When I saw Zhu Min again, he was still the same.

Although he wears a suit and tie, he doesn't look like a successful entrepreneur in Silicon Valley, but like a farmer who has experienced many vicissitudes.

Judging people by their appearance is not an uncommon thing, when Da Mo recognized Fang Fenglei, who was in a suit and leather shoes but with a scruffy beard, as the leading driver, and in the end, these foreigners were made to death by Fang Fenglei, this joke has been spread in the domestic financial circle for more than ten years, Chen Qiaoshan naturally took it as a warning and would not make such a low-level mistake.

At noon, he confirmed the itinerary with Zhu Min in advance.

After all, he was a landlord, Chen Qiaoshan was going to arrange someone to pick him up, but who knew that Zhu Min not only came by himself, but also brought a special guest.

Downstairs of Rongke Information, Zhu Min pointed to a young man who got out of the car together and said, "Mr. Chen, I'll introduce you to a friend." ”

The surprise on Chen Qiaoshan's face flashed, and the person he knew was Li Yanhong, the founder of Baidu, who had been hotly discussed by the media recently.

A month and a half ago, Google officially landed on the NASDAQ, raising more than $1.7 billion, and the two founders quickly became on the list of the world's richest people.

Affected by this, Boss Li, who has been low-key, has also become a media celebrity, and rumors about Baidu are endless, among them, the news that Google will acquire Baidu at a price of no less than 100 million US dollars has spread all over the world.

For these gossip news, Chen Qiaoshan naturally knows that he knows more than ordinary people.

With less than a year to go before Baidu's IPO, a sale is certainly impossible, and it is highly likely that the listing has already begun.

Seeing Li Yanhong, Chen Qiaoshan was still a little surprised, in front of him, who is now not famous, but as one of the founders of BAT, he will be the leader of China's Internet for a long time in the future.

Seeing that Zhu Min took the initiative to let Li Yanhong out, Chen Qiaoshan said: "No need to introduce, Li is always my senior brother at Peking University and a role model for my generation of entrepreneurs, and I have been admiring it for a long time." ”

Zhu Min said with a smile: "Knowing that I was coming to Kangsheng, Yanhong said that she wanted to come over and have a look, what a coincidence, I didn't expect you to be the same family." ”

Li Yanhong has been staring at Chen Qiaoshan, and he has long heard of the person in front of him.

Whether it is Kangsheng or Tsingshan Capital, they are not unknown in Zhongguancun, especially the stationmaster conference, which has made Kangsheng out of the limelight and attracted countless small and medium-sized stationmasters.

Li Yanhong didn't think that the two would intersect, but things often change unexpectedly.

Kangsheng first introduced Lynk Tech, with the help of a huge number of users, quickly opened the market, and Baidu Alliance had direct competition, and then, with the help of Discuz's channel advantages, a search was sent to the top of the music search market.

The advertising alliance can also be ignored, but the latter undoubtedly encroaches on Baidu's direct interests, and Kangsheng's nearly 200,000 application websites occupy at least more than 30% of the traffic entrance outside the network portal, and no one can let it go.

Baidu MP3 search was launched half a year earlier than Yahoo, but the market share was lost to a search, in addition to Yahoo's own traffic advantage, Kangsheng's promotion contribution is not small.

The cooperation with Kangsheng has not been negotiated, which is very helpless.

Baidu is now planning to go public, whether it is a performance requirement or in order to beat a competitor in advance so that it can go all out against Google, it must gnaw this nail.

Li Yanhong didn't expect that the two still had a layer of alumni relationship, and now things may have taken a turn for the better, and he was not in a hurry to talk about cooperation, so he said hello with a smile and followed everyone upstairs.

Zhu Min came over this time to talk to Chen Qiaoshan about the entrepreneurship fund.

He knows very well in his heart that Silicon Valley is the Silicon Valley of mainstream technology companies such as Intel, Oracle, and Cisco, and Netcom has reached a bottleneck period and has no room to continue to rise.

Since it can't become a first-class technology company, it is better to get out of the country than to continue to struggle in the United States, after all, the domestic market has not yet been fully developed, and it should not be difficult to make some achievements with experience and financial advantages.

It is with these in mind that Zhu Min has gradually withdrawn from the management of Netcom and gradually focused on venture capital.

He also came here this time to understand the real situation of Tsingshan Capital, and if possible, it is feasible to find a partner.

However, after learning about the relevant situation, Zhu Min was a little disappointed.

Tsingshan Capital's hardware configuration is good, but it has no capital and no talents, so it is obviously an empty shell.

After listening to Chen Qiaoshan's introduction, Zhu Min realized the problem, and he asked: "Mr. Chen, in this way, Tsingshan Capital has completed the fundraising?"

"Not really. Chen Qiaoshan knows very well that the real situation cannot be concealed from those who have a heart.

If you want to be a regular VC or PE, the threshold for admission tickets is extremely high, and the starting point of registered capital is eight figures.

Tsingshan Capital is currently operating without a license, but fortunately, it has always been a venture capital, and no one will be looking for trouble for the time being, but this is not a long-term solution.

Chen Qiaoshan has already made a plan that the proceeds from the crude oil futures market will be injected into Tsingshan Capital in addition to reinvestment.

In the face of Zhu Min, Chen Qiaoshan will not show his timidity, he said: "We are only focusing on venture capital for the time being, and we have raised more than 30 million US dollars, and we should be able to get approval by the end of the year, and strive to carry out normal equity investment projects early next year." ”

Zhu Min understands what is the key, and venture capital relies heavily on the eyes of investors.

Due to the long investment cycle, the earlier the intervention, the greater the risk, compared to the capital, more important to the investor's personal ability, if you can only do angel investment, obviously has no value.

Zhu Min was a little disappointed, but he didn't show it.

During his time back to China, he had already seen several investment funds, including Baidu Investment, and compared with mature venture capital institutions in Silicon Valley, the domestic operations seemed a bit amateurish.

Zhu Min pondered that it seems that the best way is to make an investment fund by himself, rather than find a collaborator.

Li Yanhong said at this time: "Mr. Chen, I heard that Kangsheng is downstairs, why don't you take Mr. Zhu and me down to visit?"

"No problem. Chen Qiaoshan smiled and agreed, for him, the risk of venture capital tends to be close to zero, and there is no need to raise funds from outside when there is no shortage of funds.

If Zhu Min took the initiative to mention it, Chen Qiaoshan would not refuse, after all, it was a favor, and seeing that the other party didn't mean that, he naturally wouldn't rush to push the opportunity to make money out.

When they arrived in Kangsheng, in addition to Liu Chang and Dai Zhikang, even Yao Yong and others were waiting in the company, they obviously did not want to see Zhu Min, who had almost no news in China.

Looking at the baby-faced Li Yanhong, Chen Qiaoshan was also a little helpless, now compared to his net worth, he must surpass Li Yanhong, but the rumors of mergers and acquisitions of 100 million US dollars made Li Yanhong famous all over the world.

Seeing that this was the scene, Chen Qiaoshan simply didn't hide it, he looked at the open office area and introduced Zhu Min and Li Yanhong.

As soon as the words fell, the programmers in the entire R&D area became a sensation, one is the founder of a listed Internet company in Silicon Valley, and the other is the founder of Baidu, in the eyes of these code farmers, they are all top existences.

Seeing that those sullen men came up one after another, either asking for a group photo or signing an autograph, Chen Qiaoshan stepped aside very knowingly, these programmers are all pretentious and have a very high opinion of themselves, and only the top coders will make them happy.

The office area was a little chaotic for a while, similar to the battle of seeing stars in later generations, and Chen Qiaoshan didn't bother to pay attention to it.

Liu Chang came over and asked softly: "The company is currently cooperating with Yahoo, you brought the Baidu boss over, which one is this singing?"

Chen Qiaoshan chuckled twice, "People are uninvited, but I didn't bring them, besides, Kangsheng doesn't do searches, and he won't choose a side, whoever opens the price is high, we will cooperate with whom, this is a pure commercial behavior, and nothing else is involved." ”

Liu Chang pursed his lips, seemingly not believing Chen Qiaoshan's words.

She knows the inside story, and the reason why she finally chose to cooperate with Yahoo is completely an exchange of interests, in order to continue to hang a search on Discuz's free template, Zhou Hongyi not only paid money, but also issued additional conditions, willing to extend the diversion and promotion of a little forum for two months, and then an agreement was reached.

Chen Qiaoshan ignored Liu Chang's thoughts, but he remembered one thing, "Hey, does Lao Wang still have contact with Chen Jinkai recently?"

"There is contact, but both of them are busy, and they only make phone calls once in a while. ”

At the beginning, in order to repay the favor, Wang Sifeng took Chen Qiaoshan and Yan Xiaoqin to the resource hotel for a big meal when Chen Jinkai was entertaining, but he didn't think that Chen Jinkai didn't come, and the four of them were released pigeons, and in the end, Liu Chang gritted his teeth and paid for it.

Who knows that the situation is changing, the broken household that was shouting to fight the local tyrants and divide the land turned over and sang, Wang Sifeng is now a person with a net worth of tens of millions, and the equity in Liu Chang's hands can also be worth 1.8 million, but Chen Jinkai, who was proud of the spring breeze at the beginning, was compared.

Thinking about what happened for more than a year, Liu Chang was also embarrassed in her heart, she asked: "Why did you suddenly ask about this, you and Chen Jinkai don't seem to have met before, right?"

"I really don't know. Chen Qiaoshan told the truth.

Chen Jinkai is an apprentice brought out by Wang Sifeng, and they worked together in college to take on private work outside, and they were also introduced by Wang Sifeng when they entered Baidu, and he knew all these situations.

Now that Baidu is preparing to go public, whether it is to put a nail in the nail or make a little money, investing in original stocks is a good choice.

The news of Baidu's plan to go public must only be known to the top management, and it is obviously impossible to enter the game by surprise at this time, but it is not impossible to think about it, Chen Qiaoshan started to think crookedly.

In the process of listing, the recovery of employee shares to control the number of shareholders is a necessary stage for many companies, and the company can repurchase the shares, as long as there is no restriction agreement, it can naturally be traded privately.

Now the news of Baidu's acquisition is flying all over the sky, but the senior management has never spoken out to refute the rumors, which undoubtedly greatly reduces the cost of the acquisition, and also increases the possibility of entering the game.