My Age of Investment

"The same valuation as you!"

Eberhard's words surprised Andrew, why didn't he start the price?

Xia Jingxing was also very surprised, he was ready to increase the price, he did not expect Eberhard to be so real.

As if guessing what the two were thinking, Eberhard waved his hand, "I will never do anything dishonest."

He looked at Xia Jingxing and said, "I hope that you, Darren, will allow their two investment institutions to enter the market and jointly invest in Tesla with you.

In this way, our shareholders are more diversified, and when encountering financial pressure, there are more solutions, instead of putting the pressure on you alone. "

Xia Jingxing did not answer directly and asked, "How much share do they want?"

It's his biggest concern.

Tarpenning replied, "Not much. The two investment institutions jointly invested 1.2 million US dollars, and Darren personally led the investment of 6.3 million US dollars, so a total of 7.5 million US dollars is enough."

Xia Jingxing was stunned, the historical inertia is really strong, Iron Man personally led the investment of 6.3 million US dollars.

Seeing that Xia Jingxing did not express his position, Eberhard thought he had an idea in his mind, and emphasized again:

"Even if you, Darren, invest $1.2 million less personally, you are still Tesla's largest shareholder and chairman, and have the final say in all matters of the company.

Only the shareholding ratio was reduced from the expected 50% to 42%.

Tesla's current ownership structure is that I hold 55%, Tarpenning holds 25%, and 20% is an option pool reserved for employees.

After completing this Series A financing, our equity will be reduced by half. "

Having said that, Eberhard did not go on.

Their purpose is actually very simple, that is, they simply want to have a more diversified shareholder structure.

Although Xia Jingxing promised to invest 100 million US dollars in the next five years, if he defaulted, he would transfer 10% of the equity into the option pool for free.

But they still have some doubts.

Xia Jingxing is still too young, and Facebook has not been listed, or has achieved very big business achievements.

The future is not easy to say.

In case Tesla runs out of money and Xia Jingxing has no money for additional investment, Tesla has to continue looking for money in addition to the 10% increase in the option pool.

It may be easier to find money if two Silicon Valley venture capital firms are among the shareholders.

In other words, they were not completely at ease with Xia Jingxing and still wanted to do both.

Xia Jingxing leaned on the chair, his face was as usual, and he could not see joy, anger, sorrow or joy.

For him, the most important and most wanted are: the position of the major shareholder and the final decision-making power in all matters.

It doesn't really matter how many points more or less points. Because Tesla is indispensable for financing, he can slowly increase his stake.

In the first few years of its existence, Tesla's valuation rose very slowly, and the cost of adding holdings was not high.

And when the time comes, the two investors are crying and crying to invest, begging him to increase his shareholding, which will be easier for people to accept than he is now forcing more shares.

Appropriate introduction of Silicon Valley capital is indeed beneficial to Tesla's future financing path.

Although he is the bottom line for Tesla, Tesla has been developing for more than ten years, and its equity financing and debt financing have exceeded 20 billion US dollars.

It was not until 2020 in the previous life that I finally began to have the ability to support myself. #b

continue reading! br# It is not impossible for one person to carry everything. The key is to see the development of Facebook and the growth rate of his personal assets.

Although he accepted Eberhard's proposal in his heart, Xia Jingxing still did not want to agree too readily.

So he frowned and said, "I can agree to let both of them in, but only if they understand what we're doing and don't let them slow us down.

I can't wait to see Tesla's electric cars on the road right now, Eberhard, you know what I mean? "

Eberhard smiled and nodded,

"Of course I understand, we have the same idea as you, and we can't wait to build the car now.

Don't worry, Darren, we're not going to let two VCs get too involved in Tesla, they're just financial investors.

And you are our true partner! "

He glanced at Tarpenning and continued: "The two of us discussed it and decided to grant you the title of "co-founder" after the shareholding is completed."

Xia Jingxing laughed, "It sounds very good!"

Immediately, he waved his hand and said, "Okay, that's it, you quickly call the two venture capital institutions, and we will sign the investment intention agreement today."

"Sign today?"

Tarpenning was a little surprised, because there were two more investors, and he thought that the contract could not be signed today.

Xia Jingxing glanced at Tarpenning and laughed lightly: "What? Do you want to sign later? I'm not in a hurry, it's mainly up to you."

In fact, he was in a hurry, afraid that Iron Man would suddenly jump out and take a shot.

The two venture capital institutions are only co-investors, and the investment scale is small, which does not threaten his status.

Eberhard is not honest and kind, but he didn't see a strong investor appearing, and he didn't dare to sit on the ground and raise prices with him.

Once Iron Man appeared, the situation was completely different.

Although Iron Man's reputation is not as loud as it will be in the future, he is also a well-known billionaire in Silicon Valley.

The first time he started his business was a great success. The Zip2 company he founded was acquired by Compaq Computer for more than 300 million US dollars, and he himself made a profit of 22 million US dollars.

From the money he made from his first venture, Musk took out $10 million to start an online financial services and email payment business.

Later, it merged with nfinity, a company founded by Peter Thiel, and Musk became the largest shareholder of the new company PayPal, with an 11.7% stake.

The year before last, PayPal sold itself to eaby at a price of $1.5 billion. Musk made a profit of more than $170 million. He turned around and took out most of the money, which is $100 million, and founded the space technology exploration company SpaceX.

This incident caused quite a stir in Silicon Valley.

Although many people think that Musk cannot successfully launch a rocket, it does not prevent Musk from gaining greater popularity through this company.

Xia Jingxing believed that if Musk appeared in Tesla, Eberhard would definitely choose Musk under the same conditions.

Tarpenning realized that he had said something wrong and laughed awkwardly, "Okay, I'll call them right away."

After waiting for more than an hour at Tesla, people from two venture capital institutions, Compass and SDL, finally arrived.

Neither is a well-known venture capital firm, and the scale is small.

The people they sent had a simple exchange with Xia Jingxing.

continue reading! After learning that Xia Jingxing "provided Tesla with a $100 million bottom-line investment agreement", he immediately agreed to sign the agreement.

"Wait!"

When the parties were about to sign the agreement, Andrew jumped out.

Xia Jingxing looked at this dead fat man with a bewildered face, what kind of shit has he made?

"Derron should have gotten 50 percent of Tesla, now it's down to 42 percent."

Andrew glanced at the two founders of Tesla, "This investment commitment agreement must also be changed! Within five years, the cumulative investment is 84 million US dollars!"

Eberhard and Tarpenning looked at each other, and the former came out and replied, "No problem, $84 million is enough!"

Andrew blinked at Xia Jingxing, a little proud in his heart: How is it? The lawyer's fee is not in vain, right?

Xia Jingxing laughed dumbly, he naturally understood what Andrew meant.

No matter how Tesla develops in the future, Andrew's commitment to reduce his investment by $16 million can be regarded as fighting for his rights and reducing some difficulties.

This love has to be accepted!