Chapter 307: $2.8 Billion Valuation
"By the way, I have already done your last total stock ownership plan!"
Zhou Xiaoqing was in the filing cabinet, took out a plan, and handed it over.
Since the development of the group buying industry, because of the financial crisis in 08, the first "Thousand Group War" was far less tragic than that of another time and space, and it ended in advance.
But competition has always existed.
QQ group buying, Dianping, and Qiandu glutinous rice, in addition to constantly competing with Meituan in the market, also continue to poach people with high salaries.
At one time, Meituan lost a lot of elites.
In this case, the best way is to give employees a sense of belonging.
In addition to giving a small number of shares and options to the management, the elite backbone should not be less.
Gan Jiawei is constantly using options to flickering the team. But fortunately, although Lu Yan is careful in his calculations, in terms of options, he is still constantly pushing down layer by layer, until the "full shareholding" plan at this moment.
Lu Yan opened the document and looked at it, and the regular employees who signed the labor contract for 6 months before July 1 and are currently on the job can have the qualification for the first phase of public options, the number of options issued is 500 shares per person, and the exercise price per share is 0.96 US dollars, which will be cashed out in four years.
There are not many options assigned to individual employees, but it is still a lot of income to be listed.
Moreover, having this thing is like hanging a carrot in front of the donkey's eyes, and you can always hook it and try to move forward.
Other companies want to poach people, and the loss of options is a hurdle that cannot be bypassed.
"Okay, let's do it according to this!" Lu Yan carefully read the document and signed it.
Zhou Xiaoqing glanced at it before locking it in the cabinet. He turned around and said: "In this way, the whole company will be tied to the chariot by you!"
Lu Yan smiled: "Shopping malls are like battlefields, not to mention this kind of money-burning play, there is no way out!"
After a pause, he said, "By the way, what did Ahri say?"
Zhou Xiaoqing smiled: "Naturally, I want to lower the valuation, in my estimation, it should be 2.8 billion US dollars, more than 3 times that of last year! In addition, since last month, the company's profit and loss has achieved monthly balance for the first time, and by the end of the year, it is expected that there will be no loss!"
Don't look at Meituan, this will be the boss of domestic group buying companies, with a firm lead in market share. However, for the sake of occupying the market, it has always been operating in a loss-making state, and its valuation is getting higher and higher, which is very different from traditional enterprises.
Just like QQ at the beginning, 500,000 yuan couldn't be sold because many bigwigs couldn't see its value back then.
Brother Xiao Ma also said, I don't know where the profit point is, but I know that many people like it, and people who go online use it. Finally, find the right profit model, and the company will be on the ground.
In these years, everyone is competing for users, traffic, and entrance!
"At this stage, it is still mainly to develop the market, and it is good to ensure that the breakeven is maintained throughout the year, and in terms of profitability, don't think too much!"
Zhou Xiaoqing nodded and said, "I understand!"
He immediately sighed, "In the past, I always thought that the real estate business was good, but now it seems that the Internet business is not bad." With a valuation of $2.8 billion, how many houses do you have to sell!"
Lu Yan smiled: "There are two ways to play, which one is done well, it is not easy!"
"Yes!" Zhou Xiaoqing sighed with emotion, and then said: "You said that one day, the company will be listed, how much can the market value be?"
"How can I get two or three hundred billion yuan!"
"Isn't that much more than the market value of my real estate company!"
Although, at this moment, it is the BAT era, and the market capitalization of the three Internet companies is very high. But I don't dare to think that Lu Yan can get a group buying website that is very easy to be imitated, and one day it will grow to the point of 100 billion market value!
However, no company can succeed casually.
Even if it is a temporary success, it is also a boom, and its death is also sudden!
Just like the scenery is infinite at this moment, Ahri Company, which is ready to lead the investment in Meituan, also has a huge crisis lurking.
That is the blacklist incident, the reason is that at the end of 2010, Jiang Wei, the co-founder of Ahri Group, was transferred to manage the integrity and safety of Zhongsup, which is to investigate and deal with all kinds of bad guys who do anything to make quick money.
In January of the following year, Jiang Yu mentioned the content of his work in a mass email.
"In 2010, the number of buyers who came to complain that they were scammers increased by 20 times every month compared with 2008, and some sales were found, and one person signed in dozens of scam companies, and even took the company's commission in one hand and the bribes of scammers in the other......!
After Ma Yun saw this email by chance, he called Jiang Yu, and found Wei Zhe, who was in charge of the China Supply Iron Army, to inquire about the situation.
Since about the first half of 2010, Ahri has blacklisted scammer clients who can't sign up. Wei Zhe knows the scale of the blacklisted customers, but he is not very clear about the internal and external collusion between employees and blacklisted customers.
Ma Yun was not satisfied, so he investigated it to the end. In the end, Ahri B2B company, from CEO Wei Zhe, to the company's VP and director, to ordinary salesmen, left one after another.
Gan Jiawei, who was in another time and space, finally left the China Supply Iron Army and joined Meituan, and there was this factor.
And now, Gan Jiawei arrived at Lu Yan's Meituan Company ahead of schedule and is in control of the "Ground Push Army".
On the one hand, it is necessary to take carrots and induce front-line personnel to work hard to promote. On the other hand, it is necessary to strictly investigate the sales staff, colluding with the merchants, and defrauding the company of subsidies.
For this reason, Lu Yan even took out two regional managers and fired many salesmen.
It is this style of rapid market development and vigorous management that makes several investment companies optimistic about Meituan's development.
After all, if the management is chaotic, no matter how much money is invested, it will not be able to support it.
In a blink of an eye, in early August, Meituan's Series B financing was officially launched, with a valuation of $2.8 billion and a financing of $300 million.
It was also led by Ahri, followed by Sequoia Capital, General Atlantic Capital, and Bao's Group.
As soon as the news came out, it really shocked the Internet, investment and entertainment circles in an instant.
Because in everyone's feeling, this Meituan has grown too fast, does not give people time to react, and rises rapidly.
After such investment and valuation, there is really no other company in the industry that can compare.
Even if the penguins desperately support Dianping and QQ group buying, and Qiandu supports glutinous rice, it is difficult to compete.
At the signing reception, a reporter curiously asked Ma Yun why he dared to promise such a high valuation!
Ma Yun smiled and said: "The true meaning of investment lies in investing in people! Lu Yan, his name alone is worth 300 million US dollars, which is incomparable to other group buying companies.
The whole business model was proposed by him, how can others compare?"
Everyone knows that this is a good and amazing person, but after hearing this, a group of reporters were also shocked. At the same time, I was secretly happy in my heart, and the manuscript I went back to write was easy to write!