278: The Problem with Venture Capital
Go home?
Xiao Tao, Xiao Qi, and Xiao Hui were stunned, and after receiving the notice from Aunt Zhao, they were shocked and forgot to read the content of the notice.
"Good thing, don't be so nervous." Aunt Zhao smiled and said casually.
The three children haven't been home for a long time, although Aunt Zhao also feels a little sorry for them, and often invites them to eat at home during the holidays.
But Aunt Zhao's home is not their home after all, no matter how well Aunt Zhao treats them, Aunt Zhao is not their parents after all. The poverty of the family made them children have to shoulder the heavy responsibility of making money early.
And this time, Aunt Zhao was also a little shocked after hearing the news. She doesn't know how to surf the Internet or anything, and she doesn't have that time to read newspapers and watch TV or anything, so Aunt Zhao doesn't know anything about the Roselle Foundation.
Xiao Tao opened the notice, and Xiao Qi and Xiao Hui also came over.
"Roselle Foundation?" The three of them were stunned in unison.
About this Roselle Foundation, they did hear about it, this foundation was in the limelight during this time, even if the three of them didn't have much time to go online, but they had also heard about it from their classmates.
Of course, the main reason why this foundation is widely rumored is because this foundation has six ambassadors, plus Wang Luo, a super popular idol, as the biggest rich man behind it.
It can be said that most of the people who are really helping Wang Luo and them promote this foundation are their fans, and some are really poor students with a trace of illusions.
'Notice!
Our school has signed a financial aid agreement with the Roselle Foundation starting next year. The Roselle Foundation will provide assistance to students from poor families who are required by the Complex Foundation. The Roselle Foundation was newly established. As a result, the Foundation's funds are limited. After negotiation, next year's assistance plan will be mainly for students with more than half a year of work experience. For students with compound conditions, please contact the counselor before the holidays.
In addition, the Foundation requires students applying for financial aid to provide the following certificates, poverty certificates from the government departments at the village (street) township and town (district, county) levels, proof of subsistence households, copies of household registration books (all), and copies of the applicant's ID card. Proof of school. All six are indispensable.
In order to ensure that the foundation funds can help more students in need, if the conditions do not meet the requirements, please do not apply, the foundation will visit and investigate the family status of all students who have passed the application, and if the proof provided is false, the foundation will investigate the legal responsibility.
Tenkyo University, Academic Affairs Office, January 20. ’
After reading the entire notice, the three of them were shocked at first, and then delighted. Because all three of them meet the conditions of the Foundation, each of them is poor, and even the house is a few decades ago. It's raining heavily outside, it's raining in the house, and the poor even have a means of transportation that is only a bicycle from more than ten years ago. The electricity bill is dozens of dollars a year.
And all of them are low-income households, as for the school certificate, it is even simpler, the shortest work-study of the three of them is a year and a half, and the school proves that this is not a problem at all.
And more importantly, they have heard of the Roselle Foundation, and they also know that this foundation is definitely not a lie. Besides, since even the school has issued a notice, how can it be a lie?
The three of them couldn't wait to run to the office to ask their respective counselors about the situation, but the work in hand was not finished yet, and if they ran away, it would be difficult to explain if they were seen by the boss.
The three of them ran to the trolley in a bit of a panic, and then, they only needed to put the washed dishes and chopsticks into the disinfection cabinet, and then clean the back kitchen to call it a day.
"You three go to the office, the work here is handed over to Aunt Zhao." Aunt Zhao looked at the three of them with a smile, there was no heavy work in the future, even if the three of them left, Aunt Zhao could do it in twenty minutes at most.
Besides, for these three children, Aunt Zhao likes them very much. Although the family is a little poor, these three are all first-class good children, able to bear hardships and stand hard work, although they are not the best in learning, they can also rank in the middle of their respective classes, and they are polite.
For Aunt Zhao, who is from the same background, how can she not like the three of them?
"Aunt Zhao, we're not in a hurry for a while." Xiao Tao turned his head and smiled at Aunt Zhao, and then quickened his pace.
If the three of them do it together, these tasks can be done in about ten minutes, and Aunt Zhao is old and her health is not very good. How could they leave Aunt Zhao alone to work for them?
When the three of them ran to put the dishes and chopsticks into the disinfection cabinet, Aunt Zhao shook her head with a smile, and then picked up the broom and began to clean up. A few minutes later, the three returned to the back kitchen, and the four of them quickly cleaned the back kitchen.
After doing this, the three of them left the restaurant with some eagerness and trotted all the way to the office building.
"Teacher Huang." Xiaohui ran to the office where her counselor was, gasping for air.
The middle-aged man known as Mr. Huang is slightly fat, and his eyes are not big, especially when he looks at people, he always shows a pair of shrewd mouse eyes, which gives people a very unhappy feeling.
"Xiaohui, what's the matter?" Teacher Huang looked at Xiaohui slightly, feeling a little proud.
Mr. Huang has expressed his desire to help Xiaohui many times, but he has been rejected by Xiaohui every time, which makes Mr. Huang hate it so much that he wanted to scold people several times, but when he thought of his identity, he had to endure it.
And what Mr. Huang hated the most was that Xiaohui would rather go to the cafeteria to wash dishes than accept her own help. This made Mr. Huang very unhappy.
After receiving the notice from the school, Teacher Huang finally smiled, but sneered in his heart. Didn't you hear Gao clearly? See if you're coming to beg me this time? I used to pay for it, but now, even if I don't pay, you have to come and beg me, and you have to make me happy.
"Teacher Huang, I heard that there is a foundation that cooperates with our school, so I want to ......" Xiaohui naturally knew what Teacher Huang meant, if it weren't for the foundation's affairs. Xiaohui wouldn't come to him by herself at all.
But he was his own counselor. The school's notice made it clear. You have to go to a counselor for this.
"Oh, that's the case, but I informed you that the current funds on the Foundation's side are not very sufficient, so our school also has places, and your situation is slightly better than some other students, so this time you should be prepared or prepared, but don't get too much hope." Teacher Huang said with a serious face.
"But Mr. Huang. My situation is indeed in line with the requirements of the foundation......" Xiao Hui felt a little aggrieved in his heart, he knew what Teacher Huang meant, but Xiao Hui would never agree, so Xiao Hui was still making the last struggle.
In the end, if you don't pass, then forget it, it's a big deal to continue working at that time, and the money spent on going home for the New Year, just go to school to pick up some bottles and make up for it after the beginning of spring.
"Xiaohui, your situation does meet the requirements of the Foundation. But don't forget, there are many students who are more difficult than you. The Foundation is now in its infancy. It's not possible to put all the money into it. Okay, you can go back first, just call me if you have something. Teacher Huang waved his hand impatiently.
This is in the office, and Mr. Huang doesn't dare to say anything too much, although there are no other teachers in the office now. But Mr. Huang had to guard against it, the meaning of his words had been made very clear, if Xiaohui wanted to report his name, then he would come to him honestly.
Otherwise, even if she prepares all the materials, she will still detain her materials at that time. As long as she can't get the Foundation's assistance, the money wasted going home for the Chinese New Year will make her have a gap in her tuition fees next year.
It is basically impossible for a student of Xiaohui's status to borrow money from among his classmates because they basically do not have any ability to repay.
Anyway, Xiaohui has also dragged himself for a year, and Mr. Huang is not in a hurry for a while, but when the time comes, he will definitely let Xiaohui follow him with all his heart.
Xiaohui left the office with a depressed face, and the moment she left the office building again, two lines of tears fell down her cheeks.
Alone, helpless in this big city, although she has worked hard in normal times, but now she is still forced to this role, and the person who persecuted herself is still her own teacher.
Over the past year, Mr. Huang has always found different excuses to mention that matter to himself, but Xiaohui has always avoided Mr. Huang. Even if she can't avoid it sometimes, she will go with a few classmates.
Although Teacher Huang hates her so much, Xiaohui usually doesn't go out of school, so Teacher Huang can't do anything about her, so she can only stare at her like this.
Xiaohui also has a younger brother in the family, who is about to take the college entrance examination, and his younger brother's academic performance is better than Xiaohui's, but unfortunately the sky is not as good as people want, and the family is unable to support two college students.
As early as the beginning of the school year, Xiaohui was already thinking about whether she would drop out of school and then go out to work to make money to help relieve some of the burden on her family.
Although Xiaohui used the family's money to pay the tuition fee in the first year of college, other living expenses were basically earned by Xiaohui himself. In the future, I basically won't spend the family's money anymore, but it is very likely that the family will not even be able to pay for one person's tuition now.
And Xiaohui must also make a choice, whether she will continue to go to school, or drop out of school and give the money she saved this year to her younger brother to pay for tuition. The Roselle Foundation signed an agreement with the school, which made Xiaohui happy.
If she can get a bursary from the Roselle Foundation, then the money she saved this year can also help her brother pay for tuition, and she doesn't have to drop out.
It's a pity that Xiaohui saw the road, but there was a tiger blocking there on the road, if he wanted to walk this road, Xiaohui had to leave something, and this would be the regret of his life.
"Xiaohui? How's it going? Xiao Tao walked out of the office building with an excited face, and saw Xiao Hui standing alone at the door in a daze, and hurriedly stepped forward to care.
"It's fine!" Xiao Hui shook her head, she didn't want this matter to be known to everyone, so she could only pretend that nothing had happened. "What did your counselor say?"
"The counselor said that I could definitely get a bursary, but this Roselle Fund is really weird, and it only requires us to do volunteer activities twice a month as required." Xiao Tao said excitedly, not noticing Xiao Hui's abnormality at all.
Not for a while. Xiao Qi also walked out of the office building. The same smile on his face. Obviously, he's already done it on his side.
It's just that, compared to Xiao Tao's excitement, Xiao Qi saw some abnormalities in Xiao Hui. On the way back to the living quarters, Xiao Qi intentionally or unintentionally mentioned some things about the Foundation, and Xiao Tao answered these questions fluently, while Xiao Hui did not say a word.
This further verifies Xiao Qi's thoughts. Regarding Mr. Huang's ridiculous requests to Xiaohui, Xiao Qi once again accidentally heard the conversation between Mr. Huang and Xiaohui.
Although Xiao Qi wanted to go up and beat him, Xiao Qi was just a student after all, if he was impulsive, then Xiao Qi's life would be over.
Although Xiao Qi chose to be silent at that time, now, Xiao Qi feels that he should not be silent. Because if it continues like this, Xiaohui will be finished.
………………
Roselle Entertainment, a few companies that were originally located upstairs from Roselle Entertainment. For various reasons, I was able to move ahead of schedule.
This year. As long as the rent is paid, the tenant will generally not move out of the rent due to personal reasons. And those companies either choose to close because of poor performance, or the business is too good and the company needs to be expanded urgently. But because all the offices on that floor were rented by Roselle Entertainment, if they wanted to expand, they had to rent offices on other floors.
In this way, it will be very detrimental to the internal affairs of the company. Therefore, after Roselle Entertainment offered a price, these companies also chose to give up their offices to Roselle Entertainment.
Therefore, now Roselle Entertainment has a whole two-story office area. No, to be exact, it should be one and a half floors, and the remaining half of the floor is given to the Roselle Foundation. Of course, the rent is naturally deducted from the books of the Roselle Foundation.
Of course, the Roselle Foundation only occupies half a floor of office space, which is obviously not enough.
Next, they need to review the materials of students who apply from all over the country, and then they also need to enter the information into the system. In addition to this, there is a need to create a separate office space for the investment department.
If it was exactly what they had expected, the entire Roselle Foundation would need at least two floors of office space.
In Wang Luo's office, there are three people sitting on the sofa, Wang Luo, Zhang Ran, and one is Zhang Ran's best friend, who was also a returnee who was pulled back from the United States by Zhang Ran for the sake of the foundation.
"Miss Liao, I don't know much about venture capital, and of course, I feel very uncomfortable talking about this with you, an insider. So, let's make a long story short, since Zhang Ran chose to believe you, then I don't have any opinion, but I think you should show your ability, so that I will be more convinced. Wang Luo said with a smile.
Wang Luo is not a professional venture capitalist, and although he is very interested in this aspect of things, he does not dare to play easily. The water in here is too deep, and Wang Luo can't play at all. Even some large consortia, when they engage in venture capital, they will conduct a very strict review, Wang Luo does not feel that his ability is stronger than that of those venture capital companies.
And Wang Luo's idea is also very simple, since I don't understand professional knowledge, then you can directly show me your past achievements, if you make me satisfied, then you are the boss of the venture capital department. If I'm not satisfied, then ...... Not so much, since Zhang Ran chose to believe it, Wang Luo didn't think that Zhang Ran would smash her own signboard.
Liao Yi smiled slightly, obviously not expecting Wang Luo to be such an interesting person, but for Wang Luo's recklessness, Liao Yi didn't think there was anything about it, but felt that this Wang Luo had a very good appetite for himself.
The biggest risk in venture capital is trust. Whether a venture capital institution can make money depends on the courage and ability of the person at the helm. Here, although Liao Yi will become the helmsman of Roselle Fund Ventures, she is not the absolute boss.
Before taking office, she needs to determine her absolute position in the foundation to ensure that Wang Luo, the major shareholder, will not hold her back at a critical moment.
"Five years ago, I joined the Kairou Fund in the United States, and for the first two years, I studied under other leaders. From the third year onwards, the Foundation gave me an initial fund of $5 million, which I controlled alone, and no one from the Foundation had the right to interfere.
At that time, I invested the $5 million in a company that was about to go public and gave $5 million in exchange for 20 percent of the shares. Half a year later, the company was successfully listed on the New York Stock Exchange, and the value of my shares exceeded $20 million on the day of listing, and two years ago, I sold off the company's shares, and it took a year to make a profit of $25 million.
With the principal, two years ago, I had $30 million in my hands. This time, I successfully controlled a company that was about to go public, and started to operate this company for listing, so far, the company has brought more than 100 million US dollars in dividends to the foundation, and the foundation is still the controlling shareholder of this company. ”
Wang Luo frowned slightly, five million dollars, two years to become 100 million, and then he was still the controlling shareholder of a company. Liao Yi's record is definitely beautiful.
But there is also a problem here, that is, the way Liao Yi operates.
In China, the control of listed companies is very strict, and if there is a problem with funds, even if they get financing, it is impossible to successfully list in a short period of time. Not to mention the huge profits that come with going public.
In addition, there is a very critical issue here, there is a restriction period for the shares in the hands of the original shareholders of the listed company. This will dramatically increase the total amount of the Foundation's assets, but the liquidity on the books will decrease rapidly. According to the basic plan of 20% of the Roselle Fund, relying on this mode of operation, there is no way to fill this hole.
Therefore, if you want to make money in the long run, Liao Yi's operation mode is undoubtedly the most suitable, but the foundation must now make a profit in a short period of time, otherwise it is impossible to complete the development outline of the foundation within five years by relying on the capital injection of their directors.
Failing to complete the development outline means losing trust at the top, and the serious consequences brought about by this are definitely not something Wang Luo can bear. (To be continued......)