The Age of Rebirth

Chapter 525 Cashing Out the Bonus
"Oh, this is a good thing!" Li Weidong sat up straight and said excitedly, this was much earlier than he expected.

Zou Yi took out a folder and said: "According to the documents sent by Jiang Zongtao, except for the companies you asked to retain a certain percentage of shares, all other companies have been liquidated. This is the specific situation, please read it! "

Zou Yi was talking and handed a folder and a few pages to Li Weidong. Apart from her, the people who knew the inside information were some executives of the U.S. branch of Anji Capital.

Li Weidong took the folder, opened it for a look, and felt even more satisfied. The document clearly recorded the number of shares sold in each company, the selling price, and the selling time.

There is also the amount of funds invested by the company at that time, the amount of income, and the intimate calculation of the rate of return, which is probably suspected of inviting credit.

Looking down page by page, the funds involved on each page are large or small, and there are even losses and bankruptcy. This should also be true. Venture capital is a risky investment, otherwise it would not be called a venture capital.

However, the loss is generally controllable, and the overall profit margin is still very high, especially with a few companies that Li Weidong named and invested as reliance, it is difficult not to make money.

The last page is a summary table, how much is the initial capital, how much is the final capital, and what is the overall profit margin!

How many companies have invested, which ones have been successful, which ones have remained flat, and how many have lost their money!

At that time, Li Weidong entered the American venture capital industry with more than one billion U.S. dollars. After several years of vicissitudes, the funds just cashed out reached more than 400 billion U.S. dollars.

In addition to the cash that has been cashed out, there are also a large number of stocks in companies with high future growth such as Amazon, Google, and Apple.

In the future, with these stocks, Li Weidong will definitely be the richest man in the world, but he is only the richest man. Apart from his reputation and endless money, there is not much use for him.

If you want to really have status, you have to do something respected by others. Just having money is obviously not enough.

To put it bluntly, we must master some high-end technologies and manufacturing industries that will have influence and strategic significance in the future. Manufacturing is the foundation, and everything else is a bubble.

Now that he has money, Li Weidong can freely buy, buy, buy, buy technology, buy equipment, in short, he can go directly if he needs it, without worrying about money at all.

"You guys did a good job, I'm very satisfied!" Li Weidong smiled and praised Zou Yi. Don't be stingy with praise for this kind of thing. Rewards and punishments are the way to control people.

Zou Yi also hurriedly responded with a smile: "It's your command!"

Li Weidong waved his hand and said: "Don't talk about those falsehoods, the current situation can be regarded as liquidation, and the remaining stocks are directly transferred to Dongfang Fund Management Company and handed over to Lao Xu for management. Lao Jiang and the others can rest for a while!"

"Don't worry, according to the agreement, you can give as much reward as you want, and I won't lose you a penny!" Li Weidong said firmly, he is not a person who breaks his promise.

Venture capital companies, on the one hand, have to extract different proportions of management fees from the management according to their size, which is also the normal source of income for venture capital companies.

In addition, there is also a part of the income commission, and this part of the income is also very rich, especially in this big wave, it is even much higher than the regular income.

However, the two investment companies under the name of Li Weidong, Anma Capital and Jingwei Investment are somewhat different from other venture capital companies.

In a normal company, the funders who contribute money are rarely involved in the specific daily affairs of the company and are limited partners; it is the general partners who actually manage the daily operation of the company, that is, the general managers of the investment company.

However, in these two companies, the boundaries between limited partners and general partners are not so clear, and Li Weidong's capital contribution is particularly huge, which cannot be done according to the usual practice, so the general partner is actually an executor.

Therefore, Li Weidong is an investor and a limited partner, but he also acts as the manager of the company in many cases. He will intervene in many things and issue some instructions from time to time.

Therefore, no matter whether it is in charge of Anji Capital or Jingwei Investment, they did not extract as high a profit share as 20% or 30% according to the practice of international venture capital.

Although it's not that high, it must be there, otherwise, how could these subordinates work hard? In fact, the annual management fee has already made them a lot of money.

Moreover, Li Weidong has a rebirth experience, leading many large-scale investment projects, the rate of return is hundreds of times, and the assets involved are particularly large. It is definitely not appropriate for these projects to follow the conventional commission ratio.

There is another reason. For Li Weidong, some foreign companies are too far away after all, and with the language barrier, he can remember a few better ones from later generations.

Therefore, Zou Yi, Jiang Zongtao and Fu Xiaomin should be given a certain share of the proceeds if Zou Yi, Jiang Zongtao, and Fu Xiaomin do a lot of things, and they can't play rogues just because of the large amount of funds.

And generally speaking, Li Weidong is still very friendly to his subordinates and very open-minded. Li Weidong's promise will at least produce a few millionaires with more than tens of millions of dollars, working emperors, and his reputation is well-deserved.

So after Zou Yi heard Li Weidong's words, he was surprised from ear to ear. She is the general manager of Moma Capital, and part of the income of the American branch of Moma Capital should be counted on her head. This is definitely not a small sum. , All of a sudden let her realize the freedom of wealth.

However, she knew that these wealth were almost like sitting back and enjoying the benefits. Holding them would definitely be hot. After a pause, Zou Yi shook his head firmly and said: "Chairman, this is not appropriate!"

"I'm not sycophant. The achievement of the Mayfly Capital is entirely due to your personal leadership and guidance, and we are only the executors!"

"It is an honor to follow you, see and participate in this wave of technological benefit, which in itself has added a lot of rare life experience to us, and it is our glory!"

"There is an old saying in China that if virtue is not worthy, we will suffer. We have not done so much, but you have given us so many rewards. This is not a reward, but it is making us fall!"

"So for our own good, you should take back this reward, we have already got enough, and this is not my idea alone, President Jiang and Xiaomin both have the same idea!"

It's not that Zou Yi is high-profile, but that she really feels that the money is a bit hot. She basically does nothing. Apart from getting a high annual salary every year, she also has a decent bonus.

Now when it's time to liquidate, you can still get a large amount of profit sharing. Although everyone likes money, it depends on whether the money is suitable for holding.

A rule is a rule, and it is a different matter from the worldly way!
Not to mention whether Li Weidong has any ideas, but other high-level executives of the company must also have ideas, and it is not conducive to the transfer of company personnel. Everyone wants to go to a company with a lot of money.

They are all working with you. How can someone earn tens of millions of dollars, while we only have a few million yuan a year. Besides, the job is so easy, and it is not difficult to do it. I can do it too!

Li Weidong looked at Zou Yi with flickering eyes. Why doesn't this girl look like a good person? She wants to trap him in a cruel way. If he really does this, how will he lead the team in the future?
"You really impress me. This is the first time I've seen someone who pushes the money out of his hands, but do you think I'm a person who reneged on his promise and got fat?" Li Weidong asked angrily.

Zou Yi quickly explained: "Chairman, you know, I didn't mean that!"

Li Weidong waved his hand and said, "Okay, it's been decided long ago, there's no need to discuss it, and it will be implemented as agreed at the beginning, and no one can say anything!"

"In addition, if you feel that you can't control the money, there are still a lot of people living below the poverty line in China, and many school-age children in the central and western regions have no money to go to school, so you can donate your love. In short, that is your business and has nothing to do with me!"

"And this matter will stop here in the future, and no one is allowed to mention it again. In the future, there will be no such opportunities. The company will be transformed into a modern company, and everything must be standardized!"

"All of you venture capital companies should be converted into real venture capital funds and follow industry practices. I will not interfere with your investment in the future!"

"As long as you feel that your ability is suitable, investment managers and executives can raise it. If there is no problem, I will invest in you. I will simply be a limited partner. It saves trouble and makes money. Why not do it!"

After the company has been reformed, it will definitely become more and more formal in the future. It is not appropriate for Li Weidong to take care of everything, and there is no time. Everything must be standardized to make the company competitive.

His cognition is also limited. Many things have changed differently from his previous life. There may be no problem with the general trend, but Li Weidong doesn't know whether the details will remain the same as in his previous life.

For example, the venture capital industry must not have been so mature in his previous life. Otherwise, he might not have known the existence of venture capital when he started his business, and he wanted some companies that were already famous, but now they are gone, which is terrible.

Although Li Weidong will not intervene in their daily management in the future, he can still invest in some good projects, such as SMIC, which are not suitable for venture capital.

When Zou Yi heard what Li Weidong said, he was overjoyed at first, and then shook his head from the bottom of his heart. She has been a venture capitalist for several years, and she knows the things in it too well.

Even though the United States is currently in the bull market of Internet technology, there are still many good-looking companies that suddenly go bankrupt, and the invested funds also turn into bubbles and disperse with the wind.

Even though it is the hottest time for venture capital, even for a venture capital company like theirs, [-]% of the companies are still unprofitable, or even lost their money.

So VCs don't just have to be rich. Just like Deputy Director Cheng Siwei said at the seminar held in Beijing the day before yesterday, VCs are compound talents, and even have the ability to listen to the sky.

Zou Yi had carefully calculated that all the projects that Li Weidong participated in would basically have huge gains, and the projects that they let them invest by themselves cannot be said to be unsuccessful. After all, they are in the wave of benefiting from Internet technology, and fools can vote part of the company.

If they remove the companies supported by Li Weidong, they will not have too many achievements after careful calculation.

Most importantly, Zou Yi once saw a report from Harvard Business School the year before last. According to their statistics and analysis of nearly 40 years of venture capital data, the conclusions drawn were very frustrating.

Over the past 40 years, there have been more than 400 active funds in the venture capital industry in the United States, but only 400% of the more than 5 funds have achieved the theoretical return on venture capital, which has exceeded 10 times in 3 years.

However, 50% of the funds cannot even get back the principal, and 35% of the funds only have a return of 1-2 times, which is equivalent to an annualized rate of return of 8-10%. Considering economic development, inflation rate, and opportunity cost of funds ( Bank interest), the annualized rate of return of 8-10% is not high at all, and it is not even as high as the rate of return of buying index funds.

Even those VCs with a ten-year rate of return of more than three times have only caught up with the end of the L war and the climax of many military products being converted to civilian use, such as the rise of Silicon Valley.

Although the rate of return on capital is very high, it cannot be denied that it has caught up with this era of wealth creation, but economic development naturally has its own laws. Once it is overheated, there will naturally be a surplus.

It is only a matter of time before the next bubble bursts, and now even Li Weidong has cleared his positions and quit, which means that this wave of wealth creation in the United States basically has no chance.

After understanding this, Zou Yi calmed down, and said, "Chairman, I will listen to you. I will distribute this part of the reward as originally agreed. As for my part, I will give it out." Half of it will be donated to the education fund managed by Liang Wenhui!"

Li Weidong waved his hand again and said, "This is your own business, but if you donate to the education fund, I would like to thank you on behalf of the children who received the donation!"

"Money is enough. If you have too much money, you will only increase your troubles. Donating it will give you peace of mind!" Zou Yi leaned on the chair and expressed emotion for no reason.

Li Weidong knocked on the table, and said angrily: "Why do I feel like you are alluding to whom?"

Zou Yi smiled charmingly, and said sincerely: "Chairman, don't think too much, this money is useless in my hands, but it will be of great use in yours!"

Xu Dehai next to him wanted to laugh, but he didn't dare to. Although Xu Dehai hadn't read the document in Li Weidong's hand, he knew that there were so many numbers in it, so many that he had never seen them before, and he was also worried about Li Weidong. How should I spend it?
Li Weidong put away the documents and asked: "Okay, let's not talk about it, how much of these funds have left country M?"

"With the cooperation of several major banks and the Hong Kong Island Monetary Authority, almost 80% of the funds have been transferred out of country M in the past half month, and scattered in the company accounts registered in various archipelagos. Most of these accounts are in Hong Kong. Island, and the rest will be transferred out within one to two weeks!"

"Very good, let's speed up, time waits for no one!" Li Weidong sighed, and then added, "Recently, there will be a batch of national bonds for the development of the western economy!"

Li Weidong thought for a while and said, "In the names of Xinsheng Holdings and Ruibosi Holdings, each subscribed for a long-term treasury bond of [-] billion yuan to support national construction!"

(End of this chapter)