Chapter 325 [Yes, there is a pattern, do it well]
"Hello, Mr. Luo!"
Li Haidong was not too disobedient. After being stunned for a while, he immediately took the initiative to say hello.
"Sit." Luo Sheng put his hands on the table, but he did not set off. When Li Haidong heard this, he sat down on the chair opposite him and placed the briefcase in his hand on the thigh of his front.
Frankly speaking, when I met this young super boss, it is impossible to say that Li Haidong is not restrained in his heart. Although he may be several years older than Luo Sheng in actual age, there is no comparison.
Luo Sheng also saw it, but he didn't say anything like "no need to be nervous".
"I have read the materials of Jingchuang Technology. It is very rare to choose to start a business that works in domestic EDA software. Why did you choose to take this path? Is it because there are too few domestic competitors and it is easier to succeed? Or is it other?"
Faced with Luo Sheng's curiosity and seemingly interested in the question, Li Haidong seemed to have forgotten all the words he had prepared before, and he had no idea where to start.
He shook his head, but did not answer immediately, and Luo Sheng was patiently waiting for his reply.
Li Haidong was actually very anxious inside. He knew that he would have delayed the boss too much time. After a while, he finally reorganized the language and said, "If the road of domestic ecaliber software is easy to follow, it will not be almost extinct."
Luo Sheng said concisely: "How do you say this?"
Li Haidong looked at the other party and said, "I personally sorted out the entire supply chain of the Costa çao through the information I can find in the market. I think the most fatal and boring link may be the EDA tool. It can be seen from the perspective of the leopard. This is also true for the entire domestic integrated circuit industry. There are not many people engaged in the domestic EDA industry, not because no one goes there, but the gap with international giants is daunting, or even desperate..."
"How to say this, a more significant feature of the eda industry is that it has a strong monopoly nature, very high technical barriers, and long investment cycles, which doubles the difficulty of breaking the deadlock, and of course fewer people are engaged in it. This is the result of a vicious cycle. eda is a very typical application-oriented industry. Downstream IIC designers should provide whatever eda needs, so they need to provide the support of the ecological environment."
After opening the conversation, Li Haidong's statement became smoother. Luo Sheng signaled that Qin Weimu, who was also present, would come over two glasses of water, which made Li Haidong flattered. He knew that this beauty is now a famous person in the VC world because her current identity is the CEO of Shengfeng Capital. Of course, she had long been famous in the IT world before this.
"Thank you!" Li Haidong took the water cup.
Luo Sheng smiled and said, "Continue to say it in detail, and say everything in your mind, without time limit."
This made Li Haidong very energetic and made him realize that Luo Sheng seemed to attach great importance to EDA software. He thought about it, and did not look at who the big guy was sitting in front of him. He must have seen the importance of industrial software in modern industry, especially semiconductor industry.
Li Haidong nodded, organized some words and said freely: "Looking back on the development process of the global EDA industry, it is basically based on integration. Only through integration can it be expanded on the basis of independent development. Over the years, the state's funds have not exceeded 50 million yuan in the EDA industry, and almost no one pays attention to it. This is actually quite frustrating."
Speaking of this, Li Haidong couldn't help but sigh: "At present, I have hardly found companies in China that have eda tools. To be disgusting, from the perspective of the total number of professional talents, there are currently no more than 200 people engaged in domestic eda R&D in one country in my country, and there are more than 7,000 EDA R&D personnel in a company called Synopsys."
"What is the domestic market share? According to the data I obtained, my country's eca market currently accounts for about 3% of the global market. Last year, the total domestic eca sales should be below US$100 million, and domestic eca tools account for about 3.7% of the domestic market. Synopsys' R&D expenses last year were as high as US$500 million."
"The global EDA structure is solid. There are currently about fifty or sixty manufacturers in the world, but the core is only three at the first level, namely Synopsys, Kaideng Electronics, and Mingdao International."
"The three companies have complete full-process products with overall advantages, with absolute advantages in some fields, accounting for about 80% of the global market, and annual revenue of billions of dollars. The second level has full-process processes in specific fields, leading technology in some fields, accounting for about 15% of the global market, with annual revenue between US$20 million and US$100 million, and about 40 companies in the third level, with annual revenue generally below US$15 million."
After Li Haidong finished speaking, he drank a sip of water to moisten his throat.
At the end, Luo Sheng nodded slowly and said with a smile: "I have been paying attention to the eda industry. This road is very difficult. How confident are you to take this road and make some achievements?"
Li Haidong stared at Luo Sheng's eyes and said sincerely: "Mr. Luo, to be honest, I don't have confidence in this question, and the probability of failure is very high. But I personally think that someone must do domestic EDA, otherwise some day in the future, the West will not need to do too much. Just stop supplying EDA software can easily kill the development of the domestic integrated circuit industry. This may be a bit sensational, but it is 100% certain to limit development. This is also the biggest reason that drives me to return to China to start a business. Even if Jingchuang Technology fails, it can still cultivate some talents for domestic EDA."
He said it very firmly, and he looked directly at Luo Sheng without any hesitation. Any part of his body would lie, only his eyes were traitors, and Luo Sheng saw a determination from his eyes that he was ready to die and never regretted it.
But for a moment, Luo Shengyun said calmly: "Okay, I don't think there is any need to continue talking."
Li Haidong felt a chill in his heart.
But the next moment, the magical twist caught him off guard. Luo Sheng looked at him and smiled and said, "Is 10 million US dollars enough?"
Li Haidong's heart was beating wildly. After reacting, he shook his head and stopped and said, "Mr. Luo, I want 8 million yuan. Maybe 8 million yuan is too much. The Jingchuang Technology team currently has no more than five people."
He didn't expect it to be so smooth.
Luo Sheng nodded and was very straightforward: "Okay, then I'll invest 8 million first. If it's not enough, come and ask me for it."
Li Haidong asked: "Mr. Luo, how much equity do you plan to want Jingchuang Technology?"
Luo Sheng said without hesitation: "Then follow the normal investment process. The angel round financing entrepreneurial team will sell no more than 25% of the equity. I will take 22% of your company's equity and will not attach other special terms. I have no objection?"
Li Haidong immediately responded: "No, no objection, I feel that there is less transfer."
This is not a polite statement. Li Haidong really feels that there are fewer gifts. Although there are not many words to express them, he is really grateful in his heart.
Luo Sheng smiled and said, "Make a name for yourself, otherwise you will give me 100% of the equity, and my money will be wasted."
Li Haidong nodded solemnly.
After a while, Luo Sheng picked up a landline phone and gave a few instructions, then looked at Li Haidong again: "I have said hello, so let's do it. After leaving this door, there will be staff to take you to sign a contract. You can provide you with legal consultation for free. Of course, you can also hire a lawyer yourself, it's fine. You can take the money away today."
That was so straightforward and the agreement was settled in six minutes.
After saying that, Luo Sheng, who was smiling, was still sitting but stretched out with one hand. Seeing this, Li Haidong quickly stood up and leaned forward, and used his hands to hold it with his hands to show respect and said, "Thank you very much for your trust, Mr. Luo."
"In addition, let me tell you another news. It should be worthy of attention for Jingchuang Technology. You have opponents in China." Luo Sheng took back his hand and looked at the puzzled Li Haidong with a mysterious smile: "Just two days ago, Huada Jiutian Software Company was established. It was jointly invested by Shengfeng Capital, Huada Group and Guotou High-Tech. It is a new company specializing in eda software development and services. The registered capital is 200 million yuan. Our Shengfeng Capital invested 150 million yuan. The news has not been announced to the industry, but it is also soon."
Li Haidong laughed when he heard this: "As a practitioner in the EDA industry, I am really happy from the bottom of my heart, as if I woke up and changed the sky. With the support of the country, there are also social capital participation as strong as Shengfeng Capital to strengthen its financial strength. For the entire domestic EDA industry, it may usher in the best era. This is good news."
He was indeed very happy from the bottom of his heart, which shows that Luo Sheng attached great importance to the development of the domestic EDA industry. There is a great probability that this industry will undergo earth-shaking changes because of him, which is much higher than he expected.
Luo Sheng couldn't help but look down on him three points: "No, I have a plan, do it well."
Li Haidong nodded: "Then I won't disturb you."
Luo Sheng smiled and said, "Go."
Li Haidong left this office, and as expected, a staff member was already waiting here.
He followed the other party and met Luo Sheng for only six or seven minutes. He soon negotiated an angel round of financing of RMB 8 million, but it would definitely take several hours to sign the specific contract.
As long as the contract is signed, the funds can be transferred to Jingchuang Technology's account on the same day. Shengfeng Capital is short of everything now, but the only thing that is not short of is money. Not to mention 8 million, even 8 billion yuan can be paid on the same day.
...
Chapter completed!