Salted Fish’s Self-help Strategy

?Even with the above benefits, Chu Yuanxi still feels that he has lost a lot of money by directly diluting the equity. After all, he is ready to make a big profit, so he will use a high profit to bet against. However, gambling requires a bet. Since Chu Yuanxi had spoken loudly, his bet must have been extraordinary.

Yuan Jing knew that today's most valuable content would be presented to himself, and he was breathless.

Just listen to Chu Yuanxi said: "If the total operating net profit cannot reach 200% of the previous valuation of the A round in the next three years, assuming this round of valuation is 1 billion, the main business will make less than 2 billion in the next three years. , The founder team promised to compensate investors for 40% of the equity before this round of financing."

Yuan Jing Naran: "Have you communicated with other founders?"

"No, but I personally hold exactly 40% of Baren Entertainment's equity, and there are 10% of options. I have the ability to cover the compensation. But please note that I am talking about'operating' net profit, which means , Dividends will not be affected, and foreign investment will not be affected regardless of the loss, but if the subject of the merger is the main business, it needs to be counted."

Yuan Jingdai sat at the table.

A high bet means that the things on both sides are high, and it is impossible for Chu Yuanxi to occupy all the benefits, and it is impossible for him to remain invincible.

Chu Yuanxi's meaning is very clear, that is, as long as the money earned or lost through normal business activities is counted within the statistical scope, the money earned or lost through "non-business activities" is not counted. Money can be used for dividends without affecting the statistical caliber.

An easier-to-understand expression is: even if Chu Yuanxi spends all the money he earns to buy a house, and then the house price plummets, it will not affect the completion of the gambling, because buying a house is a non-business activity.

This condition is easy to understand. In gambling, investors need to see the profitability of Pakistani Entertainment. As for poor investment, it is another matter, not something that must be cared about in gambling.

This is no problem, the problem is the number Chu Yuanxi promised! Assuming that the pre-financing valuation is 1 billion, the operating profit and loss he will complete within 3 years is a net profit of 2 billion! Is it possible to earn 700 million yuan a year and net more than 50 million yuan a month?

It seems possible to write 7 knowledge sharing articles about popular styles every month...

The stakes are not small. Yuan Jing quickly calculated his mentality. This promise was quite stable. The 200 million investment will either increase to around 800 million or get 56.6% equity in Pakistani Entertainment. What Pakistani Entertainment looks like is more than 350 million. Knowing that after Toutiao's big push of "Unwinding", he was ready to accept a valuation of 1 billion when he came.

It seems that as long as Chu Yuanxi does not launder money or empty the company, it will be a good deal. However, he just didn't know where Chu Yuanxi's confidence came from? Is it because Allin can open money laundering without psychological burden? Is self-confidence emperor overconfident?

Chu Yuanxi was actually sighing too. It's all because he is too salty in this world, and he didn't move forward. It made Boss Yuan, who had spent money in the original world, looked forward to such a small investment and was cautious, sin, sin! Where is your faith?

People with "ambition" may say at this time: Are you so awesome? Then I don’t make money for you. Good luck. In fact, this is not ambition, but qi.

Inexperienced people will lose interest because the loss ratio is not ideal. They are interested in the kind of investment that can make hundreds or thousands of times, and they can only gain experience after losing hundreds or thousands of times.

People who are not confident will repeatedly calculate the loss-to-profit ratio to ensure that their investment is always profitable. In fact, what they calculate is what they can see, and the trap is a trap because he can't see it. This kind of person is the easiest to be cheated. I don’t know that free things are the most expensive, and I don’t know that "you will not lose money in any way" is the source of loss.

Yuan Mu used to possess the above three characteristics at the same time, and later became professional under the tutelage of her brother.

The Microsoft interview question "Pirate Dividing Gems" that went viral on the Internet can best explain the problem. The five extremely clever pirates are divided into 100 gems of the same value. The pirates are sorted first, and then put forward the distribution plan in order. More than half agree to divide according to this plan, otherwise the person who proposed the plan will be killed, and the next one will continue to propose the plan. . The question is how to propose the plan of Pirate No. 1?

In theory, the optimal allocation plan for No. 1 is to give 97 for himself, not for No. 2, one for No. 3, two for one of No. 4 and No. 5, and none for the other. Among them, No. 1 definitely agrees, one out of 45 will agree, and No. 3 will also agree.

The problem is that if you switch to an ordinary person to do No. 3, you may not agree. Not only do you disagree, but you will get angry.

But when Yuan Jing was No. 3, he would definitely agree that his state of mind had long been detached from ordinary people. Chu Yuanxi knew this very well. He will not be angry, nor will he miscalculate the mathematical expectation of dozens of times of return because of the temptation of hundreds of times of return, and he will not enter the trap of loss.

But now, his imagination is limited by the bad investment situation. Now he cannot make Didi, make headlines, or even make Pinduoduo. It would have been impossible for Pinduoduo to develop so well if it weren't for the support of investors, but that was another story.

Seeing Yuan Jing sinking into thought, Chu Yuanxi stood up and walked around in the small tea room twice before saying: "It is impossible not to bet against each other. Invest 200 million yuan, which accounts for 16.6 in a company with a valuation of 100 billion yuan. % Is impossible. Although it only made a hundred times, it seems that it is not outstanding in venture capital? But investing two million to make a hundred times and investing 200 million to make a hundred times, not the same one hundred times. "

"That's what I said." Yuan Jing didn't raise his head, with his head facing forward, staring at the needle point so big in front of him and said: "You must know that expansion basically comes from inexplicable self-confidence, and you shouldn't expand now... "

"Hahahahaha—" Chu Yuanxi laughed happily again, "To show you the facts and reason, you think I am bloated, then if I tell you: Let you invest in Pakistan, I will bring you money and fly you. , Let you find the right exit for the capital in the cold winter of capital, will you treat it as a pushover?"

Yuan Jing smiled bitterly: "The question is, do you think of making money too easily? What gives you the confidence to make so much money?"

"Vision!" Chu Yuanxi pointed to her own eyes: "From the perspective of people, I can see your brothers and sisters, and that Li Jingfei is worthy of cooperation; I can see that Uncle Sheng, Zhu Yan and Jiaotu are able to The person who helped me get things done~www.wuxiaspot.com~ From the perspective of things, I can see that "Surprised Anchor" did not end well; I can see that the snow project has potential. From the perspective of the market, I don’t need to brag. , I started with 4 million, and in five months, I bought a billion-dollar company. Even if I don’t have confidence, you should have confidence in me!"

As he said, he walked behind Yuan Jing, angrily: "Look at what you look like now, like the head of a tens of billions fund? You don’t look at a company’s goals or where the ceiling is. Instead, look at the current valuation? You don’t even have the courage to shoot your head, and you are not as good as an individual investor like Li Jingfei! What is the most important thing for investors in your mind? Tell me!"

"It's... brave." Yuan Jing dropped his head deeply. This is what he said after he made a large investment in a row after 2008, and it became a model of zhuangbility in the investment circle for a while.

Fan Li, a famous minister in the Spring and Autumn Period, after helping the Yue King Goujian to get Wu Guo, took Xi Shilang to Shandong Dingtao, named Tao Zhu Gong, and then began to do business. The world is a commercial idol in the ancient times.

At that time, Yuan Jing also relied on the courage at the critical moment to bring Zheng De from an unknown small fund to a scale of tens of billions, and his prestige was as high as the sky. That's why Zheng Dezhong kept his promises.