Belrankfen muttered for a moment, "Boss, I think you need to clarify the future direction and strategy for the Tinder Source. ”

Zhang Chen was stunned.

Frankfin continued: "You just said that we should have the ability to do an IPO in three years, is this a transformation to PE (private equity)? Boss, I'm not against you. On the contrary, I also believe that when the time is right, we should set up our own PE department, and the financing and M&A business is a big cake. ”

Zhang Chen pondered for a moment, "Lauerde, I think you misunderstood what I meant. I don't want to start PE right now, although we issued $50 million in bonds and did private placement in disguise, but in the short term, our main business is still in the field of venture capital. ”

"The reason why I want Huoziyuan to have the ability to do IPO business as soon as possible is mainly because the VC industry is now in a stage of great change. ”

Blanciffin listened intently: "Do you mean the rapid rise of the Internet industry?"

Zhang Chen organized the language: "This is only the cause, not the effect. The rise of the Internet industry is so fast that there is no precedent in the entire history of the world economy. An Internet company may take less than two years from its inception to its listing. The past two years may not be enough for traditional PE to do a good job of investigation and research on the entire project. Therefore, the efficiency of Internet enterprises will force VCs and PEs to improve efficiency as much as possible, expand their business scope, and change their business models. ”

"Therefore, I judge that in the future, the boundary between VC and PE will be further blurred, and it is not possible to diverge again until the Internet industry has passed a period of rapid development and it is not so easy to enter the secondary market. ”

"The Internet industry will have at least a decade of brutal growth, and at this stage, it will subvert many of our existing thinking. But at the same time, this stage is also the stage where countless capital legends are born, and countless new capital giants replace traditional capital predators. This is probably the most magnificent era of international capital markets since the Great Depression of the thirties. ”

"The Franco-Prussian War made Rothschild, and the Great Depression made ******** and Goldman Sachs, and now these capital giants are firmly in control of the entire capital market, leaving new entrants breathless. But the advent of the Internet has cracked a crack in this canopy. Countless new capital predators will be born from here, and there may be only one opportunity in the next few decades. ”

As a former division manager at Goldman Sachs, he naturally knew Goldman Sachs' place in the U.S. and even the world economy. Could it be that Zhang Chen's goal is to be another Goldman Sachs?

Zhang Chen took the water cup handed over by Tang Miaomiao, took a sip, and continued: "Therefore, Huoxingyuan must raise a glass to the ability of IPO business as soon as possible, this is not our need, but the demand of our customers." Our clients expect us to be able to provide a 'one-stop-shop' service, and if we can't, by the time the PE and even secondary market giants come to their senses, we will forever lose the possibility of being above them." ”

Blancfin was shocked: "Above them, although Goldman Sachs has not announced its total assets, it is conservatively estimated that it will not be less than 400 billion US dollars." The total market value of the Internet industry is less than $200 billion. To put it mildly, it is unlikely that it will rely on the Internet to become a company on a par with Goldman Sachs. ”

Zhang Chen chuckled and said: "Lauerde, the potential and value of the Internet industry are far greater than you imagine, we don't need to argue, time will tell you everything." ”

Bellankefen thought for a moment: "OK, Boss, I understand, no matter how big the total output value of the Internet can be in the future, our main business at present is still venture capital in the Internet field. Since it is market demand, I will find a way to enhance our IPO capability as soon as possible. ”

Zhang Chen nodded: "Okay, come up with an idea as soon as possible, and after the Thanksgiving holiday, we will meet again to discuss." ”

Bellankefen looked at the calendar, "Okay, I'll deal with this matter and the ICQ matter at the same time, what will we do with AOL's money after it arrives?"

Zhang Chen said without hesitation: "If you continue to increase your holdings of the Solomon brothers, you can use five times the leverage." ”

Frank Fen calculated and couldn't help but be startled, five times leverage, that is, one billion US dollars, with the current stock price of Salomon Brothers, it is enough to win 10% of Salomon Brothers' shares. If they are all acquired in the secondary market, it will definitely cause a huge fluctuation in Salomon Brothers' share price. The shareholding of Tinder Source will also be close to 11%, becoming the largest shareholder of Salomon Brothers.

However, now that the money is in place, how to obtain the corresponding shares is the scope of Belankefen's responsibility.

Although Blanciffen is usually low-key and silent, he seems to be very friendly, but as a management with a gold medal sales background, professional knowledge is not his strong point, but his core competitiveness is strong social skills. In this respect, he has something in common with Weinberg, who laid the foundation for Goldman Sachs' hegemony, except that Frankfin is more cunning and shrewd.

Born in the slums of Brooklyn, Frankfin was the son of a postman. Frankfinn studied well from an early age and enrolled in Harvard Law School on a scholarship.

After graduating, Blankefen wanted to go to Goldman Sachs for a job, but was rejected by Goldman Sachs, and worked as an assistant to the president of the mass commodity trading company, and then worked in sales.

Not long after doing it, it was acquired by Goldman Sachs, and the employees became Goldman Sachs employees.

At the beginning, the business was fully integrated into the group, and Blankefen's sales performance was exceptional, and during his tenure as sales manager, he met a large number of political and business people in the United States.

In '94, Frankfinn was promoted to co-head of Goldman Sachs' commodities division, although the level is still not high-level, but the promotion of the platform has further expanded Frankfin's network, which is why Frankfinn was able to be recommended by both Rice and Barbara.

Bellankefen thought about it for a moment, and several names popped out of his mind, the companies that these people worked in should be the shareholders of Solomon Brothers, let's start with them.

There is a fire burning in Belankefen's chest, although he has also operated tens of millions or even hundreds of millions of dollars in commodity trading at Goldman Sachs, but this is the first single billion-dollar project!

Five years ago, it was an investment bank with a market value of more than $170 billion, known as the king of Wall Street.

What could be more exciting?

Bellankefen's hand holding up the phone was trembling, and Zhang Chen saw that he hadn't spoken for a long time, and thought that the phone had been dropped: "Hey, Laud, are you still there?"

Blancfin came back to his senses, "I'm here, Boss, I'll finish the Solomon Brothers affair within a month, and we will be the largest shareholder of the Solomon Brothers before New Year's Day." ”

(End of chapter)