Elon Musk has actually made it clear that in Silicon Valley, the IT technology and biotechnology investment circles are two environments that do not interfere with each other, and it is difficult for someone to cross both sides at the same time. Pen % fun % Pavilion www.biquge.info

Elon Musk has a bad reputation in the IT technology community, having been kicked out of the board several times, and now, he has chosen a new field that belongs to neither IT nor biotechnology - new energy vehicles.

The biotechnology investment circle is different from other circles, this is a very capital-eating investment circle, there are basically no angel investors, and the possibility of hundreds of thousands of dollars to start a project is basically non-existent, often a piece of equipment is worth hundreds of thousands, and an experiment will cost hundreds of thousands.

To put it simply, the venture capital circle of IT technology is a small gamble, in case of winning, it is a super high market value of hundreds of billions, and the venture capital circle of biotechnology is a big gamble, purely fighting for strength, not something that large companies cannot afford to play, without hundreds of millions of dollars of investment, don't even think about it.

In the United States, even the well-known Red Shirt Capital and IDG try to stay away from biotechnology investment and only make long-term investments in a few low-risk projects, because the incubation period of biotechnology investment is extremely long, and it may take seven or eight years to produce results, or it may take more than ten years, or even no results at all.

Elon Musk admits a basic fact, compared with Xu Teng and The-Shunfamliy, he is just a small trench in the venture capital field, and the Xu family is a real god-level trench, comparable to the level of Warren Buffett, Bill Gates, and Larry Ellison.

Since Elon Musk declared that he was a blonde beauty, there was exactly two hours to go, Xu Teng decided to take a look, but where exactly, Elon Musk seemed to have forgotten a little, last time, he accompanied Peter Thiel, another founder of PayPal, to inspect the project here, drink a glass of wine and chat by the way.

The bar where he was drinking, he remembered, where the laboratory of the small company was, he forgot, and remembered that the founder was beautiful.

Elon Musk drove around the neighborhood, looking for impressive markers everywhere, while talking to Xu Teng about the last investigation, at first, he and Peter Thiel thought it was a small-scale biotechnology investment, and chatted with the founder and other researchers for several hours, only to know that the idea is very exquisite, very small, and not so responsible for the research of tumor drugs, which still requires hundreds of millions of dollars of investment.

It took him about half an hour before he finally led Xu Teng to a slightly old building, where he found a biotechnology experimental development company, Theranos.

At this time, Elon Musk doesn't know, and Xu Teng doesn't know, this will be the most famous and probably the blackest unicorn company in the history of American biotechnology.

However, the CEO, Miss Elizabeth Holmes, is a real blonde beauty, and she is a standard blonde with blue eyes, slender and tall, and she can obviously rely on her face and body to be a model, but she wants to start a business.

The first time Xu Teng saw her, he had to admit that this was a stunning blonde beauty.

Elon Musk met with the other party, initially talked about the investment plan, heard that it was mainly the development of equipment and testing technology, initially said that it was millions of dollars, and then chatted, and found that tens of millions of dollars were difficult to solve the core problem, he wittily quietly withdrew.

This time, he just came to take Xu Teng to see the beauties.

Theranos' field of research can be simply called "point-of-care blood detection technology", and the idea is to test almost all diseases with a single drop of blood, and it is already possible to detect seven diseases.

Xu Teng is still very interested, but with his scientific literacy, the rough estimate is really not so simple, especially according to Miss Elizabeth Holmes's vision, which has to design a separate chip and laser emission and analysis device, and at the same time includes a large number of chemical detection reagents, biological enzyme reagents research.

There is also a very complex problem here, a small drop of finger blood contains a very limited number of blood cells and other cell bodies, how to allocate to a variety of reagents, then it has to involve another more exaggerated field - nanotechnology.

What the can a small startup do?

Xu Teng will launch the entire Huateng company now, and it is estimated that he will also cooperate with the Chinese Academy of Sciences to engage in production and research cooperation, so that he can be sure that it will take ten years to slowly enter the experimental field, and finally it may take longer to be practical and commercialized.

"Sherlock Holmes, tell me, as far as you know, which companies are conducting similar research in the biotechnology community in Europe and the United States?" Xu Teng wanted to ask clearly, because the companies that can do this kind of research are generally Merck, Siemens, Johnson & Johnson, and Philips are more reliable, especially Siemens and Philips, which are the most reliable.

"Not yet. Miss Elizabeth Holmes smiled softly and confidently, and was glad that there were no other companies working in this field for the time being.

"Johnson & Johnson and Abbott are doing it. Elon Musk immediately reminded Xu Teng that he didn't expose the lie facelessly, he didn't believe it, he could find out this information, Elizabeth Holmes, the direct operator, would not pay attention to this information?

"Ah, that's not an eye, but I'm sure theranos has taken the lead. Miss Elizabeth Holmes' nonchalant wry smile proved that she had not deliberately concealed it, and indeed did not know that these large companies were also developing similar projects.

"This is indeed a relatively large-scale investment plan. Xu Teng told him calmly, estimating that although the other party was a dropout of the biology department of Stanford University, she probably knew that if she wanted to solve several core problems, she must devote herself to the research of nanotechnology.

She can not devote herself to research in this field, but can only wait for other nanotechnology companies to make breakthroughs and absorb this new technology.

"Perhaps, what we did was a stupid thing, right?" Miss Elizabeth Holmes and Xu Teng were about the same age, and when she heard that Xu Teng was the richest man in China and the king of the upstarts in the Internet technology industry, she was very envious, and she still smiled gracefully and calmly, and did not seem to mind that she had taken a wrong path.

"I don't think it's stupid, sometimes, knowing that it's a tough road, you should stick to it, in China, in the United States, and in Europe, thousands of new companies are born every day, and the vast majority of them fail, and the reason for their failure is often not a lack of funds, but not for a period of time. Xu Teng decided to deceive people, he is a master of deception, "In my most difficult moment, my family let me start my own business, so I didn't have much capital at all, so I could only face all challenges on my own." To make matters worse, I had a terrible opponent who had $40 million in investment cash and copied every one of my projects online. A lot of people persuaded me to sell the company to them, but I didn't do it because I knew that I would rather go bankrupt than bow to anybody, cut off my head, and I would never compromise. ”

He resolutely made a slicing neck gesture to encourage Miss Elizabeth Holmes, come on, slowly trap yourself, and it is better to trick a lot of men into investing in your company.

For example, Xu Teng is ready to invest millions of dollars to help her support her and help her build momentum.

This is a game of drumming and passing flowers, as long as the other party does not play too lacking in morality, even if it is not profitable, it will definitely attract capital to keep investing.

"In my family, in China, we have a philosophical saying, never fear the strong, on this planet, most things, if you don't stick to the end, you will never know the end. ”

Xu Teng never missed any opportunity to pretend to be forced, especially when there were top beauties present, he was dressed in a top suit, with his legs crossed nobly, sitting on the sofa to explain his point of view, "Miss Holmes, as long as you analyze the situation bravely and calmly, you will definitely find a way to persevere to the end, defeat the strong, and become the final winner." But I still have to tell you, when you decide to do business, never deceive your customers, your allies, and don't hide it, even if it's well-intentioned. Integrity is everything, and when I decided to go into business, my father taught me that he would rather go bankrupt than cheat anyone. Now, that's my business motto. ”

, if Xu Teng's words were heard by Mr. Xu, Mr. Xu would probably be able to jump off the Huangpu River Bridge in shame, Mr. Xu is a real master of deception, he started selling fake drugs and made tens of billions of dollars.

It doesn't matter, Xu Teng is just pretending to be forced.

This is the United States, and doing business should pay attention to famliy, and playing the sign of famliy means good education and moral inheritance.

Elon Musk and Elizabeth Holmes were shocked by Xu Teng, and although The-Shunfamliy is from China, it is by no means in vain.

Xu Teng's adaptability is far better than that of Mr. Xu's mother, and he has basically figured out during this time in the United States that in the political and business circles in the United States, especially in the business world, if he does not pretend to be forced to die.

Mr. Xu has always felt that Huayin's investment in the United States is a mess, and the money has been earned, but he has always had no clue, has not been able to sort out his contacts, and has failed to join a stable business circle.

Mr. Xu learned this lesson a little bit in Europe, and would rather lose money, but also buy Richemont Group at a premium, incorporate Phoenix Capital, and then buy BMW and Liverpool Club, desperately trying to enter the upper class.

It's a bit embarrassing after all.

A lot of money has been spent, and the effect is not good, or can only fool compatriots in China.

Mr. Xu soon realized that in the United States, he still had to wear a dog-like appearance, and he would blow up, and strive to support the-shunfamliy's signboard, because family heirs and elite inheritance are a mainstream consciousness in American Anglo conservative culture.

This is diametrically opposed to the grassroots doctrine of "princes and generals, rather have a kind" in traditional Chinese thought.

Xu Teng patiently made the most of this time to discuss the direction of Theranos with Elon Musk and Elizabeth Holmes, and this time, Miss Holmes finally admitted that she did not anticipate the complexity of the technology.

The biological method she initially considered required a large amount of instrumentation to support her research, and she needed specialized new equipment, which also needed to be developed.

It wasn't until Xu Teng mentioned the limit of the Reynolds index of cells and prompted Miss Holmes to consider nanotechnology that Elon Musk suddenly let out a "wow" sound, and he finally realized that this was a god pit.

Although the point-of-care blood detection technology is a wonderful idea that will eventually be realized in the future, in terms of the current level of technology in other fields, the entire technology ecosystem is still immature, and it is tantamount to a fool's dream to rely entirely on a single theranos company for all scientific research.

"I can invest, but I will not consider whether I need to invest in your company until I discuss it with a few members of the Academy of Sciences to see if there is a need to advance nanotechnology research. Xu Teng did not directly cut Miss Holmes's entrepreneurial dream, "Before that, I decided to lower the goal and try to use venous blood instead of finger blood, although it sounds more commercially appealing." If you are a student of bioengineering and have been working in this area, you should be able to understand the gap in this area. ”

Xu Teng had almost squandered his time, so he got up and went to Xiaopo's company Facebook with Elon Musk to meet with Xiaozha, Chris Hughes, and Dustin Corwitz.

The other party held the Xu family's family trust fund to give more than four million US dollars in cash flow, and there was indeed no shortage of funds for the time being.

Xu Teng has been involved in social networks much earlier than Xiaozha's group of people, and his experience in technology, platforms, customers and content management is much richer than them, including many issues that may be involved in the entrepreneurial process, Xu Teng can communicate with them.

In the evening, Elon Musk had a treat, and a group of Internet upstarts had dinner and a drink at a nearby pizza shop, and continued to chat until more than ten o'clock in the evening.

Not all towns in the United States are very unsafe at night, at least in Silicon Valley, the night is relatively safe, and the more terrifying thing is the industrial cities of the past, such as Chicago, Detroit, Cleveland, and Pittsburgh, where the urban area is the time for criminals to operate at night.

In Xu Teng's opinion, this is simply terrible, but for Elon Musk, Xiaozha and others, all this has long been commonplace, and it feels normal.

Mr. Xu's month-long trip to the United States, the last two weeks of which he lived in Silicon Valley, visiting a tech giant almost every few days, from Microsoft to Oracle, Google and Apple.

At this time, he went to Facebook three times, put forward some opinions, discussed a lot, and it was not until the third visit to Facebook that he talked about investment with this group of peers, and it was quickly negotiated.

His terms were lenient, with Tencent and a newly registered SVB company injecting $47 million into Facebook at one time to acquire 40 percent of the shares, and after the re-injection, Tencent would hold 25 percent of Facebook's shares, but within 20 years, all voting rights would be given to Xiaozha and Chris Hughes.

This means that unless there is a major change in Facebook's shares, Xiao Zaji will always have a majority of the company's voting rights.

The completion of this investment has been on October 14, Xu Teng's visit to the United States is exactly one month, and when the investment contract was officially signed in the afternoon, all the important shareholders of SPK Capital in the United States took a group photo, which was posted by Chris Hughes on Facebook.

This is actually a venture capital bank with the majority of capital provided by The-Shunfamliy, PayPal with the company's founder, Peter Thiel, as chairman and CEO, Elon Musk, Max Rafchen, Larry Page, Sergey Brin, Xu Liangjie, Jeff Bezov, Xu Teng, ...... A large number of IT technology giants serve as directors and shareholder partners.

SVB, Silicon Valley Venture Bank Company, Chinese translation abbreviated as Silicon Silver Company.

Although it is called Silicon Valley Venture Bank Company, it is actually more like a consulting service company, specializing in providing corporate consulting, financing, talent agency, and management training services for Silicon Valley startups and entrepreneurs, with the purpose of "creating more possibilities".

Facebook was Silicon Silver's first customer.

This is Xu Teng's layout, he directly threw away the idea of SPK Phoenix Capital Company envisioned by Mr. Xu, which is outdated, and it is impossible to compete with those old investment institutions in Silicon Valley.

Xu Teng changed the way of playing, the-shunfamliy provided 85% of the capital, enjoyed 70% of the profit dividends, but only enjoyed 40% of the equity and voting rights, and gave the profits to other shareholders to use his ideas to run the silicon silver company.

Once the customers of the silicon silver company are listed, they can also become shareholders of the silicon silver company at any time according to the contract, further expand the network circle, and focus on incubating more new companies. (To be continued.) )