Chapter 370 - The Value of the Company Immediately Increased
Translator: lav
Editor: SSins
Shi Lei spoke, "The person I found for you just came back from America. He had five experiences in creating businesses in Silicon Valley. It lasted for a year each time and the company with the lowest value was also above a billion in market value. Of course, I'm talking in U.S. dollars."
Zhen Xu was dumbfounded. He was shocked by the words "five times", "lowest" and "one billion US dollars".
Even if America's investment environment was much stronger than the investment environment here, it was still an unimaginable goal for Zhen Xu even if he exchanged the one billion US dollars into RMB. His company just overcame the problem. How long did he need to exceed a billion in value?
Someone like this was obviously a god to Zhen Xu.
Zhen Xu had no more doubts and immediately replied, "The company's lowest valuation is ten million. He needs at least a million in cash for the series A round. I will give him the post of CEO and give him two percent of performance shares. After working for two full years, it will automatically change into shares under his management unit.
Shi Lei replied "ok" and hung up.
When he returned to the room, Jiang Yuanchao already finished his call. To Shi Qiang, he only needed to tell Jiang Yuanchao the largest evaluation he could accept. It was only a number and naturally, it didn't take as long as Shi Lei's discussion with Zhen Xu.
"I don't have a problem on my side. It now depends if they can unify the valuation," Shi Lei spoke after sitting down.
Jiang Yuanchao smiled, "Taitan is an earnest person and he's not schemic. His valuation of the company is eighteen million. Of course, he said that the company isn't worth this much currently, but it will take at least three months for a normal series A round. Thus, he fast forwarded it a little but didn't get the real value during the company's series A round, which is why he took a step back for you."
Shi Lei had nothing else to say and decided, "Then let Shi Qiang go to Wudong tomorrow to take over Zhen Xu himself. I'll give Zhen Xu Shi Qiang's contacts. Oh right. Do you have a photo of Shi Qiang on your phone?"
Jiang Yuanchao sent a photo of him and Shi Qiang, but Shi Lei mercilessly edited the photo and cropped Jiang Yuanchao out.
He then sent the photo to Zhen Xu along with Shi Qiang's name and phone number. He added, "This person graduated from Stanford University. He will go to Wudong tomorrow. Be prepared to greet him."
They finished lunch and because it was noon, they didn't overdrink. Because they had to pick up their cars at night, they found a shooting club and were there for the whole afternoon.
Shi Lei wasn't familiar with it and he was horrible at it. He only shot two discs by luck for the whole afternoon and Hu Xiaohua and Jiang Yuanchao laughed at him.
"Shi Lei, I really thought that you could do everything and knew everything. So there are some things you can't do," Hu Xiaohua and Jiang Yuanchao laughed at Shi Lei. Shi Lei thought, don't let me get a Shooting Card from the Black Card or I'm going to find you two so we can battle it out. When that time comes, let's see who's going to die first with fifty meters of distance.
For weddings, the groom and bride had to be at the banquet at around 4 PM as they had some preparations to do like fixing makeup. At around half past four, they had to start welcoming the guests in. So the cars which Shi Lei and the others lent were parked in the hotel's parking lot. Shi Lei's second uncle called him and said that they could pick the cars up anytime.
After leaving the shooting club, Shi Lei and the others went to pick the cars up. Shi Lei thanked them again and the majority of them left.
There were only Shi Lei, Hu Xiaohua, and Jiang Yuanchao left. They found a hotel next to the river and they were ready to have dinner.
Zhen Xu called again and asked in panic and confusion, "Mr. Shi, didn't you say that the graduate from Stanford University was coming tomorrow? But he's here already and I'm going to pick him up soon. I haven't even prepared anything yet!"
Shi Lei was blank for a second. He recalled that although Shi Qiang looked calm, Jiang Yuanchao mentioned that his cousin was actually the opposite. He probably thought that since both sides came to a mutual agreement, there was no need to drag it on for another day.
Hence, Shi Lei told Zhen Xu to not worry about it and that he didn't have to prepare anything. As long as he picked him up and handed over the things he was supposed to hand over, it was going to be okay.
Zhen Xu followed his instructions.
Shi Lei hung up the call and commented. "Brother Yuanchao, Shi Qiang is really a no nonsense, businesslike individual. We decided this afternoon and he's already in Wudong.
Jiang Yuanchao laughed, "That's who he is. He's very efficient and doesn't like to be tricked by his looks. He's a big workaholic. I can already imagine how frustrated that partner of yours named Zhen Xu or something will be today."
The three of them smiled together and ordered food and alcohol.
As they drank, Hu Xiaohua's phone rang.
Hu Xiaohua glanced at it and smiled, "It's from Taitan."
"Hey, Taitan, I heard that you couldn't wait and ran to Wudong already. Why? The guy from the company hasn't fainted yet, has he?" It was already 7 PM here but it was obvious that since Shi Qiang already came, he would have taken over the post as soon as possible and start the inevitable work overtime. He was afraid that Shi Qiang would gather all the staff for a meeting when he just arrived now.
Shi Qiang spoke over the phone, "I don't have time to joke with you right. Xiaohua, is your family joining or not? If you plan to invest in it a little, I'll give you ten minutes to transfer a million over and I will give you five percent of shares."
Hu Xiaohua felt helpless, "Taitan, aren't you too ruthless? I've been with Shi Lei and your cousin for the whole today and I heard what they said clearly. The valuation for that company is merely eighteen million and you even increased it for the sake of Shi Lei. It has been barely a few hours and you increased another two million?"
"Cut the rubbish. Now that I joined this company, do you think that I am not worth these two million? I'm telling you. If I had enough funds, I wouldn't even take you along to play."
Hu Xiaohua was even more speechless, but what Shi Qiang said was reasonable. Before he went, the company didn't even have a decent manager. With Shi Qiang there now, it was reasonable to increase the valuation by two million.
Hu Xiaohua replied without much hesitation, "Alright. It's only a million and I'm not going to talk to my Dad about it. I'll transfer it in a while. Give me the account."
Shi Qiang hung up without another word and quickly sent a bank account, which was Zhen Xu's company account.
Hu Xiaohua forwarded the account to his secretary and told him to transfer a million to this account right now.
After he finished doing that, Hu Xiahua drank a glass of wine and said, "Yuanchao, if Taitan burns my money, you need to return it to me!"
Jiang Yuanchao rolled his eyes, "That's between you and him. Not to mention that he's only my cousin. Even if he was my own brother, it would have nothing to do with me. I don't even see a single cent of your million. Why do I have to take the blame for him?"
Hu Xiaohua cursed and Shi Lei didn't hear it clearly because his phone rang again.
He checked and it was still Shi Qiang. Shi Lei picked it up and said, "Hey, why do you need me again? Why can't you just tell Brother Xiaohua to pass on the message?"
"As the company's CEO, I'm telling you that you must give me the funds for the previous angel investment as soon as possible."
Shi Lei immediately rejected him, "Impossible. Everything follows the contract." Without giving Shi Qiang another chance, Shi lei hung up. He turned to Jiang Yuanchao, "Your cousin is really ruthless. He took over the company and wants me to take the blame for him."
Jiang Yuanchao shrugged and shook off all the responsibility, "Same words; don't tell me about it because it has nothing to do with me."