I'm almost a Muggle

During the last time he raised funds, Pei Qianlong promised that he would withdraw from the project by mid-next year.

David thought the other party was fooling him.

After all, there is no agreement on paper.

Unexpectedly, the exact time is given now, which is the D round, next March and April.

"What if there is still funds needed during this period?" David suddenly thought of this. Although he had just raised one billion yuan, the project cost too quickly.

"We don't mind raising more financing once or twice. Of course, you can also conduct C+ round financing." Pei Qianlong hates this person's ignorance.

David had the greatest ambitions in the three bicycle-sharing entrepreneurs he had come into contact with.

Although his FOR has developed the best, in the long run, this person is not good at uniting all the forces that can be united. He is too independent and willful, and he will inevitably suffer in this in the future.

The world of capital is bloody.

There is no situation where your cake is not distributed to others.

Especially the money for buying cakes, and other people's share.

Of course, from David's standpoint, his game with capital is not unreasonable.

If he is slaughtered, his FOR will sooner or later become someone else's FOR.

But you're just starting out, and you haven't crushed all your competitors yet.

What's more, this industry is full of crises and there is no specific profit point yet.

David revealed a message just now, that is, he took financing too seriously.

He is obviously a master who doesn’t like being suppressed, but he is addicted to developing through financing.

It's July now, and it's only half a year before March next year. One billion is not enough for you to burn. Do you regard burning money as development?

Didn't you expect to stop and suck your heart?

Solve the problems that users have reported in the development process that need to be solved urgently?

If one's own skills do not improve, one only relies on the capital market to pass on his skills.

This FOR is really over sooner or later.

Although shared bicycles are developing very fast now, there are actually many problems.

For example, when you get off work in the evening, you may find that there are no cars at the company's door, and there are a lot of parks at the entrance of the community. When you go to work in the morning, there are no cars at the entrance of the community again.

To solve this problem, the operating expenses are astronomical.

There is also the greed in your management team. Even people outside have heard that it is normal for grassroots people to earn tens of thousands a month, and it is a little higher than hundreds of thousands. It is simply a feast for capital gains.

You can get the wool from funds, and the capital is mentally prepared, but you are not what you get.

David had no management experience at all, and he was obviously not a person who was good at delegating power.

In addition, although shared bicycles have only been developing for a few months, many cars have become scrap iron after experiencing sun and rain, and violent treatment from users.

FOR's bicycles are the worst because they are of the worst quality.

Pei Qianlong has seen the future of shared bicycles from FOR. He deeply agrees with Mr. Lin's view that this industry cannot last for a long time, and it is the best situation to withdraw after making a profit.

He has even begun to become unconfident.

Can FOR last until March and April next year?

If you don't wait for March and April next year, Klester can get out now.

For FOR's project, Klester invested a total of 265 million yuan in the name of Dalong Technology. According to the C round valuation, if it is sold now, it can be sold for 1.2 billion yuan.

If this project is withdrawn now, it will make a billion.

If FOR fails to hold on, it will collapse in March and April next year, then these 200 million yuan will be wasted.

Money back?

It doesn't exist!

If FOR goes bankrupt, their assets cannot be refunded even the user's deposit, and the supplier's payment cannot be paid off, let alone the final investment return.

If the quality of FOR's car is too poor, then the quality of the car I worship is too good.

It's too good.

The lifespan of a car is designed according to 5 years, and the FOR may only last for 3 months, so so far, there are few bicycles that can be seen in the scrap iron piles made by shared bicycles.

However, the quality is good, the cost will naturally be high.

Others can build a car for 800 yuan, but she costs 3,000 yuan.

The market is not as big as FOR, but she is not slow at all, even more so.

This time, Hu Wei asked for financing of 1.5 billion yuan.

It has a bigger appetite than FOR.

The main reason is that she spends money quickly.

In addition, the backward market share made Hu Wei a little anxious. On the one hand, she needed funds to build cars, and on the other hand, she also wanted to lay the market.

Worship is currently the first in the industry to have a market share.

The growth rate is very fast. When the growth rate is fast, everyone will be optimistic about the future of this project.

Don't worry about no one buying it.

Because of its better quality and more comfortable riding, Yubai Bicycle has a reputation that is significantly better than FOR. Everyone also thinks that Hu Wei is doing a long-term business and will definitely have the strength to surpass FOR in the future.

The last time, it was Panda Capital and several companies of Yueyue Capital entered the market.

This time, in addition to Panda Capital, it also added a large number of big shots in the capital circle such as Sequoia Capital and Hillhouse Capital.

It's like a group of wolves surround a piece of meat.

Pei Qianlong represents Winter Capital this time and is also the second largest shareholder of this project.

His request is very simple. Winter Capital maintains a 25% share, and everything else can be given away.

Hu Wei, the founder, is even more generous than Pei Qianlong. She originally held a 32% share, but now she is willing to release 12%, which means that she has changed from the largest shareholder to the second largest shareholder, which is even lower than Winter Capital.

And the sacrifices she made were exchanged for the high valuation of worship.

The valuation before financing was pushed to 3.5 billion - higher than FOR. Once the target of financing of 1.5 billion is completed, Yubai Bicycle will become 5 billion.

So, is it difficult to complete this valuation?

In just two days, the person in charge of Panda Capital, who was responsible for launching this financing, was almost blown up by the mobile phone.

Sequoia, Warburg Pincus, Hillhouse, Yue Capital, Innovation Works, Bertelsmann, and even Tuanmei and Penguin. These are capitals that are allowed to enter the market, and there are many others that are blocked from the outside.

In contrast, David of FOR only introduced one younger brother to travel in the C round.

Because he was afraid and did not want to be swallowed by capital, he chose a younger brother who could help his FOR travel.

The valuation was also timid. In the end, FOR's valuation was one billion lower than Yu Sheng.

It's just a week and a half.

The valuation before financing is 3.5 billion, and the original 30% of Winter Capital is worth 1.085 billion. To ensure 25% under the premise of valuation of 5 billion, the difference of 200 million must be made up.

Hu Wei has a lot of diluted shares.

She directly withdrew 85 million.

A project that has not arrived in a year has already brought her real wealth of 85 million. This is not counted as a 20% share under the valuation of 5 billion, but that is worth one billion.