In the office, after Xu Jingren asked how much the financing was, Fang Hong said bluntly: "This time, Qunxing Capital is not financing, but directly paying to buy the equity in our hands, that is, the equity in the hands of our founder team is transferred to Qunxing Capital." ”

Capital increase and share expansion and equity resale are two different things, the former is the company's assets, and the latter is an individual equity transaction.

Xu Jingren was surprised, he didn't expect that Qunxing Capital wanted to buy the equity in their hands, instead of financing the company, and immediately asked: "How much do Qunxing plan to buy?" ”

Fang Hong said: "At present, I hold 7.245% of the equity of Quantum Beat, and you and Lou Gaoyuan hold 6.279% of the equity per person, and Qunxing Capital this time requires the acquisition of 4.029% of the equity from each of the five of you, and I will sell 4.995% of the equity and acquire these shares at a valuation premium of about 50 billion yuan of the company." ”

Just as Xu Jingren immediately calculated, Fang Hong said directly: "That is to say, each of the five of you sold 4.029% of the equity to cash out 200 million cash flow, and I exchanged it for 250 million in cash, and the money we each got was not the company, but the money in our own name, of course, the corresponding taxes and fees had to be settled." ”

After the completion of the change of hands, the five of them will be able to obtain a sky-high cash flow of 200 million, and at the same time, the equity held by each person will drop to 2.25%, and they will have a proper financial freedom in life.

Fang Hong definitely didn't treat them badly, and this was also a reasonable reward for them.

If there is no Fang Hong, it is still unknown whether they can be worth more than 100 million today.

Let them cash out 200 million, and still hold 2.25% of the equity of Quantum Beat, in the hope that they can continue to work.

Xu Jingren calculated and said to himself: "In this way, each of our co-founders holds 2.25% of the shares, accounting for 13.5% of the total shares, and the option pool reserves 9.66%, and the proportion of Qunxing Capital's shareholding rises to 76.84......"

He calculated that the equity held by Qunxing Capital is all Class A shares, that is, 1 share with 1 voting right, while the founder team has Class B shares, that is, 1 share with 20 voting rights.

In other words, the founding team holds a total of 13.5% of the Class B shares and 75.73% of the voting rights, far more than a two-thirds majority of 67%, and the founding team still has absolute control over the company even if it holds 13.5% of the shares.

Xu Jingren did not forget that among their founder team, Fang Hong still had a veto in his hand, and the team handed over this one-vote veto to him, that is, when everyone's opinions were different, Fang Hong's decision would prevail.

At the end, Xu Jingren put away his thoughts and said neatly: "Qunxing Capital is quite kind, I have no problem, cashing out 200 million can also be arranged for luxury houses and luxury cars, and they must have no opinion on Gao Yuan." ”

Hearing this, Fang Hong said with a smile: "Look, Qunxing Capital expected that you would have this idea. ”

Xu Jingren couldn't help but be slightly stunned: "Ha——? ”

Fang Hong said in an orderly manner: "There is still a prerequisite for cashing out 200 million, Qunxing Capital is worried that we will be lazy and lose the spirit of struggle after cashing out hundreds of millions of funds to achieve wealth freedom, so Qunxing has given two solutions." ”

Hearing this, Xu Jingren suddenly said, "How can there be conditions?" What solution? ”

Fang Hong nodded and said: "The first solution is that after we cash out, we will take 5 million yuan to improve our lives, and the rest of the money will be handed over to Qunxing Capital for capital and interest-guaranteed financial management, with an annual interest rate of 7.58 percentage points, locked in for ten years, and cashed out to us with interest after ten years." ”

Xu Jingren couldn't help but complain: "It's still Qunxing Capital that can play, and there are really many routines." ”

Fang Hong said with a smile: "After all, they also have to protect their own interests, and they are worried that we will lose our motivation if our wealth is free, but the financial management with an annual interest rate of more than 7 points to guarantee the principal and interest is still very kind, and the income can be doubled even after ten years." ”

200 million cash, personal equity transfer to pay 20% of the tax, to hand is 160 million, you can take out 5 million of them to improve life, the remaining 155 million to the star capital to protect the principal and interest for financial management, ten years later with interest can cash out 321.84 million yuan, double the income.

The most important thing is to repay 7.58 percentage points of interest to the principal and interest guarantee, which is risk-free financial management, and more than 6 percentage points of investment and financial management that can guarantee the principal and interest are either scammers or there is no such financial product.

Xu Jingren immediately asked, "What about the second solution?" ”

Fang Hong replied: "The second plan is very simple, retire directly after cashing out, hand over the company's operation rights to Qunxing Capital, and the remaining 2.25% of the equity can be sold or not." ”

Obviously, Fang Hong gave two plans, and then left the choice to them to decide whether to stay.

If you want to enjoy life, okay, you can do whatever you want to do with 200 million, and no one will care how chic you want to be chic, but the management rights of the company have to be handed over.

After listening to the second plan, Xu Jingren said without hesitation: "Don't think about the second plan, I haven't thought about handing over the company, I still want to make the company 500 billion or even trillion, boss, you tell that Mr. Cao or other people in Qunxing Capital that quantum beating left the founder team, they may not operate well, the founder team is the one who knows quantum beating best, our vision has expanded, and now our ambition is not more than 200 million." ”

If the company achieves a volume of 500 billion yuan in the future, even with 2.25% of the equity in its hand, its worth can soar to the level of 10 billion.

Xu Jingren made it so clear that Fang Hong, as the big boss of Qunxing Capital, is actually quite satisfied.

I'm not afraid that he has ambition, I'm afraid that he doesn't have ambition.

After a while, Xu Jingren called Sun Xin, Lou Gaoyuan and a few of them over to discuss the matter together.

In the end, everyone unanimously agreed to transfer the equity in their hands, and chose the first plan, and the process was much smoother than Fang Hong expected.

So far, Qunxing Capital holds 76.84% of the equity of Quantum Beat, Fang Hong, Xu Jingren and other six co-founders hold 2.25% and the remaining option pool reserved, Qunxing Capital will not increase or reduce its holdings, and the six co-founders will also not reduce their holdings, the only change is the 9.66% equity reserved by the option pool, which is reserved for other employees of the company.

After the completion of a new round of equity changes, Quantum Beat is a spin-off and reorganization matter, and the product of Weibo is split into a subsidiary, and the parent company is Quantum Beat.

After the spin-off, the Weibo project subsidiary raised external capital and then went public through a backdoor listing.

Quantum Beat's current book liquidity is more than 300 million, and after the spin-off and reorganization, this money will not be assigned to the name of the spun-off Weibo subsidiary, and will still remain in the name of the parent company Qunxing Capital.

This money Fang Hong plans to use it to start the WeChat project, and the WeChat project will also be split out, and a new project company will be set up by Quantum Beat to make WeChat products, and then it will still be a big A to be listed separately.

As for the development funds required for Weibo now, refinancing is enough, and Qunxing Capital will not lead the investment in the follow-up financing, nor will it follow the investment.

From now on, Qunxing Capital will not give Quantum Beat any financing, the company's development money, and so on Weibo's successful listing, and then during the 2015 round of super bull market, the parent company Quantum Beat sold a part of Weibo's shares in the secondary market for the development of the company.

……

In the next few days, Xu Jingren's team maintained the company's operations on the one hand, and on the other hand, began to prepare for the company's spin-off and reorganization, splitting the Weibo project into a subsidiary.

On Wednesday, October 7, Quantum Beat officially issued an announcement to the public, announcing the company's spin-off and reorganization, splitting the Weibo business group into an independent company, and being absolutely controlled by the parent company Quantum Beat.

At the same time, a new round of financing plan was publicly released, but it is worth noting that this financing is a financing plan for Weibo's subsidiary, not the parent company Quantum Beat.

As soon as the news came out, all venture capital investors turned their attention one after another, and they went through a series of announcements on quantum beating on the same day.

Zhongtai Capital was the first player to jump out and shout to get on the bus, but Liu Qizheng did not go to Xu Jingren, but went directly to Hua Yu, the head of Qunxing Capital, and called Hua Yu to directly express Zhongtai Capital's intention to get on the bus.

Liu Qizheng has no problem with this operation, in his opinion, as long as Hua Yu has no problem here, then there will be no obstacle to investing in the Weibo project subsidiary of Quantum Beat.

……