Reinventing the Millennium.

Chapter 191 Textbook Meetings (Two in One)

With the departure of Xiong Xiaoge, the president of IDG Capital Huaxia District, the venture capitalists who were present today breathed a sigh of relief, while Fang Zhuo heaved a sigh of relief.

Xiong Xiaoge is one of the earliest investors in China, dating back to 93.

The real rise of domestic venture capital came after the "CPPCC Proposal No. 98" was put forward in 1. Only then did a group of foreign and private capital enter this field, setting off a rush of venture capital investment.

Among them, Xiong Xiaoge, on behalf of IDG and the Ministry of Science and Technology, established a technology venture capital fund, promising to provide 7 billion US dollars of start-up funds to the domestic technology industry within 10 years, which is particularly eye-catching.

It can be said that he is the leading brother who is the most professional, knowledgeable in law and knowledgeable in venture capital among the group of people present today.

Guahao.com just issued an announcement last night. In less than 10 hours, he gathered and connected seven venture capital companies and decided to hold a general meeting of shareholders and directly replace the president of Guahao.com.

No sympathy at all, no room for it.

It can't be said that it's not decisive, it can't be said that it's not old-fashioned.

Of course, this is also because the front and back operations of Guahao.com are too irritating...

Fang Zhuo felt sympathy for Xiong Xiaoge, but he didn't care about anything just because of his celebrity status.

In the final analysis, the first purpose of VCs willing to invest money is for profit, and all other things are inferior to this priority.

Therefore, what belongs to God belongs to God, what belongs to Caesar belongs to Caesar, and what belongs to venture capital belongs to Guahao.com. This is protected by law in black and white!
"Everyone, please sit down, everything needs to be discussed, why is this so?"

Faced with the remaining six VCs that lost their leaders, Fang Zhuo's tone softened a lot.

The real development of domestic venture capital is two or three years. Once Xiong Xiaoge left, we can talk about professionalism, including Xu Xin of Capital Today, Liao Yong of Sequoia, and half of Shen Xin. Wang Fengyi.

Others, such as Dachen Venture Capital, which was established in April last year, came out for business when they were still relatively ignorant.

But having said that, it may not be difficult to deal with professional ones, but unprofessional ones may be even more troublesome.

Fang Zhuo scratched his head between thoughts, and said with a wry smile: "Mr. Xiong probably misunderstood me."

He called by name and said: "But Mr. Xu, your capital today is still invested in my Yike, and you also come to force the palace with you?"

Xu Xin hesitated, her personality was not as firm as Xiong Xiaoge's, and she did get along well with Fang Zhuo before, and she held 5% of Yike's shares, sighed: "We are also helpless."

As I said before, the contract has been signed and the money has been spent. Now it is a breach of contract to yell about divestment, but if there is no breach of contract, wouldn't the money be wasted?

Moreover, this cannot be delayed. Once delayed, the money in the account will be gone.

Fang Zhuo ignored her, and continued to roll the roll: "Mr. Qiao, well, let others forget it, and Shenzhen Venture Capital will also join in the fun? Is this how your state-owned assets do things? Are you going to force me to violate national policies today?"

He didn't wait for an answer, and looked at the next person: "Mr. Zhou, Dachen Venture Capital was crying and shouting for the second round last month. I said at the time that there are risks and risks. Don't come if you are just established. Because of Mr. Zheng's face, I still let you join in, do you think I'm easy to bully now?"

When Fang Zhuo said this, he looked around, slammed the table, and shouted: "Where is Mr. Zheng? Why doesn't Zheng Lang from Sequoia dare to come to see me!"

Sequoia's Liao Yong, who was present today, is also a vice president, and his rank is slightly lower than Zheng Lang. He was about to get his name when he heard it, but he just skipped it, and couldn't help saying angrily: "Fang Zhuo, you called What are you shouting?!"

Fang Zhuo glared: "The voting rights in the option pool can't even be counted? You are also worthy to force the palace to seize power? What's your name!"

Liao Yong was ashamed and annoyed, he gritted his teeth and said, "I am Liao Yong."

Fang Zhuo scolded: "You still dare to sign up! Liao Yong, today's shareholder meeting won't bring down Fang Zhuo, the responsibility is entirely on you Sequoia! You still have the face to sit here!"

Liao Yong was dumbfounded, his face was red, and he felt like being reprimanded by his elder brother in a trance: "You...I..."

The courage was taken away, and I couldn't answer for a while.

He looked at Fang Zhuo in a daze, and saw the eyes of other colleagues from the corner of his eye, and felt that he really meant to blame himself.

"Okay, okay, this is not over!"

Liao Yong got up and was about to leave.

The door of the meeting room was pushed open before him, and three middle-aged men in formal attire hurried in with briefcases between them.

"Liao Yong, don't leave, listen to how the legal affairs popularize the law." Fang Zhuo sat in the head seat of the conference room and said something indifferent.

The three lawyers who specialize in commercial non-litigation glanced at Liao Yong at the same time.

Liao Yong left without looking back.

So far, the seven VCs that have come together have left Sequoia, the leader and the largest shareholder, and only five are left.

Three well-known lawyers from Shanghai took the seats on both sides of Fang Zhuo. Behind him stood five individual shareholders with voting rights, and next to him was Shenxin Wang Fengyi who signed the "Concert Acting Person Agreement".

This scene made the remaining five VCs faintly feel that this trip is dead.

Fang Zhuo waited until the three lawyers put a stack of contracts on the table before he said: "You guys are here, let me put it bluntly, don't you just want to take the risk and make money? Is there anything else? ?”

The five venture capitalists looked at each other in blank dismay, and those who wanted to speak saw the lawyer overturning the contract and endured it. They should bring the lawyer this time!Blame Sequoia!
"Why did I make an announcement? That's because I got the news in advance."

"The financing we negotiated last month, if there is a policy change at the beginning of next year, and the time interval is so long, do you still have the face to withdraw the capital?"

"Isn't it because you feel that you have just invested money in the front foot, and there is no money in the back foot, so that's why you came here?"

"Is there such a reason?"

Fang Zhuo laughed, and said bluntly: "Good guy, Mr. Xiong also said that if you break the contract, you will break the contract. Is this how the venture capital works?"

He sarcastically said, "You guys are all worthless to be a venture capitalist. You should go to the underworld."

Xu Xin frowned and said, "Fang Zhuo, I have something to say, is it interesting for you to say such a thing?"

"Okay, Mr. Xu, the voting rights are discussed, and the contract is here. I'll discuss the matter. If it weren't for someone from our side, the situation of Guahao.com would only be worse." Fang Zhuo said lightly, "Everyone If I want to take risks for others and benefit myself, if I were a venture capitalist, it might be the same.”

"But today I am the president of Guahao.com, and I want to continue to develop Guahao.com, so I can't agree to your divestment."

Xu Xin looked directly at the young man who surprised him today, and asked, "Even if you risk offending us and our five venture capitals? Even if you let the investment circle know about this?"

She originally wanted to say 8, but wanted to change it to 7, and finally said 5.

"Mr. Xu, don't do this." Fang Zhuo laughed for a while, "Come on, tell me, I want to know what the risks are."

Xu Xin pondered.

Fang Zhuo said bluntly: "Since Mr. Xu said so, Yi Ke is next door, and the lawyer happens to be there too. Your investment of 5% of the shares will be refunded to you directly."

Xu Xin was silent.

Lin Jia from the 3i Group next to him urged: "Retire! Mr. Xu, let's resign!"

Xu Xin rolled his eyes at him, one yard for one yard, what are you talking about, you didn't invest in Yi Keli!

She let out a long sigh, that's the end of the matter, forget it.

Xu Xin stood up and said sincerely: "Mr. Fang, I can do it myself."

Another venture capitalist walked into the meeting room.

A total of nine people came from the seven venture capitals. At this time, there were still six people from the four venture capitals. They couldn't even compare with each other in terms of numbers!
Morale was pretty low.

However, before Fang Zhuo finished speaking, he threw out the last big news: "You should come earlier to withdraw the capital. Even if you get the voting rights, the company has no capital to withdraw now."

"The online registration business cannot be profitable. This situation is quite special, and the news is urgent."

"Comprehensively, Guahao.com has successfully obtained a small piece of land in Machong Town, Guangdong Province, which will be used for the development of the pharmaceutical distribution business."

"At the same time, I used this piece of land as a mortgage to borrow money from the bank. The money currently on the book belongs to the company's liabilities, and it will be used to maintain the normal operation of the registration network."

"If Guahao.com goes down, the banks are protected by law and will give priority to taking away their money."

To put it simply, buying land spent working capital, and then using the land to borrow cash from the bank, there is still money in the account, but the nature of the funds has changed.

The four venture capitalists were shocked and angry, is there such a thing?

Lin Jia of 3i Group stood up abruptly, and said loudly: "The money has not arrived for long, how could it be so fast? The bank borrowing process can't be so fast! You have violated the rules!"

Fang Zhuo didn't answer, how could the bank's illegal operations come to fruition?

He just spread his hands and signaled the professionals to come out.

The lawyer next to him, Li Jiangli, warned: "This gentleman, don't talk nonsense."

He pointed to the "First Batch of National Internet Innovation Enterprises" trophy on the table, and explained: "Guahao.com has a very high market share, excellent business reputation, and good development expectations. It is normal for banks to speed up the loan process. of."

Lin Jia glared at him angrily, and cursed: "Made, Fang Zhuo, you are a failure to do registration!"

"Yeah, I think so too, so there is an Yike next door." Fang Zhuo sighed, "When our products are sold, welcome to 3i to vote."

Lin Jia gritted her teeth: "Vote for your uncle, even if I jump off this building, I will never vote for any project with your surname again!"

Fang Zhuo shrugged and said lightly, "Harmony makes money."

3i's Lin Jia and his colleagues left angrily.

There were three other companies in the conference room. This time, without waiting for Fang Zhuo to say anything, Legend Capital and Shenzhen Venture Capital also shook their heads and left.

In the end, Dachen Venture Capital was also sitting with a venture capital company.

Fang Zhuo looked at Zhou Zisen, who stood firm in Dachen Venture Capital, and said, "President Zhou, what advice do you have?"

"Our Dachen Venture Capital has not been established for a long time, and our involvement in the investment industry is even shorter. Boss Fang really taught me a lesson." Zhou Zisen said half ironically, half admiringly.

Fang Zhuo smiled slightly: "If Mr. Zhou can trust me, I can point you to a few companies to invest in."

Zhou Zisen stood up and shook his head: "Forget it. But, Mr. Fang, I have one last question. Anyway, the online registration has no possibility of profit, and the registration network is still lingering. Why is there any need to persist?"

"It's been done, how can we get away from it?" Fang Zhuo replied casually.

"Mr. Fang, I am sincerely asking for advice. You have paid so much for tuition fees. You are too unkind." Zhou Zisen was dumbfounded.

Fang Zhuo sighed: "This is the difference between a venture capital investment and an enterprise. A venture capital investment company can't wait to invest money without a little risk. When encountering a risk, they still want to get their own money back. This is not good. If you buy it and leave, you are willing to bet and admit defeat, that's all. .”

Zhou Zisen nodded slightly.

"Being an enterprise is different. If there is no problem, there is no value. When encountering a risk, find a way to overcome the risk. How can you run away from it?"

"The classical venture capital says that in the end, it's about investing in people rather than projects. If an entrepreneur or a leader doesn't even have such tenacity, I don't think you should invest."

"Perhaps, Zhou always has a headache because of my thorny tenacity, and even resents and curses me in his heart, but this is how it is in business."

Fang Zhuo talked eloquently, and said with a smile, "Actually, I'm not unreasonable."

"However, Mr. Xiong came up today to seize my power. Mr. Xu told me to cherish my reputation. Mr. Lin pointed at my nose and said to refund the money. I didn't hear any reason to convince me."

"If Mr. Zhou is sitting in my position, the way of speaking and the way of doing things may be different, but the heart will be the same."

Zhou Zisen felt the sincerity in the young CEO's words, thought for a while, and said, "I don't have the means like Mr. Fang. No matter what, I still wish Guahao.com to ride the wind and waves."

"Thank you, Mr. Zhou, I will." Fang Zhuo nodded, completely gone from the previous tension.

After all, the sword is stabbed out, the crossbow is shot out...

Just as the two were exchanging pleasantries for no reason, someone broke into the conference room again. Qian Fengyuan, a reporter from "Economic Information Daily" with a press card, led a cameraman and excitedly patted the leftovers in front of him.

Qian Fengyuan wrote an exclusive interview for Fang Zhuo before, and he just logged on to his own news website yesterday and it was reprinted by many portal websites. As a result, at night, he heard that there was a change in the core business of Guahao.com—even for a layman like him You can also understand what the meaning of the sticky announcement is.

Qian Fengyuan was dumbfounded on the spot, boasting about "the most high-spirited Internet company president in 2001", and the curtain will end in a blink of an eye?

Doesn't this make the content of the report a joke?
In the early hours of the morning, Qian Fengyuan received the news that the venture capitalists of Guahao.com would hold a meeting to discuss matters. He immediately felt that something wonderful was happening, but he still didn’t catch up. Only the venture capitalists were photographed outside just now leaving one after another. figure.

"President Fang, what happened today? Why did Guahao.com suddenly issue an announcement? How does this affect its future development?" Qian Fengyuan asked three times excitedly.

Fang Zhuo shook his head and refused, "I'm not going to be interviewed today. Reporter Qian, please go back."

Qian Fengyuan turned his attention to Zhou Zisen from Dachen Venture Capital.

Zhou Zisen also shook his head, it's too embarrassing, it's better not to accept the interview.

"Let's stop here today." Fang Zhuo tapped the table with his index finger, "I'm still busy with things, let's see off the guests."

Qian Fengyuan was stunned for a moment, seeing Fang Zhuo turn around and quickly asked the cameraman to take a picture of his back in the corridor, and then asked the camera to take a picture of the back of venture capitalist Zhou Zisen.

In a corridor, the former walked to the president's office alone, while the latter left the company silently.

In addition, at the elevator entrance, I hurriedly photographed the aggrieved faces of several VCs.

This can already hold up the picture material of a report.

Qian Fengyuan stood at the door of the Guahao.com company, holding the hot coffee handed to him by the front desk, his heart itching unbearably, all he knew was that it felt too uncomfortable.

After pondering for a while, he began to make phone calls to piece together the truth of the meeting and the meaning of the actions of both parties.

(End of this chapter)