My Age of Investment

  Chapter 462 Shadow Fund (seeking monthly ticket)

  Xia Jingxing gave Wang Wei a deep glance, and the latter blushed suddenly, "You know, Tudou can't afford copyright investment now. But your favor, I can always remember.

  I have nothing to report, I can only put this gratitude into my work.

  With 200% enthusiasm for work, we will do a good job in Tudou and go public in the future.

  You, the shareholder, made money, which is also a piece of my heart for reward. "

  Xia Jingxing laughed blankly, this is the picture of the painting on his head.

  For him, making money is just one of the copyright fund matters, and the other is to better control Tudou, and even the entire video industry.

  Wang Wei himself knew that Xia Jingxing was hoarding copyright at the moment, and he was making a big profit.

  Deeper, Wang Wei didn't think about it. Because in his opinion, copyright is something that can make money in the future.

  However, Xia Jingxing has money, and the stocking of videos in his hands also guarantees the future of Tudou. He has no reason to block it.

  "The copyright fund was established just recently, and I am still looking for a manager."

  Xia Jingxing smiled and said, "Don't worry, I promise to use the collected videos to Tudou for free for three years, so I won't break my promise.

  However, if the copyright industry starts to regulate in the future, it will be up to the brothers to settle the accounts. "

  Wang Wei nodded, “I understand that after three years, Tudou.com should be ten or twenty times larger than it is now, and there should be money to pay you at that time.”

   "Okay, that's it."

  After speaking, Xia Jingxing and Breyer left Tudou.com together.

  The two found a western restaurant nearby, and they chatted while having a meal.

  Breyer took a knife and fork to cut up the steak, and said as he ate, "The magic is a good place. The steaks here are better than those in San Francisco."

   "Is it the same with investment?"

  Xia Jingxing guessed that Breyer had something to say.

as predicted!

  Brayer put down his knife and fork, wiped his mouth, and said with a smile: "Dalun, you are now fully entering China's venture capital market. Have you ever thought about finding a strategic partner?"

  Xia Jingxing smiled, "Aren't we partners?"

   "I'm talking about the kind of strategic partnership."

  Brayer looked at Xia Jingxing and smiled: “I think everyone in the world underestimates you. Your talent in the venture capital industry is not weaker than that of starting a business on the Internet.”

  Xia Jingxing guessed that Breyer's remarks were based on the case of Scappe's withdrawal.

  Next, Breyer really mentioned Scape.

  "At that time, it would have been nice for you to introduce Scape to Axel, what a pity!"

  Brayer said and shook his head, almost slamming his chest.

   "I said, man, you don't want me, or Vision Capital to help you introduce the project in the future, right?"

  Brayer was very thick-skinned, and nodded and said: "Yes, that's what I meant.

  In the future, you or Vision Capital invests in the project, you can tell us, let us cast the next round, or join with you in the investment.

   When we work together, we will be a lot more calm when running a project, and the risk will be much lower.

  Especially since we have cooperated so many times, Axel invested in Facebook, and also co-invested in Youyou Mi with Facebook, and now co-invested in Tudou with Envision Capital.

  We have a foundation of trust with each other, and join forces. The venture capital market in China and the United States allows us to gallop.

  Of course, Axel will not all take advantage of you. We have good projects and we will share them with Vision Capital.

  You have to know, we, Axel, used to be one of the top five venture capitalists in the world! "

  Xia Jingxing smiled and said, "You know, that was before."

  If you don’t consider the opening factor, Xia Jingxing thinks that Breyer’s request is reasonable and fair.

  Like Defengjie and IDG, Sequoia China and ZhenFund, they are all CPs, working together to fight the world.

  But he has golden fingers in his hands, so there is no reason to separate people's interests casually.

   In the cooperation between Youyoumi and Tudou.com, Xia Jingxing has considered evading the non-competition agreement.

  Otherwise, he would not bother to play with Axel.

  Brayer pondered for a moment, and replied: "Daren, don't rush to reject me.

  You should know that in today's society, wealth and power are concentrated in the hands of a small number of people.

  Axel has been operating in the United States for more than 20 years, and we have a lot of invisible resources in our hands.

  If things like robbing projects happen, it will definitely be easier with Axel's help.

  There are also post-investment management services for enterprises. With all due respect, Envision Capital has done a mess in this area. "

  The post-investment service stamped Xia Jingxing’s pain points. He defended: “Isn’t this only this year that Vision Capital was officially operated? Post-investment service is not a few months, it can be sorted out in one or two years.”

   Breyer nodded, "If you have Axel's help, you can shorten this process."

  Xia Jingxing waved his hand, "No, we have our own characteristics, instead of becoming a copy of Axel.

  Actually, I am already preparing for this work.

  In another year or two, you should see a brand new vision capital. "

Seeing Xia Jingxing's resolute attitude, Breyer did not continue to lick his face for cooperation, shrugged and said: "Well, that's really a shame.

  I am going back to the United States tomorrow. If you change your mind, you can call me at any time. "

   "I have a cooperation plan, would you like to listen to it?"

  Brayer suddenly became interested, "you said."

  Xia Jingxing smiled, “Axel has set up an independent investment institution in China, just like Sequoia Capital China.”

   Breyer's eyes rolled, "Then you want to be Axel's behind-the-scenes funder?"

  It’s easy to talk to smart people. Xia Jingxing said the first half of the sentence, and Breyer directly guessed the second half.

  Xia Jingxing smiled and said, "What do you think? Just borrow your sign and pay you a brand license fee every year."

   "This idea is not very good."

   Breyer shook his head like a rattle, "We are an investment institution with a glorious 22-year history. How can we sell our own signs?

  Change the way of cooperation, for example, Envision Capital and Axel each contribute half of their capital, and everyone will share the risk. "

  Xia Jingxing wants to set up a shadow fund to invest in some projects that Vision Capital is not convenient to invest in.

  Axel was selected because the opponent has a foreign sign, which can be used as soon as it is used, saving some time for foundation.

  Of course, he himself is also a living sign, and he has injected his influence into vision capital.

  It can be said that he made Envision Capital into a star capital by himself.

   But he himself went to build another fund, which seemed redundant, and at the same time exposed his goal.

   "Let's do this, you invest 10% of the funds in, and I will invest the remaining 90%.

  Every subsequent fund of Axel China will contribute capital according to this capital contribution ratio. "

  Brayer raised his eyebrows, “What about Axel China’s operating profit and the profit share of the fund?”

   "Nineteen points naturally!"

  Xia Jingxing smiled slightly. If the investor invests 100 million yuan to the fund manager, it is agreed that the annual management fee is 2% and the fund’s profit is divided into 20%. This is also the “2+20” used in the industry.

  Five years later, the scale of the fund has reached 200 million. After deducting management fees, there is still 190 million, and the net profit is 90 million.

  80% of the 90 million will be allocated to the capital, and 100 million principal will be allocated together;

  Attributable to investment institutions is 20% of 90 million, that is, 18 million. Including management fees of 10 million, the total income of investment institutions is 28 million.

  This money has to pay for the daily personnel expenses of the investment institution, the project bonus of the fund manager/partner, and the rest will go to the founding partner of the investment institution—the real big boss.

  (End of this chapter)