My 1999
Chapter 924 New York Office
Chu Gang thought for a moment and apologized sincerely.
"Mr. Xu, it's my fault. I didn't study and analyze seriously, and I kept leveraging on a wrong goal. If you hadn't woken me up, I would have almost caused a major loss to the company."
Xu Liang sighed in his heart.
Hanhua developed too fast and was too successful, which made many Hanhua executives arrogant.
Especially in the Internet industry, which he thought would have great development in the future, he kept leveraging investment without doing in-depth analysis.
Although most of them succeeded, there were also those like Yahoo that were declining.
According to his original idea, these people should be allowed to fail several times and feel the pain before they learned to change.
But the New York office invested too much money in Yahoo, plus the leverage was close to 600 million US dollars.
If this money was lost, the impact would be too great.
He had to come forward to stop it.
Although he did not interfere with the investment of major studios on the surface, in fact, he would carefully review all the investment portfolios of major studios.
Small mistakes can be allowed, but big mistakes must not be made.
"Old Chu, Yahoo's market value has not collapsed. Strictly speaking, you have not made any mistakes, so I will not punish you. But you should take this incident as a warning.
Any investment target must be carefully investigated and weighed repeatedly.
The use of leverage must be more cautious."
Chu Gang nodded and agreed.
I don't know if it's an illusion, but after this meeting, I always feel that the boss's momentum is stronger.
Inadvertently, a glance made him feel deeply pressured.
"Javid and Chad are not in New York?"
"Javid stays in Washington most of the time, and Chad is mainly responsible for Boston's investment.
Except when the company is in a meeting, they are basically not in New York." Chu Gang said quickly.
When Hanhua established Mars 13 and Mars 14 venture capital funds, their main investment directions were the Washington and Boston markets.
Although it is now merged into the New York office, the offices of these two branches have not been cancelled.
"Mr. Xu, I want to set up another incubator and venture capital fund under the New York office, relying on the educational resources of famous universities such as Columbia University, New York University, and New York Institute of Technology to find more investment opportunities."
"New York has very rich educational resources and is a world-class metropolis. It is reasonable to set up an incubator and investment fund. I agree to this."
"Mr. Xu, thank you for your support for the New York office and me." Chu Gang said hurriedly.
After smiling and nodding, he said meaningfully: "You are the CEO of the New York office, and you also have a share of the income of the No. 1 and No. 2 investment funds."
The managers of New York No. 1 Venture Capital Fund and New York No. 2 Venture Capital Fund are Javid and Chad respectively. The former manages $100 million and the latter manages $500 million.
Chu Gang knew what the boss meant.
"Don't worry, I will unite my colleagues and create more profits for the company."
"You are the head of the New York office. How do you manage it specifically? How do you balance the interests of your subordinates? It is something you should consider. I only look at the results."
"I understand."
"Have you considered the specific personnel list of New York No. 5 Venture Capital Fund, especially the fund manager?" Xu Liang asked.
Chu Gang nodded and handed over a document.
"Liang Jianyu, former senior analyst of Mars No. 2 Investment Fund, PhD in Computer Science from Stanford, has selected 27 startup projects for investment.
Most of them have entered the second round.
There are 11 companies with a valuation of over 100 million.
Two companies, 'Cars.com' and 'OpenTable', have already been listed, and the former's market value has exceeded 1 billion US dollars.
It is the largest automotive vertical website in the United States.
In the three years since joining the company, it has created a return of 982 million US dollars with 43 million US dollars in financing, and this number is still growing.
It is a very excellent senior analyst."
As the world's top venture capital company.
Hanhua's mailbox receives a large number of applications from start-ups every day.
Even if the fund manager works all day, he may not be able to finish reading, let alone inspecting.
Therefore, within Hanhua, each fund is assigned a certain number of analysts according to the amount of funds raised.
These analysts are responsible for the preliminary selection of entrepreneurial projects. In order to avoid mistakes, basically each entrepreneurial project will be cross-examined by three analysts.
These entrepreneurial projects that have been reviewed.
Will enter Hanhua's entrepreneurial incubator.
Of course, if an analyst thinks that a project is valuable and worth investing.
Then he can use his own $500,000 or 4 million Chinese yuan to make an angel round investment.
Senior analysts have up to $10 million in funds at their disposal.
They have the right to invest in angel rounds and rounds A.
If a senior analyst has a positive return on investment for three consecutive years, he can apply to establish a venture capital fund that he is responsible for and become a fund manager.
At Hanhua, fund managers are responsible for investments in rounds B, C and Pe.
This mechanism not only gives young investment elites the opportunity to display their talents, cultivates talents, but also improves investment efficiency.
Xu Liang looked at the information he handed over and put it aside with a smile.
"Liang Jianyu is Junrui's top general. Would he be willing to give it to you?"
"Of course, Lao Lin is reluctant to leave, but his Silicon Valley office is also going to set up a private equity fund, and it also lacks an experienced person in charge, so I plan to exchange Xiao Lin with him."
"You are willing to do so." Xu Liang said with a smile.
Before the New York office was established, Lin Xiaofeng was Chu Gang's deputy.
After Chu Gang raised $1.5 billion and established the White Tiger No. 2 private equity fund, Lin Xiaofeng became the actual person in charge of White Tiger No. 1.
For Chu Gang, Lin Xiaofeng is his right-hand man.
"I am also reluctant to leave Lao Lin, but there is no way. The only person I like and feel at ease with is Liang Jianyu, so I can only exchange him."
Xu Liang nodded.
As long as the personnel flow between the two offices does not violate the principles, he will not object.
And it is indeed the best choice.
Boom...
A thunder suddenly sounded outside the window.
Xu Liang looked over subconsciously.
The wind was blowing in the overcast sky, indicating that a rainstorm was coming.
Noticing his eyes, Chu Gang smiled.
"It is the season of frequent Atlantic hurricanes, and New York is also cloudy and rainy. The weather forecast says that it will rain in the next week, and there will be heavy rain today and tomorrow."
Xu Liang nodded slightly, stood up and walked to the window, folded his arms and stared at the dark sky outside with lightning and thunder, frowning slightly, always feeling as if he had forgotten something.
He pondered for a long time, but did not gain anything.
He shook his head.
"Let's go, take me around the company."
"Okay."
When Xu Liang left Hanhua's New York office, bean-sized raindrops had already fallen.
It turned into a heavy rain in a very short time.
"Brother Liang, it looks like we can't go to Silicon Valley in the afternoon." Huo Gang said.
Xu Liang nodded, "Let the convoy pull over and wait until the rain is lighter before going."
Driving in heavy rain, you can't see the road ahead clearly, and the ground is slippery, which is very dangerous.
If it is a danger caused by the natural environment, it's fine, but I'm afraid someone will take the opportunity to cause trouble.
So he would rather be careful and not give people with ulterior motives a chance.
Huo Gang hurried to make a phone call.
Soon five Maybachs stopped by the roadside.
Xu Liang sat on the backrest of the car and closed his eyes to rest.
The rolling rain outside hit the car body like thunder.
However, Xu Liang not only did not feel irritated, but felt particularly calm in his heart.
The thunderstorm came quickly and went away quickly.
In just over ten minutes, the heavy rain turned into a drizzle.
The convoy set off again and soon arrived at the mansion in the Upper East Side.
"Mr. Xu."
Looking at the beauty who came up, Xu Liang stepped forward and held her jade hand.
"Why didn't you rest in the room for a while?"
Lu Hui, with a shy look on her pretty face, subconsciously clamped her legs.
"It doesn't hurt so much after applying the medicine."
Xu Liang smiled, reached out and hugged her slender waist, and hugged her directly.
"Your words don't count, I need to check it carefully."
The pretty face of the beauty turned red.
With so many people watching and Xu Liang's words being so explicit, she, a young girl who had just transformed herself, felt very shy.
Ding-ling-ling...
The sudden ringing of the phone interrupted Xu Liang's pursuit of beauty.
"Xu... Mr. Xu, phone call."
The beauty reminded shyly.
Xu Liang hugged her and sat down on the sofa next to him.
Not many people could call him directly on his private mobile phone.
He took out his phone and checked the caller ID.
He pressed the answer button.
"Dear Xu, I heard you came to New York?"
The voice of a middle-aged man came over.
"James, I just arrived last night, and you found out today? Why are you so concerned about me?"
"Xu, the acquisition of Vivendi Group is such a big deal, who in the global business community would not pay attention to it? You, the behind-the-scenes operator, are now famous. I don't know how many people are paying attention to your behavior, and I am just one of them."
"Okay. So you called me just to congratulate me on coming to the United States again?"
"We have been good friends for many years. You are in New York, and it is reasonable to do the hospitality of the host. And it's not just me, Lloyd also wants to see you."
The only person who can be called by Morgan Stanley CEO James Gorman is Goldman Sachs' newly appointed CEO Lloyd Blankfein.
Xu Liang thought for a moment, "When?"
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