My Age of Investment

  Chapter 124 Low-Key Entrepreneurship

  The next day.

  Andrew and Xia Jingxing came to the hotel restaurant for breakfast.

Andrew chewed on his sandwiches and said: "After returning to the hotel last night, I checked Kazza online. The six of them can really make trouble. The Hollywood studios and several major record companies have not given up their prosecution until now. .

  Do you really want to invest in their Internet phone company?

  Let me tell you, you have to think clearly.

  Although there is no copyright infringement this time, telecommunications companies in various countries will tolerate such a big piece of cake being cut away?

  Telecommunications companies in various countries are behemoths. If they sue Scape, you, as a shareholder, will suffer as well.

  Moreover, once a telecommunications company launches its own Internet calling software, it will definitely pose a threat to Scape..."

  Andrew has fun, but he still has professional ethics, so he gave Xia Jingxing a suggestion.

  Xia Jingxing took a sip of milk and said lightly: "I believe they have gone through so many hardships and setbacks, and they will definitely learn their lessons this time."

  Andrew spread his hands, "Okay, you have always been very mindful, and you often see things we can't see. I won't persuade you anymore, just make your own decision, and let me review the investment terms."

  …………

  …………

  The two took a taxi and once again went to the apartment building where the Scape entrepreneurial team was located.

After entering the house, Xia Jingxing saw a white man in his thirties in a suit and shoes sitting on the sofa.

  "Hello, introduce yourself, I am Howard Hattenbaum, a partner of DFJ Investment."

  Howard stood up and handed out his right hand towards Xia Jingxing with a smile on his face.

  Xia Jingxing hasn’t figured out the situation, why did Defengjie’s people also come?

  Too late to ask, he shook hands with Howard as usual, "Just call me Darren, an unknown angel investor."

   "I am Darren's personal lawyer, Andrew."

  Andrew also shook hands with the opponent and announced his name.

   "What's the situation? Haven't heard of calling a bunch of investors to talk about?"

  Xia Jingxing was inconvenient to speak, and Andrew directly attacked the entrepreneurial group of six.

  This kind of tactic is a bit criticized in the industry. Calling investors together to bid against each other is not a way of showing that investors are pitted?

  If the company and project are strong enough, investors can also tolerate it.

  But the Scape team is obviously not strong enough at the moment, and they are still carrying countless lawsuits. If you do this, are you not afraid to lose the investment popularity?

Nicholas’s face was ugly, and the other four also turned their heads to one side. Only Jonas smiled and said, “In addition to being in contact with Darren, Mr. Defengjie’s Tim Draper has always been very optimistic. P2P technology, and pay attention to the development of Scape."

   "Yes!"

  Howard answered, “Mr. Draper has been following the development of P2P technology a few years ago. After knowing that the Kazaa founding team had made a new software and there was a financing need, he sent me to Estonia as soon as possible.”

  He looked at Andrew and said with a smile: “Also, even the investment letter of intent has not been signed, so naturally there is no exclusive clause.”

  He shrugged, "Actually, after I came, they could totally reject you.

  It is Mr. Nicholas who said that you should be given a chance, otherwise you will not even have the qualifications to stand here. "

  Andrew was a little angry. Howard seemed to be polite, but he spoke with a spear and a good gun.

  Xia Jingxing held down Andrew who was "just about to move", Howard was irritating them, but he obviously wouldn't be fooled.

   smiled and said: "Okay, even the famous Defengjie has taken a fancy to Scape. I am more interested in this project."

  Howard gave Xia Jingxing a glance, quite calm.

  In fact, he just wanted to irritate the two of them. It would be better for the two of them to quarrel with the founding team of Scape and slam the door away.

  In this way, his goal is achieved. One institution has exclusive investment opportunities, and no other institution has yet to bid.

  But this young Asian man obviously missed the score.

  But it’s okay. DFJ is not afraid of competition, let alone an angel investor who emerged from nowhere, or an Asian, knows venture capital?

   "Daren, I don't mean anything else."

  Nicholas said, "Although Defengjie is a very well-known investment institution, we will still treat it equally."

  Xia Jingxing nodded and smiled, the fool believes you these nonsense.

  He remembered that Jonas interrupted his inquiry last night and dragged everyone to the bar. It turned out that he was waiting for Defengjie’s people to arrive.

  Good abacus!

  "Daren, depending on your age, you should only invest in investment soon, right?"

  Howard was not in a hurry to talk about Scape's affairs, and began to have a routine with Xia Jingxing.

   "Yes, unlike Mr. Draper, a family of venture capitalists!"

  Xia Jingxing knows the details of Defengjie very well, and even the family legend of founder Tim Draper.

  In 1957, William Henry Draper, the grandfather of the founder of DFJ, stepped down from the post of Deputy Secretary of the Army and established the first venture capital firm DraperGaither&Anderson on the West Coast.

  And several partners created the basic rules of today's VC, including management fees and project sharing after the investment company exits.

  Tim Draper’s father, Bill Draper, started his investment career in the company founded by William. In 1962, he set up his own business and established two venture capital companies, Draper & Johnson and Sutter Hill.

  In Bill Draper’s investment career, he also left the venture capital industry to serve as Chairman and President of the Export-Import Bank of the United States and Administrator of the United Nations Development Program.

   When Tim Draper made his debut, he was under the aura of three generations of officials and three generations of venture capital.

  Investment is also very successful. China’s Baidu, Focus Media, Kongzhong...

  U.S. Hotmail, Scape, Tesla, SpaceX, Twitter, Yahoo...

In the future, he will become one of the iconic figures in the Bitcoin field. After nearly 30,000 BTC were sold in the first auction conducted by the U.S. Federal Law Enforcement Agency in 2014, Draper had correctly predicted that the price of Bitcoin might soar to Ten thousand dollars.

   Such a big investment man also took aim at Scape.

  Is there any pressure on Xia Jingxing?

  There must be pressure, but he still pretends to be indifferent on his face, and even actively mentions it, indicating that he knows Defengjie's backing is very big.

  This is to show your determination to invest. Don't try to overwhelm others with DFJ.

  Howard smiled, "It seems that Darren, you know us Defengjie well!"

   "Then let me just say it straight. Venture capital is not just about having money. Besides, what can you bring to the business?"

  Howard put away his smiling face, staring at Xia Jingxing's eyes very oppressively.

The six founders of   Scape also all looked at Xia Jingxing.

  "I am also the founder of a start-up company, and the company is doing a good job. It has been online for less than a year and already has 5 million users."

  Howard asked with interest: "Can I ask which website it is?"

   "Facebook!"

  Howard remembered, "So that Chinese student is you?"

   "Hahaha~, it seems that Mr. Howard has also heard of me."

  Howard nodded and admitted, "Facebook is doing a good job, but it's just not bad.

  Do you think the experience you gained during the Facebook business process can help Scape? "

  Xia Jingxing stared at each other without showing any weakness, “Why not? Two companies, one for social networking and the other for online calls, we can establish a strategic partnership.

  What can Defengjie do? Are you helping to post a few PR drafts to the newspaper? Or a few interviews with reporters? "

  Xia Jingxing’s words directly pointed out the commonly used methods of venture capital, and this is precisely the "pain point" of Scape, which distinguishes it from other companies.

  As high-profile as other startups can be.

  And Scape, can’t wait to move the company to outer space.

  Low-key entrepreneurship, avoid tragedy!

  (End of this chapter)