Then there is the bike-sharing project, and before Pei Qianlong took the initiative to come to the door, one of the three bike-sharing companies came to the door.

There is no money.

Bike-sharing doesn't seem to cost much.

In fact, there are more places to spend money.

Smart locks have to be developed, and it is not just a matter of being able to switch on and off, you must integrate chips, GPS modules and communication modules, and also realize electronic billing and payment.

I invited several doctoral students majoring in robotics, spent huge manpower and material resources, and developed several generations before finally launching it.

The bicycle itself must also be of excellent quality, otherwise it will not be able to meet the multi-frequency and high-intensity use.

Shared bicycles must be technically better than ordinary bicycles in terms of hardware configuration.

Generally, bicycles are particularly prone to breakage, and the tires need to be inflated, lose the chain, are easy to rust, and require a lot of energy to maintain.

In order to solve these problems, Hu Wei invested in building bicycles herself.

The money was spent like running water, and she became the first of the three families to have no money, so after nine months, she contacted Pei Qianlong again.

Also going to the appointment with Hu Wei was Li Jue.

That is, the seed round invested 1.45 million, and the angel round added another 10 million, currently accounting for 15.2%.

Now that the A round of financing is going to be carried out, he will naturally be there as well.

"This is the relevant parameter of shared bicycles...... Hu Wei laid out the things one by one.

"I've ridden." Pei Qianlong didn't look at the parameters.

When the worship bike began to be implemented in the capital, he went for a test ride as soon as possible.

In fact, he has invested in the three shared bicycles, he has been to investigate, in general, FOR is the best in the small yellow bicycle market, worship, that is, the quality of the little red bicycle itself is the best, as for the other hi bicycle, between the two, decent.

At present, there are about 123 bike-sharing brands on the market, and these three are the best.

It's not that Pei Qianlong has a good vision, and he selected the three companies with the most potential at once.

It's because he chose these three, and tens of millions of them will be smashed down, so that these three can develop the best.

If he chooses the other three, then the top three are likely to be replaced, and you can only do things if you have money in these years, and you can't do it without money.

"This is our market development plan, this is the ......" took out a bunch of materials, financing is such a serious matter, especially when Hu Wei wants to continue to increase the valuation.

Pei Qianlong inspected it very carefully.

Asked: "How much do you plan to raise this time and how many shares will be released?" ”

The release here is the same proportional release, and everyone takes out their equity in proportion to it.

If you don't want to be released, it's easy.

Just keep taking the money according to the rules of financing.

Valuation is a difficult thing to calculate.

If you want to describe it simply, you can take a Malatang shop as an example.

The valuation of Malatang depends on: 1. The flow of people who pass through my store every day; 2. My Malatang is better than other people's homes; 3. How much time does passerby A, B and C need to know that my Malatang is delicious; 4. The percentage of people who can accept eating spicy tang (some people don't like spicy food by nature); 5. Among the above-mentioned potential consumers who know that my Malatang is delicious and happen to pass by and can eat Malatang, the proportion of people who will actually buy my Malatang.

Well, these are all ways to illustrate it with data.

To put it simply, it is how much money the owner of the project wants and how much share he is willing to give.

Those who are interested come, those who are not interested go.

"This time it is planned to raise 100 million yuan and release 30% of the share, what do you think?" There is no need to hide the valuation, the higher the valuation, the three here will earn the most.

"It's about 300 million valuation, I think it's okay." Pei Qianlong nodded.

Deduct 30%, then only 70% of what everyone has in their hands will be left.

Pei Qianlong originally had 35%, multiplied by 70%, that is, it was diluted to 24.5%.

Li Jue, who originally accounted for 15.2%, was diluted to 10.64%.

Although the share has decreased, the valuation has risen from 100 million to 300 million, so Kleist's current 24.5% share has appreciated to 73.5 million.

From 35 million to 73.5 million, it has doubled, and this is the charm of the capital game.

The share in Hu Wei's hands, according to the current valuation, has become 100 million.

Became a billionaire in nine months, what more bikes.

Hu Wei was very satisfied.

She tried hard to calm herself, but she couldn't, her mind went blank, her heart pounded violently, and she even suspected that it might jump out of her throat.

"Does Kleist have a more suitable capital friend, pull it in and do it together." Li Jue raised his glass, and he was much calmer.

He doesn't care about this money yet.

Unless you can make hundreds of millions, it's just a small fight.

"On our side, the share remains the same, chasing 10.5% of the funds, about 31.5 million, right, do you have any ideas for the rest?" Pei Qianlong did not answer this question, but put forward his own request.

10.5% is not too much, but Hu Wei and Li Jue actually don't want to accept it.

Because of this pool, you have to bring in more water in order for it to be active.

Otherwise, the three of them will play by themselves, and who will the valuation be estimated to.

However, what Pei Qianlong wanted was just to keep his share unchanged, and he didn't want to increase it with the lion's big mouth, so this matter was barely within the range of their tolerance.

Li Jue shook his head, he didn't add more.

10.46% is enough for him for the time being, he never puts his eggs in one basket, and there is no need to compete with Pei Qianlong in this project.

As a result, the A round of financing of worship removed Kleist's 31.5 million and continued to raise 68.5 million externally.

Worship Bicycle is the second largest brand in the industry, and after the open recruitment, several capitals such as Panda Capital and Joy Capital came up to carve it up.

Worship has a Series A financing.

Naturally, OFO will not be idle, they spend a lot of money on the market, and the money is almost spent.

So as soon as Pei Qianlong finished worshipping here, he was invited to FOR.

Here are also the existing partners to discuss the valuation, and Davide, the founder of FPR, thinks that it is better to do it himself than to worship.

Therefore, his valuation is 350 million.

Pei Qianlong has no opinion on this at all, and he doesn't care how much he valuses.

Of course, Davide can't go too far, he also came to such a conclusion after scientific demonstration, market investigation, and even consulting some investment institutions.

Otherwise, if you don't recognize your valuation, it's useless. Cow Bar Literature Network

Here in the small yellow car, Kleist's Dalong Technology invested 50 million, accounting for 45% of the share, so Pei Qianlong proposed to make up the funds and continue to maintain a 45% share.

That's what he's doing over there.

Unexpectedly, it was opposed by Davide.

"If it is diluted by 30% and you make up to 45%, then I will only have 45.5% left, and if there is another round like this, who is this company?"

Pei Qianlong was speechless.

Why is there such a big gap between entrepreneurs and entrepreneurs?

Don't say that I haven't surpassed you in the A round, do you know that I account for 35% of the worship over there, and Hu Wei is now only 34.86%, 0.14% less than me, why didn't people ask such questions.

In fact, Davide had the confidence to raise objections.

First, Kleist's share is indeed a bit too much, and he gave 45% ruthlessly for the sake of funds, which is very rare in angel round investment.

Second, he had already contacted several capitals before this, and the other party had shown their intentions.

If he could, he would even want to kick out the giant crocodile Kleist.

Although it is not impossible, his losses will be very exaggerated.

You dare to kick the angel round investor, and whoever dares to cooperate with you in the future will be rejected by capital in his life.

"That's it, no matter how you raise money in the future, I promise that our share of Dalong Technology will not exceed yours, so it's always okay, right?" Pei Qianlong didn't mind reducing it a little.

45% is really too much.

As long as it is not less than 30%, he can accept it.

But Davide's attitude was really unpleasant, so he was not used to this child.

The little power in your family, our family doesn't care about it at all.

"Mr. Pei, you also know that if the company wants to develop, it must introduce more capital in, which also has far-reaching significance for the entire industry, if you make up to 45%, you have to take out 13% to you, in that case, only 17% can be taken out of financing, which can not make any waves in the capital circle." Davide still can't accept the fact that Dalong Technology is only 0.5% short of surpassing him.

When the time comes, Dalong Technology can make him withdraw from any capital that he can combine casually.

"Mr. Dai, we are capital, not enterprises, and we have no plans to deepen the sharing economy, so you don't need to worry about us being a threat to you at all, but you can take us as your most solid backing, and we will help you defend the rear." Pei Qianlong did not back down.

The two argued for a while.

Pei Qianlong was a little impatient, he had a lot of things to do, and he even made an appointment with someone over there to talk about investment in the afternoon.

"If we make up the share, we need to come up with 45.5 million, so let's give 50 million, and you can do the extra money," he paused and said slowly: "Actually, I think the valuation of your project is a bit small, how can you do 350 million, at least 1.8 billion ......"

Davide was stunned for a moment at first, and even wondered if he had really underestimated.

But he wasn't really stupid, and he quickly understood the sinister intentions of the person in front of him, and almost broke out in a cold sweat.

Your uncle, you're too vicious.

No, it's vicious!

Is this something that people can come up with?

Yes, Pei Qianlong is threatening him.

Aren't you valued at 350 million, I, the major shareholder, insist that you underestimate.

There's a lot of fame in it.

First of all, if it is really estimated at one billion, it is estimated that no one will still look at this project.

After all, capital is not an iron-headed baby.

They know better than anyone how much it's worth.

Secondly, Pei Qianlong can bite the bullet and say that Davide lowered the valuation for commercial fraud, undervalued the project, and then united with other capital to embezzle the interests that should belong to him.

If the valuation is 350 million, the diluted 13% of Dalong Technology is worth 45.5 million.

If the valuation is one billion, the diluted 13% of Dalong Technology is worth 130 million.

Let's go to court, you have embezzled my assets of 84.5 million.

As for the final outcome of the lawsuit, it does not matter, what matters is that the lawsuit can drag FOR to death, which is still in its infancy.

Of course, looking at the entire investment circle, no capital will play like this.

Wouldn't a normal human do that.

Playing FOR to death, what Davide lost was just a project, and he could make a comeback if he changed a project, but what Dalong Technology lost was the real 50 million of the angel wheel.

Davide looked at Pei Qianlong who was drinking tea slowly, and knew that he had encountered a ruthless character.

He stuffed his arrogance back and said with difficulty: "Since Mr. Pei is so optimistic about this project, then I won't stop it, just according to what you said, 50 million to make up the share, and in the future financing, you can't exceed my share." ”

"Mr. Dai, we have a happy cooperation, I am really optimistic about the FOR project, you can do it freely, and we will refinance when we are short of money."

Pei Qianlong doesn't care about the rest of the things.

It doesn't matter who enters the arena, they won't run away anyway.

These days, as long as he doesn't want to, no one can take even a coin from his hand.

After finishing the investment, Pei Qianlong went to find Lin Dong.

When he went, Du Qixi had just finished talking about "Hearing Youth", and the contract had already been signed, Pei Qianlong looked at Mr. Lin's expression and could sense Mr. Lin's joy.

He couldn't think of anything to be happy about such a music-focused movie.

It's not bad if you don't lose, and you still expect it to make money?

It's just that he is not currently responsible for film and television investment, so he ignores all related issues.

"What do you mean?" Pei Qianlong talked about the situation of sharing bicycles, but Lin Dong didn't understand why the money invested suddenly increased in value.

"We spent a total of 100 million on two rounds of financing to invest in FOR, and their A round valuation was 350 million, which means that our 100 million investment became 157.5 million and earned 57.5 million."

"What about the other two?" I'm so panicked, what should I do?

"Hey, the development over there is a bit slow, the A round may not be until March or April, if you worship, we have invested a total of 66.5 million in two rounds, and at present, according to the valuation of 300 million, we have earned 38.5 million."

Then, Pei Qianlong jokingly talked about teaching Davide a lesson, but it was originally his vicious trick, and after relaying, it became a persuasive education for his righteous words, and successfully made the other party admit his mistake in shame.

"Uh-oh." Lin Dong's eyes were a little dull.

It's only been a few months, right?

It's even worse than the bug I settled early.

Okay, we're just investing, and we'll have to wait ten or eight years before we can start making a profit.

How did you start making money so quickly.

And tens of millions of dollars are earned, since it is not profitable for the time being, how did all this money come from.