Chapter 1: The Cohan Family
San Francisco, also known as San Francisco, is a port city on the Pacific coast of California, USA, and the fourth largest city in California (population). It was discovered by the Spaniards in 1769 and joined the U.S. Commonwealth in 1848. In the middle of the 19th century, San Francisco developed rapidly during the gold rush, and the overseas Chinese called it "Gold Mountain", and later changed its name to "San Francisco" for Melbourne, a new "Gold Mountain" different from Australia. The name San Francisco is a literal translation of the first two syllables of the city's English name, "SanFran", and is a common translation of the name of the Cantonese community living in the city.
This is an introduction to San Francisco on Baidu Encyclopedia, and for Richard Cohan, who spends most of the year in San Francisco, his understanding of San Francisco is not just on the surface, San Francisco is one of the largest Chinese settlements in the United States, second only to New York, in San Francisco, the Chinese population accounts for 1/4 of the city, of which Guangdong expatriates are the majority.
Richard's deceased mother was a Cantonese, but Richard's father was an American with white skin and blue eyes, so Richard was a mixed-race man, he had a mixed-race delicate face, and yellow skin had a pair of blue eyes.
However, in this body, there is a pure Chinese soul that can no longer be pure! Originally, the soul in this body was a capitalist youth with typical American thoughts, but because of an accident, the soul of a good socialist youth from 2015 appeared in this body.
It was the summer of 1997, and Richard in 2015 appeared in this body, which was three years later.
The Cohan family is a huge capital family in San Francisco, the old Cohan is Richard Cohan's grandfather, is one of the pioneers of the American cable TV industry, and Richard's father, the old Cohan Chris Cohan, single-handedly created the largest independently owned cable TV interface in the United States, the Cohan family has always relied on the cable TV industry, but after entering the 21st century, the popularity of the real estate industry has also added a huge industry to the Cohan family - the real estate industry.
In general, the Cohan family is a very wealthy capital family in San Francisco, which is also reflected in the fact that the Cohan family has mastered the pride of the Golden State, the Golden State Warriors!
As a crazy die-hard basketball fan, Richard is very concerned about the Warriors team, and always wants to take over the control of this team from his father.
However, Richard's status in the Cohan family is not high, because Chris Cohan has had three marriages before and after, and Richard is only the son of the old Cohan in the middle of the marriage, if it is said that he is loved and valued by the old Cohan, then Richard will be the least valued.
Ding Buxing, counting Richard, Chris Cohan has only three sons, Richard has an older brother named Ben Han, and a younger brother named Dick Cohan below, all three of whom are half-brothers.
However, his two brothers have no interest in the Warriors basketball club. As typical Americans, Richard's two brothers preferred football, ice hockey and baseball, which are more popular in the United States than basketball.
So in the future, Richard still has a good chance of taking control of the Warriors.
In winter, it was cold and windy in San Francisco, and Richard dragged his suitcase out of San Francisco International Airport, until then he had been in China, busy with his own business, but a phone call from the elder Cohan called Richard back, and he had to buy the fastest plane ticket to fly back from Beijing.
Cohan Sr.'s residence in San Francisco, located in a wealthy neighborhood on the outskirts of San Francisco, was full of mansions, and Richard took a taxi directly to the door of the mansion.
Pushing the door in, the maid of the house handed Richard slippers, and in the living room, Richard's two brothers were already sitting there waiting for the arrival of old Cohan and Richard, Richard's two brothers, the eldest brother Ben Cohan, was a year older than Richard, 27 years old, and the younger brother, Dick Cohan, three years younger than Richard, was 23 years old this year.
"Hey, Richard, you're late!" Dick watched Richard enter the door unhurriedly, smiling narrowly, while Benko just glanced at Richard and continued to hold the phone in his hand, not knowing what he was studying.
"Oh, I'm sorry, I was in China before, and the plane was late." In the face of Dick's joking questioning, Richard still gave an explanation.
"In China? Still busy with your venture capital business? At this time, the undergraduate man interjected, but as soon as he opened his mouth, Richard knew that this big brother was going to laugh at his venture capital career again.
"Hey, if you want me to say, Richard, don't do that venture capital company, you can't make money, Dad took 30 million to you, you don't have to pay it all, you can't afford to pay it back then!"
Sure enough, the next words of the undergraduate made Richard quite speechless, and he couldn't make money? Richard could only sneer in his heart, indeed, the venture capital that Richard did now can't make much money, but in a few years, the income from his several investments will definitely make Benko Han swallow a few eggs on the spot in surprise!
After coming to this world for three years, Richard borrowed 30 million from his father Chris Cohan, and then relied on the influence of the Cohan family to raise a total of more than 50 million venture capital funds in San Francisco, and then, using his little knowledge of the future IT industry, began to invest.
In his previous life, Richard was just a crazy basketball fan, he knew everything about basketball, but Richard only heard about things other than basketball, so he only had the impression of Google, Apple, Yahoo, Microsoft, Facebook, and other American IT companies in his mind, but Richard still knew about the popularity of the IT industry in the future.
Richard knew that at the beginning of the 21st century, the capital world was still the world of real estate, but in 04-05, the first wave of the IT industry let the world understand the potential and future of this industry......
Therefore, Richard also knows very well that the IT industry, which does not look very good now, will develop by leaps and bounds in the next few years, and if he wants to make a big profit steadily, it is obviously the best choice to invest in the IT industry with the venture capital in his hand.
So, in 1997, with $50 million in hand, Richard found Google founders Larry Page and Sergey Brin at Stanford University, not far from home, and then invested a sum of $3 million in the development project of Google's search engine that had just begun, and directly became one of the founders of Google, and also became Google's major shareholder with the funds in hand.
Then, Richard continued to be active in San Francisco, and in 1998, he went to Silicon Valley near San Francisco to participate in the founding ceremony of Google, and found another celebrity in Silicon Valley, Li Yanhong, the founder of Baidu, was only a small employee in Silicon Valley at this time, but at that time, Li Yanhong was already seeking venture capital funds and hoped to return to China to start his own business.
So, the second investment of Richard Ventures, $1.2 million, went into Li Yanhong's account, and a year later, Richard added another $10 million!
At the same time, the discovery of Li Yanhong, so that Richard, who no longer knew who to invest in at that time, found a new direction, he did not understand the IT industry in the United States, but he still understood China after all, after all, he was a pure Chinese in his previous life, so Richard flew directly to China, Teng-Xun, So-Hu, A-Li-Ba-Ba...... These well-known Internet companies in later generations of China have accepted Richard's investment one by one!
However, because the venture capital industry has a long cycle of recovering capital, so up to now, Richard has not made much money, but in July this year, Sohu's listing on the NASDAQ allowed Richard to get the first return of funds, a dividend of nearly 100 million US dollars! This large sum of money made Richard more and more confident about the future.
It's just that this newly recovered fund has been invested by Richard in several other undertakings, and Richard's eldest brother didn't think that Richard's venture capital business was very profitable, otherwise if Richard knew that just a Sohu listing on the NASDAQ had made Richard recover nearly 100 million capital, which had increased several times compared to the investment of the year, then Richard would feel how stupid he had just said.
Richard will not explain anything, in this life, all he has to do is to make a fortune quietly, some time ago, he found Mark Zuckerberg at Harvard University, and the research and development of Facebook has also started under Richard's investment, Richard believes that if he continues to invest like this, even Bill Gates will not be richer than himself!
If you really want an NBA team, it's enough to buy one yourself!