188: Half of the bidders withdrew in the first round!

Neil Shen was truly at a loss regarding this reason.

What could he say?

Say that Wang Lin stumbled into it by accident?

Don't talk nonsense.

From the moment he started from scratch, fighting his way to success in the stock market, and even becoming the most formidable powerhouse in the market today.

Wang Lin could not possibly be ordinary, and it was even less likely that he needed no reason, as he had claimed!

There was definitely a reason, but perhaps because it was a trade secret, Wang Lin would not disclose it.

However, Wang Lin's comment about it being "a mere 60 million USD" had truly broken the hearts of some of those present.

Since when did 60 million USD not require a second thought?

Of course, for those who knew Wang Lin's net worth and capabilities, if they thought about it carefully, what Wang Lin said was actually correct.

A man who had created over 10 billion in just over a year—what was wrong with him casually spending a few hundred million on an investment?

Moreover, DJI was a company that Sequoia Capital had already vetted; even if the investment turned out to be a mistake, it probably wouldn't result in a significant loss.

I heard that DJI has developed a new drone, so the valuation should be even higher now.

Thinking of this, these big shots felt utterly disheartened and silently sat back in their original seats.

Meanwhile, Neil Shen became even more interested in Wang Lin.

So, was his attendance at this financing round also because he saw the extraordinary potential of ByteDance Company?

Neil Shen still wanted to say something more.

However, Zhang Yiming, standing at the front of the stage, saw that everyone had arrived and the atmosphere had warmed up.

He stood at the very front, bowed, and said: "I am very happy that so many big shots in the investment circle are able to recognize me, Zhang Yiming, and recognize our ByteDance Company. Thank you all for taking time out of your busy schedules to come and listen to our C-round financing presentation!"

"Next, I will explain our company's future plans in detail to everyone!"

Since the end of 2012, when the daily active users of ByteDance Company's Todays Headlines surpassed one million,

ByteDance Company had embarked on a path of rapid growth.

That same year, it completed an angel round of over 3 million USD.

At the same time, the Series A round was also conveniently completed.

The following year, in 2013, the Series B financing had already soared to tens of millions of USD.

Today, seeing so many big shots from the venture capital circle here,

it was bound to be a bloody battlefield.

Tens of millions of USD would definitely not be enough; this time, I'm afraid it would be at least over 100 million USD.

Some small investment banks had originally wanted to come and check out the situation to see if they could pick up a bargain, but upon seeing this scene, they were already having second thoughts.

Especially as, accompanying Zhang Yiming's explanation, they learned about what this company would need in the future, which was definitely an astronomical figure.

Just the servers alone would not be a simple number.

"Our company is about to launch a real-time news push mechanism. Although it requires massive computing power to complete, once it is done, it will become our company's greatest moat!!"

This statement excited the big companies and made the small ones tremble.

Damn.

Even if they could force themselves to keep up with this round of financing, what about the subsequent rounds?

Listening to Zhang Yiming explain it like this, they had already given up in their hearts.

Just let these big companies fight it out.

They really couldn't keep up.

"Damn it, I should have known better than to come!!"

"Exactly, it's too difficult. Those big shots in the front row are probably going to sweep the whole thing, right!!"

"Forget it, let's just listen for now. At least we'll gain some knowledge!"

Listening to the business blueprint and future vision painted by Zhang Yiming,

unlike those small companies, the big companies were all moved.

Wang Lin observed them—Neil Shen from Sequoia Capital, Xu Xin from China Growth Capital, Lei Jun from Shunwei Capital, and others.

They were all very interested.

As for the others, no change in expression could be seen on their faces.

But perhaps there might still be other developments?!

Zhang Yiming spoke for over half an hour.

During this time, he had compressed, compressed, and compressed what he wanted to do in the future.

If something could be said in one sentence, he absolutely wouldn't say an extra word.

He also wanted to keep the time as short as possible; being able to explain things clearly and concisely was a great test of a founder's skill.

Fortunately, Zhang Yiming's project roadshow was a complete success.

Many investors had developed quite a bit of interest.

Of course, there were also many investors who left apologetically after listening.

After that company introduction and market analysis just now, they already felt a sense of fear in their hearts.

When it came to the financial status and financing plans, they completely lost any such intention.

Damn.

They couldn't afford to mess with this; this kind of company was truly beyond their capabilities.

It was only the preliminary stage, and they already needed to burn through funds calculated in the hundreds of millions, just for purchasing servers.

What about later?

After the scale expanded, the scale of the servers would definitely have to expand accordingly.

This was all money!!

If they forced themselves to get on board now, what would they do during future financing rounds? Would they follow or not?

If they followed, and it required several hundred million USD, would they have to bite the bullet and continue?

Or abstain?

No matter how they calculated it, it was a loss.

One hour later.

Only a few investment banks remained at the venue, and they were basically all super-large investment banks.

Although Wang Lin's Junlin Finance couldn't be considered a large investment bank, it couldn't be helped that he had money.

Not only did he have his own money, but he could also use his investors' money at will.

He couldn't use those Public Funds, but he could use the Private Equity Fund money as he pleased.

Wang Lin had already agreed on these matters with them beforehand.

Investing in an enterprise was a very normal thing.

But the prerequisite was that one had to be accurate in their judgment.

Otherwise, Wang Lin would face enormous difficulties.

However, these matters and these assumptions were really not a problem at all for Wang Lin.

Would ByteDance Company fail?

What a joke.

Seeing that a large portion of the investment banks had left the venue, Zhang Yiming felt a bit anxious in his heart.

However, seeing that a few major investment banks had not left, he felt slightly reassured.

Especially since Wang Lin from Junlin Finance had not left either.

Zhang Yiming actually thought quite highly of Wang Lin; after all, he had heard that while Wang Lin might not have much else, he certainly had plenty of money.

Today's ByteDance Company, besides needing industry resources, actually needed capital even more.

Doing big data was simply too expensive.

If he, Zhang Yiming, didn't raise funds, he really wouldn't be able to hold on.

In fact, after seeing the investment banks that had come today, he already had some candidates in mind.

Next, it was time to chat about whether everyone's strategic fit was consistent, whether their investment philosophies were the same, and to see if they could cooperate long-term.

This was what Zhang Yiming hoped to see most.

Rather than simply looking at who provided the most capital.

In the long run, that would be harmful to ByteDance Company!!