Winning the new financial era

Chapter 107 Ruixiang Industry Win-Win Fund
As Huimin Bicycles enters the four first-tier cities, the concept of shared bicycles is becoming more and more popular.

Various capitals came to the door one after another to express their willingness to invest, but Zhang Yida politely declined.

Although he declined all kinds of capital, Zhang Yida did not want to push them to competitors, saying that the next round of financing will start at the end of December, and investors from all walks of life are welcome to participate again at that time.

Shared bicycles are a new track. If any organization does not invest in Huimin bicycles, it will definitely settle for the next best thing and invest in other shared bicycles.

This situation cannot be changed. In the future, Huimin Bicycle can only face competitors with venture capital support.

For now, there are more than a dozen bicycle companies across the country.

Zhang Yida looked at the information sent by the business intelligence department, "Xiaoming Bicycle", "Little Blue Bicycle", "Baimo Bicycle"...

All kinds of ghosts and monsters have appeared, and the Mobike deserves attention, and the others are cannon fodder.

As for the big winner in the future, Hellobike hasn't appeared yet, and Leech Financial hasn't buffed him yet.

The time window is very short, and it is estimated that large-scale shared bicycle brands will be launched in November and December.However, Huimin Bicycle also has advantages at present. It is the largest in scale and is the leading player in the market.

Looking at the operating data, as of October 10th, Huimin Bike currently operates a total of 25 bicycles, covering the four cities of Beijing, Shanghai, Yangcheng, and Pengcheng. The number of registered users exceeds 12 million, and the number of daily active users exceeds 100. .

The market saturation is far from enough. A later survey report said that the capital city needs 43 bikes, which corresponds to 50 shared bike for almost 1 people in the city.

At present, Huimin bicycles only have 3 bicycles in Beijing, which is only a fraction, and not a single bicycle has been launched in the second and third tier cities.

It's useless to be impatient, it takes time to develop.Zhang Yida leaned on the sofa and let out a long breath.

During this period of time, the work pressure was too great. The 5 speeches given by Patenet and the inspection of the shared bicycle operation centers in various places made me feel a little haggard.

However, all the efforts are worthwhile. The transaction flow of Patenet this month has exceeded 8000 million, and it is time to consider the A round of financing.

The operation sub-centers of Huimin Bike are also under construction in an orderly manner, and everything is developing in a good direction.

……

Fu Weiwei is also very mentally exhausted. The development of smart car locks is not easy, and the team has been solving this problem.

Someone suggested:
"Why don't we find a smart hardware equipment supplier to buy a set?"

Fu Weiwei is also very tempted, but buying a set of solutions will cost at least a few million, and the total funds for Mobike are only 1000 million, which is all spent here, and there is no money to build a car...

In desperation, Fu Weiwei could only call Li Bing for help.

"In this way, I will invest another 1000 million in you. It can be regarded as the Pre-A round of financing! Walk on two legs, we will continue to develop the device lock, and we will also engage in external hardware purchase solutions.

We can't procrastinate any longer. If we procrastinate any longer, we will run out of time. "

Li Bing said on the phone that although he was busy with the establishment of Weilan Automobile.But he has also been paying attention to the shared bicycle industry.

At present, many shared bicycle companies have been established in the market, and they all want to enter this industry.Baimo Bike must speed up its progress under such circumstances, and there is no hope of delaying it any longer.

"How much do you need to dilute the shares?" Fu Weiwei was very happy when she heard that Li Bing was willing to invest another 1000 million, and she was also very concerned about the proportion of shares held.

"Let me think about it..." Li Bing began to think about it. It turned out that Fu Weiwei held 60% of the shares of Baimo Bicycle, and he held 40% of the shares.

This share ratio may seem unfair, but it is actually very meaningful.

From a rational point of view, Fu Weiwei and her team are the actual controllers of the company, and Li Bing is the angel investor.

If the proportion of angel investors is higher than that of the founding team, then the project will be scrapped.It is possible that subsequent venture capital will give up investment due to the actual controller issue.

"Let's do this! Include me in the founding team. I will reinvest another 1000 million, and the shareholding will increase to 49%. You will get 51%, and the controlling stake will remain the same.

If the later development is good, your founding team will buy back 20% of my shares. "

Li Bing quickly came up with a way to include himself in the founding team and not to be regarded as an angel investor.In the later period, some shares will be sold to recover the investment funds, and the income will be guaranteed in drought and flood, which will not affect the refinancing of Baimo Bicycle.

"Yes! No problem. It's just that you contributed 2000 million yuan and only accounted for 49% of the shares. I feel a little sorry.

Why don't you take control!It's okay for me to take less shares. "

Fu Weiwei was born as a media reporter, and her eloquence is still very good, so she kept giving way on the phone.

Li Bing interrupted:
"Don't let it go, let it go. It's arranged like this, you will control it. You will still be at the helm of Baimo Bicycle in the future, so you must control it.

I put all my energy into Weilan, and I don't have any more energy to manage Baimo bicycles. "

Fu Weiwei saw that Li Bing's tone on the phone was very resolute and did not seem to be fake, so she agreed.

After receiving the 1000 million allocated by Li Bingxin, Baimo Bike found an old-fashioned smart hardware manufacturer to carry out cooperative research and development on shared bike smart locks.

With the help of external new forces, the R&D progress of Baimo bicycle has been improved at once. It is expected that the bicycle prototype will be completed in a short time and delivered to the foundry for mass production.

Bike companies like Xiaoming and Xiaolan are much more ruthless. Smart car locks are too high-end. Just make mechanical locks and bluetooth locks.

The mechanical lock is the kind of fof in the previous life. The user scans the QR code, obtains the password through the mobile phone software, and manually turns the dial to unlock it.

There is no technical point, the traditional combination lock, and it is a dial type. After using it, people need to manually disturb the combination dial, otherwise it can be considered to be open all the time.

The Bluetooth lock connects to the user's mobile phone through Bluetooth, and realizes data transmission and positioning with the help of the network and GPS of the user's mobile phone.

Ordinary Bluetooth lock, the unlock rate is not too high.But it is a very cheap solution. The most important thing about Bluetooth is power consumption and compatibility. For shared cars, compatibility is actually the most important.

Shared bicycles must be compatible with thousands of mobile phones, and poor compatibility is a big problem.

But for a few shared bicycle companies that want to go public immediately, they can't take care of so much, and the truth is to seize the market first.

As long as there is a market, financing will come in, and the shortcomings of research and development will be filled slowly.

……

The second phase of Huayi Capital's fundraising of 1 million U.S. dollars was finally raised. Lei Dongming was so happy that he hurriedly called Zhang Yida to discuss the matter of the industry fund.

"Ruixiang invested US$1 million, Yimin US$5000 million, Huayi Capital US$1 million, Blackshirt Capital and Zhenke Fund jointly contributed another US$5000 million.

The industrial merger and acquisition fund with a total amount of 3 million US dollars has been formed! "

Lei Dongming wrung his fingers and began to count for Zhang Yida.

"Well, yes. This fund mainly focuses on Ruixiang and Yimin to make upstream and downstream investments in the industry!"

Zhang Yida looked at Lei Dongming with a smile and said.

"It doesn't matter! As long as you can make money, you can vote for anyone!"

Lei Dongming thought very openly, and it was a good move to cooperate with Ruixiang and Yimin in investment.

Zhang Yida is very good at running a business, and also has a keen eye for investment.Hug his thigh, that's right.

After the two parties' funds were in place, Zhang Yida called Shen Beipeng and Xu Xiaoming to come out for tea.

In a high-end club, Zhang Yida and Lei Dongming met the two.

After taking a sip of tea, Shen Beipeng stared at Zhang Yida and said, "Is Ruixiang interested in launching an industrial fund?"

Zhang Yida nodded and said, "It's time to start. My positioning for Ruixiang Future is platform and ecology.

The B side is a treasure, which needs us to discover slowly.

Take mung bean credit as an example. I position it as commercial credit, not purely financial credit.

With the introduction of the concept of shared bicycles, the sharing economy will usher in a round of explosion in the future.

Shared cars, shared electric vehicles, shared charging treasures... and so on will all appear.

But this kind of sharing economy has a pain point, that is, a deposit is required for leasing.

The emergence of mung bean credit is to eliminate this distrust and eliminate the deposit.

Therefore, a steady stream of enterprises are needed to cooperate with Mung Bean Credit.

And Ruixiang also wants to attract such a group of small partners to surround it by investing in new economic companies. "

Shen Beipeng took a deep look at Zhang Yida, young and ambitious!

But this is a good thing for Blackshirt Capital.The brighter the future prospects of Rui Xiang, the more successful the investment of Hei Shirt and the higher the return.

"Sure, 5000 million US dollars, right! Blackshirt Capital can pay all of it." Shen Beipeng waved his hand, ready to agree to Zhang Yida's request.

"This can't be done! Old Shen, save some shares for me!" Xu Xiaoming was unhappy, and before I could say anything, the shares were allotted.

Shen Beipeng smiled and glanced at Xu Xiaoming, and said:

"Then share your 1000 million shares!"

Xu Xiaoming wanted to ask for more, but considering that the scale of Zhenke Fund was still too small, he couldn't afford too many shares.He just nodded in approval.

The four parties drafted the contract and initiated the establishment of the Ruixiang Industry Win-Win Fund.

The total size of the fund is 3 million U.S. dollars, and Ruixiang invested 1 million yuan, occupying a dominant position, and the naming right was also handed over to Ruixiang.

基金期限5+2年，5年锁定期，2年退出期。最长可以至2021年才考虑对投资项目进行变现退出。

Several directions have been preliminarily selected for investment, with high-tech, consumer services as the mainstay, and education, medical care, and industrial technology as supplementary.

The investment intention has been reached, but there is still a lot of preparatory work to be done.

The first is team building. Several LPs have to send some professional investment talents to the Ruixiang Industry Win-Win Fund. Although Ruixiang occupies a dominant position, several other institutions also have the right to supervise the fund.It belongs to the multi-party management mode.

Zhang Yida has no objection to this. There is a shortage of talents, and the more the better.

In addition, the establishment of the fund requires a high-profile inaugural meeting.If you want to be famous, you will get twice the result with half the effort for follow-up investment.

Zhang Yida had no reason to object to this.In this way, the establishment of the fund has basically reached a consensus among all parties.

(End of this chapter)