The Black Card

FlashFlash announced a Series A financing plan.

This financing was less than two months from the previous round.

The last round of flash was valued at 250 million, and the venture capital circle felt that it was already a premium.

The last round of flash funding of 25 million, coupled with the funds deposited in various markets, the venture capital circle generally believes that flash can use more than 40 million funds.

Now the flash has announced that it will raise capital, which means that the 40 million has almost run out.

However, in comparison, these 40 million burners are quite reliable, at least perfected a magic city market, opened the two markets of Yangcheng and Baoan, and initially set up the two markets of Wudong and Xixi.

In the early stage of the flash, Shi Lei and Wei Xingyue jointly invested more than 20 million yuan. In fact, it was a market for the imperial capital. The magic capital market was just a stand.

Therefore, the 40 million in the past two months is equivalent to making three complete markets, compared with the previous 20 million, which only made the Emperor one market. The efficiency of burning money is quite good.

With Shi Lei ’s rhetoric and the market performance of the four first-tier cities is not bad. Therefore, the venture capital circle is not as conservative as before, and some investors have begun to think that the flash model may also be able to generate profit space.

Moreover, investors are not fools. They are more sophisticated than anyone else. Investing in this kind of thing does not mean investing in a project whenever you want, and gambling waiting for one of the potential stocks in the table. Before investing, at least be sure of its operating model, it is best to find a profit model directly, and the possibility of investment will be greater.

Qixuan has undoubtedly not found a reasonable profit model, but the user data and state support it brings is a new concept of environmental protection, which is enough to impress investors.

Although Flash is still not favored by them, through the cooperation between Flash and Qixuan, investors have also seen that these two companies have complementary effects. As long as Qixuan continues to develop well, Flash will survive for several rounds Financing and even continuous appreciation are promising.

Therefore, after FlashFlash announced its financing plan, the outside world still has some criticisms, but the venture capital circle has actively acted.

Within these investment companies that have acted, there is an unspoken consensus, that is, everyone thinks that this company should have a profit margin early, and if the response is better in the second-tier cities, the C round will return It is possible to operate, but the D round is not worth entering anyway.

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

Wei Xingyue called the five mail companies one by one and asked the other party to make a direct offer. The two companies silently asked Wei Xingyue to make a quotation. Wei Xingyue politely asked the other party to consider it and then hung up.

The other three companies have reported the highest valuation of 800 million, Wei Xingyue declined politely one by one, the other side asked her to think more, she told the other side strongly, not to consider.

Subsequently, Yao Er also released to the outside world the announcement of a round B financing.

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

And Yao Er's attitude is also stronger than Wei Xingyue's performance. Regardless of close relatives, Yao Er is the same sentence-"Trouble forming an investment letter of intent, fax it directly to our company. Sorry, there are too many phones and limited brain capacity I really can't remember. "

This is also impossible. Who makes Qixuan now be the citron of the investment market? Many entrepreneurs must run with their business plans, asking their fathers to tell their grandmother that they may not get an investment, but Qi Xuan is Jiang Taigong sitting on the Diaoyutai station, and he does not want to answer the phone. Just read the written investment intent .

To put it bluntly, this is Qi Xuan selling at a price, waiting for the capital market to give a higher valuation.

But even so, the letter of intent for investment was sent to Qixuan, and Yao Er called Shi Qiang to let him hand over his work as soon as possible and return to Wu Dongqixuan headquarters.

Shi Lei had previously reached an agreement with Shi Qiangzhi. Shi Qiang originally thought that he would have to wait for the layout of the other two cities in the Pearl River Delta to be more complete. I did not expect that Yao Er would immediately call him back after starting the B round of financing.

Because Shi Lei had greeted him in advance, Shi Qiang also consciously handed off the power in this time to four people, each of them responsible for a city.

Now receiving a call from Yao Er, Shi Qiang immediately convened four people for a meeting, indicating who can sit in his position, depending on the performance of the next four people. At the same time warn them that if they want to go up, they should do their own market well, and do not try to stumbling other people's markets. Once someone is found to be damaging the company's interests, it is not a question of being promoted.

The four looked at each other, and Shi Qiang completely handed over the work in two days. Shi Lei had returned to Bao'an at the moment and naturally took over Shi Qiang's position, but he also expressed his attitude to the four people. He just Responsible for coordinating the work of the four of them for the time being, not too much control of this position.

Shi Qiang returned to Wu Dong.

Yao Er gave the selected investment letter of intent to Shi Qiang, Shi Qiang understood that this was Yao Er to show him the current capital market's pursuit of Qi Xuan, and also to show him the current Qi Xuan valuation range.

Although Shi Lei promised that the round B's leading investment right could give Shi Qiang, but also that Shi Qiang could keep up with Qi Xuan. It is impossible to say that the outside world valued Qi Xuan by two billion, but Shi Qiang only gave one billion Valuation, then let Shi Qiang lead the investment, right?

Moreover, Yao Er found that even he thought of Qixuan's valuation a bit low, because in more than ten investment intent letters, the lowest valuation reached 1.8 billion soft sister coins, and the highest valuation One family even gave Qi Xuan a valuation of $ 400 million.

400 million US dollars, according to the current exchange rate of the soft sister currency around 6.7, has been as high as 2.7 billion soft sister currency valuation.

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

With a valuation of more than two billion, if you want to take down all the ten points of the B round, you need more than 200 million cash. Although Shi Qiang has money in his family, he really ca n’t take it out casually. More than 200 million in cash.

And ~ www.wuxiaspot.com ~ It is impossible for Shijia to eat the meat and drink the soup without a drop. With the capital market so enthusiastic, Shiqiang must also take into account the ideas of other companies.

The key is that Qi Xuan will now never accept the conditions for payment of financing in installments. To invest, it must be a complete injection of funds.

The result of the final discussion was a valuation of 2.6 billion soft sister coins for Qi Xuan. Shi Qiang's family led the investment, accounting for 5%, and the remaining 5% of the shares. The investment intention was the strongest. Assigned by the three highest quotations.

Three days later, Qi Xuan, who released the financing news, won the B round of financing.

Qixuan's valuation reached 2.6 billion, and this round of financing also reached 260 million. In addition, the companies in the A round of investment all expressed their intention to increase their holdings. Qi Xuan's actual funding in the B round of financing reached Close to 2.9 billion.

The companies that failed to get Qi Xuan's Series B investment did not know if they were stimulated, and half of them turned to flash.

This makes Wei Xingyue's final round of flash A financing also reached 130 million, which also means that flash is valued at 1.3 billion.