Chapter 241 Kuaipao Rider: Can I also buy a house in Shanghai?
Shanghai, Yiyuan Office Building, No. 200, Longcao Road.
Four o'clock in the afternoon is the tea break time for Kuaipao. The local auntie from the administrative department will distribute the packaged fruit plates and milk tea to everyone's workstation one by one.
At this time, employees of the operations department gathered in twos and threes, eating fruit and gossiping quietly: "I heard that the company is going to start the B round of financing. The investors this time include Penguin Capital, Ali Capital, Hillhouse Capital and Sands Venture Capital."
"It has nothing to do with us!"
"You know nothing! Boss Kou from the Merchants Department said that all employees will be awarded stock options this time. With the boss's generous personality, even the customer service staff will probably get a few thousand shares."
"Brother Quan, can you tell us how the option bonus is calculated?"
A young man in the crowd asked Li Quan who was standing opposite him.
"To put it simply, we will be given a withdrawal slip, and when the company goes public or launches an option repurchase plan, we will have the money!"
Li Quan held the fruit plate, picked up a piece of pineapple and put it into his mouth, explaining with a smile.
Whether options can be successfully cashed out involves exercise conditions, exercise prices and listing plans, which is definitely not as simple as Li Quan said.
But according to his understanding, although the first company founded by the big boss was not listed, after selling it to Ali, the big boss still paid out of his own pocket to repurchase some of the unfrozen options with cash.
Including the subsidiaries of Senlian Capital, all exercise prices are uniformly priced at US$0.01 per share, so what Li Quan said is not wrong.
After the company goes public, the employee's option income is the difference between the stock price and the exercise price, minus the corresponding taxes and fees.
The lower the exercise price, the greater the price difference! Therefore, an exercise price of 0.01 yuan is no different from giving it away for free!
The other side.
Wang Yuan, Kang Jia and Deng Ye were sitting under the awning of the rooftop garden, their faces full of joy after joining the Kuai Pai event.
"Mr. Pei and I have confirmed that the financing is true, and the issuance of option incentives to all employees is also true." Wang Yuan said excitedly.
Currently, Kuaipao’s operating scope is only Luzhou and Hucheng, but its valuation has reached 1 billion US dollars.
Even if each person only has tens of thousands of shares, the future value will not be less than several million US dollars.
You know, the housing prices in many communities outside the Shanghai ring road are less than 20,000 yuan per square meter. Once this equity is successfully cashed out, it can at least buy a large apartment or a single-family villa.
"Is there one in the distribution department too?" Kang Jia couldn't help but ask.
"Of course. The riders, like us, have signed employment contracts with Kuaipao Technology Company." Deng Ye chuckled and shrugged.
"Hey, it's not surprising that Ele.me lost to Kuaipao. We can't compare in terms of salary and benefits alone."
Kang Jia sighed and couldn't help but sigh.
"Lao Kang, Ele.me is a thing of the past. Don't always talk about us and us. What if President Pei and President Kou hear us, they might think the three of us are commercial spies." Deng Ye raised his thumb and made a gesture to keep quiet.
Kang Jia's face froze for a moment, then he reacted, grinned and said apologetically: "Ce Na! I just said it casually!"
"Brother Hao went to Nuomi.com, I wonder how he is doing?" Wang Yuan said in a low voice.
"The position and treatment that Nuomi.com gave him is pretty good, the operations manager for the North China region. But I don't know who will be the final winner in this group buying war?" Deng Ye said in a flat tone.
He is now the financial director of Kuaipao's Shanghai branch and has long since disenchanted himself with Zhang Xuhao's identity as the founder of takeout food delivery.
"Who cares? I only care about how many shares I can get from this option incentive plan." Wang Yuan waved his hand and said indifferently.
To put it bluntly, including Kang Jia and Deng Ye, they all harbor resentment towards Zhang Xuhao.
If Zhang Xuhao had accepted Gao Weilin's financing or even acquisition proposal, the fate of Kuaipao and Ele.me might have been reversed, and they would be sitting in the positions of general manager of each department now.
As the project went from prosperity to decline and eventually to failure, all team members were responsible, but the person who took the greatest responsibility was undoubtedly Zhang Xuhao.
He took the offer from Senlian Capital and approached other venture capital institutions to raise their own valuation. This not only offended Chen Yansen and missed the best financing opportunity, but also provoked a powerful competitor.
Kang Jia and Deng Ye smiled at each other, full of anticipation.
at the same time.
In the banquet hall on the top floor of the Pullman Hotel, representatives from five parties, including Penguin, Ali, Sands Ventures, Hillhouse Capital and Kuaipao, gathered in one room.
Chen Yansen, Liu Zhiping, Zhang Lei, Zhu Xiaohu and others were sitting at a table chatting.
The negotiation work was handed over to Gao Weilin and Pei Yi.
"You are really different from entrepreneurs of the same age. Young people prefer the asset-light operation model, but you are the exact opposite. You invest in industries where money is hard to earn."
Liu Zhiping joked.
Chen Yansen smiled and said, "Didn't Penguin also invest? It seems that great minds think alike."
Zhu Xiaohu and Zhang Lei smiled and said nothing.
The food delivery business may not seem to make much money, but the volume is huge. According to data forecasts, Dengkuaipao will fully unleash the food delivery market potential in Luzhou and Hucheng, with the daily order volume reaching 2 million.
If this model is promoted nationwide, the daily order volume will exceed 100 million!
By then, the number of daily active users will not be less than 100 million! You know, this is a consumer software with 100 million daily active users, and the revenue it can generate every day will be an astronomical figure.
It can also use the huge traffic to expand into categories such as hotels, movies, leisure and entertainment, and ticketing, thereby widening its own moat.
Zhu Xiaohu and Zhang Lei have thought about supporting a new platform.
But firstly, can the operation ability be on par with Chen Yansen? Secondly, Kuaipao not only has the advantage of electronic navigation of AutoNavi Maps, but also is far ahead in intelligent distribution and dispatching systems.
Even Ele.me, which has been in operation for more than three years, is no match for Kuaipao in terms of order matching and route planning.
They certainly don’t believe that a newly established food delivery platform can surpass Kuaipao in these two aspects and break Kuaipao’s technological barriers.
Unless BAT takes action, there is still a certain possibility.
But Penguin does not have the e-commerce gene, Ali is busy preparing for listing, and Qiandu is engaged in cloud computing and cloud storage services.
Looking across the domestic market, Kuaipao has almost no rivals.
"By the way, I heard that Kuaidi Taxi is recruiting full-time private car drivers in Jinling and Hangzhou. They also need to pay five insurances and one housing fund for the drivers, and provide a basic salary?"
Liu Zhiping couldn't help but ask.
After hearing this, Zhu Xiaohu immediately pricked up his ears and looked intently at Chen Yansen, wanting to hear his explanation.
If Chen Yansen acted recklessly once he got the financing, Sands Venture Capital would simply give up on Kuaidi Dache's Series B financing and transfer its equity.
"Yes, it is true, but the relevant welfare policy is only for a small number of full-time drivers. In fact, so far, only a few dozen people have joined."
Chen Yansen naturally would not tell the truth and just made up something.
In his defense, this move became a key strategy for Kuaidi Taxi to improve service quality and increase scheduling flexibility.
First, it can quickly expand the transportation capacity pool and alleviate the pain point of difficulty in hailing a taxi during peak hours; second, after adding full-time drivers and social vehicles, the order response speed in remote areas has increased by 40%, and the average waiting time for passengers has been shortened to 3 minutes.
"Compliance is a big problem, but we can do it first!" Liu Zhiping nodded and said indifferently.
Who says you can’t do something without documents or authorization? After all, no one who can start a successful business is a simple person who follows the rules.
Zhu Xiaohu and Zhang Lei quite agree with this view that as long as the scale is large enough, non-compliance can become compliant.
It was not until the afterglow outside the window faded that Lin Chenfeng of Penguin, Ji Gang of Ali, and investment managers of Sands Ventures and Hillhouse Capital reached an agreement with Gao Weilin to set the B round valuation of Kuaipao at 1.2 billion US dollars.
In the previous life, when Ele.me received its D round of financing, its daily order volume was around 100,000 orders and its valuation was 400 million US dollars; during the F round, its daily order volume was around 1 million orders and its valuation was 1 billion US dollars.
Overall, although the valuation of 1.2 billion US dollars for Kuaipao is inflated, Penguin and Ali did not raise any objections.
Zhu Xiaohu and Zhang Lei remained silent, which was considered as their acceptance of the price.
Everyone knows very well that if they take the initiative to invest in this round, then in the next round, if they want to get the same proportion of equity, they will have to pay more than three times the cost.
When Pei Yi heard the price of 1.2 billion US dollars, he felt as if he was walking on clouds and felt uncertain.
Half a year ago, he was a graduate student at Luzhou University of Technology; half a year later, he was the CEO of a unicorn company with a net worth of over 100 million yuan.
Kuaipao exchanged a 15% equity ratio for US$180 million in funds.
Pei Yi needs to use this money to open up the takeout market in Hangzhou and Jinling as soon as possible, and then expand from the provincial capital to surrounding cities, striving to increase the order volume to more than 1 million per day as soon as possible.
Although Shanghai is not Chen Yansen's home court, he still took Liu Zhiping, Zhang Lei, Zhu Xiaohu and others to the second game after the dinner.
It was half past eleven in the evening when he left a private club.
Half an hour later, driver Xiao Li parked the car in front of No. 116 Yunjin Villa.
Chen Yansen got out of the car and walked straight into the bright and clean living room.
"The Legend of Zhen Huan" was playing on TV. Song Yuncheng was curled up on the sofa, his eyes slightly closed, sleeping soundly.
"This guy's sleep quality is really good."
Chen Yansen smiled faintly, turned off the TV, then picked up Song Yuncheng and walked to the bedroom upstairs.
…
…
The next morning.
The HR manager of the Luzhou and Hucheng branches, holding a thick stack of documents, began to communicate with the employees face to face. He first introduced the option incentive policy and then informed them that 25% of the options would be unfrozen each year and the money would be paid out in four years.
If you leave the company midway, you can only take away the number of options that have been unfrozen.
From customer service and riders to operations, finance and marketing personnel at headquarters, everyone has a part, it’s just a matter of numbers.
Executives like Kou Zhen, who did not have options before, couldn't help but smile with satisfaction after seeing the numbers on the option agreement, and their sense of belonging to Kuaipao became stronger.
Wang Yuan, Kang Jia, Deng Ye, and even more than 200 new employees who resigned from Ele.me and joined Kuaipao, also received generous option incentives.
In front of the Kaixuan Business Building on Yishan Road, Li Zhou and several colleagues were discussing the current option incentive policy.
"Brother Zhou, how much do you have?" a colleague asked curiously.
"6,000 shares, each share is worth 1.2 US dollars, which means an extra 10,000 yuan per year. I plan to save it for my son's future college tuition." Li Zhou said with a chuckle.
"When our company's valuation reaches 10 billion U.S. dollars, we can even buy several wedding houses, not to mention tuition fees." A colleague next to me laughed.
In the eyes of riders, Kuapao is their own company.
The remaining riders also received options ranging from 4,000 to 6,000 shares, and they fantasized about how much cash they could exchange for the options after the company's valuation rose to 10 billion US dollars.
But after thinking about it for a long time, everyone still couldn't figure it out, so they had to give up in the end.
I only remember one sentence: "I can buy a house in Shanghai anyway."
Can peasants like them, who work in the wind and rain all day, settle down in Shanghai? Li Zhou and others dare not hope for it, but when they deliver food, they smile more and more, and the quality of their service is getting higher and higher.
After Chen Yansen secured the B round of financing for Kuaipao, he did not rush back to Xucheng. Instead, he took Song Yuncheng to meet with the brand owners of the Shanghai clothing industry.
Led by Zhou Jiancheng of Meters, more than a dozen brands including Semir, La Chapelle, ESPRIT and Perromont were invited to host a banquet for Chen Yansen in a private room of the Peace Hotel.
After all, Pinbei's influence in the e-commerce industry has surpassed that of Yidong. In the industry, more and more merchants regard Pinbei as the second most important online sales channel.
Chen Yansen dealt with this group of business veterans with ease. After a few drinks, he got the marketing budget for the second half of the year from each company.
After having a good meal and a few drinks, Chen Yansen declined Zhou Jiancheng's next arrangement, and left the restaurant with Song Yuncheng, strolling along Jinling East Road.
Xiao Li drove in circles nearby, waiting for his boss to call him.
(End of this chapter)
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