Even with the above benefits, Chu Yuanxi still feels that it is a big loss to directly dilute the equity, after all, he is ready to make a profit, so he will use high profits to gamble. However, there is a bet on the bet. Since Chu Yuanxi opened his mouth widely, presumably the bet he took out was also extraordinary.

Yuan Jing knew that today's most valuable content would be presented to him, and he unconsciously held his breath.

I only heard Chu Yuanxi say: "If the total operating net profit cannot reach 200% of the previous valuation of the A round in the next three years, assuming that the valuation of this round is 1 billion, and the main business will not earn 2 billion in the next three years, the founder team promises to compensate investors for 40% of the equity before this round of financing." ”

Yuan Jing said: "You have already communicated with other founders?"

"No, but my personal stake in Baren Entertainment is exactly 40%, and there are 10% options, and I have the ability to cover the loss. However, it should be noted that I am talking about 'operational' net profit, that is, dividends will not be affected, and foreign investment will not be affected regardless of losses, but if the target of the merger and acquisition belongs to the main business, it needs to be counted. ”

Yuan Jing sat at the table.

A high bet means that everything taken out on both sides is high, and it is impossible for Chu Yuanxi to take advantage of all the benefits, and it is impossible for him to be invincible.

Chu Yuanxi's meaning is very clear, that is, as long as the money earned or lost through normal business activities is counted in the statistical caliber, the money earned or lost through "non-business activities" is not counted, and the money earned from business can be distributed without affecting the statistical caliber.

It is easier to understand the expression: even if Chu Yuanxi takes out all the money he earns to buy a house, and then the house price plummets, it will not affect the completion of the VAM, because buying a house is a non-business activity.

This condition is easy to understand, in the betting, the investor needs to see the earning ability of the Ba Ren Entertainment, as for the poor investment is another matter, not something that must be concerned about in the betting.

There is nothing wrong with this, the question is the number that Chu Yuanxi promised! Assuming that the pre-financing valuation is 1 billion, the operating profit and loss he wants to complete within three years is a net profit of 2 billion yuan! If he wants to make a small profit of 700 million yuan a year and a net profit of more than 50 million yuan a month, is this possible?

It seems possible to write 7 popular knowledge sharing articles every month......

That's a big bet. Yuan Jing quickly calculated that this promise is quite stable, the investment of 200 million yuan will either increase to about 800 million, or get 56.6% of the equity of Baren Entertainment, how do you look at it, Baren Entertainment is more than 350 million, you must know that after the headlines pushed "Out of the Mountain in Troubled Times", he was ready to accept the valuation of 1 billion when he came.

It seems that as long as Chu Yuanxi does not launder money and does not hollow out the company, it is cost-effective. It's just that he just doesn't know where Chu Yuanxi's confidence comes from? Is it because Allin can open up money laundering without psychological burden? Is Emperor Zixin overconfident?

Chu Yuanxi was actually sighing, blaming himself for being too salty in this world, not high-spirited, and making Boss Yuan, who was so high-spirited in the original world, actually look forward and be cautious for such an investment, sins, sins! Where is your confidence?

People with "ambition" may say at this time: You are so awesome? Then I won't earn your money, good luck to you. In fact, this is not ambition, it is qi.

Inexperienced people will lose interest because the loss ratio is not ideal. They are interested in investments that can make hundreds, thousands of times, and only gain experience when they lose hundreds or thousands of times.

People who are not confident will repeatedly calculate the loss ratio to ensure that their investments are always earned. In fact, what they calculate is what they can see, and the reason why the trap is a trap is because he can't see it. The most likely to be cheated is this kind of person, who doesn't know that free things are the most expensive, and don't know that "no matter how you look at it, you won't lose" is the source of loss.

Yuan had all three of the above characteristics before, and later became professional under her brother's tutelage.

The Microsoft interview question "Pirate Score Gems", which has gone viral on the internet, is the most telling thing. Five extremely clever pirates are divided into 100 gems of the same value, the pirates first order, and then put forward the distribution plan in order, more than half agree to divide according to this plan, otherwise the person who proposes the plan will be killed, and the next one will continue to propose the plan. The question is, what about Pirate 1's plan?

The optimal allocation scheme for No. 1 is theoretically to give yourself 97, No. 2 not to give, No. 3 to one, and No. 4 and No. 5 to have two for someone and the other to not. Number 1 himself will definitely agree, one of the 45 will agree, and Number 3 will agree.

The problem is that if you change to an ordinary person to do No. 3, you may not agree, not only will you not agree, but you will be angry.

But Yuan Jing would definitely agree when he was No. 3, his state of mind had long been beyond ordinary people, which Chu Yuanxi knew very well. He will not be discouraged, nor will he miscalculate the mathematical expectation of dozens of times the return because of the temptation of hundreds or thousands of returns, let alone fall into the trap of loss.

But now, he is limited by the bad investment status quo, and now he can't vote Didi, can't make headlines, or even vote for Pinduoduo. If Pinduoduo hadn't been for the efforts of investors, it would not have been able to develop so much, but that's another story.

Seeing that Yuan Jing was deep in thought, Chu Yuanxi stood up and walked around the small tearoom twice before saying: "It is impossible not to make a bet, it is impossible to invest 200 million, accounting for 16.6% of the enterprise with a valuation of 100 billion." Although this is only a hundred times the profit, it seems that venture capital is not very outstanding, but investing 2 million to earn a hundred times and investing 200 million to earn a hundred times, not the same 100 times. ”

"That's what I said. Yuan Jing didn't raise his head, his head was facing forward, staring at the needle tip in front of him and said, "You must know that the expansion basically comes from inexplicable self-confidence, and you shouldn't be inflated now......

"Hahaha-" Chu Yuanxi laughed heartily again, "Reasoning with you and you think I'm inflated, then if I say to you: Let you invest in Ba Ren I will take you to make money and take you to fly, and let you find the right exit for funds in the cold winter of capital, will you take it as a push?"

Yuan Jing smiled bitterly: "The question is, do you think it is too easy to make money? What gives you the confidence to make so much money?"

"Vision!" Chu Yuanxi pointed to his eyes: "Looking at people's eyes, I can see that your brothers and sisters, and Li Jingfei are people worthy of cooperation, and I can see that Uncle Sheng, Zhu Xiao and Jiao Tu are people who can help me get things done." From a perspective on things, I can see that "Screaming Anchor" did not end well, and I can see that there is potential in snow sports. Looking at the market's vision, I don't need to brag, I started with 4 million, and in five months I got a company with a billion valuation. Even if I don't have self-confidence, you should have faith in me!"

As he spoke, he walked behind Yuan Jing and said angrily: "Look at your current appearance, like the head of a 10-billion-level fund? Do you look at a company that doesn't look at what the goal is, doesn't look at where the ceiling is, but looks at the current valuation? You don't even have the courage to pat your head, and you are not as good as an individual investor like Li Jingfei! What is the most important thing for an investor in your heart? Tell me!"

"Yes...... Brave. Yuan Jing lowered his head deeply, this is what he said after he finally invested a large amount of money after 08 years, and it was rumored to be a model of zhuangbility in the investment circle for a while.

Fan Li, a famous minister in the Spring and Autumn Period, helped the Yue King Goujian to get the Wu State, took Xi Shilang to Shandong Dingtao, called himself Tao Zhu Gong, and then began to do business.

At that time, Yuan Jing also relied on the courage of the critical moment to bring Zheng De from an obscure small fund to a scale of tens of billions, and his prestige was in full swing, so he was in Zheng Dezhong.