Chapter 407 Think carefully (seeking monthly ticket)

  Eberhard and Tarpening glanced at each other, and the latter reminded: “Daren, according to the Series B financing agreement, equity value capital enjoys the priority right to lead the next round of Tesla’s financing.”

  Xia Jingxing waved his hand, "I have not forgotten that, Waterfall Investment and Bezos Venture Capital should not lead the investment rights, just follow the investment."

  Eberhard frowned, "You personally hold 33.33% of Tesla and Envision Capital holds 15.88% of Tesla.

  Together, they hold a total of 49.21% of Tesla.

  If you and Envision Capital also want to invest together, plus the investment share divided by Waterfall Investment and Bezos Venture Capital.

  The part of the investment share belonging to equity value capital may not be called a lead investment, but a follow-up investment. "

  Xia Jingxing understood Eberhard’s meaning, and co-authored that he had too high a stake in Tesla.

  He said lightly: “I remember that we signed an agreement. In the next few years, I need to invest $84 million in Tesla.

   Including the part of Vision Capital, the total investment commitment of 16.3 million US dollars has now been fulfilled. "

   Eberhard was silent. The reason why he asked Xia Jingxing to commit to investing $84 million in Tesla in the next few years was because of the uncertain future of Tesla, he had to find a big thick leg hug.

  But with Tesla's debut at the auto show, after the Internet boom, the financing environment Tesla faces is completely different from more than a year ago.

  It used to be Tesla begging his father and grandmother, but he couldn’t find an institution willing to invest.

  Now, a large number of investment institutions have thrown an olive branch to Tesla, expressing their interest in learning about the electric vehicle industry and learning about Tesla’s business model.

  It cannot be said that he is bloated, or that he is not grateful, but from a realistic perspective, he must defend his right to speak in Tesla.

  Eberhard thought about it carefully. He wondered what kind of means should be used to make Xia Jingxing give up and continue to increase his shareholding in Tesla, and at the same time, it should not cause conflicts between the two sides because of this.

  Tesla’s popularity on the Internet allowed him to see Xia Jingxing’s influence and connections in the technology circle, and he also saw that Xia Jingxing can still exert an important influence on Facebook.

  From the perspective of company development, he naturally hopes that Xia Jingxing can work with them and support their work. At the same time, he also hopes that Xia Jingxing will continue to advise and contribute to Tesla.

  From a personal point of view, he really does not want to see Xia Jingxing continue to increase his shareholding and voice in Tesla.

After thinking about it for a moment, Eberhard said in a deliberate tone: "Daren, do you see if this is the case? Tesla's Series C financing was led by value equity capital, Vision Capital, Waterfall Investments, and Bezos Ventures. Follow the vote.

  As for SDL and Compass, because they gave up the activation of anti-dilution clauses in the B round of financing.

   Right now, although the two of them are trying very hard to participate in Tesla’s C round of financing, we have decided to exclude them.

  Part of this extra investment share will be used to take care of Vision Capital, and part will be used to make friends with the two billionaires in technology circles, Bill Gates and Bezos. "

  "Do you want me to personally give up following the investment?"

  Xia Jingxing's tone is flat, and he can't hear any emotional color.

  Eberhard smiled, "It may be unfair to you personally.

  But we take a long-term view and introduce more diversified shareholders and stronger allies, which will help Tesla's future development.

  You have seen the situation in the past two days. The traditional auto industry does not welcome us as an intruder, and is using various means to stumble us.

  If we don’t have this group of rich people and entrepreneurs in the technology circle to help us cheer, then we are really weak and we don’t even have an ally willing to be fair. "

  Xia Jingxing felt that Eberhard’s reason was really powerful.

  Everyone has selfish intentions, especially since Tesla has made breakthrough progress now. After the pressure of survival is resolved, he began to consider power reduction.

  Xia Jingxing looked at Eberhard’s eyes, and said loudly, "What if I insist that I personally have to follow the shot?"

   Eberhard grinned, "Then follow the shot, I just make a suggestion.

  On the side of value equity capital, you still need to communicate. "

  Xia Jingxing nodded slightly, and through this brief conversation just now, he also tested Eberhard's bottom line.

  The reason why the two sides didn't turn their faces was because of the strength he showed that made the other side a little bit jealous.

  At the same time, Tesla has not yet matured in the true sense, but has just taken a small step forward.

  As the true founder of Tesla, Eberhard is unwilling to be a puppet.

  This kind of unwillingness, he has seen it in Ma Yun.

  It is precisely because of this that Envision Capital's investment in Ari was promoted.

  As for whether Eberhard will deal with himself like Jack Ma will deal with venture capital in the future, it is difficult to say, but it is worthy of vigilance.

  Xia Jingxing was silent, as did Eberhard.

  Tapenning saw this, breaking the silence and said: "Defengjie also intends to invest in Tesla, they contacted me and Eberhard."

   "De Fengjie?"

  Xia Jingxing frowned first, then stretched her brows again.

  He said, how could Draper speak for Tesla so kindly.

  It turned out to be Tesla's idea.

  That all makes sense.

   "How did you think about it?" Xia Jingxing glanced at the two of them and asked.

   Eberhard’s face returned to a smile, “Defengjie is one of the most well-known venture capital institutions in Silicon Valley.

  They invest in Tesla, which is good for our brand endorsement.

  What I mean is to let them participate in the vote and make an extra strong ally. "

   "I have no opinion, just reduce the investment share of Waterfall Investment and Bezos Venture Capital, and just give it to DFJ."

  Xia Jingxing’s perception of Draper is not very good, but from a rational point of view, Tesla accepts Dfengjie’s investment at this time and opens the door to the investment institutions on Sandhill Road. There are many benefits.

  So, he also offered to give Bezos venture capital and waterfall investment shares, part of it to Defengjie.

  Of course, here is a little bit of his thoughts. The more dispersed Tesla’s equity is, the better, so that it is not easy to twist it into a rope to destroy it.

  His current shareholding in Tesla has reached a critical point, close to the 51% holding line.

  Eberhard and Tarpening are very wary of this.

  He guessed that when Eberhard first tried to test himself, if he gave in, the other party might have to make an inch.

   And he behaved like a hedgehog, so Eberhard did not dare to mess around casually.

  Now the two founders have come to test again. He deliberately relaxes a little bit to leave some hope for the two of them.

  In fact, he has never given up on the 51% holding line.

  It’s just that you can’t act casually, you have to take it slowly.

"That's great!"

  Eberhard smiled, "Mr. Draper originally worried that Darren had a prejudice against him.

  I told Mr. Draper to let him not worry.

  Because I know, Dai Lun, you are a man of great righteousness and wisdom..."

  Maybe I am a little worried that what I just said may offend Xia Jingxing and want to repair the relationship;

  Maybe he wanted to paralyze Xia Jingxing, Eberhard began to flatter Xia Jingxing.

  Xia Jingxing smiled and said nothing, with a steelyard in her heart.

  The three people discussed and determined the list of investors and the investment shares of each investor, and then began to send notification letters to the shareholders of SDL, Compass, and Value Equity Capital.

  In fact, these three companies are all small shareholders with very few voting rights. As long as Xia Jingxing, the major shareholder nods, all decisions made by Tesla can be freely passed by the board of directors.

  Of course, the form still has to go a bit.

  　Thank you book friend Qinghe Jianxian for your reward!

  　　

  　

  (End of this chapter)