My Age of Investment

Eberhard and Tarpenning looked at each other, and the latter reminded: "Daren, according to the B-round financing agreement, equity value capital has the priority to lead the investment in Tesla's next round of financing."

Xia Jingxing waved his hand, "I haven't forgotten this, Waterfall Investment and Bezos Venture Capital don't need to lead the investment right, as long as they can follow the investment."

Eberhard frowned, "You personally hold 33.33% of Tesla's shares, and Vision Capital holds 15.88% of Tesla's shares.

Taken together, they hold a total of 49.21% of Tesla's shares.

If you and Vision Capital also want to follow up with the investment, plus the investment share from Waterfall Investment and Bezos Venture Capital.

The part of the investment that belongs to equity value capital may not be called a lead investor, but a follower investor. "

Xia Jingxing understood Eberhard's meaning, and the co-author thought that he owns too much shares in Tesla.

He said lightly: "Remember we signed an agreement, in the next few years, I need to invest 84 million US dollars in Tesla.

Including the part of Vision Capital, the investment commitment of US$16.3 million has only been fulfilled. "

Eberhard remained silent. The reason why he asked Xia Jingxing to promise to invest 84 million US dollars in Tesla in the next few years was because Tesla's future was uncertain and he had to find a big thick leg to hug him.

However, with Tesla's debut at the auto show and after the Internet became popular, the financing environment Tesla faces is completely different from that of more than a year ago.

In the past, Tesla begged parents to sue grandma, but they could not find an institution willing to invest.

Now, a large number of investment institutions have offered an olive branch to Tesla, expressing their interest in learning about the electric vehicle industry and Tesla's business model.

It cannot be said that he is inflated or not grateful, but from a practical point of view, he must defend his right to speak in Tesla.

Eberhard began to think carefully. He was thinking about what kind of means should be used to make Xia Jingxing give up continuing to increase his shareholding in Tesla, and at the same time, not cause conflicts between the two parties because of this matter.

The fact that Tesla became popular on the Internet allowed him to see Xia Jingxing's influence and connections in the technology circle, and at the same time, he also saw that Xia Jingxing could still exert important influence on Facebook.

From the perspective of the company's development, he naturally hopes that Xia Jingxing can be of one mind with them,

Support their work, and at the same time hope that Xia Jingxing will continue to advise and contribute to Tesla.

From a personal point of view, he really doesn't want to see Xia Jingxing continue to increase his shareholding and voice in Tesla.

After thinking about it for a moment, Eberhard said in a negotiating tone: "Daren, can you see if this is possible? Tesla's C round of financing is led by Value Equity Capital, Vision Capital, Waterfall Investment, Bezos Venture Capital Follow up.

As for SDL and Compass, because they gave up the activation of anti-dilution clauses during the B round of financing.

Right now, while both of them are desperate to participate in Tesla's Series C round, we've decided to exclude them.

Part of the extra investment share will be used to take care of Vision Capital, and part will be used to make friends with Bill Gates and Bezos, two wealthy technology circles. "

"You want me to personally give up following the vote?"

Xia Jingxing's tone was flat, without any emotion.

Eberhard smiled, "Maybe this is a bit unfair to you personally.

But we take a long-term view and introduce more diversified shareholders and stronger allies, which will help Tesla's future development.

You have also seen the situation in the past two days. The traditional auto industry does not welcome us as intruders, and is using various means to trip us up.

If there is no group of rich people and entrepreneurs in the technology circle to help us cheer, then we are really weak, and we don't even have an ally who is willing to speak out. "

Xia Jingxing felt that Eberhard's reason was really strong.

Everyone has selfish intentions, especially now that Tesla has made a breakthrough, and after the pressure of survival is resolved, it begins to consider cutting power.

Xia Jingxing looked into Eberhard's eyes, and said loudly, "What if I insist on following along personally?"

Eberhard grinned, "Then follow along, and I'm just making a suggestion.

On the side of value equity capital, you still need to communicate. "

Xia Jingxing nodded lightly. Through the brief conversation just now, he also tested Eberhard's bottom line.

The reason why the two sides did not turn their faces is also because of the strength he showed, which made the other party fearful.

At the same time, Tesla has not yet matured in the true sense, but has only taken a small step forward.

Eberhard, as the true founder of Tesla, was unwilling to be a marionette.

This kind of unwillingness, he has seen in Jack Ma.

It is precisely because of this that Envision Capital invested in Ali.

As for whether Eberhard will deal with himself in the future like Jack Ma dealt with venture capital, it is hard to say, but it is worthy of vigilance.

Xia Jingxing was silent, and so was Eberhard.

Seeing this, Tarpenning broke the silence and said: "Defontje also intends to invest in Tesla, and they contacted me and Eberhard."

"Defonger?"

Xia Jingxing frowned first, and then relaxed his brows.

He said, how could Draper speak for Tesla so kindly.

It turned out to be Tesla's idea.

That all makes sense.

"What do you think about it?" Xia Jingxing asked after glancing at the two of them.

Eberhard resumed his smile, "Defondje is one of the most well-known venture capital firms in Silicon Valley.

Their investment in Tesla is good for our brand endorsement.

What I mean is to let them follow up with some of the votes and make an extra powerful ally. "

"I have no problem, just reduce the investment share of Waterfall Investment and Bezos Venture Capital, and give some of it to DFJ."

Xia Jingxing didn't have a good impression of Draper, but from a rational point of view, Tesla accepted DFJ's investment at this time and opened the door to investment institutions on Sand Hill Road, which has many benefits.

Therefore, he also offered to allocate part of the share of investment to Bezos Venture Capital and Waterfall to DFJ.

Of course, there is his little thought here, the more dispersed Tesla's equity, the better, so that it is not easy to twist into a rope to cause damage.

His current holdings in Tesla have reached a critical point, which is very close to the 51% holding line.

Eberhard and Tarpenning were very vigilant about this.

He guessed that when Eberhard first tested him, if he gave in, the other party might make an inch of it.

And he behaved like a hedgehog, so that Eberhard didn't dare to mess around.

Now the two founders came to test again. He deliberately let go of his breath and left some hope for the two.

In fact, he has never given up on the 51% holding line.

It's just that you can't act casually, you have to figure it out slowly.

"That's great!"

Eberhard smiled, "Mr. Draper was worried that you, Darren, were prejudiced against him.

I told Mr. Draper not to worry.

Because I know, Darren, you are a person who understands righteousness and great wisdom..."

Perhaps it was a little worried that what he said just now might offend Xia Jingxing, and wanted to repair the relationship;

Or maybe he wanted to numb Xia Jingxing, so Eberhard began to flatter Xia Jingxing.

Xia Jingxing smiled and said nothing, he had a steelyard in his heart.

The three of them discussed, and after confirming the list of investors and the investment shares of each investor, they began to send notification letters to shareholders such as SDL, Compass, and Value Equity Capital.

In fact, these three companies are all small shareholders with very few voting rights. As long as Xia Jingxing, the major shareholder, nods, any decisions made by Tesla can be freely passed by the board of directors.

Of course, the form still has to go.

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