Salted Fish’s Self-help Strategy

Chapter 705: Xiaokang's initial valuation

Chu Yuanxi originally wanted to say that we had even prepared the sharp tools needed for sinking, but seeing Wei Ning sitting down there, she had to swallow this.

In fact, when he talked about this, many bigwigs were still pondering the well-off "cloud blockchain" plan.

This so-called cloud blockchain, if it falls into the hands of the big money circle who is issuing air coins, it will simply issue high coins, and it is impossible to anchor with anything, because once anchored, it will lose the space for speculation. To swim in the blue ocean of imagination, you can only fight in the red ocean of equivalent exchange.

Why can it be sent to high? Because it is landable, at least logically speaking, the premise of course is that it must be able to run through technically. And the big guys in the currency circle issued air coins because they couldn't fall to the ground, not that they didn't want to find a point of strength. Anything that can fall on the ground may definitely have to fall, because it can play more.

For example, Chu Yuanxi once wanted to recommend Dai Wei to observe and refer to the "Tro Step" which was a forcibly implemented blockchain project.

This is a walking step-counting app. The level of software development is almost beyond the horizon. At one time, the app must be opened to count the steps, and it is possible to increase the number of steps by shaking the arm instead of walking. If an ordinary app is deleted by the user every minute.

But it is not only in the name of the blockchain, but also as a capital market. The above-and-offline model is used for ground promotion. Users can complete tasks and get coins by walking. This strength is very impressive. We must know that in the heavenly dynasty, the iron throne of the earth push is always monopolized by projects in the form of online and offline. Whether it is the nectar source in the past, the current step, there will be endless similar projects in the future.

Therefore, the block chain was forced to fall to the ground, although its block information has no relationship with walking. Moreover, the effect of its landing is very shocking even in the online and offline mode. A such bad APP appeared at the end of 2018. It only took three months to obtain 20 million DAU, and then it was barely self-consistent with a set of The logic of starting to speculate in coins, to lure more people to realize the dream of getting rich, has intensified today on March 14, with countless leeks recorded.

But most of the air currency bigwigs don't even have this kind of awareness. Their concept of the project is still on how to package the white paper, so they can't find the environment for landing.

For example, consider such a project-the first blockchain-based fairy yeast community in the history of the Internet.

The promotional material reads as follows: We will develop a brand new chain. Every yeast coin generated on the chain can be bound to a little fairy. The little fairy is randomly drawn based on the face-squeezing function of artificial intelligence, and has the ability to grow by itself, and can realize operations such as dressing, changing and removing makeup through the superposition and separation of currency values. With the development of technology and the prosperity of currency, every little fairy will eventually grow into a fairy yeast with full-chain beauty capabilities on the chain through deep learning. Therefore, the U.S. value of Yeast Coin is difficult to estimate, and it has a great value-added space.

This kind of promotional material is simply a new wind, at least it does not seem to be completely air, even the air is relatively fresh air, which can kill 99% of the air coin projects in the coin circle.

However, if the description of Xiaokang's blockchain project is put outside, Fairy Yeast has nothing to say about herself! Those who have experience in investing in the currency circle do not need more than one second to judge this kind of thing.

This is why so many people came today. In other words, it is precisely because Yuan Jing let out the wind that there is a blockchain project that can be implemented here, and the technology is strong and the posture is perfect, so many people have come. The perfect blockchain represents money, fast money, fast money brought by a large number of leeks!

Only after Chu Yuanxi explained the overall plan for Xiaokang, the big investment leaders who were interested in issuing coins felt a lot of vacillation.

Because Xiaokang's blockchain is indeed very good, but Chu Yuanxi has already decided not to issue coins, although it may be "really fragrant" in the future, but no matter how it looks, it is different from the blockchain they are familiar with. All projects that issue air currency must be asset-light. How can we return to “community-based operations” if they are not asset-light assets? How to run away without returning to socialized operations? With such a heavy asset as well-off, playing blockchain is really different, and the cost of running is so high!

In this case, whether to issue coins or not really has to be considered. Otherwise, if you earn 1 billion by issuing coins and cutting leeks, you will lose the 3 billion heavy assets invested in the front. Wouldn't it be a big joke?

Therefore, in the minds of these investors who are keen on blockchain investment, the status of well-off is quietly changing. Before they came, they were full of confidence. After sitting for a long time, they felt unclear.

But in the hearts of another group of investors, the evaluation of Xiaokang or Chu Yuanxi, who made the decision, is even higher. This is a person who does practical things! It's just that what Chu Yuanxi wanted to do was not a seed wheel or even an angel wheel, so she listened very well.

Just listen to Chu Yuanxi’s words: “I’m not just talking about the goal of a well-off society of 300 billion in the future. It has been calculated through a lot of calculations. Of course, it depends on whether the work is done. I’ll talk about my ambitions on this occasion. First, mobile payment. The difficulty of mobile payment lies in its promotion and the spread of payment portals, but in the final analysis, it still lies in whether it will become a national-level application.

In this regard, UnionPay is pushing their cloud QuickPass, and Goudong is also pushing Goudong Finance, but it seems that it is difficult to escape the suspicion of burning money to subsidize users. This is a very bad promotion method, because once the subsidy is over, users still use WeChat and Alipay. Xiaokang’s mobile payment will never subsidize users. It depends on our endogenous nature, our online content and currency internal circulation to mobilize users’ enthusiasm for using Xiaokang payment. This is also an area where blockchain will play a role

In fact, I have already talked a lot about this aspect today. I will use the idea of ​​creating traffic to promote the well-off. I am professional in this field. The specific method will be kept secret for the time being. It is like planning an event or a celebrity on Weibo. It cannot be disclosed in advance. It will not work if it is said in advance.

The second is to develop into a large user platform. APP is not only used as a software for trading transactions, but also provides rich online and offline content for users to create a full-stack living environment..."

Chu Yuanxi didn't say social, because he didn't dare to say. Socialization must be kept secret, even from the development team. Before the development of social functions, only Yuan brothers and sisters and Liu Lu knew about socialization. If it is exposed in advance, it will cause problems in the spread.

But even so, there are enough things to explain today. Starting from the four core systems, logistics, management, membership and content, and even reveal a little trace of online content. The main reason is that the recruitment has already begun, and the specific links of online content can be concealed, but its existence cannot be concealed. Otherwise, why are so many AR developers recruited? Those who are interested can certainly deduce what kind of functions a well-off society should do according to the diagram.

So simply and openly stated that we want to use online content as an important user tool.

The essence of entrepreneurship is to burn money efficiently, and the essence of the financing road show is to explain how you will burn money, so that people feel that the money is burned right, the value of the burn, and the efficiency is high!

By the time he finished this round of awesomeness, Zhu Yan was already asleep in the audience. She held her eyes forcibly, regretting to die in her heart, saying that this fairy shouldn't have this moth, now she's miserable! Chu Yuanxi begs you to quickly collect magical powers! These big guys are really fine too, are none of them sleepy?

Of course, no one is sleepy. When facing real money out of pocket, they may reap dozens of times of profits, or they may lose their money. No one will be sleepy.

Soon, a pair of ears stood up, and only Chu Yuanxi said: "After all that, let’s talk about my goal. My goal is to raise a round of financing for Xiaokang in August. The goal is temporarily set at 3 billion yuan. Valuation, I hope you will follow up at any time and make an accurate judgment on whether it is worthwhile."

"That is to say, if you invest 100 million in, you have to get 1.5 billion back in half a year, right?" Lin Jian chuckled. The current equity structure of Pakistani people is 100 million paid-in capital + 100 million team options, so after half a year according to this plan, Chu Chu The 100 million Yuan Xi invested will become 1.5 billion.

"Is this a lot, Mr. Lin?" Chu Yuanxi felt that she was still wronged, and she said to her heart that you didn't know that when I talked to Yuan Jing and they said that starting from one billion yuan, they were talking up? "Think about it, the initial paid-in capital of Pakistani Entertainment was only 4 million yuan, and the team was all grassroots freelancers. Six months later, the pre-financing round A was valued at 1.5 billion. I invested 100 million in cash. The team is either an industry elite Either a well-known scholar, just pulling one out can cause shocks in a certain industry. Is the A round valuation of 3 billion high?"

"But your number is too big. You are cutting meat from us! When you were financing the Pakistani people, I knew that the first mobile game was launched, and the number of fans on the self-media account has increased, and the IP is also In the process of shaping, all of this will be able to see the actual results. It is estimated that 1.5 billion is not much."

Lin Jian spoke very skillfully and attracted many investors to whisper in exclamation: "The DD of Dadu Ventures is detailed enough!"

"That is, don't look at what Lin always did?"

"Yes, yes, is 3 billion in Series A too high? When Xiaomi made the second round of financing, the valuation was only $1 billion, and the exchange rate was only 6, which is half of Xiaomi's rhythm..."

"Don't tell me anymore. Xiaomi's current market value is only 200 billion yuan, and the lowest is 300 billion yuan. I don't think half of Xiaomi is high."

DD is due diligence investigation. Chu Yuanxi said that you are special and the reason behind the result is that 1.5 billion is not much. If you think there are not many, I will eat the projector! It's a pity that his **** Li Jingfei didn't come today, otherwise it would be fun to encourage Li Jingfei to fight with Lin Jian on the spot.

Just listen to Lin Jian continuing to say: "But Xiaokang, can investors see similar results by August? Convenience stores are not self-media, and you can see results quickly."

"Well, I am not a person who likes to be full of words. Usually I think that when I can achieve 100%, I only use 80% instead of 120%." Chu Yuanxi said that after seeing the actual results, you still want to press 3 billion invested? What do you think? Only at the stage of (xu) and (yao) not (hu) decided (you) is there such a cheap price!

So he pondered for a while and said, "So I can only say that August is the most suitable according to my schedule, and September is also OK, and October will be a little late."

Xu Xin interrupted: "Then what if you don't get financing smoothly?"

"Sister Xu." Chu Yuanxi shook her own tune, and said honestly: "In fact, the Baren Group's cash can completely cover the three rounds of financing of Xiaokang ABC. I finance myself without having to find others. The amount of these three rounds of financing Add up to more than 5 billion, you know what I mean.

I am thinking that the sustainable development of a well-off society cannot be separated from the support of the capital market. If you want to complete the grand plan and reach the expected height, it will take several years to burn money. So I am willing to make money, so I am willing to make more money. Many benefits come to share with investors, especially when the valuation is low. "

"Okay, that's pretty good." Xu Xin took the microphone, stood up, turned halfway, and said to the investors behind him: "The one thing I like about Xiao Chu is ~www.ltnovel.com~ no matter how much you open it (bu ) You can say lian with (yao) frankness, so there are often surprises. Then I don’t know if you have thought about the following question-if your financing goes well, when will you plan to go public?"

Chu Yuanxi hesitated. If you follow the urgency of ordinary investors, such as the well-off investor groups in the original world, the sooner the market is, the better. At least at this stage, investors are definitely willing to go public. Only when the company develops, they can definitely see With a good prospect, it will be reluctant to sell. The more the market is at night, the fuller the market value will be.

But let’s not say that those present today are all top investors. Most of them belong to large investment institutions. There are also big names like Xu Xin and Lin Jian who have been famous for many years. So Chu Yuanxi intends to say, “You just emphasized one The condition is that the financing goes smoothly. I think we can not go public when the financing has been going smoothly, at least not in a hurry to go public."

After speaking, he glanced carefully, and sure enough, the big guys like Lin Jian and Xu Xin didn't say that they were happy, but at least there was no adverse reaction. Instead, some small guys showed obvious puzzled looks.

Therefore, without waiting for them to ask questions, Chu Yuanxi went on to say: "I think about it this way. Compared with a listing, unlisted companies do not consider the benefits of investors who leave the market. From the company's perspective, it is nothing more than mergers and acquisitions through equity. , But it’s not totally impossible. Just such a shortcoming is not a big problem for me.

So what are the drawbacks of listing? Although a company may not immediately meet the ceiling when it goes public, it is not easy to increase it by 20 times, and it is even more difficult to turn somersaults as fast as the venture capital stage. why? Presumably everyone knows that the PE system is used for valuation after listing. "

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