Chapter 150 [A round of financing 500 million (1/10)]
When Xu Jingren heard Fang Hong's assertion, he couldn't help but be curious: "If you don't use your heart or your best, how do you understand this?" ”
Fang Hong said without thinking: "Looking at their operation in the battle for the big V, you can see the whole leopard, the goose factory has indeed spent a lot of money to pull stars and celebrities, but look at who they are pulling?" For example, Liu Shen, the first big blogger who has surpassed k3478 now, his activity on the Tengxun Weibo platform gives me the feeling that it is task-based and punch-in, and other celebrities are also very cold and inactive. ”
Speaking of this, Fang Hong smiled, in the virtual world of the Internet, who is the cold dress for?
Immediately afterwards, Fang Hong said: "On the other hand, on our platform, since a group of big Vs such as Han Han and Yao Chen have been stationed on Liangdong Weibo, most of them have taken the initiative to export their own values, attracting countless melon-eating netizens to come to watch, and the scene is very hot." ”
Now the second largest blogger on Quantum Weibo is the female star Yao Chen, who is known as a sexy big mouth, she has surpassed Xie Na, and her influence on Quantum Weibo is getting bigger and bigger, and according to this trend, she will soon be able to surpass Fang Hong's k3478 account.
Fang Hong's account has been slow to increase his followers recently, because he hasn't posted Weibo news for a long time.
And Yao Chen's characteristics are obvious, she is willing to speak, willing to speak people, and willing to say something honest on Weibo, and her personality is quite good now, as for whether her personality will collapse in the future, let's not say it.
So there are also a lot of fans who are willing to interact with her.
And recently, "Little Swallow" Zhao Wei has also entered the Liangdong Weibo, and the character of Little Swallow at this time has not collapsed.
Just yesterday Saturday, Yao Chen and Zhao Wei launched a "scarf" queen dispute, the topic remained high, Yao Chen's Weibo hung a braised egg, Zhao Wei carefully compiled her firewood, rice, oil and salt, attracting many melon-eating netizens to watch.
At the same time, other celebrities are also vying to be "Weaver Girl" and "Weaver Man".
This kind of atmosphere, even if the Weibo under the goose factory is copied, it can't be learned.
Fang Hong said lightly: "Maybe you think that QQ can divert traffic to the Weibo platform of the goose factory, yes, there is nothing wrong, judging from the recent surge in users of the goose factory's Weibo, the goose factory has spent a lot of resources." But my conclusion is that the effect is by no means as good as it seems on the surface, and it is certainly not ideal, and this is only clear to those inside them. ”
After a pause, Fang Hong added: "I have experienced that you can directly use your QQ account to open Tengxun Weibo, and the status published on QQ and in the QQ space can be synchronized with its Weibo." ”
Speaking of this, Fang Hong's words changed: "But the scene is not right, the content in the QQ space is for acquaintances, half of the people or people who will become acquaintances, and what about the content of Weibo's product?" It's for everyone, for the public, for strangers. ”
Fang Hong concluded: "So this kind of diversion seems to be turbulent, but it will not form much effective linkage, and it will gradually appear in its original shape with the passage of time, even if there is a huge user pool of QQ, but the help to Weibo is actually very effective, and when the time is extended, you will find that Tengxun Weibo seems to be menacing, and the actual position is very unstable." ”.
At the end, after listening to Fang Hong's explanation, Xu Jingren nodded again and again while nodding to himself, and at the same time smiled: "With you, the boss, the chief strategy master, you really don't panic, and the analysis of the advantages and disadvantages of the enemy is clear." ”
Fang Hong also said with a smile: "Compared with the goose factory, we should put the threat index of the opponent in front of the goose factory. ”
Xu Jingren nodded again, just like the boss said before, Weibo is the vest line for the goose factory, and no one can die if the vest line is gone, but Weibo is the line of life and death for the salary wave, so it will inevitably attack madly, or even fight against the water.
After a few minutes, Xu Jingren went to his desk and brought a financial document and handed it to Fang Hongdao: "The landlord's family is almost out of surplus grain, the money that was raised last time is about to bottom out, if there is no new capital injection, it is only enough for us to support half a month, and then the salary will not be paid." ”
It has only been about three months since the last financing of 90 million funds, and the explosive growth of Weibo in the past three months has also been like a lot of money, but there is no doubt that the money is well spent.
Fang Hong said with a smile: "I came here today to talk to you about this matter, I have already negotiated with the investor, and this time the company's valuation will be raised to 2 billion after investment." ”
Post-investment valuation of 2 billion?
Xu Jingren couldn't help but estimate it, that is, a valuation of about 300 million US dollars, he firmly believes that quantum beating has the potential of a unicorn of 1 billion US dollars, but between the current chaotic situation of "big chaos" in the field of microblogging, Liangdong Weibo has not yet come out of the encirclement, and there is still a great change in speed from all walks of life.
Therefore, it is indeed a bit difficult to raise at the level of a $1 billion unicorn at the current actual valuation.
"Estimated at 2 billion, reasonable." Xu Jingren immediately said: "It's still an exclusive investment by Qunxing Capital, right?" How much equity are they going to give this time? ”
In fact, Xu Jingren is also more worried that the largest shareholder of Quantum Beat, Qunxing Capital, is too concentrated, but considering the factors at the level of Qunxing Capital and the boss's girlfriend's family, coupled with the structure of Quantum Beat's AB shares, he is not worried that the founding team will lose control, although Qunxing Capital has a veto, but Fang Hong, as one of the founders, also has a veto.
The superposition of two factors dispelled Xu Jingren's concerns about the dominance of Qunxing Capital.
And to be fair, Xu Jingren also feels that the support of Qunxing Capital is not said, just invest money, how the company operates, never intervene, at least so far, has not intervened, and has not signed a weighted average anti-dilution clause.
"This time, I will raise 500 million yuan and ask for 25% equity." Fang Hong simply reported this number, and then added, "What are your opinions?" ”
"Now in this 'big chaos' situation, it's not okay to burn without money, raise 500 million ......" Xu Jingren pondered for a moment, and then nodded and said: "I have no opinion, Gao Yuan and the others should have no opinion." ”
Fang Hong smiled: "They are all founders, whether they have any opinions or not, they still have to be called over to talk about it, and it is better to go through the process again." ”
Hearing this, Xu Jingren immediately went to the desk and picked up the landline phone and called his assistant Zhuang Youmin, asking him to inform Sun Xin, Lou Gaoyuan and a few of them to the office.
A few minutes later, all the founders of Quantum Beat were present.
Regarding the company's Series A financing, Xu Jingren told the big guys, and several founders also expressed no opinion on the spot.
The matter of Quantum Beat's Series A financing was decided so quickly.
After the A round of financing, the shareholding structure of Quantum Beat is: the shareholding ratio of the five co-founders has decreased to 6.279%, the option pool is reserved for 9.66%, Fang Hong has decreased to 7.245%, and the shareholding of Qunxing Capital has risen to 51.7%, making it the largest shareholder and holding more than half of the shares.
After this financing, the shareholding ratio of several major founders continued to decline, but they had no opinion on Lou Gaoyuan, because the value soared by more than 5 times all of a sudden, and according to the current valuation of 2 billion yuan of quantum beating, everyone's worth has risen to 125.58 million.
If you have financing, your worth will shrink, then you will have some ideas.
At the end, Fang Hong looked at Xu Jingren, Lou Gaoyuan and others and said in a deep voice: "The angel round, the Pre-A round, and this A round of financing are all exclusively invested by Qunxing Capital, and after this financing, Qunxing Capital has accounted for more than half of the shares, reaching 51.7% of the equity ratio. ”
Fang Hong looked around the crowd and added: "The follow-up B round, C round and other financing, can not let the star capital monopoly, then you can appropriately introduce other venture capital institutions, these 500 million, a lot of funds, should not be stingy but can not be spent indiscriminately, and strive to use the 500 million funds to make the company's valuation unicorn level, that is, 1 billion US dollars, when the time comes to carry out the B round of financing, you can give less equity, or more equity can get more money." ”
Everyone nodded their heads.
In terms of financial operations, they basically didn't ask, and handed them over to Fang Hong to deal with.
After three rounds of financing, Qunxing Capital has eaten 51.7% of the equity, plus 7.245% in Fang Hong's own personal name, a total of 58.945%, the largest meat has been eaten, and some soup can also be put out appropriately for others to share.
In the follow-up Series B financing, although Qunxing Capital does not plan to invest exclusively, it will also assume the lead role in the Series B financing stage, and put some other venture capital institutions to follow.
Fang Hong's follow-up layout is to let quantum beat spin and reorganize, establish quantum beat group, and then spin off the quantum movement Weibo separately to be listed on the A-share market, must be in time to successfully land on the A-share market before the arrival of the wave of leveraged bull market in 2015, Fang Hong's purpose is naturally to take advantage of the epic round of leveraged bull market during the high-level large-scale cash withdrawal.
Of course, the withdrawal will not be all evacuated.
Qunxing Capital's control over quantum beating must be firmly grasped in his hands, after all, quantum Weibo involves the battle for the right to speak in public opinion, and if you don't occupy this thing, it will be occupied by others, which must not be let out, and it is not a matter of money.
After cashing out at a high level, and then after the bull market ends and plunges, take a dip and pick it up.
……
(ps: The explosion begins, ask for a monthly pass, ask for a full subscription, what should I do after the 2000 mark?) Of course, it is to continue to add more, and the same is to add a change for every 100 increases. )