It is difficult to estimate the enterprise value of startups in the early stage, and VCs are just a few figures based on the proportion of shares and invested funds, which does not mean that the company is really "worth" of the money.

For example, the first venture capital of "Samadhi True Fire" was US$1 million, and the post-investment valuation of Ele.me was US$2.5 million, accounting for 40% of the shares.

In the second round, Jingwei China led the investment, and Samadhi True Fire followed another million, but the total shareholding ratio dropped to 37%.

By the third time, Sequoia Capital led the investment of 25 million US dollars, and Samadhi True Fire followed the investment of 4 million.

Because the post-investment valuation is as high as 90 million US dollars, the shareholding ratio of Samadhi Zhenhuo has dropped to 31%.

As for this fourth time, the post-investment valuation is 500 million US dollars, and Volkswagen plans to invest 80 million US dollars.

It is in the hands of Samadhi True Fire, and the equity that has not been diluted has been worth as much as 130 million US dollars.

If Samadhi Zhenhuo is allowed to withdraw as a whole and buy this part of the equity, the rest of the venture capital companies are not willing to pay this money, and Dianping is not financially sufficient.

So after another negotiation, Lu Yan got $42.5 million to get out of Ele.me.

And the initial investment was only $2 million on his head, more than ten times the income.

If the venture capital project is chosen, it is quite profitable.

But this money is really nothing to him now, and he can't even buy a top-level business jet.

After the matter of Ele.me was resolved, he placed an order for the purchase of a 460 million yuan Gulfstream G650 and a 6 million yuan Robinson R44 helicopter.

Chen Ruile is almost unable to walk.

After a period of time, Lu Yan focused on Meituan takeaway, preparing to deal with the challenge from Ele.me.

Some people in the company don't understand Lu Yan's operation.

The soldiers in front use their lives, why is Your Majesty the enemy?

You have so many shares in Ele.me, it is equivalent to tying a chain around their necks, why bother to untie it at this time!

Or directly acquire, won't it dominate the takeaway market?

Lu Yan gathered a group of executives from Meituan Takeaway together to preach.

The lyrics are: "Our opponent is not hungry, but the capital of profit." If we are not hungry, there will be other takeaway companies that will be supported by capital to compete with us for the market.

Just like Alipay has dominated the mobile payment market for many years, but almost overnight, it was attacked by WeChat Pay on Pearl Harbor and lost half of the country.

A team that has not fought a tough battle is not a good team, it will only be big and weak, and it is easier for people to detect weaknesses.

Compared to those unknown potential opponents, this one, we at least know better!"

In another time and space, Meituan and Ele.me are divided into two parts of the world, and there is also a tailwind to enter the game. As long as there are profits and opportunities, there will always be opponents, and no one can sit firmly.

These words reached Zhang Ahao's ears, and the latter immediately felt that he was being provoked.

In fact, he has not been very satisfied

Entrepreneurs can quickly grow their enterprises by taking venture capital from VCs. But with the financing again and again, the shares in his hands have also shrunk rapidly.

For example, Zhang Ahao, this will be in Ele.me's equity, which has shrunk to 6%. When he was sold to Ahri, he had less than 2% of his stake in Ele.me.

To say that he is the founder is actually working for capital.

In contrast, several companies set up by Lu Yan used high amounts of their own funds every time they started. Financing is very cautious, and as many shares are kept as much as possible.

Zhang Ahao has a strong style, and after obtaining 80 million yuan of financing from Volkswagen, he once again rapidly expanded the team.

The number of employees has expanded from 200 to 5,000, and newcomers have joined the company and taken a three-day boxing class to train wolf nature.

Then the number of cities that opened the station was rapidly expanded from 12 to 200, just to have a good fight with Meituan Takeaway.

Lu Yan was talking and laughing here, and the financing process of Ele.me was under his control, so he naturally prepared early.

In the summer of 14 years, the two companies were full of gunpowder, and they both took out a lot of funds to send subsidies, and finally started the takeaway market in a hurry.

To be honest, before the subsidy war between the two companies, takeaway was not so deeply rooted in the hearts of the people.

For users, the first feeling must be expensive!

But Meituan Takeaway and Ele.me are a dozen, and user benefits are coming.

Many hard-working student parties were surprised to find that ordering a takeout to be delivered to the dormitory was often less than five yuan, and there was a free drink, who still eats in the cafeteria in this Nima!

Some of the school cafeterias that were hit even posted downstairs in the dorm room, I eat the cafeteria I am proud of the post.

No way, Internet companies are too ruthless.

At this time, those who participated in the chaotic war were actually not only Meituan Takeaway and Eleme, but also Qiandu Takeaway, which had not been in the game for a long time.

After searching for a huge amount of money to buy the "application market", I found that the diversion of this thing was limited, and takeaway became a new outlet, so I invested heavily in it.

And Ahri's Ma Yun is not idle, making a Taodian point, and also wants to get a piece of the takeaway soup.

Several chaotic wars and various subsidies have been raised, forcing the whole people to accept this new way of life. If you are tired from a day of work and get home, it is cheap to do it yourself, it is hard not to be impressed!

Even Lu Yan himself occasionally asks his secretary to order a takeout for him to experience life.

In Shenghai's Meituan takeaway branch, Lu Yan was reading a report about a fight between the food delivery brothers of the two companies.

The subsidy war has made up for the fire, and in the past month, the two companies have broken out in employee conflicts.

While pondering, there was a knock on the office door, and Ruan Mengyao walked in with two lunch boxes.

smiled and said, "Don't be busy, brother-in-law, hurry up and eat!"

She came to Shenghai to take a taxi at first, but with her Northeast accent, Ruan surname and appearance, too many people guessed that she was Lu Yan's sister-in-law.

There are not too many people who want to pursue her over there, and there are many male superiors, in the name of talking about work, frequent contact, which makes Ruan Mengyao very annoying.

In desperation, Lu Yan asked her to come to Meituan in the name of her senior assistant.

Ruan Mengyao is also quite satisfied with this position, and follows her brother-in-law around for business negotiations, and comes into contact with people who are either rich or noble.

It's like on the side of Yi Xing, all the people I met were guys who thought they were young talents.

Putting the food box on the table, Ruan Mengyao said, "Brother-in-law, let's eat first!"

"Hmm!"

Lu Yan answered, opened the lunch box, a red stewed mutton, and a dried Youxian fragrant meat, which were ordered from a Hunan restaurant near the company.

Ruan Mengyao opened the rice and took a stool to sit down opposite Lu Yan.

"Have you been adapting lately?"

Most of the time, he is still busy with work, he thought that Ruan Mengyao's delicate temperament would be bitter, but who knew that he actually did it well, Lu Yan considered it, transferred this girl out and took care of a certain stall.

Follow him, just to experience, how can there be a reason for my sister-in-law to be an assistant for a long time!