"Twenty million US dollars, exchange for 20% of the equity?" Wang Liu frowned slightly, looked at Zhou Zhixiong, and said indifferently: "So, Mr. Zhou's valuation for Tiansheng is 100 million US dollars?"

"Yes." Zhou Zhixiong said bluntly: "According to Mr. Wang, Tiansheng's fee-based operation for one month has a gross profit of more than 20 million yuan, and that year's profit was about 300 million yuan.

If we use profits to estimate, it is generally believed that a company's valuation is more reasonable at three to ten times its annual profit.

Considering that Tiansheng has just started, it is still unknown whether it can continue to make profits in the future, and there are still many uncertainties in the future. I think it is most appropriate to choose three times the annual profit to calculate Tiansheng's valuation.

Currently, the Sino-US exchange rate is 1. It is quite appropriate for me to give Tiansheng a valuation of 100 million US dollars. Mr. Wang, what do you think?"

I said?

I said it's appropriate for you sister!

If you want to lower the price, just say it. If you have to do it one by one, I don’t understand if I bully it?

Wang Liu secretly despised him and retorted: "I don't think so. Tiansheng is indeed just starting out, but this should not be a reason to be underestimated.

On the contrary, it is precisely because Tiansheng has just started that it should be overrated.

The company was established for more than three months, with an initial investment cost of more than 10 million yuan. Now it has just started charging fees, and earned more than 40 million yuan in the first month. Not only did it recover all costs, it also achieved a gross profit of more than 20 million yuan. Has Mr. Zhou seen such a startup company?

There are many uncertainties in the future, but it is not whether it can continue to make profits, but how much growth can be achieved.

The current registered players of "Legend" are 8 million, and the number of online users is 400,000 at the same time. I don't need to say that Mr. Zhou should also know how many people there are.

There is still room for growth for more than one billion people in the future, but Mr. Zhou only gave Tiansheng three times the coefficient, which is a bit too underestimated."

Zhou Zhixiong was speechless when he was criticized. He smiled dryly, looked at Wang Liu and asked intently: "So, according to Mr. Wang's meaning, how much valuation should you give Tiansheng?"

"Simple, 40 million US dollars, I can consider selling 10% of Mr. Zhou's shares." Wang Liu said lightly.

Forty million US dollars, 10% of the shares, the valuation is 400 million yuan, which is about 3.3 billion yuan.

A startup company has only been established for more than three months and is waiting to use money. If he can sell it at this valuation, he will be able to accept it.

"Impossible!" Zhou Zhixiong laughed in silence and refused: "The domestic population is quite large, but it does not mean that these people will come to play games. There is no possibility of a growth of dozens or hundreds of times.

Even if it increases by three or five times, it will not be completed in one or two years.

Mr. Wang wants to exchange 10% of his shares for 40 million US dollars, and the total valuation is 400 million yuan. In terms of conversion, it is equivalent to more than 3 billion yuan, which is ten times the current annual profit of Tiansheng. The premium is too high, which is unrealistic."

"I have opened the price. If Mr. Zhou cannot accept it, then I can only express regret. Tiansheng's current profit is good and the funds are abundant. It is not necessary to raise funds. I am very happy to know Mr. Zhou today, but I will cooperate. I will wait until the next time I have the chance." Wang Liu stood up and stretched out his hand and directly saw the guests off.

Generally speaking, investors are on the strong side in investment activities, but now Zhou Zhixiong takes the initiative to come to the door. Wang Liu has the right to speak in negotiations. Even if he is waiting to use money, he has to stretch it out now and cannot show his fear.

Let’s talk about it next time, it means I won’t talk about it anymore.

It is normal to bargain at the negotiating table, but if you can't agree, just turn the table up and then just turn it up.

Zhou Zhixiong was immediately in a dilemma. To be fair, he was indeed optimistic about Tiansheng. If possible, he really wanted to invest, otherwise he would not have come to him in person.

But the valuation of 400 million US dollars is indeed a bit beyond his expectations, especially Wang Liu's attitude is still so tough. The idea of ​​his attempt to find a vacant in the early stage of Tiansheng is probably not feasible.

After pondering for a moment, Zhou Zhixiong laughed dryly and said, "Mr. Wang, sit first, don't be so anxious. We can discuss the price again.

I estimate it to be 100 million US dollars. Mr. Wang thinks it is less, Mr. Wang’s share price is 400 million US dollars, and I think it is more. Since we can’t communicate, how about we just bet?”

"Gambling?" Wang Liu glanced at him, narrowed his eyes slightly, and said, "What kind of gambling Mr. Zhou wants?"

"It's very simple. I can exchange 40 million US dollars for 10% of Tiansheng's equity according to the conditions offered by Mr. Wang, but Mr. Wang also has to produce corresponding results.

It is May now, and there are still seven months left by the end of the year. Based on Tiansheng's current monthly gross profit of more than 20 million, by the end of the year, the profit should reach 150 million.

But since Mr. Wang is so optimistic about Tiansheng, his profits should also increase appropriately. I won’t ask for more in the first year, and it’s enough to make a profit of 200 million by the end of the year.

But the performance will double next year and will double the year after.

In other words, by the year after, Tiansheng's profit will reach 800 million yuan. If it is done, the investment agreement will be based on the price offered by Mr. Wang, forty million US dollars, and I will buy 10% of Tiansheng's equity.

But if I can't do it, I have to pay the price I offer, 20 million US dollars, I want 20% of the shares, Mr. Wang has to make up for the missing shares, and Mr. Wang has to refund the extra funds.

It doesn't matter if you don't have money to give it, you can use the shares to top it up. Forty million US dollars, I want a total of 40% of the equity. How does Mr. Wang feel?" Zhou Zhixiong looked at Wang Liu and asked with a smile.

Using betting to maximize returns is also a routine trick for investors.

If the performance is achieved, the company's valuation will increase and the value of the equity he buys will increase.

If it cannot be done, it doesn’t matter. If you win the shares, the value of the total equity he holds will also increase.

He is not losing money at all times and has the potential to contribute to investment, so why not do it?

Want to provoke me?

Wang Liu narrowed his eyes slightly, looked at Zhou Zhixiong, and chuckled, "It sounds pretty good, but the bet is a bit too small. Since we are all betting, how about we have a big game?"

Um?

Performance has doubled year by year, and it is still small to block tens of millions of dollars?

How big do you want to be?

Zhou Zhixiong was stunned and asked solemnly: "What kind of gambling Mr. Wang wants?"

Wang Liu smiled faintly and said, "It's simple, the performance is just too little. I can double it again. The profit will reach 400 million by the end of this year, 800 million next year, and 1.6 billion next year.

If I do it, Mr. Zhou will have to halve the shares he receives accordingly, forty million US dollars, and he can only get 5% of the shares."

"What if it can't be done?" Zhou Zhixiong's heart jumped and asked in a deep voice.
Chapter completed!