Chapter 385 Mars II Fund
After the press conference, Yang Zhiyuan came over.
"Xu Liang, there is a Chinese Mutual Aid Association reception tonight at Isaac Manor. Do you want to join us?"
"Of course I am interested. But I don't know about this Isaac Manor. The specific address." Xu Liangdao.
In the past, he had no interest in these social activities.
But now that I am working at Hanhua Capital, I also need to expand my contacts in the rich circle.
"At six o'clock in the evening, I will go to the hotel where you are staying to find you, and we will go together then."
"Okay."
Yang Zhiyuan smiled and said: "Then See you in the evening?”
“See you in the evening.”
After watching him leave, Xu Liang took Lu Hui and others into the car.
"Mr. Xu, where are you going next?"
"I haven't been to Hanhua Silicon Valley Branch in the past few days. It's still early, so let's go there." Xu Liangdao .
The car started and slowly arrived at No. 2104 Sand Dune Road in Silicon Valley.
After parking the car and passing the inspection by the security guard at the door, Xu Liang walked into the lobby.
When he arrived in January this year, the still empty lobby on the first floor was already crowded with young and passionate entrepreneurs.
From them, Xu Liang seemed to see himself three years ago.
"You...are you Xu from Hongmeng?"
The excited voice made Xu Liang subconsciously turn his head to look. A short and thin white young man with messy short hair looked at him excitedly. Hold yourself.
“Do you know me?”
The white young man came over happily. Huo was just about to stop him, but Xu Liang stopped him.
“Hello, my name is Chris. I am a third-year computer science student at Stanford University. I listened to your wonderful speech at Stanford. God testifies, it gave me a very important Life enlightenment.”
He spoke very fast. Fortunately, Xu Liang’s English speaking skills have improved a lot, otherwise he would not be able to hear clearly.
"Hello, Chris. It's my honor to be able to help you." Xu Liang smiled.
The movement between the two people quickly attracted the attention of everyone around them.
In Hanhua's entrepreneurial incubation center, the person most familiar to entrepreneurs is Xu Liang, the boss of Hanhua and the founder of Hongmeng.
As soon as they saw him, everyone quickly gathered around him.
It quickly became overwhelming.
"Xu, you are my idol."
"Xu Liang, can you invest in the website I developed?"......
They are all young people and do not have much concept of class in their minds. They are very enthusiastic around Xu Liang at this moment.
However, Huo Gang was nervous, fearing that someone was secretly plotting something wrong.
“Everyone, be quiet, be quiet.”
Xu Liang shouted to suppress everyone’s voices.
“I am very happy that you have chosen Hanhua as the place to start your business. We will do our best to help you start your business.
However, everyone has so many projects that I can’t finish them all today even if I try my best. So I suggest that you make a detailed case of your project and hand it over to the person in charge of the incubator.
In the next few days, I will review your entrepreneurial projects one by one in order and provide opinions.
This is more efficient, what do you think? "
"Everyone, please disperse. Mr. Xu will stay in Silicon Valley for a period of time to comment on your projects, so you don't have to worry, everyone has a chance. ”
A young man in a black suit slowly walked through the crowd and came over.
Xu Liang knew each other.
Lin Junrui, general manager of Hanhua Capital Silicon Valley Branch and head of Mars II Fund and Mercury II Fund.
After hearing the movement below, he hurried over.
Fortunately, those who can enter the Hanhua Incubator are highly educated and top talents with good quality.
After the initial excitement of meeting the idol in the past, I politely moved out of the way under the persuasion of the Hanhua staff.
Xu Liang walked towards the second floor from the separated crowd.
Seeing him leave, the people below also slowly dispersed.
Come to the second floor.
It is relatively empty here.
Less than one-third of the three thousand square meters is used for offices, and the rest is still empty.
"Mr. Xu."
Everyone saw him coming up and greeted him quickly.
After Xu Liang smiled and nodded, he came to the office and asked Lin Junrui to sit down.
"You have developed well in the past six months. Now the Mercury Fund has more than 20 projects under its jurisdiction, right?"
"Thanks to your speech at Stanford at the beginning of this year, more than half of Stanford students are now Entrepreneurship projects will all apply to our incubation room. There are many projects, and it is easy to choose.
After more than half a year, Mercury Fund has invested in 27 projects. Although it was established late, it is not inferior to other famous incubator companies. ”
While Lin Junrui was happy, he also looked at Xu Liang with admiration in his eyes.
A speech can attract so many people, and he has been able to attract so many people for so many years. It was the first time I saw him.
Xu Liang smiled. What he gave in his Stanford speech was full of useful information.
And those who can get into Stanford are also elites.
By combining the two, they can naturally judge the value of their speeches.
However, the speech is just a starting point. Whether you can seize the opportunity to start a business successfully depends on your personal ability.
But for those who have found their entrepreneurial direction through their own speeches, when they are confused, the first person they think of is him, and they want his help to guide them on the subsequent path.
This is a human instinctive choice.
But this choice led them all to the Mercury Incubator of Hanhua Capital.
This is also the reason why Xu Liang chose to give practical information in his speech.
Of course, another very important reason is that, except for a very few areas, the US Internet market does not intend to develop on its own.
In this case, of course, you must cash in your foresight into an investment that can provide you with benefits.
“How many more positions can be provided in the incubation center?” Xu Liang continued to ask.
"About thirty more can be provided."
"Do I need to purchase a new venue?"
Lin Junrui shook his head and said: "The review threshold for our incubation room is very high. After the peak application period has passed, , it takes an average of half a month for one to move in, so the remaining locations can still be used for at least a year.
And some growing companies will move out here and look for new office space. < br>
There is no need to look for a new incubation center for the time being. ”
Xu Liang nodded. Now that the Nasdaq crisis has just passed, the second wave of Internet entrepreneurship is far from coming. There is indeed no need to build a new incubator entrepreneurship center.
“Pay attention to changes in the external environment in a timely manner, and do not blindly raise the threshold of the incubator. As long as it meets the standards, we will absorb it. How much does it cost to rent a space? As long as we win a project, we can earn back ten times or a hundred times. , Don't let the small lose the big." Xu Liang said.
“Understood.”
Xu Liang nodded and changed the topic, “How is the development of Mars II Fund now?”
“Since this year, we have been Invest according to the list you originally left. The 60 million US dollars will be invested except 10 million for the Mercury Fund to operate the incubator.”
"How many companies have you invested in?"
"Currently there are 19, most of them are two to three million US dollars. The largest investment is Exped Travel, which invested five million and got 9% of the equity.
Most of the remaining companies range from 5% to 10%.”
Mars Fund mainly focuses on Series A and Series B, and the initial investment is not large.
But the $50 million in funding is still a little short.
However, unless Hanhua invests its own money, it will be difficult to attract funds from the outside world. After all, the Silicon Valley branch of Hanhua Capital has not yet achieved much success.
“Mr. Xu, it’s time for us to raise a new fund, otherwise we won’t have any money to invest when the incubator’s projects mature.”
Xu Liang was silent for a moment, “If we raise a new fund, you How much money do you expect to raise?”
“I don’t know, but your name is very famous in the financial and Chinese circles. As long as you hold more investment receptions, I believe many people will invest some money. Try it.
Although each person’s investment is not much, it is not a small amount in total.” Lin Junrui said.
Xu Liang nodded and thought for a moment.
“I’m going to attend a Chinese mutual aid meeting in the evening. There will be many wealthy people there. You go with me. Let’s get to know each other first. Then you can call them later and see if you can raise money. How much.”
“Okay.”
He is also from a Chinese family and is wealthy.
I am no stranger to the Chinese Mutual Aid Association in San Francisco.
"By the way, Mr. Xu, should the new fund this time have a new name?"
Xu Liang nodded, "It is indeed not easy to mix with the old fund."
Briefly After pondering.
“Let’s see, the US$50 million invested previously is called ‘Mars 2 Fund A’, and the new fund raised this time is called ‘Mars 2 Fund B’.”
Mars Fund is Hongmeng’s investment brand focusing on the VC field. It currently has four funds: Beijing No. 1 Fund, Magic City No. 3 Fund, Pengcheng No. 4 Fund and Silicon Valley No. 2 Fund.
These four funds will all develop in the form of parent funds.
Work together to shape the VC brand of ‘Mars Fund’.
Under the four major parent funds, each sub-fund will be shaped.
Lin Junrui nodded, "Mr. Xu, Silicon Valley is a global innovation center. We at Hanhua Capital already have the Mercury II Fund here, which corresponds to the angel round, and the Mars II Fund, which corresponds to the VC field. We still lack I won the PE round of Jupiter Fund
So, I applied to establish Jupiter III Fund in Silicon Valley.”
"What you said does make sense. It is easy to set up a new fund. The key is whether it can raise enough money after it is established."
After saying this, Xu Liang smiled and patted Lin Junrui on the shoulder.
(End of this chapter)