My American magical life
Chapter 471 - 471 73 No matter if you are a pig with hair or not CEO Cheng has to give it a good tug!_4

471: Chapter 73: No matter if you are a pig with hair or not, CEO Cheng has to give it a good tug!_4 471: Chapter 73: No matter if you are a pig with hair or not, CEO Cheng has to give it a good tug!_4 If you want to appear authoritative, you should dodge their sharpness and attack when they are unprepared.

CEO Cheng was the kind of person who played this to perfection.

His technical skills were lacking, and he didn’t understand algorithms, but he knew others understood even less than he did.

So, why not confidently appear to be very knowledgeable!

The brave embrace challenges with courage.

They might play the fool, but they also have the chance to win high praise.

“Chan, didn’t you just say that FB has already started building their house, but you also mentioned something about the big company disease and as a result, you’re not optimistic about it.

Could you elaborate on that?”

Domo really took it in.

CEO Cheng’s nonsense was so splendidly spun, he actually learned quite a bit.

“That’s Lasso.

I’ll just make three points for everyone to judge for themselves.

First, FB and INS have already launched their own video-sharing functions; they are FB’s two major mobile platforms, the trump cards of FB.

Second, Lasso’s video stream model still follows INS’s style.

FB now wants to save face and doesn’t want to copy TT’s model.

Third, Lasso’s team only has a little over two hundred people, while the FB family has several tens of thousands of employees.

The amount of resources invested can directly influence the output; Lasso can’t build high rises.”

“Chan, I have no further questions; thank you for the explanation.”

Domo now understood, of course, but he would definitely conduct his own investigation when he returned.

Both being hefty men, Geweil Niusen’s thoughts were a bit more imaginative.

“Chan, if short videos are really that important, I mean, if all these internet giants have already entered the arena, then, why should we invest in your company that is reliant on a short video platform?

I mean, compared to your MAS, I could actually invest in several platform companies.”

Geweil’s thoughts drew sidelong glances from the investors present.

His imagination was too wild, asking the same question twice.

He really wanted to make big money!

“Mr.

Geweil, that’s certainly an option, but the short video field is clearly the battlefield of giants, with FB, Twitter, YouTube all having entered the fray.

There will definitely be a fierce money-burning battle in the future…

I wish you good luck.”

Bro, it’s obviously a sea of blood; do you have the strength?

CEO Cheng was straightforward enough, and Geweil appeared to understand, nodding somewhat knowingly, not seeming inclined to question further.

“Now, let’s talk about MAS.

Interestingly enough, since the inception of this company, I’ve continually faced skepticism.

Some scoffed, saying it’s just another MCN; the capital market does not like the story of an MCN.

Others shook their heads, suggesting that my valuation was fantastical and no investor would want to be the sucker.

For these two types of people, for these doubts, I have only one thought—just watch; time will prove who is right.

Now, the first thing I want to present to you is the profit model of our MAS…”

In essence, MAS is an MCN, but CEO Cheng couldn’t tell the story like that, as he said, the capital market doesn’t like the story of an MCN.

He had to talk about the disruptive nature of short videos, the terrifying potential of TT, and the innovative model of MAS.

From comprehensive content coverage across all verticals to a complete incubation system, and top industry contract restrictions, MAS had many things that could be highlighted.

CEO Cheng stood on the stage, talking about the failures of traditional MCNs and his exploration of the transformation of MCNs, dissecting in detail why MAS wasn’t a traditional MCN.

The audience below was buying it, providing positive feedback incessantly.

From time to time, they even posed scripted questions, and CEO Cheng confidently provided responses.

Even Domo, who had intended to just be a casual observer, was so stirred that he couldn’t help but be moved, not to mention Geweil, whose brain was already overloaded.

It wasn’t that they were naive; it was that CEO Cheng’s strategies were too deep.

At today’s fundraising meeting, except for the two of them, everyone was an actor!

Entrepreneurship was something CEO Cheng took seriously.

Fundraising wasn’t about raising funds for its own sake.

Thus, a little sleight of hand was not shameful at all.

However, CEO Cheng didn’t reveal his real master plan.

The model innovation in the short video field was highly related to the internet industry, with too strong replicability.

Before MAS grew larger, CEO Cheng had to guard the sword that would disrupt the game.

Then, when the right moment arrived, the moment when MAS and his strength could draw the sword…

He would strike with precision, reaching the peak in one swift move.

But…

When it came to financing, CEO Cheng never mentioned a price, and both Domo and Geweil had caught on to this early.

They understood that CEO Cheng was so prepared yet didn’t mention price, which indicated that his price was not that low.

Domo was the most eager listener; his father had originally sent him over just to keep an eye on things.

But he had watched CEO Cheng rise, and at the same time, he hesitated, which made Domo very anxious.

After hearing CEO Cheng’s presentation today, he realized he shouldn’t just be a spectator; MAS might really be an opportunity.

He had hesitated for so long; he couldn’t hesitate any longer today.

“Cheng, just tell us what valuation you have in mind.

You’ve never mentioned it, and it’s kinda frightening me.”

The chubby chef looked expectantly at CEO Cheng, Geweil put down his cigarette, and the room fell quiet.

Everyone was waiting for CEO Cheng to name his price.

Cheng Daqi glanced at Lisa, the blonde and white girl with a tense expression.

“MAS has an amazing team.

I’ve pulled together talented individuals from more than a dozen countries across four continents, and I’ve managed to blend them together very well.

Our business model is also solid.

So far, we’ve hatched more than a dozen internet influencers with over 100,000 followers, and in the future, we could potentially have over 1000 influencers with 100,000 followers or more.

Based on each influencer earning a million dollars a year with 100,000 followers, that’s a billion dollars.”

CEO Cheng’s calculations sounded reasonable, the numbers seemed to match up, but on closer thought, they were ridiculous.

“Fak, don’t tell me you’re valuing it at a billion dollars when you clearly only have one chicken.

You can’t value it as a whole chicken farm; that’s not ethical!”

Geweil blurted out the word “ethical” because he was so scared by CEO Cheng’s absurd speech.

But that’s how financing works; if you don’t believe in success yourself, how can you make others believe?

It’s normal for discussions to fall through.

After all, it’s all about green dollars, and each bill is precious.

Starting high with the asking price is not wrong at all in CEO Cheng’s case.

If these two investors walked away just because of his outrageous asking price, it would clearly show they weren’t sincerely interested in cooperating.

“Relax, Mr.

Geweil.

Even if each influencer with 100,000 followers only earns three hundred thousand dollars a year, and even if we could only develop 500 influencers with 100,000 followers or more, and even if we only took a 30% cut.

My math is still correct, right?”

The crowd immediately chimed in with adulation.

“Forty-five million dollars a year, my goodness!”

“Gentlemen, there’s another point: our influencers at MAS won’t just stop after reaching 100,000 followers, they…”

Domo couldn’t hold back any longer.

CEO Cheng was like a tease, having drawled on for over an hour without getting to the point, still just dragging things out.

The chubby chef cut in decisively.

“Tell us your expected valuation, Cheng.

Stop using that calculation of yours.

I admit MAS is doing great, but your company isn’t the only one in the market.”

Geweil also spoke up.

He was still a bit apprehensive, but given the situation, he wanted to create a scene for himself.

“Cheng, I’ve invested in many companies.

Many entrepreneurs have even more fanciful ideas than you.

Valuation, well, it always takes negotiation, what’s there to hesitate about?”

The tone of a rich snob is truly distinctive.

They’d never stick to the facts, never be objective or appropriate, only exude an undeniable air of arrogance.

Man, you play the part quite well.

“After securing Series A funding, MAS will start a full-category leading brand development plan and build cooperative brand resources.

Our model is solid, but to achieve our goals, we definitely need funds.

Therefore, my expected valuation is one hundred twenty million dollars, seeking thirty million dollars in funding.

That amount should allow us to expand for four to six months, or even hopefully reach profitability in one go.”

Seeing that everyone below was silent, as if shocked by his asking price, CEO Cheng was a bit disappointed.

Your strength isn’t up to the mark.

Thirty million dollars really isn’t expensive; it’s just like a better house, half a pretty airplane, or a small section of a luxury yacht.

Picking someone more willing to give face, CEO Cheng probed.

“What do you think, Domo?”