Reborn as a tycoon in Hong Kong
Chapter 553 Power Money System (Two in One)
After returning to Los Angeles, Lin Baicheng took time to visit various companies to show his presence.
At the same time, Lin Baicheng did not forget to take time to show courtesy to Lin Qingxia. Now, Meiren Lin has no friends here in the United States, and Erqin is on the other side of the ocean. If she doesn't show her courtesy at this time, why not wait until Lin Qingxia returns to Xiangjiang before showing her courtesy?
I don't know if it's an illusion, but Lin Baicheng feels that he and Lin Qingxia now have a feeling of being 'friends more than lovers'.
Two days after returning to Los Angeles, Lin Baicheng made a special trip to Zhonghe Game Company. The financing contract of Zhonghe Game Company was officially signed today.
The financing details are the same as what Phil Smith had agreed with Lin Baicheng before. Zhonghe Game Company gave up 10% of the shares at a valuation of US$200 million, Hutchison Whampoa spent 6 million to subscribe for 3% of the shares, Logan Rockefeller and Anna Nord invested 2 million each to subscribe for 1% of the shares, and Sequoia Capital won the remaining 5% for 10 million US dollars.
The contract was officially signed today. Hutchison Whampoa sent someone to do this. It is impossible for a big boss like Lin Baicheng to make a special trip just for 3% of the shares.
The reason why Lin Baicheng came here is because he is the largest shareholder of Zhonghe Game Company. After the 40% of the shares he originally held was diluted, he still has 36% of the shares left. He is still the largest shareholder of Zhonghe Game Company.
The contract was reviewed and confirmed by professionals. After confirming that there were no problems with the contract, representatives of all parties signed and sealed the contract.
"Alan, congratulations on doing another good business."
After signing the contract, Don Valentine talked to Lin Baicheng.
After shaking hands with Don Valentine, Lin Baicheng smiled and said: "I believe that the future development of Zhonghe Game Company will not disappoint you Valentine."
"I firmly believe in this, because its largest shareholder is Allen. If it weren't for Allen, you are the company's major shareholder, I would not have that much confidence in Zhonghe Game Company."
Don Valentine held Lin Baicheng in disguise.
Lin Baicheng smiled and waved his hand when he heard this. He didn't completely believe what Don Valentine said. After all, 10 million US dollars was not a small amount. He didn't believe that Don Valentine made the decision just because he was the major shareholder of Zhonghe Games Company. It is simply impossible for this kind of thing to happen without making an investment decision.
However, if Don Valentine said he was obedient, it would be easy for Lin Baicheng to undermine him. After all, he was the one being praised.
"With Allen's guidance and Smith's operation, Zhonghe Game Company will definitely enter a rapid development path."
The one who spoke out was Wade Thomas. He was very happy today because his previous investment of US$500,000 had increased by about 20 times today. He originally held 5% of Zhonghe Game Company's shares, and after dilution, he was left with 4.5% of the shares. Based on the company's valuation of US$220 million, it is equivalent to US$9.9 million, which can basically be said to be US$10 million.
This was tens of millions of dollars. Wade Thomas didn’t know how many years he would have to work at Goldman Sachs to earn so much money. Therefore, when there was a voice within Goldman Sachs that he was taking away the share that should have belonged to Goldman Sachs, he immediately resisted. He cannot sacrifice his own interests for this.
Wade Thomas knows very well that if Zhonghe Games continues to develop and grow in the future, and if the company's market value reaches 1 billion US dollars, those voices will still appear, and more people will speak out, and he will be in greater trouble. But Wade Thomas was not afraid at all. At most, he would just leave Goldman Sachs.
The platform of Goldman Sachs is indeed very big, but no matter how big it is, it can’t be bigger than real benefits, and it can’t be bigger than green dollar bills.
Lin Baicheng said aloud: "The main thing is to rely on everyone's joint efforts."
"Allen, Smith, let me ask, regarding the company, do you have any plans to go public?"
Don Valentine asked aloud. As a venture capitalist, he hopes that the company he invests in will be listed immediately, so that his shares can be sold and cashed out, and the profits can be pocketed.
"Smith."
Lin Baicheng looked at Phil Smith after hearing this. Although the market value of Zhonghe Game Company has reached more than 200 million U.S. dollars, Lin Baicheng's shares are equivalent to nearly 80 million U.S. dollars, and many companies under his name The value of the company is simply incomparable, so he must be more attentive to those companies.
Lin Baicheng still doesn't care much about Zhonghe Game Company. It can be seen from the fact that Phil Smith is the chairman of the company. Phil Smith is also responsible for this financing, so he doesn't have any I have considered the listing of Zhonghe Game Company.
"There are no plans to list the company in the short term."
Phil Smith said out loud: "If the company is going to be listed, I will not let the company choose to raise funds. It will take at least two years to wait for the company to establish overseas sales channels and sell the company's games. Only when the company's valuation reaches a higher level in foreign markets will we push to list the company."
"That's true, but there has to be an approximate time, right?"
It was the representative of Goldman Sachs who spoke out this time. Yes, although Wade Thomas is here today, he represents himself, and Goldman Sachs sent someone else here.
Goldman Sachs held 20% of the shares of Zhonghe Game Company before financing. After the financing was diluted, 18% of the shares remained. The company's valuation increased by about 20 times. Goldman Sachs was very satisfied, so now Goldman Sachs wants the company to go public as soon as possible and gain It's better to get your money back early.
Upon seeing this, Lin Baicheng said: "You two, the company has its own development plan. It cannot be listed for the sake of listing. It would be bad to sacrifice the company's development prospects. No matter what Goldman Sachs and Sequoia Capital think, I personally I hope the company can grow bigger and stronger in the long run, so it’s better to let nature take its course when it comes to listing.”
"Since you said so, Allen, of course it is based on your opinion."
Don Valentine said very wisely. He knew very well that the shareholding ratios of Sequoia Capital and Goldman Sachs could not make the decision at all. The real decision-makers in the company were Lin Baicheng and Phil Smith, among whom Lin Baicheng was the core.
When all the shareholders except Anna Nord left Zhonghe Gaming Company, Lin Baicheng did not leave, but followed Phil Smith to his chairman's office.
"Alan, thank you very much just now, otherwise Goldman Sachs and Sequoia would definitely ask me to come up with a company's listing plan or listing time."
Phil Smith thanked Lin Baicheng. Capital is a double-edged sword. It can bring sufficient development funds to the company, but it can also bring some troubles to the company. For example, when a company goes public, capital will only continue to force management to go public early without considering whether doing so will have a negative impact on the company.
Lin Baicheng spoke up and said: "Smith, I will definitely support you in the development of Zhonghe Game Company, so you don't have to worry. With our combined shareholding ratio, it will be useless even if Goldman Sachs and Sequoia join forces. Don’t think about them.”
"If it's something trivial, you still have to give them face. After all, they are shareholders of the company and have a lot of energy."
Phil Smith said with a smile, and then said: "Alan, I heard you say before that the console market is booming, and I am going to recruit a group of people to develop console games, and then get the games to the stars. What do you think of the launch of Yue Host as a platform?"
"Of course that's good, I welcome it."
Lin Baicheng immediately said that he had such considerations when he agreed to establish this company with Phil Smith and the others, so naturally he would not object.
"But Smith, I want to remind you that the Xingyue console is different from Atari's console. Not all games can be released on the Xingyue console. All games must be reviewed by the company and can only be released with the company's permission. They are shoddy. Or some games that satirize religion, are racially discriminatory, or involve territorial disputes in other countries, etc., Star and Moon Console will definitely refuse to release them.”
The Xingyue host is originally a product of a foreign company, so some sensitive issues must be avoided, and it is best not to touch them. What's more, Lin Baicheng clearly remembers that the reason why Atari ended that year was because there was no review of all games. As a result, any game could be sold on Atari's console. Then some games had problems, which affected Atari. The successful host finally caused Atari to fail.
With this typical example, Lin Baicheng knew what to do without even thinking. What's more, the "power money system" of latecomer Nintendo is very easy to use. This is the system currently used by Xingyue Electronic Game Company.
Of course, this is the system, but because of Atari, the industry leader, the company does not have many requirements for third-party game development companies. The main requirement is in terms of game quality, and cassettes are also made by Produced by Xingyue Electronic Game Company, but the fee is not much, it is interesting, and it is a preparation for cutting leeks when it becomes bigger and stronger in the future.
There is no way, now there is Atari as a competitor, if Xingyue Electronic Game Company's requirements are too high, it will only push the game manufacturers to Atari, so Atari must be eliminated first, let Xingyue Only after the console becomes the industry leader can Nintendo's power payment system be truly implemented.
After hearing this, Phil Smith immediately said: "Alan, I understand what you mean. Don't worry. If the company wants to do something, it must make a good game."
"As long as you understand."
Lin Baicheng nodded slightly, so that he didn't need to explain too much.
Phil Smith said: "Alan, in the future I will focus more on Zhonghe Game Company. I also hope that you can also be a little more interested in the company and guide the company's game developers."
"I'll try to make as much time as possible."
Lin Baicheng thought for a while and said, without making any guarantee.
Although Phil Smith was a little disappointed when he saw this, he didn't say anything else. After all, Zhonghe Game Company can develop to its current market value of more than 200 million US dollars, thanks to the game "Western Cowboy" developed under the guidance of Lin Baicheng.
It can be said that without Lin Baicheng's guidance, Zhonghe Game Company would not have been able to develop to this level in a short period of time. Therefore, even if Lin Baicheng no longer contributes to the company in the future, he will not owe the company anything. Phil Smith has no reason to ask Lin Baicheng to do more.
"Smith."
Thinking that Goldman Sachs sent another person here today, Lin Baicheng couldn't help but ask: "Goldman Sachs sent another person here today, instead of Wade Thomas representing Goldman Sachs. Did something happen to him at Goldman Sachs?"
"It has something to do with Thomas's 5% stake. When the company was first established, its future was unclear. Goldman Sachs certainly wouldn't mind if Thomas invested 5% of the shares himself. But now the company's valuation exceeds US$200 million, and it will be more in the future. Gao, Goldman Sachs internally believed that those 5% shares should belong to Goldman Sachs, and it was Thomas who stole Goldman Sachs' interests."
Phil Smith talked about the matter, and then said: "I don't know the specific situation of Thomas now, but from the fact that his position has not changed, it can be seen that he should be fine for the time being. In the final analysis, it is better to invest in Zhonghe Game Company. Goldman Sachs made a fortune, and this is Thomas’s performance, which is an irrefutable fact.”
"Thomas, he's just fine."
Lin Baicheng couldn't help but nodded slightly after hearing this. His contact with Goldman Sachs was mainly through Wade Thomas. If Wade Thomas resigned from Goldman Sachs, it would have some impact on the relationship between Lin Baicheng and Goldman Sachs.
Goldman Sachs is not weak on Wall Street and has considerable power in the United States. Since Lin Baicheng wants to make money in the United States, he must cooperate with American capital. Goldman Sachs is one of his chosen targets. He does not want to cut off and then look for cooperation again. object.
Of course, Lin Baicheng also believed that Goldman Sachs did not want to lose him as a partner. Goldman Sachs had also made a lot of money from him in recent years, at least hundreds of millions of dollars.
Therefore, Goldman Sachs will also try its best to maintain the relationship with this big customer to avoid letting the money fly away.
"Alan, no matter what happens between Thomas and Goldman Sachs, it has nothing to do with us, as long as it doesn't affect the development of the company."
Phil Smith said flatly that his relationship with Wade Thomas was not actually that good. They only became 'friends' because of their interests. If Wade Thomas lost his connections at Goldman Sachs, he would be in trouble. If you don’t have certain assets, you are not in the same class as them.
Naturally, it is impossible for people who are not of the same class to become friends.
"You're right."
Lin Baicheng nodded in agreement. If Lin Baicheng had to choose between Wade Thomas and Goldman Sachs, he would definitely choose Goldman Sachs and become friends with Goldman Sachs.
In the final analysis, Lin Baicheng and Wade Thomas only have a cooperative relationship, and they only cooperate with Wade Thomas because Wade Thomas is an employee of Goldman Sachs. Naturally, what he values is Goldman Sachs as a friend, not Wade Thomas.
Lin Baicheng chatted with Phil Smith for a long time. He declined to dine with Phil Smith and Anna Nord and ran to Lin Qingxia to dine with Lin Meiren.
In the evening, Lin Baicheng went to find Demi Moore. He actually wanted to find Carrie Fisher, but Carrie Fisher was a second-tier actress after all, and she was quite busy. She didn't have time all the time. Lin Baicheng There was no way to be at her beck and call, so I had no choice but to go to Demi Moore.
Two days later, Lin Baicheng learned one thing from Goldman Sachs, that is, the subscription funds for Galaxy Games' IPO road show had been calculated, and the oversubscription was more than 40 million US dollars. If necessary, the issuance price could be increased. But it’s best not to raise it, and if you want to raise it, don’t raise the issuance price too much, otherwise investors who have already subscribed won’t agree.
The reason is simple. If it originally cost US$100,000 to subscribe for 10,000 shares, but after the price increase, it costs US$120,000 to subscribe for 10,000 shares. Investors have spent an extra US$20,000 in vain, and no one can easily accept it.
Lin Baicheng handed this matter to Charlie Yuan, who was the president of Galaxy Games. He asked Charlie Yuan to negotiate with Goldman Sachs and Citigroup to negotiate an increased price as soon as possible without delaying the company's listing time too much.
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