My Age of Investment

afternoon.

The symposium starts on time.

Xia Jingxing sat quietly under the stage, watching Zhang Fan's various pretentiousness on stage, and talked about the way of venture capital, including how he has invested in several listed companies such as Baidu, Focus, and Kongzhong in recent years.

What are the conditions for success of these companies since their birth, and what are the characteristics of the founders that attract VCs, and why VCs are willing to spend money to support their dreams.

The gods and gods were babbling, mysterious and mysterious, without a single dry word, but they just stunned a large group of entrepreneurs in the audience, and thunderous applause rang out from time to time.

In terms of fame, Zhang Fan is indeed the most prominent figure in the Chinese venture capital circle in the past few years, winning several listed companies in a row.

It can be called a hot fried chicken in the investment circle, with top traffic!

The reason why Sequoia America chose him and Shen Beipeng as partners in China was due to Zhang Fan's unusual investment record. Shen Beipeng is a local listed entrepreneur with rich entrepreneurial experience, familiarity with the local market, and connections. There are resources.

The two complement each other in terms of abilities, connections, resources, etc., and it is easier to accomplish things.

Sequoia America has put a lot of effort into selecting candidates.

Xia Jingxing was drowsy when he heard it, and he felt a little regretful. He knew that he would leave after lunch, so why came here to listen to these unnutritious things.

"...The domestic investment circle has become a little impetuous since this year. I don't know if there are more people coming in or more funds raised.

But I want to emphasize that as GPs, we must be responsible for the money of LPs. Blind investment and bidding up the price of competition are not advisable.

Some investors insist on going their own way, and they will suffer bad results in the future, which will also bring a bad atmosphere to our industry. "

While speaking, Zhang Fan deliberately glanced several times at Xia Jingxing who was sitting on the right side of the first row, the intention couldn't be more obvious.

Li Zhengdong, the fat man who is the host, saw that he was getting off topic, and quickly interrupted, "I have a question. As an investor, Mr. Zhang Fan, how do you usually get along with the founders of the invested companies?"

Zhang Fan replied with a smile, "Naturally, we get along as friends. Whatever resources our fund can provide for the invested companies, we will provide them without reservation.

As far as I know, individual funds invested in other companies, drove away the co-founders, and swallowed up that part of the shares.

This cannibalism is very ugly, and I call it "predator funds".

I advise the entrepreneurs present to keep their eyes open when financing, not to be deceived, to learn as much as possible about a fund’s past history and achievements, and to judge the industry of a fund and its manager from multiple levels word of mouth..."

Li Zhengdong's face was a bit ugly, no matter what questions he asked, the other party could always make use of them.

This is their Qingke's home field, but it turned out to be a place to attack their opponents.

Many entrepreneurs in the audience, following Zhang Fan's gaze, glanced several times at Xia Jingxing who was sitting in the first row, and whispered.

The grievances between the two investment institutions are completely on the table.

"Okay, let's ask Mr. Wang Gongquan from CDH to share his investment experience."

Li Zhengdong suppressed the anger in his heart, his smile remained the same, but he still decisively ended Zhang Fan's speech ahead of schedule.

Zhang Fan originally wanted to say a few more words, but seeing that Li Zhengdong was already very dissatisfied, he didn't continue to do things. Anyway, his goal has basically been achieved.

Looking at the crowd whispering under the stage, Zhang Fan smiled slightly.

Isolating Vision Capital in the investment circle was only his first plan.

And the second strategy is to stigmatize and discredit Envision Capital in the entrepreneurial circle, and see who dares to ask for your investment in the future.

When Wang Gongquan shared his investment experience on stage, Li Ying, Fu Jixun and others were still complaining to Xia Jingxing with expressions of displeasure.

Fu Jixun said: "Boss, we have to pay more attention to it. If Dianping.com is not clarified, I am afraid that uninformed entrepreneurs will really think that we are black-hearted capitalists, which will cause a lot of unnecessary troubles in our work. Trouble."

Li Ying nodded, "That's right, I feel that Zhang Fan said this in front of so many people, just to make us smell bad, it's too hateful! The villain even sued first."

Xia Jingxing looked at the several subordinates who were filled with righteous indignation, and waved his hands, "He is at the end of his rope now, so he only knows how to use these small tricks. The most important thing about investment is the return!

The rate of return is high, you are the god of investment, and you can be called "really fragrant" even if you fart.

You see how good he is now, everyone believes what he says, and it is not supported by his investment record in the past few years.

Let him continue to float, let's just focus on our own affairs.

If you go to clarify now, people think we are "guilty".

As long as Dianping develops well, it will succeed!

The outside world will say "a strong man breaks his wrist, he is decisive enough", "kills Ma Su with tears"..."

Several people thought about it and nodded their heads.

In the final analysis, it is the investment record that determines how far an institution can go.

If you have a record, you can speak loudly enough, and your waist is strong enough. Whatever you say and do is right. this is the truth!

The afternoon meeting lasted until about five o'clock, when it was officially declared over.

Li Ying, Fu Jixun and the others drove home by themselves, while Xia Jingxing called Zhu Min and Deng Feng who had previously made an appointment, and went to the Chang'an club party together.

Chang'an Club is one of the four major clubs in Beijing, located in Chang'an Building near Tiananmen Square.

As soon as the three of them walked into the club hall, what they saw was a glittering golden dragon chair, which was highly realistic, much like the one in the Forbidden City.

There is also a fence around the dragon chair, which is only for viewing, and you cannot sit or touch it.

"In ancient times, I am afraid that the nine clans have to be exterminated, right?"

Xia Jingxing's words made Deng Feng and Zhu Min laugh out loud.

But in terms of facts, the high-end clubs in China have become more extravagant these days.

In order to look high-end, the American flag and the dragon chair are placed, each of which is more exotic than the other.

To use the fashionable words after many years, it belongs to "just getting rich, but the temperament has not kept up."

"I heard that Ms. Chen from Fuhua's ancestors were from Zhenghuangqi, and her roots are red. If it hadn't been for a change of dynasty, she would at least be a princess now."

Deng Feng's mouth was also bad, and he and Xia Jingxing teased in a low voice while admiring the dragon chair.

"Come on, both of you keep your voice down, it's not good to be heard!"

Zhu Min is much older than the two, so he needs to be more sophisticated in dealing with people, so he couldn't help but remind him.

"I just don't understand. How could Tang Seng fall in love with her as an old woman? There are so many female Bodhisattvas and female elves in Journey to the West, which one is worse?"

Deng Feng suppressed his laughter, and gave Xia Jingxing a thumbs-up. In terms of hurting others, this little brother was better.

Xia Jingxing smiled, and didn't continue to lose any more. This old woman Chen didn't start off very clean. It is said that her first pot of gold was in the name of "goods", and she took possession of cultural relics confiscated in the flood of humanity at a low price. Many places in Belgium have been speculating on properties.

In the 1990s, he returned to the mainland from Hong Kong with a large amount of investment, and transformed himself into a celebrity, a big real estate developer, and even ate Tang Monk meat, so he has no regrets in this life!

It's just that through the pictures and positions reported by the news media later, it can be seen that Tang Seng's life is not very good, and it seems that there is no hard food!

Vision Capital spent money to buy corporate memberships in the four major clubs in the capital, so after Xia Jingxing showed his membership card, a waitress with first-class looks, temperament, and figure led the three of them into a box.

After casually ordering a table of the top set meal for 48,888 RMB, Xia Jingxing chatted with the two of them.

"Jing Xing, there is a saying that I don't know if I should say it or not."

After chatting for a while, Deng Feng looked at Xia Jingxing and said solemnly.

Xia Jingxing smiled, "What's the matter? Let's talk about something, so what's the point?"

Deng Feng said slowly: "Zhang Fan has a lot of opinions on you. I feel that he wants to punish you. You should pay more attention."

Xia Jingxing nodded, "I know this, and I will take precautions."

Seeing that Xia Jingxing knew it well, Deng Feng didn't say any more.

"The three of us are all "outsiders". If we suddenly break into the investment circle, we will inevitably have a certain conflict of interest with the original "industry elders."

Zhu Min smiled and continued to analyze: "However, the domestic economy is developing rapidly, and the cake is also very big.

While there is competition, there will also be cooperation, and "competition and cooperation" may become the norm in the investment circle in the future.

All three of us came back from the United States, so it can be said that we are in the same spirit.

No matter what the future holds, we at Cybernaut and Northern Lights will stand by your side. "

Deng Feng nodded, "That's right, if you need any help from us, just let us know."

Xia Jingxing knew the elegant meaning after hearing the string song, and said with a smile: "No problem, there will be big projects in the future, and the three of us should support each other!"

Deng Feng and Zhu Min smiled when they heard the words, Xia Jingxing's words were exactly what they wanted.

The two of them had also known Xia Jingxing for so long, and they had a full understanding of his ability and strength, including investing in Penguin, which was not a big deal in their eyes.

Now the three of them are also considered outsiders, and they might have a conflict with the local households one day.

Although Sequoia China is also from outside, Shen Beipeng and Zhang Fan have been in the country for many years, and they are still different from the three of them, and they can be regarded as local households.

To help others is to help oneself, both of them see it very clearly, and they are prepared for any danger.

Xia Jingxing agreed without hesitation, after all, he was not afraid of Zhang Fan, or Sequoia's tripping him up.

He didn't quite know whether the two of them had been squeezed out by these domestic landowners, and the possibility could not be ruled out.

Sometimes, in order to compete for top projects, funds and funds also form groups, divide into circles, and form cliques.

An offensive and defensive alliance was simply reached, and the dishes were slowly brought to the table.

As expected of the top ingredients, the color and aroma are first-class. When Zhu Min was young, he caught up with the torrent of humanity and lived through many hardships. Looking at the table full of delicious food, he said "too expensive".

Xia Jingxing smiled. This old man like an old farmer is also worth a lot of money. Netcom's market value has exceeded two billion US dollars, and the stock price is rising well. The old man holds more than 10% of the shares.

The three talked and laughed happily while tasting famous wine and delicious food.

Zhu Min also talked about NetEase. He and Ding Sanshi are fellow villagers. Back then, NetEase's stock price was in the doldrums. Ding Sanshi once approached him and wanted him to save the market. Unfortunately, he didn't buy it, otherwise his value would be higher than Ding Sanshi's now.

It's a pity that there is no regret medicine in the world!

The old man felt sorry, but at the same time praised Xia Jingxing's good vision.

The two of them were very clear about Xia Jingxing's bargain-hunting on NetEase many years ago.

So the two almost never questioned Xia Jingxing's investment vision.

It is not ruled out that the two proposed an alliance, not only for self-protection, but also with a certain utilitarian idea, but if there is no use value, no one will want to play with you.

After the banquet was over, the three of them made an appointment to wash their feet together.

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