My Age of Investment

  Chapter 412 has come to a successful conclusion (seeking monthly ticket)

  Yin Mingshan did not think about it for a few days, and he readily agreed to the plan proposed by Xia Jingxing.

  For the group of private entrepreneurs who went to sea in the 1980s and 1990s, there is no such thing as they dare not do.

  Don’t start too much with the gray and black pots of gold.

  Yin Mingshan has never sold health products or MBO to acquire state-owned assets, but the business has been up and down for nearly 20 years, and he has seen a lot of it. He doesn’t care about Xia Jingxing’s "sao operation".

  Lifan can also benefit from the implementation of this plan proposed by Xia Jingxing. As long as it can benefit, it is worth the effort.

  As for whether they will be exposed, the two also considered and decided to negotiate more closely. The two sides negotiated to develop a set of detailed plans to reduce the possibility of exposure.

  Xia Jingxing decided to hand over the follow-up work with Lifan, which is actually dirty work, to Eberhard and Tarpening.

  After all, he can’t do all the dirty and tiring work by himself, so he has to drag them into the water.

  The two Tesla founders didn't have much morality and cleanliness. After thinking about it, they still got on the black boat of Xia Jingxing.

  Tesla launched a high-profile challenge to global car companies, but none of them challenged it.

  Finally came to a Lifan family, although the weak group, but they can’t let go easily.

  For this reason, Xia Jingxing also specially explained to the two that a match with Lifan is more to lay a little foundation for entering the Chinese market and let Chinese consumers understand the Tesla brand first.

After    communicated with Yin Mingshan in a rush, Tesla responded to the outside world through the social accounts opened on Twitter and Facebook.

  To the effect: I am very grateful to China Lifan Motors for the challenge. Tesla will compete with Lifan Motors on the same stage next spring.

  The time to reply to this message, it has been nearly a week since Lifan challenged.

  Public opinion is gradually receding, and the media and netizens think that Tesla will not compete with a new car company, because it doesn't make much sense!

  Won the victory without war, and lose face with disgrace.

  As a result, Tesla is really good at it, oh, wrong, it’s a promise!

  The news of this response also broke the public opinion that was bad for Tesla these days.

  Some people think that Tesla and Xia Jingxing are maliciously hyping. They have no sportsmanship of racing and do not respond to Lifan. How is that different from arrogant car companies such as Porsche and Ferrari?

  The “personal design” originally created by Tesla is a fighter, a fighter who attacked the arrogant traditional car companies.

   But now, the fighters have also become arrogant, disdain to compete with a Chinese car company.

  Therefore, many Bai Zuo Virgins turned to Tesla fans, and passers-by turned to black fans, and started a verbal attack on Tesla on social networks!

  The news spread to the country, and it made netizens worry.

The   Tianya forum is already too noisy, and Zhengfang netizens feel that Tesla does not have to compare with Lifan, because it is not a player at all;

  The anti-party netizens believe that Tesla looks down on Chinese cars and is suspected of unbelieving and malicious hype.

  The two sides argued and argued, and they also raised the question of whether Xia Jingxing was patriotic.

  Now Tesla has spoken in time, so that all controversies have been calmed down.

  Some netizens ran to Tesla’s social accounts to comment and leave messages, and apologized to Tesla for the inappropriate remarks made the other day "I use the heart of a man to be a gentleman".

  Tesla’s social account operators selected those touching messages to reply, and they were very generous and grounded.

  As for the spring competition between Tesla and Lifan Motors, many American netizens expressed that they couldn't raise much interest and couldn't bear to watch a massacre.

  Domestic netizens are dissatisfied with the Americans’ remarks. Most of them are on Lifan’s side, thinking that Lifan has won the battle.

  Even if Lifan will lose the game, it will definitely become the backbone of the national automobile industry through unremitting efforts and arduous struggle in the future.

  The TV series "Bright Sword" will be officially released in one month, otherwise the spirit of the bright sword will definitely be called out by netizens.

  Lifan has benefited a lot from this incident. The eyes of BYD and Geely were red and regretted in their hearts. How did Lifan take advantage of such a good loophole?

  However, some sane netizens always feel that car quality is the first priority, and marketing is only an aid, and you must not put the cart before the horse.

  Where can young people listen to this, make up their minds and must support domestic products and support Lifan.

  I was really cheated, and they recognized it too!

  …………

  …………

  Lifan’s matter has come to an end, and Tesla’s Series C financing negotiations have also come to an end.

In Tesla’s office, the two founders of Ai and Ta, Xia Jingxing and Compass, SDL, Value Equity Capital, and Vision Capital on behalf of Ricky and other old shareholders, Defengjie Draper, Waterfall Investment Michael Larson, Bezos venture capital representatives and other new shareholders plan to sit together to discuss the big plan.

  Eberhard took a glance at all the investors present, and said lightly: “There is no objection to the proposal of “Tesla C round financing of 40 million US dollars, 200 million US dollars post-investment valuation”, right?"

   Seeing all the shareholders present shook their heads, Eberhard smiled with satisfaction.

  This round of financing should be the easiest round of Tesla's recent rounds of financing negotiations.

   Benefited from the stunning appearance of the Tesla Auto Show, the media rushed to report that Tesla suddenly became a sweet potato.

  After bargaining for a while, investors in this round agreed to the offer.

   Originally, Draper also claimed that Tesla was valued at $63 million after the B round of investment. He said that it had risen by nearly three times, and it had risen too much.

  But when Eberhard placed an order for more than one hundred cars, Draper could not find a reason to refute.

  Can sell a car and cannot sell a car. There are two states and two valuations.

  Eberhard regained his gaze, and continued: "Next, I will talk about the investment share allocation plan.

  In this round of financing, value equity capital led the investment of 14 million US dollars, Mr. Xia co-invested 13.333 million US dollars, Envision Capital co-invested 6.352 million US dollars, DFJ, Waterfall Investment, and Bezos Ventures each contributed 2.105 million US dollars. "

  Xia Jingxing nodded, a total of 40 million US dollars in financing share was divided up clearly, and the interests of all parties were shared.

  Value equity capital is nominally the lead investor, because he and Vision Capital are calculated separately.

  For this matter, Xia Jingxing also had a good theory with the representatives of value equity capital, and finally let the other party relax.

  As for Defengjie, Bill Gates’ family office waterfall investment, and Bezos’ venture capital firm, after the completion of this round of financing, the three parties accounted for only 1.05% of the shares.

  There are not many shares at this point, and the symbolic meaning is greater than the actual meaning.

  Neither party has much opinion, anyway, they just join in the fun.

   "Since everyone has no opinion, sign the investment intention agreement today!"

  After that, Eberhard looked at everyone.

   "Okay, sign it!"

  After Xia Jingxing first expressed his position, other investors also expressed their views.

  So, witnessed by all parties, Eberhard signed an agreement on behalf of Tesla and the six investment institutions participating in the C round of financing.

  Xia Jinghang and Vision Capital need to invest nearly 20 million U.S. dollars in follow-up investment, but the shareholding ratio remains unchanged at 49.21%, without breaking the holding line, just maintaining the equity from being diluted.

  Value equity capital includes the part of the equity obtained from the B round of investment, and the total shareholding reaches 10.81%, becoming an important shareholder of Tesla;

  SDL, Compass and other two shareholders' equity was diluted to 2.54%; option pool 6.35%;

  Eberhard’s equity was diluted to 17.46%, and Tarpening’s equity was diluted to 7.94%.

  Things came to a successful conclusion. After Xia Jingxing left Tesla, he ordered Zhang Chenguang to drive and prepare to go to San Francisco.

  Along with him, there is also Ricky, a partner of Envision Capital.

  (End of this chapter)