One day later, Blackstone Fund held a press conference and announced that it would invest US$7.5 million in Genesis Network, currently the most popular emerging Internet company in the United States, and Genesis Network would provide Blackstone Fund with a corresponding 10% equity.
Once this news broke, it immediately shocked the entire Silicon Valley and Wall Street. Although the rise of Genesis Network was unprecedented, almost all mainstream venture capital institutions remained on the sidelines because of the market prospects of data processing software. And just at the cusp of the storm, Blackstone Fund suddenly struck out with a heavy blow, which caught everyone off guard. The key is that the punch was indeed very heavy, purchasing 10% of the shares of Genesis Network at a high price of US$7.5 million. This is the same as the $15 million Eric proposed to Edward.
The 20% shareholding ratio is consistent.
This means that the valuation of Chuangshi Network instantly exceeded US$75 million.
At this press conference, Michael also explained in detail why he invested in Chuangshi Network according to the statement agreed with Mu Chenhao.
"I think our cooperation with Genesis Network will be a win-win cooperation. As one of the largest investment institutions in the United States, Blackstone Fund currently urgently needs to solve the problems of user stickiness and data processing efficiency." "As we all know, almost every five people in the United States Individuals will use the services of Blackstone Fund, and the amount of data processed every day is huge. Chuangshi Network can help us relieve the pressure of data processing and improve our processing efficiency, and we have also done a good job in connecting Blackstone Fund and Chuangshi. world network
Preparation for account association services. "Hearing this explanation, Edward slapped his thigh hard. He knew that his old rival Blackstone Fund really needed the software provided by Genesis Network to improve its user stickiness. Most of Blackstone Fund's income comes from advertising. The number of effective users is crucial
.
But even so, this valuation is really crazy, and Edward stubbornly believes that Michael is unwise. He completely forgot that his initial psychological bottom line was actually the same as Michael's. However, the madness did not end. To Mu Chenhao's surprise, just one day after Mu Chenhao announced the initial success of the current financing, and the second day after Blackstone Fund announced its investment in Genesis Network, seven Wall Street investment institutions simultaneously Announced investment in newly established high-tech company
Tuopu Technology’s total investment exceeds US$100 million.
This investment will be used by Top Technology to build robot management and maintenance centers across the United States. As a high-tech company, Top Technology's main project is high-performance robots. It has already received an estimate of more than 500 million before it is put into production. value.
Suddenly, the entire venture capital circle was abuzz, and almost everyone believed that the spring of Internet investment and high-tech had arrived.
Under such circumstances, how could Michael, as one of the best businessmen in Silicon Valley, not add some fire? He immediately announced that the Blackstone Foundation would immediately launch its own intelligent investment robot project, and jointly announced with Visa the launch of the Blackstone Fund's high-tech credit card that had been prepared for a long time. This credit card will be more convenient for robot payments. The accounts of Chuangshi Network and Blackstone Fund are connected.
, will be completed within 1 month.
Suddenly, the entire Silicon Valley began to be turbulent. Countless investment institutions were looking for investment opportunities with their eyes wide open, thinking that the great era had arrived.
As for Chuangshi Network, as the most popular entrepreneurial project recently, and focusing on data processing software, it will have great achievements in the later era of high-tech robots, so it will soon become a piece of fat in the eyes of investment institutions again.
In just two days, IDG, Blackstone and other venture capital institutions have extended olive branches to Genesis Network. This situation was something Mu Chenhao had not expected, so he was a little stunned. In fact, Mu Chenhao originally just wanted to play a double act with Michael. Michael's actual purchase price was only US$2.5 million, and Michael would first transfer US$7.5 million to Chuangshi Network's account. After completing the investment, Mu Chenhao Then use cooperation to return US$5 million to Blackstone Fund, or
The investor paid Michael US$7.5 million in batches to buy back 10% of the shares.
In fact, the original purpose was to attract Sequoia Capital. Of course, this kind of behind-the-scenes thing can only be done secretly, but it is difficult to say it outright.
Seeing this situation, Edward really started to get a little anxious, but he couldn't swallow it, so he contacted Eric and Goldi Parker privately.
Although Eric was a little moved, Goldi Park had a very firm opinion and asked Edward and Mu Chenhao to talk, saying that the three of them had given full authority to Mu Chenhao to handle the financing. When Eric saw this, considering that he only had 20% of the shares, he had no choice but to give up.
Edward sighed and had no choice but to bite the bullet and contact Mu Chenhao again. Cursing secretly in his heart, he finally began to understand why Mu Chenhao dared to treat him like this.
But Edward also had some admiration in his heart, and even secretly guessed whether Mu Chenhao had inside information on Wall Street, otherwise how could it be such a coincidence that after Hao rejected the investment from Sequoia Capital without hesitation, the super company Tuopu Technology appeared. bomb.
After the phone rang twice, Mu Chenhao's magnetic voice came from the phone. Edward pretended to be enthusiastic and said, "Mr. Mu, thank God, you finally answered the phone."
Mu Chenhao was in a very good mood today. He was lying on Xia Qingkong's lap and eating cherries. He replied lazily, "It's Mr. Edward. What's the matter?"
In Edward's heart at this time, ten thousand grass-mud horses roared past. Ever since he started working at Sequoia Capital, only Michael, the idiot, would be so rude to him, and now there is another Chinese young man who doesn't know the heights of the world. Edward shook his head, then smiled heartily, "Mr. Mu, before we finished talking last time, Sequoia Capital decided to invest in Genesis Network. The original committee approved US$7 million for 20% of the shares. But I found that we still have underestimated the potential of the Genesis Network, so I especially expressed my gratitude to the Committee
The committee submitted an application to adjust the investment amount to US$10 million for 20% of the shares! "
Mu Chenhao sneered, and then said, "Mr. Edward, I suggest you fire your assistant as soon as possible. She actually didn't tell you that we just received a US$7.5 million investment from Blackstone Fund, and she didn't even say that we only invest in Blackstone Fund gave up 10% of its shares." Edward laughed sarcastically, and then said, "Mr. Mu, I know this, but you have to understand that Sequoia Capital is different if Genesis Network accepts our investment. , we will help Chuangshi Network grow in all aspects. Sequoia Capital has strong relationships in the high-tech field and can bring you more added value.”