Chapter 320:

Chapter 320

Yoo-hyun was sincere.

He had given a great help without asking for anything in return.

If it wasn’t for Yoo-hyun, the preparation time for the startup would have taken much longer.

“…”

Hyunjin looked at him silently, and Yoo-hyun smiled sheepishly.

“Why are you staring at me like that?”

“No, I’m just curious why you’re doing this much.”

“Again with that? I’m helping you because we’re friends.”

Yoo-hyun answered with a chuckle.

It wasn’t just a casual remark.

For Yoo-hyun, Hyunjin was a very precious friend.

And Yoo-hyun knew very well that there was an obstacle in front of his precious friend.

The interview that JK Communications employee had done was the clue.

-Our president had a hard time when he first started his business, because he was scammed by an investor. But he doesn’t show it at all. Only a few people know this story.

Would he leave it as it is?

That didn’t make sense.

He wanted to at least clear the visible obstacles for his friend.

That was all.

He had no intention of telling his friend what to do, who could do well on his own.

Even if he chose a different path, he was going to watch him.

He was content with just seeing him spread his wings by his side.

That was Yoo-hyun’s attitude towards his precious friend.

It was when Yoo-hyun was talking to Hyunjin after checking the documents.

Creak.

The door of the conference room opened and two men appeared.

They were the investors who were going to meet with Hyunjin today.

Hyunjin got up from his seat and bowed.

“Hello, I’m Hyunjin.”

“Heh, you’re young. Well, that’s not bad.”

The old man sat down with a casual attitude, as if he didn’t care about Hyunjin’s greeting.

He had combed-over hair, thin eyebrows, and glasses over his blurry eyes. He was impressive.

His name was Go Youngseok, and he ran a venture capital company called YS Venture Investment.

The young man next to him tapped Hyunjin’s shoulder.

“Hyunjin, did you prepare well?”

“Yes, senior. I did my best.”

The man had a fairly gentle smile. He was Shin Jaechul, Hyunjin’s senior from college and a fellow venture capital employee.

Yoo-hyun had already researched them beforehand.

Shin Jaechul sat down and pointed at Yoo-hyun, asking Hyunjin.

“Who is this?”

Before Hyunjin could answer, Yoo-hyun introduced himself first.

“Hello, I’m Han Yoo-hyun, who is going to work with Hyunjin.”

“Oh? Hyunjin, did you have a co-founder?”

“He’s not a co-founder, but an employee who will handle the accounting part. We agreed to share only a part of the equity.”

Hyunjin answered as they had planned beforehand, and Shin Jaechul nodded his head after looking at Yoo-hyun briefly.

His expression wasn’t very pleasant.

“I see. Let’s also review that part together.”

Shin Jaechul led the meeting.

“Mr. Go, as I told you before…”

Go Youngseok looked over the documents that Hyunjin had made while listening to the explanation.

He maintained a nonchalant expression, as if it was nothing special.

But he couldn’t hide the occasional flashes in his eyes.

Yoo-hyun watched his expression quietly when he did that.

Go Youngseok put down the documents and smirked.

“Heh. Hyunjin, why don’t you just stay at Ilseong Electronics?”

“What part is lacking? Can I hear it?”

Hyunjin asked politely for the reason, and Go Youngseok shrugged his shoulders and answered.

“Well, it’s just too plain. Honestly, if it had any value, Ilseong Electronics should have applied this idea, but they didn’t.”

“This is an idea that I came up with before joining Ilseong Electronics. The patent has nothing to do with Ilseong Electronics either.”

“Didn’t you try to make a deal with Ilseong Electronics with this? Didn’t you?”

“How did you know that…”

Hyunjin turned his head and Shin Jaechul said nonchalantly.

“Hyunjin, you need to open up everything from the beginning. It’s a fact that Ilseong Electronics didn’t buy your patent.”

“No. I refused because they asked too much. The direction of the project also didn’t match my intention.”

“Yeah. Same thing. Let’s put that aside for now and listen to the rest of the story.”

The reason why Shin Jaechul brought up something that didn’t need to be mentioned was obvious.

It was to gain an advantage in this negotiation.

It was exactly the case where a friend was worse than a stranger.

As if to prove it, Go Youngseok expressed more negative opinions.

“Well, the patent content and the related technology don’t seem bad. But as you know, it’s hard to verify patent infringement in the fields of communication technology and semiconductors.”

“This part will be the core element of the next-generation communication. I can catch patent infringement.”

“A small company against a big company? Are you too young? You don’t know how the world works.”

Go Youngseok sneered and lowered his tone.

Hyunjin looked like he was about to burst, but there was no reason to get excited here.

At that moment, Yoo-hyun blocked Hyunjin and said.

“It seems like you’ve made up your mind, so why don’t you tell us the conditions first?”

“Hmm, to be honest, the investment value is too low. It’s doubtful that you can make money with a communication protocol, and you have to make a chip, but it’s a field that’s already dominated by foreign companies.”

As Go Youngseok kept opposing, Yoo-hyun pulled the documents on the desk and said.

“If you’re going to keep opposing, we don’t have any reason to be here.”

Thud.

Then Go Youngseok grabbed the documents and said.

“Heh. Even if my experience tells me that, he’s my junior Shin Jaechul. I can’t just say no.”

“Mr. Go, you don’t have to do that much for me.”

“Hey, that’s a given.”

Yoo-hyun watched the two men play their game and thought to himself.

‘They’re messing around.’

It was obvious that they were trying to rip off their junior.

There was a common term in the industry for this kind of people.

Black angel investors.

They were clearly trying to bully them with a few pennies, and Yoo-hyun’s eyes hardened.

“Are you saying that you will decide on the investment today without even meeting the conditions?”

“Hey, how can you talk like that in front of someone, you young punk?”

As Shin Jae-chul flared up, Go Young-seok spoke with a friendly smile.

“Well, I can understand if you are naive. To be honest, I changed my mind. Are you happy now?”

Yoo-hyun smirked and stretched out his palm to Go Young-seok.

He wanted to hear what he had to say.

“Okay. I understand. Then let’s hear it.”

“You haven’t even registered your business yet, let alone implemented your technology. You have a patent, but it’s worthless. Your initial capital is 50 million won, your founder’s education is not bad, but you only have a master’s degree, and your work experience at Ilseong Electronics is…”

He looked like a cellphone store clerk tapping on a calculator in front of a clueless customer.

How much discount you get for the phone plan, how much more if you apply for a card, etc.

He was eloquent, but he had a hidden agenda.

Yoo-hyun got to the point.

“I see. So how do you value JK Communications, Mr. President?”

Go Young-seok glanced at Yoo-hyun’s expression and confidently said as if he had made a great evaluation.

“Honestly, I gave you 300 million based on an internal assessment, but I was very generous and gave you 500 million because of Director Shin’s face.”

“What?”

As soon as he said that, Yoo-hyun put his hand on Hyun Jin-geon’s wrist.

It meant not to react any more.

Hyun Jin-geon, who had been snickering, nodded at Yoo-hyun.

Yoo-hyun asked with a poker face.

“How much is the investment?”

“200 million.”

He meant to take 40 percent of the shares for a measly 200 million.

It was nonsense, but Yoo-hyun nodded as if he understood.

“I see. I guess there are some conditions since the risk is high.”

Yoo-hyun agreed obediently, and Go Young-seok laughed and said.

“You’re not completely stupid after all. Yeah. In cases like this, investors usually have some conditions.”

“What are they?”

“The joint liability of the founder and the transfer of the patent to our side in case of product failure.”

“I see.”

As expected, garbage-like conditions popped out.

Still, Yoo-hyun nodded obediently.

Go Young-seok smirked and pushed the contract to him.

“Jin-geon, just sign it. Honestly, I’m doing you a favor because I’m your senior.”

“…”

Yoo-hyun took the contract without saying anything to Hyun Jin-geon.

He checked the contents and opened his mouth.

“By the way, are the other companies’ conditions similar?”

“No. They are more generous than others. There aren’t many hardware startups that do this.”

“I see. I appreciate your opinion, YS Venture Investment.”

Honestly, he wanted to tear up the contract and lash out at them, but Yoo-hyun held back for now.

It was a matter involving Hyun Jin-geon’s acquaintance.

The choice was up to Hyun Jin-geon.

Hyun Jin-geon spoke after receiving Yoo-hyun’s gaze.

“Senior, I’m not going to take this investment.”

“What? Jin-geon, this is a rare opportunity. You don’t have any room to borrow money because of your family situation.”

“Do you know my situation is difficult and offer me such conditions?”

Hyun Jin-geon’s sharp reaction for the first time surprised Go Young-seok.

Shin Jae-chul jumped up and scolded him.

“Hey. How can you talk like that? You don’t know how small this industry is?”

Yoo-hyun chuckled and said.

“That’s enough. Are you trying to rip off your junior and threaten him too?”

“This bastard is asking for it.”

He was quite a shameless fellow for someone who graduated from a good school.

Hyun Jin-geon was so disappointed that he turned his head away.

Go Young-seok stopped Shin Jae-chul who was about to attack him.

“Wait, Director Shin.”

“Yes, Mr. President.”

As Shin Jae-chul sat down, Go Young-seok looked at Yoo-hyun and Hyun Jin-geon with arrogance.

“You guys think investment is a joke? I’m an expensive body.”

“I know Mr. Go is famous in the venture capital industry.”

Yoo-hyun snickered and replied, making Go Young-seok grind his teeth.

“Yeah. You said something right. How dare you give me the finger?”

“Why? Do you want me to pay for your car?”

“What? You. What’s with your attitude?”

Go Young-seok’s face turned red and blue.

Before Yoo-hyun could say anything, Hyun Jin-geon moved first.

He picked up a document on the table and pushed it to Go Young-seok.

Swish.

Hyun Jin-geon had a fierce look on his face.

“Let’s see who’s wrong here.”

“What the hell is this…”

Go Young-seok’s eyes narrowed as he picked up the document.

The document recorded the company value of JK Communications evaluated by foreign and domestic investors.

Yoo-hyun had checked with multiple investment companies in advance with Hyun Jin-geon’s consent.

The gap was so big that there was no company that offered less than 500 million.

One foreign investment company even offered to buy the patent alone for 2 billion won.

In other words, Yoo-hyun and Hyun Jin-geon knew that everything they had said so far was a show.

Go Young-seok was flustered.

Shin Jae-chul, who leaned forward to check the contents, snapped at Hyun Jin-geon.

“Jin-geon. Did you do this because you don’t trust me?”

“Senior, these days people compare prices even when they buy snacks at the mart.”

“Ha. That’s why you shouldn’t pick up black-haired beasts. You think I’ll let you go? You’re screwed, you’ll be buried at school.”

Shin Jae-chul shouted, and Go Young-seok intervened more rudely.

“These investment companies here? Ha. They’re all under me. Try to get an investment from them. I’ll show you what happens when you mess with me in this industry.”

They were really shameless bastards.

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