I'm almost a Muggle

Then there was the shared bicycle project. Before Pei Qianlong could come to him, one of the three shared bicycles came to him.

No money anymore.

Shared bikes don't seem to cost much money.

Actually, there are more places to spend money.

Smart locks need to be developed, and it is not just about switching. You must integrate chips, GPS modules and communication modules, and also realize electronic billing and payment.

I invited several doctoral students in robotics, spent a lot of manpower and material resources, and developed it for several generations before and finally decided to launch it.

The bicycle itself must also be of excellent quality, otherwise it will not be able to meet the use of multiple frequency and high intensity.

Shared bicycles must be more technically superior to ordinary bicycles in hardware configuration.

Generally, a few points that bicycles are particularly prone to breaking are that the tires need to be inflated, the chains are dropped, and it is easy to rust, which requires a lot of energy to maintain.

In order to solve these problems, Hu Wei invested in making bicycles by herself.

This money was spent like flowing water, and she became the first among the three families to lose money, so nine months later, she contacted Pei Qianlong again.

Li Yan also went to the appointment with Hu Wei.

That is, the seed round invested 1.45 million and the angel round added 10 million, which currently accounts for 15.2% of the person.

Now that he wants to conduct a round A financing, he will naturally be present.

"This is a relevant parameter for shared bicycles..." Hu Wei put out the things one by one.

"I've ridden it." Pei Qianlong didn't look at the parameters.

When the Job Bicycle was launched in the capital, he immediately went to test the ride.

In fact, he has visited all three shared bicycles he invested in. Generally speaking, for the for, that is, the small yellow bike market is the best, that is, the small red bike bicycle itself has the best quality. As for the other bicycle, it is between the two, which is quite normal.

At present, there are about twelve or three shared bicycle brands on the market, and these three are the best ones.

It’s not that Pei Qianlong has such a good vision, but he immediately chose the three companies with the greatest potential.

But because he chose these three companies, and only after spending tens of millions of dollars can these three companies develop the best.

If he chooses the other three companies, then the top three will likely have to be replaced. Only by having money can you do things these days, but you can't do it without money.

"This is our market development plan, this is..." Lin Lin took out a bunch of materials, and financing was such a serious matter, especially when Hu Wei wanted to continue to increase the valuation.

Pei Qianlong checked it carefully.

Asked: "How much is the financing this time and how many shares are released?"

The release here is the release of the same proportion, and everyone takes out their own shares according to the proportion.

If you don't want to be released, that's easy.

Just keep getting money in accordance with the financing rules.

Valuation is something that is difficult to calculate.

If you briefly describe it, you can take a spicy hot pot shop as an example.

The valuation of the Malatang store depends on: 1. The abortion of people passing by my store every day; 2. How much time does my Malatang taste better than other people's houses; 3. How long does it take for passers-by to know that my Malatang is delicious; 4. The percentage of people who can accept the spicy hot pot (some people are born not like spicy food); 5. Among the potential consumers who know that my Malatang is delicious and just passing by, they can eat Malatang, the proportion of people who actually buy my Malatang.

Well, these are all methods of using data to illustrate.

Simply put, it is how much money the project owner wants and how much share it is willing to give out.

Those who are interested come, those who are not interested will leave.

"This time, it plans to raise 100 million yuan to release 30% of the share. What do you think?" There is no need to hide the valuation. The higher the valuation, the more the three companies here make.

"The valuation is almost 300 million, I think it's OK." Pei Qianlong nodded.

If 30% is deducted, then the sum of everyone will only be 70%.

Pei Qianlong originally had 35%, multiplied by 70%, which means he was diluted to 24.5%.

Li Yan, who originally accounted for 15.2%, was diluted to 10.64%.

Although the share has decreased, the valuation has increased from 100 million to 300 million. Then, Klester's current share of 24.5% has appreciated to 73.5 million.

From 35 million to 73.5 million, doubled, this is the charm of capital games.

According to the current valuation, Hu Wei's share has become 100 million.

In nine months, I became a billionaire, what other bicycle do I need?

Hu Wei was very satisfied.

She tried hard to calm herself down, but she could never do it. Her mind was blank, her heart was beating violently, and she even suspected that it might jump out of her throat.

"Does Klester have a more suitable capital friend? Let's bring it in and do it together?" Li Yan raised his glass and he became much more calm.

He doesn't take this little money seriously.

Unless you can make hundreds of millions, it will be a small fuss.

"Our share remains unchanged, and we invest 10.5% of the funds, which is about 31.5 million, right? Do you have any ideas for the rest?" Pei Qianlong did not answer this question, but put forward his own request.

10.5% is not too much, but Hu Wei and Li Yan actually don’t want to accept it.

Because of this pool, you have to introduce more water sources before it can become active.

Otherwise, the three of them will play by themselves, so who will the valuation be given to?

However, Pei Qianlong only wanted to keep his share unchanged, and there was no need to add it if the lion opened his mouth, so this matter was barely kept within their tolerance.

Li Yan shook his head, he stopped increasing.

10.46% is enough for him for the time being. He never puts eggs in a basket, so there is no need to compete with Pei Qianlong on this project.

Therefore, Cheby's A-round financing eliminated Klester's 31.5 million yuan and continued to recruit 68.5 million yuan.

Yubai Bicycle is the second-ranked brand in the industry. After public recruitment, Panda Capital, Yue Capital and other capitals immediately came to divide them up.

Yubai conducted a round of financing.

Ofo will naturally not be idle either. They spend a lot of money on the market, and they spend almost the same amount of money.

So Pei Qianlong had just finished his worship, and was invited to for.

Here are the existing partners discussing valuations together. David, the founder of FPR, believes that what he does is better than worship.

Therefore, his valuation is 350 million.

Pei Qianlong had no objection to this at all, and he didn't care how much he valued it.

Of course, David could not have gone too far. He also came to such a conclusion after scientific argumentation, market investigation, and even consulted some investment institutions.

Otherwise, if you value it, no one recognizes it, it will be useless.

In Xiaohuangche, Klester's Dalong Technology invested 50 million yuan, accounting for 45% of the share, so Pei Qianlong proposed to make up for the funds and continue to maintain a 45% share.

He was doing this when worshiping him.

Unexpectedly, he was opposed by David.

"If 30% is diluted and you make up for 45%, then I will only have 45.5%. If this round is done, who is this company?"

Pei Qianlong was speechless.

Why is there such a big gap between entrepreneurs and entrepreneurs?

Don’t say that I haven’t surpassed you in Round A, do you know, I’m 35% there, and Hu Wei is only 34.86% left, 0.14% less than me. Why didn’t they ask such a question?

In fact, David has the confidence to raise objections.

First of all, Klester has indeed occupied a bit too much. He gave 45% of the money for the sake of funds, which is very rare in angel round investment.

Secondly, he had contacted several capital companies before, and the other party showed intentions.

If possible, he even wanted to kick out the giant crocodile, Klester.

Although it is not bad, his losses will be very exaggerated.

You dare to play angel wheel investors. Whoever dares to cooperate with you in the future will be rejected by capital in his entire life.

"Let's do this. No matter how you raise funds in the future, I promise that our Dalong Technology's share will not exceed yours. This is OK, right?" Pei Qianlong didn't mind reducing it a little.

45% is really too much.

He can accept it as long as it is not less than 30%.

But David's attitude was really unpleasant, so he didn't spoil the child either.

Our family doesn't care about the power of your family at all.

"Mr. Pei, you also know that if a company wants to develop, it must introduce more capital, which is of far-reaching significance to the entire industry. If you make up for 45%, you have to give 13% to you. In that case, only 17% of the funds can be raised, which will not make any waves in the capital circle." David still couldn't accept the fact that Dalong Technology was only 0.5% away from him.

At that time, any capital that Dalong Technology can join forces with will make him withdraw in disgrace.

"Mr. Dai, we are capital, not enterprises, and we have no intention of deepening the sharing economy, so you don't need to worry that we will pose a threat to you. Instead, we can treat us as your most solid backing and we will help you defend the rear." Pei Qianlong did not give in.

The two of them had arguing for a while.

Pei Qianlong was a little impatient. He had a lot of things to do. In the afternoon, he even asked someone from Mouhu to discuss investment.

"If we make up for the share, we need to take out 45.5 million. Let's do it. We'll pay 50 million. You can do the extra money," he paused and said slowly: "Actually, I think your project's valuation is a bit low. How can it be 3.5 billion? At least one billion or eight billion..."

David was stunned for a moment at first, even wondering if he was really missing.

But he was not really stupid either. He quickly understood the sinister intentions of the man in front of him, and almost broke into a cold sweat.

Your uncle, you are too vicious.

No, it's vicious!

Can this be thought of by people?

Yes, Pei Qianlong is threatening him.

Aren’t you valued at 350 million? My major shareholder insists that you have less estimates.

There are many names in it.

First of all, if it really costs one billion, no one will even take a look at this project.

After all, capital is not a tiny-headed child.

They know better than anyone else how much it is.

Secondly, Pei Qianlong can bite to death and say that David lowered his valuation for commercial fraud, lowered the project, and then joined forces with other capital to embezzle the interests that should belong to him.

If the valuation is 350 million yuan, the 13% diluted Dalong Technology will be worth 45.5 million yuan.

If the valuation is 1 billion, the 13% diluted by Dalong Technology will be worth 130 million.

Let's go to a lawsuit, you have occupied 84.5 million yuan of my assets.

As for the final result of the lawsuit, it is not important. What is important is that this lawsuit can drag the for, which is still in its infancy, to death.

Of course, looking at the entire investment circle, no capital can play like this.

No normal humans do this.

After playing for it to death, David lost only one project, and another project could make a comeback, but Dalong Technology lost the real 50 million Angel Wheel.

David looked at Pei Qianlong who was drinking tea slowly and knew that he had met a tough character.

He stuffed his arrogance back and said with difficulty: "Since Mr. Pei is so optimistic about this project, I won't stop it. Just follow what you said, 50 million will make up for the share. You cannot exceed my share in the future financing."

"Mr. Dai, we have a happy cooperation. I am really optimistic about the for project. You can let go of your hands and work hard. If you are short of money, we will refinance."

Pei Qianlong ignored the rest.

No matter who comes in, it has nothing to do with him. Anyway, they won't run away the one they deserve.

Nowadays, as long as he doesn't want to, no one can pick up even a coin from him.

After finishing the investment, Pei Qianlong went to find Lin Dong.

When he went there, Du Qixi had just finished talking about "Heard Youth" and the contract had been signed. Pei Qianlong could sense Mr. Lin's joy when he looked at Mr. Lin's expression.

He couldn't think of anything good about such a movie that focuses on music.

It would be good if you don’t lose money, but you still expect it to make money?

It’s just that he is not responsible for film and television investment at present, so he ignores any related issues.

"What does it mean?" Pei Qianlong talked about the situation of shared bicycles, but Lin Dong didn't understand why the invested money suddenly increased value.

"We spent a total of 100 million yuan on the two rounds of financing and investment in For. Their valuation of the A round was 350 million, which means that our 100 million yuan investment has become 157.5 million yuan, and we made 57.5 million yuan."

"What about the other two?" I felt so panicked, what should I do?

"Hi, the development is a bit slow. The A round may be in March and April. If you want to pay homage, we have invested a total of 66.5 million in two rounds. At present, based on the valuation of 300 million, we have made 38.5 million."

Then, Pei Qianlong joked again and said that he had taught David a lesson, but it was originally his vicious trick, but after reposting it, it became a persuasion and education for him to speak righteously, and successfully made the other party admit his mistake in shame.

"Oh." Lin Dong's eyes were a little dull.

Just a few months now?

It's even more ruthless than the bug I settled in advance.

We agreed that we just invest and will take ten or eight years to start making a profit.

Why did you start making money so quickly?

And they make tens of millions of dollars. Since they are not profitable for the time being, how do they get the money?