came out to relax, Fan Liancheng didn't have the heart to read the information.

After reading the reply, I first handed the document bag to a bodyguard who followed the boat and asked the other party to help put it away.

The middle-aged man surnamed Zheng has a full name called Zheng Hua.

In his early years, he studied in the United States, and later co-founded an Internet company with others, and was listed on the NASDAQ, cashing out and earning tens of millions of yuan.

After working as a private venture capitalist for a period of time, he felt that it was not much fun to make a small fuss, so he successfully climbed to Hongshan Capital through the resources accumulated in the United States that year, and then got 200 million US dollars.

These are the old things that Zheng Hua, who can't get off the ship for the time being, mentioned during his casual chat with Fan Liancheng when he was drinking, probably because he understands that investment depends not only on the company, but also on the people, so he wants Fan Liancheng, the "gold owner", to know more about himself.

"200 million US dollars, not too much, not too much, I see that the B2B business spun off by Alibaba is expected to raise 1.7 billion US dollars for development in November, and the mainland market is not small, and you can only invest in those start-ups. ”

Fan Liancheng took a sip of wine while speaking, and the atmosphere on the boat was not as lively as imagined, and there were many people who became restrained, and they were still in a small circle.

The only thing that is commendable is the night view, as the yacht sails upstream, after bypassing the section of Lujiazui, even the night scene becomes sparse, but only the wine is interesting.

was depressed by Fan Liancheng's big truth, Boss Zheng once again carried the beer bottle, poured wine into his mouth, and said:

"That company is very good, but it is stared at by too many people, now it is a little overestimated, it is estimated that it is a bubble when it is listed, and the really important business is not ready to be taken out this time, I think the payment software that is similar to PayPal is more interesting, and the B2C and C2C businesses are also more marketable."

I admit that the funds are a bit insufficient, but if it weren't for the shortcomings, I wouldn't have rushed all the way to ask where you are, and think about it from another angle, although the probability of success of a small company is low, as long as it is successful, the profit will be great, and my idea is to invest in those start-ups that are more promising and have already formed a scale. We have a population of so many countries, and we are willing to spend money on infrastructure, so many netizens in the future, the market will definitely not be small, I heard that several companies are engaged in research and development, research and development how to make mobile phones into computers, in case of real success, the cake can change from seven inches to twenty inches. As long as you seize the opportunity, everyone has to eat, if you want to eat a few years before I die, I can already retire, this time I really want to make Hongshan Huaxia bigger, you can definitely rest assured that you can supervise this piece. ”

I've heard people say before that these venture capitalists who want to take money are powerful, and even more powerful are the bosses of Internet companies.

Look at it now, it does.

Zheng Hua has not only engaged in the Internet, but now he is also a venture capitalist, accounting for both.

Recently, there are many people who came to Fan Liancheng with the project and asked him to invest money, because the news of the package sale of the shares of the casino was announced by the Huo Fund, and many well-intentioned people knew that he had plenty of cash on hand.

Fan Liancheng didn't say it everywhere, the buyer was more high-profile, and he was dug out by the Hong Kong City media, and as for the transaction of cashing out U.S. stocks, it has not seen the light of day, which does not prevent people from estimating the approximate cash size on hand.

Because Fan Liancheng decided to delay the inheritance for a period of time before officially inheriting the inheritance, he planned to delay the cancellation of the inheritance tax like Hong Kong City, and then avoid paying more than one billion taxes, of course, he did not find any problems.

Since money is involved, it is certainly not wrong to be more mindful.

Fan Liancheng has also heard of the so-called "smart phone", which is still a conceptual product in 2007, the first generation of Android operating system is in the stage of research and development, and Apple has just released the first generation of mobile phones in January this year.

I feel that the person next to me is a little interesting, especially about Alibaba, the idea of key businesses being divested coincides with himself, which shows that he has a long-term vision, not just by mouth.

Without giving any promises, Fan Liancheng asked with a smile: "I have almost come into contact with the trendy procedures in Silicon Valley, even if I don't go through your company, I can try to use funds to invest and finance, and create an offshore company to engage in venture capital business, why should I cooperate with you?"

The tone was not hostile, it was flat, as if it was small talk.

Boss Zheng replied decisively: "Because when it reaches a certain scale and has a reputation, Hongshan Huaxia can still develop in the direction of the fund, and earn management fees by absorbing funds, which is very beneficial to partners, even if the investment is not smooth, you can also make money through this aspect, look at the company name on my business card, Hongshan Capital Huaxia Fund, is not just a simple venture capital, in addition, as long as the mainland market continues to grow, both businesses may be profitable." ”

Fan Liancheng did not raise the bar, and continued to say that he could also run a fund.

He is well aware that Hongshan Capital has advantages, in addition to providing funds, it can also help operate, provide assistance for overseas listing, and have ready-made management experience, which are all conditions that he does not have, and only money is available at the moment.

Nodding in approval, he asked again, "If, I mean, if you are willing to invest, how much do you want to take from me, and how many shares can you give me?"

"50 million US dollars, accounting for 30% of the shares, the proportion of shares between me and the headquarters will be diluted partly, and I will be the founding partner together, and then we should not dilute the equity casually, let's engage in private equity together." ”

If it were Redmountain Capital of the United States, investing $100 million in it, it might not even account for 1 percent of the shares.

However, now this Hongshan Huaxia is just a start-up private equity fund with the signboard of Hongshan Capital, and there is not much capital or performance, and most of the 200 million US dollars are still obtained through private placement, that is, assets managed by others, which cannot be counted as the value of the company itself.

$50 million accounts for 30% of the shares, and the total valuation is more than $160 million, and after deducting the $50 million he brought in, Fan Liancheng doubts whether this private equity fund is really worth more than $110 million.

The information that had just been handed to the bodyguard was taken back into Fan Liancheng's hand, and after opening it, he looked through the part of the assets, and almost laughed out loud, and said: "The total assets you said are more than 300 million US dollars, not only do you add the money from the private placement, but even the part that is expected to be raised?" If you plan to raise 99.8 billion US dollars, won't the total assets be more than 100 billion US dollars, and 50 million US dollars for 60% of the shares is about the same, Boss Zheng, your price is a bit high. ”

Fang was misled, obviously overestimating the company's current strength, no wonder 50 million US dollars can account for 30%, and its own valuation is at most 40 million US dollars, and the brand value is also included, only to see the investment abroad, the returns are negative, and none of the companies invested in Fan Liancheng have ever heard of.

Zheng Hua was slightly helpless.

It's not been a day or two since I was short of money, and I've looked for other potential investors before, but it's like three schools listed, although it is called "Hongshan Capital", no one really takes it seriously.

I don't have a lot of money in hand, I invest a lot of money abroad, and now I am so poor that I need others to invest in me.

Don't look at Fan Liancheng and say that the United States Red Mountain Capital is willing to raise funds, in fact, there is no such thing at all, after more than two years since its establishment, it has lost a lot of money, and the companies in its hands have a mediocre response, and they will only cry poor all day long, and they will not be soft when they spend the financing money, this kind of performance has already made the United States have opinions.

Speaking carefully, in fact, the United States Red Mountain Capital is also a venture capital Zheng Hua, hoping that he can expand his business in Huaxia, of course, he will not support the branch without reservation, and one day he will stop the loss.

Although companies such as Alibaba, Tencent, and NetEase have emerged, external venture capital still does not pay much attention to China's Internet industry, while mainland bigwigs prefer traditional enterprises that can be seen, such as banks, real estate development companies, securities firms, etc., and the venture capital and private equity markets are quite sluggish.

Fan Liancheng is younger and more open-minded, so he was targeted by Zheng Hua, who hit a wall one after another and was anxious to get money to invest.

Boss Zheng is forty years old this year, and he was teased by Fan Liancheng, and his face was a little unbearable, but he was not really angry, and said:

"There is a premium for investment, and the signboard of Guanghongshan Capital is already worth a lot of money, not to mention that I am one of the earliest venture capitals in the mainland, and I know most of the entrepreneurs who have become a little bit of a climate in the entire Internet industry, and the resources are also valuable.

50 million US dollars, the highest maximum of 35%, it is really not only possible to go to private equity, but also to Hong Kong and Macao should be able to get it. ”

Fan Liancheng understood that the other party was trying to say that there was still a way out, and there was no need to hang himself on his side.

Although there are some doubts about whether a large amount of funds can be successfully raised under the current performance, it is also clear that the reputation of Hongshan Capital, the first Internet private equity fund in the United States, is really worth a little money, just like the name of several partnership real estate projects in the south.

Bow your head again and open the list of Internet companies that have invested, including a bit of visual media, flint software, AutoNavi software, Linong International, Asia media, Dianping, Aoshen Media, etc., in addition to the first day of this month, I just raised a catering company called Country Base, and invested 13 million US dollars.

Fan Liancheng didn't have the ability to foresee, and he doubted that there would be a bright company here, but he knew where all the money raised before had been spent.

Still didn't give an accurate answer, only said that I had to think about it, and I thought about going home to find someone to check these companies.

......

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