Reinventing the Millennium

The evening banquet was very welcoming.

At the banquet, there were Moutai and famous dishes that Fang Zhuo was not used to, but he could only grit his teeth and endure it.

On the other hand, Fang Zhuo was more comfortable with the deputy general manager and the senior Shenxin executives he introduced. They all happily chatted about the prospects of the Internet, which was too harmonious for a time.

Wang Fengyi persuaded Fang Zhuo to drink a few glasses of wine and then tried to negotiate the price after seeing Fang Zhuo's face turn red. However, Fang Zhuo persisted and the deputy general manager gave up without much persistence.

In the final analysis, it was not his own money invested, but Team Leader Zheng's involvement in the process.

After the banquet, Fang Zhuo returned to the hotel a little drunk. This trip was in a hurry and things were not settled yet. He did not plan to go to Ruijin Hospital to see his sister.

However, when I look up at the bright moon, I really feel like I am thinking about my relatives and friends.

Fang Zhuo took out his mobile phone and wanted to send a message to Moments. He turned on the Nokia and threw it on the bed with a dumbfounded smile. Speaking of which, the Internet is obviously booming, and the mobile terminal seems to be able to see it. The development of the times is really fast.

I washed my face and calmed down.

Fang Zhuo took the phone, found Sequoia Zheng Lang's number and dialed it.

"Mr. Fang, are you calling so late? What's going on?" Zheng Lang was a little surprised.

"Mr. Zheng, I don't know whether to talk about something or not." Fang Zhuo spoke slowly and with a measured tone.

When Zheng Lang heard this, he immediately laughed and said, "You can definitely tell me, is it a matter of Medical Online? Or is there a gap in funds?"

"It's a matter of funds, but not a gap." Fang Zhuo said cautiously, "Mr. Zheng, I'm going to tell you today. You should be mentally prepared first, and then pretend you don't know."

Zheng Lang thought it was strange, but it took only two or three seconds to guess the influence of administrative power and agreed: "Okay, you say."

"Guahao.com is considering the first round of financing recently, releasing 20% ​​of its equity at a price of 20 million." Fang Zhuo said softly, "Half of it will be taken over by private equity with a state-backed background, and the other half will be sought in the market. mechanism."

Zheng Lang digested this unexpected news for a while.

Whether it's Fang Zhuo's tone or the word "state-owned", as well as the hasty notice, it can be said that the matter is unusual.

Zheng Lang couldn't care less about the amount for a while and said one thing: "We at Sequoia have the right to pursue investment first in the contract."

"Well, originally this matter was kept secret and was discussed after it was finalized." Fang Zhuo said in a friendly tone, "We will definitely give priority to Sequoia. After all, we have always been happy to cooperate."

Zheng Lang responded before he remembered the amount: "20 million for 20%? Your valuation is too high."

Fang Zhuo said decisively: "It can't be too high!"

Zheng Lang was silent for half a minute.

I don’t know what he was thinking during this half minute, but he agreed anyway: "I will study the follow-up investment. After the first round of financing, Guohao.com must start to verify your profit model."

Fang Zhuo refused to let go on this point: "It depends on the market situation. The more it is at this moment, the more important it is to not be hasty and chaotic."

Zheng Lang was a little unhappy.

But then I thought about it, yes.

Looking back now, the figure of 20% to 20 million sounds scary at first, but after removing half of the money taken away, 10 million is equivalent to US$1.2 million, which is an amount within the normal investment range of Sequoia.

But, this news... success is also administrative, failure is also administrative.

The registration network has benefited from this power in Anhui and Zhejiang provinces and has been able to grow rapidly. Today's sudden news can also see the administrative constraints. Will there be more additional situations in the future?

Zheng Lang's considerations were complicated, and he immediately felt that it was not necessary to follow him until the end.

However, the investment value of the first round is still relatively high.

"Mr. Fang, I know the news. If there are no other circumstances, there is no need to bring in a third company." Zheng Lang said directly, "It is enough to invest in the A round of financing from two companies."

He confirmed the intention directly.

Not mentioning the previous investment, as now there are state-backed funds entering the market, it is easy to know that Guahao.com will have a period of considerable development, and the decision to invest is not difficult to determine.

Even other people's state-owned funds have invested in it, so what do you have to worry about?

The first round is far from the time point when benefits are realized.

Zheng Lang didn't have much to worry about. He was thinking more about the future. He didn't even ask for the other party's name.

The call ends.

Fang Zhuo put Nokia next to his pillow with confidence. Sequoia could use Shen Xin's news to determine the basic intention. When they talk to Shen Xin again, they can use Sequoia's attitude to gain a little more confidence.

This wave is a win-win-win-win situation.

Have a good night's sleep.

The next day, Fang Zhuo once again sat alone in the conference room of Shenxin Science and Technology. This time, even Zheng Danrui was not present. The other party asked more questions about the market and data.

The day was still undecided. In the evening, Fang Zhuo declined the other party's dinner date again and couldn't help but go to the hospital to see his sister and chat with her about the life and death of the company.

On the morning of the third day, I met with Shen Xin again. The questions asked by the other party had begun to repeat, and some of the topics were even ridiculous. The deputy general manager talked about where to list the company - the Mainland, Hong Kong or New York.

Fang Zhuo felt that if things continued like this, he would have to go to Jiaotong University to see product manager Xu Keden and pay attention to the progress of the M1 project.

However, this afternoon, Shenxin Science and Technology finally gave its final intention, considering obtaining 10% of the shares in the first round of financing of Guahao.com at a price of 10 million, and in subsequent financing, it has the right to obtain at least the proportion of its current equity corresponding new shares.

In other words, if there is a second round of financing, Shenxin Science and Technology has the right to obtain a total of 20% of the shares through additional investment.

The general intention has been confirmed, and subsequent details involve legal contract provisions. The relevant provisions need to be confirmed one by one, but there are no major changes. Shenxin has confirmed the investment, which also means that it will help Guahao.com enter the Shencheng market.

That evening, Fang Zhuo called Zheng Lang again, and the latter agreed in principle to make additional investment.

From this point of view, if the first round of financing is successfully completed, the equity structure of Guahao.com will become:

Fang Zhuo holds 43.2% of the shares, Sequoia 26%, Shenxin Kechuang 10%, the option pool 6.4%, Yu Hong 5.76%, Su Wei 5.76%, and Zhou Xin 2.88%.

The founding team still has relative control and can determine the company's development strategy and lead the company's development direction.

In just three days, Guahao.com quietly determined the general intention of the company's first round of financing. Whether it is Shenxin Science and Technology or Sequoia Capital, they are full of confidence in the Internet's medical track and have also provided support for the other party. I am very encouraged to join.

Although Fang Zhuo was forced to start financing in advance, he seemed confident, at least, for the wider expansion of Guahao.com.

As for future profit verification... Medical Online, you should develop quickly!

Normally, a company can prepare for listing after the third round of financing. Now, Fang Zhuo feels that his hope for the second round lies with his opponents, and for the third round...

Why not, let’s ask Keden Xu about the prototype.