My Return to Life

"Boom~"

The champagne cork was ejected into the air, and the bottle made a crisp sound.

Wine foam sprayed into the sky.

The unique color of champagne glows luxuriously in the clouds.

"Congratulations to Mr. Guan in advance, all the headlines tomorrow will be your name." Neil Shen smiled easily while holding a champagne glass.

Guan Qiuhe took a sip of his wine: "Thank you."

Spokespersons of several investment institutions sent congratulations: "Congratulations to Mr. Guan."

"..."

Everyone had genuine joy and smiles on their faces.

This luxurious private banquet hall, which is not simple, has witnessed a feast of capital.

It can be said……

All winners.

In just one year, Dangkang's valuation went from negligible to 102.4 billion yuan, and everyone present made a lot of money.

Guan Qiuhe, who held Fangnian shares on behalf of him and was the founder, lost a total of 33% of his shares.

The profits will be shared by five investment institutions.

Through the power of money, capital that does not matter for production has acquired equity and has a certain right to speak.

Everyone is happy.

After a brief celebration, Neil Shen waved his hand: "Please welcome everyone to meet up tonight."

"..."

Of course everyone will not refuse.

Later, Fang Nian and Guan Qiuhe moved to Dangkang Game Headquarters on the 39th floor, and entered Dangkang again.

Fang Nian looked left and right, and after walking into Guan Qiuhe's chairman's office together, Fang Nian said casually, "It doesn't seem like much has changed."

"What can change? Mr. Fang has only been here for a year." Guan Qiuhe said in a sincere tone.

Fang Nian didn't worry too much, it was the truth after all.

"..."

Without much chatting, Fang Nian quickly got down to business: "I don't mean to fool Shen Neil and the others by going public in Hong Kong, let's get ready."

"Currently, our two shares plus one share have just touched 67% of the warning line. This is still counting the 5% of the employee equity pool. Fortunately...it has been prepared for a long time."

Guan Qiuhe smiled: "To tell you the truth, I really think that you have taken a long-term view and prepared a lot. No wonder your attitude was so clear yesterday. You must have thought about it a long time ago."

Fang Nian smiled wryly and shook his head: "That's really not counting. If Miao Wei didn't bring up such a sharp topic, I must be an honest and good student. The higher-ups can do whatever they want Nuwa Lab to do."

In the end, he said helplessly: "I can't help it, that's how dog licking is."

Guan Qiuhe sighed softly and didn't say any more about it.

"..."

Long before frontier angels invested in Dangkang, Fang Nian asked Guan Qiuhe to register Dangkang Group in Cayman, adopting the VIE (Variable Interest Entity) structure commonly used in the world, that is, the agreement control structure.

Then, according to the usual practice, two classes of ordinary shares, A and B, were issued, with different voting rights attached to the company;

Enabling holders of Class A shares to be entitled to ten votes per share on any resolution proposed by the company’s general meeting of shareholders;

Enabling holders of class B shares to have one vote on any resolution proposed by the company's general meeting of shareholders;

Resolutions on reserved matters are entitled to only one vote per share.

At the same time, during the financing process, different rounds of preferred shares are issued according to the rounds.

For example, A-round preferred stock, B-round preferred stock, and C-round preferred stock.

What was just completed today is the C round of financing, the issuance of the C round of preferred shares, and according to the agreement, the delivery will be completed before April 30.

but……

These investment institutions are all prepared, and they can basically complete the delivery within the next week.

There is no need to issue a C-2 round of preferred stock.

According to the relevant situation, Fang Nian and Guan Qiuhe both hold Class A ordinary shares.

The situation of Class B ordinary shares is a little more complicated. After the C round of financing is completed, that is, after April 30, 2011, all holders of preferred shares have the right to convert preferred shares into Class B ordinary shares;

Or, after listing, the preferred stock automatically converts into Class B common stock.

all in all……

Under the internationally accepted complex capital equity operation method, with Dangkang's structure, Fang Nian and Guan Qiuhe's shareholding ratio will only be completely lower than 6.7% before they lose their absolute right to speak...

Guan Qiuhe changed his sitting position and looked at Fang Nian who was looking out the window: "After the stock split, how will the employee equity pool be calculated?"

Fang Nian replied casually: "The number of shares held remains the same. Now the value of each share is more than twice that of before. If there is any opinion, it means that hard work is not enough! Otherwise, you should know that you can get more shares."

"Okay." Guan Qiuhe nodded happily, "There will be a performance encouragement for senior management and senior talents in the next year."

"..."

Originally, the total share capital of Dangkang was 1 billion shares, and the employee equity pool had a total of 50 million shares, each worth RMB 10, accounting for 5% of the shares.

In addition to the 23 million shares shared with some employees, there are 27 million shares left.

In the C round of financing, the total share capital was split from 1 billion shares to 5 billion shares. After financing, each share is worth RMB 20.48.

The shares in the employee equity pool become 250 million shares.

According to Fang Nian's discussion with Guan Qiuhe, the number of shares held by all employees before remains unchanged, that is to say, there are still 23 million shares, and the remaining shareable shares in the employee equity pool become 227 million shares.

To be more specific, Bingwa and Wu Hong, the two employees with the largest shareholding ratio, originally held 5 million shares respectively, and now they still hold 5 million shares.

However, the shareholding ratio was directly reduced from the original 0.5% to 0.1%.

This is a change from previous financing.

Of course, because what they actually hold is equity dividends, which are automatically redeemed by the company after resignation, and they do not have the right to trade externally, so they still earn after calculation.

For example, according to the general rules, if Wu Hong wants to withdraw from Dangkang, the company will redeem the 5 million shares in his hands according to the agreement, and the standard method will cost 102.4 million yuan.

Of course, there are actually other agreements that are not so standard. If they withdraw within a certain period, they will definitely not get so much money.

But unless people are stupid, they generally won't quit at this point in time.

After all, the year-end dividend in 2010 was RMB 3.828 per share.

For dividends alone, Bingwa and Wu Hong received 19.14 million yuan before tax.

Ice Frog is still worth the price. The first classic closed beta of Dota Rebirth has brought considerable revenue. It is worthy of being the chief developer of the original Dota.

Wu Hong is also not bad, he is the best CEO since he was greedy for fun and became Kangkang.

Guan Qiuhe was able to spend most of his time on frontier part-time jobs, thanks to Wu Hong being able to take charge of the overall situation.

The advantage of the stock split is that the employee equity pool has more shares available for sharing, which can attract high-end talents more favorably.

The downside is that the original shareholding employees did not get a proportionately increased share of shares.

If Dangkang's net profit in 2011 does not reach 19.14 billion yuan, the dividends of the shares they hold will be lower than the dividends in 2010.

According to Dangkang's net interest rate, the annual revenue in 2011 must be at least 50 billion yuan, and all net profits must be distributed as dividends.

Obviously, revenue and full dividends look unrealistic.

But it's also a New Year's resolution.

Of course, the dividends earned by employees from shareholding are completely additional income, and their salaries and benefits themselves are not low.

In addition, showing due value does not mean that new shares cannot be obtained.

Generally speaking, from the perspective of the company's managers, it is a very reasonable way to do so.

'Slap a sweet date' will never be out of date...

…………

…………

Soon after dinner, Fang Nian and Guan Qiuhe attended a small banquet organized by Shen Neil.

Although it is similar to a reception, it is not in a public place.

There is no such landmark in the Park Hyatt as the Frontier Angel Reception organized in the previous years.

An old bungalow in Huangpu.

The private clubhouse can be regarded as Shen Nier's property.

There is no standard specification.

The reason why Shen Nier suddenly proposed to entertain everyone with a million dollars is because Liu Qin pointed out that Dangkang's financial statements related to the depreciation of vehicles and ships with more than one million dollars.

How should I put it, everyone thinks differently.

For this banquet, Shen Neil wanted to take care of Liu Qin, Fang Nian and Guan Qiuhe's face.

Strictly speaking, finances are no small matter.

But there are not too many exceptions, and there are some unspoken rules that more people will abide by.

For example, Liu Qin is willing to abide by it, and specifically raised it.

But Shen Nier stood at a higher cooperation angle, saying that one is one, two is two, which does not mean that he does not like this kind of unspoken rules, but thinks more about it.

It can be regarded as completely setting the tone for the affairs of Dangkang Games.

Fang Nian and Guan Qiuhe actually had no other ideas, so they must have agreed.

But Shen Nier is like this, he is comprehensive and good at dancing.

At least it has been like this since Fang Nian met Shen Nier.

That's why the standard was set in advance.

The flowery sedan chairs are carried by everyone, what opinions do you have...

In order to make the atmosphere of the banquet more active, Shen Nier also took pains, not only invited some colleagues, but also specially invited some partners.

be...

I can't squeeze into this circle, but I am lucky enough to be in the "atmosphere group" of this circle.

"..."

When Fang Nian and Guan Qiuhe arrived, some people had already arrived, and Shen Nier introduced them in the middle with a smile.

Everyone happily exchanged business cards.

Fang Nian...

Fang Nian has never been included in this list.

He is a college student and wants a business card.

"..."

Not long after, everyone arrived, not counting the 'atmosphere group', there were about ten people.

The host, Neil Shen, smiled and said: "As far as I know, this is the first time Mr. Fang has been invited to a private banquet, so..."

"I specially woke up two bottles of 85-year-old Kanti, I hope Mr. Fang likes it."

Fang Nian smiled slightly: "Thank you Mr. Shen for your hospitality."

"..."

Of course he wouldn't say it at this time, he didn't have a complicated liking for red wine.

A bottle of 85-year-old Kanti will cost at least two to three hundred thousand now.

If we push forward 40 years to the 45th year of Kangde, it is estimated to be one or two million.

"..."

Except for Fang Nian, everyone here is a master wine connoisseur, and under normal circumstances, everyone doesn't drink such expensive wine very much, so it is inevitable that there will be some arty.

Fang Nian was not involved.

The taste is really good. I can't comment on whether it's worth the price. Anyway, everyone at the scene thinks it's worth it.

In the melodious piano music, everyone laughed and laughed.

Shen Nier deliberately found Fang Nian.

"Mr. Fang, are you interested in setting up a club in Shanghai?"

Fang Nian glanced at Neil Shen, puzzled, and asked, "What's Mr. Shen's plan?"

"Not really, it's just a superficial idea, let's let everyone have a place to talk." Neil Shen said casually.

Fang Nian's thoughts turned twice in his mind, his heart moved slightly, and he said seriously: "It's okay to do it, but if you want to do it, it must be a real influence club."

"I hope to form a platform. I have been an investor for a while. It is really not easy to find suitable investment opportunities, so...

I don't want to implement a membership system, but follow an invitation system, not open to the general public, and not for profit;

Openness, sharing, win-win, cooperation..."

After listening to Fang Nian, Shen Neer was silent for a moment, nodded and said, "This form is better than I thought."

"It's not that complicated." Fang Nian smiled and said frankly, "In fact, I just hope to form enough influence to better allow the cooperation to continue and the company to survive."

Shen Nier showed a clear face: "I will come to Shencheng some time after the year, let's talk in detail."

"..."

capital……

There is a desire to control.

It is precisely because capital is not involved in production, if you want to multiply benefits, you have to keep taking money out of your hands, and then harvest production resources in exchange for benefits, forming a virtuous circle.

Although Fang Nian's words were simple, they had already aroused Shen Neer's interest.

A step further than Shen Neil's idea of ​​an in-house club.

Fang Nian's idea is not complicated, he just wants to better define the future and exert influence from some necessary angles.

Thereby relieving the pressure of frontier growth.

And what Shen Nier wanted was simple.

Let Sequoia's investment scope be larger.

As a bystander, Shen Nier saw the huge energy gathered around Fang Nian.

Almost all of the top-notch people in the internet industry are related to Fang Nian

Ma Poli, Ma Jack, Li Robin, Lei Jun, Wang Xing and so on.

especially……

The era of mobile Internet that has already kicked off, probably cannot do without the name Fang Nian on this three-acre land in China.

This is an advantage Shen Nier does not have as a capital alone.

…………

The next day, at dawn, Fang Nian got up and sent Lu Weiyu to Hongqiao Airport.

The original plan to go to Luzhou on Monday was delayed for two days because of the inspection, so I already had to go.

After sending off Lu Weiyu, on the way back to the eastern suburbs, Fang Nian saw Eunuch Sun.

Speaking of exams today, there are still two.

But all in the afternoon.

So Fang Nian had no choice but to go back to Junting first.

Not long after I got home, I took out my phone and saw a lot of notification messages.

As Shen Neil and others said yesterday, it is even behind the fact that they are pushing things to happen...

"Boom! Several investment institutions have recently invested in Dangkang Games, and the valuation has exceeded 100 billion!"

"The youngest female richest man in history is born!"

"From obscurity to a valuation of hundreds of billions, this company only took one year and seven months!"

"The demeanor of the youngest richest woman!"

"..."

Not only the news media reacted quickly, but Goldman Sachs Capital, Sequoia Capital, IDG and other institutions active in China have updated their valuations on Dangkang Games: the huge valuation of 102.4 billion yuan shocked the world.

Dangkang Games has become the most valuable game company in China.

Goose Factory Games is not independent, and Dangkang Games has no one to compete.

At the same time, some institutions disclosed the approximate composition of the shares of Dangkang Games.

Mentioned—According to public information, Ms. Guan Qiuhe, the chairman of Dangkang Games, holds nearly 70% of the shares of Dangkang Games, and it is conservatively estimated that the assets are nearly 72 billion yuan.

Become the current richest man in China, surpassing the 64 billion assets of Chairman Wahaha who was the richest man a few months ago!

As soon as the news came out, it immediately bombarded the entire online world, and quickly spread to offline...