Wandering the world of film and television begins with the golden years
Chapter 77 Get on the bus first, pay the fare later
"No one visits without a reason, but I do indeed have something to trouble you with, Mr. Xu." (Google search for more information)
After saying that, Li Haoyu told her all about the marketing campaign to escape Beijing, Shanghai and Guangzhou, and where he needed her help.
Xu Xin immediately said that there was no problem and that she would fully support her.
Xu Xin didn't leave. She carefully observed Li Haoyu for a while, and after chatting for a bit, she suddenly said, "I'm afraid it's not just this. I suppose this little matter isn't worth your personal attention."
Li Haoyu smiled and said to Xu Xin, "You're being too polite. This marketing plan is indeed very important. However, there is another important matter I need to discuss with you, my angel investor."
"Now that Haotuan.com has officially surpassed one million registered users and is in a leading position in group-buying software, it's time to launch its Series A funding round."
Xu Xin gave Li Haoyu an appreciative look. "Are you sure you want to start Series A funding so soon? If I were a typical entrepreneur, I would definitely push for funding as quickly as possible to exit and generate profits."
"But good groups are different. As you said, they do have great potential, and their development is currently very good."
Li Haoyu smiled and said, "When Haotuan.com was just starting out, it was difficult to convince investors to accept the valuation I expected, even with software and market presence."
"With continuous progress and expansion, we don't have much money on hand, so it's time to prepare for a tough winter. Therefore, I think it's time to start raising funds."
Xu Xin asked, "Do you have a preferred investment institution?"
Li Haoyu replied, "Of course, it's well-known venture capital firms like Sequoia Capital China, Source Code Capital, Hillhouse Capital, and IDG Capital, as well as angel investors with resources and capabilities."
Xu Xin asked curiously, "Have they all contacted you yet?"
"Some investors and investment institutions have already contacted me, but I haven't given them a clear answer yet."
Xu Xin nodded. "It seems you've done a really good job. You've managed to gain recognition from so many well-known investment institutions in such a short time."
After saying that, Xu Xin asked, "So what is your real purpose in contacting me this time?"
"Naturally, we'll have Capital Today lead the search!"
Li Haoyu calmly said, "Professional matters should be left to professionals. I'm not good at dealing with these cunning investment institutions. If they screw me over, I won't even know how I died."
Xu Xin couldn't help but sigh, "He's such a sly little guy."
He was very meticulous when negotiating with her, but now he's acting all naive and innocent.
Xu Xin sighed, "You're certainly good at slacking off, but do you really think the internet winter is coming?"
Li Haoyu wasn't telling the truth. "Who can predict the future? It's just better to be prepared."
Xu Xin looked at him with a half-smile, just as he had said in the previous betting agreement.
She nodded outwardly, but inwardly thought, "I can't believe your nonsense..."
Xu Xin smiled and said, "Alright, leave the rest to me. However, Today Capital is a value investing firm. We remain very optimistic about the company's future prospects. We will not transfer equity and will continue to co-invest."
Li Haoyu nodded. "We welcome investors like Mr. Xu to grow together with our company. However, there is another principle for this financing."
Xu Xin frowned slightly. "What principles? These well-known investment institutions won't compromise easily."
Li Haoyu stated firmly, "The price of this round of financing will not be compromised; the highest bidder will win."
Similarly, the investment funds must be in place as soon as possible and clearly defined in the cooperation agreement. Of course, we do not rule out normal financial oversight.
Xu Xin's brow relaxed. "If that's the case, then it's not necessarily a bad thing."
Li Haoyu picked up the teapot and refilled Xu Xin's teacup. Ms. Xu was quite reliable.
There are numerous examples of founders and investors turning against each other.
She has an extremely good relationship with Liu Qiangdong (Dong Ge). It's worth noting that many of JD.com's finance personnel were brought over by Xu Xin when she initially invested in the company. Finance is the lifeblood of a company, and it's often filled by the people the boss trusts most.
This small incident shows that Xu Xin is a very reliable person.
Xu Xin didn't stand on ceremony, took the tea from Li Haoyu and drank it all in one gulp. "Being an investor is hard work, being bossed around by you little brat is exhausting."
Li Haoyu's expression changed, but his evaluation of her remained the same: Xu Xin was indeed a straightforward person.
……
Soon, news of Haotuan.com's registered users exceeding one million and the start of its next round of financing appeared in the market.
Some media outlets have stated that Haotuan.com, as the first software to announce that its registered users have exceeded one million, proves that Haotuan is not a dark horse but the undisputed king of group-buying software.
Some media outlets, citing unverified rumors, misrepresented Li Haoyu's statement that Haotuan was only a few months away from bankruptcy, claiming that Haotuan swept away its competitors and became the dominant player in the group-buying software market within just a few months.
The media always loves a good show, especially with HaoTuan's recent string of big moves. They've even declared that HaoTuan's dominant position is unshakeable, and the other competitors are insignificant.
Many media outlets even came directly to the building where Haotuan was located, wanting to interview Li Haoyu and ask him for his opinion on the matter.
He leaked the information to the media on his own initiative in order to generate publicity for the upcoming fundraising.
But Li Haoyu never expected that the media would be so unscrupulous in trying to capitalize on a trending topic.
Having no other option, he had to issue an official statement:
HaoTuan's registered users have indeed exceeded one million, and the company is indeed considering financing in the near future for its normal development.
But HaoTuan is just getting started, and there's still a long way to go.
Good teams crave rivals and are not afraid of competition.
GoodGroup's vision is simple:
I just want to help everyone eat better and live a better life.
This is an announcement ostensibly meant to refute rumors, but in reality, it's a boastful statement.
I wonder how many CEOs of competing companies are furious. If you're going to refute a rumor, just refute it and make an announcement. Do you have to go to such lengths?
The news quickly reached various investment institutions, who responded promptly. Companies like Sequoia Capital and ZhenFund expressed interest and initiated due diligence on Haotuan.
This immediately made Haotuan the hottest company in the investment circle.
Li Haoyu couldn't help but feel a surge of emotions. Since his transmigration, he had been living in constant fear, from his initial live-streaming sales to program planning, and even to the glory of Haotuan today.
College entrance exams, live streaming, product sales, TV programs, startup teams—a great group…
Every step is fraught with pitfalls, and even in his busy schedule, he has to steal moments to pursue girls.
Was it easy for him?
Guan Weiguang, standing to the side, looked at Li Haoyu, who was deep in thought, with eyes full of admiration.
Despite the group's smooth development, the leader remains deeply worried.
"Boss..."
Guan Weiguang was covered in sweat and looked very anxious. "Our competitors have issued statements saying that we are maliciously disparaging others and that we are falsifying user data."
How many users have we actually registered?
"It's probably over nine hundred thousand."
Li Haoyu said quietly, "I just said what venture capitalists want to hear."
Guan Weiguang said anxiously, "But it won't be long before the investment institutions conduct due diligence!"
"We're only 100,000 users short. Once we finish our online flame war, we'll have enough registered users."
Li Haoyu laughed and said, "Nobody cares about the process, they only see the result."
"This is called getting on the bus first, then buying the ticket."
………………
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