Chapter 116: Successful Series B Financing! (Chapter 1)

Three days later, Sheng Huainan and JPMorgan Chase, together with their respective lawyers, signed the B round of financing agreement of Shangsha Technology in Shangsha Building.

In the conference room, Sheng Huainan asked Fang Yuan, a lawyer from King & Wood Mallesons, to finalize the contract template with J.P. Morgan and Sidley Austin, and Shen Peng also signed a joint agreement on behalf of Sequoia Capital, with the specific financing details:

JPMorgan Chase invested 4 billion Chinese dollars, accounting for 8% of the shares, through a vest company in Xiangjiang, while the beautiful country investment team represented by Morrison contributed 1 billion Chinese dollars, accounting for 2% of the shares, and the two investors have no privileges, and when the company raises new rounds of financing in the future, they will be diluted in equal proportion with other shareholders.

At the same time, Shen Peng's Sequoia Capital was diluted to 9%.

After two rounds of financing, Sheng Huainan can still maintain more than 80% of the shareholding, not like the controller of an ordinary start-up company in the A round, and even in the angel round has been diluted to less than 50%, this equity control ability is really amazing!

None of the three parties had any opinion on the contract, and after signing the contract on the spot, the new investment convenience arrangement would wait until the industrial and commercial department changed the shareholding structure before the money was transferred to the account in batches.

After sending off JPMorgan Chase and Sequoia Capital, Sheng Huainan summoned the core personnel of Shangsha Technology to the conference room, everyone sat excitedly in the conference room, and kept staring at the two contracts in Sheng Huainan's hand.

Shangsha Technology received an investment from JPMorgan Chase?

5 billion Chinese dollars!

Huge income!

In 07, a city where farmland exists between the main urban areas of Yuzhou, it is simply incredible.

Most of the companies in this city have probably never heard of what is called Series A, what is called Series B, and what is called pre-IPO!

Moreover, Shangsha Technology was a small electronics factory on the verge of bankruptcy 2 years ago!

It's unthinkable!

However, everyone is still waiting for Sheng Huainan to announce the good news in person.

Sheng Huainan took two thick formal financing agreements, shook in his hands, and said in high spirits: "Our B round of financing has been completed, 500 million cash can be received within a week, from today, the company will enter the second stage of development!" ”

There was thunderous applause in the conference room.

The applause gradually stopped, Sheng Huainan also put down the contract, and said to everyone present seriously, "2007 is our most critical year, Mate 2 mobile phone is in a state of intense attack, Zheku chip officially began to develop, tablet computer will also carry out a new round of iteration, everyone's task is very arduous." This year, we want to achieve a breakthrough in products from fine to strong! Therefore, all the heads of the sector must be clear about our focus in 2007, everything is based on rapid development, the future team building, operation and promotion, do not worry about money, but first consider efficiency! The 500 million financing, we strive to burn out reasonably and efficiently within a year, before the burn-out to start the C round of financing, by that time, we in the Huaguo electronic technology industry, occupy a place! ”

The executives present were shocked!

500 million burned out in a year?

And look at this posture, it is at all costs, you want to see the results, right?

Can the Mate 2 really carry such an important mission, and need to burn funds so violently?

The chip industry, if it is promoted in the short term, the speed of this money consumption is not as simple as doubling!

For a while, everyone's eyes looking at Sheng Huainan were full of admiration!

After making money, he still played so hard, financed his capital, did not pay attention to eating, drinking and having fun, and invested all of it in new products.

I'm afraid that among all entrepreneurs, there are only a handful!

At this time, Sheng Huainan continued, "I don't pay attention to my meat, employees can't even drink soup, from today on, the company will establish a new mechanism, that is, I will take out 1/8 of the equity in my hand, as a virtual dividend share, placed in the Shangsha Guild, all employees by the end of this year, according to the performance of the department, continue to subdivide, share the profits of this 1/8 equity, my wolves, not eat grass, I let you eat meat!" ”

There was silence!

This concept of equity profit distribution from later generations has made everyone fall into sluggishness!

Let the employees share the profits of the original shareholders, Mr. Sheng is sure that he is right!

Sheng Huainan's words shocked everyone's ears!

The whole game was really sluggish, a full half a minute!

In this half minute, all the executives even forgot to breathe!

It wasn't until the feeling of dizziness in my brain hit me that I breathed in the air in a hurry!

"Shhh!!h

For a while, the sound of gasping involuntarily resounded throughout the conference room!

"Why, aren't these people satisfied with 1/8 of the profit share?" Sheng Huainan frowned and looked at the group of people below.

"Mr. Sheng is amazing!"

"Long live Mr. Sheng!"

"Mr. Sheng!"

The executives below were praised for a while, and only then did they come in bursts!

Even if it is divided according to the profit of 06, there is a profit share of nearly 20 million, if it is divided, not to mention others, only how much can executives share!

They are here to make money, not to talk about friends, Sheng Huainan's earth-shattering move instantly made their combat effectiveness directly burst!

What does it mean to be a migrant worker in the vision of an entrepreneur?

What I earn is related to your profits, that's the real entrepreneurial vision!

Otherwise, if you buy a Ferrari after you make money, or bring me a sister-in-law back, what does that have to do with me?

If the new policy of Shangsha Technology is to be spread, I am afraid that it will make practitioners in the industry envious.

。。。。。。

More than 100 miles to the west of Yuzhou, the upper reaches of the Yangtze River with a vast river, there is a large mountain range next to the river, called Jinyun Mountain, there is a lonely temple on the mountain, the incense is not very vigorous, and there is a faint sense of gloom.

The night of late spring is cold and cold, the river is rolling eastward, the waves are still there, vaguely visible, and the low sound of small cargo ships in the distance is bright or dark, as if telling the difficulty of life.

Two men took advantage of the night to walk on the riverside.

They had been walking for nearly a quarter of an hour, and a young man next to them sighed faintly, "Now that Shenghuai South is very difficult to contain, think about our Wang family's wind and rain in Yuzhou, but it is frustrating in his hands again and again, it is really frustrating!" ”

(End of chapter)