Chapter 197: Others can't pit, I can't pit a pit!

During Wu Jie's rest in China, he needs to sort out his investments and make long-term plans.

He is now investing in a lot of industries, and there are still a lot of them at home and abroad.

In China, it is mainly him who has "Uniqlo" and "foreign trade companies".

Uniqlo is a "clothing supermarket" established by him in order to promote his own clothing brand and Chinese clothing.

He has already found a number of experienced people in mainland China and Hong Kong to manage and operate, and the first Uniqlo will open in Hong Kong in a few months.

When "Uniqlo" first opened, there was certainly not much supply for sales, and at present, it mainly sells his Chinese stand-up collar and embroidered Tang suits, as well as cheongsams and plagiarized Korean suits, of course, now it is called Chinese suits.

Honestly, these four outfits are not less, because each one can be built into a high-end trend.

Wu Jie really wanted to shape these four kinds of clothing labeled with Chinese labels into high-end collections, and at that time, domestic designers could develop countless branches just by working hard in these four areas, and his "Uniqlo" would not be out of supply at that time.

His foreign trade company has become semi-official, and many imported things are needed domestically, and his company in Hong Kong is used to buy them, mainly managed by Li Xianru and several second-generation officials, and recently he has even imported hundreds of cars.

He actually doesn't want to do this kind of business, but he can't do a lot of things, otherwise he still wants to go to Beidaihe to play cards?

But fortunately, international relations will be eased, and Wu Jie will also be able to help people import various production lines and equipment through this company, and even some high-end equipment can be bought, which will make the United States almost no blockade in the civilian field.

If they have the money to import these advanced production lines and equipment in the next six years, they can completely introduce technology by the way, and make fast-moving consumer goods and necessities such as knives, razor blades, screws, and batteries, which are not much behind, and they can also order the same filling line as Pepsi and Coca-Cola, and even the CRT production line that is only a generation behind Sony.

These are the investments he is making or about to make in China.

He mainly invests in high-tech companies in Silicon Valley in the United States!

This is not to say that he has more vision than others, but that investing in high-tech companies in this era is the outlet, and the world is throwing money at Silicon Valley.

Wu Jie has money in his hands and chooses to invest in this industry, which is not a very strange thing, it can only be said that he threw the money in the right direction.

But if you throw it in the right direction, whether you can hit it accurately or not is another matter.

There are also a large number of high-tech companies that fail every year in Silicon Valley, and there are even more high-tech companies that cheat investment, and even many companies that will succeed in the future will be deceived and abducted at the beginning.

At present, the companies he has invested in the most, the first are Activision and Oracle, in which he holds 35% and 30% of the shares, respectively.

Wu Jie didn't just get a number after investing the money, he put forward a lot of conditions for these two investments, first of all, Activision and Oracle must first set aside 15% of the shares as an option pool, and then invest 1 million and 2 million US dollars, occupying 30% and 25% of the shares respectively.

After the two investments are completed, Activision's equity ratio will be 50% for the five founders, 35% for Wu Jie, and 15% for the option pool.

Oracle's equity ratio is: Larry Ellison 55%, Wu Jie 30%, and option pool 15%.

At the same time, in order to prevent the dilution of the equity in the future, Wu Jie instructed the agent in the United States to put forward several guarantee clauses, such as the "right of first refusal".

This clause requires that when the two companies make the next round of funding, investors in the previous round have the option to continue investing and receive at least a number of new shares corresponding to the current "equity ratio".

This means that even if Activision and Oracle find a big financier in the next round, Wu Jie can still keep his shares unchanged as long as he wants to make additional investments.

In addition, these two investments belong to angel rounds, take Oracle as an example, Wu Jie valued Oracle at $10 million when investing, and Larry Ellison also agreed to this valuation.

Then after the completion of the investment, Oracle's shareholding structure is 55%+30%+15%.

Of course, this is the current value of the company agreed by both parties, not the real value.

In this way, when it comes to the next round of Oracle financing, that is, the A round, if Oracle gives another 20% of the equity to the new investors, not to mention the valuation at that time, Larrison's equity will become 55%× (1-20%)=44%, Wu Jie's equity will become 30%× (1-20%)=24%, and the option pool will be 15%× (1-20%)=12%, and the diluted part is the part taken by the A round investors.

If it comes to the B round, it is still 20% of the shares to the new investors, and Wu Jie's equity will become 19.2%.

In this way, until the final listing, Wu Jie's equity ratio is likely to drop to less than 10%, but the value of the shares in his hands is likely to have risen hundreds of times.

But these refer to the situation that he does not make additional investments, and if he feels that the company's prospects are good, then he can make additional investments in each round, so that the benefits obtained after listing will be greater.

In addition, in order to ensure that his interests are not endangered, he also proposed other protection clauses.

For example, the "preferred share conversion right", this clause refers to the fact that when the company gives shares, splits, merges, etc., the conversion price of "preferred shares" in Wu Jie's hands can be adjusted accordingly.

For example, if Wu Jie is now investing at the price of 1 yuan per share, it means that he has 3.5 million shares of Oracle.

If Oracle raises capital again in the future and doubles the number of shares issued, but the value of each share drops to 5 cents a share, then his preferred stock can be converted into 2 common shares.

This clause guarantees his interests as an angel investor, and it also means that the preferred shares in Wu Jie's hands are very valuable.

If the company's performance is booming and the share price of common stock continues to increase, he will cash out when Oracle goes public, and then his preferred stock can even be converted into thousands of common shares per share.

Finally, there is the "complete ratchet clause", which is designed to prevent the depreciation of the shares, because after multiple financings, no one can guarantee that the price of the issued shares will rise every time the financing is raised, and Wu Jie will of course be worried that the value of the shares in his hands will be depreciated due to the next round of price reduction financing, so he asked for a protection clause.

These terms can ensure that he can enjoy the benefits of "Activision" and "Oracle" when they are thriving in the future, just like the original plane of SoftBank's investment in Alibaba, although it was finally forced away by various forces, they still used the initial 20 million US dollars to share Alibaba's later success, and the income when they cashed out had already expanded countless times.

In addition to these two investments, which will definitely have huge returns in the future, Wu Jie has also invested in dozens of high-tech companies this year in order to hide people's eyes.

Most of these are angel investments, and the accumulation is almost more than two million US dollars, and it is estimated that they are all bamboo baskets for water.

These gambling-like venture capitals, which are a small part of his investment, most of his net worth is still a reliable long-term investment, such as long-term buying of Apple, Coca-Cola, Wal-Mart, and Home Depot stocks.

These are all his current business activities, basically making money from endorsements and salaries, and then most of them are invested in Silicon Valley + buying stocks.

It is not clear whether he is making money or losing money in the short term, but it will not take ten years, and in five or six years, his net worth should be hundreds of millions of dollars.

Wu Jie not only invests in Silicon Valley, but also invests in these tool people in China.

At this time, Shen Lang had already gone to Ecuador with the Chinese swimming team to prepare for the World Swimming Championships at the end of the month.

The business route arranged by Wu Jie for him is very simple, that is, real estate + large supermarket + hotel, and then make money from real estate and then invest in industry.

The only problem now is that real estate can't be done before 84 years, Shen Lang needs to find a way to buy back the land he originally handed over at a low price, and then wait for 84 years to build a hotel, build an office building only to rent and not sell, anyway, with their connections in the future, this line will definitely make a lot of money.

At this time, Luda was in Beijing to discuss cooperation with a television factory that was seriously losing money and was on the verge of bankruptcy.

Of course, he wanted to start a home appliance business, and a month ago he had bought a washing machine factory that was also on the verge of closure.

Luda wants to enter the field of white goods, which is naturally Wu Jie's instruction, and the domestic demand for the three major pieces will snowball in the next 20 years, and this will happen to be the collapse of a large number of state-owned household power plants in China.

Since the beginning of this year, the state has begun to accelerate the expansion of the scope of private ownership.

At this time, it is only a year or two before the opening of private electrical appliance factories, and if there is a way to do so, it can be laid out in advance now.

A month ago, Luda successfully obtained a 50% stake in the washing machine factory in the form of a capital injection of 200,000 yuan.

As for why it is 50%, it is naturally because 50% of the shares are not absolutely controlled, and they are still collectively owned enterprises, which can be exploited.

However, the equity transfer agreements signed by Luda with the two electrical appliance factories did not have the guarantee clauses that Wu Jie set when he invested in the United States, and he even set a lot of traps that could be operated later.

The simplest trap is that if you inject capital again in the future, you can dilute the other 50% of the shares and completely become a private enterprise with absolute control.

This is also the most commonly used means of foreign capital in the early days of reform and opening up, that will not know how many enterprises with good business conditions, just swallowed up by foreign capital, and later a large part of the high-precision and high-precision enterprises were hidden after 89 years.

This time, Luda plans to use the same method to get these two electrical appliance factories, which can be regarded as a reminder to domestic enterprises, there are too many hands and feet that joint ventures can do, and even bones will be swallowed if they are not careful.

He fancies a television factory that can produce semiconductor radios and has a production line for black-and-white televisions.

After he bought the TV factory, Wu Jie would start to invest, and at that time, as long as they imported a color TV production line from Japan, which was only a generation behind, they could produce color televisions.

Now the gap in the domestic market for TVs is very large, and the TVs imported from Japan are of good quality, but the price is too expensive; The domestic quality is too poor, and the price is not particularly cheap.

As long as they can find a balance between the TVs they produce,On the premise of ensuring that the performance and quality are only one generation worse than Sony,And then set the price in between,At that time, with their advertising effect,It is not too difficult to become the boss of domestic TV in the 80s。

Of course, this kind of introduction of Sony's production line and technology products belong to their high-end products, they introduce technology at the same time to carry out self-research on this basis, even if the digested product is a generation worse than Sony's previous generation of products, but as long as they are willing to continue to invest, sooner or later they can catch up.

In the early eighties, Samsung was also a big step behind Japanese products in the field of household appliances, but it still caught up with the support of the domestic market.

Now using their idol effect, they can also get the support of the domestic market, but this market is much larger than that of South Korea.

Whether it is a TV, a washing machine, a refrigerator, or an air conditioner, as long as they are willing to research and develop, they can definitely let Chinese home appliances occupy the world ten years earlier, and also occupy a place in the high-end field.