My Age of Investment

After Li Xiang, Wang Wei, Xie Zhenyu, Yang Haoyong, and Zhang Tao returned to the company, they spent three days in restlessness and apprehension, and finally waited for Xia Jingxing's call!

cast!

A concise word, to their ears, is no less than the sounds of nature.

A person who was dying of thirst finally waited for a drop of water.

Without hesitation, the five people rushed to the Jinmao Tower again and signed the deed of sale.

Xia Jingxing was only responsible for controlling the general direction, and did not end up negotiating prices.

The development of Vision Capital is now gradually on the right track, and he does not need to manage everything in detail. He has safely handed over a lot of execution work to Fu Jixun, Rao Lei and others.

For general venture capital institutions, before deciding on a certain investment, it is normal for the final decision-maker to meet with the founder and have a chat.

On the one hand, the final decision-maker has the meaning of investigation, and on the other hand, it also shows that it attaches importance to it.

At least in terms of form, it will give the founder a feeling of being respected and courteous.

In terms of net worth and the amount of funds under his control, Xia Jingxing easily crushed the veterans of domestic venture capital institutions.

He didn't have a good impression of these old seniors, and even ignored the unspoken rules of the industry and didn't engage in series cooperation.

But when it comes to getting along with the founders, he still abides by the industry norms. He doesn't say he ignores these people, and even has a good relationship with them.

Even so, when it comes to valuation, it is merciless, after all, business is business, and every yard is worth every yard.

And it wasn't him who ended up in person, it was Fu Jixun who held the knife for him.

In the conference room on the 49th floor of the Jinmao Tower, Fu Jixun discussed valuation with the five founders one by one.

"Tudou.com's round of financing was valued at US$75 million. Now that half a year has passed, I think the pre-money valuation of US$120 million is almost the same..."

Wang Wei frowned. Some venture capital institutions had quoted $150 million for Tudou before.

But now the situation is different, except for Vision Capital,

He has no other choice.

"Vote 30 million dollars!"

Fu Jixun looked at Wang Wei who was hesitant, and threw out the heavy weight again.

Wang Wei's eyes lit up when he heard the words, this is a big deal, it directly broke the financing record of online video in China.

Compared with survival and making the website bigger, diluting some equity is not a difficult choice.

"Okay, I'll sign!"

Therefore, Envision Capital and Tudou signed a B-round investment agreement.

The original 33.33% stake jointly held by Lichun and Jingzhe was diluted by 20% to 26.67%. Coupled with the 20% of the new investment of 30 million US dollars, the shareholding of Tudou reached 46.67%.

Concocted in accordance with the law, Fu Jixun signed agreements with the other four in turn.

Ganji.com raised USD 5 million in Series A financing, and Vision Capital’s shareholding increased to 49.38%.

Autohome's Pre-A round of financing is 3 million US dollars, and Vision Capital's shareholding has increased to 51%.

Kugou Music’s A+ round of financing is 10 million US dollars, and Vision Capital’s shareholding has increased to 43.75%.

Dianping raised USD 5 million in Series A+ financing, and Vision Capital’s shareholding increased to 43.75%.

Among them, Dianping, the previous debt of 500,000 US dollars was directly converted into equity investment, and an additional investment of 4.5 million US dollars was paid.

Among the five companies, Vision Capital invested 53 million US dollars, overshadowing the financing thunder of the five companies in the First Day Alliance.

…………

…………

In a clubhouse in Shanghai, Xia Jingxing hung up the phone, looked at Jiang Nanchun who was sitting across from him, smiled and said, "Mr. Jiang, it's fine, at least an advertising contract of 25 million US dollars."

Hearing this, Jiang Nanchun laughed from ear to ear.

Youku and 58.com together cost 20 million US dollars in advertising contracts, and Xia Jingxing sent another 25 million US dollars in cooperation orders.

$45 million, nearly one-half of their total revenue last year.

I believe that when this cooperation agreement is announced, Focus's stock price will inevitably usher in a year of rising.

"Mr. Xia, thank you for taking care of our Focus Media."

Jiang Nanchun said with a smile, his eyes narrowed.

He said this with two meanings, one is to thank Xia Jingxing for their cooperation order, and the other is to thank Xia Jingxing for calling him a few days ago to remind him not to sign an exclusive advertising cooperation agreement.

A few days ago, companies such as Youku and 58.com threatened to take a huge advertising order from Focus Media for one year, and wanted Focus Media to accept only one company's advertisements for each industry segment.

the reason is simple.

Focus Media covers commercial office buildings and high-end communities in first- and second-tier cities, and its advertising audiences are white-collar workers and urban residents.

These people are also the main Internet users of this era.

At the same time, Focus Media has merged with Juzhong Media. In China, there is only such a building advertising giant.

Xiong Xiaoge and the others have a very vicious vision, and their idea is to hire Focus Media for a year, so that Tudou and Ganji have no place to place advertisements if they have money.

What kind of bus, highway signs, TV advertisements, where there are building advertisements, the effect is accurate.

These days, there are no smartphones, no people who bow their heads, and when I get into the elevator, I have to show me advertisements, and the efficiency of communication is very good.

Xiong Xiaoge and others have made good calculations. After a year, the industry rankings of 58.com, Youku.com and other websites may be reversed with those of Ganji and Tudou.

At that time, it doesn't matter if the exclusivity period is over, anyway, they have achieved their goal.

Such a good plan was doomed to fail, because Tong Shijie had already secretly passed the information to Xia Jingxing.

So Xia Jingxing gave Jiang Nanchun some advice.

Jiang Nanchun is also a sensible person, and he can see the posture of the two capitals at a glance. This is going to be a bloodbath to the end!

Therefore, he insisted not to sign an exclusive agreement with Youku and 58 Tongcheng, and he was very confident in whether he liked to vote or not, because Focus has almost monopolized the entire building advertising market.

No matter how unwilling the League of Junior One is, it can only sign an advertising cooperation agreement with Focus first. The idea is to rush ahead for a while, and if Xia Jingxing wants to follow, he will definitely be slower.

Xia Jingxing smiled, "You don't need to thank me, as a shareholder of Focus, it is my duty to seek the maximum benefit for the company."

These words are open!

Jiang Nanchun nodded secretly.

Xia Jingxing picked up the red wine glass on the table, "Come on, Mr. Jiang, let me toast you and wish us a happy cooperation."

Jiang Nanchun smiled and picked up his wine glass.

With a sound of "bang~", the two wine glasses collided together, drawing a successful conclusion to this cooperation.

…………

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"How much equity do we hold in Focus now?"

Sitting on the large sofa in the meeting room, Xia Jingxing looked at the huge LCD screen hanging on the wall. Inside, there were two portraits sitting upright. One was Abel in Hong Kong and the other was Abel in San Francisco. .

Network video conferencing software is nothing new.

Bell Labs invented the world's first analog videophone in 1964. After 2000, thanks to the development of the Internet, video conferencing has gradually entered the high-definition era.

"Lixia Fund bought 2 million ADSs when Focus Media was first listed, and the holding cost per share was US$17."

[Receive cash red envelopes] Read the book and get cash! Follow the WeChat public account [Book Friends Base Camp] Cash/coins are waiting for you!

After Liu Hai briefly reported, Abel continued to report.

"When Frame Media was acquired, 902,300 additional ADSs were issued to us. If the VAM is successfully completed, another 1,433,200 ADSs will be issued to us in October.

Our holding cost was a bit higher, when the stock price was $24.56/ADS. "

Xia Jingxing nodded, "Okay, in two days Focus Media will announce major good news, and the stock price will definitely usher in a big rise.

After eating this wave of dividends, you can arrange to reduce your holdings. "

Liu Hai smiled and said, "Is this considered inside information?"

Abel is also smiling in the video.

"No!"

Xia Jingxing paused, and said seriously, "This is called a related party transaction."

The two in the video burst into laughter.

After discussing some details of shareholding reduction, the three ended the meeting.