Reaching the age of thirty, my income randomly doubled

Chapter 235: Chapter 183 There is only Dad in the world_2

It was not allowed to use its own games for profit during live broadcasts.

This was tantamount to cutting off its lifeline.

And Penguin always had a dominant presence in the domestic gaming industry, taking up a large part of the market share.

This move to reclaim rights directly endangered the precarious position of Male Cat Live Streaming.

Tong Zelan had invested over a hundred million in Male Cat Live Streaming, thinking it was a promising project, only to have it ruined unexpectedly. Discover more content at mvl

It's no wonder she cursed out Wang Yanfeng, and it's likely that other investors were thinking the same.

"You don't need to comfort me, I had a bet agreement signed before I invested,"

The only consolation for Zelan was that she had signed this bet agreement.

She played it safe; after all, very few second-generation rich have ever succeeded in entrepreneurship.

She knew Wang Yanfeng's character all too well, arrogant and insufferably self-important.

Even though the project was promising, she still chose to sign a bet agreement before investing.

Clearly, this move now seemed exceedingly wise.

Chen Pingsheng and others were of course aware of the bet agreement; many would require entrepreneurs to sign such a deal before investing.

Of course, if it had been him, he would have never signed such an agreement.

The reason was simple.

Investment is a risk; success means everyone earns together, failure leaves nothing for anyone.

One has to bear the consequences whether good or bad.

A bet agreement, however, is different, as it ensures an investor's guaranteed returns regardless of the situation.

Zelan scoffed as she disclosed the terms of the agreement to them, and Chen Pingsheng and He Bijing were quite surprised.

It's unclear whether Wang Yanfeng was overly confident or truly believed he was invincible to have signed such an investment agreement.

If Male Cat Live Streaming failed to go public within three years, then he, Wang Yanfeng, would have to repurchase their entire investment at an annual interest rate of 10%.

What did that mean?

The investors had collectively poured more than two billion into it, and if Male Cat Live Streaming failed, he would have to bear all the losses himself.

That's really like selling off the family's land without a twinge of regret.

If it were anyone else, even if they signed such an agreement, they probably wouldn't have the money to pay back the investors in the end.

But Wang Yanfeng was different; his dad was truly wealthy, a regular on the Forbes list.

In the end, it would just be up to his parents to clean up his mess.

What about the strongest second-generation rich, the Central Commission for Discipline Inspection of the entertainment industry?

These illustrious online titles were all just a joke in their eyes.

It was predictable.

If Wang Yanfeng ruined Male Cat Live Streaming, he could forget about running any projects through the capital network in the future.

His reputation would be in tatters.

Zelan surely wouldn't give him another glance, and the same goes for his classmates here.

Many followed in the investment.

If it succeeded, it would be easy to talk about investing again. If it failed, there was no choice but to go back to Daddy.

...

As the hottest startup project of 2015,

Male Cat Live Streaming had garnered the attention of countless people from its very inception.

Not just online, but offline as well.

Even the smallest live streaming guilds would be somewhat affected by it.

Unfortunately,

this dazzling star project collapsed unrecoverably after offending Penguin.

It's not that Penguin was intentionally targeting it, but in the realm of live streaming, there were three forces.

Penguin had invested in two, leaving only Male Cat untouched.

At this point, Penguin's domineering nature naturally came to the fore, dispatching Male Cat from its place in the live streaming world with just a single move.

How can you compete with Penguin in the internet projects unless you are backed by Alibaba?

Without the support of Alibaba, who could outdo it?

The high-profile online persona Wang Yanfeng has now really met his match.

Though no investors had knocked on his door yet, he was very clear about the terms of the agreement.

Male Cat had garnered fame to a certain extent.

It also made many enemies in its quest to poach major broadcasters, angering the other two live streaming platforms to the core.

Now the situation has turned sour.

Unable to broadcast Penguin games anymore, nearly eighty percent of Male Cat's game streaming rooms were unable to start broadcasting.

Strategist Zhang Geming had already made an early exit, returning to his father's side.

The reason was straightforward.

Even during the initial investment phase, he had always warned against signing such an investment agreement.

Wang Yanfeng wouldn't listen and stubbornly went his own way.

Now, not only would he lose the principal entirely, but he would also take on several billion in debt.

He certainly couldn't repay it himself, and the investors weren't counting on him to do so.

In the end, they would all turn to his father, Old Wang.

After several years of living in the limelight upon returning to the country, he was suddenly knocked back to square one.

Wang Yanfeng sought help everywhere, but found nobody willing to invest in him.

Even with the promise of a bet agreement, no one was willing to put in more money.

If it weren't for his own arrogance, Penguin wouldn't have switched to support his two competitors.

It's a classic case of reaping what you sow.

Now, just waiting for this venture to collapse, those who had invested before can just form a group and go ask his father for money.

If he refuses to pay, then Wang Yanfeng will be subject to restrict on all high consumption.

He won't even be able to fly domestically, and his descendants will all be affected.

As Old Wang's only son, they still weren't worried that his father wouldn't pay off the debt for him.

Being the only child in the family, he has no choice but to pay it off.

...

The matter of Male Cat Live Streaming.

Chen Pingsheng also followed it online for a while.

The often online ranting Wang Yanfeng has now simply gone incognito.

Although his reputation in the capital industry had plummeted,

there were still countless Little Fairies scrambling to become his girlfriend, clamoring for a chance to rise to the top.

Perhaps this is what it means to have money!

What others can't acquire, they're always stirring with desire.

After the three-day CEO class ended, many still came to visit his Tengying.