Rebirth of the Age of Wealth

Chapter 525 Cashing out the bonus

"Oh, this is a good thing!" Li Weidong sat upright and said with some excitement. This was much earlier than he expected.

Zou Yi took out a folder and said: "According to the documents sent by Jiang Zongtao, except for the few companies you requested that have retained a certain proportion of shares, the others have all been cleared. This is the specific situation, please take a look!

"

As Zou Yi spoke, he handed a folder and several pages to Li Weidong. Apart from her, the only people who knew the contents were some senior executives of the American branch of Peking Capital.

Li Weidong took the folder, opened it and took a look, and felt even more satisfied. The file clearly recorded the number of stocks sold by each company, the sales price, and the time of sale.

Also, how much money the company invested at that time, how much income it earned, and the company carefully calculated the rate of return. It is probably suspected of taking credit.

Looking down page after page, the funds involved on each page vary from large to small, and there are even losses and bankruptcies. This is also true. Venture capital is a risky investment, otherwise it would not be called venture capital.

However, the losses are generally controllable, and the overall profit margin is still very high. Especially with the support of several companies named by Li Weidong to invest in, it is difficult not to make money.

The last page is a summary table, how much is the initial capital, how much is the final capital, and what is the overall profit rate!

How many companies have invested, which ones have succeeded, which ones have remained flat, and how many have lost all their money!

At that time, Li Weidong entered the American venture capital industry with more than one billion US dollars. After several years of changes, the amount of funds that were cashed out alone reached more than 40 billion US dollars.

In addition to the cash that has been cashed out, there are also a large number of stocks in companies with high future growth such as Amazon, Google, and Apple.

In the future, based on these stocks, Li Weidong will definitely become the richest man in the world, but he is only the richest man. Apart from his reputation and endless money, he will not have much use.

If you want to really have status, you must do something that is respected by others. Just having money is obviously not enough.

To put it bluntly, we must master some high-end technologies and manufacturing industries that will have influence and strategic significance in the future. Manufacturing is the foundation, and everything else is just a bubble.

Now that he has money, Li Weidong can buy freely, buy technology, and buy equipment. In short, he can go directly if he needs it without worrying about money.

"You did a good job, I'm very satisfied!" Li Weidong smiled and praised Zou Yi. Don't be stingy with praise for this kind of thing. Giving rewards and punishments is the way to control people.

Zou Yi responded with a busy smile: "It's your command!"

Li Weidong waved his hand and said: "Not to mention the false ones, the current situation can be regarded as liquidation. The remaining stocks will be transferred directly to Oriental Fund Management Company and handed over to Lao Xu for management. Lao Jiang and the others can rest for a while!"

"Don't worry, according to the agreement, we will give you as much reward as you want. I won't miss you a penny!" Li Weidong said categorically. He was not one to break his promise.

Venture capital companies, on the one hand, have to extract different proportions of management fees from management based on their size, which is also a normal source of income for venture capital companies.

In addition, there is also a part of the income commission, and this part of the income is also very generous, especially in this big wave, it is even much higher than the regular income.

However, the two investment companies under Li Weidong's name, Pingying Capital and Jingwei Investment, are somewhat different from other venture capital companies.

In a normal company, the funders who contribute money are rarely involved in the company's specific daily affairs and are limited partners; those who actually manage the company's daily operations are the general partners, that is, the general managers of the investment company.

However, in these two companies, the boundaries between limited partners and general partners are not so clear, and Li Weidong's investment amount is extremely large and cannot be done according to routine, so the general partner is actually the executor.

Therefore, Li Weidong is an investor and a limited partner, but in many cases he also acts as the manager of the company, intervening in many matters and issuing some instructions from time to time.

Therefore, whether they are in charge of Peking Capital or Jingwei Investment, they do not follow the practice of international venture capital to extract a profit share as high as 20% or 30%.

Although it is not that high, it is necessary, otherwise these subordinates would not be able to work hard. In fact, the management fees withdrawn every year have already given them considerable profits.

Moreover, Li Weidong has a rebirth experience and has led many large-scale investment projects with yields of hundreds of times. The assets involved are extremely large. If these projects follow the conventional commission ratio, it will definitely not be appropriate.

There is another reason. For Li Weidong, some foreign companies are too far away after all, and coupled with the language barrier, it would be good if he could remember a few that are more impressive in later generations.

Therefore, when people like Zou Yi, Jiang Zongtao and Fu Xiaomin do many things, they should also be given a certain share of the profits. They cannot act rogue just because of the large scale of funds.

And generally speaking, Li Weidong is very friendly and open-minded to his subordinates. This promise of Li Weidong will at least produce a few millionaires and working emperors with more than ten million US dollars, and he will live up to his reputation.

So after Zou Yi heard Li Weidong's words, she couldn't open her mouth in surprise. She is the general manager of Peking Capital. Part of the income of Peking Capital's American branch must be attributed to her. This is definitely not a small amount.

, allowing her to achieve financial freedom in one fell swoop.

However, she knew that this wealth was almost like sitting back and enjoying it, and it would definitely be hot to hold. After a pause, Zou Yi shook his head firmly and said, "Chairman, this is not appropriate!"

"I'm not flattering you. What we have achieved today is entirely due to your personal leadership and guidance, and we are just the executors!"

"Having the honor to follow you and experience and participate in this wave of technological benefits has added a lot of rare life experience to us, and it is our honor!"

"There is an old Chinese saying that if virtue is not matched, it will suffer. We don't have that much credit, but you give us so many rewards. This is not a reward, but makes us fall!"

"So for our own good, you should take back this reward. We have already received enough, and this is not my idea alone. Both Mr. Jiang and Xiaomin think so!"

It's not that Zou Yi is making a high-profile statement, but she really feels that the money is a bit hot. She basically does nothing. In addition to receiving a high annual salary every year, she also gets decent bonuses.

Now that it's time to liquidate, you can still get a large amount of profit sharing. Although everyone likes money, it also depends on whether the money is suitable for getting it.

Rules are rules, and they are two different things from being human and worldly!

I don’t say whether Li Weidong has any ideas, but other senior executives of the company will definitely have ideas, and it is not conducive to the transfer of company personnel. Everyone wants to go to a company with a lot of money and water.

How can someone earn tens of millions of dollars by working with you, while we only have a few million yuan a year? Besides, the job is so easy and not difficult to do. I can do it too!

Li Weidong looked at Zou Yi with twinkling eyes. Why didn't this girl look like a good person? She wanted to trap him into being unjust. If he really did this, how would he be able to lead the team in the future?

"You really impressed me. This is the first time I've seen someone push the money they got. But do you think I'm someone who breaks my promise and gets fat?" Li Weidong asked angrily.

Zou Yi quickly explained: "Chairman, you know, that's not what I meant!"

Li Weidong waved his hand and said: "Okay, it has been decided a long time ago. There is no need to discuss it. It will be implemented as agreed at the beginning. No one can say anything!"

"In addition, if you feel that you can't handle the money, there are still a large number of people in China living below the poverty line, and many school-age children in the central and western regions have no money to go to school, so just give love. In short, that is your business and has nothing to do with me!"

"And this matter will end here. No one is allowed to mention it again. There will be no such opportunity in the future. The company must be transformed into a modern company and everything must be formalized!"

"You venture capital companies must change into real venture capital funds and act in accordance with industry practices. I will no longer interfere with your investment matters in the future!"

"As long as you think your abilities are suitable, investment managers and executives can put it forward. If there is no problem, I will invest for you. Simply be a limited partner, save trouble and make money, why not!"

After the reform, the company will definitely become more formal in the future. It is not appropriate for Li Weidong to take charge of everything, and he does not have the time. Everything must be formalized in order for the company to be competitive.

His knowledge is also limited. Many things have changed differently now than in his previous life. The general trend may be fine, but Li Weidong doesn't know whether the details will remain the same as in his previous life.

For example, the venture capital industry must not have been so mature in his previous life, otherwise he would not have known about the existence of venture capital when he started his business, and some companies that were already famous have disappeared now. This is very scary.

Although Li Weidong will not interfere in their daily management in the future, he can still invest in some good projects, such as SMIC, which are not suitable for venture capital.

When Zou Yi heard what Li Weidong said, she was happy at first, and then shook her head in her heart. She had been a venture capital investor for several years, and she knew the things here very well.

Even though the United States is currently in a bull market for Internet technology, there are still many seemingly good companies that suddenly went bankrupt, and the funds invested turned into bubbles and dispersed with the wind.

Even now when venture capital is at its hottest, even for venture capital firms like theirs, 60% of companies are still unprofitable or even lose all their money.

Therefore, venture capitalists do not just need to be rich. As Deputy Director Cheng Siwei said at the seminar held in Beijing the day before yesterday, venture capitalists are comprehensive talents, and they even need to have the ability to reach heaven and earth.

Zou Yi has carefully calculated that all projects that Li Weidong intervenes in will basically have huge gains, and projects that are left to their own investment cannot be said to be unsuccessful. After all, they are in this wave of Internet technology, and any fool can invest in it.

part of the company.

If they, Peking Capital, exclude the companies supported by Li Weidong, they would not achieve much in the end.

The most important thing is that Zou Yi saw a report from Harvard Business School the year before last. Based on their statistics and analysis of nearly forty years of venture capital data, the conclusions reached were very discouraging.

Over the past 40 years, there have been more than 400 active funds in the U.S. venture capital industry, but only 5% of these 400 funds have achieved theoretical venture capital returns, which have exceeded three times in 10 years.

And 50% of funds cannot even get back their principal, and 35% of funds only have 1-2 times return, which is equivalent to an annualized rate of return of 8-10%. Taking into account economic development, inflation rate, and the opportunity cost of funds (

Bank interest), the annual rate of return of 8-10% is not high at all, not even as high as the rate of return of buying an index fund.

Even those venture capital investments with a ten-year return rate of more than three times only caught up with the end of the L War and the climax period when many military products were converted to civilian use, such as the rise of Silicon Valley.

Although the return rate on capital is very high, it cannot be denied that it has caught up with this era of wealth creation. However, economic development naturally has its own rules. Once it overheats, excess will naturally occur.

It is only a matter of time before the next bubble bursts. Now even Li Weidong has cleared his stocks and exited, which means that there is basically no chance for this wave of wealth creation in the United States.

After understanding this, Zou Yi lost his mind and said: "Chairman, I listen to you. I will pay out this part of the reward in full according to the original agreement. As for my part, I will give it to you."

Half of it will be donated to the education fund managed by Liang Wenhui!"

Li Weidong waved his hand again and said: "This is your own business, but if you donate to the education fund, I would like to thank you on behalf of the children who receive the donation!"

"As long as money is enough, too much will only increase worries. Donating it will make you feel at ease!" Zou Yi leaned on his chair and sighed for no reason.

Li Weidong knocked on the table and said angrily: "Why do I feel like you are insinuating whom?"

Zou Yi smiled charmingly and said sincerely: "Chairman, please don't think too much. This money is useless in my hands, but it will be of great use in your hands!"

Xu Dehai next to him wanted to laugh, but he didn't dare to laugh. Although Xu Dehai had not seen the document in Li Weidong's hand, he knew that there were many numbers in it, so many that he had never seen them before. He was also worried about Li Weidong, so much money

How to spend it?

Li Weidong put away the documents and asked: "Okay, let's not talk about this anymore. How much of these funds have left country M now?"

"With the cooperation of several major banks and the Hong Kong Monetary Authority, almost 80% of the funds have been transferred out of Country M in the past half month and scattered in company accounts registered in major islands. Most of these accounts are in Hong Kong

Island, the rest will be transferred out within one to two weeks!”

"Very good, speed up, time waits for no one!" Li Weidong said with a sigh, and then added, "Recently, a batch of national bonds to develop the western economy will be issued!"

Li Weidong thought for a while and said: "Use the names of Xinsheng Holdings and Ruibos Holdings to subscribe for a long-term treasury bond of 3 billion yuan each to support national construction!"

(End of chapter)