At one o'clock in the afternoon.
" Chuyang, President Li and President Wang are here." Wei Chuyang, who was looking at the data, was interrupted by Wei Baitong.
He looked up and saw Li Baidu walking in with a woman in her thirties behind him.
" Hey, Brother Li, why didn't you tell me you were coming? I could have picked you up." Ever since the last call, Li Baidu hadn't contacted Wei Chuyang.
" What are you talking about? It's just two steps away. We'll be there after a walk after dinner. I happened to bump into Bai Tong downstairs, so I came straight up. This is Wang Mengqiu from Baidu's search department," Li Baidu introduced.
" Sister Qiu, hello. I'm Wei Chuyang. Sit here." Wei Chuyang came to Wang Mengqiu and shook her hand.
" Hello, CEO Wei. I've often heard CEO Li mention it. Today, I've finally seen a hero emerge from a young age," Wang Mengqiu said politely.
" Sister Qiu, just call me Chuyang or Xiaoyang like Brother Li. I'm a young hero and I'm just fooling around." Wei Chuyang poured tea for the two of them.
" Little Yang, it's only been three months since we first met. Your company has developed in less than a month. It seems like it was the right decision for Little Tong to come over. However, Little Yang, you're too unkind. You've poached two of our Baidu people," Li Baidu joked and sighed. It was a miracle. If he hadn't seen it with his own eyes, he wouldn't have believed it.
" I have to thank President Li for his recommendation. If it weren't for President Li, I wouldn't have met Little Yang," Wei Botong said with an embarrassed expression.
" Brother Li, you're overpraising me. Internet companies can rise and fall in an instant. No one can guarantee that they'll have a smooth future." Wei Chuyang was also embarrassed. He had been reborn, but those were all his inner thoughts. On the surface, he was smiling and unmoved. He avoided talking about poaching people and humbly said something else.
" Little Yang, your sense of crisis is very strong. You're right. The internet industry is the most dangerous industry, but it's also a winner-takes-all industry. Your Bilin Network will have no rivals in the Social networks field other than QQ," Wang Mengqiu praised.
"I think you're doing quite well. You're the richest start-up company I've ever seen. You give out bonuses just like that.”，Li Baidu had also seen the post." I came here today on a mission."
"Brother Li, Sister Qiu, you guys definitely didn't come here to chat and drink tea with me. Do you want to invest?”
Seeing the other party nod, Wei Chuyang continued,"" Then I'll first mention my three prerequisites. The first is that the valuation of Bilin Net is 1 billion USD, and I'll only raise 10% of the shares. Of which, 8% is for financing, and 2% is for me to cash out. Of course, if you have any objections to cash out, you can sign a contract. Next year, if the number of users of Bilin Net does not reach 100 million, I'll return all of them. If you don't agree, then I won't raise funds."
"The second is that our employee option pool accounts for 30%, and each time we raise funds, both of us will split the money."
"The third reason is that our music and videos are already operated independently. They are in a cooperative relationship with Lin Lin. The videos are nothing at the moment, but our Wutong Music Platform currently has exclusive copyrights to more than one million songs from three well-known music record companies for a 20-year period. We will sign contracts with other music companies one after another.
We're not going to beat around the bush. Our Sycamore Music Platform is currently operating on a fee-paying basis. For the time being, there's no income and we might even lose money. However, in the future, this platform will be worth tens of billions. Now, I'm valuing it at 100 million USD. My idea is that after the financing, Linlin will invest 10% in Sycamore. What do you think? Do you want to invest or maintain the original partnership? If they wanted to invest, they had to tell them that they weren't fools. They wouldn't let you use the money to support the music platform and go independent in the end. That was illegal.
" Let's do as you say for music and video. Your vision is really far-sighted. 20 years of exclusive copyright. In the future, when the copyright awareness market improves and the Parasol Tree family becomes the sole owner, how are the others going to play?" Baidu Music used to be a pirated company. It gave up on pirated products in order to get listed. He also knew how deep the water was. Paying for operations was not a clear way. Some music platforms were now suffering serious losses.
" I also agree to your plan of cashing out 2% of the money, but Little Yang, our Baidu's valuation is 100 million USD compared to the neighboring network. If you agree, we can invest now," Li Baidu said after thinking about it.
" Sister Tong, go get my laptop and let the two CEOs see our statistics. Seeing is believing. It's not confidential data," Wei Chuyang said.
Wei Baitong stood up and placed the laptop on the coffee table. Wei Chuyang opened the statistics page and said," Brother Li, Sister Qiu, take a look."
On it were various statistics and a linear table. The user growth trend was shown in units of hours.
" Did you see that? The rate of growth is terrifying. We haven't even started our offline promotion yet. School will start in two days. I'm still very confident that we can harvest 10 million users when we officially start our campus promotion. Come, Sister Qiu, have some tea. This is the best Tieguanyin."
Wei Chuyang continued the tea ceremony for Wang Mengqiu.
" We have 12 million users now, and 500,000 top-up members. With these members, we have a minimum profit of 5 million yuan every month. Our virtual gift box was launched yesterday, and so far, we have earned 200,000 yuan in revenue. There will be more in the future, and we will also insert advertisements."
" Let's take a look at the linear trend of user growth. We haven't fully utilized the effects of video marketing and word-of-mouth promotion. Once this is absorbed, it won't be a big problem to absorb another 10 to 20 million users."
"As you can see, we have launched a public homepage for some public figures and organizations. We have already signed contracts with several music companies, and their artists will be joining our Bilin Network. This wave of celebrities will bring their own fans, which are nuclear bomb level. Just like me, 80% of the first one million users are my fans."
" With all this, it shouldn't be a problem for the number of users to break through the 100 million mark by the end of the year. At that time, it shouldn't be too much to estimate a valuation of 2 billion USD, right?"
Wei Chuyang rattled on and on.
Li Baidu and Wang Mengqiu felt a headache when they heard this. They thought that the data was too amazing. Just these members could support the neighboring network. It was difficult to negotiate.
" According to this kid, it's not impossible to break through 100 million users by the end of the year, but if this continues, there's a high possibility of breaking through 100 million users by this time next year," Li Baidu thought to himself. He understood Wei Chuyang's way of doing things. He was straightforward and firm. From his confident attitude, he was not far off.
"Little Yang, aren't you being too optimistic? Isn't it a little too much to break through 100 million users by the end of the year?”，Wang Mengqiu had a look of disbelief on her face. She felt that according to Wei Chuyang's plan, it should not be a problem to break through 50 million. However, 100 million was a little too much.
" Sister Qiu, you don't understand me. Yes, you don't understand my brain, and you don't understand the plan of the neighboring network. It's normal to think that this number is too much. If it was anyone else who heard it, they would also think that 100 million is impossible, but I'm Wei Chuyang." Wei Chuyang subconsciously put on a show.
Ignoring Wang Mengqiu's disdainful expression, he continued,"" Don't look at me just because I'm young, but I've never fought a battle without preparation. In the social field, QQ is instant messaging. We don't have any social connections, so there's no competition yet. The QQ Space under its name hasn't been transformed into a Social networks yet. It's just a QQ show. The social attributes haven't been fully utilized yet. QQ Space is also different from us. We're a real-name social network. We're more advanced, faster, and more innovative than her. Therefore, Koukou Space wouldn't bend and overtake us, so they could only eat our dust. The same goes for the others of the same kind. They weren't worth mentioning.”
"Brother Li, Sister Qiu, our next plan is to launch a comprehensive promotion model in all major colleges and universities. Then, we will enter the middle and high schools and set up bursaries and scholarship funds. Think about it, thousands of student resources will flow in endlessly, sending new users every year. In this way, the platform will become a social media platform, not just a social media platform. Therefore, the valuation of one billion US dollars is inflated, but it will only take a few months to surpass this height. It is not a loss at all."
Wei Chuyang told Li Baidu and Wang Mengqiu about the next step of his plan. With the development of Bilin Network, Wei Chuyang's plan to promote it on campus had gradually become secondary. Now, most of the users of Bilin Network were white-collar workers, and students still accounted for a small portion. Of course, he would not give up on student users. He would also promote it in schools.
Wei Baitong looked at Wei Chuyang who was intoxicated and turned around, not daring to look at Li Baidu and Wang Mengqiu. He felt a little embarrassed.
Li Baidu pondered for a moment, then raised his head and said,""Little Yang, this one billion USD valuation is really a little too high. If I can't pass it, the Baidu board of directors definitely can't pass it either. I can give you a valuation of 500 million USD. I agree to all of your other conditions. Besides, our Baidu will give the greatest support to Bilin. With money, you can promote it faster. Face has been promoted to universities all over the world. I think your model is similar. At least in the Asian market, we can promote it first. I only have one condition. In the future financing, our Baidu must give priority and not less than 30% of the shares. Of course, This share is the result of multiple rounds of financing."
Li Baidu decided to invest. He felt that investing was investing in people. During this period of time, Wei Chuyang had grown from nothing to something, and he could see his ability. However, they only gave a valuation of 500 million USD.
Wei Chuyang listened to Li Baidu's words and thought about it seriously for a while. His one billion valuation was only his most ideal and extravagant situation. He thought about it from the perspective of other investors. If it was him, he wouldn't be so stupid to think that the current Bilin Network was worth one billion.
They were mortals, not reincarnators, so they didn't know the value of Bilin. However, Wei Chuyang didn't have the time to slowly accumulate and develop. He needed money, funding, and partners. The truth was to grow and expand. He had to extinguish the fire of all the potential entrepreneurs and let them see that Bilin had grown big. It was futile for him to do anything else.
" Okay, but the funds have to be transferred in one go." Wei Chuyang finally nodded in agreement.
"Happy cooperation!"
"Happy cooperation!"
Everyone shook hands and the cooperation was finalized. Bilin would receive 40 million USD, and Wei Chuyang would receive 10 million USD.
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This book comes from：m.funovel.com。