Capital.

22nd Floor, Dongyang Building, Wudaokou.

There are only two companies on the entire 22nd floor, and Huayi Capital and another private equity fund each rent half a floor.

Since Lei Dongming devoted himself to the management of Huayi Capital, he immediately began to build and improve the team, and now Huayi Capital has a professional investment team of more than 30 people.

In Lei Dongming's managing partner's office, Lei Dongming explained to Zhang Yida:

"Huayi Capital currently has a team of more than 30 people, and there don't seem to be many people, but they are all taking the elite route, and they would rather be lacking than excessive.

The company is divided into five departments: investment, operation, risk control, finance, and comprehensive.

The investment department has 9 industry analysts and 3 investment managers, and the specific work content includes: project screening, due diligence, investment model design, relevant document preparation, project negotiation, project management, project exit, etc.

The operation department has 6 financing managers, 3 project planning managers and 6 marketing managers, and the specific work contents are: implementing financing roadshows, planning fund promotion plans, fund marketing and market development.

The risk control department has 3 risk control managers, who are responsible for assisting the investment manager in conducting due diligence, and conducting investment value analysis based on relevant financial data, including enterprise valuation, investment returns, and finally giving project risk assessment opinions.

The finance department has 4 financial officers, who are responsible for participating in the company's financing plan, capital scheduling, management, and the calculation and payment of employee salaries within the company.

The general department includes 3 personnel administration and 3 drivers. Responsible for the company's personnel recruitment, attendance, as well as vehicle scheduling and maintenance. ”

"Okay, you can just make up your mind about this!" Zhang Yida said with a nonchalant look, Lei Dongming has worked in investment banks and also served as the chief financial officer of a start-up company, and he is an expert in venture capital.

Moreover, the shares of Huayi Capital are divided by 66.7%:33.3%, which belongs to the company founded by the two people, and the relationship between everyone is not like in Ruixiang, which is subordinate and subordinate, and now they are all equal.

So Zhang Yida has nothing to say. Venture capital, Lei Dongming is obviously much more professional than him.

"I recruit a lot of people in the marketing position, and our current fundraising ability is still a little weaker. Didi and Toutiao allocated $60 million in March, and we will allocate a second tranche of $60 million next month. ”

Speaking of this, Lei Dongming's expression was a little serious, he scratched his head, and frowned:

"We've raised $70 million in addition to the $60 million we allocated in March. But next month, with 60 million disbursed, only $10 million remains.

$10 million can't support the investment of several projects. I can't afford to invest in the middle and late stage projects, so I can only invest in the early stage.

Now the direction of our fund is still unclear, mainly in the early stage or in the middle and late stages?

What are the sectors to focus on?"

Zhang Yida also frowned when he heard these words, or the fund is not well-known enough. People raise hundreds of millions of dollars in a month or two, and they directly overraise. It is difficult for Huayi Capital to raise 100 million yuan in two months.

Moreover, the cost of raising is not small, and the annual management fee of 2% is directly transferred to third-party wealth management companies such as Yimin Wealth and Noah as a commission for distribution.

Retracting his thoughts, Zhang Yida suggested:

"Let's split it into two funds: a US dollar fund, mainly for mid-to-late stage projects, and a RMB fund for angel rounds and A rounds.

In terms of investment directions, my opinion is to focus on five directions: technology/media, healthcare, education and training, consumer goods/services, and industrial technology. ”

Lei Dongming thought for nearly a minute, and then said:

"That's a good suggestion!

With two funds, we can basically cover projects from early stage to mid-to-late stage.

The advantage is that you don't miss out on good projects, and the disadvantage is that the level of investment is very demanding.

And you have to be well funded!"

Speaking of which, he glanced at Zhang Yida, and Zhang Yida replied directly:

"The funds slowly figured out a way, and the shelves were built first.

Didi and Toutiao, which have been invested this year, should be star projects next year.

At that time, Huayi Capital will not be a nameless newcomer in the industry.

The investment in a good project has helped investors make money, but they are afraid that there will be no funds to enter?"

Lei Dongming smiled, he thought Zhang Yida was too optimistic, and then said:

"In terms of investment direction, I still think it's too broad.

The five fingers must be gathered into a fist, and only when they are punched out can they have strength. ”

"Do you think five investment directions are too much? ”

Zhang Yida felt that the several directions he chose were all popular directions in later generations, not bad! He wanted to hear what Lei Dongming had to say.

Lei Dongming heard that Zhang Yida's words were thorny, shook his head and smiled:

"These five directions are very good, I just think that our current fund size is still too small, and it is not appropriate to be too distracted.

In addition, our current 3 investment managers and 3 groups of industry analysts are focused on the technology and media, industrial technology, and consumer services sectors.

In the healthcare and education and training industries, we are currently not recruiting suitable investment managers and analysts.

Let's do a good job in 3 directions first, and then the scale of the fund will be expanded, and then it will cover the medical and education industries!"

Zhang Yida felt that Lei Dongming had some sense, after all, he was not reborn, and he didn't know how good the two projects currently invested by Huayi Capital would be in the future.

Therefore, it is inevitable that the style of acting is a little conservative, and I feel that it is difficult to raise funds, and the pace should be smaller to go steadily.

Zhang Yida will not argue with him, and the situation will be clear next year.

With a long breath, he asked:

"How's the magnesium blob going over there?"

Speaking of magnesium groups, Lei Dongming is interested, and now the position of the boss of the magnesium group buying is basically stable, the situation is already very clear, and investing in it is earning.

A few months ago, Zhang Yida instructed him to contact the investigation group, and now there are results.

Lei Dongming said with excitement on his face:

"This month, the magnesium group will launch a Series C financing round, with a goal of raising $300 million and valuing it at $3 billion.

Ahri is ready to lead the investment, followed by Blackshirt Capital and General Atlantic.

Mine also sent me a letter of intent to invest, and I haven't replied to us yet. ”

Zhang Yida nodded, the magnesium group has now become his obsession, and the three little giants have to get together to have fun!

Moreover, Huayi Capital has invested in three small giants, and they are all in the C round, which adds to the legend.

It will be of great help to Huayi Capital's fundraising work in the future!

......

Two days later, Lei Dongming called Zhang Yida and said dejectedly:

"Magnesium Group rejected our investment request!"

"What's going on?" Zhang Yida had almost guessed the reason, probably because of the pressure from the giants, but he still asked.

Ahri was their shareholder before, and Ahri disagreed. Moreover, several other institutions involved in this round of investment did not agree and jointly excluded us. Lei Dongming said with some loss, thinking that the matter that was certain had another twist and turn.

"Hehe, I knew it wasn't that easy. Zhang Yida sneered, and asked Lei Dongming to take the lead just to explore the way, and he still had a backhand.

Comfort Lei Dongming said:

"Don't worry! They blocked our investment, and we decided to invest.

You make an appointment with Huang Xin, and the two of us will talk to him alone. ”

"What did you ask him about?" asked Lei Dongming.

"You just told him that Huayi Capital is very optimistic about him to lead the magnesium group. As long as Huayi Capital is allowed to take shares, we are willing to hand over all the voting rights obtained to him. ”

Zhang Yida knows these founders too well, and everyone loves and fears venture capital.

Lei Dongming understood, and made a call to Huang Xin according to the words taught by Zhang Yida, Huang Xin really became interested, and the three of them made an appointment to sit together at night and talk about it in depth.

At night.

Zhang Yida and Lei Dongming were invited to a high-end hotel and met Huang Xin, who had been waiting for a long time, in the private room.

Originally, it was agreed to meet at 8 o'clock, but Huang Xin came half an hour early.

This small detail can actually show Huang Xin's attitude. Zhang Yida and Lei Dongming glanced at each other, and the smile on their faces became even stronger.

Huang Xin cut a big flat head, and his hair was slightly bald, which is estimated to be due to excessive use of his brain in commercial competition. Set up the glasses on his nose, Huang Xin went straight to the point:

"What the two of them said on the phone meant that as long as I agreed to let Huayi Capital enter the market, I would give the voting rights obtained to the management team of the magnesium group.

I don't know if I understand it correctly?"

"Yes, Huayi Capital is very optimistic about Mr. Huang and magnesium group.

We believe that under your leadership, the magnesium group will go to a higher peak. If someone else comes to bring it, we don't feel at ease.

Therefore, we are willing to give all the voting rights to your management, and you can sign the concert person agreement. ”

Zhang Yida is still very optimistic about this Boss Huang, the ruthless man who came out of the battle of thousands of regiments, and will expel the giants in the future. Business skill points are full, and they will become a big tool!

"Okay, I can agree to Huayi Capital's shareholding. But the share will not be too much, up to 50 million. ”

Huang Xin also replied happily.

Zhang Yida felt that it was a little little, but after thinking about it, there were Ahri and Black Shirt in this investment, the competition was too great, and no matter how hard Fei Fei was, he couldn't grab much share, after all, Huayi's foundation was still too thin.

Nodding his head, he said, "Okay, just 50 million shares." ”

After the next three rounds of drinking, the relationship became much closer.

Zhang Yida smiled:

"Brother Huang Xin, the future achievements of the magnesium group are limitless! It is very likely that the valuation of hundreds of billions of dollars will be reached. ”

Huang Xin laughed, looked at Zhang Yida and said:

"Why don't you talk about Rui Xianglan? It was established three years later than the magnesium group, and the valuation is on par with ours. The future will also become a generation of giants!"

"Giants, I don't think BAT will give us this chance.

When the new emperor ascends the throne, he will stand on the throne with the corpse of the old king.

In fact, the development to the point of you and me has long been targeted by giants. ”

Zhang Yida's face turned red and said drunkly.

Huang Xin nodded and didn't say anything more. After all, he is not young anymore, Ahri is still a shareholder, and he will not say anything more about this.

He felt that Zhang Yida was still too young, too simple.

Zhang Yida had a thought in his heart, so he said with a smile:

"You say, how about we unite Toutiao and Didi, and the four of them form a Justice League? ”