Chapter 150 Series A financing of 500 million yuan
When Xu Jingren heard Fang Hong's conclusion, he couldn't help but wonder: "You use your heart but not your best. How do you understand this?"
Fang Hong said without thinking: "You can get a glimpse of the whole story by looking at their operations in the big V battle. The Goose Factory has indeed spent a lot of money to attract celebrities, but look at what they are attracting.
People? For example, Liu Xiang, the biggest blogger who has surpassed k3478 now. His activity on Tencent Weibo platform gives me the impression that it is task-like and check-in style. Other celebrities are also very cold and inactive.
.”
Fang Hong smiled when he said this. In the virtual world of the Internet, who can he pretend to be aloof?
Then Fang Hong said: "Looking at our platform, since Han Han, Yao Chen and other big Vs have been stationed on Liangdong Weibo, most of them have taken the initiative to export their own values, attracting countless netizens to come and watch. The scene is very special.
Hot.”
The current second largest blogger on Liangdong Weibo is the female star Yao Chen who is known as the sexy big mouth. She has overtaken Xie Na, and her influence on Liangdong Weibo is growing. According to this trend, it is very
It will soon surpass Fang Hong’s k3478 account.
Fang Hong's account has been slowly gaining followers recently because he hasn't posted on Weibo for a long time.
Yao Chen's characteristics are very obvious. She is willing to talk on Weibo, she is willing to speak human words, and she is willing to speak the truth. Her current personality is quite good, but I won't say whether her personality will collapse in the future.
So there are many fans who are willing to interact with her.
Moreover, "Little Swallow" Zhao Wei recently joined Liangdong Weibo. At this time, the character of Little Swallow has not yet collapsed.
Just yesterday, Saturday, Yao Chen and Zhao Wei started a battle for the "scarf" queen, and the topic remained high. Yao Chen had a braised egg hanging on his Weibo, and Zhao Wei meticulously prepared her daily necessities, attracting many
Netizens gathered around to watch.
At the same time, other celebrities and celebrities are also vying to be "Weaver Girl", "Weaver Man" and so on.
This kind of atmosphere cannot be replicated by Goose Factory’s Weibo even if it is copied.
Fang Hong said calmly again: "Maybe you think that QQ can divert traffic to Gouchang's Weibo platform. Yes, you are right. Judging from the recent surge in users of Gouchang's Weibo, Goosechang has spent a lot of money on it.
A lot of resources. But my conclusion is that the effect is by no means as good as the superficial data seems, and it is definitely not ideal. Only their internal people know this."
After a moment of pause, Fang Hong added: "I have experienced that you can directly open Tencent Weibo with your QQ account, and the status posted on QQ and QQ space can be synchronized with its Weibo."
At this point, Fang Hong changed the topic: "But the scene is wrong. The content in QQ space is for acquaintances, half of the people or people who will become acquaintances. But what about the content of the product Weibo? It is for everyone, for everyone.
For the public, for strangers to see."
Fang Hong concluded: "So this kind of traffic diversion may seem turbulent, but it will not form much effective linkage. It will gradually reveal its original shape as time goes by. Even with the huge user pool of QQ, the help to Weibo is actually
It's very effective. As time goes by, you will find that Tengcent Weibo seems to be aggressive, but its actual position is very unstable."
Finally, after listening to Fang Hong's explanation, Xu Jingren nodded to himself and smiled: "With you, the chief strategist, boss here, I really don't panic anymore. I can clearly analyze the advantages and disadvantages of the enemy and ourselves."
Fang Hong also smiled and said: "Compared to Goose Factory, we should put the threat index of Xinlang in front of Goose Factory."
Xu Jingren nodded again, just like what the boss said before, Weibo is a vest line to Goose Factory, and if the vest line is gone, no one will die, but Weibo is a life and death line to Xinlang, so he will inevitably attack crazily, or even fight to the death.
After a few minutes, Xu Jingren went to his desk and took out a financial document and handed it to Fang Hong: "The landlord's family is almost out of food. The money raised last time is about to bottom out. If there is no new capital injection,
It’s only enough to support us for half a month, and we won’t be able to pay our wages after that.”
It has only been about three months since the last financing of 90 million yuan. The explosive growth of Dangdong Weibo in the past three months has also been a waste of money, but there is no doubt that the money was 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 investors. This time I will raise the company's valuation to 000 million after the investment."
Post-money valuation 0 billion?
Xu Jingren couldn't help but make an estimate after hearing this, which was a valuation of about US$300 million. He firmly believed that Quantum Beat had the potential to become a US$1 billion unicorn. However, due to the current chaotic situation of the "big fight" in the microblog field, the quantity
Dong Weibo has not yet broken out of the siege, and powerful enemies from all walks of life are looking around, and there is still a huge change in speed.
Therefore, it is indeed a bit difficult to raise funds at the unicorn level of US$1 billion at the current actual valuation.
"The estimate is 000 million, which is reasonable." Xu Jingren said immediately: "It is still the exclusive investment of Qunxing Capital, right? How much equity do they plan to give this time?"
In fact, Xu Jingren is also worried that Qunxing Capital, the largest shareholder of Quantum Beating, has too concentrated shares, but considering the factors of Qunxing Capital and the boss’s girlfriend’s family, and the structure of Quantum Beating AB shares, he is not worried at all.
The founding team will lose control. Although Stars Capital has a veto power, Fang Hong, as one of the founders, also has a veto power.
The combination of these 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 nothing to say. It only invests money and never interferes in how the company operates. At least it has not interfered so far, and it has not signed a weighted average anti-dilution clause.
"This time we raise 100 million, and we want % of the equity." Fang Hong reported the number simply and neatly, and then added: "What do you think?"
"In this 'big fight' situation, if you don't have money to burn, you can't raise 100 million..." Xu Jingren thought for a moment, then nodded and said: "I don't have any objections, and Gao Yuan and the others probably don't have any objections either."
This chapter is not over yet, please click on the next page to continue reading! Fang Hong smiled and said: "We are all founders. Regardless of whether we have any opinions, we still have to call them over to talk about it. It is better to go through the process again.
"
Hearing this, Xu Jingren immediately went to his desk, picked up the landline phone and called his assistant Zhuang Youmin, asking him to inform Sun Xin that Lou Gaoyuan and the others were in the office.
After a few minutes, all the founders of Quantum Beat arrived.
Xu Jingren talked to everyone about the company's A-round financing, and several founders expressed no objection on the spot.
Quantum Beat’s A-round financing was settled so quickly.
This round of financing is RMB 100 million, and % of the equity is transferred. After the A round of financing, Quantum Beating’s equity structure is: the shareholding ratio of the five co-founders has dropped to 6.79%, the option pool has reserved 9.66%, and Fang Hong has dropped to
7.4%, and Qunxing Capital's shareholding increased to 1.7%, becoming the largest shareholder and holding more than half of the shares.
After this financing, the shareholding ratios of the major founders continued to decline, but Lou Gaoyuan and the others had no objection, because their worth more than doubled all of a sudden. Based on Quantum Beat's current valuation of 000 million, everyone is worth 100 million.
It has risen to 180,000.
If I raise funds and my net worth shrinks, I will have some ideas.
At the end, Fang Hong looked at Xu Jingren, and Lou Gaoyuan and others said in a deep voice: "The angel round, pre-A round, and this round of A financing are all exclusively invested by Qunxing Capital. After this financing, Qunxing Capital has accounted for more than half of the shares.
, reaching an equity ratio of 1.7%.”
Fang Hong looked around the crowd and added: "For subsequent rounds of financing such as round B and round C, Stars Capital cannot be the only one. At that time, other venture capital institutions can be properly introduced. This billion is a lot of money, and it should be spent."
Don’t be stingy but don’t spend it arbitrarily. Try to use this 100 million yuan to value the company to a unicorn level, which is 1 billion US dollars. When the time comes for Series B financing, you can provide less equity or equity.
The more you spend, the more money you can get.”
Everyone nodded.
They basically don't care about financial operations and leave it all to Fang Hong.
After three rounds of financing, Qunxing Capital has acquired 1.7% of the equity, plus Fang Hong’s own 7.4%, a total of 8.94%. The biggest meat has been eaten, and some soup can be put in to share with others.
.
Although Stars Capital does not plan to invest exclusively in the subsequent Series B financing, it will also assume the lead investment role in the Series B financing stage and let some other venture capital institutions follow in the investment.
Fang Hong’s follow-up plan is to spin off and reorganize Quantum Beating, establish Quantum Beating Group, and then spin off Quantong Weibo and list it on the A-share market. He must successfully land on the A-share market before the arrival of the leveraged bull market in 2001.
, Fang Hong’s purpose of this move was naturally to take advantage of the epic leveraged bull market to cash out on a large scale at high levels.
Of course, the evacuation will not mean that everyone will be evacuated.
Qunxing Capital must firmly hold the control over Quantum Beat. After all, Liangdong Weibo involves a battle for the right to speak in public opinion. If you don’t occupy this thing, it will be occupied by others. This must not be let out.
Yes, it's not about money.
After cashing out at the high level, you can then pick up the bottom after the bull market ends and the plunge occurs.
…
p: The big update has started. Please give me monthly tickets and full subscription. What should I do after reaching the 000 mark? Of course, I will continue to add more updates. The same is true for every additional 100 subscriptions.