The re-birth money is rolling in

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XbiquGe.

CC, the fastest update of rebirth is rolling!

Weibo should make B-round financing news quickly spread.

In 2008, China's Internet companies can integrate less enterprises, and companies with large financing scale are fewer.

Weibo conducted a round of financing in the first half of 2008, and the financing amount is not a small number.

Sequoce, IDG, Baidu, Wihou Fund, four in cash 2.

$ 400 million, as well as some technical support, accounting for 20%.

Simply calculated in cash flow, the microblogging valuation after financing is as high as 1.2 billion US dollars.

However, there is more than 100 degrees of technology and channel support, according to the financing amounts of sewed and IDG, in fact, the Weibo valuation has been as high as 1.4 billion.

The last financing is successful, and now, it will not be half a year.

Weibo financing funds are converted into RMB and nearly 1.7 billion yuan.

According to reason, Weibo burns money is not so fast, even if the international version is online, open the global channel, and the domestic publicity and development of Weibo, less than 1.7 billion in half a year.

However, after the financing, Li Dong said it was good with the other party.

He has a 1.7 billion capital, he will use 1 billion, calculated, and the deadline is one year.

This money, Li Dong did not return now, at least to go to next year.

And 7 billion funds, tell the truth, sometimes it is really free.

Don't look at Weibo, it seems that there is nothing. Many people think that simple maintenance is enough, get a few tens of people, and will get wages.

700 million, spending for a lifetime.

But actually, some things, spend more than everyone's imagination.

Internet companies burning money, this is not an empty talk.

Others don't say, the light is to develop online, add domestic server, start the intelligent big data review, and the artificial team review ... This series of costs, burned more than 300 million microblogs.

And the rest of the money is burning in China.

Weibo users can break through 200 million, but it is not said that it is enough to pass the mouth.

The light is propaganda this piece, PP, Yuanyuan Gatenet, Yuanfang Mall, Star endorsement, ground advertising ... This series of moves, it is also to spend money, have to spend money.

Draw, not that simple matter.

Millions of registered users, it is not difficult, slightly propaganda, tens of millions of users, then we must publicize, the user is broken, that is not a simple list, there are many other things auxiliary.

Various activities, development of various new functions, as well as manufacturing some focus topics, which require operation.

The rest of the billions of funds will soon burn it.

However, whether it is Baidu or IDG, or seallon, it is actually satisfied.

What a few billion is burned!

Value!

When a microblog is financing, Weibo registered users just broke 100 million, and after burn a few billions, Weibo users exceeded 200 million!

Double!

Although the proportion of active users is slightly lower than before, users can increase 100 million, and these financing institutions can smile.

According to the current market for the value of the Internet, Weibo has a self-media platform, which is the most value of the user.

The relationship between enterprise valuation and user volume is square.

What does this mean? That is, the 1 million websites of a user and a website of the same type of users, their valuation is not 10 times, but the square of the square, that is, 100 times the gap!

The 100 million users of the company valued 100 million, and the company's enterprises can valuate 10 billion!

Of course, this statement is not absolute, but it can also see the impact of users on the enterprise.

Double Weibo users, I really want to follow this calculation method, the valuation of Weibo can be equal to 2 times, which is 4 times the valuation.

This is obviously impossible.

No matter what to say, only 700 million RMB, in exchange for such results, several investment institutions are naturally happy to find the north.

Now Weibo has no money, and the 10 billion yast of Li Dong did not expire.

Two rounds of financing seem quickly, and it is actually inevitable.

At least this time, the profitable means of Weibo itself is not much, mainly advertising revenue, this profit, burn the money, and it will not have more time.

As the international version is online, it is useful to continue to finance Weibo, whether it is sewing or IDG, including other two, is it.

If it is too strong in Li Dong, plus its own capital, I am afraid that he will mention himself, and several major investors should take the initiative.

For a new Internet company, investment institutions have a lot of words in financing.

In order to ensure the safety of their own funds, the investor is prior to the money, I am afraid it is advised to continue financing.

And from this side, until this time no one is mentioned, look at the books, not the money, it is not a spring, they don't want to know, it is said to say it.

Who Li Dong is? You take the initiative to mention this, he may be too lazy to see you.

If you have the ability, you will withdraw, you don't want to withdraw, so you have to listen to Li Dong.

He wants to finance, you can continue to finance, he doesn't want, you have to wait for the egg, or continue to wait for the old man, there is no third road.

Now Li Dong opens B-round financing, although the internal plan has not been released, a few investment agencies have brought people in the far side, and I want to hear how Li Dong said.

…… meeting room.

Xiong Xiaodong, Sinking in Shen Nanpeng personally brought the team.

Sex and IDG financing, all invest up billions of US dollars, this money is not a small number.

Now Weibo wants to finance B-round, they can not rest assured that people will come over, really want people to come over, then some things are not talking.

Li Dong came to compare, if there is an unacceptable condition, there is no difference between them, even the opportunity of negotiations.

The facts don't have a few people.

When they came, Li Dong held a meeting, and a meeting, the first condition made everyone unacceptable.

"Weibo, I am going to repute the total share capital and issue some share capital.

Before Weibo stocks were financing, the total share capital was $ 40 million, and the price per share was 10 US dollars.

Now the value of Weibo has risen, the international version is online, and the number of users is doubled, and the active month user increases by 70%.

I have given a roughly estimate of $ 2 billion.

So I am preparing to increase the new shares of 70 million shares, and the total share capital is $ 210 million.

Each share is still worth 10 US dollars, with a 4.2 million shares of stocks in the distance, sequet and IDG share of 14 million shares, Baidu holds of 1,000,000 shares, and maintains 2 million shares of Portion.

Li Dong said, looked at the people did not speak again.

According to Li Dong's statement, some people may have doubts, isn't it 200 million in stock? But now, according to the ratio, the total share of the total share is only 2 billion shares, and the remaining 10 million shares? In fact, this does not have to use Li Dong to point Ming, the remaining share capital, is an empty share capital.

These share capitals, according to the internal pricing, in fact, more than Li Dong's $ 2 billion in Weibo.

What is the 10 million shares to do? Option incentives!

Yes, the option incentives are not to be borne by Li Dong, nor a distraction in the distance, but everyone must bear.

It is reasonable to say that it is an industry rule.

Li Dongcou can purchase 10 million shares, which seems to have the same value of the share capital in their hands, and even relatively relatively far from this, the proportion of stocks in the hand is constant.

In fact, it is a big cheap.

10 million shares, according to Li Dong's tare, it is $ 100 million!

And this $ 100 million, now although it is not a money, it can not be sold, and it is necessary to wait until Weibo to go public, it is also to be in the total stock.

At that time, it is money.

It is now divided into $ 100 million, waiting for the listing, maybe hundreds of millions or even billion dollars.

Option incentives, and their investors have nothing to do, only to the distant employee executives.

A small amount of option incentives, everyone can accept because it is necessary.

Can be 10 million shares ... well, I really have to follow the ratio, it is not high.

Can Weibo value is very large, the internal impact is up to 10 US dollars per share, so, the value of the option of this 10 million shares is great.

Li Dong suddenly got so many stocks for his employees, and several families were difficult to accept.

A few of the bear's little pigeons look at the eye, half-hearted, Shen Nanpeng talent to smile: "Li, the share capital, we have no opinion.

Can you take 10 million shares to make an equity incentive, is it a bit more? "

Li Dong frowed: "How many? I can not be 5%, you said, how much is this ratio? Weibo now is not complete, the employee has not reached the limit, listening very much, wait until the last one How much can you share? I originally prepared to increase the total share capital to 220 million shares, so it is appropriate.

However, considering that Weibo is still not much, many executives are also more profound, in order to make you wrapping, so you have changed your plans and programs.

Now you have said more, is it bullied, Li Dong doesn't understand the market or how is it!

Domestic Internet companies, your investment is not a family, what is your own yourself? "

Li Dong said, everyone is slightly embarrassed.

As Li Dong said, 5% less than the proportion, it is indeed too much.

But because the value of Weibo is too big, it is a big loss.

Capital institutions are vampires, can take more advantages, naturally take more points.

But since I can't get it, then they don't say it again.

Li Dongzhen wants to force multiple allocation, they really have no good way to stop.

If you see it, you will not say this, and everyone is no longer talking about this. The bear is full of smile: "Li is always misunderstood, and Liu will work hard, and the employees are also very conscientious, and the option incentives are necessary.

Mr. Li has just said, we have no opinion.

However, I personally have a little doubt, I also want Li, I have to speak.

"You said.

"I heard that Weibo's option incentive plan, the scope involves the entire distant system, this is not ..."

The words of Xiong Xiaoda did not finish, but it was clear.

Weibo internal employees have an incentive, this is nothing wrong with it, and it is a person.

Can involve the entire distant system, isn't it to take their money? Is it to buy people with Li Dong? They are unwilling.

Private brothers, Li Dong again, take their money as old, good people, it will not.

Li Dong is expected to have an expectation, nor is it unexpected, and heard the words: "Weibo is the subsidiary of the Yuanfang Group, the headquarters, the execution of the option, etc. It should be."

As for other sub-groups, and the Weibo is indeed different.

I didn't say any free assignment, 10 million shares, took out 2 million shares, paid allocation, funding to Weibo, this is no problem? "

"The prize of this 2 million shares is ..."

"1!

Li Dong is straightforward, and everyone's mouth is not convacted.

The top 10 dollars before, it is only the embodiment of Weibo value, and the prize is actually the real equity value, or the net assets per share.

Weibo is still in the stage of investment, and companies are still in a loss. The fair value of equity is generally negative.

Li Dong said $ 1, nor is it too much.

In other words, these 2 million shares have been purchased by the distant employee executives, and a total of 2 million US dollars will be sold, and now the valuation is 10 times.

If you have internal employees in Weibo, everyone has nothing to say.

Can you do other subsets from afar? This is not clear, it is cheap!

Several people are somewhat dissatisfied, but I can't find any excuses for a while, because this is also an existing market, many companies are actually doing this.

Several people in Shennan once again regarded a eye, 200 million shares, not much, and far actually talked.

I really want to make this, the meaning is not big.

What's more, it is always allocated with all free, these 2 million shares, no employees from other sub-groups, Weibo it is also digested here.

Give a few more executives, they have no way.

Since the total distribution stock is constant, you can get 2 million US dollars back, it seems that you will not lose.

Everyone whispered for a while, and finally several representatives nodded: "Li's program we temporarily agree, but specific programs, you have to wait for us to go back to give resolutions.

This is, it is, in this consent, there is no way to go back.

The process is still going.

Li Dong didn't care, smiled and laughed: "This is best, and also congratulate all the industries, investing in the far industry, there is no reason not to make money.

Now Weibo, valuable 2 billion US dollars, not much.

This turn-on work, the benefits of up to 40%, but it has not been half a year.

When I was listed, everyone can earn a lot of money, this is a win-win situation.

At this time, the face was also slightly revealing, and the time I won't say for half a year, I did as Li Dong said, everyone earned a lot.

This is still a matter of premise in the financial crisis, many companies are crazy this year.

The far Weibo has not lost their loss, but the valuation is still rising, which is more happy than usual.

But this is not a focus, now talking about making money.

Everyone is not this today. As for the previous option incentive plan, it is the way, the real purpose is still in the microblogging B-round financing.