Chapter 209 Venture Capital
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Li Xuan had also met two other CUHK alumni who had invented an arcade coin dispenser themselves. At that time, Li Xuan helped them several times, first gave them an order contract, and later asked Oriental Game Company to come forward to guarantee them, so that they could borrow the funds needed to build the factory from Standard Chartered Bank.
But this is not a well-established practice, and providing guarantees for other companies is risky. Oriental Games is not a charity, and it is not in the company's interest.
If in Silicon Valley, entrepreneurs only need to have a perfect plan, you can use it to convince a large number of venture capitalists, and as long as a few of them are persuaded by you, you can take the first step towards starting a business.
There are talents from all generations, and each has received four or five years. Silicon Valley is experiencing entrepreneurial miracles all the time, Apple and Microsoft in the 80s, Netscape and Yahoo in the 90s, Google and Facebook in the 21st century. But behind these lucky successes, there are countless unknown losers, the risk of entrepreneurship is huge, most people do not reap the dream of overnight wealth, but bitter failure.
But failures and setbacks are not terrible, and there are many failures in Silicon Valley that have failed several times, but they are still dreaming of starting a business. But if they are also like Guo Jiaqiang to start a business by selling houses and cars, one failure is enough to make them lose their vitality, and they will never turn over.
Silicon Valley's core value is not to admire success, but to embrace failure. Everyone in this system is accustomed to failure. Everyone can face it calmly. Those angel investors who are willing to contribute money know very well that most of the projects they invest in will be stillborn. But only a few out of a hundred projects will succeed. They'll be rewarded handsomely. And because of this, even the most bizarre ideas. There are also investors who are willing to take risks.
It can be said that the factors that promote the continuous innovation of Silicon Valley are not only technology, but also capital. But Hong Kong doesn't have as many venture capitalists as Silicon Valley has today.
"There is a relatively mature model in Silicon Valley called venture capital, and I am personally optimistic about your power supply project. I have a plan, you first make a detailed project feasibility report and valuation plan, I am willing to be an angel investor, invest 1 million Hong Kong dollars in this project! I'll find someone to discuss with the two of you in detail! What do you think?" Li Xuan said to Guo Jiaqiang and Zhou Wenxin, who were sitting opposite him.
A hint of joy flashed in the eyes of the two, and they immediately exchanged heads and whispered a few words.
"It's great that Li Sheng is willing to invest, and we will soon make the project book and hand it over to you for review!" Guo Jiaqiang said with some excitement.
In Silicon Valley, successful people are a very important force among angel investors, who often become willing to help latecomers in difficulty after experiencing various challenges and setbacks on the way to starting their own businesses. People like Steve Jobs, Larry Page and others are well-known angel investors in Silicon Valley. After Bill Gates sold off his stake in Microsoft, a significant portion of his remaining assets came from his private investment fund's early investments in other technology companies.
And Li Xuan is also willing to be such a pioneer in supporting backwards, and this kind of investment can often bring exponential returns. The biggest impact of Li Xuan's rebirth is that it has allowed countless young people in Hong Kong to find the power of a role model. With a higher entrepreneurial enthusiasm. In Dongfang Electronics Company, there have been several batches of people like Zhou Wenxin and Guo Jiaqiang who chose to resign and start their own businesses.
In the lobby café of the Peninsula Hotel, Li Xuan booked a table before the waiter was guided, and Xu Jiankui was with a beautiful woman**. The female companion next to him changed again.
"Okay, you and your girlfriend go to afternoon tea by yourself, Li Sheng and I have something to talk about!"
Xu Jiankui saw that Li Xuan had already come over. Immediately send off the female companion next to you. This woman is very material, which is very in line with Xu Jiankui's consistent aesthetics. She turned around and just happened to look at Li Xuan. immediately showed a sweet smile, but it was quite a bit of a gesture.
"Azi and I met by chance. She just happened to come here with her companion for afternoon tea!" Xu Jiankui explained, he and Li Xuan were here to talk about business today, and it would look frivolous to bring a female companion over.
Li Xuan actually doesn't like to talk about things in this kind of place, he prefers to go to the company's office. But this Xu Dagongzi doesn't like that kind of strict atmosphere, and prefers the petty bourgeois atmosphere here.
"Is your yacht free lately? Lend me a few days, Ah Zi is going to have a birthday in a few days, and I'm going to go to sea to have a birthday party!" Xu Jiankui asked with a smile.
"The yacht can be borrowed from you, but you have to be leisurely, don't let the sister-in-law at home know about the flowers and grass outside, otherwise I will also be implicated!" Li Xuan nodded and admonished again. He is more familiar with Xu Jiankui, so he naturally knows his wife.
"Do you want to go to sea together to play at that time, Ah Zi and their company have a large number of young models who are very beautiful, with long breasts and thighs! When the time comes, I will ask her to invite a few taller ones to go to sea to play together!" Xu Jiankui said with a wicked smile.
"I'm not interested in this kind of thing, you can keep it to yourself!" Li Xuan shook his head and said.
"You said before that you had a good thing to hand over to me, what is it?" Xu Jiankui asked as he stared at Li Xuan with an expectant face.
After the death of the old ship king, the three Xu brothers began to take over the family business, and now the Xu family's family business is controlled by the second and third children. Xu Jiankui's father is the eldest of the three brothers and has been dead for many years, so their influence in the family is weaker.
But since Xu Jiankui became friends with Li Xuan, his status in the family has risen rapidly, and he has gradually begun to accept the management of some industries from the previous gentlemen. For example, not long ago, with the technical support of the Oriental Research Institute, Xu Shixun decided to invest 50 million Hong Kong dollars to establish a large electronics factory to produce the walkman mentioned by Li Xuan before. Xu Jiankui was appointed director and deputy general manager of the new company, responsible for communication and liaison with the Oriental Research Institute.
And he himself recently took out all his family assets and invested in a cassette factory, ready to take a piece of the Walkman music craze that has swept the world, which has made him very busy lately.
Follow the God of Wealth Lee to make a fortune, this is the consensus of many people in Hong Kong. This year's global economic downturn has also greatly affected Hong Kong's industrial exports. However, the enterprises cooperating with Dongfang Electronics have not been affected, but have made rapid progress because of the rapid development of Dongfang Electronics, which makes other bosses envious.
"I'm going to set up a venture capital firm, and I'm going to make you a vice president!" Li Xuan said.
"Venture capital companies?" Xu Jiankui asked with some confusion, there is no real venture capital company in Hong Kong, so Xu Jiankui is relatively unfamiliar with this concept.
"Yes, it is mainly responsible for selecting some projects with development prospects, to make preliminary investment, and after the project is mature, after the company is listed, sell the equity obtained in advance to exit and make a profit!"
Li Xuan briefly introduced the company's operation methods in a few sentences, and then continued, "Now many young people in Hong Kong have the idea of starting their own business, but they don't have the start-up capital. Some of their good ideas and ideas may not be without the possibility of success! I started this company in the hope of sifting out some gold that is hidden in the dust!"
"Oh, are you going to be the president yourself? I don't understand this, what's the use of you asking me to be the vice president?" Xu Jiankui said with some doubts.
"There are many entrepreneurial projects, and it is impossible for our company to take on all the projects in a big way. You have a lot of friends, you can contact other people who are interested in giving it a try, and also join the angel investor industry to make this industry bigger!" Li Xuan said with a smile.
"How much are you going to invest in this new company?" Xu Jiankui asked.
"The initial capital of the company is 100 million Hong Kong dollars! In principle, the investment of a single optimistic project should not exceed 2 million, and the investment of a particularly excellent project should not exceed 5 million! If the project needs more start-up capital, the founder himself needs to contact other investments!" Li Xuan said.
"I know some people who only spend a lot of time drinking, you let them go to the sisters are very good, but if they are allowed to invest, these people may not be able to afford to play!" Xu Jiankui frowned and said noncommittally.
"Let's take you Xu Dagongzi himself, if you are asked to take out 1 million or even 5 million Hong Kong dollars to invest in one go, you must think twice, and you may not be able to make such a large amount of money when you are tight!"
Li Xuan said with a smile, "But if you are asked to invest 100,000 Hong Kong dollars in a project, you can take it out without blinking an eye, even if you lose it, it is only a week's living expenses! But if this project is successful, when the company you invested in grows and finally goes public, your original investment of 100,000 yuan may be exchanged for millions or even tens of millions of Hong Kong dollars!"
"There are really projects that can earn dozens or even hundreds of times the profits, why should we hand them over to others!" Xu Jiankui shook his head in disbelief.
"Any project is risky, and no one can accurately guess which project will definitely be a big success! So the safe way is to diversify the investment, not to do everything, after all, the money is endless! I will hire professional talents to take care of professional things, and your role is to widely publicize our venture capital company!" Li Xuan said disapprerovingly.
The reason why Li Xuan asked Xu Jiankui to be the vice president of the venture capital company is to use his mouth to attract more people to join the angel investment industry. Among the investors in Silicon Valley, there are not only traditional venture capital predators like Sequoia Capital, but also local tycoons from various countries such as Russian oil oligarchs and Hong Kong Li Chaoren, as well as many ordinary middle-class new investment angels such as lawyers and doctors, as well as cultural and sports stars such as O'Neill and Britney. (A good event for pie in the sky, cool mobile phones are waiting for you to take!Pay attention to ~ 點 / public account (WeChat add friends - add public account - enter dd), participate immediately! Everyone has a prize, now immediately pay attention to dd WeChat public account!) (to be continued......)