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Chapter 297 The Last Chance

Yi Ruoshui said with great connotation: "Some friends hope that we can squeeze out 15% of our share this round, but the board of directors has decided to take 10% of our shares to make friends."

Even if Starry Internet only takes out 10% of its shares, it can get 20 million US dollars of venture capital at a valuation of US$200 million, not to mention that Starry Internet can raise more funds after listing. Tianze suddenly gains confidence in Starry Internet. Mayor Zhang also said directly: "When your round of financing comes to an end, our basic work will be done almost. Then we will discuss it in detail. By the way, what else do we need to help you Starry Internet fight for it?"

Yi Ruoshui replied very clearly: "Broadband network pilot. I talked with Secretary Yu before coming to the provincial capital. Secretary Yu asked us what kind of support policies are needed for Starry Internet. I told Secretary Yu that our Starry Internet has foreign venture capital, so we can do not have financial subsidies or preferential policies. But what we want most is broadband network access. Wherever there is broadband network access, even if it is a community pilot, Starry Internet will be there!"

Broadband network?

Mayor Zhang claimed to be the leader in the province who understands the Internet economy the most, but he was confused at this moment: "What is a broadband network? Is it a dedicated line access or an isdn? No, you already have a dedicated line access, so you definitely don't look down on isdn."

As the chief technology officer of Starry Internet, Jiang Yulian naturally has to appear as a technical expert at this moment: "It is a brand new technology for foreign experiments, including adsl and n technologies. I have discussed it with Mr. Yi. In a short period of time, we are more optimistic about the adsl technology that can directly use telephone lines without hardware transformation. Secretary Yu also said that he will strive for broadband network access pilot work!"

Mayor Zhang immediately reacted: "Adsl technology? I asked the Municipal Telecommunications Bureau to give me a special report. How much broadband access can this technology provide?"

According to the information learned by Mayor Zhang, the telecommunications system in Jiangdong Province has just completed hardware upgrades, providing 56kb of de-numbered Internet service has almost doubled the network speed. The newly introduced isdn technology can provide 64kb bandwidth without affecting the normal use of the phone. If dual-channel isdn isdn, it can provide an ultra-large bandwidth of 128k. Network companies like Starry Internet use 512k or 1 dedicated line access. However, network companies introduced by Starry Internet in this country have such great interest in adsl technology, which can only mean that adsl should be able to provide greater bandwidth.

Jiang Yulian gave a completely incredible bandwidth: "Adsl can provide 8 broadband access to individual users at most, and like isdn, it will not affect users' normal call call, and there is no need to hardware transformation of the existing telephone network, as long as equipment transformation is carried out on the local side."

Mayor Zhang immediately understood: "You inform the Municipal Telecommunications Bureau that our Tianze Municipal Government will become the first big city in the country with Adsl broadband access. I am waiting for them to report on their work. If there are any difficulties, the city can help them solve them, but Tianze City must be the first in the country. Mr. Jiang, where do you say there is broadband network access? Wherever you say, Starry Sky Internet is? "

Yi Ruoshui clearly replied to Jiang Yulian: "That's right, Starry Sky Internet is an Internet company after all, and it is born on the Internet. Network quality is our life."

"No problem, we have reached a preliminary consensus. When your round of financing comes to an end, we can talk about the details of Century Network City. This network city will affect the economic development of Tianze in the next ten or twenty years!"

Although I feel that Yi Ruoshui and Starry Sky Internet may not have the strength to promote the construction of a new city, Mayor Zhang and the government officials who participated in the negotiations are now very interested in the plan of Century Network City. Building an online industrial park is already a great political achievement, let alone a new online city in the new century. Such a new city is the most dazzling political achievement in any big city.

But before the official launch, both sides had a lot of basic work to discuss. At least such a major event must have passed by the secretary's office meeting. Yi Ruoshui had made a clear statement over there: "Mayor Zhang, I am not in Tianze for this period. If there is any problem that cannot be solved, you can order Mr. Jiang!"

Jiang Yulian said with a smile: "Mayor Zhang, just tell me what you have to do. I promise to give you a satisfactory reply!"

After this meeting, both parties began to operate efficiently, and Starry Internet's D-round financing was launched directly, several months earlier than the industry's view.

The industry originally agreed that Starry Internet will start a round of financing after the number of Internet users in the first half of this year is to launch a D round of financing after the number of online users has come out. However, no one expected Starry Internet to act so quickly. This did not catch the industry off guard, but also made many venture capitalists feel that it was too radical.

What makes them feel too radical is the valuation of Starry Internet. Although they have had psychological expectations before, no one expected Starry Internet to increase its valuation to US$200 million, even if it is a large Internet company in the United States.

They have had very precise calculations before. The valuation of Star Internet in the last round was US$60 million. After nearly a year of development, Star Internet's business has grown greatly, so the valuation between US$80 million and US$100 million is a relatively reasonable price. Star Internet also owns more than half of Star International's shares. Star Internet has just completed a round of financing of US$60 million, so the consideration of holding shares is at most US$40 million. After this calculation, Star Internet's most optimistic valuation is US$140 million. If it is a little pessimistic, it may only be 120 million. How can it offer a sky-high price of US$200 million?

The 200 million US dollars should be the consideration for Star Internet when it was officially raised, but Star Internet still quoted 200 million US dollars and had no intention of lowering it. Although the industry was extremely shocked and thought Yi Ruoshui was too proud, they were all extremely happy. After all, everyone's valuation has always been based on Star Internet. The higher the valuation of Star Internet, the more beneficial it will be for everyone to raise funds and list. Even Sun Xiangshan hopes that Yi Ruoshui can maintain a valuation of 200 million US dollars, so that they can have a chance 67.
Chapter completed!
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