At the same time, Xu Chenghua looked at Luo Sheng and asked neatly: "Brother Luo, how much venture capital do you want this time? How much equity do you want? If you say that, we nod or shake our heads."

It is obvious that the others did not speak, and there was no objection. With the preparations before, they learned about Luo Sheng's strength, so they were too lazy to set conditions by themselves. Anyway, if he was not satisfied with the words, the same would be the same in the end, then save this link and let Luo Sheng take the initiative to speak, then nod or shake his head.

When encountering such a founder, don’t want to take the initiative or invest money.

Luo Sheng said simply and clearly: "Pre-A round of financing of 77 million yuan sold 7% of the equity, with a valuation of 1.1 billion."

Xu Chenghua and the other three investors who came to take the trap did not speak, but just agreed. Now Liu Wen and the others dare not underestimate this young founder.

The valuation of 1.1 billion is almost the same as their highest valuation. Li Yan's valuation of Blue Star Technology is between 1 billion and 1.3 billion.

Hearing this, Liu Wen couldn't help but regret once again that he failed to rob Xu Chenghua and got the angel round investment first, which allowed Lao Ma to occupy the biggest pit and paid the least amount of money.

So angry!

8% of the equity was sold for 1 million, and now 7% of the equity was sold for 77 million.

However, although it is too late to grab the trap now, it is not too late. The pre-a round of financing is much stronger than the subsequent rounds of financing. As long as Bluestar Technology has a better development momentum, the subsequent valuation will only get higher and higher. The same proportion of equity will not be tens of millions, but hundreds of millions or even higher. Of course, the risks will also get lower and lower.

This time, 77 million yuan of equity was raised for 7% of the equity, and the original shareholder's equity will be diluted accordingly.

It is worth mentioning that Xu Chenghua, on behalf of Tengxun, signed a weighted average clause to ensure that the preferred stock holding ratio will not be crazily diluted. Similarly, the three newly added shareholders will also require the signing of a weighted average clause to ensure that the share ratio will not be crazily diluted during subsequent financing.

Luo Sheng would naturally agree, everyone would be the same.

However, investors asked to set up a board of directors as soon as possible. Luo Sheng temporarily compiled a lot of reasons for the initial stage of the company's development and rejected it. What he said made sense, so investors temporarily agreed to him. Anyway, it is not a big deal to make special agreements to guarantee it.

Liu Wen said: "I agree with this valuation and am willing to invest. There is no board of directors for the time being. I can agree to the board of supervisors, but I have the last request, Mr. Luo, you must agree."

Luo Sheng: "Please say it."

Liu Wen: "Blue Star Technology has completed the angel round of financing, but I found that Mr. Xu does not seem to require you to set up an option pool reservation. Before the pre-a round of financing stage, an option pool must be established to reserve for future talent recruitment of companies. The option pool will be provided by your founder as the team, and Tengxun. After completing this step, we will carry out pre-a round of capital increase and share expansion."

Xu Chenghua smiled and said, "I forgot to mention this at that time, and I lost a lot."

The three new investors smiled, as if saying: I believe you!

Actually, I really forgot, Xu Chenghua was helpless.

Luo Sheng did not object to this and nodded, "No problem, we will take out 15% as the option pool, but I will hold this 15% option pool on behalf of others and enjoy the right to vote."

Several major investors also expressed no objection to this.

In fact, during the angel round financing stage, investors should have asked to set up an option pool, but Xu Chenghua did not mention this at the time, so Luo Sheng would certainly not have taken the initiative. Now, 8% of the equity controlled by QQ must also be diluted into the option pool.

This is not included in the weighted average clause.

After roughly finalizing the overall situation, it went smoothly. It took another twenty minutes for the two sides to discuss the results and reached a consensus, which basically determined the equity structure of Bluestar Technology after the pre-a round of financing.

After completing the pre-a round of financing, the proportions of major shareholders are:

Option pool reservation: 13.95%

Luo Sheng: 72.726%

Tengxun: 9.124%

SoftBank Capital: 1.7%

Venture Capital Fund: 1.4%

idg:1.1%

Among them, the equity reserved by the option pool is held by the founder Luo Sheng, and the 3% reserved for Xu Yong has not been rated to him. It is considered as the option pool reserved. Luo Sheng has also discussed it. If it is taken away now, it is okay, but it is recommended that Xu Yong not take it when he takes it, and then make an allocation when the iPo is listed. If it is taken out from the option pool reserved now, the financing will be continuously diluted in the future.

Obviously, Xu Yong chose to follow Luo Sheng's advice, and he also believed that Luo Sheng would not cheat him.

Due to the issue of setting up an option pool in this round of financing, Tengxun suffered a little loss. He originally held 8% of the shares, and the establishment of the option pool was diluted partly. However, after completing the pre-a round of financing, Tengxun's total shareholding ratio increased to about 9.1%, becoming the second largest shareholder of Bluestar Technology and the largest external investment shareholder, while Xu Yong became the third largest shareholder of the company.

Several major investors invested in Bluestar Technology based on their respective shareholding ratios, totaling RMB 77 million.

It can be seen from the pre-a round of financing that the earlier you take up the pit, the less money you invest, the more equity you hold, but at the same time, the greater the risk;

On the other hand, the later you take more money, the less equity you hold, but the smaller the risks you take.

Luo Sheng reached an agreement with several investors, and the next step was the formal signing ceremony, but he would not sign the contract at Blue Star Studio, but decided to go to Baiyue Hotel to complete the formal signing ceremony.

When recruiting new employees, Luo Sheng did not recruit lawyers because he could not afford to hire a professional lawyer. Now that he has raised money, he can hire a lawyer team to be responsible for the company's legal affairs.

As for the signing of this pre-a round of financing, Luo Sheng would not sign it rashly. The contract was drafted by the VC party. He needs to temporarily hire a lawyer to review the contract to avoid traps in the contract. He himself does not want to see these complicated terms and conditions, so that professional lawyers can solve it. However, as for the lawyer's fees, it can be counted as reimbursement of the company's financial expenditure.

All of Luo Sheng's this was seen in the eyes of Xu Chenghua, Li Yan and the others. He was too cautious and would hardly let himself let go of any potential mistakes. Even if he set up a trap, he would probably find out.

Several investors were helpless, but also felt a lot more relieved. With founders like Luo Sheng taking charge of the company, their confidence increased a little.

After all, only if the company operates well can investors get profit returns.

After the interests were negotiated, several investors' attitude towards Luo Sheng also changed. They all left the reception room with laughter and left the Blue Star Technology Studio to sign the contract.

Xu Yong and his friends saw Luo Sheng go out with several VCs, and quickly caught Ailin who was following him.

"Xiao Ai, wait a moment, how did the boss talk with those investors? Depending on the situation, the negotiations should be completed, how much money did it raise?" Xu Yong said impatiently.

"Sell 7% of the company's equity for 77 million yuan. When you come back, you will ask Brother Luo again." Erin said simply and followed him quickly. He is Luo Sheng's assistant. He went out to sign a formal contract this time, so he naturally had to go there.

An employee heard this astronomical figure and couldn't help but smack his lips: "My God! It's 77 million, but he only sold 7% of his equity. The last time he raised 100 angel round, he sold 8%. This time, 77 million is still 1% less? Are those VCs so big that they are stuck in the door? I was wrong, I shouldn't question the boss."

...

Baiyue Hotel, a conference room.

There were more than a dozen people in the room, Luo Sheng and 4 investors sat together at the conference table, and more than three hours had passed without realizing it.

Erin Meizi sat on Luo Sheng's right, and on the left was a lawyer team consultant he hired from the law firm.

The conference room was very quiet at this moment. The lawyer team who took over the case was silently reviewing the contract he had just drafted without saying a word. A few minutes later, they finally closed the document. The person in charge looked at Luo Sheng and said, "Mr. Luo, the contract is no problem."

Hearing this, Luo Sheng nodded, and the girl Aileen sitting next to her was very understanding, giving Bihe's official seal to Luo Sheng.

There were four contracts and eight documents in total. Luo Sheng signed one by one with a stroke of his pen and stamped the official seal of Blue Star Technology. Then the two parties exchanged the documents. Li Yan and his friends also completed the signature after getting their respective contracts, exchanged one document each and shook hands with each other.

At this moment, Luo Sheng was shaking hands with Li Yan, the investor of SoftBank Capital, and said with a smile: "Mr. Li, please hold the contract and wait for the future to count the money. This contract is conservatively valued at billions in the foreseeable future."

Li Yan's smile froze when he shook hands, billions of dollars? That is to say, the future market value of Blue Star Technology will reach 600 to 700 billion?

I really don’t know how to answer his good things, Li Yan laughed and said, “Mr. Luo, your cake is getting bigger and bigger and weaker as you draw it.”

Xu Chenghua, who immediately signed the contract and shook hands with Luo Sheng again, smiled and said, "So, my 9 points are worth more than 500 billion?"

Luo Sheng smiled and said, "Look forward."
Chapter completed!