"Sal Company issued an additional 50 million ordinary shares for this purpose, which means that each share is worth $20." Cai Siqiang gently spitted out this number.

When Zhao Jianwu and Dong Feng heard this number, they were so stupid that they were stunned and were stunned. No, was it because we heard it wrong or the world was too crazy? Are they all popular now and asking for prices? Can they bid directly like this? This is simply a lion's big talk.

Of course, they were very clear about the valuation that venture capital gave to Sal before. Now the total valuation of one billion shares of sal is about 10 billion US dollars, in other words, $10 per share. Now, 50 million shares are issued, each share is $20. The current valuation is equal to $21 billion. Although I close my door and calculate it will be fine if I double my income next year, but this year has not been completed.

In other words, Cai Siqiang's light words doubled the valuation even more than before. One mouth is 10 billion US dollars, which is not 100 yuan. Two hundred billion US dollars, that is more than 100 billion RMB. Looking at the current 2,000 stocks in the Chinese stock market, are there 30 of them that can exceed 100 billion RMB?

It's cruel! Zhao Jianwu and Dong Feng twitched for a moment and said such a word appeared at the same time, but I like it. In this way, it means that the brothers' wealth has doubled. But, in this way, it's a big deal. Can these venture capital tycoons accept it?

Thinking of this, the two brothers couldn't help but glance at the venture capital boss opposite.

Fortunately, although I couldn't see the inner thoughts of these venture capitalists for a while, each of them could at least remain calm on their faces. There was no particularly surprised or look of surprise.

These two brothers can't see the inner thoughts of the few venture capital tycoons, which does not mean that they have no ideas.

Cai Siqiang's offer was obviously a bit inadequate in their thinking, and it was too high than their expected price.

After listening to Cai Siqiang's brief introduction to the current situation and future business development of SAL just now, they all estimated that the original valuation of US$10 billion may be lower. After all, the total annual revenue of SAL alone will be more than US$600 million in the future, which is the most coveted part of SAL. If other businesses are at this year's annual revenue of more than US$100 million and 200 million.

As for the navigation device business, everyone will automatically ignore it. This area has just been acquired, and everyone is satisfied without losing too much. As for profit, people really don’t dare to think about it in this regard. Acquiring such a company will make a profit in the past, which is really too harsh for the acquirer.

Everyone calculated this carefully and immediately concluded that Sal's gross profit could double on this year's basis. However, accordingly, Sal's high growth potential for advertising revenue will be almost developed next year, so don't expect such a high growth rate the year after that.

As the company grows so rapidly, all kinds of expenses will increase. Everyone is satisfied that the net profit can double compared to this year. So, if you calculate the SAL to have a net profit of 500 million to 600 million next year, everyone knows these numbers. Therefore, if you calculate the price-to-earnings ratio at 30 times next year, it will probably be between 15 billion and 18 billion US dollars.

Considering the safety factor of venture capital, people will obviously take a lower value. US$15 billion is no less, which is 50% higher than the previous valuation. You should know that the last valuation has not been long since passed, so it is very rare in the venture capital industry to quickly raise the valuation.

$5 billion is enough to allow everyone to invest in dozens of projects with promising prospects. Facebook's angel investment is only a few hundred thousand dollars, and the next year's venture capital is $12.7 million.

Even though Sal looks like Facebook, it has to invest $1 billion and still has less than 5% of its common stock.

This is indeed a bit unacceptable to the venture capital here. You should know that this is a high-risk investment, not those companies with stable businesses. After investment, they can guarantee at least a few percent of the dividends per year. Maybe they will go bankrupt next year and lose all their money.

So, if there is no opportunity for huge profits, who would be willing to invest in it?

Now everyone believes that SAL has the foundation for growth and growth, but if you have to discount the potential for development in a few years in advance, what money will venture capital make? Generally speaking, venture capital will not come in without the imagination of profits of several times or dozens of times.

High failure rates must be compensated through high returns, which is the value of venture capitalists.

Now, the price of SAL is more than US$20 billion. To obtain 5 times the profit, this requires SAL to exceed US$100 billion. To be honest, among the projects that everyone has invested in in the past decade, there are really few companies that can cultivate more than US$100 billion in listing.

For a company in a rapid growth stage, the applicable price-to-earnings ratio should obviously be different for the same company with stable growth.

Of course, valuation based on price-to-earnings ratio is just one of the methods, but this method is not universally applicable to startups.

"Mr. Cai, in my personal opinion, is the valuation you are giving now a little out of touch with the actual situation of SAL. I wonder what the basis for the valuation you give now? SAL is a very good company, but the valuation we gave before has taken into account the rapid growth of SAL. You should know that Apple's current price-to-earnings ratio is only 16 times."

Zhou Chen, vice president of Carlyle Investment, first raised questions. At this moment, if he had not been in contact with him before, he even doubted whether Cai Siqiang knew about valuations and asked for a lot of prices.

"Of course we have strong reasons to give this new valuation." Cai Siqiang did not feel that he was asking for a price all over the place, but said with confidence.

"I think everyone may have forgotten that SAL now has more than one billion users. According to our observation data, this huge input method user base has extremely high activity and stickiness.

With such a large user base, based on our core voice recognition technology, there are many areas available for development, such as the application of navigation instruments that you have seen before. Therefore, I think the valuation of sal is very inappropriate from the perspective of profit alone. It also completely underestimates the potential of sal, which is the first point.

Second, even in the existing business, we have the potential to further deepen our efforts. For example, in the mobile phone smart voice customization business, I think you will not forget the market performance of the deeply customized Jindi smart voice mobile phone."

"What we can tell you now is that SAL only has one year to authorize the in-depth customization of Jindi mobile phones." Cai Siqiang continued with a smile.

"There is basically no suspense to the sales of Jinde smart voice phones exceeding 40 billion yuan this year. We think the contract method next year needs to be revised according to the actual situation. It is not convenient for us to disclose the specific situation now, but it will definitely not be charged at a price of US$2.5 per unit.

Third, our company's Dr. Cto Duke is a scientific genius who has created scientific miracles. After the breakthrough in speech recognition technology, it has made another breakthrough in brain wave recognition this year. Brain wave games are just a small aspect of brain wave recognition applications, and the business space that can be developed is also very broad.

To sum up, I think the valuation of $20 per share is already underestimated, and by this time next year it may be $40,50 per share."

Co-authored SAL and other attempts to intervene in mobile phones?

The four venture capitalists automatically filtered out the brain wave, which was currently weak, and focused their energy on mobile phones. At this moment, when they heard the shocking news that Cai Siqiang was preparing to negotiate with Jinde again, they all lowered their heads, but they began to digest the unexpected news quickly in their hearts.

This is real big news. You should know that Jindi mobile phones can exceed 40 billion in sales this year. Everyone knows what role the sala voice engine plays in it.

Lu Yunpeng, who originally planned to invest in Jindi mobile phones, was even more fortunate that today was worth it. If there was no such information, the valuation of Jindi mobile phones would probably make me cry and have no place to cry. Although Jindi mobile phones are living a very comfortable life this year, if they lose this in-depth customization authorization, Jindi will be immediately beaten back to their original form.

Cai Siqiang has already said so bluntly to everyone. Who can't hear these venture capital tycoons' attempt to deepen their business in the mobile phone market? They no longer sell authorization. If they are not planning to directly intervene in production, they are preparing to discuss the share of the money.

Under the current circumstances, there is little room for negotiation between Jindi mobile phones without core technology, and I just don’t know what kind of harsh share conditions will be proposed this time. However, you can completely imagine that the price of Jindi mobile phones to obtain this new authorization will definitely double this year.

This has nothing to do with benevolence, righteousness and morality, but is just about business. If Jindi does not agree, Sal will probably just release the news of the custom authorization renegotiation. At least several domestic mobile phone giants will immediately line up to talk to Cai Siqiang.

There is no way, I am so jealous. Although Jindi Mobile has entered the top three in China, the sales and shipments of the top few are actually not much different from each other. Who knew that after suddenly getting this smart voice-controlled mobile phone, it suddenly threw everyone out of several streets and entered the mid-to-high-end market in one fell swoop.

In the mid-to-high-end market, everyone is jealous of the lucrative fat meat. In the past, domestic manufacturers only had a portion of smell and couldn't eat it. Mobile phones with a price of more than 2,000 yuan can be sold for hundreds of thousands of units, and millions of units, which is enough to make people laugh.

(Continue to collect, red ticket)
Chapter completed!