Veterinarian: From unemployment to the top of life

"Brother! The pattern is broken in Tucson!" Boss Li even started talking English to me.

"Who still relies on dividends to make money now? That was the way of the last century," he said, lighting a cigarette and taking a long drag: "If investors all relied on dividends to make money, they would have starved to death long ago!"

"For example, a certain group lost more than 1000 billion, but the boss's wealth was more than 1700 billion. One night, it lost more than 100 billion, but the boss's wealth was more than 2000 billion. There was also a certain group that lost tens of billions, and the boss His wealth is more than 1500 billion..."

Boss Li gave me an example: "The more these companies lose money, the more money the boss makes, and the investors make even more money, haha!"

I was confused and had no idea what was going on here.

I just remembered what Lin Pingping told me, everyone plays this way, and one day, when you become the big boss, you will understand...

"Boss Li, I don't understand. Can you explain it to me in detail?" I asked curiously.

"For example, if you start a company and don't even have a product yet, and an angel investor invests 100 million in you, and you give him 10% of the equity, then your company's valuation is 1000 million, your equity is 90%, and your net worth is 900 million. In the second year, the A round of financing invested 1000 million in you, and you also gave him 10% of the shares. Then your company’s valuation was 1 million. At the same time, your equity was diluted to 81%. The net worth has become 8100 million, the previous angel investors have been diluted to 9%, and the equity value has become 900 million, which is equivalent to an increase of money almost five times..."

Boss Li paused and continued: "At this time, your company is still losing money, or even in a mess, it doesn't matter! In the third year, there will be another round of B round of financing, and you will sell 20% of the equity, and they will give you 5 million. Your company's valuation is 3.2 million, and your net worth has also risen to 7.2 million. At this time, the equity of the earlier angel investor has become 3600%. If he chooses to sell, he can sell it for 3500 million and make a net profit of . Ten thousand!"

"Here comes the important point!" Boss Li reminded me: "If this guy doesn't sell, and wait until the C-round and D-round investments continue to raise the valuation and then go public, the money will be lost...and your worth As investors continue to raise the valuation, the rising tide lifts all boats, and he has become a big boss worth billions or tens of billions!"

wipe! I took a breath and understood a little bit. It turns out that this is how capital works!

"Boss Li, if you want to put it that way, retail investors will bear everything in the end?" I sighed.

"Hahaha!" Boss Li smiled like a big toad: "Yes, cutting leeks from individual households is just like cutting leeks from bastards..."

He paused and continued: "After this, in less than ten years, you will be able to become a big boss, and investors will be able to quickly gain wealth. On the other hand, if you rely on dividends to earn Money, even if your company can earn 1000 million a year, it will take decades for the angel investor to earn dividends before earning 3500 million. Isn’t that a fool’s errand!”

Boss Li’s words shocked me deeply!

Originally, I thought that the so-called wealth is accumulated step by step, and then you open a company, hire employees, and everyone adds fuel to the flames, so that the production and sales profits will accelerate...

After a long time of making trouble, this is pure nonsense!

These big bosses are all playing with nothing but "balloon blowing". The higher the valuation is, the more they will make after entering the stock market!

It doesn’t matter whether you lose or not, the whole effort is to increase the valuation!

"It's like blowing up a balloon..." I sighed.

"Yes!" Boss Li looked at me with a smile, took an unused condom from the bedside table, tore it open and told me: "This thing has sizes, big guys use the big one, little guys use the small one. This is conventional thinking in entrepreneurship, but..."

He blew it hard, and the balloon immediately inflated, then he pinched the 'air outlet' and told me: "The idea of ​​making money is to blow up, to raise the valuation, rather than the essence inside, to blow up the market!" If we are serious about it, who has such a big guy?"

When he said this, I completely understood!

It turns out that the truth about capital is this. What I thought before was indeed too naive!

In fact, having said that, Boss Li is willing to tell me these secrets, and I am really, really grateful to him. After all, this knowledge is not taught in schools.

"Listening to your words is better than ten years of reading!" I said with emotion.

Boss Li laughed loudly: "You think I don't know how bad that doggy stall on Huxin Island that Wu Yehua is running is? It doesn't matter, as long as he can hold on until it goes public and doesn't get into trouble! Actually, don't worry about it, Lao Wu's family Their backstage is too hard, if I had their backstage, I would have a better time!"

Boss Li’s words finally made me sober...

It turns out that Wu Xinwen's thinking was superficial. His father Wu Yehua was not that stupid, and the Wu Group was not that fragile.

After all, this is how everyone plays, and the eldest sister’s grandma’s family is too powerful!

"Brother," Boss Li said with a smile: "I will be your angel investor and invest 900 million for you. If you give me 10% of the shares, your worth will be 8100 million. I will invest for you again next year." 5000 million, and then divide it into 10% of your shares, your worth will be 3.6 ​​million, you will understand after you start playing."

Boss Li’s words made my heart beat loudly, as if I had already seen an unlimited and magnificent future!

Could it be said that one day I will really become someone like Wu Yehua or Li Jianglong? Oh my God!

"Do you have enough start-up capital to start a company?" Boss Li asked me again with concern.

I smiled awkwardly: "It's not very abundant anyway..."

Boss Li said: "I will advance your salary of 3000 million for three years, and you can take the 900 million I invested in you and go have fun! Young people should have the opportunity to try and make mistakes!"

Hearing what he said, I was so moved that I didn’t even know what to say.

"Also, I want to remind you," Boss Li added: "I don't know who else you want to invest, but as a founder, no matter how much investment you get, your shareholding ratio must remain above 52%."

"Why is this?" I asked curiously.

Boss Li said: "If your company wants to go public, it must go through at least three rounds of financing. If you hold 51% of the shares, the first round will dilute you 10%, you will hold 45.9% of the shares, and the second round will dilute you 5%. You will become 43.6%. The third round of IPO dilutes you by 25%, and you will only have 32.7%. If it is less than 33%, you will lose your veto power, and you will be kicked out by then."

I wipe it! Boss Li’s words sent chills down my back. I didn’t expect there were so many risks!

Following Boss Li, I really learned a lot today...

It seems that the saying is true, you must learn from other people's strengths and don't always focus on other people's shortcomings.

Awesome people also have a vulgar side, and they will miss long legs in stockings or other people's wives every day.

But after these things are over, awesome will still be awesome, and stupid will still be stupid!

Never look at people through "colored glasses"...

Boss Li invited me to have a meal at his house. It was so warm and inviting that I couldn’t refuse.

Sister Sun and Meijuan also understand me very well. After all, work is still important.

After seeing off the other three bosses, I got into Boss Li's car and headed to the Giant Saint Group.

On the way to his house, Boss Li suddenly asked me with a smile: "Song, I heard... your fiancée went in?"

"Oh," I nodded awkwardly, "She was framed. She should be fine and will be out soon."

Boss Li said meaningfully: "I know that little girl from the old Wu family, she is beautiful, but she is not a fuel-efficient lamp. I suggest you be cautious about your marriage."

Boss Li suddenly said this, which made me very embarrassed.

"Boss Li, we have a very good relationship..." I said awkwardly.

"Ahem!" Boss Li let out a long sigh: "Young man, don't just focus on looks. You should consider the long term in everything. I have a niece who is about the same age as you. I think you two are a good match."