But there is also a plan is the company buyback, so that directly across all technical issues, as long as the money. However, buy back usually takes place in the formation of large companies, such companies have the strength to buy back, buy back after round a, do you want to finance in the future? Do you still burn money?

As a result, I haven't seen Xu Xin even with his half life investment experience. However, as far as she knows, the Ba people group can just

Xu Xin nodded, Cynthia nodded madly: "Mr. Chu, what's your current valuation of Ba Ren group?"

"27 billion?"

"So low?" Cynthia was very disappointed, "so our investment is only worth 1.8 billion now?" This is also a problem for round a companies, that is, how much is it worth before round B.

"Stop, stop, 1.8 billion is impossible!" Chu Yuan Xi quickly interrupts her lust, "you have to pay me for gambling. More than half of the shares you have on your books will soon be mine. "

There was a burst of laughter, but the atmosphere eased a lot. Some good people laughed and asked, "why is it 27 billion instead of an integer? Is it to be meticulous? "

"No. 1.8 billion after round a financing, which is 15 times as much as 27 billion. I'm not very good at math. The numbers are not neat. I'm having a lot of trouble

Then there was another kind laugh. Chuyuan Xi saw that the atmosphere was finally adjusted back to the normal path, and quickly said, "OK, OK, talk a thousand words, and finally all the problems should go back to the valuation and financing amount.

That's what I think. The whole round a will release 20% of the shares, including pre_ Round a is estimated at the scale of 3 billion yuan. Let's release 150 million yuan for the time being, 5%. We don't do any call auction. It's too troublesome and unnecessary. Then, for subscribers, press pre in round a and possible round a +_ A's share has priority. That is to say, if you take away 150 million shares in this round, you will have 5% of the priority in the whole financing process of round a, and the part beyond the priority will be the same as others. "

After listening patiently, Li Jingfei yelled with a big light on his head: "are you working too hard? If you want me to say what's the strength of pre, won't you just go straight to round a? "

A strange look suddenly appeared on chuyuanxi's face: "what gave you the illusion that the valuation of round a and round a + is still 3 billion? Valuation is always a dynamic thing. 3 billion is just the bottom line of round a. And I don't plan to raise more money in this round. In the end, there must be a call auction process. "

Li Jingfei almost fell a somersault, the heart said you are now talking about the valuation of the head is not good? You're looking at the air! We throw in a bunch of air together, and it's cheap. Hello?

The financing of Xiaokang is really different from that of Ba people. Li Jingfei thought it was really cheap when Ba people did the valuation, because Ba people had been playing a big role in the field of we media at that time, and the data and activity of several big companies were real. Therefore, although many investors think 1.5 billion is too expensive, Li Jingfei thinks that he is knowledgeable and not expensive! It's not only inexpensive, but also cheap, so close your eyes and pat your head.

The final time proved the correctness of this judgment.

But Xiaokang now really has no talent, and has not made any achievements. Even the storefront has just been decorated, and it is still in the stage of ventilation and air drying. In Li Jingfei's eyes, it is not the same as Ba people at that time. Support belongs to friends, support belongs to friends, when shooting money, you can't consider so many things other than trading, you should be responsible for your own money. Some people have told him that you should believe that Chu Yuanxi can make real achievements in the future, so it's time to make money now. However, this is not in line with Li Jingfei's belief in trading when he sees a rabbit.

So he sat back and decided to think about it again, mainly about pre_ A. What's the difference between a and a +? The most important thing in the early stage of investment is to balance risk and return.

There are not a few people with similar ideas. It is not that chuyuanxi is not optimistic, but that it needs to be seriously considered. We should know that in the past two years, we can't make it clear in a cold winter. The thinking mode of "cash is king" is deeply rooted in the hearts of the people. Holding cash can take the initiative, which is much more flexible than throwing chips out early.

But if Fang Shiling is here, he may have different ideas, because this situation seems familiar. In fact, Chu Yuanxi once told her last year that I would open a back door for you. Now you invest in me at a valuation of 1 billion yuan. A few months later, when round a was officially financed, it was easy to make 50%. This is actually pre_ The difference between a and a, according to Chu Yuanxi's words, buy is to earn, belong to a round of two financing difference of 50%.

If Fang Shiling had invested at that time, it would have been pre_ Round a.

However, she has no money.

Chuyuanxi didn't mean to force investors to make a statement on the spot, but after today's meeting, it is sure to enter the formal fund-raising process, which needs to complete a series of financing operations. However, because chuyuanxi called a buy it now price instead of a call auction, it immediately increased yuan Mu's workload, because she wanted to solve the problem of who to release how much.

If it's call auction, because the price is floating, whoever shouts the highest price can buy it, regardless of the quota. But in the buy it now model, if there are many applicants who want to buy more, and if the wolf has more meat and less than 5% is not enough, she will be bald.However, this is exactly what yuan Mu should solve as CFO.

Soon after the meeting, Yuan Jing accompanied the investors to leave, and Yuan Mu led Xu Xin to the small conference room. Xu Xin looked inside and saw that chuyuanxi was sitting in Diaoyutai, washing tea cups with him.

Xu Xin entered the door, sat down in front of Chu Yuanxi and looked around: "you are I ambushed five hundred swordsmen. I'm going to drop the cup if I don't pay for it? "

"Hiss Seems like a good idea, too? " Chuyuan Xi laughed and put the cup in front of Xu Xin. The water was well brewed. "In fact, Yuan Jing suggested that I tell you about the real goal of a well-off society."

"The real goal?" Xu Xingang picked up the tea cup and put it down again. She thought that she was brought here alone to discuss some behind the scenes transactions. After all, she has the biggest coffee position. She knows that if she is taken care of, many people can be taken care of. This kind of thing can be said to be an eternal classic drama in the investment circle. It has existed in the past, has existed now, and will be repeated infinitely in the future.

"Yes, the real goal." After seeing off the distinguished guests, Yuan Jing came in a hurry and sat next to Xu Xin. While yuan Mu sat beside chuyuanxi for company, and the two brothers and sisters sat face to face. They were also in their own positions, which made Xu Xin feel very strange.

Yuan Jing said: "chuyuanxi's primary goal is to compete with blockchain and AI for Baidu's business. Its senior goal is to cannibalize dongali and 724, and then its ultimate goal is to attack penguin with social networking."

"Not mobile payment?"

Yuan Mu nodded: "yes, sister Xu, it's not mobile payment. It can be said that mobile payment will not cause alarm because it is impossible for anyone to do it anyway. "

Xu Xin said quietly: "social communication can also be said openly. Anyway, everyone wants to do it, but no one can do it. It will not arouse vigilance."

"If only Penguin Baba thought the same way." Chuyuan Xi took a sip of tea leisurely. "What I just said is really too tired. I have to hide my real intention and tell the attraction. It can kill many of my brain cells."

"Why? So you think you can make it? " Xu Xin has a little interest, not because of anything else, just for one thing. All the people who socialize are basically propaganda, in order to raise money for themselves and pave the way for their products. They want to make it known all over the world. They have never been hidden like Chu Yuanxi.

Only those who really feel that they will be a threat to his father, that they will be strangled by his father, and that they feel extremely good about themselves will hide their social life.

"Yes, I'll show you this." Chu Yuanxi said and took out a piece of material, "this material is only seen by them and Liu Lu. It's my way to build a social network by making a bicycle in a convenience store. The whole world knows that Xiaokang needs to socialize. Today, plus you, it's five people."

"Then I can't see it. I haven't thought about taking such a big responsibility." Xu Xin took the document but didn't open it. Although this is not necessarily a routine, not necessarily rely on her, although Yuan Jing is trustworthy, and Chu Yuanxi is a big business, but as an experienced and sophisticated person, 50 and know the fate of the people, will not act rashly.

"It's me." Chuyuan didn't expect Xu Xin to be so cautious. He couldn't help looking at Yuan Jing.

As Yuan Jinggang was about to speak, Xu Xin waved his hand: "I'm very interested in socializing. I really want to do it. But Xiao Yuan, you are also an old man in the investment circle. You also know that our patience for social communication has been consumed time and time again. The consumption is too cheap. It's hard to say what we've got to say.

So, Xiao Chu, to tell you the truth, if you're socializing, it's suitable to find people like coal boss to invest in you. Lengtouqing has passion, no burden, ideal and no lack of money. As for me I can't deny others without knowing anything. "

"So what do you mean?"

"I'll test you. Instead of knowing your secrets, your social secrets, I'd like to know if you're a social material. What do you think? "

Xu Xin said, carefully observing the three people's expressions, Yuan Mu is a very guilty look, this is her advantage, honesty; Yuan Jing is consistent, Mao can't see, this is also his advantage, there is a city; and Chu Yuan Xi, Chu Yuan Xi is very relaxed, very crazy, a social expert of Laozi, whatever you like, this Is it an advantage?

thought what she thought and decided to throw the question: "why do you say Alipay is not sociable? Many people have given answers to this question, but I haven't seen one that is too satisfactory. Is it an open question? Who can answer it accurately I told Jack to dig him up, hahaha - "

"