NOVEL WEB Chapter 24
Chapter 24: Mysterious Investor
Translator: Exodus Tales Editor: Exodus Tales
As Qin Chuan didn’t need to go tutor Jian Yiling today, he returned to Hengyuan University which was where he studied.
He was currently in his second year of university and thus, his workload wasn’t that intense yet. And with his current grades, even if he didn’t attend his classes, he still could successfully pass the exams. He didn’t have to worry about his grades at all.
As soon as Qin Chuan returned to his dorm, his roommate and good friend Bai Youqian threw himself at him in happiness.
Qin Chuan took a small step back before saying, “If you have something to say, say it properly. I’m straight.”
“Brother Chuan, there’s good news! Super good news in fact! We got funds for our project!”
Bai Youqian excitedly told Qin Chuan the amazing news that he had just received.
“There was someone who is willing to give us funds?” Qin Chuan’s face that usually appeared to look cold had a rare glimmer of excitement and emotion.
Qin Chuan had worked with his roommates to create a new software app for socializing. The software was currently in its prototype stage and they were trying to find angel investors.
The early stages of creating this application were incredibly costly. If they didn’t get timely investments, they wouldn’t even be able to pay the fees for using the server.
Qin Chuan and his roommates only had technological skills. They did not have money.
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His roommates were children from ordinary families. Qin Chuan himself, could not even be considered to be from an ordinary family.
“Yes! And it’s two million! Our problem will be solved soon!” Bai Youqian jumped up and down with excitement. It was as though he was a three-year-old child.
“Where is the investor from?” Qin Chuan asked quickly.
Although Hengyuan Univesity was one of the best universities in Hengyuan City, it was not ranked highly in the country.
It was incredibly difficult for an undergraduate from an ordinary university to receive funds for a startup company.
“I don’t know their real name. However, we will find out when we sign the contract.”
“You don’t know their real name?” This made Qin Chuan somewhat skeptical of the matter. Before he saw the money, anything could be possible.
“The other party always used an abbreviation of their name. The abbreviation is F.S.”
1
F.S?
“Was their surname Fu?”
“How much equity does the other party want?” Qin Chuan asked again.
Angel investors typically would take around 5-30% of the equity from the entrepreneurs. The amount would typically depend on the negotiations between the two parties.
And now that they were in a passive position and the other party was willing to fork out two million dollars, it was difficult to make sure that the other party wouldn’t ask for a ridiculous amount of equity.
“20%” Bai Youqian replied.
That request was quite reasonable. After all, two million dollars was a lot for Qin Chuan and Bai Youqian at the moment. And furthermore, it could solve their urgent situation.
“Youqian, could you give me the other parties’ contact details? I will talk to them personally.” Qin Chuan was serious about this matter. He didn’t want to miss this opportunity.
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“Sure thing!” Bai Youqian gave Qin Chuan the contact information. At the same time he also reminded his friend, “Brother Chuan, you should also pay attention to your health. You have so many things going on in your life right now. You have to take care of your mother, tutor that girl from that rich family and you’re also busy with our startup company. Please don’t tire yourself out.”
Although Qin Chuan skipped almost all his university classes, he could still only sleep around four hours a day.
“I’m fine.”
“How is the girl from that rich family anyways? Is she hard to deal with?”
“Much better than expected.” Speaking of Jian Yiling, Qin Chuan felt as though she was much easier to deal with than he had initially thought. She wasn’t wilful nor stubborn. It wasn’t even difficult for him to explain the required content to her.
In fact, when he tutored her, he even had time to do his own things.
Qin Chuan quickly sent a message to the email of this investor with the initials F.S.
At the same time, a message popped up on the screen of Jian Yiling’s phone that was currently on silent. The message read, [Hello, My name is Qin Chuan. I’m the main person in charge of Project Changhang.]