My Age of Investment

  Chapter 496 Thoughts fell through (seeking monthly ticket)

  "Dalun, I think there are fewer than ten employees in your Beijing office, right?

  With such a small number of people, using such a large office, I don’t know if it will be lonely. "

  Seeing that Yang Haoyong had achieved his goal, another Huang Xin who gave the flower basket also spoke with a shy face.

  Xia Jingxing was stunned, and then smiled: "No, the colleagues in the Magic City and Hong Kong offices also have an office area of ​​more than 100 square meters per capita.

  We will prepare a lot of supporting office facilities such as coffee house, cigar bar, gym, lounge and so on.

  Provide employees with a superior and comfortable office environment, which is also the concept that Envision Capital has always adhered to. "

  Xiu Huangxin's scalp is tingling!

  In order to save money on their school intranet, the entire company is squeezed into a three-bedroom house for office and business purposes.

  This one is good. In the most prosperous CBD, it provides employees with more than 100 square meters of office area per capita.

  The office area per employee is more than the office area of ​​their entire company.

  Too frantic, and too shocking!

  Huang Xin originally wanted to borrow the office. Hearing what Xia Jingxing said, he didn't know how to speak.

  Xia Jingxing naturally guessed Huang Xin's thoughts. It is not without precedent for venture capital institutions to borrow offices to start-up companies.

  It's just that they didn't invest in the school intranet. It is unreasonable to borrow the office to the school intranet.

  Furthermore, he was worried that if he escaped from the difficult environment, the team on the school intranet would quickly become corrupt.

  Heaven will succumb to the people of Sri Lanka. Isn’t it necessary to work their muscles and bones, hungry their skin, and empty their bodies?

  School intranet will continue to stay in the three rooms and one hall of Huaqing Jiayuan!

  Xia Jingxing pretended to be stupid, and forcibly blocked Huang Xin's next sentence.

After staying for a while, Yang Haoyong and Huang Xin also left.

  Until he left, Huang Xin still didn't say what he planned to borrow the office because of his thin skin.

  …………

  …………

afternoon.

  The Beijing Office welcomed its first real guest.

  A 40-year-old man with gold-rimmed glasses visited the 36th floor of China Merchants Building with two gentle and gentle companions of the same age.

   "Chen, Jiang, Xiao, hello!"

  Xia Jingxing, Fu Jixun and the three shook hands, greeted the three of them to sit down on the sofa, and asked a female employee to serve each of them with tea and drinks.

  Xia Jingxing looked at the three founders of AutoNavi Map and was very satisfied.

  The Gaode map is their first project to grab food from the tiger's mouth in Sequoia China!

After receiving Xia Jingxing’s advice, Fu Jixun took a lot of thought and inquired about several projects that Sequoia has been in contact with recently.

  Xia Jingxing hit the AutoNavi map at a glance, thinking that this company is related to him.

  So, Fu Jixun contacted Chen Congwu, the founder of AutoNavi Maps, and then there was today’s meeting.

  "The three may not be familiar with President Xia and Vision Capital. I will introduce them to the three first."

  Fu Jixun was halfway talking, but Chen Congwu waved his hand to interrupt.

  The latter smiled and said, "No, I don’t know the names of President Xia and Envision Capital. How many domestic entrepreneurs do not know, how many do you know?

  Fu, you don’t have to be polite, let’s just go directly to the topic. "

  Xia Jingxing glanced at Chen Congwu, this one seemed to be a little anxious!

  Fu Jixun responded quickly and smiled: "Okay, since Mr. Chen is quick to talk, let's not make a fool of himself. First, Mr. Chen, please introduce AutoNavi Software Company!"

  Chen Congwu nodded, took out a bunch of materials from his bag, and handed them to Xia Jingxing and Fu Jixun respectively, and then introduced the company.

  " AutoNavi Software was established in August 2002, but our team has been planning this project since the mid-1990s, doing some preliminary accumulation, and in 1997 became the only member of the Japan Navigation Association in mainland China.

  The original intention of our establishment of Gaode is very simple, mainly because we saw the wide application of GPS during the Gulf War.

  After the end of the Gulf War, the US GPS global positioning service was opened to the world, especially Japan has already taken a step forward in car positioning and navigation systems.

  In 2000, my country put forward a policy of making automobile manufacturing as a national pillar industry, and two years later, it put forward a strategy of letting automobiles enter millions of households.

  These two policies gave me a clear idea of ​​starting a business-to make car navigation maps in China..."

  Xia Jingxing did not interrupt, listening quietly to the other's entrepreneurial history.

“At present, AutoNavi has obtained the Class A surveying and mapping qualification for navigation electronic maps issued by the National Bureau of Surveying and Mapping, becoming the first private enterprise in the country to obtain this qualification. Waiting for car companies to reach a cooperation to provide them with car navigation electronic maps.

  Okay, this is almost the current achievements and status quo of our AutoNavi Software. "

  Chen Congwu, who finished speaking in one breath, was dry and dry. He picked up the teacup on the table and poured a big sip of tea into his mouth.

  After listening, Xia Jingxing smiled politely, without showing any preferences or tendencies.

  But I have already begun to figure it out. According to the other party, it is basically the status quo of AutoNavi Software. It has not yet started to engage in the Internet. It is purely a car navigation company, and its value has not yet been fully highlighted.

   "Okay, I understand, Mr. Chen, please talk about the valuation and financing amount!"

  Xia Jingxing did not ask too much, and started the inquiry directly.

  Chen Congwu glanced at each other with his two partners, and solemnly said: "We want to raise 40 million US dollars at a valuation of 100 million US dollars."

  The number is not small!

  Xia Jingxing was slightly surprised, but still calm on the surface, and asked faintly: "Is 100 million US dollars a pre-investment valuation or a post-investment valuation?"

  Chen Congwu smiled and said: “Naturally it is a pre-investment valuation. Although AutoNavi has been established for more than three years, our revenue has reached the order of tens of millions of yuan.”

  Chen Congwu is a graduate student in the Department of Finance, Trade and Economics of the Academy of Social Sciences. After graduation, he also worked in finance and trust.

  He doesn't particularly understand venture capital, but he is not a fledgling rookie. He understands the principle of asking prices and paying back money on the ground.

  Xia Jingxing glanced at Fu Jixun. The latter was expressionless, and only slowly said after a long while: "This valuation is high, and we can accept it minus half."

  Chen Congwu shook his head, “The offer from Sequoia China is very sincere and higher than your offer, but we still rejected it.”

  Xia Jinghang's secret road, this corner is still a bit hard to dig!

  Autosoft has cooperated with several Japanese companies relatively early. In the past few years of establishment, it has directly won cooperation orders from many large car companies.

  From some aspects, it is no longer the initial stage, but has entered the growth stage.

   Correspondingly, the valuation has directly crossed the millions and tens of millions, and directly reached the billions, and the unit is still US dollars.

  In terms of return on investment, it is not a particularly good business. When it was privatized by Ari, it only had a market value of more than one billion U.S. dollars, and it was almost ten years later.

  But from a strategic point of view, it is an enterprise that must be established.

  Fu Jixun had a bargain with Chen Congwu, and talked about the pre-investment valuation of 80 million US dollars, and could no longer talk about it.

   "Well, let’s talk about it today!"

  Xia Jingxing is not irony, knowing that he can’t eat hot tofu in a hurry.

  Although he wants to play with Sequoia, he does not want to be taken advantage of.

After sending away the three of Chen Congwu, Fu Jixun walked back with a grim expression.

   "Mr. Xia, it is estimated that our idea of ​​a quick fight has failed."

  Xia Jingxing nodded, "I know, don't be anxious, you can go with them slowly.

  A project of tens of millions of dollars is not a small amount for Vision Capital, and the same is true for Sequoia.

  Shen Beipeng and the others have not yet put out their first project, and they are also very cautious.

  I will leave the rest to you, don’t put too much pressure on it, you can’t run away! "

  Fu Jixun nodded. As long as the boss is not in a hurry to produce results, he will be able to operate more easily, and he is confident to talk about a relatively ideal price.

  (End of this chapter)