My Age of Investment

magic capital.

In a suite of a luxury hotel on the Bund.

Xia Jingxing sat on the boss chair, looked at the laptop screen on the desk, and laughed a little from time to time.

On his left side, there is an antique bookshelf full of various books and classics, and on the right side is a huge floor-to-ceiling window overlooking the endlessly flowing Huangpu River.

There is also a huge ink mural on the back, and on the top is a brush calligraphy of "the best is like water".

The floor is covered with imported carpets, which are extremely soft and comfortable to step on.

This is his temporary office in Modu. The location and scenery are quite satisfactory to him, but the decoration and layout are a bit old-fashioned, which doesn't quite suit him.

However, considering that it was a temporary office, he reluctantly tolerated it.

It has been two days since Focus Media acquired Frame Media, but public opinion has just fermented.

Right now, he was looking at the sensational headlines and exaggerated content of the media.

"Brother Rao, look at this."

Xia Jingxing turned the computer screen to Rao Lei who was sitting opposite him.

Because the desk is a bit big, Rao Lei's four eyes still can't see the content on the computer clearly, so he moved the computer to his side, and read the content in a low voice.

""Ax refers to the investment circle, who else"."

The picture accompanying the article is a cartoon, a cartoon ax is slashing down vertically, and opposite is a group of stick figures, marking investors A, B, C, D...

"Vision Capital was established in the middle of 2004. At first, there was only one hedge fund with a management scale of 36.75 million US dollars - Lixia...

Today, Envision Capital has nine funds with a management scale of more than US$4 billion, with investments spanning China and the United States...

The two exit cases of Skype and Frame Media show us the extraordinary vision of Xia Jingxing and Envision Capital.

Qing Piao Piao invested 700 million U.S. dollars in Ahri, which gave us a glimpse of the powerful strength of this investment tycoon.

Let's look at a few more sets of data. As of October this year,

According to incomplete statistics, domestic and foreign institutions engaged in venture capital in China raised a total of US$4.033 billion in new funds, making it the year with the largest fundraising in the history of Chinese venture capital.

For example, SoftBank Asia has just completed the second-phase fundraising of nearly 640 million US dollars;

Sequoia China completed the first-phase fundraising of more than 200 million US dollars...

China's VC industry is becoming more and more lively.

There are successful Chinese entrepreneurs like Xia Jingxing, Deng Feng, and Zhu Min who have returned to China with huge sums of money, there are local successful entrepreneurs like Shen Beipeng, Zhou Hongyi, and Lin Xinhe, and there are also cutting-edge VCs who have jumped ship from established funds.

Zhang Fan, former managing director of DFJ Global Fund, joined Sequoia Capital China Fund as a founding partner;

Xu Xin, the former president of Baring Asia China, founded Capital Today and served as managing partner and president;

...

With this year of capital and talent reshuffle, we predict that China's venture capital industry will become more and more exciting.

In addition, with the increase of hot money in the industry, good projects will also fall into fierce competition.

We estimate that VC competition will be fully launched in 2006.

For example, when the project is basically negotiated, another company suddenly rushes in to squeeze in a share of the pie by raising the price or directly pry the project away.

Don't think it's alarmist!

Compared with the newly raised new funds of more than 4 billion US dollars this year, the Chinese venture capital market last year invested a total of 233 companies with an investment amount of 1.057 billion US dollars..."

The article was too long, and Rao Lei read it, but he felt tired, so he stopped reading and finished the article silently in his heart.

Then, he raised his head and looked at Xia Jingxing.

Xia Jingxing picked up the wolfberry tea on the table and took a sip, then smiled and said, "How do you feel?"

"When I read the title of this article, I thought it was killing our Vision Capital."

Rao Lei laughed "hehe", "Who else! This is so arrogant.

You may not know it abroad. At the end of last year, a movie called "Kung Fu" was released in China. It was filmed by Stephen Chow, and Xiaogang Pao made a cameo in it, playing a particularly arrogant club boss. The golden sentence "Who else "It has become a hot word on the Internet..."

Xia Jingxing nodded. He was abroad in his previous life, so he didn't see this movie when it first came out. Later, he watched it on a pirated website. This has to be admitted.

Of course he knows this trick!

That's why he smiled so happily when he saw the title and picture.

"Although the title is a bit alarmist and exaggerated, the specific content is still very objective." Xia Jingxing stared at Rao Lei, "What do you think?"

"That's right!"

Rao Lei nodded, "Actually, you don't need media reports. You can also learn from friends around you that VC startups suddenly became popular for some reason."

Speaking of this, Rao Lei gave Xia Jingxing a meaningful look, "I think it has something to do with you."

"What does it have to do with me?"

Xia Jingxing shook his head, 2005 was a crucial year for venture capital in China.

Although it has been 13 years since IDG opened an office in China in 1992, China's venture capital investment has gone through 13 years.

But before, it was all small fights, out of order, out of scale, out of system.

But this year, the investment institutions that have been active in China's venture capital market for more than ten years are basically all here, and people from all walks of life come to the stage and start to write their own investment legends.

"The cost of your two investments was less than 10 million U.S. dollars, and you made more than 300 million U.S. dollars. Do you think anyone is jealous?

Just this more than 300 million US dollars can be ranked in the Forbes list of China. "

Rao Lei still stubbornly feels that Xia Jingxing has had a profound impact on the industry. Even if this impact has not been fully reflected now, it will definitely attract many successful entrepreneurs to follow suit in the future.

Xia Jingxing didn't argue, just smiled, and then asked: "Others, what do you think we should do next?"

Rao Lei knew that he was testing himself, so he lowered his head and pondered.

At present, the due diligence of Youyoumi has been completed, and the company has been officially handed over to Thousand Oaks.

He rested for a few days, and then flew to Shanghai to report to Xia Jingxing.

I ran here full of joy, but I didn't even have an office, so I just shrunk to work in this hotel.

Including him, there are three people in Vision Capital, a boss, an investment manager, and a driver.

If it wasn't for his familiarity with Xia Jingxing, he would have dealt with it directly as a leather bag company.

After thinking for a while, Rao Lei replied: "I think we are going to race against time."

Xia Jingxing raised his chin, indicating to continue.

"Jing Xing, think about it, so many new funds have been born this year, and the typical money is more than the project, and the competition will intensify next year. It is not alarmist.

Why next year?

Because many new funds, like us, are still at the start-up stage, sorting out their own investment methods and cultivating their teams.

In addition, this year, I think the industry has a lot of turnover. Can you seize the time to find a few investment managers who are familiar with the local market to join the Envision Capital China team? "

Xia Jingxing nodded, "That's very good, we really should exert our strength.

The office in Beijing is under renovation, and the office in Shanghai is still there.

It's been a hard trip for you these few days, first confirm the office in Shanghai.

Don’t worry about human affairs, I have entrusted Hanergy to let go, and Envision Capital will hire talents with high salaries.

In just a few days, I will interview in person in Shanghai to establish the key members of the team. "

Seeing that Xia Jingxing had already thought of everything he could think of, Rao Lei didn't say much, nodded and agreed to the matter.

"Hey, by the way, look at the name of the media that reported it, the data is quite detailed."

Rao Lei glanced at it and replied, "ZeroZero Research Center."

"Oh, them."

Xia Jingxing nodded to show he understood.

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