Chapter 71 Important Pieces
Chapter 71 Important Pieces
After leaving Jin Zhilong's office, Geng Zhi first wandered around office 401 for two minutes before heading straight back to his rented room in Nordic Doctor Garden.
Zhang Xuhao's food delivery project is a crucial piece in his future strategy.
In his past life, Zhu Xiaohu and his Jinshajiang Venture Capital made continuous investments from Series A to Series C, propelling Ele.me to the forefront and reaping huge profits.
In this life, during the roadshow before the National Day Golden Week, Zhu Xiaohu also showed interest in Zhang Xuhao's "meal delivery".
He couldn't predict exactly when Zhu Xiaohu would invest in Zhang Xuhao, but it's always good to strike first.
We must get ahead of everyone else and use Arctic Capital as a front to quickly bind Zhang Xuhao's team and acquire the most cost-effective equity at the lowest possible cost.
Anyway, it's perfectly normal in the venture capital world for it to take three months from initial contact and signing of the term sheet (TS) to the final payment. He had plenty of time to operate reasonably and stall Zhang Xuhao.
By then, the Fruit Ninja project should have recouped its investment, and investing a million or so US dollars should be no problem at all.
Even if things go wrong with "Fruit Ninja" and they don't make any money, breaking their promise... at worst, they can just register "Eastern Capital" and "Western Capital" and start over.
Thinking of this, he smiled slightly and opened two computers at the same time, checking his daily QQ email and Eric's email from Arctic Capital.
A new email was lying in my QQ mailbox, sent by Jin Zhilong, which was to connect "Jiaotong University Matchmaker" with Arctic Capital.
Eric received three new emails in his inbox.
Two of the letters were recommendation letters copied to Jin Zhilong, and the other was a self-recommendation letter from Zhang Xuhao for the "Fan Express" project, which also included a business plan.
He first used his QQ email address to send a carefully formatted email to his Arctic Capital email address, attaching the "Jiaotong University Matchmaker" project business plan that he had prepared beforehand.
A play must be performed in its entirety.
All communication between myself and "Arctic Capital" must be meticulously documented via email. These details may well be crucial foreshadowing in the future.
After doing all that, he opened the "Food Delivery" project information sent by Zhang Xuhao and began to read it calmly.
……
Meanwhile, in dormitory 526, Zhang Xuhao, Kang Jia, and Wang Yuan were discussing their upcoming project plans.
"Brother Hao, I think your idea of developing an online ordering system is a great idea!" Wang Yuan said excitedly. "If users can order directly online and the data is transmitted directly to the restaurant, we won't have to be human operators anymore, and the efficiency will increase several times over!"
“That’s right,” Konka added. “More importantly, if we can move from phone ordering to online ordering, the number of orders is likely to explode, which is the kind of momentum investors want to see.”
"Well, from our observations during our on-the-ground promotion, the computer penetration rate in restaurants near schools is quite high, especially for schools in the city center like Fudan and Tongji," Wang Yuan said.
"But none of us know programming. Should we hire an outsourcing team to do it for us?" Kang Jia asked. "Isn't outsourcing software development quite expensive...?"
As soon as they finished speaking, Kang Jia and Wang Yuan both turned their gazes to Zhang Xuhao, who was deep in thought.
Zhang Xuhao pondered for a moment before speaking, "I remember joining a technical exchange group at Jiaotong University last time. I'll ask if any students in there are willing to take on part-time jobs..."
As he spoke, he opened the QQ software on his computer. As soon as the icon popped up, a new email notification appeared in the lower right corner.
From: Arctic Capital - Eric
"Arctic Capital replied to the email!" Zhang Xuhao's voice suddenly rose, and his heartbeat instantly accelerated.
As Zhang Xuhao spoke, he eagerly opened the email, and Kang Jia and Wang Yuan immediately came over as well.
The three of them carefully examined the contents of the email Eric had sent.
First, Arctic Capital clearly expressed its strong interest in the "Fanjisong" project, especially praising its insightful approach to the high-frequency, essential demand scenario of "university food delivery".
Then, the other party posed several specific and incisive questions, covering operational aspects, competitive barrier construction, and financial planning, requiring the team to provide more in-depth thinking.
Then, the email formally requested a conference call next week, lasting about an hour, to discuss the aforementioned issues in depth with Zhang Xuhao and his core team.
Finally, Arctic Capital emphasized its extremely flat and efficient investment decision-making process. Once they approve the team's answers on the conference call, they promise to issue a formal term sheet within 48 hours. And once subsequent due diligence is successfully completed, they will make the payment as soon as possible.
The email also mentioned at the end that if the investment is successful, Arctic Capital will not only provide funding, but will also use its resource network in the Asia-Pacific region to provide additional strategic support for the project.
The dormitory was quiet for a few seconds, with only slightly heavy breathing remaining.
"That efficiency! Arctic Capital's decisiveness!" Wang Yuan exclaimed excitedly. "A hundred times better than that indecisive 'Zhu the Tiger'!"
Kang Jia and Zhang Xuhao could not hide their excitement and read the email again from beginning to end.
"Brother Hao," Kang Jia asked cautiously, having calmed down a bit, "the email... didn't mention the expected investment amount. Could it be just a few hundred thousand again...?"
"What are you thinking, Kang!" Wang Yuan immediately interrupted. "They're international capital! A few hundred thousand? That's barely enough to fill someone's teeth. It'd lower your status if word got out!"
"I estimate it's at least in the millions." Zhang Xuhao took a deep breath, suppressing his turbulent emotions. "Look at the questions they asked, they're very professional and get straight to the point. They're essentially the same points that President Zhu focused on before, but from a more incisive angle."
"Well..." Kang Jia suggested, "How about we cancel the meeting with those two small investors we arranged for the weekend? It's a waste of time to talk to them. We should focus on preparing for this conference call with Arctic Capital."
"We absolutely have to push this!" Wang Yuan nodded vigorously. "Securing this one is worth more than wasting time on ten others. And since it's Teacher Jin who built this bridge, it's even more reliable!"
Zhang Xuhao nodded and said decisively, "Okay, cancel them all. Our task for the next few days is to thoroughly study and prepare for every question that Arctic Capital may raise."
His gaze returned to the questions in the email.
The questions about technological barriers highlighted the importance of technological research and development, which aligns well with the software system solution he just mentioned.
This suddenly reminded him of the straightforward guy from the School of Computer Science who gave the roadshow. That guy's insights into business models were also very insightful, and his own "Jiaotong University Matchmaker" project is now thriving.
If we could talk to him, we might get some unexpected insights...
"Brother Hao, what are you spacing out for?" Wang Yuan nudged him with his elbow when he saw him lost in thought.
"How about we treat that straightforward guy from the Computer Science department to dinner tomorrow?"
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OBS