kind of reciprocation.

In the end, Zhang Sijian of Sequoia Capital remained silent.

In fact, relatively speaking, this kind of large organization has a more stable style of work.

It is hard to say that they would be willing to engage in this form of gambling agreement.

So at the beginning Zhu Yue quickly stated his position and left the venue, everyone present including Fang Nian was not surprised.

Three investment institutions are willing to sign this VAM agreement, which is actually enough for Dangkang Games.

At least……

Fang Nian's original intention has been achieved.

Seeing everyone looking at him, Zhang Sijian smiled: "I wanted to talk to Mr. Fang again;

But everyone followed, and I also got the authorization from Mr. Shen, and Sequoia China is also willing to sign this gambling agreement. "

After basically reaching a consensus, Fang Nian glanced at Liu Qin and the others with a friendly smile.

"Now there is only one last thing left. Everyone discuss how much to invest in the B round. We will not participate in this matter."

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