Even the astronomical valuation of seven billion yuan no longer seemed so hard to swallow.
"Black Ant Capital will be a Series A investor. I'm prepared to offer you 3% of the shares."
Qi Sheng was reluctant to part with too many shares.
However, Spicy King's expansion did require capital.
Developing slowly just wasn't his style.
Naturally, he had to use other people's money to fuel his own venture.
Use the VC's money to grow his own business.
Then, he would buy back the shares later on—a perfect, closed-loop business model.
'With the mandatory buy-back rights, I have no reason to worry about VCs refusing to sell their shares.'
'As long as I pay the current market price or valuation, the system will compel the VC to hand over the shares without a fuss.'
Of course, for a VC like Black Ant Capital that was getting in on Series A, they were guaranteed to make a killing.
But sometimes, having the eye to spot gold is what matters most.
