Automotive Black Technology Chapter 110: :Good calculation
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The representative sent by Sukula was a gentle man named Fang Hui. This man wore a suit and ties, his hair was meticulously combed, and he also wore a pair of gold-rimmed glasses without lenses. Let people know at a glance; Oh, this is a white-collar worker.
The kind with an annual salary of more than 500,000 yuan.
But the other party's attitude was good, neither humble nor arrogant, and he didn't play any tricks. Moreover, the asking price also made Li Fanyu feel that he and ZGX888 were valued, so in view of the asking price, he still sat down and had a chat with him.
However, although Fang Hui's words are modest, his purpose is very clear and his means are very direct; he is optimistic about the prospects of the ZGX888 engine and wants to invest in venture capital at the VC stage.
Venture capital is risk investment. Domestic officials also call it venture capital, which means that someone has a certain project that is favored by the funder, so the funder invests money in exchange for shares, and then waits for the project to make profits, the funder will share the money.
To put it bluntly, venture capital is that simple, but the tricks involved are also bottomless. For example, venture capital is divided into three stages according to the maturity of the project: seed stage (Angel), growth stage (VC) and mature stage (PE).
Seed-stage projects often have only one idea and initial team. This type of project is highly uncertain, so generally venture capital companies or individuals who invest in this stage are called angel investors. It means that people are stupid and have a lot of money, but they also have the glory of the Holy Mother. The subtext is "I am optimistic about you, I will use the money to start a business, I will share the profits with everyone, and the losses will be mine."
Although this type of investment requires relatively little investment, it is often very risky. When investors make money, they make a lot of money, and when they lose, they make money.
The mature stage is more interesting. Projects at this stage generally have a feasible path, the strategy has basically been formed, and they are ready to invest resources.
Li Fanyu’s ZGX888 is currently at this stage.
Because the engine has been successfully developed, there is currently a great demand for an excellent independent powertrain in the market, and ZGX888 has achieved a good reputation and market expectations.
According to the normal sequence, Li Fanyu should go to the Ministry of Industry and Information Technology to submit for review. Once approved, a production line can be set up for large-scale production.
But production requires a production line. An engine assembly line, with the little wealth Li Fanyu has in hand, is far from enough.
But 500 million, in exchange for 15% of the original shares, Li Fanyu still feels that this matter is a bit elusive. Moreover, he was slightly resistant to dividing his shares.
In his impression, venture capital is relatively popular in the Internet industry, and it is relatively rare for people like him to obtain venture capital in the industrial field.
Moreover, venture capital is a risky business. Many entrepreneurial teams have ended up in vain because of the investors' messy behavior.
Although for early and mid-stage projects, venture capital involvement is a desirable thing. But Li Fanyu felt that apart from the fact that the five hundred million yuan would satisfy his thirst when building a production line in the future, he really didn't expect much else.
And the project decision-making power is like a girl's membrane. If you give it away, you can't take it back.
Think about it, whether it’s the company or the team, I always keep my word, so wouldn’t it be troublesome if someone came out to mess with me?
Li Fanyu touched his chin and thought for a moment, then said: "Thank you for your kindness, but let me think about this matter again."
Fang Hui obviously didn't expect that he would refuse such an attractive condition. In his opinion, given this condition, the leaders above had obviously lost their minds.
For such a novice entrepreneur, 500 million yuan in exchange for 15% of the shares is really too generous.
However, even with such a condition that could drive other entrepreneurs crazy, they actually refused!
Did this guy have his head knocked off?
He adjusted his glasses, crossed his fingers on his legs, and said: "Mr. Li, I don't deny that you have a very outstanding project in your hands now, and it has really touched the pain points of the domestic automobile industry. But please Think about it carefully, your engine has not yet passed the review by the Ministry of Industry and Information Technology, and all calibration parameters have been approved by your own laboratory.
The conditions given by our company can be said to be the highest level among all projects in the VC stage. Moreover, our company can also provide guidance and assistance for your future production line establishment and mass production. Especially in the area of government resources, our Sukula company still has a certain influence in China. ”
Li Fanyu was noncommittal, he knew what the engine looked like.
In the parallel world that I live in, even though the EA888 engine has various shortcomings, it still has a very high market share.
Why? Because it has no disadvantages except burning oil. If you throw away the dark history of burning engine oil, EA888 can be called a miracle machine of the previous generation!
And government resources, huh... Dude, do you think I'm just a kid on my first day in society?
China’s first independent engine! Over the years, how much money have domestic automobile manufacturers given to foreign engine manufacturers? Now that I have my own one, I don’t believe any department would set up a card on ZGX888! I'm afraid they couldn't wait for me to submit it for review.
Now you are using these two lame reasons to suppress me. You are so underestimating my IQ.
"Mr. Fang, I think I have made it very clear. Please do it yourself."
Fang Hui was stunned and ordered to expel guests! ?
This kid is really arrogant. If he hadn't thought about what the general manager told him before he came, he would have wanted to slap the briefcase in front of him in his face.
This is the first time I met someone who took so much trouble to give away money. That’s 500 million! Five hundred million!
He stood up suddenly and his face turned cold: "Mr. Li, are you really confident in your project, or are you trying to exaggerate yourself and get more money from our company? If it is the latter, I advise you Know yourself."
Li Fanyu tilted his head and looked at him, "What, you mean I have to be grateful for your intervention, right?"
"I don’t think any sane person would refuse such an offer. Opportunities don’t come every day, you have to know this. Since I entered the industry, I have never seen a project get a deal at the VC stage. Such financing strength. I have to say that it is not good to say that we have learned about the financial situation of Zhengxin Company. Although the profit is not bad, if you want to mass-produce engines, it can only be said that it is a drop in the bucket! You can come in if you want. We at Sukula Investment are a subsidiary of Mitsubishi Heavy Industries. As long as we form a cooperation, we can rely on Mitsubishi Heavy Industries' industrial advantages to provide you with unexpected benefits."
After hearing this, Li Fanyu finally understood why the other party offered such a high price. There was no ulterior motive at all! Can a company with Japanese companies as shareholders still be considered independent?
Mitsubishi Heavy Industries has a good plan!
"Bring your business card and get out of here!"
Li Fan was furious.