My Age of Investment

"Vision Capital is deliberately against Oracle? Which company is Vision Capital? I have never heard of it."

As soon as the news about Vision Capital's investment in Manhour came out, a reporter immediately approached Larry Ellison and asked him his opinion on the matter.

Because Larry Ellison once uttered harsh words to the outside world, whoever invests in Man-hour Company is an enemy of Oracle.

But when the reporter asked, Larry Ellison naturally denied it, and deliberately pretended to be ignorant.

When the reporter reminded a few words, Larry Ellison looked like he just remembered: "Oh, that lucky Chinese kid! The Chinese founder of Facebook who came to the United States and made Americans $4 billion people?

Revenge on Vision Capital? No no no.

I can only say that that kid's luck has come to an end, and all the money he finally earned is destined to go to waste.

Worktime has not launched any products and is valued at US$150 million. It can only be said that he does not know how to invest and spends money indiscriminately.

He invested in Tesla?

Feel sorry! I don't think that toy car is worth a hundred thousand dollars. "

...

In Vision Capital's office, Xia Jingxing smiled and browsed the news on the computer, which was full of Larry Ellison's pretentious remarks.

Ricky, who was sitting opposite Xia Jingxing, reminded: "Daren, Larry Ellison is a small-minded person, so be careful when he trips us up.

You refuted his face this time and made him lose face, you must be hated by him. "

Xia Jingxing shifted his gaze from the computer to Ricky. He didn't feel any pressure at all, and said with a relaxed expression, "Although Oracle is big, it can't block the sky with one hand. Besides, we are an investment company. What can Oracle do? Don't sell servers to Vision Capital for investment." company?"

Ricky smiled, "It's better to be careful after all."

Xia Jingxing nodded. Larry Ellison would be offended if he really offended him. There is no such thing as offending others in business. He didn't take it too seriously.

"Oh, by the way, Darren, can a company like Lilith be valued at $5 million?"

Ricky remembered another company that Xia Jingxing asked him to connect with,

Internet celebrity brokerage company Lilith.

A few days ago, he went to do due diligence, and he was still crammed into the office of Stanford's startup incubator, with no products, no technology, no patents...

Nothing, can this be worth $5 million?

Xia Jingxing looked at Ricky who was puzzled, and explained with a smile: "Their most valuable asset is the model. They are the first online celebrity brokerage company on the Youtube platform, and they have signed a strategic cooperation agreement with Youtube..."

Xia Jingxing briefly explained Lilith's development model and the future room for improvement.

Ricky pursed his lips and sighed: "I still reserve my opinion, their so-called "Internet celebrity incubation" is destined to be difficult to replicate.

If it cannot be replicated, then there is no way to scale it up, let alone go public and exit.

But you are the boss, Lilith you also have 51% of the shares, you have the final say. "

Xia Jingxing didn't explain much, and said with a smile: "Okay, since I have the final say, let's send them 1 million US dollars as soon as possible."

"Okay, I'll arrange it."

After speaking, Ricky got up and left quickly.

Xia Jingxing sat on a chair by himself, staring at the ceiling in a daze.

Investing in Lilith, he is not playing tickets, but playing a game of chess, but many people including Ricky don't understand that's all.

It's normal to have insufficient cognition and not see the high ground of value.

After careful calculation, Gao Lili and Shen Xinyi calculated the amount of funds to support the company's development to the A-round scale, one million US dollars.

The valuation of five million US dollars is a random estimate.

In fact, Lilith doesn't have any assets, and it's not easy to value, so she can only value the idea at five million.

Even with a post-investment valuation of 5 million, Lilith needs to dilute 20% of its equity in this round of financing.

Generally speaking, the pre-A round of financing diluted equity is in single digits, because it is only transitional.

But there is no way, the angel round of financing has already been closed, and Xia Jingxing personally invested 100,000 US dollars, so this round can only be called the Pre-A round.

Before this round of financing, he negotiated with two girls and decided to collect 20% of the equity together as an option pool to reward employees and tie up Internet celebrities.

Therefore, after the completion of this round of financing, his personal shareholding ratio with Vision Capital will change from 41% to 52.8%, of which he personally holds 32.8% and Rainwater Fund 20%.

The shareholding of the two girls dropped from 19.5% to 15.6%; the option pool was diluted to 16%.

After a while, Gao Lili called.

"Thank you Boss Xia, one million has been received."

Xia Jingxing let out a "hmm", and then urged: "Now that the money is in place, there is no need to dawdle any longer, hurry up and expand it for me.

After half a year, I have to look at the performance, and if I don't meet the standard, I will change people. "

"Don't worry, if the performance is not up to the standard, you don't need to push people out, I will go by myself."

Xia Jingxing smiled, "Okay, you said it yourself, so that's it."

…………

…………

It has been several days since Xia Jingxing and Yang Niu moved into the newly purchased villa.

On this day, the two of them decided to invite Xiaogou, Andrew, Qiu Zhiyi, Zhang Chenguang and other friends to their home.

Hearing someone ring the doorbell at the gate of the yard, Xia Jing walked over and opened the iron gate.

As soon as the door was opened, the little dog presented a tightly wrapped gift box with both hands, and said with a smile: "Boss, congratulations on moving to your new home!"

Xia Jingxing took the gift box and was about to open it when the puppy held his hand.

The little dog glanced at the foreign girl who came over at some time, and said solemnly: "Boss, according to oriental etiquette, gifts should not be opened in person!"

Xia Jingxing didn't notice that the foreign girl was standing behind him, and cursed, "Why bother with those red tapes? Xiaogou, you didn't do this before.

Is there a new arrival? "

Xia Jingxing winked at the little dog, "Then I have to see it! Is there a plot? The ones you gave me last time just got down to business, there was no foreshadowing, and they were not reserved at all."

After finishing speaking, Xia Jingxing broke free from the puppy's hand and continued to unwrap the gift box.

"Ahem!"

The foreign girl wore an apron and came out from behind Xia Jingxing.

"Xiaogou, come here as soon as you come, and bring any presents, take them back quickly."

Xia Jingxing threw the gift box back to the puppy, turned his head and smiled and said to the foreign girl, "Tell me about this puppy, he brings presents every time he comes, I don't want it, he has to give it to me."

The little dog looked at Xia Jingxing, opened his mouth wide, and got to know the boss again, you are the one who wants new products, and now I am the one who is responsible.

The puppy desperately waved at the foreign girl, expressing his innocence.

The foreign girl crossed her arms and looked down at the puppy, which was a head shorter than her own, and said, "It seems that you have a lot of energy all day, puppy, and I will send you to India on a business trip next week."

The little dog shook his head desperately, and it’s fine to go to another place for business. He really didn’t dare to go to India. Some time ago, an employee on a business trip to India ate badly and lost half his life.

Word has spread throughout the company.

Not many employees in the company are willing to go to that damn place.

"That's the arrangement, you guys talk, I'm going to cook."

After finishing speaking, the foreign girl ignored the puppy's aggrieved eyes, turned around and entered the room.

"Boss, you have to blow the wind around my pillow."

The foreign girl left, and Xiaogou changed the object of help to Xia Jingxing.

Xia Jingxing ignored the pup's pleas, grabbed the gift box, turned around and ran into the house.

The little dog hurriedly followed, shouting while chasing: "Boss, if you don't help, I will be out of stock."

Hearing this sentence, Xia Jingxing stopped in his tracks, turned his head to look at Xiaogou, and said with a smile, "It's useless if the stock is out of stock. I'll go back to China tomorrow. There are a lot of Japanese goods there."