Global monopoly of technology

Luo Sheng decisively quoted a price tag: "Based on the valuation after the B round of financing, I intend to transfer my personally held 12% of the company's equity and cash out 400 million US dollars."

Chen Tao, the representative of IDG, silently counted the number, and said suddenly: "No, 12% set of 400 million US dollars? This is obviously a lot higher than the B round of financing, which is a valuation of 3.33 billion US dollars, and the B round of financing. But the valuation is $3.25 billion."

Luo Sheng immediately spread his hands and complained again and again: "I said Mr. Chen, all of you are top big VCs. You don't have to look at the small caps if you look at the big market. Why bother about it? Rounding off is the end? Really? It needs to be evaluated according to the process. The current valuation of Bluestar Technology is over 4 billion US dollars. It is not a problem. You still don't let me round up..."

Chen Tao: "..."

Everyone was speechless and wanted to remain serious, but the tone of Luo Sheng's remarks really made people feel jealous.

Although the money can be taken out without much pressure, isn't it good for the wind?Besides, valuations are all fictitious, and now we have to pay real money, can it be the same...

"I toss 12% of the equity for 400 million U.S. dollars, which is not excessive at all, do you have any objections?" Luo Sheng looked at everyone and said again.

A large number of investment shareholder representatives did not answer him. Of course, they did not object. The risk leverage increased, but it also meant increased returns. Bluestar Technology does not say that the prospects will be successful, but the potential for success is becoming clearer and clearer. The core reason why big VCs are willing to be "slaughtered".

Everyone is sensible. Needless to say, Luo Sheng added: "OK, you can talk about how to eat this 12%. If it is inconvenient, I can avoid it."

Meng Qiu stopped and said: "Oh, come on, I have to avoid anything. I have never seen such a bad, half-way gangster. This is the first time that Goldman Sachs'planted' such a somersault. It can only follow you all the way on your thief ship. When it’s dark, let’s go and see whether it’s sailing to the shore of success or the shipwreck."

"This ship will become an aircraft carrier, don't worry." Luo Sheng said with a bright smile, did not leave, and continued to sit, but he suddenly despised in his heart: How many of you who play capital will make a loss-making business?

In the next twenty minutes, several major VCs discussed with each other and reached a consensus in less than half an hour.

400 million US dollars is definitely a huge sum.

Luo Sheng transferred his personal 12% stake in Bluestar Technology, which was endorsed by six investment institutions including SoftBank, Goldman Sachs, Venture Capital, IDG, Morgan's investment bank, and state-owned Huajin Securities.

That is to say, each investment institution accounts for 2% of the capital, and Sequoia Capital chooses to voluntarily withdraw. Tengxun can’t spend so much money. Even if it is 2% at the current exchange rate, it will have to invest ¥550 million. Teng Xun can’t come up with so much cash now, and can’t fight cash flow with those VC institutions. This time he came here to get a right to know.

Except for the six investment institutions, the other shareholders came this time basically to accompany the soy sauce.

Qin Weimu helped Luo Sheng to draw up the contract and audit. The two parties successfully completed the equity transfer signing agreement at 15:00 this afternoon. The six major investment institutions increased their holdings of 2% of Bluestar Technology, and Luo Sheng successfully cashed out 400 million US dollars , The funds will not be credited to his account until about a week later. This is a large sum, and financial liquidation also takes time.

This money does not belong to the company’s assets, but Luo Sheng’s personal disposable assets. However, after the transfer is completed, a 20% tax must be paid in accordance with the law. The personal disposable funds actually obtained are approximately 26.35 in domestic currency. 100 million yuan.

The company's equity structure of Bluestar Technology has once again ushered in a new round of changes.

Reserve option pool: 11.05%

Luo Sheng: 45.6%

Teng Xun: 9.45%

Goldman Sachs: 8.148%

Softbank: 7.26%

Venture Capital: 5.51%

IDG: 5.13%

Morgan: 3%

Huajin Securities: 3%

Sequoia: 1%

Other: 0.852%

This time, the equity change of Bluestar Technology Company was not an increase in capital, but an equity transfer. The company’s own assets did not increase or decrease.

The equity of other shareholders remained basically unchanged. What changed was Luo Sheng and the six major investment institutions. The former sold 12% of the equity to cash out 400 million US dollars, and the latter each bought 2% of the equity to increase their holdings.

Luo Sheng’s personal ownership of the company’s equity has dropped to 50% for the first time, but he and his management team still hold more than 56% of the company’s equity. Even if the equity held by the management team is excluded, only Luo Sheng’s personal holding is still To maintain absolute control of the company, he absolutely controls the shareholders' meeting and the board of directors, and the supervisory board also has his own people.

...

Meng Qiu looked at Luo Sheng with a smile, and said, "Hehe, President Luo, I have to say that you have eaten up the capital to death. Bluestar has not yet IPO you have set up 400 million US dollars, and you still have absolute possession of the company The right to speak, this is the greatest connivance of founders I have seen in the investment industry. I hope you can bring investors a rate of return that matches it."

Luo Sheng smiled and replied: "To be honest, if time is not waiting for people, I will wait until the company goes public."

Meng Qiu took a surprised look at him: "So in a hurry? Well, if you don't like to hear, you want to make a name in the ICT field from scratch... 400 million US dollars, not even that. More than 300 million points after tax, nothing can be spent without adding a zero at the end."

As long as it's not taking investors' money to toss, let's do it, it's better to have a blood loss, and quickly come back and honestly develop Bluestar Technology.

Speaking of this, Meng Qiu shook his head straight and added: "Even $3 billion may not be able to play a big name. How many times can you toss the existing equity in your hand? Right?"

Luo Sheng didn't mind his face-to-face attacks like this, and said with a smile: "One time is enough, who knows? Sometimes I do it, maybe I'm lucky?"

Meng Qiu shook his head with a laugh, and just greeted a few words casually. After the matter was settled, he left. The shareholder representatives who came this time also left.

The news that Luo Sheng successfully cashed out RMB 3.3 billion (before tax) with a 12% equity transfer spread like wildfire. For a while, the news spread quickly in the industry like wings.

Major domestic media reported on this, once again shocking the industry.

Many veteran practitioners in the industry just wake up and wonder if something is wrong in the world.

Are those capitals crazy?

Or does it mean that there are relatives of Luo Sheng in those investment institutions?

Why?

Bluestar Technology has not yet gone public for an IPO, and he has successfully cashed out RMB 3.3 billion. Even if the company is finally gone, Luo Sheng will definitely not lose. The money is already in his hands, and it is an astronomical figure.

For countless entrepreneurs and start-up companies worrying about funds, this news is full of deep malice.

People are really more popular than others. When I get up early in the morning to see this kind of news, many entrepreneurs want to scold their mothers.

For Luo Sheng, I don’t know how many people are envious and jealous. This 3.3 billion is no longer a virtual valuation, but real money. More importantly, such an astronomical figure is not a company’s assets, but a personal net asset.

This has also made Luo Sheng once again the focus of the news media. At the age of 19, he has created a wealth that 99% of people in the world cannot reach, becoming the youngest billionaire in China and even the world. Successfully entered a member of the domestic RMB 1 billion club.

The legend is, still in this incredible way.

With a personal net worth of RMB 2.6 billion, he successfully squeezed into the top 25 of the domestic rich list. It only took more than a year of struggle to create this wealth myth, and he is currently a popular candidate for the richest man in the country. Luo Sheng also holds nearly 45 shares of Bluestar Technology. Once the IPO is successfully completed, his personal wealth will once again usher in a terrorist surge.

Even though Luo Sheng never accepts any media interviews or participates in any program interviews, the media still favors him, and there are continuous news reports about him.

Such people, such things, have too much news effect.

...

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