After inspecting the bank's headquarters, it was already mid-afternoon, and before he got off work, Li Yadong came to the venture capital company on the 12th floor of Building 3.

Liu Yonghao, Lu Zhiqiang and others did not follow, and they probably knew that there was some conflict in the business between the two companies.

Twelfth floor, a very good floor, can not only get away from the hustle and bustle, breathe fresh air, but also do not have the feeling of crumbling and high cold. Uncle Luo and Michael are quite good at choosing, but Li Yadong is only afraid that he will earn a lot less rent in the future.

Because it is the headquarters, not to mention the scale of the venture capital company, the entire 12th floor is occupied.

As soon as the elevator opened, a huge sign of "Bow and Arrow" came into view.

This is the trademark of Dongfanghong Venture Capital Company, which represents the meaning of self-evident, hoping that every investment can be successful and worth the money.

Chinese like to please a good fortune in everything. It wasn't Li Yadong's intention, but Uncle Luo proposed it, and he gladly accepted it.

Unlike Minsheng Bank, Uncle Luo obviously knew the temperament of the boss, so he didn't make a big move, and the staff was still busy with their own affairs, and only after the boss approached, he would shout "Good chairman" to show respect.

This move is very much in line with Li Yadong's wishes.

Although the scale of the venture capital company is not small, there are not many staff members at present, only about 70 people, and more than half of them are dug by Uncle Luo from Hong Kong.

Think about it, 1993 was the first year of venture capital in Chinese history.

Prior to this, there was not a single venture capital firm in China.

Naturally, there are no relevant practitioners.

Dongfanghong Venture Capital and IDG are both pioneers.

"By the way, Jack, did I implement what I told you last time?" Thinking of the American IDG, Li Yadong couldn't help but think of Xiong Xiaoge.

"Of course. Jack knew what he was asking, nodded and said, "I invited him to lunch once, and told him about what you wanted to see him, he didn't refuse, but he didn't agree, his attitude was a little vague, obviously guessed something, just afraid of scruples." If you want to see him, I can try to make another appointment. ”

Uncle Luo and Michael, the two monks next to them, were confused, and they didn't know what they were talking about.

Jack didn't tell them about it, fearing that his boss had something else to think about.

After all, the boss had left the matter to himself, not the two of them.

Li Yadong nodded, intending to put the matter on hold for the time being.

Under the guidance of Uncle Luo and Michael, Li Yadong also inspected the venture capital company inside and out, the overall atmosphere of the company is very young, and almost all the employees are handsome men and women, full of vitality, just like this emerging industry in China, full of momentum and promising.

However, due to being too young, there are actually some drawbacks, that is, lack of experience and lack of industry knowledge.

After a circle, everyone came to Uncle Luo's office together.

As long as Uncle Luo is not stupid, he will not set up an office for Li Yadong here, because it is also a decoration.

Secretary Xiao Wang served tea, a local girl with short hair, not very beautiful, but at first glance she was very capable, which met Uncle Luo's employment standards.

Everyone took a seat on a simple grey Scandinavian fabric sofa.

"Opening in August......" Li Yadong said with his fingers, "It's been half a year now, how many companies have you invested in?"

"Six. Uncle Luo replied.

"Only six?" Li Yadong couldn't help frowning slightly, the progress of this work was really not fast, and suddenly thought of something, and couldn't help asking: "Does it include the Huawei company I asked you to sign?"

"Yes. Uncle Luo said with some embarrassment.

“……”

Li Yadong looked very speechless, China has a lot of land, especially in the past two years, large and small private enterprises have sprung up like mushrooms after a rain, is it so difficult to find good companies?

"How much money was invested?"

"If the six companies add up, the total is more than 10 million US dollars, less than 20 million, and Huawei is the majority. ”

"Then the 10 billion dollars I gave you, you want to invest until the Year of the Monkey?"

Uncle Luo couldn't help but blush, and he looked more and more embarrassed.

He naturally understood what the boss meant, not that he should throw it around, but that the work efficiency was too low. For a Xinxin market like China, theoretically speaking, the earlier the sowing is made, the greater the harvest.

"Boss. At this time, Michael, who had not spoken much next to him, spoke fluent English - he has been in China for more than a year, has been learning Chinese hard, and although it has not yet reached the point of being able to communicate without barriers, it is no longer a problem to understand.

"There's no doubt that the Chinese market has a huge potential, but because it's just taking shape, it's much more difficult to invest than in the United States. For example, I spend at least three times as much effort analyzing and examining a company in China as I do in the United States, and it doesn't necessarily end up being better. ”

"What do you mean?" Li Yadong was a little confused and asked, "Is it because many Chinese companies are just starting out, so they can't see the development potential well?"

Michael nodded: "This is one aspect, but there is another aspect, and that is the economic model." China's economic model is fundamentally different from that of the United States, including developed countries in the West. At present, more than 90% of China's enterprises are engaged in labor-intensive industries, and this kind of industry, it does not have much core value. Is it possible to develop and grow in the future? Under China's special economic system, it is also possible. But objectively speaking, an enterprise without core values has a very low ability to resist risks, and it is easy to go bankrupt. This conflicts with our use of conventional methods to conduct risk assessments on a company. ”

Michael still has a word to say: if he really uses the American set of standards to evaluate the current Chinese companies, he is afraid that none of the 10,000 companies will be qualified.

As soon as he said this, Li Yadong completely understood.

To put it bluntly, the current Chinese enterprises lack "connotation" and do not have their own core technology, so they are easy to be replaced, and it is easy to go bankrupt, which does not meet the internationally accepted set of risk assessment standards.

To be honest, although Li Yadong doesn't like to listen to this very much, he has to admit that his analysis is very reasonable.

is worthy of being a professional from a world-renowned investment bank, and his words are straight to the point.

The lack of technology is indeed a common problem faced by Chinese enterprises at present.

But what's the solution?

How do you hope that a person who has not yet learned to walk will learn to run immediately?

Chinese companies need to be given some time if they want to grow.

He also finally realized that it is not so easy to make venture capital in China at this stage, unlike in the United States, where two-thirds of venture capital companies are clustered in Silicon Valley.

However, China is not such a fertile ground for venture capital at the moment.

Fortunately, what others can't do, or things that can't be done well, may not be in his place!

Why?

Because he has a vision of the future, which company will grow in the future, and which company will disappear in the future, he has probably heard of it.

In this way, things are simpler.