As a person who has personally experienced the bankruptcy of a top investment bank on Wall Street, this investment income from Autohome is not enough to make Ding Lexi look good, and after thinking about it in his heart, his expression is still flat as usual.

In his opinion, it doesn't matter whether Li Xiang is telling the truth or the tricks in business negotiations.

In business dealings, first-class masters only need to make moves, and second-rate masters will see moves. For the development of Autohome, he has already made up his mind that he will not be disrupted by any interference.

In the future, China's automobile consumers and industries are migrating to the mobile Internet, as long as Autohome can form a closed loop of transactions, solve the problem of connecting people, automobile products and after-sales service, and optimize the user experience, then it will be invincible.

In this era of Internet entrepreneurship, where people are bold and prolific, as long as the status of the major shareholder of Galaxy Investment will not change, it will surely obtain a lot of investment returns.

The problems of the Autohome are easy to solve, but the problems of each group are more tricky.

After knowing that Ding Le came to the imperial capital on a business trip, Wang Xin took the initiative to invite Ding Le to inspect the company, because he had no rice to cook. In a few months, he not only burned the entrepreneurial team's own funds, but even the money of the angel round of Galaxy Investment was exhausted, and he urgently needed to start the A round of financing.

Different from Autohome's No. 1 in the industry, Wang Xin sold Fanno.com, founded each group, and found the blue ocean of local life service group buying in a red sea, staggering to compete with giants, but at the same time he also has his own troubles.

According to the latest news released by the American group-buying website Groupon, the website, which has only been established for 7 months, has already made a profit and raised $140 million. For a while, VCs and entrepreneurs who were eyeing the new model in the United States were stimulated.

"Now all the cafes in Zhongguancun are talking about Groupon!"

After meeting Ding Le, Wang Xin began to pour bitter water, and with the rise of Groupon, websites have been launched in China.

When Ding Le heard the handle net and the wowotuan, he once again determined the butterfly effect in his heart, because they should not appear until next year, and according to this time schedule, the "Thousand Group War" will not be too far away.

"Who are the investors in Series A?"

Before deciding whether to follow the pitch, Ding Le first asked Wang Xin about the new participants.

"Sequoia Capital!"

Wang Xin and Sequoia Capital have known each other for a long time, and the two sides have been in contact from the school intranet to Fanno, but there has been no formal cooperation, and this is the third contact between the two sides.

Hearing Wang Xin say the investor of the A round of financing, Ding Le couldn't help but feel a little distressed, but history still followed its original trajectory.

"To follow or not to follow?"

Ding Le was a little entangled in his heart, the fundamental purpose of the angel round investment in each group was to successfully win the Fanfu network, and then upgrade and develop Weibo, rather than being really optimistic about the development of each group.

You must know that in the previous life, Meituan was a well-known money-burning black hole in the Internet industry, raising more than 4 billion US dollars, but did not achieve profitability until 2016, with a loss of up to 6 billion yuan.

A start-up company, from its establishment to listing, will go through several rounds of financing, and this process is also a process of big waves.

Through the analysis of many startups, Ding Le found that only less than 10% of startups can get the money of the C round of financing, 90% of the startups will fall on the threshold of the C round of financing, and from the C round to the final IPO, a number of will continue to be eliminated.

Ahri's teacher Ma once said that today is cruel, tomorrow will be even more cruel, and the day after tomorrow will be beautiful, but the vast majority of people will die tomorrow night.

Ding Le was a little uneasy about Wang Xin's financing plan at first, but he was a little moved when he watched Wang Xin gushing about the company's business numbers.

In the previous life of 2016, Meituan has become an irreplaceable part of people's daily life, and Wang Xin's entrepreneurial process and personality characteristics have long been picked up by various financial media.

There is a popular saying in the venture capital circle, investment is to invest in people. When you don't know anything about a certain industry and a company's business model, you can only rely on the observation of entrepreneurs to make decisions.

Therefore, at the beginning of investment, we must look for those entrepreneurs who are reliable, have a real sense of the overall situation, have a mind and have execution. And Wang Xin still meets the requirements in this regard, thinking of this, Ding Le has a decision in his heart.

So, Ding Le waved his hand, interrupting Wang Xin's introduction, and he said magnanimously: "Okay, you should tell these data to those investors, I'm not interested in this!"

Wang Xin was suddenly stopped by Ding Le, but for some reason, the air in the conference room froze, and the atmosphere was a little awkward for a moment.

Ding Le continued: "I invest in each group entirely because of your personal charm, as long as each group has you, the future will definitely not be bad!"

No matter what he thought in his heart, the words that came out of Ding Le's mouth were extremely moving.

Ding Le's words made Wang Xin a little moved, starting a business is never smooth sailing, and in the process, it can be said that he is extremely lucky to meet an investor who understands himself. As the old saying goes, Maxima often exists, but Bole does not.

"You go and talk to Sequoia, no matter how much they end up pitching, we'll follow suit!"

Ding Le has the impression that Sequoia Capital has intervened from Meituan's Series A round and has not been absent in all subsequent financings. Galaxy Investment followed the first two rounds of investment, and then there were exit opportunities. The Meituan used to be a first-tier investment institution.

"I can't stay in the imperial capital for a few days, and the follow-up will be handled by Mr. He and you!"

Ding Le reassured Wang Xin, and at the same time as he said this, He Jun also took the initiative to show favor to Wang Xin.

It was noon after the meeting, Wang Xin kept Ding Le for lunch, and Ding Le also wanted to have in-depth contact with the senior management of each group, these people are all future Internet industry bosses, and it will definitely not be wrong to have a good relationship at this time.

For dinner, He Jun accompanied Ding Le back to the branch office, where two female employees were stealing vegetables, and they happened to be bumped into by Ding Le and He Jun. During the work, the employee deserted and was the big boss, and He Jun's face was a little unbearable.

Ding Le waved his hand, signaling that He Jun didn't have to make a big fuss, and the employees were not robots, so it was not inappropriate to be lazy and relax occasionally.

Seeing the employees "stealing vegetables", Ding Le remembered to be alone.

"Is there any new situation on Chen Binghao's side?"

"I was going to report this to you!"

This time Ding Le went on a business trip to the imperial capital, and the most important thing for He Jun was to report to him the recent situation of Happy Network.

After several upgrades by Chen Binghao, "Stealing Vegetables" has been upgraded from a simple game to an interactive online game, and "Stealing Vegetables for All" has swept the entire Internet.

He Jun's introduction is very detailed, from the industry dynamics to the recent development of Kaixin.com, and the data collected is also very comprehensive.

After listening to He Jun's introduction, Ding Le concluded: "Even Brother Xiao Ma has come in, and the interest pattern of the vegetable stealing game is about to change!"

"QQ Farm has only been online for two months, and it can bring 50 million yuan of revenue to Penguin every month!"

He Jun responded to Ding Le's analysis with data, and he thought to himself that the intuition of the big boss was really accurate and terrifying.

"With the market so fierce, do they have no intention of raising further funds?"

When this investment was made, Ding Le decided when to exit, and now that stealing vegetables has swept the country, it is time to exit.

He Jun continued: "Lao Chen is promoting Series B financing, and more than a dozen mainstream VCs in the circle have followed up!"

"Since it is so sought after, we should not be indifferent, you bring someone to follow up on this matter, and if you find the right person to take over in the B round, we will withdraw. If no one takes over, after the B round of financing is over, we will promote the listing of Happy Online as soon as possible!"

Ding Le was determined to quit Kaixin.com, which surprised He Jun very much, the market is so good, why did he have to quit?

In the process of investment, Ding Le is of course well aware of the importance of patience, and it is difficult for anyone to accurately foresee the future of those projects that are invested in the seed round. Only short-term investors will rush to go public, but long-term funds hope that companies will maintain and expand their status.

But this theory does not apply to Kaixin.com, the whole people stealing vegetables is just a flash in the pan, this is not a good business, Weibo is the best social platform at the moment.

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