At 13:18 p.m. on October 2, Wu Sijie took flight UA889 and arrived at San Francisco International Airport.

At the airport, he met Mu Long, who went to pick him up, and Wu Sijie was directly led by Mu Long to the penthouse on Bian Xuedao near Fisherman's Wharf.

did not let his subordinates live in a hotel, but directly arranged to live at home, which can be regarded as preferential treatment.

Wu Sijie is worthy of the preferential treatment of Bian Xuedao.

He came to San Francisco and brought good news to Bian Xuedao - on the basis of the content of the previous fax, Wu Sijie won 5 points of shares from the founding team of Dajiang, which increased Bian Xuedao's shareholding ratio from 36% to 41%, second only to Weng Yong, who held 46% of the shares, and was the second largest shareholder of Dajiang UAV Company.

How much did Wu Sijie pay for getting a 41% stake from Weng Yong and the founding team of Dajiang, as well as the exclusive rights of Dajiang in North America and Europe?

The answer is $1 million, which is equivalent to about 6.78 million yuan.

According to the scale and achievements of Dajiang UAV Company at this time, this valuation is obviously high, but after personally inspecting the Dajiang UAV project, Wu Sijie agrees with Bian Xuedao's idea, and he also feels that Dajiang has great potential and is worth investing.

Wu Sijie saw the potential of Dae, but he couldn't be sure how big Dae's potential was.

What Wu Sijie can't be sure of, Bian Xuedao can be sure.

He clearly remembers that in his previous life, in 2014, the market value of Dajiang UAV Company was 10 billion US dollars.

In other words, in another 6 years, his 41% stake will be worth $4.1 billion, not counting the earnings generated by the general agents in North America and Europe.

It's a standard book of profits!

What's more, he doesn't have to do anything, he doesn't have to worry about anything, as long as he does his due diligence on a regular basis, he can wait to collect the money.

Of course, if Weng Yong and Dajiang's people dare to play tricks, Bian Xuedao will use legal weapons to force them to the point that they are penniless, have nowhere to hide, and cannot turn over for the rest of their lives.

Well, that's all assumptions for the worst.

In fact, it is difficult for Weng Yong and Dajiang's people to play any tricks, because they negotiate with Wu Sijie, a domestic first-class capital operation master who is highly respected by Zhu Zhichun and only invites them to move, with a "prominent financial academic background + almost perfect professional career".

It is basically impossible to exploit the loophole of Wu Sijie in the investment contract.

……

……

16:20 p.m.

The white BMW M3 is parked downstairs in the Bianxue Taoist apartment.

Unbuckle his seat belt, and asked, "Don't go up?"

Su Yi held the steering wheel and said, "Don't go up, I'll go back to San Ramon." ”

"Oh. Pushing the door and getting out of the car, Bian Xuedao held on to the car door and said, "Pay attention to safety on the road." ”

Su Yi smiled and said, "I know." ”

Watching the white M3 start and drive away, Bian Xuedao turned around and walked into the apartment.

M3 drove out a few blocks, suddenly slowed down, and pulled over.

In the car.

Su Yi took out a bottle of water and drank it slowly, then turned his head to look at the passenger seat that Bian Xuedao had just sat on, his eyes were calm, and outsiders couldn't guess what she was thinking.

……

……

19:45 p.m.

When the lights are turned on, the rooftop terrace is both dazzling and welcoming.

A glass wall erected around the terrace keeps the wind out, preserving the stunning night view of San Francisco.

Sitting on a beach chair by the pool on the rooftop, Wu Sijie said sincerely: "This terrace has a good view, and when I retire, I will also buy a house like this." ”

Bian Xuedao said with a smile: "You don't have to wait for retirement, now is the lowest house price in the United States, and it is a good time to start." ”

Wu Sijie shook his head and said: "It's definitely not the lowest point now, I estimate that by waiting until March or April next year, I will almost be able to make a move." ”

After speaking, Wu Sijie took out a thick document bag from his briefcase and handed it to Bian Xuedao.

Taking the file bag, he asked, "What is this?"

"Investment Agreement. ”

Weighing the document bag, Bian Xuedao asked in surprise, "So thick?"

Wu Sijie said: "Just in case." ”

"Oh?"

Wu Sijie said: "An investor must not only know the project, but also the people. The team of Dajiang UAV is full of novices who have just stepped out of the campus, and such an entrepreneurial team has a common problem, which likes to overestimate their own ability and underestimate the power of capital. There is also that Weng Yong, this person is arrogant and arrogant, and it is not easy to get along with, and when dealing with such a person, he must block all his impulsive and risky paths. ”

Hearing Wu Sijie say this, Bian Xuedao opened the file bag, took out the thick investment agreement, and read it.

Take a look......

Sure enough, all the ways to take impulsive adventures and play tricks were blocked.

For example, anti-dilution clauses.

Terms and conditions: TCV shall ensure that the share of the investor (Timona Entertainment) shall not be reduced at any time for any reason, otherwise the decision to reduce the investor's shares shall be null and void ab initio.

For example, non-competition and part-time employment prohibitions.

The terms stipulate that during the existence of the labor relationship and within 3 years after the termination of the labor relationship, the founding team members of Dajiang UAV are prohibited from directly or indirectly engaging in the research and development and sales of UAVs. The founding team members shall not work in units or companies that produce similar products or operate similar businesses and have a competitive or other interest, nor shall they produce and operate similar products that are competitive with the original unit.

For example, the observer rights clause.

The investor (Timona Entertainment) sent an observer to Dajiang UAV, who could participate in the board meeting, but did not have the right to speak or vote, and could not participate in substantive discussions. The observer has access to all information on the Board meeting and may make a formal proposal in writing after the meeting, and the Board shall respond in writing within 5 days.

For example, a co-sale clause.

When the founding team of Dajiang UAV transfers shares, the investor (Timona Entertainment) has the right to require the purchaser to acquire its shares under the same conditions, otherwise, the founding team of Dajiang UAV shall not transfer the shares. If it has been transferred, it shall be invalid.

For example, a pre-emptive right clause.

The investor (Timona Entertainment) has the right of first refusal to purchase under the same conditions in the transfer of equity by other shareholders and the company's capital increase and share expansion.

There are also self-dealing prohibition clauses, loan guarantee restriction clauses, right to exit clauses, and right to know clauses......

Putting down the investment agreement in his hand, Bian Xuedao asked Wu Sijie with a smile: "What were the expressions of Dajiang's gang when they saw this contract?"

Wu Sijie recalled for a moment and said: "The expression is normal. ”

Bian Xuedao: "......"

"Business-is-business, if they push back on this agreement, then I have reason to suspect that they have bad intentions," Wu said. ”

After being silent for a while, thinking of the $1.5 billion bond that Youdao Group was about to issue, Bian Xuedao looked at the brightly lit San Francisco and asked Wu Sijie: "Lao Wu, what do you say is the core of investment?"

Wu Sijie said: "The core of investment is to make money, and the main way is to cash out. ”

"Cash-out ......"

Wu Sijie nodded and said: "All investors in the world only pursue two points when predicting projects - first, they can sell them. Second, it can be sold at a high price. ”

Bian Xuedao asked: "Isn't it good to eat dividends?"

Wu Sijie shook his head: "People who really speculate on real estate buy houses to cash out after waiting for the house to appreciate, not for rent." In the same way, venture capital funds invest in projects to cash out when companies are listed or acquired, not to receive dividends. ”

Bian Xuedao then asked, "What kind of projects are most likely to be favored by venture capital funds?"

Wu Sijie looked at Bian Xuedao in surprise, obviously he felt that this should not be Bian Xuedao's question.

However, the boss asked, and he couldn't help but answer, Wu Sijie said: "In the blue ocean field, companies with broad market prospects and rapid growth are the easiest to be favored by venture capital." Dajiang drones are such companies, and you are really lucky to find them when they are so weak. ”

At this moment, a plane flew through the sky above the two of them, and the red anti-collision lights on the fuselage flashed one after another, and they could still be seen after flying far away.

Lying on a beach chair, his eyes chasing the plane's crash lights until he couldn't see them at all, he said leisurely, "I also think I'm lucky." ”

……

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(Thanks to the starting point alliance leader for his support from "that day, that year, that life, that place".) ）

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