Chapter 712 Domineering President

The entire press conference was quiet, and even the sound of the camera seemed to have disappeared. Everyone looked at Shi Lei blankly. The weight of his words was too heavy.

What is this concept?

Qixuan has been greatly favored by the market, with a valuation of over 10 billion. No one would doubt it. Even those who have no confidence in Qixuan bicycles will not think that Qixuan's future market value will be less than 10 billion. To put it bluntly, based on the supportive attitude revealed by the central government and the green light given by local governments, this project already has the potential to become a tens-billion company.

In fact, the venture capital circle's optimism towards Qixuan has reached an unimaginable level.

A well-known investor said that Qixuan’s Series B round will be over 2 billion, and its Series C round will be over 10 billion. This is not an empty talk. He even said that as long as the time for Qixuan to open Series B and Series C financing is reasonable, he is willing to invest in Qixuan at these two valuations at a guaranteed minimum, and he can lead or follow the investment. accept.

This means that he has set a bottom line for Qixuan's future valuation and development. Such a big shot in the investment world wouldn't be embarrassed by what he said.

But what Shi Lei said today is tantamount to putting a Sword of Damocles in the hearts of investors. Because, if Flash Mob really cannot reach the valuation Shi Lei said, Shi Lei forcefully uses Qixuan's money to acquire Flash Mob. This would be responsible to the investors of Flash Mob, and it would also be equivalent to using the valuation of 3 billion. Worth cashing out his own investment. Isn't this tantamount to cheating Qixuan's investors?

In the silence, Shi Lei added: "I am not speaking out of anger, but I have enough confidence in the future of Flash. What I said just now is not accurate enough. Let me add. In the D round or before, if the valuation of Flash If it does not reach 3 billion, I will use Qixuan to initiate the acquisition of Flash. The purchase price is 3 billion soft sister coins. However, my shares and the shares of Wei Xingyue, another shareholder of the company, will be directly transferred to us. Give up. The valuation of three billion is for the companies that invest in the pop-up. The two of us are equal to exiting the pop-up empty-handed."

As soon as these words came out, the reporters felt a little relaxed. After all, this was equivalent to making a bet with the shares of Shi Lei and Wei Xingyue.

If you win, everyone benefits.

If they lose, only Shi Lei and Wei Xingyue will suffer losses.

Because Shi Lei and Wei Xingyue now hold 85% of the shares in Flash. After five rounds of financing from angel to D round, their shares actually still exceed 50%. Even if in each round of financing, the shareholders who had previously invested continued to invest, the shares held by them would exceed 40%.

This means that with a valuation of 3 billion, the maximum value of the shares held by all shareholders is only 16.7 billion, and the greater possibility is less than 1.5 billion.

And even though most people are not very optimistic about Flash, if Flash can reach the D round, it will not be lower than the valuation of 1.5 billion in any case.

When Shi Lei and Wei Xingyue are willing to give up their shares unconditionally, Qixuan will actually not suffer any loss by acquiring Flash.

Of course, this is just an algorithm on paper. For the specific situation, only when it actually happens can we know the specific price.

But this can be regarded as a big gamble anyway.

Although these reporters specialize in this type of economic reporting, they must have seen some entrepreneurs making arrogant remarks. However, people like Shi Lei have forced themselves into a corner from the beginning, and may even cause investor problems because of these remarks. The level of distrust is unprecedented.

Lu Ximing couldn't sit still anymore. He stood up, took a microphone and said, "Everyone, please be patient. Mr. Shi, our boss, may have some emotions. After all, a person who is not in this industry can't be right." Our project is criticizing and even deliberately attacking, and it is normal for Mr. Shi to have some emotions. Can everyone please stop being so anxious and send out what you just said? Let’s..."

Shi Lei looked back at Lu Ximing, stretched out his hand and patted his shoulder, stopping Lu Ximing from continuing.

Then, Shi Lei said on his own: "What Mr. Lu said, I admit, I do have some emotions. However, my emotions will not affect me in making such a decision. Everything I said just now, everyone can do it now send out."

"Master Shi..." Lu Ximing shouted anxiously in a low voice, trying to stop him.

Shi Lei ignored him, but looked at all the reporters intently.

The reporters were a little hesitant. After all, their impressions of Shi Lei were pretty good.

A reporter said: "Mr. Shi, you must have made this decision on a temporary basis. You said that it was okay for you to give up your shares. Of course, Qixuan also had the final say, but the major shareholder of Qixuan is Wei Xingyue. Will she agree with you?"

"She will support me unconditionally."

Another reporter asked a question, but his target was Luci Ming.

"Mr. Lu, do you agree with Mr. Shi's statement?"

Lu Ximing took a deep look at Shi Lei and sighed. At this time, he had to stand by Shi Lei. Even if Shi Lei's decision was wrong, he couldn't let the media see him and Shi Lei acting opposite each other. The most important thing is that Wei Xingyue said that Shi Lei has the right to make any decision on the flash mob.

So, he said: "Director Wei said that in the flash mob, only President Shi's resolution will not be vetoed, and President Shi has the power to veto any of her resolutions unconditionally."

The reporters fell silent again. Faced with such a big gamble, especially one involving two emerging companies, even if they were used to the wind and rain, they were a little unable to write.

Of course not every reporter is like this. Just when most reporters were hesitant, some reporters had already refined what Shi Lei had just said and posted it on his official Weibo.

Mr. Qian obviously saw Shi Lei's counterattack very quickly, and he immediately forwarded a comment not to be outdone.

What I like most on Weibo is this kind of frontal confrontation. If Shi Lei and Kuai Moo don't respond, this matter may ferment for a while and fade away.

However, Shi Lei responded with a slap in the face on behalf of the flash mob, and Mr. Qian slapped him back again. Whether it was a comment or a retweet, it instantly exploded.

Every reporter present received the reminder. They quickly looked at Weibo and realized that a colleague at the scene had already posted Shi Lei's words.

"Mr. Shi, Mr. Qian once again forwarded what you just said. He said that on the surface, the promise you made seems very strong, but in fact, what if the flash mob cannot reach the D round at all? Then what you just said also means There’s no need to cash it out. He said you were just being opportunistic.”

Shi Lei laughed loudly and said: "He doesn't pay any attention to what he said. He only cares about whether others are opportunistic. Since Mr. Qian said this, I will respond again. Well, I won't drag the other shareholders of the company. I will carry it all by myself. If Flash cannot reach Series D financing within two years, or if Flash’s market valuation cannot reach 3 billion soft sister coins, I will use my personal shares in Qixuan. A comprehensive replacement of all the shares of Flash, with a purchase price of 3 billion Soft Girl Coins. I wonder if the answer to this time, place, character and event can be given to you, and to those who hide behind the keyboard and talk nonsense but dare not face it. Are you satisfied with Young Master Qian Paoxiang?"

For a time, Shi Lei was unparalleled in domineering power.

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