Chapter 104 What is capital? !
"Mr. Lu, let's talk tonight?"
Zhu Hu smiled and extended the invitation. Lu Liang smiled and nodded, accepting happily.
As Liu Qing walked out of the conference room and came back again, the battle for the lead investment in Ofo’s Series A financing officially started.
Zhu Hu also bid farewell to Lu Liang for the time being.
Liu Qing and Zhu Hu went to Dai Wei for private chats one after another. The two ended their conversation with Dai Wei, and finally chatted together again.
The content of the three conversations is unknown, but some agreement should be reached temporarily, and in the end Zhu Hu was slightly better.
This financing meeting ended with Jinshajiang subscribing for 6% of the shares and Didi Capital subscribing for 4% of the shares.
Surrounded by the two major capitals, Dai Wei was high-spirited and in the limelight. He roared in a deafening voice: "Over the past 100 years, many Peking University people have changed Peking University and the world. This time it is time to It’s our turn!”
After the financing was completed, Lu Liang, as a shareholder, was invited to participate in ofo’s post-financing internal meeting.
After learning that Zhu Hu had moved out of Ali Group, he promised to let Alipay provide traffic interfaces, thus leading the Series A investment.
"Mr. Lu, we have booked a celebration banquet. Do you want to join us?" Dai Wei smiled and extended the invitation.
Lu Liang smiled and declined politely: "Just have fun. I have something to do later, so I won't go."
Dai Wei did not force it and informed him of the equity after financing. distribution, and asked Lu Liang to sign the authorization, and finally watched him leave.
In this financing ofo took out 10% of its shares, his shareholding ratio dropped to 50.4%, and Lu Liang’s shareholding ratio also dropped to 18%.
On the way back, Lu Liang received a call from Zhu Hu.
He pondered for a moment and responded with a smile: "Mr. Zhu, I will go back to the hotel first and then go there later."
Jinshajiang led the Series A financing, and Zhu Hu promised to let Alipay provide Traffic interface, Ofo did not pay a price.
The price Dai Wei paid shocked Lu Liangdu.
He decided to form a board of directors after the financing was completed, and gave Jinshajiang a board seat and veto power.
I don’t know what the two families talked about and finally used this as the price of exchange, but Lu Liang smelled a conspiracy.
Because Dai Wei didn’t know it yet, Lu Liang promised Zhu Hu to transfer the equity at a 20% premium in Series B financing.
When ofo conducts Series B financing, Jinshajiang will definitely participate, and there is a high probability that it will continue to lead the investment.
In this way, after the completion of two rounds of AB financing, Jinshajiang will own at least 10% of the shares.
Coupled with the 18% held by Lu Liang, even after the Series B financing is diluted, there should still be 16.2%.
Jinshajiang holds a guaranteed 26.2%, plus a veto power, and Zhu Hu doesn’t know what agreement he has reached with Liu Qing.
Dai Wei is gone~
ofo is about to change~
“What price did Zhu Hu pay to make Alipay willing to provide traffic interfaces?”
Lu Liang thought about it again and again, and suddenly thought of Shen Peng and the Meituan he invested in.
Zhu Hu is probably on the same path as Shen Peng. He has already found the seller in advance before investing.
If the company can go public smoothly, they will stay with it until the end. If things go wrong, they will just cash out and leave.
“As expected of the big and small kings in the venture capital industry, none of them are good people. If you want to start a business, you still have to have money.”
Lu Liang benefited a lot from participating in the two financing meetings. , Shen Peng and Zhu Hu showed him what capital is.
Investors’ money is not so easy to get. If you take it, you will be seeking skin from the tiger, and you will always worry about falling into the abyss.
Back at the hotel, Lu Liang took a shower and changed his clothes, then took a car to the address provided by Zhu Hu.
I have to say that Zhu Hu’s taste is a bit unique, a Shang K-type restaurant that looks like a restaurant and a Shang K restaurant.
There was a table of delicacies from the mountains and seas in the box, as well as several young girls wearing hip-hugging skirts.
Zhu Hu held a microphone in his hand and sang "Love Song of the West Sea".
He is affectionate and looks more like a coal boss than a venture capital boss, so much so that when Lu Liang came, he didn't even notice.
"We can't go back to our past~"
The bitter, hoarse, and weathered voice attracted the applause of all the beauties in the box.
Lu Liang also smiled and clapped: "Daolang Benlang."
"It's okay, it's okay. I'm bored and it's a temporary itch." Zhu Hu smiled broadly, and he liked to be praised for his singing the most. Nice to hear.
He asked the princess to turn on the light in the box, waved his hand to disperse the host of girls, sat at the dining table and said with a smile: "I just served you, and I haven't moved my chopsticks yet, let's eat some together."
Lu Liang nodded, and the two of them ate the food in unison without touching the wine. If they wanted to drink, they had to at least wait until they were done.
"Just attended an internal meeting of ofo?" Zhu Hu asked. Seeing Lu Liang nodding, he asked: "What do you think?" "The valuation of the Series B should be tens of millions of dollars. This deal , I made a lot of money." Lu Liang smiled.
The implication is that he sees it, but is not interested. He just wants to cash out at a high price and leave with the money.
The subsequent disturbances have nothing to do with him.
"It's a lot of money." Zhu Hu smiled happily.
The two agreed to meet tomorrow to formally sign the contract.
As the wine glasses clinked, it was announced that the serious talk was over, and it was time for leisure and entertainment.
Drinking, eating meat, singing, and bragging.
From the situation in the Middle East to the rise in meat prices, we talked about everything but serious business. The names we called each other changed from Mr. Zhu and Mr. Lu to Brother Tiger and Brother Liang.
"Brother Tiger, it's too late to meet you~"
"Brother, let's have a drink~"
After three rounds of wine and five flavors of food, Zhu Hu has embraced the beautiful woman and mainly attacks the next three On the road, the true nature of a man is exposed.
But he saw that Lu Liang was not satisfied, so he waved his hand and said: "Let's change the scene and continue playing."
Zhu Hu looked disgusted and wiped it off the beauty's clothes The mucus on his hands was ready to be taken to the battlefield with Lu Liang.
After all, Yanjing is his home court, and visitors are guests. A dissatisfied guest is the greatest insult to the host.
Lu Liang smiled and declined politely: "Brother Hu, I have something else to do tonight, just have fun."
He probably knew what the next scene was going to be. It’s not resistance, it’s just resistance to go with Zhu Hu.
You still have to protect yourself when you go out. The most taboo thing about making friends is shallow talk. The relationship between the two is not that good yet.
Zhu Hu pondered for a moment, and understood Lu Liang's concerns, and smiled: "Then I will give it to you."
"Brother Hu, stay."
At the door of the restaurant, Lu Liang waved goodbye to Zhu Hu and took Wen Chao and Fang Shiyu back to the hotel.
Take a shower, sit in front of the floor-to-ceiling window, look at the bustling capital, and think about the arrangements for the next two days.
The next day, Lu Liang came to the Jinshajiang office in Beijing.
This is an institution focused on investing in high-tech enterprises, managing approximately US$4.5 billion and 12 billion RMB.
Although there is not as much capital as Sequoia, Zhu Hu is one of the main founding members, unlike Shen Peng who is only a collaborator of Sequoia, so the two have similar statuses in the domestic venture capital circle.
The three main creators are each responsible for different fields. Lin Renjun focuses on artificial intelligence, cloud computing and medical health industries, Zhu Hu is responsible for the Internet, wireless and new media industries, and Ding Jian is responsible for big data, digital health, and VR. /AR and new media industry.
Kuaishou and ByteDance, which Lu Liang is concerned about, and Jinshajiang Venture Capital have participated in early financing, holding equity ranging from 2% to 6%.
“Short videos seem to be a trend.” Zhu Hu asked people to prepare contracts and saw that Lu Liang paid special attention to these two companies.
“After all, the pace of life is getting faster and faster now, and people want to get the most pleasure in the shortest time.”
In addition to new energy vehicles, the short video field is also an industry that Lu Liang has been paying attention to. In this regard, he spent no less than one million to have third-party organizations conduct market research.
It is also understood why short videos are gradually becoming a new trend.
Zhu Hu was surprised. He did not expect Lu Liang to understand so thoroughly and understand the essence in one sentence.
He smiled and asked: "Are there any companies you are optimistic about?"
"Kuaishou is pretty good, but a bit vulgar."
"Vulgarity means elegance."
"Maybe."
Lu Liang smiled, but disagreed. .
Elegance means elegance. He agrees with this statement, but does not think Kuaishou meets this standard.
At least he tried it a few more times, or let Fang Shiyu Wenchao and Chen Jinchun experience it for several hours.
But except for Wen Chao, no one could accept it, because Wen Chao was from the north and they were from the south.
I don’t feel what’s good about it, and I’m even a little disgusted. I joke about the region and deepen the stereotype of northerners.
Although they cannot represent the South, they can also prove that there are certain barriers to Kuaishou’s entry into the Southern market.
(End of this chapter)