0707 Personnel adjustment and Series B financing
[Pack up your mood and come out again!] γ
"My dad? I still called, I thought he would be silent forever! β
After the Izui Caixiang who couldn't hide the spring color in his eyebrows went out, Song Chen breathed a sigh of relief, and he didn't know whether he was expressing his spiritual pleasure or feeling his deep understanding of his father!
Although he knew enough about his father's character, he was too cold to put it off until now before he asked for help, which was enough to surprise him. If I remember correctly, three or four years later, my father would turn against Wang Zuoyong because of the "European City" project, and from then on go his own way, and the entanglement of interests and darkness involved were enough to make anyone shudder.
Some people say that Zhang Ruoxi has a tough nerves, and this may be the case, the beautiful spring just now has long been left behind by her, she lightly opened her lips and asked: "In fact, he still asked you for help, what are you going to do?" β
Song Chen said lazily, "What can I do?" I have to help him with all reason, otherwise my mother and I will be scolded by people, and maybe we will be said to be like something! But that's okay, since the relationship between father and son is difficult to maintain, it's not a bad thing to be blessed with interests! β
Zhang Ruoxi said with a smile: "Haven't you always been optimistic about domestic real estate projects, and you can borrow your father-in-law's hand to get involved in residential projects!" β
Song Chen said with a smile: "I said that the current real estate in China can only be regarded as heating up, and if you want to achieve the fanatical atmosphere like Nanhai Island in the early 9o, the power is still a little insufficient, and you need to rely on policies to push it!" It's a bit early to enter the real estate industry, but it's the right time for Dasong Group, which is short of talents, experience and funds, as long as it accumulates enough experience and confidence in Chenxing Community and other related projects, and there are people like my dad to control the overall situation, Dasong Group will sooner or later embark on a broad road! β
Zhang Ruoxi glared at Song Chen angrily and funny: "What are you talking about?" What do you mean by 'someone like my dad', it really doesn't sound like a boast! β
"This is not a boast in the first place, it is a summary!" Song Chen shook his head. "My dad is an animal of interests, he can't afford to make a profit, as long as he can use the resources he can use, he can use them very thoroughly, and he can categorically discard them when he doesn't need them! I'm not as good as him! β
Zhang Ruoxi frowned slightly and asked, "Why are you sure that your father-in-law is such a person?" Just because he once abandoned your mother and son? β
Can he explain the origin and "past" to his fiancΓ©e? Song Chen smiled bitterly, shook his head and said, "I know him very well!" All you need to know is this, in fact, I've gotten tired of smiling in front of them for the past few years! So on this matter. I won't come forward, and neither will Chenxing Group, but Huasong Fund can! β
Song Chen didn't explain, and Zhang Ruoxi didn't ask obediently, but just asked, "Do you need me to go back to China?" β
"There's no need, let the person in charge of Huasong Fund in China talk to my father!" Song Chen's expression was faint.
Zhang Ruoxi said softly: "Will it be too faceless for my father-in-law?" He's your real father after all! β
"When your guy brings him the contract, he'll quickly let go of his senseless resentment!" Song Chen shook his head, took a deep breath, and sighed. "Believe me, he needs face, but he cares more about profit!"
β¦β¦
After Song Chen took his family to live in the "palace-style" mountaintop mansion in Silicon Valley, USA, he kept moving. It attracted countless attention for a while.
To the surprise of the media, they originally thought that Song Chen's subjective division of the two major business groups in China and the United States was to take into account the management problems brought about by Chinese and Western political ideologies, so there would be Tsai Chongxin and Eric? The power structure of Schmidt's two giants "facing each other across the sea".
However, with the smooth succession of the new management of China Chenxing Group Business Group. With the establishment of the Strategic Planning Group, the shape gradually became clear.
The apparently transitional power structure of the American Chenxing Group, which was originally held by the top management of goog1e, was canceled, and was replaced by Zhai Yan's expected continued to "control" the overall situation on behalf of her lover. And from the original charge of China's Chenxing business group to the control of the entire Chenxing empire of personnel, finance, decision-making and planning, the three key powers, the relevant directors of the two major business groups in China and the United States have become the leaders of the strategic planning group, once again confirming the global impression of the "Chenxing Empress" under the ten thousand people.
Eric? Schmidt seems to have lost the president of the American Chenxing Group, but the position itself is nominal, and it is Song Chen's unfamiliarity with the American politics and economic culture, so he made the personnel management idea of "enterprise localization", and the nature of the consultant is stronger than that of the decision-maker.
At that time, Song Chen considered that he would still live in China, and the American business group also needed managers who were well versed in American business culture, so he asked the management team of goog1e to follow the new problems that could not cope with the new problems in the United States and even local offices, and allowed the decision-making response mechanism of "make decisions first and report later" to manage the companies registered in the United States, including goog1e, on his behalf, especially Paypa1, which has been eyed by people with ill intentions in the United States, will always encounter dissenters.
The business culture of the United States determines that even Song Chen, who has traveled back more than ten years later, is difficult to see clearly in a short period of time, so Eric? Schmidt's senior managers play a key role.
Zhai Yan is Song Chen's mistress and executor, and she continues the power structure of China's business group "exercising power on behalf of her husband", which many people can see, Eric? Schmidt, the old fox, is very satisfied with the current power structure, and of course he will not be stupid enough to choose to compete with the emperor's woman for power and profit for the sake of a nominal title.
Eric? Schmidt seems to have lost the title of nominal prominence but actually has no great significance, in fact, the dilution of the American Chenxing Group has made him "lose the east corner of the mulberry harvest", and after losing the position of president of the American Chenxing Group, he has a new part-time job: director of the strategic planning committee!
The strategic planning team has the strategic planning group, and the function of this power group is to set the long-term goals of its subsidiaries and put them into practice: Alibaba Group's "make it easy to do business in the world", Baidu/goog1e's "integration of global information resources", Chenxing Network's "pan-entertainment strategy" in Song Chen Yaohua's womb, and so on...... This power group ensures that the subsidiary's long-term strategy is not distorted by the company's management team and external factors (investment institutions) and that the strategy is distorted, taking into account the basic business information gathering.
Compared with the limited personnel management and financial planning, this power group directly reflects Song Chen's strategic will to control the overall situation, and it is also a form of Zhai Yan's "exercise of power on behalf of her husband".
Also strategic planning, Erik? Schmidt, the director of the strategic planning committee, is not responsible for any business of the two major business groups, but as an advisory group for foreign investment and mergers and acquisitions of the American business group. Song Chen's upcoming takeover involving billions of dollars or even tens of billions of dollars, experienced Eric ? Schmidt and Si Attorney David? Drummond will play a huge role!
Despite this, the industry still saw some substantive things from this personnel adjustment: compared with the existing American Chenxing Group, the Chinese business group is more independent, with Song Chen's equity transfer to Huasong Fund and offshore companies, Song Chen took the initiative to dilute his imprint in China, and replaced it with a new leadership team with "Wang Xiaoxue + Tsai Chongxin" as the core of decision-making.
Since the beginning of the preparation in the middle of last year, Song Chen has spent more than a year to complete the preparation from the front desk to the back of the scenes.
Nominally, Wang Xiaoxue even has power that is not inferior to Zhai Yan, but in fact. Zhai Yan's power is more direct and powerful, not to mention that Cai Chongxin and Zhai Yan have been on business for three years, and they are closer than Wang Xiaoxue.
Anyone who knows the inside story can see that Wang Xiaoxue is just an image symbol launched by Song Chen, representing the identity and position of China Chenxing Group! Once Song Chen's nationality changes, it will not make the Chinese people immediately have a bad impression that "Song Chen transfers assets abroad", or "China Chenxing is a foreign capital", and it can be regarded as a good intention to reduce the rejection of the Chinese people.
As for how useful it is. It's hard to say, because whoever thinks of "Song Chen" when they think of "Chenxing" and vice versa! Can Song Chen's preventive injection in advance achieve the expected effect? That's not something he can control.
After a series of personnel adjustments, the media has once again focused on GOOG1E, because they are now about to have the largest single round of funding since the NASDAQ stock market crash.
Even now, when the capital environment is not optimistic. There are still many venture capital companies interested in goog1e, in addition to the Meisheng Group, which is most interested in goog1e, and SoftBank Group, which has made it clear that its equity will not be diluted, Sequoia Capital and Kleiner Perkins Huaying, which participated in the financing of Chen Galaxy earlier. Morgan Stanley, Silver Lake (private 1ver1ake), Russian DST, and Kant Fund also expressed their interest to Song Chen through different channels.
As a discerning investor, Gerald? Beilu is an important senior executive who has tried to promote Meisheng Group's investment in Chen Galaxy, and he is also the most resolute among the many funders of GOOG1E in this round of financing.
If you could, Gerald? Belu hopes to maximize the benefits of this round of financing for Legg Mason Group, which is to acquire a stake second to or slightly higher than SoftBank Group's stake in Goog1E.
Considering Song Chen's "greed", Gerald? Beilu's set goals, the investment budget is not generous, and the headquarters has strict risk control management...... In general, Meisheng Group still cautiously welcomes other peers to join him in GOOG1E and share the investment risk!
When it comes to this round of financing, we can't fail to mention Baidu: Baidu and goog1e, the "twins" that have been artificially separated because they need to face different main markets, will always be compared!
Baidu also invested 800 million yuan in the construction of the center, and the budget is the same as that of goog1e, which is not completely exhausted, and there is still a lot of balance. Because of the support of the two major shareholders, it is relatively easy financially.
The main reason why the investment budget is not exhausted is because Song Chen's "impression" deviates from reality, and the reason why the digital center of the later generations of goo1g1e often hundreds of millions of dollars and billions of dollars has a huge budget, of course, also involves related industries: the important place is the solar photovoltaic industry and wind power plants, if there is no cheap and continuous self-operated electricity, as a "power-swallowing monster" of the digital center, the annual operating costs will be unbearable!
Whether it's goog1e or Baidu, it's not that yet! The renewable energy industry, but has already entered Song Chen's investment list, it is obviously not necessary to start over, the next step will be to find a suitable target as a cross-industry springboard - this is actually a profitable business, because with the existing technology, it is difficult to make goog1e all the number of the center to achieve 1ooo use of self-operated electricity. But it can greatly reduce the cost of electricity!
This is off-topic!
The reason why Baidu has to be mentioned is because the Chinese engine giant, which is smaller in scale and market than goog1e, seems to be more "inexpensive", after the current valuation of goog1e is too high, many small and medium-sized funds that are optimistic about Song Chen but have to bow their heads because of thin capital have set their sights on this company, such as Kangde Fund had to make this compromise.
But Kant? Pamo will soon appear, and Baidu is not cheap!
"Baidu's total revenue last year did not exceed 2ooo US dollars, although the total revenue in the first half of this year was nearly 250 million US dollars, but even if the annual sales revenue of 2oo1 is expected to reach 60 million US dollars, and the profit is 2ooo US dollars, the pre-financing valuation should not exceed 400 million US dollars. Why did this valuation become $1.48 billion in Mr. Song's mouth? β
Kant? Pamo squinted his eyes and looked at Song Chen standing in front of him, his expression was somewhat suspicious and unkind!
This is the home of the Pamo couple full of American pastoral style, the location is still in the courtyard where Zhang Ruoxi and a group of noblewomen gathered, but compared to the same atmosphere as the last private party, this time it is more formal, and the invited objects are not only those young and beautiful, or mature and charming beautiful young women last time, but also some well-dressed gentlemen, young ones are in their early twenties like Song Chen. Spirited; There are also old men with white and fluffy faces, who are in good spirits...... Of course, there are also things like Kant? Pamo is a financial elite in his fifties and in the most mature state of men!
"74 times P/E. It was also relatively rare before March last year, let alone the current bad economic environment! Cisco, AOL Time Warner, and EXCE, which declared bankruptcy, layoffs and bankruptcies seem to have become mainstream voices. Internet companies are now 'sun-dried' dried fish! "Kant? Pamo couldn't help but grumble.
Song Chen obviously didn't care about the other party's complaints, he held the wine glass with a smile, and said with a relaxed expression: "Trust me." Mr. Pame, if Internet companies were really 'sun-dried', you wouldn't be complaining to me about Baidu's valuation now! I don't have to struggle with my loved ones about meeting with the sudden influx of investors, but they seem to agree with me: the search engine show and the rise of digital advertising! β
was faintly stabbed by Song Chen, Kant? Pa Mo's face flushed, and he was about to refute, when a short, round-faced man in his thirties smiled: "Whether it's 'dried fish' is another matter, but being 'dried' by the general environment is certain, Mr. Son's SoftBank Company's market value has been steamed by more than 9o%, and the three major listed companies in the Chen Galaxy system can't escape the same fate, so it can be seen that the general environment is indeed not optimistic!" β
Song Chen glanced at him in surprise, picked up the wine glass and smiled and gestured, "You are?" β
The man smiled slightly, handed his hand to Song Chen and said, "Wesley? Banderas, formerly Dean? Stockbroker at Wittur Fund Company, who is now an investment manager at Morgan Stanley after the company's merger with Morgan Stanley! Speaking of which, we are the underwriters of Ctrip.com and Chenxing Network, and we are close partners with Chenxing! β
"Luckily!" Song Chen handed the wine glass to Zhai Yan, who was sitting beside him, held the other party's hand and shook it vigorously.
Wesley smiled and complimented, "Mr. Song is polite!" I think many of you here, whether you are gentlemen or celebrities, have wanted to know you for a long time, and I have been looking forward to it for a long time, and my colleagues praise you as one of the few geniuses who can see new technology trends, and I want to ask you for advice in person! β
The other party's strong compliment, Song Chen's face changed slightly, and he just smiled dryly: "This is really an unbearable praise, even if you praise me to the sky, it can't change the status quo of the Internet industry as a whole!" β
"It is an indisputable fact that the network industry has encountered a cold snap, and the technology giants Microsoft and Cisco are not having a good time, but in general, the scenery here is unique! Yes, Mr. Song! "Gerald who spoke? Belu, who attracted a lot of attention from the audience with his humor, coupled with his long figure and handsome facial features, has always been the object of admiration of those charming ladies.
Standing beside Song Chen, Zhai Yan, who was smiling and smiling, slowly said in English: "Is the scenery good or not, and the angle of the station is right!" I said to Mr. Schmidt and Mr. Freeman when receiving many investment institutions that it is not that we lack money for venture capital, but that it is difficult for venture capital to find a safe haven under the raging economic storm, and we are willing to open our minds to accept financial investors, but unlike what the media said, goog1e and Baidu are short of money because of the investment of the center! On the contrary, we have plenty of time and capital to wait for a better time to bring in financial investors! β
Song Chen shrugged his shoulders with his wine glass, and then took a small sip of the old Lafite red wine, letting the mellow and fragrant mellow and fragrant linger in the tip of his tongue! If it weren't for the wrong circumstances, he would even have to close his eyes and savor the taste of the hundreds of thousands of dollars in a bottle of sky-high wine - it was obviously out of place to put such an exaggerated expression of intoxication on this semi-formal banquet table! (To be continued......)
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