Winning the new financial era

Chapter 408 Hand in Hand
"Haha~"

Guo Lie smiled happily, "Yida, you really know how to joke. She is a Victoria's Secret supermodel, and she likes us dicks."

Before Zhang Yida could speak, Xiong Xiaoge said first, "What's wrong with the Victoria's Secret supermodel? Guo Lie, don't belittle yourself. You are one of the best post-90s entrepreneurs in China. Are you not worthy of them?"

He patted Guo Lie on the shoulder, "Start a business well, wait until the day the bell rings, and you will be successful and famous."

Guo Lie smiled wryly, "Girls nowadays are very realistic, and they don't like us.

In the past, a friend introduced me to someone, and they would ask you if you bought a house or a car?Do you have a loan?
I said that I have devoted myself to starting a business, and I will consider it when the company is on the right track.

Then the girl heard that I was starting a business, and asked me the direction of starting a business, did I get financing?How many employees does the company have?What is the magnitude of revenue? "

Speaking of this, Guo Lie sighed, "So, let's put aside personal issues for now, and focus on starting a business first."

Zhang Yida didn't quite believe this set of rhetoric. A CEO of a start-up company with a total financing amount of nearly [-] million yuan is not sought after in the blind date market?
I'm afraid Guo Lie's vision is too high, and ordinary girls don't like him; excellent girls only think of him as a good potential stock, but not yet a big boss.

Noticing Zhang Yida's slightly perfunctory smile, Guo Lie thought that the other party didn't believe it.

Continue to explain to Zhang Yida: "Yida, you are in the early stage now, and you don't understand the hardships of us low-level entrepreneurs.

Girls don't care about your angel round financing, A round financing, just pay attention to whether you have money in your personal pocket?
Can you buy her a bag, can you take her to romantic Turkey, as well as Tokyo and Paris. "

Let's have a good talk, shall we?Why are you still singing.

After complaining a few words in his heart, Zhang Yida continued to maintain a smile on his face, "Ah Lie, haven't you bought a house or a car yet?"

"I can't afford it for the time being," Guo Lie said calmly, "After all, we are still a start-up company, and we can't randomly pay executives salaries.

Once this precedent is set, the wage structure will be destroyed.

I think every cent of financing should be spent wisely.

In fact, when I was working at Penguin in 2011 and 2012, I saved a little money, and with the help of my parents, I could make a down payment.

Later, when I left my job to start a business, I used the money to start a company.

Now housing prices are rising too fast, and it costs 600 million to buy an ordinary three-bedroom apartment in Nanshan.

Maybe when the company goes public, I can consider buying a house. "

These words are very beautiful. Although Guo Lie is not very thoughtful, he is still very high in dual quotient.

He is expressing his determination that the company will not buy a house if it is not listed.

Sometimes entrepreneurs will use any tricks in order to get financing and give investors confidence.

"Haha, are you making a big wish?"

Zhang Yida glanced at Xiong Xiaoge, was it taught by you, a venture capital veteran with more than 20 years of experience?

"This kind of big ambition, I have two senior brothers who made it. Senior brother Li Bing said that if Weilan is not on the market, he will not buy a house, so he and Yizhi's sister-in-law have been renting in a high-end apartment;

As for Brother Ogawa..."

Zhang Yida explained again, "Brother Xiaochuan is my high school alumnus, and they all graduated from Rongcheng No. [-] Middle School."

"Senior brother Xiao Chuan is even more ruthless. He is already on his fourth year and doesn't have a girlfriend yet."

Zhang Yida laughed and said, "He said that if Sogou doesn't go public for a day, it won't find a girlfriend for a day. Worry about his old mother!

The old lady often chatted with me about family affairs and asked me if I could help introduce a girl. "

Guo Lie deeply thinks that this is what it looks like to be a big man.How can a man be swayed by the affection of his children?

"During Jimeng's B round of financing, all new shares were issued, and no one cashed out some of the old shares?"

Guo Lie was confused by Zhang Yida's question, and asked back: "Isn't it necessary for the company to go public to cash out?"

Zhang Yida coughed twice, looked at Xiong Xiaoge, "Boss Xiong, you guys..."

Xiong Xiaoge made a sign of surrender with both hands, and smiled wryly, "I really can't blame IDG, we didn't participate in the B round of financing, it was invested by Meitu and Lightspeed China.

I also suggested to them at that time that the founding team should be allowed to cash out 10% of the financing amount, which is 100 million US dollars.

But the two of them refused on the grounds that they could not let the founding team be too happy. "

Guo Lie didn't expect there to be such a small episode, no one told him about it!
Zhang Yida shook his head and chuckled, "It's normal to have equity transfer restrictions. If the founders cash out, who will start the business?

But there are two sides to everything.

Entrepreneurs in our country are very hard-pressed, and their living conditions are not optimistic.

More than 80% of founders are between 25-35 years old.People of this age generally have a short working life and have not accumulated enough wealth, but they are the ones who spend the most.

It costs money to fall in love and get married, it also costs money to have children to provide for the parents, and it also costs money to buy a house and a car, all kinds of expenses.

The salary of the founders of Chinese companies is also very low. Before the angel round, they don’t get paid; after they get the angel or A round, they can get a monthly salary of [-] to [-];

Only companies that have reached the maturity stage of the B round or C round can make life easier for the founders, and they will not be criticized if they offer themselves a monthly salary of [-] to [-] to [-], or even a million annual salary.

According to the Jiguang Big Data survey, more than 85% of the founders belong to the family with no house, no car and low savings.

In Beijing-Shanghai Pengyang, where a house can easily cost several million yuan, the vast majority of founders live in rented houses.

Due to the start-up capital invested in starting a business, all the money saved from working in the early years was also invested in the company.

Entrepreneurs face enormous mental pressure.The company is entangled in various affairs, the deep sense of guilt towards the family, the pressure of external competition, the pressure of rapid development brought by investors, etc., which make the founder's mental pressure huge.

Every year is 996 or 007, physically and mentally exhausted!
Take Dr. Zhang Rui, the founder of Chunyu Doctor, as an example. After years of hard work, the 44-year-old entrepreneur has completed a pre-IPO financing of 12 billion yuan last year, with annual revenue of over [-] million yuan and net profit of tens of millions.

Unfortunately, the founder of the so-called "10 billion net worth" suffered a sudden myocardial infarction and passed away last year.

If outsiders were to judge, everyone would think that Zhang Rui, the founder of the company, should have already realized the freedom of personal wealth when the company reached the pre-IPO stage.

However, after Zhang Rui's unfortunate death this year, from the eulogy written by his wife, we know that Zhang Rui's financial situation is by no means what everyone imagined.

Not only did Zhang Rui not buy a car or a house, but he didn't even have insurance and financial management!

His only wealth is tied to Dr. Chunyu's equity, which is a paper wealth that cannot be realized in the short term!

As an entrepreneur, Zhang Rui's entrepreneurial spirit of "betting everything on the company" is worthy of respect.

But in fact, once you start a business, it is difficult to take care of your family.

Most founders go out at 7 o'clock in the morning and go home at [-] o'clock in the evening. When they go home, they just sleep. It is difficult to take care of their families, and they actually have a deep sense of guilt for their families.

Appropriate cashing out and improving the family's economic conditions is an explanation to the wife and parents.

In other words, isn't one of the purposes of starting a business to make yourself, especially the one you love, better off?

Most of the founders also lived a very poor life, renting a house to squeeze into the subway to eat boxed lunches, dressed plainly, and over-frugal.

Appropriate cashing out can help improve the founder's life and increase his sense of well-being, and it will not affect the founder's entrepreneurial passion.

In order to prevent the founder from being a shopkeeper, it is wrong for investors to beat him to death with a stick and not allow any cash out.

In fact, for companies in the B-C rounds, if you sell 1% of the shares, you can buy a school district house for your children in Beijing.

The 1% equity will not affect the founder's status as a major shareholder of the company at all, and will not reduce the motivation to start a business.

In addition, proper cashing out is also conducive to the stability and unity of the core team.

During the process of entrepreneurship, many team members chose positions with higher vested interests due to family pressure and left the entrepreneurial team.

Appropriate cashing out can actually allow team members to not only enjoy immediate benefits, but also have considerable motivation to fight for the future. "

Zhang Yida's words resonated deeply with Guo Lie.

He is not as glamorous as the outside world imagined, and the investors are getting better and better.

Is the company's equity financing fund just for him to squander?
If you dare to take the money for buying gifts and bags for the live broadcast of the young lady into the public account, the CFO dispatched by the investor will be able to pass the matter to the investor in the next second.

This kind of news has spread throughout the venture capital world, and it is basically impossible to start a business with financing in this life.

Why did Zhang Yida say so much?Could it be that the C round of financing allows me to cash out a share?

Just when Guo Lie was fantasizing beautifully, Zhang Yida's next words startled him.

"Do you think Jimeng can be made into a Chinese salad cloth, and even profitable?"

Zhang Yida looked serious and looked at Guo Lie sharply.

Guo Lie also solemnly said: "What Sharab can do, we can definitely do, and we will not be worse than them.

As for profit, Jimeng is also exploring the realization of advertising, and has achieved certain results. "

"European and American users like to socialize with pictures, while Chinese people are much more reserved, and few people like shameful pictures that are burned after reading.

In addition, under the attack of WeChat, Weibo, and even short videos that are already popular, can Jimeng become a new heavyweight social platform?

You should know that the user's usage time is limited.One company gets a little more of the pie, and the other gets a lot less.

Even in the picture social field, Jimeng is not No. 1, there is also a Meitu system on it.

How to break through?Can it break through?Allie, do you have a clear route? "

Zhang Yida's series of questions directly confused Guo Lie, these are the shackles that limit the growth of Ji Meng.

If you want to go one step further, from a tool to a platform, it is bound to touch the cheese of many companies.

The big ones include Penguin, and the small ones include Weibo, Doushi, Kuaishou, and Meitu.

He has also thought about these problems and knows the difficulty, but he has no good solution.

We can only make products carefully, and first gain a firm foothold in the segmented field.

Seeing that Guo Lie was deep in thought, Zhang Yida hit the rails while it was still hot: "The overseas version of Douvision, Musical.ly, is currently progressing smoothly overseas.

In the future, we will also consider launching a photo social platform to enrich our product matrix.

Allie, you are a very good product manager.Why don't we join hands and create a career together.

A global social giant, a true giant, spans seven continents and four oceans, covering billions of users. "

(End of this chapter)