Start with hooves

Chapter 149

After Su Rui chatted with the two men, he asked Liu Dong to meet at the golf course.

In this era, golf is more popular among wealthy people in the mainland.

When we meet.

Liu Dong was slightly embarrassed, and told:

"I only know how to play. I will accompany my friends to the golf course in the suburbs of Beijing. I haven't played it a few times before. Otherwise, I'd better carry the club for you. I'll just watch it from the side."

Su Rui was wearing a peaked cap, a polo shirt, and a pair of white slacks. He pointed to his outfit and said with a smile:
"I don't think it's unprofessional if you don't wear clothes. Your skills may not be as good as yours. Don't look at the golf course that I own this hotel. I have played only a handful of times. There is no need to pursue the results. The two of us are pecking each other. The weather is very comfortable today. , just for a walk."

The Manalai Golf Course on Lanai Island is located on the seashore. It is considered one of the most beautiful golf courses in the world. Some tourists who like this sport choose to stay in Lanai Island because of it.

Due to the relatively high cost of playing.

Although the number of tourists landing on the island has skyrocketed recently, most of them went to cattle and sheep ranches, four-wheel mountain bikes, jungle trekking, outdoor go-karts and other attractions. There are so many beach tourists that they seem to be eating dumplings, and the golf course is still quiet.

After listening to this, Liu Dong put his heart in his stomach immediately, and did not refuse Su Rui's invitation again, and said with a smile:

"If it's just a walk, then there's no problem."

"I accompanied your father to a Foodland supermarket in Maui this morning. The population of the island is only over 1. The new retail e-commerce model of placing orders online and selling daily necessities and food is indeed very suitable for the local situation. .”

"After accumulating some experience in the future, we may be able to expand to markets such as the United States, Japan, and the mainland. Especially in our mainland, it is too troublesome to go out to buy groceries every day, and office workers simply don't have time..."

After the caddy helped to prepare, Suri took the cue and stood by the ball ready to swing, he said:
"My ability is limited, and I find it annoying to deal with a lot of things every day. When the time is right in the future, you can try to bring a similar model to the mainland for development. These days I am busy dealing with new albums and filming TV series. , I haven’t had a chance to seriously discuss financing with you, and I’m going to go out to do business soon, so let’s try to settle the deal today, how much does Dongjing Mall need now?”

Liu Dong could see it.

A young man like Su Rui has a straightforward personality and doesn't like procrastination at all.

When Liu Dong was in Silicon Valley, he heard that he had only talked with the founder of Netflix once, and he had finalized a total financing of 5000 million US dollars.

A few days ago, I was left alone, thinking that Su Rui was not interested in her Dongjing Mall, but I didn't expect the surprise to come so suddenly. If I have no idea at all, then there is no need to ask how much money I need.

During this trip to the United States, Liu Dong contacted more than a dozen venture capitalists. Liu Dong already had a plan in mind, and immediately told him: "2000 million US dollars, if you want the company's performance to improve, you need at least this amount."

Dongjing Mall has already had an angel round of financing before, and now it is considered a round of financing.

At the beginning, Liu Dong couldn't even figure out how much his company was worth, but now he often contacts the venture capital circle, and he basically knows it in his heart.

Suri swings hard.

The golf ball flew very far, but the problem was that the first hole was not in that direction, so Liu Dong just raised his arm, ready to compliment him, and then put it down quietly.

Knowing that he plans to raise 2000 million US dollars, this amount is similar to Su Rui's guess. Based on the current valuation of Dongjing Mall at 6000 million US dollars, it is equivalent to planning to release about 25% of the equity.

Without hesitation, Su Rui shook his head and replied:

"Less, your Dongjing Mall is still doing logistics. I invested 2000 million US dollars in it, and spent it everywhere after paying off the account. This fund will soon bottom out, and it will hardly be of great help to the development."

"Brother Dong, you also know that smart phones are developing rapidly, and Taobao.com is crazily grabbing the market. The next new trend is coming. People can use mobile terminal devices to shop online anytime, anywhere."

"If there is no money in the company's account, nothing can be done. As an investor, of course I don't want to see the funds go to waste. If you want to invest, it's better to do it in one step. Let me tell you the number..."

My heart trembled.

It's different from many people who are only good at talking, and they talk extravagantly at the wine table. After sobering up, they just fart and turn their heads and turn their faces away.

Hearing Su Rui's words, Liu Dong knew that he had really met someone who knows how to do it, so he held back the joy in his heart and said:

"That's right. If you invest 2000 million U.S. dollars, you can only double the valuation of Dongjing Mall on the current basis. Investing 3000 million U.S. dollars may directly increase the valuation to [-] to [-] million U.S. dollars. It's also very good for you, Mr. Su."

This is also a routine operation in Silicon Valley.

There are conflicts between traditional investment concepts and venture capital. The former emphasizes saving while saving money, while the latter focuses on supporting development and needs to take a longer-term perspective.

Su Rui handed the cue to the caddy, reached out to ask Jiang Jiaya, who was acting as a life assistant, for a bottle of water, and then said:

"3000 million US dollars is still a small amount. I guess in order to avoid being occupied by doves and let most of the company's equity fall into my hands in the future, I am afraid you will not dare to take me to participate in follow-up financing. I suffered from Facebook's losses back then, and now directly One step is in place, I will pay 6000 million US dollars for financing, you can’t find this valuation anywhere, and give me half of the equity after financing.”

For Internet company founders, the amount of financing is not the more the better.

While taking into account the needs of the enterprise, it is also necessary to ensure the amount of shares held by oneself, so as not to be eroded step by step by capital, and finally make a wedding dress for others.

Therefore, in each round of financing, there are requirements for equity allocation. Seeing that Su Rui opened his mouth and wanted to sell half of the shares at once, Liu Dong experienced what it means to be "painful and happy" on the spot.

In the past few months, he obviously wanted money and wanted to go crazy, but now facing the huge price offered by Su Rui, Liu Dong dared not directly agree, only thinking that the money was a bit hot to hold.

After all, it has only reached the A round of financing.

Once the shareholding ratio of the founder team, including him, is diluted by half, it will be difficult to handle the B and C rounds of financing in the future, not to mention controlling rights, and may not even be able to maintain control rights, as Su Rui said That way the doves occupy the magpie's nest.

Seeing Liu Dong's constipated expression, Su Rui almost couldn't help laughing, and added:

"I understand what you are worried about. In return, I will transfer all my voting rights to you. I just want to take a ride and have no interest in intervening in specific management. Not only that, but at the right time, I am also willing to provide a low-interest loan. With this money, the next financing can be postponed, and as long as the company develops well enough, your equity will not be diluted too much.”

Liu Dong breathed a sigh of relief immediately, and asked, "What is the approximate figure for this low-interest loan?"

……

(End of this chapter)