Chapter 605

Fang Zhe is not surprised. If good projects are so easy to meet, there will not be only dozens of Unicorn enterprises in China.

Among these dozens, more than half of the projects have long been included in the income bag of zhongwin capital, and the remaining ones that have not been included in the income bag of zhongwin capital or Huizhong do not mean that zhongwin capital and Huizhong do not have this strength, but are not optimistic about their future development. For example, VANCL is now a unicorn enterprise in full swing, It doesn't mean that Unicorn enterprises will still be in full swing a few years later.

Seeing Fang zhe didn't speak, Fu Xinming said to himself:

"Recently, there are so many kinds of outlets, such as o2o, VR and virtual reality, sharing economy and new energy vehicles. Since Tesla entered the Chinese market, many domestic entrepreneurs have raised funds under the banner of new forces in car making. Whether these entrepreneurs rely on it or not, they are willing to pay for them."

Fang zhe nodded. In his previous life, domestic capital has overheated in recent years. After a while, the slogan of "mass entrepreneurship and innovation" called by the government will make this heat reach the peak.

In this life, there are many successful cases of Huizhong and countless o2o entrepreneurs, not to mention those coal bosses in Xishan province who don't need money, and even many agricultural tycoons who don't even know how to turn on the computer, are also clamoring to invest in the Internet.

"We have all invested in o2o promising projects, leaving only three cats and two dogs to pay a little attention to VR and virtual reality. According to the logic I told you before, there is no need to invest in those without serious core technologies. This tuyere has been popular many times in decades, and it has never been settled every time. It should be the same this time.

Instead of wasting money on those unreliable entrepreneurs, it's better to save some money and let our own research institutes do the sharing economy. By the way, what's the team status and financial status of ofo in the past six months? "Fang zhe asked.

"If you don't tell me about the team situation, I almost forgot. I met Dave, the founder of ofo, twice. His first feeling to me was that he was very proud. However, considering that he was born as the president of the student union of Huaqing University and his father was an executive of a state-owned enterprise, it was normal to be proud, but I was still a little worried,

His arrogance will affect the development of ofo in the future. As for the other members of the founding team, I have seen it once, and it is not too prominent. I feel that ofo is a speech of David.

In terms of financial status, now ofo in the period of rapid development, money is really a little fast. I estimate that the car laying speed will be faster in the summer, and then it will be time to carry out round a financing. "Fu Xinming truthfully reported what he learned.

Since its establishment, ofo has successively completed the angel round and pre-A round of financing. Zhongying capital invested in ofo during the pre-A round, with an investment of 5 million, accounting for 12.5% of the shares. After this financing, the valuation of ofo also rose to 40 million.

According to Fang Zhe's estimation, the valuation of ofo should exceed 100 million by the time of round a financing in the summer, which should be the last chance for ofo to make a steady profit without losing. If you can participate in financing later, you have to weigh whether you can cash out and leave.

"In that line, you should keep an eye on the projects of sharing economy. Now the capital is overheated, and the winning capital should not be too popular. In the future, this kind of investment should also be invested by borrowing a shell. As for the field of new energy vehicles, if you want to do a good job in cars, you have to burn a lot of money. The requirements for team quality are much higher than those of sharing projects." Fang zhe told Fu Xinming.

The so-called backdoor investment refers to investing money in a company first, and then investing in the target company through this company. Such an investment method is common in the venture capital industry.

In the past two years, because the investment achievements of zhongwin capital are too remarkable, many venture capital funds want to drink soup behind zhongwin, and even many start-ups, because zhongwin capital intends to invest for sale.

As a last resort, in addition to the follow-up financing of early projects, Zhongying capital basically makes little direct investment in new projects. For example, the investment ofo of Zhongying capital actually borrows the shell of a financial fund called Dongfang Shenghong.

Not long after Fang zhe sent Fu Xinming away, Huang Siyi, head of Huizhong investment department, knocked at the door.

Unlike Zhongying capital, which is almost regarded as Fang Zhe's private fund, it basically only invests in early projects. Huizhong investment department under the charge of Huang Siyi represents the external investment of Huizhong whole company. Therefore, it is quite different from Zhongying capital in terms of scale and investment logic.

"Mr. Fang, you can count it back. Several business managers of our investment department have disagreed on the investment direction these two days. I think what they said is very reasonable, so some can't make up their minds. You urgently need to give lessons and guidance to the people in our investment department.

Also, I got the accurate information from JD's board of directors. JD is going to be listed in late may at the latest, but at present, the market is not very optimistic about JD and the valuation is not ideal. President Liu hopes that we can help him. He came to me yesterday morning. Originally, he wanted to find you more, but you have gone to Hangzhou and President Zheng received him. "

When Fang zhe heard that Jingdong president Liu had come to find himself, he was interested: "Oh, President Liu has come to me. He has always been climbing the three treasures hall. It seems that he is really at the point."

Huang Siyi smiled and joked: "well, President Liu has always been a good person who doesn't care about others and has trouble thinking about others. It seems that they have to go public."

Since last year, there has been news on the market that Alibaba is going to be listed this year. JD and Alibaba are both e-commerce companies. If they are listed in the United States, who will be listed in the United States first will be able to seize the name and advantages of the first e-commerce stock in China concept stock, and get a better evaluation and market recognition.

Unfortunately, even if President Liu took so much care, the market still did not recognize Jingdong's positioning, otherwise he would not ask Fang Zhe to come here.

Fang zhe shook his head and said with a smile, "you can't say that. Liu always has no trouble. How can you remember us? Let Li Yifei talk to him later. I think it will be the best of both worlds!"

As soon as Huang Siyi's eyes lit up, president Fang was worthy of president Fang. He asked Li Yifei to meet President Liu. It was nothing more than thinking about Jingdong's consumer data that it had refused to expose to Alipay. Now that President Liu asked to come to the door, there would be a total of this matter.

Huang Siyi couldn't help but extend his thumb to the North Korean philosopher to express his admiration. Then he asked, "what about the investment direction?"

Fang zhe glanced at him, raised his hand and pressed the seat button on his desk. After a while, when Secretary Li Wen came in, he ordered: "you inform Jingdong president Liu and ask him to meet Li Yifei directly, so you don't have to come to me. In addition, you say hello to Li Yifei in advance.

Also, the afternoon after tomorrow, squeeze out two hours. I'll go to the investment department for a meeting. "

Li Wen nodded and left the office. Fang zhe looked at Huang Siyi and asked, "tell me about your investment department. What's your difference?"

Huang Siyi rubbed his eyebrows and said, "don't mention that there are too many outlets in the market. There are a lot of o2o, shared bicycles, virtual reality, bitcoin, etc. now there are two factions in the investment part. One faction is more conservative and hopes to enter the market after the market cools down and sees the situation clearly. The other faction is more radical. It thinks that if some projects don't enter the market now, they may miss the opportunity."

Fang zhe smiled helplessly. No wonder the capital in the market is overheated. Many people in Huizhong investment department are hot headed, not to mention the investors outside?