My Age of Investment
Five hundred and nine, 10 companies
Xia Jingxing had just won Kugou and Thunder, and Deng Yuanjun, who had been on a business trip for nearly a month, also returned to the capital.
In the office of Zhongguancun Software Park, Xia Jingxing looked at the dusty Deng Yuanjun, who was full of fatigue.
As a conscientious and caring boss, Xia Jingxing personally brewed a cup of tea, handed it to the other party, and then asked kindly: "Old Deng, take a sip of tea, you have worked hard this trip, and your body can handle it right?" ?”
Deng Yuanjun is already in his forties. During the month of his business trip, he flew to many cities across the country and visited more than a dozen companies, large and small. Initial due diligence and financing negotiations are all tasks that consume a lot of brainpower and energy.
However, as a professional manager, he knows that pay is directly proportional to gain.
The boss gave him tens of millions of dollars in options, not to invite him to retire, so he has a high degree of consciousness and professional ethics, and he does not discount the slightest in his work, and is dedicated to his duties.
Although this is all his responsibility, when he sees the boss pouring tea in person and caring for him, he is still unavoidable, he feels very warm, and has a feeling of being valued.
Especially Xia Jingxing's young age and net worth of billions of dollars infinitely magnified this emotion in his heart.
"Mr. Xia, thank you!"
Deng Yuanjun took the tea with both hands, put it on the coffee table, and replied with a smile, "I'm not in the way. I'm only in my forties, and I usually keep exercising. I don't think my physical strength is better than that of young people who lack exercise now. Difference.
Moreover, traveling first class and living in a five-star hotel, there is nothing hard to say. "
Xia Jingxing glanced at Deng Yuanjun, who was in good shape, and smiled. It seemed that he did exercise regularly, and he didn't appear to be potbellied at all.
"Is the trip going well?"
Xia Jingxing sat next to Deng Yuanjun on a nearby sofa chair.
Speaking of this, Deng Yuanjun suddenly regained his spirits, and said with a smile: "With the honor of our company, the paid-in capital of 500 million US dollars in the left hand, and mobile phone orders in the right hand, if you go to any company in China, you will be treated as a guest of honor immediately."
Xia Jingxing laughed "haha", "You are being modest, the strength of the company is only a stepping stone, it can only make people willing to receive you and respect you.
Involving substantive interests, negotiations,
Who is willing to give in easily? In the end, the role of "people" is still needed.
One code for one code, the credit cannot be denied! "
Deng Yuanjun smiled and said nothing.
"Tell me about the specific situation!"
Deng Yuanjun nodded, looked at Xia Jingxing, and began to report one by one.
"Mr. Xia, I have talked with Mr. Qiu of Huaqin, and they are willing to accept our investment. The mobile phone industry merger and acquisition fund invested 1 million US dollars in them, accounting for 20% of the shares.
In addition, Mr. Qiu also said that he hopes to become a member of our mobile phone supply chain and give them a small order to try.
Although they are still a small company, they are willing to grow together with us..."
Xia Jingxing listened carefully. He read the information and found that Huaqin had only been established for half a year. It was still in the stage of a grassroots team, but its development speed was very fast.
Its founder, Qiu Wensen, originally worked for ZTE Corporation, and has successively served as ZTE software engineer, director of mobile phone software department, director of mobile phone system department, general manager of GSM mobile phone products, etc., and has very rich industry experience.
And if it weren't for his dazzling resume, the pre-investment valuation of Huaqin, which has only been established for half a year and has just received one or two small orders, would not be worth $4 million.
Calculated according to net assets, a few million yuan will be exhausted.
However, only a few months after its establishment, Huaqin received an order and realized mass production. The founder's ability and circle of contacts also have to be converted into valuation.
"Okay, this valuation is not high, but it is not low for traditional industries, and 20% of the shares is just right, leaving the founding team with the motivation to struggle."
Deng Yuanjun smiled, "I actually talked to Wensen Qiu and wanted to invest more, such as US$2 million, which would take up one-third of the shares, but he refused.
In fact, as IDH's independent mobile phone design company, they are asset-light operations, and they are not short of money. The orders they place can almost support the team.
Moreover, an independent design company provides solutions to all mobile phone manufacturers. They don't want us to take too many shares, and they also want to avoid being labeled by other manufacturers, which will make it troublesome to accept orders in the future. "
Xia Jingxing nodded slightly, "Okay, I understand this company, let's talk about other companies."
"Mr. Du of Longqi, I have also talked with him, but his enthusiasm for investment is far inferior to that of Mr. Qiu of Huaqin."
Deng Yuanjun shook his head while talking, "Longcheer was founded in July 2002, and successfully landed on the main board of the Singapore Exchange in May 2005, raising more than 30 million Singapore dollars, equivalent to more than 100 million yuan.
It took less than three years from its establishment to its successful listing. Looking at the entire wireless technology and communication industry in China, there are very few existences.
At this stage, the company is not short of money. As the most well-developed ODM manufacturer in China, they are also sought after by investors.
As the boss of a listed company, Du Junhong has just turned 32 years old. He is young and promising. Although he can't compare with you, he has envied many people.
He received me and the team very politely, but he was a bit pushy about investment, saying that he would issue an additional stock next year or the year after that, and invite Vision Capital to participate at that time.
As soon as I heard it, I knew it was a polite refusal, so I didn't continue to contact him, and I left after having a meal with him. "
Xia Jingxing nodded, "Now the rising momentum of Longqi is good. It's not surprising that our investment is also normal. The business that is rushing is not a good business, so let's put it on hold for now."
Deng Yuanjun smiled and said: "The East is lost, and the Sangyu is harvested! Although Longqi declined us, but through the contacts I made at Nokia before, I found a young man named Zhang Xuezheng.
This young man is only 30 years old. He worked for STMicroelectronics for one year, and then worked as an assistant to the general manager of ZTE for four years.
Then I resigned from ZTE in 2002 and started a business with others to do a complete machine solution, but in those years the competition was too great and I failed.
But he still doesn't give up now, and wants to start a business again, this time planning to make mobile phone motherboards.
He has collected 100,000 yuan so far and has pulled together a small team.
I had a brief chat with him, and felt that this person has a technical background and is also very resilient in starting a business, with a relatively high chance of success.
So, I thought, why don't we invest in an angel round for him, investing $100,000 for 20% of the shares.
It's not a lot of money, and it's nothing to lose.
If he really loses money, then he will recruit Zhang Xuezheng to work in our company. With his ability, it will definitely be no problem to be a middle-level employee. "
Xia Jingxing smiled, thinking that Deng Yuanjun was really a lucky general, he deserved to be the one with the word "gold" in his name, he could find treasures wherever he went.
In order to make sure, Xia Jingxing specifically asked, "What's the name of their company?"
Deng Yuanjun replied, "It's called Wingtech Technology."
Xia Jingxing nodded, "Okay, since you think it's okay, then invest 100,000 US dollars in them, and take 20% of the shares... Yes, but you must sign the anti-dilution clause."
Deng Yuanjun nodded, "That's for sure, we have asked to sign this agreement for every company we invest in.
In case the big fish is really caught, it is impossible to make others cheap! "
Deng Yuanjun continued to report that during his business trip, he invested in and acquired ten companies, but all of them had only reached an agreement, and had not yet formally signed the contract and completed the transaction.
Lens Technology invested 200 million RMB, accounting for 20% of the shares.
At this time, Lens Technology entered the list of Samsung’s supply chain, won an order from Nokia, and is about to become the industry leader. Its annual revenue has reached hundreds of millions, and there is still money left to invest and build a factory in the boss’s hometown of Hunan Province, so the valuation premium is not high. , according to the valuation of traditional industries.
Changying Precision, invested 40 million yuan, accounting for 20% of the shares;
Luxshare Precision, invested 120 million, accounting for 20% of the shares;
GigaDevice’s Series A round, with an investment of 10 million, accounting for 20% of the shares;
O-Film A round, with an investment of 22 million, accounting for 20% of the shares;
Sunny Optical A+ round, with an investment of US$12.5 million, accounting for 20% of the shares;
Dongshan Precision, invested 10 million, accounting for 25% of the shares.
Deng Yuanjun briefly and quickly reported the situation of several other investment companies, and talked about the last company.
"Currently, we have the same offer as the Japanese, forming a stalemate. Several founders of ATL hope to meet with you to decide their final choice."
Deng Yuanjun looked at Xia Jingxing and said solemnly.
Xia Jingxing nodded, "Okay, let's set off tomorrow morning. After all, 100 million US dollars is not a small amount. It's good to go to the scene to see."
"Well, I'll ask someone to arrange it now."
Deng Yuanjun got up and walked out of the office quickly.
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