Completed Salted Fish's Self-help Strategy

This is a devastating blow to an enterprise. Not only is the elite of the whole company empty, but also they are busy dueling with their former brothers. Our own people know our own people best and are the most difficult to fight. As a result, Haikang is given the opportunity to catch up. Then in 2010, Haikang also went on the market, and Dahua was no longer able to catch up with shanghaikang. Up to now, its market share is even less than half of that of Haikang.

However, fortune and misfortune depend on each other. Haikang and Huawei were named and sanctioned by Midea because they were so invincible, while Dahua escaped.

The investment elites under the stage are all experienced practitioners. There is no little red guy. Obviously, they all know about this case. As a result, Qi's eyes once again focused on Aunt Cynthia's side, making her embarrassed.

Yuan Jing had to come forward and make a comeback: "ah, chuyuanxi, sister C certainly didn't mean that. Wang zengqiu's situation..."

"Even if it means that, Wang zengqiu comes according to the rules." Without waiting for Yuan Jing to finish, aunt Cynthia rushed to say, "it's not that what Wang zengqiu did didn't conform to the rules, but that the leader of Dahua made a mistake when he didn't take the helm well. You Chu always have such ability, what big pit can hide you

Chuyuanxi shrugged his shoulders and said, "so? Are you investing in our company to make money, to control our company, or to break down? My company is not so good. I have limited energy to prevent infighting first! "

As soon as aunt Cynthia heard this, she immediately said: "but how terrible is investment without rules and regulations? Do you know president Chu? No rules, no square. What you're doing now is not ba Ren entertainment, but a super large company with 300 billion yuan just passed the exam.... "

Hehe? You mordu syndicate made more than one billion in half a year, but you are not happy? Chuyuanxi began to play Taiji: "you're right, but there's no need to rush to set up rules. I think we should be able to set up a relatively perfect corporate governance by the time of round C financing. Not all rules are suitable for all companies. Even if they are suitable, they may not be suitable for the left and right stages. It is impossible for a set of rules to be universal. We should keep pace with the times! "

Aunt Cynthia has never seen such a person who can speak, speak and argue. She has a lot of fallacies, so she doesn't know how to refute them?

However, for those who have many years of investment experience and experienced so many big waves, aunt Cynthia instantly adjusted her mood and said to the investors here: "you are all the leaders in the investment industry and experienced people. I just want to know, do you believe that a company without the most basic regulatory framework and rules, without board seats to supervise the company on behalf of the interests of small and medium-sized shareholders, can live in the capital market for a very long time and achieve a scale of 100 billion? How is that possible? I don't believe it anyway

Chuyuan Xixin said Yuan Jing is redundant, please come! Paralyzed to see my hand tore you! If you're a little gangster, you can say you can go if you don't like it, because if you really talk about rules, there's no need to ask her to come. This is well-off financing, not ba Ren's round B. If you ask her to come, you just think about the fragrance here. If you don't ask her to spread it, it's not a good reputation.

But at this level and on this occasion, the basic demeanor must be maintained. Otherwise, it will be inconvenient to carry out many things. So it's normal to have peace, and it's also normal to have sharp words. Of course, it's better to have a frenzied atmosphere, and investors are eager to contribute, or even bid for each other. But it's not going to work today. We have to tear the old lady first, and we have to find out the reason before tearing.

As for how to occupy the moral high ground, Chu Yuanxi thinks that he is a professional. After all, it's impossible to tear himself up on Weibo. The main contradiction is how to seize the moral high ground.

And the truth is ready-made! Chuyuanxi didn't wait for other investors to make a sound, but he laughed directly: "Ms. Cynthia, it's OK that others don't believe it. Why don't you believe it? Isn't Ba Ren the kind of company you call it? "

Cynthia was so angry that she almost vomited blood. How do you like it? Tibetans? Ba Ren Du te, I'm going to empty you! Five billion! Where do you come from? Dare you say that Ba people are responsible for the investment of Xiaokang? How big a face do you have to directly transfer a group of Ba employees to a well-off society? This special thing is not a transfer of interests, even talents are directly transported in the past! Fortunately, Xue Ming didn't go. Xue Ming is the core talent of Ba people. If he also transferred to a well-off position, he would really vomit blood! And she has nothing to do but vomit blood. She has no ability to stop it. That's why she has to speak out today.

However, at the end of this psychological activity, she heard Chu Yuanxi continue to say: "as you said, all of you are elites in the investment industry, let alone focus on your own interests. Even if we don't consider the founder team, we have to consider the interests of all investors, right? "

Cynthia was almost angry and confused: "I'm just thinking about the interests of all investors?"

"No, you are not. You think I can't give you privilege? Other people's investment is about the same as yours, so you can't be a director. Isn't that right? " Chuyuanxi said and looked at it. Well, investors are very concerned, "that is to say, everyone is qualified to be a director, or you, or other people. In short, investors should form a group to occupy some seats on the board of directors, right?"Cynthia had to nod, which was exactly what she thought.

"That's it! Even if I believe you are not at ease, who can guarantee that everyone is a gentleman? Who can guarantee that a gentleman is elected as the representative of investors to exercise the power of directors? The first founder of a start-up company doesn't have the energy to entangle with the directors. Second, he is vulnerable and can't withstand unexpected attacks. The appearance of Wang zengqiu can damage a company. In the end, it will damage the interests of all your investors!

Without Wang zengqiu, does Dahua's current market value at least multiply by 3? How did Dahua set up the board of directors five years later? Even if Wang zengqiu has this idea, he has no chance. As an ordinary shareholder, what does he frequently contact with the backbone of our company to do? I'll just wind him up! "

Xu Xin looks at the two people in the tearing force with a smile. What Chu Yuanxi said is totally wrong, but because he has built a very good enterprise expectation before, he is active in financing. However, venture capital, especially in the early stage of investment, is not a reasonable place. What we pay attention to is a good pat on the head. What we pay attention to is active and passive.

So she knew that Cynthia couldn't tear, because she and Cynthia had known each other for a long time, and they had been in the same circle for many years. They didn't look up, but they looked down. They knew something about Cynthia. Maybe they didn't understand this truth.

Xu Xin remembers that Cynthia did more PE, but he did it in the early days, but it was not so sharp, otherwise he would not have missed pinduoduo and song headlines one after another. These two are the business cards of Mordor. As the investor of Mordor, Cynthia missed these two brothers, which is equivalent to holding a shotgun and not finding prey in his back garden. This shows that there must be something wrong with his ideas and values.

And Chu Yuan Xi, a look is tearing force master, look at this fierce expression is tearing don't know how many times force people, this result don't need to ask is obvious.

Sure enough, Cynthia was shocked by the momentum of Chu Yuanxi. For a moment, she was tongue tied and her hands trembled a few times before she said, "you, you want to set up the liquidation clause!"

"Of course, you have to form the system. Since it's a system, it's necessary to ensure that the company doesn't have any possibility of being cheated in theory, right? Is there any question? Or you'll see how bad Devi is? Is Xiao Huang's lesson not enough? The reason why there is no liquidation in the investment of Ba people's entertainment is that it has not set up the ones you require. Otherwise, our agreement is definitely not like this. It's all equal and fair. "

"Wait a moment before you start to set up liquidation for round a investment. Is it a little early? It's not easy to solve technically. " Xu Xin suddenly asked.

Chuyuanxi immediately replied, "it's only a round of investment that someone starts to ask for a seat on the board of directors. Isn't it as early as that It can't be said that what's good for me is the rules, and what's bad for me is the conspiracy, right? "

The so-called technical difficulty means that there must be a trigger standard for liquidation. Entrepreneurs can't liquidate investors if they want to. Moreover, if there is consideration, it can not be said that investors will pay back as much as they have invested. At most, interest will be added. No one will sign such an agreement. Only when the trigger conditions are met can the investors be sent away with appropriate money.

The problem lies in "appropriateness". How much is appropriateness? It's easiest to write down a specific amount, but it's easier to write down investors and entrepreneurs, so it's technically easier for both sides to accept that it's based on indicators, such as valuation or financial indicators, to calculate a dynamic value.

However, the start-ups in round a are still in the stage of shooting their heads. They are just a little more detailed than the angel round. It is normal to be in a frenzy of money burning. There are no financial indicators, which are usually clearer when the financial indicators are in round C.

When writing the liquidation clause, the pressure comes to the valuation. It's not that the liquidation clause can't be written, but it's awkward for entrepreneurs.

The problem is, it's not at all awkward for some people. Chuyuan Xixin said that the most proud part of me is that I have a lot of experience with investors! I have practiced in the original world. Aunt Cynthia is a younger brother. Except for fighting with investors, we are clear in all forms!

"As for technical problems, they can always be solved." He said to Xu Xin, "companies can buy back shares. Do you think that's ok?"

Xu Xin nodded slightly. This is another technical problem, that is, who will pay for the liquidation. Liquidation cases happen from time to time, but it is usually to find new investors to pay the bill, so the pressure goes to the valuation.