Chapter 376: ? Valuation over 100 million

"Angel wheel, 20 million, 49. If you can, please sign on this. It will be credited soon after signing." The students' impassioned speech did not make Pei Qianlong's blood warm a little.
"49 is too much, we can use up to 30 financing."
The first investment is the most difficult, it is impossible to not bleed, but how much is also a problem.
The investment and financing of entrepreneurial projects can be simply divided into seed, angel, round a, b, c, and d according to different time points of the project. In actual operation, it can also jump out of the traditional investment and financing order, of course, this depends on the different operating stages of the project And investment value.
The seed is simple, but there is nothing. If you can flicker, you can give money.
The angel wheel has a prototype in the project, with the first business model, and has accumulated some user resources. The investment amount is generally 1 million-10 million, and the project valuation is about 50 million yuan.
There is also abcdefg..., as long as someone casts, it is not a dream to cast Z round.
The shareholding ratio of angel investors generally does not exceed 30.
At present, there is no formula to calculate company valuation for seed round and angel round financing. This is the true "estimate" value. Because your product has not yet been launched, or there are no users, or the value of users has not yet been reflected.
In short, in the seed round and the angel round, even the founders do not know how valuable the entire project is, and investors do not understand the value of the project even more.
David also didn't know how much his project could be worth in the future.
But he is confident and feels that it is absolutely impossible for 20 million to take his 49 shares. Isn't that a joke? You are the old demon from Black Mountain.
However, even if he is more confident, he still faces a practical problem: the strong demand for funds in the initial stage and the limited valuation of the company at the initial stage of development, they will suffer greater dilution of equity in rounds a, b, c, and d...
This is inevitable.
In fact, any entrepreneur has to go through this stage.
Just lie down, don't struggle, just behave, you are struggling too hard, other investors may just pat their buttocks and leave.
In the final analysis, there is still nothing.
If you feel that you are losing money, why don't you think about risks for other investors?
"49 is too much, we can use up to 30 financing."
David repeated it again, and his friends held their breath, adding a somewhat solemn atmosphere to the scene.
However, Pei Qianlong just pursed his mouth and sat there quietly.
He did not speak, but looked at the students calmly.
Obviously everyone seemed to be of the same age, but a few students felt the embarrassment of seeing their parents when they were young.
"If you take away 49 at once, no one will still be willing to raise funds in the future." David quickly found another reason. He could not let investors go away, but he could not be too humble.
"Thirty million, 45, this is my bottom line." Pei Qianlong finally spoke.
The voice is slow, but it has unquestionable magic.
Frankly speaking, if you compare it to psychological tactics, a hundred Lin Dongs combined will not be as good as Pei Qianlong.
Of course, Lin Dong has money, he only needs to play money tactics.
"40, at most 40, we have already made concessions. This project will definitely succeed in the future. We are different from those grass-roots teams." David finally failed to refuse the funds under his nose.
If there is no more funds, they will go bankrupt.
In this case, the prospect of the project is useless.
It's rare to meet such a generous local tyrant. If you don't catch it, can it be that those so-called investment crocodiles who hold several million or even hundreds of thousands will occupy more than a dozen or two dozen.
In fact, few people in the angel wheel sprinkled thirty million in one go.
Ten million is at most.
Those investment companies that operate normally in the industry generally invest in hundreds of projects in seed rounds or angel rounds each year, each of which only invests a few million yuan.
Of these hundreds, ten of them can enter a round of financing. They can burn incense to pay off.
"Twenty million, 40." Pei Qianlong couldn't keep backing. He accepted the 40 share, but he cut his money.
Several students looked at each other.
Finally, David stood up to sue, and took a few partners to the bedroom to discuss.
They discussed it very quickly. After all, David took the majority of the project, and the other four partners only cooperated, and the proportion was very small.
"50 million, 45 share."
Obviously, the charm of money is still great. They want to do too much and need too much money.
Twenty million is too little.
Not necessarily enough for them to burn to the end of the year.
If it fails to burn, the project will be completely finished, and it will be meaningless to keep 45 shares.
Therefore, they originally talked about the share of 40, but now they have used an extra 5 in exchange for more funds.
Money is really easy to make people's heads hot.
After all, if the other party can spend 50 million to buy their 45 shares, what does this mean?
This shows that their project has been valued at over 100 million!
This is just an angel investment.
No matter how confident David and his friends are, at least at this stage, more than one hundred million is enough to shock their young hearts~EbookFREE.me~ David’s family conditions are good, but he has never been in contact with so much when he grows up. money.
As usual, Pei Qianlong was silent for a while, causing David to be up and down, thinking that he was going to refuse.
Then he nodded slowly: "Deal."
Re-find the contract, discuss the details, and also talk about my views on the project.
Only then did David understand that the person in front of him was not a temporary intention, nor was he a master who could fool around casually.
He is smart.
As for Dalong Technology, they have never found out anything famous.
And Pei Qianlong was secretive about his identity, making them feel like they were on a thief ship.
However, Dalong Technology has everything, and the phone number of the Work Injury Bureau can also be checked. They have no way of doing this.
Pei Qianlong didn't even give out his mobile phone number.
Just leave a fixed line.
Say you can make this call during work hours.
The second goal is a girl named Hu Wei, and the worship technology Co., Ltd. which she only founded in January this year.
Unlike David’s second-generation son who also attended Peking University, Hu Wei graduated from a three-year college and worked as a car reporter for ten years. At the beginning, his monthly salary was only 3,000 yuan, excluding rent and daily life. There is very little overhead left.
The year before last she went to the United States to participate in the Consumer Electronics Show. She saw the hope of high-tech cars. She wanted to persuade her boss to open a new section "Automotive and Technology", but was questioned "Where does the advertising revenue come from".
Angrily, Hu Wei decided to go it alone and founded a new automotive technology media in 2014.
This year, she has been immersed in the travel industry for ten years and saw the bright prospects of shared bicycles.