"Second uncle, Mingyao Game Company has agreed to accept our investment of 500,000 Hong Kong dollars! In addition, Changhang Electronics Company has also agreed to accept our investment of 1.5 million Hong Kong dollars, accounting for 20% of the shares!" Xu Jiankui reported to Xu Shixun with a wry smile on his face.

Xu Shixun also shook his head after hearing this, there are not many smart people in Hong Kong who have vision. He felt that the companies launched by the Oriental Incubator this time were very valuable for investment, and specially prepared 5 million Hong Kong dollars for his nephew to try his luck, but he didn't expect that the money could not be sent out at all.

Li Xuan was still worried that Hong Kong had no tradition of venture capital, for fear that this attempt to attract capital would fail. But Li Xuan far underestimated his influence, his rise like a myth, not only became the idol of countless young people, but also made many people with a heart begin to quietly pay attention to his every move.

There are seven or eight billionaires like Xu Shixun who personally went to the Renaissance Hotel to participate in the promotion meeting, and there are naturally more people who are secretly paying attention. The first batch of 15 venture capital projects launched by the Oriental Incubator originally planned to raise a total of 30 million Hong Kong dollars, but almost every project was rushed.

The problem faced by the founders of these companies was not that they had feared that no one was paying attention, but that they were struggling with how to reject the influx of investors. The more you raise is not the better, and every extra dollar you receive means you have to pay a little more shares.

The valuation of the company in the early stage is low, and it is a very disadvantageous thing for the founder to give up too much equity at this time. As long as their project has a promising future, they can charge a little less money now, and the company will develop for a while first, and when the next round of fundraising comes, it is completely possible to seek a higher valuation.

Like the two founders of Mingyao Games, Tan Jiaming and Huo Yaoliang. Their company can already see the dawn of profitability, and there is no need to raise too much capital. So although more than a dozen investors are optimistic about their company and desperately want to send money into their pockets, they insist that as long as 2.5 million, this amount can already support the listing of the two games developed by the company.

"It's the first time I've seen someone who gives money and it's very aggrieved!" Xu Jiankui said very depressedly.

The reason why he was able to grab two projects for Hui's Investment Fund. relies on the title of vice president of Oriental Venture Capital, which can be regarded as stained with Li Xuan's light. In fact, the reason why he chose these two projects was also because of Li Xuan's guidance. Mingyao Game Company's studio is the fastest project to see revenue among the first 15 projects, and it is generally optimistic.

As for the other company, Chang Avian Electronics, the two founders had only one development plan, which was to enter the arcade and personal computer power supply business. Many people have been incorporating this for less than a week. There are still some doubts about the three-no company without personnel, equipment, and factory buildings.

Xu Jiankui had received a hint from Li Xuan before, and he took the lead before others could react. He not only told the two founders, Zhou Wenxin and Guo Jiaqiang, that after Xu's Capital became a shareholder, he was only responsible for financial supervision and did not interfere with the specific development direction of the company. At the same time, the group company under the Xu family can provide strong support for the follow-up actions of Changhang Electronics to open factories and recruit personnel.

If you can get the support of Hui's Group, a large company with a scale of billions of Hong Kong dollars. The next development of Changhang Electronics can undoubtedly be much smoother, so Guo Jiaqiang and Zhou Wenxin quickly nodded in agreement. Changhang Electronics is preparing to raise 3 million Hong Kong dollars this time, and the other 1.5 million Hong Kong dollars has been invested by Oriental Venture Capital.

Li Xuan is indeed optimistic about Changhang Electronics, in addition to the need for power supply in the arcade, the power supply is also needed in the personal computer. Although the computer power supply is not as important and conspicuous as the CPU, memory, graphics card and other components, it is also an indispensable component.

Compared with CPU, memory and other components, the technical threshold of the power supply is much lower, and its main role is to convert ordinary alternating current into direct current. Then, according to different voltages, they are output to computer parts such as motherboards, hard disks, and optical drives.

The wave of personal computers is rapidly emerging, and this market is set to become immensely large in the future. No matter how good Dongfang Electronics' appetite is, it is impossible to swallow it. Li Xuan is willing to support a group of affiliated enterprises to share this huge cake together.

Just when Xu Jiankui reported the results to his second uncle, the president of the Oriental Incubator was also briefing Li Xuan.

"Li Sheng, there are too many rich people in Hong Kong, and all 15 projects have raised sufficient funds in just one day, and we originally planned to raise 30 million Hong Kong dollars. In the end, it actually increased to 34.5 million!" Xu Yu'an called Li Xuan, panting and a little heavy, and he was very excited.

He rarely saw such crazy scenes in Silicon Valley. It has always been entrepreneurs who come to the door one by one, and it is not necessarily possible to convince venture capital firms to invest in themselves. How could it be like this. Venture capitalists are crying and shouting for money!

Investing in science and technology companies is like a gamble, which is very risky, and if you don't have a keen vision, you may lose all your money! Who said that he also thinks that these companies have investment value this time, but these 15 companies will never all succeed, and half of them can grow up in the end, which is crazy enough!

Li Xuan has actually guessed the reason, the soaring rise of Dongfang Electronics has tickled the itch of many people in Hong Kong, and they have no chance to share the huge dividends brought by the crazy growth of Dongfang Electronics, so they simply use these venture capital projects launched by Li Xuan as a substitute for Dongfang Electronics.

The fundraising amount of 34.5 million Hong Kong dollars is only 20 million after subtracting the 15 million of Oriental Ventures. This amount of money is shared by dozens or even hundreds of people, and the average investment amount that each person can share is only hundreds of thousands. For rich people like Xu Shixun and Zheng Yutong, this amount of money is not even a fraction.

What's more, the purpose of these projects launched this time, Li Xuan's purpose is to make a brand. Each company is carefully selected and can only be listed on the first batch of recommendations after confirming that it has great development prospects. Under the superposition of these factors, it caused the hot scene of the promotion meeting.

"Li Sheng, not only local investors in Hong Kong participated in this venture capital, but also Sequoia Capital, a well-known venture capital company from Silicon Valley!" Xu Yu'an said on the phone again.

Li Xuan frowned slightly, and then smiled lightly, Sequoia Capital is worthy of being a Tyrannosaurus Rex-level venture capital company, its nose is really spiritual, and it can smell food across the Pacific Ocean!

As long as you are engaged in the IT industry, you will definitely know the name Sequoia Capital. This venture capital firm has successfully invested in a series of well-known IT companies such as Apple, Oracle, Cisco, Yahoo, Google, YouTube, etc. The total market capitalization of companies listed as a result of their investments is more than 10% of the total value of the entire NASDAQ market.

Later, many domestic companies such as Alibaba, Sina, JD.com, Vipshop, and Douban have received investment from Sequoia Capital. Even one of Li Xuan's current important competitors, Atari, has received financial support from Sequoia Capital in its early development.

It can be said that Sequoia Capital is an immortal legend in Silicon Valley, and it is likely that you will become a trendsetter in the next few years!

In fact, the reason why Sequoia Capital paid attention to this small promotion conference in Asia was also because of Li Xuan's contributions. Previously, Sequoia Capital has repeatedly proposed to invest in Li Xuan's Computer Park, Oriental Software and other companies. But Li Xuan was not short of funds, and decisively rejected its kindness.

Recently, Sequoia Capital has targeted the rapidly expanding Oriental Semiconductor Company, so the research on the entire Oriental Electronics Group has also been more in-depth, so it inadvertently found that there is such an investment opportunity in Hong Kong.

30 million Hong Kong dollars is less than 6 million US dollars when converted into US dollars. For this venture capital giant who has just successfully invested in Apple, this amount of money can take out $6 million without even blinking an eye, and all the projects will be rounded. However, Sequoia Capital, which is new to the city, did not take much advantage in front of the crazy Hong Kong investors, and only grabbed a few million Hong Kong dollars of investment shares this time.

Li Xuan does not exclude the entry of these foreign capitals, on the contrary, Hong Kong's venture capital has just started, and the entry of these professional American venture capital companies can make the entire industry realize the standardization and rationalization of the system faster.

After Li Xuan and Xu Yu'an finished the call, they dialed Xu Jiankui's number, Xu Jiankui just picked up the phone and began to complain that he only had time to negotiate two projects, and he had no chance to talk about other projects in the future.

"When will the next batch of companies be launched?" Xu Jiankui asked on the other end of the phone.

"You think this is mowing grass, it can grow immediately after cutting, how can there be so many good projects!" Li Xuan said angrily, "There are dozens of projects that are being incubated in the Oriental Incubation Park, you can pick them slowly!"

Li Xuan also knew that there would definitely be good projects that slipped through the net, and they had not yet been discovered by the management of the hatchery, after all, no one could accurately predict the future. However, in order to make up the first batch of 15 projects, in addition to screening within the incubator, the Oriental Incubation Park not only searched for the whole of Hong Kong, but even set its sights on Taiwan. Today, Taiwan is similar to Hong Kong, and venture capital has not yet begun to sprout.

"You come forward to contact other investors who participated in this venture capital, and we at Oriental Venture Capital will come forward to organize an industry exchange meeting to introduce you to some mature systems in Silicon Valley! For example, whether venture capital should send directors to participate in the management of investment companies, etc., Norris will be responsible for the specific content!" Li Xuan said.

Norris Kerr, another vice president of the newly established Oriental Ventures, is a very good investment manager on Dune Road in the last year or two, and has just been poached by Li Xuan from the United States to Hong Kong to take charge of the actual operation of Oriental Ventures.

Dune Road is located in Monroe Park in the Silicon Valley region, and this street is known as the "Wall Street of the American West", where hundreds of venture capital firms are gathered, and almost every big name in Silicon Valley has come here for help. Dune Road and Stanford are known as the two engines that have created the glory of Silicon Valley!

ps: I'm sorry, today's update is a little late, and the second update will be a little late