On the first weekend of early September, Wang Yu flew to the capital with Lu Jinwei and Li Yunlei.

After leaving the airport, Wang Yu went straight to the club hotel in Changping, and this weekend Wei Yutong happened to take his family on vacation there.

"Son, daddy hug!"

After seeing his son Wei Yunpeng, Wang Yu was exhausted, and couldn't wait to take a shower and change clothes, so he directly hugged the little guy from her grandmother's hands.

Children who are less than a year old, how much memory do they have, their eyes are dark and looking at unfamiliar faces, both curious and a little like wanting to cry.

Fortunately, the nature of father and son is really not a talk, after being lifted high by Wang Yu several times, he never stopped smiling on his little face.

"Look at Peng Peng's eyes, how similar are they to Xiao Yu?"

Zhang Dongyue's mind is now all on her little grandson, and when Wang Yu held Wei Yunpeng high, her eyes were in the same mood, up and down.

"The nose is delicate, like a rain tree."

Wei Sirong is single and has no children, and now it is very rare for Wei Yunpeng.

On the contrary, Wei Yutong, who is a mother, is "ruthless": "Don't hold him all the time, put him in the walker, this stage is suitable for children to learn to walk."

Wang Yu just didn't hear it, hugged his son and diverted the topic: "This financing conference is in the headquarters of Guocheng Takeaway?" ”

"There was no way before, but since the headquarters has moved to the capital, it is naturally appropriate to put it in the headquarters."

Wei Yutong's attention was really attracted: "IDG's Xiao Haiyang, Sequoia Capital's Pan Guoqi, Hillhouse Capital's Yuan Ziqian, are already in the capital, SoftBank's Zong Yongjian and Hualong Capital's Jiang Fusheng will arrive tomorrow. In addition, Tencent said that it would arrive tonight. ”

"Did Tencent say who came here?"

"I didn't say anything specifically, it can't be the one who attended in person, right?"

"It's not impossible."

Wang Yu smiled and said: "After the last Internet conference, I talked about something, and there are still some things to deal with, Xiaoma always knows that I am here, and it is very likely that I will come to this financing conference in person." ”

Wei Yutong looked at Wang Yu for a while before saying: "I'm curious, this is the last round of financing before the listing, how did you think of suddenly inviting Tencent to participate?" ”

"Because they're rich."

Wang Yu blinked: "And I'm willing to spend money!" ”

"You don't want them to be catfish, do you?"

Wei Yutong was surprised: "It's hard to make it difficult for several other companies to join forces to boycott"

"Don't worry, this won't happen."

The two said as they walked, and at this time they had already walked to the tea room on the edge of the villa, Wang Yu sat in the position of making tea with his son in his arms, and began to fiddle with the tea set while teasing him, and at the same time kept replying: "The prospect of fruit orange takeaway has been clearly revealed in front of these people, who would be willing to travel a hundred miles and half ninety?" ”

Wei Yutong also sat down and fell into thought.

At this time, Wei Yunpeng sat on Wang Yu's lap, took a brush in his hand and stuffed it directly into his mouth, making Zhang Dongyue's heart tremble.

Wang Yu didn't care about taking it away, and put it out of his reach.

Children, when they were robbed, they immediately turned their faces and cried.

Zhang Dongyue saw her little grandson crying, and immediately walked over to take Wei Yunpeng away: "You talk about things, I'll take Peng Peng to learn to walk." ”

However, Wei Sirong was very interested in what Wang Yu and Wei Yutong were talking about, so she stayed and didn't leave.

"If the valuation is between 500-60 billion this time, how much are you going to let us out?"

Wei Yutong asked not about the share of this financing, because this has been discussed a long time ago, and the third financing will release at least 30% of the equity to the outside world.

However, from the perspective of equity ratio, even after three rounds of financing, Wang Yu and Wei Yutong's equity will exceed 42%, which is extremely inconsistent with the interests of those venture capital institutions, so Wang Yu has long been privately through the mouth, in addition to the 30%, he and Wei Yutong will also let a part of the discount.

What Wei Yutong is asking now is this part of the ratio.

"At least 5% each!"

Wang Yu didn't hold the child in his hand, so the speed of making tea was naturally much faster, and he said while washing and scalding the tea set: "Reduce the equity ratio of the two of us together to less than 35%." ”

"You don't have to worry."

Wei Sirong interjected beside her: "If those institutions hold too much equity, you and Yutong will be kicked out." ”

The three words kicked out have multiple meanings, including not letting Wei Yutong continue to serve as the CEO of Guocheng Takeaway, and completely squeezing Wei Yutong and Wang Yu out of Guocheng Takeaway.

Don't think it's cranky, there aren't too many examples of the founder of a company being squeezed out in the end, it's just too many to mention.

Didi Kuaidi, Dianping, Mengniu, and South Beauty are all living examples.

"Auntie, you don't have to worry about this, others may be, but Wang Yu and I won't."

Wei Yutong responded to Wei Sirong with a smile and said: "The kind of situation you said does exist, but there are some necessary prerequisites, such as I made irreparable strategic mistakes in decision-making, such as Wang Yu and I ran out of money when we increased capital and diluted shares."

Wang Yu listened quietly to the conversation between the two, and did not speak until the second brew of water boiled and the tea was made.

"You previously valued the third round of financing of Guocheng Takeaway at between 500-60 billion, I don't approve of it!"

Wei Yutong: "."

Wei Sirong: "."

The two of them, who were still talking about it, looked at Wang Yu at the same time.

"And what's the valuation in your mind?"

Wang Yu has memories in his mind, and in his previous life, he remembered that the last round of financing of Mituan was led by Tencent, with a valuation of 30 billion yuan.

Of course, it was already the F round, and the timeline was wrong, the last round of financing in the previous life was already in 2017, and now it is not even 2011.

However, Wang Yu instigated the wings of the butterfly, founded the fruit orange takeaway earlier, and also bought the rice ball, making the fruit orange takeaway a giant that monopolizes the domestic and foreign sales market.

Not to mention his pioneering replication of the fruit orange takeaway model to Southeast Asia, which has now been successful, which shows the strong vitality of this model.

Coupled with the fact that smartphones were widely promoted earlier, the number of users is far beyond that of the same period in previous lives.

All these factors add up to make Wang Yu feel that the valuation of 500-60 billion local currency is low.

"Let's calculate according to the most basic principles."

Wang Yu did not directly say the value: "Generally, venture capital institutions invest in a target company in the early stage, expecting to get a return on income of about 10-15 times, and in the later stage of expansion, they will require 3-5 times the investment return."

Wei Yutong blinked: "Originally, our second round of financing valuation is 13.5 billion, even if we add the later merger and acquisition of Mituan, the valuation is only about 15 billion, according to 10 times the income, these venture capital institutions are also optimistic that the market value of Guocheng Takeaway will reach 150 billion local currency after listing, so this round of valuation of more than 50 billion is converted in this way, no problem?" ”

"But you didn't take into account the factors of this round of currency issuance!"

(End of chapter)