Reborn, back to a small county town to become a wealthy family

Chapter 672: Toutiao wants financing

I had lunch with Song Wan.

The two ate and talked about the A round of financing for shared bicycles.

"It was easy to deal with the previous angel round, but for this round of A financing, we need to set up an "equity incentive pool", which generally will not be less than 5%, and some may even reach 10%."

"The establishment of an equity incentive mechanism is a matter of course. What I am concerned about is how many companies are currently interested in Series A financing."

Luo Yang put down the bowl of soup in his hand, looked at Song Wan and said, "At the beginning of the month, you told me that many investment institutions such as IDG and Sequoia Capital had expressed their intention to invest. Now more than half a month has passed. How many more have you added?"

“Tencent has also expressed its intention to invest.”

Song Wan did not directly answer how many potential investment companies had been added, but singled out Tencent: "They have a great influence in the Greater Bay Area. If they can be included in the list of A round financing, it will be much easier for our project to be implemented in Guangzhou and Shenzhen in the future."

"We have an agreement with Mr. Shen that Sequoia Capital has the right to lead the A round, and he called me a while ago and reiterated this right."

Luo Yang also shared his information with Song Wan: "In addition to Sequoia Capital, according to your logic, Baidu should also pay attention to it. After all, they still have some connections in the capital."

"Then let's put five companies on the shortlist?"

Song Wan understood what Luo Yang meant and continued, "In addition to Sequoia Capital, which is the lead investor, we also have Tencent and Baidu, IDG and a local investment institution in Shanghai. We will eventually select three or four from these five."

"can."

Luo Yang smiled and said, "The premise is that the valuation of our financing this time cannot be lower than expected."

"Chairman, what is the expected valuation for the A round of financing for shared bikes?"

Song Wan is now the general manager of the shared bicycle project and is very concerned about news in this area.

"In the previous angel round, Sequoia Capital took 1000% of the equity for 25 million yuan and recognized a valuation of 4000 million yuan."

Luo Yang thought for a moment and said, "After three months of expansion, the scale of the shared bicycle project has expanded dozens of times, and the market prospects are already clearly visible, so the valuation this time must be more than 5 million yuan."

"5 million?"

Song Wan was stunned for a moment: "More than that?"

“It’s only 12 times higher than the angel round. Are you so surprised?”

Luo Yang curled his lips and said, "This is just a valuation based on conventional thinking. If it is based on my idea, the valuation should be at least around 6 to 8 million."

Song Wan: “.”

For a moment, she didn't know how to respond to Luo Yang.

“But there is one more thing to focus on in this financing.”

Luo Yang frowned and said, "In the previous angel round, Sequoia Capital took 25% of the equity. 33% is a red line. Once they get more than this proportion of equity, they will have a veto. This is the result I don't want to see in the early stage of financing, so this time Sequoia Capital can only take 10% of the shares at most."

When the A round of financing comes in, the previous equity ratios of each company will be diluted accordingly.

Therefore, the 25% equity held by Sequoia Capital will be reduced proportionally, and this proportion depends on how much Luo Yang puts out in the A round.

"Chairman, how much equity do you plan to give out this time?"

“It’s still 25%, 10% of which is reserved for Sequoia Capital, and the remaining 15% is shared among the other companies.”

Luo Yang already had a plan in mind: "The reason why we released so many is to raise more funds, speed up the expansion of the shared bicycle project, and seize market share ahead of other follow-up projects."

"Well, then I will speed up the A round of financing for the shared bike project."

Song Wan nodded and said, "We'll try to finish it by mid-August."

In fact, it can be even earlier.

However, considering that many universities outside Shanghai have not been able to sign up, the timing of the A round of financing was not brought forward too much.

"Would you feel sorry for that?"

Luo Yang suddenly asked Song Wan: "The allocation of the equity incentive pool will not be until before the listing, and you will have been transferred to be in charge of the film and television entertainment business by then. According to the rules, you can no longer get the incentive equity."

"I will be satisfied if the chairman can ensure that my company enters the B round."

Song Wan was mentally prepared: "As for me personally, I already have 5% of Kunpeng Technology's shares and 5% of Gray Rhino Capital's shares. One is a core industry, and the other is a company with the ability to make money that is no less than Luo Shengtang. I can't be too greedy."

She was not exaggerating. Gray Rhino Capital made such a big move last week. The scale of one of its fund products was as high as 9300 million yuan. The future returns will definitely not be low. With a large base, the 4% management fee will not be small.

There is more to it than that.

If Guobao Film and Television becomes bigger in the future, she can also get equity incentives from the company.

So when Song Wan said she didn't feel any pity, she was speaking from the heart.

As the two finished their lunch, the conversation about the A round of financing for shared bicycles ended.

After returning to the company, Luo Yang went for lunch break.

At exactly two o'clock, Wen Wan knocked on the door and entered his office.

"You don't have any plans this afternoon?"

In front of the tea table, Luo Yang lit a cigarette, washed the teapot, and asked Wen Wan who was standing in front of him with a smile.

Having just woken up, he did not rush to deal with the backlog of affairs, but first made a pot of tea to wake himself up.

"I don't know if you will come today, so the afternoon time is flexible."

Wen Wan did not relax herself because of Luo Yang's attitude.

She still maintained her standard posture and stood in front of her boss, and replied respectfully, "Last Friday, Dong Xing from Yongcheng Bank called and asked you to come this week, but you can come this afternoon. In addition, Mr. Fu from Santai Real Estate and Mr. Wei from Sunshine Real Estate also asked you to come this week, but they also asked you to come this afternoon. However, the latter suggested that you go to Yintao Golf Club tomorrow morning to discuss."

"Well, your suggestion is good. The meeting with President Fu and President Wei can be held tomorrow morning."

Luo Yang nodded and said, "Did Dong Xing say anything?"

"She just made an appointment for you."

Wen Wan reported truthfully: "But when I asked about the purpose, Dong Xing said it was for the group's headquarters building."

"I remember that I gave this matter to you to handle."

Luo Yang held the teapot in his hand and poured himself some tea while asking, "How much do you know about the headquarters building that the group wants to acquire? Also, what do you think?"

He didn't rush Wen Wan to contact Dong Xuan and ask her to come over in the afternoon to discuss things.

Instead, he first took the exam for the position of director of the board office.

"Boss, this building doesn't have a name yet. Four years ago, Mega Real Estate acquired that area. According to the plan, it was to build a secondary commercial center connecting Minhang and Xuhui. This land is near Xinzhuang Station on Metro Line 5, close to Humin Road, and has a very advantageous geographical location." Wen Wan was not at all false. She sorted out her thoughts a little and reported: "A year ago, the entire project was suspended one after another, and the project's funding chain was almost exhausted. According to investigations, Mega Real Estate encountered difficulties not only in this project, but also in their two projects in Shenzhen and the capital. They have already privately contacted several potential acquisition units."

These are general information. Whether it is from the bank or through ordinary channels, as long as you pay attention, you can basically grasp the basic information.

"According to the information collected, their debt relationship is not complicated. The main debtors are Pufa Bank, Yongcheng Bank and Huaxia Bank. The others are engineering funds from some construction units."

"How much is owed outside, and how much are they prepared to sell?"

Wen Wan thought for a moment before replying, "Pufa owes 14.15 billion, Yongcheng Bank owes 12.88 billion, Huaxia Bank owes 5.27 million, and the remaining balance of external projects totals 1.38 million. Mega-Union's current demands are very clear, requiring the buyer to take over all debts and then take 12 billion!"

"Tsk, 45.68 billion"

Luo Yang smacked his lips and continued to ask: "How much floor space does the building have?"

"The building is divided into two parts. The main body is 38 floors, with a total construction area of ​​172033 square meters, a 6-story podium on the east side, a three-story basement with a total construction area of ​​12018 square meters, and a total construction area of ​​9642 square meters."

"From your perspective, how can we acquire this building with the least amount of money?"

"I have consulted professionals. Since we have a good relationship with Yongcheng Bank, we can communicate with them privately first and ask them to coordinate with the other two banks to collect the money at the same time and bring Zhaohe to court with a lawsuit."

Wen Wan had obviously done in-depth research on this matter, so she spoke in a very methodical way: "After going through the formalities and putting this building up for auction, we can save at least 10 billion yuan, but we may not be able to get it because we are not the only one eyeing this building."

"You mean there are a lot of people staring at that building?"

"According to information obtained from Dong Xing, there are at least four companies eyeing this, all hoping to get a bargain."

Luo Yang tapped his fingers rhythmically on the desk, thinking about something in his mind.

"Boss, Yongcheng Bank is actually willing to carry out debt restructuring."

Wen Wan continued to express her thoughts: "If possible, the restructured debt can be transferred to our group. In this way, our cash payment pressure will be much lighter. We only need to pay for Megahe's needs and the engineering fees they owe."

Luo Yang nodded and said, "The 12 billion from Megahe can be negotiated, right? I think they are willing to resolve the debt issue as soon as possible. Otherwise, there is no need to rush to find buyers. If it keeps dragging on like this, aren't they afraid of entering the judicial auction process?"

Wen Wan didn't say a word.

She really didn't know much about engineering matters, so she didn't express her opinions carelessly.

"How about this, you ask someone to contact Dong Xing to come over, and we can talk to her about some things."

In mid-July, the U.S. crude oil futures market will be turbulent again, and this wave of market conditions will continue until early September. During this period, Luo Yang will be able to reap at least 7 billion euros in profits.

According to the analysis just now, Luo Yang only needs to take out one-fifth of the revenue to complete the acquisition of the headquarters building.

Moreover, considering the time, the company structure must have been adjusted before September. The money used to acquire the headquarters building can be injected from the investment company established overseas into the holding domestic group company.

"I'll arrange for someone to contact Dong Xing."

Wen Wan immediately responded: "The time is scheduled between 3:30 and 5:00?"

"Ok!"

After Luo Yang nodded, Wen Wan turned around and left to make arrangements. However, two minutes later, she returned to the tea table.

"Boss, I have arranged for you to meet with Mr. Fu and Mr. Wei at Yintao Golf Club on Wednesday morning to discuss the establishment of their fund products. At the same time, I will notify Mr. Zhao from Gray Rhino Capital to attend."

After returning, Wen Wan continued her report.

"After 2:00 p.m. on Wednesday, you and Assistant Yu will go to the Yang City Chamber of Commerce in Modu. Last Saturday, Assistant Yu had already contacted Secretary-General Chen of the Chamber of Commerce."

Last Friday, Luo Yang attended a dinner in Yang City and proposed that the city work with the Yang City Chamber of Commerce to build a platform to discuss the introduction of a graduate school from a Shanghai university in Yang City.

He has already had preliminary communication with Tang Hailin about this matter, and the next step is to greet the Yangshi Chamber of Commerce in Modou.

The reason for being so proactive is to highlight their central coordinating role in this event.

In the final analysis, it is all about gaining some say.

"There will be a third quarter funding meeting from 9:00 to 10:30 a.m. on Thursday. The Finance Department invites you to host it. After p.m., you need to take a bus to Jinling to attend the wrap-up ceremony of the movie "Fleeting Time" and attend the dinner for the entire filming crew."

“I may not be able to make it to the Thursday morning meeting on time.”

Luo Yang's focus was not on the fund coordination meeting: "Has the filming of Fleet of Time been completed?"

"Mr. Tan from Guobao Films called me last Friday and arranged a time for you."

Wen Wan nodded and said, "Mr. Tan said on the phone that most of the filming of this movie was actually completed last Friday. There are only some finishing touches left, which can be completed by Wednesday at the latest, so he has made an appointment with you on Thursday afternoon and evening."

"Ah."

Luo Yang nodded and said, "Contact Mr. He Maosong later and ask him if he has time to go to Jinling together to attend the wrap-up ceremony of this movie."

Considering the later release of the film, we need to borrow the relationship with Hengdian Film and Television Group and invite He Maosong over to talk to him about this matter.

Wen Wan immediately took note of it.

"There is nothing important scheduled for the first half of Friday. You can take some time to check out the progress of the renovation of Hongqiao Villa."

"Just keep an eye on the villa."

Luo Yang waved his hand and said, "I have other plans on Friday."

He planned to check out the progress of the renovation of the business club. The last time he went there was two weeks ago. Judging from the progress, it should be finished.

Shen Jinglan promised Luo Yang that the club could start trial operation by the end of July at the latest.

Wenwan’s report is due by the first half of Friday.

She closed her notebook, looked at Luo Yang and said, "Boss, this weekend."

Halfway through his words, the cell phone on the tea table rang.

Luo Yang took a look and immediately answered the call.

"Mr. Luo, Toutiao is planning to raise funds. If you have time this weekend, why not come to the capital?"

Zhang Yiming's voice came from the other end of the phone.

"Sure, I'll fly over on Friday and might arrive in the capital a little later."

Luo Yang replied in a lighthearted voice: "You can treat me to dinner then!"

"Okay, I'll treat you."

Zhang Yiming smiled and said on the other end of the phone: "Eating hot pot on a hot day must be delicious."

(End of this chapter)