My Age of Investment

Xia Jingxing gave Wang Wei a meaningful look, and the latter blushed immediately, "You know, now Tudou.com still can't afford copyright investment. But I will always remember your favor.

I have nothing to repay, I can only put this kind of gratitude into my work.

With 200% work enthusiasm, Tudou.com will be done well and will be listed in the future.

Allowing you, the shareholder, to make money is also my heart to repay. "

Xia Jingxing couldn't help but laugh, this is the painting on his own head.

Regarding copyright funds, for him, making money is only one aspect, and the other is to better control Tudou, and even the entire video industry.

Wang Wei also knew that Xia Jingxing was hoarding copyrights at this moment with the idea of ​​making a fortune.

Deeper, Wang Wei didn't think about it. Because in his opinion, whether copyright is something that can make money in the future is a matter of debate.

But Xia Jingxing is rich, and hoarding videos in his hands will also guarantee the future of Tudou.com, so he has no reason to stop it.

"The Copyright Fund has just been established, and I'm still looking for a manager."

Xia Jingxing smiled and said, "Don't worry, I promise to use the collected videos for free for Tudou for three years, and I won't break my promise.

But if the copyright industry starts to be regulated in the future, then the brothers will have to settle accounts clearly. "

Wang Wei nodded, "I understand, after three years, the scale of Tudou.com should be ten or twenty times larger than it is now, and there should be money to pay you by then."

"Okay, then it's settled."

After speaking, Xia Jingxing and Breyer left Tudou together.

The two found a western restaurant nearby and chatted while eating.

Breyer cut the steak with a knife and fork, and said while eating: "Modu is a good place, the steak here is better than the one in San Francisco."

"Is it the same with investing?"

Xia Jingxing guessed that Breyer had something to say.

as expected!

Blayer put down his knife and fork,

Wiping his mouth, he smiled and said, "Daren, you are now fully entering the venture capital market in China. Have you ever thought about finding a strategic partner?"

Xia Jingxing said with a smile, "Aren't we partners?"

"I'm talking about that kind of strategic partnership."

Breyer stared at Xia Jingxing and said with a smile, "I think everyone in the world underestimates you. Your talent in the venture capital industry is no less than that in Internet entrepreneurship."

Xia Jingxing guessed that Breyer's remarks were based on Skyp's withdrawal from the case.

Then, Breyer actually brought up Skype.

"It would have been nice if you had introduced Skyp to Axel, but what a pity!"

Breyer shook his head as he spoke, almost beating his chest.

"I said dude, you don't want me, or Envision Capital to help you introduce projects in the future, do you?"

Breyer was very thick-skinned, nodded and said: "Yes, that's what I mean.

In the future, you or Envision Capital will invest in projects, you can let us know, and we will invest in the next round, or follow up with you.

With our joint efforts, we will be much more relaxed and less risky when operating a project.

In particular, we have cooperated so many times. Axel invested in Facebook, co-invested with Facebook in Youyoumi, and now co-invested in Tudou with Vision Capital.

We have a foundation of trust with each other, and we have joined forces to let us run the venture capital market in China and the United States.

Of course, Axel will not take advantage of you all. We have good projects, and we will share them with Vision Capital.

You have to know that we Axel used to be known as one of the top five venture capital investors in the world! "

Xia Jingxing smiled and said, "You know, that was in the past."

If the cheating factor was not considered, Xia Jingxing felt that Breyer's request was reasonable and fair.

Like DFJ and IDG, Sequoia China and ZhenFund are all group CPs, working together to conquer the world.

But he has a golden finger in his hand, so there is no reason to judge others' interests casually.

In the cooperation between Youyoumi and Tudou.com, Xia Jingxing has the consideration of circumventing the non-compete agreement.

Otherwise, he wouldn't be bothered to play with Axel.

Breyer pondered for a moment, then replied: "Daren, don't reject me in a hurry.

We must know that in today's society, wealth and power are concentrated in the hands of a small number of people.

Axel has been operating in the United States for more than 20 years, and we have a lot of hidden resources in our hands.

If there is such a thing as grabbing a project, it will definitely be much easier with Axel's help.

There is also post-investment management services for companies. Let me be blunt, Vision Capital has done a terrible job in this area. "

The post-investment service hit Xia Jingxing's pain point. He justified, "Isn't this the year when Envision Capital officially started operation? Post-investment service can be sorted out in a year or two rather than a few months."

Breyer nodded, "With Axel's help, you can shorten this process."

Xia Jingxing waved his hand, "It's better not to, we have our own characteristics, instead of becoming a copy of Axel.

In fact, I'm already working on this.

In another year or two, you should see a brand new Vision Capital. "

Seeing Xia Jingxing's firm attitude, Breyer didn't continue to lick his face and beg for cooperation, he shrugged and said, "Well, that's really a pity.

I'm going back to America tomorrow, if you change your mind, you can call me anytime. "

"I have a cooperation plan, do you want to hear it?"

Breyer suddenly became interested, "You say."

Xia Jingxing said with a smile, "Axel set up an independent investment institution in China, like Sequoia Capital China."

Breyer rolled his eyes, "Then you want to be Axel's backstage funder?"

Talking to smart people is easy, Xia Jingxing only said the first half of a sentence, and Breyer guessed the second half directly.

Xia Jingxing smiled and said, "What do you think? Just borrow your signboard and pay you a brand licensing fee every year."

"That's not a good idea."

Breyer shook his head like a rattle, "We are an investment institution with a glorious history of 22 years, how can we sell our own brand.

Another way of cooperation, for example, Vision Capital and Axel each contributed half of the capital, and everyone shared the risk. "

Xia Jingxing wants to set up a shadow fund to invest in projects that are not convenient for Vision Capital to invest in.

Axel was chosen because the opponent has a foreign brand, which can be used as soon as it is brought, saving some time for laying the foundation.

Of course, he is also a living sign himself, and has injected his influence into Vision Capital.

It can be said that he turned Vision Capital into a star capital by himself.

However, it seemed superfluous for him to set up a fund himself, and at the same time exposed the target.

"How about this, you invest 10% of the funds in, and I will contribute the remaining 90%.

Every subsequent fund of Axel China will invest according to this investment ratio. "

Breyer raised his eyebrows, "What about Axel China's operating profit and fund profit share?"

"Of course it's still 19 points!"

Xia Jingxing smiled lightly, if an investor invests 100 million yuan in a fund manager, agrees that the annual management fee will be 2%, and the fund profit will be divided into 20%, which is also the usual "2+20" in the industry.

Five years later, the size of the fund reached 200 million yuan, and after deducting the management fee, there was still 190 million yuan left, and the net profit was 90 million yuan.

80% of the 90 million will be allocated to investors, and 100 million principal will be allocated together;

20% of the 90 million yuan belongs to the investment institution, which is 18 million yuan. Including the management fee of 10 million yuan, the total income of the investment institution is 28 million yuan.

This money needs to pay for the daily personnel expenses of the investment institution, the project bonus of the fund manager/partner, and the rest will belong to the founding partner of the investment institution—the real big boss.

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