These conditions are harsh on both sides.

Regardless of the number of rounds of financing, Kleist will hold no less than 20% of the shares, which means that Davide must also let himself hold more than 20%, and in order to achieve such a goal, Davide must make a new compromise with the participating capital.

And 120% of the repurchase price, the loss is real money.

Referring to the current valuation, 20 percent of 1.2 billion is worth 240 million, and if it is repurchased at 120 percent, Davide will have to pay an additional 48 million.

That's just the price of 1.2 billion, what if it's 12 billion?

That's an extra 480 million.

It's definitely not a small amount of money.

As for Kleist, who had planned to withdraw after three years, they must now withdraw within a year and a half to end the investment in the project.

In a year and a half, you may have to go through several financings.

In serious cases, it is even possible to miss an IPO – generally referred to as an initial public offering, which refers to the process by which a company issues additional shares to investors through an initial public offering on a stock exchange in order to raise funds for the development of the enterprise.

The potential loss is far more than 480 million.

Pei Qianlong sometimes can't understand people like Davide, Kleist was the first to invest in him, except for bullying him a little harder, he didn't do anything to be sorry for him.

Other entrepreneurs, in order to attract investment, beg grandpa to sue grandma, and even sometimes have to make additional sacrifices.

How did it become an irreconcilable contradiction to us?

It can only be said that this kind of second-generation brain is really problematic, too self-centered, and can't allow others to take advantage of him.

Of course, you can also understand that there is nothing wrong with an entrepreneur who works hard to develop his career in a healthy direction and is unwilling to be manipulated by capital.

Then it was the turn of worship.

Because the production cost of worship's bicycle is too high, about 2.5 times that of FOR, the market share is slightly lower, and the pre-financing valuation is only 700 million.

In the name of Winter Capital, Kleist has a 35% share in worship, and after valuation, the original cumulative investment of 66.5 million has increased to 35% of 700 million, that is, 245 million.

This time, 300 million funds were raised for the company's rapid expansion.

Then the valuation after financing will reach 1 billion.

Kleist's 245 million, under the premise of a valuation of 1 billion, the share was diluted to 24.5%.

Pei Qianlong asked to maintain a 30% share, and he had to make up 5.5% of the chasing investment.

5.5% of 1 billion is 55 million.

In this way, Kleist pursued 55 million through Winter Capital and continued to maintain a 30% controlling stake in Worship Bicycle.

Pei Qianlong also made a promise to withdraw after a year and a half.

Of course, correspondingly, he also got 120% of the repurchase price - this is not difficult to get, if he divests all now, a lot of capital is willing to be a takeover at 120% of the price.

Hi Bikes was valued at 600 million before financing, and plans to raise 200 million.

Kleist pursued 50 million yuan through the Happiness Fund and continued to maintain a 30% share, and the rest was subscribed by Jiuzhou Venture Capital and other capital.

A one-and-a-half-year exit period in exchange for a 120% buyback would not be rejected by any up-and-coming company.

Hi is no exception, because 120% of the repurchased shares, 200% of the increase in value may be sold to other capital, and the profits generated can be at the disposal of the founder.

Isn't it for money to start a business?

The capital market's recognition of the valuation of these three companies has further stimulated the hot financing activities of shared bicycles, and in the following time, many shared bicycle brands have appeared almost every month, and there are constantly shared bicycle brands that have been favored by capital.

However, due to various reasons such as market coverage and business models, they have been left far behind by FOR, worship, and Hi.

If the current pace of development continues, it is very likely that there will be another round of financing in the middle of the year, and it will not be more than July and August at first, because a few people really can't support them for too long.

However, Pei Qianlong still failed to spend 600 million.

The three of them only ate 120 million yuan in total, not because Pei Qianlong didn't want to give more, but because the founder couldn't eat it.

Based on the current valuation, if Pei Qianlong continues to invest more, it is really unclear who owns the company.

However, the remaining 460 million is not difficult for Pei Qianlong.

Throw 80 million to Zhang Jincheng, let him toss the new variety show, and give another 500 million as the production cost of "I Want to Release a Record" and "The Ultimate Challenge", which is not enough.

It doesn't matter if it's not enough, there is still money in the company's account.

When the time comes, just count it from the company's account.

Mr. Pei is talented, Lin Dong is very satisfied, and he has a sense of satisfaction that he gets the whole world when he gets Lao Pei.

Exceeding the target.

He now owes the company 120 million.

Of course, Boss Lin is not so confused that he can really sit back and relax in the future, he must settle "Burst Silent" immediately, otherwise when "Xinshu Mountain" comes out, everything will have to start from scratch.

The production cost of "Bursting Silence" is 18 million, and the total amount of publicity is 25 million.

Compared with director Xin Yukun's debut film "Labyrinth of the Mind", the cost of this film has increased more than tenfold, but it is still not a big production, not even a medium production.

It's still a small-budget movie.

In view of the fact that "Labyrinth of the Mind" cost only two million, but it won more than 10 million box office, and was blown up by various film critics for its "bad" record, Lin Dong couldn't believe that this "Cracked Silence" would lose money.

If it weren't for the "hint" given to him by the system, Lin Dong might have settled the movie a few days ago.

【Billing......

[Project name movie "Bursting Silence", the production cost is 25 million, the total box office is 67 million, according to the proportion of investment, you have lost a total of 2.72 million, congratulations on your successful loss]

[Since the consumption is not the starting capital of the system, the gold will not be settled]

[At the end of the settlement, the starting amount of the next round is 9 million, and the current fund balance of your system account is 0 yuan (excluding other funds in the company's account)]

It's a loss!

Although the loss is not much, only more than 2 million, compared with the current huge capital flow, this money is not enough to even plug the gaps, but the real significance of this settlement is to get a starting capital of 9 million.

Then the rest is simple.

He can immediately invest in a "documentary", although the technical content of the documentary is relatively low, but the starting capital is 9 million, and the score is quite low.