In the second half of July, the market index also stood above 3,000 points, and the market was almost over.

Fang Hong is also pinching the dots and calculating, compared with the investment scale of Qunxing Capital in the A-share market, the billions of dollars in his own account are considered small money.

At present, Qunxing Capital has two major investments in the A-share market, the first of which was opened when the market was more than 1,600 points last year, with a total of 20 billion funds entering the market, and as of today, it has created a floating profit of +237% and an absolute profit of 47.5 billion yuan.

Another fund is the funds of coal boss Li Yongzhi and Peng Rui Capital Xiao Quan, a total of 24 billion yuan entered the market at the end of May, and as of today, there is also a floating profit of about +36%, with an absolute profit of 8.65 billion yuan.

At present, the total market value of Qunxing Capital's positions in the A-share market is no more, no less, just breaking through the 100 billion yuan mark, removing all leveraged funds and capital costs, and the net value is 57.5 billion yuan.

When the funds are withdrawn from the A-share market, the funds cashed out from the secondary market can be deployed in the physical and primary markets.

However, the market has not yet ended, and it is still in the process of asset price appreciation, and it can continue to be high for a month.

After this month, the future A-share market, like the first half of this year, will not be the days of lying down to make money, and can only wait for the epic round of leveraged bull market super market in 2015.

……

On Saturday morning, Meditation Villa.

Qin Feng, the founder of Xingyu Technology, came here to visit today, he came to meet, Fang Hong didn't have to think about it to know that Xingyu Technology had spent most of its money.

The last time Qin Feng's company raised 35 million, more than three months have passed now, which is exactly in line with Fang Hong's estimated time.

Villa living room.

Fang Hong, Qin Feng and another young man sat here, this young man in his twenties was brought by Qin Feng, his name was Hou Junda, according to Qin Feng's introduction, it was his friend.

Fang Hong temporarily skipped Hou Junda's matter, and said straight to the point, "Say, how much money are you going to ask for this time?"

Qin Feng said succinctly: "Financing 300 million yuan!"

Hearing this, Fang Hong nodded to himself and pondered for a moment, then looked at Qin Feng and said, "Then estimate your company at fifteen billion, how about it?"

Qin Feng nodded and said, "No problem."

Hou Junda, who was sitting on the side, was also confused for a while, this is a financing involving hundreds of millions, isn't it too straightforward?

One really dares to ask, one really dares to give!

Hou Junda also knows a little bit of information about his friend Qin Feng's Xingyu Technology, this company currently has more than 200 people, in a sense, there is nothing but these 200 people, and 200 people are worth 1.5 billion?

That's right!

Fang Hong is looking at people!

This financing is the A round of financing, which is still the exclusive investment of Qunxing Capital, with a valuation of 1.5 billion yuan and a financing of 300 million yuan, that is, the transfer of 20% of the equity, plus the previous angel round of financing, then the equity ratio of Qunxing Capital will rise to 44% of Xingyu Technology, becoming the company's largest shareholder.

Fang Hong said in an orderly manner: "Go find Mr. Hua of Qunxing Capital, and I'll say hello to him when I turn around."

Hou Junda was stunned again, is this the end of the conversation?

Boy!

That's an astronomical amount of 300 million, and it took less than a minute to make a decision.

Hou Junda called a good guy in his heart, which was completely different from what he imagined.

It's incredible.

After a while, Qin Feng glanced at his friend Hou Junda, and then looked at Fang Hongdao, "Brother Fang, this friend of mine is also planning to start a business and has a project at hand, so ......

At this time, Hou Junda also wanted to speak, he was actually five or six years older than Fang Hong's age, but at this time he was also a little nervous, because Fang Hong's gestures and words were full of old aura.

It's not about age.

Fang Hong couldn't help but laugh when he heard this, "Since you are a friend, it must be also

It's not an ordinary person."

When Hou Junda heard this, he immediately said modestly: "Fang Xian is too famous, the gap between me and Qin Feng is still quite big, and his ability is much more powerful than mine."

Fang Hong smiled leisurely, and then said, "Money is not a problem to invest in your project, but I will ask you a question, what do you think are the key points that a startup company needs to have?"

Qin Feng on the side was silent, the investor's father has already introduced you, as for whether you can impress the man in front of you, you can only rely on your own performance later.

After a while, Hou Junda thought about it, for Fang Hong's question, it was too broad, it was easy to answer, but it was not easy to answer.

At the end, Hou Junda began to say after organizing the language: "I have studied the success history of Ahribaba, and found that there are three key points: first, there must be a very large target market; the second is to find a group of super reliable people to work with you; The third is to have a sum of money that can never be spent compared to peers."

As soon as the words ended, Hou Junda added: "Especially for the third point, capital is very important for a start-up, if you are always short of money, it is difficult to build the company, when you have a never-ending amount of money, you will have the courage and courage to try something new."

After speaking, Hou Junda didn't say anything more to show that he had finished answering.

Fang Hong nodded thoughtfully, and after a while, he looked at Hou Junda and said, "Okay, you go to Qunxing Capital with Qin Feng, in the angel round financing stage, I will invest 5 million in you."

What is angel round investment? I just don't know if your project can be successful, I can't judge, and I am ready to go away if I decide to invest this money, so it is called angel investment, but if the project is completed, then this investment can win hemp, and the future return will be tens of hundreds or even hundreds of times.

As soon as these words came out, Hou Junda was stunned, and hurriedly said, "Mr. Fang, you just invested money without asking me what I did? This ......."

Are people in the VC circle so easy to talk to?

"Hehe......" Fang Hong smiled, and said lightly: "Angel round financing, it's just a few blind investments, whether the project can be completed is unknown, the investment is an idea, and the idea is a person's idea, so in the final analysis, the angel round investment looks at the person is not your project, since you are Qin Feng's friend, the so-called things gather people in groups, I believe that his friends will not be far behind, and the relationship between you and Qin Feng's friend is worth my risk of investing 5 million in you."

Hou Junda was speechless when he heard this, and his investment father threw money without asking what project, but as an entrepreneur, he still had to say it, and immediately said: "The project I did was an online streaming video website, and the website has been built, and the Chinese name is "Hummingbird Video"."

Well?

Online video sites?

Fang Hong, who was originally relaxed, flashed a flash of surprise, and suddenly said, "Spread out."

The branch of the video website is the key layout area of Qunxing Capital, Yixing Video has begun to prepare, and now the chess of online video copyright has also fallen, if Hou Junda's hummingbird video is invested, the business can overlap, which is a typical waste of resources.

Hou Junda was also stunned for a moment, and immediately said when he heard Fang Hong say this: "Hummingbird Video is a video player based on P2P technology."

Fang Hong couldn't help but say, "What did you say? P2P technology? Isn't that how you play fast?"

The so-called P2P technology, also known as peer-to-peer technology, relies on the computing power and bandwidth of the participants in the network, rather than clustering the dependencies on a small number of servers.

P2P networks are often used to connect nodes through AdH connections, and this type of network can be used for a variety of purposes, various file sharing software has been used, and P2P technology is also used in data communication for real-time media services such as VoIP.

Kuaibo, a video player, was launched in 2007, and it was the fast train of P2P technology that developed rapidly.

It is now also known as the must-have software for veteran drivers.

Kuaibo uses the P2P model, which requires users to use a specific plug-in player to watch videos, and the website only needs to provide seeds, when the user regulates

When the module is large enough, more than 90% of the video files are downloaded from other users' computers, which greatly reduces the bandwidth consumption of the website, which greatly reduces the operating cost of the website.

You should know that "Internet fee" is a major expense item of online streaming video website, and the larger the scale, the greater the traffic consumption, and the more "Internet fee" will be paid.

Fang Hong didn't expect Hou Junda to come up and take such a path.

What is the ending of the fast broadcast, it is naturally very clear.

It's a dead end!

……