Into Unscientific

  Chapter 81 Dust Settled

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

  Before today's tripartite or four-party meeting, Tian Liangwei and Academician Pan had already prepared everything!

  Although the commercial prospect of the fifth-generation imidacloprid is very attractive, it is only a type of biological pesticide 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 a secretary-general of a start-up fund like Zheng Zu to come forward in person.

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

  That is to say, the valuation of Xu Yun's company by the new venture fund is about 18 million.

  Innovation Fund is a scientific and technological innovation fund for colleges and universities, and the specific definition of the links involved is actually rather vague.

  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 round is valued at 20 million Huaxia coins. What is this concept?

   Give a chestnut.

  A certain investor’s 2012 angel round financing was only $300,000, and the A round in 2013 was about a few million dollars smaller. The leading 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 level of millions of dollars.

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

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

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

  However, the importance of new innovations is important, and the interested parties it represents are 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 buys shares purely with 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 HKUST, and Tian Liangwei prepared such a backhand in advance. .

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

  Then he has it now, 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 really care about your student

   500,000 entrepreneurship support from the Double Academy. I remember that the last time our school had this kind of treatment, it was Pang Shen from the Number Academy, 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 it has been baked:

   "The same gpa4.3, 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 multi-level entrepreneurial support is not something that Mr. Tian and I can approve. It is also a skill to be recognized by everyone. "

  Tian Liangwei on the side heard this and nodded cooperatively.

  As Academician Pan said.

  Personally offering 500,000 yuan and the academy approving 500,000 yuan are completely different things.

  Both he and Tian Liangwei have their own industries, and the annual licensing fee for some patents in their hands is 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.

   There are verbal and political issues.

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

  The origin 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 this case, Academician Pan, Academician Tian, ​​and Dr. Xu, let's talk about the issue of share distribution in detail."

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

   "Secretary-General Zheng, there is only one requirement from the Institute of Biosciences. 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 condescending"

   "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.

  HKUST is a university with a serious partiality.

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

  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 a total of 17 academicians of the Academy of Sciences of the University of Science and Technology of China, and more than 200 people with senior professional titles. Among them, Dean Shen and Academician Ouyang mentioned by Academician Pan are the authoritative representatives.

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

   "Hey, hey, okay, just follow your opinion."

  As the saying goes, it is advisable to chase after the poor. Seeing this situation, Tian Liangwei also hurriedly beat the snake stick to follow:

   "The other thing is Xiao Xu's shares, Secretary-General Zheng, with the one million cash inflows in Xiao Xu's hand, 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 valuation of Dr. Xu’s products by the fund is about 18 million, and if 1 million cash flow is mixed in, the ratio 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%."

   "Dr. Xu, there is really no way"

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

   "I'm telling the truth now.

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

  Not long ago, the Mu family’s incident had a great impact, so now we have started to have certain restrictions when we start financing, so it’s not that I’m stuck on these points, but the current form.”

  Tian Liangwei blinked:

   "Which wood family?"

  Zheng Zu spread his hands and said directly:

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

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

  Academician Pan Wenxian nodded knowingly, and said:

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

  Let me say a number, Xiaoxu 38%, AB shares, employee stock options can be reduced a bit, 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 is already many times better than the initial 23%.

  Xu Yun is not a person who doesn’t 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?"

   "What do you think of a mantis disappearing?"

   A moment later, three roars sounded in unison in the office:

   "Aren't you afraid of being beaten to death by readers?"

   From the 1st update to yesterday, take a break today, let’s have 6,000 words for the second update, and continue to explode tomorrow.

   In addition, the shampoo is very serious. I have a little tolerance after using it for a long time.

  (end of this chapter)