Chapter 048 [BALT Big Four]
Investors are so happy, Luo Sheng has no reason to hesitate, and quoted on the spot: "Transfer 12% of the equity to raise 600 million, with a valuation of 5 billion"
Hearing this number, Xu Chenghua exhaled a long breath in his heart, and smiled bitterly in his heart, he had no money.
A group of investors silently compared it in their hearts, Luo Sheng's valuation of the company is about the same as their mental estimate, a little higher, but for VCs like Goldman Sachs and SoftBank, which are not bad for money, they will not be too entangled.
At this time, Chen Tao looked at Luo Sheng and said with a smile: "Mr. Luo, I have no opinion on the valuation, but can I give up more shares, 20% of the 1.2 billion, and the valuation is 60 billion." ”
Hearing this, Luo Sheng smiled, shook his head and said: "Mr. Chen, even if you are willing to give, I want so many funds to be spent, isn't it a waste of money, for the time being, it will be 600 million, if it is spent in advance, Mr. Chen will not be absent in the follow-up round of financing." ”
Lao Chen just said casually, knowing that Luo Sheng was the master of a personal little ghost, a rare and extremely cunning little fox, and it was more difficult to take advantage of him than to ascend to the sky.
The other people at the meeting couldn't help but slander in their hearts, what a hell of a life, there was a horse boss who was a fox before, and now another one has appeared, and there are still investors who hate giving too much money this year.
What's worse is that the founder over there still thinks that there is too much money, don't you? If this spreads, how can it be embarrassing for those entrepreneurial teams who are looking forward to attracting investment all day long.
You must know that the current market, although the industry is saying that the cold winter has gone, is picking up.
But as long as you look at how many companies have been financed in the capital market, it is still cold, and many companies are more difficult to borrow and finance than to climb to the sky.
As for Bluestar Technology, that's the exception.
There were not too many accidents, the major VCs looked at the audited financial statements prepared by Luo Sheng, and after the third-party audit team they sent verified, everything was completely consistent, Luo Sheng did not fool people, and investors had no doubts, and soon reached a consensus.
This Series A financing was led by the newly entered Goldman Sachs Capital, and the efficiency was much faster than the previous pre-A round of financing.
In addition to Goldman Sachs Capital, the six new VCs basically can't talk to each other, it's as simple as giving money to take equity, don't agree, Li Yan They can't wait for one less party to share this cake, Bluestar Technology is now the sweetheart of the capital circle, no matter how much it is, it is the most dazzling new star in the current recession.
After the A round of financing, the shareholding structure of Bluestar Technology is as follows:
Option Pool Reservation: 12.276%
Luo Sheng: 64%
Tengxun: 9.37%
SoftBank: 4.45%
Goldman Sachs: 3.35%
Venture Capital: 3.13%
IDG:2.8%
Others: 0.624%
The 12% equity transferred in the Series A financing will also be automatically converted from Class B equity to Class A equity without voting rights.
About two hours later, Luo Sheng signed the agreement with the major investors, and the funds will be credited to the company's account on time after ten days.
The fund of 600 million is not a small amount, and it will naturally take a little time, but the efficiency is also very fast.
With the successful completion of the A round of financing and the completion of the signing ceremony, the news has spread in the industry.
Bluestar Technology successfully obtained 600 million yuan, which is equivalent to about 72 million US dollars in financing excluding exchange rate changes, and the company's valuation is 5 billion, and it is also the only unlisted company in the domestic Internet industry with a valuation of more than 5 billion so far.
A few days after the news of this behavior was swiped, another well-known Internet company was also exposed to the news that it had completed a large amount of financing, that is, Ahri Baba successfully got the third round of financing of 82 million US dollars, which is 10 million US dollars more than Bluestar Technology.
This news reached Luo Sheng's ears, and he was quite surprised, because he remembered that Ahri Baba's third round of financing should start next year, and now it is obviously more than half a year early.
Luo Sheng found that most of it was because of his appearance that the world had quietly changed.
The birth of the two huge financings before and after almost occupied the front page headlines of the industry news, among which people paid special attention to SoftBank Capital, and found that SoftBank Capital was involved in these two huge financing events.
SoftBank invested more than $15 million in Bluestar Technology, which is second only to Goldman Sachs Capital in this Series A financing, and in Ahri Baba's $82 million financing, SoftBank alone smashed $60 million.
Within a few days, the news of the third financing broke out, that is, Shanda Company, and the VCs involved in the financing had the shadow of Goldman Sachs and SoftBank Capital.
Wall Street is particularly keen to invest in domestic Internet startups, and the birth of these three investments has made the Internet industry hot again.
At present, the four most famous unlisted companies in the mainland are Baidu, Tengxun, Ahri, and Bluestar, and the industry media has become accustomed to listing these four companies as "BALT", calling them the four unlisted giants of the domestic Internet, all of which are favored by the investment community.
Among them, the most talked about is Bluestar Technology and the founder Luo Sheng, from the establishment of the company in February to the current third round of financing of 72 million US dollars, it has only been eight months, and the other three Internet companies have been established for more than three years.
The lightning rise of Bluestar Technology is on the one hand, and on the other hand, the reason why it has attracted the attention of the world is that the founder Luo Sheng, who dropped out of Fudan University to start a business, is still about 19 years old.
At this age, everyone else is in a gilded and in love relationship on a college campus, and he has started a company with a valuation of $5 billion.
Don't be too topical.
However, for Yu Luosheng himself, there is no attention, the media wants to interview him, and many media organizations have sent invitations to conduct an interview with him, but obviously, he does not have any time to accept such a meaningless interview.
……
In early October, Jinmao Building, an internal high-level meeting of Bluestar Technology Company.
Luo Sheng held a meeting, Xu Yong, Feng Yi, Qin Weimu and other senior management of more than a dozen companies arrived at the conference room on time, the current core management team of Bluestar Technology Company, half of them were promoted from within, and half of them were recruited by entrusting headhunters to find professional executives, most of these professional executives are under the age of 35, there are domestic people, and there are foreign executives who joined only a few days ago.
From the very beginning, Luo Sheng's pattern has been globalized, and the company has grown and expanded, and overseas employees are definitely indispensable.
As the meeting began, Chief Operating Officer Zhang Bowen took the lead in speaking and briefly reported a basic data: "Up to now, the global user volume of Blue Space (overseas version of Bluespace) has exceeded 100 million three days ago, of which 6.5 million overseas users and 4.75 million in the North American market. ”
Luo Sheng, who sat at the head of the meeting, nodded and faced everyone: "Everyone here is the core management of the company, we can't see BlueSpace as a service, a simple website, but a basic platform, the scale will be as huge as the Internet itself, which is also the ideal we strive for - to link all mankind." ”
Speaking of this, Luo Sheng looked at the only foreign face executive attending the meeting and said, "...... Therefore, the expansion of overseas markets can not be slowed down, only accelerated, investment can not be less, can only increase, A round of financing received 72 million US dollars, the company will not be short of money before the end of this year. Pay attention to the localization of products in the local area, overseas expansion is mainly to hire overseas employees, and set up cross-district divisions, respect localization and local cultural customs, my request is simple, dominance! ”
Luo Sheng added to everyone in attendance: "The company's next core strategy is still to expand and open up to the public, and if we don't receive a lot of feedback from users, then at the request of users, college students are allowed to add high school students as their friends." The company's expansion plan is mainly in Greater China, taking into account overseas markets, our company is positioned as a global Internet technology company, if only focus on a single regional market, then what is it to connect all mankind. ”
At this time, the only white executive of the company, named George Charles, spoke, and he looked at Luo Sheng and said in English: "Well, I don't take the liberty of interrupting you, but I think there is something worth reporting to you." ”
Speaking of which, it is not easy for the blue space to go to sea, but it is also a successful voyage across the ocean, this time Goldman Sachs Capital is behind the back, and a number of Wall Street investment banks led by Goldman Sachs have endorsed it for the business expansion of the North American market.
Luo Sheng looked at George and naturally stretched out his hand and signaled, "Please speak." ”
George Charles nodded, and then said: "According to the information I obtained, last month, that is, around September, a website very similar to the social model of BlueSpace was born in Silicon Valley, and received $2 million in venture capital. ”
Luo Sheng couldn't help frowning when he heard this, and "Facebook" immediately appeared in his mind, could it be that Xiaozha jumped out?
After a while, Luo Sheng asked, "What is the website called?" Who are the founders? ”
But even if he jumped out, Luo Sheng had the confidence to press him to the ground and rub him.
George Charles immediately responded: "The domain name of the website is [], the founder is Chris Dewolfe, I have visited this website, it can provide users with a collection of friends, personal information sharing, instant messaging and other functions in one of the interactive platform." By creating a private community on MySpace, you can share photos, journals, and hobbies with mutual friends, see who friends you have, or see how you connect with each other......"
Xu Yong, Feng Yi and others in the conference room could understand English, and they were all stunned when they heard George's words.
After being quiet for a moment, Xu Yong spread his hands helplessly and said: "Yes, there is one in China, and there is a 51, and now North America, the largest overseas single market, has also emerged, and the industry is ready to touch my Bluestar Technology to cross the river, these people are behind us, you may accidentally stab you in the back, Mara buttocks." ”
……