But there is another solution to the company's repurchase, which directly overcomes all technical problems, as long as you have money. However, repurchase usually occurs in large companies that have formed, so only such companies have the strength to repurchase. They will repurchase after the A round. Will you still raise funds in the future? Will you still burn money?

Therefore, even with the experience of Xu Xin's investment in half her life, she has never seen it. However, as far as she knows, Baren Group just happens to be able to...

Xu Xin nodded, and thia nodded wildly: "Mr. Chu, what is your current valuation of Baren Group?"

“27 billion?”

"So low?" Thia was very disappointed. "If this happens, our investment is only worth 1.8 billion now?" This is also a question for the A-round company, which is the question of how much it is worth before the B-round.

"Stop, how is 1.8 billion possible!" Chu Yuanxi quickly interrupted her fantasy, "You have to pay me the bet. Most of the stocks on your books will be immediately given to me."

There was a burst of laughter below, but the atmosphere eased a lot. People with good things asked with a smile: "Why is it 27 billion instead of integers? Is it to appear detailed?"

"No. After the A round of financing, 1.8 billion yuan is exactly 15 times the amount of 27 billion yuan, which is easy to calculate. My math is not good, and it is difficult for me to calculate it inconsistently."

There was another kind laughter below. Seeing that the atmosphere was finally adjusted back to the normal path, Chu Yuanxi quickly said, "Okay, okay, say a thousand and ten thousand, and in the end all the questions should still be back to the valuation and financing amount.

I think so. The whole A round will release 20% of the share, and the pre_a round will be valued at a scale of 3 billion, and the pre_a will be released for the time being. 5%. We don’t do any call bidding, it’s too troublesome and unnecessary. Then the subscribers will enjoy priority based on the share of pre_a in the round A and possible a+ round. That is to say, if you take away all the 150 million shares in this round, you will have 5% priority in the entire round A financing process, and the part that exceeds the priority is the same as others.”

After listening patiently, Li Jingfei shouted with a big light head: "You're so hard, right? You want me to say that you're better than that? Isn't it enough to just turn A round?"

A strange look suddenly appeared on Chu Yuanxi's face: "What gave you the illusion that the valuation of rounds a and a+ is still 3 billion? Valuation is always a dynamic thing, 3 billion is just the bottom line of round a. And I don't plan to over-subscribe in this round, so there will definitely be a call bidding process in the end."

Li Jingfei almost fell down and thought to himself that the valuation you are talking about now is a slap in your head, okay? You are valuing the air! Let's take a bunch of air and get a bargain. Hello?

Xiaokang's financing is really different from Baren. When Baren was doing valuation, Li Jingfei thought it was really cheap, because at that time, Baren had already made a big splash in the field of self-media, and the data and activity of several large numbers were real. Therefore, although many investors think that 1.5 billion is too expensive, Li Jingfei felt that he was aware of it and not expensive! Not only was it not expensive, but it was cheap no matter how you look at it, so he closed his eyes and slapped his head.

Finally, time proved the correctness of this judgment.

But Xiaokang is really not apart from talent and has not achieved any results. Even the store has just been renovated and is still in the ventilated and drying stage. In Li Jingfei's eyes, he was not as similar to Baren at that time. Support is supportive and friends, and he cannot consider so many other things when buying money. He must be responsible for his own money. Someone also told him that you should believe that Chu Yuanxi can achieve results in the future, so he should be auctioning money now, but this does not conform to Li Jingfei's trading belief that he only casts an eagle when he sees a rabbit.

So he sat back in disappointment and decided to consider it again, mainly considering how much difference can the valuation difference between pre_a, a and a+ rounds? The most important thing in the early stage of investing is to balance risks and returns.

There are not a few people who have similar ideas to him. It is not that they are not optimistic about Chu Yuanxi, but that they need to consider it carefully. You should know that in the past two years, it is not something that can be explained clearly in a cold winter. The thinking pattern of cash as king is deeply rooted in people's hearts. It is much more flexible to hold cash in hand than throwing out chips early.

But if Fang Shiling is here, she might have different ideas, because this situation seems familiar. In fact, last year, Chu Yuanxi once told her that I would open a backdoor for you. Now you invest in me at a valuation of 1 billion yuan. A few months later, when the A round of financing is officially raised, it is easy to make 50%. This is actually the difference between pre_a and a. According to Chu Yuanxi, buying is profitable. The two financings in the same round of financing are 50%.

If Fang Shiling had joined the scene at that time, it would be the pre_a wheel.

However, she had no money.

Chu Yuanxi did not mean to force investors to express their opinions on the spot, but after today's meeting, we will definitely enter the formal fundraising process and need to complete a series of financing operations. However, because Chu Yuanxi called out a quotation instead of a call bid, it instantly added a huge amount of work to Yuanmu because she wanted to solve the problem of who to release how much.

If it is a call bidding, because the price is floating, whoever shouts higher can buy it without considering the quota. However, in the mode of fixed price, if there are many subscribers and they all want to buy more, if the wolf has more meat and less meat, it will not be enough to share, and she will be bald.

However, this is exactly the problem that Yuan Lu should solve as a cfo.

The meeting ended soon, Yuan Jing accompanied the investors away, and Yuan Mu led Xu Xin to the small conference room. Xu Xin looked inside, and Chu Yuanxi was sitting firmly on the Diaoyutai, just following the tea cup inside.

Xu Xin entered the door, sat in front of Chu Yuanxi, and looked around: "You are... ambushes five hundred knives and axes, are you planning to throw the cup as a sign if you don't buy money?"

"Hiss... seems to be a good idea too?" Chu Yuanxi laughed, put the teacup in front of Xu Xin, and brewed the water, "Actually, Yuan Jing suggested that I tell you the real goal of Xiaokang."

"The real goal?" Xu Xin just picked up the teacup and put it down. She thought she was brought here alone to discuss behind-the-scenes transactions. After all, she knew that she was the most famous. She could handle many people by taking her off. This kind of thing can be said to be an eternal classic drama in the investment circle. There were in the past and there were present, and there will be repeated countless times in the future.

"Yes, the real goal." Yuan Jing hurried over after seeing off the VIP, and sat next to Xu Xin after entering the door. Yuan Lu sat next to Chu Yuanxi to accompany him. The two brothers and sisters sat in line face to face, and in terms of identity, they were each in charge of their own positions, which made Xu Xin feel quite strange.

Only Yuan Jing said: "Chu Yuanxi's primary goal is to grab Baidu's business with blockchain and AI, the advanced goal is to eat new retail into Dog Dong Alibaba and 724, and then the ultimate goal is to use social networking to attack Penguin."

“Not mobile payment?”

Yuan Lu nodded: "Yes, Sister Xu, it's not mobile payment. Mobile payment can be said explicitly. Anyway, if you want to do it, no one can do it, and it will not cause alertness."

Xu Xin remained silent: "Social communication can be said openly. Anyway, if you want to do it, no one can do it, and it will not cause alertness."

"It would be great if the penguin dad thought so too." Chu Yuanxi took a sip of tea, "What I said just now is so tired. I have to hide my true intentions and show my attraction, which can kill a lot of my brain cells."

"Huh? Do you think you can succeed?" Xu Xin became interested, not because of anything else, but just one thing. All socializing is basically a big publicity, to build momentum for financing and pave the way for products. She wished she could make a world-renowned company, and never hide it like Chu Yuanxi.

Only those who truly feel that they will pose a threat to Long Dad and will be strangled by Long Dad and feel that they are extremely good at themselves will hide their social interactions.

"Yes, I'll show you this." Chu Yuanxi said as he took out a piece of material, "Only the two of them and Liu Lu have seen this material. It is a way for me to build social interaction by making convenience stores and bicycles. The whole world knows that Xiaokang wants to socialize. Today, you are five people."

"Then I can't read it. I haven't considered whether to take such a big responsibility." Xu Xin took the document but didn't open it. Although this may not be a routine, it may not be dependent on her. Although Yuan Jing is trustworthy and Chu Yuanxi does a big thing, as a person with rich experience and skillful human nature, a person who knows destiny at fifty will not act rashly.

"It's me Meng Lang." Chu Yuanxi didn't expect Xu Xin to be so cautious, and couldn't help but look at Yuan Jing.

Yuan Jing was about to speak, but Xu Xin waved his hand: "Socialization, I am actually very interested in it, I want to do it too much. But Xiao Yuan, you are also an old man in the investment circle, and you also know that our patience with socialization has been consumed again and again. The consumption is too cheap. It has captured our urgent mood and killed it, and the sickle has collapsed. It is really hard to describe.

So, Xiao Chu, to be honest, if you do socializing, it is suitable to find people like coal bosses to invest in you. You are passionate and have no burden, and have ideals but not lack money. As for me... I can't deny others without understanding anything at the beginning."

“So what you mean?”

"I want to test you. Instead of knowing your secrets and your social secrets, I might as well find out if you are a social material. What do you think?"

Xu Xin said and carefully observed the expressions of the three people. Yuan Lu looked very guilty. This was her advantage and honesty. Yuan Jing was always a man who couldn't tell it. This was also his advantage and was cunning. As for Chu Yuanxi, Chu Yuanxi was very relaxed and crazy. She looked like she was a social expert and she was just about to ask questions. Is this... considered an advantage?
Chapter completed!