Stimulated by the news of Yanhuang's investment of "15 billion yuan in Tesla", Zhang Yida's ass was not hot when he returned to China, and various projects came to the door.

The first one to come was to tear the onions

Unlike in the past, Tearing Onion did not ask Zhang Yida to meet at the bar this time, but came to the 50th floor of Ruixiang Building in person.

"Yo, rare guest, please take a seat"

Zhang Yida beckoned Wang to tear the shallots, and asked a young girl from the administrative secretariat to serve tea.

Wang Tearing Onion wears a hat and is dressed in hip-hop style.

He let out a long sigh, "I'll say it straight, Panda Live can't hold on, do you have any idea of acquisition?"

Zhang Yida paused for a moment, "What's the matter, this is not a good business, why can't you do it suddenly."

With the strength of your family, you can take a sip of milk and hang your life."

Wang teared his head and shook his head, "It's not that simple, now that the live broadcast pattern has been decided, you and the penguins are competing for hegemony."

You know, the company also has a shareholder who is 360, and Penguin won't accept us.

If you don't even want Panda TV, then you have to turn it off. ”

The tone of the tearing onion is full of loneliness, who wants the child raised by himself to starve to death

Zhang Yida found that there seemed to be a deviation, and the live broadcast of pandas in his previous life seemed to be closed on Women's Day.

It's early May now, and the pandas haven't collapsed yet.

He guessed that it should be a series of cooperation with Ruixiang, and gave the panda two more months of life.

"What do people say about 360"

Wang Tearing Shallot shook his head and sighed, "The thing I regret the most now is that I brought them in and stood in line in advance, otherwise I wouldn't have been able to keep even a chance to quit." ”

Zhang Yida more or less knows some of the situation in the panda live broadcast, and heard that the people of 360 are in charge of the technical department, and there is a serious infighting with the people who tear the onions.

At the beginning of the company, he used his influence in the e-sports circle and his identity as a national husband to poach many hot anchors.

If the company goes uphill, it will be able to support the high expenses of these poachers.

But the last round of financing of Panda Live stayed in May '17, and as of today, it has not been raised for two years.

In the hot live broadcast track, this is extremely abnormal.

If you don't continue to raise funds and don't go public, is it a revenue balance?

Wang Tearing Onion asked a little anxiously: "Do you take over Ah Ruixiang's big entertainment strategy has begun to take shape, and then acquire Panda Live and integrate it, you can definitely rejuvenate it." ”

Zhang Yida shook his head and smiled, "It's too much, we now have three platforms for live broadcast alone, and Touronghui is still planning to open a live financial management class, which is four platforms."

Do you think I'm using so many live broadcast platforms to put a piece of fighting?"

Wang Tearing Onion nodded, indicating that he understood.

No matter what, he is also a person with status, so naturally he will not go to Zhang Yida to ask for it.

If you don't buy it, forget it, he will ask other families again.

"Isn't it just a live broadcast platform, and if it falls, it will fall, don't you still have Ruixiang's shares, and you can make a lot of money by keeping it. ”

Pulse Capital participated in Lilith's investment, and when Ruixiang acquired Lilith, he tore the onion and converted the shares into Ruixiang's equity.

This is how Zhang Yida's "holding Ruixiang shares" comes from.

"I know Ruixiang won't let me down, but"

Tearing onions looks like they want to talk and stop, which makes people a little confused.

"What's wrong, there's something unspeakable"

Wang Torn Shallot thought about it, but still confessed, "I signed a VAM agreement and a personal unlimited joint and several liability guarantee for debt financing. ”

"My Girl"

Zhang Yida sighed that he didn't know that he had torn onions in his previous life and was made into an "executor", which happened a month after he crossed over, so he naturally didn't know the story behind the financing of Panda Live.

"You dare to sign this kind of agreement," Zhang Yida asked the onion.

Wang Torn the onion took a long breath, turned his head to look at Zhang Yida, and said: "If you don't sign the financing, you can't get capital, especially debt financing, and Panda Live is not like an industrial industry with factories and land, and there is no collateral, so the actual controller uses personal assets as a guarantee."

Zhang Yida nodded lightly, and he also signed such an agreement when Huimin Bicycle completed a $1 billion debt financing.

Is it that entrepreneurs are stupid, no, it is capital that is ruthless

Capital is profit-seeking, and when it succeeds, it can be the icing on the cake, and when it fails, it can also become the last straw that overwhelms the entrepreneur.

There is a structure full of tension between entrepreneurs and investors, and the two often form a game relationship, starting a silent competition.

In the eyes of investors, there are many examples of entrepreneurs cashing out and leaving, leaving a mess for investors, and signing joint and several liability is to protect themselves.

From the perspective of entrepreneurs, unlimited joint and several liability is squeezing entrepreneurs, and this money may revitalize the enterprise, or it may be to quench thirst and put yourself in.

"Hey, you're in trouble this time."

Zhang Yida estimated that this panda live broadcast should not be sold.

At present, the pattern of the live broadcast industry has been formed, except for Penguin and Ruixiang, other companies have no courage to enter this industry.

The guts here refer to the very high risk that it may take more than $1 billion to revitalize the pandas.

If it is not revitalized, this money will be wasted, and the money for the acquisition of Panda Live will be added.

Ruixiang and Penguin can't look down on Panda, and their business data has already declined.

I heard that there is also high-level infighting within the company, where employees and anchors paddle, and when a monk hits a clock for a day.

This kind of enterprise is a burden to buy, and Penguin and Ruixiang will not want it.

"Have you signed a bet with the investor?"

Seeing that the panda live broadcast couldn't be sold, he began to ask shamelessly again.

In his mind, although Zhang Yida is younger than himself, he has much more entrepreneurial experience and capital operation experience than himself.

If Zhang Yida can give himself two moves, it would be the best.

"Why didn't I sign it, I signed a total of one or twenty VAM agreements"

Speaking of this, Zhang Yida was energetic, but he still maintained a calm demeanor and said in a very calm tone.

This is called invisible pretense, and it is the most deadly

Tearing the onion was shocked, "Don't say it on the Internet is not true?"

"What's online"

Tearing the onion slowly, tidying up the language and saying: "The Internet said that you won more than a dozen rounds of betting"

"Well, it's true."

Before he could say the word "", he was stopped by Zhang Yida with a gesture, "Be calm and calm, don't spread the word, everyone is a shareholder now, and spreading it is not conducive to unity." ”

Zhang Yida's temperament of "hiding merit and fame" was shocked by tearing onions, and he sighed, "Hey, it's easy to say that you win a bet, but it's really miserable to lose."

You say, how can there be such a shameless venture capital, if you lose, you have to buy back the equity, and you have to pay 12 annual interest. ”

Zhang Yida didn't answer, what he said was boring in his opinion, why did you go and let your father invest directly

You want to use capital, capital wants to use you, don't complain if you lose.

"I suggest you talk to them and see if you can wipe out the interest. ”

The white paper and black letters are there, and the panda live broadcast is now like this, and Zhang Yida has no good tricks to tear the onions, so he can only find a way to reduce some losses.

"It's talked, but it doesn't work. ”

Tearing onion sneered, "They will eat me, I won't pay back, and my father will help me pay it back for the sake of fame." ”

Zhang Yida gasped, don't say it, it really makes sense.

If it is a grassroots entrepreneur, venture capital can only admit it, and the rule of law society cannot do anything to others.

It's different to tear the onions, the son and the father will pay the debt, and you will be hyped on the Internet, exposed and exposed, and the richest man Wang can only pinch his nose to repay the money.