Chapter 203 Encourage entrepreneurship

On the bright spring days, the warm south wind blows.

Spring in Pengcheng came earlier than in many places, and the leaves on many branches were already dark green.

With the overall migration of many labor-intensive enterprises, there are fewer migrant workers from other provinces looking for jobs on the streets of Shenzhen, but there are more Russians with blonde hair and blue eyes. These new Russians, who are of Chinese nationality, often study Chinese after work, or take to the streets to try to adapt to Chinese life faster.

"Is this the Russian? The white skin is almost the same as the evil ghosts in the ghost film. No wonder they were called Rakshasa people in ancient times!"

"Hey! The old Russian girl looks like a fairy from a distance. When she looks close, my god, her skin pores are thicker than the old man who does farm work every day in the mountain!"

Many Shenzhen citizens are curious about these Russians, just like the big gorillas in the zoo, often pointing fingers and talking about them.

Although they didn't understand Chinese well, they could also feel that many citizens' actions were very discriminatory, which made many Russians who had newly moved to Shenzhen feel a little unbearable and reported the situation to the government.

The Shenzhen Municipal Government held a meeting to discuss strengthening the spiritual civilization construction of citizens and enhancing the quality of citizens. Shenzhen is now highly developed in economy, but has not done enough in the construction of spiritual civilization.

Then, various units and agencies in Shenzhen began to promote that these Russians are also Chinese nationality and belong to Chinese compatriots. We should not look at them with strange eyes, nor should we make uncivilized actions such as pointing fingers. These rude actions will not only cause psychological barriers to many new compatriots to us, but also damage the image of Shenzhen citizens.

Through extensive education, these behaviors of disrespectful people have been reduced. Many street mothers on the street have more projects to fine. Now the Shenzhen Municipal Party Committee has issued many street mothers with armbands to take one camera each. When they see someone doing uncivilized behavior in public places, they immediately took photos of their behavior. They found that the fine was 100 yuan once, and the second time was 1,000 yuan. Every time they found, the fine increased by 10 times.

After feeling the government's care, the centripetal force of Russian experts on China has also increased a lot.

As more and more Russian technical talents are concentrated in Shenzhen, the entire Shenzhen has unprecedented technological strength, especially for the companies in the Longteng Group, with new patents one after another, and on average, hundreds or even thousands of new patents are registered domestically and internationally each day.

Like the original technicians of Longteng Company, these Russian experts, in addition to receiving thousands of yuan in basic wages, if they invent new patent technology, the inventor or the inventor team will obtain 30% of the profits in commercial use of the patent. The more they work, the more they earn, which greatly increases their enthusiasm for labor. In the past, under the planned economic system, all the results were collectively and then distributed equally. lazy people and hardworking people were rewarded as much as they did without results.

In order to activate Shenzhen’s local economy and drive a new situation of using knowledge to start a business, Zhang Bixuan also asked Longteng Venture Capital to approve some Russian technicians’ request to start a business with personal loans.

Since its establishment, Zhang Bixuan has been constantly injecting funds into it, and in recent years, more than 3,000 knowledge-based and technological entrepreneurs have been investing in venture capital. There are less than one-tenth of the successful examples here, and most entrepreneurs have failed. However, there are also a few companies that have increased their scale by a hundred times in a few years, making Longteng Venture Capital a big profit.

The reason why investing in emerging high-tech fields is called venture capital is because emerging industries have just emerged, and the future risks are not like mature industries. There can be a large amount of historical data to estimate risks.

According to the definition of Americans, venture capital should refer to an equity capital invested by professional financiers in emerging, rapidly developing, and with huge competitive potential. Venture capital can also be understood as a dynamic cycle process.

Venture investors use their professional knowledge and practical experience in related industries or industries, combined with efficient corporate management skills and financial expertise, to actively participate in management and operation of risk enterprises or risk projects until the risk enterprises or risk projects can be listed or acquired by other companies, so that venture capital can achieve high returns. After a round of risk capital investment exits, the capital will be invested in the next selected risk enterprise or risk project, which will repeat itself and continuously obtain the appreciation of risk capital.

Longteng Venture Capital Fund fully meets these standards, and a large number of expert technical talents are responsible for reviewing entrepreneurs' applications. Unlike later, many people did not understand technology at all, so they devoted themselves to the venture capital industry and invested randomly, which could only blow the bubble of some emerging high-tech industries bigger and bigger. Without waiting for profit, those venture capital investors were impatient and wanted to withdraw their investments. As a result, many industries that had already seen the dawn of profit fell into the darkness before dawn.

For example, from 1998 to 2000, a team of rich people suddenly emerged in China to make venture capital in the high-tech industry. During that time, some people, relying on their fair share of their tongues, took plans to plow astronomy and high-tech industries in cafes. In a blink of an eye, the Nasdaq bubble in the United States burst. In the blink of an eye, the "high-tech" and "Internet" venture capitalists in China were also panicked and even lost money to withdraw their investment, which greatly damaged the vitality of the Internet industry that had just emerged in China at that time.

Influenced by the encouragement of technical employees to start businesses in Longteng companies, more than 100 Russian technicians applied for funds ranging from one to tens of millions of dollars from Longteng Venture Company to start businesses in Shenzhen.

One of the young Russian technicians in his 30s, Eugene Kaspersky, founded by Kaspersky, received only 2 million yuan in venture capital, but was unexpectedly instructed by Zhang Bixuan, and the company needs to pay attention.

"Mr. Zhang, wise! Why are you so concerned about my small company?" Eugene asked him later.

Zhang Bixuan just smiled and replied: "Because your name is very special, I haven't heard many people with lower computer configurations shouting 'Stop! Frozen!' while using your antivirus software!"
Chapter completed!