The Black Card - Chapter 811

[Chapter 809 Two companies financing at the same time]

The flash mob announces the Series A financing plan.

This financing comes less than two months after the last round.

The last round of pop-ups was valued at 250 million, and the venture capital circle felt that this was already a premium.

Pop-up’s last round of financing was 25 million, and coupled with the accumulated funds in various markets, the venture capital circle generally believes that Pop-up can use more than 40 million in funds.

Now that Flash has announced that it will raise funds, this means that the 40 million has almost been burned out.

However, in comparison, the 40 million burned was quite reliable. At least one of the Magic City markets was completed, two markets in Yangcheng and Baoan were opened, and two markets in Wudong and Xixi were initially established.

In the early days of the pop-up, Shi Lei and Wei Xingyue jointly invested more than 20 million, which was actually a market in the Imperial City. The Magic City Market was just a shelf at the time.

Therefore, the 40 million spent in the past two months is equivalent to three complete markets, while the more than 20 million previously spent on only one market in Imperial City, so the efficiency of burning money is quite good.

With Shi Lei’s rhetoric and the fairly good market performance of the four first-tier cities, the venture capital circle is not as conservative as before. Some investors are beginning to think that the pop-up model may also be able to generate profit margins.

Moreover, investors are not fools. They are smarter than anyone else. Investing does not mean just investing in a random project and waiting for the potential stocks to hit the market like a gamble.

Before investing, you must at least confirm its operating model. It is best to directly find the profit model, so that the possibility of investment will be greater.

Qixuan has undoubtedly not found a reasonable profit model, but the user data and state support it brings, as well as the new concept of green environmental protection, are enough to make investors excited.

Although Kuai Moo is still not favored by them, through the cooperation between Kuai Moo and Qixuan during this period, investors have also seen that the two companies can complement each other. As long as Qi Xuan continues to develop well, Kuai Moum will survive for several rounds. Financing and even continued appreciation are promising prospects.

Therefore, when Flash Mob announced its financing plan, the outside world still criticized it, but the venture capital circle took active action.

There is an unspoken consensus within these investment companies that have taken action, that is, everyone feels that the pop-up company should have profit margins long ago. If the second-tier cities respond better, the C round will still be available. There is a possibility of operation, but round D is not worth entering anyway.

In just twenty-four hours after the news of the financing spread, there were already five investment interview emails on Wei Xingyue’s office computer.

Wei Xingyue called the companies that sent the five emails one by one and asked them to quote directly. The two companies silently asked Wei Xingyue to quote. Wei Xingyue politely asked the other party to reconsider, and then hung up the phone.

Among the other three companies, the highest one quoted a valuation of 800 million. Wei Xingyue politely declined each one. The other party asked her to think more about it, but she forcefully told the other party that she would not consider it.

Subsequently, Yaoer also released news to the outside world that Qixuan would conduct Series B financing.

For a time, the phone on Yao Er’s desk became a hotline. Compared to the flash mob, investors were obviously more optimistic about Qixuan’s development and more willing to invest in Qixuan.

And Yao Er’s attitude was stronger than Wei Xingyue’s. No matter how close or distant Yao Er was, Yao Er always said the same thing – “Please form an investment term sheet and fax it directly to our company. I’m sorry, there are too many phone calls and my brain capacity is limited.” , I really can’t remember.”

There’s nothing we can do about it, because Qixuan is now a hot commodity in the investment market.

Many entrepreneurs have to go from house to house with a business plan. Even if they beg their father and grandma to sue them, they may not be able to get an investment. However, in Qixuan, Jiang Taigong is sitting on the Diaoyutai. He doesn’t even want to answer the phone. He just wants to read the written investment letter. .

To put it bluntly, this is Qixuan waiting for the price to be sold, waiting for the capital market to give a higher valuation.

But even so, investment letters of intent were sent to Qixuan one by one. Yao Er called Shi Qiang and asked him to hand over his work as soon as possible and return to Wudong Qixuan headquarters.

Shi Lei had already reached a consensus with Shi Qiang. Shi Qiang originally thought that he would have to wait for the other two cities in the Pearl River Delta to have a more complete layout. Unexpectedly, Yao Er immediately called him back after launching the B round of financing.

Because Shi Lei had greeted him in advance, Shi Qiang also consciously distributed his power to four people during this period, letting each of them be responsible for a city.

Now receiving a call from Yao Er, Shi Qiang immediately called four people for a meeting and said that whoever can take his position will depend on the performance of the next four people.

At the same time, he warned them that if they want to rise, they should do their own market well and don’t try to hinder other people’s markets.

Once someone is found to be harming the interests of the company, it is not a matter of not being promoted.

The four people looked at each other, and Shi Qiang took another two days to completely hand over the work in his hands. Shi Lei had returned to Bao’an at this moment, and naturally took over Shi Qiang’s position, but he also expressed his position to the four people. He just He is temporarily responsible for coordinating the work of the four of them and will not control this position too much.

Shi Qiang returned to Wudong.

Yao Er handed over the selected investment letter of intent to Shi Qiang. Shi Qiang understood that this was Yao Er showing him the current pursuit of Qixuan by the capital market, and also showing him the current valuation of Qixuan. scope.

Although Shi Lei promised to give Shi Qiang the lead investment rights in Series B, Shi Qiang still had to keep up with Qixuan’s situation. It cannot be said that the outside world valued Qixuan at 2 billion, but Shi Qiang only gave a valuation of 1 billion. valuation, then let Shi Qiang lead the investment, right?

Moreover, Yao Er discovered that even he had imagined Qixuan’s valuation a bit low, because among the more than ten investment letters of intent, the one with the lowest valuation reached 1.8 billion soft sister coins, while the one with the highest valuation One company even valued Qixuan at US$400 million.

Four hundred million U.S. dollars, based on the current exchange rate of Rongmei Coin of about 6.7, is already a valuation of up to 2.7 billion Rongmei Coin.

Shi Qiang took these investment letters of intent and went back to discuss it carefully with his family.

With a valuation of more than 2 billion, if you want to acquire all ten shares of Series B, you will need more than 200 million in cash. Although Shi Qiang’s family has money, they really don’t have enough money to spend it casually. For the sake of more than 200 million in cash.

Moreover, it is impossible for the Shi family to eat all the meat and drink every drop of the soup. The capital market is so enthusiastic, and Shi Qiang must also consider the ideas of other companies.

The key is that Qixuan will never accept the conditions of installment financing now. If it wants to invest, it must inject all the funds in one lump sum.

The final result of the discussion was to value Qixuan at 2.6 billion soft sister coins. Shi Qiang’s family led the investment, accounting for 5%, and the remaining 5% of the shares were handed over to those with the strongest investment intentions. The three companies with the highest bids are allocated.

Three days later, Qixuan, which later released the financing news, secured the Series B financing first.

Qixuan’s valuation has reached 2.6 billion, and this round of financing has also reached 260 million. In addition, all the companies that invested in the A round have expressed their intention to increase their holdings. In the B round of financing, Qixuan actually received as much as Nearly 290 million.

I don’t know if the companies that failed to get Qixuan’s Series B investment were stimulated, but half of them turned to pop-ups.

This brings Wei Xingyue’s finalized Series A financing of Flash to 130 million, which also means that Flash is valued at 1.3 billion.

Supplement 11.

I just finished one chapter today, but I still owe another chapter, so I will continue tomorrow.

The following plot should be thought about carefully.

(End of chapter)