I was reborn and stayed in school to lie down. I really don’t want to roll anymore!
Chapter 365: Investing in miHoYo
There was silence in the meeting room now.
Mr. Cai was still struggling with this issue, and Jiang Hao and Lu Weiming exchanged glances frequently in secret.
Especially Lu Weiming, when President Cai lowered his head to think, he secretly gave him a thumbs up from the opposite side.
Obviously, he is still impressed by the initial communication with Hillhouse Capital about financing.
"Mr. Jiang."
Mr. Cai's voice broke the silence in the conference room.
Looking at the determined look on his face, it seemed that he had made a decision.
"I think we should stick to your original plan!"
"Fifty million, twenty percent."
Sure enough, it was just as Jiang Hao expected.
In the end, Mr. Cai returned to his original choice.
As an entrepreneur in a startup team, even if the company is not doing well at the moment and the business is not that clear.
But when it comes to shares, I still feel a little reluctant and don’t want to give up more.
This is different from what Jiang Hao did at the beginning. After all, he didn't really have the mentality of working on a team or a project at that time.
He was more thinking about cashing out and leaving, but he was buoyed by the spirit and energy of the team members he recruited.
So when it came to shares, especially in the earliest round of Hillhouse Capital’s investment, he was unusually generous with them.
Unlike Tencent’s second and third rounds, at this time he had already completely reduced his attitude towards the company’s shares.
"Okay, as long as you make the decision. Ten million should be enough for your company's current development, right?"
Ten million should be a considerable amount of money for a team of seven.
Jiang Hao felt that it was enough, and now he was just making a final confirmation.
If the funds are really insufficient, he is still willing to pay more, even if his shares will not increase.
Anyway, investing money at this time is like picking up money for free. Even if the valuation reaches its peak, it will only be 100 million.
The amount of capital required to be invested was only 20 million, which was easily within the reach of any of the four of them.
And if the value of this round goes up, the price of subsequent rounds of financing will also be higher.
"That's enough! Mr. Jiang, to be honest, fifty million is far beyond my expectations."
"With this 10 million yuan in financing, I believe our company can successfully complete the development and promotion of Honkai Impact 3rd."
"But as for the specific contract, what are the shares of you four, Mr. Jiang?"
"You don't have to worry about this. We have a plan in advance."
"Can you draft the contract? If you can, I'll have a lawyer confirm that there are no problems and we can sign it today."
"OK."
As for Mr. Cai’s promise, it turned out to be just as he expected, and he prepared to get a template from the Internet himself.
However, many templates still need to be modified, including some that require registration and payment or membership before downloading. It is really time-consuming to modify these contracts.
In the end, Jiang Hao asked the company's lawyer Dong to send a template over, which accelerated the work progress.
After the contract was finalized, miHoYo's Series A financing was officially established.
Among them, Jiang Hao holds 11% of the shares, Lu Weiming and the other two each hold 3%.
It was not until they had signed and were on their way back from miHoYo to buy high-speed rail tickets that Lu Weiming spoke again.
"Brother Jiang, how did you choose the company?"
"I think this game company is similar to the startup teams I invested in before!"
“They haven’t even developed as well as the ones I invested in.”
It is obvious that Lu Weiming doesn't care about investing money at all, and his actual share of investment is only 150 million.
Regarding this investment in miHoYo, he still has a learning attitude.
Especially after seeing the development of miHoYo's angel round, he realized that several startup teams he invested in were no worse than miHoYo.
But in the end, all these teams died in the angel round, and no team could make it to the A round.
"Are you doubting Brother Jiang's judgment?"
“Don’t forget, even if Brother Jiang doesn’t invest, miHoYo is on Hillhouse Capital’s investigation list.”
"And those companies you invested in, didn't you count them yourself? The best one was only investigated a few times by the city's capital company."
Before Jiang Hao could speak, Yang Tianhao had already launched a powerful attack.
In particular, he expressed disdain for the teams he invested in.
Of course, the main reason was that Lu Weiming always showed off in front of him. As for the object of his showing off, it was naturally Totoro Technology.
But since Totoro Technology, Lu Weiming has invested in many startup teams, but without exception, none of them made it to the A round.
"Hey, Lao Lu! Why don't you just give up on your venture capital company?"
"If you have the free time, why not work on your liquor business? At worst, you can come to Lizhou City to expand your business!"
"I'm just accumulating all this, what do you know!?"
Lu Weiming was convinced by Jiang Hao and was willing to communicate with him by asking for advice.
But this is not the case with his best friends, especially when they mock him.
"Failure is the mother of success. Even though the projects I'm investing in are all failing, what if another Totoro comes out?"
"Besides, I only invested in angel rounds, so the cost is not that high! Even though I invested a lot, I didn't actually spend much!"
Knowing that investments, especially venture capital, can easily go to waste, Lu Weiming still has plans for this.
At least the investments are in the angel round, with one or two million each time to test the waters.
He really doesn't dare to touch the A round of investment, even if it is a company he invested in as an angel investor.
Even if they knew that the company would go bankrupt if they didn't invest, they would just watch it go bankrupt and never spend any extra energy or financial resources.
"Brother Jiang, can you tell me how to judge whether a company can reach the A round?"
At this moment, Lu Weiming continued to question Jiang Hao.
"Brother Lu, you should consult Professor Zheng on this."
"He is a professor of finance and one of the founders of Yifan Investment. He is much more professional than me."
What on earth does Jiang Hao know about investment?
He was able to be certain that certain businesses could develop purely because of his rebirth and the opening of his third eye.
"That's not right! Professor Zheng said he is just an academic and knows more about funds."
"Let me talk to you about venture capital. You have a better vision. He admires you!"
Jiang Hao couldn't help but hold his forehead when hearing what Lu Weiming said.
This is not praising him at all, it's obviously kicking the ball to Lu Weiming!
Seeing Brother Lu looking at him eagerly, Jiang Hao couldn't help but persuade him.
"Brother Lu, why don't you stop investing and continue to do the liquor business like Brother Yang said!"
"Regarding investment, if there is a good opportunity, I will definitely call you, okay?"
The fact is, most companies on the market are not worth investing in.
In fact, most of the companies worth investing in are on the inspection lists of leading national capital companies.
For example, Hillhouse Capital has specialized investment departments for different categories, and some really good projects will be recommended specifically by someone.
If you want to find the ones that have slipped through the net among the entrepreneurial teams left over by these capital companies, only someone with a keen eye like Jiang Hao can do it.
"Brother Lu, your venture capital company is actually based on your own judgment based on experience."
"Official companies have dedicated teams responsible for evaluation, so there is really no need to fight to the death."
"So that's how it is! I understand! Hahaha!"
"Brother Jiang, I really need to communicate with you about this!"
"What time does this ticket arrive in Songjiang? I have to recruit people quickly!"
Jiang Hao's words of persuasion turned into an invitation for Lu Weiming to recruit people when they reached his ears!
It seems that Brother Lu is in conflict with venture capital. I don’t know if he will get lucky in the future!
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