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Chapter 1112: Chapter 972: It’s Not My Incompetence, It’s the Opponent’s Craftiness
For a moment.
Rustling of paper echoed through the conference room.
After skimming through the documents,
the people from Sequoia Capital had just looked up
when they were met with a fighter’s confident and sharp gaze. They thought to themselves, "This isn’t good," realizing that the young ERV chairman, Tang Qing, was clearly well-prepared and wanted to sell ERV’s stocks for a good price.
Moreover, he had done his homework, catching them off-guard with the document.
Giving them no chance to question,
the fighter spoke first.
"Gentlemen, as you can see, ERV has a very strong profitability, no debt, and no bad assets, which is why you are sitting here."
"You might think some of the company valuations in there are inflated and not worth the price, but what I want to say is that ERV’s potential has not been fully tapped. What you see is ERV’s present, what I see, is the future."
"Your thoughts are actually the same, to get involved early and achieve the maximum investment return, but this does not align with my interests. If it were not for the fact that our ERV strategy needs a little of your assistance,
Otherwise, if it were just for money, I would not sell any shares. With ERV’s financial reports, getting a loan of a few billion dollars from any major bank would not be difficult at all.
This is something I hope you will keep in mind during the upcoming negotiations. This isn’t a venture capital negotiation, nor are we short on funds. What we lack are visionary, capable, and sincere partners."
It was a long speech.
The meaning expressed was also very clear.
It is you who want to take a stake in us, not me begging you, so please mind your language when trying to drive the price down.
Indeed.
This kind of unorthodox speech
disrupted the steps of the representatives from the various companies. Yes, they wanted to make money, but it was the other who needed the money, and the words even conveyed another message: ERV needed help with a project.
"May I ask, what help are you referring to?" asked Winters, the manager from IDG, the first to speak.
As a partner,
he had not heard of any major moves from ERV.
"I’m sorry, that’s only for the Board of Directors to know. Let’s start with the stock issue. Twenty percent is the most I can offer.
Of course, if you are willing to pay double my valuation of fifty billion dollars, I might consider selling another ten percent of the equity. Otherwise, there’s no deal," said the fighter, drawing a line.
"..."
This attitude from the chairman.
It was outrageously arrogant.
Double the asking price?
Are we fools? This is indirectly admitting that your paper value is one hundred billion dollars. At this price point, their profit margin would not be much, unless ERV’s market capitalization exceeded two hundred billion dollars after going public.
The representatives from various companies looked at each other in dismay.
The fifty-billion-dollar quote was far too different from their estimations; they had to inform headquarters before they could decide whether to continue the negotiation.
However,
some companies sent more significant representatives.
The representative from Microsoft spoke,
"Sir, fifty billion dollars, I believe that far surpasses ERV’s actual value. ’Warfire,’ after all, is only a game, and it is still uncertain how long it will stay popular, as other manufacturers are also continually introducing similar online games."
The fighter smiled, "I don’t deny that. However, why then does ’Warfire’s’ online user count continually increase? I think your company should know that ’Warfire’s’ core competitiveness is not just as a mere online game.
It is about constant progress. All games that try to copy ours gradually lose interest in the market. With our technology, ’Warfire’ can easily stay at the top among similar games.
Most importantly, how do you know we only have ’Warfire’ and won’t have other online games coming out?"
"Do you have plans for new game development?"
Once this question was raised,
many were taken aback. 𝘯𝑜𝘷𝘱𝘶𝘣.𝘤𝘰𝑚
One ’Warfire’ had already been so successful.
If they launched another, could this be the source of confidence for a game company’s twenty billion dollar valuation?
The fighter said, "Of course, never-ending progress is the spirit of ’Warfire.’ I can tell you here that it will be a game not inferior to ’Warfire.’"
Since the launch of ’Warfire,’
the new game had already been planned.
It had already been created, and not just one, but temporarily kept under wraps due to limited human energy. Two equally enjoyable games would split the users of their own game.
Thus, Tang Qing was in no rush to release it.
"Even if this new game is not inferior to ’Warfire,’ a two-hundred-billion-dollar valuation still seems a bit high because this does not mean the game company’s profits will double. At any given time, players will only play one game."
Samsung’s representative quickly seized the key point.
"You are correct, but did I say that the new game’s target audience would be the same as ’Warfire’? ’Warfire’ is targeted towards men who like adventure and passion, whereas the new game is aimed at women," said the fighter.
"Women play games less, right? They can’t compare with ’Warfire.’"
"Do not underestimate women’s spending power on entertainment, just like with cosmetics, clothing, and jewelry, never underestimate women, nor their spending power."
"..." Samsung’s representative was speechless; I didn’t underestimate women.
But still, how to make money from women through games, he did not know.
"How do games attract female consumer spending?"
Another person asked.
Samsung’s representative looked over, seeing that the person from Sony was even more direct.
