Only after being reborn did I realize how fascinating the world of the rich is.
Chapter 179 We're all friends, nobody owes anyone anything.
By July 2003, the epidemic had basically ended, and Li Xiaofeng had successfully completed his studies and received his bachelor's degree.
During this period, Li Xiaofeng approached several venture capital firms, including Hard Gold Capital and Dasheng Capital, and presented them with his company's various data, quickly securing Series B funding.
In this round of financing, Li Xiaofeng's Wanzhong Media was valued at 16 billion yuan, with a financing scale of 4 million yuan. In other words, after this 4 million yuan was invested, the company's value was 20 billion yuan, and the venture capital institution held a 20% share of Wanzhong Media.
As a result, the current shareholding ratio of Wanzhong Media is as follows: the Jiang family holds 10%, the Cao family holds 10%, foreign venture capital holds 20%, 15% is reserved for senior executives and the team, and Li Xiaofeng himself holds 45%.
Although he does not hold absolute control, Li Xiaofeng is the largest shareholder of the company, and since his core executives are all his own people, he effectively holds absolute control.
Therefore, Li Xiaofeng sent Liu Qianqian and Miao Peipei, each with 2 million yuan, to Beijing and Shenzhen to develop the LCD screen market in these two cities.
This time, the two of them had more and more funds at their disposal, and they were going directly with their teams. After all, the Series A funding was more than before, and they needed more people.
In addition, the impact of this outbreak on Shanghai was not significant, with only six people diagnosed, and the impact on surrounding inland cities was even smaller.
In addition, Li Xiaofeng had already developed a strategic plan to expand his business. During this period, he also recruited a sufficient number of people from his peers through headhunting firms.
Talent development is not something that can be achieved overnight. There are only so many skilled and elite individuals in the world. It's a zero-sum game; if I have more, you don't, and if I have more, you have less. The gap between one person and one person is even wider.
The tactics used in business warfare can sometimes be quite simple and unpretentious.
However, at this time, the Wei family's advertising company was still frantically recruiting again.
However, due to the large number of layoffs their company had during the pandemic, headhunting firms found it difficult to recruit for them in this field, and recruitment was not going smoothly. They could only recruit new people to train them.
After learning about the situation of the Wei family's advertising team from Liu Qianqian, Li Xiaofeng finally felt relieved.
By this time, Li Xiaofeng's Wanzhong Media had become a well-known name in the domestic advertising industry, and many well-known domestic and foreign brands had taken the initiative to come to him seeking cooperation.
After all, LCD screen advertising is effective, and Wanzhong Media is currently the largest company in the industry, with clients consisting of white-collar workers and other social elites, which can better help these high-end brands promote their products.
In addition, the addition of these high-end brands can enhance Wanzhong Media's image in the eyes of property management companies and other institutions, making it more popular and giving it an advantage over other types of companies.
That's why everyone strives to become a leading company in a particular sector.
Once a company becomes a leading company, it will generate a huge scale effect, thereby accumulating a greater reputation and brand effect, giving the company an increasingly greater advantage, and continuously widening the gap with other companies.
However, to Li Xiaofeng's surprise, Cheng Zhiyuan and Lü Zhendong took the initiative to find him.
"Third brother, I heard you're doing quite well these days!" Lu Zhendong greeted Li Xiaofeng.
Cheng Zhiyuan nodded and smiled at Li Xiaofeng.
Li Xiaofeng smiled and said, "It's alright. Business is going quite smoothly. We just partnered with several venture capital firms and completed our Series B financing. Currently, our business is starting to expand into Beijing and Shenzhen."
Lu Zhendong sighed and asked somewhat embarrassedly, "Boss Cao has already bragged to us several times, praising you for really knowing how to make money. He said he got lucky and his 50 million invested in you turned into 200 million in just six months."
Third brother, is this true or false?
Li Xiaofeng smiled and nodded: "The last time I approached you for funding was our company's Series A funding round, when the valuation was 4 million yuan. This time, for our Series B funding round, I quoted the venture capital firm 16 billion yuan."
The venture capital firm gave me 400 million yuan, which means they recognized my valuation and that the company's value has increased fourfold since the Series A funding round.
From this perspective, it's true that Mr. Cao said his 50 million investment turned into 200 million. Furthermore, once the company has absorbed the 400 million raised, its valuation will double.
Of course, since the company hasn't gone public yet, cashing out is quite difficult. But once the company goes public, it will be much easier to cash out!
Cheng Zhiyuan sighed and said with some emotion, "Third brother, we misunderstood you last time. We let you down."
Li Xiaofeng smiled and said, "What are you saying? We're all friends, and no one owes anyone anything. Although you misunderstood me at the time and thought I was going to borrow money from you."
But you two are willing to lend me a helping hand and lend me money; you're both really good friends, and I'm very grateful!
Cheng Zhiyuan smiled and said, "What friends? We're brothers!"
Li Xiaofeng smiled but didn't say anything.
At this moment, Lü Zhendong coughed lightly and said to Li Xiaofeng in a somewhat obsequious tone, "Third brother, now we both know we were wrong. Look, could you let the two of us cut in line?"
Li Xiaofeng understood their purpose, but still pretended not to understand and asked, "Cutting in line? What line? Do you want to advertise here too? No need to cut in line, I'll give you the best spot first!"
"Third brother, that's not what I meant. What I meant was that fourth brother and I are also willing to invest in you. I've already discussed it with fourth brother. He'll contribute 30 million, and I'll contribute 20 million. Together, we'll put together 50 million."
We're not greedy, just want the same treatment as the boss. We brothers have a better relationship than you do with the boss, you should give us that much face, right?
Li Xiaofeng smiled and said irritably, "Second brother, fourth brother, what are you thinking? Do you still think doing business is about building relationships and making friends?"
"You think you can just cut in line like that? You haven't even figured out what's going on before coming to me. Go and understand the laws and rules first, okay?"
"Third brother, aren't you the boss of the company? This kind of thing is just a matter of your word. Would you rather let others make this money than let us brothers make it?" Cheng Zhiyuan was also a little unhappy.
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