ByteDance was founded in March 2012. This company, which will become very popular in the future, once had a market value of one trillion yuan. Its boss Zhang Mingyi, a post-80s generation, has become the richest man in the country;

ByteDou’s two products, Tomorrow Toutiao and Douyin, have completely changed the pace of people’s lives;

Tomorrow Toutiao can recommend personalized information to users based on their reading habits, their environment and the content of articles they read;

Douyin, a magical short video platform, has become the king of short videos in the world.

Especially the live streaming of goods has broken through the e-commerce encirclement and suppression by Alibaba, Jingxi and Pinxixi, successfully broke through and grown stronger;

In the future time and space, the most commonly used software by people, besides WeChat, is Douyin;

Scroll through Douyin. Although Douyin is a short video, only fifteen seconds long, before you know it, one hour, two hours, one noon, one afternoon, a day has passed like this;

But when I look back, I don’t know what I saw, but people still enjoy it. This is the magic of it.

At this moment, Byte Dither, in front of Yuanfang Group, even its subsidiary Yuanfang Investment is far stronger than Byte Dither;

On November 6, 2012, Zhang Mingyi went to work as usual. Zhichun Road A, Haidian District, is currently an office with jittery bytes. There were only eight or nine people inside;

During this time, Zhang Mingyi had a very headache, and the reason for the headache was very simple;

No money.

Yes, you read that right, byte jitter, which hit trillions in market capitalization in later generations, has no money now;

The previous byte jitter was all contributed by Zhang Mingyi and his founding team;

However, personal funds are always limited, especially since ByteDitter is an Internet product and there is currently no profit channel. The initial investment will be beyond imagination;

Looking at the increasingly shriveled wallet and the confused expressions of the rest of the team, Zhang Mingyi was also very uncomfortable;

During this period, Zhang Mingyi did come into contact with many investment companies, but because Byte Dither is currently relatively small, he met only those venture capital companies that did not go out much. Not only were their valuations low, but they also wanted to achieve a controlling stake.

degree;

This point is difficult or impossible for Zhang Mingyi to accept;

If, once the business I start is no longer under my control, then I will sell all my shares and leave completely. This is what Brother Qiang, the boss of Jingxi, said;

Similarly, it is also the inner persistence of many entrepreneurs, and Zhang Mingyi also has this idea;

In this way, time passed day by day, but there was still no funds;

Just when Zhang Ming was lamenting that the United States spent hundreds of millions of dollars on a single election campaign, an uninvited guest suddenly came to Byte Dithering's office.

Looking at the messy office at this time, Zhao Hui, who had come from far away from Yangcheng at night, was not used to it;

Although during the startup period, the team's life rhythm and hygiene habits were really average, Zhao Hui rarely saw such a messy office;

Zhao Hui, the general under Wu Yuanfang of Yuanfang Investment, is mainly responsible for Yuanfang Investment. As long as the evaluated value of the enterprise being bid is no more than 30 million yuan, Zhao Hui is fully capable of making the final decision on his own. This shows Zhao Hui's ability and Wu Yuanfang's

trust in him.

However, before thinking about it, Wu Yuanfang specially called him into the office and said seriously: "Old Zhao, there is an urgent matter that requires you to go there in person and find the Byte Dithering company we investigated last time, and then do your best.

It is possible to obtain the other party's equity without interfering with the other party's operations.

"Hello, Mr. Zhang, I am Zhao Hui from Yuanfang Investment. I apologize for disturbing you";

Zhang Mingyi was a little confused at this time. Investment from afar was something he could only hope to achieve;

And the Zhao Hui in front of him is the most powerful person in Yuanfang Investment besides Wu Yuanfang and An Ruotong;

In the past, if we could find a distant investor and the other party was willing to invest, there wouldn't be so many messy things.

"Hello, Mr. Zhao, I am Zhang Mingyi from Byte Dithering. Welcome to visit our company";

"Changhua, clean up the office";

Looking at the messy office, Zhang Mingyi was a little embarrassed and quickly asked someone to clean it up. At the same time, he took Zhao Hui to the office.

"What is the situation, what is the origin of this Mr. Zhao, that makes the boss so polite?";

"I guess it's an investor. The boss has been soliciting investment recently."

…

Zhang Mingyi and Zhao Hui, who had already entered the conference room, had no idea that discussions were going on outside.

Half an hour later, Zhang Ming sent Zhao Hui out of the Byte Dithering office with a glowing face;

Originally, Zhang Mingyi wanted to extend his friendship to the landlord, but Zhang Hui refused because Zhang Hui had other arrangements in the afternoon.

“Brothers, our Byte Dither has attracted investment”;

Zhang Mingyi excitedly told everyone the good news in the office;

Sure enough, when everyone heard Zhang Mingyi's words, they all screamed with excitement;

They came together to start a business, not just for their original dream, but also to realize their dream of financial freedom;

But reality is often far from their dreams. When their own funds are almost exhausted, and no new funds come in, one can imagine how desperate they feel in terms of panic and confusion;

But at this moment, their boss Zhang Mingyi actually told them that a venture capital investment had already been made in their company.

"Boss, how much is the valuation and what are the other party's conditions?"

As the second-in-command, Changhua came out of his excitement and quickly asked the question that everyone was most concerned about.

"The valuation is 10 million, and the other party invested 3.5 million, accounting for 35% of the shares. At the same time, it also provided some channels for their distant investment to help us promote it. The most important thing is that the other party will not interfere with our company's operations if it is not a matter of principle."

Not to mention other people, even Zhang Ming couldn't believe it now;

Although some people previously valued them at US$1 million, due to the deterioration of the general environment, the current value is no longer worth that much;

But the second-in-command of Yuanfang Investment came to the company in person, gave such a high valuation, and did not interfere with the company's operations. It can be said that Yuanfang Investment truly loves ByteDitter and has almost no requirements except for shares.

"Haha, our Byte is about to take off";

At this time, everyone began to cheer. Isn't this the time to start a business?

As for Zhao Hui, he is also a little confused now. Although Byte Dither has some potential, it is just like that. Even compared with the hot tabloids they blocked before, there is a big gap;

But for such a small business, they asked Wu Yuanfang to personally tell him to handle it.

Seven or eight years later, when ByteDance entered the altar, although Yuanfang Investment's shares were diluted to 9.65%, this investment was also one of the most successful investments in the history of Yuanfang Investment.

No one knows these afterwords at this time;

Wu Yuanfang just felt that Ma Yibo's judgment had a certain degree of credibility, so he casually invested in a company that looked good;

Zhao Hui also followed Wu Yuanfang's instructions and went to negotiate investment;
Chapter completed!