Thinking of this, Principal Wang also shook his head helplessly.
"There’s nothing we can do. Now Panda TV is struggling to co up with 20 million, let alone 45 million. That’s just impossible."
Hearing this, Li Zhun couldn’t help but say, "Why not increase your stake and put so more money in? Are you saying you can’t spare that amount?"
Principal Wang shook his head again.
"It’s not that simple. I’m currently holding 40% of Panda, and even the managent rights are almost gone. The capital that entered later won’t agree to increasing my stake unilaterally.
If it were just that, it wouldn’t be an issue. We could invest together, but these bastards don’t want to spend any money. They only want to start a B round of financing. Now, Panda is already in a dead end. Internally it’s impossible to fund developnt, and externally no one is optimistic about it. At this rate, Panda will declare bankruptcy sooner or later."
When ntioning this, Principal Wang was nearly gnashing his teeth at those shareholders of Panda TV.
Gu Bai listening on the side, had already understood the gist of it.
Panda TV is already on the sa path as in the last lifeti, with chaotic shares and rotten managent. Continuing like this, bankruptcy is only a matter of ti.
Thinking of this, Principal Wang looked at Gu Bai.
"Gu Bai, regarding the financing I ntioned to you last ti, what are your thoughts? I heard this morning that Black Swan Capital is planning a huge investnt. Interested in boarding my sinking ship?"
Gu Bai picked up the glass of wine on the table, not rushing to respond. Half a minute later, he slowly said, "Principal, honestly, I’m optimistic about the future of the live streaming industry, but as for your Panda TV, not at all."
"?"
Gu Bai didn’t hold back, speaking straightforwardly, "Although your Panda is still among the top three live streaming platforms, you should know that it’s only on the surface. Currently, Panda doesn’t stand a chance against Douyu and Huya.
And once Douyu and Huya successfully secure financing, how many of your top strears do you think Panda can retain?"
This statent hit ho for Principal Wang.
Any live streaming platform’s model relies on top strears for traffic while small to dium strears generate revenue. Without several leading strears, the platform simply cannot sustain itself.
Gu Bai’s words weren’t unfounded. According to the developnt in the last lifeti, in a while, Douyu will complete its Series D financing. At the beginning of 2018, Panda’s top strears will start jumping ship, including the now very popular Zou Erke, Zhou Shuyi, and others.
Principal Wang knew Gu Bai wouldn’t tell him this for no reason, staring directly at Gu Bai.
"Go ahead, what are your conditions for Black Swan to get involved?"
Gu Bai’s mouth curved upward into a slight smile, "It’s not about conditions. It’s the only way for Panda TV to survive."
"?"
"Kick out Qihoo 360, Yuan Stone Capital, and LeTV, and restructure the internal equity of Panda TV!"
Principal Wang: "Easier said than done. Their shares combined are almost equal to mine, and the remaining 20% are aligned with them, making it impossible."
"It’s simple to achieve. These companies’ initial capital isn’t deep. If you can introduce a new shareholder during the B round, then two parties holding more than 51% can achieve relative control, and restructuring the company isn’t hard."
Principal Wang squinted, glancing at Gu Bai’s face.
"Just tell , how do I do it?"
"It’s easy for to invest in Panda, but I need you to persuade them at the shareholders’ eting to release 30% of the shares during the B round. Once our shares combined reach the 51% relative control, that’s the only way Panda can survive; otherwise, it’s a slow death."
"You know, that’s impossible. They can’t accept diluting out 30% of the shares at this financing stage."
"Then it depends on your efforts, Principal. This is my basic requirent for investnt. If this isn’t t, I won’t throw away billions whimsically."
Principal Wang had many concerns.
Gu Bai was aware of the equity chaos issue. If restructuring could be done to regain control, he would certainly be eager.
But releasing 30% of the shares at once would directly dilute him from the largest shareholder to the second. Although he and Gu Bai are friends, in business, even blood brothers can’t be trusted. What could a friend’s relationship an?
He feared that after driving out the wolves, he might bring in the predator, Gu Bai, instead.
Gu Bai understood Principal Wang’s concerns, but this was his condition. If not t, he’d rather seize opportunities with Douyu and Huya than flush money down the drain.
The atmosphere beca silent for a mont.
A few minutes later, Gu Bai spoke again, "Alright, let’s talk about business later. Today we’re here to have fun, so let’s enjoy ourselves first!"
He then turned to Zhao Weiwei, "Brother Zhao, it’s about ti. Bring in those influencers from the company."
Zhao Weiwei also nodded and made the call.
After eight in the evening, the first group arrived.
The three from dorm 404 ca.
Deng Bo, Wen Cunming, and Lou Xun were dumbfounded upon seeing the people already seated and waiting.
Though Li Zhun and Zhao Weiwei are also top elites of Shanghai, they aren’t well-known, so the three didn’t recognize them.
Principal Wang was different. As a top-tier influencer, he had many titles: National Husband, Top Rich Second Generation, Entertainnt Circle’s Disciplinary Committee, Influencer Conqueror.
They had accepted that Gu Bai was a rich second generation, but they didn’t expect him to hang out with the likes of Principal Wang.
Seeing the three, Gu Bai also smiled and introduced each other.
Principal Wang and Li Zhun greeted politely, not too warmly, but not cold either, respecting Gu Bai’s face.
As for Deng Bo and the others, they felt at ease, as it’s Gu Bai’s domain, and they, like Principal Wang, were guests.
Next ca the influencers Zhao Weiwei called, who were the main attraction of tonight’s party.
The influencers were mostly won, with fewer n. Most notable ones under Xingnai dia were present, those absent simply weren’t qualified.
Leading them was the most popular among Xingnai dia now, the first conquest since Gu Bai’s rebirth, Little Sweet Luo Yaqian, walking at the front, smiling and greeting Gu Bai.
Gu Bai gave a faint smile in return.
As for the batch of influencers, Gu Bai didn’t know many, so he didn’t bother introducing them. Whoever’s interested could introduce themselves later.
The last group included Lu Wei, PDD, Zhou Shuyi — the newly signed top strears.
The luxury house of over 600 square ters easily accommodated a party of dozens.
With everyone present, Gu Bai officially announced the start of the party!
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