Chapter 481: Please be a man

Chapter 484
Then there was the shared bicycle project. Before Pei Qianlong took the initiative to find the door, one of the three shared bicycles came to worship.
No money.
Shared bicycles don't seem to cost much.
In fact, there are more places to spend money.
Smart locks need to be researched and developed, and it's not just that they can be switched on and off. You must integrate the chip, GPS module and communication module, and also implement electronic billing and payment.
Several doctoral students in the field of robotics were invited to worship. They spent a lot of manpower and material resources. After several generations of research and development, they finally decided to launch.
The bicycle itself must also be of high quality, otherwise it will not be able to meet the multi-frequency and high-intensity use.
Shared bicycles must be technically better than ordinary bicycles in terms of hardware configuration.
Generally, bicycles are particularly prone to damage. The tires need to be inflated, the chain falls, they are prone to rust, and require a lot of energy to maintain.
In order to solve these problems, Hu Wei invested in making bicycles by herself.
The money was spent like running water, she became the first of the three to have no money, so after nine months, she contacted Pei Qianlong again.
Li Ding also went to the appointment with Hu Wei.
That is, 1.45 million was cast in the seed round, and another 10 million was added to the angel round, which currently accounts for 15.2%.
Now that A round of financing is to be carried out, he will naturally also be present.
"These are the relevant parameters of shared bicycles..." Hu Wei laid out everything one by one.
"I rode." Pei Qianlong didn't look at the parameters.
When Worship Cycling began to be implemented in the capital, he tried it out immediately.
In fact, he has visited the three shared bicycles that he invested in. In general, FOR is the best in the small yellow car market. Worship, that is, the small red bicycle itself has the best quality, as for the other one. Bicycle, it's somewhere in between, pretty good.
Currently, there are about twelve or three shared bicycle brands on the market, and these three are the best.
It's not that Pei Qianlong's eyesight is so good, he immediately selected the three with the greatest potential.
It is because he chose these three companies and tens of millions of dollars to go down, these three can develop the best.
If he chooses the other three, then the top three will most likely have to be replaced. You can only do things if you have money this year, but you can't do it without money.
"This is our market development plan. This is..." Lin Lin always took out a bunch of materials. Financing is such a serious matter, especially when Hu Wei wants to continue to increase the valuation.
Pei Qianlong checked very carefully.
Asked: "How much do you plan to raise this time and how many shares will be released?"
The release here is the same proportion. Everyone takes out their own equity in proportion.
If you don't want to be released, it's easy.
Just continue to take money in accordance with the rules of financing.
Valuation is a difficult thing to calculate.
To describe it briefly, take a Mala Tang shop as an example.
The valuation of the Mala Tang restaurant depends on: 1. The flow of people passing by my store every day; 2. The degree to which my Mala Tang is better than others; 3. How long does it take for passers-by to know that my Mala Tang is delicious; 4 The percentage of people who can accept malatang (some people don’t like spicy food by nature); 5. Among the above-mentioned potential consumers who know my malatang is delicious and just pass by and still want to eat malatang, they will actually buy our malatang The proportion of people.
Well, these are all methods to illustrate with data.
In short, it is how much money the owner of the project wants and how much share is willing to give.
Come if you are interested, go without interest.
"This time I plan to raise 100 million yuan and release 30% of the share. What do you think?" There is no need to hide the valuation. The higher the valuation, the three companies here make the most.
"A valuation of almost 300 million yuan, I think it's OK." Pei Qianlong nodded.
If 30% is deducted, then only 70% of everyone's hands will be added together.
Pei Qianlong originally owned 35%, multiplied by 70%, it was diluted to 24.5%.
Li Ting, who originally occupied 15.2%, was diluted to 10.64%.
Although the share has decreased, but the valuation has risen from 100 million to 300 million, Kleist's current 24.5% share has risen to 73.5 million.
From 35 million to 73.5 million, doubled, this is the charm of capital games.
Hu Wei's share, according to the current valuation, has become 100 million.
Become a billionaire in nine months. What kind of bicycles are needed?
Hu Wei was very satisfied.
She tried very hard to calm herself down, but she couldn't do it. Her mind was blank, her heart was beating violently, and she even suspected that it might jump out of her throat.
"Does Kleist have a more suitable capital friend? Pull in and do it together." Li Ding raised his glass, and he was much calmer.
He didn't care about this money.
Unless you can make a few hundred million, it's just a little trouble.
"On our side, the share remains the same, and 10.5% of the funds are invested, which is about 31.5 million, right. Do you have any ideas for the rest?" Pei Qianlong did not answer this question, but made his own request.
10.5% is not too much, but Hu Wei and Li Ding actually don't want to accept it.
Because of this pool, you must introduce more water sources before it can become active.
Otherwise, the three of them will play on their own, and who will estimate the valuation.
However, what Pei Qianlong wanted was to keep the share unchanged, and there was no need to increase the lion's big mouth. Therefore, this matter was barely kept within their tolerance.
Li Ting shook his head, he did not increase.
10.46% is temporarily enough for him. He never puts eggs in a basket. There is no need to compete with Pei Qianlong on this project.
As a result, Worship’s Series A financing removed Kleist’s 31.5 million, and continued to recruit 68.5 million of funds.
Worship Cycling is the second-ranked brand in the industry. After the open recruitment, several capitals such as Panda Capital and Joy Capital came up to divide it up.
Worship conducted A round of financing.
Naturally, OFO will not be idle, they spend money on the market, and the money is almost spent.
So Pei Qianlong just finished worshipping here, and he was invited to FOR over there.
Here is also the existing partners to discuss the valuation together, FPR founder David David believes that his own doing is better than worship.
So his valuation is 350 million.
Pei Qianlong has no opinion on this, and he doesn't care how much the valuation is.
Of course, David can't be too much. He also went through scientific argumentation, market investigation, and even consulted some investment institutions before he came to this conclusion.
Otherwise, no one recognizes your valuation, and it is equally useless.
In the little yellow car, Crest’s Dalong Technology invested 50 million yuan, accounting for 45% of the share, so Pei Qianlong proposed to make up the funds and continue to maintain the 45% share.
He did the same on the worship side.
Unexpectedly, it was opposed by David.
"If you dilute it out by 30% and you make up to 45%, wouldn't I have only 45.5% left. If this is the case, who is this company?"
Pei Qianlong was speechless.
Why is there such a big gap between entrepreneurs and entrepreneurs?
Don't say that I have not surpassed you in the A round. Did you know that I accounted for 35% of worship, and Hu Wei is now only 34.86%, which is 0.14% less than me. Why didn't people ask such a question.
In fact, David has the confidence to raise objections.
As a result, Kleist's share is indeed a bit too much. At the beginning, he gave 45% cruelty for funds, which is very rare in angel round investment.
Secondly, he had already contacted several capitals before, and the other parties showed their intentions.
If possible, he even wanted to kick the giant crocodile Klester out.
Although it is not impossible, but his loss will be very exaggerated.
You dare to play with investors in the angel round, and whoever dares to cooperate with you in the future will be rejected by capital in this life.
"Let's do it, no matter how we raise funds in the future, I promise that our Dalong Technology's share will not exceed yours. Is this always okay?" Pei Qianlong doesn't mind reducing it a bit.
45% is indeed too much.
As long as it is not less than 30%, he can accept it.
But David's attitude is really uncomfortable, so he is not used to this child.
The little power in your family, our family doesn't care at all.
"Pei, you also know that if the company wants to develop, it must bring in more capital. This is also of far-reaching significance to the entire industry. If you make up 45%, you have to give you 13%. In that case, Only 17% can be used for financing. This is not a big splash in the capital circle." David still can't accept the fact that Dalong Technology can surpass himself by only 0.5%.
At that time, Dalong Technology can combine any capital at will, and he can withdraw sadly.
"Mr. Dai, we are capital, not a company, and we have no plans to deepen the sharing economy, so you don't need to worry about our threat to you. Instead, you can use us as your strongest backing and we will help you defend the rear. "Pei Qianlong didn't back down either.
The two wrangled for a while.
Pei Qianlong became a little impatient, he had a lot of things, and in the afternoon he even made an appointment with someone over there to talk about investment.
"To make up the share, we need to spend 45.5 million, so let's spend 50 million. You can take care of the extra money," he paused and said slowly: "Actually, I think this is yours. The project valuation is a bit low, how can it be 350 million, at least one 800 million..."
David was stunned at first, and even wondered if he was really underestimated.
But he wasn't really stupid. He quickly understood the sinister intentions of the man in front of him, and almost broke into a cold sweat.
Your uncle, you are too vicious.
No, it's vicious!
Is this something anyone can think of?
Yes, Pei Qianlong is threatening him.
Aren’t you valued at 350 million? My major shareholder insists that you are undervalued.
There are many famous halls in it.
First of all, if it is really estimated at a billion, it is estimated that no one will look at this project.
After all, capital is not an iron head baby.
They know the value better than anyone else.
Secondly, Pei Qianlong can bite to death and say that David lowered the valuation for commercial fraud, underestimated the project, and then combined with other capital to encroach on his own share of interests.
If the valuation is 3.5 billion, the 13% of Dalong Technology's diluted value is 45.5 million.
If the valuation is one billion, the 13% of Dalong Technology's diluted value is worth 130 million.
Let's go to court, you embezzled my 84.5 million assets.
As for the final result of the lawsuit, it is not important. What is important is that this lawsuit can drag the FOR that is still in its infancy alive.
Of course, looking at the entire investment circle, no capital will play this way.
Normal humans would not do this.
After playing FOR, David lost only one project, and he could make a comeback by changing another project. However, Dalong Technology lost the actual 50 million yuan of Angel Wheel.
David looked at Pei Qianlong who was drinking tea slowly, and knew that he had encountered a ruthless character.
He put his arrogance back in, and said with difficulty: "Since President Pei is so optimistic about this project, then I will not stop it. According to you, 50 million will make up the share. In the future financing, You cannot exceed my share."
"Mr. Dai, we have a happy cooperation. I am really optimistic about the FOR project. You can let your hands go, and we will refinance if we are short of money."
Pei Qianlong didn't care about the rest.
It doesn't matter who enters the field, it doesn't matter what they deserve anyway.
This year, as long as he doesn't want to, no one can take even a coin from his hand.
After finishing the investment, Pei Qianlong went to Lin Dong.
When he went, Du Qixi had just finished talking about "Hearing Youth", and the contract had been signed. Pei Qianlong could perceive Lin's joy when he looked at Lin's expression.
He couldn't think of any joy in such a movie featuring music.
It's not bad if you don't lose, but you still expect it to make money?
It's just that he is not currently responsible for film and television investment, so he ignores all related issues.
"What do you mean?" Pei Qianlong said about the sharing of bicycles, but Lin Dong didn't figure out why the money he invested suddenly increased in value.
"We spent a total of 100 million yuan in the two rounds of financing and investing in FOR. Their A round of valuation was 350 million, which means that our 100 million investment became 157.5 million, and we made 57.5 million."
"What about the other two?" I was so flustered, what about UU reading www.uukanshu.com?
"Hey, the development over there is a bit slow. The A round may be in March and April. If we worship, we will invest a total of 66.5 million in the two rounds. At present, based on a valuation of 300 million, we have earned 38.5 million."
Then, Pei Qianlong joked again and seemed to talk about teaching David, but it was originally his vicious trick. After the retelling, it became a persuasive education for his righteous rhetoric, and he succeeded in embarrassing the other party to admit the mistake.
"Oh." Lin Dong's eyes were a bit dull.
This is only a few months, right?
Even worse than the bug I settled in advance.
If we say yes, we are just investing, and it will take ten or eight years to start making profits.
How come you start making money so soon.
And there are tens of millions of tens of millions of dollars in profit. Since it is temporarily unprofitable, how did the money come from?
(End of this chapter)