Chapter 40 Did you forget to take medicine today?

IDG Capital is the first private investment fund to enter the Chinese market, and it mainly invests in scientific and technological innovation enterprises through non-public offering. Since it entered the Chinese market in 1992, it has invested 400 to 500 companies, and nearly 100 companies have succeeded. Baidu alone has brought 100 million dollars in profits to IDG.
The parent company is American International Data Group, and IDG is also one of the top ten venture capital institutions in the world. The investment style is stable but not conservative. It is used to the Angel Wheel and the early stage of leading the Internet, and Carlyle Softbank Huaxia Foundation occupies more than half of the venture capital market.
This is definitely a big bull in the venture capital circle, but it is still in the stage of extensive cultivation and thin harvest, so I don’t know which investment partner it is this time.
"who?"
"Guess?"
"You guess I don’t guess?"
"Don’t stink of poverty, you’ll know then, but shouldn’t you treat me to a big lunch first?"
Li Zhaojun deliberately kept the mystery, but he didn’t say that Chen Bo was itching. He was looking forward to it.
After a wonderful lunch at noon, Chen Bo once again served as a special bus driver and came to an antique teahouse.
With the guide of the staff, Chen Bo has seen two middle-aged men chatting while waiting. Isn’t one of them easy to recognize, who is slightly fat and wears glasses? Isn’t that the "Wantong Six Kings and One Prince"?
The six founders of Wantong Group are the chairman of the board of directors. In the early 1990 s, Hainan real estate found the first pot of gold in the heat. After 95 years, the chairman of the board of directors was discharged as an honorary director, and then he became an IDG partner in the field of venture capital. Moreover, although Lao Wang is from the northeast, he has little intention and delicate temperament. There is a kind of literati romanticism in his bones. When he was old, he played to stimulate an elopement, which made the people of the country relish.
The other one looks familiar and has a baby face. I really can’t figure out who it is for a while.
Chen Bo followed Li Zhaojun next to him. "Do you think the maharaja and Pan Shiyi are alike?"
Li Zhaojun gave him a white smile. "Don’t be poor. They are also business predecessors."
Chen Bo spat out his tongue and stopped making jokes. After a brief introduction, another baby-faced middle-aged man’s identity also surfaced. Xiong Xiaoge, president of IDG Group Asia, was the founder of IDG Group.
This is a giant Buddha in the venture capital circle. Born in the 1950s, he is definitely a father figure of Chen Bo. He arrived in the United States with only $4 and got a master’s degree from Boston University last month. The United States worked as a journalist and went out to work. In 1992, he came to the Chinese market with IDG group’s $10,000 and founded IDG capital.
At that time, the per capita salary was only 12 yuan, which was the iron rice bowl of state-owned enterprises. You said that you had 10 thousand dollars to talk about entrepreneurship and venture capital with them. Isn’t that looking for being cheated? I invested in many companies until the Internet wave came and it improved, and I really paid a lot of school.
Chen Bo still talks to them with a more respectful attitude. The two of them still have a clear understanding of the Internet industry, otherwise it would be impossible to invest in so many Internet companies.
Li Zhaojun sat quietly with a cup of fragrant teas, and looked at the two old people and a young one as if they were spectators, discussing the future development of the Internet. Although it is the cold winter of the Internet, there are also huge opportunities in the eyes of venture capitalists. If everything is going well, why are you looking for venture capitalists? Just go to the bank.
After some probing, Chen Bo questioned himself, "As far as I know, IDG throws more angel wheels. I don’t know what will pay more attention to Skynet this time?"
It’s better to draw a path to find out each other’s routines than to grind their teeth with them
"IDG comparison notes that startups with great development potential in the early days are not necessarily the first round of investment. At the beginning of the month, we just completed the second round of financing for a search company."
Chen Bo, the first prince, has always had a good impression on him. He is a man of true temperament. He will not be too tired to associate with him. Xiong Xiaoge is too refined. Chen Bo should always be careful and be tough.
"Yanjing Baidu?" If IDG also led the second round of search, it must be Baidu, but Baidu is now a search engine enterprise of major networks and has not yet conducted Internet search industry.
"Yes, it seems that you also know something about this company."
"All colleagues have some notes."
"Now the Nasdaq Internet concept stocks in the United States have bottomed out all the way. Now investors can’t avoid it, but we IDG are very interested in Skynet’s business philosophy and model. We IDG also want to add a handful of firewood to Skynet in the cold winter of the Internet." Xiong Xiaoge said at this time!
Chen Bo said coldly, "The two business people are my predecessors, but it’s not right to say so. Others are not optimistic about the Internet. Skynet has already made a profit. This is not a timely help. I think it’s more like robbing fish in troubled waters."
Chen Bo thought that if you want to shake the mountain and shock the tiger, I’m not a vegetarian, and I want to keep the price down. How can there be such a good thing? Isn’t this bullshit?
The two laughed. "Although it is profitable at present, it is quite accidental. Although there is a combination of Pepsi and sky-high prices, Skynet can achieve the goal of profit, but the power of online advertising is limited. I think Skynet has no fixed profit model."
Xiong Xiaoge pointed to the problem key. It’s good that you do have some profits from Skynet, but this sky-high contract can’t make you lie down and eat for a generation. It’s the first thing to have a stable profit point every month and quarter.
This is also the problem that Chen Bo has recently considered, and it is also the biggest problem faced by many Internet people.
"Well, let’s get this straight. I want to know how much money and resources IDG can bring to Skynet to help it develop."
"The replacement of IDG with 10% shares of US$ 10,000 or 5% shares of Ctrip.com will assist the resource integration and financial planning of Skynet Production Planning Department. I think these are what you urgently need!"
More than 10,000 US dollars, more than 10,000 RMB, this is really a lion’s mouth. Ctrip.com’s 5% may be very bullish in the future, but now I want fart, which is not good for Skynet, and it is still 1 for 2. Skynet needs cash support more.
Chen Bo then pretended to be angry and said, "I respect you two for being seniors, but what you have done is naked robbery and robbery." Then another cold hum said, "As far as I know, you IDG invested 50,000 US dollars in Huaxia Learning Network and Baidu 150,000 US dollars, and it still accounts for 5% of the shares. Are these unprofitable companies more valuable than a profitable Skynet in your eyes?"
"The two companies are not comparable, which is why we study Baidu and Learning Network in depth. Both companies are technical companies, and Skynet is the master."
"Baidu is a technology company, and I also recognize that learning network is also a technology company?"
"We are very optimistic about the platform and prospect of learning network"
"But the entertainment industry will be even bigger in the future, and I believe that my team will be the top team in the future." Chen Bo is not prepared to entangle with them too much. "I thanked the two seniors for hosting me today, and we will continue to talk when IDG shows full sincerity!"
Then Portable left with Li Zhaojun without giving them a chance to talk again.
The maharaja was embarrassed because he was very optimistic about this project, and he took the bear pigeon with him. He was embarrassed to say to him, "Look at this whole thing."
Xiong Xiaoge smiled, "Hehe, the little guy is fine. He didn’t close the door to us. Young people have to sharpen their spirits."
Chen Bo walked out of the teahouse with Li Zhaojun in a huff, and Li Zhaojun went straight to the car and laughed, "Stop acting with such a long face."
"You see this? That I was just this acting is not quite a failure. "
"They have been wandering in the mall for many years. You are stupid."
Chen Bo said with a smile, "Nothing can hide from you. At least you are also a shareholder of the company. If IDG comes in, your shares will be diluted. Don’t you have anything to say?"
"IDG’s resources are that I am not as conservative as Goldman Sachs is now, otherwise I would have sufficient resources to keep adding bricks and tiles. Skynet will become an aircraft carrier. It seems that the shares have been diluted but the market value has also been enlarged."
"Great minds think alike, but IDG’s bid is insincere. Let’s hang him for a few days. Skynet is not short of money and I’m not in a hurry."
"You can talk about it next time. If there is anything that needs to be done, Manager Zhao can do it. I will fly away again later. If I say goodbye, I will no longer be an employee of Goldman Sachs."
"In such a hurry? Skynet needs you more in the future, and I’ll leave a place for you. "Actually, Chen Bo wants to say that I need you too, but the words come to his mouth and swallow back.
I wanted to send her to the airport, but Li Zhaojun insisted that Chen Bo would not send her home first and then go back to Skynet.
When he first arrived at the company, Chen Bo walked up to Xin with a straight face and said with a serious expression, "Come to the conference room." Since the establishment of Skynet, there has never been an independent CEO office. If there is anything that needs to be avoided in public, he will come to the small conference room.