My Age of Investment

Without Chen Yizhou taking the initiative to publicize, the fact that he came to Hainei.com to "visit and study" was spread throughout Zhongguancun by the employees of Hainei.com.

Never underestimate how fast gossip can spread!

Moreover, the company did not order to prohibit the publicity of this matter, and Chen Yizhou even made no secret of his whereabouts.

Since this is the case, the employees of Hainei.com do not have the consciousness to keep their mouths shut. Many people used this matter as a talking point to tell their classmates and former colleagues——employees of other companies in Zhongguancun.

Then, gossip spreads quickly like a virus.

When news media with good deeds heard about this incident, they swooped up like vultures seeing carrion, launching all kinds of exaggerated reports, with each headline becoming more sensational than the last.

There was a lot of discussion because of this, and most people's guesses were the same as those of the employees of Hainei.com. Thousand Oaks was about to change hands, and Chen Yizhou "bound his hands and came to beg for a settlement."

After relevant news reached the ears of Zhang Fan, Xiong Xiaoge and others, they were so angry that they wished to chop up Chen Yizhou with two kitchen knives.

But after the anger dissipated, I had to continue to think about how to face the increasingly passive situation.

Several of their investment institutions jointly invested more than 150 million U.S. dollars in Thousand Oaks, which was apportioned to each institution, and the figure was tens of millions of U.S. dollars.

In China at this time, the management scale of an ordinary fund is only US$100 million or US$200 million.

In other words, the investment in Thousand Oaks accounted for a quarter, a third, or even half of their respective fund positions.

The reason why they had so much fun was not entirely out of a desire to retaliate against Xia Jingxing.

Instead, the VC industry's diversification of investment is purely fooling the layman. The real way to make a lot of money is to "group funds", which is the same virtue as A-share funds.

Most of the time, there are only two or three projects, or even one project that a fund really makes money or makes a lot of money.

When a project is found to be growing very well, the fund will increase its position to help the entire fund earn a higher rate of return.

The rate of return is also directly linked to the income of the fund GP manager.

Thousand Oaks has been developing very well a few days ago, and with Facebook as a good benchmark, it is not difficult to understand the behavior of Zhang Fan, Xiong Xiaoge and others to increase their positions.

Similarly, IDG and Sequoia placed too many bets on Thousand Oaks.

Now Zhang Fan and Xiong Xiaoge are like red-eyed gamblers, refusing to leave the gambling table and always wanting to make a comeback.

For the protection of their own capital, even if they have decided to continue to give Thousand Oaks blood transfusion, they still have to tear off a piece of Chen Yizhou's flesh.

But people like Chen Yizhou are already veterans, so they can't handle them, and they have a clear insight into the motives of Zhang Fan and Xiong Xiaoge.

Now that Xia Jingxing had really entered the arena, Xiong Xiaoge and Zhang Fan couldn't sit still anymore, and started a second negotiation with Chen Yizhou.

This time, Xiong Xiaoge made a higher offer: a pre-money valuation of US$40 million and an investment of US$25 million.

But Chen Yizhou still dismissed it, turned around and found Charles to accompany him, and went to Xia Jingxing for a drink together.

The place to drink is in the China Club Club in Xirongxian Hutong.

This former residence of the princes of the Qing Dynasty is the old gathering place for Zhang Fan, Xiong Xiaoge and others, and there are many eyeliners.

After discovering that Chen Yizhou and Xia Jingxing entered the private room talking and laughing, someone immediately reported the situation to Xiong Xiaoge.

Feeling a strong sense of urgency, Xiong Xiaoge immediately started the third negotiation with Chen Yizhou and raised the valuation offer again.

Chen Yizhou repeated his old tricks and invited Xia Jingxing, Lin Xinhe, and Zhu Min to hold a gathering under the banner of "Stanford Chinese Alumni Association".

Zhang Fan and Xiong Xiaoge hated Chen Yizhou's behavior of waiting for a price, but because of their deep obsession, they were unwilling to stop the loss and quit, so they had to sit back at the negotiating table again.

After going around for several times, Chen Yizhou finally got a better offer.

VCs such as IDG and Sequoia gave Thousand Oaks a pre-investment valuation of US$100 million, and injected another US$40 million.

Chen Yizhou knew that he couldn't push people into a hurry, so he accepted it as soon as it was good, and agreed to this financing plan.

As for Xia Jingxing, a tool man, Chen Yizhou had no choice but to say: I'm sorry! Dude, you've been squeezed dry.

Chen Yizhou wouldn't care what Xia Jingxing thought, it would be best to be mad.

At the same time, Chen Yizhou was secretly delighted, because in the several rounds of confrontation with Xia Jingxing, he finally won a round and played Xia Jingxing once.

In order to show its strength to the outside world and stabilize the company, Thousand Oaks also held a grand financing press conference with IDG and Sequoia.

The investment is only 40 million US dollars, but Thousand Oaks claims 100 million US dollars!

When the reporter asked why Chen Yizhou went to Haineiwang to visit, Chen Yizhou said very cheekily: "Actually, my relationship with Jing Xing is not as bad as the outside world imagined. Business is business, personal friendship is personal friendship.

Speaking of which, I am still Jing Xing's senior at Stanford, eight or nine years older than him, and a few days ago, we also participated in the gathering of the Stanford Chinese Alumni Association..."

Hearing that Chen Yizhou said "Jing Xing" one by one, and also participated in the party together, the reporter did not suspect him, believed Shen Yizhou's words, and did not hold on to him anymore.

Zhang Fan and Xiong Xiaoge felt as disgusted as eating flies, but when reporters asked them questions, they still had to pinch their noses and praise Chen Yizhou and Thousand Oaks vigorously.

Thousand Oaks' investment is already related to the survival of several of their investment institutions. No matter how much they hate Chen Yizhou, they can only put personal grievances aside, and the overall situation is the most important thing!

The fire bag I made an appointment with, I have to finish it with tears in my eyes!

Then I go?

That is impossible.

…………

…………

"Fuck, this Chen Yizhou is playing us for fools! Turn around and get in touch with Sequoia and IDG again."

Huang Xin rushed into Xia Jingxing's office with a face full of anger, and slammed a stack of newspapers on the desk.

A person who is usually very elegant, was so angry that he started to swear.

Huang Xin didn't know the details, he only knew that Xia Jingxing was colluding with Chen Yizhou.

Originally, he also wanted to transform Mopu into a content production platform for Hainei.com.

As a result, everything went to waste!

Xia Jingxing's face was calm, and there was no anger at being played on his face. Instead, he laughed, "This old Chen, it's useless to give him a chance, so he only got 40 million US dollars in investment."

"What's the meaning?"

Huang Xin looked at Xia Jingxing in confusion, "Dai Lun, do you know what the outside world said? It said that we were put together by Chen Yizhou, and that this guy was secretly recuperating in the name of "negotiating peace".

Now that the training is over, Thousand Oaks will fight us to the death! "

Xia Jingxing chuckled, in the eyes of these keyboard warriors, Chen Yizhou was almost praised as Zhuge Liang, resourceful and resourceful, he even completed a huge amount of financing under such an unfavorable situation, and resurrected with full blood.

But after all, this is not an ancient battle, he can't take advantage of Thousand Oaks' weakness to take their nest away!

"Hey, I have to forgive others and forgive others. Lao Chen is actually very good, and he has a way of cheating his teammates!"

Huang Xin looked strange, "What are you cheating on your teammates?"

Seeing that Huang Xin was like a curious baby, Xia Jingxing didn't want to ruin his image of being wise and mighty in the other party's mind, so he had to explain it to him.

"Thousand Oaks can no longer afford to turn over a big storm. If we keep this bottomless pit and absorb more funds, some talents will never be able to turn over again."

Listening to Xia Jingxing's calm tone, Huang Xin felt a biting coldness, this trick is really poisonous!

In terms of tactics, this trick is called siege to fight for aid.

Huang Xin thought for a while and asked, "Will the tiger be a threat? What if Chen Yizhou makes Renren popular again?"

Xia Jingxing waved his hand, "I have dealt with Chen Yizhou so much, I know him too well.

The previous 150 million US dollars was in such a horrible way, what tricks do you think he can play with 40 million US dollars?

Moreover, the gap between Hainei.com and Renren.com has been completely widened. In the SNS industry, they have no chance. At most, they copy us and develop a few farm and ranch games.

However, the rise of Renren is too short, and a large number of active users have been lost. There is no social relationship chain, and it is difficult to play new tricks in game interaction. "

Huang Xin nodded. In fact, he had already sentenced Renren.com to death in his heart. The only thing he liked was Thousand Oaks' community forum assets, such as Maopu.

"Then Maopu, we don't want it anymore? What about 20 to 30 million extremely active Internet users!" Huang Xin was still a little bit reluctant.

Xia Jingxing shook his head, "I judge that the development of Mopu should have reached its peak. After Chen Yizhou acquired Mopu two years ago, he started large-scale commercialization. Various advertisements have affected the user experience, and users have long complained. up.

Secondly, Chen Yizhou actually reversed the history and expanded the community forum into a portal website that included more than a dozen channels such as news, sports, entertainment, and celebrities.

The portal is already in decline, and if he rushes in at this time, it is equivalent to taking refuge in the Guojun in 1949.

Finally, the rise of Hainei.com and Baidu Tieba will divert large-scale netizens who like to pour water and talk about the world. "

In fact, Xia Jingxing was quite emotional. In this era, there is such a title as "Southern Tianya Beimaopu", just like "Southern Douyin and North Kuaishou" many years later, the popularity can be compared, or even surpassed.

Internet celebrities such as Sister Milk Tea, Brother Xili, Sister Feng, Sister Furong, etc. all became popular on Maopu.

"Don't worship brother, brother is just a legend", "very pornographic and violent", "23333" and other famous stalks are also derived from mop.

Even the online novel "YY Concept" was popularized by Maopu's most popular novel this year, "Trapped in an Elevator with a Beautiful Colleague All Night".

Tens of millions of netizens are looking forward to the serialization, and Mopu's YY spirit is the first of its kind on the Internet.

The culture of "killing cats with many pictures", "lz eunuch", and "urging more" all started from cats.

But the times abandon a certain website and won't even say goodbye.

The graphic era is destined to be replaced by the simpler and rougher short video era.

Huang Xin didn't question Xia Jingxing's deduction. He investigated Mopu and found something was wrong, but his summary was not as systematic as the boss's.

"Are Sequoia and IDG stupid? Knowing that it's a pit, they still jump into it?" Huang Xin asked.

Xia Jingxing shook his head, "They're not stupid, they're just investing, so it's inevitable that they are very gambling.

It seems that Renren still has 20 to 30 million users. Even if the chance of a counterattack is small, normally speaking, there is still a little chance.

The remaining assets of Thousand Oaks, such as Maopu, Warcraft China, etc., still have certain value. Maybe with luck, relying on these can also piece together a listed company and recover all the losses.

The most important thing is that several institutions have too heavy investment positions in Thousand Oaks, and they are already on the verge of riding a tiger.

Take Sequoia as an example. The size of their first fund is only 170 million US dollars. In Thousand Oaks, they have invested 50 to 60 million US dollars back and forth, accounting for one-third of the position.

Think about it, the first phase of the fund was made like this. Are Sequoia America and LP still willing to trust the Chinese team?

If it's just a simple investment mistake, forget it, but if you don't want to stop the loss in time, and continue to cover your position, this means that there is a problem with your ability! "

Shrimp and pig heart!

Huang Xin really felt Xia Jingxing's horror. In his eyes, Thousand Oaks was just a tool to attract several venture capitalists to make mistakes again and again.

Chen Yizhou thought he was using Xia Jingxing as a tool, but he didn't realize that he was the tool.

"How is the task I assigned you going?" Xia Jingxing asked.

Huang Xin nodded, "All arrangements have been made, just waiting for your order!"

Xia Jingxing nodded, despising the enemy strategically, but paying attention to the enemy tactically.

Now that Thousand Oaks has succeeded in renewing its life, the penguin is probably also developing wretchedly.

Now that players from all walks of life are ready, the new game can officially start.

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