Wind Rises 2005

Chapter 410 Big Brothers, Don't Do This!

All the investment bigwigs, you look at me, I look at you, they all look at a loss.

Because of the auction financing model just mentioned by the venture capital queen, they have never even heard of it.

Not to mention in China, even in the United States, no startup company has ever done this.

"Mr. Xu, what is the bidding method?" Li Wei of Songhe Capital was confused.

Xu Xin smiled knowingly, and patiently explained: "It's actually similar to an art auction.

Starting from the C round, [Dajiang] will adopt the financing method of bidding, and any institution that intends to invest must pay a deposit to qualify for the bidding.

The financing will be carried out in the form of a combination of Class D + Class B equity, Class D is common stock without income, and Class B is common stock with income.

The upper limit of investment for each institution is US$5 million, and the subscription ratio between Class D and Class B shares is 1.5:1. Only those who have subscribed to Class D shares first can apply for subscription to Class B shares.

In other words, if you don’t seize today’s opportunity, you will have to participate in the financing of [Dajiang] through bidding in the future. "

While explaining, Xu Xin secretly praised Ma Liang's bad idea.

How could the venture capital queen know that this show operation itself was played by Wang Tao himself in his previous life, and he just borrowed it in advance.

"What? Class D non-yielding common stock? What's the difference between this and an interest-free loan?" Jiao Zhen from Dinghui Investment immediately yelled out after hearing this.

No wonder he was so angry, because the non-yielding Class D shares are essentially a type of non-interest-bearing debt.

It is equivalent to lending a sum of money to [Dajiang UAV] before being eligible to participate in the financing after the D round.

Moreover, according to the requirements for the proportion of Class B shares and Class D shares, it is equivalent to first lending 1500 million to [Dajiang] Company before they can invest in 1000 million equivalent equity.

This type of D-shares, which are similar to interest-free bonds, will directly amortize the return multiples of investment institutions if the [Dajiang] company does not pay dividends or go public.

They have never heard of such harsh financing conditions since their careers.

Even in America, where the capital is extremely developed, when so many unicorn companies raised funds in the past, they have never heard of such an annoying operation.

When the other investors heard this, they were also very angry, and almost left the table on the spot.

Seeing this, Xu Xin immediately calmed down: "Mr. Jiao, everyone, don't worry, the C round of financing hasn't started yet!

Besides, the C-round financing of 【Dajiang】will not start until the sales increase.

If there is not enough confidence at that time, how can this kind of bidding mode be adopted.

However, judging from the current situation, the C round of financing is at least two or three years later. Today, let’s focus on the Pre-B and B rounds of investment. "

Despite Xu Xin's kind explanation, everyone still didn't buy it.

After all, anyone who hears such unequal conditions will feel uncomfortable.

That is to say, Ma Liang's [Da Jiang] in his previous life was really awesome, otherwise he wouldn't dare to play this kind of coquettish operation.

But it’s different now, the [Dajiang] in this life is still just a start-up company.

There is not much revenue to talk about, and it is normal for the investors present to be unable to accept such conditions for a while.

Ma Liang was not in a hurry, today's procedure was discussed in advance.

He and Xu Xin played different roles in the bureau, and the purpose was for [Da Jiang] to successfully complete the Pre-B round and B round of financing.

Seeing that a group of investors began to protest silently again, he had no choice but to continue to speak and use the provocative method:

"When Jobs introduced the iPod, no one believed he could disrupt the digital music industry. Now that he has introduced the iPhone, not many people think he will disrupt the mobile phone industry again.

But in my foresight, within three or four years, the miracle will be staged again.

Not only will the mobile phone industry be subverted, Apple will also become the world's largest mobile phone manufacturer with the iPhone.

Even Nokia, the former king, will be pulled down from the throne by Mr. Joe.

Because I believe in the revolution of technology and the power of products, when there are disruptive innovations in technology and products, everything is possible.

[Dajiang]'s multi-rotor UAV is a product no less than iPod and iPhone in the field of intelligent flight equipment, and its future is also limitless.

Although [Dajiang] is still far from Apple, I firmly believe that it can become a great company.

If one day the multi-rotor aircraft becomes a means of transportation like in the sci-fi movies, I believe [Dajiang] will definitely be the one who eats the biggest cake.

It is not impossible to surpass Apple and become one of the greatest technology companies by then.

Even if I'm exaggerating, let's not mention the transportation, but according to the current development model of [Dajiang], the future valuation will start at least tens of billions of dollars.

If even this cannot be realized, I, Ma Liang, am willing to withdraw from the venture capital circle.”

In order to make a play, he started acting again, what he said was impassioned and provocative.

On the surface, he is full of confidence, but in fact, he has experienced it once in his previous life.

But other people didn't know that he was a bad critic, and they were all infected by his appearance as a sophomore. Even the little brother Ma of the Goose Factory couldn't help being moved.

A man is still a teenager until he dies, no matter how smart an investor is, he still has a manly side.

What man would not want to do something big and create a great career.As an investor, investing in a great company is something that can last a lifetime.

Starting with a valuation of tens of billions of dollars, it is simply a unicorn among unicorns.

Coupled with the thinking brought about by Ma Liang's previous questions, the psychological defense of the investors has begun to waver.

Brother Ma, who reacted the fastest, spoke first: "Marlon, I agree with your judgment on the future trend.

I am willing to participate in the Pre-B round of [Dajiang], so I just invest 500 million US dollars. "

Brother Xiao Ma also feels the same way. The QQ back then was very similar to the [Dajiang Drone] at this time, and they were also not favored by many investment institutions.

It is obviously an epoch-making instant messaging software, but it has difficulty in financing because of lack of revenue.

If it weren't for good luck, and met the rich and powerful MIH and invested a lot of money, maybe there would be no goose factory today.

Moreover, Brother Xiaoma not only recognized Ma Liang's analysis of future trends, but he almost made a decision as early as when he went to the secret laboratory to see the multi-rotor drone products.

Precisely because he is very optimistic about the future of [Da Jiang], he decided to take a gamble if he was willing.

"Pony, why are you in a hurry, I have to come first." Deng Feng from Northern Light Venture Capital finally couldn't help but said, "[Dajiang]'s Pre-B round was held in private placement that day. I have already booked in advance at the summit.

Not much to say, Northern Light Venture Capital is willing to take half of the 2000 million US dollar quota. "

"Old Deng, you can eat as much as you want? There are more than a dozen institutions here!" Jiao Zhen, Dinghui Investment, was really in a hurry, and his words seemed not so polite.

Li Wei of Songhe Capital couldn't sit still: "That's right, Lao Deng, you are a bit unkind, wanting to eat alone?

The industry-university-research fund under our institution is the most suitable place to invest in [Dajiang].

And we are willing to accompany [Dajiang] all the way to develop until the day of IPO, and we will never cash out halfway. "

"Hey, hey, what do I mean by investing? It's not like queuing up to buy vegetables!

You guys don’t take small institutions like us too seriously. How rich is it? It’s like who can’t afford to invest in the Pre-B round of [Dajiang].

Besides, we are a local private equity fund in Pengcheng.

It really depends on what comes first, first come first, and our institution has to be the first to get the moon." The founder of Dachen Venture Capital Liu Zhou hurriedly argued.

As soon as he spoke, bigwigs from other investment institutions joined the battle one after another.

The fight is called a blushing, blushing and thick neck, even for even 0.5% of the shares, he will not hesitate to speak ill at each other, or slap the table to turn his face.

The benefits of making a game are finally reflected now. I am afraid that if none of you vote, as long as one person votes, the others will definitely not be far behind.

After all, there are too many monks and too little porridge. If anyone doesn’t take the initiative, he won’t be able to drink.

After a while, the entire conference room was completely arguing about the investment share of [Dajiang UAV].

Ma Liang was speechless looking at it, who the hell was always arrogant before, why did he suddenly change his style of painting, and even grabbed it!
If it weren't for the fear that someone would rely on him, or that others would want to take part of his investment share, seeing the group of investors who were getting louder and fiercer at the venue, he really wanted to go forward and persuade him.

Brothers, we are all respectable people, don't do this!
Why does it look like a small business hawker going to the wholesale market to buy goods, is there still a bit of a capital tycoon?
　Today's update time is a little earlier, and the adjustment is getting better and better.

　　Originally, one chapter had already been coded during the day, but I thought that the two chapters would be released together so that the plot would be complete.

　　A lot of support brothers!
　　
　
(End of this chapter)