Chapter 484: Chapter 271: Brushing Past Each Other Chapter 484: Chapter 271: Brushing Past Each Other Mortal Media Communication Co., Ltd.
In the conference room, the atmosphere was enthusiastic and solemn.
Tang Song pushed open the door and entered,”Sorry for being late, I had an urgent matter just now.”
“No problem, no problem, President Tang, please take a seat, let’s continue!” Liu Fangbo said cheerfully as he stood up and gestured with his hand.
Lin Muxue quickly stood up and pulled a chair out for Tang Song.
After everyone had taken their seats again,
Liu Fangbo continued,”President Tang, we are very sincere, and we can see that you value Mortals greatly.”
“Our company has rich distribution resources, plus Liyuan’s professional team from Hang City, and I personally have some shares in the Yan City Ancient Town Film and Television Base.”
“Short dramas are still in the early stages of development, and we have great potential for the future.”
“You could say, all we are lacking is funding.”
“Hmm, I understand.” Tang Song nodded slightly, looking at the document in his hand.
The pre-investment valuation was 40 million yuan.
The company originally planned to raise 10 million yuan in Series A financing.
In this way, Liu Fangbo, with 68% of the shares after financing, would still have absolute control of the company and could maintain control over the company in the next round of financing.
However, after more than an hour of interaction, his attitude had clearly changed.
Fair and reasonable investment terms, clear obligations and rights, trust in and support for the management team…
The letter of intent offered by the other party was very reasonable and complete, and their attitude was very sincere—something other investment institutions had never provided.
Of course, even more crucial was the strength displayed by Tang Song.
After a simple negotiation, Liu Fangbo sincerely expressed that if possible, he hoped to increase the amount of this round of financing.
Adequate funding would also allow the company to seize a large share of the short drama market more quickly.
“President Tang, please consider this carefully.” Liu Fangbo said as he looked at him:”Even if you don’t agree, we are very willing to proceed under the current agreement.”
Tang Song pondered for a moment and then began to speak quietly with the investment manager next to him.
For an investor, increasing the investment to gain more shares is a risky affair.
They need to comprehensively consider the value and potential of the company being invested in, the competitive situation in the industry, and the impact of too much control on the founding team.
The system task [Capital Tycoon] has strict requirements for effective venture investment.
He needed to get personally involved and genuinely complete a reasonable investment.
after further negotiations between the two parties,
Tang Song stood up, smiled and reached out his hand,”Chairman Liu, President Guo, I wish us a smooth cooperation in advance. I believe in your team and project and look forward to the fruitful results in the future.”
Liu Fangbo and Guo Liuyuan instantly breathed a sigh of relief, their faces bursting with joy that they could not hide.
“This is an important step for Mortals Media Communication Co., Ltd. to stride towards greatness. Thank you, President Tang, for your trust and support!”
“It’s a pleasure to work with you! Our short drama team will definitely not let you down!”
Guo Liuyuan’s voice trembled slightly with excitement.
The final outcome of the negotiation far exceeded their expectations.
Tang Song would invest 24 million yuan all at once; after the new TS (Term Sheet) comes out in the afternoon, they could start preparing the DD (Due Diligence).
Everything was many times better than she could have imagined.
After this round of increased capital and expanded shares, the new shareholding structure was: Liu Fangbo (53%), Tang Song (38%), Guo Liuyuan (9%).
The post-investment valuation was 64 million yuan.
They would not set up a board of directors for the time being, with Liu Fangbo still acting as the executive director.
Tang Song would have veto power over major issues, as well as rights to be informed, participate in decisions, supervise, and priority in liquidation, among others.
The sunlight filtered through the clouds into the conference room, creating spots of golden light.
As the CEO of a company with a valuation of 64 million yuan and about to complete a Series A financing, 26-year-old Guo Liuyuan was overwhelmed with excitement.
Looking at her brilliant alumnus Tang Song, she grasped his hand firmly.
A new chapter in her life was about to begin.
All those talented young people she had once chased after would be left behind by her.
This is the benefit of following the right person and choosing the right track.
With this thought, she took the time to send a message to Shen Yuyan, who was also negotiating a term sheet in Imperial City.
Xu Qing stood there dumbfounded, her eyes filled with shock and disbelief.
A company valuation of 64 million yuan meant her 2% stock options were worth 1.28 million yuan?
Did I just become a wealthy woman in the blink of an eye?
Of course, there was still a long way to go for the options to be converted into stock, and she would also need to invest according to a certain valuation.
But for a money-lover like her, the shock brought about by the sudden increase in net worth was incomparable.
She hadn’t done anything, yet she now had a large sum of hidden assets!
No, that’s not right! I gave Tang Song the 4090!
Just like the netizens said, for guys, this is a super magical item!
Xu Qing clenched her fists excitedly, her eyes sparkling.
Maybe I should give him another one!
“Xu Qing.” A pleasant voice sounded in her ear, interrupting her daydreaming.
She looked up to see the tall and sexy Lin Muxue approaching,
her face wearing a smile of intellectual elegance.
“Uh, what’s up, Ms. Lin?” Seeing her flustered appearance, Xu Qing couldn’t help but pout her lips.
The detestable green tea, Liu Ruyan, wants to bully my Qingqing!
This would only happen because Yanyan is not here; otherwise, I definitely would have had Scheming give you a piece of her mind!
Lin Muxue’s eyes lifted slightly at the corners as she pulled a gold-embossed business card from her briefcase and passed it over.
She said warmly and kindly,”Just call me Muxue or Luna. This is my card, and we can add each other on WeChat later.”