Paramela goes to Yangpu.

Smoothly throwing the street lights behind the car.

The colorful nightlife in Shanghai has just begun.

Guan Qiuhe looked at the place illuminated by the headlights in front of the highway and said, "Do you have a little bit of personal admiration for Lei Zhen?"

"The funds that Frontier can use now are 11.8 million, which is equivalent to investing it all in one go."

"For a company that doesn't even have a prototype product, it's a bit excessive for you to directly give it a valuation of 100 million. I can understand why it invested in Wang Xing's Meituan."

Fang Nian smiled and asked, "If it were you, how would you invest."

"2 million for 10%, RMB." Guan Qiuhe said seriously.

Hearing this, Fang Nian slapped his thigh: "It's a loss, I shouldn't have directly intervened in the negotiation!"

Guan Qiuhe was shocked.

Then he said dissatisfiedly: "Then you voted without asking me. Who is to blame?"

"Even if Lei Zhe has rich network resources, Qian Angel's current size is not enough to qualify for participation in the angel round, but it would be good to participate in the A round. There is no need to engage in such a loss-making business."

Fang Nian laughed: "If it reaches the A round, the price will be too high."

"I don't admire Lei Zhe, but I recognize his skills and abilities in capital operation."

Guan Qiuhe took over: "I guess Lei Zhen will feel that this is the most correct business he has ever done in his life. He used his name in exchange for a valuation of 100 million."

"It's possible, but..." Fang Nian smiled broadly.

Looking at Guan Qiuhe: "Sister He, when Xiaomi officially establishes its office, you will look back and know how much hard work I put in tonight to make Lei Zhen think that this was the right decision for him."

Guan Qiuhe raised his eyebrows: "Huh?"

"Okay, then I'll wait and see."

Fang Nian didn't say much, but said: "I hope the loan can be disbursed faster."

"Lei Zhe has taken some time out in the past two days. After talking with him, I plan to exchange another 2 million US dollars for 10% of the shares."

Guan Qiuhe opened his mouth, with a look of disbelief on his face.

"Aren't you crazy?"

Fang Nian said with determination: "I estimate that Lei Zhe will officially establish Xiaomi in a month at most, and the valuation by then should be US$25 million."

Guan Qiuhe had at least a hundred questions that he wanted to ask Fang Nian, but in the end he held himself back.

If it weren't for Guan Qiuhe, Fang Nian wouldn't have such a good opportunity to intervene.

At this stage, the current valuation of Xiaomi by Lei Zhe and the capital he is familiar with is actually still fluctuating at US$10 million.

Fang Nian analyzed this based on his memory and communication with Lei Zhe.

So Fang Nian directly gave him a valuation of RMB 100 million, and the deal was concluded.

Now Fang Nian also wants to acquire another 10% of Xiaomi shares at a total valuation of US$20 million before the final round of financing.

A total of 20% is enough.

In Xiaomi's subsequent rounds of financing, it only needs to ensure that its shares are not diluted.

Thinking about these things, Fang Nian said: "I will not participate in Meituan's investment."

Guan Qiuhe blinked and asked: "Then how much investment do you expect from Meituan?"

"It would be best to exchange 1 million US dollars for 10% of the shares in March," Fang Nian said casually.

Although Meituan's early development was not smooth and it burned money, it is still very valuable in the eyes of capital.

By the time of Series A financing in September this year, the valuation would have reached over 100 million US dollars.

Although Meituan.com has done a lot of things during this process and has blossomed all over the country, pushing up Meituan’s valuation in the eyes of capital, it was worthless in the beginning...

…………

While waiting at the traffic light, Guan Qiuhe suddenly said: "You seem to be just interested in getting to know Lei Zhe."

"Is it because of his capital connections and the 1.5 billion valuation he mentioned?"

Regarding this question, Fang Nian had already anticipated it and said, "Yes, and no."

"I am indeed interested. There are factors in it due to his capital connections. As for the valuation of 1.5 billion, I am relatively optimistic. It may eventually exceed imagination."

“‘Greeting for fun’ seems not so worthless in the eyes of capital.”

Guan Qiuhe was a little confused: "I think even 1 billion is difficult. Why do you think 1.5 billion is not optimistic enough?"

"Maybe it's because from now on, it's a capital game." Fang Nian explained.

Then he added: "Tomorrow's regular meeting will have to discuss some results, such as how to cooperate with Steam on 'Minecraft' and 'Fun Fun Game Platform'. The specific operational strategy, anyway, the general direction is clear."

"Um."

When the green light turned on, Guan Qiuhe drove forward and said, "Are you really not going to participate in tomorrow's meeting?"

"I don't plan on it. It's unclear whether the new CEO will be qualified for the job anyway, and we haven't given him any shares for the time being." Fang Nian smiled.

Yes, in the end Guan Qiuhe accepted Fang Nian's suggestion and changed to another way of agreement.

The high annual salary + stock ownership remains unchanged.

However, whether you can get dry shares depends on your contribution to the company.

It has been discussed that dry shares will also be 0.5%.

Personally speaking, Fang Nian very much hopes that the new CEO can handle things well.

On the one hand, Guan Qiuhe can free up part of his energy from being "greedy for fun", and on the other hand, the development of "greedy for fun" will be better;

The final step is to reduce energy investment every year.

Let’s wait patiently for ‘Fun Fun’ to grow bigger and stronger.

In the end, it is nothing more than striving to integrate the win-win concept more deeply into the corporate culture of "fun-loving".

Fang Nian has not yet found the answer to this point.

Can't rush.

At 10:20 p.m., Fang Nian got off the car at the gate of Nanlou Community and said goodbye to Guan Qiuhe.

…………

…………

Monday, March 8th.

‘Fun-loving’ The first thing a new CEO does when he arrives on the job is to attend the weekly meeting.

For some reasons, Wen Ye, who was obviously very busy, still attended the meeting on behalf of Fang Nian.

Early in the morning, Wen Ye ran away and had to give Fang Nian a live text broadcast.

At the beginning of the meeting, Guan Qiuhe introduced the newly joined CEO, Wu Hong.

"Mr. Wu Hong is thirty-eight years old. He used to be the company's operations manager and the company's CEO..."

"Join our company now as CEO, everyone applauds and welcomes you."

"..."

After the scattered applause in the conference room, Wu Hong briefly introduced himself.

"Hello everyone, I am Wu Hong, a new employee. Please take good care of me at work in the future. Thank you."

This was also the only thing Wu Hong said during the entire meeting.

Because he currently has no understanding of the business model, business conditions, etc. of "Fun Fun".

Not to mention having any say.

Before discussing formal affairs, Guan Qiuhe said a few more words: "The next regular meeting will be chaired by Mr. Wu."

"Several people will join our management one after another. The development plan set last year will be fully launched starting from this week."

"I hope everyone can work together."

"..."

The next thing to discuss is the first thing, whether Minecraft should be free or toll-free.

"..."

In the end it was still undecided.

This is normal and involves the company's long-term development direction.

Although in the short term, it may not make any difference.

You can make the same money, but in the long run, the difference will become bigger and bigger.

Then there is the online testing of the game platform the day after tomorrow.
To be continued...