Rebirth: From Cottage To Big Money

Chapter 244

Chapter 244

“alright!”

An Ran gave a wry smile. There are really some troubles in the project of Magical Bike. He only gave a rough operation plan: “You can ask the Chou Tuan if you are interested. If you are interested, then estimate it. At $4.5 billion, then we will sell our share. If they are not interested now, they will follow the investment. It is best to keep this share. This transaction has been confirmed, and there will be a big return, maybe You can make more money if you cover it to the end.”

“Speaking of the big yellow car, what is the situation of the big yellow car now?” An Ran took the initiative to change the subject.

“In the case of the big yellow car, the new round of valuation is about $2.3 billion.”

Xu Jiawei is also clear about the data. There are examples of magic bicycles. He also has to explain: “The big yellow car was established earlier than the magic bicycle. It was created by a few college students. They received our financing. They developed quickly, but after all, they were still a step too late. The Magic Bike went faster. From the beginning, when they saw the big yellow car coming out, they quickly fought it out, and then quickly boarded the capital. road.”

“The result is that although the Rhubarb car is steadily hitting, it has developed smoothly all the way, but it is a big step behind others. Now the magic bike has gone out of China and is going overseas, and the Rhubarb car is planning to go overseas. So This valuation is not unexpected at all, and because we have invested in them from the beginning, Dahuang Motor still holds a relatively large share, occupying 18% of the equity.”

“After several rounds of financing, the price we paid was actually not much, only about 70 million. Of course, the equity was cut in the middle. Originally, we held 28% of the equity. , Was diluted by 10% of the equity.”

Xu Jiawei has some disappointments.

Speaking of it, it is very normal, from 28% at the beginning to 18% now!

But you also need to see what you paid-what the price is.

70 million!

Only 70 million!

What an international joke? With the popularity of shared bicycles in China in the past two years, it has been enthusiastically praised by capital. At the beginning, it was okay. The angel wheel, or even said that there is no angel wheel, started with the A round.

The A round is definitely the price of cabbage. There is nothing to say about it, but in the B round, some companies have developed very well, so it is very scary. It is possible that the A round’s valuation is less than a few million dollars. But in the B round, just a few months, less than a year, directly pushed up the valuation of several billion dollars.

Such a company is not uncommon. It should be said that it is very common in China. As for the real valuation, is it so high?

The false height is certain.

Who has gotten involved with the Internet? As long as we get involved with the Internet and combined with the development of the Internet in China over the years, the incredible valuation is no longer a big deal, but it is a normal thing. , Then the problem comes again. When it comes to the B round valuation, it becomes very high. If you follow the investment and want to guarantee your share, the price you pay is also high.

Next is the C round, and the price to pay will be higher.

If you want to pay a low price, you can only accept the equity that has been diluted.

In the case of the big yellow car project, An Ran was not optimistic about shared bicycles. At the meeting, it was directly explained that there would be a big heat, and it would not last long. In the end, there would be chicken feathers in the same place. This has already made Longyue Venture Capital. I have made enough preparations, so when I invested, I didn’t blindly follow the investment or spend money with others, but kept a certain share and accepted the dilution.

But no matter what, the 18% equity is now only invested 70 million, and the big yellow car is valued at $2.3 billion.

This 18% share is worthless.

It is more than 2.8 billion. Compared with investment, the rate of return of this project, based on this estimate, has reached 27 times, which is already very scary.

“Exit, you can’t stay in the big yellow car project.”

An Ran knows the history of the development of the Rhubarb bike, which is a very dangerous project. Although there is no danger this year, it will not explode until the end of next year. In terms of time, it is faster than the Magic Bike, but it is more serious than the Magic Bike. Much, but the founder team went into the small black room collectively: “According to the current valuation, can it be sold out this year?”

“A little difficult!”

Xu Jiawei shook his head, knowing that there are some things to go ahead. You can’t wait until something goes wrong before thinking about it. At that time, the daylily is cold: “A new round of financing is about to begin, and they also invite us Make follow-up investment, and now if we reverse the operation, it may attract the attention of our peers, and this will outweigh the gain.”

· ··Find flowers·············

“What if Longyue Ventures is operating a super large project because of lack of funds, so it wants to sell the project?”

An Ran had long thought of an excuse. If Longyue Ventures took the project in the past, there would be no problems, but now Longyue Ventures is well-known in the domestic investment community, and any action will be noticed. But because of their actions, the collapse of shared bicycles should not be accelerated: “Long Yuechuang had a problem with its investment funds and had to take a project. I believe it will not be suspected.”

“Before the new round of financing, if it can be operated, it will be almost 5% of the share.”

….. ……. 0

Xu Jiawei pondered for a moment, and said slowly: “First shot 50% of the share, and then after this round of financing, if we don’t follow the investment, the remaining 13% should be diluted. I estimate that there will be only about 10% left. Of course, after the financing is over, there will be some actions in the big yellow car after a while, so if you consider their market, I believe the problem is not big.”

“My idea is that by the middle of the year or the end of the year, after their financing is over, they will burn almost the money, and then we will make another move. I believe that by that time, the valuation of more than 3 billion US dollars will be no problem at all. In this way, even if we are diluted by 3% of the equity, in fact, not only did we not lose, but on the contrary, we made more.”

“In this way, our interests can be maximized, and it is also the safest way to avoid suspicion. The most important thing is to contact the ugly group now. If everything goes well, I believe that by then the magic bike will be defeated. The project is similar. The two are kept in a synchronized state. There will be no back-hands, and no waves will be caused. Even if there are waves, then we have calmly played, and it will not affect us. ”

Xu Jiawei’s thinking is very clear.

If there are no other problems, there is a problem with sharing bicycles.

Because Longyue Ventures is doing two projects, once they play one, it will cause volatility. It is that Longyue Ventures is too sensitive. Their appearance will make people think that Longyue Ventures is not optimistic about this field.

……Long.