My 1999

After the press conference, Yang Zhiyuan came over.

"Xu Liang, there is a Chinese Mutual Aid Association reception tonight at Isaac Manor. Do you want to join us?"

"Of course I'm interested. But I don't know the specific address of Isaac Manor." Xu Liang said.

In the past, he would have had little interest in these social activities.

But now that I am working at Hanhua Capital, I also need to expand my contacts in the rich circle.

"At six o'clock in the evening, I will go to the hotel where you are staying to find you. We will go together then."

"OK."

Yang Zhiyuan smiled and said, "See you tonight?"

"See you tonight."

After watching him leave, Xu Liang took Lu Hui and others into the car.

"Mr. Xu, where are you going next?"

"I haven't been to Hanhua Silicon Valley Branch in the past few days. It's still early, so let's go there." Xu Liang said.

The car started and slowly arrived at No. 2104 Sand Dune Road in Silicon Valley.

After parking the car and passing the inspection by the security guard at the door, Xu Liang walked into the lobby.

When he arrived in January this year, the still empty lobby on the first floor was already crowded with young and passionate entrepreneurs.

From them, Xu Liang seemed to see himself three years ago.

"You...are you Xu from Hongmeng?"

The excited voice made Xu Liang turn his head subconsciously and see a short and thin white young man with messy short hair looking at him excitedly.

"you know me?"

The white young man came over happily. Huo was just about to stop him, but Xu Liang stopped him.

"Hello, my name is Chris. I am a third-year computer science student at Stanford University. I listened to your wonderful speech at Stanford. God testifies, it gave me very important enlightenment in life."

He spoke very fast. Fortunately, Xu Liang's English speaking skills have improved a lot, otherwise he would not be able to hear clearly.

"Hello, Chris. It's my honor to be able to help you." Xu Liang smiled.

The movement between the two people quickly attracted the attention of everyone around them.

In Hanhua's entrepreneurial incubation center, the person most familiar to entrepreneurs is Xu Liang, the boss of Hanhua and the founder of Hongmeng.

As soon as they saw him, everyone quickly gathered around him.

It quickly became overwhelming.

"Xu, you are my idol."

"Xu Liang, can you invest in the website I developed?"...

They are all young people and do not have much concept of class in their minds. They are very enthusiastic around Xu Liang at this moment.

However, Huo Gang became nervous, fearing that someone was secretly plotting something evil.

"Everyone, be quiet, be quiet."

Xu Liang shouted to suppress everyone's voices.

“I’m glad that you have chosen Hanhua as the place to start your business, and we will do our best to help you start your business.

However, everyone has so many projects that I can’t finish them all today even if I try my best. So I suggest that you make a detailed case of your project and hand it over to the person in charge of the incubator.

In the next few days, I will review your entrepreneurial projects one by one in order and provide opinions.

This is more efficient, what do you think? "

"Everyone, please disperse. Mr. Xu will stay in Silicon Valley for a period of time to comment on your projects, so you don't have to worry, everyone will have a chance."

A young man in a black suit walked slowly through the crowd.

Xu Liang knew each other.

Lin Junrui, general manager of Hanhua Capital's Silicon Valley branch and head of Mars II Fund and Mercury II Fund.

After hearing the noise below, he hurried over.

Fortunately, those who can enter the Hanhua Incubator are highly educated and top talents with good quality.

After the initial excitement of meeting the idol, I politely moved out of the way under the persuasion of Hanhua staff.

Xu Liang walked towards the second floor from the separated crowd.

Seeing him leave, the people below also slowly dispersed.

Come to the second floor.

It's relatively empty here.

Of the 3,000 square meters, less than one-third is used for offices, and the rest is still empty.

"Mr. Xu."

Everyone saw him coming up and greeted him quickly.

Xu Liang smiled and nodded, then came to the office and asked Lin Junrui to sit down.

"You have developed well in the past six months. Now the Mercury Fund has more than 20 projects under its jurisdiction, right?"

"Thanks to your speech at Stanford at the beginning of this year, more than half of Stanford student entrepreneurial projects will now apply for our incubation room. There are many projects, and it is easy to choose.

After more than half a year, Mercury Fund has invested in 27 projects.

Although it was established late, it is not inferior to other famous incubator companies. "

Lin Junrui was happy and looked at Xu Liang with admiration in his eyes.

It was the first time in so many years that he could attract so many people through a speech.

Xu Liang smiled. What he gave in his Stanford speech was full of practical information.

And those who can get into Stanford are also elites.

Combining the two, they can naturally judge the value of their speeches.

However, the speech is just the beginning. Whether you can seize the opportunity to start a business successfully depends on your personal ability.

But for those who have found their entrepreneurial direction through their own speeches, when they are confused, he is definitely the first person they think of and want his help to guide them on the next path.

This is a human instinctive choice.

But this choice led them all to the Mercury Incubator of Hanhua Capital.

This is also the reason why Xu Liang chose to give practical information in his speech.

Of course, another very important reason is that, except for a very few areas, the U.S. Internet market does not intend to develop on its own.

In this case, of course, you must cash in your previous knowledge into investments that can provide benefits to yourself.

"How many more positions can the incubation center provide to outsiders?" Xu Liang continued to ask.

"There are about thirty more available."

“Do I need to purchase a new venue?”

Lin Junrui shook his head and said: "The review threshold for our incubation room is very high. After the peak application period has passed, it now takes an average of half a month for one to move in. So the remaining positions can be used for at least a year.

And some growing companies will move out here and look for new office space.

There is no need to look for a new incubation center for the time being. "

Xu Liang nodded. Now that the Nasdaq crisis has just passed, the second wave of Internet entrepreneurship is far from coming. There is indeed no need to build a new incubator entrepreneurship center.

"Pay attention to changes in the external environment in a timely manner. Don't blindly raise the threshold of the incubator. As long as it meets the standards, it will be absorbed. How much does it cost to rent a space? As long as we win a project, we can make back ten times or a hundred times. Don't lose big because of small things. ." Xu Liang said.

"clear."

Xu Liang nodded and changed the topic, "How is the development of the Mars 2 Fund now?"

"Since this year, we have been investing according to the list you left. Of the 60 million US dollars, except for leaving 10 million for the Mercury Fund to operate the incubator, the rest has been invested."

"How many companies have you invested in?"

"There are currently 19 companies, most of which cost two to three million US dollars. The largest company, Exped Travel, invested five million and got 9% of the equity.

Most of the remaining companies range from 5% to 10%. "

Mars Fund mainly focuses on Series A and Series B, and the initial investment is not large.

But $50 million is still a bit short.

However, unless Hanhua invests its own money, it will be difficult to attract funds from the outside world. After all, the Silicon Valley branch of Hanhua Capital has not yet achieved much success.

"Mr. Xu, it's time for us to raise a new fund. Otherwise, we won't have any money to invest when the incubator's projects mature."

Xu Liang was silent for a moment, "If you raise a new fund, how much money do you expect to raise?"

"I don't know either, but your name is very famous in the financial and Chinese circles. As long as you hold more investment receptions, I believe many people will invest some money and give it a try.

Although each person's investment is not much, the sum added up is not a small amount. Lin Junrui said.

Xu Liang nodded and thought for a moment.

"I'm going to attend a Chinese mutual aid meeting tonight, and there will be many wealthy people there. You go with me. Let's get to know each other first. Then you can call them later and see how much money we can raise."

"OK."

He is also from a Chinese family and is wealthy.

I am no stranger to the Chinese Mutual Aid Association in San Francisco.

"By the way, Mr. Xu, should this new fund have a new name?"

Xu Liang nodded, "It is indeed not easy to mix with old funds."

After pondering for a while.

“Let’s see, the US$50 million invested previously is called ‘Mars 2 Fund A’, and the new fund raised this time is called ‘Mars 2 Fund B’.”

Mars Fund is Hongmeng’s investment brand focusing on the VC field. It currently has four funds: Beijing Fund No. 1, Magic City Fund No. 3, Pengcheng Fund No. 4 and Silicon Valley Fund No. 2.

These four funds will all develop in the form of parent funds.

Let’s jointly shape the VC brand of ‘Mars Fund’.

Under the four major parent funds, each sub-fund is shaped.

Lin Junrui nodded, "Mr. Xu, Silicon Valley is a global innovation center. We at Hanhua Capital already have the Mercury II Fund here for the angel round, the Mars II Fund for the VC field, and we still lack the Jupiter Fund for the PE round. .

So, I applied to set up the Jupiter III Fund in Silicon Valley. "

"What you said does make sense. It is easy to set up a new fund. The key is whether it can raise enough money after it is established."

After saying this, Xu Liang smiled and patted Lin Junrui on the shoulder.