Chapter 118 Fifty Million Dollars
When he came out to relax and rest, Fan Liancheng had no time to read the information.
After reading the sentence after replying, I handed the file bag to a bodyguard who followed the boat and asked the other party to help collect it.
The middle-aged man surnamed Zheng is named Zheng Hua.
He studied in the United States in his early years, and later founded an Internet company with others, and went public on Nasdaq, cashing out and earning tens of millions of yuan.
I struggled and worked as a private venture capital for a while. Later, I felt that it was not very interesting to make a small fuss, so I successfully climbed up to Hongshan Capital through the resources I accumulated in the United States that year and then obtained 200 million US dollars of funds.
These are the old things Zheng Hua, who cannot get off the boat for the time being, mentioned during a chat with Fan Liancheng while drinking. He probably understood that investment not only depends on the company, but also on the people. Therefore, he wanted Fan Liancheng, the "financial owner", to have more knowledge about himself.
"Two million US dollars, not too much, not too little, not too little. I think Alibaba's divested b2b business is expected to raise 1.7 billion US dollars for development in November. The mainland market is not small anymore. You only have enough money to invest in those startups."
While Fan Liancheng was talking, he drank a little wine. The atmosphere on the boat was not as lively as he imagined. When there were too many people, he became restrained and still had small circles.
The only night view is left to praise. As the yacht sails upstream and bypasses Lujiazui, the night view becomes sparse, but the only thing left is the fun of wine.
After being depressed by Fan Liancheng's truth, Boss Zheng once again brought the beer bottle and poured wine into his mouth. The following sentence:
"That company is pretty good, but it's been staring at too many people. Now it's a bit overvalued. It's probably a bubble once it goes public. I don't plan to take out the real important business this time. I think that payment software that is similar to paypal is more interesting, and the b2c and c2c businesses are also more marketable.
I admit that the funds are a bit insufficient, but if it weren't for the shortage, I wouldn't have rushed over and asked where you are. From another perspective, although the possibility of success of a small company is low, as long as it succeeds, the profit will be great. My idea is to invest in startups that are more promising and have initially formed. Our country has such a population and is willing to spend money on infrastructure. In the future, so many netizens will definitely not be small. I heard that several companies are engaged in R&D. How to turn mobile phones into computers? If it is really successful, the cake can go from seven inches to twenty inches. As long as you seize the opportunity, everyone has to eat. If you want to eat and wait a few years before you die, I can retire. This time I really want to make Hongshan Huaxia bigger. You can definitely rest assured about fund supervision."
I have heard people talk about these venture capital investors who want to make money are good at talking, and even more powerful are the bosses of Internet companies.
Now look at it, it is indeed the case.
Zheng Hua has worked on the Internet and is now a venture capitalist, both of which are taken up.
Recently, he came to Fan Liancheng with a project and asked him to invest in many people. The reason was that the news of the sale of shares in the casino market was announced by Huo Fund. Many people with ulterior motives knew that he had plenty of cash on hand.
As also known, there is also the transaction of the Repulse Bay luxury house. Fan Liancheng said it everywhere that the buyer was relatively high-profile. The Hong Kong City media followed the clues and dug out Liancheng International Company. As for the transaction of cashing out the US stock market, it has not been seen. This does not prevent people from estimating the approximate cash scale on hand.
It is also because of the constant movement that the Casino Party began to investigate Liancheng International's accounts a few days ago, trying to find out if there was any trick. Since Fan Liancheng decided to delay the inheritance for a period of time before formally inheriting the estate, he planned to cancel the inheritance tax like Port City, and thus avoid paying taxes of up to one billion yuan. Of course, no problems were found.
Since it involves money, it is definitely correct to be more careful.
Fan Liancheng has also heard of the so-called "smartphones". In 2007, it was still a conceptual product. The first generation of Android operating systems was in the stage of research and development improvement. Apple just released its first generation of mobile phones in January this year.
I feel that the person next to me is a little interesting, especially about Alibaba. The idea of being divested for key businesses coincides with me. This shows that I have a long-term vision, not just talking about it with my mouth.
Without giving any promise, Fan Liancheng asked with a smile: "I have almost all the trendy programs in Silicon Valley. Even if you don't go through your company, you can try to use funds to invest, raise funds, and create an offshore company to engage in venture capital business. Why should I cooperate with you?"
The tone was not hostile, it was plain, like chatting.
Boss Zheng replied decisively: "Because after reaching a certain scale and gaining fame, Hongshan Huaxia can still develop in the direction of funds and earn management fees by absorbing funds. This is very beneficial to partners. Even if the investment is not smooth, you can make money through this. Look at the company name on my business card. Hongshan Capital Huaxia Fund is not just a simple venture capital investment, but also as long as the mainland market continues to grow, both businesses may make profits."
Fan Liancheng didn't argue and continued to say that he could also build funds.
He knew very well that Hongshan Capital had advantages. In addition to providing funds, he could also help with operations and help overseas listings. There were also ready-made management experiences. These were conditions that he did not have, and now he only had money.
He nodded in agreement and asked again: "If I were willing to invest, how much money do you want to get from me and how many shares can you give me?"
"Fifty million US dollars, accounting for 30% of the shares. My shareholding ratio and my headquarters will be diluted. To be a founding partner with me, we should not dilute the equity casually in the future. Let's work together to do private equity."
If it were the American Red Mountain Capital, investing 100 million US dollars into it, it might account for less than one percent of the shares.
However, now this Hongshan Huaxia is just a startup private equity fund under the signature of Hongshan Capital. It doesn’t require much funds and performance. Most of the 200 million US dollars are still obtained through private equity, which means that the assets managed by others cannot be considered the value of the company itself.
50 million US dollars account for 30% of the shares. It is estimated that the total valuation is more than 160 million US dollars. After deducting the 50 million US dollars he brought in, Fan Liancheng is very suspicious whether this private equity fund is really worth more than 110 million US dollars.
Fan Liancheng took the information he had just handed to the bodyguard back. After opening it, he almost laughed out loud and said, "The total assets you mentioned are more than 300 million US dollars. Not only are the private equity money added, but even the part that is expected to be raised is considered? If you plan to raise 99.8 billion US dollars, wouldn't the total assets be over 100 billion US dollars? It's almost the same for 50 million US dollars to exchange for 60% of the shares. Boss Zheng, you're a bit high."
I was misled just now and obviously overestimated the company's current strength. No wonder 50 million US dollars can account for 30% of it. The valuation itself is at most 40 to 50 million US dollars. I also counted the brand value. I only saw that the returns were negative when investing in the outward investment. Fan Liancheng had never heard of any of the companies invested in.
Zheng Hua was a little helpless.
I have been short of money for a day or two. I have also found other potential investors before, but it is like a listed third-tier school. Although it is called "Hongshan Capital", no one really takes it seriously.
I don’t have much money in my hands and invest a lot of money out. Now I am so poor that I need others to invest in myself.
Don’t look at Fan Liancheng saying that the United States Hongshan Capital is willing to raise funds, but this is not the case at all. After all, it has been established for more than two years and has lost a lot of money. The companies in their hands are mediocre, and they only cry poorly all day long. They are not ruthless in spending financing. This behavior has already made the United States have objections.
To put it carefully, in fact, the United States Hongshan Capital is also a venture capital firm, Zheng Hua, hoping that he can expand his business in China. Of course, he will not be as unreserved as supporting the branch. One day he will stop loss.
Although Alibaba, Tencent, NetEase and other companies have emerged, external venture capitalists are still not paying much attention to the Chinese Internet industry, but mainland bigwigs prefer visible traditional companies, such as banks, real estate development companies, securities firms, etc. The venture capital and private equity markets are quite sluggish. Internet companies want to raise funds and survive, they often have to get money from foreign capital.
Fan Liancheng is younger and has more open-minded ideas, so he is targeted by Zheng Hua, who is anxious to invest money.
Boss Zheng is forty years old this year. She was teased by Fan Liancheng. She was a little embarrassed about her face, but she was not really angry and said:
"Investment has a premium. Guanghongshan Capital's signature is worth a lot of money. Besides, I am one of the earliest venture capital investors in the mainland. Most entrepreneurs who have become a little more popular in the Internet industry, and resources are also valuable. Mr. Xiao Fan understands this truth?
50 million US dollars, the highest maximum is 35%. If you really can’t do it, you can only go to private equity. You should get it by running around Hong Kong and Macao.”
Fan Liancheng understood that the other party wanted to say that there was still a way out and did not need to hang himself.
Although I doubt whether it can successfully raise a large amount of funds under the current performance, I also know that the reputation of Hongshan Capital, the largest Internet private equity fund in the United States, is really worth a little money, just like the fact that several joint properties in the south have to be named Longcheng.
I looked down again and opened the list of Internet companies I had invested in, including Spot Media, Huoshi Software, Gaode Software, Linong International, Asia Media, Dianping, Aoshen Media, etc. In addition, I just raised funds for a catering company called Shancunji on the first day of this month, investing 13 million US dollars.
Fan Liancheng did not have the ability to be foresighted and doubted whether a brilliant company could emerge here, but he also knew where the money he raised had been spent.
Chapter completed!