Chapter 206
Chapter 206
What needs to be done ahead is to explore the potential and highlights of Miayou.
But this is far from enough, and the most important thing is that Xu Anruo must grasp the current problems and development difficulties of Miayou.
In 2014, Miayou became famous because of Honkai Impact 3, with annual revenue of nearly 100 million.
But last year, that is, in 2013, the company almost didn't hold on.
And the three founders probably didn't dare to think that they could double their revenue every year in the next few years. In 2017, with the release of Honkai Impact 3, the revenue directly exceeded 1 billion. When the Source God came out, the cash profit exceeded 20 billion in one year.
In fact, the problems are also easy to find.
The early problems can be seen from the failure to find angel investors.
The mid-term problems can be seen from the failure to seek IPO.
At this point, it was already past five in the morning.
Xu Anruo still had no sense of fatigue.
Finally, he summarized everything, which was a rough due diligence, ready to leave it to You Ya later.
Just like he said on the phone before, he couldn't do it alone, he needed You Ya!
Xu Anruo was a manager in his previous life, and he majored in this in his undergraduate studies. Later, he started a business and had connections with the venture capital circle.
But You Ya was different. She was a serious investment banker.
It was past six o'clock.
Xu Anruo called You Ya.
The other end said that she had already set off for the South High-speed Railway Station.
Xu Anruo didn't delay, checked out of the room, and didn't drive the car. He stopped a car with his bag and went directly to the South High-speed Railway Station.
You Ya arrived before him.
Her hair was tied up, she wore jeans on the lower body, and a casual suit over a base shirt on the upper body.
She stood at the entrance of the station with a suitcase, and didn't say anything, just squinted her eyes and watched Xu Anruo walk towards him.
"Morning?"
Xu Anruo walked over and greeted with a smile.
Because the incident happened a bit suddenly and I didn't explain it, I was quite embarrassed.
"Heh..."
Yu Ya snorted.
But soon, she frowned, stared at Xu Anruo's face, and asked:
"Didn't you sleep last night?"
"Just take a nap on the train."
Xu Anruo smiled and walked towards the ticket office.
Yu Ya shook her head, and seemed to have lost her temper, and followed Xu Anruo's footsteps tacitly.
The earliest train to Shanghai is at 7:25, and time is a bit tight.
Yu Ya shouted behind her:
"Xu Anruo!"
"Hmm?"
"Give me the ID card, I'll buy it, you wait."
Yu Ya pushed the suitcase over while talking, and then took the ID card from Xu Anruo's hand, looking like she had no need to argue.
Xu Anruo let her go.
He was still thinking about the various possible dialogue scenarios after meeting the three founders of Miayou.
After a while, You Ya came back with the ticket.
They entered the station together, lined up to get on the train, and sat down. After they sat down, Xu Anruo opened his schoolbag and took out the computer, saying;
"This is what I made last night. You take a look first. I'll take a nap."
It's definitely not okay if you don't take a nap.
Although it won't make you sleepy, it will affect your thinking agility to some extent.
Xu Anruo took a nap for about two hours. When he opened his eyes, he found that You Ya was staring at him with squinted eyes, with no expression on her face.
The computer was on the small table in front of her, closed.
"Have you looked at it?" Xu Anruo stared at the computer.
"Yes." You Ya's voice was flat.
"Uh..."
Xu Anruo was stunned: "Nothing to say?"
You Ya's reaction really surprised and puzzled him.
At this time, You Ya slightly turned sideways, with a serious face, and said:
"Xu Anruo?"
"You said."
"Is this the investment you mentioned? And you said that you would not let me regret this decision?"
You Ya asked back.
Xu Anruo was surprised again, and sat up straight, and asked:
"What's wrong? Is there any problem?"
"I know this company. When I was looking for investment projects during my internship, I met the founder of this company with my senior sister."
"You have met?"
Xu Anruo frowned.
You Ya nodded and said:
"Yes, let me tell you this, at that time our intention was to invest 80 million and obtain 20% of the equity, but the other party's founder disagreed and asked us to double the investment and keep the equity unchanged, and then there was no discussion about this. So, how much do you want to invest?"
80 million to obtain 20% of the equity?
You don't agree to this?
You want to double it?
Xu Anruo didn't know what to say.
Maybe this is how they refuse to invest.
But from the perspective of later generations, even if it doubles, it is still a huge profit.
"How much do you want to invest?"
At this time, Yu Ya asked againXu Anruo smiled, his tone was very calm: "My psychological expectation is 20 million, and I will get 15% of the equity, but you have to calculate the accounts later. How much you can save for me depends on your business ability..." "You, are you crazy?" Yu Ya was stunned. She couldn't believe her ears. Then, she turned on the computer, thought about it, closed it again, and said seriously: "This Miayou was indeed not well-known before, but this year, the second game was launched, and the monthly turnover exceeded 10 million. It has been growing steadily. We have done due diligence and estimates before. Their revenue this year is likely to exceed 100 million. Although it is exaggerated to double the valuation by more than ten times, it is definitely no problem to double it by six or seven times." "I know!" "Knowing this, you still dare to talk like this?" "Because I can bring them more than just money." "What do you mean?" "You will know this soon." "You!" Yu Ya was speechless. Then, she calmed down a bit and said:
"Do you know? Although the game that this company withdrew this year is popular, the industry is not optimistic about it."
"Why not?"
Xu Anruo became interested.
You Ya was very patient and replied:
"First of all, it is the current ecological environment of game companies in China. To make games, you can't avoid the two giants, Penguin and Zhuchang. Small companies may make a hit, but the upper limit will not be too high, and the life cycle is extremely difficult to extend. Can you understand this?"
"I understand, the big eat the small."
"You can say that, secondly, the two-dimensional culture that their company is targeting is called otaku culture, which is generally not optimistic in the industry..."
"Wait a minute, did you intern in foreign investment banks before?"
Xu Anruo suddenly interrupted You Ya.
You Ya was stunned, nodded, and shook her head:
"All of them, what's wrong?"
"Why didn't you go abroad, apply to a prestigious school and then enter Wall Street? Isn't this the normal process?"
"I have had several exchanges, and I am not used to staying here. In addition, in recent years, the VC and PE fields in China have gradually changed from foreign investment to domestic investment. I want to stay in the province, so..."
"Look, you also know that the times are changing. Let me put it this way. I am very optimistic about the second dimension and otaku culture."
Xu Anruo interrupted.
Then, he added:
"It is said that men's consumption power is not as good as dogs, but otakus are different. Or to put it this way, when men pay for their own preferences, their consumption power is amazing!"
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