Wind Rises 2005

Chapter 370
Today's capital is also ready to go, worrying about not being able to find more good projects.

Now when Ma Liang mentioned a project that was better than Tudou.com, Xu Xin immediately became excited. He didn't bother to debate whether Tudou.com was worth more investment. He wasn't in that mood at all.

Anyway, the votes have already been voted, and that has become a thing of the past.

As for a new entrepreneurial project, there is no competitor in the industry, the technology content is very high, and the return on investment can exceed a hundred times. It is very attractive when you think about it.

Although they will invest in the next round, the returns will definitely not be so high, but the multiples of the A and B rounds of investment are also very attractive.

So Xu Xin hurriedly asked before Zhang Suyang.

"President Xu, this is not good!
Aren't you here to talk about Tudou.com's project today? If you're really interested, let's make an appointment another day." Marianton put on a embarrassed look.

Things that come too easily are not cherished too much.You have to be a little bit more reserved, just to keep things secret.

When he said this, everyone became even more curious.

There is no need for Xu Xin to be anxious now, and Huang Peihua of GGV Capital couldn't help asking: "Mr. Ma, it's okay.

Anyway, the Tudou.com business is almost done, so don't hide it.

What kind of good project is it? It's so mysterious, so I quickly pulled it out for a while.If possible, let's do another game today, wouldn't it be another fun thing. "

"Yes, Helen is right.

Mr. Ma, hurry up and tell me," Xu Xin echoed and urged.

Once the two heroines spoke, Zhang Suyang and Li Yongjin couldn't say anything more, but there was a trace of anticipation in their eyes, and I wondered what Ma Liang could say.

Mr. Chai was even more enthusiastic, thinking about what kind of project it was, anyway, with his relationship with his younger brother, it didn't matter if he voted for a round.

It's just that Wang, the founder of Tianpai, is suffering. His face at the moment is uglier than a pig's liver.

Originally, I was the protagonist of today's dinner, the one who attracted the most attention, how could the wind direction be reversed after being fooled by the stinky boy opposite, and turned into a little transparent instead?
Pseudo-literary youths are like this, when they can't put on a show, they will turn into endless anger.

The backlog of anger reached the limit, and he was looking for an opportunity to vent it, but the topic on Tudou.com stopped abruptly, and no one continued to talk about it.

This made Wang almost feel sick, he stared at Ma Liang fiercely in anger, he just waited for the other party to talk about the new project, and then he would criticize it, and he was not going to keep any sympathy.

But Boss Wang was very disappointed, Ma Liang didn't even look back at him, completely treating him as air.

Seeing the expectant eyes of several capital tycoons, he said it unhurriedly: "The company I invested in is called [Dajiang Drone], and it is an entrepreneurial project in Pengcheng.

……

The founder, Wang Tao, is a direct disciple of Li Zexiang, an expert at Xiangjiang University of Science and Technology.

Moreover, there is also Professor Zhu Xiaorui, a doctoral tutor student of HIT Pengcheng Branch, who leads a group of teachers and students to provide technical support.

In terms of technical reserves, there is no doubt that research and development has entered a critical stage.

I predict that within half a year at most, the first new product of [Dajiang] will be launched on the market, and it will be completely self-sufficient without burning money.

And this is just the first step. With the development of the Internet, especially the popularity of online video sites, the demand for aerial video will increase, and UAV products will have an infinitely broad market prospect.

[Dajiang]’s Angel round and Pre-A round were both invested by [Gale Capital], and the A-round financing plan has not yet been put on the agenda. "

Ma Liang finally mentioned the project at the bottom of the box, and it was also to pave the way in advance.

Because starting from the A round of financing, the [Dajiang UAV] project will start to introduce more capital.

Again, the logic of investing is different from doing business.

If you choose to invest, you can't think of getting all the shares in your pocket, and only laymen who don't understand will be so YY.

Even the most awesome start-up company, even if it is as strong as Google, cannot do this.

Venture capital is to play the capital game. What you do is to double the capital continuously. Once the company buys stocks, it has to be sold before cashing out.

Continuously increasing the value of capital is the pursuit of a short, flat and fast investment logic.

As for the long-term holding of the stocks of an excellent company, that is only a part of the investment strategy, and it is impossible to use all the funds for such fun.

So after picking up the leak of [Dajiang Drone], Ma Liang will start to play like Xu Xin and the others.

Instead of letting Wang Tao, the founder, spend a lot of effort to raise funds, Ma Liang, an angel investor, can do it all by himself.

No one can understand the value of [Dajiang] better than him as a suspended batch, and it is definitely not a loss to make a game.

Even the founder Wang Tao is like this. Compared with Ma Liang, a reborn boss, he can't see the future of [Dajiang] absolutely clearly.

So throwing [Da Jiang] at the dinner at this moment is also to attract Xu Xin, Huang Peihua, Zhang Suyang and others to take the bait.

If they are willing to take the lead in the A or B rounds, then Ma Liang will not have to worry about the C and D rounds.

After all, there are top investment institutions standing behind these bigwigs, and they are also closely related to those big investment banks and big capitals, so they don't have to worry about finding funds to take over.

"It sounds good, but the product hasn't been launched yet, so how dare you say it's more valuable than Tudou?" Wang couldn't help but sneer.

He finally seized the opportunity, and immediately started spraying the project that Ma Liang was talking about.

What the hell is a garbage drone, it's just a toy for children, and it deserves to be compared with Tudou.com?
I originally thought that if I said this, the investment tycoons here would definitely agree with my statement.

Who would have thought that Zhang Suyang, who supported him the most, ignored him, and was the first to praise him: "President Ma, it really is a good project.

You can start to think about the A round, how can you make an investment?

Tudou.com’s C-round financing window has not yet closed. Haven’t we all already started to arrange the next two rounds of financing? "

"That's the truth!

Mr. Ma, several of our institutions present here can definitely provide Baoyuan with the next two rounds of financing of [Dajiang].

In this way, why don't you make an appointment to fly to Pengcheng some other day, and let's go and see the project in person, what do you think? "Huang Peihua also eagerly echoed.

The logic of investing is different, especially for big capital like them.

Except for a few projects that are against the sky, the general entrepreneurial projects did not catch up with the angel round or Pre-A round. In fact, there is no big difference in the follow-up rounds.

As long as the investment is not made in the two rounds before the listing, the difference in the return on investment of the A round or the B round will not be too large.

What capital pursues is return on investment, especially when risks are controllable.

The bigger the capital, the more you want to follow up in the next few rounds, because the risk is lower.

Therefore, big capital prefers to have a lower return on investment multiple, but also try to ensure a stable return, which gives Xu Xin, Zhang Suyang and other investors a chance to make a game.

Because the main investment strategy of each venture capital fund is different, and some are more aggressive and invest in early-stage projects.

Some are more conservative, follow up as late as possible, and even do not hesitate to start before listing.

These differences in investment preferences are often talked about in the venture capital circle, the biggest difference between angel investors, VC and PE.

Therefore, all the capital tycoons present here agree with Huang Peihua's proposal.

Make a round to round up the A and B rounds. As long as the [Dajiang Drone] product is launched and the market feedback is good, it will be another successful investment case to attract several large capitals to take over the market.

This is the thinking mode of investors, which is completely different from the logic of entrepreneurship.

After hearing this, Xu Xin also happily responded: "Haha, I always invited the horse. Brother Chai and I will eat the round A together. Don't you have any objections!"

She didn't dare to forget Mr. Chai, and knew that it was impossible to leave him behind.

"It's easy to say, but the face of the venture capital queen still has to be given.

Then the three of us will round up the B round, and we will talk about the follow-up matters later. "Zhang Suyang responded grandly.

When investing, I am most afraid of not having a good project, and I never worry that the project valuation is too high.

As long as the risk is controllable, even if the price is a little higher, it is not a big problem. Most of the capital is willing to take over.

And now it's just lip service, and it hasn't been fully finalized yet.

When it’s time to pay, it’s not too late to make a decision until after the investigation of the [Dajiang Drone] project is over, and it’s not too late to say hello at this moment.

Based on this premise, a group of capital tycoons happily reached a consensus.

Only Wang was dumbfounded, and he asked Zhang Suyang in a daze: "Mr. Zhang, you haven't even seen the drone project yet."

"Don't look, I 100% believe in Mr. Ma's vision.

After all, at the SXSW carnival, he was the one who missed the Twitter project one day in advance, hahahaha." Zhang Suyang gave Wang a disdainful look.

I thought to myself that this guy is okay in starting a business, but he is still a thousand miles away from investing.

It's just that his indifferent response directly exploded Wang's lungs, and his face instantly turned pale.

Want to refute but can't find a theoretical basis, so I can only sit there and sulk alone.

With [Dajiang UAV] as the introduction, the dinner became hot again.

The capital tycoons present here are also very attentive to Ma Liang, and from time to time they discuss with him the various possibilities of the future market of drones.

The more people chatted, the more excited they became, and their investment intentions for [Dajiang] became more and more firm.

The world is hilarious, all come for profit.

There are huge interests present, and everyone is a good friend.

A dinner ended in such a friendly and warm atmosphere.

……

After the dinner was over, Officer Chai sent Ma Liang and Lin Fengyun back in a caravan.

As soon as he got in the car, Chai Jin finally couldn't help but asked again: "Brother, tell me the truth, can you vote for Tudou's project?"

"Vote, don't you lack success stories?" Ma Liang responded indifferently.

Chai Jin rolled his eyes, and hurriedly asked again: "Then why didn't you follow suit? Don't tell me that you don't have enough money, I don't know you yet?"

"Hey, the world is getting worse, people's hearts are not old! To tell the truth, no one will believe it." Ma Liang sighed helplessly.

He really has no money, otherwise Tudou.com wouldn't be able to follow suit.

Chai Jin was even more anxious now: "Stop talking about what you have and what you don't have, and give me a sweet word!"

"I told you I can vote, but you still don't believe me, there are so many bosses escorting you, don't worry!" Ma Liang had no choice but to reassure, "Just remember one thing, accept it when you see it!"

Chai Jin muttered and repeated: "Just take it when you see it?"

"That's right, invest in the fourth round, remember to withdraw in the fifth round, and leave a maximum of 80 yuan as an investment case.

To operate in this way, you are in a panic! "Ma Liang complained with contempt on his face.

You, Boss Chai, don't even have the guts to do that, and you're still playing venture capital, so go home early and get some sleep!
(End of this chapter)