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Chapter 15 Venture Capital

"Another genius who wants to run away from the Midi Emperor."

Many outside media wanted to interview Zheng Li, but Zheng Li refused to agree. The school blocked them all for him.

After publishing in Nature, Zheng Li felt no different from before. His classmates used to call him Zheng Shen, but now they still call him Zheng Shen.

He knows a lot of people. Occasionally he will be pointed out when he walks in the school. All the senior leaders of the school know him.

He didn't go to class before, but now he doesn't go to class, and no one cares about him anymore. After he was issued ARMA, the dean directly asked him to teach the newly recruited graduate students some advanced classes.

The college teacher asked him to take all the courses he could and try to graduate in two years, but he only took exams anyway.

"Zheng Li, you have to participate in this year's Qiu Competition. I'm waiting for you to win a gold medal for the school."

Liu Gui was very pleased that Zheng Li no longer visited the School of Biology every day. He hoped that Zheng Li could help the School of Mathematics win a gold medal in the Qiu competition.

Over the years, the School of Mathematics at Jiangcheng University has only won silver medals at most.

Zheng Li promised that he actually had no time to think about this. He had been trying to find a way to contact Mr. Lei from Rice through school channels.

He went directly to the principal to get Lei Jun's phone number, and declared to the principal that he was a loyal fan of Lei Jun.

Then he asked the principal to make an appointment with Lei Jun in advance, and they made an appointment one night on the weekend. Lei Jun heard that he had a fan who published Nature in his freshman year at Jiangcheng University, and he was willing to give the other party a chance to hear what the other party wanted to say.

This kind of talent is definitely not as simple as just making a phone call to express admiration. Even his fans are just excuses.

Lei Jun, as a top talent, has been in the entrepreneurial circle for many years and knows this very well.

However, he was willing to give Zheng Li a chance to express his nature at the age of 18.

On weekend night, Lei Jun thought he was giving the other person a chance, but little did he know that this was the biggest opportunity in his life.

"Hello, Mr. Lei? I'm Zheng Li from Jiangcheng University." Zheng Li has the idea of ​​​​finding the next person to succeed in what he wants to do through Lei Jun.

Lei Jun laughed heartily after receiving it: "Hello, classmate Zheng, I am Lei Jun. I heard from the principal that you are a fan of mine and want to chat with me. I need to give you some life advice, senior."

Lessons learned?”

Zheng Li felt that he was thinking too much, "That's right, Mr. Lei, do you know the content of the paper I published in Nature?"

Lei Jun: "If I remember correctly, it is a synthetic molecule."

Zheng Li nodded and continued: "This molecule is called endorphin. Endorphin can act as an analgesic. I have discovered how to produce endorphin on a large scale."

"I need venture capital to register a worldwide patent, and I need to conduct clinical trials to prove that this analgesic is more effective than other analgesics and has fewer side effects."

After hearing this, Lei Jun became energetic:

“How do you prove that endorphins work better than other analgesics?”

Zheng Li: “Because endorphins could not be produced artificially before, experimental records on the analgesic effects of endorphins were limited.”

"But through limited experiments, we can see that the addictiveness of endorphins is much lower than that of morphine, and the analgesic effect and sequelae are also better than those of morphine."

"These effects were demonstrated in small mammals and there are currently no experimental records in humans."

"But according to my intuition, endorphins will also have better effects on the human body than other analgesics."

After listening to this, Lei Jun asked directly: "How much venture capital do you need to achieve the results you want?"

"In addition, you make a PPT and a specific plan. You give your identity information to my assistant. I will ask the assistant to book your air ticket for Monday. Come over and we will discuss it in detail."

You don't need to think hard to know how valuable a new drug is, let alone an analgesic, a new drug with an extremely wide range of applications.

If the effect of endorphins is really that good, he will surely make a profit by investing in this business.

"Mr. Lei, please book a train ticket for me. I don't want to fly."

Before mastering magic, Zheng Li would not be able to fly.

After talking to Zheng Li, Lei Jun called his assistant and gave instructions:

"Xiao Li, tomorrow make me an introductory document about endorphins, as well as an analysis report on the domestic and worldwide analgesic market."

"Give it to me before work on Monday."

...

Zheng Li and Lei Jun had a good conversation after meeting, and Lei Jun expressed his strong willingness to invest in this project.

Lei Jun asked: "How much money do you need?"

Zheng Li: "At least 50 million for one phase."

Lei Jun: "I want 30% of the shares."

Zheng Li refused: "50 million, I will give you at most 10% of the shares."

Lei Jun: "You only have one Nature paper now. You just say that large-scale production of endorphins can be achieved, but there is actually no proof of it."

"In addition, the actual effect of endorphins and whether they can really replace the effects of traditional analgesics such as morphine are also unknown."

"I am taking a big risk by investing in your project."

Zheng Li was unmoved: "Venture investment is about taking risks. Mr. Lei, you are investing in people. If the problems you just mentioned are solved, I'm afraid this venture investment will not be worth the money."

"Fifty million and 10% of the shares are already a lot. This is just the first round of investment. If I give you 30% of the shares in the first round, my own share will be reduced to a very small amount later on."

"And the ten percent of the stock given to you has voting rights."

Lei Jun said: "But ten percent is still too little. Fifty million is not five million."

Zheng Li said speechlessly: "Mr. Lei, please don't treat me as a student. I am talking to you about a new drug or a new drug with broad market prospects."

"You know very well the cost of developing a new drug. Hundreds of millions of dollars may be wasted."

"Now it is a mature new drug that requires venture capital to register a patent and conduct clinical trials."

"Fifty million is not expensive at all, it is already very cheap."

"I believe that if I stay at Jiangcheng University for a few more years, when I get out, if you think about venture capital, you won't be able to get even 5% of the shares for 50 million."

Zheng Li refused to give in at all.

The essence of venture capital is to invest in people, not to mention that Lei Jun is very optimistic about projects and people.

2019 is different from 2010. In 2010, venture capital focused on investing in people with wolfish nature.

Even in 2016, why did Zhu Xiaohu not vote for Toutiao? It was because he felt that Zhang Yimin was not aggressive.
Chapter completed!
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