My Age of Investment

"Daren, I see that there are less than ten employees in your capital office, right?

With such a small number of people and such a large office, I don't know if I will feel lonely. "

Seeing that Yang Haoyong had achieved his goal, the other flower basket delivery person, Huang Xin, also spoke with a shy face.

Xia Jingxing was stunned, and then smiled and said, "No, colleagues in Shanghai and Hong Kong offices also have an office area of ​​more than 100 square meters per capita.

We will prepare a lot of supporting office facilities such as coffee shop, cigar bar, gym, lounge, etc. in the future.

Providing employees with a superior and comfortable office environment is also the philosophy that Envision Capital has always adhered to. "

Xiude Huang Xin's scalp tingled for a while!

In order to save money on their school intranet, the whole company is crowded into a three-bedroom apartment for office and business use.

This one is good, in the most prosperous CBD, it provides employees with an office area of ​​more than 100 square meters per capita.

The office area per employee is equal to the office area of ​​their entire company.

It's too frenzied, and it's too shocking!

Huang Xin originally wanted to ask to borrow the office, but after hearing what Xia Jingxing said, he didn't know how to ask.

Xia Jingxing naturally guessed Huang Xin's extravagance. It is not without precedent for a venture capital institution to lend an office to a start-up company.

It's just that they didn't invest in Xiaonei, so it's unreasonable to borrow an office for Xiaonei.

Moreover, he worried that the Xiaonei team would quickly deteriorate if they left the difficult environment.

Heaven is about to send a great mission to the people, doesn't it mean that they must first toil their muscles and bones, starve their bodies and skins, and empty their bodies?

Xiaonei should continue to stay in the three bedrooms and one living room of Huaqing Jiayuan!

Xia Jingxing pretended to be stupid, and forcibly blocked Huang Xin's next words.

After staying for a while, Yang Haoyong and Huang Xin also left.

Until he left, Huang Xin still didn't say that he planned to borrow the office because of his thin skin.

…………

…………

afternoon.

The Beijing office ushered in the real first guest.

A man in his forties with gold-rimmed glasses visited the 36th floor of China Merchants Building with two gentle companions of the same age.

"Mr. Chen, Mr. Jiang, Mr. Xiao, hello!"

Xia Jingxing, Fu Jixun and the three of them shook hands respectively, and asked the three of them to sit down on the sofa, and then asked a female employee to bring tea and drinks to the three of them.

Xia Jingxing looked at the three founders of AutoNavi and was very satisfied.

The Gaode map is the first project they plan to seize food from Sequoia China!

After Fu Jixun received Xia Jingxing's instruction, he took a lot of thought and found out about several projects that Sequoia was in contact with recently.

Xia Jingxing fell in love with Gaode Map at a glance, thinking that this company was destined for him.

Therefore, Fu Jixun got in touch with Chen Congwu, the founder of Gaode Maps, and then had today's meeting.

"The three may not be familiar with Mr. Xia and Vision Capital, so let me introduce them first."

In the middle of Fu Jixun's speech, Chen Congwu waved his hand to interrupt.

The latter smiled and said: "No need, how many domestic entrepreneurs don't know the names of President Xia and Vision Capital?

Mr. Fu, you don't have to be polite, let's get straight to the point. "

Xia Jingxing glanced at Chen Congwu, this person seemed to be in a hurry!

Fu Jixun responded quickly, and said with a smile: "Okay, since Mr. Chen is quick to talk, then we won't engage in nonsensical tricks. First, Mr. Chen, please introduce Gaode Software Company!"

Chen Congwu nodded, took out a stack of documents from his bag, handed them to Xia Jingxing and Fu Jixun respectively, and then introduced the company.

"AutoNavi was established in August 2002, but our team has been contemplating this project since the mid-1990s, doing some preliminary accumulation, and became the only member of the Japan Navigation Association in mainland China in 1997.

The original intention of our establishment of AutoNavi is very simple, mainly because we saw the wide application of GPS in the Gulf War.

After the end of the Gulf War, the GPS global positioning service of the United States was opened to the whole world, especially Japan has already taken the lead in the car positioning and navigation system.

In 2000, my country proposed the policy of making automobile manufacturing a national pillar industry, and two years later, it proposed the strategy of letting automobiles enter thousands of households.

These two policies gave me a clear idea of ​​starting a business—to make car navigation maps in China..."

Xia Jingxing didn't interrupt, and quietly listened to the other party's entrepreneurial history.

"At present, AutoNavi has obtained the first-class surveying and mapping qualification for navigation electronic maps issued by the National Bureau of Surveying and Mapping, and has become the first private enterprise in the country to obtain this qualification. Wait for the car companies to reach a cooperation to provide them with electronic maps for car navigation.

Well, this is almost the current achievements and status quo of our AutoNavi software. "

After finishing speaking in one breath, Chen Congwu's mouth was dry, he picked up the teacup on the table and poured a big gulp of tea into his mouth.

After listening, Xia Jingxing smiled politely, without showing any preference or inclination.

But I have already started to think about it. What the other party said is basically the status quo of AutoNavi. It has not yet started to engage in the Internet. It is purely a car navigation company, and its value has not yet been fully highlighted.

"Okay, I understand. Mr. Chen, tell me about the valuation and financing amount!"

Xia Jingxing didn't ask too much, and started to inquire directly.

Chen Congwu and his two partners looked at each other, and said solemnly: "We want to raise 40 million US dollars at a valuation of 100 million US dollars."

The numbers are not small!

Xia Jingxing was slightly startled, but his face remained calm, and he asked calmly, "Is the 100 million US dollars a pre-investment valuation or a post-investment valuation?"

Chen Congwu said with a smile: "Naturally, it is the pre-investment valuation. Although AutoNavi has only been established for more than three years, our revenue has reached the order of tens of millions of yuan."

Chen Congwu is a graduate student in the Department of Finance, Trade and Economics of the Academy of Social Sciences. After graduation, he also works in finance and trust.

He doesn't know much about venture capital, but he is not a fledgling rookie either. He knows how to ask for prices and pay back money on the ground.

Xia Jingxing glanced at Fu Jixun, who had no expression on his face, and said slowly after a long while: "This estimate is too high, we can accept a reduction of half."

Chen Congwu shook his head, "Sequoia China's offer is very sincere and higher than your offer, but we still rejected it."

Xia Jingxing thought to himself, this corner is a bit difficult to dig!

Gaode Software has cooperated with several Japanese companies relatively early. In the past few years since its establishment, it has directly won cooperation orders from many large car companies.

From some levels, it is no longer the start-up stage, but has entered the growth stage.

Correspondingly, the valuation has also directly crossed the millions and tens of millions, and directly reached the billions, and the unit is still US dollars.

In terms of return on investment, it’s not a particularly good deal. When it was privatized by Ahri, its market value was only more than one billion U.S. dollars, and it was nearly ten years later.

But from a strategic point of view, it is a company that must settle.

Fu Jixun negotiated with Chen Congwu for a while, and reached a pre-money valuation of 80 million US dollars, but they couldn't go any further.

"Okay, let's talk about this today!"

Xia Jingxing was not a stubborn man, he knew he couldn't eat hot tofu in a hurry.

Although he wanted to get Sequoia's hand, he didn't want to be taken advantage of.

After seeing off the three of Chen Congwu, Fu Jixun walked back with a stern expression.

"Mr. Xia, I guess our idea of ​​a quick battle has failed."

Xia Jingxing nodded, "I know, don't be impatient, just go through with them slowly.

A project worth tens of millions of dollars is not a small amount for Vision Capital, and the same is true for Sequoia.

Shen Beipeng and the others have not voted for their first project yet, so they are also very cautious.

I'll leave the rest to you, don't put too much pressure on me, I won't be able to escape! "

Fu Jixun nodded, as long as the boss is not in a hurry to produce results, then he will be able to operate with ease, and he will be confident in negotiating a relatively ideal price.

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