"Got a result?" Su Yu turned around and saw the look on Liang Bin's face, and also showed an obviously happy expression.

Liang Bin nodded, said: "We have been carefully investigated on the spot several times, as well as with the chairman of the 'Will Semiconductor' Yu total number of exchanges, the preliminary investment intention, according to Mr. Yu's opinion, they decided to increase investment in CMOS, while deepening the development of mobile electronics, vehicle electronics, security, network communications in the field of product development, to our institutions to raise 260 million, to further promote these projects." ”

As he spoke, Liang Bin handed the preliminary investment intention document in his hand to Su Yu.

Then continued: "According to the results of several on-site investigations, as well as the communication between our investment team and Mr. Yu, in the domestic semiconductor field, this 'Weir Semiconductor' still has potential, and from the conversation of Mr. Yu, his ambition is not small, and he is a relatively enterprising entrepreneur." ”

"From the perspective of the competition pattern of the domestic semiconductor industry......"

"Now Weir Semiconductor, in some subdivided small fields, has mastered some first-mover technical advantages, if the follow-up can maintain this technological first-mover advantage, the product business expansion, then for the company's future development, can still be clearly expected."

"And they are also deeply engaged in the chip design business."

"Listening to Mr. Yu's introduction, they currently have close cooperative relations with several research institutes in the magic capital, as well as a number of IC research institutes in China."

Su Yu bowed slightly, opened the proposed investment intention agreement in his hand, looked at it roughly, and said: "260 million investment, 15% of the shares, this valuation, 70% more expensive than the A round of financing of Weill Semiconductor, this condition ...... Can you talk a little bit more? ”

According to Su Yu's understanding of this company.

The market valuation of nearly 2 billion is slightly beyond his expectations.

Liang Bin pondered for a moment and responded: "According to the operating data of Weir Semiconductor in the past two years, the rapid growth is obvious, and after the A round of financing, Weir Semiconductor has entered the field of vision of many well-known domestic investment institutions. ”

"But on some soft standards, it's still negotiable."

"For example, the commitment of investment returns in the next few years, the necessary reasonable exit mechanism, and so on."

"Of course, if Mr. Su feels that this valuation level is indeed significantly higher than our previous expectations, we can also talk to Mr. Yu again and try to strive for better investment conditions."

"Take a moment and make an appointment with this Mr. Yu." Su Yu thought for a while and said, "If you have sincerity, then let's talk to each other in person." ”

As he spoke, Su Yu closed the letter of intent for investment, and then handed it back to Liang Bin.

Liang Bin nodded, took the letter of intent for investment, and said, "It just so happens that Mr. Yu also wants to make an appointment with Mr. Su, or ...... How about this weekend? I'll arrange it. ”

"Yes, you can!" Su Yu bowed slightly, "You sort out our intentions again." ”

"Mr. Su thinks that in terms of hard conditions, how to compress?" Liang Bin paused and asked again.

Su Yu thought for a while and responded: "In terms of the amount of financing, if Mr. Yu needs it, it can be relaxed to 300 million, but the proportion of direct shares invested must be at least about 18%. ”

"The ultimate goal of investment is a win-win situation."

"We must find a degree in this, which can not only maximize the interests of our company, but also make the other party accept and be willing to accept our investment funds."

"Okay." Liang Bin responded, "Then I'll let people change it again." ”

After speaking, Liang Bin withdrew from the fund trading room, and prepared to convene the employees of the company's venture capital department before getting off work, and then hold a short meeting, synthesize Su Yu's opinions, revise some of the terms in the investment letter of intent, and then work with the company's legal department to formulate the final investment letter of intent.

"Our company...... Are you really sure to invest in the 'Weir Semiconductor' project? After Liang Bin left, Li Meng couldn't help but ask.

Su Yu nodded and responded: "If we can win this project in terms of investment conditions, it is naturally beneficial to us, after all, in the 'era of intelligent electronics', semiconductors are definitely the top priority of the entire intelligent electronic equipment manufacturing industry in the future, and the development potential is still very broad." ”

"It is said that the semiconductor industry is a 'winner-takes-all' industry." Li Meng said, "China's semiconductor industry, in fact, started quite late, whether it is against Japan and South Korea, or the Western world, the gap is quite obvious, and now is the era of the global economy, the industrial chain is getting closer and closer, although the entire semiconductor industry, in the era of 'intelligent terminal explosion', the prospects have become broad again, but in the face of technical suppression and cost advantages, domestic semiconductor companies are simply not enough for the major international leaders to fight, and in the technical disadvantage, scale disadvantage, cost disadvantage, Even if you continue to burn money to accumulate technology, you can't successfully open up the market! ”

"It seems that there is a broad market development space, but in fact, internally, it has little to do with domestic semiconductor companies at all."

Li Meng paused and continued: "This industry, which pays great attention to technology accumulation and cost advantages, even if it is the second in the industry, there is basically no way to live, let alone these domestic semiconductor companies? The external market can not go out, the domestic market is also difficult to open the situation, Weir Semiconductor has been established for many years, in addition to the accumulation of technology, there are certain achievements, but it has been in the stage of continuous burning of money, and it has always been unable to achieve profitability, and even the hope of profitability can not be seen! ”

"I'm worried that this company will die before it grows to the point where its products are mature."

"If we are going to 'tell stories', we can speculate in the domestic investment market for the increasingly hot situation of the semiconductor industry, but if we are running for long-term investment and want to make money for business growth, then I think ...... I'm afraid we need to be more cautious. ”

Su Yu heard Li Meng's opinion, and said with a smile: "Don't worry about winning, think about defeat first, you have always been good at this point, what you just said, it is indeed the risk of investment, but the global economic integration, the industrial chain is closely connected, it is better to buy and other realistic reactions, in the future...... It doesn't have to be set in stone. ”

"It is true that the domestic semiconductor industry has developed late and its technology accumulation is weak."

"It's just that the semiconductor industry is another winner-takes-all industry."

"But the weaker, the later the development, the more room for growth, the road of 'domestic substitution', the future must be taken, we are at the right time, lay down a chess piece that has little impact on the current development of our company, I think if the cost of intervention is appropriate, win this project, compare the future investment risks and returns, it is still worth it."

"Science and technology investment projects are inherently high-risk and high-return."

Su Yu smiled lightly and continued: "Now the investment project within 300 million funds, even if the investment fails, it will not shake the foundation of our company, so for this kind of project, there is no big problem with cautious research and bold investment." ”

"Okay!" Li Meng saw that Su Yu insisted, and his risk reminder was already in place, so he stopped mentioning this topic.

Immediately afterwards, Su Yu looked at the time, and saw that it was time to get off work, and couldn't help but look around at the employees in the entire trading room, and said: "Today is the day of the successful issuance of our company's 'Yuhang No. 3' fund, and it is also an important day for our company. ”

After speaking, in everyone's excitement and excitement.

Su Yu asked the office secretary to inform all departments of the company of the same news, and at the same time asked the administration department to book a hotel for dinner.

So, 7 p.m.

Under Su Yu's hospitality, nearly 200 people from the entire 'Yuhang Investment' company gathered in the banquet hall of the company's agreement cooperation hotel, Crown Hotel.

"Mr. Su, congratulations!" During the company's dinner, including Qian Yuanbao, the owner of the Crown Hotel, a number of senior investors also came, and everyone toasted to Su Yu during the banquet, the first to get closer to the relationship, and the second to thank Su Yu from the bottom of his heart for making a lot of money for them, "I hope that the future 'Yuhang No. 3' fund can also become a legendary product in the domestic asset management industry, and everyone can also make a lot of money." ”

"With Mr. Su personally in charge, the future domestic asset management legend fund products, there must be a place for the 'Yuhang No. 3' product, needless to say?"

"Mr. Su, I took a plane from the United States and rushed back overnight to support, next time Mr. Su has a new product released, then I must remember my brother, don't say much...... Each one supports 10 million, and that's no problem. ”

"Lao Xu, you want to support 10 million for each product, how can there be such a good thing?"

"It's just that I finally grabbed a share of 3 million today."

"Hey, it's still always comfortable with money, holding a large share of three products, sitting on the ground and collecting money, it's really enviable!"

"Haha......" Qian Yuanbao, who was touted by everyone, had a bald head, a fat face and a smile like a Maitreya Buddha, and said with a laugh, "This is still the credit of Mr. Su, it has nothing to do with me, but ...... Mr. Su, ......"

Qian Yuanbao looked at Mr. Su seriously, paused, and continued: "Everyone else is eager to pull a customer, that is, I can't wait to squeeze every investor's wallet out when subscribing for products, but Mr. Su, why do you want to limit the investment amount, are you afraid that the brothers will have no money in their hands?" If you want me to say...... For the next product, you can directly release the subscription limit, and I guarantee that the brothers here, each of whom can subscribe for a starting amount of 100 million. ”

"Hehe, Mr. Qian, this is what Mr. Su admires and trusts everyone the most."

"Everyone knows that the larger the scale of the fund product, the more difficult it is to grow the performance, and Mr. Su should be controlling the scale and ensuring the performance, right? If you want me to say, the upper limit of the subscription scale is set at 10 million, which is also for the good of everyone. ”

"I believe in Mr. Su's ability, even if it is a 50 billion-level large fund product, I believe that Mr. Su will not disappoint everyone."

"I wonder if Mr. Su has the idea of turning into a public fund in the future?"

"In fact, the subscription limit of 10 million is enough for me."

"Haha...... Mr. Su issued the 'Yuhang No. 3' product at this time, is it to judge that the market will have a relatively large market in the future? ”

"Lao Feng, are you here to find out the news?"

"What kind of news to explore, how can it be safe to hand over the money to Mr. Su for operation by speculating in stocks by yourself? Since Mr. Su helps everyone manage their finances, why should I work hard? ”

"That's right, in my heart, Mr. Su is the God of Wealth."

"It's not me bragging, in the domestic financial industry, there are basically only a handful of people who can compare with Mr. Su, right?"

"What do you mean by a handful? It's simply unique. ”

"Yes, yes, unique, Mr. Su is simply our domestic 'Buffett', the name of the stock god, naturally it is also deserved."

"I don't know if Mr. Su accepts a single commission? I can make up 200 million funds in my hand, and I want to ask Mr. Su to list a separate fund product, I don't know if it can be done? Of course...... If Mr. Su is willing to accept the entrustment, I can give in to the distribution of excess profits, and I have no opinion on the sharing of thirty-seven. ”

"Damn, old Joe, you think so beautifully."

"Mr. Su is really willing to accept a single commission, I will make up 300 million, what is it...... I didn't do business anymore, and I followed Mr. Su in the future. ”

"Ladies and ......gentlemen," Su Yu saw the senior investors of the company who were quite excited, coughed lightly, and said, "The company does not accept any single entrusted financial plan, which I hope you understand, in fact, in my opinion, whether it is business or investment, after all, we still have to pay attention to a win-win strategy, I have brought you good returns, but in the same way, 'Yuhang Investment' can go so far, can have a place in the domestic asset management industry, which is also inseparable from the support of investors and friends to us." ”

"In my opinion......"

"We are not only partners, but also friends in the same boat."

To be honest, he didn't expect Qian Yuanbao to come tonight with so many senior investors and friends of the company, and he didn't expect everyone to admire and trust him so much.

Of course, this also shows that the entrepreneurial road he chose has achieved preliminary results.

The community of interests and circles of interests extended by the company's fund products, as well as the network of contacts involved, have also been initially formed.

In the future, it is only necessary to follow the steps step by step, and there will be no extreme risk of fund performance cliffs.

Then, the company's subsequent growth path, as well as the various resources that can be used, will be easier than now.

"Haha, Mr. Su is polite." Qian Yuanbao laughed and said first, "Although everyone is a friend, Mr. Su is indeed the 'God of Wealth' in everyone's hearts, anyway, I have been trading stocks for so many years, and I have known many people in the domestic financial circle, and I have never seen Mr. Su so powerful." ”

Originally, after investing in the 'Yuhang No. 1' fund and obtaining a tenfold level of excess returns.

Qian Yuanbao believes that after Su Yu's fund scale exceeds 10 billion, it may be difficult to make more than double performance at every turn, however, ...... The facts always exceeded his expectations and imagination, which made his heart shake greatly, and at the same time, he really recognized Su Yu's talent in financial investment, and wanted to further draw in the relationship with Su Yu.

After all, it is difficult for his business model to be laid across the country, and it is difficult to make breakthroughs again.

Relying on Su Yu, the 'God of Wealth', he constantly invests funds in the fund products led by Su Yu, but the ceiling of his wealth appreciation is simply invisible, which makes him full of hope in his heart, and at the same time, he has infinite expectations for the future and Su Yu.