My Age of Investment

  Chapter 176 Affection (seeking subscription and recommendation)

   "The same valuation as you!"

  Eberhard’s words shocked Andrew, but he didn’t even sit down and raise the price?

  Xia Jingxing was also very surprised, he was ready to increase the price, but he did not expect Eberhard to be so real.

  As if he had guessed what the two of them were thinking, Eberhard waved his hand, "I will definitely not do things that are dishonest."

  He looked at Xia Jingxing, and said: “I hope Darren you can agree to the admission of their two investment institutions and jointly inject Tesla with you.

  In this way, our shareholders are more diversified, and when we encounter financial pressure, there are more solutions, instead of putting the pressure on you alone. "

  Xia Jingxing did not respond directly, and asked, "How many shares do they want?"

  This is what he cares most about.

  Tapenning then said, "Not much. The two investment institutions jointly injected 1.2 million US dollars. Darren, you personally led the investment of 6.3 million US dollars. So a total of 7.5 million US dollars is enough."

  Xia Jingxing's heart stunned, historical inertia is really strong, Iron Man originally led the investment of 6.3 million US dollars.

   Seeing Xia Jingxing’s refusal to express his opinion, Eberhard thought he had an idea in his mind, so he emphasized:

   "Even if Darren personally invests less than 1.2 million US dollars, you are still Tesla's largest shareholder and chairman, and you have the final decision-making power in all company affairs.

  It's just that the shareholding ratio has been reduced from the estimated 50% to 42%.

  Tesla’s current shareholding structure is 55% for me, 25% for Tarpening, and 20% for the option pool reserved for employees.

  After completing this A round of financing, our equity will be reduced by half. "

  Speaking of this, Eberhard did not go on.

  Their purpose is actually very simple. They simply want to have a more diversified shareholder structure.

  Xia Jingxing promised to invest 100 million US dollars in the next five years, but he will transfer 10% of its equity into the option pool for free if he defaults.

  But they still have some doubts.

  Xia Jingxing is still too young, and Facebook has not been listed, or has achieved very large commercial success.

  The future is hard to say.

  In case Tesla is short of money, Xia Jingxing has no money to make additional investments. In addition to increasing the option pool by 10%, Tesla has to continue to look for money.

  If there are two Silicon Valley venture capital institutions among shareholders, it may be easier to find money.

  In other words, they were not completely relieved of Xia Jingxing, and they still wanted to make two-handed preparations.

  Xia Jingxing leaned on the chair, her face was as usual, no emotions, sorrows, sorrows and joys could be seen.

  For him, the most important and most desired thing is: the position of major shareholders and the final decision-making power of all affairs.

  A few more shares and a few fewer shares, it doesn’t really matter. Because Tesla is indispensable for financing, he can slowly increase his holdings.

  In the first few years of its establishment, Tesla’s valuation rose very slowly, and the cost of holding it was not high.

  And when the time comes, it will be two investors crying and crying to invest, begging him to increase his shareholding, which is easier for people to accept than he is now forcing more shares.

  Appropriate introduction of Silicon Valley capital is indeed conducive to Tesla’s future financing.

  Although he has helped Tesla, Tesla has been developing for more than ten years, and its equity financing and debt financing have exceeded 20 billion US dollars.

  Until the previous life in 2020, I finally started to have the ability to support myself.

  It’s not impossible for a person to carry everything alone. The key is to look at the development of Facebook and the growth rate of his personal assets.

Although he accepted the plan proposed by Eberhard in his heart, Xia Jingxing still didn't want to agree too readily.

   So he frowned and said, “I can agree to let their two venture capital institutions enter the market, but only if they understand what we are doing and can’t let them slow us down.

  I can’t wait to see Tesla’s electric cars running on the road now, Eberhard, do you understand what I mean? "

  Eberhard smiled and nodded, "Of course I understand, we have the same idea as you, and I can’t wait to build a car now.

  Daren, please rest assured that we will not let the two venture capital institutions interfere too much with Tesla. They are just financial investors.

  And you are our true partner! "

  He glanced at Tarpenning and continued: “We two discussed it, and after the equity investment is completed, we decided to grant you the title of “co-founder”.”

  Xia Jingxing laughed, "Sounds great!"

   Then he waved his hand and said, "Okay, so be it, you quickly call the two venture capital institutions over, and we signed the investment intention agreement today."

   "Sign today?"

  Tapening was a little surprised, because there were two more investors, he thought he could not sign the contract today.

  Xia Jingxing gave Tarpening a glance and chuckled: "What? Do you want to sign late? I'm not in a hurry, it's up to you."

  Actually, he was anxious, afraid that Iron Man suddenly jumped out and got stuck.

  The two venture capital institutions only act as follow-up investors, and the investment scale is small, which does not threaten his position.

  Eberhard is not honest and kind, but he didn't see the presence of powerful investors, and he didn't dare to sit down with him and raise the price.

  Once Iron Man appeared, the situation was completely different.

Although the prestige of Iron Man is not as loud as in the future, he is also a well-known billionaire in Silicon Valley.

  It was a great success when he first started his own business. The company Zip2 he founded was acquired by Compaq Computer for more than 300 million U.S. dollars, and he himself made a profit of 22 million U.S. dollars.

  From the money earned from the first venture, Musk put out 10 million U.S. dollars and founded X.com, an online financial services and email payment business company.

  Later, it merged with the Confinity company founded by Peter Thiel, and Musk became the largest shareholder of the new company PayPal, with 11.7% of the shares.

  The year before, PayPal sold it to eaby for 1.5 billion US dollars. Musk made a profit of more than 170 million US dollars. He turned around and took out most of the money, which is 100 million US dollars, and founded the space technology exploration company SpaceX.

  This incident caused a great sensation in Silicon Valley.

  Although many people think that it is impossible for Musk to successfully launch a rocket, it does not prevent Musk from gaining greater visibility through this company.

  Xia Jingxing believes that if Musk appears in Tesla, Eberhard will give priority to Musk under the same conditions.

  Tapening realized that he had said the wrong thing, and laughed awkwardly, "Okay, I'll call them right away."

  After waiting for more than an hour at Tesla, the people from the two venture capital institutions, Compass and SDL, finally arrived.

  Neither are well-known venture capital institutions and their scale is small.

  The people they sent had a brief exchange with Xia Jingxing. After learning that Xia Jingxing "provided Tesla with a $100 million investment agreement", he immediately agreed to sign the agreement.

   "Hold on!"

  When the parties were about to sign the agreement, Andrew jumped out.

  Xia Jingxing looked at this dead fat man with a bewildered face, what else did he get out of?

   "The Tesla stake that Darren should have acquired was 50%, but now it has dropped to 42%."

  Andrew glanced at the two founders of Tesla, “This investment commitment agreement must also be changed! Within five years, a cumulative investment of 84 million U.S. dollars!”

  Eberhard and Tarpening looked at each other, and the former came out and replied: "No problem, 84 million U.S. dollars, enough!"

  Andrew blinked at Xia Jingxing, feeling a little proud: how? This lawyer's fee is not in vain, right?

  Xia Jingxing laughed blankly, he naturally understood what Andrew meant.

  Regardless of the future development of Tesla, Andrew will reduce his investment commitment of 16 million US dollars, which can be regarded as fighting for his own rights and reducing some difficulties.

  This love, bear it!

  (End of this chapter)