I was reborn and stayed in school to lie down. I really don’t want to roll anymore!

"Whether there is a shortage or not, we can discuss it!"

It seems that Professor Zheng is very optimistic about Dibao Technology!

This sweeper is indeed much easier to make this year.

Especially after the introduction of the all-in-one washing and mopping function, the functions have gradually become richer and the audience has become wider.

Of course, the current mopping function is not as powerful as the sweeping function.

It is easy to get water stains and not mop the floor cleanly when mopping.

Often it takes several passes to get it clean.

And I have to help change the water and mop, which is not so convenient in general.

But the entire market is beginning to change and activate, and the number of people who have demand for sweepers is increasing rapidly.

"Professor Zheng, I just communicated with Pang Yi last time."

"After all, they are not a complete Internet company. They still want to see the market performance of the third-generation sweeper before trying to introduce round B financing."

"If the sales volume is higher than that of the second generation, or if there is a small boom, the valuation can increase significantly."

Since we raised 1500 million in the A round, the more funds we need for Dibao’s development, the better.

But as the second-generation product is selling well, it is not to say that there is a shortage of money.

The valuation of Dibao Technology during its A round had reached RMB 7500 million.

What if it really sells well and has high sales volume.

The entire smart home market can be opened up by Deebot with its sweeping robot.

There is capital willing to enter. Of course, as an angel round investor, Professor Zheng has priority investment rights if he is really willing.

"I know this. I have also recently investigated the situation of Dibao."

"We are also confident in their current celebrity endorsements and third-generation products."

"What do you think the valuation of Dibao will be if this generation of products goes on the market smoothly?"

Seeing that Professor Zheng knew what was going on, Jiang Hao didn't think too much about it and just made a joking estimate.

"If the sales volume of the previous generation can be maintained, I estimate that the valuation of 3 million yuan will be no problem."

"If the sales volume can be much higher than the previous generation, or if there is a small boom, I think the valuation can reach 6-7 million yuan."

To be honest, Deebot Technology is currently at the top of the sweeping robot industry.

We entered the market at an early stage, and the actual investment and technical team are much stronger than our peers.

If the entire market itself had not started a bit slowly, the demand for users would not have come up yet.

If a few years really pass, with the same scale and market position, there will be no shortage of investors even if the valuation in the B round is RMB 10-15 billion.

As for now, if the next product performs relatively well, the minimum valuation will be 5 million.

"can!"

The short and powerful words suddenly came from the phone, making Jiang Hao a little confused.

"what?"

"Seven hundred million is seven hundred million. I agree!"

"I am willing to invest in Dibao at this valuation, and I require more than 25% of the equity."

"Teacher Jiang, would you like to ask Professor Duan for me?"

"real or fake?"

This was the second time Jiang Hao was surprised today, and it was even a little frightening for him!

Who would be willing to invest in a company based on its best future development valuation before its products are finalized?

Isn't this really a sign of a fool having too much money?

But Professor Zheng may have a lot of money, but he is definitely not stupid!

There could be only one reason why Professor Zheng was so determined to invest in Dibao, and that was that he was extremely optimistic about Dibao.

Including the future of the artificial intelligence and smart home market.

It really is an advance bet!

"Can I still joke with you?"

"After my new company completes the business handover with Yifan, the first project I plan to invest in will be Dibao."

"I actually just contacted Professor Duan yesterday, but he hasn't reported the valuation yet."

"He meant to discuss it with the other shareholders, and especially wanted to ask for your opinion. Maybe he hasn't had time to tell you yet."

Hearing what Professor Zheng said, Jiang Hao couldn't help but sigh.

"Professor Zheng! You are determined to enter the venture capital industry!"

"Will you focus on investments in artificial intelligence or smart homes in the future?"

Judging from Professor Zheng's determination to invest in Dibao, he is definitely preparing to enter the field of artificial intelligence.

"Haha! I am planning to invest in this field."

“In fact, I also want to invest in DJI drones, which is the company that Ning Chengming’s team originally wanted to go to.”

Ning Chengming is the person in charge of the software supporting project for the Deebot sweeping robot.

The original entrepreneurial robot dog project failed miserably, and the team was preparing to join DJI, but in the end Pang Yi brought the entire team to Dibao.

During the last round of A financing, several parties discussed it at the dinner table.

Could it be that Professor Zheng has been considering investing in this area since then?

“But there are a lot of people watching DJI, including Sequoia Capital, Hillhouse Capital, etc.”

“Even if I was willing to invest in advance at a high price, they refused.”

This is the difficulty of starting a venture capital company, and even Professor Zheng is no exception.

Naturally, there is not much competition in the venture capital angel round, so it is a matter of casting a wide net.

But by the A round, big companies have already set their sights on good projects, so it becomes more difficult to intervene at this time.

Jiang Hao was the same when he started Totoro. He would never choose a small capital company if he could cooperate with large capital financing.

Of course, in the A round, the relative risk is still very high, so there is still room for Professor Zheng to enter.

But after the B round, the difficulty increases sharply.

For most startups in Round B, their project products are relatively mature and have been tested by the market.

At this point, the company's risk has been reduced a lot. As long as the performance is really acceptable, at least most capital companies will be willing to get involved.

A startup company like Professor Zheng has no chance of getting involved in the B round of a company like DJI, which has great potential.

Even Professor Zheng cannot enter most of the investments in this field on the market, except for the angel round and A round.

This is probably why they are willing to invest in Dibao in advance.

Professor Zheng of Dibao is at least an angel investor, especially since Dibao’s products are relatively complete nowadays.

As long as this third-generation product can pass the test of the market, it will receive much more attention.

I’m afraid this is the real reason why Professor Zheng is willing to take the gamble and lock in the B round in advance.

Take the high price and win this round of financing! The stakes are the C round, D round and going public.

"You work so hard, you're stealing Brother Lu's job!"

It’s no wonder that Lu Weiming can’t make it in venture capital. Brother Lu relies more on luck to make a living.

Unlike Professor Zheng, if he values ​​something, he is really willing to spend a lot of money to knock you out in advance.

In terms of courage and means, Professor Zheng is indeed more capable!

"That can't be possible. I generally won't invest in the projects he likes."

"Please help me talk to Professor Duan about Dibao's financing."

"It can be considered as helping me open a new company!"

As the first person to recommend him, he is also Dibao’s angel.

Of course Jiang Hao was willing to help Professor Zheng with his new company.

"Professor Zheng, you are willing to give an estimate for this. I don't believe that Professor Duan will not be tempted."

"I'll contact him this afternoon."