Today, Huo Yunchao was dressed in Kiton's haute couture, his tie perfectly tied. His dark eyes shone brightly, like summer stars, dazzling and captivating. But most people felt that he was born for glory.
Huo Yunchao's gaze swept over the head of the table, where a dignified man holding a cane stood. He appeared to be around sixty years old, his expression calm and unfathomable. This was Zhao Sheng, the helmsman of Tiansheng Capital.
Beside him stood Zhao Jiequn. Zhao Jiequn lowered his eyes, unwilling to look at Huo Yunchao even once, silently calculating in his heart, as if he really had no chance of winning at all.
Besides Tiansheng Capital, several founders from Sequoia Capital and Harvest Capital were also present at the event.
The meeting facilitator introduced everyone one by one. While they were doing so, Fang Yun connected to the projector and signaled to Huo Yunchao, "Okay." "Mr. Huo, may we begin?"
Huo Yunchao stood at the front of the screen, smiling and greeting, "Please allow me to introduce my team."
He pointed to the first person on his left, "Qin Shu, CTO of Chaoxun Technology and the chief technical officer of this project."
Qin Shu stood up, put his hands together in a gesture of respect, and said, "Nice to meet you."
"Li Xing, Manager of Business External Relations and Expansion Department, Chaoxun Technology".
For this meeting, Li Xing not only dressed smartly but also applied hair wax, sporting a very flamboyant hairstyle. He imitated Qin Shu's gestures.
"Fang Yun, Administrative Director of Chaoxun Technology and Recruiting Manager for this Project."
Fang Yun wore professional makeup today, and the light lip gloss added a lot to her look.
"Gu Fan, legal counsel for Chaoxun Technology."
Gu Fan is a rising star in the capital's legal community, and several people present know him.
After the introductions, before Huo Yunchao could even begin, a gentler expression softened his chiseled, handsome face. "For certain reasons, a very important person is not present. She is Ms. Xue Qiandai, the brand strategy consultant for Chaoxun Technology."
Zhao Sheng tapped his cane three times rhythmically with his fingers.
Zhao Jiequn's facial muscles twitched; he'd been eating dog food (a Chinese slang term for public displays of affection) every year, but today it tasted especially sweet. Showing off their love to this extent was truly unparalleled.
Huo Yunchao's PPT was displayed on the screen. The first page was very simple, with only one number.
Huo Yunchao pressed the laser pointer.
What kind of business can have 100 million users?
The opening of the event immediately captured the investors' attention.
She smiled, composed and confident. "Food is the most important thing for people. In our country with such a rich food culture, food is the industry most likely to create miracles. Huotuan's two major segments, Rocket Delivery and Hot Life Group Buying, are all for the ultimate goal of 'making users eat better and live better.' Now, I will focus on talking about our business and model."
The hour-long presentation was engaging and captivating from start to finish. Whether investors were agreeing or critical, they all listened attentively. Several who were initially somewhat disengaged later became quite attentive.
The last slide of the PPT asks, "Does anyone have any questions?"
One investor spoke first: "Both group buying and food delivery are industries with very low barriers to entry. I can foresee that the competition will be extremely fierce in the future. How do you plan to deal with the competition?"
Huo Yunchao looked at Qin Shu.
Qin Shu stood up and greeted them, “First of all, master the basics. Huo Zong has just run through Huo Tuan’s algorithm, and it’s definitely leading, especially in terms of user interaction design. I don’t think anyone doubts our technical strength in Happy Farm.” This was the CTO’s confidence.
Huo Yunchao paced past the investors, saying as he walked, "Secondly, is market share. Take food delivery as an example. There are food delivery platforms on the market now, but they are all very small and haven't gained much traction. Huotuan is taking a steady and pragmatic approach, first occupying the core business districts of first- and second-tier cities, and then expanding to secondary business districts and more cities. This is a money-burning process, so I need your support in terms of capital."
This is the significance of venture capital.
Zhao Sheng nodded, satisfied with the answer. "Expanding into cities and capturing market share inevitably leads to expanding the team. You can imagine how demanding managing such a large team would be. What are your plans?"
Huo Yunchao looked at Li Xing.
Even a fledgling real estate agent shows no fear when facing venture capital giants. "We are building a powerful army of merchants to connect with. Our goal is to attract merchants to join our team, and we will also make judgments on what can become a hit product for food delivery."
Next up is Fang Yun. "In addition, during the city's expansion, we will also attract some recent graduates, which we call the 'Seed Program.' These people receive intensive training from Chaoxun and become our think tank. They will delve into the market and seize market share."
An older investor suddenly sneered, "A bunch of recent college graduates trying to grab market share? Easier said than done!"
Huo Yunchao remained calm and composed. He spread his hands and smiled, "Mr. Lin from Harvest Capital, right? I don't think there's anything wrong with being young. The five people from Chaoxun today have an average age of 25. I'm 25 this year, and I haven't been out of graduate school for very long."
The investor was deeply ashamed, realizing that the young man he was talking to so confidently was only 25 years old, yet already had three years of entrepreneurial experience.
Zhao Jiequn pursed his lips, feeling a sudden pang of unease; he was 27. He asked, "How will Fireball be promoted in the future?"
Huo Yunchao's answer was very short, consisting of only eight words: "Online promotion, encirclement and suppression."
At that moment, Huo Yunchao's phone screen lit up. He squinted; it was a message from Dai Dai.
It's impolite to look at your phone in a meeting, Huo Yunchao apologized and quickly glanced at it.
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