My Fintech Empire

Chapter 151 [A round of financing of 500 million (110)]

When Xu Jingren heard Fang Hong's conclusion, he couldn't help asking curiously: "You put your heart into it but not your strength, how do you understand that?"

Fang Hong said without hesitation: "Looking at their operations in the big V competition, you can get a glimpse of the whole leopard. It is true that Goose Factory has spent a lot of money to recruit stars and celebrities, but look at what they are recruiting. People? For example, Liu Xiang, the number one blogger flying over K3478, his activity on Tengxun’s Weibo platform gives me the feeling that he is task-like and check-in-like. Other celebrities are also very cold and inactive. .”

Speaking of this, Fang Hong smiled. In the virtual world of the Internet, who can show the high-cold appearance?

Immediately afterwards, Fang Hong said: "In contrast to our platform, since Han Han, Yao Chen and other big Vs entered Weibo, most of them took the initiative to export their own values, attracting countless melon-eating netizens to come and watch. Hot."

Now the second largest blogger on Quandong Weibo is Yao Chen, a female star with a sexy big mouth. She has surpassed Xie Na, and her influence on Quandong Weibo is getting bigger and bigger. According to this trend, it is very likely It will soon surpass Fang Hong's K3478 account.

Fang Hong's account has grown slowly recently, because he hasn't posted a Weibo update for a long time.

And Yao Chen's characteristics are obvious. She is willing to speak, speak people's words, and speak the truth on Weibo. Now the character design is quite good, but I won't talk about whether the character design will collapse in the future.

So there are a lot of fans who are willing to interact with her.

And recently "Little Swallow" Zhao Wei has also entered Quandong Weibo. At this time, the little Swallow character design has not yet collapsed.

Just yesterday Saturday, Yao Chen and Zhao Wei started a battle for the queen of the "bib". Netizens who eat melons are watching.

At the same time, other celebrities are also vying to be "Weaver Girl", "Weaver Boy" and so on.

This kind of atmosphere, Weibo under Goose Factory can't learn it even if it is copied.

Fang Hong said calmly again: "Maybe you think that QQ can divert traffic to Goose Factory's Weibo platform, and that's right. Judging from the recent surge in users of Goose Factory's Weibo, Goose Factory has spent a lot of money." A lot of resources. But my conclusion is that the effect is by no means as good as it looks on the surface, and it is definitely not ideal. Only the people inside them know this.”

Fang Hong paused for a moment and added: "I have experienced it. You can directly use your QQ account to open Tengxun Weibo, and the status posted on QQ and Qzone can be synchronized with its Weibo."

Speaking of this, Fang Hong changed the subject: "But the scene is wrong. The content in Qzone is for acquaintances, half of the people, or people who will become acquaintances, but what about the content of Weibo? It's for everyone, for everyone. For the public, for strangers to see."

Fang Hong concluded: "So this kind of diversion seems to be turbulent, but it will not form much effective linkage. As time goes by, it will gradually show its original shape. Even with the huge user pool of QQ, the help to Weibo is actually It is very effective, and as time goes on, you will find that Tengxun Weibo seems to be aggressive, but its actual status is not stable.”.

In the end, after listening to Fang Hong's explanation, Xu Jingren nodded to himself and smiled at the same time: "With Boss Ni, the chief strategist, there really is no panic. The strengths and weaknesses of the enemy and ourselves are clearly analyzed."

Fang Hong also smiled and said: "Compared to Goose Factory, we should put the threat index of Xinlang, an opponent, ahead of Goose Factory."

Xu Jingren nodded again. As the boss said before, Weibo is a vest line to Goose Factory. Without the vest line, no one can die, but Weibo is a life and death line to Xinlang, so it will inevitably attack wildly, or even fight to the death.

A few minutes later, Xu Jingren went to his desk and brought a financial document and handed it to Fang Hong, saying, "The landlord's house is almost out of food, and the money raised last time is about to bottom out. If there is no new capital injection, It’s only enough for us to support for half a month, after which we won’t be able to pay our wages.”

It has only been about three months since the last financing of 90 million yuan. The explosive growth of Quandong Weibo in the past three months has also cost a lot of money, but there is no doubt that the money is well spent.

Fang Hong said with a smile: "I came here today to talk to you about this matter. I have already negotiated with the investor. This time, the valuation of the company has been raised to 2 billion after the investment."

Post-investment valuation of 2 billion?

Xu Jingren couldn't help estimating it when he heard it. It was a valuation of about 300 million US dollars. Dynamic microblogging has not yet broken out of the siege, and powerful enemies from all walks of life look around, and there is still a huge shift in speed.

Therefore, at the current actual valuation, it is indeed a bit difficult to raise funds at the unicorn level of US$1 billion.

"An estimate of 2 billion is reasonable." Xu Jingren immediately said, "Is Qunxing Capital the sole investor? How much equity do they plan to give this time?"

In fact, Xu Jingren is also worried that Qunxing Capital, the largest shareholder of Quantum Beat, has too concentrated holdings, but considering the factors of Qunxing Capital and the boss’s girlfriend’s family, and the structure of Quanxing Beat’s AB shares, he is not worried. The founding team will lose control. Although Qunxing Capital has a one-vote veto, Fang Hong, as one of the founders, also has a one-vote veto.

The superposition of these two factors dispelled Xu Jingren's worries about Qunxing Capital's dominance.

And to be fair, Xu Jingren also feels that Qunxing Capital’s support is nothing to say, just invest money, and never intervene in how the company operates, at least so far, it has not intervened, and has not signed a weighted average anti-dilution clause.

"This time, we will raise 500 million yuan, and we need 25% of the equity." Fang Hong reported the number neatly, and then added: "What do you guys think?"

"In the current 'big chaos' situation, if you don't have money to burn it, you can't do it. You need to raise 500 million yuan..." Xu Jingren thought for a moment, then nodded and said: "I have no objection, and Gao Yuan and the others should have no objection either."

Fang Hong smiled and said: "They are all the founders. Whether you have any opinions or not, you still have to call them over and talk about it. It is better to go through the process that should go through."

Hearing this, Xu Jingren immediately went to the desk, picked up the landline and called his assistant Zhuang Youmin, asking him to notify Sun Xin and Lou Gaoyuan that they had arrived at the office.

After a few minutes, all the founders of Quantum Beat arrived.

Regarding the company's A-round financing, Xu Jingren talked to the big guys, and several founders also expressed no opinion on the spot.

Quantum Beat's A round of financing was settled so quickly.

This round of financing is 500 million yuan, and 25% of the equity is sold. After the A round of financing, the equity structure of Quantum Beat is as follows: the shareholding ratio of the five co-founders has dropped to 6.279%, and the option pool has reserved 9.66%. Dropped to 7.245%, Qunxing Capital's shareholding rose to 51.7%, becoming the largest shareholder and holding more than half of the shares.

After this round of financing, the shareholding ratio of several major founders continued to decline, but Lou Gaoyuan and the others had no objection, because their worth soared by more than 5 times. Based on Quantum Beat’s current valuation of 2 billion, everyone’s worth All rose to 125.58 million.

If the financing is raised, it will be somewhat thoughtful if the worth has shrunk.

At the end, Fang Hong looked at Xu Jingren, Lou Gaoyuan and others and said in a deep voice: "The angel round, the Pre-A round, and this round of A round of financing are all exclusively invested by Qunxing Capital. After this financing, Qunxing Capital has already accounted for more than half of the shares. , reaching a 51.7% shareholding ratio.”

Fang Hong looked around the crowd and added: "In the subsequent rounds of B and C rounds of financing, Qunxing Capital will not be able to dominate alone. At that time, other venture capital institutions can be properly introduced. The 500 million yuan is a lot of money. Don't be stingy but don't spend it indiscriminately. Try to use the 500 million funds to make the company's valuation reach the unicorn level, which is 1 billion US dollars. When the time comes for the B round of financing, you can spend less Equity, or more equity can get more money.”

Everyone nodded.

They basically don't ask about the financial operation, and leave it to Fang Hong to handle it.

After the three rounds of financing, Qunxing Capital has acquired 51.7% of the equity, plus Fang Hong's own 7.245% in his own name, a total of 58.945%. The biggest meat has been eaten, and some soup can be properly put out for others to share .

In the subsequent B round of financing, although Qunxing Capital does not plan to exclusively invest, it will also assume the role of leading investment in the B round of financing, and some other venture capital institutions will join in the investment.

Fang Hong’s follow-up plan is to let Quantum Jump spin off and reorganize, establish Quantum Jump Group, and then separate Quantum Weibo to be listed on A-shares. He must successfully land on A-shares before the arrival of the leveraged bull market in 2015. The purpose of Fang Hong's move is naturally to take advantage of the epic leveraged bull market period to withdraw large-scale cash out at high levels.

Of course, the evacuation will not evacuate all.

Qunxing Capital must firmly grasp the control over Quantum Beat. After all, Quanxing Weibo involves a dispute over the right to speak in public opinion. If you don’t occupy this thing, it will be occupied by others. Yes, it's not about money.

After cashing out at a high level, after the bull market ends and the plunge is over, buy a bottom and get it back.

...

(Ps: At the beginning of the explosive change, ask for a monthly ticket, ask for a full order, what should I do after the 2000 mark? Of course, continue to add changes, the same is to add a change for every 100 additional orders.)