"Right?"

Hu Gang scratched his hair, as a PE boss, of course he is no stranger to this word.

It's just that in the past, he was the investor and forced the entrepreneur to sign a VAM agreement.

Now it's the other way around, he represents the entrepreneur, and the management forces him to sign the VAM contract.

Hu Gang looked at Gan Renping, who was moved, and asked, "Mr. Gan, what do you think?"

Gan Renping nodded and said, "Yida's suggestion is very good. When there is a disagreement between the entrepreneur and the investor, the VAM is the only way to resolve the disagreement.

If you dare to sign a bet guaranteeing 80 million daily active users, we can recognize your valuation of 50 billion. ”

"80 million daily active users. Hu Gang frowned, looked at Zhang Yida, and asked, "Yida, how many daily active users do you have?"

"Between 150 million ~ 160 million!" Zhang Yida replied.

"If a VAM agreement is signed, how long is the term, and when is the requirement to reach 80 million daily active users?"

Wang Xiaojie interjected.

"Within a year!" replied Gan Renping.

"What if the bet is not completed?" Hu Gang is more concerned about this.

"If the bet fails, the management of LendingBei buys back the shares of our investors at a price of 1.2 times. ”

Gan Renping made his own conditions.

Wang Lu jumped out and said, "I also repurchased shares at 1.2 times the price." Then we might as well take out a loan, the annualized interest rate is not as high as 20%. ”

Hu Gang and Wang Xiaojie glanced at each other, and finally Hu Gang said: "1.2 times is too high, how about 1.1 times?"

Gan Renping shook his head and said, "This plan." On the surface, it seems that we venture capitalists have nothing to lose, but in fact, it is the opposite.

Venture capital firms pay the most attention to the efficiency of the use of funds.

Make an assumption: If the bet on the loan fails, it seems good to compensate us with 20% interest. But on the other hand, we have also missed other high-return projects that are several times or dozens of times.

In terms of the efficiency of the use of funds, we are considered to be a particularly failure.

Venture capital investors mainly focus on the return on equity investment, rather than earning these interests. ”

"You can't say that, right! If you don't invest in loans, you can guarantee that all the other projects you invest in are successful high-return projects?"

Wang Xiaoming retorted.

"In terms of probability, if you don't invest in loans, the hundreds of millions saved can be invested in dozens of projects, and the success rate can be greatly improved. ”

Gan Renping was not to be outdone, and began to argue on the basis of reason.

......

Several people bargained in various ways, quoted scriptures, and made it like a debate.

Hu Gang turned his head to look at Zhang Yida and said, "Yida, you said before that you had no money and couldn't invest." Now Ruixiang has just completed $2.5 billion in financing, it shouldn't be bad money!"

Half of the $2.5 billion in financing has been spent, nearly $1 billion has been invested overseas, and hundreds of millions of dollars have been added to the second phase of the cloud computing center project.

Then the domestic mobile payment subsidy war continues to increase.

I'm powerless now!"

Zhang Yida hurriedly complained, borrowing Beibei is a big pit, and he won't invest if he is killed.

Hu Gang's face was a little ugly, didn't everyone have a good joint venture in funds and securities before?

Why is it faster to turn your face now than to turn a book?

"Yida, if this round of financing is successful, you can continue to advertise in your financial supermarket.

If you don't get the money, you may have to reduce the advertising effort significantly. ”

Hu Gang saw that Xiaozhi's affection didn't work, and he began to use it to benefit.

Zhang Yida smiled bitterly, didn't I just help you promote four or five million users and earn you one or two hundred million, are you like this?

Moreover, Ruixiang's financial supermarket can't be pushed now, and users have learned well.

The model of borrowing and lending is as follows: A invites B to register, A and B each get 20 yuan, B invites C to register, B and C each get 20 yuan, and A can also get 10 yuan indirect promotion reward.

Therefore, Ruixiang only pit a wave of user recommendation rewards when Loan Bei was just launched.

Now users know how to play, relatives invite relatives, friends invite friends, and fat water does not flow into outsiders' fields.

So gradually, few users have registered to borrow through Ruixiang's financial supermarket, because they have to be rewarded with 20 yuan recommendation.

Seeing Zhang Yida's embarrassed look, Hu Gang stopped asking.

He can see that Zhang Yida will never invest in loans.

Either they really don't have any money, or they are very unoptimistic about borrowing. Hu Gang guessed the latter.

At this time, Wang Xiaojie and Gan Renping were about to negotiate.

Gan Renping insisted on the repurchase condition of 1.15 times and never gave in.

Hu Gang finally made a decision and agreed to his gambling conditions.

As soon as the matter was settled, the tense atmosphere just now disappeared all of a sudden, and everyone began to drink and talk happily again.

Gan Renping also felt that he had no loss, and he had an annual rate of return of 15% at the worst of drought and flood.

If the loan grows to the sharp, the size of the leech financial service, it will make a lot of money.

Hu Gang didn't feel that he was at a loss, and the worst result was a loss of 15% interest.

The most important thing is that the valuation of 50 billion yuan of borrowing Beibei has finally been supported.

Unlike his own left-handed investment in his right hand earlier, after the angel round of financing, the company's valuation reached 22 billion yuan, which the outside world will not recognize at all.

However, as a first-line venture capital, Qiming Venture Capital's shareholding can undoubtedly provide a strong endorsement for the valuation of 50 billion yuan.

This valuation can be regarded as a real sitting.

Zhang Yida sighed secretly, this is not harsh enough on gambling conditions! He wanted to dig a big pit for the Han Group, but the pit was not deep enough.

Only a 15% premium to buy back the equity, if only 150% would be fine......

......

"Mr. Zhang, Yi'an Insurance replied and agreed to our shareholding. Lan Lan reported.

"Oh, how many shares are they willing to give away? It's too little. ”

For the insurance license, Zhang Yida attaches great importance to it. Sharp towards the huge financial flow, which insurance company can be directed, which insurance company can achieve rapid development.

Because of this, Zhang Yida is unwilling to let Ruixiang become a minority shareholder of an insurance company.

You must become a major shareholder of the insurance company in order to maximize your benefits.

15%, tied with Yin Zijie as the largest shareholder. Lan Lan replied.

Zhang Yida had a smile on his face, it seems that the shareholders of Yi'an Insurance are all understanding people, and they know how beneficial it is for Ruixiang to take them to play together.

The China Insurance Regulatory Commission stipulates that a single shareholder of a Chinese insurance company cannot hold more than 20% of the shares at the time of establishment, but after three years of investment, it can increase the shareholding ratio to 51% if certain conditions are met.

Therefore, taking a stake in Yi'an Insurance to obtain 15% of the shares is only the first step, and Zhang Yida will definitely find a way to increase the shareholding ratio after three years.

Zhang Yida thought for a while and said, "In this way, you arrange for me to meet with several of their original shareholders." There are some things that need to be communicated face-to-face. ”

......

"Mr. Cheng, I've been looking up for a long time!"

Zhang Yida flew to Pengcheng and met Cheng Xiangjun, chairman of the company's largest shareholder, Yin Zijie, in Yi'an Insurance Company.

Cheng Xiangjun is in his 50s, with a round face, holding Zhang Yida's hand tightly, and said with a smile: "Welcome to Pengcheng!

Cheng Xiangjun, as the chairman of a GEM listed company with a market value of 10 billion yuan, is still very measured, neither pretending to be big in front of Zhang Yida, nor being too low and small, but putting the two sides in an equal position.

Yinzijie is a listed company specializing in banking software, founded in 1998 and listed on the GEM in 2010.

Tiance Technology and Yinzijie are competitors on a certain level.

However, at present, there are not many intersections, Tiance Technology mainly focuses on the output of risk control technology of Internet finance, while Yin Zijie is mainly exporting traditional technology for banks, and does not involve risk control system for the time being.

"Yes, let's be together! We should be closer and closer. ”

Zhang Yida still knew a little about this Mr. Cheng in his previous life, because Yin Zijie mainly made systems for banks, so when Internet finance became popular, he frequently rubbed the popularity of Internet finance and created "mutual fund concept stocks".

It can be seen that this Cheng is always a very profit-seeking businessman.

Zhang Yida shook hands with several other shareholders of Yi'an Insurance in turn, all of whom were entrepreneurs with relatively wealthy wealth, otherwise they would not have become shareholders of insurance companies.

But in terms of net worth, the highest net worth in the audience is Zhang Yida, followed by Cheng Xiangjun.

After a group of people sat down, Zhang Yida said: "I came to Pengcheng today, mainly to meet with you, and let's talk about the future development direction of Yi'an Insurance. ”

Cheng Xiangjun nodded and said, "Yes, the opening is imminent, it's time to sum it up." ”

Zhang Yida added: "Yi'an Insurance Company is one of the few Internet insurance companies with an online sales license.

All of our business processes, including sales, payouts, etc., can be carried out online.

Therefore, if you want to maximize the value of this Internet insurance license, you must have a traffic platform to support it.

Ruixiang's investment and financing APP has 400 million registered users, which is very suitable for this business carrier. ”

"Well, yes, I support!"

"Is it a good idea to put insurance products on the shelves like Paybe? That's a good idea, and I support it. ”

Several shareholders of Yi'an Insurance have spoken out in support of Zhang Yida's idea.

In the eyes of several of their small shareholders, following Ruixiang is undoubtedly very promising.

Relying on the huge traffic pool of Ruixiang, they seem to see a better day ahead. The premium income is increasing year by year, and the equity in hand is becoming more and more valuable.

"I also support it! What is the cooperation method between Yi'an Insurance and Investment Ronghui?

Cheng Xiangjun was the last to support, and at the same time threw out his own questions.

There is no free dinner in the world, and he doesn't believe that Rui Xiang has diverted Yi'an Insurance in vain.

"The cooperation fee must be charged. ”

Cheng Xiangjun knew that this would be the case, but he heard Zhang Yida say: "But...... You can get the best price. ”

"How much deal can it be?" asked one minority shareholder.

Zhang Yida glanced at him, smiled at everyone and said, "Then it depends on the sincerity of the bosses." ”