Chapter 134 How to play
Bai Xiaosheng is about to finalize the B round of financing. In addition to ease the company''s financial constraints, it can develop faster. The extra one is naturally the profit of Kestrel Capital this time.
And, the increase in shorting chips across the mountain peak.
In addition to being surprised by the style of well-known investors, Liu Wanying also felt that this time the information exceeded her knowledge framework.
It was the evening after seeing Yu Xing that she carefully checked the relevant information before giving him her understanding.
“OTCBB is an electronic quotation system provided by the U.S. Financial Industry Regulatory Bureau, providing quotation services for companies that are not listed on major exchanges but want to gain some visibility in the U.S. stock market.”
"It is not a formal exchange or market, it provides electronic quotation services that display information such as real-time quotations, transaction prices and transaction volumes of listed securities in the over-the-counter trading market."
"It can still be simply understood as a secondary market, a bit like a pink list market."
Yu Xing heard the information introduced on the phone and finally heard a familiar word, repeating it: "Pink List Market?"
Liu Wanying confirmed: "Yes, this is part of the US over-the-counter trading, because it used pink paper to print stock quotes in the early days. That is, you understand that their requirements are more relaxed, whether in the pink order market or OTCBB."
"The two companies mentioned by Mr. Xiong cannot meet the listing conditions of the three major exchanges. For example, Journey to the World, what I can find now is that it only went to OTCBB by buying a shell in 2006. At that time, it spent $435,000 to acquire a company called Tamof Henderson in the United States."
Yu Xing finally remembered that this fan list market is the fan list stock that Li Zi received a 50% commission in "Wolf Street"?
"Mr. Xiong is knowledgeable and has too many resources and information in contact with people he has too many resources and information." Liu Wanying was still talking about his thoughts, "The two companies he mentioned this time are likely to have problems. What''s more interesting is that he means that someone specializes in helping the company fake it, and then ''black and eat black'', which is very fun."
Yu Xing said "um" and asked understandingly: "Can you eat black and eat black and eat black and eat black and eat black and eat black and eat black and eat black and eat black and eat black and eat black and eat black and eat black and eat black and eat black and eat black and eat black and eat black and eat black and eat black and eat black and white?"
"I don''t know, I have a lot of knowledge, so I have to study it carefully." Liu Wanying said this and said, "But we have an advantage, destruction is always easier than construction!"
There are many things to consider when making fraud, but it is much easier to expose the scam.
Yu Xing politely encouraged: "Come on!"
Liu Wanying sighed: "I really need to work hard. I feel that the workload suddenly has risen. Kestrel''s funds are coming out. Jiahan Forestry''s investigation has not yet officially started, so there are two more suspected targets."
"Then can I have such an idea now..." Yu Xing paused and smiled, "We are going to get rich!"
Liu Wanying thought for a few seconds and said, "At least, you can probably change to a new electric car."
Bai Xiaosheng raised all his own money before, so he naturally would not spend it in this regard. The next money needs to be increased advertising and push up the user scale, and he would not spend such money.
Therefore, the money you earn from crossing the mountain peak is considered to be the funds you can control yourself.
…
Today Capital, IDG and Qiming, the financing of the three institutions is subject to further detailed consultations.
Yu Xing had previously been very resistant to venture capital''s intervention in operation, but this time he accepted part of the consultation mechanism, such as regularly providing financial reports and business data to institutions, which is naturally mainly to supervise the use of funds.
14 million USD 10 million is kept for Bai Xiaosheng''s company operation. The amount of money is not much or less. Moreover, Bai Xiaosheng was founded for a short time, so it is a conventional setting.
In addition, rights such as priority liquidation rights, anti-dilution clauses, priority refusal rights, and joint sale rights are also included in the contract.
Today''s capital was nominally given to a company consultant, Liu Jiankai, the vice president of their company.
When Yu Xing met the vice president in the office, he accompanied the other party to visit the doctoral degree certificate on the wall and asked with a smile: "Mr. Xu doesn''t think I''m annoyed, right?"
Liu Jiankai was amazed at the doctoral degree certificate and replied, "Mr. Xu is very busy. If you strongly ask her to be your company''s consultant, that''s fine, but I probably have to work."
He sat down and smiled and said, "Mr. Yu, don''t worry, I''m here to help you coordinate resources. If you have any needs, you can tell me or my assistant."
Yu Xing nodded to the assistant next to him with a smile, knowing that this is probably the real work.
"Oh yes, Mr. Yu, I had already found a friend of my friend''s friend yesterday. He is from Oriental Satellite TV. I feel that the sponsorship you mentioned is pretty good." Liu Jiankai corrected it, "Oh no, the format of the program you mentioned is pretty good."
Yu Xing didn''t expect that this aspect would be progressing so quickly, and asked with concern: "How much does it cost to sponsor a program like this?"
"It should be possible to get the exclusive title in less than 5 million." Liu Jiankai thought for a while and said, "But the significance of such a program to Bai Xiaosheng is to not only create the company''s reputation, but also to the business."
"If you want to benefit specific business, the company must start the recruitment business first."
"The fastest program planning, schedule and production is probably until the end of the year."
He asked again: "Mr. Yu, I think the TV station is a bit optimistic. Do you mind using the conflicts on the website to attract attention?"
Yu Xing changed his mind and said in surprise: "Can you invite Tang Jun?"
Liu Jiankai was also shocked: "Can you still invite Tang Jun?"
Yu Xing was confused: "No, who asked whom?"
"I didn''t expect your idea to be so wild... Tang Jun couldn''t invite it." Liu Jiankai suddenly stopped and silently thought about the feasibility of such a thing. Tang Jun is the kind of person who likes the spotlight. Now that he is taken to a subsidiary, he must be able to cleanse it and want to clean it...
If the program team invites Tang Jun first, and then does not inform Tang Jun that Yu Xing will be on the same stage...
Even if Tang Jun doesn’t participate in the second episode, it’s easy to get started with the topic at the beginning of the show, right?
Liu Jiankai is actually not familiar with the process of the program production, but it is a bit judging whether his friends are willing to attract attention for the program.
He looked at the young founder behind the desk. Is he really a genius?
"If you can''t invite it, you can''t invite it... Then what did you mean before?" Yu Xing wondered the way the vice president looked at him.
"It''s Ctrip and Internet marriage and love companies. You represent Bai Xiaosheng. There is such a topic. Hey, they can get on, why can''t Tang Jun invite him?" Liu Jiankai couldn''t help but rewind the topic.
Yu Xing looked at the excitement on the vice president''s face and felt pity: "Don''t you go, do you have to squeeze out all his value? Isn''t it a bit too cruel?"
Liu Jiankai glanced at Yu Xing, saying that this cat cried rats and pretended to be compassionate.
He asked directly: "Who did Tang Jun fall to this day?"
Yu Xing replied without hesitation: "Of course it''s all because of himself."
"Okay, if he agrees to the invitation from the show, it''s because of himself!" Liu Jiankai put this logic in it, "If he still doesn''t repent on the show, it''s because he insists on contributing his final value!"
Yu Xing said nothing, suspecting that when President Xu delivered the book, he might have written the same words on everyone''s title page... "I''ll help me ask about this matter. Since you don''t object to this topic, that''s fine." Liu Jiankai made a decision in his mind, thinking that such a thing was a big deal. "Anyway, you have a idea in your mind that the company must have such an expense, about 5 million."
Yu Xing nodded: "This is really a sponsorship and a show."
"If you can become popular, you won''t be able to dig out the money you invested. It depends on whether the subsequent money can be discounted." Liu Jiankai smiled, "But now, I, an outsider, think that Bai Xiaosheng''s mixing in will make the show look good? Mr. Yu, be careful to be besieged in public."
Yu Xing flickered his thoughts and resisted the suggestions he wanted to make. Can he invite the two fake companies that Mr. Xiong said...
Forget it, that''s too bad!
I can work hard to promote the company, but I can''t be that bad!
Yu Xing took a sip of tea and said slowly: "Mr. Liu, it will be a lot of news about Bai Xiaosheng''s mechanism. I think the mechanism of this program is also good. Such an opportunity should also make the companies invested by capital today show their faces, like Tudou.com."
Real kung fu is actually good, but time is too late.
Tudou.com, invested by Mr. Xu, did not handle the founder''s husband-wife relationship well, and other companies don''t know if there are any other problems.
Anyway, the show is big stage, if you have the courage, come.
Liu Jiankai smiled and nodded: "Yes, Mr. Yu, your idea is very good, so let''s see what''s going on later. Oh, don''t say it. It''s interesting to think about this kind of program."
Yu Xing said seriously: "Who said no?"
Bai Xiaosheng needs to discover and exploit problems.
…
On the last day of March, Bai Xiaosheng officially completed the B round of financing, which was quite fast.
This news has not been circulated too widely, but everyone who should know it knows.
As a competitor, Lin Tinghan, the founder of Workshop Network, immediately fell into an extremely embarrassing situation. He just invested the money he sold himself to a new project and attracted some friends to invest.
There are ten million!
This number happens to be the same as the money Bai Xiaosheng got.
However, Bai Xiaosheng got the unit in US dollars...
How can I fight this?
Beginally lagging behind the opponent, but now even the money raised is so much worse, and such a fast B round situation can only prove a more terrifying fact.
Bai Xiaosheng''s development speed must be beyond imagination!
Lin Tinghan had no choice but to call Shen Nanpeng of the Angel Wheel to ask for countermeasures.
"Well, I know this, it''s true. This time it was led by Capital Today, and IDG and Qiming followed it with it." Shen Nanpeng confirmed the information, "I called Xu Xin and Bai Xiaosheng''s development is indeed good."
Lin Tinghan asked in a heavy mood: "Mr. Shen, what should I do?"
Shen Nanpeng continued to say to himself: "It seems that Sequoia made a failed investment this time, which is not necessary. Workplace socialization is one of many social scenarios, and the user''s trust is very important. Bai Xiaosheng has actually established a brand initially."
The more Lin Tinghan heard, the more he became, the more he was wrong: "Wait, wait, Mr. Chen, what is ''failed investment''? We haven''t failed yet!"
"Mr. Lin, I have to tell the truth. In my opinion, it is nothing more than admitting failure at the moment or admitting failure after a while." Chen Nanpeng said calmly, "Acknowledging failure is not a shameful thing, it is just a start over. Mr. Lin, you don''t have to get stuck in the slightest."
Lin Tinghan said nothing for a long time and asked after a while: "Mr. Chen, how many users can Bai Xiaosheng have now? Why did he get the B round of money so quickly?"
"I didn''t ask for the specific numbers, but this kind of rapid advancement." Chen Nanpeng thought for a while and gave his own judgment, "Bai Xiaosheng''s users have probably exceeded 200,000, or even bolder, it may be close to 300,000. Otherwise, I think it will be difficult to invest in the B round like this."
He is an investor and can easily be used into the perspective of judgment.
Lin Tinghan sighed. If this is the case, it will be really difficult to chase.
But, is it just like this that the admission failed?
It seems that as soon as some water splashes were made, they sank into the bottom of the water.
He thought about it and had to admit that Mr. Chen''s statement was correct, either now or not far away.
The call has not hung up, even though there was a silence inside.
Lin Tinghan gave a sad attitude: "Okay, Mr. Chen, then my money will not move. Sorry, alas, I didn''t expect Bai Xiaosheng to be so fast."
"It''s okay, Mr. Lin." Chen Nanpeng said after a simple comfort, "However, Mr. Lin, Sequoia signed the priority liquidation right, and the money in the company''s account belongs to the company, not to the individual."
Lin Tinghan, who was sad, suddenly felt the blood and blood rushing towards his forehead, and his voice was a little broken: "Mr. Chen, what do you mean!"
He and his friends'' money just arrived in the company''s account and had not started to move.
"Mr. Lin, Sequoia signed priority liquidation rights with the workplace online, which we have confirmed." Chen Nanpeng said patiently, "If you invest your money in the company and get the equity, that is the money belonging to the company. Since the company does not do it in the future, the company''s money must be taken out to liquidate."
Lin Tinghan was speechless.
Chen Nanpeng continued: "Mr. Lin, Sequoia signed the most relaxed non-participating priority liquidation rights. This is the contract terms and the company seal is also stamped."
Non-participated priority liquidation rights, that is, "pure priority liquidation rights", when preferred shareholders first recover the investment amount in the agreed proportion when liquidating the company, and then distribute the remaining assets to all shareholders according to the equity ratio.
For example, Sequoia invested 3 million yuan, and the company had 10 million yuan in its account. Sequoia had to take away 3 million yuan first, and then share the remaining 7 million yuan with everyone.
"You, you...Mr. Chen, you can''t do this!" Lin Tinghan felt sad again.
Chen Nanpeng sighed and said, "Mr. Lin, the company has company rules and regulations, and I don''t come whatever I want."
Lin Tinghan was stunned for a while and said in anger: "If you do this, if you do this..."
He shouted, "I want hundreds of Xiaosheng to expose you!"
Chen Nanpeng: “…”
(This chapter ends)