My rebirth is different

Page 438

Isn't the Zhengda Plaza store just picking up Carrefour's mistakes.

Therefore, Yu Wenfei believes that these two years are the best time for the development of Jiale. If this time is missed, it will be a situation where wolves look around.

Zhou Mengyi naturally does not see the development of these industry trends so clearly, but she believes in Yu Wenfei, because the past has proved that what Yu Wenfei said and did is right, without exception!

…………

Before the end of December, Star Technology finally passed the approval of the "National High-tech Enterprise" qualification that it had applied for for a long time, and a golden bronze medal was also issued.

With this brand, Star Technology will no longer have to pay taxes for a few years. In fact, the company has invested a lot of money now, but it has not yet earned a penny.

If you really pay taxes, you don't have to pay much.

But how much to pay is one thing, and whether to pay is another matter. What's more, this qualification is also a symbol of corporate identity.

With the title of this national high-tech enterprise, no matter it is a school, a district or a city, it can justifiably provide some policy support.

In terms of public-to-public, we still have to pay attention to a name.

Principal Lin of Jiaotong University also "summoned" Yu Wenfei again. Of course, Principal Li was also there.

"Not bad! Young man is driven. I didn't expect you to come to school for less than half a year, and you will create such a big company."

The thin principal Lin patted Yu Wenfei's shoulder vigorously on tiptoe, and said with a gratified face.

"Well, I didn't even think about it. When he first said that he wanted to start a business, I thought it was just a small business, and it would take at least two or three years to see the effect. The result was too unexpected. The website had more than a thousand users on the day it went live. Wan, now it’s more than 2000 million, this is definitely a large website. Xiaofei did a great job!” Principal Li also praised it.

In front of the two principals, Yu Wenfei also had a correct attitude. He said modestly: "It's just a fluke, and I also benefited from the support from the school. From office space to technical support, it has helped me a lot."

Principal Li nodded in satisfaction.

The young people have made such great achievements, they are not arrogant or impetuous, they know how to be grateful, and the future can be expected!

Principal Lin also smiled and asked Yu Wenfei to sit beside him, patted his arm affectionately and said, "As the principal, I still don't care enough about the students. Fly, it’s okay not to go. Time is wasted on those complicated things.”

Principal Li quickly said: "Principal, this is also your job. Jiaotong University is a famous school. You have great influence in both education and academia. In many cases, as long as you come forward, it will increase the influence of Jiaotong University." You can leave the work in the school to us, but those high-end exchange meetings in the world must be done by you.”

"Is the company in trouble? If you need the support of the school, just ask! You are a student of Jiaotong University, so the school is your solid backing. When you have any difficulties, if you can't solve them yourself, don't hold on. You must know how to mobilize resources. , to allocate resources reasonably so that we can accomplish great things." Principal Lin said again with concern.

"There are no difficulties for the time being, and everything in the company is going well." Yu Wenfei replied.

"What about the funds? The funds needed to build such a large website must be astronomical. Now the company is still your own sole proprietorship?" Principal Lin asked.

Yu Wenfei nodded, "It's my personal investment. In fact, I don't need too much money in the early stage. The company didn't spend too much on promotion and publicity. The money is mainly used on hardware facilities and recruiting employees. I estimate it can last for half a year." Well, we will need to raise funds at that time, and I need to ask the two principals to introduce it to me.”

According to Yu Wenfei's estimation, in about half a year, his initial investment of [-] million yuan will be almost burnt out.

Facebook's money burning is different from that of Yitang. Facebook's hardware configuration is definitely the top in the country.

Now a computer room costs tens of millions, and in the future, computer rooms will be opened in other cities, which will cost huge sums of money.

In addition, the salary of the company's employees is also a huge expense.

Because Star Technology is mostly technical employees, the wages of such employees are not low, and they can easily exceed [-].

Star Technology now has more than 800 employees, and is still recruiting continuously. It is expected to reach 500 people in the next year.

A monthly salary may cost 3000 to [-] million!

Therefore, [-] million may seem like a lot, but it can't hold up to spending so much.

As for Yu Wenfei, it is impossible to have another [-] million cash to invest in the short term.

Half a year later is the time for Star Technology to open up and let VC enter the market!

This first round of investment is very important. What Yu Wenfei thinks is not only to get as much funds as possible, but also to dilute the shares as little as possible.

Every company founder thinks so...

Chapter 378 The Purpose of Letting Jiaotong University Enter

Because in the future, Facebook will continue to burn money on a large scale, and will not consider profitability at all in a short period of time, and it is impossible to make profits.

Then, Facebook will conduct several rounds of financing.

The next few rounds of financing will not only depend on the specific development of the company at that time, but also refer to the valuation of the first round of financing. Therefore, for this first round, it is best to find someone who can give the highest possible valuation and is not so greedy for shares. venture capital.

Hearing Yu Wenfei said that the company has plans to raise funds, Principal Lin became interested. He turned to look at Principal Li: "There must be a venture capital company in our school. In Yu Wenfei's case, it should be a very high-quality investment target!"

Shanghai Jiaotong University established a venture capital company in 2000, named "Shanghai Jiaotong University Venture Capital Co., Ltd."

This company is a professional venture capital company jointly funded and established by Modu Venture Capital Co., Ltd., the People's Government of Xuhui District, Modu, and Jiaotong University, Modu.

Backed by the "Shanghai Jiaotong University Entrepreneurship Fund", the company has strong capital, technology, talent, policy and other advantages.The fund is mainly used for investment in high-tech development and industrialization projects in Shanghai Jiaotong University and Xujiahui technology-intensive areas.

Principal Li nodded repeatedly and replied, "Yes, it really meets the investment requirements of our venture capital company."

But then he remembered something, and said with a wry smile: "Student Yu Wenfei's project is very good, but if it's too good, we might not be able to invest."

Principal Lin was very puzzled and asked, "Why?"

He does a lot of academic work and doesn't know much about these complicated businesses, but Principal Li does.

He explained: "Our venture capital company mainly invests in start-up technology companies. The investment amount is generally around one million, and at most it will not exceed [-] million. But the company of Yu Wenfei is too big. Already! Once financing starts, the company’s valuation is likely to be billions! We can’t afford to invest..."

Principal Lin was dumbfounded. He didn't expect that the answer turned out to be that the school couldn't afford it.

Suddenly the atmosphere became a little awkward. I wanted to give Yu Wenfei a little help, but it turned out that he had "grown up" and I couldn't help him even if I wanted to.

Yu Wenfei smiled lightly, then took over the topic and said, "I personally welcome the school to invest in Star Technology, and the investment doesn't have to be all paid by an investment company, and joint investment is also possible. To tell the truth, the two principals, The future of Star Technology has great development! The first round of financing may also be the best opportunity for the school to invest in shares, so don’t miss it.”

He hoped that the school would be able to invest in the shares, but of course the premise was not to take away too many shares.

If a semi-media website like Facebook develops to a certain stage, if the background is not strong enough, you will have to wait for three days to be checked every now and then, because it is too sensitive and too important!

In China, the country will not let go of the media easily.

Therefore, Yu Wenfei hopes that Jiaotong University, as his alma mater, and a prestigious school with strong strength and influence in both politics and business, can become a shareholder of the company.

In this way, in the future, when Facebook develops to a certain scale and its influence is large enough to attract the attention of the government, Jiaotong University will be able to solve too many troubles for itself.

He didn't value Jiaotong University's money, but mainly came for Jiaotong University's influence.

It is also taking money from investment companies, why not find someone with a strong background who can bring more help to yourself.

As for some investment banks with only money and no background, let them wait.

If you really want money, it won't be long before there will be a lot of VCs waving banknotes and asking the price as they like.