Tycoon: I Have an Unlimited Modifier novel Chapter 390

Chapter 390: Chapter 203: The Duties of a Personal Secretary (Part 2)

"However, due to upfront costs like talent development, the company has spent a total of 121 million. Not only have we not turned a profit, we’ve actually lost 76 million."

"Fortunately, our revenue and table turnover rate are both very impressive."

"Although we’ve delayed payments to our suppliers, they haven’t complained. It’s just that our cash flow is extremely tight."

"Currently, Sequoia has offered a valuation of 5 billion US dollars. The only other firm to follow suit is Black Ant Capital; other VCs are still on the sidelines."

Yuan Li reported earnestly.

"No rush. Our branches in the first-tier cities haven’t even opened yet. Once they do and our performance numbers are impressive, we won’t have to worry about investors. They’ll be fighting over us."

Qi Sheng, however, was quite patient.

A satisfied smile spread across his face when he saw that Spicy King’s table turnover rate had climbed to 4.2.

"This turnover rate is excellent. Keep it up."

When Qi Sheng saw the 70-million-plus deficit on the books, he simply smiled knowingly.

’The system’s accounting is truly flawless!’

’Every entry, every transaction, was perfectly, unimpeachably logical.’

"Boss, could you perhaps lend the company more money? Or we could pursue another round of funding."

Yuan Li was getting desperate. The company’s cash flow was stretched to its limit.

She was terrified that the funding would dry up at any moment.

"Alright. I’ll loan the company another 200 million, interest-free. You can pay it back once Spicy King is profitable."

Qi Sheng couldn’t bear to see Yuan Li so worried, and besides, his own funds were more than sufficient.

Loaning some money to Spicy King to tide them over wasn’t an issue.

"Thank you, Boss!"

Yuan Li was thrilled. She hadn’t expected to secure the funding so easily.

"No need to thank me. Even though Spicy King is raising funds independently, it’s still a company I control. I can’t just ignore it."

Qi Sheng smiled and waved his hand dismissively. "This 200 million is just an appetizer. I have a VC firm under my name that will be fundraising soon."

"Going forward, that firm will act as Spicy King’s cornerstone investor and participate in its subsequent funding rounds."

"That’s wonderful!"

Yuan Li’s face lit up with excitement.

She was well aware of the importance of a cornerstone investor.

Virtually every company listed on the Hong Kong Stock Exchange hopes to secure the backing of a few cornerstone investors.

It boosts market confidence and ensures the stock price rises steadily.

Typically, only giants on the scale of Tencent and Sequoia are qualified to be cornerstone investors.

It wasn’t just a matter of making empty promises.

It required putting up hundreds of millions of US dollars in hard cash.

"Boss, what’s your firm called? Is it an RMB fund or a US dollar fund?"

Yuan Li asked, her curiosity piqued.

Given her boss’s deep pockets, she figured it wouldn’t be some obscure, small-time VC firm.

"Jinshi Capital. It was just established. I’ll be injecting an initial 1 billion and then raising another 4 billion externally."

That’s what Qi Sheng said, anyway.

But he wasn’t entirely confident he could raise the full amount.

After all, it was a brand-new VC firm.

With no track record of successful investments, fundraising would likely be very difficult.

"Uh..."

Yuan Li was dumbfounded. She asked, speechless,

"Boss, can a brand-new venture capital firm really act as Spicy King’s cornerstone investor?"

Based on her projections for Spicy King, it was destined to become a super-unicorn with a market valuation starting in the tens of billions of US dollars.

For a company of Spicy King’s magnitude, becoming a cornerstone investor would be unthinkable without several hundred million US dollars.

For a brand-new VC firm...

to raise several hundred million US dollars in just two or three years...

It was completely unrealistic!

"Don’t worry. Before Spicy King goes public, Jinshi Capital will be a star in the venture capital world. It will absolutely be Spicy King’s most resolute cornerstone investor!"

’As a reincarnated ’cheater,’ how could he not know which companies had potential?’

’He just had to bet on a few winning horses, and Jinshi Capital’s DPI would be enough to make countless investors’ jaws drop.’

"Alright then. I’ll look forward to seeing Jinshi Capital’s big moves!"

Yuan Li didn’t want to dampen her boss’s enthusiasm.

Besides, she had already gotten the 200 million she needed.

「...」

A short while after Yuan Li left, there was a knock on the office door.

"Boss, President Lu from Jinshi Capital would like to see you."

His secretary, Liu Shiwen’s, voice came from outside the door.

"Yes, let her in."

Qi Sheng’s voice was perfectly steady as he reached down to pat Tang Qian under his large executive desk.

Tang Qian gave him a seductive look in return, her legs, clad in black stockings, kneeling on a cushion.

She then resumed her duties as his "personal assistant."

"Boss."

The woman Liu Shiwen led in was none other than Lu Fang, the CEO of Jinshi Capital whom Qi Sheng had recently recruited.

"President Lu, have a seat."

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