Wind Rises 2005

Chapter 408 Getting rich has to be an angel

"Helen, why did you say that? Is there any mystery?" Deng Feng, managing director of Northern Light Venture Capital, asked anxiously.

Because he had already booked [Dajiang]'s investment share, he was naturally the most concerned.

Huang Peihua smiled and replied unhurriedly: "Let Marlon explain to everyone, haha"

Ever since, everyone turned their attention to Ma Liang again.

Ma Liang spread his hands, and directly pushed it to Wang Tao to take charge: "Don't look at me, let Mr. Wang solve the mystery for everyone!"

While speaking, he winked at Wang Tao.

"Okay, all investors, please follow me." Wang Tao stood up and led everyone out of the conference room.

But he didn't go far, but came to the innermost office.

When the group first came to visit, they just walked around briefly, and did not introduce the specific functions and settings of each office.

And the innermost office seemed to be covered with a veil of mystery at the moment.

Because this is no other place, it is the secret research and development base of [Da Jiang].

Lu Zhihui is leading a small team, and is rushing to develop a product that will determine the future fate of [Dajiang] - multi-rotor drone.

"Mr. Wang, this is..." Lu Zhihui was startled when he saw so many people approaching.

After all, the multi-rotor UAV is one of the core secrets of [Dajiang] company, not to mention outsiders, even many technicians of the company are not allowed to enter this office.

He hadn't mentioned this itinerary before, so he was surprised to see Wang Tao bring a group of investors to the secret laboratory.

Wang Tao waved his hand and introduced indifferently: "Zhihui, it's okay, just introduce the development progress of the multi-rotor UAV to all investors."

After all, as long as the key technical documents are not leaked, generally speaking, it is fine.

"Okay then!" Lu Zhihui put down his guard and began to explain: "Everyone, this laboratory is developing the next-generation core product of [Dajiang], the multi-rotor drone.

Compared with ordinary helicopters, multi-rotor UAVs are not only more flexible in flight, but also more capable of adapting to extreme weather.

The most important thing is that the stability is super high, especially the ability to lift up and down during flight, or the ability to hover in the air, which is more than one level higher than ordinary helicopters.

For aerial photography, this is simply a function against the sky.

Because if these functions can be realized, for aerial photography, the realm will not be improved by a single star.

At present, we have developed a control system dedicated to multi-rotor UAVs based on the flight control XP2.0 system of [Dajiang].

The current research and development progress has exceeded 50%, and the drone can hover and pull up and down.

The temporary technical difficulty lies in how to make the multi-rotor UAV stop suddenly. If this can be achieved, the multi-rotor UAV will completely kill all unmanned helicopters in seconds.

The most important thing is that once the technical problems are solved, the multi-rotor UAV products of [Dajiang] will face the largest civilian market.

In that case, the future market size will not be an order of magnitude at all. "

Speaking of this, both Wang Tao and Lu Zhihui showed excited expressions on their faces.

Because all of this was carried out according to Ma Liang's plan, they were also moved by the bright future described by this angel investor.

Once he saw clearly the development potential of multi-rotor drones, even Wang Tao, who was the most stubborn at the beginning, quickly changed his mind.

He intensified product research and development efforts and personally led the team to overcome technical problems.

If the financing is successful this time, [Dajiang] will have the strength to recruit more R&D talents, and I believe that the day when the multi-rotor UAV products will come out will be closer.

Then Lu Zhihui briefly demonstrated the test flight process of the multi-rotor UAV product in the laboratory.

Although it is still immature, many functions cannot be realized at present, but the future prospects of the product can already be seen.

Now, the investors present put away their contempt.

Especially those big bosses who regretted their trip in vain before, they even cursed at themselves inwardly, wishing they were almost mistaken again.

You must know that the market size of civilian-grade products is many times larger than that of industrial-grade products.

Moreover, for products like the multi-rotor UAV of [Dajiang], no competitors have been found in the market for the time being. This is a proper and unique business.

Once introduced to the market, the market share can almost reach more than 80.00%.

What kind of concept is this? It is enough to support a company with a valuation of tens of billions.And at this level, it is qualified to be called a unicorn enterprise.

If such a company has no investment value, then what kind of company is valuable!

All the investors began to think in their minds, participation is definitely necessary, the key is how much bet should be placed?

Ma Liang saw that the atmosphere was getting better, so he said with a smile: "Everyone, let's go back to the conference room and continue talking!"

Everyone couldn't wait for a long time, and followed him back to the big conference room just now.

More than a dozen investors once again set their sights on Ma Liang, waiting for him, the bureaucrat, to preside over the next process.

But they misunderstood again, Ma Liang did not speak, but winked at Xu Xin, the venture capital queen.

After all, the game he was working on had already been completed before that. Xu Xin from Today Capital, Zhang Suyang from IDG, Huang Yuhua from Jiyuan Capital, and Chai Daguan from Tianhao Capital had already boarded the car.

[Dajiang UAV] The next round of financing has been finalized before today, the A round of financing is 1000 million US dollars, and the valuation is 5000 million US dollars.

The investors were co-invested by Xu Xin and other four companies, and Ma Liang followed suit.

The distribution of investment shares is very fair. Each of them invested 200 million US dollars, and [Gale Capital] also contributed 200 million US dollars, each accounting for 4%.

When Ma Liang invested 300 million in the Pre-A round last time, the valuation of [Da Jiang] was 1000 million RMB, and this time the currency unit was directly replaced by US dollars.

Because [Dajiang] company also completed the VIE structure with the assistance of Ma Liang.

Since then, the financing in the future will not go to domestic accounts, and most of them will be settled in US dollars.

So after Xu Xin and Chai Daguan invested in this round, the valuation of [Dajiang] company has increased by 34 times.

In other words, including the 20 in the angel round, Ma Liang's 320 million shares are now worth more than [-] million.

This is venture capital. This is the primary market that is sought after by countless people, and the risk and return are directly proportional. Making money is so ruthless.

However, it is a layman to talk about investment regardless of the principal, and the primary market cannot create wealth out of thin air.

Under the premise of limited capital, no matter how high the multiple is, the actual return has a ceiling, and it is impossible to spend unlimited money.

But even so, venture capital has attracted countless capital players to be obsessed with it.

Xu Xin, the queen of venture capital, is very excited to introduce the next round of capital bureaus to investors.

"Dear investors, I believe that some old friends have already known in advance that the A-round financing of [Dajiang UAV] has already been completed.

The total amount of A-round financing is 1000 million US dollars, and the valuation is 5000 million US dollars.

Capital Today, IDG, GGV and Tianhao Capital jointly invested respectively, and [Gale Capital] continued to follow up.

Calling everyone here today is actually to talk about the Pre-B round and B round financing of [Dajiang] company.

Let me talk about the Pre-B round first, with a financing amount of 5000 million US dollars and a valuation of 5 million US dollars. "

When Xu Xin said this, the audience was shocked again.

Only the old god Ma Liang was sitting there, thinking about how many times his investment would be multiplied.

After the A round of financing is completed, his original 33.5% stake will definitely be diluted.

Even with the $200 million invested in the A round, his shareholding ratio will drop to about 30.664%.

Once the Pre-B round of financing is completed, if the valuation is 5 million U.S. dollars, the $200 million A round of financing will increase by 9 times, while the Pre-A round of 300 million yuan will increase by 248.4 times.

The 20 RMB invested by the angel round is even more exaggerated, directly reaching 434.7 times.

Equivalent to the original investment of 20 yuan, after the Pre-B round of financing is completed, the value will reach 8694 million RMB.

Adding up the three rounds and deducting the investment cost, his total investment income will reach more than 9 billion.

Although this is just a valuation, and it cannot be fully cashed out for the time being, but after this calculation, everyone will be very excited.

If you don't want to get rich, you have to do angel investment.

　I am working hard to adjust the work and rest, and I am improving a little bit. Try to delay the update as little as possible. Brothers, please support!
　　
　
(End of this chapter)