What's wrong with me being a rich man?

Chapter 134 How to play
Bai Xiaosheng is close to finalizing its Series B financing. In addition to alleviating the company's financial constraints and allowing it to develop faster, the additional benefit is naturally a profit for Red Falcon Capital this time.

As well as, the increase in short selling chips over the peak.

In addition to being surprised by the style of the well-known investor, Liu Wanying also felt that the information this time was beyond her own knowledge framework.

After meeting Yu Xing that night, she carefully looked up relevant information before giving him her own understanding.

“OTCBB is an electronic quotation system provided by the U.S. Financial Industry Regulatory Authority, providing quotation services for companies that are not listed on major exchanges but want to gain a certain degree of visibility in the U.S. securities trading market.”

“It is not a formal exchange or market, but provides an electronic quotation service that displays real-time quotes, transaction prices, and transaction volumes of securities listed in the over-the-counter market.”

“It can still be simply understood as a secondary market, a bit like the pink sheet market.”

Yu Xing listened to the information introduced on the phone and finally heard a familiar word and repeated it: "Pink Sheet Market?"

Liu Wanying confirmed: "Yes, this is part of the over-the-counter trading in the United States, because in the early days, pink paper was used to print stock quotes. That is, you understand it this way, whether it is the pink sheet market or the OTCBB, their requirements are more relaxed."

"Both companies mentioned by Mr. Xiong do not meet the listing requirements of the three major exchanges. As for Journey World, what I can find out now is that it was listed on the OTCBB in 2006 by purchasing a shell company. At that time, it spent $43.5 to acquire an American company called 'Tam of Henderson'."

Yu Xing finally remembered, is this pink sheet market the pink sheet stock that Leo got 50% commission from in "The Wolf of Wall Street"?
"Mr. Xiong is well-informed, and the people he contacts have too many resources and information." Liu Wanying was still expressing her thoughts, "The two companies he mentioned this time are likely to have problems. What's more interesting is that he means that there are people who help companies to commit fraud, and then 'cheap thieves', which is very interesting."

Yu Xing said "hmm" and asked sympathetically, "Can thieves rob thieves?"

"I don't know. They are very knowledgeable. I need to study it more carefully." Liu Wanying said this, and then said, "But we have an advantage. It is always easier to destroy than to build!"

There are many things to consider when creating a fraud, but it is much easier to expose the fraud.

Yu Xing politely encouraged: "Come on!"

Liu Wanying sighed, "I really need to work harder. I feel like the workload has suddenly increased. The funds for Red Falcon are coming out, and the investigation of Sino-Forestry has not officially started yet, and now two more suspected targets have appeared."

"Then can I have such an idea now..." Yu Xing paused and said with a smile, "We are going to get rich!"

Liu Wanying thought for a few seconds and said, "At least, you can probably get a new electric bike."

The money that Bai Xiaosheng had previously raised was all his own money, so he naturally would not spend it on this aspect. The next bit of money will be used to increase advertising and boost the user base, but he will not spend money like this.

Therefore, the money earned from climbing the mountain is money that you can use at your own discretion.

……

The financing from the three institutions, Capital Today, IDG and Qiming, will be negotiated by Capital Today in terms of further details.

Yu Xing had previously been resistant to venture capital involvement in operations, but this time he accepted part of the consultation mechanism, such as regularly providing financial reports and business data to the institution, which was naturally mainly to supervise the use of funds.

Of the 1400 million US dollars, 1000 million US dollars are reserved for the operation of Bai Xiaosheng's company. This amount of money is neither too much nor too little. Moreover, Bai Xiaosheng was established not long ago, so this is a routine setting.

In addition, rights such as liquidation preference, anti-dilution clauses, pre-emptive rights, and co-sale rights are also incorporated into the contract.

Today Capital also nominally gave the position to a company consultant, namely Liu Jiankai, the vice president of their company.

When Yu Xing met the vice president in the office, he accompanied him to look at the doctoral degree certificates on the wall and asked with a smile: "Is Mr. Xu tired of me?"

Liu Jiankai was amazed at the doctoral degree certificate and replied, "Boss Xu is very busy. If you strongly request her to be a consultant for your company, that's fine, but I guess I will still have to do the work."

He sat down and said with a smile: "Boss Yu, don't worry, I am here to help you coordinate resources. If you need anything, you can tell me or my assistant."

Yu Xing smiled and nodded to the assistant beside him, knowing that this was probably the one who really did the work.

"Oh, yes, Mr. Yu, I found a friend of a friend of a friend yesterday. He works for Dragon TV. I think the sponsorship you proposed is not bad." Liu Jiankai corrected, "Oh no, it's the program format you proposed that is good."

Yu Xing didn't expect the progress to be so fast, and asked with concern: "How much does it cost to sponsor a program like this?"

"It should cost less than 500 million to get the exclusive sponsorship." Liu Jiankai thought for a moment and said, "But such a program is of great significance to Bai Xiaosheng, not only to promote the company's reputation, but also to benefit the business."

"If you want to benefit specific business, the company must first develop the recruitment business."

“Program planning, scheduling, and production will probably take until the end of the year at the earliest.”

At this point he asked again, "Mr. Yu, I think the TV station is a bit optimistic. Do you mind using the contradictions on the website to attract attention?"

Yu Xing thought for a moment and asked in surprise, "Can we invite Tang Jun?"

Liu Jiankai was also surprised: "Can we still invite Tang Jun?"

Yu Xing was confused: "No, who is asking who?"

"I didn't expect you to have such wild ideas... Tang Jun can't be invited here." Liu Jiankai suddenly stopped talking here, silently thinking about the feasibility of this matter. Tang Jun is the kind of person who likes the spotlight. Now that he has been taken to the subsidiary, he must be able to whitewash himself and still wants to whitewash himself...

If the production team had invited Tang Jun first and then not informed him that Yu Xing would be on the same stage...

Even if Tang Jun doesn't participate in the second episode, it would be easy to bring up the topic at the beginning of the show, right?

Liu Jiankai is actually not familiar with the program production process, but he has some judgment on whether the friends of friends of friends are willing to attract attention for the program.

He looked at the young founder behind the desk. Was he really a genius?

"If you can't invite him, then you can't invite him... Then what did you mean before?" Yu Xing was puzzled by the way the vice president looked at him.

"It's Ctrip and the Internet dating company. You're representing Bai Xiaosheng on the show. This kind of topic will definitely be popular. Well, if they can go on the show, why can't Tang Jun be invited?" Liu Jiankai couldn't help but bring the topic back.

Yu Xing looked at the excitement on the vice president's face and felt pity for him: "Forget it. Do you really have to squeeze out all his value? Isn't that a bit too cruel?"

Liu Jiankai glanced at Yu Xing, this guy is just pretending to be merciful.

He asked directly: "Who caused Tang Jun to fall to this point?"

Yu Xing answered without hesitation: "Of course it's all because of him."

"Well, if he agrees to the invitation to the show, it's because of himself!" Liu Jiankai applied this logic, "If he doesn't repent on the show, it's because he wants to contribute his final value!"

Yu Xing said nothing, suspecting that when President Xu sent the books to everyone, he might have written the same words on the title page... "I'll ask about this matter again. Since you don't object to this topic, that's fine." Liu Jiankai made up his mind and thought that this matter could be done. "Anyway, you have an idea in your mind. The company must have such an expenditure, about 500 million."

Yu Xing nodded: "This is really a sponsorship and a free show."

"If it becomes popular, the money invested will be lost. We'll have to see if we can get a discount on the subsequent money." Liu Jiankai said with a smile, "But now, as an outsider, why do I feel that Bai Xiaosheng's involvement will make the show more interesting? Mr. Yu, be careful not to be attacked in public."

Yu Xing had a flash of thought, but he held back the suggestion he wanted to make: could he invite the two counterfeiting companies that Mr. Xiong mentioned?

Never mind, that's too bad!

I can work hard to move the company forward, but I can't be that bad!

Yu Xing took a sip of tea and said slowly, "Mr. Liu, just like the mechanism of Bai Xiaosheng, a lot of news will appear. I think the mechanism of this program is also good. This opportunity should also allow companies invested by Today Capital to show their faces, such as Tudou.com."

Real kung fu is actually not bad, but there is not enough time.

Tudou.com, which Mr. Xu invested in, did not handle the relationship between its founders’ spouses well. I don’t know if other companies have other problems.

Anyway, it’s a big stage, come if you’re brave enough.

Liu Jiankai smiled and nodded: "Not bad, Mr. Yu, your idea is very good, let's see how it goes. Well, to be honest, this kind of program is interesting to think about."

Yu Xing said seriously: "Who said it wasn't?"

A know-it-all should discover problems and make use of them.

……

On the last day of March, Bai Xiaosheng officially completed its Series B financing at an extremely fast speed.

This news was not spread too widely, but everyone who should know it knew it.

As a competitor, Lin Tinghan, the founder of Zhichang.com, immediately fell into an extremely embarrassing situation. He had just invested the money from selling Tianji.com into a new project and also attracted investment from some friends.

A full ten million!

This number is exactly the same as the money Bai Xiaosheng received.

However, the unit that Bai Xiaosheng received was US dollars...

How is this played?
The company was already lagging behind its competitors, and now even the amount of money raised is so much less than that. Moreover, such a quick B round can only prove an even more terrifying fact.

Bai Xiaosheng's development speed must be beyond imagination!
In desperation, Lin Tinghan called Shen Nanpeng from the angel round to ask for countermeasures.

"Yes, I know about this. It is indeed true. Today Capital led the investment, and IDG and Qiming also invested together." Shen Nanpeng confirmed the information. "I called Xu Xin. Bai Xiaosheng's development is indeed good."

Lin Tinghan asked with a heavy heart: "Boss Shen, what should we do?"

Shen Nanpeng continued to talk to himself: "It seems that Sequoia made a failed investment this time, which should not have happened. Workplace social networking is one of many social scenarios, and user trust is very important. Bai Xiaosheng has actually initially established a brand."

The more Lin Tinghan listened, the more he felt something was wrong: "Wait, wait, Mr. Shen, what do you mean by 'failed investment'? We haven't failed yet!"

"Boss Lin, I have to tell you the truth. In my opinion, it's nothing more than admitting failure now or admitting failure after a while." Shen Nanpeng said calmly, "It's not shameful to admit failure. It's nothing more than starting over. Boss Lin, you don't have to dwell on it."

Lin Tinghan remained silent for a long time, and then asked, "Mr. Shen, how many users does Bai Xiaosheng have now? How did they get the B round of funding so quickly?"

"I didn't ask for the specific number, but with this rapid progress," Shen Nanpeng thought for a while and gave his own judgment, "Bai Xiaosheng's users probably exceed 20, or even closer to 30. Otherwise, I think it would be difficult to invest in the B round like this."

He is an investor, so it is easy for him to put himself in his shoes.

Lin Tinghan sighed. If that was the case, it would be really difficult to pursue her.

But, should we just admit defeat like that?
It seemed as if it sank to the bottom of the water just after making a little splash.

After thinking about it, he had to admit that Mr. Shen was right, either now or in the near future.

The call was not hung up, even though there was silence.

Lin Tinghan expressed his attitude somewhat sadly: "Okay, Mr. Shen, then I won't touch my money. Sorry, alas, I didn't expect Bai Xiaosheng to be so fast."

"It's okay, Mr. Lin." Shen Nanpeng said after a simple consolation, "However, Mr. Lin, Sequoia has signed a priority liquidation right. The money in the company's account belongs to the company, not to individuals."

Lin Tinghan, who was feeling grief, suddenly felt the blood rushing to his head, and his voice was a little broken: "Boss Shen, what do you mean!"

The money he and his friend had just arrived in the company's account and had not yet been used.

"Boss Lin, Sequoia and Zhichang.com have signed a liquidation priority agreement, which we have all confirmed." Shen Nanpeng said patiently, "You invested your money in the company and got the equity, which belongs to the company. Since the company is not going to continue, the company's money must be used for liquidation."

Lin Tinghan was stunned and speechless.

Shen Nanpeng continued, "Mr. Lin, Sequoia signed the most relaxed non-participating liquidation priority. This is what the contract terms say, and the company seal is also stamped on it."

Non-participating liquidation preference rights, also known as "pure liquidation preference rights", mean that when the company is liquidated, the preferred shareholders will first recover their investment amount according to the agreed proportion, and then distribute the remaining assets to all shareholders according to their equity ratio.

For example, if Sequoia invested 300 million and the company has 1000 million in its account, Sequoia must take 300 million first and then share the remaining 700 million with everyone.

"You, you...Mr. Shen, you can't do this!" Lin Tinghan became sad again.

Shen Nanpeng sighed and said, "Boss Lin, the company has its own rules and regulations. I can't do whatever I want."

Lin Tinghan was stunned for a while, and said angrily: "If you do this, if you do this..."

He shouted: "I'm going to expose you on Bai Xiaosheng!!"

Shen Nanpeng: “…”

(End of this chapter)