The Black Card

Chapter 809 Two Companies Raise Funds at the Same Time

Quick Flash announced its A round of financing plan.

This round of financing is less than two months away from the last round.

In the last round, Quick Flash was valued at 250 million, and the venture capital circle felt that this was already a premium.

Quick Flash's last round of financing was 25 million. In addition to the deposited funds in various markets, the venture capital circle generally believes that Quick Flash can mobilize more than 40 million.

Now Quick Flash has announced that it will raise funds again, which means that the 40 million has almost been burned out.

However, in comparison, the 40 million burned is quite reliable. At least one Magic City market has been improved, two markets in Yangcheng and Bao'an have been opened, and two markets in Wudong and Xixi have been initially built.

In the early days of Quick Flash, Shi Lei and Wei Xingyue jointly invested more than 20 million, which was actually a market in the Imperial City. The Magic City market was just a framework at that time.

Therefore, the 40 million in the past two months is equivalent to three complete markets, while the previous 20 million was only for the Imperial City market. The efficiency of burning money is quite good.

With Shi Lei's bold words and the good market performance of the four first-tier cities, the venture capital circle is not as conservative as before. Some investors began to think that the flash model might also generate profit space.

Moreover, investors are not fools. They are smarter than anyone else. Investing is not about investing in any project that appears, and waiting for a potential stock to explode. Before investing, at least its operating model must be confirmed, and it is best to find a profit model directly, so that the possibility of investment will be greater.

Qixuan has undoubtedly not found a reasonable profit model, but the user data and national support it brings, and the new concept of green environmental protection, are enough to make investors excited.

Although they are still not optimistic about flash, through the cooperation between flash and Qixuan during this period, investors have also seen that the two companies have a complementary role. As long as Qixuan continues to develop well, flash survives several rounds of financing, and even continues to increase in value, the prospects are promising.

Therefore, when flash announced its financing plan, the outside world still had some complaints, but the venture capital circle took active actions.

There is an unspoken consensus among these investment companies that have taken action. Everyone thinks that Kuaishan should have profit margins if they entered the market early. If the response in second-tier cities is better, there is still a possibility of operation in the C round, but it is not worth entering the D round anyway.

Only 24 hours after the news of financing was spread, Wei Xingyue's office computer already had five investment interview emails.

Wei Xingyue called the companies that received these emails one by one, and very strongly asked them to quote directly. Two companies silently asked Wei Xingyue to quote. Wei Xingyue politely asked them to consider it again, and then hung up the phone.

The other three companies reported the highest valuation of 800 million. Wei Xingyue politely rejected them one by one. The other party asked her to think more, and she told them strongly that they would not consider it.

Later, Yao Er also released the news that Qixuan was going to conduct a B round of financing to the outside world.

For a time, the phone on Yao Er's desk became a hotline. Compared with Kuaishan, investors were obviously more optimistic about the development of Qixuan and more willing to invest in Qixuan.

Yao Er's attitude was even stronger than Wei Xingyue's. Regardless of whether they were close or distant, Yao Er always said the same thing - "Please write a letter of intent and fax it directly to our company. I'm sorry, there are too many calls and my brain capacity is limited. I really can't remember it."

This is also unavoidable. Who makes Qixuan a hot commodity in the investment market now? Many entrepreneurs have to go from house to house with their business plans. They may not be able to get an investment no matter how hard they try. However, Qixuan is sitting on the Diaoyutai. He doesn't even want to answer the phone. He just wants to see the written letter of intent.

To put it bluntly, this is Qixuan waiting for a higher valuation from the capital market.

But even so, the letters of intent were still sent to Qixuan one by one. Yao Er called Shi Qiang and asked him to hand over his work as soon as possible and return to Wudong Qixuan headquarters.

Shi Lei had already reached a consensus with Shi Qiang. Shi Qiang originally thought that he had to wait until the layout of the other two cities in the Pearl River Delta was more complete. Unexpectedly, Yao Er called him back immediately after launching the B round of financing.

Because Shi Lei had given advance notice, Shi Qiang had consciously divided the power in his hands among four people during this period, letting each of them be responsible for a city.

After receiving Yao Er's call, Shi Qiang immediately convened a meeting with four people, saying that who could take his position would depend on the performance of the next four people. At the same time, he warned them that if they wanted to be promoted, they should do their own market well and not try to trip up other people's markets. Once someone was found to be damaging the interests of the company, it would not be a matter of not being promoted.

The four looked at each other, and Shi Qiang spent another two days to completely hand over the work in his hands. Shi Lei had also returned to Bao'an at this moment, and naturally took over Shi Qiang's position, but he also expressed his attitude to the four people that he was only temporarily responsible for coordinating the work of the four of them and would not hold this position too much.

Shi Qiang returned to Wudong.

Yao Er handed the selected investment letter of intent to Shi Qiang. Shi Qiang understood that this was Yao Er showing him the current pursuit of Qixuan by the capital market, and also showing him the current valuation range of Qixuan.

Although Shi Lei agreed to give Shi Qiang the lead investment right in the B round, Shi Qiang also had to keep up with the situation of Qixuan. It is impossible to say that the outside world values ​​Qixuan at 2 billion, but Shi Qiang only gives a valuation of 1 billion, so Shi Qiang should be the lead investor, right?

Moreover, Yao Er found that even he had imagined Qixuan's valuation a little low, because among more than ten investment letters of intent, the lowest valuation reached 1.8 billion RMB, and the highest valuation even offered Qixuan a valuation of 400 million US dollars.

400 million US dollars, according to the current exchange rate of about 6.7 to RMB, is already a valuation of 2.7 billion RMB.

Shi Qiang took these investment letters of intent and went back to discuss it with his family.

With a valuation of more than 2 billion, if you want to take all the shares of 10 points in the B round, you need more than 200 million in cash. Although Shi Qiang's family is rich, it is not to the point where they can easily take out more than 200 million in cash.

Moreover, it is impossible for the Shi family to eat the meat and drink up the soup without leaving a drop. With such enthusiasm in the capital market, Shi Qiang must also take into account the ideas of other companies.

The key is that Qixuan will never accept the condition of paying the financing amount in installments. If it wants to invest, it must inject all the funds in one go.

The final result of the discussion was a valuation of 2.6 billion RMB for Qixuan. Shi Qiang's family led the investment, accounting for 5%, and the remaining 5% of the shares were distributed to the three companies with the strongest investment intentions and the highest bids.

Three days later, Qixuan, which announced the financing news later, took the lead in winning the B round of financing.

Qixuan's valuation reached 2.6 billion, and this round of financing also reached 260 million. In addition, all the companies that invested in the A round expressed their intention to increase their holdings. Qixuan actually received nearly 290 million in the B round of financing.

The companies that failed to get Qixuan's B round of investment, I don't know if they were stimulated, half of them turned to flash.

This made Wei Xingyue's final A round of flash financing reach 130 million, which also means that flash was valued at 1.3 billion.

Make up chapter 11.

I will make up one chapter today. I still owe one chapter. I will continue tomorrow. You need to think carefully about the following plot.

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