hollywood entertainment mogul

JP Morgan is a comprehensive financial company that mainly provides commercial banking, investment banking and various other financial services.

This company is one of the oldest and largest financial services groups in the world.

JP Morgan was originally a financing company. In the early 20th century, it specialized in providing financing services for the development of large industrial companies such as U.S. Steel Company, General Electric Company, American Telegraph and Telephone Company, and the railroad industry.

In 1959, JP Morgan merged with the New York Guaranty Trust Company to form Morgan Bank of America.

Morgan Futures was established in 1981.

Morgan Securities was established in 1986.

In 1989, among the top 500 large companies with the largest assets in the United States selected by the financial magazine Fortune, J.P. Morgan ranked 54th.

By 2000, JPMorgan completed its merger with Chase Bank and Fulinming Group, becoming a financial industry giant.

The organizer of this investor reception is Morgan Social Development Company, which is mainly responsible for investment and financing.

The people invited were mainly Morgan's senior clients in the Los Angeles area.

There are politicians, real estate developers, energy company shareholders, technology company shareholders, film company owners, celebrity actors, basketball stars, etc.

The latter three categories belong to the distinctive wealthy people in the Los Angeles area.

Among the more famous ones are Los Angeles Mayor Tom Bradley, Los Angeles real estate developer Stephen Ross, Sequoia Capital’s Donal Valentine, Andrew Getty of the Getty family, basketball star Magic Johnson, and movie stars

Schwarzenegger, Michelle Pfeiffer, famous director Spielberg, famous producer Harvey Weinstein and so on.

They are all local celebrities in Los Angeles.

Therefore, Lauren Tynes said that even if he did not encounter a suitable investment project at the cocktail party, it would still be an opportunity for him to expand his network. If he could get to know a few more wealthy people and enter their circle, it would also be a great opportunity.

reward.

He also said that sometimes it is not terrible for a person to be poor. What is terrible is that the social circle is full of poor people, and the same is true for rich people. The circle often determines the height.

"You are right. For a person who wants to get rich, this kind of circle is very important. But my desire to get rich is not urgent. Compared with participating in such high-end parties, I prefer to stay in the bar and face all kinds of people.

Different guests make different cocktails.”

"The two are not contradictory. Even a king must have three peasant friends. Why can't you have two circles?"

"Who said this?"

Duka raised his eyebrows.

"Maybe it's Shakespeare, maybe it's Dickens. Anyway, I think there's no harm in getting in touch with a few more circles."

Lauren shrugged.

"That makes sense!"

Under Lauren's introduction, he met several celebrities. During the introduction, Lauren said that he was the founder of Sagittarius Venture Capital Company - the name of this company was temporarily made up by the two, mainly for

To deal with the dilemma of not having any official title.

"Mr. King, I heard that you are from Texas. Do you know Congressman Ross Kyle King?"

Los Angeles Mayor Bradley asked.

"I don't know him. I don't pay much attention to politics."

Duca shrugged.

"Oh~"

Mayor Bradley nodded, chatted casually, and chatted with other people. The mayor is a black politician, good at communication, and one of the most active people at the reception.

"Duka, do you want champagne?"

Sharon Stone asked from the side.

"Thanks!"

Duca took the champagne glass and asked the waiter to add another glass.

"You don't seem to like this kind of social interaction."

Sharon Stone asked with a smile, holding a wine glass in her left hand and placing her right hand in front of her lower abdomen, which highlighted her plump breasts and slender waist, and her posture was more sultry.

Duka smiled and said, "Yes, you also know that I am a nouveau riche, and I rarely attended such drinking parties before."

"Haha, it doesn't matter. Now that you have joined this circle, you will definitely become more and more accustomed to it in the future."

"Maybe."

"Duka, Mr. Schwarzenegger is over there. I have worked with him. Do you want to get to know him?"

Sharon Stone asked, pointing to the more conspicuous strong man in the crowd.

Duka took a look and saw that Schwarzenegger was quite busy around him. Apart from a few billionaires, the circle around him was the busiest, and most of them were celebrities and famous directors.

"I think they and I have nothing in common, Sharon, you can do whatever you want, you don't have to stay with me."

"Then I'll go say hello."

Sharon smiled slightly and walked over holding the wine glass.

Duca held the wine glass and looked at her swaying waist and hips. Under the long skirt, she looked like a plump jellybean. She was a hot woman.

After walking a few steps, Sharon Stone suddenly turned around and smiled.

Duka smiled while holding up his wine glass and walked to the side circle.

The central figure in this circle is Donald Valentine, a famous investor from Sequoia Capital. His most famous operation is his investment in the future network equipment overlord, Cisco Systems, in 1988.

Cisco is currently a company that develops networking equipment, that is, routers, which integrate incompatible computer LANs to form a unified network.

The founders of the company are Mr. and Mrs. Bosak, both professors at Stanford University. They founded Cisco in 1984. In 1988, the company's development encountered a bottleneck and required financial support.

In 1988, Sequoia Capital, represented by Donald Valentine, invested US$2.5 million to acquire a majority of Cisco's shares and served as the company's chairman. Cisco's development entered the fast lane.

Cisco was listed on Nasdaq in February this year, with a market value of US$224 million.

Donal Valentine's investment of US$2.5 million has increased dozens of times in two years and has become a legend in the industry.

This man is worth a lot of money and has a precise investment vision, and he has become the target of many investors.

Duca listened to a few words from the outside, and the other party said that Cisco's internal shareholders have recently changed, and a large number of shares will be traded. People who are interested in Cisco shares can invest. Retail investors are not accepted, and each share must be at least 1 million US dollars.

Duca was a little excited. Cisco has only just gone public with a market value of around US$300 million. But 10 years later, on the eve of the Internet bubble, Cisco's market value reached more than US$550 billion, surpassing Microsoft for the first time and becoming the company with the highest market value in the world.

This news was very popular at the time. Even he, a military fan, had seen this news many times in magazines.

If you invest 1 million now, you will get 50 times the profit in 10 years, if not 100 times.

It can be said that it is very suitable for investment.

He watched from the outside for a while and found that many people were just asking or asking Valentin about other investment projects, and did not have a positive attitude towards investing in Cisco.

He asked the person next to him. This person's surname was Getty, and he was Andrew Getty, the great-grandson of the famous oil tycoon Paul Getty.

The most famous thing about their family is that his cousin Paul III was kidnapped in 1976. The robbers demanded a ransom of 17 million from his richest grandfather, Paul Getty, but Paul Getty refused, causing Paul III to have one ear cut off.

The incident caused a sensation and was later made into the movie "Empire of Money".

Andrew Getty smoked a cigarette and said that there is more than one router equipment company, competition is fierce, and Cisco's products are relatively single.

Cisco's current market value reaches more than 300 million, with limited future growth space and not very great investment potential. Compared with other new Internet technology companies, Cisco has passed its most profitable stage.

Duca nodded slightly, any company will become a giant through a little development. At this stage, Cisco is just a network equipment service provider, and its development speed was not fast before 1995.

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After John Chambers, known as the most powerful CEO on earth, came online in 1995, Cisco gradually became a giant through continuous mergers and acquisitions.

At present, Cisco has potential, but it is not particularly eye-catching, and not everyone can see it. Even if someone sees it, there will not be many people who have confidence and insist on investing, otherwise Cisco's market value will be more than 300 million.

"Duka, are you ready to invest?"

Andrew Getty asked.

Andrew was twenty-three years old and was also a client of Morgan. He had just been introduced by Lauren and his manager, and they barely knew each other.

"Have this idea!"

"How much money do you have? Ten million? Otherwise, if you invest in my hotel project, I guarantee you, you will definitely make more money than investing in Cisco."

Andrew Getty winked and smiled.

"Your oil company sold for 10 billion US dollars, will you be short of money?"

After Getty Sr. passed away, the Getty family didn't know how to run a business, so they sold Getty Oil Company to Degus for 10 billion U.S. dollars in 1986.

"Ten billion sounds like a lot, but we have more family members. Every year, the family trust fund only gives me a few million in pocket money. Every time in the second half of the year, I have to tighten my belt and live. Now I am definitely poorer than you.

"

Andrew Getty said with a pout.

“It’s unimaginable that a person with millions of dollars in pocket money every year would call himself poor?”

Duca smiled.

"What does this mean? I am the one who knows how to live well in our family. One of my cousins ​​spent all his pocket money for the next thirty years last year, and he plans to become a homeless man next time."

Andrew Getty shrugged.

Duca smiled. Legend has it that the family was cursed because Getty Sr. was too stingy. Starting from Getty Sr., many of his descendants died young or died unexpectedly.

The Getty in front of me looks relatively normal, but after a second glance, I know that this guy is a drug addict.

"What do you think?"

Andrew bumped him and asked.

"Where is your hotel?"

"Here for now."

Andrew pointed to his head and said seriously, "If you are willing to invest, our hotel will be ready soon."

"Sounds good, but I'm not interested in investing in industrial projects for the time being."

"It's boring. Just like them, you are also a businessman who only knows how to make money. It's really boring."

Andrew curled his lips.

"That's because we don't have pocket money."

Seeing Lauren coming over, he made a move and decided to finalize the investment in Cisco first.

——