191: Key Events in the Venture Capital World! Sequoia's Efforts Fail?!

Now that things had become a settled matter.

There was no point in Neil Shen continuing to stay here.

As soon as he left the scene, William Xiong from IDG, Xu Xin from China Growth Capital, and others who were watching the spectacle also departed.

However, Lei Jun from Shunwei Capital was still sitting there.

He was also optimistic about ByteDance Company, and even if he could only get a few percentage points by following the investment today, he still wanted to invest.

Inside ByteDance Company.

Seeing Neil Shen from Sequoia Capital and other top investment banking moguls leave.

The employees in the company felt a jolt in their hearts as they witnessed this scene.

"What the hell?"

"Something didn't go wrong, did it?"

"Why do their expressions look a bit off?"

"And the boss hasn't come out yet; they haven't failed the financing, have they?"

Inside the office.

Now, it was entirely Wang Lin and Zhang Yiming talking, while Lei Jun had conversely become an invisible figure.

Listening to the two of them deliberating, Lei Jun didn't say much.

Even though his share had been compressed to 1 percent.

Lei Jun still didn't say anything, because he understood that his original budget was only around 1 percent, and if it were any more, how would he follow up in the subsequent Series D round?

He also had to keep some liquid funds for his own company.

One had to know that his investment portfolio was spread very wide; no one would be like Wang Lin, betting everything on a single enterprise.

They certainly didn't have clairvoyance!!

On the other hand, regarding resources, Lei Jun, having been in the industry for so many years, was able to cobble some together, which was enough to help ByteDance as it was now.

At this point.

ByteDance Company's Series C financing finally concluded with a valuation of 500 million USD, offering 20% equity for 100 million USD, with various other forms of assistance from the three companies as supplementary items.

This contract was successfully signed.

Wang Lin invested 95 million USD to obtain 19% equity.

And out of this 19% equity, he would have to split it with Ali Baba to secure Ali Baba's investment in ByteDance Company.

As for how much to split, according to Wang Lin's idea, it was 5%.

Lei Jun invested 5 million USD to obtain 1% equity.

In Wang Lin's view, Lei Jun had made a fortune by investing this 5 million USD.

As long as he followed up with every subsequent investment and could keep this 1% equity from being diluted, he would be absolutely invincible.

This time, everyone received a satisfactory answer.

Zhang Yiming even added Wang Lin's contact information and became friends on Green Bubble.

He looked at Wang Lin as if he were looking at the God of Wealth: "Mr. Wang, please come visit our company more often, whether you have business or not. I very much welcome your arrival!!"

Wang Lin smiled and said: "No problem, I will come!!"

After this, once Dad Dou developed, would he not come?

As for subsequent matters, it was time to let more professional people enter the scene to discuss.

Wang Lin was just preparing to go to the Bubble Blind Box headquarters in Kyoto for a secret inspection, but who knew that at this moment, Lei Jun stopped Wang Lin.

He smiled and said: "Mr. Wang, wait a moment. I wonder if you are interested in investing in our Xiaomi?"

"Invest in Xiaomi?"

Wang Lin rolled his eyes and shook his head, saying: "The cost-effectiveness of investing in Xiaomi now is not worth it. Your company's valuation must be over 40 billion USD by now, right? Why the hell would I invest in that?"

Lei Jun gave a dry laugh and watched Wang Lin leave.

Sitting in the car, Wang Lin recalled Lei Jun's 5 million USD investment.

This amount of capital wasn't exactly small, but to say it was large, it certainly wouldn't be.

This man, Lei Jun, seemed to prefer investing in the layout of his own project ecosystem. For instance, at the beginning of the year, he invested over 1.2 billion in Midea and obtained a bit more than a percentage point of shares.

It was for no other reason than to build a more perfect structure for his own Xiaomi ecosystem chain.

There were also some map enterprises like Careland, food delivery enterprises like Woyou Takeout, as well as renovation, medical, housekeeping, online education, and so on.

It could be said that his portfolio was spread exceptionally wide.

Many things in there, Wang Lin had never even heard of.

These were all things written on the materials Sun Chao had given him earlier.

"All that gibberish of investments, I'm afraid in the end, it won't earn as much as this single ByteDance Company."

"All-in is an art, but unfortunately, you don't understand it!!"

Sitting in the car, Wang Lin was in a very good mood, and he said: "Go to the Bubble Blind Box headquarters."

.

Wang Lin was on his way to a secret inspection.

But in the financing and venture capital circles, this matter had already begun to spread.

Involving ByteDance Company, the speed of dissemination actually wasn't that high yet.

But if the parties involved included Neil Shen from Sequoia Capital, as well as IDG, China Growth Capital, and a series of other moguls.

Even more so, in a place where these moguls gathered, the final lead investment right was actually snatched up by an unknown small company.

Sequoia Capital lost miserably.

Such an affair certainly possessed the conditions for spreading.

"Have you heard? Sequoia suffered a setback again this time, and at the hands of the same person?"

"Holy crap, is it that explosive? Wasn't it said that Sequoia Capital would have many companies listed in the US this year? It feels like they should be the winners in life!!"

"What is this called? When the moon is full, it wanes; if you earn too much money, you will be sanctioned by others."

"I know that company. A very awesome mogul in the stock market. I didn't expect him to actually switch to the venture capital circle, and be so fierce!"

"It seems to be called ByteDance Company. Previously, many people didn't think much of them. After all, companies like Sina, Sohu, Xiaomi, Tencent, etc., also have genes in this area, and market competition is estimated to be very fierce. What competitiveness does a small fry like ByteDance have? But I didn't expect that this company could actually attract the participation of Sequoia Capital, and they even lost out? It's really interesting."

"Is that so? I heard that last year, Old Zhu from GSR Ventures even rejected this company's financing!"

"That can only mean Old Zhu lacks vision. Is he more awesome than Sequoia Capital? I heard ByteDance's valuation has already reached 500 million USD this time!!"

"The latest version is that the kid from Junlin Finance was clamoring for 1 billion USD on the spot, simply not treating money as money."

"No wonder Neil Shen from Sequoia couldn't compete; he ran into a fool!!"

"A fool? Do you really think he is stupid? This is a strategy. If he didn't shout like that, how could he scare away some weaker investors?"

"Sequoia Capital returned empty-handed this time. I'm afraid they will specifically target Wang Lin next time, right?"

ByteDance Company over these two days.

Also released the specific details of this financing.

ByteDance Company's Series C financing, totaling 20% equity offered, raised 100 million USD, lead investment company: Junlin Finance.

Follow-up investment: Ali Baba, Shunwei Capital.

Once this news came out, it caused another sensation.

Old Ma actually entered the field to invest?