The investment era of rebirth

Chapter 427 The 'God of Wealth' in the Eyes of Investors!
"Is there a result?" Su Yu turned around and saw the expression on Liang Bin's face, showing an obviously happy expression.

Liang Bin nodded, and said: "After several careful on-site investigations and exchanges with Mr. Yu, the chairman of 'Weir Semiconductor', we initially drew up an investment intention. According to Mr. Yu's opinion, they decided to increase their investment in CMOS. At the same time, we will deepen product development in mobile electronics, vehicle electronics, security, and network communications, and plan to raise 2.6 million yuan from our organization to further promote these projects.”

With that said, Liang Bin handed over the initial investment intention document to Su Yu.

Then he continued: "According to the results of several on-site investigations and the communication between our investment team and Mr. Yu, in the domestic semiconductor field, this 'Weir Semiconductor' still has potential, and from what Mr. Yu said Said that his ambition is not small, and he is a relatively aggressive entrepreneur.”

"From the perspective of the competitive landscape of the domestic semiconductor industry..."

"The current Weir Semiconductor has already mastered some first-mover technological advantages in some subdivided small fields. If we can maintain this first-mover advantage in technology and expand our product business in the future, it will be very important for the company's future volume development. It is still predictable.”

"And they are also deeply cultivating in the chip design business."

"According to Mr. Yu's introduction, they currently have close cooperation with several research institutes in Shanghai, as well as many domestic IC research institutes."

Su Yu nodded slightly, opened the proposed investment agreement in his hand, took a rough look, and said: "2.6 million investment, 15% of the shares, this valuation is 70% more expensive than the round A financing of Well Semiconductor. % Ah, this condition... can we talk about it again?"

According to Su Yu's understanding of this company.

The market valuation of nearly 20 billion slightly exceeded his expectations.

Liang Bin pondered for a moment, and responded: "According to the operating data of Well Semiconductor in the past two years, the rapid growth is obvious, and after the A round of financing, Well Semiconductor has entered the field of vision of many well-known domestic investment institutions. Facing Mr. Yu’s financing needs, we, Yuhang Investment, are not the only ones offering an olive branch to Well Semiconductor, so it is probably difficult to negotiate hard conditions.”

"But on some soft standards, it's still negotiable."

"For example, the promise of investment income in the next few years, the necessary and reasonable exit mechanism, etc."

"Of course, if Mr. Su thinks that this valuation level is indeed significantly higher than our previous estimate, we can also talk to Mr. Yu again and try our best to get better investment conditions."

"Take some time and make an appointment with Mr. Yu." Su Yu thought for a while and said, "If you want to be sincere, then let's talk face to face."

With that said, Su Yu closed the investment letter of intent and handed it back to Liang Bin.

Liang Bin nodded, took the investment letter of intent, and said, "It just so happens that Mr. Yu also wants to make an appointment with Mr. Su, or... how about this weekend? I'll arrange it."

"Okay, yes!" Su Yu nodded slightly, "You sort out our intentions again."

"Boss Su thinks how to compress it in terms of rigid conditions?" Liang Bin asked after a pause.

Su Yu thought for a while, and responded: "In terms of financing amount, if Mr. Yu needs it, it's okay to relax it to 3 million, but the proportion of direct shares invested must be at least about 18%. Similarly, after watching In view of the relevant advantages of Weir Semiconductor, we must also examine and pay attention to some of its investment risks.”

"The ultimate goal of investment is a win-win situation."

"We need to find a degree here, which can maximize the interests of our company and make the other party accept and be willing to accept our investment funds."

"Okay." Liang Bin replied, "Then I'll ask someone to change it again."

After finishing speaking, Liang Bin exited the fund trading room, and planned to call the employees of the company's venture capital department before leaving get off work to hold a short meeting. Based on Su Yu's opinions, he would revise some of the terms in the investment letter of intent, and then agree with them. The company's legal department formulates the final letter of intent for investment.

"Our company...are we really sure about investing in the 'Weir Semiconductor' project?" After Liang Bin left, Li Meng couldn't help asking.

Su Yu nodded and responded: "If the investment conditions can be adjusted to the expected level, it will be beneficial to us to win this project. After all, in the 'smart electronics era', semiconductors are definitely the key to the future of smart electronics manufacturing. The top priority of the industry and the development potential are still very broad.”

"But it is said that the semiconductor industry is a 'winner takes all' industry." Li Meng said, "my country's semiconductor industry actually started quite late. Whether it is benchmarking against Japan, South Korea, or the Western world, the gap is quite obvious, and now It is the era of the global economy, and the industrial chain is becoming more and more closely connected. Although the entire semiconductor industry, in the era of "smart terminal explosion", the prospects have become broad again, but in the face of technological suppression and cost advantages, domestic semiconductor companies are fundamentally It is not enough for the major international leaders to fight, and under the disadvantages of technology, scale and cost, even if you continue to burn money for technology accumulation, you will not be able to successfully develop the market!"

"The seemingly broad market development space, in fact, has nothing to do with domestic semiconductor companies."

Li Meng paused, and continued: "In this industry that is extremely particular about technology accumulation and cost advantages, even the second in the industry basically has no way out, let alone these domestic semiconductor companies? If the external market cannot go out, the domestic market will also be difficult." To open up the situation, Weier Semiconductor has been established for many years. In addition to the accumulation of technology, it has made certain achievements, but it has always been in the stage of continuous burning of money, and it has still been unable to achieve profitability, or even see the hope of profitability!"

"I'm worried that this company will die before it grows to a mature product."

"If we are going for 'telling a story', we can speculate on the increasingly hot situation of the semiconductor industry in the domestic investment market, but if we are running for long-term investment and want to earn money for the growth of the company, Then I think...we might have to be more cautious."

Hearing Li Meng's opinion, Su Yu smiled and said: "Don't worry about winning, first think about losing. You have always been good at this point. What you just said is indeed the risk of investment, but the global economy is integrated. In the future, the industry chain is closely connected, and the actual reaction such as making is not as good as buying, will not necessarily remain the same in the future.”

"It is true that the domestic semiconductor industry develops late and technology accumulation is weak."

"Just the semiconductor industry is another industry where winners take all."

"But the weaker it is, the later it develops, the more room it has for growth. The road of 'domestic substitution' is definitely going to be taken in the future. At the right time, we will deploy a new product that will have a great impact on the current development of our company. It’s a big pawn, I think if the cost of intervention is right, it’s worth it to win this project and compare the future investment risks and returns.”

"Science and technology investment projects are inherently high-risk and high-yield."

Su Yu smiled lightly, and continued: "Nowadays, even if the investment fails, the foundation of our company will not be shaken for investment projects with a capital of less than 3 million yuan. No big problem."

"Okay!" Li Mengmeng Su Yu insisted, and his own risk warning has been in place, so he will not continue to bring up this topic.

Immediately afterwards, Su Yu looked at the time and saw that it was already off-duty time, so he couldn't help but look around at the employees in the trading room, and said, "Today is the day when our company's 'Yuhang No. 3' fund was successfully launched, and it can be regarded as an important day for our company Now, after get off work, if you like, if you don't have any urgent matters, let's have a dinner together, and I will treat all the consumption tonight."

After finishing speaking, everyone was excited and excited.

Su Yu asked the secretary in the office to inform all departments of the company of the same news, and at the same time asked the administration department to book a hotel for dinner.

So, 7 o'clock in the evening.

Under Su Yu's treat, nearly 200 people from the entire 'Yuhang Investment' company gathered in the banquet hall of Crown Hotel, the company's contracted cooperation hotel.

"Mr. Su, congratulations!" During the company dinner, many senior investors including Qian Yuanbao, the owner of the Crown Hotel, also came. During the dinner, everyone toasted to Su Yu, first of all, to get closer Second, I also thank Su Yu from the bottom of my heart for making a lot of money for them, "I hope that the future 'Yuhang No. 3' fund can also become a legendary product in the domestic asset management industry, and everyone can earn a lot of money." Bowl full."

"With Mr. Su personally operating the market, the legendary fund products of domestic asset management in the future must have a place for the 'Yuhang No. 3' product. Needless to say?"

"Mr. Su, I took a plane from the United States and came back overnight to support. Next time Mr. Su releases a new product, he must remember my brother. Not to mention too much... Each support is 1000 million. That's still fine."

"Old Xu, you want to support 1000 million for each product, how can there be such a good thing?"

"That's right, I managed to grab a share of 300 million today."

"Hey, it's always comfortable with money. It's really enviable to hold a large share of three products and collect money sitting on the ground!"

"Haha..." Qian Yuanbao, who was touted by everyone, had a bald head and a fat face smiling like a Maitreya Buddha, and said with a big smile, "This is still due to Mr. Su, and it has nothing to do with me." , but... President Su..."

Qian Yuanbao looked at Mr. Su seriously, paused, and continued: "Others are eager to attract a customer, just one, and wish to drain every investor's wallet when applying for products, but Mr. Su, you Why do you want to limit the investment amount? Is it because you are afraid that you brothers have no money? Let me tell you... For the next product, you can just let go of the purchase limit. Start with [-] million."

"Hey, Mr. Qian, this is what everyone admires and trusts about Mr. Su the most."

"Everyone knows that the larger the scale of fund products, the more difficult it is to grow performance. Mr. Su should be controlling the scale and ensuring performance, right? Let me tell you that setting the upper limit of the subscription scale at 1000 million is also for everyone's benefit."

"I believe in President Su's ability. Even with a large fund product of 500 billion yuan, I believe that President Su will not let everyone down."

"I wonder if Mr. Su has any plans to switch to a public offering fund in the future?"

"Actually, the purchase limit of 1000 million is enough for me."

"Haha... President Su released the 'Yuhang 3' product at this time, is it because he judges that the market is coming and there will be a relatively big market?"

"Old Feng, are you here to find out the news?"

"What news are you looking for? How can it be safe to hand over the money to Mr. Su for stock trading by yourself? Since Mr. Su helps everyone manage their finances, why should I bother?"

"That's true. In my heart, President Su is the God of Wealth."

"I'm not bragging. In the domestic financial industry, there are basically only a handful of people who are better than Mr. Su, right?"

"What is counted on your fingers? It is simply unique."

"Yes, yes, unique, Mr. Su is simply the 'Buffett' in our country, and the name of the stock god, of course, does his part."

"I don't know if Mr. Su accepts single-person entrustment? I can scrape together 2 million yuan, and I want to ask Mr. Su to list a fund product separately. In terms of profit distribution, I can make concessions, and I have no objection to the [-]-[-] split."

"Fuck, old Joe, you have a good idea."

"Boss Su is really willing to accept a single entrustment. I'll raise 3 million yuan. What the hell... I won't do any business anymore, so I'll just follow Boss Su from now on."

"Everyone..." Seeing the excited senior investors of the company, Su Yu coughed lightly and said, "The company does not accept any single-person entrusted financial management plan. I hope everyone understands this. It seems that regardless of business or investment, we must pay attention to a win-win strategy after all. Although I have brought good benefits to everyone, but also, 'Yuhang Investment' can go so far and have a place in the domestic asset management industry , This is also inseparable from the support of all investors and friends."

"in my opinion……"

"We are not only partners, but also friends who share the same boat."

To be honest, he didn't expect that Qian Yuanbao would bring so many senior investor friends from the company tonight, let alone that everyone admired and trusted him so much.

Of course, this also shows that the entrepreneurial path he chose has achieved preliminary results.

The community of interests and circles of interests extending from the company's fund products, as well as the network of personal connections involved, have also initially formed.

In the future, we only need to follow the steps step by step, and there will be no extreme risk of fund performance cliff.

Then, the company's subsequent growth path and the various resources that can be used will be easier than it is now.

"Haha, Mr. Su is polite." Qian Yuanbao laughed and said first, "Although we are friends, Mr. Su is indeed the 'God of Wealth' in everyone's hearts. Anyway, I have been investing in stocks for so many years. I also know a lot of people in the industry, and I have never seen someone as powerful as Mr. Su."

Originally, after investing in the 'Yuhang No. 1' fund and obtaining a ten-fold excess return.

Qian Yuanbao thinks that after Su Yu's fund exceeds [-] billion, it may be difficult for him to perform more than double the performance. However...the facts always exceed his expectations and imaginations, which greatly shakes his heart. At the same time, he also really recognized Su Yu's talent in financial investment, and wanted to further strengthen the relationship with Su Yu.

After all, his business model is difficult to spread across the country, and it is also difficult to make breakthrough progress.

However, relying on Su Yu, the "God of Wealth", to continuously invest funds in the fund products managed by Su Yu, the ceiling of his wealth appreciation is simply invisible, which makes him full of hope, and at the same time In the future, there are also infinite expectations for Su Yu.

(End of this chapter)