Winning the new financial era

Chapter 123 $4 million is not low
Bimo soon reached a round A financing agreement with Happy Capital. Happy Capital invested $1 million in Bimo with a post-investment valuation of US$3000 million, accounting for 30% of the shares.

At the same time, a harsh gambling agreement must be signed to guarantee the interests of Happy Capital.

"ByMobike will guarantee no less than 200 million registered users in the next year, or enter the next round of financing within one year, and the valuation will not be less than 3 million U.S. dollars..."

Fu Weiwei frowned when she saw the column of the VAM agreement. The number of registered users increased by 20 times, and the valuation increased by 3 times within a year.

Too harsh!

But Fu Weiwei thought, after successfully financing 3000 million US dollars, is she afraid that she will not be able to complete this performance?
Huimin Bicycle invested 5000 million US dollars to build 10 bicycles. According to this ratio, Baimo can build 6 bicycles.

Including the 1 bicycles already owned, there are a total of 7 bicycles.In one year, 200 million registered users and a valuation of 3 million US dollars were completed.It shouldn't be a big problem.

She went on to read:

"If the VAM goal is not reached, the management will transfer 30% of the shares to the investor as compensation for free;
To achieve the goal of gambling, the investor transfers 10% of the shares to the management for free as an incentive..."

"Mr. Liu, this bet is a little unfair! If you lose, you will be compensated with 30% of the shares, and if you win, you will get 10% of the shares."

Fu Weiwei raised her head, looked at Liu Dahai playfully, and said.

"Hehe! It's not fair! If the goal is not achieved, you lose the bet, and I hold the 30% of the shares that you transferred, which is worthless at all.

At that point, Baimo is basically useless.Maybe selling some scrap bikes can recover some losses.But what is that worth?Blood loss is undoubtedly.

If you achieve your goal, transferring 10% of the shares to you is the limit. It is impossible to let the management work for nothing, right? "

Liu Dahai spread his hands, saying that he was completely following the rules.Investing in Baimo now, with such a large amount, is taking a huge risk.

Fu Weiwei was a little helpless, now it was a buyer's market, and Baimo, the seller, was completely passive.

But thinking of getting 3000 million US dollars immediately, Baimo's development will rise to a big level, Fu Weiwei is very excited, and after discussing with Li Bing, she still agrees to the gambling conditions offered by Liu Dahai.

In this way, after initial signing of the contract, due diligence, and payment, Baimo Bicycle quickly completed the A round of financing of 3000 million US dollars in only one week.

……

"Bymo completed the A-round financing of 3000 million U.S. dollars, with a valuation of over [-] million yuan, becoming the second company in the shared bicycle industry to complete independent financing."

Zhang Yida frowned as he watched the news.As expected, Baimo became a formidable rival of Huimin Bicycle.

"Mr. Hou, do you have any details about Baimo?" Zhang Yida looked at Hou Jiaji, the director of business intelligence standing in front of him, and asked with a smile.

"Didn't Baimo just completed the A-round financing of US$3000 million? Our department has investigated and the data is true, but it is said that there is a VAM agreement.

The details of the agreement are unclear.

In addition, after Baimo completed financing, it invested 6000 million yuan to the foundry, preparing to produce 6 bicycles.

Of the 6 bicycles, 3 flowed into Shanghai, and the other 3 were distributed to Beijing, Pengcheng, and Yangcheng. "

This is to put Huimin's bicycle on the bar!Huimin Bike operates in four first-tier cities, and Bimo will follow suit in four cities.Zhang Yida thought.

"Thanks for your hard work, this information is very useful. Continue to keep an eye on the competing products, and notify me in time of any major developments. Bimo's information is listed as the highest priority, and other competing products can be ranked lower."

Zhang Yida began to order Hou Jiaji.At the beginning, Hou Jiaji was recruited into the company to keep an eye on the financing situation of various competing products, car manufacturing plans, and target areas for launch...

Know yourself and the enemy, a hundred battles will never end.

In the shared bicycle industry, Huimin has a clear lead, but Zhang Yida still dare not take it lightly.

……

"Mr. Shen, how is Huimin's A+ round financing going?" Zhang Yida called Shen Beipeng.

"It's settled, call them to your company in a while, and you are ready to prepare." Shen Beipeng said.

"It's so efficient! Okay, I'll wait for you at Huimin Bicycle Company."

Zhang Yida was very happy. A few days ago, he asked Shen Beipeng to help Huimin Bike find investors for the next round. The news came so soon.

In Huimin Bicycle Conference Room, Zhang Yida received several investors brought by Shen Beipeng.

"This is Zhu Xiaohu from Jinshahe Venture Capital, Mr. Zhu." Shen Beipeng introduced Zhang Yida.

Zhang Yida followed his gestures and looked over. A middle-aged man in formal attire with a cropped head smiled and nodded to Zhang Yida as a greeting.

"This is Zhang Ying from Jingwei Global, Mr. Zhang."

Shen Beipeng continued to introduce that Zhang Yida followed his gaze and saw that he was also a middle-aged male investor in formal attire with the air of a successful man, and he was nodding his head and greeting him with a smile.

Zhang Yida also nodded to him, which was regarded as a response.

These two investors are also well-known investors in the industry, tycoons of venture capital. Zhang Yida has heard their names in his previous life and has some impressions.

Sure enough, Shen Beipeng had a lot of face and invited both of them here.Zhang Yida thought to himself.

"Yida, tell me about the current operating data of Huimin Bicycle!" Shen Beipeng spoke first.

"Okay, let me give you a basic introduction. Huimin Bike was officially launched in late September and has been in operation for more than 9 months.

At present, it has a total of 12 shared bicycles, distributed in the four first-tier cities of Beijing, Shanghai, Pengyang, and Yangzhou, with 332 million registered users and 108 million daily active users.

There are 260 million deposit users, and 7.774 million deposits are collected..."

After Zhang Yida's introduction, everyone has an intuitive understanding of Huimin Bicycle's operating data.

"Mr. Zhang, the operating data of Huimin Bike is improving very fast! I have seen Huimin Bike's A-round financing BP, and the number of registered users was only 20 three months ago, right?"

Zhu Xiaohu from Jinshahe Venture Capital said with a smile.

"Yes, it has only been in operation for a few days during the A round of financing, and the number of bicycles is only 2, and all of them are put in the capital.

A round of financing of 5000 million US dollars, we have added 10 bicycles, the scale of operation has expanded many times, and the tentacles have also extended to the other three first-tier cities.

The current achievement is not only due to the concerted efforts of the team, but also inseparable from the boost of capital power. "

Zhang Yida thought that Zhu Xiaohu didn't believe the operating data, so he explained.

As a result, Zhu Xiaohu said: "It is reasonable for Huimin Bicycle to have the current results. Mr. Zhang, you are a master of operations, and Ruixiang's success is the best proof."

"Can you talk about the future development vision and commercial realization of Huimin Bicycle?" Zhang Ying from Jingwei Global interjected.

"The development vision is definitely to expand the business territory to the whole country, so that the small green cars can be found all over the streets and alleys of the country. If there is an opportunity, the international market will also be expanded.

In order to achieve this goal, we have set a three-step strategy of front, middle and back.

The strategy in the early stage is to use a three-month round of financing to boost Huimin Bicycle through the power of capital, and occupy the national market with the fastest speed and the most ferocious attitude...

The medium-term strategy is to defeat all competitors, occupy the national market, and after becoming the industry leader, start commercial realization in an all-round way...

The later stage strategy is to enter the international market after consolidating and digesting the domestic market...

Commercial realization will start next month, and we will launch a deposit wealth management product...

In addition to the realization of online financial traffic and offline body advertisements, this is how I plan..."

Zhang Yida talked eloquently, revealing Huimin Bicycle's strategic planning and business realization plan.There is no question of confidentiality in this matter. It is the kingly way to settle the investors first.

After Huimin Bike starts commercial monetization, all means will be exposed.Competitors who want to copy will naturally follow suit.

In addition, Huimin Bicycle wants to beat them by the pace of financing, and there are already signs of this. For example, Fu Weiwei has seen it, so it is sparing no effort in financing and fighting hard.

After Huimin raises another round or two of capital, everyone in the industry can see this conspiracy.

There is no way to figure it out, one round of financing in three months, and the valuation has doubled or tripled. This is only the leader of the entire track.

No other company can do this.After the crushing trend of Huimin bicycles is formed, the end of other competing products will come.

Zhu Xiaohu and Zhang Ying listened with great interest and kept nodding in agreement.

Zhang Yida deserves to be an entrepreneur who founded a company valued at over US$[-] billion. He has outstanding business ability and many considerations are particularly far-reaching.

In the future, as long as Huimin Bicycle does not commit suicide, it will continue to maintain this state, not to mention monopolizing the industry, and it will definitely be able to occupy the leading position in the market.

The two investors thought to themselves.

"Valuation?"

Zhu Xiaohu asked, he has basically confirmed his investment intention, of course, there is a premise, as long as the valuation is not too outrageous.

"Valuation of 5 million US dollars, financing of 5000 million US dollars."

After Zhang Yida set his own price, he drank his tea calmly and secretly observed the reactions of the two investors.

"Beipeng, the post-investment valuation of Huimin Bicycle's A round of financing three months ago was 2.5 million US dollars, right?"

Zhang Ying turned his gaze to Shen Beipeng and asked.

"Yes, that's right. Huimin is worth the price."

Shen Beipeng is also an old fox, and when it comes to Huimin's valuation, he must be on Zhang Yida's side!So spare no effort to praise Huimin.

"In three months, the valuation has doubled."

Zhu Xiaohu muttered to himself, not sure if he thought it was too fast or too slow.

"Is the US$5 million pre-money valuation or post-money valuation?" Zhang Ying asked Zhang Yida.

"Before casting." Zhang Yida looked at Zhang Ying and smiled slightly.

"To be honest, it's a bit high. The company has only been established for three months, and this is a valuation of US$5 million."

Zhu Xiaohu started to criticize, saying that Huimin Bicycle was founded too late and its foundation was unstable.

Zhang Ying couldn't help but nodded in support of Zhu Xiaohu, and said:

“We can give Huimin Bike a pre-investment valuation of US$3.5 million, and after investing US$5000 million, the post-investment valuation will reach US$4 million.

4 million US dollars is not low, and many mature listed companies do not have this market value. "

Anyway, there is only one meaning in the words, tell Zhang Yida, the little brother is content!Less than half a year after its establishment, the company has a valuation of 4 million US dollars, so you can't go too far.

(End of this chapter)