Shen Nanpeng deliberated for a moment, then said slowly, "General Manager Li, do you have a detailed plan for Weibo's Series B financing plan?"
Li Dong did not reply, but glanced at Wang Xin and said, "Director Wang, have you come up with a plan? Tell us roughly and listen to everyone's opinions. We can't decide it alone. "
No one took his words seriously. Far away, the financing plan was really arbitrary.
Of course, unless the plan was really difficult to accept, no one had any objections.
Wang Xin saw everyone looking at him and was slightly excited.
Shen Nanpeng of Sequoia, Xiong Xiaoge of IDG, he actually knew these people.
In the past, when he looked for investment, he looked for these people.
But to put it bluntly, when he went to look for investment, these people at most showed up and did not even say a word.
Under normal circumstances, it was the manager below who received him, and that was enough to give him face.
But now?
These investors, who in Wang Xin's eyes could not be more awesome, in front of Li Dong, not to mention like grandchildren, they really did not have much right to speak.
How Li Dong said to distribute, that was how it was distributed.
When Li Dong said financing, he did not even say a word in advance and began to work on the plan himself. After that, he casually said a word and did not act arbitrarily, asking everyone to discuss it together.
In fact, on the contrary, Weibo financing was completely done by Li Dong.
And Shen Nanpeng and the others could not express their dissatisfaction.
It was not that they were cheap, but they were all people with status, and in fact, they also wanted to save face.
However, for businessmen, sometimes face was more important than profit.
What was the purpose of the existence of venture capital institutions?
Not for some enterprises, both ideal and future, venture capital only had one purpose, to make money!
If Weibo could make money, then what was there to say?
As long as it could bring them benefits, Li Dong could say anything. Unless their cake was touched, otherwise, everyone would listen to him.
But once Weibo could not bring benefits to everyone, it was normal for the current investors to turn their heads and not recognize him.
Wang Xin did not understand this after all, and only saw some things on the surface.
Li Dong had already seen through it.
If he could bring in a lot of profits for the investors, then he would be strong. Even if you don't come, there will be others who will come. I don't lack investors.
If Weibo's valuation were to plummet and a large number of users were to be lost, Li Dong might not be so strong anymore.
It was just a change in the relationship between supply and demand. The so-called strength was built on the foundation of capital.
Without this foundation, Shen Nanpeng and the others wouldn't be so easy to talk to.
…
The thought flashed through Wang Xin's mind.
Soon, Wang Xin woke up. He is now the director of Weibo Content Operations Department. In fact, he is in charge of the international version of the overall affairs.
Other than Liu Hong, who was a part-time CEO, there were only one CEO and a few directors on Weibo. In terms of actual power, he was the third most powerful person on Weibo.
He was the one who came up with the financing proposal for today's meeting.
When the mood calms down, Wang Xin is also the founder of many websites, but not so unbearable.
Gently exhaling, Wang Xin said: "This financing, the funds are mainly to meet the international version of the expansion and platform building.
The company intends to set up servers abroad, and even set up IDC data centers abroad to improve the foreign user experience …
In addition, for publicity and market competition, the first goal given to us by the group is to defeat Twitter's market share in foreign countries.
Many people say that Weibo is a domestic version of Twitter, but this is not the case!
We are not Hua Xia's version of Twitter. Whether it is functions or projects, user experience, or user stickiness, Weibo is not comparable to Twitter.
So this time, we want to prove to everyone that Weibo is just Weibo … "
Wang Xin said a lot of nonsense, and Li Dong didn't bother to interrupt him.
In fact, Weibo was born out of Twitter and Facebook, which can't be denied.
Li Dong didn't bother to do things like burying one's head in the sand, but the domestic version of Weibo, defeating the original version of Twitter, that's a miracle, and it's more challenging.
Li Dong didn't refute what Wang Xin said, and didn't agree with it. Anyway, he just took it as his own complaints and listened to it.
Wang Xin probably also knew that it was not good to say too much, and the more he explained, the more guilty he became. After a few words, he didn't continue.
Next, Wang Xin went back to the topic. "According to General Manager Li's instructions, we made a simple financing plan, you can take a look."
After that, Liu Hong's secretary got up and gave everyone a document.
They all picked up the document and looked at it for a while. After a while, Shen Nanpeng said, "Financing 500 million US dollars? Continue to issue 50 million shares? "
Wang Xin nodded and said, "500 million US dollars, in fact, is less than 3.5 billion yuan.
At present, if Weibo wants to make a name for itself worldwide and expand its competitiveness, this much money is necessary.
Moreover, we are not without competitors in China. At present, Sina Weibo and Tencent Weibo are taking over our market.
In order to consolidate our position and continue to increase our market share, we can't ignore the domestic market.
Therefore, 500 million US dollars is a more appropriate figure.
The new share capital of 50 million shares, the total share capital reaches 260 million shares, and the dilution ratio is also within control. "
According to the total share capital of 260 million shares, Far away will maintain the original share capital of 160 million shares, and the original 80% shares will be diluted to about 61.5%.
But don't forget that the options are still in the hands of Far away's employees, and with the 10 million shares added together, Far Away will still hold more than 65% of the shares.
As for Sequoia and IDG, their shares will be diluted to 5.38%, Baidu's shares will be diluted to 3.85%, and Victoria Port's shares will be diluted to 0.77%.
With such a low share ratio, everyone will not be satisfied.
Shen Nanpeng thought for a while and said, "Previously, we signed an agreement that we have priority, and the highest shareholding ratio is limited to 15%. This time, we will continue to invest in the Series B financing. That should be within the scope of the agreement, right? "
Wang Xin couldn't help but look at Li Dong. Li Dong smiled and said, "You guys can invest if you have the money, I have no objections to that. But it's better to bring in more organizations so that everyone can earn the money. Although Sequoia and IDG have a certain level of influence in Europe and the US, to be honest, it's impossible to promote an international version with just the few of us. Money is secondary, and our main objective this time is to open up the international market. At that time, it will be the time to earn big bucks. What do you guys think? "
Everyone nodded their heads. Even if they hold more shares, it will be more risky if they can't open up the international market.
If they can bring in a few investment organizations from other countries to help Weibo open up the local market, it will be profitable.
But they still have to increase their shares, and 5% of the shares is not enough to satisfy them.
Not to mention them, the person-in-charge of Victoria Port also quickly said, "General Manager Li, after the Series B, our share ratio will be less than 1%. Our idea is to maintain the 1% ratio and continue to increase our shares by 600,000 … "
Li Dong interrupted, "Victoria Port did not sign an agreement, and we will just follow the usual procedures. When the plan is perfected, we will announce it to the public, and you guys can participate in the bidding. As for 600,000 shares or 6 million shares, it's up to you guys, and you don't have to tell me. I will not be involved in the financing process, and I only want to see the results. If you guys have any objections, you can discuss it with Mr. Liu and Director Wang. That's the general plan, and if you guys have any opinions, you guys can discuss it among yourselves. I will not be involved. "
When he said that he will not be involved, everyone heaved a sigh of relief.
They did not feel much pressure discussing things with Liu Hong and the rest.
Discussing things with Li Dong was really depending on his mood.
But just as Li Dong was about to leave, Shen Nanpeng suddenly said, "General Manager Li, have you considered financing with Wan Tong?"
"Wan Tong!"
Xiong Xiaoge and the person-in-charge of Victoria Port's eyes lit up!
Wan Tong is now the focus of the internet industry!
This is the core of internet finance, especially now that Li Dong is releasing a mobile version of Wan Tong, he has opened up a whole new world for the mobile payment system.
There was also the appearance of the balance account, which made everyone smell blood.
Once Wan Tong is financed, it might not be worth much now, but once the online balance accounts are connected and the payment license is officially issued, there might be a ten or even a hundred times increase.
The moment they said that, Li Dong smiled and said, "Wan Tong will not be financed for the time being, and it's not that I am against it, but it's not convenient now. Everyone knows the situation. The research team has entered Wan Tong, and it's a problem whether Wan Tong is compliant or not. Under such circumstances, I have to think for the investors. The future is uncertain, and I will not let everyone take the risk with me. If Wan Tong does not pass the inspection this time, won't everyone be in trouble? "
Shen Nanpeng laughed dryly, but he sighed in his heart. Although he said it in a dignified manner, he was actually unwilling.
There were definitely risks involved.
But what kind of organization was everyone?
Venture capital!
This is a venture capital investment. The greater the risk, the greater the returns.
Even if Wan Tong did not pass the inspection this time, everyone felt that the opening of the online payment industry was inevitable.
Currently, Wan Tong is the second largest online payment company in Hua Xia, and it is very likely to surpass Alipay to become the first. Even if other businesses cannot be opened up, just the payment business alone has great prospects.
As long as Li Dong does not quote randomly, the possibility of losing money is very small.
Li Dong did not want financing, and the money could not be given out, so they could not force Li Dong to take out the money.
After being rejected by Li Dong, everyone could only discuss the Weibo financing again.
Weibo will issue 50 million new shares, and the plan is to raise 500 million USD. This does not mean that the actual situation will be like this.
The 50 million USD shares are set, but the financing could reach 600 million USD, which is higher than the planned valuation. It could also be 400 million USD, which is lower than the planned valuation.
These are all possible, and the main thing now is to perfect the plan, announce it to the public, and wait for the other organizations to quote.
Maybe the final valuation of Weibo will be higher than what they expected, and that is normal. These organizations also hope to be higher than what they expected, so that they can earn more.
A good plan and marketing, as well as a beautiful financial report, will cause a huge change in the valuation of a company.
In this regard, Faraway clearly did not have as much experience as other venture capital institutions.
IDG and Sequoia are experts in this field, and if they come up with a new plan, others might really offer a few hundred million more than the plan So far away made.
…
As they discussed, Li Dong did not stay for long.
Weibo is not the only one So far away, and Li Dong only needs to ask about the general situation. There is no need for him to follow up.
After leaving the conference room, Li Dong went straight to Yuan Chengdao's office.
When Li Dong arrived, Yuan Chengdao quickly stood up to greet him.
Li Dong pressed his hands together and said, "Sit down, don't be so polite with me. I came to you this time because I have something to discuss with you."
Yuan Chengdao quickly said, "Go ahead."
"So far away, the system is gradually becoming clearer, and the employee ranks are also gradually being fixed. But most of the time, the division of ranks is not very clear. It is fine in the subsidiary companies and sub-groups, as they have the same rank, and it is easy to distinguish. But So far away is not the only company. So, I am preparing to make a change in the entire group, and make the employee ranks clearer. "
Yuan Chengdao quickly said, "Actually, I have been thinking about this for a long time, but …"
Li Dong frowned and said, "What is it?"
It is not that he wants to implement the hierarchy, and it is not that he wants to divide people into different ranks.
But it is necessary!
Hierarchy exists at any time. So far away is not a roadside stall. You call each other big brother, and I call you second brother, and that is considered brotherhood.
As a large company, So far away has always had a clear division of ranks.
But because the company has expanded too quickly, the sub-groups are also expanding, and now the whole system is a little chaotic.
It is fine for the executives to hold meetings, but middle-level management meetings are frequent. My position in the subsidiary company is not low, but when I am at the headquarters, someone can sit in front of me. Sometimes, if the seats are not arranged in advance, there will often be some chaos.
In fact, this matter does not need Li Dong to mention, Yuan Chengdao should do it himself.
But until now, Yuan Chengdao has not done it. It looks like he has some concerns. Li Dong wants to know what concerns he has.
Seeing Li Dong frowning, Yuan Chengdao did not hide it anymore. He sighed and said, "I have always wanted to unify the ranks, but the key point is the expenses.
In fact, General Manager Li, you may not be too clear about this.
Although they were both management positions and managers, the basic salary of the manager of Distance Supermarket was at least 10,000 yuan. Even the supermarket was not very uniform.
Far away Technology's manager has a base salary of about 8,000.
In logistics, the manager's base salary is only about 6,000.
As for Dongyu, it is almost the same as logistics.
Although everyone has some complaints, the base salary is not their only income, so it is not a big deal.
Now, if the ranks are unified, they cannot reduce the salary. They have to increase it. Just this alone, the manager's salary has to be increased to 10,000.
Far away has nearly 200 managers. Just this alone will cost an additional 500,000 per month, and it will be 6 million per year.
And this is just the manager's level. There are even more managers who are one level lower.
If we implement the unification, our annual expenses will be at least 30 million more!
I have considered it a few times, and I feel that the expansion of the group is not over yet. We can wait for a year or two before implementing it. "
As the Group's CEO, it is not strange for Yuan Chengdao to want to save money.
30 million per year does not sound like a lot, but many large companies do not have that much annual profits!
With the unification of the ranks, the next step will be much easier, and the company will be more formal.
But under the premise that it does not affect the work, Yuan Chengdao would rather be more frugal.
At this time, the reaction of the people below him is not intense. Delaying for a year will save 30 million. If it is someone else, they will do the same.
Yuan Chengdao did not dare to say this to Li Dong because he knows that Li Dong is used to being extravagant.
As he expected, when Li Dong heard that it is about money, he waved his hand and said, "Isn't it just an increase in benefits?
Don't be too calculative about these small things. We are all managers, and there is no reason to say that the supermarket and Far away Technology are more profitable than them.
It is just that the division of labor is different now. The logistics and real estate companies are not making profits.
But everyone is putting in the same amount of effort. Also, isn't there a difference in bonuses and commission?
The base salary is higher, and it should be unified.
Also, it will be easier to transfer posts in the future.
You cannot be a manager in a real estate company and become a supervisor in another company. It is unreasonable.
Far away will not transfer posts forever, and we cannot rely on guessing every time. There is a reason for the higher expenses. Don't save money on this. "
Yuan Chengdao smiled bitterly. What else can I say?
This is a policy to benefit the people. If the employees and management know about it, they will be happy.
If he stops it now, he will be making things difficult for the others.
Even if he is the CEO, it will be useless no matter how much power Li Dong gives to the people below him.
Li Dong does not mind. Moreover, there are benefits to unifying the ranks. Yuan Chengdao sighed and said, "Then we will do as General Manager Li says."
"Yes. Unifying the ranks is imperative. You can get someone to do it. But let me tell you my general idea first. Far away is mainly in charge of management posts and technical posts. This is also the standard division for other companies. Management posts are divided into 10 levels. Group CEO is Level 10. Deputy CEO and sub-group chairman are Level 9. Head office director and sub-group deputy CEO and regional manager are Level 8. Provincial company general manager, head office deputy and sub-group department head are Level 7 … "
Li Dong gave a general range. As for how to divide it, it will depend on the agreement between HR and other departments.
Yuan Chengdao heard that there are 10 levels. At first, he thought Li Dong had included him. But now, he realized that Li Dong did not include him.
Yuan Chengdao's imagination started to run wild. Does this mean that no one will ever be promoted to Li Dong's position?
Chairman of the board. Looks like Li Dong will be holding this title for the rest of his life.
Just when he was thinking, Li Dong said, "Management posts have L prefix and technical posts have D prefix. It is easy to distinguish."
At first, Yuan Chengdao did not care. It is normal to have a prefix. Tencent and Baidu are T, Ali is P, M, and Far away is L and D, it is nothing.
But thinking about it carefully, isn't this the first letter of Li Dong's name?
Yuan Chengdao's face turned red. It is rare to see such a narcissistic boss!
Li Dong did not care. This is my territory and I call the shots. What's wrong with LD? Fortunately, my name is not Li Dong. If not, you will have to admit it.
Select text and click 'Report' to let us know about any bad translation.
