My Return to Life

"Boom~"

The champagne cork ejected into the air, and the bottle made a crisp sound.

The froth sprayed into the sky.

The unique Champagne color glows in the clouds with the brilliance of intoxicating gold fans.

"Congratulations to Mr. Guan in advance, all headlines tomorrow will be your name." Shen Nier smiled relaxedly with his champagne glass.

Guan Qiuhe took a sip of wine, "Thank you."

The spokespersons of several investment institutions sent congratulations: "Congratulations to President Guan."

"..."

Everyone has a sincere smile of joy.

This luxurious private banquet hall that is not simple has witnessed a capital feast.

It can be said……

All are winners.

In just one year, Dangkang's valuation has gone from insignificant to 104.2 billion yuan, and everyone present has made a lot of money.

Guan Qiuhe, who held Fang Nian shares and was the founder, lost a total of 33% of the shares.

The profit is divided by five investment institutions.

Through the power of money, non-productive capital has a certain right to speak with the equity that it has acquired.

Everyone is happy.

After a brief celebration, Shen Neil waved his hand: "Please enjoy your face tonight."

"..."

Of course everyone will not refuse.

Later, Fang Nian and Guan Qiuhe moved to Dangkang Game Headquarters on the 39th floor and walked into Dangkang again.

After Fang Nian looked around and walked into Guan Qiuhe's office of the chairman, Fang Nian said casually: "It doesn't seem that much has changed."

"What can change, Fang always hasn't come for just a year." Guan Qiuhe said in a sincere tone.

Fang Nian didn't worry, after all, it was a fact.

"..."

There was not much chatter, and Fang Nian quickly started talking about the business: "I didn't fool Shen Neil and the others when I went to the Hong Kong market. Let's prepare."

"At present, the addition of one of our two shares has just touched 67% of the warning line. This is still the 5% of the employee equity pool. Fortunately... we are already ready."

Guan Qiuhe smiled: "To be honest, I really think that your consideration is really long-term, and your preparations are really rich. No wonder your attitude was so clear yesterday. You thought it long ago."

Fang Nian smiled bitterly and shook his head: "It really doesn't count. If Miao Wei doesn't mention such a sharp topic, I must be a good student with an honest duty. I can do whatever I want in the Nuwa laboratory."

Finally, he said helplessly: "No way, it's like licking a dog."

Guan Qiuhe sighed softly and didn't say more about it.

"..."

Before the frontier angel invested in Dangkang, Fang Nian asked Guan Qiuhe to register Dangkang Group in Cayman and adopted the internationally common VIE (variable interest entity) structure, that is, the agreement control structure.

Then, according to the usual practice, two types of common stocks A and B were issued, with different voting rights of the company;

To enable holders of Class A shares to have ten votes per share on any resolution proposed by the company’s general meeting;

Enable holders of Class B shares to have one vote on any resolution proposed by the company's general meeting;

All resolutions related to reserved matters only have one vote per share.

At the same time, in the financing process, different rounds of preferred shares are issued according to the rounds.

Such as Series A preferred stocks, Series B preferred stocks, and Series C preferred stocks.

What has just been completed today is the Series C financing, the issuance of Series C preferred shares, and the settlement will be completed before April 30 as agreed.

but……

These investment institutions have come prepared, and can basically complete the delivery within the last week.

There is no need to issue a C-2 round of preferred shares.

According to relevant circumstances, Class A common shares are all held by Fang Nian and Guan Qiuhe.

The situation of Class B ordinary shares is a little more complicated. After the C round of financing ends, that is, after April 30, 2011, all preferred stock holders have the right to convert the preferred shares into Class B ordinary shares;

Or after listing, the preferred shares are automatically converted into Class B ordinary shares.

all in all……

Under the internationally accepted complex capital equity operation method, with Dangkang's structure, Fang Nian and Guan Qiuhe will lose their absolute right to speak only when their shareholding ratio is completely below 6.7%...

Guan Qiuhe changed his posture and looked at Fang Nian who was looking out the window: "After the stock split, how is the employee equity pool calculated?"

Fang Nian replied casually: "The number of shares held remains the same, and the value of each share is now more than twice the previous value. If there is an opinion that the effort is not enough! Otherwise, you should know that you can get more shares."

"Yes." Guan Qiuhe nodded happily. "It will be a performance encouragement for senior management and senior talents just in the next year."

"..."

Originally, Dangkang’s total equity was 1 billion shares, and the employee equity pool totaled 50 million shares, each valued at RMB 10, accounting for 5% of the shares.

In addition to the 23 million shares shared with some employees, there are 27 million shares left.

In the C round of financing, the total share capital was split from 1 billion shares into 5 billion shares. After financing, the value of each share was RMB 20.48.

The shares in the employee equity pool became 250 million shares.

According to Fang Nian's discussion with Guan Qiuhe, the number of shares held by all employees before remains unchanged, that is to say, it is still 23 million shares, and the remaining shareable shares of the employee equity pool have become 227 million shares.

More specifically, Bingfrog and Wu Hong, the two employees with the largest shareholding ratio, originally held 5 million shares, but now they still hold 5 million shares.

But it directly reduced the shareholding ratio, from 0.5% to 0.1%.

This is a different change from previous financing.

Of course, because they actually hold equity dividends, they are automatically redeemed by the company after leaving their jobs and do not have the right to external transactions, so they still earn it.

For example, according to general rules, if Wu Hong wants to withdraw from Dangkang, the company will redeem his 5 million shares in accordance with the agreement, and the standard method will cost 102.4 million yuan.

Of course, there are actually other agreements that are not so standard. If they withdraw within a certain period, they will definitely not get so much money.

However, unless someone is stupid, they will generally not quit at this point in time.

After all, the 2010 year-end dividend was 3.828 yuan per share.

For dividends alone, Bing Frog and Wu Hong received 19.14 million yuan before tax.

The ice frog is worth the price. The first classic closed beta of a Dota rebirth has brought considerable revenue. It is worthy of being the chief developer of the original dota.

Wu Hong is also pretty good. He is the best CEO since he was greedy for fun to Dangkang.

Guan Qiuhe can spend most of his time on cutting-edge part-time work, thanks to Wu Hongneng for presiding over the overall situation.

The advantage of the stock split is that more shares in the employee equity pool can be used for sharing, which can more beneficially attract high-end talents.

The disadvantage is that the original shareholding employees did not get a proportionally increased share of shares.

If Dangkang's net profit in 2011 is less than 19.14 billion yuan, the dividends they hold on the shares will be lower than the dividends in 2010.

According to Dangkang's net interest rate, the annual revenue in 2011 must be at least RMB 50 billion, and all the net profits must be distributed as dividends.

Obviously, revenue and full dividends look unrealistic.

But it can also be regarded as a New Year's goal.

Of course, the dividends earned by employees’ shareholding are entirely additional benefits, and their salary and benefits themselves are not low.

Coupled with demonstrating its due value, it is not impossible to get new shares.

Generally speaking, from the perspective of company managers, this is a very reasonable way.

The set of "slap a sweet date" will never be out of date...

…………

…………

Soon after dinner, Fang Nian and Guan Qiuhe attended a small banquet organized by Shen Nier.

Although it is similar to a cocktail party, it is not in a public place.

There is no such landmark as Park Hyatt as the frontier angel reception organized by Fang Nian before.

An old house in Huangpu.

Private clubs can be regarded as Shen Nier’s property.

There is no standard specification.

The reason why Shen Nier suddenly proposed to entertain everyone according to a million, pointed out to Liu Qin that Dangkang’s financial statements had a certain relationship with the over one million depreciation of vehicles and ships.

How to put it, everyone thinks differently.

At this banquet, Shen Nier wanted to take care of the face of Liu Qin, Fang Nian and Guan Qiuhe.

Strictly speaking, finance is no small matter.

But there are not too many exceptions, and there are some unspoken rules that more people will follow.

For example, Liu Qin is willing to abide by it, and specifically proposed it.

But from a higher perspective of cooperation, Shen Nier said that one is one, two is two, which does not mean that he does not like such unspoken rules, but thinks more about it.

It can be regarded as completely setting the tone for the affairs of Dangkang Games.

Fang Nian and Guan Qiuhe had no other ideas, so they definitely agreed.

But this is what Shen Nier is. He knows everything and is good at dancing with long sleeves.

At least since Fang Nian met Shen Nier.

So there is this standard set in advance.

Everyone carries the sedan chair, what can anyone say...

In order to make the banquet atmosphere more lively, Shen Nier also took great pains, not only invited some colleagues, but also specially invited some partners.

It's...

Can't squeeze into this circle, but fortunately to be in the "atmosphere group" of this circle.

"..."

When Fang Nian and Guan Qiuhe arrived, some people had already arrived, and Shen Nier smiled and introduced them in the middle.

Everyone exchanged business cards laughing and laughing.

Fang Nian...

Fang Nian has never been here.

He is a college student and asks for a business card.

"..."

In a short while, everyone will be there, not a ‘atmosphere group’, a dozen people.

Host Shen Nier smiled and said, "As far as I know, this is the first time Mr. Fang has been invited to attend a private banquet, so..."

"I specially woke up two bottles of 85-year-old Kande, I hope Fang always likes them."

Fang Nian smiled slightly: "Thank you Mr. Shen for the hospitality."

"..."

Of course he wouldn't say at this time, he didn't like this kind of words too complicated for red wine.

A bottle of 85 years old Kande now costs at least two to three million.

If the 45-year Kandy is pushed forward 40 years, it is estimated to be one or two million.

"..."

Except for Fang Nian, all of you here are master wine tasters. Under normal circumstances, everyone doesn't drink such expensive wines, so it is inevitable that there will be some arty.

Fang Nian did not participate.

The taste is really good, it's not worth the price, I can't comment on it, anyway, everyone at the scene thinks it is worth it.

In the melodious piano music, everyone laughed at Yan Yan.

Shen Nier found Fang Nian specially.

"President Fang, are you interested in setting up a club in Shanghai?"

Fang Nian glanced at Shen Neil and asked in confusion: "What arrangements does Shen always have?"

"Not really, just a superficial idea, let everyone have a place to talk." Shen Nier said seemingly casual.

Fang Nian's thoughts turned twice, his heart moved slightly, and he said seriously: "You can do it, but if you want to do it, you can become a real influence club."

"I hope to form a platform. I have been an investor for some time. It is really not easy to find suitable investment opportunities, so...

I do not want to implement the membership system, but follow the invitation system, not open to the general public, and not for profit;

Openness, sharing, win-win, cooperation..."

Hearing Fang Nian finished speaking, Shen Nier was silent for a moment, nodding his head and said: "This form is better than I thought."

"It's not that complicated." Fang Nian smiled and said frankly, "I actually just hope to form enough influence to better let the cooperation go on and let the company survive."

Shen Nier's face was clear: "After the year, I will make some time to come to Shencheng again. Let's talk more."

"..."

capital……

There is a desire to control.

It is precisely because capital is not involved in production. If you want profits to multiply, you have to constantly take money out of your hands, and then harvest production resources in exchange for benefits, forming a virtuous circle.

Although Fang Nian's words are simple, they have aroused Shen Nier's interest.

It goes a step further than an internal club in Shen Neal's vision.

Fang Nian’s idea is not complicated, he just wants to better define the future and exert influence from some necessary angles.

So as to relieve the pressure of frontier growth.

And what Shen Neil wants is simple.

Make Sequoia's investment scope wider.

As a bystander, Shen Nier saw the huge energy gathered around Fang Nian.

Almost all the top-notch people in the Internet industry have something to do with Fang Nian

Mapo Li, Ma Jack, Robin Lee, Lei Jun, Wang Xing and so on.

especially……

In the era of mobile Internet that has already begun, the name Fang Nian is probably inseparable from the one-third acre of land in China.

This is an advantage that Shen Nier alone does not possess as a capital.

…………

The next day, when it was light, Fang Nian got up and sent Lu Weiyu to Hongqiao Airport.

The original plan to go to Luzhou on Monday had to go to www.ltnovel.com because the inspection was delayed for two days.

After sending Lu Weiyu, Fang Nian saw Father Sun on the way back to the eastern suburbs.

Speaking of tests today, there are still two.

But all in the afternoon.

So Fang Nian had to return to Junting first.

Not long after I got home, I saw a lot of notification messages when I took out my phone.

As Shen Nier and others said yesterday, even behind it was they were pushing things to happen...

"Blast! Several investment institutions have recently invested in Dangkang Games, with a valuation of over 100 billion!"

"The youngest woman in history is born!"

"From obscurity to a valuation of hundreds of billions, this company only took one year and seven months!"

"The style of the youngest woman and the richest man!"

"..."

Not only the news media responded quickly, but the domestically active Goldman Sachs Capital, Sequoia Capital, IDG and other institutions have updated their valuation of Dangkang Games: The huge valuation of RMB 104.2 billion shocked the world.

Dangkang Games has become the most valuable game company in China.

Goose Factory games are not independent, and Dangkang games have no one to compete.

At the same time, some organizations disclosed the general composition of Dangkang Games' shares.

Mention—According to public information, Ms. Guan Qiuhe, the chairman of Dangkang Games, holds nearly 70% of Dangkang Games’ shares and conservatively estimates that the assets are nearly 72 billion yuan.

He has become the current richest man in China, surpassing the 64 billion in assets of the chairman of the richest man a few months ago!

As soon as the news came out, it bombed the entire online world and quickly spread offline...