Nan Nan Lan: By the way, you asked me to keep an eye out for any new Instant Messaging software. I found one that seems to be called iq; it just went online and is much faster than your software.
Jiang Yizhou stared at the computer screen, realizing it was bad news. The original version is online, and they are in the United States, where the network environment is much better than here. Moreover, their servers and connections are superior to Jiang Yizhou's.
Lack of funds really complicates many things; many features that should naturally be included in Instant Messaging have been temporarily cut out, leaving only tears behind.
Now the registration count has exceeded ten thousand, with over three hundred online at the same time. Just the shabby server that he and Wu Ming put together is barely enough.
He was worried about both the lack of user growth and the potential for user growth, feeling a bit like the hot potato that Ma Ge experienced in his past life.
To achieve something great, even if he knows that continuing would undoubtedly make him the richest man in Asia, it really depends on whether he can persist.
No matter how grand the idea is, it must overcome obstacles and accumulate effort to be realized.
Hermes: I got it. Send me the download link; I'll take a look.
In a bad mood, Jiang Yizhou chatted with the girl for a few moments before logging off.
"What’s this? I’m trying to help him, yet he’s so ungrateful!" Ding Zhengnan slammed her mouse down, feeling that Jiang Yizhou was somewhat distant from her. At least… at the airport, aside from not coming out, he showed such obvious indifference without any reaction, which made Ding Zhengnan very angry.
What infuriated her even more was that when Jiang Yizhou handed over those domain names to her, he actually faxed over a shareholding agreement. Besides handing over management rights to him, he gave Ding Zhengnan 5% of the shares. What does this mean? Does he not want to owe her anything?
The sense of alienation was what Ding Zhengnan identified as the issue between them, or perhaps Jiang Yizhou's attitude had caused this situation.
She used to know nothing about Instant Messaging or even the Internet; she continuously supported him. When it came to the Training Class, she also helped wholeheartedly. Doesn’t he understand any of this?
"Ah~~~ I'm so mad!" Ding Zhengnan rubbed her smooth hair until it became a mess before finally stopping.
She began to realize that for Jiang Yizhou, distance is quite an important thing. If it weren't for needing something from her, he probably wouldn’t apologize until she returned home after completing her studies.
"Ding Zhengnan, you seem to be in poor spirits lately?" Just back from work, Lu Feiyan had a permissive attitude towards Ding Zhengnan, but given the current situation, she still felt compelled to ask.
"Auntie, I want to ask you something," Ding Zhengnan said as she saw the gray prompt in the chat window. She closed the software and turned off her computer before asking.
Lu Feiyan wore a playful expression on her face. "What’s up? Did you encounter something, Ding Zhengnan?"
Her troubled expression likely hinted at the nature of the issue.
"What if an idiot just won't wake up?" Ding Zhengnan spoke with a hint of resentment, clenching his fists and widening his eyes.
"I see. Does my sister and Brother-in-law know?" Lu Feiyan asked.
Ding Zhengnan looked somewhat taken aback. "They know. My dad doesn't care, but my mom is a bit... never mind, Aunt, don't pry into it. Just give me some suggestions!"
Lu Feiyan tore a piece of paper from a stack on the table, crumpled it up, then slammed it down on the table. "If he won't wake up, you just help him wake up! Smash his shell!"
It was that simple and crude. Ding Zhengnan felt it was somewhat unreliable. "I... I kissed him before boarding the plane at Beijing Airport, then slapped him. Does that count?"
"Of course it counts! Well done! For dealing with this kind of person, you have to be bold and straightforward. Don't second-guess or be paranoid. Of course, this is assuming he's really just an idiot and not some scumbag! So what happened next?"
Lu Feiyan was quite interested, pulling Ding Zhengnan out of the study, grabbing snacks, and eagerly sitting at the table to hear his story.
Ding Zhengnan slightly opened his mouth. "Then, I didn't dare to say anything and just ran away."
Serves you right! What are you afraid of? Are you scared of hurting him? How could that be possible!
Lu Feiyan sighed and rubbed her forehead. Wasn't this kid supposed to be more boyish before? How did he end up like this now?
...
"Lao Wu, come take a look! This is a new software from the U.S.!" Jiang Yizhou pulled Wu Ming over to share his discovery.
"We need to speed things up; the delay is too much!" After analyzing everything, Jiang Yizhou concluded.
Wu Ming looked at the results from various tests and nodded seriously. He didn't oppose anything because he didn't have any shares in it—at least not now. As for options, they would only matter if they succeeded first; for now, it was about how many concessions Jiang Yizhou was willing to make.
Jiang Yizhou no longer hesitated over his small share; only shares gained after success were valuable.
Since he could only find IDG as a venture capital partner without the luxury of being picky, Jiang Yizhou had to grit his teeth and not back down, while the other party wasn't in a hurry and could only accept it for now.
After contacting IDG and agreeing on a time and place, Jiang Yizhou felt as if he had been drained of energy. Indeed, even a penny can thwart a hero; let alone someone like him who arrogantly sought quick riches.
Upon entering the agreed-upon conference room, Jiang Yizhou and Wu Ming sat across from the IDG group.
"Jiang, this time, I hope it won't be a wasted trip for me," Zhou Quan said with a relaxed and friendly smile. His interactions with Jiang Yizhou had been quite beneficial; at least the proposal of the VIE structure had resolved the issue of foreign venture capital investing in domestic companies' equity ratios. This left him in awe of Jiang Yizhou's capabilities and made him more appreciative of his skills. Now, it was just a matter of price.
He offered 1 million Dollars for a 40% stake, while Jiang Yizhou requested 500,000 Dollars for a 0% stake.
Although there was no difference in terms of ratio—wasn't it just doubling?—for startups, the later they secure funding, the better. Ideally, they should wait until their funds are nearly depleted before seeking investment. Each round of financing is merely meant to support the company's development and expansion for a limited time.
The valuation would vary over time; for example, software with 10,000 users versus software with 100,000 users. Giving up such a large percentage of equity now would only be done out of necessity unless there was trust that the investors wouldn't exploit the situation or seize control.
"I agree to 1 million Dollars for 40% equity!" Jiang Yizhou struggled until now mainly because he didn't want to give away so much equity so early. However, IQ had already emerged; if he fell behind, he would only be able to muddle through domestically.
"Pleasure to cooperate!"
"Pleasure to cooperate!" Zhou Quan shook Jiang Yizhou's hand vigorously.
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