My Age of Investment

When Fu Jixun asked, Chen Hong was stunned for a moment, and then both of them looked at Xia Jingxing together.

"No no no~"

Xia Jingxing waved his hands, and even said a few words.

Then he laughed dumbly and said, "I'm just giving an example. The investment direction and post-investment management are more about industrial synergy, not consortiums or trusts.

Besides, what era is it now? That set of models was fine in the last century, but now it is the new century, those models have long been outdated and will not work. "

Hearing what Xia Jingxing said, Fu Jixun dispelled a lot of doubts.

Then he laughed too, it was true that he thought too much.

Besides, he knows exactly what country the Rabbit Country is.

"My idea is to establish a few industries with more potential, hold a core company, invest in the upstream and downstream of the core company, and eat up the dividends of an industry.

My purpose is not to rely on monopoly to grab profits. Earning future industry dividends is one, and ensuring the smooth growth of core enterprises is the second.

In short, money must be made, but besides making money, there are other incidental pursuits. "

"Isn't that industrial capital?" Fu Jixun asked.

Xia Jingxing nodded, "Yes, but the definition of industrial capital is too narrow, because it is only a part of vision capital.

Isn't it good for short-term money-making projects like Skype and Frame Media? You have to vote if you should vote! "

Fu Jixun immediately understood, and he asked again: "Those core enterprises are the targets of long-term operation. If they encounter growth bottlenecks or go downhill, will they be sold?"

Fu Jixun is more concerned about this issue, because in the eyes of ordinary financial capital, there is nothing that cannot be sold.

As long as selling is more beneficial from the perspective of financial return than continuing to operate, then sell.

"Then find a way to break through the bottleneck, or transform!"

When money reaches a certain level, it is basically a number. Xia Jingxing also has a higher spiritual pursuit, which is to help the domestic technology industry take off, and to be a real entrepreneur, not a pure businessman.

He's not kidding,

Instead, I intend to lead by example, create a few brands by myself, and play a leading and exemplary role.

The reason why he is still desperately making money is that he has not yet achieved "financial freedom", and Tesla, mobile phone companies, and Android are still waiting to be fed.

When the day when the various pillar industries are completely independent of external blood transfusions, he may not be so desperate for money as he is now.

Fu Jixun smiled and said, "Is this also the characteristic of Vision Capital?"

Xia Jingxing replied calmly: "Unlike ordinary financial capital, if Vision Capital's assets really reach a certain level and some losses are no longer a concern, it may do something that will make people's eyes drop."

Fu Jixun laughed, "Our leader in Singapore once said that Li Jiacheng is a businessman through and through.

And Mr. Xia, if you reach his level, maybe you will make some different choices? "

"It's not a good thing to bring money into the coffin, or to leave too much money for future generations.

My spiritual core is a traditional Chinese, who pays attention to the geese leaving their voices and the people leaving their names. "

When talking about Li Jiacheng, Xia Jingxing looked disdainful.

Today, Li Jiacheng is still regarded as a guest of honor in various ways in the mainland, including his remarks, which are regarded as a standard by entrepreneurs and ordinary people.

Niu Gengsheng, an entrepreneur student from Cheung Kong Graduate School of Business, was received by Li Jiacheng for three hours, and was so excited that he couldn't sleep all night.

Fu Jixun smiled and said, "I have one last question. Do most of Vision Capital's funds come from yourself?"

The reason why Fu Jixun asked this question was that through chatting, it was easy to deduce which investor would be so frivolously messed up by the fund manager.

Only one's own money can be so willful.

The reason why the other party didn't turn it into a family office was to show that it was entirely his own property, but was approved by a fund. Fu Jixun guessed that this person was probably keeping a low profile and didn't want to attract attention.

Fu Jixun was not yet a member of the Vision Capital team, so Xia Jingxing didn't tell the truth, but replied ambiguously: "A large part of it, we can decide the investment field, exit time, etc. by ourselves, it's very free."

Although it was still vague, this was already the answer Fu Jixun wanted.

He stood up, smiled and stretched out his hand to Xia Jingxing, "Mr. Xia, I am willing to join Vision Capital, and together we will be a unique and pursuing investment institution."

Xia Jingxing held the other party's hand and said with a smile, "You are welcome to join."

Although a verbal agreement has been reached, there are still details such as position and salary that need to be discussed.

The other party didn't mention it, but Xia Jingxing had to mention it, maybe the other party would wait for him to speak again.

Before the other party came to meet, Chen Hong had already inquired clearly.

As a partner of DFJ China Fund, Fu Jixun not only has a basic annual salary, but also project bonuses, which is the fund's profit share.

20% of the fund's profit part belongs to the investment institution, and the fund manager/partner takes a few points to twenty points from the part of the investment institution's profit.

DFJ originally offered Fu Jixun 10 points as a commission, but because of his contribution to investing in Baidu, it rose to 15 points.

Xia Jingxing directly raised the other party to twenty points, that is, after deducting the management fee of a fund, the net profit is multiplied by 20%, and then multiplied by 20%, which is four points.

Taking into account the existence of management fees, it is actually lower than four points.

It may not seem high, but if you can operate a 200 million US dollar Jingzhe Fund, it will become 1 billion US dollars within five years, with a net profit of 800 million US dollars. After deducting the 2% annual management fee, Fu Jixun can personally distribute dividends of 31.2 million US dollars.

Even if the timeline is extended to five years, the average annual income is more than 6 million US dollars, not including the basic salary. The well-paid family is better than the boss of the small and medium-sized enterprise, and there is no need to worry about personal bankruptcy, debt problems, etc.

Wall Street is often exposed as a fund manager with an annual income of hundreds of millions of dollars. It may be that he helped his own institution earn one billion dollars and helped investors earn four billion dollars.

In addition, almost all of the 2% management fee collected by the fund every year is used for the investment manager's first-class travel, five-star hotels, etc. expenses.

In terms of work benefits, top financial practitioners definitely overlook many other industries.

The reason for such extravagance, on the one hand, is to pay less tax, so that the money can be spent cleanly;

In fact, if only management fees are collected, the fund will not make a profit and will not get a share of the profit, so the investment institution will not be able to continue to operate, because the income and expenditure cannot be balanced.

The scale of private equity funds is small, so the management fee is not much, while public equity funds/US mutual funds with a scale of hundreds of billions of dollars can't starve to death for a whole year, because the management fee alone is exaggerated.

Under this mode of operation, if the investment manager/partner of a private equity fund wants to make a lot of money, they have to work hard to make the fund profitable, and the more profitable the better, so that the investment institution will also make money, and the investors behind it will also make money. Then count the tickets.

Everyone is happy!

In addition to appointing Fu Jixun as the partner of Jingzhe Fund, Xia Jingxing also gave him the title of managing director of Vision Capital China.

It can be understood that one is the actual position and the other is the military rank.

Fu Jixun was very satisfied with the position and salary offered by Xia Jingxing.

In fact, the position is only a flat transfer, and the salary has been raised by one-third.

What he values ​​more is the platform, a platform that is more conducive to the display of talents.

De Fengjie's foreigners don't trust people of yellow race, but Xia Jingxing regards him as an overseas compatriot.

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