I was reborn and stayed in school to lie down. I really don’t want to roll anymore!
Chapter 364 Scene Reappearance
After talking for a while, Jiang Hao turned to the three people around him.
After all, when they got inside, he was the one who chatted with Mr. Cai.
The other three seemed to have disappeared, and Jiang Hao wanted to hear their opinions.
"Brother Jiang, don't look at me."
"I usually only play World of Warcraft with Lao Yang. I have never played any mobile games."
When Lu Weiming saw Jiang Hao glancing at him, he immediately raised his hands and shook his head to refuse.
His purpose of coming here is very clear, which is to come and invest.
He didn't care about anything else. There was one thing he was quite satisfied with about this investment, which was that he didn't have to take care of this company.
Unlike other projects, such as payment companies, it is actually a form of restarting a business by a few people.
Even the "Dibao Sweeping Robot" guys have to help promote the product and consume the inventory.
This gaming company is more straightforward, with a pure venture capital model.
He continued to look at Yang Tianhao and Ren Yixin, and they nodded as if they were determined to follow him.
"How about everyone take a tour of our company first?"
At Mr. Cai's suggestion, several people followed suit to visit.
It’s just that the entire company’s space can be seen at a glance, with just two rooms.
There is a hall and a conference room, and Mr. Cai himself doesn’t even have a separate office.
As for the company's staff, there are only seven people, two of whom are Mr. Cai’s classmates at Jiaotong University and they started the business together.
The staff is really streamlined, even fewer than when Jiang Hao first started the Totoro live broadcast.
At least he assigned Chen Peng a team of nearly ten people to divide the work and cooperate with him, and also assigned financial and human resources personnel.
It was not until the website was launched that we continued to expand our staff and set up a series of departments including operations, marketing, and legal affairs.
MiHoYo was founded in 11, about the same time as My Neighbor Totoro. During these three years, it seems that all the work was done by this technical team.
Jiang Hao could imagine that every employee here definitely had multiple duties.
In addition to the public office area, the company also has a cabinet by the window.
It is filled with figures from various games and anime. Perhaps the most valuable thing in the entire office is this entire cabinet of figures.
"Boss Cai, doesn't your company have a dedicated server for games?"
Although the company has a small staff and a simple office environment, as a game company, it cannot have too few servers. Unfortunately, Jiang Hao did not see any in Mr. Cai's company.
When he founded My Neighbor Totoro, he at least got the second-hand server from Yipiaopiao Company.
He is very attached to this server, as it was a spare hard drive that he and Teacher Xu bought from the school at the price of scrap metal, as well as a machine assembled from various other parts.
In fact, the performance is surprisingly good. Of course, given the current size of the chinchilla, it is no longer necessary to use it.
Chen Peng has even been considering building servers in other cities to provide a better viewing experience.
Jiang Hao hasn't thrown away this obsolete server and it still remains in the company.
"Oh, our company's servers use Alibaba Cloud servers."
"To be honest with you, Mr. Jiang, it's too expensive to build a server ourselves. I think we should save the money for game production."
Anyway, the company's situation was very clear during the WeChat discussion, but Mr. Cai was very secretive about this aspect.
The tour of the entire company lasted less than ten minutes, and Jiang Hao was able to exchange a few words with several other members of the founding team.
The other three could only say hello, but spent more time looking at the figures, and were more interested in these things than the company itself.
"Mr. Cai, let's talk about the specific financing matters."
"As far as I know, the company has an angel round, right? Do the angels have any problem with our financing?"
"No problem. Mr. Song is busy with his own company's business and has no time to come. He will support me unconditionally regarding the company's affairs."
Seeing Mr. Cai say this, Jiang Hao didn't ask any more questions.
As the first person to invest in a team, the angel investor is absolutely optimistic and trusting of the team.
To put it bluntly, the company is definitely not worth that much, it is just giving money to the team to take a gamble.
The same thing happened to Jiang Hao's angel Lu Weiming back then.
"Based on the investment ratio of the angel round, miHoYo's valuation is 667 million."
Mr. Song had previously invested 100 million in the angel round, accounting for 15% of the shares, so the valuation at that time was 667 million.
“From my perspective, I am also very optimistic about miHoYo.”
"I am willing to invest 20 million in you, and I want % of the shares."
"It's like I can see that miHoYo's valuation is 50 million, which is sincere enough!"
The current embarrassing point for miHoYo is not the valuation, but the fact that there is no capital willing to continue to intervene.
There was no one willing to raise funds. Even Mr. Zhang from Hillhouse Capital did not think of participating in the A round after careful consideration.
At this time, no matter who estimates the valuation, anyone who is willing to invest in miHoYo is already a savior.
Not to mention that Jiang Hao was willing to offer an estimated price of 50 million, which really showed that he regarded MiHoYo as a potential game company.
For Mr. Cai, the young Mr. Jiang in front of him really respects their company.
The valuation given already made him very satisfied, and the reserve price in his mind was 25 million.
After all, the company already has products that have been initially verified by the market.
In addition, their company would need at least five million in funding, which is why his bottom price was twenty-five million.
"Boss Jiang, I... I think this valuation... can be a little higher?"
Although I am already satisfied in my heart, Mr. Cai still has to try what he should try!
It is obvious that his words lack confidence, and are even more hypocritical than when he asked for a price from Hillhouse Capital.
"It can be higher. What is your expected valuation?"
"Really? I want 70 million?"
Mr. Cai couldn't believe what Jiang Hao said. He looked at Jiang Hao straightly, wondering if Mr. Jiang was angry and was joking with him.
"Okay, I can agree to a valuation of 70 million."
"But I want more than 30% of your company's shares."
"Even if you think a valuation of 35 million is fine, I want at least % of the shares."
As soon as Jiang Hao said this, Lu Weiming, who was just standing by, looked at him strangely.
His expression was complicated, and he was even trying to hold back a smile.
Who asked Jiang Hao to directly bring over the original Hillhouse Capital approach?
learn from mistakes.
The financing routine of Hillhouse Capital is now vividly applied by Jiang Hao to Mr. Cai of MiHoYo.
You can be greedy, but you will have to pay more.
He himself almost couldn't resist this temptation back then.
After all, the power to ask for a price from capital at will really feels like filling in numbers at random in a checkbook.
The temptation of wealth that seemed to be within reach was so great that he would not have been able to resist if Lu Weiming had not reminded him to start from the actual amount of funds.
Mr. Cai in front of him had a clearly visible look of confusion on his face, and he was obviously trapped in the same dilemma he had back then.
Seeing this, a barely visible smile flashed across Jiang Hao's face.
He didn't expect that what he experienced back then would happen again to Mr. Cai in front of him.
At the same time, we can also understand what Gao Yan and Mr. Zhang behind her’s attitude and game towards him were like from the perspective of capital.
They both want the other party to ask for a higher valuation, but at the same time they also have a sense of testing the other party's founder.
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