Just three days ago, the company of the operating entity of the East Oden (Beijing) Management Consulting Company was changed from Dai Wei to Chen Zhengjiang (one of the founding teams of ofo). After the incident came out, industry insiders speculated that this was either a sign of Dai Wei’s exit or a preparation for a lawsuit against the supplier. Consumers are concerned about whether their deposit can be recovered after the change of legal person.

In fact, corporate changers are not unusual in themselves, but ofo changers are at the most difficult time, which inevitably makes people think. In my opinion, this is precisely the re-sublimation of ofo infighting, the founding team and investors want to take Dawei out. Because under his perseverance, theo almost offended the "Golden Lord", and now faces the dilemma of no one willing to take over.

Ofo founder Dai Wei

NO1, and "Big Brother"

Speaking of ofo, you have to mention the drip, the market has many rumors that the merger will buy the ofo, and finally they are vetoed by ofo, quite a sense of mutual strength.

In fact, ofo and Didi have many common shareholders, such as Ali, Jinshajiang Venture Capital, Wang Gang and Jingwei China. It is with this relationship that Di Wei, the founder of Didi, has been taking care of ofo. In addition to participating in the previous rounds of financing, theo will also be connected to the App, hoping that theo will grow up after the growth. Used to make up the last mile of the drop.

However, contrary to expectations, Cheng Wei did not expect that Dai Wei’s control over ofo was so strong that the contradictions between the two sides were launched around April 2017.

At that time, ofo was facing difficulties in bicycle maintenance and research and development of new products, but its scale was too large and management could not keep up. Didi sent three generals: Fu Qiang and Liu Sensen. Of course, the trick is also the best preparation for future mergers ofo. However, Didi and theo management are very different in many things, such as whether oro is merged with Mobai, who is dominated by the combination of ofo and Didi.

The contradictions between the two sides intensified, and Dai Wei finally became angry. In a conversation with Fu Qiang, he uttered rants: "The people who drip gave me away fromo!" After that, Dai Wei directly took Fu Qiang and other senior officials to take a vacation. Officially and "big brother" dripping. Drops are naturally not vegetarian. I will launch a green orange bike and do it myself!

It’s really awkward to get to this point. Perhaps, for the post-90s entrepreneur, ofo may be the best project he has ever encountered, and he is not willing to give up control of the child.

NO2, regardless of the interests of investors

The end of 2017 is an important turning point for shared bicycles. Jinshajiang Venture Capital Zhu Xiaohu proposed a merger proposal to Dai Wei. He believed that the end of 2017 was the best time for the merger of ofo and Moby. If it is not necessary to continue to fight and fight, once the founding team's shares are diluted more than 50%, it makes no sense. There is no doubt that this young investor has refused.

An ofo investor recalled that almost all shareholders supported the merger, and only Dai Wei disagreed: "He put his rights above the interests of all investors." Finally, Zhu Xiaohu, who did not want to go out, could only get $3 billion. Valuation, the sale of ofo shares to Ali and Didi. According to industry insiders, after Zhu Xiaohu, other old shareholders also wanted to sell the shares of ofo. After all, the situation of shared bicycles became more and more complicated, and the money burned was too much, but no one was found. Now, ofo wants to find financing again, it is difficult to be like the sky.

I have to say that Dai Wei is still too young, too confident, but ignores the most important point: this is the project that capital is born, how long can it live without capital?

In addition to the above, Ali also gave ofo a chance to merge. That is the second half of 2016, Ali wants to merge the ofo and Yongan. But Dai Wei refused. He felt that ofo was small at the time but it was expanding fast, and eager to merge was too bad. Finally, Ali turned to Haro cycling. Today's Haro bicycles are getting better and better, and they are in stark contrast to the internal and external troubles of theo.

Looking at the current situation, ofo bicycle damage is too much, can only take two paths: either financing to replace the bicycle, or to be acquired. However, after experiencing the above incidents, there was basically no drama in the financing, and the Didi was in a mess, and the road ahead could not help but worry.

The biggest chip of theo now is the license and the government's "restriction order." Ali's Haro bicycles are currently mainly in the second and third tier cities, and they are not in the first line. They also need ofo to contain the Mobility bicycles, otherwise they will not lend money to theo in the near future. If the oo is good, it is the best policy to get out as soon as possible. Otherwise, the old cars will be forcibly cleared, and the green and bicycles will be able to enter the first-tier cities. The ofo will be worthless.

For other founding teams and investors, they may have been really scared by Dai Wei’s stubbornness. He was worried that he would only smash the moth in the merger. For Dai Wei, ofo went to this point and had a relationship with him. It is not known to find a "scapegoat". But no matter what, our deposit on ofo may not be able to get back.