After divorce, I can hear the voice of the future

Chapter 104 What is capital? !

"Mr. Lu, let's chat tonight?"

Zhu Hu smiled and extended an invitation, and Lu Liang smiled and nodded, gladly accepting it.

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 began.

Zhu Hu also said goodbye to Lu Liang temporarily.

Liu Qing and Zhu Hu went to talk privately to Dai Wei respectively. After they finished talking with Dai Wei, they talked together again.

The content of the three conversations is unknown, but some kind of consensus should have been reached temporarily, and Zhu Hu had a slight advantage in the end.

The financing meeting ended with Jinshajiang subscribing to 6% of the shares and Didi Capital subscribing to 4% of the shares.

Surrounded by two major capitals, Dai Wei was full of vigor and enthusiasm, and 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 our turn!"

After the financing was completed, Lu Liang, as a shareholder, was invited to attend ofo’s internal post-financing meeting.

Upon learning that Zhu Hu had moved out of the Ali Group, he promised to let Alipay provide traffic interfaces, thus leading the A round of investment.

"Mr. Lu, we have booked a table for a celebratory banquet. Would you like to join us?" Dai Wei invited with a smile.

Lu Liang smiled and politely declined: "Just have fun. I have something else to do later, so I won't go."

Dai Wei did not force it. He informed Lu Liang of the equity distribution after the financing and asked him to sign the authorization. Finally, he watched him leave.

In this round of financing, ofo contributed 10% of its shares, and 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 hesitated for a moment and replied with a smile: "Mr. Zhu, I'll go back to the hotel first and come over later."

Jinshajiang led the A round of financing, and Zhu Hu promised to let Alipay provide traffic interface, but ofo did not do so without paying a price.

The price Dai Wei paid made Lu Liang shocked.

He decided to form a board of directors after the financing was completed and give Jinshajiang a board seat with a veto power.

No idea what the two families talked about, and ultimately this was used as the price of exchange, but Lu Liang smelled a conspiracy.

Because Dai Wei didn't know yet, Lu Liang promised Zhu Hu that he would transfer the equity at a 20% premium in the B round of financing.

Jinshajiang will definitely participate in ofo's Series B financing, and there is a high probability that it will continue to lead the investment.

In this way, after the completion of the two rounds of financing, Jinshajiang will at least own 10% of the shares.

Adding the 18% held by Lu Liang, even after the dilution of the B round of financing, there should still be 16.2%.

Jinshajiang holds a guaranteed 26.2% stake, plus a veto power, and Zhu Hu has no idea what agreement he has reached with Liu Qing.

Dai Wei is done~
Ofo is going to change~
"What price did Zhu Hu pay to make Alipay willing to provide the traffic interface?"

Lu Liang thought about it again and again, and suddenly thought of Shen Peng and the Meituan he invested in.

Zhu Hu probably took the same approach as Shen Peng and had already found the seller before investing.

If the company can go public successfully, they will stay until the end. If the situation is not good, they will simply 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 need to have money yourself."

Lu Liang benefited a lot from attending the two financing meetings. Shen Peng and Zhu Hu showed him what capital is.

It is not so easy to take investors' money. If you take it, you will be courting disaster and you will always be worried about falling into the abyss.

After returning to the hotel, Lu Liang took a shower, changed his clothes, and took a car to the address provided by Zhu Hu.

I have to say that Zhu Hu’s taste is a bit unique. It is a restaurant that looks like a restaurant and also like a business K-type restaurant.

There was a table of delicacies from land and sea in the box, and there were several young ladies in tight skirts.

Zhu Hu held the microphone and sang "Love Song of the West Sea".

He was so affectionate, more like a coal boss than a venture capitalist, that he didn't even notice Lu Liang coming.

"We can't go back to the past~"

The bitter, hoarse, and weathered voice caused the beauties in the box to applaud and cheer.

Lu Liang also smiled and clapped: "Daolang Benlang."

"It's okay, it's okay. I was bored waiting and decided to show off my singing skills." Zhu Hu was all smiles. He liked it most when people praised his singing.

He asked the princess to turn on the lights in the box, waved his hand to disperse the hostesses, sat at the table and said with a smile: "It's just been served. You haven't started eating yet. Let's eat together."

Lu Liang nodded, and the two of them ate the food tacitly without drinking. If they wanted to drink, they would at least wait until they were done with their work.

"Did you just attend ofo's internal meeting?" Zhu Hu asked. Seeing Lu Liang nod, he asked again, "What do you think?" "The B round valuation should be tens of millions of dollars. We made a lot of money from this deal." Lu Liang smiled.

The implication is that he saw it, but was not interested and just wanted to cash out at a high price and leave with the money.

The subsequent disturbances had nothing to do with him.

"Yes, I made a lot of money." Zhu Hu smiled happily.

The two agreed to meet tomorrow to formally sign the contract.

As the glasses clinked, it signaled that the serious business was over and it was time for leisure and entertainment.

Drinking, eating meat, singing, and bragging.

They talked about everything from the situation in the Middle East to the rising price of meat. They never talked about business. They also changed the way they addressed each other from Mr. Zhu and Mr. Lu to Brother Hu and Brother Liang.

"Brother Tiger, it's a shame we didn't meet earlier~"

"Brother Liang, drink this cup~"

After three rounds of wine and five dishes, Zhu Hu was already embracing the beauty and attacking the lower three routes, his true manliness was fully exposed.

But he saw that Lu Liang was not satisfied, so he waved his hand and said, "Let's change places and continue playing."

Zhu Hu, with a look of disgust on his face, wiped the mucus on his hands onto the beautiful woman's clothes and prepared to move the battlefield with Lu Liang.

After all, Yanjing is his home turf, and visitors are guests. If guests are dissatisfied, it is the greatest insult to the host.

Lu Liang smiled and politely declined: "Brother Hu, I have something else to do tonight, just have fun."

He roughly knew what the next scene would be about, and he was not resisting, he just resisted going with Zhu Hu.

You still have to protect yourself when you go out. The worst thing about making friends is not talking too much when you are just starting out, as it means the relationship between the two people is not that good.

Zhu Hu pondered for a moment, and understood Lu Liang's concerns, and said with a smile: "Then I will take you there."

"Brother Tiger, please stay."

At the entrance of the restaurant, Lu Liang waved goodbye to Zhu Hu and took Wen Chao and Fang Shiyu back to the hotel.

After taking a shower, I sat in front of the floor-to-ceiling window, looking at the bustling capital, and thinking about the arrangements for the next two days.

The next day, Lu Liang came to Jinshajiang’s office in Beijing.

This is an institution that focuses on investing in high-tech companies and manages approximately US$45 billion and RMB 120 billion in funds.

Although the funding is not as much as Sequoia, Zhu Hu is one of the main founding members, unlike Shen Peng who is just a collaborator of Sequoia. Therefore, the two have similar status in the domestic venture capital circle.

The three main creators are 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 medicine, VR/AR and new media industries.

GSR Ventures has participated in the early-stage financing of Kuaishou and ByteDance, both of which Lu Liang is following, and holds equity stakes ranging from 2% to 6%.

"Short videos seem to be a trend." Zhu Hu asked someone to prepare the contract and saw that Lu Liang was paying 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 has spent no less than one million to let third-party institutions conduct market research.

I understand.
Why short videos are gradually becoming a new trend.

Zhu Hu was surprised. He didn't expect Lu Liang to understand it so thoroughly and see through the essence of the matter in just one sentence.

He smiled and asked, "Are there any promising companies?"

"Kuaishou is pretty good, but a little vulgar."

"The vulgarity is the elegance."

"maybe."

Lu Liang smiled, but did not agree.

He agrees that the most vulgar thing is the most elegant thing, but he doesn't think Kuaishou meets this standard.

At least he tried it a few more times afterwards, or asked Fang Shiyu, Wen Chao and Chen Jinchun to experience it for a few hours.

But except Wen Chao, no one could accept it, because Wen Chao was from the north and they were from the south.

I don't see what's good about it, and I even feel a little disgusted. It uses the region as a joke, which deepens the stereotype of northerners.

Although they cannot represent the south, they can prove that there are certain barriers for Kuaishou to enter the southern market.

(End of this chapter)