Zhang Yida did not avoid Shen Beipeng's gaze, and looked at him and said:

"How do you bet?"

Shen Beipeng retracted his gaze and said with a smile:

"Let's talk about your valuation of Yimin first?"

Zhang Yida did not hesitate and blurted out:

"$100 million!"

Shen Beipeng pursed his lips and smiled, and then said:

"I started my career in the investment industry when I joined Citi in 1992.

After 20 years in the industry, you are the most braggadocio entrepreneur I have ever voted for, not one of them. ”

Zhang Yida shrugged his shoulders, if it weren't for the fact that Yimin Investment still needs to burn money, and it will lose money for a long time, he would not have reported such a low valuation.

Ruixiang was born with a golden key, with its own profit attributes, and there are no decent competitors.

Yimin investment is different, the P2P industry has slowly become white-hot, and various platforms are financing and preparing enough ammunition, and the money-burning war is about to break out.

Shen Beipeng cocked Erlang's legs, held his chin with his hand, stared at Zhang Yida, and said:

"In one year, what kind of scale can Yimin's wealth reach?"

Zhang Yida looked at Shen Beipeng and said lightly:

"300,000 investment users, 3 billion turnover!"

Shen Beipeng shook his head and said:

"It's not enough!"

Zhang Yida also said:

"This is a case of only a loss of 100 million. ”

Shen Beipeng made a gesture of "2" and said:

"$20 million, I'll give you $20 million!"

After speaking, he turned his head to look at Xu Xiaoming again. Xu Xiaoming smiled gently:

"Zhenke, follow up with $5 million. ”

Shen Beipeng continued:

"A total of 25 million US dollars, the company to 500,000 investment users, 5 billion turnover!"

Seeing Zhang Yida's expressionless face, Shen Beipeng paused and added:

"1 billion to be collected!"

Now Zhang Yida was moved,, this is to force people to death!

The number of investors and the transaction amount can also be stroked, and the data can be brushed up through current products.

What is this thing to be collected? It is equivalent to the scale of the platform's management funds.

For example:

Yimin Wealth, 90 million inflows this month, 80 million users withdraw next month, 10 million remaining user management funds, and 10 million to be collected.

Of course, if a user withdraws out, there will be a new user who recharges in. The normal operation of the platform is precipitated by funds, and with the development trend getting better and better, the flow of funds is positive, and the pending income is gradually increasing.

If the timeline is set for one year, it means that the turnover of each month must increase by 50 million, and the bid period cannot be short.

In January, the user invested 100 million, invested in the 3 month, and the pending income was 100 million.

In April, the user invested 250 million yuan, invested in the 3 month standard, and the inflow of funds for 2, 3, and 4 months minus the funds due in January was 1.5 + 2 + 2.5-1 = 5 billion.

......

In December, the user invested 650 million yuan, invested in the March standard, and the pending income is 10, 11, 12 three-month inflow funds minus the funds due in September, 5.5 + 6 + 6.5-5 = 1.3 billion.

Of course, it can't all be March bids, there will be January bids, June bids and December bids. After deducting some January standard expiration, it is estimated that there will be about 1 billion yuan to be collected.

The total transaction volume is 1+1.5+2+...... 6.5 = 4.5 billion.

If you engage in some current financial management, you should be able to reach the goal of 5 billion.

Zhang Yida made a rough calculation in his mind and had formed a plan.

It's very difficult, that's what he really thinks in his psyche.

Shen Beipeng saw Zhang Yida thinking there silently, and he didn't urge, looking up at the distant scenery outside the window.

After calculating for half a day, Zhang Yida asked:

"Is this a condition of the bet? Lose or win?"

Shen Beipeng smiled brightly and said slowly:

"$25 million Series A, giving you a valuation of $100 million before the investment and $125 million after the investment, diluting 20% of the shares.

The core indicators are 1 billion pending receipts and 5 billion transactions, and the VAM results are confirmed according to the percentage of completion rate.

If the completion rate is less than 50%, you pay $25 million plus 10% interest to redeem the shares.

If you don't have enough money, you can make up for Ruixiang shares!

The completion rate reached 50%-99%, and the management of Yimin Wealth transferred 20% of the shares to the investor at a price of 1 yuan as compensation for losing the bet.

If the completion rate reaches 100%-119%, it will be considered qualified, and the conditions of 25 million US dollars for 20% shares remain unchanged.

If the completion rate reaches 120% or more, the venture investor transfers 10% of the shares to the management at a price of 1 yuan as a reward for winning the bet. ”

Zhang Yida thought for a moment and said:

"The completion rate reached 50%-79.9%, and 20% of the shares were transferred to venture capitalists free of charge.

If the completion rate reaches 80%-119.9%, it is deemed qualified and the shares remain unchanged.

The completion rate reached 120%-149.9%, and the venture capital company transferred 10% of the shares to the management free of charge.

The completion rate reached more than 150%, the venture capital added an additional $25 million, and the stake remained unchanged at 10%. ”

Shen Beipeng is very good at math, and he reacted immediately. This young man really can't afford to lose at all!

The gambling conditions are corresponding to your own, which is interesting!

Shen Beipeng said magnificently:

"Okay, on your terms.

If the turnover is more than 7.5 billion a year, more than 1.5 billion will be collected.

Why not give you a $500 million valuation!"

Xu Xiaoming is even more happy, and this gambling condition is well set. All things considered, what reason is there to oppose it?

The results were particularly poor, and there was an exit clause, and Zhang Yida repurchased.

The results were slightly worse, and the shares of the venture capital side doubled.

If the results are passed, it will be valued at $125 million.

Good results, valued at $250 million.

Excellent results, valued at $500 million.

In this way, the venture capitalist side will not suffer a loss! As for Zhang Yida, it depends on his operational level. If you can really do well or even exceed the performance, you will also get a gift package reward!

In this way, the three parties reached an agreement.

Next, a due diligence team will be dispatched to Yimin Investment Company to complete the due diligence work as soon as possible.

It is now mid-December, and Zhang Yida has requested that the signing of the venture capital shares be officially completed by December 31, and the funds must be received by December 31, 2013 at the latest.

The date of the VAM was set for the period from January 1, 2014 to December 31, 2014, which is exactly the full year of 2014.

Zhang Yida took the news back to Yimin Investment Company and told Ding Siyao and Fan Hongyang about it.

The two can be described as happy and a little worried, accompanied by anxiety and excitement.

Happy is the wind into stocks, and the development of enterprises can be on the fast track.

The worry is that there is also a bet, and if the bet fails, the consequences will be serious.

The anxiety is a whole year, and it is about to officially start, and there is no specific plan yet, so I don't know how to complete it.

The excitement is that the bet is completed, the company will be valued at $500 million, and the diluted shares in the hands of the two will also have 4.5%, and the valuation will reach $22.5 million.

Looking at the two people with mixed feelings, Zhang Yida said with relief:

"Don't worry too much, just take it with your heart.

The worst outcome is $2,500, and I can afford it.

Of course, it is related to the vital interests of the three of us, so it is better to complete the gambling over-quota!"

Fan Hongyang is middle-aged, leaving a big factory like Ahri to start a business, isn't it the pursuit of greater success in his career?

So Fan Hongyang took the lead in saying:

"Mr. Zhang, don't worry, even if I give up my life, I must overfulfill the bet, and at worst, I must meet the qualified standards. ”

After a period of exercise, Ding Siyao's temperament became more shrewd and capable, and she also said with a firm face:

"Mr. Zhang, on the asset side, do you think we will continue to cooperate with external loan companies, or will we build our own loan brand?

Even if you have made arrangements, in the next year, I will work with the spirit of 12 points and not hold everyone back. ”

Zhang Yida looked at the two of them as if they were at home, and was deeply infected. There was a lot of pride in my heart:

"Okay, we'll go out this time, and I'll die to the death, and I don't believe we can't win this little bet. ”

Next, the three of them found their notebooks and began brainstorming.

Zhang Yida shared all the various P2P operation methods and routines that later generations learned to the two of them one by one.

The three of them discussed it in a gossiping manner, and at the same time recorded the results of the discussion, some operational methods and ideas one by one. In the next work, we will implement and implement them one by one.

There is a general consensus:

"The $25 million invested by the venture capital is equivalent to about 150 million yuan.

It is very stressful and almost unrealistic to rely on this 150 million to complete 5 billion transactions or even more.

How to solve it?

Earning money, Yimin Wealth Company began to generate revenue and generate stable cash flow by itself.

Then use the money earned by the company to mix the more than 150 million shares invested by venture capitalists to increase advertising and promote it with all its might.

It is necessary not only to promote the platform and improve performance, but also to take into account the company's daily office expenses, R&D investment, and bad debts caused by loans.

If you do it according to the existing model, the annual transaction amount of 5 billion yuan is about 1 billion ~ 1.25 billion yuan.

It is about 20% of the capital cost to the small loan company, which can generate 200 million ~ 250 million income.

The cost of funds depends on the two major sectors, and the interest rate is about 10%-16%, because most users invest in short-term targets, and the average rate of return is about 12%.

Coupled with the activities carried out by the platform, red envelopes, the cost is at least 3%, and the capital cost is not less than 15%, and the cost of this piece is about 150 million ~ 187.5 million.

It is estimated that the company will have at least one or two hundred employees in the next year, and the office cost will have to be spent by another three or four hundred million.

Platform software research and development, risk control system research and development, even if it is less, will be 10 or 20 million.

In the case of bad debts, calculated at 5%, it is estimated that 50 million must be prepared.

In the final calculation, more than 200 million yuan of income minus more than 100 million capital costs, minus 30 or 40 million office costs, minus 10 or 20 million R & D investment, minus 50 million bad debts.

There is a high probability that there will be a loss of tens of millions!

Not to mention making money to support the company's advertising, it would be good to be able to pay for your own profits and losses.

It's not that there is no way, that is, to lend money yourself!

Self-built loan companies can be divided into online and offline.

Online is online loans, online applications, online reviews, and online loans.

The advantages are fast speed, less personnel required, and small office cost expenditure. The disadvantage is that it is difficult to control the risk, there is no sound credit system in China, and the blindfolded is afraid that the principal will not be recovered, and the bad debts are too high!

Offline, it is to learn that everyone has a loan, Yiyin Loan has set up loan stores across the country, passed the preliminary review of the business manager, and the auditor cooperated with the risk control system to review and lend the loan.

The advantage is that the model is copied quickly, and the risk control is relatively certain. The disadvantage is that there are too many people to manage, and the office expenditure is large.

The specific mode of operation is not subject to the moment, but the three of them on the self-built asset side are jointly recognized.

The lending interest rate is set at 24%~36%, forming differentiated competition with banks and other institutions.

Because the cost of funds is as high as more than a dozen points, and the bank savings deposit is only two or three points, the lending interest rate will definitely be higher than that of the bank.

The loan customers who do it are also the subprime loan customers that the bank does not want.

It is normal for banks to have only 1%-2% bad debts, and P2P companies to have 5%-10% bad debts.

Most companies take the route of covering high bad debts with high interest rates, and smooth out bad debts through revenue and profits. ”

The three of them discussed a little prototype, and the specific details still need to be unified and improved.

When the venture capital enters, it is ready to start recruiting.