Spiritualist In Korea: Chapter 475 investment project

  The filming of the TV series was in full swing, but Li Mo was idle instead. The script was completed early in the morning, and the director would notify him in advance if it was to be revised. However, Philip's return finally kept him from being idle.

   "Fortunately not humiliated, boss!"

   After a trip back to the United States, Philip seemed to be full of spring breeze. Li Mo couldn't help but slandered, and it was estimated that some old lover nourished him.

   "Tell me about the situation." Li Mo poured a cup of tea for Philip.

"thanks."

  Philip took a sip and said, "The negotiation went well. The other party is very satisfied with our move to give up the right to vote. The originally negotiated share of 10 million US dollars has been added to 15 million US dollars."

   "I knew that these founders were most afraid of losing the power of the company. Especially in the start-up stage, this entry point is very good." Li Mo smiled with satisfaction.

   What they are talking about is about a photo-sharing application company called Snapchat, whose Chinese name is ‘burn after reading’. The main consolidation of the application is that the photos uploaded by the user have a lifetime of 1 to 10 seconds. After the photos are sent to the user's friends, they will be automatically destroyed at the preset time set by the user. If the receiver saves the screenshot, the user will also be notified.

   After its launch in September 2011, it has developed rapidly. In 2012, it received $480,000 in seed funding from Lightspeed Ventures. By this year, Snapchat is looking for a Series A investment of around $10 million.

  Philip realized the future potential of this company and persuaded Li Mo to invest. Then, according to Li Mo's proposal, the voting rights were handed over to the company's CEO Evan Spiegel, and he successfully defeated other investment companies and won this A round of investment, 15 million US dollars, 19% of the shares.

After the    investment closed, Snapchat was valued at nearly $80 million. This is a big bet that Snapchat will become the next facebook, but both Philip and Li Mo are confident that the investment will not lose money.

  According to Philip’s forecast, even if Snapchat has not been listed in two years, this 15 million will bring at least ten times the revenue, and it is still the lowest estimate.

   "It's the first time I've invested in such a high-tech company, and I feel a little guilty." Throwing a lot of money into it is not like Li Mo's previous style. Buying a farm and opening a store in a physical industry, there must be some anxiety.

"Boss, expanding your physical business also requires a lot of capital. It's not enough to rely on current profits, and don't forget, you still have a lot of bank loans to repay, more flowering is necessary. I am very excited about this Snapchat project. Look good, we are lucky to be able to win the A round of investment first. Next, it is estimated that it will not be our business.”

  Li Mo nodded, if they wisely gave up some unnecessary power, they would not have been able to pull their teeth in front of various well-known venture capital institutions, thus winning the precious Series A investment.

   "By the way, what did your old classmate say."

   Li Mo was asking about Hugo Phelps. This guy still holds the remaining shares of Weimei Group in his hands. He blames Wang Xudong for being inauthentic, which makes Li Mo very depressed now.

   was supposed to give Hugo Phelps a tour of a series of farms and ranches to get him out of the way. Unexpectedly, this is not an ordinary person. Apart from being fooled by Li Mo, he did not discuss with Li Mo and returned to the United States directly.

   "The same is good news."

   Philip smiled, "He has given up and wants to cooperate with you boss."

"Cooperation?"

"That's right. He is willing to sell the shares, and at the same time he hopes to cooperate with a small comprehensive farm in Texas, and hopes that the boss can come up with special technology to transform the farm into the same as the Darong Farm, just for the sake of It is more convenient to study 'auxin'. In return, the farm will be transferred to the boss's name, and he only needs to be able to set up a laboratory on the farm like Endo Kazuki."

   "How big is the farm?"

   "One thousand three hundred and fifty acres, not too big. Hugo Phelps has tens of thousands of acres of land all over the world, just to study the illusory 'auxin'."

   Where is this cooperation? Obviously, it is the bait. As long as Li Mo is greedy and swallows the bait, maybe Hugo Phelps can be sure that Li Mo really has the mysterious technology he hopes for.

   "I'm afraid it won't work. I don't know any agricultural technology. How do you want me to transform it? Forget it, if I can't get my shares back, I won't be able to get my shares back. Just be an additional partner."

   Li Mo said casually, but out of the corner of his eye he secretly looked at Philip's expression. If it wasn't him being paranoid, who knew the relationship between Hugo Phelps and Philip was as bad as he saw it? Being defensive is a must, and Li Mo is also cautious.

   "I also think it's better to do this. Hugo Phelps is not an ordinary person, and the United States is beyond the reach of the United States. Compared with the boss, he is not willing to develop there for a long time."

  Philip's expression was normal, and Li Mo was a little relieved.

   "Then reject him."

   "Ok, I'm the best at rejecting people!" Philip was obviously in high spirits at the chance to hit Hugo Phelps.

   After talking about important matters, Li Mo and Philip chatted casually. The main thing is to talk about his industrial issues, and more to persuade Li Mo to shift the focus of development back to his motherland as soon as possible. South Korea is really too small, and it will face the threat of chaebols when it grows big. This is a hurdle that no one can bypass. In fact, Li Mo is also struggling, and it is more related to Kim Taeyeon.

   Originally, the two of them didn't have much time to see each other. If the two countries were separated, Li Mo would not have the confidence to maintain this relationship. What love is more than Jin Jian, not to mention the nonsense of being afraid of distance, how many couples break up because of distance?

   This is Li Mo's first relationship, and he cherishes it very much.

  Philip also noticed Li Mo's entanglement, but he just dutifully gave advice to the boss. As for whether the boss accepts it or not, it depends on his own considerations.

  The atmosphere fell into silence for a while, and what broke the silence was the sudden call from Philip.

   "Haas...I said I don't want to buy your software...that's right...the price is too high...you better find someone else...Didn't I give you a lot of calls from investors?"

  Philip dealt with the person on the phone impatiently.

   "That's it...bye!"

   "What's the matter?" Li Mo came back to his senses, suppressed the irritability in his heart and asked.

"A friend, a lifelong friend! It **** me off, this guy grew up in the same orphanage as me, called Haas-Hodgson. Very smart software engineer, but his smarts are useless in the right way. ."

"He likes to gamble and stays in Las Vegas all year round. I wonder how someone like him can live in Las Vegas for so long. He often uses my name to recommend his work to investors— Some small software. Claiming that I am going to buy his software for a lot of money, tell other people how good the software is, and sell it at a high price.”

"Boss, as you can imagine, this little trick can only be used once or twice at most. Now he can't find anyone to buy his software, so he often calls and harassing me, and I have helped him pay off more than three million dollars in gambling debts. Fake, this time he kept saying that he was going to make a big change, and asked me to invest five million dollars in his software. Am I a fool and still believe him?"

   It was the first time that Li Mo was so excited to see Philip. It seemed that he really had a deep relationship with that Haas.

Touching his chin, Li Mo said, "Philip, I want to meet this Haas. If he is really reformed, let him come to Seoul. Without this sincerity and determination, I believe he is hopeless. medicine."

   "boss...you don't have to...!"

  Li Mo waved his hand, "That's the decision."

   "Okay, but boss, don't agree to him easily." Philip was helpless, but in fact he also had an expectation in his heart, hoping that Haas would really change his mind.