My 1999

After leaving Sina, no, I should say Xu Liangdao after Hongmeng North America Branch.

"Have you contacted Reed Hastings?"

Lu Hui nodded, "He welcomes you to visit the company at any time."

"Red Guard, drive."

Netflix is ​​also headquartered in Silicon Valley, but not in the mainstream Palo Alto, but in Los Gatos at the southern end.

When Xu Liang arrived, Reed Hastings and company executives personally greeted him downstairs.

"We meet again, Mr. Xu."

Holding the right hand extended by the other party, Xu Liang smiled and said: "I have been looking forward to this meeting for a long time."

The two looked at each other and smiled. After Reed Hastings introduced the company executives to him, the group entered the company.

Had a brief visit.

Netflix currently does not have many employees, only more than 100 employees in total.

It is also understandable that the Nasdaq crisis, coupled with the dilemma of still losing money, has left Netflix with no capital to recruit more employees and change to more luxurious and larger office locations.

After a brief look around, Xu Liang came to Reed Hastings' office.

A single room of about 40 square meters, surrounded by tempered glass.

There are several sofas placed next to it to serve as a reception area.

"Sorry, Netflix is ​​still in the development stage, and we don't have much money to spend on office space for the time being."

As he spoke, Reed Hastings handed over a glass of water.

"This is exactly the characteristic of an excellent company. If a company learns to enjoy it without completely turning losses into profits, it will definitely not go far, and I will not invest in it."

Hastings smiled and stopped circling.

"Mr. Xu is very optimistic about our Netflix?"

"Yes. Regarding this, I already made it very clear when we were in the Stanford Auditorium." Xu Liang did not mince words.

After Hastings nodded slightly, "We at Netflix really need financing. I wonder what conditions Mr. Xu is willing to give?"

"The valuation is US$800 million, with Hanhua Capital acquiring 15% of the shares."

Reed Hastings was shocked. They had been contacting venture capital during this period, but due to the double blow of the Nasdaq winter and September 11, the entire venture capital industry seemed very cautious.

Even the most generous Kleiner Perkins Caufield \u0026 Byers and Sequoia only gave them a valuation of $600 million.

And additional additional terms have been added.

If the performance cannot be achieved, double the shares of Kleiner Perkins Caufield \u0026 Byers and Sequoia will be given.

After Reed Hastings pondered for a moment, he shook his head slightly.

"Mr. Xu, you want too many shares. We will give you up to 10% of the shares."

The cash in front of him didn't get to his head.

Although Netflix is ​​not yet profitable, the gap is not huge.

Eighty million dollars is enough.

Leaving more original shares will be more conducive to his control of the company, and the future value will be greater.

"Mr. Hastings, if you agree, we can increase the valuation appropriately."

Xu Liang wanted to get more original stocks, but there was no such store after passing this village.

Reed Hastings felt a movement in his heart, but after hesitating for a while, he still shook his head firmly.

He would rather choose the long term than the present.

Seeing his persistence, Xu Liang didn't force it anymore.

The two parties initialed the agreement, and the next step was to make due diligence.

After leaving Netflix headquarters, the phone in my pocket suddenly rang.

Xu Liang picked it up, looked at it, and pressed the answer button. Jiang Xiaoyang's crisp voice came over.

"You really don't stop anywhere. What's the deal with the Stanford speech?"

"You knew already?"

"Can you not know? It's all spread on the news.

There are phrases such as ‘China’s richest man shines at Stanford’, and phrases like ‘The global Internet should learn to listen to the voice of the East’. What’s even more exaggerated is that newspapers in Hong Kong have described you as ‘the greatest godfather of the Internet era’. It’s simply not too high-profile. "

Xu Liang hates the cold, so this is too cool.

"And not only in Hong Kong, Macao and Taiwan, you are also in the limelight in mainland China. In addition, congratulations, this time you are in the news again, and you were given fifteen seconds.

So, this time you should be famous around the world.

But I'm curious, why do you, a person who doesn't like appearing in front of the media, think of giving a speech at Stanford? "

Xu Liang simply explained the matter and said with a wry smile.

"I met him by chance."

"So that's it. But Xu Liang, I have read the news reports. The four eras and the division of artificial intelligence mentioned in your speech are very reasonable. Although there is a lot of criticism around the world, I suggest that you write a book directly. .

You can use more detailed data to slap those who question you in the face, and you can also use this book to establish your position in the history of the development of the Internet, and even the history of technological development.

At that time, you will be more than just a businessman.

He is also a scholar who writes books and has outstanding talents and extraordinary vision.

The influence and status are far beyond those of a simple businessman. "

Hearing this, Xu Liang felt a little moved.

But his own family knew about his family affairs, and what he said was just a simple retelling based on the memory of his previous life.

If you want to write a book, you also need a lot of detailed data and convincing cases.

He really didn't have much confidence.

"I'll think about it. By the way, how's the fund raising going?"

"Qinglong Fund has been the smoothest. The funds raised so far have exceeded US$1.2 billion. According to the current development trend, it can exceed US$1.5 billion before the end of the year."

Although it is announced that the amount of funds raised by Qinglong Fund is US$1 billion, everyone is so enthusiastic that there is no problem in increasing it appropriately.

"It's much faster than I expected." Xu Liang said.

"With such a high return on investment, who would miss it as long as they are not stupid?"

After Xu Liang nodded, "Who voted the most?"

"The taller one."

"he?"

Jiang Xiaoyang responded, "I thought Fourth Uncle Li would vote the most, but I didn't expect that he would still fall behind Richest Man Li."

"How much money did Lao Li invest?"

"One hundred million dollars."

"It's indeed a lot." Xu Liang said.

Lao Li has always been a pure businessman.

He has a natural agility and is always able to keenly sense opportunities to make money and make heavy bets.

Husky Energy more than ten years ago and the real estate sale more than ten years later are all clear evidence.

However, Lao Li's bets were all on real industries, and he was a little surprised that he was betting heavily on finance.

"The fund will be closed after raising $1.5 billion, so there is no need to wait any longer."

"Um."

"Where is the Xuanwu Fund?" Xu Liang asked.

"Xuanwu Fund is relatively small and has raised US$270 million so far. Except for some Wall Street institutions, Hong Kong's wealthy people only invested a little as a courtesy."

More than half of the ten richest people in Xiangjiang made their fortune from real estate. They have more experience in real estate operations than Xu Liang, so they can invest in the mainland themselves.

Therefore, I don’t care at all about Xuanwu Fund, which focuses on real estate.

In contrast, Wall Street does not look down upon the mainland, but it is not much stronger. Instead, it has invested a lot of money in it.

"Xu Liang, Xuanwu Fund probably has little chance in Xiangjiang, so I plan to hold a few investment receptions in the country. I believe that your reputation as the richest man can attract a lot of funds."

"You, you know how to plot against me." Xu Liang said with a smile.

"I call this the rational use of resources."

"If you want to make reasonable use of it, you can open branches in Japan, Singapore and South Korea. My reputation there is not low. I believe I can raise a lot of money."

"I want to do it too, but I can't find the right people for the time being. Let's make preparations later."

Xu Liang nodded, "How much money has the Phoenix Fund raised?"

"In addition to your $300 million, we raised $190 million this time."

"It's much better than I expected." Xu Liang said.

“Thanks to the Jianlibao case, investors have given us confidence.”

Jianlibao's equity remains in Hongyan Fund and has not entered Hanhua with the business merger.

But this case has proved Hanhua’s strength in mergers and acquisitions.

"Who are you going to put in charge of Phoenix Fund?" Xu Liang asked

"How is Zhao Xun?"

"He can't do it. Lao Zhao is more than a man of success, but not enough of a pioneer. The reason why I let him serve as the general manager of Xiangjiang Hongyan was because I was responsible for the specific investment, and Sun Zhenping was responsible for the operation. He only needs to be responsible for operations.

Phoenix Fund, although we have defined a rough investment scope, has huge funds, many investment companies, and high requirements for business capabilities, so it is not suitable. "

"Do you have the right person?"

"Let Liao Yan do it. He has done a good job in acquiring Jianlibao and has experience. He is the most suitable to take charge of Phoenix Fund." Xu Liang said.

Jiang Xiaoyang didn't object either.

"One more thing, I plan to set up the Jupiter 2 Fund." Jiang Xiaoyang continued.

Xu Liang agreed.

This is something the two of them have negotiated long ago.

After all, he is not planning to sell the investment of Jupiter No. 1 Fund, whether it is shares of Penguin or Alibaba, in a short time.

And it's not a particularly valuable company, and he's not prepared to invest in it.

Therefore, the investment scope of Jupiter 1 Fund is naturally limited.

Hanhua needs a PE fund that can invest in late-stage companies.

"Have you found the right candidate?" Xu Liang asked.

"Um."

"who?"

"Zhiping Liu, COO of Goldman Sachs' Asia Investment Banking Group's Telecommunications, Media and Technology Industry Group."

Xu Liang was stunned when he heard this.

This is the chief strategic investment officer of Penguin in later generations. He is responsible for corporate strategy, investment, mergers and acquisitions and investor relations, and is the second-largest person after Bonima.

Penguin's repeated success in mergers and acquisitions in later generations has a lot to do with Tencent's own investment strategy and this person.

"I do know this person." Xu Liang said.

After Hongyan Fund established a consulting department, the human resources agency it cooperated with recommended many elites to them, including Liu Zhiping.

"You also know?" Jiang Xiaoyang asked curiously.

"Yeah. Do you know about the reorganization of Guangdong Group?"

"Isn't this what happened last year? Of course I know." Xu Liang said.

The "Guangdong Reorganization" that started during the Asian financial crisis in 1998 is the largest reorganization case of my country's state-owned enterprises to date.