IDG Capital is one of the first private equity investment funds to enter the China market, raising funds through non-public offerings, mainly investing in scientific and technological innovation enterprises. After entering the Chinese market in 92, it has invested in four or five hundred companies, and nearly 100 companies have been successfully listed. Baidu alone brought a huge profit of $100 million to IDG.

Its parent company is International Data Group, and IDG Capital is also one of the top 10 venture capital institutions in the world, with a stable but not conservative investment style, and is accustomed to angel rounds and early lead investments. In the early days of the Internet and Carlyle Capital, SoftBank Huaxia basically accounted for more than half of the venture capital market.

This is definitely a big bull in the venture capital circle, but it is still in the stage of extensive cultivation and thin income, but I don't know which investment partner will come this time.

"Who?"

"Guess?"

"Do you guess me?"

"Don't be stinking poor, you won't know then. But shouldn't you treat me to a hearty lunch first? ”

Li Zhaojun deliberately kept the mystery and never said it, Chen Bo, who was making trouble, was itching in his heart and looking forward to it.

After a good lunch at noon, Chen Bo once again acted as a special driver and came to an antique teahouse.

With the guidance of the waiter, Chen Bo had already seen the two middle-aged men waiting there and chatting from a distance. There is one who is relatively easy to recognize, slightly fat, with a big head, and wears glasses. Isn't that the princely power of "one of the six gentlemen of Wantong".

One of the six founders of Vantone Group, the chairman of the board of directors, found the first pot of gold in the early 90s when Hainan real estate was booming. After 95 years, he stepped down as chairman of the board of directors and served as an honorary director, and then moved to the venture capital field and became a partner of IDG. And although Lao Wang is a native of the Northeast, he is a rare person with a delicate heart, a temperament, and a kind of romanticism of the literati in his bones.

The other one looked familiar, a little baby-faced, and couldn't really figure out who it was for a while.

Chen Bo whispered to Li Zhaojun next to him, "Do you see if Wang Gongquan is very similar to Pan Shiyi, he has a big face, a thick neck, black-framed glasses, and thin hair." ”

Li Zhaojun couldn't help but smile and glanced at him, "Don't be stinky and poor, they are also seniors in the business world." ”

Chen Bo stuck out his tongue and stopped making a sound. Just kidding, why take it seriously. After a brief self-introduction after the meeting, the identity of another baby-faced middle-aged man also emerged. Xiong Xiaoge, President of IDG Group Asia and Founder of IDG Capital.

This is a big Buddha in the venture capital industry, born in the 50s, he is definitely Chen Bo's father-level figure, in the 80s, he went to the United States with only 40 US dollars and obtained a master's degree from Boston University in 8 months, engaged in journalist and publishing business in the United States, and came to the Chinese market with 10 million US dollars from IDG Group in 92 to establish IDG Capital.

At that time, the per capita salary was only 120 yuan, all of which were iron rice bowls of state-owned enterprises, and you said that you had 10 million US dollars, and when you talked about entrepreneurship and venture capital with them, you were not looking for being deceived. It wasn't until the wave of the Internet came that it began to improve, and I really paid a lot of tuition.

Chen Bo still has a more respectful attitude to talk to them, and the two of them still have a clear understanding of the Internet industry, otherwise it would be impossible to invest in so many Internet companies.

Li Zhaojun sat quietly on the side, sipping a cup of tea, as if he were a spectator. Watching the two old and young people discussing the future development of the Internet, although it is the cold winter of the Internet, in the eyes of venture capital, there are also huge opportunities. If it's all going well, why do you still look for venture capital, just go to the bank.

After some temptation, Chen Bo put forward his inner question: "As far as I know, IDG invests in angel rounds more. I don't know why I pay more attention to Skynet this time? ”

Instead of grinding your teeth with them, it is better to draw a line and find out each other's routines.

"IDG focuses on startups with great potential in the early stage, and does not necessarily only invest in the first round. Earlier this month, we closed the second round of funding for a search company. ”

The first to speak out was Wang Gongquan, Chen Bo's impression of him has always been very good, he is a man with a true temperament, and he will not be too tired to associate with him. Xiong Xiaoge is too shrewd, Chen Bo must always be careful with twelve points to be tough.

"Yanjing's Baidu?" If it is said that IDG also led the second round of bidding, it must be Baidu, but Baidu is now only an enterprise service for the search engine on the site for major websites. Haven't started a search business on the Internet yet.

"yes, it seems that you know about this company as well."

"It's all peers, and there's some concern."

"Now the Internet concept stocks of the NASDAQ in the United States have hit the bottom, and the current investors are avoiding it. You can feel it, but we at IDG are very interested in the business philosophy and model of Skynet. We at IDG Capital also want to add firewood to Skynet in the cold winter of the Internet. Xiong Xiaoge said at this time!

Chen Bo said coldly, "Both of them are my predecessors in the business world, but I want to say so. But it's not right, in the case that others are not optimistic about the Internet, Sky.com has basically achieved profitability. This is not a charcoal in the snow, to put it mildly, I think it is about the same to rob while the fire is burning. ”

Chen Bo thought to himself, if you want to knock on the mountain and shake the tiger, I am not a vegetarian. If you want equity, you have to lower the price, how can there be such a good thing. Isn't that?

The two of them laughed and said, "Although it is profitable at present, it is relatively accidental." Although there is a sky-high cooperation fee for Pepsi, it can make Skynet profitable. But the power of online advertising is limited after all, and in my opinion, Skynet does not have a fixed profit model. ”

The bear pigeon gets to the point of the problem. Yes, you do have some profits. But this sky-high contract can't make you lie down for a lifetime, so that every month, every quarter has a stable profit point is the first thing.

This is also a problem that Chen Bo has considered recently, and it is the biggest problem faced by many Internet people.

"Okay, let's just say it bluntly, I want to know how much money and resources IDG can bring to Skynet to help Skynet develop."

"$1 million, 10 percent of the shares. Or a 5% equity swap for Ctrip.com. IDG will assist Skynet in product planning, internal resource integration and financial planning. I think these are what you desperately need! ”

1 million US dollars, more than 8 million yuan, this is really a lion's mouth. Ctrip.com's 5% may be very good in the future, but now I want it to be useless, it is not good for Sky.com, and it is still 1-for-2, obviously Sky.com needs more cash support.

Chen Bo then feigned anger and said, "I respect the two of you as seniors, but your practice is completely naked robbery and robbership." Then he snorted coldly, "As far as I know, your IDG invested $5 million in Huaxia Learning Network and $1.5 million in Baidu, and it only accounted for 5% of the shares. Could it be that in your eyes, these unprofitable companies are worth more than a profitable Skynet?"

"There is no comparison between the two companies, and that's what we looked into. Baidu and Xue.com are both technology-based companies, and Sky.com is mainly content provider. ”

"Baidu is a technology-based company, and I recognize it. Is LearningNet also a technology company? ”

"We are very optimistic about the platform and prospects of the learning network."

"But the future of the entertainment industry is going to be bigger, and I believe my team will be the best team in the future." Chen Bo is not ready to entangle with them too much, "Business is not benevolent, thank you for the hospitality of the two seniors today." Wait for IDG to show full sincerity. Let's move on! ”

Immediately afterwards, he left the table with Li Zhaojun, without giving the two of them a chance to speak again.

Wang Gongquan was a little embarrassed, he was very optimistic about this project, so he pulled Xiong Xiaoge together. A little embarrassed, he said to him, "Look at this whole thing." ”

Xiong Xiaoge smiled, "Hehe, the little guy is shrewd." Didn't he close the door to us to cooperate? Young people, you have to sharpen your spirit. ”

Chen Bo walked out of the teahouse with Li Zhaojun in a huff, and got into the car directly, Li Zhaojun smiled and said, "Don't act, show someone with a strained face." ”

"You can see that? Then I just didn't have this acting skills quite a failure. ”

"They've been hanging out in malls for years, and you think they're stupid."

Chen Bo smiled and said, "I can't hide anything from you, but you are also a shareholder of the company." If IDG comes in, your stake will also be diluted. Don't you have anything to say? ”

"IDG has the resources that I don't have, and Goldman Sachs is too conservative right now, otherwise I would have had enough resources. Only by constantly adding bricks and tiles to the sky net will this small ship become an aircraft carrier. It seems that the shares have been diluted, but the market value has also been enlarged. ”

"The hero sees the same thing, but IDG's bid is clearly insincere. Let's hang him for a few days, Skynet is not short of money now, and I'm not in a hurry. ”

"Next time, you can just talk, if there are any procedures that need to be done, Manager Zhao can come forward to do it. I'm going to fly away again in the evening, and the next time I see each other I won't be an employee of Goldman Sachs anymore. ”

"In such a hurry? The future of Skynet needs you even more, and I will leave you a place. In fact, what Chen Bo wanted to say more was that I also needed you, but when the words came to his lips, he swallowed them back.

wanted to send her to the airport, but Li Zhaojun insisted on refusing. Chen Bo had no choice but to send her home first, and then back to Sky.com.

As soon as he arrived at the company, Chen Bo walked up to Guan Xin with a straight face, and said with a serious expression, "Come to the conference room." "Since the establishment of Sky.com, there has never been an independent CEO's office, and if there is anything that needs to be avoided in public, I will come to the small conference room.

As soon as Guan Xin sat down, Chen Bo said solemnly, "I officially inform you, Comrade Guan Xin." You were removed from office? ”

Well? Guan Xin had an innocent expression, "What's wrong with me?" Did you forget to take your medicine today? ”

Chen Bo: ............