Too harsh to agree.
Once agreed, he would be working for soone else.
Over the past six months, ofo yellow bikes have already expanded in several major cities in China, with nearly ten million registered users, and over one million users have paid the deposit.
Deposits in total nearly two billion.
Most of that money has been used for expansion, as he anticipates next round of funding growth.
As for the money from Yuancheng Capital, it’s already been spent, what can over 100 million do? Bike expenses alone exceed it, not to ntion daily maintenance, staff salaries, rental spaces, these costs are much higher than the bikes themselves.
There are also various ground promotions, with every registered user, ofo yellow bikes costs nearly ten yuan.
David’s phone rang.
Upon connection, it was Cen Yezhen from Yuancheng Capital.
Cen Yezhen said, "President Dai, are you free now? Shall we sit down and chat?"
"Sure, I happen to have so things to discuss with President Cen."
He must have Yuancheng Capital add investnt, without additional investnt, he can’t co up with money to compete with Hellobike Electric Vehicle, he can’t even bail out those regional managers facing lawsuits.
Half an hour later, he t Cen Yezhen.
An hour and a half later, he returned with a gloomy face.
Cen Yezhen actually wanted to sell his shares in yellow bikes to him.
Currently, yellow bikes’ market valuation could easily break ten billion, Yuancheng Capital has 51% shares, theoretically selling for over five billion to him, he would profit.
But now the entire company has no cash flow, and he certainly can’t use company’s money to buy shares right? How could he have five billion himself?
Originally, he was the one actively seeking money, now it’s others wanting to cash out.
David called Shunwei Capital.
"Hello, is this President Zhang from Shunwei Capital? I am David..."
"Yes, yes, yes, yellow bikes might be launching A round funding, I particularly wanted to inform President Zhang, does Shunwei Capital have interest?"
"No money? Okay, okay... sorry to trouble you..."
Hanging up the phone, David felt his breath wasn’t smooth.
Who doesn’t know in Capital City, Shunwei Capital is the cash king.
How much cash does President Lei hold? President Lei’s Rice Technology sells countless phones every year, Shunwei Capital is his little treasury, the entire Capital City knows, no money, find President Lei.
Now Shunwei Capital actually says: no money.
Who would believe it’s not intentional?
David has his own cleverness, always thinking about maximizing benefits.
But at the end, he’s just a startup rookie, essentially still a student.
Failed to balance benefits and resources well, chose Yuancheng Capital which couldn’t provide help.
Initially invested by Red Shirt Capital, they don’t even care now, after all Red Shirt Capital’s shares, after two rounds of dilution, are less than 10% now.
David still toughens up and calls Red Shirt Capital...
...
In the venture capital market, potential is most valued.
When potential is big enough, others scramble to invest, even premium prices don’t matter, entering the scene feels good.
Venture capital industry is a place riskier than stock trading.
A declining stock, stockholders know to slam down a few more stops, in the venture capital field, naturally doesn’t need ntioning.
Facing Hellobike’s storm-like offensive, ofo yellow bikes, this little sapling, clearly can’t withstand.
At this mont, let alone premium, the first thing investors think is to run away.
Who the hell dares to play with Li Yang, Li Yang openly said he’s going to lose four billion.
Looking at who’s standing beside Li Yang, although shared electric vehicles are just a trivial investnt for those top giants, resources are dozens of tis more than ofo.
Cen Yezhen is basically unknown in the capital circle, Yuancheng Capital has no fa, no strength, just snatched Li Yang’s resources, luckily got into ofo yellow bikes.
Originally, they were full of confidence.
But recently, constantly thinking to let go of ofo yellow bikes’ shares, yet no one is willing to take over.
Offering the highest price, rely two billion.
Yuancheng Capital can’t accept this, after all, they invested nearly two billion and forty million, to not only not make money after half a year but also put in more?
The loss isn’t just four million, but more.
Given this half year’s high capital cost, Cen Family barely ca up with such money.
If Cen Family had money, Yuancheng Capital wouldn’t be so unknown, Yuancheng Capital shell, most ti is used to conveniently handle so transactions, simply lacks investnt ability.
Cen Family held a eting.
Only one the, realization!
Must realize shares in Man Boobs TV, after all, they invested a lot of network into it, realizing less than two billion ans a loss.
More so for ofo yellow bikes, realizing less than three billion would be losing money.
As for Boss Jia’s Faraday Future, the investnt is larger, realizing less than ten billion would an a loss.
Except Boss Jia himself is caught up now, the situation is unclear, plus invested things can’t possibly be realized in short ti.
Cen Yezhen forced himself to stand out, said: "Uncle, Man Boobs TV said no money, let us wait until the March end funding, then sell our shares at the funding conference, others willing to pay how much is just how much then."
Anyway, don’t think about two billion, Man Boobs TV isn’t worth that much, their shares were swapped for resources, no more than 10%
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