Chapter 8 3500 million shares in Station B! (ask for collection + recommendation)

As a financial manager, Yao Yutong found that Ramp Capital was really spending money like water during this period, and it had already used up a small 200 million in September.

According to the construction progress of the Jijia Apartment Shizidian, the total investment in the Jijia Apartment project in 14 exceeded 700 million.

However, at the end of December, the first batch of tenants will be able to live in the apartment project. The company has been established for so long, and finally it can see the money back.

According to Zheng Wentong's estimation, the annual occupancy rate of Jijia Apartment Shizi Store will not be lower than 75%, and the average rental price of a single apartment is 2000 yuan.

2000乘以460乘以0.75,每个月租金实收69万,一年租金收入就超过800万。

In addition to personnel wages, equipment maintenance cost loss, and factory rent, the annual rental income exceeds 600 million, and the company successfully paid back the capital in the first year, and it is a net income every year thereafter.

Now Yao Yutong feels that Zheng Wentong has a good investment vision, and a stone store in Jijia Apartment can feed back the normal operation of the parent company, Slope Capital.

Ramp Capital bought three more cars, a Mercedes-Benz S400L, a BYD e6 and BYD L3.

Among them, two BYDs are leased to the subsidiary Jijia for free.The BYD L3 is basically driven by Zheng Anguo, the e6 is left to Yang Jianwen, and the second-hand Jinbei is left to Zhou Zhifa.

Cousin Yang Jianbin and his aunt organized a group to apply for the driving school. Zheng Wentong had promised him that after he got his driver's license, he would become Zheng Wentong's full-time driver and work with Zheng Wentong.

Slope Capital finally has a HR manager, a young lady named Chen Lei, who was previously the HR manager at [-]job. Zheng Wentong communicated well with her, so he recruited her.

Jiang Nan hastily left the personnel work in hand to Chen Lei, she was already very busy these days.

Chen Lei's salary is 12500 a month, plus performance bonuses.The investment department finally welcomed the No.1 employee, Xu Ru, a married young woman.

Xu Ru worked in a local venture capital company with a state-owned background in Puhai before, and later gave birth to a daughter and chose to become a full-time wife.

Of course, Xu Ru's husband earns a lot of money and is also an executive of a venture capital fund company, so he doesn't need his wife to go to work at all.

Xu Ru considered that her daughter was already in kindergarten and could be handed over to her grandparents, and the working hours of Slope Capital were relatively loose, so she tried to submit a resume.

The personnel manager Chen Lei couldn't make up her mind, so she handed over the resume to Mr. Zheng to check it out himself.

After Zheng Wentong interviewed Xu Ru alone in the conference room, he found that although she was not at work, she was still very sensitive to market information.

It was only later that I learned that Xu Ru would help her lover to collect and organize some documents at home, so she was not completely out of touch with the workplace.

After thinking about it, Zheng Wentong shook hands to welcome Xu Ru to join. The investment department he was directly responsible for finally welcomed its first employee.

"Xu Ru, in order to facilitate your entry, because of the nature of your lover's work, I need to sign a non-disclosure agreement for you. I hope you can understand."

"Of course, after signing this agreement, we will also compensate you to a certain extent in the salary part."

Chen Lei, the personnel manager, thinks that the manpower composition of Ramp Capital is very interesting. Except for the boss, all the other employees are female employees, and all of them are quite beautiful. They are like Zheng Wentong's harem group.

And there are all young men in Ji's apartment, the subsidiary company. By the way, there is also a big sister who is in charge of cooking. I heard that she is Mr. Zheng's little aunt.

On September 29th, Station B finally arranged a time to welcome Ramp Capital to visit the company. The company founder Xu Yi and CEO Chen Rui are both in the company.

The parent company of Station B is Puhai Huandian Information Technology Co., Ltd., its office address is located at No. 310 Fasai Road, and its legal person is Xu Yi.

There are three people from Ramp Capital, the CEO Zheng Wentong, the financial manager Yao Yutong, and the investment department Xu Ru.

Xu Ru is wearing a black OL skirt, white shirt, and a silk scarf around the neckline today, with big black waves, looking capable and charming.

Yao Yutong didn't give up too much, wearing a light-colored suit, black high-heeled shoes, and flat glasses, giving him the air of a professional elite.

Because the two ladies both wore high heels, Zheng Wentong had to drive the S400L by himself, and he felt more and more necessary to hire a full-time driver for the company.

Yao Yutong had already done a lot of homework in advance, and Zheng Wentong asked her a few questions, and the answers were fluent, and he was quite satisfied with this.

"Mr. Zheng, I think Bilibili has completed the A round of financing last year. The company's current valuation is not low. At this time, the cost of investing in Bilibili is not low."

"I got the news that Bilibili has already started preparing for the B round of financing, and has contacted many venture capitals in the industry."

"Venus Ventures, CMC, and IDG-Accel are all interested in investing. IDG is the lead investor, and CMC and Venus are follow-up investors. However, CMC and Venus have different valuations for Bilibili."

"The current CEO of Station B, Chen Rui, managed Cheetah Mobile and successfully went public this year. He is really rich and free now. The founder Xu Yi is willing to let Chen Rui be the chairman."

"Chen Rui knows both management and investment. He has a good relationship with the venture capital circle and has a personal relationship with Rebus. If he wants to invest next year, Bilibili may not be interested in it."

"Of course, the competition between the two two-dimensional websites was originally very fierce, but the internal conflict between the founders of station A was too serious, which led to the loss of die-hard fans, and the growth of station B."

Yao Yutong has already registered an account on Station B, and she will also follow up on the website. The barrage culture of Station B interests her, and the stickiness of users is indeed much stronger than that of ordinary social networking sites.

When the black Mercedes-Benz S400L came to the parking lot under the office building, the employees of the station B company had already seen the movement.

Li Ni, vice president of the company, looked at the S400L and smiled, "This Mr. Zheng is 90 years old, and he is one year younger than Mr. Xu. Maybe you have a common language."

Chen Ruida Xu Yiyuan, in fact, he does not agree with the Two-dimensional culture, but he is very optimistic about the development prospects of station B.

In 2011, he injected capital into Bilibili as an angel investor, after Cheetah Mobile went public.

After Bilibili completed the A round of financing, the founder Xu Yi and the investor IDG team strongly invited Chen Rui to join Bilibili full-time.

"Maybe Mr. Zheng is also a senior user of our B station, just like Mr. Xu, because he agrees with the Two-dimensional culture, so he intends to invest in our company?" Chen Rui guessed.

The employees of the administrative department of station B were already waiting in the parking lot. The little girl accompanied Zheng Wentong and his party to the fourth floor and began to visit the company.

Xu Yi walked in the front, followed closely by Chen Rui, and then Li Ni. The three welcomed Zheng Wentong and his party.

"Hello, hello." Xu Yi held Zheng Wentong's hand. The two were similar in age and both had technical backgrounds, so there was indeed a sense of intimacy.

Chen Rui was very courteous, followed behind and shook hands with Yao Yutong and Xu Ru one by one.

Li Ni felt that the two female employees of Slope Investment were taking the lead, and her face was a little ugly, but she adjusted quickly.

Zheng Wentong knows that if he wants to invest in Station B successfully today, he must first convince founder Xu Yi and CEO Chen Rui. As for Li Ni's opinion, it doesn't matter.

Zheng Wentong first complimented Xu Yi, "Mr. Xu is really not as famous as meeting him. He is young and promising. He has just graduated from university and has created such a large company, and the development is still so good."

"All employees of our ramp capital, including me, are fans of your Bilibili."

Xu Yi actually doesn't like dealing with investors, but it's really rare to meet an investor who is one year younger than him.

The two chatted about their majors again, and Zheng Wentong made some suggestions from the programmer's point of view.

Xu Yi was very surprised, "It turned out that Mr. Zheng was originally a programmer, and he had done software development in Huafu Group before. You, an IT man, suddenly opened an investment company, which is quite interesting."

"In fact, I also want to start a business, but there is no suitable project yet, so I contacted several local Internet companies in Puhai, hoping to learn from each other and accelerate each other's growth." Zheng Wentong said very politely.

Zheng Wentong's meaning is obvious. I am indeed interested in your company, so the first stop is to inspect you first, but I don't necessarily have to vote for you. It is not advisable to ask for a price.

Li Ni took the conversation at this moment, "Mr. Zheng registered and established Ramp Capital after returning from abroad. The company has been in business for almost two months and has not invested in a single project, right?"

Yao Yutong retorted at this time, "Although Ramp Capital currently has sufficient book funds, Mr. Zheng's investment philosophy is small but precise. Although eggs are placed in different baskets, it is not good to have too many baskets. If you are too greedy, you will not be able to chew. The total number of companies invested is expected to be no more than four."

"Although we haven't invested in other companies, Slope Capital currently has a long-term rental apartment project called Jijia, which will be profitable by the end of this year."

Chen Rui has also learned about long-term rental apartments before, such as Ziroom, Danke, Qingke, etc. Many employees in Station B also rent in long-term rental apartments, but he thinks that this trend has passed, and it is too late to enter the game at this time. It's hard to beat the industry giants.

Li Ni apologized, "I'm sorry, the information here is relatively lagging, and I don't have a deep understanding of your company."

Three people from Zheng Wentong, three people from Station B, and six people entered the meeting room and started a closed-door meeting.

Xu Ru is a guest assistant today, responsible for organizing and recording meetings, and Yao Yutong is next to provide the corresponding data of station B.And Zheng Wentong needs to convince Xu Yi and Chen Rui by himself that station B is not short of money at present, he has to tell these two what he can bring to station B.

He had an idea, and he made a joke first, "As a registered user of Station B, I like the barrage culture of Station B very much. There is a trivial reason why I want to invest in Station B. I want to send out a Barrage, 'I am a shareholder of Station B', and then this barrage was officially certified."

Chen Rui didn't quite agree with Zheng Wentong's nonsensical idea, but Xu Yi had often poured water on station A before, and even pretended to be a big guy in women's clothing to attract users to join the group.Zheng Wentong's speech won his approval and dispelled part of his guard.

"Attracting Bilibili users means that the website can continuously provide original and high-quality content, which is also the core of Bilibili's competitiveness."

"Your company needs to spend a lot of money to attract new fans, which is also a huge expense for your annual growth. It is foreseeable that in the next few years, you may all be operating at a loss."

"Of course, we have also noticed that the data of DAU (Daily Active Users) and MAU (Monthly Active Users) of Station B is growing rapidly. For Internet companies, losses are not necessarily a bad thing, which shows that the company is growing rapidly. Expansion dramatically."

"Before completely defeating the competing company Station A, it is undoubtedly quenching thirst through drinking poison to increase revenue through fans of Station B and opening membership value-added services."

"Then the source of future income is to introduce more games, and to start a live broadcast track. In the second half of the year, Ramp Capital will focus on investing in two-dimensional mobile game companies. I am also willing to act as a medium to promote the establishment of game companies and Bilibili. Cooperation."

Xu Yi was really moved now. He found that Zheng Wentong had a good understanding of Bilibili, and he had a forward-looking view of the industry, which could help Bilibili achieve better development. This is what he values ​​more.

Chen Rui was a little moved, but revealed a little bit, "We have already contacted several investment companies and are preparing to complete the B round of financing."

"I know this, but Mr. Chen, the reason why I am willing to invest in your company is also because you are going to be the chairman and CEO of Station B and be fully responsible for the operation of Station B."

"Your working experience in Kingsoft and Cheetah Mobile will help Bilibili better control costs and make reasonable use of each round of financing."

"As far as I know, apart from IDG, several other investment companies have some differences in the valuation of your company. Chinese Culture wants to complete the financing as soon as possible."

"And even if Station B plans to go public on Nasdaq in the future, with IDG as the main investor, just contact the underwriter. There is no need for another foreign fund with a complicated background."

"Just yesterday, something regrettable happened in Xiangjiang, and the senior management was very dissatisfied with it."

"These ignorant and stupid young people surrounded Central are bound to be behind the scenes of some foreign funds and NGO organizations. When you introduce new investors, you must also consider the issue of financial background."

Chen Rui was taken aback, but now he was really shaken.After all, Slope Capital was founded by Zheng Wentong, and he guaranteed that his source of funds was legitimate and could stand the test.

So for Station B, Ramp Capital will inevitably be their candidate for the B-round financing institution.

Now that we have reached an agreement, we need to discuss the financing ratio and valuation price.Chen Rui himself is an angel investor of Bilibili, and IDG participated in the A round of financing of Bilibili last year.

They definitely hope to give Bilibili a higher valuation, but Zheng Wentong only wants to make financial investment, and does not seek to become the major shareholder of Bilibili. The shareholding ratio of Ramp Capital is only about 5%.

This also requires further negotiations and negotiations between the teams of the two companies. The management teams of Chen Rui and Xu Yi also need to communicate and negotiate with investors who have participated in the angel round and the A round.

IDG agreed to transfer part of the shares, and CMC chose to join in the investment, while Jinxing Venture Capital, which has a complicated background, did not follow in the investment.

On October 2014, 10, IDG-Accel, CMC and Incline Capital participated in Bilibili’s Series B financing, with a total financing amount of US$14 million.

Among them, Ramp Capital invested US$540 million in this round, accounting for 6.75% of the shares. Bilibili’s B-round financing was valued at US$8000 million.

Of course, since Bilibili has adopted the AB share setting, the founder Xu Yi still firmly occupies the absolute control of Bilibili.

 One more chapter tonight

  
 
(End of this chapter)

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