Li Yanhong, an American turtle, once worked for the American Search Engine Company, the largest search engine company at the time, and invented hyperlink analysis technology, a basic search engine patent technology, and applied for an American patent.
He has always wanted to run a Chinese search engine company instead of continuing to work for others. For this reason, he has returned to China every year for inspections in the past few years.
Until last year, he realized that the time was right. It can be seen from the listing of Xinlang and other companies on the NASDAQ in the United States that China's Internet development is about to explode, which is a good opportunity for him to start a business.
So he resolutely returned to China, and recruited his partner Xu Yong, and then recruited several graduate students from Beijing University, Tsinghua University, etc. What excited them most was that an associate professor from Beijing University also joined them and became The technical director of their company.
By the way, the company he founded is called Qiandu.
But their funds are too small. Apart from buying computers and renting hotels, Li Yanhong and Xu Yong don't have much money left. How about paying salaries and living expenses for their employees? The professor from Beijing University was even poorer. If he hadn't been unable to get funding, he might not have joined them.
So, at this time they planned to recruit a partner.
Originally, Xu Yong's preference was one of the three major portals: Xinlang, Wangyi, and Luohu. They had just gone public, had money, and were well matched with the company.
After their Qiandu company's search engine is launched, it can be used by websites to make profits.
But Li Yanhong expressed opposition, so that they would be easily merged by those websites. They have seen many such companies in Silicon Valley. They were merged as soon as they started to start. This was far from their dream of starting a business.
Besides, he also has this patent for hyperlink analysis technology. With this basic patent, he is qualified to negotiate with many big venture capital investors.
At this time, he noticed that Taihua Consulting Company was advertising overwhelmingly. It was said that the three major portal websites had venture capital from this company, and it had a very good reputation.
…
"Is this your plan? Your name is Li Yanhong?" Sun Lijie asked, looking at the plan.
"right."
"In your plan, you don't expect to make any money within three years. Did you make a mistake?" Sun Lijie asked curiously. When other companies seek venture capital, they want to tell him that if they get the venture capital, they will be able to make a profit the next day.
Why is this one different and not expected to be profitable within three years? And this Li Yanhong's name is very familiar to him. Isn't it the one that Mr. Feng told him to focus on
Li Yanhong answered cautiously: "I wrote it correctly. According to our plan, it is indeed difficult to make a profit in the first three years. We need to invest too much. Not only in R&D, but also in advertising. But after three years, I promise Just PPC search alone can make us recoup our costs, and there are some ads, etc., we can definitely make a profit."
"You said here that you need an investment of 100 million RMB, and you are only willing to give us 49% of the equity?" Sun Lijie sneered.
Your company, excluding your patented technology, is only worth two million now. Why is your patent valued so high
"Mr. Sun, this invention of mine is a basic invention of search engines. There is a company in the United States called Guge. I don't know if you have heard of it. It provides search engine services to Yahoo and other portals. Currently, I started to build an independent search engine website. Many investors are looking forward to the listing of this company, and claim that after the listing of this company, the stock price will definitely exceed 100 billion US dollars!"
"You mean, your Qiandu Company is comparable to Gu Ge?" Sun Lijie asked.
"Not yet, but I am confident that in the Chinese language alone, ancient songs are definitely no match for us. Because only Chinese people understand our Chinese language better!"
"How many people are there in your company now?"
"Ten, including me." Li Yanhong felt a little embarrassed.
"Counting you, there are only ten people. The scale is too small. I heard that Guge has the idea to enter the Chinese market. When the time comes, all websites will use Guge's search engine. How can you compete with others?"
"Because most of Guge's engineers are Americans, they are not familiar with Chinese grammar and habits, and there will definitely be many errors and omissions in it. And the engineers we hired are all from China, and they all speak Chinese, so they naturally have an advantage. The most important thing is Yes, we are a Chinese enterprise and should be protected, right?"
"I can decide on an investment of 100 million RMB, but your shares are too small. I am sure that no one will give you such an investment except our company. We want 70% of the equity, and we have The kind with voting rights, I think this is more reasonable, you can go back and discuss it with your partners."
"Mr. Sun, will you let the company you founded become someone else's?" Li Yanhong asked.
"It depends on what is going on. If the price offered by the other party is high enough, it is not impossible to sell it. I think you may have heard that the three major portals in China currently all have shares in our company. If you accept If you meet our conditions, then the search engine services of these three major portals can be handed over to your Qiandu company." Sun Lijie said easily.
Compared with this little face, the three companies will still give it, provided that the technology of this Qiandu company is good enough. But someone with a patent for the basic invention of a search engine should not be too bad at technology.
"Mr. Sun, your conditions are very tempting, but I can't agree. I won't let the company I founded with my hard work end up in the hands of others. How did I hear that the major shareholder of Wangyi Company is still Mr. Ding Lei?" What?" Li Yanhong refused.
"Don't worry. Maybe you don't know clearly. You can go to Xinlang, Naohu and other companies and ask if we are involved in their company's operations? We are even helping them all the time. Haven't you noticed, Xinlang? The major shareholder of other companies is our company, but the chairman is someone else."
"That won't work, unless it is specified in the contract that the vast majority of what you get are non-voting shares." Li Yanhong insisted.
"So what ratio do you think is appropriate?"
"Thirty percent is not low, and the remainder is non-voting shares." Li Yanhong said.
"Forty-nine percent, you still control the most voting stocks. And let me remind you, the longer the delay, the harder it will be for Qiandu to develop. Guge develops very quickly in the United States. By the way, I would like to remind you. Just tell me, Guge also has investment from our big bosses. If we set up a Chinese search engine company with Guge as the core, do you think your company can have any good development?"
Li Yanhong's eyes widened. What did he say? His big boss was also involved in Gu Ge's investment? Is Feng Yu still a shareholder of Guge
In this way, it seems that his patented technology is not too amazing, and others can do it even if they leave him alone.
Li Yanhong gritted his teeth: "Okay, 49% of the voting rights will be given to you, totaling 70% of the equity. When will the investment we want arrive?"
Sun Lijie said with a smile: "After you sign the contract, you can get the money on the same day!"
(End of chapter)