Chapter 842 (1/2)

Although Ding Zhenglin came from Sequoia, his point of view is very objective.

For the Internet industry, Sequoia is really awesome.

What's more, among the investment enterprises, the number of successful listed enterprises has exceeded 200, which is a great challenge in the field of venture capital.

If a venture capital company invests in an enterprise successfully, it can be said that the vision of the venture capital company is very accurate or its strength is relatively strong. But if it invests in hundreds of enterprises, most of them are successful, it must be because of its own strength.

First of all, if the strength is a little weaker, how to invest in hundreds of enterprises around the world?

Secondly, half of the hundreds of enterprises can be listed successfully, but don't think that the other half of the investment will fail. On the contrary, most of the other half of the investment has made money and left.

Sequoia is not only good at playing long-term business in the field of capital, but also good at doing short-term business in the field of capital. For example, it invests 10 million yuan in round a of a company, accounting for 20% of the shares, with a valuation of 50 million yuan. By the time of round B or round C financing, Sequoia has achieved a valuation of 500 million yuan for the company. Although its shares have been diluted in one or two rounds, it can retain at least a dozen shares At this time, if Sequoia is not optimistic about the company's prospects and wants to get off the bus, it can directly withdraw tens of millions of dollars by virtue of their priority cash arbitrage rights in the round a financing contract. Maybe the company died before the next round of financing, and all the wind investment funds that failed to get out in time have been washed away, but Sequoia has adopted its own short-term operation and timely arbitrage Now, I have made tens of millions of profits in this company.

So if we measure the success of a project by making money, then the success rate of Sequoia will be even higher. Half of the enterprises he invests in can be listed, and the other half also make money. The overall success rate is very high.

This high success rate is not supported by luck and vision, but by strength.

As an employee who has been surfing the Internet for many years, Li Mu has heard a lot about Sequoia's fame for so many years, and even has some personal experience.

In his last life, a company he once worked in was invested in rounds a and B by Sequoia. Finally, Sequoia came out and packaged the company and sold it to a state-owned enterprise group at a high price. After Sequoia successfully cashed out, he patted his bottom and left. Li Mu's boss cashed out, leaving his old employees. Li Mu didn't want to resign, but he didn't expect to After being accepted and edited by the central enterprises, the central enterprises sent a boss who did not understand the Internet at all to come to the town, and every day he whimsically put forward all kinds of brain damage ideas. Li Mu was forced to resign from his job by constant changes, and didn't even get a cent of compensation when he left.

To some extent, Li Mu is a person who has been hit by Sequoia indirectly. But the more so, the more he knows about the cow power of the enterprise, the more he can definitely spend his capital, so Li Mu also tends to take Sequoia's money.

However, the tendency is only a psychological intention. Although Sequoia is a bull, Li Mu still needs to integrate the strength of several venture capital institutions, offer to Muye technology and specific contract terms.

In Li Mu's view, for any capital including Sequoia, investment in Muye technology must meet several preconditions: first, it is not allowed to interfere with the business operation in any form; second, it is not allowed to invest in the direct competitors of Muye technology in any form; third, it is not allowed to cash out before the successful listing.

So, Li Mu said to Ding Zhenglin, ”you can choose to invite Sequoia to talk about it. At the same time, you can invite several other overseas venture capital institutions to say hello to them. Anyone who recognizes that the market value of Muye technology is more than 10 billion yuan can sit down and talk about it. If you don't, you won't even see it.”

In Li Mu's view, Muye technology is holding such a powerful resource at present, and its basic dish is simply amazing. Moreover, in the Chinese Internet industry, its advantages are even more obvious. If such a good dish is not recognized even by the 10 billion valuation, then such capital really has no need to meet.

Ding Zhenglin nodded and said with a smile, ”I'm most familiar with capital relations. I know well-known venture capital institutions. I can find the key person in charge directly. I'll follow up on this matter and report to you as soon as I have the result.”

“OK。” Li Mu nodded slightly: ”you are responsible for disseminating information to the capital industry. If you meet the requirements, please make an appointment with me for an interview.”

When Kong Lingyu saw that Li Mu was ready to meet with the capital, he couldn't help but ask, ”boss, if our valuation is 10 billion level, what is our financing scale?”

”My plan is to sell 10% of the existing shareholders on a pro rata basis, so the financing scale must be more than one billion yuan,” Li said

Kong Lingyu subconsciously asked, ”what do we need so much money to do?”

As soon as this words came out, other people also looked at Li Mu.