Rebirth 2004: I can make money by writing.

Chapter 356: Fireworks in the World Series A financing, post-investment valuation of 150 billion yua

Hao Qiang plans to invest in the semiconductor industry.

Before taking any action, he must consider the possible sales restrictions in the United States to avoid the dilemma of being unable to purchase automotive chips in the future.

Although the construction of the wafer factory has not yet driven the United States to extreme measures,

But no matter what, we need to be fully prepared and plan for the worst.

He called it the "future chip strategy", which is mainly divided into three steps, and all three steps are carried out simultaneously.

Chip design software, raw material wafers, chip manufacturing equipment and processes.

Regarding high-end chip design software, since the project was launched in November last year, Hao Qiang is confident that it can be developed before the middle of next year.

The above is the first step.

The second and third steps, namely the construction of the wafer fab and chip factory, began this year, and after the Pengcheng factory began to be put into use, it began to recruit relevant talents.

The above are all basic work. When Hao Qiang has not yet obtained semiconductor technology from the technology store, it is unknown when the wafers and chips can be officially put into production.

During this period, we may even face sanctions from the United States.

Hao Qiang plans to independently develop and produce equipment.

Even if the technology is available, it will take at least three years to achieve mass production if everything goes well, which means around 2013.

If the research and development does not go smoothly, it may be delayed until around 2015, or even after 2020.

Hao Qiang has enough patience and can bear such losses even if he cannot purchase automotive chips within two or three years.

But if it is delayed until after 2015 and we cannot buy automotive chips for several years, it will be a headache.

He has patience, but perhaps the employees of the new energy vehicle factory do not have this patience.

Before this, Hao Qiang asked for confidentiality as much as possible.

But one day the secret will be leaked.

He originally planned to wait another year or two before implementing the wafer and chip projects, but he didn't want to wait any longer and wanted to prepare early.

If it is delayed for one or two years, then his future plans will be extended by one or two years.

Moreover, the United States is now in the midst of a financial crisis and is unable to take care of itself.

The next day,

Hao Qiang and Jiang Ying met with Huang Qihe, who was with the Gangcheng Branch of Guosen Securities, in their office.

"Mr. Hao, your office is really nice." Huang Qi was attentive and forced a smile.

"It's okay, please sit down!" Hao Qiang spread out his hands, motioning him to sit on the sofa, and introduced Jiang Ying to him.

Jiang Ying mainly assists in negotiations and answers some financial questions.

The HR specialist poured tea for everyone before leaving the office.

Huang Qi took a sip of tea, put down the cup, and got straight to the point: "Mr. Hao, we are all acquaintances, so I won't beat around the bush.

We heard that Renjian Fireworks was planning to raise funds, and our company is interested in joining in.”

"This is not a problem. We have been working together for so long." Hao Qiang smiled.

After the polite exchanges, Hao Qiang introduced the project, gave the business plan to Huang Qi for review, and began to discuss the specific details.

Huang Qi asked Hao Qiang some questions, such as financing and listing plans, company development plans, etc.

An hour later, the preliminary negotiations were completed.

The company raised RMB 7.5 million in financing, accounting for 5% of the shares.

The pre-investment valuation is 135 billion yuan.

Next, both parties prepared detailed company information, and Renjian Fireworks Company cooperated with the investor's due diligence requirements.

After the investigation is completed, the two parties will enter into formal negotiations to discuss investment terms and equity structure, negotiate investor rights and obligations, and determine changes in the company's governance structure.

After discussing these, we will draft and review the investment agreement and prepare relevant documents such as the shareholder agreement.

Finally, complete the signing of all legal documents.

Only after completing these can the investment agreement be considered complete.

The company's equity structure will be updated only after the funds arrive.

If there is other financing before the company's equity structure is updated, it will be considered as this round of financing.

Hao Qiang plans to raise 10% in Series A funding, so he still needs to find an investor or investment institution.

The focus of this round of financing is to expand scale and market share.

After the two sides finished talking,

The next day, Future Technology Group announced the news to the media.

In the following days, many domestic commercial banks, investment banks, and private equity funds inquired about financing.

The main private equity funds include Sequoia Capital Huaguo Fund, IDG Capital Beijing Branch, Hillhouse Capital Huaguo Company, etc.

There are those who are optimistic, and naturally there are also those who are pessimistic.

Or they think the valuation is too high.

When the employees of Renjian Fireworks Catering Company learned that the company had raised funds, they were also happy and talked a lot about it privately.

"Our company has raised funds and plans to go public. I wonder if ordinary employees like us will get a share."

"Have a good sleep at night, and you will dream about anything."

"Yeah, I think so too. How can we give shares to ordinary employees? Even the store manager may not get any."

"Of course. The turnover rate among ordinary employees is so high, and it's not a technical job."

"Well, after the company successfully goes public, just give us some red envelopes as a token of your appreciation."

Other employees heard the two employees' discussion and joined in.

"If there's no equity incentive, what good will going public do for the company? It's better not to go public."

"It's about an increase in salary and benefits."

"The salary and benefits are already good now, so it would be great if they don't go down."

"That's true. After all, the dividends are given to the shareholders."

The salaries and benefits of Renjianyanhuo employees are already good. If employees cannot get equity incentives, it feels like it would be better not to go public.

At the same time, they expressed concerns about the listing, fearing salary and benefits cuts.

However, employees and management are helpless about this, after all, they cannot influence the company's decisions.

……

Sichuan Province, Hidilao Company.

The company's general manager Jiang Yong felt a little worried after reading the report on Renjian Fireworks' Series A financing.

If Renjian Fireworks successfully goes public, it will be the first listed restaurant in China.

In the past few days, Hidilao has not yet formed a direct competitive relationship with Renjianyanhuo.

Renjian Fireworks stores are mainly distributed in the south, while Hidilao stores are distributed in Sichuan Province, Henan Province, the old capital and the imperial capital.

However, at the rate of expansion of the two companies, they will definitely become direct competitors in a year or two.

In recent years, Hidilao Company has also been studying the operating model of Renjian Fireworks and imitating Renjian Fireworks.

Not only Hidilao Company, but many catering companies are imitating the real life.

But it's hard to surpass.

Hao Qiang is very famous and Renjian Fireworks has an excellent reputation. The two complement each other, making Renjian Fireworks' business even more prosperous and every store is a success.

A few days later, on March 23th.

Hao Qiang met with several investment institutions to discuss investment matters.

In the end, Hao Qiang chose Zhongguo Industrial and Commercial Bank of China Yuecheng Branch.

The two parties have cooperated before, and Hao Qiang plans to apply for a loan from this bank in the future.

In the A round of financing, Hao Qiang still gave priority to domestic capital.

Unless domestic capital is not optimistic.

As for fund management companies, Hao Qiang has no intention of cooperating with them.

Most fund management companies will quickly sell off their shares once they become pessimistic about the development of their investment companies.

In addition, it has no promoting effect on the company's development.

Of course, the support of these fund companies is still needed before the IPO.

The preliminary agreement in the negotiation with Zhongguo Industrial and Commercial Bank of China Yuecheng Branch is: to raise RMB 7.5 million and hold a 5% stake.

In this way, the total financing in the A round is 10% of the shares, the post-investment valuation is 15 billion yuan, and Renjian Yanhuo can get 150 billion yuan in funds.

As for the investment institution that did not have a successful cooperation, Hao Qiang said that they would cooperate again in the B or C round.

3 month 2 day,

On behalf of Renjian Fireworks Catering Company, Hao Qiang signed a financing agreement with two partner companies.

Once the agreement is signed, the funds will arrive within a week.

After finishing his work, Hao Qiang devoted his energy to writing and gaining experience.

What he wrote was mainly professional knowledge, copied from professional materials, rather than writing novels.

You only need to read it three times and you will basically remember it.

【Writing System】(2009.3.2)

[Level 8: 4070/5000 million]

System Level 8: Every 1 words written = 20000 yuan reward

……

[Wealth: 1157 billion yuan (including unwithdrawn cash and undisclosed stocks calculated based on purchase value)]

Memory: 25

Thinking Power: 26

[Appearance: 20]

[Physique: 21]

【Four-dimensional attribute: 92】

[Free attribute points: 2]

……

There are still 930 million words left to upgrade to level 9 writing system. Hao Qiang plans to spend more time on writing and strive to upgrade the technical store as soon as possible.

Nowadays, it is becoming increasingly difficult to obtain free attribute points, and the time span is getting longer and longer.

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