Breaking Up Is Better Than Divorce

investment settlement

“Oh yeah! Can you introduce Mitchell?”

“Sure. Are you her fan?”

“Actually, I’ve never heard of it before, but I’ll tell you that I’ve been a fan since before.”

“haha. I do that. Mitchell will love it too. But what happened to Mitchell?”

“I want to invest in the performance.”

“Are you in Hades Town? You didn’t seem to like it that much? Is it because of me?”

“no. It doesn’t seem like it suits me that much, but somehow I think it’s going to work out really well.”

“really? It was said that Eugene has an unparalleled eye for choosing musicals and movies. Then our musical will be a hit too, right?”

Emily loved it so much.

“Right. Surely it will.”

“Mitchell will love it too. If it is Eugene’s choice, not because of the investment, the box office is guaranteed.”

Emily had no doubts about Eugene’s words.

Folk singer Anais Mitchell, the music composer for the musical, and director Rachel Chavkin gladly accepted Eugene’s investment.

Eugene decided to invest a little less than that invested in Hamilton.

Not really because of Emily. In Eugene’s memory, Hadestown was one of those musicals that would still be performed on Broadway in the years to come.

Among the many Broadway musicals produced every year, there are only a handful of musicals that remain on Broadway even after a few years.

So, if it’s a musical that will remain in Eugene’s memory, it’s definitely a success.

I know that Tony-san probably rode a few.

So, of course, we had to invest. Hadestown will also remain as one of the trophies that prove Eugene’s success.

“This is an investment settlement in the electric vehicle industry.”

Reported by Joanna, who, after returning from Florida, went to work after a good rest at home, as she said during her several days of vacation.

“There has been a report that a VC in California has made an investment in Rivian and Lucid Group, which they have been pushing for.”

Rivian and Lucid, headquartered in Irvine, Calif., and Newark, respectively, are the companies that will compete for the second and third positions in market capitalization after Tesla in the US electric vehicle industry.

“We have a 43% stake in Rivian with an investment of $30 million. And for an additional $18 million, we also acquired a 15% stake in other investors we’ve invested in so far.”

To date, Rivian has raised only $1.5 million in investment.

Considering that it will receive a total of $15 billion in investment within the next five years, the current investment is nothing short of a bargain.

In 2021, when prospects for electric vehicles peak, the company will go public, with a stock price of $150 billion right after the IPO.

Of course, it is not known how much Eugene’s stake will be as the stake will be diluted whenever another company attracts investment in the future. none.

“The Atieva side says there is no result yet.”

Atieva is a company that was founded by Vice President Bernard Che, who led the battery development in Tesla’s automobiles, and is known to have technology comparable to Tesla in the battery sector.

Therefore, compared to Rivian, it had attracted quite a lot of investment.

However, China’s Beijing Automobile and LeEco, which have invested the most, oppose Lucid Group’s car development and want to focus on battery development and supply.

In the end, the founder, Bernard Che, was kicked out of the CEO by Chinese investors, and this time in a confrontation between management and investors, Beijing Automobile, China, suddenly liquidated its stake and left.

Even in such a complicated situation, the development team is working hard on the production of electric vehicles.

“We are in the process of negotiating the acquisition price for the 50% stake with Jia Yueting (贾跃亭). Jia Yueting also has plans to sell it, but they are asking for too much money.”

Jia Yueting, who initially invested $50 million to secure a 25% stake, and later acquired a stake in Beijing Automobile, China, is the founder of LeEco, a Chinese IT company. to be.

Recently, he was developing a business in various fields, such as building a shopping mall to enter the US market and acquiring a large building in Silicon Valley from Yahoo with a large amount of money.

With a whopping $20 billion invested in business in the United States, California has seen a huge tycoon.

“There is no rush like that. At the end of this year or early next year, they will ask you to sell them.”

“You think there will be disruptions to the business scheduled for the end of this year.”

“It is very likely. First of all, the company name is the problem. What is LeEco? It makes no sense to succeed with a name like that.”

“Hey, I’m not sure how to call the word LeEco. But don’t you think you’re going to lose because of your name?”

“Really. Just because you got that name means you don’t understand the US market, right? You can see that he thinks he can push anything cheap, just like he did in China.”

“It’s kind of silly, but it makes sense.”

In fact, Eugene simply knows that Jia Yueting’s entry into the US will end in a huge failure.

But if you look at the results, you can fully understand why they fail.

Even before starting a business, Jia Yueting was busy sprinkling money and growing in size, using it as a bait to attract external investment.

It’s an error since a company just starting out bought a $250 million office building.

Moreover, his business is working with Junggu Heating in areas where it is difficult to understand what kind of synergy there is with streaming services such as Netflix, smartphones, bicycles, and VR headsets.

It’s wrapped up in the plausible saying that it’s a huge ecosystem, but in reality it’s just a Chinese-style business mind that touches on anything that looks like it’s going to make money.

In China, where it’s growing, it’s good enough, but in the US, it’s of no advantage other than being cheap.

Eugene knows that as a result, Jia Yueting will go out of business and file for bankruptcy. So, if you approach it moderately and wait, you will be able to get what you want.

Investing in electric vehicle makers was not only being made in the United States, but also far across the sea.

“It is said that Jean made an investment in Rimac Automobili.”

Shortly thereafter, a report came from Europe.

Jean-Michel Chevalier, who is in charge of VC in Europe, is a French-American, talented businessman who speaks six languages fluently.

Even if it is six languages, it is a European language after all, so it cannot be compared to being proficient in a non-European foreign language, but if you listen to the reviews, they say that they speak each language perfectly at the level of their mother tongue.

As well as his excellent language skills, his ability to easily approach and make friends with people is also outstanding, and he is producing very satisfactory results in finding startups across Europe and closing investments.

“Jang said that this time he also learned Croatian, and now he has one more language he can speak.”

Rimac Automobility, which I ordered this time, is a company located in Croatia, which has been maintained as a one-man company of its president Mate Rimatsu for a while, but has been on the rise with the creation of an electric supercar called the Rimac Concept One a few years ago.

Boasting a performance that surpasses other supercars with a speed of up to 350 km/h and incredible acceleration, the Rimac Concept One also attracted the attention of car enthusiasts because of its elegant design.

However, the reason why it has not yet attracted so much investment may be because Mate Rimatsu founded the company in a marginalized country called Croatia rather than the United States or Germany.

“With $50 million, we have a 46% stake.”

By the time Jean flew to Croatia to make an investment proposal, Rimac AutoMobility had only received an investment of 50,000 euros.

That’s why he got such a stake in Rimac AutoMobility with just $50 million.

But in the future, Rimac will continue to grow dazzlingly year after year.

“Jimmy Tang has completed investment negotiations for Nio, Li Xiang and Xiaofeng.”

At the same time, Asian investment VCs in Singapore also made investments in Chinese electric vehicle companies.

In fact, the early electric vehicle market in the US or Europe is very small compared to the electric vehicle market in China.

The Chinese government has been investing in the electric vehicle industry for several years already. This is because the electric vehicle industry is predicted as the future food.

It is only natural that electric vehicles in China, which produce and sell in large quantities, will develop rapidly.

Eugene gave instructions to Jimmy Tang by pointing out which of the many electric car makers in China would stand out.

The companies that have decided to invest this time are only two or three years old, but they will soon lead the Chinese automobile industry.

Eugene had an initial investment of around $1 billion in an electric vehicle startup, but was spending much less thanks to his talented VC partners.

Considering that these companies will all be worth hundreds of billions of dollars in the next five years, it’s a very worthwhile investment.

To be honest, the stakes in these few electric vehicles alone are enough to fit into the world’s top 10 richest people if they sell and come out at the right time.

However, investment in the electric vehicle industry is only a fraction of Eugene’s VC investment.

From a few years after the VC investment begins to pay off, by liquidating your stake every time you do an IPO, your assets will grow horribly every year.

And there was another place that made a similar kind of investment around the same time as Eugene.

“It is said that Ara Yoo and Hyunwook Lee are now completely ready. It looks like the fall season will be a good start.”

Kim Hwan, who is in charge of work in Seoul, has been reporting regularly through videoconference.

Recently, Eugene invested $300 million and secured a 33% stake in Zoom Video Communications, which is considered to be the most advanced in the field of video conferencing systems.

It has already received funding from several places, and Eugene’s investment corresponds to a Late Stage Venture, so it was impossible to bring a high stake at a low cost.

It recognized the value of Zoom at $900 million and made a maximum investment.

It’s a pretty large amount, but considering that the company will be worth 100 times more than it is now in a few years, it’s a pity that it didn’t get a bigger stake.

However, Eugene has instructed all offices around the world to never use the system of Zoom, the company he has invested in.

Zoom’s founder, Eric Yuan, is an American of Chinese descent. He hired a core developer team from the same Chinese as him, and for some reason put the encryption server in China.

As a result, only the headquarters is located in the United States, and both the development team and the server are located in China.

It’s not just because it has something to do with China.

In the next few years, it will be revealed that the encryption key is sent to Beijing while using Zoom, and on the one hand, personal information is continuously leaked.

Moreover, additional security vulnerabilities are known, leading to the removal of Zoom from the British Ministry of Defense and NATO.

So, knowing that, there was no need to take that risk.