Shen Nanpeng is still a little reluctant to give up. He is really optimistic about Zhang Yiming's team.

"If you only follow 5% of the investment, you won't need 30 million U.S. dollars, and the safety problem shouldn't be big..."

However, as soon as he finished speaking, he was drowned out by objections.

"Nanpeng, we will definitely not be able to get the majority of the shares released by Byte this round. Once Tianxing hands all the voting rights to Zhang Yiming's team, they will always maintain absolute power of more than 67%. This is really dangerous.

.”

"Nanpeng, we can't set a precedent!"

"Thirty million US dollars is indeed not much, but it is an out-of-control 30 million dollars! It does not require withdrawal, no repurchase, no priority... This is not how charity is done!"

"We can just watch Tian Xing's nonsense, we can't follow him."

"Brother, it is indeed possible for Zhang Yiming to develop Byte very well, but I would rather spend 2 billion US dollars to enter the game in the D round and get the guarantees it deserves, than bet on whether I can win with 30 million without any guarantee!"

"Yes, the principle cannot be broken. We are a professional investment institution. Even if we invest 1 million yuan in the angel round, we must get what we need!"

Shen Nanpeng knew that everyone's opinions were right, so he didn't fight any further.

That's what venture capital is like - I can accept legitimate risks, but I can't let others go crazy and lose control.

If there are no rules, there will be no circle!

"Okay, then officially notify Byte: we will not follow this round of financing."

After the small meeting, the partners still resented Tianxing and continued to ridicule him.

"madman!"

"When new people enter the scene, they always want to make big news."

"Don't worry about them. Newcomers like this who have no sense of risk at all, even if they are lucky enough to invest in Paixun Ali, they will eventually go bankrupt!"

"I know that Han Lie is really powerful in the secondary market."

"What is the use?"

"Yes, earning tens of billions is not enough for him to be so wasteful!"

"Haha, wait and see the joke!"

"Next time he throws something, should we avoid it? It feels like a guiding light..."

Everyone was chatting and laughing, and didn’t take losing Byte’s Series B financing as a big deal.

Although Byte has become somewhat popular now, the uncertainty is still very high, and the hidden dangers from the level of public opinion are visible to everyone.

Maybe not as clearly as Han Lie and from such a high perspective, but everyone is familiar with the lessons learned from Fanfou.com.

Otherwise, with Toutiao’s DAU, the valuation really wouldn’t be only 500 million.

If you block comments and suppress creators, user stickiness and commercial value will be greatly affected.

If you are too laissez-faire and want to be popular, the supervisory authorities will give you a treat.

It is still unclear how far a news distribution platform with recommendation as its core can go.

Shen Nanpeng is the most regretful, but it is not unacceptable.

The word "sequoia" is the source of his confidence.

If Byte can really develop, then even if the Series D valuation reaches 15 billion or 20 billion, Sequoia can afford to keep up.

Until then, Tianxing, what can you do to resist?

Do you rely on your madness to ask for nothing?

Haha, funny!

…

When the receipt from Sequoia was transmitted to Byte, Zhang Yiming felt a little regretful, but not too surprised.

Zhang Lidong put the rejection documents from Sina, Shunwei, IDG, and Mingde together with those from Sequoia, shook his head and smiled bitterly.

"Yeah, it's all shrunk... Yiming, do you think Teacher Han did it on purpose?"

Zhang Yiming casually replied: "So what if it was intentional? The advantage is that it is firmly in our hands. I am too lazy to guess what he thinks."

"This guy is so awesome."

Zhang Lidong suddenly let out a sigh-like sigh.

"I have decided that I must talk to him more when I have time and make a good friend. There are so many things I can learn..."

"Um."

Zhang Yiming responded, his eyes still staring at the computer screen, his mind completely not on this matter.

"As long as he keeps this attitude, he will be our good friend. The more powerful he is, the happier I will be..."

"It's good. With him here, I feel like we can't suffer any more financial losses."

Zhang Lidong packed up the documents and prepared to retreat.

Before leaving, he suddenly asked: "By the way, I plan to pledge some shares and invest some cash in him later to see if I can earn some capital appreciation. What about you?"

"Okay, I asked my classmates who are engaged in finance. Teacher Han is really good in this area. He just defeated several old private equity firms and his status in the world is very extraordinary."

"Then it's settled. We will slowly go through the process and it will be announced in mid-to-late May."

"OK, say hello to Teacher Han for me, we will be a family from now on."

"Next week, I'll go to the Magic City to have a look. Bye!"

Zhang Lidong went out with the documents and went about his business.

Zhang Yiming was typing the code, completely forgetting his original intention of limiting Han Lie's share of equity.

Some people cannot be restrained.

We need to have a pattern, we need to be magnanimous, we need to be strategic, what should we fight against? What should we use to fight against?
Chapter completed!