Reinventing the Millennium.

Chapter 128 Bet
Yu Hong got into the car where her uncle and younger brother came to pick her up, but the chat atmosphere was a bit strange.

"Dahong, you said you are doing the Internet now?"

"Ah."

"What exactly?"

"Medical registration."

"Then what is the relationship between your company and Sequoia? Why did the vice president come to pick him up?"

Yu Hong had known his uncle Li Bintao's habits for a long time, and replied solemnly: "My boss is the president. Isn't it normal for a vice president to be followed by a president?"

Li Bintao stopped talking.

However, after two traffic lights, he couldn't help asking: "Sequoia is engaged in investment, has it invested in your company?"

"Well, I voted for 200 million." Yu Hong hesitated for a moment, and almost said the number was a few million vaguely. She felt that her impulse must be influenced by Fang Zhuo, and that guy always fooled people like this.

Li Bintao was quiet for two seconds, and exclaimed, "Then your company must have a valuation of tens of millions!"

Yu Hong imitated Fang Zhuo's tone and replied: "The market can't do it, and the valuation is just waste paper."

Li Bintao felt unexplainably awkward driving the car, and he was quiet for a while before asking: "That young man, just your boss, who is he? So young, is his family rich?"

Yu Hai, a high school student in the co-pilot, endured halfway, and finally said, "Uncle! Why do you keep asking others?!"

"Just asking." Li Bintao said displeased, "Look at others, and then look at you, they are not at the same level, learn more!"

Yu Hai pointed it out: "You didn't even pick up the business card!"

Li Bintao explained: "I didn't have time. I was thinking that your sister friend is quite a talent. Da Hai, I have to tell your mother when I go back, you ask whether a man is a boyfriend in front of others, no wonder your sister says you are ashamed .”

Yu Hai: "..."

Li Bintao taught his nephew a lesson, and then asked, "Dahong, do you have any shares?"

Yu Hong told a little lie calmly: "No, I'll just work as soon as possible."

"That's right." Li Bintao was not too surprised, thought for a while, and said, "When you get home, tell us about your company and your boss in detail, and I'll see if there is anything we can cooperate with."

Yu Hong vomited in her heart, why cooperate?Can I send a small leather bag with registered mail?
……

In the Mercedes-Benz on the other side, Zheng Lang casually asked about the situation.

"Is President Yu coming to Shanghai to visit relatives?"

"Yes, Happy New Year." Fang Zhuo smiled, "Everyone has been busy recently, and we only have some free time as the Spring Festival approaches."

Zheng Lang nodded slightly, and praised: "Guahao.com is progressing faster than I imagined, and Lin'an Hospital is going online very well."

"As long as the hospital goes online quickly, there is still a lot of room for publicity. We used five newspapers for a unified advertisement on New Year's Day." Fang Zhuo talked eloquently, "The portal website Advertising cooperation is also being done step by step, the commercials of TV stations will be filmed and released after the Chinese New Year.”

Zheng Lang commented: "Propaganda is time-consuming and labor-intensive."

Fang Zhuo nodded: "It also costs money."

"Well, Mr. Fang is asking me for money this trip?" Zheng Lang laughed.

"Boss Zheng is both a senior and an elder, shouldn't he give red envelopes for New Year's greetings?" Fang Zhuo joked.

"Boss Fang makes sense." Zheng Lang thought it was interesting, and continued using the joke, "Can we start charging this year? In that case, Sequoia will get a big red envelope."

This is the basic judgment of Sequoia's willingness to invest money.

Fang Zhuo said with an unchanged expression: "It depends on the situation. Our plan for this year is to bring the registration network to Shanghai. When Shencheng becomes familiar with it, I think we can try charging and see how the market reacts."

Zheng Lang asked: "Is Shencheng's development before or after the first round?"

"Before one round." Fang Zhuo gave a positive tone, "Should win Shencheng, should we be able to raise more money?"

"That's natural, but you can also consider financing first. I think the land of the two provinces is large enough to test whether the charging model is stable and mature." Zheng Lang made a small comment.

Fang Zhuo returned with a thoughtful expression, he knew what the vice president was thinking.

Previously, Sequoia’s angel round investment contract had the priority of the first round of financing. If it really wanted to raise the first round, Zheng Lang would definitely want to see more clearly whether the registration network can have success expectations.

However, this designation cannot be shown to him.

Fang Zhuo said slowly: "Mr. Zheng, judging from my work and contacts, the land in the two provinces is not enough. What we have to do now is to enclose the land. The more we occupy the market, the more Strong pricing."

Zheng Lang shook his head, and retorted: "You can do a small-scale experiment first."

"Hey, you investors." Fang Zhuo changed his expression with a smile that was not a smile, and criticized in a mocking way, "I always feel that I understand the development of the industry better than entrepreneurs."

These words were a little harsh, but the young man's tone was very natural.

Therefore, Zheng Lang was not angry.

Instead, he argued with great interest: "We have contacted many companies and industries, and many things actually have something in common. Listen to people's advice and eat well."

"I heard that IDG and Li Zekai are going to sell their shares in Penguin." Fang Zhuo talked with an example that would surely become famous, "What do you think about Penguin's development?"

"It's a bottomless pit of burning money." Zheng Lang said a consensus in the industry, "Those two companies gave Penguin almost 2000 million, and it took Penguin more than a year to burn almost the same amount, and there is no sign of profit at all. .”

Fang Zhuo said calmly: "But I heard from Ma Huateng that their Penguin users exceeded 2000 million this year, oh no, last year, that is, in the fourth quarter of [-]. This is the result of burning money. It's not burnt in vain."

"It can't make a profit, this number is very floating." Zheng Lang commented.

"Things come step by step. Penguin has already exchanged money for traffic. This is the acquisition stage. Its next effort is how to use traffic. How can venture capital only focus on the present and not the future?" Fang Zhuo said lightly. Said, "If I were you, I would go to Li Zekai immediately and buy the penguin shares in his hand."

Zheng Lang said disapprovingly: "It's not that you don't look at the future, it's that there is no future without a stable profit model."

As the senior vice president of Sequoia Capital, Zheng Lang is undoubtedly a successful person.

He succeeded by relying on his past experience, so he naturally had confidence in his own judgment. How could he make an important decision based on Fang Zhuo's words.

"The profit model needs to be explored, especially for the Internet. President Zheng and Penguin have such a large amount of traffic. Once they find a way to make money, their value will rapidly inflate." Fang Zhuo said, "I read in the middle of last month that Penguin got through In addition to the cooperation with China Unicom, the phone bill is used as the payment entrance for the business.”

Zheng Lang still didn't care: "You really care about the penguins."

"That's it, Mr. Zheng, let me make a bet with you." Fang Zhuo raised his index finger, "This cooperation between Penguin and China Unicom will release its vitality this year, and its shares in IDG and Li Zekai will be sold at a good price .”

"What's the bet?" Zheng Lang thought it was funny, the young CEO didn't let the venture capital advise him, but instead started to advise the venture capital business.

"The price of the first round of financing is not easy to gamble on. Well, didn't Mr. Zheng say last time that VCs will invest in people in the end? Just bet on whether I'm worth the investment, just to verify whether VCs understand the industry better than entrepreneurs " Fang Zhuo said calmly.

"Mr. Fang came prepared." Zheng Lang smiled, "Venture investment is gambling, and I like gambling too. I gamble."

　Just got home, eat a meal and continue coding.

　　
　
(End of this chapter)