Free Web NovelChapter 401: Chapter 400: Success is Imminent
Extraordinary Medical Technology’s first financing briefing officially started at 10:30 AM and concluded at 12:30 PM.
In Yan Feifan’s opinion, it was a successful meeting.
For starters, a good number of people had made a special trip to attend.
Song Yan came with his girlfriend, Tan Xiao, to support his sister. Liu Jin also attended in his capacity as the Dean of the Affiliated Hospital to back Yan Feifan.
Yu Youlian of Baining Medical Technology had also come all the way from Jingcheng and was present at the venue. freewebnσvel.cøm
Yan Feifan could tell from the expressions on Yu Chuanbai’s and Yu Suye’s faces that they, too, were surprised by their aunt’s sudden appearance.
In total, twenty-one potential investors attended the financing briefing.
Among them, Yan Feifan recognized Pan Lirong, Yue Wangdao, Ouyang Yanran, Ma Hongchen, Zuo Shusen, and Ren Zhongyuan.
Besides the turnout exceeding his expectations, Yan Feifan was also pleased to discover that they were all keenly interested in the product: the intelligent infusion controller.
They asked many detailed questions about the product.
They also posed numerous questions about the company’s financing proposal, as well as various aspects like production, sales, and marketing.
This stretched what was planned as a brief one-hour meeting into two.
The briefing also gave Yan Feifan a close-up look at Yu Chuanbai’s talent.
Facing the investors’ various questions about marketing, promotion, and market management, he was debonair and always managed to provide concise answers that were either satisfactory or brilliantly insightful.
However, it was Song Yi who truly impressed Yan Feifan.
After all, with the prestige of Harvard Business School behind him, any outstanding performance from Yu Chuanbai was to be expected.
But Song Yi—who had introduced herself as a dropout from New York University’s computer science program—spoke about financial and corporate management with surprising expertise.
Her performance was, without a doubt, that of a qualified professional manager.
This completely upended the impression he had of her.
’In my eyes, she was just an aloof, rich girl who liked racing and drinking, without much substance.’
’To be blunt, a pretty face who only knew how to have fun.’
It made Yan Feifan sigh to himself. ’You really can’t underestimate anyone.’
’Especially the second-generation wealthy who seem to do nothing but party and avoid real work. They’ve received elite educations arranged by their parents since they were young.’
’On top of that, they’ve been exposed to all sorts of things since childhood, broadening their perspectives.’
’If they were to get serious about starting a business, their chances of success might even be higher than for elites who have had to claw their way up from the bottom.’
After the financing briefing, Extraordinary Medical Technology had thoughtfully arranged a buffet-style business lunch.
However, most of the investors bid their farewells and left, with only a few familiar faces like Pan Lirong and Ouyang Yanran remaining.
As one of the hosts, Yan Feifan, along with Song Yi and Yu Chuanbai, personally saw the departing investors to the elevator.
The moment the elevator doors slid shut, Yan Feifan lowered his waving hand, and Song Yi’s voice sounded beside him.
"Feifan, how many of them do you think will actually invest?"
Yan Feifan couldn’t help but chuckle. "You’re asking me? You’re asking the wrong person."
"You should have a much better idea than I do."
Song Yi’s tense expression finally relaxed. "This is my first time raising capital," she said, her voice laced with uncertainty. "I just don’t know what to expect."
"They all seemed very interested and sincere, but I bet they’ll have a completely different attitude when we actually sit down to talk investment."
Yu Chuanbai offered a slight smile. "This time, it’s very likely we won’t have to seek them out. They’ll come to us."
He continued, explaining, "As for the investments we’ve more or less secured: Mr. Wang and his ex-wife are investing a total of twenty-seven million in Yanyan’s name."
"The Yu Family is in for at least twenty-four million."
Song Yi chimed in, "I’ve tentatively secured twenty-one million from my side."
"My brother said he can put together twenty million if needed."
Yu Chuanbai laughed. "That’s nearly a hundred million right there."
"We’re only raising three hundred million in total. If we let it be known that spots are limited and it’s first-come, first-served..."
"...I bet they’ll be knocking on our door."
As the three of them returned to the conference room, Ouyang Yanran walked up to Yan Feifan.
"Feifan..."
she began warmly, then glanced pointedly at Yu Youlian, who was deep in conversation with Liu Jin a short distance away.
"Regarding the sales of this infusion controller, I need to clarify something. Are you looking for a sole national distributor at this stage?"
"Or for regional ones?"
"Both Baiyulan and the Baining Group have the capacity to be the sole national distributor."
Yan Feifan replied in a serious tone, "Yanran, given our relationship, I’ll be straight with you."
"A sole distributorship is out of the question. We don’t want to be beholden to anyone."
Ouyang Yanran nodded. "I could tell from your financing proposal that your ambitions are not small."
"I’ll report back to the group when I return. We’ll assemble a team as soon as possible to discuss a regional distribution partnership with you."
"As for your financing..."
Ouyang Yanran held up a delicate hand, waving it in front of Yan Feifan. In a low, serious voice, she said, "I’m planning to invest this much, personally."
"Five million. Great! Yanran, thank you for your confidence and support," Yan Feifan said politely, though he was a little disappointed by the figure.
’An investment in a project like this should start in the tens of millions, at least!’
"It’s not five million. It’s fifty million!"
Ouyang Yanran corrected him, then added, "I have faith in you and your product. I’m prepared to use all my savings and mortgage my house to come up with this fifty million."
Yan Feifan was shocked and quickly tried to dissuade her. "Yanran, there’s no need for that. An investment of ten or twenty million would be more than enough."
Ouyang Yanran smiled. "Since I’m so confident in it, I might as well go big."
"If it fails and I lose everything, I’ll accept that."
"But I firmly believe that with your unparalleled talent, Feifan, failure isn’t an option."
Yan Feifan spoke honestly, "Yanran, you’re putting a ton of pressure on me..."
Just then, he saw Yu Youlian approaching.
Ouyang Yanran saw her coming as well and tactfully excused herself to go speak with Wang Chuan.
"Mr. Yan, I’m truly surprised. You’ve managed to think outside the box and design such a practical and ingenious little device."
Yu Youlian praised him, then stated seriously, "Mr. Yan, I have a proposal. How about we at Baining provide the entire three hundred million for this financing round?"
Yan Feifan was taken aback for a moment and couldn’t help but ask, "For real? Ms. Yu, you’re not kidding, are you?"
Yu Youlian nodded. "I’m perfectly serious."
"If you agree, I can sign the investment agreement right now on behalf of the Baining Group."
Yan Feifan suppressed his excitement. "Ms. Yu, thank you for your trust, but we’ve already come to terms with several other investors..."
Yu Youlian cut him off. "How much of the funding round is left? I’ll cover all of it."
It was all happening so fast that Yan Feifan could hardly believe it.
He called over Song Yi, the Yu siblings, and his own sister to discuss the matter...
Ma Hongchen and Pan Lirong, who were still in the conference room, caught wind of what was happening and hurried over. One declared he wanted to invest twenty million, and the other, sixty million.
After a brief discussion among the Yan siblings, the Yu siblings, and the Song siblings, they confirmed the final commitments with each investor who had expressed a clear intent, finalizing the list for the funding round.
Wang Chuan and Yanyan, a total of thirty million.
Song Yan, twenty million.
Yu Youhai, ten million.
Yu Youlian, ten million.
Ouyang Yanran, fifty million.
Ma Hongchen, twenty million.
Pan Lirong, sixty million.
Baining Group, one hundred million.
Looking at the handwritten list of confirmed investors and their amounts, Yan Feifan, Yan Ziruo, Song Yi, Yu Suye, and Yu Chuanbai stared at one another, a shared sense of unreality washing over them.
In their original plan, they had expected to go through round after round of grueling negotiations, enduring at least three to five agonizing months before finally closing the funding round.
None of them had imagined it would be completed so effortlessly.
Yan Ziruo muttered, "For these rich people, is investing tens of millions like us going to the market to buy a head of cabbage?"
Yu Chuanbai said excitedly, "No one’s money just grows on trees."
"The fact that they’re investing so proactively proves only one thing: they have confidence in us, and they have confidence in the product."
"Success is just around the corner..."
