Taking over the electronics factory, you actually created an industrial empire
Chapter 113 Successful Series B Financing!
Chapter 113 Successful Series B Financing!
Three days later, Sheng Huainan, JPMorgan Chase, and their lawyers signed the B-round financing agreement of Shangsha Technology in the Shangsha Building.
In the meeting room, Sheng Huainan asked his partner King & Wood Mallesons Fang Yuan and JPMorgan Chase and his partner Sidley Austin to finalize the contract template, while Shen Peng represented Hong Shan Capital also signed a joint agreement. The specific financing details are:
JPMorgan Chase invested 4 billion Huayuan through a vest company in Xiangjiang, accounting for 8% of the shares, while the beautiful country investment team represented by Morrison invested 1 billion Huayuan, accounting for 2% of the shares. Neither party has any privileges, and when the company raises a new round in the future, they will be diluted equally with other shareholders.
At the same time, Shen Peng's Sequoia Capital was diluted to 9%.
Sheng Huainan, on the other hand, diluted it to 81%. After two rounds of financing, Sheng Huainan can still maintain a shareholding ratio of more than 80%, instead of being in the A round like ordinary startup company controllers, or even in the angel round. It has been diluted to less than 50%. This kind of equity control ability is really amazing!
None of the three parties had any objection to the contract. After signing the contract on the spot, it was convenient for the new investment to arrange finances and wait until the shareholding structure was changed in the industry and commerce department before transferring the money to the account in batches.
After sending away JPMorgan Chase and Sequoia Capital, Sheng Huainan called all the core personnel of Shangsha Technology into the conference room, and everyone sat in the conference room with excitement, keeping their eyes on the two copies in Sheng Huainan's hand. As for the contract, everyone knows very well that the agreement for the B round of financing was signed today, and it was signed with a large investment bank like JP Morgan Chase, which they have only heard about on TV but have never seen.
Shangsha Technology accepted investment from JPMorgan Chase?
5 billion Huayuan!
Huge income!
In 07, Yuzhou, a city with farmland in the main urban area, was simply unbelievable.
Most of the companies in this city probably have never heard of what is called A round, what is called B round, and what is called pre-IPO!
Moreover, Shangsha Technology was a small electronics factory on the verge of bankruptcy two years ago!
This is unbelievable!
But everyone is still waiting for Sheng Huainan to announce the good news himself.
Sheng Huainan held two thick formal financing agreements, shook his hands, and said in high spirits: "Our B-round financing has been completed, and 5 million cash will arrive in the account within a week. Starting from today , the company will enter the second stage of development!"
There was thunderous applause in the meeting room.
The applause gradually stopped, Sheng Huainan also put down the contract, and said seriously to everyone sitting here, "2007 is the most critical year for us, the mate 2 mobile phone is in a state of intense attack, the Zheku chip has officially started research and development, and the tablet computer is also in development. To carry out a new round of iteration, the task for everyone is very arduous. This year, we will achieve a breakthrough from fine to strong products! Therefore, all department leaders must be clear about our focus in 2007, and everything will be done quickly. Focus on development. For future team building, operation and promotion, don’t worry about money anymore, but consider efficiency first! We strive to burn out the 5 million financing within one year in a reasonable and efficient manner, and start the C round of financing, by that time, we will occupy a place in Huaguo's electronic technology industry!"
The executives present were shocked!
5 million burned within a year?
And looking at this posture, it is at all costs, you want to see the results, right?
Can the mate 2 mobile phone really carry such an important mission? It needs to burn so much money!
In the chip industry, if it is promoted in the short term, the speed at which it consumes money is not as simple as doubling!
For a moment, everyone looked at Sheng Huainan with deep admiration in their eyes!
After earning money, they are still working so hard, raising funds, not paying attention to eating, drinking and having fun, and investing all in new products.
I'm afraid, among all entrepreneurs, there are only a handful of them!
At this time, Sheng Huainan continued, "I am not particular about eating meat, and my employees can't even drink soup. Starting today, the company will establish a new mechanism, that is, I will give away 1 of the equity in my hand. /8 is taken out as a virtual dividend share and placed in the Shangsha Guild. By the end of this year, all employees will continue to subdivide according to the performance of their department and share the profits of this 1/8 equity. My wolf, They are not grass eaters, I will let you eat meat!"
Silence!
This kind of equity profit distribution concept from Zhongwei in later generations made everyone fall into a sluggish state!
Let the employees share the profits of the original shareholders, Mr. Sheng is sure he is right!
What Sheng Huainan said shocked everyone's ears!
The audience was really sluggish for half a minute!
During this half minute, all the executives even forgot to breathe!
It wasn't until the waves of dizziness struck in the brain that he breathed in the air extremely hurriedly!
"hiss...!!!"
For a moment, the sound of gasping involuntarily resounded throughout the conference room!
"Why, isn't this group of people satisfied with the 1/8 profit share?" Sheng Huainan frowned, looking at the group of people below.
"Boss Sheng is great!"
"Long live President Sheng!"
"Boss Sheng!"
Only now did bursts of praise from the executives below come through!
Even if it is divided according to the profit in 06, there will be a profit share close to 2000 million. If it is divided, not to mention other things, just how much the executives can share!
They came here to make money, not to talk about friends. Sheng Huainan's shocking move instantly blew up their fighting power!
Entrepreneurs visually beat workers, what do you mean?
What I earn is related to your profit, that is the real entrepreneurial vision!
Otherwise, if you make money and buy a Ferrari, or get me a sister-in-law, what does that have to do with me?
If the new policy of Shangsha Technology is to be spread, I am afraid that it will make practitioners in the industry envious.
. . . . . .
More than 100 miles to the west of Yuzhou, in the vast upper reaches of the Yangtze River, there is a large mountain range beside the river, called Jinyun Mountain. There is a lonely temple on the mountain. The incense is not very strong, and there is a faint feeling of bleakness.
The night in late spring is cold and cold, the river is rolling eastward, the waves are still faintly visible, and the humming of small cargo ships, bright or dark, seems to be telling the difficulty of life in the distance.
Two men walked along the river in the dark.
They had been walking for nearly a quarter of an hour, and a young man next to him sighed quietly, "Now the situation in Shenghuai South is very difficult to contain, think about our Wang family in Yuzhou. It's frustrating to fail!"
(End of this chapter)
Three days later, Sheng Huainan, JPMorgan Chase, and their lawyers signed the B-round financing agreement of Shangsha Technology in the Shangsha Building.
In the meeting room, Sheng Huainan asked his partner King & Wood Mallesons Fang Yuan and JPMorgan Chase and his partner Sidley Austin to finalize the contract template, while Shen Peng represented Hong Shan Capital also signed a joint agreement. The specific financing details are:
JPMorgan Chase invested 4 billion Huayuan through a vest company in Xiangjiang, accounting for 8% of the shares, while the beautiful country investment team represented by Morrison invested 1 billion Huayuan, accounting for 2% of the shares. Neither party has any privileges, and when the company raises a new round in the future, they will be diluted equally with other shareholders.
At the same time, Shen Peng's Sequoia Capital was diluted to 9%.
Sheng Huainan, on the other hand, diluted it to 81%. After two rounds of financing, Sheng Huainan can still maintain a shareholding ratio of more than 80%, instead of being in the A round like ordinary startup company controllers, or even in the angel round. It has been diluted to less than 50%. This kind of equity control ability is really amazing!
None of the three parties had any objection to the contract. After signing the contract on the spot, it was convenient for the new investment to arrange finances and wait until the shareholding structure was changed in the industry and commerce department before transferring the money to the account in batches.
After sending away JPMorgan Chase and Sequoia Capital, Sheng Huainan called all the core personnel of Shangsha Technology into the conference room, and everyone sat in the conference room with excitement, keeping their eyes on the two copies in Sheng Huainan's hand. As for the contract, everyone knows very well that the agreement for the B round of financing was signed today, and it was signed with a large investment bank like JP Morgan Chase, which they have only heard about on TV but have never seen.
Shangsha Technology accepted investment from JPMorgan Chase?
5 billion Huayuan!
Huge income!
In 07, Yuzhou, a city with farmland in the main urban area, was simply unbelievable.
Most of the companies in this city probably have never heard of what is called A round, what is called B round, and what is called pre-IPO!
Moreover, Shangsha Technology was a small electronics factory on the verge of bankruptcy two years ago!
This is unbelievable!
But everyone is still waiting for Sheng Huainan to announce the good news himself.
Sheng Huainan held two thick formal financing agreements, shook his hands, and said in high spirits: "Our B-round financing has been completed, and 5 million cash will arrive in the account within a week. Starting from today , the company will enter the second stage of development!"
There was thunderous applause in the meeting room.
The applause gradually stopped, Sheng Huainan also put down the contract, and said seriously to everyone sitting here, "2007 is the most critical year for us, the mate 2 mobile phone is in a state of intense attack, the Zheku chip has officially started research and development, and the tablet computer is also in development. To carry out a new round of iteration, the task for everyone is very arduous. This year, we will achieve a breakthrough from fine to strong products! Therefore, all department leaders must be clear about our focus in 2007, and everything will be done quickly. Focus on development. For future team building, operation and promotion, don’t worry about money anymore, but consider efficiency first! We strive to burn out the 5 million financing within one year in a reasonable and efficient manner, and start the C round of financing, by that time, we will occupy a place in Huaguo's electronic technology industry!"
The executives present were shocked!
5 million burned within a year?
And looking at this posture, it is at all costs, you want to see the results, right?
Can the mate 2 mobile phone really carry such an important mission? It needs to burn so much money!
In the chip industry, if it is promoted in the short term, the speed at which it consumes money is not as simple as doubling!
For a moment, everyone looked at Sheng Huainan with deep admiration in their eyes!
After earning money, they are still working so hard, raising funds, not paying attention to eating, drinking and having fun, and investing all in new products.
I'm afraid, among all entrepreneurs, there are only a handful of them!
At this time, Sheng Huainan continued, "I am not particular about eating meat, and my employees can't even drink soup. Starting today, the company will establish a new mechanism, that is, I will give away 1 of the equity in my hand. /8 is taken out as a virtual dividend share and placed in the Shangsha Guild. By the end of this year, all employees will continue to subdivide according to the performance of their department and share the profits of this 1/8 equity. My wolf, They are not grass eaters, I will let you eat meat!"
Silence!
This kind of equity profit distribution concept from Zhongwei in later generations made everyone fall into a sluggish state!
Let the employees share the profits of the original shareholders, Mr. Sheng is sure he is right!
What Sheng Huainan said shocked everyone's ears!
The audience was really sluggish for half a minute!
During this half minute, all the executives even forgot to breathe!
It wasn't until the waves of dizziness struck in the brain that he breathed in the air extremely hurriedly!
"hiss...!!!"
For a moment, the sound of gasping involuntarily resounded throughout the conference room!
"Why, isn't this group of people satisfied with the 1/8 profit share?" Sheng Huainan frowned, looking at the group of people below.
"Boss Sheng is great!"
"Long live President Sheng!"
"Boss Sheng!"
Only now did bursts of praise from the executives below come through!
Even if it is divided according to the profit in 06, there will be a profit share close to 2000 million. If it is divided, not to mention other things, just how much the executives can share!
They came here to make money, not to talk about friends. Sheng Huainan's shocking move instantly blew up their fighting power!
Entrepreneurs visually beat workers, what do you mean?
What I earn is related to your profit, that is the real entrepreneurial vision!
Otherwise, if you make money and buy a Ferrari, or get me a sister-in-law, what does that have to do with me?
If the new policy of Shangsha Technology is to be spread, I am afraid that it will make practitioners in the industry envious.
. . . . . .
More than 100 miles to the west of Yuzhou, in the vast upper reaches of the Yangtze River, there is a large mountain range beside the river, called Jinyun Mountain. There is a lonely temple on the mountain. The incense is not very strong, and there is a faint feeling of bleakness.
The night in late spring is cold and cold, the river is rolling eastward, the waves are still faintly visible, and the humming of small cargo ships, bright or dark, seems to be telling the difficulty of life in the distance.
Two men walked along the river in the dark.
They had been walking for nearly a quarter of an hour, and a young man next to him sighed quietly, "Now the situation in Shenghuai South is very difficult to contain, think about our Wang family in Yuzhou. It's frustrating to fail!"
(End of this chapter)
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