Love Affairs in Melbourne-Chapter 281 - 276 Not Well-Known
Chapter 281: Chapter 276 Not Well-Known
The Yan siblings weren’t short on cash at the moment, so Yan Ling had no intention of seeking investors for the time being.
However, Yan Ling knew too many people in New York, and there were many who could find him through various "connections."
These people’s requests were quite simple: they just wanted to meet with Yan Ling to discuss the financing situation of Y·Y, and if necessary, they could provide a complete financing plan to Y·Y.
Investors from all walks of life wanted to have a chat with the founder of Y·Y.
With so many people interested, it kept Yan Ling busy.
After arriving in New York, there was absolutely no time to spare, not even to arrange a "meeting" with Qi Yi.
In fact, founders of other companies at a stage like Y·Y didn’t need to spend so much time dealing with "future" investors.
Either an assistant or lower-level department managers could block a large number of people.
But in the United States, Yan Ling didn’t have anyone who could help him fend off others.
Even on Wall Street, encountering a startup with clear prospects and potential to create a legend was no easy feat.
Moreover, with the presence of Master Y, the clothing brand Y·Y also carried the element of a "high-tech" enterprise.
Besides investment banks on Wall Street, those Silicon Valley institutions focused on investing in high-tech companies also had their eyes on Y·Y.
Some well-informed Silicon Valley investors had already started hearing about Yan Ling, who had been frequently visiting various laboratories at Stanford.
Some speculated that Y·Y’s next move must be closely connected to Stanford.
These institutions focused on investing in Silicon Valley high-tech companies began reaching out to the Robot Brothers for some internal news.
But seeking information from the Li brothers was utterly futile unless it concerned Master Y.
These people hadn’t even discovered the patents Yan Yan had sold, and even if they had, asking the brothers why Y·Y paid a hefty price for new material patents, they genuinely believed it was to improve Master Y’s touch.
After acquiring the patents, there were no further actions from Y·Y.
Therefore, many were unsure whether the news was true or false.
Investigating a privately-owned company like Y·Y thoroughly was extremely challenging.
Especially since the Yan siblings had always been "covert" in their actions, moving independently from each other.
Yan Ling hadn’t ruled out the idea of raising funds since the company’s cash was nearly burned through.
To Yan Ling’s surprise, the moment he released the vibe of seeking investment, his stingy cousin who was known for being penny-pinching suddenly became so generous.
Those who had been in the Haute Couture circles for a long time, when they made a move, it was usually lavish.
When not lacking money, seeking funding and giving up shares wasn’t a wise decision.
Both Yan Ling and Yan Yan were "honest and upright" entrepreneurs, without the thought of taking the investors’ money and pulling out.
If Y·Y had sufficient self-sustaining capabilities, there was no need for the Yan siblings, who were equally optimistic about the future of Y·Y, to take others’ money to grow and expand; after all, the profits would have to be shared in the end.
Yan Yan and Yan Ling had not yet sat down to carefully discuss the pace of Y·Y’s future development—whether to expand rapidly or slow down.
Taking money from investment institutions for rapid expansion would naturally be a bit easier than using their own money.
However, opening too many stores would create a significant talent gap, especially for stores like Y·Y that had high sales demands.
If a store was only open for half a month, one store manager could handle two stores.
So over the past half-year, with half of the stores regularly open for half a month each, in addition to subjective "whims," there were many objective factors as constraints.
The market capacity for trendy brands was actually quite limited, and Y·Y’s current number of stores would already be considered excessive if not for its massive fan base.
That’s why Y·Y stopped after opening 30 stores in the United States.
Last year, Yan Yan had already called Ye Mo to the United States to manage the stores.
After joining the Yan siblings’ dream, Ye Mo hadn’t stopped leading the sales team for a moment.
Thirty stores, Ye Mo felt, was the limit.
If they continued to open more, it would not only affect the sales performance of individual stores but also make it difficult to find enough "store managers."
This month, all the stores switched to operating at the same time, meaning that the assistant managers of each store had to step up to become store managers.
The Yan siblings only gave Ye Mo two months to "train his troops."
Many people wanted to meet with Yan Ling, but his time was limited. Even those who reached out through "connections" eager to invest in Y·Y were directly turned away by Yan Ling, as Y·Y had no current plans for fundraising.
About whether to raise funds or how to expand in the future,
the siblings hadn’t reached an agreement and decided to wait for the shoes to hit the market and see the results before making a decision.
Investment institutions from all quarters received a "cold shoulder" from Yan Ling.
Y·Y’s manner of opening stores was whimsical, and Master Y’s attitude in dealing with "people" was also capricious.
Anyone wanting to invest in Y·Y, with just a bit of research, would feel that the store openings and Master Y’s "behavior patterns" were likely influenced by the founder’s.
It was quite understandable that nobody from Y·Y had "favored" the investors; after all, this was a company with a high degree of caprice.
Many Wall Street investment institutions began to believe that Y·Y genuinely had no current fundraising plans and stopped implementing a "siege and blockade" strategy on Yan Ling.
Yan Ling finally got a little breather and had some time for himself.
Having finally gotten a bit of "free" time, Yan Ling met with Qi Yi two days ago to fulfill the "mission" given to him by Mr. and Mrs. Yan Dabang.
The day before yesterday, Yan Ling was "free" only over lunchtime, and even then, it was somewhat uncertain when exactly.
Qi Yi had an important meeting in the afternoon, so they arranged to have Yan Ling meal on Wall Street.
When his cousin asked to talk, Qi Yi didn’t dare to take it lightly.
Qi Yi left work early the day before yesterday, arriving at the restaurant he had reserved and waiting for the somewhat uncertain Yan Ling.
Perhaps because Yan Ling had never been a "star," he didn’t realize how powerful a "star’s" influence could be.
Yan Ling, the capricious and aloof entrepreneur, arrived on Wall Street two days ago and had lunch with an "unknown" Investment Manager under Ian’s private equity fund, and it surprisingly became news.
The report emphasized that the Investment Manager seen by Yan Ling was "unknown," and also mentioned that the two got along well, with lunch lasting two hours.