nyslfriends #376 - Flowers blooming everywhere
#376 - Flowers blooming everywhere
Almost at the same time, in London.
Liu Jiayi was discussing financing matters with John. Griffin. Wolfe, a director at Barclays, a top investment bank in London.
Like Ma Zhiyuan, Liu Jiayi, who had studied at Oxford and earned a Ph.D. in physics, ventured into London with tape recorder technology.
After earning 500,000 pounds in futures trading on the London Stock Exchange, he founded Goldenstar Company, producing Star-brand single-cassette tape recorders.
According to the speaker output power, there were three different products, priced at 199 pounds, 249 pounds, and 299 pounds respectively, with annual sales exceeding 1 million units.
For music lovers, the tape recorder was simply a godsend, but because the price was relatively expensive, sales had not yet become as popular as televisions, but it had already established a great reputation among the British upper class.
"Mr. Liu, Barclays has a long history, and we dare not say we are the best in investment banking, but we have indeed invested in many well-known companies.
We have rich experience in guiding a newly established enterprise to grow rapidly, and in terms of valuation, we will not treat your company unfairly," Wolfe said politely, but with no emotion beyond politeness.
Honestly, having to look for a yellow-faced person made Wolfe feel a bit uncomfortable.
For years, yellow-faced people had been begging him for help, fighting tooth and nail for the chance to be compradors.
Now he had to turn around and beg a yellow-faced person for help; if it weren't for the money, he really wouldn't want to come.
"Mr. Wolfe, I am very grateful for your company's attention.
Our Goldenstar Company has successively received visits from Standard Chartered, HSBC, and Lloyds.
In terms of valuation, we value the pre-investment at 3 billion pounds for the A-round investment, with the first round of financing being 300 million pounds for the construction of new factories and channels.
If Mr. Wolfe is interested, you can invest with these companies," Liu Jiayi said neither humbly nor arrogantly, understanding Barclays' ambition to occupy a major shareholder position.
However, how could he allow one company to have a monopoly?
London was not an easy place to break into; compared to the rogue eagles, the people here were even more arrogant and difficult to deal with.
Fortunately, Liu Jiayi was also venturing with a cheat-like script.
For such talents, they would think of other ways to solve the problem, such as investment and financing.
"Mr. Liu, how about we sign a gambling agreement? If Goldenstar's sales can reach 1 billion pounds within three years, we can value it at 4 billion pounds," Wolfe certainly understood Liu Jiayi's previous investment and financing plans.
It was precisely because he had figured out the bottom line that he made his final appearance, preparing to dig a big hole for Liu Jiayi.
1 billion pounds was a very large number.
According to the team's understanding of Liu Jiayi, this person had a bold and daring style.
When he first ventured into London, he used all his assets of 3,000 pounds for futures trading to get rich.
Logically speaking, this kind of personality should be easily moved by their increased bets.
1 billion pounds, Barclays was actually taking a risky move.
However, Barclays behind Wolfe was not really making a crazy investment.
Liu Jiayi's tape recorder technology was likely to become a must-have product for home entertainment, just like television technology.
Liu Jiayi did not yet have the ability to promote this product to North America, but he had only carried out preliminary market development in Europe and sold as many as 1 million units.
If the North American market was opened, the future tape recorder market would probably be a market of tens of millions, just like televisions.
That is to say, it could sell billions of pounds a year!
Of course, Barclays hoped to control such a company in its own hands.
Barclays would not easily let go of truly valuable companies.
"No need, we will not complete the financing in a gambling way.
The conditions we discussed earlier, if Barclays is interested in joining, then participate in the financing like HSBC and Standard Chartered.
Our equity is divided into AB shares with different voting rights.
The original A shares have 3 votes of ordinary shares, and the B shares after financing only have 1 vote," Liu Jiayi resolutely refused.
Just kidding, these tricks had already been popularized and trained before departure.
On this matter, he could slow down the development.
He would rather have a slower financing pace and proceed steadily, but in order to truly gain a foothold in Britain, he had to transfer part of the benefits and form a complex relationship through stock listing, so that their plundering of the company must be carried out in accordance with the rules.
In this way, Liu Jiayi had a great chance of preserving the results brought by these technologies.
Because among the initial shareholders, some heavyweight figures from Hong Kong Island were naturally arranged to participate, taking nearly 20% of the shares as angel investors, and also rightfully providing Liu Jiayi with assistance in areas such as law, talent recruitment, and channel construction.
In fact, after Goldenstar was established, a branch was established in Hong Kong Island, responsible for market development in the Asia-Pacific region, but now it has only explored sales in several major cities in Southeast Asia, and has not even penetrated Australia.
"Mr. Liu, in fact, we can also allow a part of the cash-out, there is no need to invest all the financing into the company," Wolfe hesitated for a moment, and finally struggled.
"No need at all, Mr. Wolfe, I personally don't have much interest in money.
I hope our products can enter more families and bring music to families more conveniently, using technology to change people's entertainment life," Liu Jiayi said with a smile.
"We can work together to promote Star to billions of families around the world.
Next, we will develop a smaller tape recorder, so that people can carry it with them and enjoy the happiness brought by music anytime, anywhere."
Removing the speaker and listening with headphones at any time, from a technical point of view, there is no essential difference from tape recorders.
After bringing some old financial rogues from Britain into the financing, they could speed up the development of Goldenstar in order to obtain their own interests.
After all, who wouldn't want to invest in a dark horse that develops tenfold?
Even if the share released in the A round is only 15%, the performance of doubling sales in one year is also outstanding among these investors.
After all, for senior executives of investment banking companies like Wolfe, they are very much in need of such performance.
Most of the investment money they take is not their own, but the wealthy capitalist class.
Therefore, seeing Liu Jiayi, who was very wary of investment and financing, Wolfe finally had no choice but to join in and follow the investment, taking a 5% investment share and investing 150 million pounds in real money.
With this money, Liu Jiayi could not only build a new factory to double production capacity, but more importantly, this new factory could be built in North America, starting factory and sales channels in his next major market.
The new company's development directly soared onto the fast track!
Ren Zhong's Submerged Dragon Plan began to blossom everywhere in the European and American markets in terms of special steel, electronic products, communication products, and machine tools.
Among them, the best have grown into market leaders at the level of tens of billions, and began to harvest the leeks of the European and American markets.
However, all this was just the beginning.
As these pioneers started in their respective selected goals, they would gradually penetrate the entire market, harvest enough resources, and wait for the opportunity to directly feed back to Dongda when the time comes.
On the battlefield, there are Li Yunlong and others who conquer cities and seize land.
In the business world, there are also Ma Zhiyuan and Liu Jiayi who overcome obstacles and expand territory!