Xu Yiyang negotiated cooperation with Fang Junhui, exchanged contact information, and agreed to meet at the Hilton Hotel at eight o'clock tomorrow morning. Then he left the law firm and took a taxi to the Hilton.
At this stage, luxury hotels like the Hilton are still among the top luxury hotels in Guangcheng, so the hotel's occupancy does not seem to be tense and there are not many people.
Xu Yiyang booked an extra large luxury suite with an area of more than 100 square meters.
The price of 888 per night seems to him to be very cheap, but at the moment, it is equivalent to one or two months' wages of ordinary workers in the mainland.
After checking in, he went to the room and took a look around. The living room outside was quite large, and there was a set of sofas for six people, a coffee table, and a writing desk. It would definitely be enough for discussing business tomorrow.
After resting for a while in the bedroom inside, Xu Yiyang received a call from Mr. Ma.
After answering the phone, a voice with a southern accent came and asked politely: "Is this Mr. Xu?"
Xu Yiyang hummed and said with a smile: "Hello, Mr. Ma."
Ma Huateng asked hurriedly: "Has Mr. Xu arrived in Guangcheng?"
Xu Yiyang smiled and said: "Mr. Ma, I'm already here. I'm staying at the Hilton Hotel. Room number is 1808. You and your lawyer can just come directly tomorrow morning. My lawyer and I will be waiting for you here."
Ma Huateng smiled and said, "Okay, Mr. Xu, I won't delay your rest. We'll see you tomorrow morning."
"great, see you tomorrow."
…
At half past seven the next day, Fang Junhui had already arrived at the Hilton.
At 8:30, Ma Huateng also rushed from Shenzhen City to the Hilton Hotel in Guangcheng with a team member and two lawyers.
The group took the elevator to the door of room 1808 where Xu Yiyang was located.
Ma Huateng took a deep breath, adjusted his mentality, and then pressed the doorbell of the room.
After a while, the door was opened from the inside.
When Ma Huateng saw Xu Yiyang, his first thought was: Did I find the wrong room
He subconsciously looked at the house number, yes, 1808, but why was a young man opening the door? Judging from his age, he is only 20 years old at most, right
Ma Huateng was a little confused. He took out his mobile phone and said to Xu Yiyang: "I'm sorry, I may have found the wrong one..."
Xu Yiyang recognized him, smiled slightly, and said, "You must be Mr. Ma, right?"
Among China's Internet tycoons, Ma Huateng has always been the most low-key one. He rarely appears in public, let alone hangs out with celebrities in the entertainment industry. But even so, people across the country should know him.
At this time, Ma Huateng was wearing glasses, looking polite and ordinary, and looked like an ordinary white-collar worker.
But who would have thought that such an ordinary-looking young man would become one of China's top richest men in the future.
When Xu Yiyang asked if he was Mr. Ma, Ma Huateng subconsciously responded: "I am..."
Immediately, he looked at Xu Yiyang in great shock: "Are you Mr. Xu?"
Ma Huateng talked to Xu Yiyang on the phone and was somewhat familiar with his voice. Although he recognized Xu Yiyang's voice, he still couldn't believe that the young man in front of him was Mr. Xu who wanted to invest 4.8 million in him. .
He originally thought that his nobleman "Mr. Xu" must be at least a middle-aged man in his thirties with a successful career.
But I didn't expect that he turned out to be an immature young man.
Not only Ma Huateng was surprised, but even the three men who came with him were dumbfounded.
"Come on, let's talk in the house."
When Xu Yiyang knew that the other party had first met, he must have been surprised by his age.
However, he was very indifferent. Anyway, to be a shareholder of Tengxun, you must provide an identity document, and your age cannot be changed. So he smiled and said to several people: "Come, please come in."
Ma Huateng calmed down and wondered if this was a prank, but in the end he stepped into the room with the mentality of taking things as they come.
Xu Yiyang invited them to sit down on the sofa, and then called the hotel catering department to send several cups of coffee, fruit plates, and refreshments.
Then, he pointed to Fang Junhui beside him and said to Ma Huateng: "Mr. Ma, let me introduce to you. This is Lawyer Fang, whom I invited to review the contract."
Ma Huateng hurriedly shook hands with Fang Junhui, then pointed to the man next to him and said, "This is my partner, Zhang Zhidong."
Xu Yiyang had heard of Zhang Zhidong, who was a famous person in his previous life.
After shaking hands with Zhang Zhidong, Ma Huateng introduced two other people around him, both of whom were lawyers from a law firm in Shenzhen.
Ma Huateng couldn't help but ask Xu Yiyang: "Mr. Xu, I think you are very young. I wonder if it would be convenient for you to reveal your age?"
Xu Yiyang smiled slightly and said, "I am 18 years old this year."
Not only Ma Huateng, but also the five people in the room looked shocked.
18 years old
Just take out a few million to invest when you are 18 years old? Isn’t this too mysterious
Xu Yiyang saw the surprise of the five people and said with a faint smile: "I took an English training class in my hometown and made some money, so I am planning to invest. It can also be regarded as planning a relatively long-term financial plan for myself."
"I have been using OICQ for two months. I feel that this software is quite interesting and promising, so I have the idea of investing."
Hearing what Xu Yiyang said so calmly, the five people present, including Xu Yiyang's own lawyer Fang Junhui, were all astonished.
I originally thought that Xu Yiyang was a rich second generation, but unexpectedly, he turned out to be a self-made genius.
Ma Huateng thought to himself, when he was 18 years old, he took out four to five million to invest. He was 28 years old, and he had started a business project and had no profit model yet. This is really annoying and annoying. dead.
Sighing silently in his heart, Ma Huateng couldn't help but admire: "Mr. Xu is really a hero from a young age..."
Xu Yiyang smiled slightly and said, "Mr. Ma, let's not worry about my age. Let's talk about the details of the investment agreement."
"Okay." Ma Huateng nodded quickly, took out a draft document, handed it to Xu Yiyang, and said, "Mr. Xu, I need to confirm a few issues with you."
Xu Yiyang nodded and said, "Okay, Mr. Ma, please tell me."
Ma Huateng said: "The first is that for this investment, you invested RMB 4.8 million in Tengxun at a post-investment valuation of 12 million yuan, and you hold 40% of the shares in Tengxun after the investment."
"That's right."
Ma Huateng said: "As the transferor, I transfer 40% of Tengxun shares to you. As the transferee, you must first complete the capital injection into Tengxun Company within three days after the contract is signed, and then we will receive the payment." After that, the industrial and commercial office will immediately change you to the company's shareholder, which may take 5-10 working days. Do you see any problems with this process?"
Xu Yiyang nodded and said: "No problem, I will pay today after the contract is signed."
Ma Huateng said with some embarrassment: "The second issue is the use of funds. Theoretically speaking, we have to invest all 4.8 million in the subsequent operations of Tengxun, but I and my The core team, in order to maintain the operation of OICQ, owed some debts, so I hope to communicate with you and allow us to cash out 300,000 from the 4.8 million. Of course, if you don't agree, it's okay... "
After saying that, he looked at Xu Yiyang nervously, fearing that he would refuse.
After all, the investment is in the company, and the money is reserved for the company's operations.
At least in the initial stage of entrepreneurship, the founding team is not yet qualified to cash out.
However, at this stage, Tengxun’s core team is already heavily in debt.
In addition to the company, their personal financial pressure is also great.
Although financing solved the company's operational problems, their personal financial pressure was still not relieved.
Ma Huateng also knew that most investors would not allow the team to cash out in the first round of investment, but he still wanted to give it a try.
Otherwise, I don’t know how long it will take for me and my core team to recover in the future.
What he didn't expect was that Xu Yiyang did not hesitate at all, and nodded very readily and said: "No problem!"
Ma Huateng was overjoyed and said gratefully, "Thank you so much, Mr. Xu!"
Xu Yiyang nodded, smiled, and said, "Let's talk about it later."
"Okay!" Ma Huateng continued: "The third question is that after you invest, we hope that you can transfer half of the voting rights corresponding to the shares to me. Otherwise, if new shareholders are introduced in the future, I am worried. There will be major differences among the company's decision-makers, so I still hope to ensure that I have absolute voting rights as much as possible."
"No problem!" Xu Yiyang said without hesitation: "Although I invested in projects, I actually invested in people. I believe in your ability, Mr. Ma, and I also believe that Tengxun will make great progress under your leadership." develop."
Although Xu Yiyang knows the development trajectory of the Internet industry, he does not understand the specific operations of Internet companies.
So when he invested in Tengxun, he just wanted to make money by taking a ride and did not want to interfere with Tengxun's normal operations.
He is still a very conscious person. If he earns money by riding, he will honestly ride and earn money. Unless he has to, he will try not to point fingers at the driver.
Tengxun had achieved brilliant achievements under the leadership of Ma Huateng in his previous life, so why did he bother to interfere with him
When Ma Huateng heard that Xu Yiyang was so happy, he gave all the voting rights to himself. Not only was he relieved, but he also felt even more grateful.
Ma Huateng said with a pious look: "Thank you very much, Mr. Xu, for your trust!"
Then, he asked the fourth question and said: "Mr. Xu, there is one last question. For the 4.8 million you invested, we do not want any performance betting or repurchase requirements, because the Internet industry After all, it has just sprouted and there are many unknowns... "
Many investors require performance betting when investing.
For example, Tencent has 1 million users this year. The investors decided to invest 4.8 million to initially hold 40% of the shares. Then the two parties conducted a round of performance bets. The requirement for the bet was that Tencent should reach 10 million users within one year.
If Tencent does this, the bet is successful and investors are willing to reduce their shares to 20%;
If Tengxun cannot do this, the bet will fail and an additional 20% of the shares will be given to investors, so that investors will account for 60%.
Many entrepreneurial teams lose control of their companies all of a sudden because they lost a bet.
As for repurchase, it is even more demanding.
When investors believe that the company has no prospects or want to exit, they have the right to require the team to repurchase the shares they invested to ensure that their interests are not lost.
Moreover, repurchases generally come with an annual interest rate, which is no different from a bank loan.
When national husband Wang Sicong started Panda, the investment he received had clear buy-back terms. If the project failed, investors could ask Wang Sicong to buy back the shares. The buy-back price was the investment amount plus a 12% annualized rate of return.
In other words, capital invested 100 million in Panda, holding 10% of the shares. One year later, Panda collapsed. Wang Sicong had to fulfill his repurchase obligation and use 112 million with principal and interest to repurchase the 10% of the shares.
For him, who has a strong family background, this may not be a big problem, but for an entrepreneurial team, it is tantamount to draining the bottom of the cauldron, or even a bolt from the blue.
Many entrepreneurs signed repurchase agreements with capital because of blind confidence. In the end, the company went bankrupt and was unable to fulfill its repurchase obligations, so they had no choice but to go to jail.
In fact, this is the true face of a capitalist, with money in one hand and a knife in the other.
Xu Yiyang naturally knew what Mr. Ma was worried about, and he said very readily: "Don't worry, Mr. Ma, when I invest in you, I neither ask for a bet nor a buyback. Since I invest in you, I will naturally trust you 100%. In the future, we will We are a family that loves each other and we should advance and retreat together, even if we lose all our money, it doesn’t matter!”
Second update, keep asking for votes! I'm counting on you!
(End of chapter)