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

"I have learned a lot of new knowledge about venture capital recently!"

"Although I don't understand some of the words in English, at least I didn't use them in the wrong places."

"Professor Zheng, do you think I should read these before investing?"

We are all old friends, so this step should be given to Lu Weiming.

Anyway, Professor Zheng just smiled and nodded silently without saying much.

"Brother Lu, who did you learn these words from? They sound quite professional."

Jiang Hao was now curious.

It seems that Lu Weiming has been a little weird since the last investment in MiHoYo.

He became more and more obsessed with investment, and especially at the end he expressed his desire to seek the opinions of professionals.

Could it be——!

"I learned it from the newly hired investment managers."

really!

I really learned it from the people he recruited.

However, based on his current perspective, these newly recruited investment managers don’t seem very reliable!

"Old Lu, you've been fooled!"

Without waiting for Jiang Hao's subtle reminder, Yang Tianhao had already become straightforward.

"How is this possible? How can I be fooled by someone with my level of judgement?"

Just one sentence from his good brother was enough to make Lu Weiming lose his guard, and his tone of voice became higher in his rebuttal.

"They're not just using these words to fool you, are they?"

"That's impossible! The people I recruit are genuine."

"Then have they analyzed for you which companies in the market are doing well and are worth investing in?"

"Then give you a specific valuation, help you invest together? Or is the investment profitable?"

A series of direct hits made Lu Weiming narrow his eyes and his expression changed in a complicated manner.

"Professor Zheng, what is the valuation of this company?"

Seeing that the atmosphere was a bit awkward, Professor Duan finally brought the topic back.

After all, it is his company that is raising funds today. As the first enterprise he founded, he feels particularly satisfied that it has developed to this point.

Of course, if it could really go all the way up and eventually go public, he would naturally be more willing.

"It depends on how much you are willing to give up. If the valuation is 7 million, I want 25% of the equity."

"If the equity investment is only 15-20%, my valuation may have to be discounted, maybe between million and million."

Risks and opportunities coexist, and Professor Zheng is the type who trades high risks for high returns.

The premise is that the return must be high enough, otherwise no one would be willing to invest at a high price at this point.

Upon hearing that the guaranteed minimum valuation was 500 to 600 million, Professor Duan breathed a sigh of relief.

The robot vacuum cleaner company was in a daze and was even on the verge of bankruptcy at first.

Later, it was Jiang Hao who led Lu Weiming and Yang Tianhao to force the A round to move forward.

I didn’t expect that Professor Zheng is willing to take high risks even though the results of the new generation of products have not yet been seen.

When I think about the fact that my company’s valuation has suddenly exceeded 100 million, or even hundreds of millions in scale, I feel really sad.

Even Professor Duan was a little overwhelmed by the surprise.

For a moment, he wanted to give up his teaching job in college.

Fortunately, it was only a moment, and many things began to align with Jiang Hao's.

Thinking that Jiang Hao would obviously return to Songshi College after graduation, he felt much calmer.

"If it's just 25%, I personally agree to the financing transfer."

"Since Professor Zheng is willing to take this risk, I have no problem with that."

Following Professor Duan, Jiang Hao also expressed his opinion.

Naturally, Pang Yi didn't need to say much and would definitely follow his teacher's attitude.

In this way, the overall situation has actually been decided.

Fortunately, Lu Weiming and Yang Tianhao had no objections.

Seeing that everyone had reached a consensus, Jiang Hao continued.

"After this round of financing by Dibao, my personal equity will be diluted too little."

"So I will follow suit in this investment to guarantee my personal share."

"Is everyone okay with this?"

After the dilution in the A round, Jiang Hao's personal equity is only 4%. If it is diluted again this time, it will only be 3%.

He had just received dividends from several companies in the first half of the year, and the cash on hand had already exceeded 50 million.

This money is intended for investment.

Since Professor Zheng was willing to spend a lot of money on this sweeping robot project, he also knew that there was indeed such a market potential in the future.

Now we are also prepared to follow the investment, at least the 4% equity in the next few rounds cannot be less than that.

Naturally, everyone had no objection to Jiang Hao's request.

In particular, the entire sweeping robot was actually developed to a large extent by Jiang Hao.

The main reason was that he didn't have much money at that time, so he asked Professor Zheng to be the major investor in the angel round.

Now that he is rich, he will naturally not allow his shares to be diluted.

The entire B round of Dibao Technology was finally agreed upon with a valuation of RMB 7 million.

Before financing, Dibao Technology was valued at RMB 7500 million, after the earliest opening of a round of option pool.

The equity distribution is as follows: Professor Duan holds 47.25%, Professor Zheng 12%, Pang Yi 6.75%, Jiang Hao 4%, Lu Weiming 10%, and Yang Tianhao 10%.

The company's employee option pool is 10%, and these shares are fully held by Professor Duan.

Invested 1.75 million RMB and asked for 25% of the shares.

After the entire B round of financing, Professor Zheng’s Qishan Investment became the largest shareholder, holding a 37% stake.

After Jiang Hao invested another 700 million yuan, he still holds a 4% stake.

The shares of the remaining persons are all diluted after dilution.

Professor Duan holds a 33.55% stake, Pang Yi holds a 4.79% stake, Lu Weiming holds a 7.1% stake, and Yang Tianhao holds a 7.1% stake.

The company's option pool shares were also diluted to 7.1% and continued to be held by Professor Duan.

As for the future replenishment of the option pool, we will talk about it when the time comes.

All matters are settled after the contract is drafted, including after the lawyer has checked it and everyone has signed it.

Jiang Hao, Lu Weiming and Yang Tianhao did not feel deeply about the reality.

Professor Duan, Pang Yi and Professor Zheng all breathed a sigh of relief.

With 1.75 million yuan spent this time, I'm afraid Professor Zheng's personal funds have been drained out.

It can be said that I have invested a lot of money in the Deebot sweeper.

"Junior Brother Pang, now that the B round of financing is completed, the company can breathe a sigh of relief."

"Your salary, including the income of other people in the company, can also be appropriately raised! Don't always focus on yourself and the company team!"

Jiang Hao also spoke up on behalf of Junior Brother Pang.

After all, his current income is still not high. I heard that it is a fixed salary of 10,000 yuan per month.

He only proposed this to himself after the A round.

During the angel round, the company was in a downturn and Pang Yi even did not receive any money for several months.

Jiang Hao himself started his own business and knew the process involved.

Professor Duan's main job is still in college, so he has no shortage of living expenses and he doesn't think about his student at all.

At least he gave Pang Yi enough shares, so he is a very kind teacher.

But Pang Yi was at a critical age, at the time when he was most in need of cash, and was lacking everything such as marriage and family.

Now that Jiang Hao reminded him of this, Professor Duan suddenly came to his senses.

"Yes! Xiao Pang, you have made great contributions to the development of the company."

"Don't make it hard on yourself. Give yourself a raise based on the salary standards of managers in the market."

After Professor Duan said this, Pang Yi's eyes finally lit up.

At the same time, he clasped his hands together and secretly expressed his gratitude to Jiang Hao.