Chapter 388: Venture Capital Business

Le Xiaowan's joining, for Aurora Culture, is not just as simple as bringing a new TV drama studio, although Liu Ruoyi has an "congenital" amazing ability in terms of strategy, but at the executive level, Liu Ruoyi knows her own shortcomings.

Therefore, Liu Ruoyi will never interfere in many areas that he does not understand, only when he encounters a groundbreaking project like "Super Girl", people in this era have no concept at all, thinking that it is still another practice of the Youth Song Competition, Liu Ruoyi will jump in to correct this operation idea.

Relying on his own memory of half a claw, he dominated this piece of work so as not to deviate from the direction.

In fact, if someone can take on the big responsibility, Liu Ruoyi doesn't want to go deep into the implementation level of program planning.

At this time, Liu Ruoyi would rather do something else, in her mind, she still likes to do her old job, not to mention that now is the golden age of venture capital full of gold.

With the arrival of Le Xiaowan, the TV drama business quickly took over, she has been in this industry for so long, and she has more practical experience than Liu Yang in this field, and she took on the TV drama sector with no pressure in the face of the complex Aurora culture, and straightened out this work.

has such a capable assistant, not only taking over a large part of Liu Yang's affairs, which is what Liu Ruoyi is concerned about in the field of TV dramas, Le Xiaowan can also quickly understand Liu Ruoyi's ideas and implement them quickly, such a situation is the best complement for Liu Ruoyi.

With such a good assistant, after Liu Ruoyi explained her thoughts and favorite types in the TV series, she basically no longer worried about the follow-up implementation of this piece.

It's time to sort out the business of the venture capital business.

Among the three giants of BAT, Liu Ruoyi has already done T and connected with A, but B has not yet found a communication channel, although Liu Ruoyi has poached a piece of B's business through online gathering, but in the search business, Liu Ruoyi assessed the situation at hand, and finally thought that there was no one who could replace B.

It's just that after getting two rounds of $11.2 million in 2000, family B encountered a cold wave on the Internet, and although the business grew rapidly, the valuation has not been able to go up.

In this regard, Boss B Jiali is pursuing, the control is firmly in his own hands, and all the shares released are B shares, and the more than 10 million shares given in the two rounds are basically given out in the form of $1 per share.

This price is of course outrageously cheap for Liu Ruoyi, but there is no way, it started a little late in this era, and now the first soup has been drunk by someone first, and now Liu Ruoyi just wants to catch the last train before takeoff.

Of course, it seems that this opportunity to get on the bus before take-off is not very good.

At least so far, Liu Ruoyi has not found a suitable opportunity to approach, let alone invest.

The trading of the pole is not a transaction, of course Liu Ruoyi will not take the initiative to come to the door and say that I want to invest in you, this kind of investor is not nothing, but most of them are slaughtered as fat geese.

"Sister Jinyu, what are the current financing needs of mainland Internet companies?" Liu Ruoyi, who was free, returned to Xiangjiang and found Chu Jinyu, the general manager of Aurora Ventures, after surfacing, Chu Jinyu already understood that the little girl she couldn't understand was also one of her big bosses, so she didn't dare to discount the things assigned by Liu Ruoyi.

"At present, our company has received nearly 50 requests for Internet investment projects in the mainland, but most of them I think are of little value, and we are currently following about 10 investment projects. Chu Jinyu handed the report in her hand to Liu Ruoyi, who opened it and quickly read the summary.

I drew a few circles on the two or three companies I was familiar with.

However, the companies that Chu Jinyu's team contacted were not the giants in Liu Ruoyi's memory, but a few of them were not bad, at least the IPO was successful.

"I think these products and services are okay, Sister Jinyu can focus on them. Liu Ruoyi did not find a familiar giant, and she was naturally a little disappointed, which proved that her Aurora Venture Capital has not gained considerable influence on the mainland Internet, so those well-known leading Internet companies have not yet thought of Aurora Venture Capital.

"Understood, Sister Annie. Although Chu Jinyu was a little dissatisfied with Liu Ruoyi's demarcation of the target object so quickly, the boss, he was able to delineate the target under the information he gave, no matter what the selection criteria were, at least he gave himself a face and reflected the team's efforts.

You must know that from more than 50 projects, Liu Ruoyi can recognize two or three of them, and this hit rate is already quite good, at least the investment performance of Chu Jinyu and his team has been recognized this year.

The investment in these projects is not large, the smallest is 5 million US dollars, and the largest is only more than 10 million US dollars, basically getting about 15% of the original shares of the target.

Liu Ruoyi remembers that after the future IPO of these companies, the minimum market value should be more than $1 billion, and even after multiple rounds of dilution of shares in the later stage, there should basically be about 10% of the shares, in other words, these investments have at least nearly ten times the rate of return!

This is the benefit of foresight, Liu Ruoyi remembers that these companies will be successful in listing in the future, so there will be no risk in investing in these shares with your eyes closed!

Although some companies may not see results until four or five years later, Liu Ruoyi is not worried about the length of time, the scale of the first venture capital fund she and Zhao Shaodong set up is as high as one billion Hong Kong dollars, and Aurora Venture Capital is not short of money in terms of cash flow.

The financing needs of movies and TV series may be two or three hundred million Hong Kong dollars in 2002, and after this money is taken out, there is still nearly 100 million US dollars in the first phase of the Aurora Venture Capital Fund.

You must know that in this era, the so-called Internet BAT Big Three, the overall valuation is outrageously low compared to the price when it really became the Internet leader, and the shares of the B family are now sold at a round valuation of about $1, of course, this is still before the Internet bubble bursts, if it is put now, the valuation of $1 and 1 share may not be recognized by many people.

You must know at what time this price is basically given by PPT, and it is basically the space of market imagination to impress investors. But now, after the brutal Internet winter of 2001, investors have become cautious.