splendid star

Chapter 98 The Fission of Zhixin Venture Capital
"No, I don't agree with this!" When Meng Chenyu proposed at the meeting of the Zhixin Venture Capital team that he wanted to transform Chensu group buying business into Chensu takeout, partner Lin first objected, "In my opinion, we Just give up on the hot potato of group buying. I heard that many venture capital companies have been brought down by group buying in recent times.”
"Give up?" Meng Chenyu responded disapprovingly after hearing this, "It is impossible to give up. There is no turning back. As long as the main premise and logic of the established strategy have not changed, we need to stick to it. Mr. Lin, we are now What is being discussed is the temporary business adjustment and future development direction of Chensu, so please be patient."
"I'm talking about Mr. Meng, I know that you have a very good personal relationship with Mr. An, but you can't bet on the fate of our Zhixin! I don't need to say how tragic the current Thousand Regiments War is. Everyone here is deeply aware of it. Do you feel that? If we at Zhixin want to survive, we must withdraw decisively and choose to leave the market and switch to other fields. Why hang ourselves on a tree?" Mr. Lin replied sternly.
"Well, what Mr. Lin said makes sense. If we at Zhixin want to survive, switching to other fields is a way out." After hearing Mr. Lin's speech, Mr. Liang, a partner of Zhixin, nodded and agreed, "Today's group buying is a bit like the strongholding of Shanghai at the beginning of the last century. The winner in the end will definitely be Du Yuesheng and other owners who either have strong capital, a lot of resources, or are ruthless enough. I think Chensu will just forget it, An Although he is young and promising, after all, he worked in real estate before, and he was not ruthless enough. Besides, our Zhixin is not as good as giants like Sequoia and IDG, and we don’t have such strong funds to bet, so I don’t think the Thousand Groups War will happen. Chensu is destined to become cannon fodder. Mr. Meng, why don't you consider Mr. Lin's suggestion."
"We at Zhixin have spent a lot of money on Chensu. Now it is so easy to withdraw. How can we repay the money from the financiers? How can we retain Zhixin's reputation? I think Mr. Meng is right. The basics of China's Internet dividends are The premise and logic have not changed. The difficulties are only temporary. What we have to do now is to bite the bullet, make flexible adjustments appropriately according to the market, and concentrate on assisting Chensu to break through. In short, even if we want to exit, it will not be the collapse like now." Mr. He from the Zhixin team retorted.
Seeing that it was difficult for the team to reach an agreement, Meng Chenyu thought for a moment and said calmly and calmly: "It seems that Zhixin needs to make a key choice now. Let me make a statement here, Chensu, I will never choose to give up no matter what. , and even though Mr. An is still young, he is a rare business wizard. There are very few entrepreneurs like him nowadays. I personally feel that it is not necessarily impossible for Chensu to take the food delivery route."
As a major shareholder of Zhixin, Mr. Lin was extremely dissatisfied with Meng Chenyu's approach. He responded sternly: "Mr. Meng, if you continue to insist on your own way, not to mention Chensu, even Zhixin will be dragged into the water. . The family business that our brothers have worked so hard to create cannot be destroyed because of your selfishness."
Meng Chenyu replied with a sullen look on his face: "Mr. Lin, what you said is a bit serious, isn't it? Although Chensu's capital chain is tight now, it has not yet reached the point of bankruptcy. Mr. He is right, we Zhixin now seem to have In fact, there is no way out. Exiting now is equivalent to defeat, and the mess will be difficult to clean up. And if we fully assist Chensu in transforming and breaking through, and even successfully go public, Zhixin will not only be able to exit smoothly, but also make a lot of money. pen."
Mr. Lin shook his head while listening, and then replied with a half-smile: "Mr. Meng, I have heard rumors that the China Securities Regulatory Commission may suspend IPO approval in a few months! If the IPO listing is suspended, I don't know. How long will it take to stop during this period? It may be a few months, or it may be a year or two. Can we, Zhixin, afford the wait? By then, Zhixin may be riding a tiger with no way out, with no way out and only a dead end."
"Suspension of the IPO? Mr. Lin, who did you listen to? You can't say this nonsense." Mr. Liang was shocked when he heard it and asked quickly.
Mr. Lin shook his head noncommittally and replied, "This is inside information. I'll let you know in advance."
"In fact, it may be better for our country's Internet companies to choose to list overseas, which will be more conducive to the company's future development. To be honest, I have already paved the way for Chensu to go overseas in advance." Meng Chenyu replied with a smile.
"Still overseas!" After hearing this, Mr. Lin smiled contemptuously, and then teased, "I say Mr. Meng, people call you a wise man. How come you don't turn your head when you meet Mr. An!" It is said that women in love have zero IQ, but Mr. Meng, your IQ is not online either!"
After hearing this, Meng Chenyu smiled awkwardly.Other people present also laughed.Meng Chenyu smiled and asked: "Mr. Lin, what do you mean?"
Mr. Lin continued to elaborate on his point of view: "According to the current development situation, I think 99% of group buying companies will fail. It is very uncertain whether Chensu can survive now, so it is really irrelevant to consider where to list. . In fact, there are many new businesses on the Internet, so why bother focusing on a group purchase."
After hearing this, Mr. Liang asked with great interest: "Mr. Lin, you just said that you suggested that our Zhixin switch to other fields? Do you have any good ideas?"
Mr. Lin replied confidently: "I heard that P2P has developed well in China in the past two years, and the prospects are very broad. Venture capital has begun to invest in this emerging field. I strongly suggest that Zhixin give up group buying, seize the opportunity, and switch to Come to P2P.”
"P2P? Isn't it just Internet finance? It's like credit?" Mr. He asked.
"P2P finance, also called P2P credit, is a type of Internet Finance (ITFIN). The full name of P2P is Peer-to-Peer. It is a private small-amount lending model that gathers small amounts of funds and lends them to people in need of funds. The interest rate is higher than that of banks." At this point, Mr. Lin looked around and saw that everyone was listening quietly, so he cleared his throat and continued to elaborate somewhat smugly, "In a long period of time , the financing needs of China's small and micro enterprises have never been met from indirect financing channels such as banks, which also provides space for the development of domestic P2P financial platforms. In just two or three years, China's P2P finance has emerged from scratch. It has strong development potential. In terms of earning power alone, P2P is much better than group buying.”
"It is indeed a good investment field." After hearing this, Mr. Liang nodded in agreement.
"Listening to what you said, I don't think it's very reliable! Although the interest rate is higher than that of banks, it seems to solve the financing problems of small and micro enterprises, but in other words, isn't this actually equivalent to competing with banks for food? Can the country allow it? Will the policy continue to leave gaps? So P2P is making money right now, but the risks later are too great!" Mr. He shook his head, obviously not very agreeing with this proposal.
Meng Chenyu also elaborated seriously: "Mr. Lin, you know, I have always been opposed to getting involved in Internet finance. It is too speculative. I still advocate choosing the main investment entity. If the country wants to be strong, it cannot be separated from the development of the real economy. .”
After hearing this, Mr. Lin shook his head and said no more.
After the meeting, Mr. Lin came to Meng Chenyu's office and said straight to the point: "Mr. Meng, since you strongly oppose switching to P2P, I won't say anything more." At this point, he paused and observed Meng Chenyu. But seeing Meng Chenyu lowering his head and looking at the information in his hand without saying anything, he continued, "Mr. Meng, to be honest, a venture capital firm with stronger capital has already extended an olive branch to me, and their company is the main investor. P2P, after careful consideration, I decided to withdraw from Zhixin.”
After hearing this, Meng Chenyu sighed, put down the information in his hand, looked at Mr. Lin and replied calmly: "There is no mutual agreement. Since Mr. Lin has made the decision, I wish you a prosperous future."
After hearing this, Mr. Lin smiled and replied: "Mr. Meng, you can take care of yourself, I'm leaving."
After Mr. Lin finished speaking, he turned and left Meng Chenyu's office.
Looking at Mr. Lin's leaving figure, Meng Chenyu crossed his hands and placed them in front of his forehead, sighing deeply.The start-up team of Zhixin has been through ups and downs along the way, but we are all in the same spirit.Things are unpredictable and people don't last forever. This team is about to fall apart.
Besides, since An Chen had a long talk with Meng Chenyu Xiangshan, he planned to find an opportunity to have a good chat with Yu Yang. He wanted to analyze it from his perspective as a city manager and see if he had any good suggestions for the future development of Chensu.
"Mr. An, from my personal point of view, if this continues, Chensu's future is indeed worrying. To be honest, many of my brothers have either defected to other larger group buying companies or simply changed careers. I believe this situation must be common in other sites across the country." After listening to An Chen introduce the current difficulties faced by Chensu, Yu Yang frankly shared his insights.
"Then do you have any good suggestions?" An Chen asked.
"Mr. An, I suggest that Chensu switch from the current agency model to a direct operation model, which will make it easier to manage in a unified manner. To be honest, there are so many sites across the country, so many city managers, and everyone is a mixed bag. I heard that not There are few city managers who collude with merchants to defraud the head office of money and then leave. If we switch to a direct operation model, where the head office sets unified rules, coordinates management, and implements a promotion system, the effect should be good A lot." Yu Yang said.
After An Chen heard this, he kept nodding his head: "Well, it turns out that the problem is different from your perspective. I have adopted this suggestion. In addition, do you think it is feasible for Chensu to switch its core business from group buying to takeout? ?I also want to hear your opinion."
"Converting group buying to takeout? Doesn't Chensu have a takeout business at the moment? But it doesn't seem to be very profitable in this area." Yu Yang replied with concern.
"Yu Yang, do you know why the food delivery section of Chensu Group Buying is not profitable now? Because the model is wrong, and it only accounts for a small part of the group buying business. Now I want to build Chensu into a professional Internet platform for food delivery, and make the rest Cut off all the business and turn all existing salesmen into takeout delivery persons. From the perspective of a city manager, what do you think? Is it feasible?" An Chen asked.
"Mr. An, are you planning to perform major surgery on Chen Su?" Yu Yang asked in shock.
An Chen replied firmly: "Yes! If you don't break it, you won't establish it! If Chen Su wants to survive, he must do this, otherwise he will boil a frog in warm water and die."
"Okay! Mr. An, no matter what you do or how you want to do it, I will fully support you! Although I don't quite understand what you are saying, and I can't give you any constructive suggestions, but I also clearly feel that Chensu It's time to transform." Yu Yang replied sincerely.
"Thank you, Yu Yang, my good brother!" After hearing this, An Chen patted Yu Yang's shoulder gratefully and said.
(End of this chapter)