Chapter 162: Sugar-Coated Cannonballs

Hearing Xiong Xiaoge's words, Zhang Chen smiled: "Brother Xiong, they all work for IDG, and they can't talk about being independent." It's just that I can't leave Ben Thanh in a short period of time, so it's better to get an office in Ben Thanh. This time, I came here to learn about it. Let's see how you're doing it, I'll go back and do the same, and put up the shelves first. ”

Xiong Xiaoge smiled bitterly and waved his hand, "I'm not the same here as you, you are equivalent to entering with capital, and now there are ICQ shares pledged in IDG." From this point of view, you are more like partners in the true sense of the word than me and Lao Zhou. And we are not much different from professional managers, except that we have more commission shares than ordinary professional managers. Oh, by the way, Lao Zhou was the only LP (limited partner) of IDGVC before you joined. ”

Seeing Zhang Chen's surprised expression, Xiong Xiaoge explained: "IDG's VC business in China has just been carried out for two or three years, and there is no effect yet. At present, IDG Huaxia's main business is still publishing and consulting services. VC only invested in a few IT magazines and journals under the leadership of Lao Zhou. ”

After Xiong Xiaoge finished speaking, he also sighed, "Maybe you don't know, the budget of 200 million yuan that McGovern gave you is much higher than our total investment in China in the previous three years." ”

Xiong Xiaoge revealed his shortcomings, "In fact, our VC department has not made any profit since its establishment, and we can't see the expectation of profitability in a short period of time." So McGovern was a little disappointed in Lao Zhou, and some people around him persuaded him to replace Lao Zhou. ”

Zhang Chen was really a little surprised, after all, IDG was a giant crocodile with an annual investment of nearly 800 million US dollars in China, but he didn't expect it to be so miserable in China at this time.

"Lao Zhou and I have been old friends for many years, and it is also the IDG that I pulled him into. Although his performance is not good now, I believe that he is still capable, and it is difficult to find a more suitable person in Huaxia. ”

"So," Xiong Xiaoge said to Zhang Chen sincerely, "I hope you can help Lao Zhou." ”

Zhang Chen was surprised: "I'll help, I haven't done anything yet?"

Xiong Xiaoge said: "The reason why McGovern found you is to create an independent VC department, completely parallel to the management of IDG China, which I have no objection to. But I hope that you can integrate Lao Zhou's team as well, and at the same time, IDG Huaxia will give you full support in terms of organizational structure and system. ”

Zhang Chen didn't understand what Xiong Xiaoge was thinking at all, in his opinion, it was normal for IDG's VC department to be unable to make a profit in Huaxia for a while. After all, IDG's main investment direction is the technology industry, and in the mid-nineties, most of these companies have not yet started, and there are not even a few electronics factories, so it is normal for IDG to not be profitable.

In doing so, Xiong Xiaoge completely handed over the investment control of IDG Huaxia to Zhang Chen, and he was only responsible for IDG's publishing and consulting business. Isn't this giving up the greatest right, why did Xiong Xiaoge do this? Is there really someone who is so selfless?

Zhang Chen left Xiong Xiaoge's office under the pretext of going to the bathroom, and walked outside to call Bill Campbell. When the two talked on the phone yesterday, Bill told Zhang Chen that he was on vacation in Sweden, and it was 11 o'clock in the morning in Sweden, so he didn't have to worry about the other party sleeping.

Zhang Chen roughly told Bill about Xiong Xiaoge's request just now on the phone, and asked Bill to help analyze what the problem was.

Bill thought about it for a while, and said with a smile: "Zack, this matter is very simple, that is, your intervention, whether it is for Xiong or Zhou, there is only good and no harm." ”

Zhang Chen was puzzled: "There are only benefits and no disadvantages? How is it possible? They have lost control of the funds." ”

Bill smiled: "Have you really lost control of your money? How many years will you be with IDG? What should you do if your own Tinder Capital has a conflict of interest with IDG? How many people are available at your current age? Have you considered these questions?"

Zhang Chen was speechless for a while.

Bill said: "On the surface, Xiong's approach seems to let you eat Zhou's team, but because you can't do specific work at IDG for a long time, plus the age problem, in fact, it is Zhou's team that eats you! ”

Zhang Chen argued: "But the financial power is in my hands, and only I can decide which projects to invest in and how much to invest." Will they willingly give up such rights?"

"Finding projects, doing cost analysis, profitability analysis, due diligence, and finally forming a report, these tasks cannot be done by you alone, they will all be done by Zhou's team. It's true that you can decide which projects to invest in and how much to invest, but they can decide which projects to let you see. Bill said leisurely.

Zhang Chen suddenly realized, sure enough, he was still too young, although he had the experience of his previous life, but compared with these old foxes, he was seriously inexperienced in struggle.

With a hint, Zhang Chen made up part of the content by himself, for example, the reason why Xiong Xiaoge adopted such a roundabout method was also because the large number of shares of Tinder Source in ICQ and Starcom made Xiong Xiaoge have some scruples about his future development. I'm afraid that if I tear my face, I will really grow up in the future, and it will become his resistance. Be a man and leave a line, and see each other well in the future, they are all businessmen, and the most important thing is to make money with harmony.

And in doing so, he also tied himself firmly to his warship. VC business is the future of IDG, but the future is the future after all, Xiong Xiaoge may not be optimistic about IDGVC's profitability in China in the short term, and it is more likely that he is currently facing pressure from McGovern, so he needs to find someone to share.

Zhang Chen breathed a sigh of relief, hehe, the abacus played well, but Brother Xiong, you miscalculated this time.

What are the advantages of the reborn?

Xiong Xiaoge thinks that controlling the information source of the project is controlling himself in disguise, but in fact, there are countless investment opportunities in his mind. Although the best chance will definitely be reserved for yourself, a little leakage from between your fingers is enough for IDG to eat.

Investing in Shunchi is a letter of investment that Zhang Chen wants to hand over to IDG. IDG says that it is mainly based on the information industry, but in the current Huaxia, if you don't invest in other companies, just information technology enterprises, you can't make a profit at all.

Moreover, with the help of IDG, completing the establishment of his own fire source capital in China is what Zhang Chen values the most. Since Xiong Xiaoge came up to give himself such a big gift, he could only smile honestly and unceremoniously.