Chapter 1588: Making money while standing?Absolutely impossible!
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Ku Mao
Valuation 1 trillion?
Starting from 2500 billion?
Chen Mo's understatement made Eric shocked and speechless for a long time!
He had spent the whole night looking for manuscripts from several secretaries, but at this moment he could not utter a single word.
Eric has rehearsed countless possibilities in his mind and figured out all the ways to deal with it, even incorporating all the most difficult scenarios from decades of investment experience.
He thought he had the whole situation under control and that nothing would go wrong.
Never expected it!
Chen Mo's words immediately stunned him!
Before he came, the president told Hongshan's base price, 1500 billion.
The so-called base price is the maximum amount that can be participated in the bidding.
Although the CEO did not clearly say what should be done if the price given by Chen Mo is higher than Hongshan's base price, but based on past investment experience, there are only two results: if the price is within the acceptable range, then it can be negotiated, and Hongshan You can follow up; if the price exceeds the reserve price, you can exit directly without any further discussion!
Eric has so many years of work experience and has made countless investments, but the third possibility has never happened.
Even though Hongshan is one of the largest investment banks in the hegemonic country, the money will not be given out on demand. On the contrary, it will do a more careful risk assessment.
Under this circumstance, even if Hongshan determines that TT Company is really likely to reach 1 trillion in assets in the next few years, it must also calculate the risks involved. It is absolutely impossible to determine that this company is just because it is White Dragon King's company. The enterprise will definitely develop smoothly, and with a wave of the hand, we will give you as much money as you need.
For venture capital investors, when they lead or invest alone, they will definitely find ways to lower the actual valuation. On the one hand, this is to reduce capital investment, and on the other hand, it is also for better exit in the future.
Enter when the valuation is 100 million, retreat when the valuation is 1000 million, and let the next company take over when the price is 10 times the price. This is how ordinary venture capital makes money.
But if you fail to grasp the premium when you take over the deal, and other investment banks think that the price you take over is too high, then it will be difficult to sell at a high premium in the future, and the investment will be considered a failure.
Chen Mo saw that Eric was confused for a moment, and said with a calm smile: "Mr. Eric, don't be too entangled. We have an old saying in Daxia that business cannot be done without justice. The price is indeed high. If it were me, I wouldn't You will be scared, but tt is really worth the price.”
Eric nodded: "Mr. Chen, frankly speaking, I have been investing for so many years, and your offer is the largest deal I have ever negotiated. Moreover, I have known Mocent Company in depth for a long time, ttI It has been used for at least two years. I think the valuation of 1 trillion is indeed a bit ridiculously high, and the initial investment of 2500 billion is even more fantasy!
I think that none of the four major investment banks in Hegemony can accept financing based on this valuation. "
Chen Mo smiled, the kind of smile that carried aloof confidence: "Mr. Eric, I have to correct the mistake in what you just said."
Eric frowned and looked at Chen Mo doubtfully, waiting for his next words.
Chen Mo smiled and said: "Whether it's a one trillion valuation or a 2500 billion ticket, that's the lowest number. You can understand me. The number I'm talking about is equivalent to the starting price at the auction.
Now, even if you directly give me 2500 billion, it is impossible for me to directly cooperate with Hongshan, because the price is... too high!Low!Got it! "
Eric felt the strong confidence in Chen Mo that was so crazy.
Does Chen Mo think that TT has such a high valuation?
Indeed, Chen Mo does have this confidence!
In the distant future, which of the three companies Pingguo, Guge, and Facecook will not be valued at 10,000 billion+?
Even though tt is just a subsidiary spun off from Mertex, it is where all the core businesses of Mertex are located, and it is closely integrated with Pingguo, Guge and Facecook.
To put it bluntly, even if TT is a lazy man, he can become a rich man if he is forcibly helped out of poverty by three trillionaires!
So Chen Mo doesn’t care at all whether Hongshan recognizes Chen Mo’s valuation. If you don’t recognize it, I will go to other investment banks and they won’t recognize it. I will invest by myself. The process of IPO in the middle will be very troublesome and will take a long time. .
Eric was unconvinced and said: "Mr. Chen, I can't agree with the number you said. It's too outrageous!"
Chen Mo laughed and said: "If you can't agree, then go back and wait patiently. I can tell you responsibly that every time, tt's valuation will increase! It is now 1 trillion, wait a few months tt The increase in new business will be 1 trillion. Wait another year or two, 5G will be popularized, and we will truly enter the Internet era. I won’t even talk to you about a valuation of 4 trillion!"
Chen Mo's words are very clear.
My company is very valuable, and it is already at the lowest price now!
At the same time, he also has a subtext: You can only lick your face and beg me for money, not him who lowers his head and begs you to invest!
Eric was extremely disgusted with Chen Mo!
This Chen Mo is simply a combination of youthful vigor and arrogance!
How dare a Daxia company dare to act so recklessly in a hegemonic country?
Throughout the decades since Hongshan Capital was established, no Daxia company or Daxia person dared to talk to him in this manner!
But Chen Mo was brave and confident to the core!
At the same time, Eric also knew very well that today's negotiation would definitely end in failure.
Chen Mo bit the 1 trillion valuation and 2500 billion admission tickets. He couldn't persuade him to lower the price, so he had no choice but to go back.
If the CEO and the board of directors are willing to change their minds and accept Chen Mo's offer, then the cooperation can proceed. Otherwise, the investment negotiation will fail.
In that case, unless Chen Mo hits a wall everywhere and can't get suitable investment, and then clearly understands the true value of TT, lowers his valuation, and then corrects his attitude to beg for himself and Hongshan, then there will be possible follow-up cooperation.
Eric was convinced that the result must be the second one!
With such a high price, Chen Mo will definitely hit a wall everywhere!
In the past two days, Chen Mo has been showing off in the same way.
In one day, all the top 20 investment banks in the country were offended.
Starting from 1 trillion, the admission ticket of 2500 billion can only be higher but not lower. You can only ask me to take the money without me bowing my head. All the venture capital investors think that Chen Mo is crazy and is simply too arrogant. , taking yourself too seriously.
After that, many venture capital investors came to the media to criticize Chen Mo: "The Godfather of the Internet? Ordinary and confident Daxia people came to the birthplace of the Internet to pretend to be x but were slapped in the face. Their excessive arrogance caused the hegemonic investment banks to stay away. Currently, all investment banks They all announced that they would no longer discuss financing with Chen Mo, and TT's separate IPO split is expected to be shelved indefinitely. This also taught Chen Mo a vivid lesson. In the Hegemony, it is absolutely impossible for a Daxia person to stand still and spend money. made money!"
Starting from 2500 billion?
Chen Mo's understatement made Eric shocked and speechless for a long time!
He had spent the whole night looking for manuscripts from several secretaries, but at this moment he could not utter a single word.
Eric has rehearsed countless possibilities in his mind and figured out all the ways to deal with it, even incorporating all the most difficult scenarios from decades of investment experience.
He thought he had the whole situation under control and that nothing would go wrong.
Never expected it!
Chen Mo's words immediately stunned him!
Before he came, the president told Hongshan's base price, 1500 billion.
The so-called base price is the maximum amount that can be participated in the bidding.
Although the CEO did not clearly say what should be done if the price given by Chen Mo is higher than Hongshan's base price, but based on past investment experience, there are only two results: if the price is within the acceptable range, then it can be negotiated, and Hongshan You can follow up; if the price exceeds the reserve price, you can exit directly without any further discussion!
Eric has so many years of work experience and has made countless investments, but the third possibility has never happened.
Even though Hongshan is one of the largest investment banks in the hegemonic country, the money will not be given out on demand. On the contrary, it will do a more careful risk assessment.
Under this circumstance, even if Hongshan determines that TT Company is really likely to reach 1 trillion in assets in the next few years, it must also calculate the risks involved. It is absolutely impossible to determine that this company is just because it is White Dragon King's company. The enterprise will definitely develop smoothly, and with a wave of the hand, we will give you as much money as you need.
For venture capital investors, when they lead or invest alone, they will definitely find ways to lower the actual valuation. On the one hand, this is to reduce capital investment, and on the other hand, it is also for better exit in the future.
Enter when the valuation is 100 million, retreat when the valuation is 1000 million, and let the next company take over when the price is 10 times the price. This is how ordinary venture capital makes money.
But if you fail to grasp the premium when you take over the deal, and other investment banks think that the price you take over is too high, then it will be difficult to sell at a high premium in the future, and the investment will be considered a failure.
Chen Mo saw that Eric was confused for a moment, and said with a calm smile: "Mr. Eric, don't be too entangled. We have an old saying in Daxia that business cannot be done without justice. The price is indeed high. If it were me, I wouldn't You will be scared, but tt is really worth the price.”
Eric nodded: "Mr. Chen, frankly speaking, I have been investing for so many years, and your offer is the largest deal I have ever negotiated. Moreover, I have known Mocent Company in depth for a long time, ttI It has been used for at least two years. I think the valuation of 1 trillion is indeed a bit ridiculously high, and the initial investment of 2500 billion is even more fantasy!
I think that none of the four major investment banks in Hegemony can accept financing based on this valuation. "
Chen Mo smiled, the kind of smile that carried aloof confidence: "Mr. Eric, I have to correct the mistake in what you just said."
Eric frowned and looked at Chen Mo doubtfully, waiting for his next words.
Chen Mo smiled and said: "Whether it's a one trillion valuation or a 2500 billion ticket, that's the lowest number. You can understand me. The number I'm talking about is equivalent to the starting price at the auction.
Now, even if you directly give me 2500 billion, it is impossible for me to directly cooperate with Hongshan, because the price is... too high!Low!Got it! "
Eric felt the strong confidence in Chen Mo that was so crazy.
Does Chen Mo think that TT has such a high valuation?
Indeed, Chen Mo does have this confidence!
In the distant future, which of the three companies Pingguo, Guge, and Facecook will not be valued at 10,000 billion+?
Even though tt is just a subsidiary spun off from Mertex, it is where all the core businesses of Mertex are located, and it is closely integrated with Pingguo, Guge and Facecook.
To put it bluntly, even if TT is a lazy man, he can become a rich man if he is forcibly helped out of poverty by three trillionaires!
So Chen Mo doesn’t care at all whether Hongshan recognizes Chen Mo’s valuation. If you don’t recognize it, I will go to other investment banks and they won’t recognize it. I will invest by myself. The process of IPO in the middle will be very troublesome and will take a long time. .
Eric was unconvinced and said: "Mr. Chen, I can't agree with the number you said. It's too outrageous!"
Chen Mo laughed and said: "If you can't agree, then go back and wait patiently. I can tell you responsibly that every time, tt's valuation will increase! It is now 1 trillion, wait a few months tt The increase in new business will be 1 trillion. Wait another year or two, 5G will be popularized, and we will truly enter the Internet era. I won’t even talk to you about a valuation of 4 trillion!"
Chen Mo's words are very clear.
My company is very valuable, and it is already at the lowest price now!
At the same time, he also has a subtext: You can only lick your face and beg me for money, not him who lowers his head and begs you to invest!
Eric was extremely disgusted with Chen Mo!
This Chen Mo is simply a combination of youthful vigor and arrogance!
How dare a Daxia company dare to act so recklessly in a hegemonic country?
Throughout the decades since Hongshan Capital was established, no Daxia company or Daxia person dared to talk to him in this manner!
But Chen Mo was brave and confident to the core!
At the same time, Eric also knew very well that today's negotiation would definitely end in failure.
Chen Mo bit the 1 trillion valuation and 2500 billion admission tickets. He couldn't persuade him to lower the price, so he had no choice but to go back.
If the CEO and the board of directors are willing to change their minds and accept Chen Mo's offer, then the cooperation can proceed. Otherwise, the investment negotiation will fail.
In that case, unless Chen Mo hits a wall everywhere and can't get suitable investment, and then clearly understands the true value of TT, lowers his valuation, and then corrects his attitude to beg for himself and Hongshan, then there will be possible follow-up cooperation.
Eric was convinced that the result must be the second one!
With such a high price, Chen Mo will definitely hit a wall everywhere!
In the past two days, Chen Mo has been showing off in the same way.
In one day, all the top 20 investment banks in the country were offended.
Starting from 1 trillion, the admission ticket of 2500 billion can only be higher but not lower. You can only ask me to take the money without me bowing my head. All the venture capital investors think that Chen Mo is crazy and is simply too arrogant. , taking yourself too seriously.
After that, many venture capital investors came to the media to criticize Chen Mo: "The Godfather of the Internet? Ordinary and confident Daxia people came to the birthplace of the Internet to pretend to be x but were slapped in the face. Their excessive arrogance caused the hegemonic investment banks to stay away. Currently, all investment banks They all announced that they would no longer discuss financing with Chen Mo, and TT's separate IPO split is expected to be shelved indefinitely. This also taught Chen Mo a vivid lesson. In the Hegemony, it is absolutely impossible for a Daxia person to stand still and spend money. made money!"
