Chapter 1241 It’s hard to be a rich second generation with ideals
In the domestic Internet field, Mingliu Group is not a leader, but it is also the undisputed first upstart.
As the founder of Mingliu Group, Zhou Anan's keen sense of the Internet and investment vision are absolutely top-notch.
This is especially prominent since few people present are involved in the Internet industry.
Since the other party does not approve of this project, why do they invest money in it? Why spend hundreds of millions to buy a happy smile from Boss Feng?
Stop joking, no one’s money comes from the wind.
“…”
Watching his teammates, who had responded enthusiastically before, turn against him one by one, Feng He suddenly felt the cold air from the air conditioner was a bit chilly.
That feeling was exactly the same as the desolate feeling of a peerless swordsman standing at the pinnacle of the martial arts world standing on the top of a mountain and feeling the cold wind.
Why? Just because of a word from the great elder?
"Okay, I won't vote either."
Seeing that the great elders did not agree, Feng He easily accepted this result.
After all, his startup fund was only 500 million yuan, and he couldn't waste it casually.
If he lost all his money, he would have to go back and inherit billions of assets, which would be too troublesome.
It’s so hard to be a rich second generation with ideals!!!
"What if I just make a quick buck and leave?"
Feng Jiming and the major shareholder on the side already had a tacit understanding and quickly realized the other meaning in the other party's words.
If he could make a lot of extra money, he wouldn't mind investing some.
It was his first time attending a gathering of the founding members of the Tang Dynasty Club, and it was an eye-opener for him. Investment projects often started at hundreds of millions, which were no less than their Blue Whale's super productions.
"If I want to make a quick buck and leave, I will invest a few million in my own name for fun. It doesn't matter if I lose money."
Talking about this, Zhou Anan was very sober and didn't think about making a big fortune.
He remembered that when Miao TV was at its peak, its valuation was more than 5 billion, which was at least ten times higher than the initial investment of several hundred million.
However, valuation is a bit fictitious. Even if the price is discounted by 20%, there may not be anyone willing to take the risk.
Valuations that are not converted into actual tickets are all illusions.
As for investing in the name of Mingliu Group, forget it. We can't afford to lose face.
What's more, Mingliu Group will definitely develop short videos for mobile phones in the future. There is no need to gain notoriety for a little money now and leave a bad impression on users.
“Then you can invest.”
After understanding the elder's meaning, Xu Letian spoke in agreement.
"If it's just for fun, I won't vote."
On this point, the initiator Feng He resolutely withdrew.
Are you kidding? He invested in order to start a business, so that he could have a clear conscience about not inheriting the family business in the future. What's the point of making a little money?
When he started a business, what he valued was not money, but prospects and the future.
"Tsk...then tell me about a new investment project?"
Chu Tianfang, as a bad friend, asked without any humor.
"There's a Riot Games company in North America that's developing a new competitive game. According to some beta testers, it's very playable. Should we acquire this company?"
Faced with personal attacks from his bad friends, Feng He thought of another way of investing that would cut off the source of the problem.
Since being a downstream live streaming platform is risky, acquiring an upstream gaming company is always a sure-win deal.
"This may be a bit troublesome. 80% of Riot Games' shares have been acquired by me and TX."
Hearing Mr. Feng's proposal, Zhou Anan reminded the other party with some apology.
“…”
Everyone present rolled their eyes at the elder at the same time. Feng He, the main person in charge, coughed twice in embarrassment and continued to give advice: "Apple's iPhone 4 is selling like hot cakes. Should we also invest in the smartphone industry?"
"Ahem, I've already invested in three smartphone companies, so I won't participate."
Regarding this aspect, Zhou Anan, who has already invested in the Future Troika, expressed his apologies for not participating.
It's not that he was trying to undermine Mr. Feng, it's just that he had invested in too many projects and they awkwardly overlapped.
“…”
The people present once again rolled their eyes to express their respect for the young rich man's investment project.
Awesome, you made money from all the good projects.
"Daan, you can't make all the money by yourself!!!"
At this point, Feng He's face was full of helplessness.
MD, no wonder there are always people complaining online, saying that rich people get richer.
With all the investment opportunities at hand, it would be strange if they didn't have money.
"If you really want to invest, new energy vehicles and chip manufacturing are the future development trends. The only problem is that the investment in these two industries is not small, and the payback period is relatively long."
Seeing that everyone was looking at him strangely, Zhou Anan proposed a more constructive investment plan: "In the second half of the year, Mingliu Weike is preparing to raise $1 billion in Series D funding for the final expansion before going public. If you are willing to entrust me with the right to speak on your shares after the financing, I can help you secure a financing amount of $200 to $300 million."
After discussions between the management team and other shareholders, Mingliu Micro-Customer will basically be listed on Nasdaq in the middle of next year.
Prior to this, Mingliu Weike will conduct its final round of financing in the second half of the year, which will be used as reserve funds to consolidate the domestic market and expand overseas markets.
Since Jiulangweike invested in overseas expansion regardless of cost, although Mingliuweike did not follow suit and spend money crazily, it had to increase its cost investment, and the funds from the last round of financing were burned through a bit quickly.
500 million US dollars may seem like a lot, but when spread out across many foreign markets, it is just average.
Both the D round of financing in the second half of the year and the listing next year are intended to provide funds for the market share expansion of Mingliu Micro-Customer and WK Mobile Browser, and to establish its leading position in the Micro-Customer field.
Therefore, allowing these second-generation people who hold considerable power to participate can better consolidate the development of Mingliu Weike in China, and it does not count as the chairman abusing his power for personal gain.
“I can invest 80 million in this.”
"I should be able to raise 90 million."
"85 million is no problem for me."
…
Upon hearing the investment advice from the great elder, everyone present immediately put all their funds into it, which was more active and enthusiastic than the previous investment project initiated by Young Master Feng.
Before, when they heard about the projects organized by Young Master Feng, they only offered to invest several hundred million or tens of millions. But now, when they heard about the projects of the big veterans, they immediately invested nearly 100 million.
Compared with the uncertainty of Mr. Feng's project, investing in Mingliu Weike is an excellent project that is highly profitable and where you can count the money until your hands cramp.
This is an opportunity that countless people want to get on board, but can only sigh in despair.
As for the so-called right to speak about shares, they are all for making money and have no need to participate in the management of the company. It doesn’t matter whether they have a say or not.
Isn’t it nice to count money while lying down?
"I have 300 million."
Unexpectedly, this group of guys reacted so quickly, Feng He hurriedly followed them.
Anyway, he has 300 million yuan as a foundation for his 500 million yuan startup capital. Even if he loses the remaining 200 million yuan, he doesn't need to go back to inherit the family property.
This plan is simply perfect.
“…”
Originally, we thought that the founder of the club would remain reserved, but we didn't expect him to have such a big appetite. Everyone expressed their contempt with their eyes.
(End of this chapter)
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