Chapter 1062 - 428: It’s All Yours! (Part 2)
If we can’t keep up, we need to renegotiate.
If the difference isn’t too much, we can continue discussing it because every investor has different endowments, and the conditions they can offer will certainly differ. The invested company needs to consider comprehensively.
So, normally, it’s rare for two institutions to offer identical terms.
But if the difference is too big, there’s definitely no chance.
President Shen looked at the important terms faxed over and was completely dumbfounded.
"What the hell! Who is this? Are they out of their mind?!"
Peng Ge cursed directly on the spot.
The main point being, the conditions set by Liu Minghao were so lenient, it was ridiculously absurd!
He doesn’t want this, he doesn’t want that. Once Byte hits a setback, Tianhang can’t escape at all and will be buried at the very bottom.
The founding team could even run before them, isn’t that nonsense?!
"Check! Go check what’s going on with that PE!"
President Shen, who rarely loses his temper, was genuinely furious, wishing he could drag that bunch over and deliver a whirlwind kick that would knock their heads off.
After checking, he was even more dumbfounded.
"A newly established private equity investment fund? First project? Total size not even 1 billion? Wait, let me process this, I’m kind of confused..."
Peng Ge was so affected by Han Lie’s operation that he started doubting life altogether.
He couldn’t figure it out.
No matter how much he thought about it, he couldn’t understand.
So, he specially found his old buddy Zhang Fan to discuss it quietly.
"Bro, can you make sense of it? Is that fund insane?"
Wide-eyed staring at small-eyed.
Another puzzled person joined the list.
Zhang Fan pondered for a long time, scratching his head awkwardly: "How about... I try talking to them? Could they be newcomers to the industry, clueless, thinking they can negotiate anything if they get a foot in the door?"
"I’ll ask around and find out who’s calling the shots."
Peng Ge, now a board member at Magic Capital’s Jiaotong University, although he resides mainly in Imperial Capital and seldom visits the school, his network in Magic Capital is outstanding.
Soon enough, he found out about Pan Shengwu.
"Hiss... How is it him?"
Zhang Fan, not familiar with Magic Capital, frowned and asked: "What’s wrong, is it difficult to deal with?"
Shen Nanpeng laughed bitterly and shook his head: "He’s a local player, close ally of Guo from Fuxing, a very astute person."
He thought it over again, thinking hard: "Still doesn’t add up! Pan Shengwu wants to invest, sure, but this guy isn’t crazy, what’s this about?"
Pan Shengwu isn’t crazy, but he has a crazy son...
At this moment, Panzi had already returned to Magic Capital, happily drinking with Xiao Dou and the others.
Then he suddenly received a call from Liang Jianzhang.
Old Liang is Shen Nanpeng’s close brother, the current CEO of Ctrip, a person from Magic Capital, a graduate of Zhendan, who got acquainted with Pan Shengwu early on during the Chamber of Commerce days, and Ctrip also often dealt with local hotels during its development, so they are considered friends.
"Hey? Old Liang, it’s been a while since you reached out, stop dallying, come drink with us!"
Panzi was in an excellent mood, extending a warm invitation right away.
Old Liang wasn’t into this, but being on an important mission, he reluctantly accepted the invitation.
Then he wasn’t able to refuse, and Panzi got him wasted...
The critical information squeezed out of this ordeal was: "My son-in-law handles the major company affairs, old Liu handles the minor ones, entertaining partners is my responsibility... Right, what did you want to ask?"
Well, the next day, the cooperation letter of intent between Tianhang and Byte was signed, and Peng Ge received the answer.
Uh, still a completely useless answer...
Peng Ge couldn’t figure out what Tianhang wanted to do, only knowing Liu Minghao was in Imperial Capital, handling the detailed negotiations, while Han Lie and Pan Shengwu had already returned to Magic Capital.
Fine, let’s see what’s going on!
After much effort, he finally managed to meet Liu Minghao, sat down for a chat, and Shen Nanpeng felt his heart skip a beat.
What the hell!
This guy is completely familiar with the unwritten rules of the venture capital circle!
So... was this intentional?!
Now, Liu Minghao continued to feign weakness to the enemy.
"President Shen, you have no idea the struggles of a small outfit! This is our first investment, and the boss took a liking to Toutiao, insisting on entering the market at any cost, but the competitors are all major institutions, what can I do?
If I don’t complete the task, I’ll be held accountable.
If I succeed, regardless of the costs, the boss will at most complain a bit. If it were you, what would you choose?
Sorry, sorry, next time I’ll definitely consider fellow competitors!"
Liu Minghao put on a deflated face, full of grievance and despair.
Peng Ge still tried reasoning with Liu Minghao.
"Liu, it’s important to strive for the necessary rights, you’re letting Byte go completely free, giving them no constraints, if the investment fails, wouldn’t you still be held responsible?"
Liu Minghao shook his head with profound meaning: "Where can I manage something that far ahead now? I might not even be with Tianhang three to five years later, but right now, I’m counting on our President Han to make a fortune in the next couple of years..."
Peng Ge was gagged silent.
Was there anything wrong with Liu Minghao’s words?
Nope!
The man understood everything, but the primary interest wasn’t here. What good is reasoning with him?
Peng Ge returned dejectedly, holding a small meeting upon returning to the company. Then, when hearing Tianhang’s terms, all the partners exploded.
"How can we compete?"
"They don’t care about financial security, it’s reckless!"
"Venture capital isn’t insane capital; risk management is always the most crucial thing, Sequoia can’t set such a ridiculous precedent!"
Shen Nanpeng was still somewhat reluctant; he really had high hopes for Zhang Yiming’s team.