Reborn multinational giant

For several months, Su Xiaohua has been in contact with various venture capital institutions and investors to pave the way for fast-track B-round financing.

Gif Express was born three years ago and two years ago because its predecessor, Gif Express, completed Angel Wheel and A Wheel financing, but because of the positioning of the products produced and shared for positioning gif pictures, Gif Express has not been warm.

This has also led to unsuccessful financing of fast-track procedures, and is one of the reasons that directly prompted Su Xiaohua to push fast hand switching short television.

Traditionally, venture capital has always loved investment ventures and popular fields. Currently, short-term TV is one of the hottest ventures for entrepreneurship. Quickly convert short-term TV. Round B financing should be smooth, right?

Sure enough, as Su Xiaohua thought, less than two months after the fast-track switching of the short video, Venture Capital Company came to the door to invest in the fast track. At that time, the short video tap application Jiaoyin had begun to be used in the domestic fire. A variety of short video applications and start-up companies nationwide, such as Spring after the rain, appeared half after half.

Fast hand positioning in grounded air short video product positioning, while quickly accumulating more than a million users for Fast Hand, also has been sought after by many venture capital companies.

IDG, Gao Jing Capital, Huaxing Capital, Jiyuan Capital, Shun for Capital, and Morning Xing Capital and Redwood Capital, which successively invested in Fast Angel Wheel and Round A, all conveyed to Su Xiaohua their intention to participate in Round B financing.

Compared to the coolness of the capital market for gif fast hands in the previous two years, the quick hand of transforming short TV has become the fragrance of major venture capital companies!

Reasonably speaking, there are so many venture capital funds competing for investment. Su Xiaohua and Fast Hand should have long been happy. They should have accepted the investment and completed the B round of Fast Hand financing.

However, Su Xiaohua managed to control the urge to accept the investment immediately. Even now in the Fast Track company account, he only had less than two months of employee salary funds, and he persisted in waiting.

He's waiting for the crowd to win the capital and the crowd. He's waiting for the B-round financing of these two fast pitchers!

Being pursued by a bunch of top venture capital companies but not accepting it, I want to get on the pole and wait for the crowd to win the capital and the investment of Huizhou. Other entrepreneurs need to know about this. I'm afraid that Su Xiaohua must be bragging about it, or it's too stupid and naive, and the money is delivered.

What's stupid if you don't take it?

For this matter, Su Xiaohua has his own insistence and consideration. The financing history of a start-up company, from angel round to ABCDE round, each round has a completely different meaning and consideration.

Angel wheel, usually when the project is not online or just launched, the money of angel wheel is charcoal in the snow, it can help entrepreneurs and entrepreneurial projects to go online as soon as possible, or finish cold start in the early online, accumulate a certain amount of seed users.

Round A, the basic logic of the general venture capital company's investment in Round A, is that the project must have come online and completed a cold start, accumulating a certain number of seed users, the project product logic and demand have been verified, the project has a small amount of data showing and performing the project potential.

The funds transferred to Round A are intended to help the project expand and grow rapidly, and allow the project to enter a rapid development and growth period.

At the same time, most projects also need to complete the validation of the business model in this round. If the business model is not recognized, the subsequent financing will become extremely difficult. Except for the right, the data growth curve of the project is very beautiful.

For most internet projects, these data mainly refer to the speed of user growth, the number of daily active people, the number of monthly active people, the next day, the seventh day, the month retention, etc., such as jitter, the fast hand after the transformation, even if they are not profitable now, but only their users continue to grow rapidly, a variety of venture capital funds and investors will tend to be similar.

Dozens of years after the birth of the Internet, the idea of user = money has been deeply embedded, just enough users, the way to make money will always appear!

Fast hands before the transformation can no longer melt money after Round A because it has neither a reasonable profitability model nor a beautiful user growth curve.

Rounds B and C, these two rounds of money, are generally used to expand the market and defeat competitors in the market, while Rounds D and E are prepared for pre-market equity restructuring. Many early investors have exited in both rounds, and some giant investors have entered these rounds.

For many projects with insufficient ceiling, it is possible that they will be listed after round C. For many projects with large ceiling height, it is possible that round D and E financing are insufficient, and there are various types of financing such as E + and F behind them. At this level, the enterprise has reached the level of "big and undiminished”. Investors and shareholders from all sides demand and support the bottom of the enterprise. Even if you lose money again, you can't fall. There is nothing like this in the previous life!

The financing after Round B is too far away for Su Xiaohua and Fast Hand now.

Su Xiaohua insists on waiting for the crowd to win the capital and the investment of Huizhou. Naturally, he hopes that the crowd will win the capital and Huizhou will give the development of fast hands, bringing benefits other than money. For example, the auxiliary development of Huizhou and even WeChat, such as the opportunity of internationalization?

The growth curve of Jiaoyin is visible, with the help of the convergence group. Jiaoyin's growth is like sitting on a rocket, taking a new height every day. And I heard that with the help of the convergence group, the internationalization process of Jiaoyin is also advancing rapidly and steadily. I can only use my own money to smash advertisements and accumulate a little user.

The rate of development of jitter and fast hands has become worse and worse. Now, the gap between the users of the two applications is only tens of millions. In a year or two, it may become hundreds of millions. In three years or five years, by 2020, jitter may have become like a stranger, fast taxi, or even WeChat, a global short-vision application.

And the fast hands?

If it develops on its own, I'm afraid under the best circumstances, in three to five years, fast hands can dominate the domestic short-vision industry and compete with Jiayin on the same stage in China.

As for internationalization, to be honest, it depends on the strength of fast hands alone. At least before Round D and even before the launch, you don't have to think about it, because the localization work required for the global operation of short-frequency television is far from what the previous fast hands can think about!

Whether it is IDG, Gao Jing Capital, Morning Xing Capital, Sequoia Capital, etc., although they are all the top venture capital institutions in China and even in the world, apart from money, they are very helpful for quick growth, it is far from possible that there are people to win capital and the remitters to help quick hands.

Yes, although all the venture capital funds came to the door, Su Xiaohua still dragged on not accepting any investment.

Although they were upset about this incident, there was nothing they could do. To be honest, they also had to gather people to participate in Round B financing of fast hands, which not only added an insurance and an accelerator to the development of fast hands, but also directly raised the valuation and future development potential of fast hands in the market.

The valuation and development potential of enterprises that are not seen but that attract investment from the general public is higher than that of similar competitors.

Yes, for Su Xiaohua's treatment, other venture capital funds also maintained sufficient patience, at the same time, they also tried to lead the crowd and fast hands, hoping to complete the fast-hand round B financing as soon as possible.

Finally, on February 28 and the last day of February, Su Xiaohua waited for the news of the crowd winning the capital and the willingness of the hustler to invest fast!

To be honest, for the conglomerates and the crowds to win the capital, they were not able to invest fast hands in Round A or even angel wheels. Even Fang Zhe felt a little surprised. It was not until after the replay that he realized that the fast hands were positioned to make and share the product of the gif diagram before the transformation, and there was no development potential. Therefore, they were not favored by the crowds to win the capital and the conglomerates. Fang Zhe himself did not really understand the history of the fire in the previous life. Therefore, Yin and Yang missed this project!

Until, after the jitter fire, fast-track short video, accumulated a certain number of users and fame, the ranking of major app stores also grew significantly, crowd winning capital and remittances just like other venture funds, again noticed this “dead and resurrected” project!

Indeed, for most entrepreneurs and entrepreneurial projects, two or three years after the project went live without looking successful means death. There are very few projects like Fast Start that can transform after two or three years of silence and achieve explosive growth!

After Zhongwei Capital and Huizhou Investment Department once again noticed the fast track, like other venture capital funds, did not rush to come to the door to invest, because they had to consider another thing, that is, Huizhou has already invested in another short-vision project founded by the big boss and the boss's wife, Jiaoyin.

Although the grounding gas positioning of fast hands is quite different from Jiaoyin, it is undeniable that Jiaoyin is also a powerful potential competitor. Whether it is the crowd winning capital or the Huizhou Investment Department, after considering that behind Jiaoyin is the big boss and couple, they hesitated!

The boss and his wife vigorously shook the tone, and they became their own competitors. What's going on?

Huang Siyi, head of the hesitant crowd winning capital department and head of the Huizhou Investment Department, handed the case to the boss himself for a decision!

“Come on, what's so hesitant about this kind of thing? Just keep an eye on this project, you should vote!" The boss Fang Zhe replied very decisively, even the case they sent up was not opened.

“Yes, Jiaoyin, after all, everyone said that Jiaoyin was your“ son and mother ".” Huang Siyi confessed his concern.

“Hey, what do I do? What's wrong with my parents and children? If my parents and children don't fight, they will lose. Besides, I still feel that the development of shaking sound is too smooth. How can it make better progress without finding a decent competitor?"

After Fang Zhe relieved Huang Siyi and Pay Xinming's concerns, Huizhong and the crowds won the capital to invest in fast hands, and quickly pushed forward smoothly.

In the afternoon of February 28, Zhongwei Capital Union and Redwood Capital signed a letter of agreement for fast-track B round financing at Fast-track headquarters. Long before that, the due diligence of fast-track B round financing and other work had already been completed. Everyone's waiting was the message of the hustler, or Fang Zhe's nod!

As for other venture capital companies that are also pursuing fast-track B-round financing, I'm sorry, the cake is too small, it's not enough, they can only go home!