Into Unscientific

When Academician Pan took out two application forms from his body, Xu Yun and Zheng Zu quickly figured out the cause and effect:

Tian Liangwei and Academician Pan had already prepared everything before today's three-party or four-party meeting!

Although the commercial prospects of the fifth-generation imidacloprid are very attractive, it is only a class of biopesticides in the final analysis, and it is far from reaching the level of Lipitor, ibuprofen or the little blue pill.

Therefore, it is already a very high standard for the secretary-general of a start-up fund like Zheng Zu to come forward in person.

Eight million cash flow plus additional items, accounting for 43%.

In other words, the valuation of Xu Yun's company by the new venture fund is about 18 million.

As a scientific and technological innovation fund for colleges and universities, the New Innovation Fund is actually rather vague in terms of the links involved.

However, it is generally either VC or angel, and occasionally A round and a few B rounds.

Xu Yun's current situation can be regarded as between the angel and the A round, after all, he has no commercialized finished product yet.

This kind of round is valued at 20 million Huaxia coins. What is the concept?

Take a chestnut.

A certain hand’s angel round financing in 2012 was only $300,000, and the A round in 2013 was about a few million dollars. The lead investors were Sequoia and Morningside.

And what was the peak market value of a certain hand when it was listed?

1.2 trillion Hong Kong dollars! (Of course, it has now dropped to 300 billion)

In addition, the financing of Station B in 13 years is similar, at the million-dollar level.

Another example is the SpringWorks Therapeutics project, which is somewhat similar to imidacloprid, and is also engaged in biomedicine.

Among them is a gamma-secretase inhibitor called nirogacestat, which has obtained orphan drug qualification from Eagle for the treatment of desmoid tumors. The valuation of a single item in the A round is only $600,000.

Therefore, the valuation given by Xinchuang is definitely not low even in the A round.

However, the importance of new innovations is very important. The interested party it represents is not simply the University of Science and Technology. This matter has been introduced before and will not be repeated.

At the same time, considering that if Xu Yun simply invests in technology, there will inevitably be an upper limit that does not meet his wishes. Therefore, Academician Pan, who inquired about the relevant inside information as the executive vice president of the University of Science and Technology, prepared such a backhand with Tian Liangwei in advance. .

Aren't you sure that Xu Yun has no cash flow?

So now that he has it, you can't stop him from investing money, can you?

"Academician Pan, Academician Pan"

In the office, Zheng Zu, who had figured out the cause and effect, was silent for a long time, and finally sighed:

"You are really caring about your student.

500,000 entrepreneurship support for both colleges, I remember the last time our school had this kind of treatment, it was Pang Shen from the several colleges, right? "

Academician Pan aggressively brushed the thinning hair on his forehead. He is actually a person who likes to wash his hair very much, but he doesn't know why his hair is always limp like baked oil:

"The same gpa is 4.3, Xiao Pang can sign the support of the two colleges, why can't Xiao Xu?

Secretary-General Zheng, you should also be clear.

This kind of several levels of entrepreneurial support is not something that Mr. Tian and I can approve. It is also a skill to be recognized by everyone. "

Tian Liangwei at the side nodded cooperatively when he heard the words.

As Academician Pan said.

There are two completely different things between an individual offering 500,000 yuan and the academy approving 500,000 yuan.

Both he and Tian Liangwei have their own industries, and the annual licensing fees for some patents in their hands are quite generous. It is not difficult to lend 500,000 to Xu Yun each.

But in this way, it is likely to bring some unnecessary troubles to Xu Yun.

Both verbal and political.

But the support from the college is different, which means that Xu Yun got the funding from the college through his own efforts.

The source of the money is clean, there is no trickery, and others can't get rid of conspiracy theories. At most, they just say that they have a good teacher.

Then Zheng Zu raised his head and glanced at the few people present, and suddenly felt a sense of powerlessness in Lu Bu's battle with Sanying:

"In that case, Academician Pan, Academician Tian, ​​and Dr. Xu, let's talk about the issue of share distribution."

As soon as Zheng Zu finished speaking, Academician Pan Erlang raised his legs:

"Secretary-General Zheng, there is only one requirement from the academy. The proportion of shares must be the same as that of the Academy of Biological Sciences. In addition, money is needed for money, and resources are needed for resources."

"."

Academician Pan spoke lightly, but Zheng Zu's head instantly grew bigger:

"Academician Pan, your request is too high."

"This was the unanimous opinion of the leaders of the institute before I came here, and Dean Shen and Academician Ouyang also had the same attitude."

Zheng Zu: "."

little known.

The University of Science and Technology is a very serious university.

For example, in the results of the fourth round of national discipline evaluation, the humanities and social sciences of HKUST even scored only C, but physics was ranked as the only A+ in China together with Yanda University.

In addition, this point is also reflected in the school recruitment advertisement:

Other school recruitment advertisements such as Zhejiang University, National People's Congress, and Shanghai Jiaotong University are all pure and beautiful seniors, but only HKUST is two dogs running in the snow

At present, there are 17 academicians of the Academy of Sciences of Science and Technology, and more than 200 senior professional titles. Among them, Dean Shen and Academician Ouyang mentioned by Academician Pan are the authoritative representatives.

Therefore, when he suddenly heard these two names, Zheng Zu suddenly became sluggish and began to chirp:

"Hey, well, let's do it according to your opinion."

As the saying goes, it is advisable to chase the poor with the remaining brave. Seeing this situation, Tian Liangwei quickly followed him with a snake stick:

"The other thing is Xiao Xu's shares, Secretary-General Zheng, with the one million cash inflow shares in Xiao Xu's hands, how much do you think you can take?"

Seeing that the two academicians were obviously supporting Xu Yun, Zheng Zu had no choice but to put away his previous unrealistic thoughts, thought about it seriously, and said:

"Academician Tian, ​​Academician Pan.

The fund's valuation of Dr. Xu's products is about 18 million, and 1 million cash flow is mixed in. According to the ratio, it is 5.555% to 5.6%.

Counting the previous 28%, theoretically it is 33.6%.”

Tian Liangwei nodded slightly, then turned to look at Xu Yun:

"Xiao Xu, what do you think?"

Xu Yun was silent for a few seconds, then said:

"I have no problem with the cash ratio, but I still can't accept the proportion of technology shares. The sum of the two must be at least 40%."

"Doctor Xu, there is really no way"

Faced with Xu Yun's request, Zheng Zu rubbed his temples helplessly, then he looked around vigilantly, and said in a low voice:

"Now, I'm telling the truth.

You should know that although the authority of our fund is relatively independent, we are still responsible to the Academy of Sciences after all.

The incident with the Mu family had a big impact not long ago, so now that we start financing, there are certain restrictions, so it’s not that I’m stuck on these points, but the current form.”

Tian Liangwei blinked:

"Which family?"

Zheng Zu spread his hands and said directly:

"What else can I do, the Mu family who works on computers."

Tian Liangwei looked stunned, and turned to look at Academician Pan.

Academician Pan Wen Xian nodded knowingly, and said:

"Secretary-General Zheng said it is true, Xiao Xu, Secretary-General Zheng, since this is the case, how about everyone taking a step back?

Let me tell you a number, Xiaoxu 38%, AB shares, employee stock options can be reduced a bit, and Secretary-General Zheng should be able to make a deal. "

Zheng Zu pursed his lips, quickly calculating in his heart.

After a few seconds, he breathed a sigh of relief and said:

"No problem, just follow what Academician Pan said."

38%, a little different from Xu Yun's 40%, but it's already many times better than the initial 23%.

Xu Yun is not a person who does not have a hard time. With AB equity in hand, the company's decision-making power is firmly in his own hands. This is undoubtedly the best result:

"I'm fine, sign the contract."

At this point, the issue of cooperation is settled. Zheng Zu reported the situation back to the foundation, as long as the chairman of the foundation on the face of the foundation approves, the agreement can be officially signed.

While waiting for the receipt, Zheng Zu, who was under pressure suddenly, couldn't help chatting with a few people:

"By the way, Dr. Xu, do you have any thoughts on the name of the company?"

Xu Yun nodded:

"I do have an idea."

"Oh? What's it called?"

"One Manchu Mie, what do you think?"

After a while, there were three roars in unison in the office:

"Are you not afraid of being beaten to death by readers?"