Lu Liang had joined during the Series A funding when Mobike was valued at ten million US dollars, and he invested just three hundred thousand to acquire a 3% stake.
After numerous rounds of stock dilution, his 3% had dwindled to 2.168%, a decrease of 0.832%, yet the value had increased by 33.6 times.
"It seems like a considerable gain," Lu Liang muttered quietly, though Li Bing still heard him despite the volume. Suppressing the urge to roll his eyes, he remarked, "It's mainly because you have a good eye."
The returns on venture capital are high, often reaching multiples of ten or even a hundred, but failing is often the norm.
Lu Liang was an exception; whatever he aimed at usually hit the mark.
It was thought that ofo would make him stumble, but unexpectedly, the guy ran faster than a rabbit.
He had early on sensed issues with ofo's business strategy and discreetly cashed out during the Series B funding.
The profit wasn't substantial, but it was undoubtedly the best timing.
