Reinventing the Millennium

Xiong Xiaoge has a complicated impression of Fang Zhuo.

He once looked back on his career of more than ten years, and felt that this kind of person was unheard of and unseen, and he always had a contradictory feeling that he seemed to be a lie but not a lie, and that he seemed to be true but not real.

Xiong Xiaoge still insists on his original judgment of Fang Zhuo after investing in Guohao.com - malicious financing.

In particular, after raising money to buy land and mortgage it to the bank to change the creditor's rights relationship, we are already prepared.

But this does not conflict with Fang Zhuo's own strong ability.

In another situation, he would be happy to appreciate the various operations of such a business figure, but since he is the party involved, it would be very uncomfortable.

Like a lump in the throat, like a awn on the back, like sitting on pins and needles.

Go ahead, based on my understanding of Fang Zhuo in the past few years, I’m a bit unsure.

Don't invest, they are very optimistic about the new project that Fang Zhuo and Qiu Ciyun are working on together.

Although Xiong Xiaoge is the president of IDG's China region, some things cannot be settled in one word, otherwise he would not have been forced to sell Tencent shares under the pressure of partners.

During the more than half a month since he returned to Beijing from Shanghai, partners, colleagues, and subordinates expressed their optimism about the ice core project almost every two days, either explicitly or covertly. Xiong Xiaoge was a little skeptical after hearing more about it. Whose judgment is biased.

Even if we put aside the encouraging factors within IDG due to the upcoming listing of Yike, it is true that as Fang Zhuo said, Goldman Sachs and Deutsche Bank are not unknown people. Their internal analysis, judgment, and processes are even better.

Even Connor, the partner of DCM who has initialed the agreement and is responsible for business development in China, also has a very impressive investment resume.

Xiong Xiaoge was already a little shaken before he received Fang Zhuo's call. He was looking at the ice core project through the eyes of a stranger again.

Anyway, as my colleague said, the worst thing is to invest less.

That night, Xiong Xiaoge finally entertained Fang Zhuo, the president of Yike, who came to Beijing.

There were not many people at the dinner party. Except for Xiong Xiaoge, everyone here at IDG was new, and Fang Zhuo brought two technical members of the team.

"Hey, Lao Xiong is training young people?" Fang Zhuo arrived at the box and took a strange look at it, but didn't think much about it.

"I see that your assistants are replaced very frequently." Xiong Xiaoge said.

When Fang Zhuo heard this, he couldn't help complaining: "There is a shortage of people. My assistants are all regarded as management trainees. They are put down after only two days of use."

Xiong Xiaoge nodded secretly, yes, I know you are short of people.

The protagonists of the small dinner are none other than the president of IDG China and the president of Yike.

The two were old friends, and while they were eating and drinking, they both made a tacit understanding at first and did not mention the ice core project, but just happily chatted about the current development of the domestic Internet industry.

Fang Zhuo's insights in this area make everyone who comes to IDG feel that "he is worthy of being Mr. Fang."

After drinking for three rounds, the atmosphere was almost warm. Xiong Xiaoge opened his mouth drunkenly. He didn't talk about international venture capital, preferential policies, or industry prospects. He just asked directly.

"Mr. Fang, tell me the truth, can ice cores be cast?"

Fang Zhuo said firmly: "Yes."

Xiong Xiaoge toasted the young president with a glass of wine, and said with emotion: "Mr. Fang, we have known each other for a long time. Not to mention those who have and have not, I, Xiong Xiaoge, am worthy of you, right? You, Yike, want to I paid for the overseas development, and you, Yike, needed money to get the copyright, so I helped contact Huanyu in Xiangjiang and IDG in the United States."

"I, Xiong Xiaoge, am not interested enough in you?"

When various external factors are mixed together, when the leading companies in the industry are difficult to judge expectations, when peers are optimistic, and when the heart begins to waver, then return to nature.

It just depends on the person and whether he has a conscience.

Xiong Xiaoge also had no choice but to hear the truth. He looked directly into the young president's eyes and asked the same question: "Can I vote this time?"

Fang Zhuo said decisively: "Yes!"

Xiong Xiaoge's drunkenness rushed to his head. He drank another glass of wine and sighed repeatedly, calling him by his first name: "Fang Zhuo, you don't know. In fact, I am very hesitant. I am personally interested in your project, but whether it is My partners, colleagues, and subordinates all advised me not to invest!”

"You know what? I'm under a lot of pressure, and you have a bad reputation in the investment community!"

Xiong Xiaoge almost burst into tears as she spoke. She took Fang Zhuo's arm, burped, and said loudly: "Today, if Fang Zhuo tells me something right, I'll bet on you!"

Fang Zhuo slapped Old Xiong on the arm with his backhand, nodded and said: "Old Xiong, just keep your heart in mind. You are not someone else, we are friends."

He said that he was about to drink a glass of wine.

Xiong Xiaoge held Fang Zhuo's arm tightly, and her speech was a little unclear: "Fang Zhuo, this time, this time we have to sign a divestment clause. I bet you, you have to give me confidence. Tell your partners."

Fang Zhuo said without hesitation: "Old Xiong, just because you trust me so much, no other company has this divestment clause, IDG must have it."

He loudly repeated what he said on the phone before: "If this project is really not completed, no matter how other companies die, I guarantee that you, IDG, will be the last to die!"

Xiong Xiaoge smiled brightly and watched the young president drain a glass of wine.

Being drunk, Xiong Xiaoge got the right words and quickly lay down on the table.

Fang Zhuo was still interested and drank with people from IDG one by one. While drinking, he sighed: "Old Xiong, Mr. Xiong, he is more emotional and less rational. You IDG must have your own corporate investment culture, otherwise how can you compete? Can it win over other venture capital?”

The people at IDG repeatedly said that it was indeed true. Mr. Xiong was a bit emotional and needed to make rational judgments when doing projects.

Soon, Fang Zhuo got drunk. He didn't sleep well last night and drank a lot, which ended the drinking party.

At nine o'clock in the evening, both Xiong Xiaoge and Fang Zhuo staggered into their respective cars.

Xiong Xiaoge regained consciousness after getting in the car and rubbed his temples: "It's good to have a divestment agreement. Fang Zhuo is not telling the truth. It's all about the contract."

He continued to express his firm decision to the people next to him: "IDG America will invest as much as it wants. We can't invest that much here. We need to go back and study this number."

"Yes, Mr. Xiong." Xiong Xiaoge's subordinates felt that this time it was safe. Mr. Xiong even pretended to be drunk regardless of his face, and Mr. Xiao Fang was really tricked.

Fang Zhuo, who was in the car on the other side, yawned and looked at the night view of the capital outside the window, unable to explain what he was feeling.

Why is this old bear like this?

Can there be some sincerity between people?

It’s divided, it’s divided.

However, there is nothing wrong with unconventional divestment clauses.

Fang Zhuo feels that he is getting more and more experienced in dealing with investors. Investors often say that the end of investing is investing in people. In fact, it is the same when looking for investors. In the end, it all depends on the people.

The semiconductor industry is different from other industries. As long as the project can get off the ground and gain a firm foothold, the subsequent development can be greatly guaranteed. If something serious and dangerous happens, a person with the character of Lao Xiong can risk the world's disapproval. Withdraw investment, then withdraw.

He is the president of IDG China, and the business he is responsible for is all within the country's borders. Some factors may seem invisible, but in reality they are very particular.

People count me, I count people.

Only by communicating and learning with each other can we make progress from time to time, that's all.

Fang Zhuo sipped his tea, closed his eyes and rested his mind, thinking about how to enter the game with Ni Runfeng, who was also in Beijing.