Chapter 1282 Incubator
Li Rui was too lazy to mention the matter of seniors, so he was disgusted.
If you want to reverse the other party’s unfavorable impression, you have to rely on your own efforts.
He smiled and said to Graham: "I heard of your name when I was in Huaguo. I have always regarded your investment philosophy as a role model. I am really happy to see you today."
Li Rui said this. Of course, Graham could not act like he was keeping others away from him. He also smiled and said, "It's very welcome. Silicon Valley needs fresh blood from Huaguo!"
When he entered the venue, Fu Shande greeted and hugged everyone. This guy has a wide connection and has a common topic with almost everyone.
Li Rui thought to himself, this is the top social awesome disease, right? If it weren't for this disease, I wouldn't be a broker!
There are many guests, most of them are names that Li Rui has never heard of. The companies he knew in his previous life were either super companies like Google, Facebook, Netflix, or unique brands like Groupon, whatsapp, and Ins, but the companies he didn't know were still as numerous as a bull.
Many companies may not have a market value of tens of billions of yuan, but they are the backbone of the Internet and high-tech industries in Magnesium.
Most of the entrepreneurs present were such, who looked not astonishing. Some people didn't even wear suits and came to the cocktail party just by wearing a pullover. Some people were young and made people wonder which high school they were from, but in fact they were all founders of companies with a net worth of over 100 million.
Fu Shande took Li Rui to greet him and became familiar with him, but everyone's attitude towards Li Rui was basically polite but not close.
This is also the consistent attitude of the mainstream group in Silicon Valley towards Huaren. Unless it is a big name like Jerry Yang and Yuan Zheng, it will be difficult to integrate into the mainstream circle.
Li Rui didn't have a hot face to put on his cold butt. His initial purpose of attending the party was indeed to find some investment opportunities, but since he learned that Claire Underwood would come, his purpose has completely changed.
Investing in a business only makes a small amount of money.
Investing in the right people will make money from the general trend of the future.
Standing in a corner of the cocktail party, Fu Shande comforted Li Rui and said, "Don't be discouraged. Mei Chinese people are like this. They are more resistant to unfamiliar people. When you get familiar with them, they will naturally treat you like me."
Li Rui smiled and said, "It's okay. I'm mentally prepared for this kind of thing."
Fu Shande sighed and said, "No matter how great the success of Huaren in Magnesium is, he is still a minority and it is difficult for him to enter the top circle."
"Didn't you integrate well?" Li Rui smiled.
Fu Shande snorted coldly: "If you think their kind attitude towards me means that I have entered their circle, then you are wrong. I know very well that they are just treating me as a broker who can use it and can bring benefits to them. People like me are just clowns!"
Li Rui was very surprised, but he didn't expect Fu Shande to be so calm.
If he thought about it carefully, he would not be the top broker if he didn't even have this kind of self-consciousness!
So, every adult who looks glorious has unknown sadness.
Li Rui changed the topic: "Are you very familiar with Graham? I'm quite interested in his incubator investment model."
Fu Shande said: "I have helped him solve some small troubles and I am quite clear about his affairs..."
After chatting for a while, Li Rui also gained a deeper understanding of Graham's incubator operation mode.
Before Graham, venture capital in Silicon Valley often showed a polarization, either tentative investment of no more than $50,000, or gambling investment of more than $1 million, with few intermediate areas.
Graham keenly discovered this vacuum area. After investigation, he found that the reason why many startups were dead is that they could not wait for the next life-saving money after using up the start-up funds originally borrowed from savings or friends.
So Graham developed an investment model that can be called assembly line.
He first interviewed the entrepreneurs who applied for investment, and then selected them and joined the thirteen-week startup incubation class organized by him. Each selected team can get a sum of funds, and in exchange for y incubator, he can get about 6% of the shares.
Although this amount of funds is not large, Graham can introduce entrepreneurs to well-known investors in the circle through his own connections and the investment network formed by the y incubator, so that entrepreneurs can truly enter the entrepreneurial circle, rather than encountering walls outside the circle like a headless fly.
Finally, Graham will organize an entrepreneurial project launch conference called demoday every once in a while. The attendees are various venture capital institutions, investors, technology circle people and media reporters. Entrepreneurs of y incubator can take turns to introduce their projects on stage, which looks like a lively Don’t Disturb Blind Date Conference.
This model allowed Graham to seize many potential startup projects. Last year, Graham invested in a total of 36 companies, of which 33 received further investment after obtaining funds from Y incubator, with a hit rate of up to 94.4%!
After Fu Shande introduced, he said with great emotion: "He is the most powerful gambler I know... No, wait a moment. I feel that you can compete with him for this honor!"
Fu Shande suddenly realized that although Li Rui's investment projects are far less than Graham, his vision is even more vicious. So far, none of the projects invested in have failed and all of them are developing in full swing.
There is also the Sofobwe Investment, which can be called the legend, which only took only 200 million magnesium yuan and half a year to obtain dozens of times the return on investment. Even compared with any successful venture capital case in history, this rate of return on investment is no less than that of any successful venture capital case in history!
Li Rui said modestly: "You are too good, I'm lucky. Graham is really amazing!"
Fu Shande said: "Now many investors in Silicon Valley are staring at Graham. Some people say he is the venture capital leading venture capital. In short, following his footsteps must be right. But now there are some people doing the same model, and he is facing a lot of competition, so today's cocktail party is held, hoping to make more partners."
"I know that Professor Li's innovation workshop in China is actually an imitation y incubator." Li Rui said.
Fu Shande nodded and said, "That's right. There are also 500 startups and techstars in Silicon Valley, all competing for potential entrepreneurs."
As the two were talking, a man with a face in Yazhou came over and laughed loudly, "Dear Fu, I miss you very much!"
Fu Shande also smiled and said, "Haha, dear David, we haven't seen each other for a long time!"
The two of them had a kind hug.
Fu Shande then introduced to Li Rui: "Li Rui, let me introduce you. This is David Lee, a partner of Ventures and xgventure!"
Another well-known name.
Chapter completed!