For a while.

In the conference room came the sound of flipping through the paper.

Read the document roughly.

Redwood capital just looked up.

I met the confident and sharp eyes of the soldiers. I said something bad in my heart. The young chairman of ERV was obviously ready to sell the shares of ERV for a good price.

And there was plenty of preparation. They were caught off guard by the document.

Don't give them a chance to question.

The soldier spoke first.

"Gentlemen, I think you can see that our ERV has a very strong profitability. There is no debt and no non-performing assets. That's why you sit here."

"You may think that there are some companies with inflated valuations that are not worth the price, but what I want to say is that the potential of ERV is far from being realized. What you see is only the present and the future of ERV."

"In fact, your ideas are the same. It's not in my interest to start early and get the maximum investment income. If it's not for our ERV strategy, we need your help.

Otherwise, if it's for money, I won't sell shares. Our ERV's financial report, getting any large bank, lending billions of dollars, I don't think there will be any difficulty.

At this point, I hope you will keep in mind in the next negotiation that I am not a VC negotiation, and we are not short of funds. What we are short of is a partner with vision, strength and sincerity. "

It's a long conversation.

The meaning of the expression is also very clear.

It's you who want to invest in me, not I beg you. When pressing the price, please pay attention to the wording.

Sure enough.

This is not according to common sense.

All of a sudden, people in various companies were disorganized. Yes, they wanted to make money, but others were short of money, and even expressed the meaning that ERV had a project to help.

"Excuse me, what do you mean by help?" Winters, IDG's manager, was the first to speak.

He is a partner.

I haven't heard about the big moves of ERV.

"I'm sorry, this is something that the members of the board of directors can only know. Now, let's negotiate on the issue of shares first, 20%. This is the most shares I can get.

Of course, if you double the premium on my $50 billion valuation, I can consider selling another 10 percent of the shares, otherwise, let alone. " The soldiers marked the way.

“。。。”

This attitude of the chairman.

I'm so arrogant.

Double the premium?

When we are silly, isn't it a change of direction to admit that you have made 100 billion dollars? At this price, their profit is not much, unless the market value of ERV exceeds 200 billion dollars.

Representatives of various companies looked at each other's $50 billion offer, which was far from their estimate. They had to inform the head office to decide whether to continue to participate.

But.

There are always companies that send people with more weight.

The representative of Microsoft said.

"Sir, 50 billion US dollars, I think it's far more than the actual value of ERV. After all, war is a game. How long can it last is still unknown. Other manufacturers are constantly launching such online games."

Soldiers smile, "I don't deny that, but why is the online number of" war fire "growing? I think your company should know that the core competitiveness of" war fire "is not just online games.

It's a continuous progress. On the market, almost all the Games imitating us are gradually ignored. With our technology, we can make "war" stay the first in similar games.

The most important thing is, how do you know that we only have "war fire", no other online games will appear? "

"Do you have a new game development plan?"

As soon as that is said.

Many people were shocked.

A "war" is hanging like this.

Another one, is that the source of confidence that game companies value at $20 billion?

"Of course, the never-ending progress is the spirit of" war fire ". I can tell you here that this is a game that will not be worse than" war fire "

From the "war" a listing.

The new game has already been planned.

Now they have all been produced. There is more than one game, but it's only temporarily hidden. People's energy is limited. Two games with the same fun will be distributed to users of their own games.

So Tang Qing didn't rush to push it out.

"Even if the game is no worse than" war ", the 20 billion dollar valuation is still a little high, because this does not mean that the profits of the game company will double, and the players will only play one game at a time."

Samsung's representatives immediately got the point.

"You're right, but did I say that the player orientation of the new game is the same as that of war? "War" is aimed at men who like adventure and blood, while the new game is aimed at women. " Said the soldier.

"Women don't play games much. How can they compare with" war fire "

"Don't look down on women's entertainment consumption ability, just like cosmetics and clothing jewelry. In this world, never look down on women, and never look down on women's consumption ability."

“。。。” The representatives of Samsung are speechless. I didn't say to look down on women.

But he still doesn't know how to make women's money from games.

"By what does the game attract women's consumption?"

Asked another.

Samsung's representative looked at it. Sony has more people than him.

"I'm sorry, trade secret, no comment."

“。。。”

I know.

Next.

Around the 20 billion dollar valuation of the game company, the two sides argued repeatedly. However, warrior Leng didn't let go of a dime, which was very annoying, but no one gave up.

This is valuation negotiation.

Only when we come up with a recognized price can we start trading. Of course, if any company agrees immediately, we can trade now, but no such silly company has jumped out.

See each other.

They gradually turned to live software, which is not technically complicated. Compared with the almost horrible update speed of war, the players always keep a high degree of freshness.

Live software has no technical difficulty from inside to outside.

This.

The soldiers admitted.

"You are right. There is no big threshold for this software. Any of your companies can take a little time to make it, compete with us, and take a considerable share with the user base.

But, this software you think only live? Of course not. Around the live broadcast, we can generate a new media, a new software ecosystem. Similarly, non board members cannot know the content of our new project. "

"To be honest, if we wait a year, even if we don't go public, the value of ERV will definitely exceed $100 billion. Unfortunately, it's only $50 billion now, and I've lost a lot." The soldier kept shaking his head.

This scene.

A lot of people got angry.

You lose a lot.

We're not going to lose $50 billion in valuation, can't you just let it go? How can we talk about this? The boss knows. We'll be surprised if we don't scold us to death.

For a long time.

Talk more.

They haven't met this kind of financing negotiation for a long time. It's not a epoch-making company or a company that has become a small unicorn. It doesn't have this treatment at all. And ERV has the strength of a small unicorn.

This is the most irritating.

ERV is growing too fast.

In a few moments, it has grown to such a level that it doesn't need the so-called start-up period at all, and it has never asked for investment, dawdling, growing larger and harder to shake.

"Sir, it's hard for us to go on with the negotiations like this." Redwood capital people frown.

"It doesn't matter. I have plenty of time. I can't talk today, tomorrow, tomorrow, next month or even next year. At that time, my valuation is also rising. In fact, I prefer that."

The soldier suddenly uttered a "shocking" remark.

“。。。”

It's shameless.

You like a string.

When it comes to negotiations, do you want to talk about next year? Is this putting pressure on them?

Yes, it must be.

If we talk about it for so long, the media's attention can make ERV's valuation rise a lot.

"Sir, we are all here with great sincerity and hope to cooperate with you. However, you are not allowed to do so, which is far beyond our valuation. We do not see your sincerity." People of Sequoia Capital press down the fire in their hearts.

"My sincerity is that I can bring benefits to you, but I will not send them to your door and let you pick them up. Now the market value of ERV is only 50 billion dollars. I think when it becomes 500 billion dollars, you will not question my words any more." The soldier gave them a confident glance.

"500 billion? Do you think it's possible? " Qualcomm's representative squints.

"Of course, I don't think it's a dream to double it. If you don't have confidence in this and ERV can't go to the present, I can only say that after this round of financing is completed, I will show you the real ERV."

"The real ERV?"

"What is that?"

“。。。”

"Well, I know you don't have the decision-making power. To tell you so much is to let you go back and have an account. At this time tomorrow, I hope you will bring me good news."

The soldier stood up.

"In addition, if you are interested, you can buy shares according to my valuation after this meeting. I don't want to receive a call to make a counter-offer, which wastes my time.

For the sake of fairness, the upper limit of a single company's purchase shall not exceed 5%, and the lower limit shall be 0.5%. It can accept cash or designated equity replacement, and it is not allowed to accept individual directors for the time being. "

"Goodbye."

Finish.

The soldier turned and left.

Not smart enough.

In the conference room, the representatives of various companies are a little hard to turn their heads. Is this the end? It's rude of the chairman to go back and explain how he can do the job.

But.

Personal charm is distinct.

Be vigorous.

A good talker is a good debater.

"What to do?"

"I'm leaving now?"

"Too much."

“。。。”

By this time, winters of IDG had packed his things and stood up.

Say it out loud.

"What should I do? I've been dealing with him for more than half a year. That's how he decides. No one can persuade him to change. He's very rigid, but he keeps his promise