Rebirth Of The Entrepreneurship Era

Chapter 207: how so? !

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The night in the countryside is full of pleasant natural noises, including the chirping of insects, the chirping of frogs, and the occasional barking of dogs, creating a rare and pleasant experience.

When the bonfire gradually extinguished and only a pile of red ashes remained, some students saw the beautiful scenery of the starry sky and wanted to go out for a walk.

Xu Yiyang told everyone to form a team with more than one person, and never go to the river to wade, nor go far alone.

Shen Lele also found Xu Yiyang and said, "Why don't we go for a walk? The cool breeze feels very comfortable."

Xu Yiyang nodded. He originally wanted to ask Gu Sijia out because he knew that Gu Sijia liked walking at night when her head was full of stars.

Later, after they settled in Yanjing with themselves, it was almost difficult for them to see the starry sky at night.

There is a folk singer in Yanjing. There is a lyric in his song that reads: "Yesterday I counted the twenty-fifth star in Yanjing."

Gu Sijia always joked that this singer was not real enough, and the days when Yanjing could count twenty-five stars were too few.

Xu Yiyang also said with a smile that this guy might have been counting near the Capital Airport, counting the lights on the night flights as stars.

Although he really wanted to go out for a walk with Gu Sijia, given that the two were just classmates now, and he was still the boy that her best friend liked, and her rascally best friend was still following her, Xu Yiyang could only think Think about it.

Shen Lele didn't know that Xu Yiyang, who was walking beside her, was thinking about another girl. She just felt that this feeling was so beautiful, so beautiful that it made time stop.

That night, more than thirty classmates slept in the Datongpu of the farmhouse in three large bedrooms. The boys slept in one room and the girls slept in two rooms. Everyone slept particularly soundly.

The next day, everyone woke up naturally at around six o'clock. The morning was a little cool, the air was a little moist, and it was particularly fresh.

After breakfast, everyone went around to pick up stories and play around. After lunch, everyone set off back.

On the way back, everyone was still unsatisfied. A girl said: "Monitor, you have contributed money and effort to this trip and arranged it so well for everyone. Thank you so much!"

Everyone thanked them one after another. Xu Yiyang smiled slightly and said, "Don't be so polite, it's all as it should be."

Although Gu Sijia said nothing, she felt in her heart that in her entire life, she had never met a boy who was so much better than her peers. It was no wonder that Tong Yuewei fell in love with him.

Back at school, Chen Meng and Shen Lele planned to go back to their dormitories to rest, while Xu Yiyang went to Zhonghai Yujing's home alone.

He checked his mailbox and found that many investors, including Lin Xiaru, were still contacting him. Lin Xiaru even couldn't wait to meet him in Hong Kong to discuss investment.

Xu Yiyang estimated that Boss Ma's side should also be in a difficult stage now.

If he continues to fail to get investment, it is estimated that his team will have difficulty sustaining it until the end of the year.

Even if it lasts until the end of the year, it will be difficult for the business to make any breakthrough.

I should be able to contact him soon.

At this time, Alibaba’s Cai Chongxin was still planning the financial process after the $5 million was received, as well as the employee stock ownership plan.

And Boss Ma has already planned what exactly the money will be used for.

Even though today is Sunday, the two of them and Ali's core team are still working in full swing.

Boss Ma has been a little anxious recently because since Lin Xiaru left Hangzhou, he has not given Ali a clear reply on whether he has decided to invest.

He was confident at first, but the longer he waited, the more he felt something was wrong.

Under normal circumstances, there would be no chance that there would be no movement from Lin Xiaru's side for so long.

After all, her status in Goldman Sachs China is quite high. She can decide on investment projects under five million US dollars by herself, so there is no reason to keep delaying it like this.

So he urged Cai Chongxin to confirm with Lin Xiaru quickly. If he continued to spend like this, it would have a great impact on Alibaba's project.

Cai Chongxin also felt that the situation was a bit abnormal, so he took the initiative to call Lin Xiaru and asked her about the current progress of the matter.

Lin Xiaru originally wanted to delay it for a few more days, until after meeting Jeremy Xu.

However, Cai Chongxin called and made her realize that she might not be able to drag it out any longer.

So, she told Cai Chongxin that Goldman Sachs would conduct a final internal review of the project on Monday, and the final results would be released on Monday.

Cai Chongxin relayed the news to Boss Ma, who said to him: "I don't know what's going on, but I always feel that something is wrong about this matter."

Tsai Chongxin asked him: "You mean, Goldman Sachs might reject us?"

Boss Ma nodded and said: "It is impossible for an investment bank as professional as Goldman Sachs not to know the importance of timing. Now is the best time to race against time. Instead, they have delayed the pace so slowly, which is obviously a bit unreasonable."

Cai Chongxin said: "Several other investment banks are also the same, with a vague attitude. We feel that financing is more difficult than we imagined."

Boss Ma said: "Let's look at tomorrow. If Goldman Sachs doesn't succeed, then we have to find other ways as soon as possible. The capital chain is already very tight. If we don't bring capital in quickly, I'm afraid we won't be able to survive for long."

Cai Chongxin nodded seriously.

He also knew very well that Boss Ma actually didn't have much savings, and he had already spent almost everything he could.

There are more than a dozen people who need to be fed all the time, and they have to maintain the website. The cost is very high. If they still can't get the money, there will be no firewood to keep the fire in the stove.

Thinking of this, he placed most of his hopes on Lin Xiaru.

I hope Lin Xiaru can live up to her expectations.

The next day, Monday.

Lin Xiaru did not hold any review meeting for Alibaba’s project.

Deep in her own heart, she had already made the decision to reject Ali.

However, on the one hand, because of the face of my friend, on the other hand, I feel that hanging on to him is more beneficial to me than rejecting him, so I keep using the dragging technique.

But now, she couldn't hold it off any longer.

So, at noon, without waiting for Cai Chongxin to find her, she took the initiative to call him.

Cai Chongxin was having lunch at his work station when he suddenly received a call from Lin Xiaru. He thought there was good news about the matter, so he answered the phone with a smile.

"Mr. Lin, is there any good news?"

Lin Xiaru has been an executive at Goldman Sachs for many years. She has long been used to rejection and is used to changing her attitude at the critical moment in the last step. This has become her professional quality and one of the key reasons why she is where she is today.

She said to Cai Chongxin very calmly: "Chongxin, I am very sorry to inform you that regarding the investment in the Ali project, our internal investment committee has made a new decision and has temporarily given up investing in this project. Please contact Mr. Ma Forgive me."

Cai Chongxin felt as if he had been struck by lightning.

"Mr. Lin, this... what's going on? Aren't we having a good chat all the time? Why do you just give up when you say you give up?"

Cai Chongxin's words shocked everyone in the office. Boss Ma stood up and stared at him intently.

Lin Xiaru said seriously: "Chongxin, you have also worked in investment banking for many years. You know the situation of investment banking very well. 80% of projects cannot get investment, and many of them are lost at the last moment of investment. No, when you were an investment manager in an investment bank, you must have had many emergency braking situations. This is completely a normal work process, so please understand."

Cai Chongxin knew that Lin Xiaru was right.

That's what investing is.

Even if the intention is there, the framework agreement is signed, and the background check is completed, the investment may fall through.

Whether the investment is successful depends only on whether the money is credited into the account.

It is also very common to give up investment the second before making money.

I really couldn't blame Lin Xiaru.

However, for this project now, everyone is waiting for the five million US dollars to be received, and then let go and go all out. Now they suddenly say no to investing, where should this project go next...

Everyone in the office held their breath and looked at Cai Chongxin.

Cai Chongxin felt that his back was soaked with sweat.

He couldn't help but ask: "Mr. Lin, I wonder if you can reveal the specific reasons? Why did you give up investing in Alibaba?"

Lin Xiaru said: "I can only tell you that the rating of the Alibaba project in our investment committee has dropped from B to D. For more details, please forgive me for not being able to disclose more due to professional requirements and professional ethics."

As an investor, the most important professional ethics is not to leak the business plan submitted to you by others.

This is related to the most important credibility of an investment institution.

Entrepreneurs who send business plans and hope to seek investment will write down their confidential business directions and plans in the plans. If they are leaked by investment institutions, the impact on their credibility will be disastrous.

Regardless of whether an investment institution decides to invest or not, it must not reveal other people's business secrets.

Cai Chongxin felt a little desperate deep in his heart.

This time Goldman Sachs invested in Alibaba, not just Goldman Sachs alone, but Goldman Sachs took the lead and invested together with multiple investment institutions.

Investment requires communication with multiple companies, multiple interviews, and even multiple on-site inspections, so it is impossible to hide it in the investment circle.

What's more, Goldman Sachs is one of the top investment institutions in the industry, and everyone is paying attention.

Goldman Sachs itself will also release financial reports to report to shareholders which companies they invested in during the last time period.

Therefore, if Goldman Sachs gives up investing in Alibaba, this matter will definitely be known to everyone in the investment circle.

In this way, if an institution as powerful as Goldman Sachs gives up investing in Alibaba, other capital will also lower its rating on Alibaba.

In other words, if Alibaba wants to raise funds in the future, it will be much more difficult.

After hanging up the phone, Cai Chongxin had a look of despair on his face.

Boss Ma hurriedly asked: "What's wrong? Is Goldman Sachs going to give up investing?"

"Yes." Cai Chongxin sighed and said, "Their internal rating of us has been lowered from B to D. Generally, when it drops to C, we have given up. If it drops to D, there is no possibility of investing."

Boss Ma was also panicked and asked in confusion: "How could this happen?! Is there something wrong with our business plan, or do they have any prejudice against us? Or what changes have occurred in the industry?"

(End of chapter)