My Age of Investment

   Chapter 1232 The originator of group buying

  Puppy took out 286 houses under his name, priced at US$50 million and invested in a housing rental company;

  The Friedrich Group spent 200 million US dollars and provided all-round technical and human support to the housing leasing company in terms of real estate operation and management;

   Vision Capital's Real Estate Recovery Fund injected US$1 billion in cash to support housing rental companies from a capital operation perspective.

   Therefore, the shareholding ratio of the three parties in the housing leasing company is roughly divided into 4%, 16%, and 80%.

  Vision Capital occupies an absolute dominant position, followed by the Friedrich Group, and the Doggy Family Office is the kind that doesn’t care about anything.

  Xia Jingxing sat in the office, called Ivanka, and informed him about the house rental company.

"Wow! Darren, this good news is so timely! I'm worrying about where to get hundreds of houses. Now that all the problems are solved, the housing rental company can officially be put on the agenda. already."

  Xia Jingxing said with a smile, "You can confirm with your father again, he really wants to do business with me?"

   "Daren, my father sincerely wants to cooperate with you, and he said that the Frederick family's corporate resources, political resources, contacts, etc., are all available to you.

   He will not point fingers at the housing rental company, everything is up to you. "

  Xia Jingxing listened quietly, with a faint smile on his face.

   It wasn't that he couldn't trust Friedrich, but that the character of the other party was too bad.

   If Ivanka hadn't interceded many times and served him comfortably, he would not have cooperated with the Friedrich Group at all.

   "Okay, Ivanka, you don't need to say any more, if this project is entirely my own, I may still be used to your father's bad habits.

   But the real estate recovery fund is not only contributed by Vision Capital, most of the funds or 99% of the funds come from those old money families and blue blood aristocrats.

do you understand me? They don't get used to your dad's bad habits.

  Since Mr. Friedrich has promised never to interfere in the project, he must keep his promise, so as not to cause unnecessary trouble in time. "

Ivanka on the other end of the phone was silent for a while before answering: "Don't worry, I will convey all these words to my father, and I will also remind him that I will not watch him do anything wrong. Decide."

  Xia Jingxing smiled, Ivanka is a smart person, she knows it at all.

   In order to prevent Friedrich from having a convulsion one day and jumping out to do damage, he can only speak the ugly words first.

   The LPs of real estate funds are all well-established people. If Friedrich wants to do something small, he will measure it himself.

   "Okay, then you can tell your father again and tell him to wait quietly. When he makes money, he will be indispensable for dividends."

   "Well, I see! Then, Darren, when will the real estate fund's investment be in place?"

  Xia Jingxing paused for two seconds before answering, "Next month at the latest."

   The so-called real estate recovery fund is actually a new fund raised from the original LPs that shorted the fund.

  Liu Hai and Jiang Ping have been in the final closing since this month.

   After the loot is counted, Xia Jingxing will take all his own funds and profits, but the remaining external LP principal and profits are still astronomical.

   The scale of a single fund is too large, and it is not very easy to operate. Therefore, Xia Jingxing intends to guide these LPs to invest in real estate funds and PE funds under Envision Capital, not limited to hedge fund products.

   As for the VC fund with the highest rate of return, Xia Jingxing has not opened subscription to anyone for the time being, and at most sold some second-hand shares to the S fund.

   "It will be in place next month? That's great, I can't wait to see our home rental company start operations and acquisitions, and step by step to make it the largest home rental company in the United States."

  Xia Jingxing smiled, "Let's work together, this dream will definitely come true.

   At that time, we will have tens of thousands of houses in hand, and we will be able to collect hundreds of millions of dollars in rent every year.

   and other ordinary houses are easy to do, maybe you can try to buy villas for rent.

  The villa is bigger and the rent is higher, the only disadvantage is that it consumes a little money.

   At the same time, the villa can also increase the revenue and net profit of the housing rental company by a large margin, and when it goes public, it can impact the market value of tens of billions of dollars..."

  Ivanka was deeply attracted by Xia Jingxing's pie, and began to fantasize about becoming a CEO with a market value of tens of billions of dollars, and having more money and more achievements than her father...

However, the dream soon became reality, and Xia Jingxing said, "Find a reliable decoration company that has cooperated with the Friedrich Group to start renovating the house. You are the eldest lady of the Friedrich family. Let the decoration company charge cheaper and cooperate well, and there will be more orders waiting for them in the future."

  Ivanka didn't mind the housing rental company using their family's resources, and agreed very happily.

   Just when Xia Jingxing was about to hang up the phone, Ivanka suddenly said, "Daren, what do you think of me being the CEO of the housing rental company?"

   Afraid that Xia Jingxing would not agree, Ivanka pushed herself hard: "I have been by my father's side since I was a child, and I know a lot about the real estate industry.

  I will not screw up the rental company, but will take care of it as my own business. "

  Xia Jingxing hesitated for a moment. Although he and Ivanka have had countless transactions of more than one billion yuan, this one billion yuan is a bit important. It is the first time that Vision Capital has tested the waters of real estate funds in the United States.

   Simply speculating in real estate has little technical content.

  The housing rental company needs to operate and manage tens of thousands of houses, which is not an easy task.

   After thinking about it, he decided to be safe and replied: "You will be the COO first. If you can prove yourself, I will promote you as CEO, and I will also give you equity incentives."

  Although I didn’t reach the sky in one step, Ivanka was also very satisfied.

   "Daren, you are so kind! I miss you a little bit, when are you coming to New York?"

   "After a while, I have to deal with work in Silicon Valley."

  …

   Xia Jingxing just hung up the phone when he heard a knock on the door.

   "Please come in~"

After    received a response, Ricky Milner, the head of the Silicon Valley office, pushed open the door and walked in, followed by the potbellied Andrew.

   "Daren, long time no see."

   As soon as they met, Andrew rushed up and gave Xia Jingxing a warm hug.

  Xia Jingxing felt as if he was hit by a pile of meat mountains, and he almost lost his breath.

   The three exchanged a few words of greetings, then sat and chatted about work.

  “The official version of Spotify was launched in Sweden last year, and it was very popular with local users.

   Even the executives of the four major music companies, EMI, Sony, Universal and Warner, were moved by their products and agreed to license their music copyrights to Soundpotian for use. Of course, the scope of use is limited to outside the United States.

   However, Sheng Potian also paid a great price. In exchange, they almost gave 20% of the equity of the four major record companies in vain. "

  Ricky changed his words: "But from another perspective, they have pulled the four major record companies into the warship, which can be regarded as a solution to the long-standing copyright war between the Internet industry and record companies.

   Wasn't Napster, founded by Sean Parker, killed by the record company?

  The sound of breaking the sky is the right time. Because the current record industry is very sluggish, the four major record companies agreed to try to embrace the Internet.

   It seems that our investment does not need to be wasted, and Shengpotian may develop and grow stronger one day. "

  Xia Jingxing listened for a while, then suddenly said, "Ask them, do you want to sell the company?"

  Ricky was stunned for a moment, then shook his head and said, "Now that the copyright issue has been resolved, it's time to show off their talents, and they won't sell them unless you give a sky-high price.

   By the way, who bought it? us? "

  Xia Jingxing said with a smile: "Why do we buy a start-up company? We only buy mature companies.

   is that Facebook wants to acquire it, and Facebook has taken a fancy to the social sharing function of the sound. Music can also be socialized, and it can also supplement Facebook’s existing business. "

  Ricky said, "Okay, let me try to match it? But don't get your hopes up."

  Xia Jingxing nodded lightly, "Tell them that after Sheng Potian joins Facebook, he can promote this software to the whole world."

After    explained Ricky a few words, Xia Jingxing looked at Andrew again and asked, "How is the completion of what I told you?"

   "You mean that website that sells coupons?"

"right."

  Xia Jingxing has been paying attention to the news of his old club. The website finally went online a few months ago, and he immediately sent Andrew to contact him.

"I don't think that website has a future. It only initiates one transaction a day, offering a coupon for a local merchant, usually as low as 20% or 30% of the original price of the product or service. When the number of people buying coupons reaches the expected number, The transaction takes effect.

   Although the concept of group discounts is quite novel, the scale is too small, and it is difficult to continue the event. "

  Andrew shook his head and said, "And their founder is also named Andrew, which makes me feel a little bad."

  Xia Jingxing said with a smile: "Can't others have the same name as you? Is this the reason why you are not optimistic about them?"

  Andrew frowned and said, "It's not just for this reason. I feel that their model is a bit problematic and has not been fully verified."

   "When the mode verification is successful, someone else might be able to take the lead."

  Xia Jingxing thought for a while and said, "In this way, if you make an appointment with them, just say that I want to meet them."

   "You come out to meet the founder of the business in person?"

   Not only Andrew, but Ricky on the side was surprised.

  I don’t know when it started, Xia Jingxing rarely met with the founder of the company, and the following investment managers, vice presidents, and directors were all responsible for related affairs.

   Let the boss make an exception for it. It seems that this website called Groupon is unusual.

   (end of this chapter)