[BALT4 Giant]
Investors are so refreshing, Luo Sheng has no hesitation, and quoted on the spot: "Based on the valuation of Bluestar Technology after the financing of 5 billion, the sale of 12% of the equity financing of 600 million, which is 72 million US dollars. "
Hearing this number, Xu Chenghua sighed with a sigh of anger in her heart, with a bitter smile in her heart and no money.
A group of investors quietly checked in their hearts. Luo Sheng's valuation of the company was almost less than their estimates, a little higher, but it would not be too expensive for VCs such as Goldman Sachs and SoftBank. More tangled.
At this time, Chen Tao looked at Luo Sheng and laughed: "General Luo, I have no opinion on the valuation, but can you sell more shares for 20%, 1.2 billion, and a valuation of 6 billion."
After hearing the words, Luo Sheng smiled and shook his head, "Even if you are willing to give it, I ca n't spend so much money. This is not a waste of money. For the time being, it will be 600 million yuan. If it is spent in advance, President Chen will follow Round financing cannot be absent. "
Lao Chen also said casually that knowing that Luo Sheng is the master of personal ghosts, is a rare, extremely cunning little fox, and it is harder to get a benefit from him than to reach the sky.
The other people attending the meeting couldn't help defaming their hearts. It was a real hell. There was a horse boss who had a raccoon baba before, and now another one has emerged. This year, there are still investors who think they have given too much money.
What's more terrible is that the founder over there still thinks that there is too much money? If this is spread out, how embarrassing it is for those entrepreneurial teams who are looking forward to attracting investment all day.
You know, the current market, although the industry is saying that the winter has gone, is picking up.
But just look at how many companies have raised funds in the capital market. It's still cold, and many companies' loans and financing are more difficult than ever.
As for Bluestar Technology, that is the exception.
There weren't many accidents. After watching the audited financial statements prepared by Luo Sheng, the major VCs checked the third-party audit team they sent, and everything was exactly the same. Luo Sheng didn't fool people, and the investors also Without doubt, consensus was quickly reached.
This round of round A financing was led by the newly entered Goldman Sachs Capital, which is also much faster than the previous round of pre-A round financing.
The six newly-added VCs except Goldman Sachs Capital are basically inaccessible. It is so simple to take money to take equity. They do not agree. Li Yan must wait for one to share this piece of cake. Blue Star Technology is now the capital of the capital. Alas, the kind that is not too much to come is the most dazzling star in the current depressed market.
After the Series A financing, Bluestar Technology's shareholding structure was:
Option pool reservation: 12.28%
Luo Sheng: 57.59%
Xu Yong: 6.39%
Tencent: 9.37%
SoftBank: 4.45%
Goldman Sachs: 3.35%
Venture Capital: 3.13%
IDG: 2.8%
Other: 0.64%
The 12% equity transferred in this Series A financing will also be automatically converted from Class B equity to Class A equity without voting rights.
The major investors contributed capital based on their shareholdings. About two hours later, Luo Sheng completed the agreement signing with the major investors, and the funds would be credited into the company account on time after ten days.
The 600 million yuan is not a small amount. It naturally takes a little time, but the efficiency is also fast.
With the successful completion of the Series A financing, shortly after the signing ceremony was completed, news had spread in the industry.
Bluestar Technology successfully obtained 600 million yuan, excluding exchange rate changes equivalent to approximately 72 million US dollars in financing, the company's valuation is 5 billion, and so far in the domestic Internet industry is the only unlisted company with a valuation of more than 5 billion.
The news of the behavior here is just a few days after the screen was swiped, and then another well-known Internet company was also revealed to have completed a huge amount of financing.
That is, Atan Baba successfully obtained a third round of financing of $ 82 million, which is $ 10 million more than Bluestar Technology. The news passed into Luo Sheng's ears, which also surprised him, because he remembered that the third round of financing of Atan Baba should start next year, and it is obviously more than half a year earlier.
Luo Sheng found that most of it was because of his appearance that the world has quietly changed.
The birth of two huge financings before and after almost occupied the front page of the industry news. Among them, people paid particular attention to Softbank Capital and found that Softbank Capital participated in these two huge financing events.
SoftBank's investment in Bluestar Technology exceeded US $ 15 million, which was the second investment after Goldman Sachs Capital in this Series A round of financing. Among the US $ 82 million in Alibaba's financing, the Softbank family lost US $ 60 million.
Within a few days, there was another news of the third financing, which was Shanda. The VCs involved in the financing had the shadow of Goldman Sachs and SoftBank Capital.
Wall Street is particularly keen to invest in domestic Internet startups. The birth of these three investments has once again heated up the Internet industry.
The four most well-known unlisted companies in the Mainland are Baidu, Tencent, Ajue, and Blue Star. The media in the industry have been accustomed to categorizing these four companies as "BALT", which are called the four unlisted domestic Internet companies. The big giants are all optimistic about the investment community.
Among them, the most talked about is Blue Star Technology and its founder Luo Sheng. From the start of the company in February to the current round of financing of $ 7,200, it took less than eight months to complete the other three. Internet companies have a history of more than three years.
The rapid rise of Blue Star Technology is on the one hand, and on the other hand, the reason that attracts worldwide attention is the founder Luo Sheng, who dropped out of Fuda to start a business and is still about 19 years old.
At this age, everyone else is gilded on the university campus, and is in love, and he has started a company with a valuation of 5 billion.
Don't be too topical.
However, for Luo Sheng himself, he did not pay attention. The media wanted to interview him. Many media organizations issued invitations to interview him, but apparently, he did not have any time to accept such meaninglessness. Interview.
...
In early October, Golden Trade Building, Blue Star Technology's internal high-level meeting.
Luo Sheng held a meeting, and the senior management of more than ten companies including Xu Yong, Feng Yi, and Qin Weimu arrived in the meeting room on time. Half of Bluestar's current core management team was promoted internally and half Professional executives identified through commissioning headhunting companies. Most of these professional executives are under 35 years old. There are domestic people and foreign executives who joined only a few days ago.
From the beginning, Luo Sheng's structure has been focused on globalization. The company has grown and expanded, and overseas employees must be indispensable.
As the meeting started, Chief Operating Officer Zhang Bowen took the lead to make a brief report on basic data: "As of now, the global user volume of Blue Space (Overseas Bluespa) has exceeded 100 million three days ago, of which overseas users It reached 6.5 million and the North American market reached 4.75 million. "
Luo Sheng, the chief of the meeting, nodded, facing everyone: "Everyone present here is the core management of the company. We can't treat BlueSpace as a service, a simple website, but a basic platform. The scale will be as huge as the Internet itself, and this is the ideal we are fighting for-linking all humanity. "
Speaking of which, Luo Sheng looked at the only foreign executive who attended the meeting and said, "... So, the expansion of the overseas market cannot be slowed down, it can only be accelerated, the investment cannot be reduced, and it can only be increased. A round of financing Earned US $ 72 million, the company will not be short of money before closing this year. Pay attention to the localization of products in the local area. Overseas expansion is mainly based on hiring overseas employees. Cross-sectoral divisions are established to respect localization and local cultural practices. The requirements are simple, dominant! "
Luo Sheng also addressed to all the participants, adding: "The company's next core strategy is still to expand and open to the public. It happens that instead of receiving a lot of user feedback, then college students are allowed to send high school students at the request of users Add them as their friends. The company 's expansion plan is mainly based in Greater China and taking into account overseas markets. Our company is positioned as a global Internet technology company. If we only focus on a single regional market, what else can we talk about connecting all humanity.
At this time, the only white executive of the company, named George Charles, spoke to Luo Sheng and said in English: "Uh, forgive me for interrupting your words, BOSS, but I think there is something worthwhile to ask you report."
Speaking of, it 's not easy to land in North America when the blue space goes to sea. Its endorsement is even more powerful for business development in the North American market.
Luo Sheng looked at George and naturally stretched out his hand, "Please."
George Charles nodded, and then said, "According to what I have obtained, last month or so in September, Silicon Valley launched a website that closely resembles the BlueSpace social model and received a $ 2 million venture capital investment. "
As soon as Luo Sheng could not help but frowned, "Facebook" popped up in his mind for the first time. Shouldn't it be Xiaozhan that jumped out?
After a while, Luo Sheng asked: "What is the website name? Who is the founder?"
However, even if he jumped out, Luo Sheng was confident to put him on the ground and rub him.
George Charles immediately responded: "The domain name of the website and the founder is Chris DeWolfe. I have visited this website, and it can provide users with multiple functions such as making friends, sharing personal information, and instant messaging. All-in-one interactive platform. By creating a private community on MySpace, you can share photos, logs and hobbies with common friends, see who each of those friends are, or how everyone is connected ... "
Xu Yong, Feng Yi, and others in the conference room could understand English, and all of them were dull when they heard George's words.
After being quiet for a while, Xu Yong said helplessly: "Well, there is one in the country, and another one is 51. Now North America, the largest single overseas market, has also emerged. The industry is ready to take the heart to touch me Xing Technology crosses the river, this group of people are behind us, and you accidentally hit a knife on your back, Mara has a hip. "