sinovels Chapter 140 Unicorn With A Valuation Of 5 Billion Meters
Chapter 140 Unicorn With A Valuation Of 5 Billion Meters
Of the 13 board seats, Lu Yi has the right to nominate 7 seats, and the remaining 6 seats need to be divided among the investment institutions present to discuss.
The next step is the establishment of the supervisory board.
After consultation, it was decided to set up 5 supervisory seats, among which Lu Yi would appoint an internal employee of the company to serve as the head of the supervisory board.
In fact, Lu Yi really wants to win both the seats of head of the board of directors and head of the supervisory board.
However, according to the "Company Law", supervisors should be independent and cannot be concurrently served by directors or managers.
If Lu Yi wants to be the head of the supervisory board, he cannot serve as the company's chairman.
This is obviously impossible!
Fortunately, the head of the supervisory board is appointed by Lu Yi as an internal employee of the company, which can be regarded as barely controlling the supervisory board.
after all.
The power of the supervisory board is still very powerful.
1. You can check the company's financial situation and check accounts and other documents at any time.
2. It is possible to supervise the "three-one-seven" behavior of directors and senior managers in performing company duties, and make recommendations for removal of directors and senior managers who violate laws, administrative regulations, company articles of association or resolutions of shareholders' meetings.
3. When the actions of directors and senior managers harm the interests of the company, require directors and senior managers to make corrections.
4. May propose to convene an extraordinary shareholders' meeting, and convene and preside over the shareholders' meeting when the board of directors fails to perform its duties of convening and presiding over the shareholders' meeting as stipulated in this Law.
5. May submit proposals to shareholders’ meetings.
6. Litigation can be brought against directors and senior managers in accordance with legal provisions.
These six powers can be said to be the sword of Bodhidharma hanging over the heads of company directors and senior managers.
That's why.
If many investment institutions cannot get a seat on the board of directors, they will settle for a seat on the board of supervisors.
After negotiating the establishment of the board of directors and the board of supervisors, the heads of the institutions present also showed satisfied smiles.
Although Lu Yi still has great power in the company, he still dominates the sky with one hand.
But at least they put people in.
If there are any disturbances in future technology, they will be able to know immediately.
"Then let's continue talking about financing." Lu Yi said with a smile.
According to Lu Yi's proposal, 20% of the equity will be transferred this time, of which 10% will be transferred by financing and 10% by transfer.
10% equity financing of 500 million meters.
Various institutions present began to discuss how to divide the 10% equity.
Those with more money will naturally be able to eat a lot.
Those with less money can only drink some soup and water.
Not long after, the 10% equity was divided.
The 10% equity of this financing will need to be diluted because new institutions have joined in, so the equity of institutions that already have equity in future technology needs to be diluted.
After that, everyone also negotiated the transfer of 10% of the equity by Lu Yi.
Eventually, the equity becomes:
Option pool reservation: 8.723%
B:46.311%
Soft win: 7.11%
idg:6.66%
Shenzhen Venture Capital:4.13%
Goldman Sachs:6.83%
Morgan:6.65%
Huajin Securities:2.9%
:1.069%
George Edward: 0.9%
Sequoia Capital: 3%
Berkshire Hathaway: 3%
Eft:2.717%
For this transfer of 20% of the equity, these investment institutions must also come up with 1 billion gold, of which 500 million gold is Lu Yi's private property.
At this moment, three hours have passed.
But none of the reporters standing outside the conference room left.
"I wonder how the situation inside is going now?"
"It's been three hours, it should be over."
"I'm really looking forward to it. I wonder what the valuation of future technology will be after this financing?"
The reporters outside were talking a lot.
Although the wait took a long time, no one looked impatient.
Because this technology’s Series C financing will definitely make headlines in major media around the world.
Crunch~
At this moment, the conference room door, which had been closed for three hours, finally opened.
Hearing the sound of the door opening, the media, who had been a little lazy at first, became energetic as if they had eaten Snickers bars.
As Lu Yi, Paulson and others walked out of the conference room, the media swarmed over them, almost piercing their mouths and noses with their spears and cannons.
"Mr. Lu Yi, please..."
"Mr. Paulson, is this financing confirmed?"
"Mr. Buffett..."
However, these media did not get any useful information.
The official signing has not started yet [so everything is still under wraps.
Of course.
The media still got the news that the financing cooperation had been reached, and they were waiting for the contract to be officially signed in the evening.
To this.
All the media are looking forward to the signing ceremony in the evening.
Because depending on the situation, the amount of Series C financing this time will be very large, and it seems that it will also be huge...
Soon, it was evening.
The legal department of Future Technology worked overtime to complete the contract.
After both parties have reviewed and found no objections, it is time to enter the final signing ceremony.
7pm.
Still at the Hilton Hotel.
The signing ceremony of Future Technology’s Series C financing was completed in the presence of dozens of domestic and foreign media.
Lu Yi took photos with a group of investors and disclosed relevant details to the media.
In this C round of financing, Future Technology’s pre-financing valuation was 4.5 billion gold, and the post-financing valuation was 5 billion gold. The company’s 10% equity financing was 500 million gold.
at the same time.
Lu Yi transferred 10% of his equity to cash out 500 million yuan.
As soon as the news came out, the media present were in an uproar.
It’s not just the valuation of 4.5 billion yuan before future technology financing that is shocking.
after all.
A month ago, Wall Street analysts gave a valuation of 1.8 billion meters of gold.
In just one month, the valuation has more than doubled, which is incredible!
same.
They were even more shocked that Lu Yi would transfer 10% of his equity to cash out 500 million yuan.
Lu Yi's operation completely confused them.
after all.
Future technology has not yet been launched on the market, so cashing out at this time is undoubtedly abnormal.
If there is an internal problem with Future Technology, then the investment institutions present will never invest in Series C.
Now that these investment institutions have carried out Series C financing, it means that the operation of Future Technology is going well and there are no problems.
So this is strange?
All in all, why did Lu Yi want to cash out 500 million meters of gold?
If you wait until the company goes public and cash out at 0.7 lines, wouldn't you be able to cash out more money?
Of course, the media would not let go of this issue and surrounded Lu Yi with questions.
Lu Yi said with a smile that he would find out later, so he would give it a try here first.
Seeing that nothing could be said from Lu Yi, the media turned their attention to the heads of investment institutions present.
These people must know.
But Lu Yi himself didn't say anything. These investment institutions were also willing to sell Lu Yi face. They did not give a direct answer. They only said that Lu Yi would make a big move [the collective will know later.
To sum it up in one sentence: I know everything, but I just don’t say it.
This made the media reporters present so angry that they rolled their eyes.
If you can’t get an answer to this question, then ask other questions, such as why the pre-financing valuation of Future Technology is as high as 4.5 billion yuan, etc.
Lu Yi, Paulson and others all responded.
After asking, Lu Yi invited Paulson and a group of media friends to a restaurant for a drink and dinner to celebrate.