My Age of Investment

Following Zhao Jun and reporting to work was Deng Yuanjun.

He briefly reported the development of eleven companies including Huaqin, Wingtech, Lens Technology, Everwin Precision, Luxshare Precision, GigaDevice, OFILM, Sunny Optical, Dongshan Precision, ATL, and CATL.

Then, he talked about the case he was following.

"Mr. Deng Feng from Northern Lights introduced Spreadtrum Communications to us. He intends to attract us and Cybernaut Investment Group to invest in this mobile phone chip company."

Xia Jingxing nodded, Deng Feng was still very kind, and whenever he had good things, he called his friends to share them.

Of course, this is also because Spreadtrum Communications is no longer a start-up company, and Northern Lights, an institutional investment, is risky and somewhat unbearable.

"Spreadtrum was founded in 2001 when Dr. Wu Ping brought more than 30 Chinese students studying in Silicon Valley back to Shanghai Zhangjiang Science and Technology Park.

From the beginning of its establishment, Spreadtrum aimed at the direction of TD-SCDMA, but the implementation of domestic 3G communication was slow. In order to ensure the company's income and cash flow, Spreadtrum has been tossing about 2G/2.5G business these years, which involved a lot of time and energy, resulting in The scale of the enterprise did not increase rapidly.

At present, they have completed four rounds of financing and are planning the fifth round, which is the E round of financing.

After this round of financing, Spreadtrum should go public before 3G is fully rolled out, because since the investment in 2001, venture capital institutions have been waiting for five years, and there is a certain pressure to exit. "

Deng Yuanjun smiled and commented: "This is a good company. There are more than a dozen venture capital institutions among its shareholders, and it is very popular."

Xia Jingxing understood Deng Yuanjun's subtext, so he just reminded himself, don't hold out too much hope, it's good to be able to participate, you can't vote alone.

He knew that Spreadtrum Communications was a company that was well-known in his previous life. Although it has entered the late stage, the rate of return is still considerable, because the dividends brought by 3G have not yet been reflected in the valuation of this company.

"Can you talk more, let us lead the investment."

Deng Yuanjun knows the boss's investment style, and he likes to take heavy positions, often occupying 20% ​​or 30% of the shares.

This article has also become the basis for ridiculing Envision Capital in the circle, the gambling is too heavy!

In fact, Deng Yuanjun didn't feel that the boss was a big gambler, maybe he was used to it, because even a company with such a large scale as Ari,

The boss dared to spend 700 million US dollars and took 23% of the shares.

Compared with this investment, other investments of several million dollars, ten to twenty million dollars, can only be considered a drizzle, not as big as Ahri's investment.

When it comes to heavy positions, Ari's is the real heavy position.

As long as there is no problem with Ari, a small loss will not hurt Vision Capital at all.

What's more, each of the eleven companies invested by the mobile phone industry merger and acquisition fund has passed through him, and he is personally responsible for the due diligence. He doesn't think there is any problem, and they are all companies with great investment value.

"Okay, I'll try my best!"

After taking over the task, Deng Yuanjun also reported the funding situation of the mobile phone industry merger and acquisition fund.

The eleven companies invested, excluding CATL, invested a total of 173.85 million US dollars, and spent two-thirds of the 250 million US dollars in cash.

In terms of capital consumption, it is second only to Bailu Fund, which spends the most money, and ranks second among funds under Vision Capital, ahead of Jingzhe Fund.

Xia Jingxing naturally still said the same thing, don't save money, just build it for me, invest it hard, and raise the second fund if it's gone.

With the boss's words, Deng Yuanjun felt relieved, and he didn't have to worry about running out of money and falling into an embarrassing situation.

Then, Zhang Zhao smiled and reported: "Mr. Xia, according to your instructions, I traveled all over the country's state-run and private TV and film production companies in the past few months, and finally spent all the 16 million US dollars."

"It's all over?"

Xia Jingxing was slightly surprised.

The same is true for other executives, who are very curious about how they spent it.

Zhang Zhao explained with a smile: "No one has talked to them about buying online copyrights for these TV series and movies before, and they are all "free use".

After I came to the door, everyone was very happy, probably did not expect such a "windfall" delivered to the door. "

Xia Jingxing and all the executives were amused. To do this, in the eyes of others, is really stupid, like a money-losing boy.

Zhang Zhao said with a smile: "I was also afraid that they would kill me severely, so I deliberately picked and picked in the library, not wanting this one, not that one.

In the end, a company only picks a few films.

They watched from the side and secretly worried. On the basis of the original low price, they gave me a 50% discount or a 30% discount, and wanted me to get all their film libraries.

Mr. Xia, you said such a good thing, can I refuse? "

Zhang Zhao paused, then said with a smile: "I still refused, and I bargained with them again, and finally, one by one, they bought out all the film libraries."

Xia Jingxing smiled lightly, Zhang Zhao explained the ups and downs of this process, didn't he just want to claim credit.

He understood very well and nodded, which was considered a credit to Zhang Zhao.

Sure enough, seeing the boss nodding, Zhang Zhao suddenly smiled, and then reported: "After the circle found out that I was a money-scattering boy, many film and TV production companies contacted me and invited me to come and collect waste products.

I just pedaled on three wheels... oh no, I flew around by plane.

In China, Tianyu Media, Huayi Brothers, Enlight Media, Tangren Film and Television, Hong Kong’s Shaw Brothers, Golden Harvest, China Star, Emperor, Wanwan’s Era, China TV and other TV stations...

In mainland China plus Hong Kong and Taiwan, I have visited almost all the famous TV and film production companies.

There are TV dramas that cost a few hundred yuan an episode, movies that cost thousands of yuan, and movies and TV dramas that cost hundreds of thousands of yuan. Our copyright fund has accumulated more than 5,000 movies and 100,000 episodes of TV dramas. "

Hearing this number, everyone was a little dumbfounded, this is simply Chinese cabbage.

Is sixteen million dollars a lot? The equivalent of RMB is only more than 100 million. Look at this posture, I am afraid that it has caught all the movies and TV series produced by the Chinese in the past 100 years.

"Are "Crouching Tiger, Hidden Dragon" and "Myth" in it?"

Li Ying was very interested in copyright funds, so she couldn't help asking.

""Mythology" is jointly invested by China Film and Emperor Entertainment. Since it was just released a few months ago and it is still hot, it took nearly one million yuan to win it.

"Crouching Tiger, Hidden Dragon" didn't win. The people from Columbia Pictures asked for a high price, one million dollars, and only authorized the network broadcasting rights in mainland China, and the authorization was only for five years. The conditions were too harsh. ! "

Xia Jingxing smiled, Yankees are not so easy to fool, and there have been precedents for the purchase of foreign Internet copyrights, they fully realize the value of copyrights in their hands.

As for the country, he was the first to eat crabs, so he was able to transfer the copyright to his home at the price of cabbage.

This is what Boss Jia did at the beginning. The average cost of a TV series or movie copyright is 15,000 yuan.

Zhang Zhao suddenly said: "Oh, by the way, when it comes to authorization time, this is also quite particular."

"Why do you pay attention to the law?" Xia Jingxing asked.

"First of all, my country's "Copyright Law" stipulates that the copyright protection period is only 50 years, regardless of whether the copyright belongs to an individual, a legal person or an organization, there is only such a long protection period.

For example, a movie released in January 1956 can now be used casually, no matter whether it is played on the Internet or offline, no one will be held accountable. "

Zhang Zhao said with a smile: "The films and TV series filmed in Hong Kong, Wanwan, and the Mainland in the 1980s and 1990s have been released for more than ten or twenty years. Once the period is taken down, it can be used until the copyright is invalidated.

The film and television works that entered the new century after 2000 are not good enough. Except for a small number of which have won the authorization period of more than 40 years, most of them are only willing to grant authorization time of five or ten years. "

Xia Jingxing frowned, "Add some money, can you extend the authorization time?"

"No, I tried."

Zhang Zhao shook his head and smiled wryly, "Mr. Xia, these people are not fools, let's not mention old movies and TV dramas, new movies and TV dramas are much more attractive to the audience.

This is determined by the quality of the film, shooting techniques, including action, fighting, plot, etc. Most old films are not as good as new ones.

These people are shrewd, even if I wear my mouth, even if I don't give in, I will only cheat... and get a small part of the long-term authorization, which is less than 10%.

They should also be waiting and watching, wanting to see if the way of online copyright is feasible.

If it works, I want to buy it in the future, but it won't be so cheap.

And they didn't lose too much, because they have to shoot new dramas every year, and the copyrights of new dramas are only valuable, and one old drama is worth a hundred. "

Xia Jingxing nodded lightly, "Okay, it's not bad to be able to do this, I'll credit you for it."

Zhang Zhao smiled, "Then Mr. Xia, what should I do next?"

Xia Jingxing glanced at Zhang Zhao, who lowered his head and smiled, as if a little embarrassed.

"Don't worry, I will remember everything I promised you!"

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