Chapter 295 Five Million in Venture Capital



Lin Sen spent 6 billion yuan to tour the area for ten minutes. After the tour, Li Lechen did not continue to livestream and show off the small garden behind the school cafeteria.

It was certainly not respectable, but the main reason was that a very important person had actually contacted him.

At the school gate, a stretch Lincoln was parked. The driver had already opened the door, and the person waiting for him was Li Lechen, who had just come out of the school.

This was the first time in Li Lechen's life that he had ridden in such a luxurious car. The interior of the sedan was like a reception room, with two seats facing each other and a coffee table in the middle. It didn't look big from the outside, but once inside, the space was surprisingly generous, with plenty of room to stretch out.

Sitting opposite me was a middle-aged man, who had already introduced himself on the phone as Jiang Zhennan, the chairman of Jiangnan High-Tech Technology Co., Ltd.

Li Lechen had heard the gossip circulating at school, which said that Jiang Xiaobai was Jiang Zhennan's... cough cough, daughter.

Yes, regardless of whether she's an illegitimate child or not, she's still definitely a daughter.

However, I really have no connection with Jiang Xiaobai, so I hope that his father is not using business as an excuse to bring up personal matters.

Of course, Li Lechen was overthinking it, because Jiang Zhennan only talked about business with Li Lechen from beginning to end.

"I want your cleansing soap formula. What kind of cooperation would you be willing to do?"

Compared to the domineering CEOs seen on TV who immediately say "Name your price" or "I want it," Jiang Zhennan's tactful approach left Li Lechen unsure how to refuse.

But it was clear that Li Lechen couldn't provide any formula, no matter how tactful their explanations were. So he said, "I definitely won't give you the formula, but we can consider other ways of cooperation."

"Why?"

"Why what?"

"The formula isn't too difficult to crack," Jiang Zhennan said. "Besides, you probably haven't applied for a patent yet, have you?"

"Of course I can't apply for a patent! Because I don't even know the formula!" Li Lechen thought to himself. But he said aloud, "What's the point of patents? My formula is quite simple, and it's mainly handmade, so the effect is good."

"You mean, mainly in the manufacturing process?"

"Yes, I made it by hand. If it were made by machine, I doubt it would achieve the same effect."

“You might not know this much,” Jiang Zhennan said with a smile. “Our company has world-class manufacturing lines. Even hand embroidery can be done on the assembly line, let alone other things.”

"I'm not going to discuss this collaboration with you. Anyway, I won't sell the formula or the manufacturing process." Li Lechen knew he couldn't argue with the big company boss in theory, so he simply stuck to his bottom line.

Sure enough, Jiang Zhennan was at a loss when faced with Li Lechen's approach. He could only try to persuade him: "If you hold onto the formula and manufacturing process and operate it by hand, you can't mass-produce it, so you can't possibly achieve large sales. I've tried your cleaning soap, and it works better than some international brands. It just lacks packaging and promotion. But that requires mass production. Perhaps you could give me a price quote and we can see how much difference there is between us."

Li Lechen pretended to think seriously for a few minutes, then shook his head and said, "Let's forget about it. Actually, I want to start my own company, but I don't have the resources right now."

Li Lechen gave this reason, half-truthfully and half-jokingly.

Clearly, Jiang Zhennan had also considered this. Unless he had bigger plans, he wouldn't have rejected the current favorable terms for cooperation.

So they settled for second best, saying, "If you have financial difficulties, our company can invest in you."

"How will the profits be distributed in the future? I don't understand this, and I'm afraid I'll be taken advantage of."

As a student, Li Lechen's bluntness made it difficult for Jiang Zhennan to get angry. He could only explain to him earnestly: "We provide the capital, you provide the technology, and then we invest proportionally. Generally, the capital accounts for 70% and the technology accounts for 30%."

"Only 30%? No way!" Li Lechen shook his head repeatedly.

“A 40/60 split is also possible.” Jiang Zhennan made a silent concession. “In some collaborations, the technology investment can even account for 49%.”

“I’ll take 70%, and you take 30%. That way we can cooperate. Any less, and I won’t do it.”

"But as is customary..."

"No one in the conventional world has this kind of technology."

"..."

After only a few seconds of thought, Jiang Zhennan agreed to Li Lechen's demand for a 70/30 split. It was decided that Jiangnan High-Tech Technology Co., Ltd. would invest five million yuan to establish a cosmetics company, with Li Lechen providing the technology to specifically produce this cleansing soap.

Actually, Li Lechen isn't short of money; winning another lottery ticket would be a piece of cake. It's just that with company sponsorship and promotion, all he has to do is buy tickets—why not?

As for Jiang Zhennan, he wouldn't do a losing business. This cleaning soap had actually been studied for several days by over a dozen research experts in the company's technical department. Although they could analyze the ingredients, their current technology simply couldn't achieve that level of purity. It seemed only a family heirloom technique could explain it.

Selling for 200 yuan a piece is really too cheap.

Clinical trials have shown that Li Lechen's cleansing soap can remove blemishes in just three days and smooth out uneven scars in about five days. As for basic functions such as repair, moisturizing, whitening, and anti-aging, one bar of cleansing soap is equivalent to a complete set of luxury skincare products worth tens of thousands of yuan.

Jiang Zhennan even suspected that Li Lechen herself didn't know her cleaning soap had such miraculous effects. Perhaps it was just a lucky accident.

But in any case, it can be considered a collaboration between the two parties.

Jiang Zhennan's investment is genuine, and Li Lechen is not bluffing either. Whether it's the equipment they purchase or the talent they bring in, everything is geared towards creating top-tier skincare products.

...

For 100,000 Sunshine Coins, Li Lechen bought a piece of information from Huo Jiujian.

I knew that the business of Beautiful Dream Factory was not doing well, but I didn't expect it to be even worse than I anticipated. Meng Ziran currently has assets of 17.7 billion yuan, ranking 9544th on the Sunshine Rich List. Although there are more than 400 people behind him, he is already quite far down the list.

More importantly, with the revelation that circulating water is toxic, people now know that the main reason for irregular red spots on the face is water. In that case, applying skincare products to solve the problem temporarily is naturally not as effective as improving the water source for long-term results.

Moreover, the skincare products sold at the Beauty Dream Factory are exceptionally expensive; buying even the cheapest bottle of serum is almost enough for a full-body skin resurfacing treatment.

Even more remarkably, it has been discovered that consistently drinking circulating water with Vitamin C can gradually fade irregular blemishes on the skin. Those with the means can even maintain perfect skin condition for a long time after a skin resurfacing treatment.

Therefore, skincare products below the No. 2 series are basically ignored. Even though Meng Ziran spent a lot of money on advertising in the mall and even tried to forcefully promote the products, she still couldn't boost sales.

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