Grab the throat
"National Treasure TV?"
Zhou Xing looked sideways.
"That's right..."
Wang Xiaocong nodded, with a bit of bitterness on his face: "This is also the reason why I came to Shanghai, just to see if I can attract new investors." "
If I can't. If that happens...our internal funds will probably have problems."
Zhou Xing asked: "How long can your funds last?"
"Less than three months."
Wang Xiaocong stretched out his hand. Three Fingers: "During this period, there is no way to introduce new investment, and there will be interruptions during this period... The live broadcast platform is very expensive. If you want to expand the scale, users have to rely on real money. Come out."
Zhou Xing was a little surprised.
According to the trajectory, the collapse of Guobao TV was officially announced on March 8, 2019.
distance now.
There are still nearly two and a half years left.
You must know that Guobao TV was established in July 2015 and officially launched on October 21, 2015.
So far, it has only been a year.
Born with a golden key, Guobao TV has attracted the attention of capital since its establishment.
Among the investors, Internet tycoon Zhou Hongyi and well-known capital investors such as Industrial Securities Capital and Guangyuan Capital came to the platform one after another.
With the support of capital, the valuation of Guobao TV has soared.
If Zhou Xing remembers correctly, Guobao TV should have received 650 million yuan in Series A financing for Panda Live, which was launched less than a year ago, with a valuation of 2.4 billion yuan.
Guobao TV is in a period of smooth growth and rapid growth.
It has actually become so difficult.
If there is no replenishment of funds for three months, the capital chain will be broken.
This kind of ecology itself is somewhat abnormal.
Facing Zhou Xing's surprised gaze, Wang Xiaocong immediately explained: "Actually, the National Treasure TV project has been incubated very well in my hands, and its prospects are excellent... Now is the era of live broadcasts, I have a hunch , the live broadcast industry will develop better and better in the future, just like e-sports, which no one looked up to before."
Zhou Xing nodded slightly.
Wang Xiaocong's business vision and judgment are still very accurate.
"But the live streaming industry is too expensive. There is no way e-sports can compete with this. If you want to grab users, you have to spend money, so I started a Series A investment. I thought it could alleviate the current predicament."
Wang Xiaocong mentioned this, He gritted his teeth and said, "As a result, I sold a large number of shares. Not only did it not alleviate the current predicament, it actually aggravated the company's conflicts."
Zhou Xing was not surprised by what Wang Xiaocong mentioned.
Past life news...
has already disclosed the important reasons for Wang Xiaocong's National Treasure TV.
Digital Security Systems accounts for 19.35% of the shares, the total shareholding ratio of the investment team is about 32.77%, and Wang Sicong only has 40.07% left in the end.
National Treasure TV suddenly became a three-legged situation.
Wang Xiaocong does not have absolute controlling rights and cannot veto with one vote... Then it is bound to happen that major investment teams will seize power.
Each team maintains different opinions on the development of Guobao TV.
Well they are involved.
Not only will it not be of any help to National Treasure TV, it will only continue to increase internal friction and accelerate the decline of National Treasure TV.
Wang Xiaocong himself serves as capital.
Naturally, we understand the virtues of capital. They are all wolves in human skin.
Smelling the smell of blood, they rushed forward.
After eating up all the flesh and blood, he retreated faster than anyone else.
Wang Xiaocong suffered a serious setback this time, but he was obviously unwilling to do so.
The funds here are at a loss.
We can only bite the bullet and seek investment, so that Guobao TV can continue to support itself and at the same time, see if there is a way to regain control of the company while reducing its holdings and increasing capital.
"It's funny to say...I'm a founder, but now the company can't get in the middle of the conversation."
Wang Xiaocong laughed at himself.
"Old Zhou, brothers are in the mud right now. Can you give me a hand? The potential of the live broadcast industry is huge and unimaginable. This is a huge cake with an astonishing scale."
Wang Xiaocong looked at Zhou Xing: " This time I was in trouble, and I admit it. But we must not let those two bastards continue to act so wantonly. You can provide some funds here, and the two of us will join forces. We will see if there is any way in the future. Kick this piece of shit out."
"Even if we can't be kicked out, with the two of us together, the company won't be able to make the decision, and then Guobao TV can continue to develop well. With the current momentum, the C round, D round and Pre -After the IPO round, you will never lose money. Your investment company has just been established, so you can just use this to get off to a good start."
Wang Xiaocong is still extremely optimistic about the prospects of Guobao TV.
His only regret is that...
he failed to sign good terms in the contract at the beginning of the investment, and investors were not allowed to interfere with the company's operations.
Emily and Elise on the side both had a little confusion in their eyes.
Although they are fluent in Chinese, it is still difficult for them to fully understand some of the vocabulary based on their understanding of Chinese.
Like 'mud'.
I wonder if Wang Xiaocong is like them.
It's almost thickening.
Zhou Xing shook his head slowly.
When Wang Xiaocong saw this, he was not disappointed.
He clearly knows that...investment cannot be solved in a few words, and currently it is just a verbal negotiation.
Let's see if we can find any chance here in Zhou Xing.
Zhou Xing said slowly: "The prospects for live broadcasting are good. I have the same opinion as you on this, but I am not optimistic about your project."
Wang Xiaocong was a little confused.
Before Wang Xiaocong could speak, Zhou Xing said: "As for investment... I won't consider it for the time being, but I have a way to help you get out of your current predicament. Do you want to listen to it? "
Old Zhou, tell me."
Wang Xiaocong looked solemn.
"If they want to fight for power, let them fight for it."
Zhou Xing said calmly: "You should seize the time to package and sell your shares and get out."
Although Guobao TV has serious internal conflicts.
affected its development.
But whether it is Wang Xiaocong or the capital of the other two companies, they all have one idea in mind.
That is, just grab the right to speak.
Then National Treasure TV will definitely be able to take advantage of the situation and skyrocket.
So they are unwilling to give up this piece of cake.
If Wang Xiaocong was willing to sell his shares at this time, they would be eager to take them all in, and even buy them at a premium due to his capital-eating nature.
"Let...give up?"
Wang Xiaocong was stunned.
His first reaction was to ask him to give up his shares. How could this be possible?
Not to mention that he signed a gambling agreement with capital.
Once the project fails.
He needs to personally bear the losses of the entire company.
And...
this is obviously an excellent project. As long as the internal problems can be solved, it is obvious to make a profit and go public.
This can be seen from the attitudes of digital security companies and Industrial Securities Capital.
The industry is generally extremely optimistic about this project.
Otherwise, the struggle for power would not be so serious.
At this time, if you step out...that would be a failure.
Although it counts.
He can also make a small profit.
But compared with the profits after listing, it pales into insignificance.
"Old Zhou, are you kidding?"
Wang Xiaocong said, still a little unsure.
"Are you kidding?"
Zhou Xing asked.
"As the founder, if I quit now, won't my work be in vain?"
Zhou Xing glanced at Wang Xiaocong: "It's better to work for nothing than to bear the responsibility for losses."
Wang Xiaocong felt nervous when he heard this. Thinking of Zhou Xing's background, he immediately asked He said, "Old Zhou, do you know some inside information?"
"There is no inside information."
Zhou Xing shook his head.
"Then..."
Zhou Xing explained: "Because the failure of your project is obvious." "
How could it be?"
Wang Xiaocong was confused. His project had a bright future, so how could it be destined to fail? ?
"Remember your e-sports ACE League, right?"
Zhou Xing suddenly changed the topic.
Wang Xiaocong nodded.
"How is the situation now?"
Zhou Xing asked.
Wang Xiaocong's expression was stagnant. His ACE Alliance was established in the barbaric era of e-sports. It emerged as a standard for the e-sports industry, organized competitions, and established systems...
It was because of the ACE Alliance that e-sports developed rapidly.
However, when Penguin saw the potential of e-sports, it entered with force and used its official status to replace the ACE League.
It's okay not to mention the ACE Alliance now.
"Why are you mentioning this all of a sudden?"
Wang Xiaocong looked resentful. The ACE Alliance was his first investment after returning to China. At the height of its popularity, he was hit hard by Penguin.
It is precisely because of this that he has always been hostile to Penguin and has always been resentful.
Zhou Xing said meaningfully: "Then how can you be sure that the penguins will not pick your peaches for the second time?"
"Live streaming platforms have sprung up like mushrooms after a rain. If penguins want to pick peaches, they must have this ability."
When Wang Xiaocong mentioned Penguin, he was still a bit unhappy in his words: "They act in a domineering manner. It's impossible to capture all the live broadcast platforms. If he is willing to pay for it, then just pretend that I have nothing to say, and I won't lose anyway."
" What if he chokes you?"
Zhou Xing asked back.
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