When Academician Pan took out two application forms, Xu Yun and Zheng Zu quickly understood the cause and effect:

Before today's three-party... or should I say four-party meeting, Tian Liangwei and Academician Pan had already prepared everything!

Although the commercial prospects of the fifth-generation pyrimidine insecticide were very attractive, it was ultimately just a type of biological pesticide and could not reach the level of Lipitor, ibuprofen, or the blue pill.

Therefore, for Zheng Zu, the secretary-general of this new venture capital fund, to personally come forward was already quite prestigious.

Eight million in cash flow plus additional items, accounting for 43%.

In other words, the valuation of Xu Yun's company by the new venture capital fund was approximately around 18 million.

As a science and technology fund of a university, the specific definition of the links involved was actually quite vague.

But generally, it was either VC or angel investment, occasionally with a few A rounds and fewer B rounds.

Xu Yun's current situation could be considered between angel investment and A round, after all, he had not yet produced any commercialized products.

Theft is never good, try looking at bit.ly/3iBfjkV.

What does it mean for this round of valuation to be 20 million Chinese currency?

Let's give an example.

In 2012, a certain company only received 300,000 US dollars in angel investment, and in 2013, they received a few million US dollars in A round, led by Sequoia Capital and IDG Capital.

And what was the peak market value of that company when it went public?

1.2 trillion Hong Kong dollars! (Of course, it has now fallen to 300 billion)

Similarly, Bilibili received a similar amount of financing in 2013, in the million-dollar range.

For example, there is a project called SpringWorks Therapeutics that is somewhat similar to pyrimidine insecticide, also in the field of biomedicine.

Among them, there is a γ-secretase inhibitor called nirogacestat, which has obtained orphan drug qualification for the treatment of fibrous tumors and has an A round valuation of only 600,000 US dollars.

So, even for an A round, the valuation given by the new venture capital fund is definitely not low.

However, although the new venture capital fund attaches importance to it, it does not solely represent the interests of the University of Science and Technology. This matter has been introduced before and will not be repeated.

Considering that if Xu Yun were to simply invest based on his technology, the shareholding would inevitably have an upper limit that did not meet his expectations. Therefore, Academician Pan, who learned about the relevant situation as the Vice President of the University of Science and Technology, prepared this backup plan with Tian Liangwei.

You thought Xu Yun didn't have any cash flow?

Well, now he does. You can't stop him from investing anymore, can you?

"Academician Pan, Academician Pan..."

In the office, Zheng Zu, who had figured out the cause and effect, remained silent for a long time, and finally sighed:

"You really care about your student.

A 500,000 yuan entrepreneurial support from both academies, the last time our school had such treatment was with that Pang Shen from the School of Mathematics, right?"

Academician Pan casually flicked his sparse hair on his forehead. He was actually someone who loved washing his hair, but for some reason, his hair always felt greasy and limp:

"Both have a GPA of 4.3. If Xiao Pang can get support from both academies, why can't Xiao Xu?

Secretary-General Zheng, you should also understand.

This kind of multi-level entrepreneurial support is not something that can be approved just by me and Academician Tian. It also takes some ability to be recognized by everyone."

Tian Liangwei, who was on the side, nodded in agreement with Academician Pan's words.

Just as Academician Pan said.

Personally contributing 500,000 yuan and getting 500,000 yuan approved by the academy were completely different matters.

Both he and Tian Liangwei had their own industries, and the annual patent royalties they received were quite substantial. It was not difficult for them to each lend 500,000 yuan to Xu Yun.

But in doing so, it could bring unnecessary trouble to Xu Yun.

There were concerns in terms of language and political review.

But the support from the academy was different. It represented that Xu Yun had obtained support from the academy through his own efforts.

The origin of the money was clear and there were no tricks involved. Even if others wanted to conspire, they couldn't. At most, they could only say that he had a good teacher.

Then Zheng Zu looked up at the people present and suddenly felt a sense of powerlessness, as if a weak woman was fighting against three strong and hard men... Ahem, the feeling of being unable to resist like Lu Bu fighting against the Three Heroes:

"Since that's the case, Academician Pan, Academician Tian, Dr. Xu, let's discuss the issue of equity distribution in detail."

As soon as Zheng Zu finished speaking, Academician Pan crossed his legs:

"Secretary-General Zheng, the School of Physics has one requirement, the shareholding ratio should be the same as the School of Life Sciences, and in addition, if money is needed, we will provide money, if resources are needed, we will provide resources."

"..."

Academician Pan's words sounded casual, but Zheng Zu's head instantly became big:

"Academician Pan, isn't this requirement a bit too..."

"This is the unanimous opinion of the leaders of the School of Physics before I came here. President Shen and Academician Ouyang also have this attitude."

Zheng Zu: "..."

Little-known fact.

The University of Science and Technology is a university that is heavily focused on science and technology.

For example, in the results of the fourth round of national discipline assessment, the score for humanities and social sciences at the University of Science and Technology was only a C, while physics was on par with Yan University as the only two A+ disciplines in China.

This was also reflected in the school's recruitment advertisements:

The recruitment advertisements of other universities such as Zhejiang University, Renmin University, and Shanghai Jiao Tong University featured pure and beautiful female students, while only the University of Science and Technology had two dogs running in the snow...

Currently, the School of Physics at the University of Science and Technology had a total of 17 academicians and over 200 senior professors. Among them, President Shen and Academician Ouyang, mentioned by Academician Pan, were authoritative representatives.

Therefore, when Zheng Zu suddenly heard these two names, he immediately became disheartened:

"This... this... well, let's go with your opinion."

As the saying goes, it is better to pursue the remaining courage and chase the poor enemy. Seeing this situation, Tian Liangwei quickly followed up:

"Also, regarding Xu's shareholding, Secretary-General Zheng, how much do you think he should have for this 1 million yuan cash flow investment?"Seeing that the two academic leaders were clearly supporting Xu Yun, Zheng Zu had to put away his unrealistic ideas and thought carefully before saying:

"Academician Tian, Academician Pan.

The valuation of Dr. Xu's product by the fund is around 18 million yuan, with 1 million yuan in cash flow, which is 5.555%... let's make it 5.6%.

Including the previous 28%, theoretically it is a 33.6% share..."

Tian Liangwei nodded slightly and turned to Xu Yun:

"Xiao Xu, what do you think?"

Xu Yun remained silent for a few seconds and said:

"I have no objection to the cash proportion, but I can't accept the proportion of technical shares. The two combined should be at least 40%."

"Dr. Xu, this is really difficult..."

Faced with Xu Yun's request, Zheng Zu rubbed his temples helplessly, then looked around cautiously and lowered his voice:

"At this point, I'll be honest.

You should all know that although our fund has relatively independent authority, we still have to be responsible to the Academy.

The recent incident involving the Mu family had a big impact, so now we have certain restrictions on mergers and investments. It's not that I'm deliberately holding back these points, it's just the current situation..."

Tian Liangwei blinked:

"Which Mu family?"

Zheng Zu shrugged and said straightforwardly:

"Which one do you think? The one related to computers."

Tian Liangwei's face suddenly showed realization as he turned to Academician Pan.

Academician Pan nodded knowingly and said:

"Secretary Zheng is telling the truth. Xiao Xu, Secretary Zheng, how about we all compromise?

I'll propose a number: 38% for Xiao Xu, with AB shares and a slight reduction in employee stock options. Secretary Zheng should be able to agree to that."

Zheng Zu pursed his lips and quickly calculated in his mind.

After a few seconds, he took a deep breath and said:

"No problem, let's go with what Academician Pan said."

38% was slightly different from Xu Yun's initial 40%, but it was much better than the original 23%.

Xu Yun was not someone who lacked bargaining power. With AB shares in hand, he firmly held the decision-making power of the company. This was undoubtedly the best outcome:

"I have no problem either, let's sign the contract."

At this point, the issue of cooperation was settled. Zheng Zu reported the situation back to the foundation, and as long as the chairman of the foundation approved it publicly, the agreement could be formally signed.

While waiting for the reply, Zheng Zu, who had relieved some pressure, couldn't help but chat with the others:

"By the way, Dr. Xu, do you have any ideas for the company's name?"

Xu Yun nodded:

"I do have an idea..."

"Oh? What is it?"

"A Lanting Extermination. What do you think?"

After a moment, the office erupted with three simultaneous angry shouts:

"Aren't you afraid of being beaten to death by readers?"

.......