I was reborn and stayed in school to lie down. I really don’t want to roll anymore!
Chapter 149 Valuation 1 Billion
"Boss Jiang, I had already approved your live broadcast project yesterday."
"But my boss, Mr. Zhang, is also very interested in your project, so I talked to him again today."
"Regarding the financing project of Totoro Live, our company has officially passed the approval."
Manager Gao spoke in a very calm tone. From what she heard, it should be a Series A financing project, which involves a small amount of money and she can make the decision on her own.
However, Totoro Live really caught the interest of Mr. Zhang, the boss behind Hillhouse Capital, who even had a special chat about it.
It seems that their company is really famous now!
"Are you free tomorrow or the day after tomorrow? I will come over to discuss the specific valuation and other details with you."
"I'm free. Manager Gao, just follow your schedule."
After so much hard work, the company is finally about to move to the A round.
Jiang Haoming’s classes the day after tomorrow are all public classes, so it doesn’t matter whether he goes or not, since Professor Huang has already made the arrangements for him.
Moreover, for such a major event, he had to take leave even for his professional courses. He couldn't delay such a crucial financing.
"Then let's do it tomorrow afternoon. I will also notify Professor Zheng."
"Let me confirm with you one last time. This time, the Series A financing for Totoro Live will only be conducted jointly by our company and Yifan Investment. Is this ok?"
"I'm OK."
"Okay! Then Mr. Jiang, let's contact each other tomorrow."
……
"Brother Jiang, where is Manager Gao's plane?"
In Jiang Hao's office, Lu Weiming was holding a lunch box in his hand, and he was not in a hurry to eat the big meatball on his chopsticks.
His face was full of anxiety, and he did not hide it at all in front of Jiang Hao.
Originally Jiang Hao and Lu Weiming were going to pick him up at the airport, but this job was finally taken over by Professor Zheng.
Both parties were planning to talk after getting off the plane, so Jiang Hao didn't join in the fun.
"I got on the plane half an hour ago. The flight takes two hours. It should arrive at our company around 2pm."
Jiang Hao was actually just as excited inside, but he concealed it well, and nothing could be seen from his expression.
"That's fine, that's fine."
As he said this, he finally stuffed the big meatball on the chopsticks into his mouth.
"Hmm...? These meatballs taste good!"
"Sure enough, eating out has to be this kind of boxed lunch to be delicious! The food in the restaurant is really not as satisfying as this boxed lunch!"
While he was talking, another big meatball was stuffed into his mouth.
"This was recommended by Old Tang, how could it be bad?"
"No wonder! Manager Tang has some experience in eating this!"
Lu Weiming has now also invested in Yipiaopiao Company. Although he is not involved in the management, he still knows several department heads in the company.
Especially Jiang Hao’s college classmate, Lao Tang, the head of the technical department.
The business that Fuyang City is about to launch still needs Lao Tang to travel between the two places for more technical support in the initial stage.
After eating the box lunch, the two went to the tea room of the company next door and drank tea for more than an hour, trying to calm down.
Finally at two o'clock in the afternoon, I met Manager Gao's team and Professor Zheng's team who had arrived at the company.
"Manager Gao, I've been communicating with you on the phone and WeChat for so long, and today I finally have the honor of meeting you in person!"
"How is it? Not as young and pretty as you thought, am I? Haha!"
Manager Gao Yan has big wavy hair, fair skin, and red lips that are particularly eye-catching against her skin and hair color.
He looked to be around thirty years old, but was actually thirty-seven. He wore a simple green silk shirt and black cropped pants.
Even though he was dressed simply, he gave off a professional and strong aura, which was completely different from Assistant Yao who had come before him and was just dressed to impress, but was actually a newcomer in the workplace.
"No, no, Manager Gao, you are younger and more beautiful than I imagined, whether on the phone or in person."
"Boss Jiang, you don't seem to be so good at praising people over the phone! Haha!"
"And you are much more mature than I thought!"
Jiang Hao wore a more formal suit this time, but it was still a standard style.
He had already ordered a custom-made suit these two days. Even if he rushed it, it would take a week, so he had no choice but to go to the mall and buy another one.
"Boss Jiang, why don't you take Manager Gao around the company first?"
Professor Zheng also reminded him at this time, asking him to take everyone on a tour first.
After the entire Totoro Live Company recently recruited several new operators, the company no longer feels as empty as before.
On the contrary, the atmosphere in the hall where everyone was working enthusiastically made Manager Gao and Professor Zheng quite satisfied.
Jiang Hao also knew that the team members following the two of them this time were all lawyers.
He was not the analyst or partner in other companies as he thought. It seemed that as long as the intention could be finalized today, the contract could be signed at any time.
After a quick tour of a few minutes, lawyers from both teams checked their company's registration information and some documents outside the office.
Jiang Hao finally sat down on the sofa with Professor Zheng, Manager Gao, and Lu Weiming to formally discuss financing matters.
"Mr. Jiang, what is your valuation for Totoro Live in the A round? How much do you expect to raise to reach the B round?"
Manager Gao got straight to the point right away, and the few of them didn't chat or joke around like they did outside.
Faced with the right to bid again, Jiang Hao had just suffered a loss in the coffee shop a few days ago, so there was no way he would choose to bid first this time.
"Manager Gao, I still want to hear the estimate given by your company first, and how many shares are you prepared to take?"
He didn't throw the question back in a roundabout way, otherwise he might not be able to get around this senior manager of a first-tier venture capital company.
Seeing that Jiang Hao was clearly not going to speak, Gao Yan turned her head and glanced at Professor Zheng.
As expected, the two investors had already communicated before getting off the plane. Jiang Hao had no way to do anything about this. He couldn't really prevent the two from meeting and communicating.
Not to mention that the project was introduced to Gao Yan by Professor Zheng, what was more important was that if the two of them really wanted to talk, they could do so over the phone.
Ken told him that they should communicate in advance after getting off the plane, which was very respectful of his approach.
Seeing Professor Zheng nodded slowly, Gao Yan took the lead.
"Our company values Longmao Live at 3500 million yuan in its Series A round. Our group is preparing to invest 35 million yuan with Yifan Investment to acquire % of Longmao Live's equity."
Hearing the valuation of 100 million, Jiang Hao subconsciously clenched his hands that were already on his thighs.
But with his deliberate restraint, he soon let go.
Pretending to be calm, he picked up the cup on the coffee table and drank a sip of tea, not seeming to be in a hurry to speak.
Of course, the reality is that he is a little reluctant to speak up at the moment, as this valuation is far beyond his expectations.
In fact, his conservative expectation for the valuation of the A round is more than 30 million.
At present, there are 1.8 million registered users on Totoro Live, with an average daily active user base of nearly 160,000 and a monthly active user base of around 600,000.
Even if we calculate the monthly active users at roughly 50 yuan per user, the valuation is 30 million.
Of course, this is a relatively conservative stock price, but the other party asked for 100 million, which more than tripled the price for one user.
Jiang Hao's mind is now filled with gratitude. It is true that every failure makes one wiser.
If he were really allowed to speak, the most he could offer would be to double the valuation to 60 million, and he really couldn't even call out a price of 100 million.
Now this is the valuation that the other party has called out first, which means that he still has room to continue raising the price.
Lu Weiming on the other side also had a dull look in his eyes at this time.
To be honest, Lu Weiming himself has a lot of money, and he definitely has one or two small goals in personal assets, but this is the money he has worked hard for many years.
This time, it was an investment of two million in less than half a year.
The valuation of Totoro Live, which holds a 15% stake, has soared to million yuan.
Even though his equity will be diluted after the financing, its value will still exceed 10 million, which is a five-fold increase!
More importantly, this is only the A round. Lu Weiming looked at Jiang Hao drinking tea and immediately felt a little thirsty.
It is easy to follow suit at this time and pick up the teacup to drink.
The two investors sat opposite each other quietly waiting for Jiang Hao and Lu Weiming's response.
The two of them held their cups and drank water, occasionally making eye contact with each other.
This scene is really weird.
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