Chapter 15: The small treasury is out of money (Happy Dragon Boat Festival)
"Wordless?" Chen Bo saw the book she was holding in her hand and said, "This book is too depressing, it's hard to believe in love after reading too much, men and women shouldn't be opposites." β
"Well, she must have written it in anger to write such a heavy story, it's too wrenched." Gao Yuanyuan agreed.
"It's a different era, a little sunny, this is Sunnyvale." Chen Bo opened his arms and embraced the golden sunlight spilling from the sky, and said, "Don't you miss the taste of your hometown very much, I'll save your taste buds!" β
"Okay, the food here is too bad, and the taste of the Chinese restaurant is not right."
"Look at you, wait!"
Chen Bo rushed into the kitchen and once again performed his stunts, if she wanted to conquer someone, she must need to satisfy her taste buds. This is the instinct and nature of human existence, which cannot be changed.
"I want to cry when I eat, I feel so homesick." Gao Yuanyuan, who was holding the soup bowl, said with emotion.
"The SARS virus is still very serious, but it can be completely treated, so let's go back after a while. You don't have to worry about it at home, I sent someone to deliver some essential things. β
"Thank you for your sweetness."
"That's my family, too, and even though we haven't met yet, it's just as important to me as you are." Love the house and Wu is a reason, and this is also a kind of responsibility of men, after two people are together, it is no longer as simple as the two of them, and there is also their own life circle. A responsible man will arrange to take care of all this, which is also what Gao Yuanyuan appreciates about him, and the label of a caring and warm man can't run away.
But intimate and warm men are more likely to attract bees and butterflies, which she never imagined.
"By the way, I found a fun website, but my English is terrible, you can help me translate it later."
"Meaningless, wrap it up on me!" Chen Bo patted his chest and said.
In fact, the website that Gao Yuanyuan found is not much new, this website is called "Rotten Tomatoes Network", which mainly collects reports from film critics, and ranks all movies according to their freshness, and his domestic version is called "Douban"!
Sites like this include IMDB, a veteran netizen scoring system, but it was acquired by Amazon in '98 to divert traffic to their online DVD sales. Most of these websites are spontaneously created by movie fans, lack a profit model, and basically don't even want to deal with venture capital.
Under Chen Bo's explanation, Gao Yuanyuan watched it with relish, film critics have a certain film foundation relative to the general public, and there is no shortage of academics from professional classes in the United States, all film reviews are basically more pertinent, and the algorithm of Rotten Tomatoes freshness contains a lot of latitudes.
This made Chen Bo have a new idea, Amazon can use IMDB to make a fuss, and he can also get user traffic by increasing content services, and if he wants to highlight the encirclement, it is not enough to rely on email and instant messaging, but also need more content to fill and solve the user's viscosity.
The localization of playing in Japan also needs to be played in the United States, but it needs to be adjusted differently. The Japanese market needs you to explore and create, but in the U.S. market, where time is short, you need to expand through acquisitions.
The growth history of every large company is almost always accompanied by continuous business acquisitions to improve its own industrial chain.
Chen Bo's previous idea was to allow users to go directly to the search destination and provide more reasonable display opportunities for enterprises, but now it seems that the previous idea was a bit naΓ―ve, and only by firmly locking users and attracting your content can you get more users.
When he thought of this, Chen Bo couldn't help but kiss Gao Yuanyuan, and said excitedly: "Thank you for the inspiration you gave me!" β
"Huh? What the! She hadn't realized what that meant.
"Ha, say you're Wangfu!"
After Chen Bo finished speaking, he directly pulled her up, came to a princess hug, and walked straight to the bedroom!
In the company's conference room the next day, Chen Bo once again summoned the leaders of each project to sit together.
"We are new to the local market, and we have to integrate resources and build platform content. Acquire available resources, and select some high-quality and inexpensive websites that others can't pay attention to for acquisition. β
"Where's the money? There is not much money on the company's books. Williams complained.
"It's all a trivial matter, I'll solve it. Liu Qing will collect the information of Rotten Tomatoes and make an appointment to discuss it in detail. Other sites go to VC firms, and they must have a lot of assets in their hands for sale. β
The Internet bubble has prompted so many Internet companies to go bankrupt, and there are a lot of websites that are still struggling to survive, and venture capitalists of course want to get rid of them as soon as possible to recover some costs.
After arranging the work here, Chen Bo then drove to San Jose, as the seat of Santa Clara County, the city here is much larger than Sunnyvale, so the B&P Foundation is based here, which can radiate the entire Silicon Valley industrial belt.
When I came here, I also saw the radiant Li Zhaojun, probably because he returned to the child, but he was much more energetic than when he was in Pengcheng.
"Sister Jun, how do you feel when you come back?"
"It's a lot easier than when I was in investment banking."
"That's good, this is your business, I'm relieved to have you. Otherwise, you can take out the shares of Pangu and invest them in the foundation as a global partner, so that Pengcheng's affairs only need to be responsible for the responsibilities of the directors, and you don't always have to run on both sides. β
"Are you really willing to do it? Looks like I've made a lot of money! I really don't know if I don't come, this small fund that has developed slowly is very powerful now! Li Zhaojun said with a smile, B&P has not been established for a long time, although it only started with an original capital of 50 million US dollars, but it has grown like a snowball. While Chris's track record in the stock market is impressive, Jason has invested heavily in a number of promising companies, and has now supported three or four companies to successfully go public and make a lot of profits.
The most important thing is that you have a reputation, you don't have to go out to run projects, and there will be people begging you to invest. If there is a return on investment, it will attract more wealthy people to hand over their funds to you to operate, and then continue to invest and make profits.
"Without the trust in me at the beginning, there would be no me now, the grace of dripping water should be reciprocated, not to mention that we are still relatives now."
"Go, go, go! Wait until you get married, what kind of relatives are you now? Li Zhaojun didn't have a good breath and said, "I don't get involved in your affairs, I get angry when I think about it." β
"Yes, my bad!" Chen Bo responded cheekily.
At this moment, Depp, Chris, and Jason all walked into the room with smiles, and it seemed that the recent situation was not bad, so a small symposium was held.
The first issue is to formally absorb Li Zhaojun, as a partner of the fund, with 8.7% of the shares of Pangu Group as a capital injection, which is counted as 5% of the share capital in B&P, and the sporadic parts of others add up to only about 20% in total, and Chen Bo still controls 75% of the absolute power.
Join a capable beauty, they are naturally happy, in the partnership business organization, there is no so-called power grabbing, and everyone is more relaxed. Now, of course, there is a new division of labor, Chris is still in charge of securities investment, Jason is in charge of the company's venture capital department, and Depp is in charge of legal, administration, and public relations.
Li Zhaojun is responsible for helping the invested companies to go public, merger, financing and other work, and will often deal with investment banks and banks, which she has an inherent advantage. And this is the work to be done in the later stage of investment, and it also directly affects the final return.
With this division of labor, the management of the foundation must be more reasonable in order to create more value, after all, one Buffett cannot achieve the entire Berkshire Hathaway.
"I still need about 300 million yuan to complete some corporate acquisitions, is there a problem?"
This is the ultimate purpose of his trip, not to raise money. A penny is hard to beat a hero, there is no money to buy it, and no one in the continental United States knows his face.
"Well, there are only 30 million idle funds in the fund's account." Depp said at this time.
"What, 30 million?" Chen Bo was very surprised, and even a little angry, "How can a foundation with a net worth of 4.5 billion US dollars only have such a point?" β
"Don't worry," Li Zhaojun said at this time, "I know the accounts, net assets include the securities and company shares invested. At the beginning of the year, the World Financial Center just took away 200 million yuan as the initial start-up capital, and then you transferred another 200 million yuan to invest in Ant Search and Dingdong.com, which are real cash expenditures, and 160 million yuan for three aircraft order payments, how much do you calculate? β
"Can I spend so much money?" Chen Bo said in disbelief.
"Not only that, DreamWorks invested $400 million, with an additional $200 million. invested $100 million in Marvel Studios, but the copyrights such as Spider-Man were $100 million. Acquisition of Summit Entertainment and investment in Good Machine, as well as investment in the crews of Spy Shadow and Hero. By the way, there is also the land of the 798 Art District, which is also close to 100 million. β
Li Zhaojun has not been here for too long, but he has almost opened up his old bottom, and all this is calculated to be close to 1.7 billion US dollars invested by himself. The co-authoring of more than 10 billion yuan is gone, but fortunately, there are no loss-making transactions in these investments, they are all promising, and they have made a net profit of 3 billion Hong Kong dollars in Hong Kong stocks.
"Most of the funds are now heavily invested in pharmaceutical stocks, which have been soaring due to the SARS epidemic, and the return is about 60%." Chris said.
"This wave of the market is almost over, and now the epidemic has been basically controlled."
"But I'm already planning to take a heavy position in oil futures, and now that the aircraft carrier group has been assembled in the Red Sea, the war on terror is imperative. Two years ago, the minimum of oil was $4 a barrel, and it broke through $30 a year ago, and the fourth oil crisis is likely to occur, and I judge that it will definitely break through $100 a barrel in two years! β
Chris's donkey temper has come up again, and it is difficult to pull back the things he recognizes, but he is indeed very professional in the securities market, and Chen Bo is still very convinced.