My Age of Investment

   Chapter 306

  The next day.

  Xia Jingxing took Andrew and two employees to have a breakfast of fried dough sticks, then went to Frame Media and Tudou.com and introduced Andrew and his party to the two companies.

  He chatted with Tan Zhi, Wang Wei and others, and entrusted the follow-up docking work to Andrew.

   Then, that afternoon, he, Liu Hai and Zhang Chenguang returned to San Francisco by plane.

  The first stop did not go to Facebook, but came to Envision Capital.

  "The 1.2188 million Sina stocks held by the company have all been sold, with an average buying price of US$18.05 per share and an average selling price of US$31.3 per share, resulting in a profit of US$16,149,100.

  After deducting transaction fees, interest, etc., the final profit is about 16 million U.S. dollars, and the specific figures are still being calculated. "

  In the conference room of Envision Capital, an employee stood and reported the results to Xia Jingxing and Liu Hai.

   Liu Hai’s eyes all smiled, “Jingxing, this is four million dollars more than our estimated profit.”

  Xia Jingxing nodded, satisfied with the profit result.

  "In fact, Sina stock has been trading very actively recently, with a very high turnover rate, and there are so many buying orders in the market. I guess it is because there are large institutions entering the market or planning some major events.

  If we hold for a longer period of time, the stock price may be higher. "

  Employees may have the courage to express their ideas in order to earn performance.

   Liu Hai was a little unhappy, and was about to scold him, but was stopped by Xia Jingxing.

Xia Jingxing looked at this young white employee in his twenties with some freckles on his nose. He smiled and said, "Don't say "if". If you have any ideas, you can write an analysis and give it to William Liu. "

  The freckled boy nodded and left the office.

   "Jingxing, I made you laugh."

  Xia Jingxing waved his hand, “Don’t confine their ideas, we are a young hedge fund, and our thinking should be a bit more dynamic.

  I happened to discover a little secret between Shanda and Sina this time. It is impossible to expect such good luck every time.

  In the final analysis, if you want to make long-term money, you have to improve the level of fund staff.

  How to improve? You have to think of a solution. "

   Liu Hai nodded, he was also the big girl once on the sedan chair, and many things were still groping.

After Xia Jingxing and Liu Hai discussed the company's future development plans for a while, they asked Liu Hai to find a computer to check the stock price of Amicco.

  It hasn't been a big rise for a long time. The stock price has been fluctuating slightly up and down around the price of more than 40 US dollars.

  There are the last 240,000 shares in his account. According to the current stock price, the market value of the position is more than 11 million US dollars.

  Ganji.com has been dragging, and the 400,000 US dollars investment has never been called to Yang Haoyong. The other party has called many times for reminders, from last year to this year.

  It's not that he doesn't want to give it, but that he wants to wait for the stock price to rise.

  In addition, on returning home, he also signed two investment agreements of 1 million US dollars for Tudou.com and 50 million yuan for Frame Media.

  He looked at the exchange rate and carefully calculated it again, 50 million yuan, equivalent to 6.04 million U.S. dollars.

  The three orders add up, and a total of US$7.44 million in equity investment needs to be paid.

  In the next few days, Xia Jingxing sold 160,000 shares at an average price of 46.88 US dollars per share, and withdrew more than 7.5 million US dollars.

  He once again injected US$7.5 million into the Lichun Fund, raising the fund’s management scale to US$27.5 million.

  …………

  …………

  Beijing.

  Tsinghua Science Park Xueyuan Building.

  In a small office of less than 100 square meters, Yang Haoyong, with messy hair and stubble face, was eating instant noodles while chatting with a few young employees whose hair was messed up and was as shabby as him.

   "... classified information advertising website, in China, our Ganji.com is the first to propose this concept."

   Seeing the exhaustion of several employees, Yang Haoyong encouraged, "Everyone, stick to it. When the website is officially launched, we will not eat instant noodles. I invite everyone to eat Dong Lai Shun."

  Several employees who have a green face, who should have just stepped out of campus, all smiled shyly.

  One of them asked, "By the way, Boss, you said that Mr. Xia Jingxing, the CEO of Facebook, invested US$400,000. Is this financing in place?"

  Others heard this and they all turned their attention to Yang Haoyong.

  When they were interviewing, they heard Yang Haoyong’s introduction: I used to be the head of Facebook’s cybersecurity department, and Ganji.com also received an angel investment of RMB 3.3 million from Facebook CEO Xia Jingxing, with a valuation of more than RMB 13 million...

  Anyway, it sounds very tall. The Silicon Valley business elites returned to China to start their own businesses and received huge angel investments from business leaders.

  In this way, they were attracted by the beautiful blueprint drawn by Yang Haoyong and joined Ganji.

   With the dream of ringing the bell for listing, they and Yang Haoyong worked overtime day and night, looking forward to making the website early.

  Slowly, some people have recollected it. Assuming that the company has really gotten millions of investments, and is still squeezed into this 70-square-meter office?

  The only benefit of working overtime is instant noodles? Don't even have a ham sausage?

  Other employees also wanted to ask their boss about financing, so they started booing.

  "Yes, I read it online and said that Facebook is valued at 2 billion dollars, or 3 billion dollars, which is higher than the value of many Chinese stocks."

   "That's really rich. Investing a few million for us, isn't it a drizzle?"

  ……

  Yang Haoyong was a little overwhelmed by the staff's question, his face sank suddenly.

  He returned to the capital city at the end of December, and then completed company registration, renting an office, and recruiting employees in just one week.

   Then he put all his energy into the development of the website.

  Two months later, Xia Jingxing’s investment has not been in place for a long time.

  He made several phone calls to Xia Jingxing, but the other party always shied away from "wait any more."

  After waiting so long, he almost lost his patience.

  He suspects that he has been bounced, because this is also a very common thing in the investment circle.

  After signing the TermSheet (investment intent), it does not mean that you can sit back and relax.

Whether to play money or not to play money depends entirely on the heart of the investor.

  TS is legally defined as an appointment contract, which belongs to the scope of the contract. However, except for mandatory content such as exclusivity and confidentiality obligations, other agreements in TS are not legally binding on investors.

  In other words, even if the signing of the TS is completed, the investor has no legal obligation to invest in the startup company.

  If Envision Capital does not make money, Yang Haoyong will also use them.

  However, there is a time limit in TS. After signing the contract for more than three months, if Envision Capital has not made any money, Ganji can find new investors.

  However, within three months, it must be exclusive and cannot contact other investment institutions.

  Yang Haoyong thought for a while. Now that the financing has not been in place, the staff's military spirit has been shaken, and the people must be stabilized.

   So he squeezed out a smile and said with a smile: "Financing will be officially in place next month. Because of foreign exchange control, U.S. dollar investment cannot directly enter the mainland, and some cumbersome operations are required..."

  The employees heard a series of obscure professional terms such as "offshore fund", "Irish sandwich", "Virgin Islands", "VIE structure", "Hong Kong shell company" and so on, and they were directly dizzy.

  Although I don’t understand, I think it’s amazing.

  They watched Yang Haoyong’s smooth introduction, no doubt there was him, and they all chose to believe it.

  Wait another month, and the hard days will come to an end.

  Think of this, the instant noodles in my hand taste more delicious.

  Yang Haoyong forced a smile, but his heart was bitter.

  He has prepared for the worst. If Vision Capital gives up the investment, then he will use his 100,000 U.S. dollars to support it.

  He made a budget: 100,000 U.S. dollars is converted into RMB 800,000, monthly rent and market cost are 30,000, 10 employees, per capita monthly salary of 2,000 yuan.

  You have to spend 50,000 yuan every month, so that it can last for 16 months, and then no more investment can be attracted, and the game is over.

  Sixteen months, nearly a year and a half, not too short, he believes things will soon take a turn for the better.

  Not only to encourage employees, Yang Haoyong also cheers for himself in his heart.

  After eating the instant noodles, Yang Haoyong and the employees continued to work overtime.

  In the middle of the night, the big guys are already sleepy, and several employees have already yawned.

  A rush of telephone ringing broke the tranquility of the office.

  Yang Haoyong is concentrating on programming, and picks up the phone on the desk.

   "Hao Yong, haven't you rested yet?"

  Listening to the familiar voice on the other end of the phone, Yang Haoyong hurriedly took the phone to his eyes to confirm his name.

  Calling myself so late, could it be...

   Repressing his inner ecstasy, Yang Haoyong pretended to be calm and said, “No, I just finished the instant noodles and are working overtime with the employees. The website will be launched next month.”

  Xia Jingxing smiled, is this crying poor for herself? I also made it clear that the website will be launched soon.

  "Arrange the financial connection, and I will send you the money tomorrow."

The sentence    sounds like the sound of heaven to Yang Haoyong.

  He finally understood why it was called "angel investment", because it appeared at this time, really like an angel, bringing hope and light to the startup company.

   "Okay, OK, I'll arrange it right away."

  Hung up the phone, Yang Haoyong jumped up from his seat, waved his fists, and yelled: "Brothers, financing is coming!"

  This is a terrible thing. The employees have followed behind, crying and howling, expressing their happiness and venting the tremendous pressure brought by continuous overtime these days.

   "Boom, boom~"

  A middle-aged uncle in a security uniform knocked on the door several times, attracting the eyes of the room.

   "Who is the boss of the company? What time is this, and don’t let the employees leave work?

  Hey, I wondered, capitalists don’t have such exploitation of labor, right? How many people have to die suddenly to know how powerful the labor law is?

  甭 is stuck here, get off work quickly, the building is about to lock the door! "

  Uncle Security speaks Beijing accent with a loud voice.

  Several young employees of Ganji.com sounded uncomfortable, and scolded: "We work overtime, we are happy, who is in the way?"

   "Hey, young man, you don't know good people."

   Seeing that there was a conflict, Yang Haoyong hurriedly stopped and said, "Everyone, get off work, take a day off tomorrow, Donglaishun celebrate!"

  Uncle Security shook his head and left, only hearing joyful sounds behind him.

  In this world, people's hearts are not ancient!

  　 There was a power outage at home, and it was cold again, and the third watch will be added tomorrow or the day after tomorrow.

  (End of this chapter)