Chapter 304 Buddhist Entrepreneurs

  Wang Wei is a little hesitant. If we use the AB share structure and entrust all the voting rights to him by Vision Capital, it will reduce some threats.

  But this is not enough, he asked again: "What about the board of directors?"

  "Director seats can also be waived, purely financial investment."

  Xia Jingxing thought that all voting rights had been given up, and it was useless to hold the board of directors, and could not have a significant influence on Tudou.com's operation and governance.

   Simply give up all and prove that he is a harmless good friend.

  Wang Wei feels relieved a lot, it seems that the other party really has no plans to play any tricks.

  "How much value is Envision Capital willing to give Tudou.com?"

  Xia Jingxing compares with a finger, "At a pre-investment valuation of one million US dollars, we can invest you half a million US dollars."

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

  At the same time, I also provided creativity, team and other intangible assets. Your valuation is indeed too low, and it is too low to be acceptable. "

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

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

  The price, you can grind it slowly.

   "At least a pre-investment valuation of 5 million US dollars, below this number, we do not consider it."

  Xia Jingxing smiled, “I have also started a business and understand the ideas of entrepreneurs very well, and I want to complete financing at a high valuation.

  But we have to proceed from the actual situation. When the Facebook Angel Wheel was valued at 5 million US dollars, the website was already online and 100,000 Ivy League student users were obtained, proving that our growth model is feasible.

  It’s a bit ugly, what does Tudou.com have? In an office, five employees including you?

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

  Look, new video sites are being born every day in the world.

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

  Wang Wei was a little surprised, and even questioned, "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.

  The incident Xia Jingxing told him had a big impact on him.

  He always thought Tudou was the first person to eat crabs in China, but he did not expect someone to run in front 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 side, I’ll look for them next.”

  Wang Wei wondered, "Why did you find us first instead of them? After all, they were established earlier than us."

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

This is Xia Jingxing’s open eyes and nonsense. The main reason why he doesn’t vote for LeTV is that he doesn’t want to mix up the mess. The network behind Boss Jia is too deep. He has small arms and legs. Forget it, it’s unnecessary. Get chestnuts from the fire.

  Wang Wei "嚯嚯" laughed. To tell the truth, he was not very sure of Tudou's success. I didn't expect Xia Jingxing to be so optimistic about himself.

   "Let's do this, I will make some concessions, and the valuation will drop a little, four million dollars."

  Xia Jingxing shook his head, “If you raise funds earlier, Tudou will be one step ahead and win some first moves.

  I don’t hide it from you, Facebook fuel pipe, this year will conduct a round of B round of financing, the scale will exceed everyone's imagination.

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

  The news goes back to China, and Tudou’s competitors will spring up like bamboo shoots after a rain.

  At that time, Tudou.com is still developing slowly, and it will inevitably fall into an endless struggle, wasting gold development opportunities.

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

  Rao Lei, in order to get a degree, kept dragging him from returning to China to start a business.

  If he returns to China half a year earlier, Youyoumi will definitely not stop with today's results.

  The Internet is a winner-takes-all, one step ahead, step by step, and the head resources are concentrated on the head project.

  If you get into a hard fight, the outcome will be unpredictable. "

  Wang frowned slightly, thinking carefully about Xia Jingxing's words.

  Xia Jingxing sighed in his heart, this brother is too strong in artist temperament, at the same time a little Buddhist, but also a little bit indecisive, lacking a kind of wolfishness.

After   Previous Tudou went live in April, I have been in contact with IDG for more than half a year, and only completed a $500,000 angel round of financing by the end of the year, wasting precious time to distance itself from competitors.

  This makes Youku go online one year later and surpasses Tudou.

  In addition, Tudou completed five rounds of financing. By the time 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 the factor that Gu Yongjiang has more experience in the Internet and financial industry, and the domestic Internet circle is more famous.

  But I have to mention that in the first round of funding of Tudou, IDG took one-third of the equity at a price of US$500,000.

  Xia Jingxing feels that he is very big. In February, he set out the conditions comparable to IDG, and IDG will have to wait until the end of the year to make such conditions.

  Because the tubing of this life is more famous and has more brilliant achievements than the tubing of the same period in the previous life, it is quite normal that the valuation of domestic video websites will increase.

  The two offset, Xia Jingxing feels that the valuation of Tudou.com at one million US dollars is almost just right.

  Furthermore, Tudou.com can get financing earlier and can take off earlier, and will no longer develop like Turtle Climbing.

   "Or, you can give us a valuation of three million US dollars. Or, after Tudou goes online, check the results, and let's discuss it?"

  Xia Jingxing has been made a bit of Buddhism by the other party. He knows that if he shrinks today, the other party will definitely do it in a few months before contacting him.

   "I wonder if you know the rise of the oil pipeline?"

  Wang Wei nodded, “I know that initially it was Facebook to do drainage, and then through that video blogger contest, it quickly became famous and pushed the tubing to more people in one fell swoop.

  To be honest, I still admire your methods, the action is too fast, it makes people overwhelmed! "

   "Don't hurry up, it won't work, if we were slower, we should be rubbed on the ground by Google now."

  Xia Jingxing's words made Wang Wei amused. He finally felt like a young man in his early twenties.

  Before this, he felt like a 30 or 40-year-old, experienced Internet tycoon, was chatting, and he was a bit over-experienced.

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

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

  Successful with such a Buddhist system, 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 Envision Capital’s investment motives.

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

  Xia Jingxing almost knew what the other party was hesitating.

  Although Wang Wei finally agreed to dilute one-third of the equity to IDG, but that was the result of seven or eight months of consideration.

   And he is going to convince the other party today, it is not easy.

  Even if it is difficult, Xia Jingxing did not intend to give up, he also has his own unique advantage.

   "Well, after Tudou.com goes live, I will design several marketing plans for you, so that Tudou.com will break 100,000 users in one month and 1 million in three months."

   "Are you serious?"

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

  Wang Wei pondered for a moment, “I will give you as little as two million dollars at most.”

  Xia Jingxing doesn’t want to squeeze toothpaste anymore. It’s okay to invest an extra 500,000 US dollars. As long as the speed of development increases, it will be worthwhile.

  Moreover, you have to cooperate with your own marketing plan, how can it be done without payment?

  As for the doubled return rate, it can only be recovered from peers such as Youku, 56, Xingwang, PPTV, and PPS.

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

  Wang was slightly startled, "Ah, sign now?"

   "I would take the liberty to say that you have to change your lazy temperament. Your 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 something wrong with it.

   But when someone pointed out it face to face, it was a little bit unbearable on the face.

   However, after all, he is also a person who has been overseas for nearly ten years, and he is not too disgusted with this kind of straight-and-go conversation.

  He nodded, "Okay, then sign today."

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

  Wang frowned slightly, "The board of directors must approve the marriage? But you didn’t join the board of directors?"

   "Oh, yes, you can't participate in some of the company's decisions without joining the board of directors."

  Xia Jingxing seemed to remember something suddenly, scratched his head, and handed the problem to Wang Wei.

Tudou needs his successful experience very much, but is worried that he will occupy the magpie's nest.

  Wang Wei frowned, thinking for a long time, and then slowly unfolded.

  He took a deep breath, as if he had made a lot of determination, looked at Xia Jingxing seriously, and said:

   "Well, you should join Tudou's board of directors. I hope your experience can help Tudou.com.

  Of course, I want to declare that Tudou is not a subsidiary of YouTube Video. The control of the company must be in my hands. "

  Xia Jingxing smiled in satisfaction, "Of course, cooperation will win-win!"

  After finishing speaking, Xia Jingxing got up, stretched out his hand to clasp the opponent's hand tightly, and shook it vigorously.

  (End of this chapter)