My Age of Investment

  Chapter 381 Pimps come to the door (seeking monthly pass)

   "Jingxing, I haven't contacted you for a long time, how are you doing?"

  Xia Jingxing was sitting in the office of Envision Capital, reading and approving work emails, and suddenly received a call. For a long time, he did not remember who was on the other end of the phone.

  The voice is very familiar, but the phone number is displayed as an unfamiliar number without remarks.

   "Uh... it's okay, how about you?"

  Xia Jingxing felt embarrassed when she turned her head to ask who the other person was.

   So I had to start an awkward chat, and at the same time, based on the chat content, quickly analyze who the other party is.

  "I graduated from Harvard MBA this year and returned to my home country to join a retail company and barely make ends meet.

  You are still good. Facebook was only valued at US$5 million two years ago, and it has just completed an angel round of financing.

  I also told Rao Lei and the others that Facebook will definitely surprise everyone in the future.

  As expected, the valuation is tens of billions of dollars, tusk tusk~"

  Hearing this, Xia Jingxing knew who the other party was. He went to Harvard MBA and met Rao Lei. Isn’t it just Lin Yaocheng!

  In fact, he and Lin Yaocheng have eaten together a few times, but it doesn’t matter how good they are.

  After the other party went to Harvard to study for an MBA, they almost broke off contact.

  Call yourself now, don’t you just ask yourself to borrow money?

  Or I just plan to start a business and want to pull investment from myself.

  Xia Jingxing smiled modestly on the phone and waited patiently for the other party to tell her the true purpose.

   "Yes, I saw on the news that you stepped down as CEO of Facebook and started an investment agency called Envision Capital."

  Hearing this, Xia Jingxing knew that it was exactly what she thought, and was here to pull investment.

  He did not express his opinion easily, and listened patiently.

  "You have now transformed into an investor. I have a project here. Would you like to take a look?"

  Xia Jingxing asked: "Are you planning to start a business?"

  "It's not me, it's two friends. I think they are not bad and I want to recommend them to you."

  Xia Jingxing frowned, listening to this tone, is the other party working part-time as a financing FA?

   is the investment bank role of Chen Hong and others, commonly known as intermediary.

  To do this job well, you must have a wide range of friends. You must know enough entrepreneurs and many investment institutions to act as a bridge between the two.

  After the financing is successful, the entrepreneur has to pay 3%-5% of the financing to FA as an intermediary fee.

  You can also use company equity as a reward without paying.

  Xia Jingxing thought of Lin Yaocheng as this type of person, but he did not particularly reject it. Anyway, this financing intermediary fee is not paid by the investment institution.

  It’s okay to hear what the other person recommends.

  So he replied: "Okay, then you can talk about their entrepreneurial projects."

  "This company is called Workday and was co-founded by PeopleSoft co-founder Anil Busri and Chief Strategy Officer Dave Duffield.

  It is still in the line of business, providing enterprise customers with human resource technology solutions.

  PeopleSoft, you should have heard of it, right?

   used to be the world’s second largest enterprise software vendor. It was this company that bought the IT human resources platform Skillsvillage that I founded during my studies at Stanford University for 32 million US dollars.

  Then, I also got to know the founders of PeopleSoft.

  Last year, Oracle launched a hostile takeover of PeopleSoft and acquired PeopleSoft at a cost of 10.3 billion U.S. dollars. Several founders were also kicked out of the company they founded.

  Now they want revenge on Oracle, so they started all over again and founded what is now the "working day" company.

how about it? Isn't this project good? The founder is a veteran of the industry, and he is doing his job.

  However, the only thing to consider is whether it can withstand Oracle's suppression. "

  Xia Jingxing immediately remembered which company it was when he heard about the name “Workday”.

  During this period, he has been looking for good investment targets.

  But the business plan received in the email is all companies that have never heard of the name.

  He didn’t even look at it because he hadn’t heard of the name.

  After all, there are too many startup companies in the United States, and he may not remember the names of many unicorns.

  So, for the startup companies that entered the mailbox, he carefully read the business plan, and also selected a few companies to meet, but they all felt that it was not good.

  In the past few months, I haven't played a hand once.

  Just now about to doze off, Lin Yaocheng took a pillow and delivered it.

  Workdays, the founders of this company are also legends. After the malicious acquisition of the company by Oracle, they really made a comeback.

  The working day company founded by it, and Facebook went public in the same year, with a market value of more than 10 billion U.S. dollars, and reached a market value of 60 billion U.S. dollars in the following years.

  The reason why I can fall and climb up is because it has caught up with the technology wave. This company has added a cloud computing concept to human resources software.

   Thinking of this, Xia Jingxing was really tempted.

  However, he quickly calmed down again.

  "According to their industry qualifications and worth, there will be no shortage of early development funds, right?"

  There was a hearty laughter from the other end of the phone: "Dalun, you deserve it, yes, the A round of financing has already ended, and the two founders and Graylock invested together."

  Xia Jingxing has heard of Graylock, this venture capital institution was established in 1965, and its qualifications are older than Sequoia Capital and Kaipeng Huaying.

  But its reputation is a bit weaker, but it is also a very successful investment institution.

  He knew that this kind of well-known founder came out to start a business project, it is not easy to do!

  Compared with inexperienced college students, venture capitalists naturally prefer entrepreneurs with successful past and rich industry experience.

  Especially the entrepreneurial field is still on the B-side, which is much more difficult than the C-side. For those with no industry experience, venture capitalists will not even read the business plan.

Although the two industry leaders lost control of PeopleSoft, they were driven out of their homes by Oracle.

  But it wasn’t because of bankruptcy or financial scandal.

  On the contrary, being able to be acquired by hostile means just shows the quality of the company.

  Sloppy companies, no one will care about them.

  So it is not surprising that two people came out to start a business and were intercepted by other investment institutions early in the morning.

   "People's A round of financing is over, what do you call me now? They want to open a B round of financing?"

   Lin Yaocheng explained: “No, they want to open an A+ round of financing to supplement the company’s cash reserves and working capital.

  Because of Oracle's deterrence, and the company's development during workdays fell short of expectations, many investment institutions have shrunk.

  So they looked around for friends to help recommend investment institutions. When they found me, I thought of you the first time.

  However, I have to tell you the shame first. The investment risk is not small, so proceed with caution! "

  Xia Jingxing smiled, the concept of cloud computing will not be born until next year, and most of the workdays did not find a suitable business entry.

   Coupled with the suppression of Larry Ellison's stinky rogue, it is no surprise that this startup is struggling.

  And this is exactly a good investment opportunity.

   "Okay, you can tell the two founders of the working day, this business, we Vision Capital took over!"

   "Okay, OK, I'll contact them right away."

  Lin Yaocheng thought Xia Jingxing would hesitate, but he did not expect to agree so readily.

  He quietly calculated the remuneration in his heart, fearing that it would be enough to buy three houses in the third ring of the capital.

  One phone call can earn three houses. Where can I find this transaction?

   However, all of this has to be known after the two sides have discussed it, and we can’t be happy too early.

  Here, Xia Jingxing hung up the phone.

  Just listening to Lin Yaocheng's laughter, he knew that the other party would definitely charge a fee.

  However, this is not his business, and he even hopes that the other party will introduce more good projects.

  He squeezed his chin and thought to himself, shouldn’t it be a good publicity?

  Let all FA people know the pride of Envision Capital!

  　Thanks to book friends 20210206000459064, Moga Xia aaa, peanut-growing duck, and enjoy the reward 01!

  (End of this chapter)