In the office, after Xu Jingren asked how much the financing would be, 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 did not expect Qunxing Capital to buy their equity instead of financing the company. He immediately asked: "How much do Qunxing intend to buy it for?"
Fang Hong said: "Currently, I hold 7.245% of the equity of Quantum Beating. You and Lou Gaoyuan each hold 6.279% of the equity. This time Qunxing Capital requires the acquisition of 4.029% of the equity from each of the five of you.
, I sold 4.995% of the shares and acquired these shares at a premium of the company’s valuation of about 5 billion.”
Just as Xu Jingren was calculating, Fang Hong said directly: "In other words, each of the five of you sold 4.029% of the equity to cash in a cash flow of 200 million, and I got 250 million in cash. We each got
The money does not belong to the company, but is money in your own name, and of course the corresponding taxes must be paid."
After completing 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 be reduced to 2.25%, and they will have complete financial freedom in life.
Fang Hong definitely did not treat them badly, and this was also a reasonable reward for them.
Without Fang Hong, it is still unknown whether they would be worth over 100 million today.
Let them cash out 200 million and still hold 2.25% of Quantum Beating's equity, hoping 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, which together account for 13.5% of the total equity. The option pool has reserved 9.66%, and the shareholding of Qunxing Capital has increased to 76.84
%proportion……"
He calculated that the equity held by Qunxing Capital was all Class A shares, which means 1 share with 1 voting right, while the founder team held Class B shares, which means 1 share with 20 voting rights.
In other words, the founder team holds a total of 13.5% of Class B shares and has 75.73% of the voting rights, which is far greater than the two-thirds majority of 67%. Even if the founder team holds 13.5% of the equity, it still has absolute control over the company.
Xu Jingren did not forget that among their founder team, Fang Hong still had the guaranteed veto power. The team gave him this one-vote veto power, which meant that when everyone’s opinions differed, Fang Hong’s decision would be taken as the basis.
allow.
At the end, Xu Jingren put away his thoughts and said neatly: "Qunxing Capital is quite kind. I have no problem. If I cash out 200 million, I can arrange all the luxury houses and cars. Gao Yuan and the others will definitely have no objection."
Hearing this, Fang Hong smiled and said: "Look, Stars Capital expected that you would have this idea."
Xu Jingren couldn't help but be stunned: "Huh——?"
Fang Hong said methodically: "There are still prerequisites for cashing out 200 million yuan. Qunxing Capital is worried that after we cash out hundreds of millions of funds to achieve financial freedom, we will become lazy and lose the spirit of struggle, so Qunxing came up with two solutions."
Hearing this, Xu Jingren immediately said: "Why are there still conditions? What solution?"
Fang Hong nodded and said: "The first solution is that after we cash out, we will use 5 million yuan to improve our lives, and the remaining money will be handed over to Qunxing Capital for financial management with guaranteed principal and interest, and the annual interest will be 7.58 percentage points, locking in ten
The term will be cashed to us with interest after ten years."
Xu Jingren couldn't help but complain: "Stars Capital still knows how to play, there are really many tricks."
Fang Hong said with a smile: "After all, they also have to protect their own interests. They are worried that we will lose our motivation once we have free wealth. However, financial management with guaranteed principal and interest of more than 7 points per year is still very kind. After ten years, the principal and interest will be covered."
The cash-out income can be doubled.”
If you cash out 200 million, you will have to pay 20% tax on the transfer of personal equity. You will get 160 million, of which 5 million can be used to improve your life. The remaining 155 million will be given to Qunxing Capital for financial management with guaranteed capital and interest, and the capital will be restored after ten years.
The profit can be cashed in at 321.84 million yuan, doubling the income.
The most important thing is that the interest rate is 7.58 percentage points with guaranteed principal and interest. This is risk-free financial management. Any investment and financial management that claims to be able to maintain principal and interest with an interest rate of more than 6 percentage points is either a liar 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. After cashing out, you can retire directly and hand over the operating rights of the company to Qunxing Capital. The remaining 2.25% of the equity held may or may not be sold."
Obviously, Fang Hong gave two plans and then left the choice to them to decide whether to stay or not.
There is no problem in staying and continuing to work, but you need to continue to struggle and you cannot enjoy it. If you want to enjoy life, well, you can cash out 200 million and do whatever you want. No one will care about how cool and unrestrained you want, but the company of Quantum Beats
Management rights must be handed over.
After hearing the second plan, Xu Jingren said without hesitation: "There is no need to consider the second plan. I have never thought about handing over the company. I still want to grow the company to 500 billion or even trillions in size."
, Boss, tell Mr. Cao or other people at Qunxing Capital that if Quantum Beat leaves the founder team, they may not be able to run well. The founder team is the one who understands Quantum Beat best. Our vision has expanded, and today’s ambitions are
It’s more than 200 million.”
If the company reaches a size of 500 billion in the future, even with 2.25% of the equity in hand, the value can soar to the 10 billion level.
Xu Jingren stated his position so clearly that Fang Hong, as the boss of Qunxing Capital, was actually quite satisfied.
Don't be afraid that he is ambitious, just be afraid that he is not ambitious.
After a while, Xu Jingren called Sun Xin, Lou Gaoyuan and others over to discuss the matter together.
In the end, everyone unanimously agreed to transfer the equity in their hands and chose the first option. The process was much smoother than Fang Hong expected.
At this point, Qunxing Capital holds 76.84% of Quantum Beating's equity, and the six co-founders including Fang Hong and Xu Jingren respectively hold 2.25% and the remaining option pool reserves. Qunxing Capital will neither increase nor reduce its holdings.
The six co-founders will also not reduce their holdings. The only change is the 9.66% equity reserved in the option pool, which is an equity incentive reserved for other employees of the company.
After Quantum Beats completed a new round of equity changes, it was a matter of spin-off and reorganization. The Weibo product was spun off and became a subsidiary. The parent company is Quantum Beats.
After the spin-off, the Weibo project subsidiary will raise funds from external capital and then go public through a backdoor listing.
Quantum Beat's current book liquidity is more than 300 million. After the spin-off and reorganization, this money will not be transferred to the name of the spun-off Weibo subsidiary, but will still remain in the name of the parent company Qunxing Capital.
Fang Hong plans to use this money to start the WeChat project. The WeChat project will also be split off. Quantum Beat will set up a new project company to develop the WeChat product. At that time, it will still be used by Big A alone.
Listed.
As for the current development funds needed by Weibo, it is just a matter of refinancing. Qunxing Capital will not lead the investment in subsequent financing, nor will it follow the investment.
From now on, Qunxing Capital will no longer provide any financing to Quantum Beating. The money for the company's development will not be used until Weibo is successfully listed. During the super bull market in 2015, the parent company Quantum Beating sold off part of Weibo in the secondary market.
Bo's stocks are used for the development of the enterprise.
…
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 an independent company and establishing a subsidiary.
On Wednesday, October 7, Quantum Beat officially issued an announcement announcing the company's split and reorganization, and the Weibo business group will be split and independent, and will be 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 for the financing plan of Weibo subsidiary, not the parent company Quantum Beating.
As soon as the news came out, various venture capitals paid attention and went through a series of announcements made by Quantum Beat that day.
Chung Tai Capital was the first player to jump out and shout to get on the bus, but Liu Qizheng did not go to Xu Jingren. Instead, he went directly to Hua Yu, the apparent head of Stars Capital, and called Hua Yu to express his opinions directly.
I found out about Chung Tai Capital’s intention to get on board.
There is nothing wrong with Liu Qizheng's operation. In his opinion, as long as there are no problems with Hua Yu, there will be no obstacles to investing in Quantum Beat's Weibo project subsidiary.
