sbdcsierra Chapter 234 It’S Okay To Be Unhappy, But You Still Have To Pay For It
Chapter 234 It’S Okay To Be Unhappy, But You Still Have To Pay For It
pretty!
Hearing the words of the person in charge Zhongxin, Lu Yi couldn't help but admire in his heart.
As expected of one of our own!
At the critical moment, I still look to my family.
Originally, he was planning to organize his words and say a few words.
But now that Zhong Xin opened his mouth, there was no need for him to speak.
At this time, as long as one person takes the lead, the others will have to hold their noses to recognize them.
Because although the valuation of 15 billion meters of gold proposed by Lu Yi is somewhat exaggerated, it is only for the current time.
Maybe by October, the valuation of Future Technology will reach 20 billion meters.
The reason why capital institutions such as Goldman Sachs and Morgan are clamoring here is just to get the most chips at the lowest price.
Why spend 150 million yuan when you can get the same equity with 100 million yuan?
Now that Zhongxin has directly recognized the 15 billion gold valuation proposed by Lu Yi, their escape route has been cut off.
In particular, Zhongxin said that if Goldman Sachs and Morgan could not accept it, Zhongxin could lead the investment alone.
What a joke!
Doesn’t this mean giving up all the fat you’ve got?
They all wanted to put Zhong Xin forward as the lead investor.
If Goldman Sachs and Morgan agree, then Zhongxin will definitely laugh out of his dreams.
no way.
Zhongxin entered the market too late.
At this time, I wish that investment institutions such as Goldman Sachs and Morgan would not compete with me.
In this way, Zhongxin can get more equity in future technology. Although the cost is a bit higher, the return rate cannot be high.
Goldman Sachs: "What?"
Goldman Sachs: "are-you-kidding-me?"
Soft Win: "????"
IDG: "I bought it!"
Obviously.
Zhongxin’s statement exceeded Goldman Sachs’ expectations.
All of them glared at the person in charge, Zhong Xin.
"Mr. Zhang, what do you mean?" Sun Zhengyi from Softwin showed an extremely dissatisfied look on the spot and asked angrily.
Zhang Ke, the head of Zhongxin, said with a serious face: "Nothing interesting? After evaluation by our company's analysts, we concluded that the pre-financing valuation of Future Technology is between 13 billion and 14 billion meters, and the post-financing valuation reaches We, Zhongxin, recognize the 15 billion yuan. If Mr. Sun does not agree, it doesn’t matter. You can give up this round of financing. We, Zhongxin, are happy to take our share of the soft win.
These words made Sun Zhengyi's face look as ugly as eating shit.
Damn it!
You can say such things against your will!
But what can he do?
Do you really want to give up this round of financing and let Zhongxin take advantage of this?
"Ahem, we at Huajin Securities also recognize the valuation of 15 billion meters of gold after financing." The person in charge of Huajin Securities coughed lightly and said with a smile.
At this time, it is natural to stand on a united front.
"Mr. Zhang, didn't we already discuss it yesterday?"
The heads of Goldman Sachs and Morgan were also furious.
The post-financing valuation of 15 billion meters is not unacceptable.
But the key is, in this case, they have to spend at least 100 million more gold!
What's the difference between this and cutting off their flesh?
Zhang Ke asked with a look of astonishment: "Where do you start talking about this? We have discussed it, but we are leading the investment together."
The heads of Goldman Sachs and Morgan looked at Zhang Ke speechless for a long time.
Lu Yi watched the show with a smile on his face.
Although institutions such as Goldman Sachs, Morgan, and SoftWin are very unhappy, there is nothing they can do about it.
In the past, when faced with other companies begging them to invest money, they could act like fathers and grandfathers, and train the founders as if they were grandchildren.
But in front of Lu Yi, these investment institutions that take money are sons and grandsons, so they can't be tough at all.
Who makes Future Technology the Internet company with the greatest development potential in the world today?
They are unwilling to invest, but some institutions are willing to take their place.
Now it is not Future Technology that is begging them for money, but they are trying every means to give Lu Yihan money.
Again.
Not long ago, domestic netizens wanted to donate money to Lu Yi, but it caused an uproar around the world.
If they really turn around and leave, the Dragon Kingdom officials will definitely send them off warmly.
Because 90% of Future Technology's shareholders are foreign capital institutions, if Future Technology makes money in the future, most of the profits will go to the pockets of these capital institutions.
This is not millions or tens of millions, but billions or billions.
Longguo officials are eager for all their foreign capital to withdraw their investment and let domestic official capital take over.
finally.
The main theme of the D round of financing was thus finalized.
Future Technology sold 8.3% of its equity and raised RMB 1.25 billion. After financing, Future Technology was valued at RMB 15 billion.
After the D round of financing, Future Technology has not only become the most highly valued Internet technology company in China, but also the second most valuable Internet company in the world, second only to the Nasdaq bell on the 19th last month. Gu Ge has a market value of 23 billion meters.
After completing this round of financing, the shareholding ratios of major shareholders have also changed accordingly.
Option pool reservation: 7.999%
B:42.467%
Soft win: 7.12%
idg:6.607%
Shenzhen Venture Capital:3.887%
:7.563%
R:7.298%
Huajin Securities:3.359%
Sequoia Capital: 3.251%
…Please give me flowers…
Berkshire Hathaway: 3.451%
11:1.8%
Qiming Venture Partners: 0.5%
Hillhouse Capital: 0.5%
#f:2.491%
M:0.98%
George Edward:0.825%
A total of 11 institutions participated in the D round of financing this time.
certainly.
Future Technology has far more than 11 shareholders.
‘Others’ represents the small shareholders of previous rounds of financing.
The capital institutions corresponding to these shareholders are far less powerful than major shareholders such as Goldman Sachs and Morgan.
Because it started relatively early, after several rounds of equity dilution, it still holds nearly 2.5% of the equity.
However, these investors who got on board early did not choose to cash out now.
Although the equity in their hands has been diluted a lot, it is also becoming more and more valuable.
......00
What's more.
Future Technology is about to be listed on the market. Even if you only have a few tenths of a percent of the equity in your hand, its value will increase at least five or six times after the listing.
at the same time.
Lu Yi also divested the equity of co-founders Liu Hong and Lan Lan from the option pool as promised.
This was said at the very beginning.
Lan Lan and Liu Hong both have 2% of the equity, Zhang Hai and Han Feng also have 1%, and Du Qing has 0.5%.
Spinning off now means that after the D round of financing, once there is a new equity change in the future, the equity they hold will be more or less diluted.
Of course.
As the equity allocation of several of them was divested from the reservation pool, the equity in the reservation pool remained at 2.499%, which became quite small.
The development of future science and technology cannot be separated from talents. If you want to retain talents, it is necessary to reward corresponding equity.
The 2.499% reserved pool option seems a bit small.
But that's okay.
When shareholders want to cash out in the future, the company can give priority to repurchasing their equity and transfer it to the reserved pool.
As for the money to repurchase the equity, of course it cannot be Lu Yi alone.
The equity in the reserved pool is used to attract and retain talents, and the money naturally needs to be paid by all shareholders.
Not giving?
Easy to handle!
Just pay it directly from shareholder dividends!
Of course.
Major institutions will not raise any objections to this matter, although they are very dissatisfied.
As new capital institutions join, the number of board seats will naturally expand accordingly.
After the D round of financing, Future Technology's board of directors has expanded to 23 people, but according to the initial agreement, Lu Yi holds 12 seats. .