Chapter 104 Venture Capital I

Companies such as Alibaba, Haoyudian, and Taisho Services may be indispensable if they want to get on the right track and improve their management. Pen ~ fun ~ pavilion www.biquge.info Alibaba's most important chief financial officer is absent, and there is no chief technology officer with both experience and management art, and the rest of the elite talents such as public relations personnel and administrative personnel are very lacking, which is a bottleneck for Alibaba to become a large group in the future; The delicious snacks are mainly managers who lack experience in large groups, and the current CEO of delicious snacks is not satisfactory to Liu Si; He Jianhua, who is served by Dazheng, is even more management ability, and his development ability is extremely poor.

The CFO is generally a decision-maker of a company that opens up sources and reduces expenditure, as well as reasonable tax avoidance; The CTO is an important person who can reasonably arrange human resources and not waste the company's investment; The management ability of large groups or the management experience of large companies is the basic requirement for the CEOs of the two companies.

Although Liu Si is the founder and boss of the three companies, the actual situation is that he does not know much about the real situation within the three companies.

Of course, the asking price of a headhunting company is not low, ranging from tens of thousands to hundreds of thousands of dollars for an executive talent, plus the salary of a senior executive. In total, it takes a lot of money to hire an executive, so Liu Si must carefully consider the basic situation of the three companies and then place an order for Baike Consulting Company according to the real situation.

When Liu Si, Wang Xing, He Huajian, and Li Haiping had a meeting to discuss the hiring of senior executives by the three companies, Jeff and Daphne, the two CEOs of Angel Capital and Phoenix Capital in San Francisco, USA, also sat down to chat at a night beer restaurant.

"Daphne, it's nice here!"

Daphne and Jeff are very familiar with each other, when they worked together at IDG Capital, Daphne was both beautiful and helpful, and Jeff met because Daphne helped Jeff make an investment.

"Don't think it's only you stinky men who can come here, can't I come here?" Daphne tore off a chicken leg with her graceful hands, took a hard bite of the roast chicken in her hand, and swallowed a beer.

"Miss Taylor, you have to pay attention to your image, be careful not to get married!" Jeff smiled and preached jokingly.

"Will this girl get married? It's a big deal to warm the boss's bed, and he's happy to come. Daphne doesn't eat Jeff's set, "If you have something, just say it!" Men mother-in-law mother-in-law. ”

"Good...... I'm not talking nonsense anymore, I'm down to business. Should you know Blogger, ICQ, eBay? ”

"Yes. Isn't blogger invested by angel capital? Could it be that ICQ and eBay are also invested by angel capital? Daphne is not stupid, as soon as she heard Jeff's words, she almost understood the meaning of Jeff's words.

"That's right."

"ICQ and ebay are not low in popularity today, ICQ I also applied for an account, ebay is also good, and online auctions are very creative!" Daphne's eyes lit up, and she suddenly took out a piece of paper and wiped the grease on her hands very ladylikely, and said, "The three Internet companies are very promising, and your Jeff's vision is not bad!" ”

Jeff smiled bitterly, his family knew his own affairs, "Daphne, you think too highly of me, although the investors of the three companies are angel capital, it is not me who was in charge at the beginning." ”

"That person is the boss!"

"The boss is very powerful, and he noticed ebay before it showed its prowess; The boss of ICQ has a more powerful vision, and people such as Weisge, Wadi and Goldfinger have not yet started to develop. Jeff took a sip of beer and moistened his throat, "Are you interested in these three companies?" ”

"These three companies are treasures, are you willing to do it?" Daphne was interested when she heard Jeff, but as a friend, she met privately this time, so she naturally needed to ask clearly.

Jeff smiled bitterly, "Fat water does not flow into outsiders' fields, Angel Capital and Phoenix Capital are both boss's venture capital companies." Blogger, eBay, and ICQ are all Series A financings, and the total valuation of the three companies is expected to reach at least $1 billion, so just one investment company cannot make investment. ”

"So you want to pull our Phoenix Capital into the house, right?"

"That's right. You wouldn't have turned down my offer if you wanted to come to Daphne! Jeff is very confident in this, after all, Liu Si once said that the bonuses of Jeff and Daphne are mainly in the form of dividends.

"Then you talk about the rights and interests of your angel capital in eBay and ICQ, I need real information."

"Don't worry! This information must not be told to others, but it is an exception for the people of Phoenix Capital. Jeff emphasized the close relationship between Angel Capital and Phoenix Capital, "eBay Angel Capital owns 70% of the shares, but only 50% of the voting rights, and the founder Pierre owns 30% of the shares and 50% of the voting rights; ICQ Angel Capital owns 76% of the equity and 51% of the voting rights, while the founding team owns 24% of the equity and 49% of the voting rights. ”

"The shareholding structure of the three companies is very simple, I am curious how much your angel capital invested at the beginning?" Now these three companies are the new favorites of the current network technology sector, except for a few Internet companies such as Yahoo and Amazon, which can be compared, it can be said that they are all the rage.

"Blogger invested a total of $13 million, eBay invested $7 million, and ICQ invested $10 million." Jeff remembers his job very well, he is not an old man.

"Well, the input-output ratio is very good, and now my valuation of the three companies is $1.4 billion, which means that the input-output ratio of these three companies alone has reached more than 30 times in the angel round of angel capital's angel round investment." Daphne suddenly stared at Jeff and said, "What about the other companies that your angel capital invests in, do you need our Phoenix Capital to lead the investment?" ”

"Hey...... The other companies didn't bother Miss Taylor. However, our angel capital is very interested in the shopping project of Phoenix Capital, if Daphne you need angel capital for something, don't be polite! ”

"Don't even think about it, the current funding of the shopping project is sufficient, so I don't care about you, do you think I'm a fool? How is it possible at this time to take out the shopping project! ”

"It's just talking, after all, our two venture capitalists are a family!" Jeff smiled awkwardly, a little unbearable Daphne's female style, "Let's take out $30 million for a total of $60 million to lead the investment in Blogger, eBay, and ICQ, what do you think?" ”

"I am still very optimistic about the prospects of the three companies, and I am also in favor of the two co-lead investors. However, I personally think that we should call and ask the boss for his opinion before that! ”

"Of course, the boss will give a better opinion."

"No matter what the boss decides in the end, we still have to discuss in detail the matter of co-leading the investment in three Internet companies." After chatting for so long, in fact, the venture capital that participated in the A round of financing of eBay, Blogger, and ICQ did not explain.

"What's the problem, please ask!"

"What international capital has participated in the Series A financing of the three companies?" Daphne needed a detailed catalogue of these.

IDG Capital, Sequoia Capital, SoftBank, Goldman Sachs, DFJ, Intel Investment, Morgan Stanley, Carlyle Capital and many other venture capital firms have sent offers to all three companies. The founders of the three companies told me that each of the investment invitations they received was able to fill the street. Jeff is very optimistic about the three companies, but the Internet is really very money-burning, in just a few months, millions of dollars have been burned, especially the most rapidly developing ICQ, which can basically only be called another month. If the funds are not available after a month, then ICQ can declare bankruptcy.

"Angel Capital occupies an absolute controlling stake in the three Internet companies, so Jeff, you should first confirm what the valuation of the three companies is in the Series A financing, and then send an inquiry letter to each venture capital to confirm the participation of the three companies in the Series A financing. Accordingly, the investment share of each venture capital is arranged. Daphne was very attentive and straightened out the whole thing at once.

"Then I'll call my boss first and ask for his opinion, and then we'll talk about it."

When Jeff called Liu Si, it was about nine o'clock the next morning, and it was indeed more than 11 o'clock at night in the United States during this time period.

"Hey, hello, who's that?" More than 9 o'clock was drowsy, and Liu Si definitely didn't wake up.

β€œboss,ithinksay……”

As soon as he heard this bird's English, Liu Si's whole person went crazy, and the crux of the problem was that Jeff's voice was not small, it was simply deafening. Anyway, he couldn't understand it, so he hung up the phone at once, but it should be Jeff who listens to the voice. Liu Si, who didn't want to get up, had to get up slowly, wash his face, brush his teeth, wash his hair, arrange his hair, and dress, in short, it took about 40 minutes to call a group of bodyguards who were exercising to drive to Weixing Building.

"Li Haiping, you call Jeff to cross the ocean, just now this guy called me early in the morning, so I didn't sleep well." As soon as I came to Weixing Building, I went straight to Li Haiping's office.

"Understood, boss."

You have to have an interpreter on the phone with Jeff, and Li Haiping is the best translator, and he doesn't need money.