Rebirth 2006, creating a super consortium

2006.8.1, 09:30, Micro Times Company Conference Room.

At this time, the conference room had been temporarily converted into a podium mode. There was a long desk on the stage with two microphones on it, and several rows of seats were arranged below the stage.

The reason is that Micro Times Company's Series A financing press conference will be held here soon.

In addition to the senior executives and some employees of Micro Times and its investor Yuanfang Financial Group, the financing press conference also included more than 20 television and newspaper media including CCTV and the four largest portal media including Sina, Sohu, Penguin and NetEase.

At this time, the conference room of more than 100 square meters was already full with more than people sitting there. Everyone was whispering to each other, and the scene looked bustling and quite lively!

"Who knows the background of Yuanfang Financial Group?"

"It seems to be a consortium in Hong Kong. I'll ask them later!"

"Is there any news about the specific amount of financing?"

"No, I just tried to test the employees of Micro Times, but I didn't get anything out of them. They are very tight-lipped."

"Weibo seems to have exceeded 3000 million registered users, right? So it must have raised at least to million US dollars, right?"

"Who knows? We'll know soon. Here they come!"

...

He Fang, COO of Micro Times, was wearing a standard black women's suit. She changed her usual serious style and walked quickly to the stage with a smile on her face. Then she began to host the press conference with a smile: "Friends of Micro Times, friends of Yuanfang Finance, and friends from the media, hello!

I am He Fang, COO of Micro Times. On behalf of Micro Times, I welcome everyone to gather here to witness the A round of financing of Micro Times.

Before the formal signing begins, I would like to give you a brief introduction to the Weibo project and Series A financing of Micro Times Company.

As of 8 a.m. on August 1, 8 hours after its official launch, Weibo had a total of 200 million registered users, with a daily active user base of 3863.5 million. There were 2613.1 celebrities, including actors, singers, writers and other groups. The number of content posted by users also exceeded 2106 billion!

Let’s talk about the A round of financing.

After several rounds of communication between the senior management of Micro Times and Yuanfang Financial Group, all financing terms have been finalized.

The pre-investment valuation of Micro Times is US$5 million, the financing amount is US$1 million, the financing equity ratio is 20%, and the post-investment valuation is US$6 million.

After completing the A round of financing, both parties will jointly contribute 5% of the equity according to a specific proportion to establish an employee equity incentive pool, which will be used specifically for the incentives of senior executives and employees.

That’s all for the details. Now let’s welcome Mr. An Xin, CEO of Microtimes, and Mr. Wang Ming, CEO of Yuanfang Financial! ”

clap clap clap...

An Xin and Wang Ming, wearing high-end custom-made blue suits, with tall and straight figures and smiling faces, heard He Fang's reminder outside the meeting room. They immediately reached out and pushed open the door of the meeting room and slowly walked into the meeting room.

"Mr. An, how old are you?"

"Mr. An, are you self-made?"

"Mr. Wang, is Far East Finance the same as Xiangjiang Capital?"

"Mr. Wang, why did you consider investing in Micro Times?"

...

The distance of more than ten meters was not easy to walk. Reporters swarmed in and blocked the road. All kinds of questions came up instantly.

An Xin and Wang Ming smiled at each other without saying anything. Finally, with the help of nearby employees, they successfully broke away from the group of reporters and walked to the podium to take their seats!

After An Xin sat down, she reached out to adjust the microphone on the podium, and then said with a smile: "Hello, everyone. I am An Xin, the CEO of Micro Times Information Technology Company, and the person next to me is Mr. Wang Ming, the CEO of Xiangjiang Yuanfang Financial Group.

The theme and specific content of this press conference have just been introduced to you by Ms. He Fang, so I will not repeat it!

If you have any questions, please don't worry. After we sign the contract, we will hold a press conference. Please ask questions and we will answer them one by one. Now, let's sign the financing contract!"

After hearing this, Xu Yang, who was sitting in the first row, immediately walked up to the podium with two copies of the contract. After placing the contract copies in front of An Xin and Wang Ming respectively, he returned directly to his seat.

In fact, these two contract texts are just for show, used to cope with the press conference!

The actual contract text has been signed long ago and has been put into the safe for safekeeping!

On the podium, An Xin and Wang Ming opened the proofs in front of them, picked up their pens and signed their names, then exchanged the contract documents and signed their names.

After signing the contract, the two men stood up with smiles on their faces, shook hands, and then showed the contract to the audience so that the reporters could take photos and videos.

“Micro Times is awesome!”

“Weibo is awesome!”

"Boss An is awesome!"

"Clap clap clap!"

"Crack..."

There was constant applause, cheers, and camera shutter sounds from the audience, and the flash lights instantly illuminated the podium!

An Xin and Wang Ming had anticipated this scene, so there were no mistakes and they continued to smile and allow the reporters to take pictures.

Two minutes later, the two put down the contract and sat down again, then turned on the microphone in front of them and prepared to start the press interview!

"Cough cough!"

An Xin cleared her throat first, then said with a smile: "Dear friends, the press conference can begin, but I want to make it clear that I hope all reporters will maintain basic etiquette for asking questions, raise your hands to ask questions, and ask whoever is called upon, and try to answer one question at a time. Thank you for your support!"

After saying that, An Xin looked at the reporters rushing to the stage and simply reached out and randomly pointed to a male reporter.

The male reporter took the microphone handed over by the staff and started asking questions directly: "Hello Mr. An, I am CCTV reporter Wang Jing. My question is very simple. The outside world knows very little about you. Can you tell me about your growth experience?"

After hearing Wang Jing's question, An Xin nodded, and then said slightly seriously: "Thank you for the question, reporter Wang. My growth experience is actually quite complicated. I am 22 years old this year. I should be considered an orphan now. My parents..."

Wow…

When the audience heard An Xin say that she was an orphan, the scene went crazy!

Obviously, this was an answer that was beyond the expectations of everyone present!

After An Xin saw the noisy scene in the audience, she immediately raised her voice to calm the situation: "Quiet! Everyone, please be quiet!"

After hearing An Xin's loud shout, the audience began to gradually quiet down.

An Xin nodded slightly and said slowly: "My parents died in a car accident during the summer vacation of my second year in high school, so I have enjoyed the love of my father and mother for more than ten years. This is different from those who have become orphans since childhood. I may be a little luckier than them.

What’s even more fortunate is that during that difficult period, I was always surrounded by kind people who cared for and helped me. With the care and help of these kind people, I did not give up on myself and go to extremes. Instead, I successfully survived those difficult days.

Here, I would like to express special thanks to two elders, one is my high school class teacher, Mr. Li Hang, and the other is my parents’ friend, Mr. Wang Dana.

To me, these two people are like a rebirth. Without them, I would not be who I am today!

As for my subsequent life experiences, they were pretty normal. After graduating from high school, I was admitted to the Finance Department of Fudan University. I stayed at Fudan for four years without any problems. After graduation, I teamed up with my roommate Mr. He Weidong to found Micro Times Information Technology Company, and then developed Weibo. That was about it. There was nothing special about it. It was just normal! ”

clap clap clap...

After listening to An Xin's life experience, the audience burst into warm applause, paying tribute to An Xin, a warrior who still loves life after going through hardships...

An Xin listened calmly to the applause from everyone in the audience!

After a while, when the applause began to die down, An Xin immediately added fuel to the fire: "I would like to take this opportunity to announce a piece of news to everyone. With the consent of Teacher Li Hang, I will establish the Li Hang Charity Foundation in the name of Teacher Li Hang within the next six months!

At present, the Li Hang Charity Foundation has initially decided to donate complete sets of Hope Primary Schools to underdeveloped areas in China.

In order to maintain the normal operation of the Li Hang Charity Foundation, I had many negotiations with Yuanfang Financial Group. Finally, Yuanfang Financial Group agreed to use US$6 million to directly acquire the 1200% stake in Micro Times that I held at a post-investment valuation of US$2 million.

After the transaction is completed, the $1200 million will be invested in the Li Hang Charity Foundation to complete the construction of the first batch of Hope Primary Schools!"

Wow…

"Mr. An, can you tell me where the first batch of donations will be made?"

"Mr. An..."

"Boss An is awesome!"

...

This news completely ignited the atmosphere in the conference hall, with applause, cheers, and questions ringing out.

An Xin could only come out again to maintain order in the venue, and then patiently answered the reporters' questions.

After answering all the questions related to the donation, the press conference immediately returned to normal track. The questions were normal, the answers were also normal, and it was relatively calm.

Finally, the A-round financing conference of Micro Times Company came to an end in this rather strange rhythm…