As a veteran entrepreneur, Elizabeth can't remember how many employees she has faced, from the bottom to the CEO level, because fraudulent companies need to change CEOs frequently.

But an interview like Chu Yuanxi, who intends to educate people, is really unimaginable.

"Are you worried about me, am I so untrustworthy?" asked Elizabeth, half-resentment, half-disgusted, but she couldn't walk away, a contemptuous familiarity that made her feel embarrassed.

"Haha......" Chu Yuanxi laughed heartily, "I thought you were more open than others, after all, I don't know how much sunshine is left in your heart." ”

"I just want to do something big now and prove myself to the world again, I'm not 35 yet, and I can still fight. I don't think about it as much as you do!"

"You've been the president for more than 10 years, so how can you not think about it more? ”

Chu Yuanxi said as he stood up and walked to the blackboard, drawing a horizontal line, writing the branch on the top and the subsidiary on the bottom.

"Well-off Southeast Asia, first of all, in the form of a branch, until you do a good enough job, I can agree to change to the form of a subsidiary, allow you to carry out capital operation, and even dilute the parent company, but the conditions and valuation must satisfy me. ”

"Are you really willing to let go?"

"Of course, I don't go overseas to control the world or control the economy of other countries, just to make money. As I have said, first govern the country and then level the world, my country has not yet been governed, and there is no need for transnational countries. ”

"And what about the conditions?" said Elizabeth, slightly urgent.

Chu Yuanxi has actually expressed his concerns and expectations to a certain extent through the question just now, so he directly went to the data: "Xiaokang, I said before that 300 billion ¥ passed, which refers to domestic, not overseas." So according to the overall volume of Southeast Asia, the degree of social development, the difficulty of localization, the sniping of local gate valves, etc., I think it corresponds to 30 billion. In other words, half of Grabi's valuation should be within five years of actually entering. ”

Elizabeth nodded solemnly, this valuation is about to catch up with the peak before her goofs, "I hope your 300 billion itself has not been miscalculated." ”

"Hehe, don't worry, my 300 billion is definitely a conservative estimate, but 30 billion is estimated by patting my head and has not been calculated. I also have key business models that aren't spreading outward, so a lot of people are waiting to see my jokes. You follow me, and after the full link is finally completed, I will tell you my core plan, and at that time, it is probably time for Xiaokang to start developing the core plan.

The relationship of interest between you and me lies in measuring ourselves and measuring the enterprise. In fact, what I'm most afraid of is that you will misjudge, and misjudge what the well-off can bring to the well-off Southeast Asia, so I talked about it so much before. So let me tell you about the specific conditions. ”

Chu Yuanxi said, writing 30 billion on the horizontal line, "I have repeatedly emphasized that the core business model of Xiaokang is the most valuable, if you agree with this conclusion, then, only the scale of 'Xiaokang Southeast Asia' reaches 30 billion, I think it fully reflects the value of this business model, so 30 billion is your independent financing condition." When it reaches 30 billion, the branch is turned into a subsidiary, and the head office no longer insists on a wholly-owned holding and gives you up to 30% of the shares as an incentive, but-"

Elizabeth said in her heart that you don't sell it, I definitely agree, if you don't approve, there will be no chat.

"First of all, the exercise of equity incentives, we don't have to set any conditions, as long as it is a valuation of more than 30 billion, someone is willing to invest, and you will be given as much as you invest, and the financing cannot exceed 30%. In other words, in the case of top-level financing, the company's shareholding drops to 7/13, which still occupies a simple majority. I believe that with the advanced business model of the well-off and your remaining connections, it should be possible. ”

"Yes, if it doesn't work, I'll look for a rich mine, according to your words, he has a mine at home. If it's really worth it, Google is definitely interested, and they dream of doing local living. Elizabeth couldn't have liked this condition more, and how to finance is what she does best.

"Don't be busy, starting from the second round of financing, Xiaokang must have the right of first refusal to invest and the right of first refusal, do you understand? I can accept the exit, but I can't accept the disorderly exit, the second round of financing Xiaokang has the right to ask the new institution to eat the shares of the well-off first and then increase the capital and shares of the 'well-off Southeast Asia'. If the valuation is too low, I may also continue to invest.

So, if after the first round of funding, you can't find new money to eat the parent company's share, then you may not be able to raise equity unless I don't sell. At that time, it was no longer a well-off wholly-owned company, and you and the investors who entered the first round were obliged to share when replenishing cash, and it was impossible for me to come out alone. Therefore—"

Chu Yuanxi paused here, "Therefore, the institutions participating in the first round of financing must be financial investments, cannot have board seats, and cannot be protected by ratchets." From the third round onwards, Xiaokang does not make any restrictions, and I can accept that the shares are diluted to a simple majority without exiting, just according to the normal shareholder model. ”

Elizabeth was immediately embarrassed, what she does best is using her board seat to do fundraising articles. However, Chu Yuanxi's ability to give this condition has made her feel surprisingly tolerant, Chu Yuanxi's starting point is still valuation, as for dilution or not, although he takes the initiative, it is not absolute. The well-off can continue to invest or even lead the investment, or they can exit, which is more flexible. On the other hand, she is also more flexible, and she can also accept the 30% equity being diluted or even withdrawn.

Elizabeth is not so self-conscious about this unfamiliar business, and she wants to see exactly the next five years, so she is only concerned about the last question now: "Are you going to send me a deputy?"

"Let's talk about this later, the domestic environment of our Great Heaven Dynasty is so good, and there are not many people who are willing to go overseas for development......" Chu Yuanxi decided to press this question down, "If you still have any problems, take these problems into the well-off and perform your duties." Oh yes, just talking about GoPro social, in fact, I want to say that they are not the wrong way to do social, they just don't know how to do content operations. The layman can't socialize. ”

Elizabeth was very confused, and said in her heart, why did Chu Yuanxi emphasize this?