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With Jiang Yizhou as the founder, although his abilities are sufficient, his personality and identity have flaws. This led McGowan, who recently offered generous terms for the lead in the second round of financing, to ultimately accept America Online's offer with a smile.
Capital knows no bounds, especially since America Online's offer has reached a valuation of 700 million Dollars. The investors entering in the second round have gained seven times their investment without doing anything, while the earliest idg China is close to a three hundred times return.
This is the essence of venture capital; investing in a hundred companies means that as long as one succeeds, costs can be recovered, or even profits made.
Aside from idg China's shares, other investors are also in negotiations. Given the current valuation and America Online's determination to acquire, it is unlikely anyone would refuse.
Representing idg China, Xiong Xiaoge signed the equity transfer agreement that had been reviewed multiple times by legal advisors. Since this was conducted discreetly, there were not many people present. The relevant handover had already begun; now it was just the final procedure. Once he signed, he could return home to continue his work.
Whether to feel emotional or regretful is uncertain. It is certainly not a wise choice to confront a rising giant like America Online. However, once acquired, Jiang Yizhou would immediately become the youngest Billionaire in the country, causing quite a stir!
At just nineteen years old, with a fortune of billions! Such sensational news would likely attract many more investment targets for idg China. The entrepreneurial boom is often driven by one wealth myth after another.
However, U.S. taxation is an issue. This time, due to an offshore structure, many problems can be avoided. More issues will arise in the future, especially with such a large amount of capital in hand; it would be better to remind him about this.
Stepping out of the signing venue and feeling refreshed by the sea breeze, Xiong Xiaoge became much clearer-headed. What was I even considering? As long as he doesn't resent himself, that's good enough.
...
When Jiang Yizhou arrived in the capital and got off the train, he saw Song Rushi, who came to pick him up with a serious expression. He listened to what Song Rushi had to say next.
“idg China has transferred its shares to America Online.” That single sentence was enough. As the major shareholder next to the controlling founder Jiang Yizhou, with America Online acquiring their shares, they could proceed further.
“Sister, lend me your phone!” Jiang Yizhou hugged Song Rushi slightly intimately, trying to smile and ease the atmosphere. However, sensing that Song Rushi stiffened momentarily, he decided not to continue.
Taking Song Rushi's phone, Jiang Yizhou called Zhou Quan. “Mr. Zhou, it's me, Jiang Yizhou. I heard you transferred elink's shares?”
His tone carried some anger but was limited to that because his connection with idg was purely based on investment; their relationship was built on the need to unite the board.
There was some silence on the other end of the line. After thinking for a moment, Zhou Quan responded, “Yes, this is a normal equity transfer!”
Jiang Yizhou recalled that during the financing agreement, there were no specific restrictions on transfer, mostly focusing on the rights of increased holdings and voting rights. It was truly a misstep. He needed to find the best lawyer; every agreement in the future had to be rigorous and even more rigorous!
"I hope to recover my IDG shares in Ailumese and Zheng Yi in the future!" Jiang Yizhou said calmly. Everything had already settled, and he could not interfere with anything; he could only make some exchanges.
Zhou Quan considered for a moment and agreed. Jiang Yizhou's current wealth was considerable; if he couldn't afford it, he still had stocks that could be mortgaged for loans, which was also part of gaining understanding.
As an investor, pushing and aiding a startup into a position of being acquired was something Jiang Yizhou had previously expressed.
"Let's go!" Jiang Yizhou casually wrapped his arm around Song Rushi's waist, only to be slapped away by her with a glare before she led him to the car heading to the company.
"Um, sister, who is this?" Jiang Yizhou asked upon noticing an obviously professional woman in the car.
"Hello, I am Shen Qing. Sister Rushi is my senior!" The woman named Shen Qing introduced herself. "I am now your assistant, Jiang Yizhou!"
Jiang Yizhou turned his head towards Song Rushi. "You found someone so quickly?"
There was a hint of different inquiry in his gaze.
"You think too much," Song Rushi did not elaborate further.
She had already discarded the recording tape she used to threaten Jiang Yizhou; such things would not work if a man truly decided to leave. She wouldn't go as far as to have someone monitor him.
It was purely that this junior wanted to find a good job and relied on connections; this was quite normal. Why use outsiders when there were familiar people?
"Shen Qing, right? Can you drive?" Jiang Yizhou lightly raised his hand and instructed.
"I can, but my domestic driver's license is still in process; it will take some time to come through!" Shen Qing replied somewhat awkwardly.
Song Rushi subtly freed herself from Jiang Yizhou's hand and entered the driver's seat. "Then I'll drive!"
Shen Qing's gaze fell on Jiang Yizhou's hand, as if their relationship had become a bit too close.
However, under Song Rushi's urging, she didn't have time to think much and sat down with Jiang Yizhou in the back.
Jiang Yizhou glanced at the rearview mirror and seemed to see a familiar car, but as the vehicle started moving, that car disappeared from view. He didn't dwell on it and gestured to Shen Qing beside him, "You go ahead and explain your situation!"
"I attended the same undergraduate school as Sister Rushi, then went to the United States for my master's degree in finance, with a minor in Computer Science."
And then? Jiang Yizhou was waiting for her to continue, but there was nothing more. He looked at Song Rushi in the rearview mirror and exchanged glances with her.
"Qing's abilities are good; she just lacks some experience. If we draft an agreement, handling taxes can't be left to her alone. We just need to hire a professional Legal Department. She understands the Computer Science and finance sectors much better than you do. It's to ensure you don't make basic mistakes, which is what you lack the most!"
Song Rushi also noticed that Jiang Yizhou had risen too quickly and had too little time to learn, leading him to frequently make basic mistakes. Therefore, someone like Shen Qing was more suitable.
Jiang Yizhou felt a bit embarrassed; this was a fact that even rebirth couldn't change. The accumulation of knowledge is limited for anyone, no matter how capable they were in their previous life. The path he was currently taking was based on insights from his past life to bolster his confidence. As for practical operations, it wasn't much different from a novice entrepreneur.
Just like the agreement with IDG China; if there had been a professional on their side at that time, it could have filled that gap. They wouldn't have found out about the transaction completion only after being notified, which put them in a passive position.
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