Introduction: as founder of the funny car videos here, from preparations for capital and shareholding structure, know that in this era of capital-driven, good use of equity financing is an important factor in business success. Qichezhijia major shareholder owners has today (6.27), can also be taken out of the case analysis.
As members of the industry, watched qichezhijia from a new player to vertical websites understanding, constant efforts and leverage the power of capital into the industry first. Qichezhijia now because ownership concerns, there are a lot of people management team rough, also expressed that he would like to quit prematurely, before losing their benefits.
Qichezhijia competitors as loved card veteran and a qichezhijia was born about his entrepreneur, also want to share with fellow entrepreneurs over the years about my personal view, qichezhijia capital operation, let us start making more informed decisions for the future.
Qichezhijia is an excellent team
Although not many positive contacts, but Li Xiang, old Wei, Han lu, down-to-earth attitude is impressive. Even if they have left qichezhijia, but still.
Qichezhijia founder Li Xiang
For example, a while ago a + product line. At a very early age, qichezhijia came to our office team detailed quality a + features, onion rings and and cars further cooperation possibilities. At that time we just said the new program of the Kaka says early and prepare for, but they keep on asking new show progress we were surprised.
As leading vertical media Web sites for motor vehicles, we don't see they have any proud attitude, instead of constant communication see it, this is a team of enthusiastic and very strong executive power.
Capital for qichezhijia here
In 2006, love it is sold to CBSi,PCAUTO in Hong Kong. And then qichezhijia just created, if not a large profit expand in the short term, fell by the wayside, or competitors far behind is Yes. While qichezhijia relies on PCPOP (bubble net) to blood transfusion.
At that time, IT hasn't started leather vertical sites, but IT vertical website and the competition fierce. Ahead at least ZOL (Zhongguancun) that relies on combined offers with much greater channel capacity of IT168. Make money like bulkhead PCONLINE (technical support) is also losing market share.
Meanwhile, the auto industry looks a lot, but this is a higher threshold for industry, customer insight is very high. In 2006, or portal or even flat-headed, the influence of vertical sites and customers are climbing.
Cars was relatively conservative when customers are not sure is a good thing, there is no one wants to spend money trying. For qichezhijia the hardcore strong media style, cash flow as the biggest problem. And financing has become the only way.
Finance decide fate
Ten years ago, everybody's understanding of capital was very superficial. At that time, also without 3W coffee, Zhongguancun Street, so few people on Angel, a round, financial investors and strategic investment, IPO has a deep understanding. Establishment of the corporate structure became the most common natural defect, rhythm grasp is for first-time entrepreneurs and financing more of a challenge, is the key to control.
Love card sold prematurely to CBSi, still qichezhijia sold absolute control over the o in one breath is distant at the time. The main difficulty is the financing channels do not like so much of the year, as today as long as the company is promising, FA, investors seek every day.
Australia Telstra
Qichezhijia an excessive proportion of an angel round of funding prematurely dilutes a lot of equity, foreshadowing the stage may also be out of control. But the less technically absolutely, mainly entrepreneurs judged to Angel investors.
As the then-young Lee, to sell a high proportion of shares to Angel investors, professional managers to do their bosses, are very impressive. So that's qichezhijia o took more like financial investors money, fill it up with oil, all the way up to a successful IPO in New York.
Qichezhijia NYSE listed
And my bad luck a lot, CBSi headquarter's centre of gravity is not due to strategic acquirers in the Chinese market. Love cards and ZOL, the media is more like Americans in China's cash cow. Not only for the highly competitive media industry, is undoubtedly a slow suicide.
My ten-year ordeal, after several years of management efforts until late last year, thrilling successful MBO (management buy-back) in order to allow us to see my reborn. Even so, this ten-year period, is bound to be running slow.
Love truck founder Zhang Jingqiu
So my first big deal of the privatization is to spend money to buy Baidu mobile PC double Aladdin traffic entrance, according to the autumn in Beijing is the money spent to make up, which makes me the older employees feel no good time to catch up.
Interest and equity
Both Wang and Qin achieve, was to leave the management team are anticipate results. Wang gave up ownership of the moment, signed at qichezhijia sell 55% shares to Australia at the time, management team they should deeply realize that the child is not yours.
Caused by qichezhijia CEO before the Qin dynasty
No one would suspect the founders love for enterprise and pay, but you want your business to grow, is to risk and compromise, and accept everything that happens after. In other words, if there had been no Australian acquisition, not to say qichezhijia whether the IPO, could survive in the competition are unknown.
Although Lee wanted to just take a small stake, but compared to a decade ago, regardless of personal wealth, personal branding and experience in venture capital financing, can help smooth in his new career development. Management, including Qin Zhi, a limited life time on the more important things, and people who like to do things like turn the Israeli-Palestinian confrontation and new shareholders are more valuable. MBO did not succeed, but it's bold attempt, with no regrets.
For Christmas and o, and the transfer is a success of mergers and acquisitions. Left vertical media safe car entrance is not on the market, this acquisition is said to have attached great importance to and by the ping an Group Chairman of fencing.
A voice said, ping an Trust Fund for three years to buy equity means speculative dealers. This I do not agree. Technically speaking, the Fund following the expiration of peace can continue to use other means of controlling shares remain in their control range. Just hundreds of dollars Really helps to boost
Strategically speaking, qichezhijia for peace is priceless. Safe and qichezhijia has a large number of heavy vehicle users, this strong combination of methods allows qichezhijia have a new business model changes. Even the use of the flow inlet, ping an's profits will be higher than the hands down the difference.
New pattern and new changes
Replacement of large owners, qichezhijia to enter the frustrating stage, business was affected by some for sure. Vibration size depends on the way of peace.
Qichezhijia's biggest competitor, whether it is rumoured to merge with the qichezhijia, or continue to quietly work hard, are an excellent opportunity to go all out to break. Love card, although volume is not as big as the two, this decline is also good chance to narrow the distance.
Above is my personal views on the qichezhijia the acquisition. Auto vertical experience is very important in my career, I love this work seriously, and has great respect for practical competitor. Wrote impromptu moments on the plane with their share.
Looking ahead, it will be better tomorrow.
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