Chapter 314
By now, Aubree could tell that the Manchotech executives were almost convinced by her sales pitch.
She was confident that once they had reviewed this final report, they would be won over, unless they were buffoons.
The Manchotech executives pored over the new report in their hands solemnly. If all the ambitious plans outlined within truly came to fruition, this would undoubtedly be an immensely profitable partnership for them.
The leading executive, Dmytro Svystun, was the head of Manchotech’s investment division. The fact that Manchotech sent this fellow was an indication of how seriously they regarded this potential partnership with GrabCheap. In fact, their management had already agreed internally to proceed with the collaboration prior to this. The only question was the investment amount, which hinged on Aubree’s overall presentation.
At this point, it was clear that they could confidently proceed to offer Aubree their full support.
Aubree waited quictly for their response. According to her sources, Manchotech had set a limit of a billion dollars for her project. However, how much they would offer her eventually hinged entirely on this meeting.
She estimated that if she could secure at least 500 million for this round, the next phase of GrabCheap’s development could kick into high gear. Her team could then launch a full–scale marketing blitz across all channels. This will catapult GrabCheap to unprecedented success!
Ms. Miller, by approaching Manchotech for a collaboration, you must be aware that we prioritize long–term, mutually beneficial cooperation. The initial investment does not mean future funding is assured,” Dmytro explained.
He had finished reading the report. To be honest, from his perspective, he initially thought GrabCheap had some potential but not enough to eclipse the established e–commerce giants. After all, there had been other opportunistic ventures like this in the past. Not long ago, there was one that focused on women users but which had since sunk into oblivion.
Besides, it was only because Aubree had the backing of the Turner Group that they were willing to consider working with her.
The one billion budget they had earmarked was just for show initially. Based on Dmytro’s initial analysis, he would have invested no more than two
hundred million.
But after seeing these numbers, Dmytro completely changed his mind. He thought, “Anyone who doesn’t invest in this project is an absolute fool!”
“This is a remarkable project. I find it hard to believe it originated from an 18–year–old,” Dmytro said sincerely.
“You young people already have such vision at your age. You will accomplish great things! And in the future, when people talk about this, they’ll say 1, Dmytro Svystun, have a pretty sharp eye for investments myself!”
He then laughed heartily. As an investor, he always found backing promising talent far more fulfilling than simply pouring money into projects.
How did Bowen Turner achieve so much at such a young age? It was the same reason. He invested in projects which he regarded as having good prospects, no matter what others think, and nearly every one of them had succeeded. Many of the talents he invested in came from humble beginnings.
Finally, Dmytro announced, “One billion. That’s the first round of investment.
“The terms of the contract need to be revised. If your project continues to deliver results as outstanding as those outlined in your proposal, Manchotech will inject 2 billion in the second round!”
Dmytro was only authorized to approve investments amounting to one billion. The subsequent two billion would require approval from the upper management. Nevertheless, he was confident that once he brought this report back, his superiors would agree with his decision.
Aubree beamed knowingly. She could tell that Manchotech’s offer for the second round was a hint to her to give Manchotech first dibs on all her future projects.
However, this was not necessarily a bad thing for her.
“Mr. Svystun, while I appreciate your faith in us, I’m afraid I can only offer you a 10% equity stake,” Aubree clarified.
The expressions on the Manchotech executives froze.
