273. Funding gap

"Go back to the company."

Guan Huang sniffed the remaining aroma in the car and commanded.

With the opening and operation of Baicheng, Superman's funds were consumed rapidly, although he comforted Huang Zhaoyou and said that he would immediately put in place a commercial loan of 100 million.

It's just a delaying tactic.

With the current scale of superhuman takeaway, the bank credit is up to 20 million.

100 million, don't even think about it.

The previous opening of the station in 100 cities cost about 50 million funds.

The next expansion to 200 cities will require at least 50 million to 100 million cash reserves.

If the money can't be taken out, the momentum of expansion will immediately stagnate.

Back in the office, Guan Huang called Xia Qixi and made an appointment with someone from the bank to discuss the loan tomorrow.

"Qiqi, I'm going to pick you up at nine o'clock tomorrow?"

"No need, let's meet directly at the bank."

"Okay."

"However, you have to be mentally prepared, this time the limit is too big, and the bank will not give face," Xia Qixi continued.

Guan Huang doesn't care, "It's up to people, if you don't have 100 million, it's good to have 10 million." ”

Xia Qixi: "Okay, you are the boss who listens to you." ”

Guan Huang's tone was calm, giving people a strong confidence, "Don't worry, no matter how bad it is, there will be venture capital." ”

Xia Qixi opened his mouth and asked, "How many funds are interested now?" ”

Guan Huang "GSR Ventures, Jingwei Capital, Sequoia Capital, Zhen Fund. ”

Xia Qixi exclaimed, "Wow, they are all famous venture capitalists." ”

Guan Huang smiled: "It's a pity that the valuation given is not high." ”

How many "Xia Qixi" are there? ”

Guan Huang: "Sequoia Capital is the highest, $100 million. ”

Xia Qixi was a little excited when he heard this, "It's okay, our market value was only 200 million two months ago, and now it has tripled." ”

Guan Huang: "The market value is okay, the conditions are relatively harsh, and I am still thinking about it." ”

Xia Qixi: "What are the conditions?" ”

Guan Huang "has an exclusivity period, the right to calculate preferred shares, the same rights of the same shares, and so on. ”

Xia Qixi smiled when he heard this, and wanted to say, "Isn't this a normal clause?" ”

Before the rose fund invested in the other party, Guan Huang various requirements.

Now that the situation is reversed, Sequoia Capital is obviously powerful and wants to suppress the founders.

The so-called exclusivity period is to lock in the transaction after signing the letter of intent to restrict the entrepreneur from contacting other investors for a specific period of time.

After all, investment is real money, and you can't just listen to the founder's foolishness.

Investors will hire external accountants and lawyers to conduct formal due diligence on the startup to confirm the authenticity of the company's data, whether there are any material compliance issues that may affect the listing, etc.

Guan Huang continued, "Forget about the rest, different rights of the same shares are not allowed, this point, I can hardly agree, as the company develops, the equity will soon be greatly diluted, and at that time, it is not the capital that has the final say." ”

As an asset-heavy industry, the demand for funds is huge, and Guan Huang has never thought about holding it.

However, not controlling does not mean not controlling the company.

After all, there are too many examples of people who have worked hard for more than ten years and finally been kicked out of the company.

Capital is cold.

If the founder has always been wise and martial, and has always been able to bring profits to the company, it is the father of capital.

Once the economic situation is not good and there are difficulties in operation, capital will immediately teach you what it means to be a father.

Therefore, it is impossible for Guan Huang to agree to Sequoia's request.

Xia Qixi could only comfort against his will, "Now that the company's development momentum is very good, maybe other venture capitalists will take the initiative to come to the door." ”

From her heart, she naturally agrees with Sequoia's approach and puts the reins on the founder, so as not to be wild and untamable.

In order to enter the game, I made compromises and agreed to a lot of excessive requests, which may cause people to laugh when they are passed on.

On the other hand, she is also very fortunate that the only gap was seized by herself, and in a few months, the investment has increased five or six times, and the benefits are huge.

Now that Sequoia has come to the door, it has strengthened her judgment, takeaway is the next outlet, Superman is a potential unicorn, and it is not a dream to have a tenfold and hundredfold income in the future.

However, all this is inseparable from Guan Huang's leadership.

Without his ambition, vision, and bold actions, Superman Takeaway would not have expanded so quickly in the short term.

A leader par excellence, stronger than anything else.

Guan Huang: "I hope that if you publicize the news of Sequoia's visit in the circle, I don't believe it, Sequoia's favorite projects are not interested in other venture capitalists." ”

Xia Qixi secretly rolled his eyes, "Is it appropriate?" No confidentiality requirements? ”

You must know that venture capital funds have always been strict about potential targets, not only for internal employees, but also for start-ups.

Using competitors to raise prices may be more marginal in other industries, and there are still taboos in the entrepreneurial circle.

After all, start-ups have always been weak, and the father of licking capital is afraid that it is not enough, how can he have the intention to engage in crooked ways.

provokes the management, that is the difference between life and death.

Guan Huang pouted, "I don't plan to take Sequoia's money, do you care what it thinks?" ”

Xia Qixi couldn't help but feel a headache for the other party's audacity, "Okay, since you have decided, I will find someone to let the wind out." ”

Guan Huang: "That's right, let's make two preparations, continue to grind with the bank here, and find other venture capital companies over there." ”

Xia Qixi: "Okay. ”

Guan Huang: "Nothing else, just hang up." ”

Xia Qixi: "Hey, wait." ”

"How?"

Xia Qixi: "That matter, you really don't think about it?" ”

Guan Huang: "I'm afraid of death, if you open your mouth, you will get a kickback of 20, and a loan of 50 million will take 10 million, how can this kind of person deal with it." ”

Xia Qixi also felt that the other party's appetite was too big, "Actually, you can talk about it, forget it, since you don't want to do it, don't do it, so as not to trouble in the future." ”

Guan Huang said naturally, "I naturally understand human relations, but I have never seen this kind of person." ”

Xia Qixi: "President Chen...... Forget it, it's useless to talk too much, see you tomorrow. ”

Guan Huang didn't hang up the phone, "Qiqi, I speak a little straight, don't mind, it's better not to deal with this kind of person, he has such a big appetite, it's nothing more than a hard relationship, but, how can there be any tumbler evergreen, maybe something will happen at some point." ”

Xia Qixi's heart warmed, "Don't worry." ”

Naturally, she didn't say that she had hooked up with President Chen for Superman's loan.

Guan Huang smiled: "I'm going to invite you to go public and ring the bell together." ”

Xia Qixi: "Okay, a word is a certainty." ”

Being able to invest in a unicorn is the common ideal of all venture funds.

Guan Huang: "Okay, let's not talk about it, I'll see you tomorrow." ”

Xia Qixi "...... Tomorrow"

Before he finished speaking, a busy voice came from the phone, shaking his head and smiling bitterly, the other party is this kind of person, and he rarely cares about what others think.

Perhaps, in his mind, what others think is not important.