Chapter 108 (2/2)
The head of the investment department said: ”Mr. Chen, do you want us to contact the easy to hear network first? If they don't offer high prices, it's not bad to pack them. In this way, we can directly integrate their two products into our own products, one is Baidu MP3, the other is Baidu Post.”
The vice president nodded, ”that's what I'm talking about today. Let's get in touch with each other first to see what the other's psychological expectations are.”
Said, the vice president asked the head of the investment department, ”how much do you think it's appropriate to pack them now?”
The head of the investment department thought: ”if there is no tieba, it's just easy to listen to the Internet. I think it's about eight to ten million. After all, this business is still a blank in law. In the future, the law will gradually improve, and this business will inevitably suffer risks. However, there is no legal risk in tieba, and there is too much room for development. I think it's normal As for the valuation, the single post bar is no less than 20 million yuan. If the two are combined, the valuation will be higher. However, let's see that if we really offer him, the price will be greatly discounted. After all, they have just been established for more than one month, and I believe their own expectations will not be too high. ”
The vice president asked for a moment, ”let's get in touch first and see what's going on.”
……
At noon, Li Mu received an email in the e-mail of the company. A person who called himself Jack Zhou and served as the director of Baidu's investment department said in the email: Baidu is more optimistic about the development of e-listening and post bar, and has the intention of packaging and purchasing. He hopes to have an interview with Li Mu.
Li Mu simply replied: for the time being, he will not accept the package purchase, but only accept the financing. In the round a financing, he will sell up to 10% of the shares. The valuation will be determined by you. Let me know by email, and I will think about it again.
Li Mu is very clear in his mind that if the MP3 business is taken out alone, the profitability will not be very outstanding, but for Baidu, the overall improvement brought to them by this business can not be measured by millions or tens of millions of cash, which is the cultivation and deposition of a large number of users and plays a great role in the valuation.
As for tieba, the future profitability of this thing is still very fierce. It's not a big loss to pack and sell it now?
Therefore, he only accepts financing, and will not dilute too many shares in round A. otherwise, after several rounds of financing, he may be united by capital, take control and get out.
Moreover, the earlier the dilution of shares, the greater the intangible loss to be borne in the future, which children all know.
As for what kind of valuation Baidu is willing to give itself, Li Mu is not in a hurry. Let them think about it slowly. In a word, if the valuation is less than 30 million yuan, don't talk about it. Moreover, if there will be more development in the future, the e-listening network and the post bar, they will raise the price code in time.
Li Mu's reply made Jack feel guilty for a while across the computer. This guy replied so decisively that he refused to pack directly. That's all. Round a is only willing to sell 10% of the shares. This seems to be an old hand in the field of Internet entrepreneurship!
Jack Zhou, who has invested for many years, knows too much about the vision of many Internet entrepreneurs. Most of them are forced to support a start. When they see the capital coming, they immediately let it be slaughtered. There are also many people who are willing to sell more than 51% of the shares in round A. These people often see hundreds of thousands or even millions of interests, and then ignore the future completely. They just want to immediately Arbitrage, after the result of arbitrage, I found that what I lost was 10 times or even 100 times what I got.
Jack Zhou thinks that the other party's round a is only willing to sell 10%. Even if Baidu accepts and invests, it will not play a great role for a while!The more worried Jack Zhou is, the more he feels that the other person is a character.
……
Li Mu and Zhao Kang booked tickets at 8:00 p.m. and 7:00 p.m. on the second, Li Mu left the house with a backpack computer bag and his parents' company. Although his mother always said that she wanted to accompany him to report to school, Li Mu refused, and he didn't want his mother to accompany him to Yanjing for another round.
Out of the house, I met Zhao Kang's family waiting here at the intersection of the community. Zhao Kang's parents also wanted to see him off in Yanjing, but when I heard that he had an appointment with Li Mu, they didn't insist any more.
Li's mother saw that Zhao Kang had only one backpack on her back. She couldn't help saying to Zhao Kang's mother, ”you say that these two children are playing in college. They don't take anything except the computer and a suit of clothes changing and washing.”
Li Mu said with a smile, ”in fact, there is nothing to bring. The school provides bedding and other daily necessities to the local place, which saves us a lot of effort to bring them.”
Zhao Kang's father smiled and said to Li Mu, ”Xiao Mu, when your brothers arrive in Yanjing, what can we do for each other?”
Li Mu nodded, ”don't worry, uncle Zhao.”
Li Pa said with a smile, ”Lao Zhao, Yanjing is too far away. We can't control it. We can't control them any more. Let the children go ahead.”