Internet 2010

Chapter 271: Dream Fund

The worship time did not last long. m. First, clean up the place belonging to Chen He and Ye Ping, say goodbye, offer some things and flowers, and the matter is over.

During the process, Lu Zhou didn't have much to say in his heart. The one I think about the most is probably "the mother and the child are safe".

After the end, the two men drove separately and parted ways at the highway intersection. Lu Zhou returned to Guangnan, while Lu Yong went to his hometown.

When he arrived at Guangnan University Town, he just got out of the car when he received another email from Ding Zhongcheng.

Compared to the email from the night before, this one is more detailed.

Early the next morning, Lu Zhou made breakfast as usual, and went to work after packing up the house.

It was exactly nine o'clock when she arrived at the company, a little later than usual. Meng Xiaoqin had already gone to work. She had just walked out of Wang Wenjun's office with some materials in her hand.

"Senior. This is the information you need."

Lu Zhou took the things in Meng Xiaoqin's hands and walked into his office with her, "When will Mr. Ding tell you to come?"

"Nine thirty. Senior."

Lu Zhou nodded slightly, "Go to Menggu upstairs to pay and confirm the progress of the related work. Mr. Fang should be working on some things at the moment. You can ask her to provide me with a detailed document."

After all, Lu Zhou sat back at the desk, while Meng Xiaoqin went upstairs after listening to his instructions.

Lu Zhou thought about what to do while looking at the information. After the B round of Menggu Advertising, the funds available for Mengguang to move are around 300 million. And Mengguang now has a monthly revenue of over 30 million.

According to Luzhou's vision, that is, Chuangmeng and Menggu pay 100 million yuan each, and the rest will be used as funds for Mengguang's operation channels and promotion.

I guess so. But the fund of Chuangmeng will be disclosed at the next Dream Valley Developer Conference. This is a spectrum, and it is still necessary to increase the amount of funds.

"Penguin can get a 5 billion industrial fund, and Menggu can get a 1 billion dream fund. It's not too much."

At least it sounds a little more confident.

When Lu Zhou said it at the developer conference, if there is no movement for a year and a half, it will be easy for others to understand. After all, there will be a preparation period, but if it takes a long time, the money that should be given must be given. Get it.

There is still a gap of 900 million yuan waiting for Luzhou to fill.

Of course, one billion is just a statement, and Lu Zhou still needs to communicate with Ding Zhongcheng before confirming something.

It passed in less than half an hour.

Meng Xiaoqin walked up to Lu Zhou, "Senior, Mr. Ding is here."

Lu Zhou nodded, and Meng Xiaoqin went out to receive Ding Zhongcheng into Lu Zhou's office.

Ding Zhongcheng entered the door, Lu Zhou got up and walked out of the desk, shaking hands with him, "Mr. Ding is early."

Ding Zhongcheng smiled, "I've been waiting for President Lu for a long time."

Lu Zhou motioned to sit by the coffee table, "No, you came on time. Sit, I'll make tea."

Ding Zhongcheng, "That's rare haha."

The two have known each other for a long time, and they are familiar with each other, but Ding Zhongcheng's words sounded "you're welcome".

Lu Zhou pressed the kettle, "Brother Wang is forcing it. This is a man of the world, and a young man like me has to learn it slowly."

"Very good. It is considered to be out of the programmer's work, and take time to do more coordinating things."

"It really can't be lost, let's take care of both. Some are too professional, and you still need more guidance."

Ding Zhongcheng smiled without saying a word, Lu Zhou's shrewdness has long been seen, and now there is no ordinary board of directors to face Maimang, but Lu Zhou's posture is like a sincere young man.

At least that's how it looks.

Of course, take people's money to save people's disasters. Lao Lin sent him to Mengguang, except that the meaning of supervision has some "assistance" meaning, and with Mengguang's salary, he still knows what to say and what to do.

"Mr. Ding, let's talk about the details of your previous email."

Ding Zhongcheng sneered, the young man's straight-forward temper was no different from Lao Lin.

"you say."

Lu Zhou nodded slightly, "The first is the Dream Creation Fund, which has to be a private equity venture capital fund, mainly for equity investment in start-up companies. It operates in the form of a partnership, which means that Mengguang provides funds, and then the management team operates it. .And the management team needs to have two qualifications, one is the qualification of private fund managers, and the other is the qualification of fund sales.”

Ding Zhongcheng interrupted, "The latter item, Lu always doesn't have to think about it. We will give some help here."

Lu Zhou took the kettle and poured it into the teapot, "Okay."

Ding Zhongcheng, "In fact, there are many ways to operate such funds, trusts, deeds, limited partnerships, and companies are all available. The history of limited partnerships to operate venture capital funds in China is not too long, I really have to say it. It only takes three years, but it is a relatively mature practice abroad.”

"Please." Lu Zhou rushed tea and placed it in front of Ding Zhongcheng.

Ding Zhongcheng took a tea gift, "For Chuangmeng, our dcm will solve the qualification problem of the management team for Mengguang, and then we will use the general partner gp of Chuangmeng Fund to invest 1%, while Mengguang will use the The limited partner lp contributes 99% of the capital. After the fund is established, the gp is responsible for the daily fund management.”

Lu Zhou, "What do you mean by separation of management and ownership?"

Ding Zhongcheng, "gp bears unlimited joint and several liability to the main body of the fund, and lp bears liability limited to the subscribed capital contribution."

After hearing it, Lu Zhou understood that although the general partner made a small investment, he needed to be managed and assumed unlimited joint and several liabilities. And limited partners, to put it bluntly, pay money, no matter what, they will bear as much debt responsibility as they give.

Ding Zhongcheng took the tea cup and continued, "Of course, in practice, the structure of the entire fund will definitely have some nested structure. For example, the gp of Chuangmeng is itself a fund.

And if Chuangmeng hopes to accept other sources of funds for investment, it can also be used as a gp to establish a sub-fund.

Of course, for the top level, there is a certain leverage effect. For example, under the two-level nesting, an institution can control a fund of 100 million yuan with only 10,000 yuan.

However, this is an example. Huh, don't take it seriously. "

Lu Zhou, "Accept other funds?"

Ding Zhongcheng smiled slightly, pinching his joints.

"For example, Mengguang, we count as a corporate investor. Then, under the name of Mr. Lu, Mengguyun and WeChat can also contribute capital as a limited partner of the fund itself or set up a subordinate fund to form a separate institution.

As for others, public pensions, university investment institutions, other vc/pe institutions, bancassurance trusts, and government agencies are all a statement.

Just about money.

as long as you have the patience. "

Lu Zhou, "…"

He took a sip from the teacup.

"Well, let me stroke it."

Lu Zhou added tea to Ding Zhongcheng.

"Mengguang invested 100 million as a limited partner, and Mr. Ding, you led the establishment of a management team with an investment of about one million. This team, as the main body of the general partner, can be a company or a partnership. Thus, the Dream Creation Fund was established.

The management team is responsible for day-to-day investment operations, while Mengguang does not involve specific operations.

In the follow-up, if Mengguyun and WeChat have the same demand, the form can be changed.

For example, with Chuangmeng Fund as the general partner, Mengguyun and WeChat as limited partners, and then Chuangmeng a and Chuangmeng b are established.

Or if the Chuangmeng Fund operates properly and attracts other funds such as funds, Chuangmeng c can be established in the same way.

In the operation of these projects, the Chuangmeng Fund itself can obtain abc's annual management fees and dividends for the success of the project. "

Ding Zhongcheng raised his teacup again, "That's understandable. The actual execution is much more complicated."

Lu Zhou, huh. "Borrowing money to make money" Well, Ganqing Lao Lin is also a working emperor who works for "money".

If so, the next developer conference will be bragging by Lu Zhou. It shouldn't be difficult to blow a billion. Afterwards, it is just right to go round with the ability.

"Then, what if the investment strategy of the management team conflicts with Mengguang's original intention of setting up Dream Creation?"

This should be a big problem. Seeing the way of this fund, if Mengguang operates the Dream Creation Fund like this, then he is just a moneymaker. The initiative in investment management is in the hands of the management team.

Ding Zhongcheng narrowed his eyes slightly, "Of course things can be solved. Or Lu always has his own team to do it."

Lu Zhou, "…"

There is also looking for you to dry the hammer.

"The general partner is run by the company. Mr. Lu can contribute either personally or from the company. The higher the proportion, the more board seats, and the natural influence on the decision-making of the entire management team.

As for the implementation, you can leave it to a professional person to solve it. "

"learn."

After clarifying the matter, Lu Zhou assured Wang Wenjun to come and connect with Ding Zhongcheng.

"In this way, Mr. Ding. I understand the basic situation. But the detailed agreement and fund establishment, I think it will take a lot of time to run in.

Next, I will explain some of my requirements to Wang Wenjun. We will talk about it after you have initially determined a framework agreement. "

Lu Zhou got up and shook hands with Ding Zhongcheng again.

After the two were polite, Ding Zhongcheng also went to contact Wang Wenjun first.

Lu Zhou was still sitting at the coffee table and poured some tea by himself.

Mengguang was the earliest established, and now the management system is becoming more and more perfect. The number of employees and departments is increasing.

In the technical department, the front-end is divided into several subdivided positions, and the back-end is divided into various functional modules, the server maintenance is separately connected to Menggu Cloud, and the data analysis and processing are grouped separately.

In the past, when it was first created, it was brought out that Pan Feiwen, Dong Junda and others were responsible for the whole part.

What programmers do is becoming more and more meticulous, and the company's business exposure is narrower than the previous few people. From the product manager's request to the complete process, the communication cost is higher than before, and the time period for task rotation within the team in this department is also a lot longer.

The customer service position is now divided into separate docking between advertisers and developers.

Of course, compared to large companies, Mengguang still operates faster.

And here, because the job functions are becoming more and more refined, the manpower strategy set by Wang Wenjun at the earliest has also been put on the agenda. It mainly involves mechanisms such as new employee training and in-service employee retraining.

So when it comes to this meeting, Lu Zhou does not need to intervene at all in the execution of ordinary work, and there is no need to intervene.

To dismantle Chuangmeng, firstly, it will operate in a more standardized manner, so as to facilitate the future Chengmenggu Ecological Group Army, and at the same time, it will allow Mengguang to focus more on the business itself, and prevent Chuangmeng from giving management such as Wang Wenjun and Fang Qiang. Brings too much management pressure. Furthermore, it is to prevent the management of Mengguang from having too much power.

Mengguyun is slowly following the steps to make these management optimizations. After all, Song Wenhui is also a veteran, so what to do is obvious.

On the contrary, WeChat has not been so smooth in this regard. Of course, this is also to meet the rapid development and iteration strategy of WeChat itself, and the personnel are naturally streamlined and streamlined. WeChat still needs to wait for a little more stability before it can go this route.

Fifty million users sounds like a lot. It can be said that it is possible to hang Feixin Wangwang, but there is always a penguin staring at the head, which is not a reassuring magnitude.

At least a billion. Lu Zhou thought.

According to the current development of WeChat, it will be half a year later.

Lu Zhou got up and looked out the window. Mengguang's office in the Science and Technology Park was not high on the floor, and the scenery was not very special.

"It's barely an equal opponent." Lu Zhou said to himself with a smile.

He stretched out long and let out a heavy breath.

"Xiaoqin!"

"Senior here."

"Menggu's payment should be put aside first."

"Senior, Mr. Fang said that she would arrange for someone to come down to meet in the afternoon."

"Okay. You arrange two things first. Wechat Wei Toutiao, you ask the team leader to come and report on the progress of the work. The second is the matter of the Guangnan data center. You can sort out the information given to you by Assistant General Song immediately. ~www.wuxiaspot.com~ I confirm some details, and I need to communicate with President Song in the afternoon."

Meng Xiaoqin nodded, "Okay. But WeChat employees usually start work at eleven o'clock."

Lu Zhou, "…"

These night owls really are.

In particular, there is a senior old cat Cheng Xuyuan, these employees are really "unscrupulous".

There are two madhouses in Menggu, one is WeChat, the other is Menggu Yun Lao Wen's group. It is common to reverse the habit of black and white. After all, many jobs have to be queued until late at night.

Lu Zhou scratched his head. He now goes to work at nine o'clock in the morning and goes home at ten or eleven in the evening. The two madhouses are two hours later, and the get off work time may be even later.

It is not crazy to survive.

"Is Brother Wang planning to get a gym on the Mengguang floor?"

Meng Xiaoqin was stunned, the topic of Lu Zhou was a bit jumpy, "Ah? Well, yes."

Lu Zhou, "Let Brother Wang expand the venue and make arrangements for the employees of WeChat and Mengguyun."

Meng Xiaoqin, "…"

"Okay. Arrange the work. The team leader of Wei Toutiao, you can arrange for him to come over in the afternoon. You can do the work of the Guangnan data center first, and give me an answer before lunch."

Meng Xiaoqin's body trembled slightly when she heard it. The boss's stance was learned in just two days. Time was a little tight.

"Okay. I'll do it right away."

When Lu Zhou saw Meng Xiaoqin leave the office, he sat back at the desk again.

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