My Fintech Empire

In the office, after Xu Jingren asked how much to raise, Fang Hong said bluntly: "This time Qunxing Capital is not financing, but directly pays for the equity in our hands, that is, the equity in the hands of our founder team is transferred to Qunxing Capital."

Capital increase and share resale are two different things. The former is the company's assets, while the latter is an individual equity transaction.

Xu Jingren was very surprised, and he didn't expect that Qunxing Capital wanted to buy their equity instead of financing the company, so he immediately asked, "How much does Qunxing plan to buy?"

Fang Hongru said: "Currently, I hold 7.245% of the equity of Quantum Beat, and you and Lou Gaoyuan each hold 6.279% of the equity. This time Qunxing Capital requests to acquire 4.029% of the equity from each of the five of you. , I sold 4.995% of the shares and bought them at a valuation premium of about 5 billion yuan."

Just when Xu Jingren was calculating immediately, Fang Hong said directly: "That is to say, each of you five sold 4.029% of the equity to cash in 200 million cash flow, and I exchanged 250 million in cash, and we each got The money is not the company's, but the money in your own name, and of course the corresponding taxes and fees have to be settled."

After completing the change of hands, the five of them will be able to obtain a sky-high cash flow of 200 million yuan, and at the same time, the equity held by each person will drop to 2.25%, which is a proper life and financial freedom.

Fang Hong definitely did not treat them badly, and this is also giving them a reasonable return.

Without Fang Hong, it is still unknown whether they would be worth over 100 million today.

Let them cash out 200 million yuan and still hold a 2.25% stake in Quantum Beat, hoping that they can continue to work.

Xu Jingren calculated and said to himself: "In this way, each of our co-founders holds 2.25% of the shares, which together account for 13.5% of the total equity, 9.66% is reserved for the option pool, and Qunxing Capital's shareholding rises to 76.84% %proportion……"

He calculated that Qunxing Capital holds Class A shares, that is, 1 share with 1 voting right, while the founder team holds Class B shares, that is, 1 share with 20 voting rights.

In other words, the founder team holds 13.5% of Class B shares with 75.73% of the voting rights, far greater than the two-thirds majority of 67%. Even if the founder team holds 13.5% of the shares, it still has absolute control over the company.

Xu Jingren did not forget that among the founder team, Fang Hong still had a guaranteed one-vote veto in Zhang's hand. The team handed over this one-vote veto to him, so that when everyone's opinions diverged, Fang Hong's decision would prevail. allow.

In the end, Xu Jingren put away his thoughts and said bluntly: "The Stars Capital is quite kind. I have no problem. Cashing out 200 million yuan happens to be able to arrange all the luxury houses and luxury cars. Gao Yuan and the others must have no objection."

Hearing this, Fang Hong said with a smile: "Look, Qunxing Capital expected you to have this idea."

Xu Jingren couldn't help being slightly stunned: "Huh?"

Fang Hong said in an orderly manner: "There is still a prerequisite for cashing out 200 million yuan. Qunxing Capital is worried that we will be lazy and lose the spirit of struggle after cashing out hundreds of millions of funds to achieve wealth freedom, so Qunxing gave two solutions."

Hearing this, Xu Jingren immediately said, "Why are there still conditions? What solution?"

Fang Hong nodded and said: "The first solution is, after we cash out, we will take 5 million yuan out of it to improve our lives, and the rest of the money will be handed over to Qunxing Capital for capital-guaranteed and interest-guaranteed financial management. Ten years later, it will be cashed to us with the principal and interest.”

Xu Jingren couldn't help complaining: "Still Qunxing Capital can play, there are really many routines."

Fang Hong said with a smile: "After all, they also want to protect their own interests. They are worried that we will lose motivation when our wealth is free, but it is still very kind to manage money with an annual interest rate of more than 7 points. Cashing out can double your income.”

200 million cash out, personal equity transfers have to pay 20% taxes and fees, 160 million will be obtained, 5 million of which can be used to improve life, and the remaining 155 million will be handed over to Qunxing Capital for capital preservation and interest. With interest, RMB 321.84 million can be cashed out, doubling the income.

The most important thing is to return 7.58 percentage points of interest with guaranteed capital and interest. This is risk-free financial management. Investment and financial management that can guarantee capital and interest with more than 6 percentage points is either a liar, or it is impossible to have such a financial product.

Xu Jingren immediately asked, "What about the second solution?"

Fang Hong replied: "The second plan is very simple. After cashing out, retire directly, hand over the company's operating rights to Qunxing Capital, and the remaining 2.25% of the shares can be sold or not."

Obviously, Fang Hong gave two plans, and then gave them the right to choose to decide whether to stay or not.

It’s okay to stay and continue to work, but you need to continue to struggle and you can’t enjoy it. If you want to enjoy life, well, cash out 200 million and do whatever you want. No one cares about how chic you want to be, but Quantum Beat The management rights have to be handed over.

After hearing the second plan, Xu Jingren said without hesitation: "There is no need to consider the second plan. I have never thought about handing over the company. I still want to make the company reach a volume of 500 billion or even trillion yuan." , Boss, you tell Mr. Cao or other people involved in Qunxing Capital that if Quantum Beat left the founder team, they may not be able to manage well. The founder team is the one who understands Quantum Beat best. It is not limited to 200 million."

If the company reaches a volume of 500 billion in the future, even with a 2.25% stake in its hand, its worth can soar to the 10 billion level.

Xu Jingren made it so clear that Fang Hong, as the big boss of Qunxing Capital, is actually quite satisfied.

I am not afraid that he has ambitions, but I am afraid that he does not have ambitions.

After a while, Xu Jingren called Sun Xin and Lou Gaoyuan over to discuss the matter together.

In the end, everyone unanimously agreed to transfer the equity in their hands, and chose the first plan. The process was much smoother than Fang Hong expected.

So far, Qunxing Capital holds 76.84% of the shares of Quantum Dancing, Fang Hong, Xu Jingren and other six co-founders each hold 2.25% and the remaining option pool is reserved. Qunxing Capital will not increase or decrease its holdings. The six co-founders will also not reduce their holdings anymore. The only change is the 9.66% equity reserved for the option pool, which is an equity incentive reserved for other employees of the company.

After Quantum Beat completed a new round of equity changes, it will be split and reorganized. The Weibo product will be split off to become a subsidiary company, and the parent company is Quantum Beat.

After the spin-off, the subsidiary of the Weibo project will start financing with external capital, and then go public through a backdoor.

Quantum Beat’s current book liquidity is more than 300 million yuan. After the spin-off and reorganization, this money will not be transferred to the name of the split Weibo subsidiary, but will still remain in the name of the parent company Qunxing Capital.

Fanghong intends to use this money to start the WeChat project. The WeChat project will also be split out, and Quantum Beat will set up a new project company to develop the WeChat product. At that time, it will still get the big A to go alone listed.

As for the development funds needed for the current Weibo, refinancing is enough. Qunxing Capital will not lead or follow the subsequent financing.

From now on, Qunxing Capital will not give any financing to Quantum Beat, and the company’s development money will wait until Weibo is successfully listed, and then during the super bull market in 2015, the parent company Quantum Beat will sell some microblogs in the secondary market. Bo's stock is used for the development of the enterprise.

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In the next few days, Xu Jingren's team maintained the company's operations on the one hand, and on the other hand began to prepare for the company's spin-off and reorganization, splitting the Weibo project into an independent company and establishing a subsidiary.

On Wednesday, October 7, Quantum Beat officially issued an announcement, announcing the company's spin-off and reorganization, and the separation of the Weibo business group, which will be absolutely controlled by the parent company Quantum Beat.

At the same time, a new round of financing plan was announced to the public, but it is worth noting that this financing is for the financing plan of the Weibo subsidiary, not the parent company Quantum Beat.

As soon as the news came out, various venture capital capitals cast their eyes one after another, and they went through a series of announcements made by Quantum Beat on the same day.

Zhongtai Capital was the first player to jump out and shout to get in the car, but Liu Qizheng did not go to Xu Jingren, but went directly to Huayu, the bright head of Qunxing Capital, and called Huayu to express directly Zhong Tai Capital's intention to get on the car.

There is nothing wrong with Liu Qizheng's operation. In his opinion, as long as there is no problem with Huayu, there will be no obstacles to investing in Quantum Beat's Weibo project subsidiary.

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