With the entry of Huimin bicycles into the four first-tier cities, the concept of shared bicycles is becoming more and more popular.

Capital from all walks of life came to the door to express their desire to invest, but Zhang Yida politely declined.

Although he declined all kinds of capital, Zhang Yida did not want to push them to the side of competitors, and said that the next round of financing would be opened at the end of December, and investors from all walks of life were welcome to participate at that time.

Bicycle sharing is a new track, and some institutions have not invested in Huimin bicycles, so they will definitely retreat to other shared bicycles.

This situation cannot change anything, and in the future, Huimin Bicycle can only face competitors with the blessing of venture capital.

For now, there have been more than a dozen bicycle companies across the country.

Zhang Yida looked at the information handed over by the business intelligence department, "Xiaoming Bicycle", "Little Blue Bicycle", "Baimo Bicycle", ......

All kinds of cows, ghosts, snakes and gods have emerged, and it is worth paying attention to the bicycle, and the others are cannon fodder.

As for the big winner in the future, Hello Bike has not yet appeared, and Leech Gold has not given him a buff yet.

The window is very short, and it is estimated that November and December will usher in a large-scale launch of bike-sharing brands. However, Huimin Bicycle also has advantages at present, and the scale is the largest, and it is the leading player in the market.

Looking at the operation data, as of October 25, Huimin Bicycle currently operates a total of 120,000 bicycles, covering the four cities of Beijing, Modu, Yangcheng and Pengcheng, with more than 1 million registered users and more than 500,000 daily active users.

The market saturation is far from enough, and a later survey report said that the capital needs 430,000 vehicles, almost 1 shared bicycle for 50 people in the city.

At present, there are only 30,000 bicycles in Beijing, which is only a fraction, and not a single bicycle in the second and third tier cities has not been put into the past.

No matter how anxious it is, it takes time to develop. Zhang Yida leaned back on the sofa and exhaled.

During this time, the work pressure was too great, and the five speeches of Peter.com, as well as the inspection of the bicycle sharing operation centers in various places, made me a little haggard.

However, all the efforts are worth it, and the transaction turnover of Pette.com this month has exceeded 80 million, and it is time to consider the A round of financing.

The operation sub-centers of Huimin Bicycle are also in good order, and everything is developing in a good direction.

……

Fu Weiwei is also very haggard, and the development of smart car locks is not easy, and now the team has been overcoming this problem.

It has been suggested that:

"Why don't we find a smart hardware equipment manufacturer to buy a set?"

Fu Weiwei is also very tempted, but to buy a set of solutions is at least a few million, and the total capital of Baimo Bicycle is only 10 million, which is spent here, and there is no money to build a car......

In desperation, Fu Weiwei could only call Li Bing for help.

"In this way, I will invest another 10 million in you. It can be regarded as a Pre-A round of financing! Walking on two legs, we will continue to develop equipment locks, and we must also engage in external hardware purchase solutions.

It can't be delayed any longer, and there will be no time if it is delayed. ”

Li Bing said on the phone, although he was busy with the formation of Azure Automobile. But he has also been paying attention to the bike-sharing industry.

At present, many bike-sharing companies have been established in the market, and they all want to enter this industry. In this case, Bymo Bike has to speed up, and there is no hope of any further delay.

"How much does the share need to be diluted?" Fu Weiwei was very happy to hear that Li Bing was willing to invest another 10 million to come in, and she was also very concerned about the proportion of shareholdings.

"I want to think about it......" Li Bing began to think about it, it turned out that Fu Weiwei held 60% of the shares and he held 40% of the shares.

This shareholding ratio seems unfair, but it is actually very meaningful.

From a rational point of view, Fu Weiwei and her team are the actual controllers of the company, and Li Bing is an angel investor.

If the proportion of angel investors is higher than that of the founding team, then the project will be scrapped. It is possible that the subsequent venture capital will abandon the investment due to the actual controller.

"Well, include me in the founding team. I add another 10 million, the stake is increased to 49%, you take 51%, and the controlling stake remains unchanged.

If the development is good in the later stage, your founding team will buy back 20% of my shares. ”

Li Bing quickly came up with a solution, which was to include himself in the founding team and not see him as an angel investor. In the later stage, a part of the shares will be sold to recover the investment funds, and the drought and flood will not affect the refinancing of Baimo Bicycle.

"Yes! It's that you have contributed 20 million funds before and after, and you only account for 49% of the shares, and I am a little unhappy.

Why don't you take control? I'll have no problem taking a few shares. ”

Fu Weiwei was born as a media reporter, and her eloquence is still very good, and she is humble on the phone.

Li Bing interrupted:

"Don't let it pass. That's it, you come to control. In the future, you will still be at the helm of Baimo Bicycle, so you must control it.

I'm so focused on the Blue Bike that I don't have any more energy to manage the Bymo. ”

Fu Weiwei saw that Li Bing's tone on the phone was very resolute, and it didn't seem to be a fake, so she agreed.

With the 10 million newly allocated by Li Bing, Baimo Bicycle found an old smart hardware manufacturer and carried out cooperative research and development on the smart lock of shared bicycles.

With the help of external new forces, the research and development progress of Baimo bicycles has been improved all of a sudden, and it is expected that the prototype of the bicycle will be completed in the short term and delivered to the foundry for mass production.

Xiaoming, Xiaolan, these bicycle companies are much rougher, the smart car lock is too tall, just engage in mechanical locks and Bluetooth locks.

The mechanical lock is the kind of FOF in the previous life, the user scans the QR code, obtains the password through the mobile phone software, and manually toggles the dial to achieve unlocking.

There are no technical points, the traditional combination lock, and it is a dial type, after use, someone needs to manually scramble the password disk, otherwise it can be considered that it has been open.

Bluetooth lock, through Bluetooth connection to the user's mobile phone, with the help of the user's mobile phone network and GPS to achieve data transmission and positioning.

Ordinary bluetooth lock, the unlocking rate is not too high. But it is a very cheap solution, the most important thing about Bluetooth is power consumption and compatibility, and for shared cars, compatibility is actually the most important.

Bike sharing has to match thousands of mobile phones, and poor compatibility is a big problem.

But for a few bike-sharing companies that want to go public immediately, they can't take care of so much, and it is the truth to seize the market first.

Where there is a market, financing will come in, and it will be good to slowly make up for the shortcomings of R&D.

……

Huayi Capital raised 100 million US dollars in the second phase, and Lei Dongming was overjoyed, and hurriedly called Zhang Yida to discuss the matter of the industrial fund.

Ruixiang invested 100 million US dollars, Yimin 50 million US dollars, Huayi Capital 100 million US dollars, and Black Shirt Capital and Zhenke Fund jointly invested another 50 million US dollars.

An industrial M&A fund with a total amount of $300 million has been formed!"

Lei Dongming wrenched his fingers and began to calculate for Zhang Yida.

"Yes, yes. This fund is mainly focused on Ruixiang and Yimin to make upstream and downstream investments in the industry!"

Zhang Yida looked at Lei Dongming with a smile and said.

"It doesn't matter, as long as you can make money. Whoever votes is voted!"

Lei Dongming thought very openly, and it was a good move to cooperate with Ruixiang and Yimin to invest.

Zhang Yida is very good at running a business, and at the same time, he is also keen on investment. Hug his thighs, yes.

The funds of the two parties were in place, and Zhang Yida called Shen Beipeng and Xu Xiaoming again to ask Shen Beipeng and Xu Xiaoming to come out for tea.

In a high-end club, Zhang Yida and Lei Dongming met the two.

After Shen Beipeng took a sip of tea, he stared at Zhang Yida and said, "Ruixiang is interested in launching an industrial fund?"

Zhang Yida nodded and said: "It's time to launch it, and my positioning for Ruixiang Future is a platform and an ecology."

The B-end is a treasure that we need to discover slowly.

Take mung bean credit as an example, I position it as commercial credit, not just financial credit.

With the concept of shared bicycles, the sharing economy will usher in a round of explosion in the future.

Car sharing, electric car sharing, power bank sharing...... And so on.

But this sharing economy has a pain point, that is, the rental requires a deposit.

The emergence of mung bean credit is to eliminate this distrust and eliminate deposits.

Therefore, it is necessary for a steady stream of enterprises to cooperate with mung bean credit.

And Ruixiang also wants to attract such a group of small partners around him by investing in new economy companies. ”

Shen Beipeng glanced at Zhang Yida deeply, he was young and ambitious!

However, this is a good thing for the black shirt capital. The broader the prospect of Ruixiang's future, the more successful the investment of the black shirt is, and the higher the return.

"Yes, $50 million, right? Shen Beipeng waved his hand, ready to agree to Zhang Yida's request.

"This can't be done! Old Shen, I want to leave some shares!" Xu Xiaoming was not happy, and before I could speak, I finished distributing the share.

Shen Beipeng glanced at Xu Xiaoming with a smile and said:

"Then give you 10 million shares!"

Xu Xiaoming wanted to ask for more, but considering that the scale of the Zhenke Fund was still too small, he couldn't eat it if he had more shares. I had to nod my head in approval.

The four parties drafted a contract and initiated the establishment of a win-win fund for the industry.

The total size of the fund is 300 million US dollars, and Ruixiang invests 100 million, which occupies a dominant position, and the naming right is also given to Ruixiang.

The fund term is 5+2 years, with a 5-year lock-up period and a 2-year exit period. It is not until 2021 that the investment project can be considered for liquidation and exit at the longest.

Several directions have been initially selected in the investment field, mainly high-tech and consumer services, supplemented by education, medical care, industrial science and technology, etc.

The intention to invest has been reached, but there is still a lot of work to be done.

The first is team building, several LPs have to send some professional investment talents to Ruixiang Industry Win-Win Fund, although Ruixiang occupies a dominant position, but several other institutions also have the right to supervise the fund. It is a multi-party co-management model.

Zhang Yida has no opinion on this, there is a shortage of talents, and the more the merrier.

In addition, the establishment of the fund has to hold a high-level inaugural meeting. To make a name for yourself, you can get twice the result with half the effort for follow-up investment.

In this regard, Zhang Yida has no reason to object. In this way, the establishment of the fund was basically agreed upon by all parties.