Chapter 20 Series A Financing Press Conference
The general framework has been negotiated, and the remaining details are the responsibility of the two legal affairs to refine.
The general content is as follows:
"First, Blackshirt Capital contributed $40 million to lead the investment, and Zhenke Fund contributed $10 million to follow. The Series A financing totaled $50 million, with an initial tranche of $25 million and the remaining $25 million three months later.
Second, the board of directors was formed, Zhang Yida was appointed chairman and CEO, Lin Zhenyang was appointed COO, Liu Feng was appointed CTO, and Black Shirt Capital sent CFO to Ruixiang Technology. Shen Beipeng and Xu Xiaoming serve as directors of the company. ”
Third, to build a VIE structure, Zhang Yida registered and set up a BVI company controlled by a sole proprietorship in the British Virgin Islands. The BVI company of Yizhou Overseas + Lin Zhenyang's BVI company + employee stock ownership platform is set up in Cayman Ruixiang Cayman 80%, the Cayman subsidiary of Black Shirt Capital holds 15% of Ruixiang Cayman, and the Cayman subsidiary of Zhenke Fund holds 5% of Ruixiang Cayman. The company Ruixiang Cayman jointly controlled by the management of the enterprise and the venture capitalist holds 100% of the shares of Ruixiang Hong Kong, and Ruixiang Hong Kong has set up a wholly-owned domestic subsidiary WFOE, which has signed a series of agreements with Jingcheng Ruixiang Technology Co., Ltd., which operates in China, including: "Equity Pledge Agreement", "Business Operation Agreement", "Equity Disposal Agreement", "Exclusive Consulting and Service Agreement", "Loan Agreement" and "Spouse Statement". Through these agreements, the parent company Ruixiang Cayman, registered in Cayman or the British Virgin Islands, finally took control of the Chinese domestic company, Jingcheng Ruixiang Technology, so that it could operate the domestic enterprise, distribute and transfer profits according to the will of the foreign parent company, and finally transfer the operating profits to the overseas parent company after tax payment.
When the change was completed, Zhang Yida completed the sale of 1% of the shares and the black shirt capital at the same time, and received $2.5 million, leaving $2 million after paying taxes.
The shares turned out to be 80% held by Zhang Yida + 10% held by Lin Zhenyang + 10% by the employee shareholding platform Ruixiang Enterprise Management Company. Lin Zhenyang will obtain 7% of the shares Zhang Yida gave him a lump sum in the next two years, but he also signed a relevant agreement, the shares cannot be traded before listing, and he cannot leave his post within three years, etc.
After the VC entered the change, the 20% stake was diluted, and the share structure became as follows:
Zhang Yida holds 63% of the shares + Lin Zhenyang 8% + Ruixiang Enterprise Management 8% + Black Shirt Capital 17% + Zhenke Fund 4%.
Because Zhang Yida and Lin Zhenyang hold B shares, and their voting rights are 10 times that of A shares, Zhang Yida's voting rights are 85.25%, and Lin Zhenyang's voting rights are 10.83%, and the combined voting rights of the two have reached more than 96%. So the control of the company is still very solid.
After all the matters of the wind investment stock have been dealt with, it is already the end of November.
On this day, the Entrepreneurship and Entrepreneurship Center was lit up, cleaned inside and out, and a red carpet was laid out at the door.
This is Zhang Yida's return, and Zhou Chengdong's return.
The press conference of the A round of financing rejected the five-star hotel proposed by the venture capitalist, and instead placed it in the Entrepreneurship and Entrepreneurship Center, where he started.
The 5A Grade A office building outside has been rented, with nearly 3,000 square meters on the second floor, and is being urgently renovated. The golden phoenix that flew out of Ruixiang Technology, the center of entrepreneurship and innovation, will take off for nine days.
Zhang Yida is wearing a haute couture suit today, his hair is also combed with oil, and he has a tall and straight figure, and he has murdered countless films on the red carpet.
There are many media reporters who came today, and I heard that Beijing University has a business genius who raised $50 million at the age of 18 and has a company valuation of $250 million. Therefore, media reporters rushed to Beijing like flies seeing blood, and a black press surrounded the entrance of the red carpet.
"Excuse me, Mr. Zhang Yida, what is the reason or for what kind of considerations prompted you to found Ruixiang Technology Company?" the southern reporter interviewed.
"Excuse me, Mr. Zhang Yida, you have such a good appearance and temperament, have you considered entering the entertainment industry to develop?" asked a reporter from Sozhu Entertainment.
"Excuse me, Mr. Zhang Yida, what words or experience do you have for your peers or young people who are starting a business today?" asked a financial reporter.
......
A large number of microphones were handed to Zhang Yida, and the security personnel surrounded the reporter outside, otherwise the microphone would be inserted into Zhang Yida's mouth.
"Don't panic, first of all, thank you for your presence from all media friends.
Don't rush your questions, I'll answer them one by one. ”
Zhang Yida was also taken aback by this battle, but his words were still very calm.
After briefly introducing Ruixiang Technology Company and answering a few reporters' questions.
Shen Beipeng and Xu Xiaoming arrived, Zhang Yida put down the interview here and ran over to greet him warmly, and entered the Entrepreneurship and Entrepreneurship Center together.
Subsequently, the president of Jingcheng University and other school leaders also arrived and entered the roadshow hall of the Entrepreneurship and Entrepreneurship Center together.
In the roadshow hall, on the stage are Zhang Yida and Lin Zhenyang, Xu Xiaoming and Shen Beipeng.
The first row of the audience are the leaders of various schools, and Zhou Chengdong, as the director of the Entrepreneurship and Entrepreneurship Center, was also arranged to sit in the first row.
In the back row are the employees and reporters of Ruixiang Technology.
On the stage, with the signing of the cooperation agreement between Zhang Yida and the two venture capitalists, the contract text was exchanged, and the handshake was held tightly to facilitate the media below to take pictures.
The "click" of the camera shutter was incessant, and the flash illuminated the entire roadshow hall.
Next, Zhang Yida reported as a spokesperson:
"First of all, thank you to all the leaders and guests for coming to participate in the A round of financing conference of Ruixiang Technology Company.
......
Thanks to the school and the alumni association for providing such a good office environment.
I would also like to thank Mr. Zhou Chengdong for his care and guidance on the road to entrepreneurship. Several times I encountered difficulties, Mr. Zhou answered my questions and guided me in the direction of life and entrepreneurship. So here, I want to say: "Teacher Zhou, you have worked hard!"
After speaking. He also bowed.
Finally, I would like to thank Shen Beipeng of Blackshirt Capital and Mr. Xu Xiaoming of Zhenke Fund for filling up the tank of Ruixiang Technology and solving our worries.
Ruixiang Technology will definitely live up to everyone's expectations and become a successful, great, and world-class high-tech Internet financial enterprise. ”
Zhou Chengdong was very happy, first the school leaders gave a positive evaluation of his work, and then Zhang Yida's kid mentioned his name several times in the work report and all kinds of thanks! Today is really a full reputation, haha! This kid is not in vain, he is a good guy who will repay his kindness!
The next part was to answer questions from reporters, and reporters who had just been on the red carpet outside and hadn't asked enough questions scrambled to raise their hands.
Zhang Yida randomly picked a female reporter, and the female reporter stood up, took the microphone and asked with a smile:
"May I ask Zhang Yida, at the age of 18 this year, what are your plans and arrangements for your future life and the company?"
Zhang Yida took the microphone and said:
"The future of life is definitely to finish university and then take the company to greater heights. ”
The female reporter asked again:
"I want to ask Mr. Zhang Yida, if there is a conflict between career and love, how to coordinate the relationship between the two?"
Zhang Yida smiled brightly and said:
"First of all, I don't have a girlfriend yet. But I have someone I like, and I think she's very supportive of my career. ”
After speaking, he also glanced at Zhao Erya, who was sitting by the wall and staring intently at himself on the stage.
Zhao Erya was glanced at by her, and her heart bumped like a deer. I panicked. Did he confess to me in public? How ashamed? All of a sudden, his face turned red, and he quickly buried his head.
Next, another financial reporter asked:
"Ruixiang Technology has successfully launched three products so far, and all of them have been successful. What are the new plans and directions for future work?"
Zhang Yida replied:
"In the future, we will mainly focus on polishing products and improving services, and it is our purpose to bring more convenient financial services to users. At the same time, we will further increase publicity efforts to allow more people to use our products and enjoy the convenience and speed brought by finance. ”
The next subject of the interview was Xu Xiaoming's turn, and the reporter asked:
"There is Chen Ou in the front, and Zhang Yida in the back, what kind of consideration or reason makes you like to invest in young people so much? ”
Xu Xiaoming's eyes narrowed into a slit with a smile, and he laughed:
"Because young people have dreams, I like to pay for young people's dreams and give young people more opportunities. That's my investment style. ”
Xu Xiaoming smiled happily, and played a good advertisement, and the character design was also perfect. In the future, young people will come to me for entrepreneurship!
Many people were the first to find him because he had the best personality and was known as the most popular angel investor. This means that he has more opportunities than his peers and can be one step ahead of the selection of commercial projects. Including Zhang Yida, angel investment preferred him.
Next is Shen Beipeng's answer, and the reporter's question is: "What do you value most about Ruixiang Technology, or what is the most worthwhile investment?"
Shen Beipeng glanced at the heroic Zhang Yida and replied:
"The most important thing is people, and talent is the core competitiveness. No matter how good a commercial project is, without the right helmsman to control it, it will only capsize in the sea.
Zhang Yida has all the qualities of being a good entrepreneur, and I am optimistic that he will become the youngest CEO of a listed company on the New York Stock Exchange. ”
Shen Beipeng was also very shrewd, thinking that he had already invested anyway, and got on Zhang Yida's ship. The more he praises him, it will also help to enhance his fame, and if he enhances his fame, the fame and influence of Ruixiang Technology will also increase. This is very beneficial to the development of Ruixiang Technology and the next round of valuation.
The financing conference ended successfully, with the press releases being released. College student entrepreneurs, young entrepreneurs, and Internet finance pioneers have all labels and halos on Zhang Yida's head.
In school, Zhang Yida has also become a popular figure, and he is very eye-catching everywhere he goes. The BBS of Jingda Weiminghu is also full of his posts. Ask him if he has a girlfriend?
For these troubles of fame, Zhang Yida can only endure helplessly.
"If you want to wear a crown, you must bear its weight!"