My Age of Investment

For the next period of time, Xia Jingxing went to bed early and got up early every day, living the life of a standard office worker.

At nine o'clock in the morning, I came to the mobile phone company located in the software park on time, turned on the computer, drank tea, browsed the news, and replied to various work emails.

After lunch, rest in the office for half an hour.

In the afternoon, I went to various departments of the company, showed my face, and chatted with the employees by the way.

Occasionally at 5:30, a group of senior executives will be called for a short half-hour meeting.

All research and development work is proceeding in an orderly manner, and he has almost done everything he can point out, and the rest can only be left to time.

He does not intervene in the research and development work, and he puts more energy on the formulation and adjustment of the company's personnel organizational structure, corporate culture, rules and regulations, etc.

Before he joined as an authentic major shareholder, founder, and CEO, mobile phone company soldiers didn't know how handsome they were, and even the younger sister at the front desk didn't know him.

On the surface, everything seems to be in order, but in reality there is still a lot of disorder and chaos.

It took half a month for Xia Jingxing to sort out the entire company structure, and even interviewed every middle-level manager.

In addition, he took a day off from work, called all the employees, and went out to organize a team building.

Because there is no break time, the company covers all expenses, and the basic necessities of life are high standards. The employees have seen the company's strength and arrogance, and everyone should have remembered Mr. Xia's name and appearance.

…………

…………

One day in mid-December, Xia Jingxing came to the mobile phone company as usual.

As soon as he turned on the computer, he received a call from Fu Jixun.

"Mr. Xia, Chen Congwu has let go. The pre-money valuation is 70 million US dollars, and the financing is 30 million US dollars."

"Promise him, sign the contract immediately!"

Fu Jixun has been sending work emails to Xia Jingxing to report on the negotiation situation.

Financing negotiations were difficult.

After Chen Congwu's team lowered the valuation to 80 million US dollars, they refused to go any further.

Fu Jixun chatted with the other party four or five times on and off, grinding the price a little bit. After half a month of grinding, he only managed to grind down 10 million US dollars.

"Mr. Xia, otherwise, if you try again, after another half a month, I'm sure it will reach more than 60 million US dollars."

Xia Jingxing felt that Fu Jixun's professional ethics was nothing to speak of. Although he belonged to the gold-collar family, he had the spirit of a "grocery shopping lady" when it came to asking prices.

But he was reluctant to use his precious talent as a grocery shopping aunt, and said on the phone: "No need, nights are long and dreamy, and the targets for maps are still relatively scarce.

Besides, as the manager of a $200 million fund, how can you devote all your time to one project.

End it early, so you can divert your energy and focus on finding external projects. "

Fu Jixun smiled on the other end of the phone, "Alright then, listen to Mr. Xia."

After hanging up the phone, Fu Jixun contacted Chen Congwu's team, and the two parties formally signed an investment agreement at Envision Capital's capital office.

Jingzhe Fund invested USD 30 million in AutoNavi and took 30% of the shares.

Xia Jingxing did not attend the signing ceremony, and recently his thoughts were all on the mobile phone company.

…………

…………

A high-end office building in Beijing.

A round-faced suit man in his thirties, wearing glasses, opened the door and walked into an office, angrily said: "Beipeng, there is bad news!"

"What's wrong?"

Shen Beipeng turned his eyes away from the computer and turned to his partner Zhang Fan.

Zhang Fan graduated from Tsinghua University in computer science and technology, and also received an MBA degree from Stanford. During his tenure at DFJ, he led investments in Baidu, Kongkong and Focus Media, and is well-known in the Chinese venture capital industry.

He and Shen Beipeng are the founding partners of Sequoia China, that is, the real bosses.

Zhang Fan said with a sullen face, "AutoNavi has accepted the investment from Envision Capital."

Hearing this sentence, Shen Beipeng lost his composure instantly, stood up and asked, "When did it happen?"

"Just the last few days!"

Shen Beipeng's complexion kept changing, and they, Sequoia, had fallen in love with AutoNavi for a long time.

It's just that the bid is a bit big, tens of millions of dollars will be invested at one time, and the valuation is somewhat difficult to negotiate, so Sequoia has been letting Chen Congwu's team hang out.

It can be left to dry, but it does not mean not to vote.

Envision Capital cut off their beards at once, which is no less than snatching their lunch, how can it not make people feel angry.

Shen Beipeng suppressed the anger in his heart and asked, "How much did they invest in Gaode?"

Zhang Fan shook his head, "Chen Congwu was very cautious. He only said that he signed an investment agreement with Vision Capital, and did not disclose anything else."

Shen Beipeng murmured: "There are tens of millions of dollars, and they invested in such a hurry? Aren't they afraid of losing their investment?"

Zhang Fan spread out his hands, "Who knows, it's not like you don't know how rich Xia Jingxing is."

Hearing this, Shen Beipeng shook his head and laughed, "It's true that he has a lot of money, but the stall is also very large. The Jingzhe Fund only has 200 million US dollars, and our Sequoia China Phase I Fund is 4 million more than them, with 204 million US dollars. .

This is not an industry that is more than money, it is this. "

Shen Beipeng pointed to his eyes, and then said lightly: "Let him be arrogant, let's see how long he can be arrogant, investing in Penguin lost 1.2 billion Hong Kong dollars, and it is almost becoming a joke in the investment circle."

Hearing this, Zhang Fan couldn't help showing a smile on his face that was originally stern because of his displeasure, "That's value investing, you don't understand."

Shen Beipeng was very cooperative and nodded: "That's right, people of our status can't understand it!"

"Tell me, is Xia Jingxing targeting us on purpose?" Zhang Fan asked.

Shen Beipeng thought for a while, then nodded, "There is such a possibility."

"He's a little unreasonable. It's not that we forced Kong Wei and the others with guns."

Shen Beipeng waved his hand and said with a smile: "You are too young, it's normal to be a little bit angry, let him go."

"That's all?" Zhang Fan was puzzled.

"Otherwise, you still want to take it back?"

Shen Beipeng shook his head, "They all open their doors to do business, making money through harmony."

Shen Beipeng was a little angry when he first heard the news that AutoNavi was intercepted, but now he has thought about it, and there is no need to compete with a young man.

Because when it comes to competition, if young people foolishly throw money around and cut off their beards, it will be difficult to carry out the work.

It wasn't that he was afraid of Xia Jingxing, but that he was worried that it would cause a lot of trouble for nothing.

How old is Zhang Fan, and he can't swallow this breath. He said angrily: "If we let it go like this, others will think that we are afraid of them if they don't know about Envision Capital!"

Shen Beipeng thought for a moment, then shook his head, "Forget it! We also violated a bit of an industry taboo about Dianping. Now that everyone is even, let's stop here!"

Zhang Fan was still a little uncomfortable. Shen Beipeng was an entrepreneur before, and he held shares in the listed company Ctrip, so he had long been free of wealth.

People who have enjoyed wealth, flowers, and applause don't care so much about fame and wealth.

But he is not the same, has been engaged in the profession is venture capital.

He used to work for DFJ, but now Sequoia China is his own business and the place where his dreams set sail. Whether he succeeds or not depends on his future reputation and wealth.

In China's venture capital circle, he is not the most famous or the top one, but he must be the first few.

But now a fledgling boy came to give him eye drops, telling him how to bear it.

Xia Jingxing was rich, but he thought it was stupid money and cast the net randomly.

He had inquired about Frame Media, and it was Chen Hong who brought Xia Jingxing into the car, not that Xia Jingxing had a good eye.

Skyp, he thought, was more of a piece of shit luck.

Now that you invest in Penguin, you can directly see what the quality of the so-called investment myth is.

Dear, click to enter and give a good review. The higher the score, the faster the update. It is said that those who gave the new full score found a beautiful wife in the end! The new version of the mobile station upgrade address:, data and bookmarks are synchronized with the computer station, no ads Fresh reading!