Chapter 614 Acquisition of the Quantum Fund
The interview for Paulson took Ye Jingcheng nearly half an hour. Pen Fun Pavilion www.biquge.info and the final result, Ye Jingcheng did not give a direct reply, but asked the other party to go back and wait for news.
Paulson, who was new to the workplace, was obviously stunned, it stands to reason that Ye Jingcheng should be persuaded by him, and then hire him on the spot. Could it be that the two sides are not the same kind of people at all?
He chose to apply for this agent position, compared to the salary of 200,000 US dollars, whether it is for Ye Jingcheng or for him, it is not the most important point. The most important thing for him is that it is an opportunity to grow and that this company is worth investing in.
And out of Ye Jingcheng's consideration, he thinks that the other party's character still needs to be sharpened, and he always seems to say a sentence. It's not a question of arrogance or not, but how to handle things tactfully if you are too straight?
In addition, Ye Jingcheng may not have a better choice.
In the next interview, several job seekers gave him roughly the same impression. Compared to Paulson, these candidates are more conservative than aggressive.
However, being conservative has the advantage of being conservative, which is that they can better maintain a company. Plans like Paulson's are good for the company in the early stages, and even in the middle of the day, they can help the company soar, but in the later stages, they ......
This legendary investor, who made $5 billion a year, to the "big failure" on Wall Street, shows that he still has something to reflect on.
Two of the candidates who were too modest were excluded, and the other three resumes were temporarily left by Ye Jingcheng to wait for further observation before making a decision.
Now he has more important things, making an appointment with Soros of the Quantum Fund to discuss a solicitation or acquisition, the latter is more likely.
Soros is not a newcomer to the workplace like Paulson, and now he basically has mature connections, which can allow the owner to invest money in him, and there is no reason for the boss to not work for others.
During the drive to the Quantum Fund, Lu Falan worked for Ye Jingcheng to interpret it.
"Ye Sheng, the Quantum Fund was transformed from the predecessor Double Eagle Fund, and at that time Soros was still working for the investment company Arnhold &S. Bleichroeder, so this fund was not in his private name."
"It wasn't until 1973 that Soros and his assistant Rogers left Bleichroeder to set up their own business and created Soros Fund Management on the basis of the Double Eagle Fund, with only three shareholders at that time, Soros was the majority shareholder with 75 percent of the shares, assistant Rogers with 20 percent of the shares, and an administrative secretary with a 5 percent stake."
In 1979, Soros renamed the company Quantum Fund. Prior to this, the Quantum Fund had an average annual return of more than 50% for ten consecutive years. This has also made the Quantum Fund, including Chairman Soros, have attracted the attention of many investors on Wall Street. ”
"Although the yield has been reduced to 30% in recent years, Qukebase is more sought after by investors, and the company's total value is initially estimated at 70 million, and Soros is fully capable of raising a fund of more than 400 million."
Speaking of this, Lu Falan understood why this Soros attracted Ye Jingcheng's attention. The other party's fund-raising ability is still secondary, mainly what kind of vicious vision must be necessary to make the company's continuous average annual rate of return exceed 50%?
In other words, although he is confident to manage a company well, it is basically impossible to do this, and if he can maintain a rate of return of 10% per year, it is estimated that he will think that he has done his duty.
You must know that Soros is on Wall Street, and he has only recently emerged from the newcomers. Sure enough, with his ability, he came to Wall Street, just like entering the city in the countryside, and he could only work for a lifetime.
At this end, Ye Jingcheng, who listened to the survey results, was also pondering the discrepancies in this data. The market capitalization of Quantum Fund's 70 million does not seem like much, but this amount is only based on the company's current development and its deeper potential value.
And the largest proportion of them is undoubtedly Soros's talent. It can be said that he has a quantum fund, and only then has the return rate of more than 50% for four consecutive years.
Soros doesn't have a quantum fund, he can build a second or third quantum fund. And once the quantum fund loses him, it is no longer a complete quantum fund. Even if you change to a capable executor, you will never be able to achieve its future results.
So in Ye Jingcheng's eyes, one Soros alone is more than 70 million. Therefore, the main purpose of the next acquisition of the Quantum Fund is not to tie it to this company, but to tie it up with Soros.
came to the building where the Quantum Fund was located, Ye Jingcheng did not go directly to the company to find Soros, but waited for the arrival of the other party in the café downstairs. On the one hand, there are reasons for private affairs, and on the other hand, there is a temptation for Soros.
Not long after, Soros appeared in a straight suit. There is nothing remarkable about his appearance, his body is much stronger than ordinary people, and compared with the photos that Ye Jingcheng has seen in later generations, Soros does not have that sense of vicissitudes today.
"Mr. Ye, you are younger than I imagined." The two shook hands, and Soros said.
He didn't say this to flatter the other party, but Ye Jingcheng looked like he was only in his early twenties, which really surprised people because of his net worth.
Soros asked himself that at this age, he seemed to be still studying for a bachelor's degree at the academy and had not even stepped into the circle of the financial industry. Not to mention that among the collected information, Ye Jingcheng has a net worth of at least 2 billion US dollars.
"You're welcome, please be seated."
"I don't know what Mr. Ye is looking for me for?" Soros was not too polite and went straight to the subject of this meeting.
"Before I came, I took a look at Your Excellency's resume in the past few years, your ability and style of acting are very suitable for my requirements, I don't know if you are interested in coming over to help me do things." Ye Jingcheng said tentatively.
Soros nodded, and declined without much thought: "I am very grateful to Mr. Ye for your appreciation, but for the time being, I will not consider being hired by others." ”
"Don't think about it anymore?" Ye Jingcheng smiled and put forward the condition: "Even if it is an annual salary of 10 million US dollars? ”
"This ......," Soros hesitated.
The annual salary of $10 million is indeed an irresistible temptation for Soros now. Confuse. You must know that in the ten years since he founded the Quantum Fund, he has only accumulated a net worth of 50 million US dollars.
If he does things for Ye Jingcheng at this time, ten years is enough time for him to become a billionaire.
However, what Soros is most concerned about is not the salary Ye Jingcheng offered him. However, the road to investment is not necessarily smooth sailing, and it is possible that a mistake will put all the capital into it.
After some inner struggle, Soros responded: "I'm still the same, for the time being, I don't consider being hired by others." ”
It was Ye Jingcheng who valued it so much that he was sure of his idea of investing on his own. If he didn't have this value, how could the other party offer such generous conditions?
"Even so, let's talk about the second thing." Ye Jingcheng put aside the topic just now and said, "I don't know if your quantum fund accepts investment?"
"Since my company is raising funds externally, it is natural that anyone is welcome to invest, but Mr. Ye, do you understand the concept of quantum funds? After all......" Soros seemed to think of something and asked, "Mr. Ye, do you want to take a stake in my company?" ”
"That's right." Ye Jingcheng snapped his fingers, and Lu Falan, who was accompanying him, took out a document.
Soros took it and looked at it carefully, it was an acquisition plan for the Quantum Fund. It mentioned that Ye Jingcheng was willing to invest 30 million US dollars to acquire 40% of the shares of Quantum Fund.
After all, the total value of the quantum fund is about 70 million, and Ye Jingcheng acquired 40% of it for 30 million.
However, the fund company is different from a conventional enterprise company, its market value can only be used as a reference number, and more importantly, its potential value is estimated, and 30 million obviously does not meet Soros's expectations, let alone whether he has considered selling his equity.
Seeing Soros's resistance, Ye Jingcheng increased his chips and said: "Don't be in such a hurry to refuse, I still have a plan here." It is a capital planning case entrusted to the company after investing in the quantum fund. ”
Soros glanced at him meaningfully, knowing that the other party was completely prepared, and didn't give him too much time to think about it. However, if there are not enough conditions, he insists on keeping his shares.
Although he has 75% of the equity of Quantum Fund, if he opens his mouth here with Ye Jingcheng, it is inevitable that others will do the same in the future, and over time he will lose control of the company.
However, all these thoughts were completely forgotten after he simply read this business plan. Not to mention the ultimate goal of the project, the more than $5 billion in fundraising alone has caused a shock in his heart.
With such a huge amount of money, no matter what investment is made with it, Soros believes that he can do 'money rolling'.
"Mr. Ye, I don't know the specific goal of this business plan...?" Soros couldn't help but ask.
Ye Jingcheng shook his index finger slightly, and it was naturally impossible for him to reveal the plan before he got a clear answer from the other party. Instead, he said, "Now we can talk about acquisitions first?" ”
Only then did Soros restrain his emotions and understand that his request was abrupt. But I don't know the specific situation, and I want him to give up the company's equity, which makes him a little unwilling.
Or can you go back and analyze Ye Jingcheng's specific plan through the information of the business plan? The thought flashed through Soros's mind.
However, he quickly rejected the idea, and Ye Jingcheng assured that he would tell him this information, proving that the other party had done enough secrecy measures, or that the plan was likely to be carried out in a short time.
When he finishes his analysis of this plan, maybe Ye Jingcheng's side of the operation has ended, and where is there still a chance for him to fish in troubled waters.