I was reborn and stayed in school to lie down. I really don’t want to roll anymore!

"The development of Totoro Live is more important. I also have other projects I want to invest in."

Although Brother Lu's behavior is a bit old-fashioned, his emotional intelligence and other aspects have come from many years in the business world.

How could I not understand the current situation, including the meaning of Professor Zheng's words.

This was a very clear rejection. It was obvious that the other party looked down on his mere funds, could not provide any other help, and was not an actual founding partner of the company.

Their capital side can solve any simple financial needs if Brother Lu wants to continue to maintain his equity share in Totoro Live.

Then the C round, including the possible D round capital, may not be willing to enter the market when faced with an angel investor with a big appetite.

Once there is no new capital entering the market and the process of passing the parcel continues, it will be of little significance no matter how well the company develops or how great its potential is.

"Haha! Then Mr. Lu and I can communicate more!"

"You have a good eye for investment. You were able to find Mr. Jiang's project right away. If there are new projects in the future, we can talk about them together and invest together."

Feeling that Mr. Lu was considerate, Professor Zheng became more enthusiastic towards him.

While exchanging contact information with each other, they were also preparing to discuss cooperation and investment in other projects.

Or taking him to make other small investments, I guess it's also a sweet treat for Brother Lu.

It was not until after seven o'clock in the afternoon that the specific financing agreement was discussed, formulated, and signed.

After the A round of financing, Totoro Live’s post-investment valuation exceeded 1.4 million yuan.

Hillhouse Capital, as the lead investor, invested RMB 3600 million, accounting for 28% of the shares.

Yifan Investment followed up with an investment of RMB 1400 million, accounting for 7% of the shares.

Relatively speaking, Yifan invested more money for the same share, and ultimately had a smaller share, which is probably a concession to big capital.

The shares of Jiang Hao and Lu Weiming will be diluted to 55.25% and 9.75% respectively. At the same time, 10% of Jiang Hao's shares will be allocated and injected into the company's option pool.

As current and future executives and veteran employees who meet the requirements in the company, you are eligible to purchase options.

Sure enough, the founder's equity decreases quickly, and the faster the company grows, the faster his equity decreases.

Of course, since the options in the company's option pool came from his hands, they can be considered as bonus shares.

Then there are higher restrictions for executives or employees who purchase this part of the equity.

Including equity joint action agreements, priority repurchase and other restrictions.

In fact, before going public, this part of the equity only enjoys paper growth. If you want to really reap the benefits, you still have to wait until the listing.

The main purpose is to attract and bind senior managers and senior technical experts.

In essence, Totoro Live is not an EPIPIAO company, but a real Internet company, and this kind of options must be given to its employees.

Even if the company stocks in rounds A and B are still in the nature of pie-in-the-sky at present, but when it really reaches the C round, then these options will really have a chance to be cashed out.

Once it goes public, perhaps a whole group of multi-millionaires will emerge directly from the company.

"Professor Zheng, I really didn't expect you to start a private equity business in Songjiang City."

Inside the World Trade International Hotel, the financing was completed and Professor Zheng was the host for dinner tonight.

In any case, the successful completion of financing is a good start for all parties.

Manager Gao was in the box at this time, and he had returned to the same appearance as when he first came to the company.

"It's all determined by the market. Funds are flowing into private equity, and I just followed them."

"But I also pay attention to investments in other fields. I just don't have access to projects across the country like you do at Hillhouse. I am just doing small things in Songjiang City."

Professor Zheng and Manager Gao seem to have a very close relationship, and from the conversation between the two sides, Gao Yan also respects Professor Zheng very much.

Maybe it’s because one of them is still a senior employee, and Professor Zheng Yifan Investment cannot be compared with Hillhouse Capital.

But at least part of it is self-funded, and I am the boss.

Jiang Hao initially guessed that there was an essential difference between the two.

But after chatting for a few more sentences and reminiscing about the past, Jiang Hao finally understood.

It seems that when Professor Zheng was young and teaching at Shanghai University, he taught Gao Yan during his professional courses.

And later, Gao Yan worked at Gaoling Capital, and it was Professor Zheng who recommended her there a few years ago.

"Mr. Jiang, I see your company's main promotion is currently in contact with Tencent Video, right?"

"Yes, Tencent Video will promote game videos more vigorously, which is quite consistent with our company's current promotion model."

Tencent Video is a video business that was just established last year. With the support of Tencent, it has developed very rapidly.

It can be said that it is currently one of the major video websites on the Internet. In addition, its parent company has invested a lot in games, so there are naturally many game videos on Tencent Video.

"I can help your company contact this business later."

"That's great! Thank you in advance, Manager Gao!"

As a classic example of Hillhouse Capital's value investment, Tencent naturally has a certain influence on Tencent Group.

As long as it does not interfere with business operations and is just a matchmaker, Tencent is generally willing to give face to such large capital companies, and it is also a win-win cooperation project.

As one of Hillhouse Capital's investment projects, Totoro Live can now truly access Hillhouse Capital's resources and connections in China.

"No need to thank me. It's mainly because Director Zhang of our group is very optimistic about your project."

Gao Yan has been talking about Mr. Zhang, the founder of Hillhouse Capital behind her.

Jiang Hao thought she had just mentioned that Director Zhang was optimistic about him, but now it seems to be true.

"He is willing to help your company with some communications, and he also has something for me to bring to you."

"Mr. Zhang and Mr. Ma have had discussions recently. Tencent Group is also paying attention to the live broadcasting field and is considering whether to participate in it."

"At the same time, if you don't mind, in the future B or C round of financing, Tencent can participate in the investment in Totoro Live."

Hearing this, Jiang Hao's eyes lit up.

As a person who has been reborn, he knows very well how Tencent Group’s live streaming business is going. Entering the market too late will lead to a miserable exit.

However, Tencent is now a listed giant enterprise after all, and is no longer a simple Internet company.

Their business model is to focus on which market they are interested in, and then have several teams work on it internally while also investing widely outside.

With so many resources going into it, it’s like raising a parasite. As long as one company succeeds, that company will receive all of Tencent’s resources.

Therefore, Huya and Douyu, which emerged later, finally became part of Tencent.

Even if their own products fail, their development strategy in the live broadcast field is still implemented smoothly, and the entire live broadcast market is still firmly in their hands.

For large groups, this is the real rogue approach.

Market competition is no longer based on business capabilities, including innovative thinking or competing for company talent.

More often than not, it directly sweeps across the areas of its concern using the logic of capital.

But this is a rare opportunity for Jiang Hao. He doesn't care about Tencent investing in him or even having a controlling stake in him.

Being able to enter the Tencent system will only infinitely magnify the possibility of listing given Totoro Live’s current foundation.

Only by going public can he realize the maximum value of the stocks he holds.

The valuation of Totoro Live can truly be transformed into a market value that can be monetized.

After communicating with Gao Yan about Mr. Zhang's views and evaluation of his company, as well as the possibility of Tencent's future investment, Jiang Hao, who was already in high spirits, became even more hungry.

As for Lu Weiming, needless to say, he had already drunk a lot.

As a liquor distributor, drinking is indeed his basic skill.

However, although Lu Weiming had drunk the most so far, apart from his slightly red face, he seemed very sober and not drunk at all.

After the show ended, driver Lu Weiming drove the Alpha to take several people back one after another.

"Teacher Jiang, let's talk more when we have time at school later."

After saying this before leaving, Professor Zheng handed him a small black bag and then turned and left.

When Jiang Hao returned to the dormitory and opened the small black bag, he found a small square box with the word ROLEX printed on it.

As for what's in the box, needless to say, it's a Rolex Daytona watch.

Different from the one that Jiang Hao saw in Professor Zheng's hand, his was in black and gold, and overall it was more suitable for the temperament of young people.

After carefully playing with the dial, I found that there were words engraved on the back.

"I wish you good luck in your studies, Mr. Jiang! Gift from Zheng Qishan."