Chapter 94 – Invest in rice and deceive

"The development of smartphones is progressing rapidly, and it is expected to have a breakthrough within one or two years."

"The rise of mobile devices is a good entry point. Standalone games are often very inconvenient."

"We have advantages in technology, art, and other aspects. We can start with mobile games, establish a fan base, create virtual idols, and then expand into interactive media, online literature, digital music, and so on."

"The sinking of devices and the convenience of communication will actually deepen people's feelings of loneliness and solitude. Our goal is to provide a place for these lonely souls to settle."

The three of them took turns speaking, and the more they talked, the more mysterious it became.

This is reasonable, after all, they were competing for entrepreneurial funds with an agricultural company selling green-shell eggs and a medical company developing venous indwelling catheter sealing tubes two years ago.

If they couldn't boast well, they wouldn't even be able to get the initial startup capital of one hundred thousand yuan.

"Old Meng, don't worry, they have details and feelings when making games. I believe they will definitely achieve results." Tang Huang got deeply involved in the role and started persuading Meng Fanqi along with the three founders.

This made Cai Haoyu and the other three feel like they were in a dream, but they also felt something was strange.

But seeing Meng Fanqi's hesitant appearance, they felt it was understandable.

Cai Haoyu and the other three looked around their small workspace, which was really small and poor, and couldn't think of any place where the other party could trick them.

"You let me think about it for ten minutes." Meng Fanqi slowed down his attitude again and walked out alone.

From Cai Haoyu and the others' feelings, today's investment seems to come not from their expected capital.

Instead, it came from two young people with a solid background, and it seemed that the one in front of them, Tang Huang, forcefully brought Meng Fanqi here.

"Meng Fanqi, why does this name sound familiar?" Liu Wei had seen part of Baidu's press conference, but not in detail.

From the beginning, he vaguely felt that something was wrong. Where had he heard of this person?

"He's the one who provided Baidu with core testing technology." Tang Huang seized the opportunity and confidently said, "We are actually in the same industry, both programmers. The only difference is that we write AI algorithms, while you guys write games."

"He independently provided a world-class breakthrough for Baidu. Now that he has received dividends, he has too much money and nowhere to spend it. He came to me to ask for investment advice, so I brought him here."

As soon as they heard that they were both programmers, Cai Haoyu and Liu Wei suddenly felt much closer to the two of them.

After chatting with Tang Huang about the content of the second-dimensional and Mi Huyou games, Tang Huang responded fluently, completely dispelling Cai Haoyu and the others' wariness.

"My money is secondary. If you can really persuade Meng Fanqi to invest, it will also be very beneficial to your future plans for overseas development." Tang Huang said, taking out his phone and showing them a few photos.

Several of them were photos taken when Meng Fanqi was communicating with Jeff.

At the same time, there were also photos of high-level executives from Microsoft and IBM exchanging ideas with Meng Fanqi at an international computer vision conference.

Hinton's influence is more vertically radiated. He is a godfather-like figure in the field of AI, while Jeff's influence is more extensive.

For example, programmers like Cai Haoyu and the others had never heard of Hinton, but they immediately recognized Jeff, the man at the top of the programmer hierarchy.

"Jeff Dean? The legendary Google engineer who wrote large-scale data processing systems and distributed storage systems?"

"What? What's his relationship with Jeff?"

"I heard that having a meal with Jeff can triple your coding speed."

"He has already signed with Google Brain. He just signed a contract with Jeff a few days ago, but he didn't sign the 30 million dollar signing fee."

"Just the signing fee is 30 million dollars? And he didn't sign it?" Cai Haoyu and the others were amazed after hearing this. After all, they were all from Shanghai Jiao Tong University.

Since childhood, they have been considered prodigies in the field of computers. In 2009, the three of them participated in the technical innovation competition of the Institute of Computing Technology of the Chinese Academy of Sciences and won scholarships of several hundred thousand yuan.

Calculating their age at that time, it was similar to Meng Fanqi's age now.

But what happened? At this age, he directly went to negotiate a contract with Google's Jeff, and he didn't even sign the two hundred million yuan that was easily available.

To access the premium content, go to [ pawread dot com ].

"How did it end up being signed?" Liu Wei was very curious about this matter.

"It's a technology split. It's divided according to the influence of the technology and the income it brings." Tang Huang took this opportunity to get closer to the three of them, "Actually, your experience is similar to ours. There were opportunities to make money from legendary web games and Three Kingdoms games, but we didn't go for it. We firmly believe that our technology and ideas have greater value."

Cai Haoyu and the others were deeply moved after hearing this. They thought to themselves, "Wow, are we really that amazing? Why didn't we realize it before?"

They were even a little touched by what he said."The main reason I decided to invest is because you guys have your own persistence, and you didn't go for quick cash-in browser games." After Meng Fanqi came back, he no longer hesitated. He felt that he had hesitated enough, and to continue would be somewhat pretentious.

"The same goes for my field. Everyone is scrambling for technologies that can be quickly monetized. The number of people who are truly willing to settle down and make breakthroughs can be said to be very few." Meng Fanqi stared into Cai Haoyu's eyes as he spoke, knowing who the absolute core of the company was.

"I am willing to believe in people who stick to their technical ideas. Let's talk about the share."

"So far, we only have one angel investor, who holds fifteen percent. The rest of the shares are in our hands." Cai Haoyu stated his bottom line right from the start.

"In general, we three need to hold at least 51% of the company's effective shares. Also, if we are to raise funds, we need investors to sign an agreement. When their shares are transferred, we three have the absolute priority to buy back."

The core of these two matters was that Cai Haoyu hoped that the founding trio could always maintain control over the company's development path. Meng Fanqi had no objections to these two points.

"No problem. How about this, you keep 51% of the original shares of the company, the angel investor is diluted to 9% at the same ratio, and the two of us each hold 20% of Mi Huyou. But my part only needs dividend rights, the specific decision-making power is represented by CEO Cai. You guys name your price for this ratio."

It seemed that he only needed dividends, but in fact, Meng Fanqi could fully control the shares of Tang Huang.

In this way, Mi Huyou could be enticed to give up more shares.

Meng Fanqi's strategy was very precise, striking Cai Haoyu at his most vulnerable point.

Although the proportion of dividends was reduced from 85 to 51 due to financing, the decision-making power was only reduced from 85 to 71, which was even less than the last financing.

Originally, the founders divided 85% of the decision-making power in a 41+22+22 ratio, but now it has changed to 25(+20)+13+13.

Cai Haoyu's decision-making power did not decrease but increased. As before, he only needed to ally with any one shareholder, and the proportion of decision-making power could exceed 50%.

Get the PawRead app for ad-free reading

Comments0

Maximum number of guest chapters reached

Hello, Dear Reader.

We hope you are enjoying your reading experience in PawRead!

Anonymous users can read up to 10 chapters.

After that number, PawRead continues to be free for everyone, but we require readers to register an account.

To continue reading your favourite web novels, please create a free account, or log in if you already have one.

Sign Up LOGIN
Loading...