The current situation is not good.
Ma Huateng is just a young man in a startup company, not the future BAT Big Three.
Facing Zhang Yaoyang who used the Godfather Experience Card, he was naturally afraid.
However, Ma Huateng quickly adjusted his state.
"Hello." Ma Huateng walked towards Zhang Yaoyang with a smile on his face.
Zhang Yaoyang looked at Ma Huateng, and he also stood up and walked towards Ma Huateng.
Zhang Yaoyang and Ma Huateng stretched out their hands, shook hands, and sat down.
As soon as he sat down, Zhang Yaoyang said: "I have studied your products."
Ma Huateng hummed and waited to hear the next words.
"Your product is derived from ICQ, which is also the first instant messaging software. It was officially launched in November 1996 and became a sensation in the United States. The software integrates online chat, instant messaging and file transfer. It gained 1 million registered users in just a few months, and by the time it was acquired in 1998, the number of users had exceeded 10 million."
"However, it has always adhered to its American roots, and its software applications are still in English. All official languages are also English. The language restrictions of the Internet mean that ICQ is only popular in some English-speaking countries and is little known in the domestic market, let alone downloaded by users."
"Due to ignoring the international market and its own unsophisticated original technology, your QQ has the opportunity to develop in China. You not only imitate the basic functions of chat in content, but also have the same effect in form."
Zhang Yaoyang's words shocked Cheng Cheng.
Cheng Cheng didn't expect Zhang Yaoyang to know so much about Internet companies.
What is ICQ? She really hasn't used it.
She hasn't even used Penguin's QQ software.
Ma Huateng nodded frequently. What Zhang Yaoyang said represented one thing: Zhang Yaoyang had investigated their company in detail.
Since he had done his homework, he really wanted to invest.
"However, you are not profitable now. There is basically no cash flow. You rely entirely on your own funds and some scattered business support. However, the growth rate of users has completely exceeded the team's expectations. Therefore, a large amount of funds need to be invested every year to purchase servers."
Zhang Yaoyang looked at Ma Huateng. Ma Huateng sighed and replied: "Mr. Zhang, you are right. Our Penguin is not profitable yet. To be precise, if there was no investment of 4.4 million US dollars last year, we would have gone bankrupt."
Due to the geometric growth of QQ users, the funds in the account were basically exhausted within a year, and there was a risk of bankruptcy at any time.
Ma Huateng and other founding teams tried to sell part of the company's shares in exchange for financial support. They also tried to sell Penguin for 3 million, but after finding many companies, no one was willing to invest or buy Penguin.
Zhang Yaoyang said: "Now is the era of the Internet bubble. Investors are looking for ways to cash out and leave. I believe that the investors who invested in you last year also have this idea."
Ma Huateng nodded gently. He knew that the man in front of him understood their situation.
Zhang Yaoyang said: "I want the shares they have. You contact them to sell them to me. In addition, you sell me 20% of the shares."
When Ma Huateng heard that Zhang Yaoyang wanted to buy so many shares, he was stunned!
Now is the era of the Internet bubble. Funds are trying to jump out of the fire pit.
However, Zhang Yaoyang actually jumped into the fire pit!
In early 2000, Penguin introduced venture capital companies IDG and Yingke through intermediaries, with a total valuation of 5.5 million US dollars.
. 2000 was the year of the stock market crash of the Internet bubble. The market value of most Internet companies listed in the United States fell by more than 90%, and nearly half of Internet companies also fell in the stock market crash. The stock market crash occurred only one month after Penguin signed the investment transfer agreement.
IDG and Yingke were so regretful that they also wanted to get out of the fire pit.
Ma Huateng pondered for a while: "Mr. Zhang, I can't reply to you immediately. I need to discuss it with my partners."
Zhang Yaoyang said: "Okay, but I hope you can reply to me as soon as possible. Although I am optimistic about your development prospects, you are not the only company I am optimistic about."
Ma Huateng replied: "Okay, please leave me your contact information. We will reply to you immediately after we make a decision."
...
Zhang Yaoyang and Cheng Cheng left Penguin and returned to the hotel.
Cheng Cheng didn't say a word along the way.
When he first met Zhang Yaoyang, Cheng Cheng thought that Zhang Yaoyang relied on women to get to the vice president of the group.
However
, Zhang Yaoyang's ability changed Cheng Cheng's view of Zhang Yaoyang.
Especially today, Zhang Yaoyang suppressed Ma Huateng in terms of momentum.
In front of Zhang Yaoyang, Ma Huateng was like a primary school student.
Women all admire strong men, and Cheng Cheng is no exception.
Zhang Yaoyang said: "Cheng Cheng, help me book a ticket to Lin'an, the time is two days later."
"Is there any company in Lin'an that Brother Yang is optimistic about?" Cheng Cheng asked curiously.
"Yes." Zhang Yaoyang nodded.
Cheng Cheng nodded and turned away.
At the same time.
Ma Huateng gathered the Genesis team together for a meeting, and he told Zhang Yaoyang's purpose.
"What is his background? How can he come up with so much money?"
"I have never heard of this person."
"Who cares? He is willing to invest in us, which is good for us."
"It is too difficult to raise funds now. Our server costs this year will be more than 8 million. According to the current user growth, the server costs next year may exceed 20 million."
"Even if Telecom gives us a share, plus the current account expenses, it is not enough to meet the expenses."
Ma Huateng's founding team is very sensitive to numbers.
To be precise, they are all afraid of poverty.
What's more, it is now in the Internet bubble period, and the industry is in a state of panic.
Not to mention their small companies, even big companies such as Huang Yi and Zhalang are not doing well.
Every Internet company is cutting back on food and clothing, hoping to survive the difficulties.
"Vote."
Ma Huateng said to the crowd.
"Raise your hands if you support selling shares!"
After Ma Huateng finished speaking, he took the lead in raising his hands.
Tomorrow will be heaven or hell.
None of this can be predicted.
Ma Huateng only knows one thing, as long as there is money in the company account, it can persist.
As Ma Huateng raised his hand.
Another person raised his hand.
"I agree to sell, too."
"I... I agree, too."
Three of the five people have agreed.
The remaining two founders hesitated for a while.
One of them said, "In fact, we still have enough funds in our account now, so we don't need to remember to sell more shares."
"When can we make a profit?" Ma Huateng said in a deep voice, "If we can make a profit next year and don't need external funds, then I won't sell it."
The two founders heard this and raised their hands silently.
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