My Return to Life

When I walked out of Fudan University, the sky went dark and it was already evening.

Fang Nian drove to the Bund.

Wen Ye, who was already very busy, was not allowed to be the driver.

Mainly, she is not used.

When the high-rise buildings such as the Oriental Pearl Tower lit up the light strips, the Phaeton slowly stopped.

Soon, Fang Nian walked into a restaurant with wooden plaques.

Under the guidance of the waiter, go straight to the window deck on the second floor.

Seeing Fang Nian, Guan Qiuhe joked, "I saw you so positive for the first time."

Hearing this, Fang Nian beeped in his heart: "If you know that Lei Zhe will register and establish Xiaomi in China tomorrow, Wang Xing will launch Meituan;

Especially Meituan, the Hong Kong stock market value will exceed 100 billion U.S. dollars in 2020, and once reached a trillion Hong Kong dollars market value, you know why I am so active. "

He said indifferently: "Time waits for no one. What if you just missed the cold daylily."

Guan Qiuhe smiled and said, "Go and go."

"Eat first," Fang Nian said.

"..."

During the meal, I chatted casually.

The main reason is that Guan Qiuhe is concerned about the situation of Fudan·Frontier Society.

Since being invited to become a part-time business for Frontier Company, Guan Qiuhe has become more concerned about the development of Frontier Company.

Wen Ye naturally wouldn't hide it.

So Guan Qiuhe also knows what will happen in Fudan this afternoon.

Fang Nian said only one sentence: "Although it shows that the general affairs are handed over to Wen Secret, but there are so many things, it is still a bit of a headache. This is why I always want to be lazy."

"..."

When it was almost finished, Guan Qiuhe put down his chopsticks first, wiped his mouth, looked at Fang Nian, and asked calmly.

"Do you have any suggestions for the legal affairs you talked about the other day?"

Fang Nian glanced at Guan Qiuhe, swallowed the food in his mouth, and wondered, "Didn't you propose to set up a legal department at yesterday's company expansion meeting?"

"I just want to know if you have any better suggestions." Guan Qiuhe repeated.

Fang Nian's brow lightly moved, and he reacted, "Are you afraid of being bitten by a snake again?"

Guan Qiuhe didn't say anything, and the occurrence of such a major occupational occupation in the financial department of ‘greed for fun’ naturally made her a little shadowy.

This time I ran into a genius like Liu Xi, if not?

If the hands and feet hurry, Liu Xi can't see it either?

Upon seeing this, Fang Nian said calmly: "Be prepared with multiple hands, and the establishment of the Legal Department is undoubtedly necessary;

If you are afraid of problems, you can find a way to invite a respected law doctor or professor as the company's honorary legal consultant;

On the other hand, establish a cooperative relationship with a professional law firm. If all this goes wrong, then..."

Facing Guan Qiu Hejing's serious eyes waiting for the following, Fang Nian said indifferently: "You go to study the law."

Before Guan Qiuhe could speak, Fang Nian suddenly sighed and changed the subject.

"I always like to prepare with both hands, but I didn't expect that when it was my turn to do my career, I was not ready, nor was I ready."

Guan Qiuhe didn't bother with what Fang Nian said about studying the law, and said with a smile: "To do business is to cross the river by feeling the stones, and you are all ready. It is not a career, it is a matter."

If you insist, Frontier Company can be regarded as a product that was established in the past few years.

But the frontier company is an empty shell, and there is no problem in extending the framework on this empty shell.

The problem was that Fang Nian suddenly moved his mind, intending to rely on cutting-edge project research to obtain a third retreat, which in turn gave birth to the idea and action of investing in the future.

It happened that this year was also strange to the other party.

And not much preparation.

Especially the preparation of capital.

But then again, Fang Nian is now making multiple preparations.

Planning frontier projects as output channels, and adding new frontier angel investments, which is quite a lot...

…………

Guan Qiuhe took a sip of water and calmly said, "I thought about the business you mentioned yesterday;

It is relatively easy to solve the problem of taking over the shares invested by ‘greedy for fun’ by Frontier Angel Investment. "

"Just switch from the left hand to the right hand."

Fang Nian came to understand: "You mean to replace my shares in ‘greed for fun’, right?"

"This operation is not a problem as long as you and I agree," Guan Qiuhe said naturally.

Fang Nian thought for a while, then asked: "Then how do you ensure your own profits?"

"Simple, we trade according to the acquisition price and company assets at the time, and convert the value of the investment shares into corresponding shares. According to our respective share ratios, we then convert them into the shares you need to sell."

Guan Qiuhe said a long series of words that seemed like tongue twisters.

Then gave an exact number: "I used the simplest algorithm.

The company’s assets are valued at 400 million yuan, and three investment shares are valued at 70 million yuan, which is equal to 17.5% of the assets. If you take out your shares, you can sell me 7% of the shares. "

After that, Guan Qiuhe looked towards Fang Nian and said casually: "However, this method does not consider valuation and future value at all."

As a person with strong mathematics calculation ability, Fang Nian said in the blink of an eye.

"That said, how do you ensure your income? According to the current development and analysis, the value increase of these investment shares will far exceed the value increase of the company's valuation."

According to Fang Nian’s known situation, two of the three investment shares currently counted as 70 million worth:

The value of the shares of Mojang and Riot will increase from the 60 million that is now calculated to more than 1.1 billion RMB in a few years.

Fully increase 18 times.

In fact, the most pleasant surprise is South Korea's 21% stake in Eyedentity.

It will be worth about RMB 100 million immediately.

Because in the original history, Leftover acquired Eyedentity for US$95 million in the second quarter of this year.

This is also something Fang Nian remembered recently. When he stabbed the knife with his backhand last year, he did not expect such a gain.

In just over half a year, the value increased 14 times and thieves were stimulated.

Therefore, even if ‘greed for fun’ can quickly become a company worth tens of billions of yuan within a few years, 7% of its shares are only worth 700 million, a difference of nearly 600 million.

If Fang Nian didn't say this, he would lose 600 million Yuan Qiuhe when he changed hands, and it was not a valuation, it was real money.

In other words, Guanqiuheguan is always at——

I took the initiative to sell myself and helped the buyer count the money.

Is active.

It's not that I was sold and paid for the money.

Seeing Fang Nian's serious look, Guan Qiuhe looked confused: "It's not quite right."

"According to your plan for ‘greed for fun’, it’s worth 10 billion in the medium and long term, and it’s ten times that when you change hands. Do you think I have no income?"

Fang Nian was too lazy to bother with this question, and said directly: "You personally invest 28 million to buy 40% of the future earnings of these three shares."

Guan Qiuhe's eyelids twitched: "How do I think you are doing charity."

"Don't worry about this." Fang Nian waved a big hand, "I am too lazy to cheat you, and I hope you can use your talents to help the frontier angels make money."

Although Fang Nian will lose some money no matter what.

Because the direction was given by Fang Nian, but the negotiation was conducted by Guan Qiuhe, and each had to pay.

Guan Qiuhe pondered a little: "Then, if I give out 28 million, you will only transfer me 4% of the shares."

"By the way, a simple algorithm is used to introduce the Pre-A round of investment by cutting-edge angels:

After excluding this part of the assets, the value of ‘greed for fun’ was 372 million, and the frontier invested 28 million, accounting for 7% of the shares, and our shares were diluted proportionally.

At the end of the investment, the two of us took out 10% of the total equity as an equity pool to attract the A round of investment.

Friendly negotiation valued the value of ‘greed for fun’ at 550 million. You use 5.08% of the shares in exchange for 28 million of the financing. The shares are put into the equity pool. You and I put out a total of 4.92% of the shares into the equity pool. "

While listening to Guan Qiuhe, Fang Nian mentally calculated the shares after the entire process:

First of all, after Pre-A, Fang Nian still has% of shares, and Guan Qiuhe's shares become %.

Finally:

Fang Nian: 44%, Guan Qiuhe: 38.5%, Frontier Angel: 7%, equity pool: 10%;

And, 0.5% of the ice frog's hand has not changed during this process.

In the process, Guan Qiuhe lost 1% of the shares and paid 28 million in cash.

Fang Nian apparently lost 16% of his shares.

In fact, they used 9% of the shares of ‘greed for fun’ and cashed out 28 million to inject the frontier angels;

And take away 60% of the final income from investment shares worth 70 million.

The process of turning left hand to right hand actually pushed up the company's valuation.

With the rounding algorithm, everyone is not losing, and everyone is happy.

As Fang Nian counted, his eyes widened, and his heart called for the insider.

"You are really born to have business negotiation meals. The whole transaction revitalized all the things I have to do."

Hearing this, Guan Qiuhe said indifferently: "It's nothing more than the fact that tourists go to the town to spend 100 yuan to stay in the store, and finally are not satisfied with the check out. In the process, the original store in the town has cleared the debt of the original store."

"It's just that I changed the story and transferred the money to you, allowing you to temporarily solve the company's shortage of funds."

Fang Nian agreed with him, and looked at Guan Qiuhe with a smile: "So, have you settled the ‘greedy and fun’ financing exit mechanism?"

Guan Qiuhe nodded: "The draft is finalized. You can read it first, and then ask for legal support."

He took out a few pieces of paper from his bag and handed it to Fang Nian.

Fang Nian glanced twice: "Yes."

In fact, the shortest period of financing withdrawal was agreed, and Guan Qiuhe limited this period to the next two rounds after the current round of investment.

For example, the frontier angel is Pre-A, and it needs to go through the A round and can withdraw only after the B round of financing is successful.

In addition, of course, it also stipulates different situations of the exit mechanism, such as whether the company is short of money, etc.

In short, through simple exchanges between Guan Qiuhe and Fang Nian, many problems were resolved and the interests of both parties were basically ensured.

This is a complex loop operation, and the specific process is obviously more complicated, but these are issues that professionals should consider.

It can be regarded as a multilateral acquisition and cooperation case.

Fang Nian handed the draft back to Guan Qiuhe, and the expression on his face suddenly became interesting.

"Then the question is, where did your personal 28 million come from, Sister He?"

Then he added: "And time is tight, we must quickly push up the valuation of'greed for fun';

Launch the game platform at the right time and introduce A round of financing, so as to vigorously develop the game platform to achieve a greater degree of win-win situation, and prevent the platform from being targeted at the beginning of the launch. "

After the words fell, Fang Nian found that Guan Qiuhe looked at him with a smile.

Upon seeing this, Fang Nian spread his hands: "I have no money."

"If I, or the frontier company, have money, we don't need to play this left-handed-to-right trick, it's nothing more than signing a share contract in private."

No matter how it is converted, 28 million must be available.

It’s not ‘greedy for fun’.

But the frontier is missing.

Anyway, in the final analysis, we must abide by four words: public and private are clear.

Guan Qiuhe looked calm and said: "I don't have enough cash in my hand, and I can't get a loan, but I can complete this transaction through lending."

"Or there is another form."

Fang Nian waits for the following, Guan Qiuhe is very shrewd tonight.

Sure enough, when it comes to their own talent points, they are directly different from two people.

Because this series of processes is not a business negotiation?

Isn’t that the ability Fang Nian most anticipates?

Guan Qiuhe went on calmly: "It's very simple, ‘greedy for fun’ guarantees Frontier’s company and borrows tens of millions from the bank. Frontier’s company uses this money to invest in ‘greed for fun.

I personally make an IOU of 28 million to Frontier Angel Investment, and deduct the 28 million when the final benefit is settled. "

After listening, Fang Nian felt a little familiar inexplicably.

In his memory, something similar seems to have happened.

It looks like an operation when a large company packs and sells assets, helping the buyer borrow tens of billions from a designated bank before completing the transaction.

Thinking about it, Fang Nian smacked his lips: "Sister He, you are all technical work, you deserve a reward!"

This hand left hand to right hand + guarantee loan + empty glove white wolf is simply a classic operation.

The money is still in circulation, but no one has gotten it on ~www.ltnovel.com~ and the eldest brother does not say the second elder brother, they are all empty gloves.

Guan Qiuhe rolled his eyes, not wanting to talk to Fang Nian very much.

"In short, the process is like this, everything can be handed over to professionals."

Fang Nian nodded without hesitation: "Indeed."

Guan Qiuhe looked at Fang Nian and asked, "Any other things?"

"Yes." Fang Nian said without hesitation, "Since the negotiations between Frontier and ‘greed for fun’ have been completed, the shortage of funds for Frontier has also been resolved.

I wondered, Guan is always rushing to work part-time? "

Guan Qiuhe raised his eyebrows and looked at Fang Nian, and laughed: "How can you invite me to work part-time? You are treating me like a cow!"

Then he said: "I just help you solve the problem of shortage of funds!"

Thinking about it carefully, Fang Nian was also a little embarrassed, and finally blurted out with a smile: "Those who can do more."

There is a bit of gloating in the laughter.

Fang Nian then looked at Guan Qiuhe and glanced up and down: "You pay more attention to the gossip in these two days, don't let the opportunity slip away."

"Like Lei Zhe and Wang Xing, if they want to start a business, the capital they entered during the seed round may not be too large, and the frontier should be able to afford it."

Hearing this, Guan Qiuhe nodded: "Don't worry, I will pay attention to the people you mentioned to me."

"You don't have to worry about these things too much."

Before parting, Guan Qiuhe gritted his teeth: "President Fang, you must have been the chief butler of the big landlord's house in your previous life, the kind who specializes in calling people!"

Fang Nian was amused: "I'm still a housekeeper anyway, you just treat yourself as a maid."

Guan Qiuhe: "!!!"

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PS: This set of financing and share swap operations does not involve complicated operations, but I have seen many cases.