American Fortune Life

The measurability of the IT industry is very large, it is a perfect data model, capital investment will be immediate, and there are still many new areas to be developed, making the return very high.

This is also the main reason why Andy's investment target in Rabbit Country is basically a company in the IT industry.

Of course, there is another very important reason, because Internet companies in the country of rabbits use a VIE structure, the so-called protocol control, to avoid some censorship systems in the country of rabbits and adopt foreign listing There is a way to raise funds to grow and develop, and this method is quite six, and the regulators also allow it by default.

Among the more than 200 companies listed on the New York Stock Exchange and Nasdaq, 95 companies use the VIE structure. The VIE structure is almost standard. This shareholding method first came from a certain wave that was listed in the United States in 2000. Since then, New Oriental, a certain degree, etc. have raised funds from international investors in this way. Most of these companies are registered in the Cayman Islands.

In fact, a U.S. analysis agency has long warned that the so-called protocol control of the existing VIE structure of Internet companies listed overseas in Tuguo is a "complex and high-risk combination of legal arrangements" that may damage the interests of investors.

When Ali chose to delist from the Pearl of the Orient by privatization, and wanted to use this method to list on the Pearl of the Orient, because Hang Seng, which had suffered a loss once, rejected Ali's request, so it was the next best choice. In order to be listed on the New York Stock Exchange, don’t think that Ali really wants to go public in a foreign country. Ali will face more doubts on other people’s sites, and needs to be more responsible to investors, and some things need to be more transparent.

It's not that these companies don't want to go public in China. The main reason is that they have their own problems. It is difficult for them to pass the domestic listing requirements. They also want to shorten the time to go to market. They improved and invented a model to bypass foreign listing and shorten the listing process. After all, for Internet companies, time is life, and there is a huge difference between listing one year earlier and listing one year later. The advantages of time and capital often lead to the winners of the leader, and a later listing may mean The industry seats are re-arranged, and there are real cases such as YOUKU video, which was listed first by a rising star, annexed the big brother Tudou video, which was not listed.

Qihoo 361, YOUKU, Tudou, Dangdang and the online game company Changyou invested by Andy Fengyun Capital will accelerate their expansion along the lines of such so-called successful cases, speculate on concepts, and then detour through foreign listings for financing in order to seek funds. The enterprise grows bigger.

And what Andy has to do is to take as many shares as possible, help them to be listed on the New York Stock Exchange, cash out, and get rich returns.

Don't think that Andy is the biggest beneficiary. In fact, these listed companies are the biggest beneficiaries. There is no doubt that the people of Rabbit Country are smart. They use this method to list their immature companies in foreign countries. A circle of money from foreign investors, developing companies,

If the stock price is high, they will also choose to cash out, because they still have the final say on the company. When the heat is over and the stock price becomes rubbish, they are privatizing and choosing to delist. It has developed, matured, and basically met the conditions for domestic listing, so they will fight back. . .

smart?

Yes, very smart, so smart that people have nothing to say! As for what to pay, hehe, honesty is overdrawn! Of course, companies that have made a lot of money will not care about latecomers.

From the afternoon when he first arrived in the capital, Andy began to meet with these future Rabbit Country IT masters in the conference room of Fengyun Capital. Asking if there is any difficulty that he can help, it is simply treating himself as a nanny.

At the beginning, Fengyun Capital's appearance was not noticed by anyone in the venture capital circle of the capital, but in just a few months, 100 million U.S. dollars was thrown out, and some well-informed people learned that the head of Fengyun Capital is not only a The returnee beauty is also the representative of Ali's largest individual shareholder, and now Ali is no longer a small website selling counterfeit goods. In addition, several companies invested by Li Xiaoying really have great potential. In this case, Fengyun Capital can be regarded as With some fame in the venture capital and IT industry, it is no longer a small family of cats and dogs.

Sending away the founder of Dangdang.com, Li Guoqiang, Andy can finally take a rest. It has been 24 hours since the meeting yesterday afternoon. Excluding the time for eating and sleeping, Andy has almost packed his schedule. That's right, there's another Changyou boss who I haven't seen. To be honest, neither side wants to neglect the other. One is a big money maker, and the other is a dreamer who helps him make money. The batch of bigwigs in the IT industry are more eloquent than one another, let alone whether the plan they said can be realized in the end, in short, they will draw a big cake for Andy, so that investors can rest assured, and the various financial reports are also very detailed. .

"Where's you Mr. Li?" Andy moved his neck, tilted left and right, his neck made a clicking sound, and asked a man and a woman behind him without turning his head.

"Boss, Mr. Li is meeting someone who is looking for investment."

"Oh? Which room is it in? Let's go and have a look." Andy raised a little interest in this, he wanted to see what kind of project came to the door automatically. However, this kind of automatic door-to-door project is probably not something serious. . .

Came to a glass window of a blue door, Andy looked into the room with his head, a middle-aged man with short shaved hair and glasses came and sat opposite Li Xiaoying. Record carefully.

"I saw on your resume that you worked in Ali and that you were in the initial stage of starting a business. Some of your ideas shocked a certain newspaper..." Li Xiaoying looked down at the other party's profile for his focus and expression, and she couldn't help but rant. .

"There are three kinds of people in Ali. One is bumpkins like Lu Zhaoxi and me, who came from guerrillas; the other is returnees; the third is professional managers. I think it is difficult to develop in Ali with my qualifications. , So finally left Ali.

"At that time, my immediate boss was Xie Shihuang. Just kidding, he was the founder, and I couldn't replace him..."

Li Xiaoying and Andy, who was eavesdropping outside the door, had a good impression of this man named Zhang Dou, "Tell me about your project idea."

Hearing Li Xiaoying's question, he couldn't help but introduce Qi.

"My idea is to set up a company with high-definition MVs, starting from charts, on a video site similar to Billboard, called Yinyuetai, and the market that Yinyuetai is targeting is blank and relatively barren.

For so many years, there is indeed no authoritative announcement video website in China, and fans have a strong sense of identity and hope to make their idols get a higher position by ranking on the list; The company left and formed independent studios. But it often ends in failure. People who understand music don't understand business. "

"Maybe only 10% of artists account for 90% of the resources and sales revenue in this market. So what artists lack now is not traffic, but personalized services to satisfy fans." Zhang Dou submitted the materials he had prepared to Li Xiaoying, "The goal of Yinyuetai is to target these 10% of artists and provide them with commercial realization plans, because fans will be willing to consume products with emotional premiums."

"Hehe." Li Xiaoying smiled noncommittally, her beautiful eyes radiated a bright light, and said lightly: "With the current national conditions of the Rabbit Country, many foreign media regard this place as a desert of copyright. Many musicians have changed careers and stopped making music.”

"Only after the per capita GDP breaks through 10,000 US dollars, the cultural and creative industry will have the most basic development potential, which is the case all over the world. Countries will pay attention to copyright issues sooner or later. It is not difficult for the government to solve this problem. After waking up, everyone realizes, wow, it costs money to listen to music. This is nothing new in Rabbit Country. Moreover, it’s not that there is no market. The current music industry in Rabbit Country is a transition from an idol to an artist. And Plenty of stick music is popular among young people.

Yinyuetai has a ranking project to attract fans by making rankings. For fans, ranking is more like a carnival for insiders. The list has almost no reference value for outsiders like you and me, but every player who is well versed in the economics of fans cannot ignore the blank market for the list! Fan charts, albums, concerts and peripherals, all services around idols are naturally paid for by fans. "

The eloquent Zhang Dou didn't realize that Li Xiaoying, who was squinting and looking at the door behind him, nodded slightly, brushed her drooping hair, and asked, "How much venture capital do you want to get? How many shares can you pay?"

"2 million US dollars, 30% of the shares... Please don't rush to refuse, it is indeed a big market of tens of billions of dollars, no one opposes this view, but everyone does not know where the method is. You ask me now, I don't know yet, but I can try."

"Crack——"

"Okay, I'll give you $3 million, but I want 40% of the shares!" Andy pushed the door open with a smile and walked in.

Zhang Dou looked at Andy, a young and handsome foreigner who spoke fluent Mandarin, in a daze, and then looked at Li Xiaoying, who had already stood up from their positions. He stood up and shook hands with Andy, who smiled and held out his hand.

"My name is Andy Smith, your project is very good, I am very interested."