Rebirth 2006, creating a super consortium

"According to your request, Yuanfang Financial Group quickly established Yuanfang Venture Capital, which is specifically used for the A round of financing for Micro Times and subsequent venture capital in various industries."

After hearing Wang Ming's introduction, An Xin nodded with satisfaction, and then immediately asked, "Who will manage Yuanfang Venture Capital Company?"

Wang Ming smiled slightly and said a name that surprised An Xin a little: "Li Hong!"

"Li Hong?!"

An Xin exclaimed in surprise, but after thinking carefully for a while, she found that Li Hong was indeed a very good candidate!

The most important thing is that Li Hong is still one of us!

But An Xin still had some doubts: "How is Hong Hong doing at Yuanfang Financial Group recently? If I let her manage Yuanfang Venture Capital Company now, wouldn't it be too much of a hassle?"

Yes, An Xin had asked Li Hong to quit her job at Huaxin Securities and join Yuanfang Financial Group. She is currently serving as the special assistant to the board of directors, specifically responsible for cooperating with Wang Ming in the management of all affairs of Yuanfang Financial Group!

Wang Ming shook his head and said, "Li Hong has been working very hard recently. There is basically no opposition to her parachuting in the group. The most important thing is that she has certain management potential, so she can be properly trained.

And I don’t plan to let Li Hong be the CEO of Yuanfang Venture Capital Company right now. Instead, I plan to let her serve as the vice president to learn for a year before becoming the CEO.

At present, Jiang Wei will temporarily serve as the CEO of Yuanfang Venture Capital Company."

An Xin knew Jiang Wei. He was one of the six people Wang Ming poached from Huaxin Securities. He used to be the deputy manager of the mergers and acquisitions and restructuring department of Huaxin Securities. Now he is the vice president of Yuanfang Financial Group and a professional talent.

An Xin approved of Li Hong's training plan and said with a smile, "Okay, let's do it this way for now. Let Hong Hong serve as the vice president to learn first, and then be promoted to CEO in the future!"

Wang Ming nodded slightly, and then asked, "Then how will Micro Times Company deal with its Series A financing this time?"

An Xin didn't hesitate to give a solution after hearing this: "Micro Times Company will initially set up a total share capital of 1 million, and then take out 20% of the equity share, that is, 2000 million shares, to carry out this round of A financing.

Far East Venture Capital Company needs to invest $1 million to acquire the 2000 million equity.

In this case, the pre-investment valuation is $5 million and the post-investment valuation is $6 million!"

Wang Ming nodded first, then asked, "Okay, what about employee equity incentives?"

“5%, 500 million shares, and we will set up an equity incentive pool after completing the A round of financing!”

"A $3000 million incentive pool, you're really generous!"

An Xin smiled and shook her head and said, "If you want the horse to run, you have to feed it grass. This is a characteristic of the Internet industry. If you don't give equity incentives, no top talents will be willing to work with you wholeheartedly!

Besides, this 5% equity incentive is not paid out all at once; it is a long-term incentive plan.

In addition, no new incentive equity will be added in the future, and of course, subsequent financing will not dilute this equity. "

Wang nodded in understanding, and then asked, "OK, we can finalize all the terms of the Micro Times A round of financing. Now the core question is, where is the money? Yuanfang Financial Group does not have that much money in its account now!"

An Xin laughed, pointed at Lu Xi next to her and said, "Look, the God of Wealth is here!"

Hearing this, Lu Xi nodded slightly, cleared his throat and began to speak at length: "Ahem, let me give you a detailed report on the recent earnings of Yuanfang Private Equity. It's quite long, so please listen patiently.

According to Mr. An’s previous deployment, Yuanfang Private Equity’s trading team conducted a short-term trading operation in the copper futures market, and has now closed all positions and exited with profits!

In this short-term trading operation, the $15 billion funds of the external entrusted business consumed a total of about $6.524 million. The operation direction was short selling, the average price of opening a position was $10313, the margin rate was 10% (ie 10 times leverage), and the number of short orders held was 31633 lots!

The final average transaction closing price of external entrusted business funds was US$6810, and the total profit of 31633 short orders was approximately US$22.164 billion, ultimately achieving a transaction profit of approximately 3.4 times!

Of course, the final profit of US$22.164 billion does not all belong to our Yuanfang Private Equity!

But according to the cooperation agreement finalized between Mr. An and the client, if the commission is terminated at this point, we can get the maximum profit share of 60%, about US$13.3 billion!

In addition to external entrusted business, our Yuanfang Private Equity’s own US$2 million also joined this short-term trading operation.

The company ultimately consumed approximately USD 1.579 million of its own capital, with the operation direction being short selling. The average price for opening a position was USD 10313, the margin rate was 5% (i.e. 20 times leverage), and the number of short orders held was 15310 lots!

The final transaction closing price of the own funds was US$6800, and the total profit of 15310 short orders was approximately US$10.725 billion, ultimately achieving a transaction profit of approximately 6.812 times!

Finally, let’s summarize the current financial situation of Yuanfang Private Equity. Its own funds have reached US$12.725 billion, and the funds for external entrusted business have reached US$37.164 billion without any share!

Well, this is the current situation of Yuanfang Private Equity. Thank you for your patience in listening!"

An Xin had heard Lu Xi's transaction summary report before, so she didn't feel any emotional fluctuations when she heard it again.

But it was different for Wang Ming, Qi Xue and Xu Yang. Because this transaction was highly confidential, the three of them only vaguely knew that the trading team of a distant private equity firm was busy with something, but they didn’t know what exactly they were busy with. So after listening to Lu Xi’s report, the three of them looked at each other in bewilderment!

After a long while, Wang Ming was the first to come back to his senses. He then looked at An Xin with great energy and asked, "How will the 12.725 billion US dollars of self-owned funds be allocated? How much development funds can the group get?"

An Xin understood that it was not easy for Wang Ming to manage such a large business as Yuanfang Financial Group. After thinking carefully, she replied to Wang Ming: "Put $5 million from Yuanfang Private Equity into the group account, of which $1.5 million will be used for the subsequent development and operation of Yuanfang Venture Capital Company, and $3.5 million will be used for the subsequent development and operation of the group."

"Very good, $3.5 million is enough for the group's subsequent development and operation!"

After hearing the fund allocation plan proposed by An Xin, Wang Ming nodded with great satisfaction.

An Xin nodded slightly, then turned to look at Qi Xue, hesitated for a moment, and then said, "Sister Xue, I want you to go to Yuanfang Financial Group as the executive director of the board and financial director, responsible for managing all the financial work of the group!"

Qi Xue was not surprised, because An Xin had told her some things about Yuanfang Financial Group before, and she had also reviewed some financial flow data of Yuanfang Financial Group that An Xin gave her, so she vaguely guessed An Xin's intention.

Now that it was finally confirmed, Qi Xue did not hesitate and replied directly: "No problem, I can go to work in Yuanfang Finance, but I need to take Han Dai with me, and then leave Huang Tao to be in charge of the company's financial work. I believe Huang Tao is capable of handling all the company's financial problems!"

Han Dai and Huang Tao were both Qi Xue's subordinates at PricewaterhouseCoopers. They followed Qi Xue to join Micro Times Company and are currently the company's deputy financial directors. They are top-level financial management talents.

After An Xin filtered the information of the two people, she nodded directly to Qi Xue and said, "Okay, let's arrange it this way. Xu Yang, you can help Sister Xue draft two confidentiality agreements.

Sister Xue, please let Han Dai and Huang Tao sign a confidentiality agreement first, and then tell them the details of the situation. Later, I will promote Huang Tao to the position of Financial Director of Micro Times."

Upon hearing this, Xu Yang and Qi Xue immediately nodded in agreement.

An Xin thought for a while, and when she found nothing was missing, she stood up and applauded everyone, then said with a smile: "I plan to schedule the Micro Times Series A financing press conference on August 8, so everyone can handle all the work of Micro Times Series A financing as soon as possible according to the core financing terms that have been finalized!"

Upon hearing this, Wang Ming and the other three stood up, said goodbye to An Xin politely, and then left the CEO's office directly.

An Xin stood there and thought for a while, then picked up her phone and wallet and left the CEO's office, preparing to drive back to her home in Xiangmihu No. 1...