Chapter 924 New York Office
Chu Gang thought for a moment and apologized sincerely.
"Mr. Xu, it's my fault. I didn't study and analyze it carefully, so I kept increasing leverage on a wrong goal. If you hadn't woken me up, I almost caused heavy losses to the company."
Xu Liang sighed inwardly.
Hanhua has developed too fast and successfully, making many of Hanhua’s senior executives become arrogant.
Especially in the Internet industry, which he believes will have great development in the future, he continues to increase leverage investments without conducting in-depth analysis.
Although most of them are successful, there are also existences like Yahoo that are declining.
According to his original idea, these people should be allowed to fail a few times and learn to change after they feel the pain.
But the New York office invested too much money in Yahoo, and the leverage was close to $600 million.
If this money is lost, the impact will be too great.
He had to intervene.
Although he does not interfere with the investment of major studios on the surface, in fact, he will carefully review all investment portfolios of major studios.
Small mistakes are allowed, but big mistakes must not be made.
"Old Chu, Yahoo's market value has not collapsed. Strictly speaking, you have not made a mistake, so I will not punish you. But you should take a lesson from this incident.
Any investment target must be carefully investigated and weighed repeatedly
Leverage should be used with even greater caution. ”
Chu Gang nodded quickly and agreed.
I don’t know if it was an illusion, but after this meeting, I always felt that the big boss’s momentum was stronger.
Inadvertently One look made him feel stressed.
“Javid and Chad are not in New York? ”
"Javid spends most of his time in Washington, and Chad is mainly responsible for investments in Boston.
Except when the company is having meetings, they are basically not in New York." Chu Gang said quickly.
When Hanhua established the Mars 13 and Mars 14 venture capital funds, its main investment direction was the Washington and Boston markets.
Although now merged into the New York office, these two branch offices have not been cancelled.
“Mr. Xu, I want to set up an incubator and venture capital fund under the New York office, relying on the educational resources of Columbia University, New York University, New York Institute of Technology and other prestigious universities to find more investment opportunities.”
"New York has very rich educational resources and is a world-class metropolis. It is also appropriate to establish an incubator and investment fund. I agree to this."
"Mr. Xu, thank you for your support of the New York office. Support me." Chu Gang said quickly.
After smiling and nodding, he said meaningfully: "You are the CEO of the New York office, and you will also receive a share of the profits from the No. 1 and No. 2 investment funds."
New York No. 1 Venture Capital The managers of the fund and New York No. 2 Venture Capital Fund are Javid and Chad respectively. The former manages US$100 million and the latter manages US$500 million.
The meaning behind the big boss’s words is that Chu Gang’s heart is like a mirror.
"Don't worry, I will unite my colleagues and create more benefits for the company."
"You are the person in charge of the New York office. How do you manage it? How do you balance the interests of the people under you? It's your job. I only look at the results."
"Understood."
"Have you considered the specific personnel list of New York Venture Capital Fund 5, especially the fund manager?" Liang asked instead.
Chu Gang nodded and handed over a piece of information.
"Liang Jianyu, former senior analyst of Mars 2 Investment Fund and PhD in computer science from Stanford, has selected 27 entrepreneurial projects for investment.
Basically all of them have entered the second round.
There are 11 companies with a valuation of over 100 million.
There are two companies that have been listed, 'Cars.com' and 'OpenTable'. The market value of the former has exceeded 1 billion US dollars.
It is the United States. The largest automotive vertical website.
In the three years since joining the company, he has generated $982 million in returns on $43 million in funding, and that number continues to grow.
Is a very good senior analyst. ”
As the world’s top venture capital firm.
Hanhua’s mailbox receives a large number of applications from start-up companies every day.
Even if the fund manager has a busy day You may not finish it all at night, let alone inspect it.
Therefore, within Hanhua, each fund is assigned a certain number of analysts based on the amount of funds raised.
These analysts are responsible for the preliminary selection of entrepreneurial projects. In order to avoid errors and omissions, basically every entrepreneurial project will be cross-examined by three analysts.
These reviewed entrepreneurial projects.
Will enter the entrepreneurial incubator under Hanhua.
Of course, if any analyst feels that a project is valuable and worth investing in.
Then he can use his free disposal of US$500,000 or 4 million Huaxia coins to make an angel round investment.
A senior analyst has discretionary funds of up to US$10 million.
Has angel round and A round investment authority.
If the senior analyst has positive investment returns for three consecutive years, then he can apply to establish a venture capital fund of his own responsibility and become a fund manager.
In Hanhua, fund managers are responsible for Series B, Series C and Series Pe investments.
This mechanism not only gives young investment elites the opportunity to display their talents, cultivates talents, but also improves investment efficiency.
Xu Liang looked at the information he handed over and put it aside with a smile.
"Liang Jianyu is Junrui's top general, is he willing to give it to you?"
"Of course Lao Lin is reluctant, but his Silicon Valley office also needs to set up a private equity fund, and he also lacks experienced people. The person in charge, so I plan to exchange Xiaolin with him.”
“You are willing to do so,” Xu Liang said with a smile.
Before the New York office was established, Lin Xiaofeng was Chu Gang's deputy. After Chu Gang raised US$1.5 billion to establish Baihu No. 2 private equity fund, Lin Xiaofeng became the actual person in charge of Baihu No. 1.
For Chu Gang, Lin Xiaofeng is the general of the humerus.
"I can't let go of Lao Lin, but I have no choice. The only one I can like and feel relieved about is Liang Jianyu, so we can only exchange."
Xu Liang nodded.
He would not object to the movement of personnel between the two offices as long as it did not violate his principles.
And it is indeed the best choice.
Boom...
A thunder suddenly sounded outside the window.
Xu Liang looked over subconsciously.
The wind blew loudly in the overcast sky, indicating that a heavy rain was coming.
Noting his eyes, Chu Gang smiled.
"Now is the season for hurricanes in the Atlantic Ocean, and it is also rainy in New York. The weather forecast says there will be rain in the next week, and there will be heavy rain today and tomorrow."
Xu Liang nodded slightly. , stood up and walked to the window, folded his arms and stared at the dim sky with lightning and thunder outside, frowning slightly, always feeling as if he had forgotten something.
I pondered for a while, but gained nothing.
Shaked his head.
“Let’s go, take me around the company.”
“Okay.”
When Xu Liang left Hanhua’s New York office, there were raindrops the size of peas It has been smashed down.
It turned into pouring rain in a very short period of time.
"Brother Liang, looking at this, I'm afraid I won't be able to go to Silicon Valley in the afternoon." Huo Gang said.
Xu Liang nodded, "Let the convoy stop for a moment and wait for the rain to lighten before leaving."
Driving in heavy rain, you can't see the road ahead clearly, and the ground is slippery. Very dangerous.
If it is a danger brought by the natural environment, that's it. I am afraid that someone will take the opportunity to cause trouble.
So he would rather be careful than give someone with ulterior motives a chance.
Huo Gang quickly went to make a phone call.
Soon five Maybachs parked on the side of the road.
Xu Liang sat on the backrest of the car and closed his eyes to relax.
The rolling rain outside hit the car like thunder.
However, Xu Liang not only did not feel irritable, but felt particularly calm in his heart.
Thunderstorms come and go quickly.
In less than ten minutes, the heavy rain turned into a steady drizzle.
The motorcade set off again and soon arrived at the mansion on the Upper East Side.
“Mr. Xu.”
Looking at the beauty approaching, Xu Liang stepped forward and held her hand.
"Why didn't you rest in the room for a while?"
Lu Hui, who had a hint of shyness on her pretty face, subconsciously closed her legs.
“It doesn’t hurt so much after taking the medicine.”
Xu Liang smiled, put his arms around his slender waist, and hugged her directly.
"It doesn't matter what you said, I want to check it carefully."
The beauty's pretty face suddenly turned red.
With so many people watching around, Xu Liang’s words were explicit. She was a young girl who had just transformed, and she felt very shy.
Dingling bells...
The sudden ringing of the phone interrupted Xu Liang's search for fragrance and jade.
"Xu...Mr. Xu, phone number."
Beauty's shy reminder.
Xu Liang hugged her and sat down on the sofa next to her.
Not many people can call him directly on his personal mobile phone.
Took it out and looked at the caller ID.
Pressed the answer button.
"Dear Xu, I heard you came to New York?"
A middle-aged man's voice came over.
"James, I just arrived last night, and you know it today? Are you so concerned about me?"
"Xu, for such a big deal as the acquisition of Vivendi Group, who in the global business community would not Attention? You, the manipulator behind the scenes, are now famous. I am just one of them."
"Okay, so you just called me to congratulate me. Will I come to the United States again?”
"We are good friends who have worked together for many years. Now that you have come to New York, you must do your part as a landlord, both emotionally and logically. And it's not just me, Lloyd also wants to meet you."
Can be Damn Mo Only Goldman Sachs’ newly appointed CEO Lloyd Blankfein has been called this by CEO James Gorman.
Xu Liang thought briefly, "When?"
(End of this chapter)