Chapter 287 Silicon Valley Branch
Xu Liang first eliminated forum companies.
This kind of company has limited future and little investment value.
Travel companies, vertical intermediary companies such as automobiles and real estate, vertical e-commerce companies similar to Zappos, and then a well-developed search company.
That’s right, it’s a search company.
As Bing and Google develop faster and faster, the value of Internet search companies will be increasingly valued. Those giants who want to rush into this industry to eat meat, such as Yahoo, Microsoft, etc., will definitely start to acquire them.
When the time comes, it will be a big profit if it is resold.
After flipping through all the information, Xu Liang probably counted the companies he wanted to invest in.
There are twenty-seven large and small businesses in total.
Although there are many, the value is not high, and the most expensive valuation does not exceed US$200 million.
Of course this is the final hurdle.
In the past 2002, the shadow of the Nasdaq crisis has completely passed.
By 2003, as the Federal Reserve continued to open the floodgates, the federal funds rate would drop to an unprecedented 1%, and a huge amount of U.S. dollars rushed into the market, although most of them went into the real estate industry, creating a crisis. Although the credit crisis is a monster, a large part of it has also entered the venture capital market.
With the re-activation of the market, good companies will become the focus of competition.
What Xu Liang can invest is the US$300 million withdrawn from the Jupiter 2 Fund.
It's his own money.
Investment must be prudent.
So, he ranked the twenty-seven companies in order according to their value.
The first investment will be given priority, and if the funds are still sufficient, the next investment will be continued.
First, PayPal, third-party payment.
Second, Exped Travel, online travel.
Third, Zappos, vertical e-commerce.
Fourth, Owl, a start-up online travel company.
Fifth, OpenTable, online ordering.
Sixth, AskJeeves, Internet search.
As he was writing, Xu Liang suddenly stopped.
After laughing and shaking his head, he threw the pen away.
He suddenly realized that by investing in so many companies at once, Hanhua Capital America Company was bound to recruit on a large scale.
Labor costs are skyrocketing.
Such scattered investments may not make as much money as Xu Liang’s direct investment in Apple and Amazon.
You know, Apple and Amazon currently only have a market value of four to five billion US dollars. When the Nasdaq crisis passes, these two companies can easily double their value several times.
Xu Liang’s investment is all about increasing leverage, and it will be several times higher when the time comes.
Unless you encounter a super potential stock like Google, you will definitely make more money than being a VC.
Totally thankless.
“Forget it, I’m too lazy to bother.”
Look at the list written on the table.
“After all, I spent a lot of time, so I can’t waste it.”
Xu Liang took out his cell phone and called Jiang Xiaoyang.
"Why did you remember to call me? Did Ellison agree to fight in the Octagon with you?"
The beauty's crisp voice was still so beautiful, but her tone was a bit bad.
"Ellison is almost sixty. Unless he is on drugs, how can he fight in the Octagon with me?"
"Hmph. You are good at calculating, no wonder you dare to challenge others."
< br>"Who told him to speak freely? By the way, how are the preparations for the company headquarters now?"
"The drawings are ready, and construction will officially start on the 16th of this month."
“So fast?”
"I just plan to build an office building in a regular way, and I'm not like you who want to build a flying saucer. Of course it will be soon. Also, my dad asked me to ask you, when will the renovation plan of your World Style Park start? ?”
“My father-in-law can’t wait?” Xu Liang said with a smile.
"Go and stop talking sarcastically. A place as big as the World Style Garden is unfinished and has a bad impact. Of course it should be solved as soon as possible."
"Don't worry, I've decided Nothing will go wrong. But we may have to discuss the specific plan with him in person when I'm done." Xu Liang said.
After Jiang Xiaoyang agreed, "How long will it take for you to come back?"
"I will stay here for a while, but I will definitely go back before the Chinese New Year."
"Okay, I understand."
"Xiaoyang, the 100 million U.S. dollars I gave you are still available. How much is left?"
"What? You don't plan to go back?"
"Since I promised you, the company's equity has changed, how can I still want to go back? I found several good investment opportunities in the United States, which require a certain amount of funds." Xu Liangdao.
Jiang Xiaoyang no longer doubted his investment vision and said immediately after hearing this.
“The design fee for the new headquarters and the initial construction fee have already spent the initial 10 million US dollars you gave me.”
Before investing 100 million US dollars in Hanhua, Xu Liang also gave US$10 million to purchase land in Zhongguancun.
“…I can use bank loans later, but I have to leave 5 million US dollars to deal with emergencies.
In addition, there are four branches in Magic City, Pengcheng, Xiangjiang, and San Francisco. We have already spent 15 million U.S. dollars on operation and maintenance, and I still have 20 million U.S. dollars left to maintain operations next year, so all I can give you is 60 million U.S. dollars.”
Xu Liangliang realized that in this era, sixty million US dollars was already a lot.
"Xiaoyang, I remember that the two-year blockade period of the Mars One Fund is coming soon, right?"
"Yes. It will expire in more than three months. The doctor we invested in Both glasses and Guangming Glasses are developing well, and their valuation has doubled compared to before the investment."
Jiang Xiaoyang's tone was filled with joy.
Xu Liang is not surprised by this. China is still in the stage of rapid development. As long as it does not mess around and operates well, the company will develop very quickly, especially the glasses industry, which is a high-profit industry.
“Two homogeneous companies, can they be persuaded to merge?”
Jiang Xiaoyang is also a top financial talent and instantly understood Xu Liang’s plan.
The merger of the two companies will instantly create a powerful eyewear chain among the top three in the country. Both its value and brand will increase exponentially. If it goes public, it will also be more favored by the market.
“During this period, I invited the founders of the two companies to meet and try to make progress.” Jiang Xiaoyang said.
"Most people are greedy for money. You can analyze the benefits of going public for them. If necessary, show them our hedge fund's profit cases."
"Don't worry, I understand."< br>
Xu Liang nodded, "Xiaoyang, Hanhua has been established for almost two years and has invested in many companies. Now we need a successful exit case."
As an investment company, a A successful case is worth a thousand words of persuasion.
Like Xu Liang’s hedge fund.
Looking at the three successful investment cases, everyone is flocking to them, whether they are financial giants on Wall Street or wealthy families in Hong Kong.
There is no need to ask for funds, others will beg you to accept the money.
“Understood, I will regard this matter as Hanhua Capital’s key project in 2002.”
After responding, Xu Liang continued: “Now Hanhua VC has four It’s a bit crowded to put all the sub-funds in China. Put the investment of Mars 2 Fund into Fund 1. In the future, Mars 2 Fund will invest in American start-ups.
In addition, I also got one here. Incubation base, so there is also a Mercury 2 fund here.
In a short period of time, Hanhua Capital USA mainly focused on these two funds. "
"Okay, since you are in the United States, you are responsible. However, who are you going to let manage this side of the United States? "
"I don't have a suitable candidate for the time being. Let Zhao Xun take charge first. Anyway, the Jupiter 1 Fund doesn't have much business. "
"Hmm. "
"How are the talks between Dangdang and Ctrip going? ”
Although his character is not very good, at least he did not act like a monster before the company went public.
Dangdang is still a high-quality company.
Not to mention Ctrip.
“Dangdang has negotiated $8 million, 17.5%.
Ctrip originally refused, but after your challenge to Larry Ellison became popular around the world, They felt that your investment would increase the attention of Ctrip’s listing, so they accepted our financing
$12 million for 10% equity. ”
“Why don’t you order more?” "
"Liang Si has already added more money. He can't bear it because he has already made a profit and the need for cash is not urgent. Financing now is more about paving the way for listing. "
"In addition to the two projects I explained, is there anything else in the Mars 4 Fund? "
"We are currently talking with 51job. We are also in contact with Zhaopin Recruitment. A friend recommended Maopu.com, which I think is pretty good. These are the three projects. ”
Xu Liang nodded, basically all of them were websites he was familiar with later.
“Where’s Sister Xu?”
“Zhen Kungfu invested US$800,000 and took 15% of the shares.
Haidilao invested US$1 million and took 12% of the shares..."
"Haidilao? Is Zhang Yong willing to sell it?"
"Sister Xu worked hard with Zhang Yong for two months in Jianyang before we finally settled down," Jiang Xiaoyang said.
"This is really a hundred-refined steel turned into soft fingers. Sister Xu is so patient." Xu Liang said with a smile.
As long as the 12% equity of Haidilao is secured, the return will be thousands of times in the future.
“One more thing, Sister Xu bought back 12.7% of NetEase’s equity from Baling Capital. The price was a bit expensive, US$5.5 million.”
“I remember when Ba Ling Capital Ling Capital invested 5 million in NetEase?" Xu Liang said.
"Yeah. Baling Capital probably knew that Sister Xu liked NetEase's stock, so it dared to ask for more money."
"5.5 million is just 5.5 million. NetEase is a good stock, let Sister Xu take it." I’ve got this equity,” Xu Liang said.
"Are you also optimistic about NetEase?"
"If Ding Lei hadn't controlled more than half of NetEase's equity, there would be no way to do it. I acquired NetEase instead of Sina." Xu Liangdao.
Pig Factory is the second largest gaming company in China after Goose Factory, and Boss Ding also has a good way of running a company.
Whether it is NetEase Cloud Music, NetEase Strict Selection, or NetEase Youdao, they are all unique.
Before his rebirth, he had a market value of tens of billions of dollars.
Worth it.
Of course, what really matters to him now is not NetEase itself, but the copyright of ‘Westward Journey’.
With "Westward Journey" and "Fantasy Westward Journey", and later mobile game operations, NetEase created a powerful copyright worth 150 billion Huaxia coins.
Everyone is greedy after seeing it.
(End of this chapter)