Liu Ruoyi didn't know that before Ma Yun came to Xiangjiang to meet Aurora Ventures, he had actually conducted a round of negotiations with previous investors.

Judging from the feedback from investors, they are still very optimistic about this project, and they are also very motivated to pay money.

However, what makes Lao Ma unhappy is that these investors have a great appetite this time, and they are no longer limited to becoming a financial investor, but have a strong desire to control equity!

To put it simply, investors want to get more than 51% equity!

Judging from the current development trend of Ahri, Ahri has basically entered the stage of seeing the dawn, and compared with the hunger and food in the previous two years, Lao Ma or his partners have strong confidence in the future.

In this case, in the face of anyone who jumps out to pick peaches, the old horse has a natural vigilance.

What kind of consequences will the loss of controlling stake lead to, Mr. Ma, who has been working on the Internet for several years, knows better than anyone that raising a child and eventually becoming someone else's child is unbearable.

It is precisely for this reason that Mr. Ma came up with the mentality of leaving Ahri's "benefactor" and looking for a partner.

It just so happened that Aurora Venture Capital Liu Ruoyi left a deep impression on Mr. Ma, so Mr. Ma had this tentative trip to Xiangjiang.

For Mr. Ma, the current form of development has highlighted the importance of diversification of financing channels, and if the main source of funds is tied to an investor, it is not a good thing for the future development of Ahri.

There are not too many things that capital forced to kidnap the founder team, and Mr. Ma now has more knowledge in traveling south and north, and he doesn't dare to take it when he sees someone paying money.

However, Liu Ruoyi doesn't care too much about these hidden secrets, in this matter, Liu Ruoyi only cares about two things, how much to invest?

Although it is said that the more the merrier at this time, Liu Ruoyi, who has ten years of investment banking experience, knows that investors are sometimes too much for the founder team, and it is not a good thing to give too much money and occupy too many shares.

The most important thing for Ahri, a giant gold mine of the future, is to go deep and eat into the largest piece little by little, rather than jumping out all at once and trying to swallow it in one gulp.

Without Mr. Ma and his team doing their best, even if all the shares of Ahri are given to Aurora, Liu Ruoyi believes that 100% of them will not be able to achieve the scale of Ahri in the future, and there is even a probability of more than 90% of them to die!

What about knowing what Ahri has done? These things are not something that can be done by sitting in an office and moving his mouth, how many near-deaths have passed in between?

So Liu Ruoyi's attitude on this matter is very clear, after the first round of intention was reached, Liu Ruoyi next personally went into battle to promote the project with Chu Jinyu.

In this matter, Liu Ruoyi absolutely does not allow any loss, even if she doesn't know that Mr. Ma has contacted investors, Liu Ruoyi also knows that Mr. Ma definitely has a way to deal with the investment.

And the man who claims to be the richest man in Asia has a lot of money in his hand and tempts Mr. Ma to take more money at any time, so that he can harvest more shares in his hands.

If Liu Ruoyi hadn't intervened, this person would have really gotten almost the maximum amount of shares as he wished, and become the biggest winner of a super gold mine like Ahri!

Therefore, even if Liu Ruoyi didn't know that Mr. Ma had visited these financiers, she still had a strong sense of crisis.

Anyway, she knew that there was basically no possibility of losing money when she invested at this time, so she should invest as much as possible within the psychological tolerance of Mr. Ma.

In terms of valuation, Liu Ruoyi will not hesitate to suffer appropriate losses.

Based on such considerations, it is obviously impossible to let Chu Jinyu use normal venture capital negotiation methods to bargain.

Mr. Ma's Taobao plan is purely tens of millions of dollars for a PPT, and such a radical financing method is basically impossible to negotiate without talking about a few months of venture capital.

There are too many variables in such a process, and Liu Ruoyi can't afford to miss the opportunity to get on the first batch of gold panning.

With Liu Ruoyi's leadership, the progress of the negotiations completely exceeded Mr. Ma's expectations, frankly speaking, in addition to the richest man Sun who has a lot of money and "stupid", Mr. Ma did not expect that he would be able to meet a second investor who understands himself and fully trusts his vision.

Although Aurora Venture Capital is not very well-known in the Internet industry now, after all, it has not invested in any listed companies, and Liu Ruoyi's previous big move to invest in Penguin and Wangju is very diverse in name and channel, and the outside world has not yet seen how much relevance it has with Liu Ruoyi.

So Mr. Ma actually came to the trip with half-belief this time, who knew that this trip was really in the right place.

Aurora Ventures is not only very receptive to his new projects, but also has no limit on the amount of financing!

More importantly, Liu Ruoyi takes the control of the founder team as a prerequisite for investment, and requires that the next financing must also be capped by the founder team not losing control, otherwise it will require divestment or a wholly-owned acquisition!

In this way, the founder team is bound to this matter, so that Mr. Ma is completely assured of the intention of Aurora Venture Capital.

Of course, this also makes an informal restriction on Mr. Ma's financing, no matter how well PPT is done, and no matter how big it is in terms of valuation, there are precedents to follow in the industry.

Therefore, even if the two sides negotiated in good faith, the price was finally reached after several rounds of difficult negotiations, and Aurora Ventures obtained a 30% stake in Ahri with a financing of US$75 million, and the entire post-investment valuation of Ahri was US$250 million.

Aurora Ventures successfully squeezed out the previous investors and became the second largest shareholder of Ahri, second only to the founder's team with 47% of the shares.

Although this stake will be diluted in the future with new financing, it is not the state of the final listing stage.

But with this successful cooperation, Liu Ruoyi believes that in the next new financing process, Aurora Ventures will have a great chance to maintain its shares.

Because for Liu Ruoyi, continuing to invest is one of the most important things for her to invest in the Internet sector.

Just like the shares invested in Penguin and Wangju, Liu Ruoyi will not let her shares be diluted, at least she will not give up the status she has so hard to insert before these giants really shine.

Being able to occupy an important equity position in three of the five giants of the Internet in the future is unthinkable for any venture capital company in the future.

If it is said that locking the shares of Penguin, Liu Ruoyi basically booked the status of the richest man in the future, then to this day, he has completed the most important financing of Ahri and become the second largest shareholder of Ahri, and Liu Ruoyi's status as the richest man in the future is unshakable.

No matter how it evolves in the future, the business between the three has begun to have some subtle changes and mutual penetration, such as Penguin's first breakthrough in the field of Internet payment, and Wangju's leading position in the game field has changed considerably.

But on the whole, the genes and foundations of the three families have not changed much, and the development situation is better than the original historical time and space, Liu Ruoyi believes that there is no reason to fail in the next big waves.

The current ones, even if she no longer does any guidance and interference, as long as Liu Ruoyi does not support their competitors, I believe that they will be the ones who will have the last laugh in the future.

Therefore, when the dust of financing cooperation settled, Liu Ruoyi made an exception at the celebration banquet and took a photo with Mr. Ma, who likes to take photos with artists!

Of course, Mr. Ma didn't know at this time that this photo was the first and last group photo of Liu Ruoyi as an investor and the founder of the investment!

It is good to win Ahri's investment, although Liu Ruoyi knows that there will be a large number of rising stars in the mainland's Internet companies, but these companies have made Liu Ruoyi no longer interested in negotiating in person.

As a person who sees through the future, when she locks in the big picture of the future, she has lost most of her interest in these things after being excited.

It's like the top of an artist's career, it's like the clearance of a game, after all this, all that's left is to watch those exciting events come as scheduled, and for others, it's a carnival.

For Liu Ruoyi, it's just a replay of the scenery you've seen, no matter how wonderful it is, that's the same thing.

Now, what Liu Ruoyi wants to do is no longer the chessboard of the mainland.

Xiangjiang Liu Ruoyi Apartment. After getting Ahri's investment, Liu Ruoyi gave herself a half-day vacation and returned to work.

"Vivian, review the transaction data of Liu Neng and Fan Junyu in the past two weeks. ”

Although the negotiation with Ahri was very smooth on the whole, it still took two weeks before and after, of course, for such a large amount of investment, this efficiency is already frighteningly high!

The two oil futures trader candidates on the Xiangjiang side chose to accept the real test of the futures investment department under Aurora Ventures.

"Okay, Sister Annie, I've followed their operations here, and I've learned a lot of futures trading knowledge during this time," Vivian has basically taken over the affairs of the assistant now, and it is the time when she is most motivated, no matter what field Liu Ruoyi is concerned about, she has spent a lot of time studying and researching, and the progress is indeed very great.

"Judging from the results, Liu Neng made a profit of 20% in two weeks, and Fan Junyu made a profit of 12%, and the return on investment of the two individuals is quite amazing!"

Vivian opened the trading software and first called up Liu Neng's trading data, "Liu Neng's transactions are very frequent, basically trading according to the 30-minute moving average and the 60-minute moving average, almost perfectly in accordance with the overall long strategy on the general trend provided by Sister Annie."

When the intraday decline is large, he does not hesitate to take a long position, so several fluctuations with a intraday decline of more than 2% have gained a lot.

When the volatility is not large, choose to clear the position and wait and see, and hardly hold the position overnight. At present, Liu Neng's strategy has worked well. ”

Vivian is very proficient in operating Liu Neng's transaction data, while introducing Liu Ruoyi to Liu Ruoyi, although in terms of terminology, Vivian is not very proficient, but Vivian already has some opinions on the timing and position intention of Liu Neng's operation.

Liu Ruoyi didn't expect Vivian to have such a little talent in this area, and with more than two weeks, she already had a more mature idea of the way of futures trading.

Although this is a post-mortem summary of other people's operations, being able to see these problems is enough to show that this young girl still has a lot of effort to figure out these highly professional operations.

Otherwise, if you look at these boring moving average graphs with ordinary people, where can you see what is the long arrangement, and which are the traps of luring short and luring long!

Liu Neng is not only a master of moving average operation, but also in the implementation of his own established strategy, followed very well, Liu Ruoyi saw that there was a short a little earlier, resulting in losses touching the stop loss line, Liu Neng did not hesitate to execute the stop loss exit.

Most of the time, in the face of the sharp decline in the market, he boldly went long and obtained a very good harvest.

During the two-week operation time, Liu Neng's capital used the maximum leverage of 3 times, obviously leaving a fairly high margin of safety.

In terms of the bland world of the largest period of the oil futures market in the past two weeks, the rise and fall of no more than 5%, and the overall increase of no more than 2%, Liu Neng's operation is simply perfect!

This person is reliable!

After reviewing Liu Neng's trading situation, Liu Ruoyi and Vivian reviewed Fan Junyu's trading records together.

Fan Junyu is a completely different trading style.

In terms of the big strategy, Fan Junyu also perfectly followed Liu Ruoyi's bullish strategy and operated according to the overall bullishness.

It's just that Fan Junyu's trading plan is to keep buying and holding! From the initial 50% buying, to constantly adding positions at low points with the ups and downs of the market, he has always been long, buying small falls, and buying big downs!

If it rises unilaterally, when the gains from the old position create a new margin of safety, continue to buy!

In short, Fan Junyu maintained the position to a high leverage long position level.

By the end of the two weeks, Fan Junyu had gained about 12% with a long position with almost 5 times leverage.

Although Fan Junyu's short-term income seems to be inferior to Liu Neng in terms of income, in terms of risk control, Fan Junyu's operation method is also quite a safe profit method for the volatile and rising world, if the leverage ratio is controlled.

Because there is basically no risk of stepping into the short.

It's just that this kind of operation, in Liu Ruoyi's view, requires a higher amount of funds to ensure that the safe leverage range will not be exceeded in the face of unexpected fluctuations in the future, and only by surviving the fluctuations can we reap the fruits of victory!

For the unilateral rising market, Fan Junyu's method will not have the risk of shorting, while Liu Neng's moving average operation has a certain lag, relatively speaking, the unilateral market income may be less.

If you just do intraday trading, it is likely that you need to keep an eye on the fast in and out of the market for a lot of time, and if there is little change in the day and maintain a slight upward trend, Liu Neng's trading is likely to lack room for operation.

Obviously, these two methods of operation have their own advantages, and Liu Ruoyi can't tell the advantages and disadvantages for a while.

Two or even four weeks to judge the merits of this method is too early.