Chapter 699

For months, Kwai has been working with various VC agencies and investors to pave the way for the fast B financing.

Kwai Kwai Kwai's predecessor GIF Kwai was born early, so three years ago and two years ago, the fast hand completed the angel and A round financing, but because of the positioning of GIF image production and sharing of product positioning, GIF fast hand has been very warm.

Kwai Kwai has also led to the subsequent financing has been not smooth, but also directly prompted Su Xiaohua to promote fast transformation of short video.

Kwai Tsing has always loved investment and hot areas. Nowadays, short videos are one of the hottest business opportunities. Short hand video transformation, B round of financing should be smooth?

One after another, Kwai Kwai tiktok thought bamboo shoots after a spring rain. After two days, the VC company came to the door to invest quickly. The short video tape was used to start the fire in China. All kinds of short video applications and start-up companies in the country came out in half after the rain.

Down to earth, the short distance video location is fast, and it has accumulated over a million users for the Kwai Kwai soon, and has also been sought after by many VC companies.

IDG, Kwai Chung capital, Huaxing capital, Ji Yuan capital, Shun capital and Kwai Hing capital and Sequoia Capital which have been quick to angel and A wheels have conveyed to Su Xiaohua the intention to participate in the B round of financing.

Compared with the cold capital market's GIF Kwai's hands in the past two years, the quick transformation of short videos has become a Kwai Pao fight for all the big wind companies.

Jubilant, so many venture capital funds are investing in Kwai Chung, and Kwai Wah and fast hands should have been delighted and invested in the B round financing.

However, Kwai Hua has been so hard pressed to accept the impulse to invest immediately. Even though he has less than two months' wages in his company account now, he still sticks to his teeth.

He is waiting for the public to win capital and Kwai Chung, and so on, the two B voting financing.

Being sought after by a group of top venture capital companies but not accepted, he had to go to the pole and wait for the public to win capital and Huizhong's investment. This matter should be known by other entrepreneurs. I'm afraid he must think that Su Xiaohua is bragging, or he is too stupid and naive to send all the money

If you don't take it with you, what is it?

For this matter, Su Xiaohua has his own persistence and consideration. The financing process of a start-up company, from angel to ABCDE, has different meanings and considerations.

Angel round is usually when the project has not been launched or has just been launched. At this time, the money of angel round is a timely help. It can help entrepreneurs and entrepreneurial projects launch as soon as possible, or complete the cold start at the initial stage of launch, so as to accumulate a certain number of seed users.

Round a, the basic logic of general venture capital companies investing in round a, is that the project must have been online, completed the cold start, accumulated a certain number of seed users, the product logic and requirements of the project have been verified, and the project has a small amount of data to show and show the potential of the project.

The funds raised in round a are to help the project expand and develop rapidly and make the project enter a period of rapid development and growth.

At the same time, most projects also need to complete the verification of business model in this round. If the business model is not recognized, subsequent financing will become extremely difficult, unless the data growth curve of the project is very beautiful.

Tiktok Kwai, for most of the Internet projects, mainly refers to the growth rate of users, the number of active users, the number of monthly active people, the next day, the seven day, the monthly retention, and so on. Like the jitter, the fast transformation post are all such projects. Even though they are not profitable now, their users will continue to grow rapidly. All kinds of venture capital funds and investors will flock.

Decades after the birth of the Internet, the idea of users = money has been deeply rooted in the hearts of the people. As long as there are enough users, there will always be ways to make money!

The Kwai Tai before transformation is stuck in the A round and can not get money back, because it has no reasonable profit model or beautiful user growth curve.

Round B and round C, the money from these two rounds is generally used to expand the market and defeat competitors in the market, while round D and round e are to prepare for the adjustment of equity structure before listing. Many early investors have withdrawn in these two rounds, and some giant investors have entered in these two rounds.

However, for many projects with insufficient ceiling, they may be planned to be listed after round C, while for many projects with large volume and high ceiling, round D and e financing may not be enough, followed by e +, F and other financing. At this level, the enterprise has reached the point of "big but not falling". Investors and shareholders of all parties demand and support the bottom of the enterprise. Even if they lose money, they can't fall down. There is nothing like this in previous lives!

Financing after the B round is far too far for Su Xiaohua and Kwai Fu now.

Su Xiaohua insisted that he would wait until he wins the capital and the investment of the congregation. Naturally, he hoped that the win win capital and the Hui people could give the fast development, bringing the benefits besides money, for example, the auxiliary development of Kwai Chung and even WeChat, for example, the opportunity of internationalization.

Tiktok tiktok tiktok Kwai's growth curve is visible before the eyes. With the help of Hui people, the growth of the jitter is like sitting on a rocket. It has been jumping to a new height for a day. And it is said that with the help of Hui people, the international process of shaking is fast and steady.

Tiktok and Kwai tiktok's development speed has been getting worse and worse. Now, the difference between the two applications is only tens of millions. After a year or two, it may turn into hundreds of millions of years, and it will be three years and five years. By 2020, the trembling sound may have become a world-class short video application like WeChat, a taxi.

And the Kwai?

If tiktok Kwai Kwai develops itself, I am afraid that in three to five years, the best player can dominate the domestic short video industry.

As for internationalization, to be honest, it is not necessary to consider Kwai Kwai's own strength only at the D round or even before the listing. Because the localization work needed for short video global operation is far from the previous quick thinking.

Whether IDG, Hirai capital, or Kwai sing capital, Sequoia Capital, they are all top domestic and even world top VC agencies, but apart from money, they can't help the growth of fast hands, and there is no way to win the capital and the help of Kwai Chung.

Therefore, although all venture capital funds came to the door, Su Xiaohua still dragged his feet and refused to accept any investment.

Although Kwai Kwai's investment is not good enough, but it is also helpless. To tell the truth, they also wish the Hui people could participate in the B round financing. It not only gave an insurance and accelerator to the development of the Kwai tat, but also directly promoted the valuation and future development potential of the fast hand.

No, but the valuation and development potential of all Huizhong invested enterprises in the market are much higher than those of similar competitors.

Therefore, other Kwai Kwai funds also have enough patience for the waiting of Su Xiaohua. At the same time, they also try to pull the crowd and the fast hand, hoping to complete the B round financing as soon as possible.

Finally, in February 28th and February, last night, Kwai Wah waited for the news of the win win capital and Hui people's willingness to invest quickly.

Kwai Kwai, to be honest, for the recongregation and win win capital, they failed to invest in A or even Angel wheel. Even Fang zhe felt a little surprised. Until what happened after the reopening, it was discovered that the original product had no potential to make and share the product of GIF map before transformation. Therefore, it was not optimistic about winning the capital and the public. Kwai Chi, a strange combination of circumstances, is not very familiar with the history of the past generation.

Until tiktok Kwai started up, the short hand video was transformed, and the users' volume and fame were accumulated. The ranking of the major application stores also increased significantly. The winning capital and the crowd were just like other risk funds, and they renoted this "death to life" project.

Indeed, for most entrepreneurs and entrepreneurial projects, the two or three years after the project failed, it meant that death, like Kwai Fu, was a rare event that could be transformed and explosively increased after two or three years of silence.

Tiktok and Kwai Chung have paid attention to the fast players after winning the capital and the investment department. They are not as anxious as other venture capital funds. They want to invest because they have to consider another thing.

Although Kwai tiktok down to earth tiktok is not different from the jitter, but it is undeniable that it is also a strong potential competitor of jitter. It is whether it is a win win capital or a recongregation investment department, and it is hesitant to consider the tiktok behind the big boss couple.

Big boss couple can support the trembling sound vigorously, when oneself becomes a competitor again, tiktok, what is that?

Shilly Shally Fu Xinming, head of the winning capital and Huang Siyi, head of Investment Department of Kwai Chung, will hand over the case to the big boss to make his own decision.

"Vote, there's nothing to hesitate about this kind of thing. As long as you are optimistic about this project, you should vote!" Fang Zhe, the big boss, replied very decisively, and even didn't open the case sent by them.

Tiktok, however, is a tiktok. After all, everyone says, "the sound of trembling is your son's wife". Huang Siyi confessed his worries.

Tiktok, hey, what am I going to do? What's wrong with my son? I'll lose my son's heart. I should have thought that the development of the sound is too smooth. How can it make better progress without finding a decent competitor for it?

Fang zhe unlocked Huang Siyi and Fu Xinming's concerns. The investment of Kwai Chung and win win capital to fast hands also quickly pushed ahead.

Kwai Chung Kwai Chung Kwai Chung and Sequoia Capital signed a quick B round of financing agreement on the afternoon of February 28th. The agreement on quick B financing has been completed long ago. All the people wait for the message, or the nod of Fang Zhe.

As for other Kwai Chung companies that also follow the fast B round of financing, I am sorry, the cake is too small, not enough, they can only go back in anger.