Chapter 506: [4th generation Azure phone released this year? 】

"$ 70 million, we want 40% equity and a veto, and follow-up financing. As long as you lack money, we will support your development."
When he heard Cao Yi's request for a veto, Zhang Yiming finally calmed down. The headline also adopted the AB share system with different rights, which was a trend brought by Bluestar Technology Group.
Almost all Internet startups now play this way.
Precisely because of the different ownership structure of the same share, Cao Yi said that Zhang Yiming would take 40% of the stock, and he didn't care about it. Besides, the current size of the headline plus the investment amount of 70 million US dollars, the headline is cheap.
But a vote of veto is a very sensitive issue, which involves control of the company.
The negotiations between the two parties are not as smooth as before. Zhang Yiming is very reluctant to take out this veto to share with VC. As Luo Sheng said at the IT Forum Summit the day before yesterday, capital is short-sighted. Zhang Yiming deeply agreed.
No matter how good the investor is now, capital is capital.
Cao Yi said bluntly: "To be honest, I do n’t invest in the headline, but you, Mr. Zhang. You rejected the blue star technology and the giants of Ali, almost all the VCs except me Maybe I will also be rejected by you, and few people should think you can laugh to the end. "
"Objectively speaking, this is a very risky investment for Anaheim Asia Technology Venture Capital. Bluestar's AI technology and Luo Sheng's layout in this field can easily develop more outstanding than the current headlines. Intelligent push algorithms to provide users with content of interest. "
Zhang Yiming couldn't refute this statement. Wang Qiong had brushed his face and brushed back more than 20 friends in the investment community, but at last he couldn't make it.
Every investor finally asked the same question: Headline rejected Bluestar Technology. How can the headline that is still in the incubation stage stand out from the bluestar technology?
Zhang Yiming could not give the answer, or the answer was impossible.
Those VCs didn't even fight for a veto like Cao Yi. After asking this question, they passed directly. VCs were really unsure.
In fact, there is nothing wrong with VC. Once Bluestar Technology has exerted its power, the headlines that have not yet become a must are undoubtedly dead.
Fighting money with Bluestar Technology?
Giants like Ali and Microsoft are all embarrassed. What do headlines take to compete with such rivals?
Can only rely on VC blood.
Obviously, such an investment risk index is explosive, but any sane investment institution will say NO.
Wang Qiong, who was sitting next to him, sighed, Zhang Yiming narrowed the road and narrowed himself. The thigh headline of Blue Star Technology was just around the corner.
But then again, if Zhang Yiming did this, Wang Qiong would not appreciate and support him as much as he does now.
In the end, Zhang Yiming compromised and took a step back.
The headline did not have too much negotiating capital, so it agreed to share a veto right with Anaheim Technology Venture Capital Fund, but at the same time also won a transfer of less than 10% of the equity, and only 70% of the $ 70 million transfer. The stake, as well as the veto right, requires a five-year closure period.
That is to say, the inclusion of this additional clause in the shareholder agreement means that this veto will not be exercised until 2018.
The reason why Zhang Yiming proposed this additional clause was that during the startup stage of the company, he needed absolute control to ensure that the company could develop according to the blueprint he planned.
This is the final concession, otherwise it would be better not to invest.
In this regard, Cao Yi pretended to fight for a while and chose to make concessions, and agreed to Zhang Yiming's additional requirements, but he was well aware of the tasks given by the headquarters, how much equity is secondary, and a veto right is the core of this task.
Zhang Yiming was not too stubborn. Although this vote of veto was precious, only living today can have tomorrow.
But this is also the only one-vote veto. In the future, Zhang Yiming will never share it with the second VC. Anyway, Anaheim Asia will continue to lead the investment, which is to be written into the contract.
If you share too much one vote of veto, the hidden danger is too great. Once you encounter a disagreement with VC, you will be given a vote of veto. If you are satisfied with that dissatisfaction, you will be given a vote of veto.
The company cannot grow normally.
Haina Asia also continued to invest US $ 5 million, so the headline B round of financing was two VCs, namely Anaheim Asia Technology Venture Capital Fund and Heine Asia Venture Capital. A total of 75 million US dollars financing gave headlines Current valuation of $ 230 million.
"Things have been settled, so I should leave. Tomorrow I will send a team of lawyers to sign the contract. Three days after the contract is signed, 75 million US dollars will be remitted to your designated account on time."
After speaking, Cao Yi got up from his seat and left after completing the task.
...
A week later, the Tech Complex.
"Cao Yi completed today's headline B round of financing and successfully obtained a vote of veto, but with a five-year closed period." Qin Weimu came to Luo Sheng's office to report his recent work.
"The five-year closed period doesn't matter, as long as you have this vote of veto, it is the most important role of a veto if you don't use it." Luo Sheng was also very happy to learn that the headline and Zhang Yiming were done.
The greatest significance of this vote of veto is that in the future, if there is a conflict with Zhang Yiming, you can use one vote of veto to discuss the conditions with the other party and force the other party to agree, otherwise I will vote with one vote and I cannot advance one Proposal, but I can veto against the passage of any proposal with one vote, and you must compromise.
"In the future, if Zhang Yiming knew that the veto was pinched in your hands, it is estimated that he would be surprised by this ... It might be so angry that he could curse at the street." Qin Weimu could not help laughing and laughing, why he refused to attract the giants In order to get rid of the giants, I did not expect to eventually jump into the pit.
"Haha, this is a shopping mall. He doesn't want to be my employee. In the end, he still has to be my employee and work for me." Luo Sheng said cheerfully, with this vote in hand, the future development can be assured. It is possible to expand the headline and even realize it through cooperation with Bluestar Technology. Anyway, it is already my younger brother who is in control.
"By the way, how is the preparation of this year's Shengfeng Capital Global Technology Venture Capital Summit?" Luo Sheng skipped Zhang Yiming's question, and the headline has been put in the pocket and put in the bag, so there is no need to worry too much. .
Shengfeng Capital Global Technology Venture Capital Summit is an annual technology investment event. The conference organized by Shengfeng Capital is held on March 22 every year as scheduled.
This year is the fourth one ~ EbookFREE.me ~ Everything is going well, and I am about to tell you about this. "Qin Weimu said methodically:" In the past year of 2012, Shengfeng Capital invested a total of 278 start-up technology companies worldwide, with a total investment of 18.9 billion US dollars. According to your requirements, 12 start-up companies have been selected in popular areas such as artificial intelligence, cloud services, and IoT chips as the key exposure targets of this investment summit. "
If Blue Star Technology and the French Riviera are the core of the double helix structure that supports Luo Sheng's technology empire, then the significance of Shengfeng Capital's existence is that he vowed to create a solid technology moat for his technology empire.
Shengfeng Capital only invests in companies related to the technology sector. The startups it invests in are basically to serve Bluestar Technology and the Cote d'Azur. The purpose is to build the future supply chain system for these two technology giants.
2013 is a very crucial year for the global science and technology circle. The beginning of the year is the battle between the two major domestic giants of the technology Internet. It is also destined to be a year of AI fever. At the same time, the fourth generation of smartphone products will also be released on the French Riviera this year. Everyone is struggling to sing a good show.
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