You call this entrepreneurship?

Chapter 312 Equity Competition
The next day, Yao Le woke up from a hangover and rubbed his aching forehead, his mind still a little fuzzy.

After taking a long break, Yao Le reached out for a bottle of water, unscrewed the lid and took a big sip.

Then I looked up and found that it was almost noon, and I was suddenly awakened.

Alas, Yao Le, oh Yao Le, you can’t continue to degenerate like this, you still have important things to do.

Yao Le quickly searched for his clothes, but couldn't find it. He quickly jumped out of bed and started looking for it.

After looking around, I only saw a new set of clothes on the table, and the label on it hadn't been cut off yet.

And the wallet and mobile phone are right next to it.

Yao Le rushed over and grabbed the phone, but found that it had been turned off. He pressed the power button hard but it wouldn't turn on. He began to panic.

I reached for my wallet again and found it was wet and the money inside was soaked with water.

Yao Le was completely confused. What happened?
When he put on his new clothes and left the room, he ran into Song Daorong.

"Boss Song." Yao Le walked over anxiously, "What happened yesterday? My clothes..."

"Alas." Song Daorong smiled, "Xiao Yao, there's nothing I can do. You drank too much last night, and when I was returning to the hotel with my assistant, you accidentally fell into the fountain and got soaked all over."

"I asked someone to buy you a new set of clothes, and I asked the hotel to wash your clothes."

"Ah?!" Yao Le was confused. He fell into the fountain after drinking too much last night. How come he had no memory of it?
Song Daorong asked with concern: "What's wrong? Did you lose something? I remember I found your wallet for you."

"It's not about the money." Yao Le said anxiously, "It's my cell phone."

"Oh, the phone is probably soaked in water." Song Daorong said casually, "It's okay, Xiao Wang, bring my spare phone over and give it to Boss Yao."

The assistant then pulled out a golden mobile phone from his briefcase, a Nokia 8800.

"This..." Yao Le was a little embarrassed, "How can this be so embarrassing?"

His own cell phone is only worth over 8800 yuan, while this other person's phone is worth yuan.

"It's just a cell phone, take it, don't delay your business." Song Daorong said nonchalantly.

Yao Le quickly took the phone, removed the SIM card from his own phone and inserted it into the new phone, then began to look through the address book.

"Hey, why can't I get through?" Yao Le tried again and again, and finally found that the SIM card seemed to be broken.

Yao Le was stunned. He had agreed to meet with Chief Editor Liu of Xiangnan TV today. What should he do if he couldn't get in touch with him now?
……

Editor-in-Chief Liu glanced at the fee on the table, his eyes full of surprise, "Qvod acquired PP?"

"We have acquired it. Now we are a company." Liu Yuanrui said with a smile, "They are just a small company with few staff and equipment. It is difficult for them to achieve great things. Only by joining the big platform of Qvod can they develop better."

Editor-in-Chief Liu looked at the fee and thought, "Then you guys will be doing the network broadcasting project?"

"No." Liu Yuanrui explained, "They are still responsible for this project. We hired them here just for this project."

"They just changed the company. The original procedures and who should do it have not changed. It's just that the name of the company they signed the contract with is different."

Editor-in-Chief Liu smiled and said, "So that's how it is. After all the fuss, they just changed the brand."

For Editor-in-Chief Liu, the current situation couldn't be better.

Anyway, the message from above is to give the project to Yao Le and his team. No matter whether they are called PP Company or Kuaibo Company, as long as the people are the same.

After signing the contract with Kuaibo, I can get the writing fee and it won’t go against the above meaning. It’s a win-win situation for all parties.

Editor-in-Chief Liu swept the table clean without leaving any trace, "Then let's sign the contract quickly and settle this matter as soon as possible."

The 2005 Super Girl contest started its auditions in March. It is already June now and three out of the five singing areas have completed the finals.

The national finals will begin in mid-July and will be broadcast live nationwide on Shonan TV.

If we don't hurry up and delay for ten days or half a month, it will be too late.

Liu Yuanrui was overjoyed when he heard this. "Thank you very much, Editor-in-Chief Liu. I wish us a pleasant cooperation!"

Turning around, Liu Yuanrui picked up his phone and called Qin Shaoyan, "Boss Qin, I've taken over Xiangnan TV!"

"Hmm?" Qin Shaoyan was a little confused. "What did you take down? What did you do?"

"We have already taken care of the Super Boy and Girl and the live streaming thing!" Liu Yuanrui said with a laugh, "We have already discussed it with them and we can sign the contract right away."

Qin Shaoyan was stunned for a moment, "You guys managed it? How did you manage it?"

"Yes, although there were some twists and turns in the middle, fortunately I have accomplished my mission!" Liu Yuanrui said proudly, "I just put some effort into public relations, and added a little life experience and business wisdom."

"Old people are always wise!" Qin Shaoyan praised, "Our people from Qvod are in Tanzhou. I'll have them go over and meet up with you."

"Also, I'll have Kou Hongfei fly over there today. If you have anything, just go talk to him directly."

"Brother Liu did a great job on this matter. This is a great achievement!"

This matter was indeed beyond Qin Shaoyan's expectations. He had sent Liu Yuanrui away before just to find them something to do.

He placed his main hopes on Edward's team, but to his surprise, Edward, who had always been successful, made no progress at all.

However, the three coal bosses were very successful and won the team battle after a series of operations.

Although Qin Shaoyan didn't know how they won, they did win.

The people from Qvod.com quickly signed a contract with Shonan TV, and the two parties formally reached a cooperation agreement.

At the same time, Qvod.com held consultations with Shonan TV regarding further cooperation between the two parties, and the other party also expressed great interest.

Qvod is the largest video website in China, with more than three million registered users and hundreds of thousands of active users every day.

Not only that, behind Qvod is the country's largest social platform, Campus Network.

Campus networks have expanded rapidly on the Internet in the past two years, with nearly 10 million registered users, making them the top social platform on the Internet.

This top stream is the only one, no other.

The traffic of various popular BBS, communities and blogs is not as high as that of the campus network.

Other websites find it hard to understand why campus networks are so popular.

Is campus network so interesting?

Xiangnan TV doesn’t care why the campus network is so popular. They only care about what benefits this largest Internet social platform can bring to them.

The bigger the platform, the greater the influence.

The campus network is the most populous and active social platform, so the effect of advertising on it is naturally much better than other social networking sites.

At the same time, the user groups of campus network are all students, basically young people, and potential users of Super Girls.

Qvod also proposed a series of publicity plans, including launching hot search topics, website linkage activities, Internet voting, PK rankings, etc. It can be seen that they are well prepared.

After a brief discussion, Xiangnan TV quickly reached a cooperation agreement with Qvod and Campus Network.

……

"What? Qvod?!" Yao Le was stunned after hearing the news.

He wondered if he hadn't woken up yet.

who am I?
where am I?
What happened?
A lot happened in just one day.

The originally agreed cooperation with Shonan TV was intercepted by someone, and the other party signed the contract so quickly that he didn't even have time to react.

"Drinking will cause trouble!" Yao Le slapped himself hard on the forehead.

If I hadn't been drunk, I wouldn't have fallen into the fountain and broken my phone.

If the cell phone hadn't broken, I would not have lost contact with Editor-in-Chief Liu.

If the connection had not been lost, this cooperation would not have been snatched away by Qvod.com. Such a good opportunity was missed in vain.

When Yao Le was feeling extremely regretful, Song Daorong appeared again and gently persuaded him, "Brother Yao, it's just a cooperation. If it doesn't work out, why are you so depressed?"

"This business world is like a battlefield. Everyone makes mistakes sometimes. I don't always succeed in business."

"Doing business requires not only strength, connections and background, but sometimes also luck."

"If it doesn't work out this time, try again next time. Opportunities are everywhere in this day and age."

“What you need to do now is not to be angry here, but to look for the next opportunity.”

Yao Le also knew that what Song Daorong said was right, but he still felt guilty.

"I also inquired about this matter. Xiangnan TV chose to cooperate with Qvod.com. It is obvious that they value the benefits that Qvod.com can bring to them." Song Daorong began to analyze, "Think about it, you are just a newly established small company, with only a few users in total."

"Qvod has millions of users and is the largest video website in China. Moreover, they have partnered with a campus network. How can you compare with them?"

"It's human nature that Shonan TV despises the poor and loves the rich."

Yao Le sighed. He also knew that if it came down to strength alone, his small company could not compete with QVOD.

It’s just that this time the loss was a bit unfair.

Originally, he wanted to obtain cooperation with Shonan TV so that he would be more confident when talking with investors, and could also give investors more confidence, and by the way, it would be easier to raise the price when discussing valuation.

Now that the cooperation has failed, it is inevitable that investors will have some other ideas.

When Yao Le was daydreaming, Song Daorong said with a smile: "The past is in the past, we still have to talk about our own business."

"Ah?" Yao Le was a little confused, "What's the matter?"

"Of course it's about financing. Are you upset about the failed cooperation?" Song Daorong asked back.

Yao Le was surprised and delighted, "Boss Song, are you still willing to invest in our company?"

"Of course, otherwise why would I follow you around?" Song Daorong pretended to be unhappy, "I'm not doing this out of boredom."

"That's not what I meant." Yao Le was so excited that his mind was a little confused. "How much money are you willing to invest?"

"Two conditions, think about it yourself." Song Daorong held up two fingers, "The first condition is a valuation of 10 million."

Ten million?

Yao Le's heart almost skipped a beat with excitement. At the beginning of the year, the valuation of his company was only four million, but now it has more than doubled.

"But we want 40% of the shares." Song Daorong said lightly.

"Ah?!" Yao Le almost jumped up. If he comes right up and asks for 40% of the shares, then what's the point of our future?

"If you don't want to, you can listen to the second condition." Song Daorong said with a smile, "I will give you 5 million, and you sell the company to us, cash, one-time payment."

"After we take over the company, you can all stay and get some options. How about that?"

Yao Le was stunned for a moment.

……

It wasn't just Yao Le who was confused after hearing the financing conditions. The rest of the PP company's entrepreneurial team was also confused.

Jiang Mingsheng sat in the main seat, holding a glass of wine and said with a smile: "This is the situation, you should think about it carefully."

The other team members immediately started a heated discussion.

There are now two conditions before them. One is to agree to allow coal bosses to invest, but 40% of the shares is definitely not possible. The most they can give up is 30%.

The disadvantage is that too many shares have been given up, which may make subsequent financing somewhat disadvantageous.

The advantage is that a large amount of funds can be obtained in a short period of time, allowing the company to develop rapidly.

Another option is to sell the company, cash out directly and get five million, which can then be divided among several people.

The disadvantage is that you will go from being a company partner to a senior employee and lose control of the company.

The advantage is that everyone can get a large sum of money quickly, continue to work in the company, and get some options, so they don’t have to worry about financing in the future.

Then the team soon had disagreements, and some people supported the coal bosses to invest.

Some people want to just sell their shares and cash out. After all, starting a business is too tiring, the initial income is not much, the risk is high, and it is uncertain whether it will succeed.

Soon everyone fell into a fierce argument, neither side could convince the other, and in the end no agreement was reached.

Jiang Mingsheng told Liu Yuanrui what happened and asked what to do next.

Liu Yuanrui laughed, "Do you think they are willing to sell the company?"

"I think it's pretty bad." Jiang Mingsheng scratched his head.

It is true that young people are passionate and easy to be fooled, but it is difficult to change their minds about things they have made up their minds about, especially when some people make a living from their dreams and it is difficult to buy them off with smaller benefits.

Some people in the team just want to start their own business and dream of becoming the second Bill Gates or Qin Shaoyan, and they insist on staying in the company to start their own business.

"It doesn't matter. If you don't want to sell, then don't sell." Liu Yuanrui was not in a hurry at all. "Call those who are willing to sell and buy their shares privately."

"Then what?" Jiang Mingsheng asked.

"Then we can continue to discuss financing. It would be nice to get 30% of the shares." Liu Yuanrui smiled slightly. "As long as we hold more than 33% of the shares, we will have a veto power."

"With a veto power, they can't accomplish anything. Everything will be ruined by him."

"The company was in a state of collapse, and they had no choice but to sell it. They could have bought it cheaper at that time."

Jiang Mingsheng laughed, "This is called inviting a wolf into the house."

"These college students are still a little naive. They don’t even understand how to manage company equity, yet they still want to start a business." Liu Yuanrui sneered.

Jiang Mingsheng soon contacted several partners individually and reached an agreement to purchase some shares.

After bargaining, Liu Yuanrui, Song Daorong and Yao Le finally reached an agreement. The three coal bosses exchanged 30% of the shares for million RMB.

Then, adding the equity they had taken from other people, the three coal bosses' equity reached 34.5%.

At first Yao Le and others didn't think anything of it, but soon they saw the viciousness of the three coal bosses.

The first thing the coal boss did when he came up was to ask for an audit of the accounts. Yao Le and others were completely stunned.

Check the accounts, what accounts should be checked?

The financial systems of startup companies are not perfect, and they don’t have the awareness. Don’t expect a group of college students who haven’t graduated yet to sort out the accounts.

Moreover, the accounts of startup companies are a mess in the early stages, so how can they be checked clearly?

The coal boss showed a very tough attitude at this time. If the accounts were not checked clearly, the company would stop operating and all business would be suspended.

Then a professional audit team moved into the company. The number of people in the entire audit team was twice that of the company's employees. After they arrived, they checked the accounts vigorously and in great detail.

The audit team checked for a week but still couldn't sort out the mess. However, they were not in a hurry at all and still strictly implemented the shareholders' requirements.

But Yao Le and his colleagues were devastated. How could they continue their work if the investigation continued like this?

The audit was just the beginning. The coal bosses soon started to make trouble again. They proposed to remove Yao Le from the position of general manager on the grounds that he made a mistake in not obtaining the cooperation with Xiangnan Satellite TV.

Of course, this proposal was quickly rejected by the startup team that held the majority stake.

But the coal boss resorted to another big move and filed a lawsuit against Yao Le and others.

Yao Le and others were almost crying, they all found it hard to understand.

Did these coal bosses invest millions in the company just to destroy it?
What benefits does this bring to the coal bosses?
(End of this chapter)