"Damn how many brushes did I buy? I went to the top, and we are convinced by this arrogance, so I don't know if Apple is not convinced."

"Awesome! It's so awesome! I stole the limelight of "This Kung Fu Thief", and the original ones that were forced to change their name directly! Why don't you change your name too? How about "This Iteration of "This Issue"?"

This kind of nonsense made Chu Yuanxi laugh when he looked at it, because even if there were dozens or hundreds of extra one star, would it have any impact on the score? More than one thousand five stars and larger four stars are enough to flood this sour sauce. Lu Yu didn't need to contact the water arms control review, which would not affect his mood at all.

Therefore, Chu Yuanxi was still in the mood to communicate with Lu Yu, mainly to second the Feng Xueling. Although Feng Xueling's food visit and video broadcasting video was not particularly popular after it was posted on the external network, it was still maintained and food was the first weapon to guide the external network. Feng Xueling's appearance was high, so the lower limit itself was not much lower.

Her video was produced by Monica's YouTube channel in late September. In more than a month, with Monica giving the lead, she has already gained more than 300,000 fans.

This speed is very fast, and it has shown a trend of becoming popular, because it is difficult for youtube to enter so many subscriptions by relying on traffic guidance. The key is that in Baren's overseas matrix, there are only so many youtube fans. Of course, this private account that has not been calculated should not be calculated.

Therefore, natural powder-attracting is definitely the main part of it.

What is less ideal is that there are no big hit videos, and the most popular videos are only a few million, and there are not tens of millions, so I am embarrassed to call myself a youtube internet celebrity now.

However, Feng Xueling's relationship is in Baren Information. If Zhao Jie starts to focus on the US market in the next stage, Feng Xueling can produce a good auxiliary effect, but she needs to transfer all her energy to the promotion of the game, so she has to be officially seconded.

Chu Yuanxi personally came to the meeting, and Lu Yu was unable to resist and could only accept it. But this can definitely be regarded as a loss for Baren Information. If there is any loss, you have to compensate. In this spirit, Lu Yu said: "Mr. Chu, can you help me with a little favor?"

"What a little busy?" Chu Yuanxi immediately felt that Lu Yu's request was not simple.

"That's what. The advice you gave to robots for making videos is very good. Now it is the main force of my output, and it is generally popular. The average number of views and likes are obviously high..."

Chu Yuanxi thought that's not the case. The robot is so obedient, and it can walk with electricity, and it doesn't even feel tired when it rotates 24 hours a day. If it's an artist, wouldn't you have to die suddenly if you exercise in the middle of the night?

Lu Yu continued: "But we robots only focus on practicality and special needs, and there are no stars or big names."

"you mean?"

“Can you buy a Boston Dynamics dog?”

"Hiss..." Chu Yuanxi said that your request is tricky enough! Boston Dynamics started pre-sale of robot dog spots on September 24 this year. Vice President of Business McPerry said that the annual output in 2019 is 100.

This number has put all customers around the world in a hurry, and he immediately added that the production can be increased to 1,000 by 2020, forcing people to wonder if their robot dogs are purely handmade, otherwise why would it be so difficult to give birth? It is even more difficult to give birth than Nezha.

Some people even found that there were too many people in front of them after queuing up, so they could not wait. So they simply suggested that Boston Dynamics change to auction? This is a scarce resource, and some people recognized the auction.

To be honest, this suggestion is actually quite feasible. At least those who play self-media around the world will go crazy. However, Americans are rigid in their brains and they don’t adopt such a good suggestion.

Chu Yuanxi glanced at Lu Yu with a squinted look and thought to himself that he could make this demand. Could it be that he already knew who Elizabeth was? Otherwise, how could he dare to make such an excessive request?

"I can only ask you this, but if you really get the power dog, what do you want to do? And you have to know that the hottest one is no longer a robot dog, a robot warrior."

"Is that special effects video good..."

Lu Yu is actually very envious of robot warriors. He is really shocked. No matter how he interferes with punches and kicks, the robot can accurately identify the target. If he is not a target, he will definitely not fight, and the target will be accurate. If he is a large-scale investment in the battlefield, it will be a nightmare for human soldiers.

Later, someone told him that it was just a special effect video and that this kind of robot was not created at all, which was quite sour.

Chu Yuanxi curled his lips, "It's a special video, but Boston's Atlas robot can already do gymnastics, do you know? It's 360 degrees in place, somersaults, and carp studs, all of which can be done. Is it still far from evolving into a robot warrior? Let's talk about what you want to do with the power dog."

Back at Chu Yuanxi's question, Lu Yu thought for a while: "It's best to mention some of our special needs, such as being cute and helping the owner get things to deliver things. I plan to make a video of the power dog and the real dog, focusing on the real thing, and making the fake fake. I think the one named Rado in Zhu Chi Sister is good."

"I'm afraid that the Americans will say that this is a high-tech product and that it will be embargoing us, so we will be particularly mentally retarded, you know?"

Chu Yuanxi had to admit that Boston Dynamics Dog was very powerful in mechanics and dynamics, and was not as good as in China. However, from the perspective of robots, it seems that it is not completely impossible to catch up with the robot, whether it is the robot spot or the robot Atlas. Otherwise, Google had no reason to regard Boston Dynamics as a useless rib and then threw it to Sun Dasheng.

While Chu Yuanxi was chatting with Lu Yu, there were two men chatting at Zhengde headquarters in Sanlitun. One was Yuan Jing, and the other was Wang Jiapeng, who Yuan Lu had planned to be a consultant.

Jiapeng's childcare has already done bankruptcy liquidation. While getting rid of all the financial burdens, Wang Jiapeng has to enter a period of personal stagnation. According to national laws, his bankruptcy liquidation, starting from the completion of the liquidation, entrepreneurs cannot serve as executives of any company within three years.

Some entrepreneurs will use this time to recharge and go to school, but Wang Jiapeng plans to come to Zhengde Fund to find a job, and if he doesn't work as an executive, he can do business. Although this intention is surprising, as an entrepreneur who almost succeeds and dies in the general environment, Yuan Jing has to consider it carefully.

Although the other party just let them invest tens of millions of early investments in the past, the fields of early education and early childhood education are still recognized as one of the most attractive areas for investors in China. They have strong profitability and a large market, especially in first- and second-tier cities, which is basically a basic need, and there is a threshold for entry, so not everyone can do it.

The only problem at present is the problem that Wang Jiapeng encountered. The economy is severe and many urgent needs have become less tough in the cold winter. Some are because users are really poor, and some are other reasons. In short, the average customer price must be significantly reduced, and profits must be severely embezzled, and even the valuation model will be changed. But what about when the cold winter passes? So there is an expert who is deeply engaged in this field to invest, and investment institutions above the scale need to be seriously considered, regardless of whether the expert has just gone bankrupt.

Entrepreneurs with rich entrepreneurial experience jumped to the other side to invest, and there were not too many precedents for success, so Wang Jiapeng was very calm. He knew that Yuan Lu intended to introduce him to Xiaokang as a consultant, and also knew that he was rejected by Xiaokang's president, so the chat content was easy to talk about Xiaokang.

Chu Yuanxi has seen the situation of family care and childcare, but he hasn't seen Xiaokang. However, every time he thinks of Xiaokang's happiness, he feels a deep sense of reluctance in his heart.

Therefore, he found an opportunity to ask his unwillingness immediately: "Mr. Yuan, I just don't understand why Xiaokang didn't sign any bets when financing? All of you investors didn't seem to make this request? Is there any hidden information here?"

Betting is undoubtedly the death knell for the trend of the trend of the family-friendly childcare toward destruction. If there is no betting, he can stop running at many nodes, but the betting agreement forces him to run to the end of bankruptcy at the fastest speed.

If an investor made a bet, the entrepreneur did not agree, and after negotiation, he still conducted a round of financing. This is not impossible. Some such financing has been backed down for four or five years. But even this process is quite rare this year, because not to mention bets, in the deep cold economy, some entrepreneurs are willing to sign unlimited joint and several liability.

However, no one has made a bet on Xiaokang's investment, and it was two rounds of financing, which was several hundred million, which is too incomprehensible. In fact, there is still a third round, but the third round was Baren's contract for the financing a+. Investors know that outsiders don't know.

"There is definitely no hidden information. No one mentions betting is a tacit understanding." Yuan Jing pressed the frame, and usually when he made such actions, he felt a little embarrassed.

Seeing that Wang Jiapeng didn't understand at all, he had to make one point clear: "For example, I hope Chu Yuanxi will not make a bet, and I will not participate if he asked. When he raised the Baren Group, he signed such a high bet, but it was all completed in one year. We lost a lot, do you know? If he knew that he could complete it and it was so easy last year, I wouldn't agree with anything when he took the initiative to propose the bet."

In fact, the more practical situation is that except for Xu Xin and Hu Shiheng who were invited by Chu Yuan Xiyan, other investors know that it is not easy to invest in. Next to it is the Baren Group holding a lot of cash, which shows off its muscles as a nuclear deterrent. If anyone doesn't want to invest, it can be said clearly.

"Tell me about you, Jiapeng, which field do you want to do in?"

"I wanted to start the early education and early childhood education industry before, but I have a lot of different ideas recently." Wang Jiapeng had already thought about it completely before coming. It can be said that the whole thinking is exactly what he thinks he has an advantage.

"How? Change to investment in adult online education?"

Yuan Jing’s idea is normal. Adult online and early education face to face are exactly two extremes. Unexpectedly, Wang Jiapeng smiled: “Is there a difference between doing adult education and selling insurance? Isn’t it just selling things, regardless of whether the user uses it or not… Adult online education is essentially anti-intellectual. If it is difficult, no one will use it, and if it is not difficult, no use."

"and you?"

Yuan Jing looked at Wang Jiapeng in confusion. Wang Jiapeng was also looking at him, and Zheng De's growth history flashed quickly in Wang Jiapeng's mind.

In his eyes, Yuan Jing is a European emperor, and it is a complete miracle that Zheng De can develop.

The local PE/VC institution in the Celestial Dynasty was established in a boom around 2000. In 1999, it was praised as the first year of the Celestial Dynasty Venture Capital, because it is said that the GEM was about to come out. Later, the first year became resentment, and this "nearly" was almost 10 years long.

Then I experienced five years of long bears in my big A-share market, which was also the first cold winter for pe/vc institutions. The entrepreneurial environment at that time was not as mature as it is now, but the entire venture capital industry was closely linked to the Internet industry. Among them, those who can effectively use investors' help, quickly rushed to the front row.

Baidu is a typical representative and benchmark. It only stood out after receiving idg investment of 1.5 million in 2002 and eventually became one of the top three bats.

In this era, local venture capital investment faces a very embarrassing problem. How to exit? The access system of A-shares makes it difficult for real startups to go. Fundraising and investment management withdrawals, and the last link cannot be completed, and the whole logic is wrong. This situation was not until 2004 and 2005 when there were two major events in large A-shares, and the dawn appeared.

In 2004, the Small and Medium Enterprises Board was established; in 2005, the stock reform.

Of course, all this has nothing to do with Zheng De. Zheng De Fund was established in 2006, and it was a trust at the beginning. But it was also related, because if Zheng De had been established a few years ago, he might have been kneeling down long ago. In that ancient wilderness era, there were countless venture capitalists who were beaten to death by the waves of the times, and the heroes could survive it.

Even so, small funds like Zheng De, which had no sense of existence in that era, because around 2005, funds had already begun to enter the market to pioneer on a large scale. There were outsiders such as Tiger Fund, Sun Dasheng, etc.; there were also Sequoia, which had directly transformed into local venture capital. Hillhouse was a startup fund that started at Yale University. Sister Xu Xin, the main investor of the well-off society, was called the investment queen in that era, and left her old boss to create a contemporary capital group.

Recently, Xu Xin has been in the limelight in the iPo market. She has invested in two of the three snack consumption giants, three rats have been listed, and Liangpin Shop is about to want to play iPo. This year's best investors are probably the top three.

With so many foreign monks and local giants, how difficult is it to advance with Zheng De's arms and legs?

It is not difficult, because the ChiNext, which was planned in 1999, finally opened in 2009. Opening a board is equivalent to starting a meal. In this huge dividend, any small fund can immediately transform into a higher level as long as it can earn a listed project.

Therefore, all we need is European gas.

When Zheng De was founded in 2006, only the Yuan family had some money, so he decided to do something big together. At that time, Yuan Mu was only 19 years old and was still studying overseas. Yuan Jing was 32 years old and returned from studying abroad. He drank a lot of foreign ink and had work experience as an American investment bank. He was the one in the Yuan family who could do the best, so his father entrusted him with an important task.

As a result, a year later, the company changed a lot, and the Yuan family lost the leader. Yuan Jinglinwei was ordered to take charge of the fund that had just set sail, and then he actually put his treasure on the startup company that seemed to have no hope at that time. Zheng De also gradually transformed from a trust to a PE/VC institution.

The so-called VC is an early venture capital, which relies on spending money on the spot, while PE means investing in financial indicators. Relatively speaking, investing in relatively mature companies. When Yuan Jing took office, no one in the Yuan family was coveted the position of president. Many people even accused him of his decisions being hasty, but the investment industry has an important feature.

Limited partners lp are enough to have money and are responsible for paying money. Although GP is called general partners, it actually needs to manage funds and has high requirements for qualifications. Whether it has a reputation for performance, whether it is fully focused, whether it has unique skills, etc. If none of these, at least it must have work experience and education. These are things that people who only own cash cannot achieve.

As a result, Yuan Jingou Huang possessed him. In just three years, some early invested companies had just met the listing standards. Many projects took as long as three years from fundraising to maturity. However, the GEM was just about to open. So local venture capital companies ushered in the first large-scale explosive growth. Zheng De invested in dozens of startups, and in the first two waves of opening the board, he scored the goal of Netsu Technology, which is smart and blue cursor.

Not only Zheng De, but many PE/VCs have been posted. The myth of getting rich overnight spread across the river. If you don’t participate in PE, it is officially an era of backwardness.

That era was perverted, and all the rich people were crazy. With the sound of the GEM, countless PE funds were gathered to pursue the investment in pre_ipo projects. Local venture capitalists worked hard for many years and finally waited for this day. Then they found that they had a big trough and the market ecology suddenly changed. What value investment is not value investment?

Soon, GP lost its decision-making power, and the power to invest was taken away by lp, that is, investors, GPs' jobs became funds raising, and the ability to find money became the only indicator to measure private equity funds. Then, with lps' investment vision, of course, they do not consider the growth of companies, and whether they can be ipo is the only standard. Projects with annual net profits of more than 30 million in the market were chased by rich PE institutions.

But a good thing like pre_ipo is definitely a scarce resource, so relationships and connections have become the first priority, not the professionalism of investment. This is the inevitable outcome of too many monks and too little porridge. The result of downward transmission is that the valuation of the companies to be listed has increased, and it even reaches a 20-fold price-to-earnings ratio before listing, but institutions still need to grab it to grab the share.

Zheng De made a fortune after 2009 because of Yuan Jing's hasty decision in 2007. The investment return rate of a single project is dozens of times, which is equivalent to a pig standing in the forefront. Moreover, as the GEM continues to expand, companies invested in these three years have been listed one after another. Zheng De gradually got involved in the circle of medium-sized funds within the country and the DPRK. When he initiated the fundraising, the scale of 200 to 3 billion was still sure.
Chapter completed!