Wind Rises 2005

Chapter 407 I Underestimate Little Ma

The first China Private Equity Summit Forum came to a successful conclusion, and Ma Liang also became the most beautiful boy at the summit because of his speech at the branch venue.

Even the leaders of several competent departments have heard about him and praised him endlessly.

The promotion of such a summit to the private equity and venture capital industry is no different. The capital leaders who participated in the meeting were all rejoicing and ready to go.

Only Ma Liang was still sober and not overly optimistic.

Because just next year, the impact of the subprime mortgage crisis in America on the capital market will be catastrophic.

Although Huaxia later relied on the [-] trillion yuan to release water, and it did turn around the situation quickly with a one-time drop, but the price was also huge.

Ordinary people may not feel much, but once the subprime mortgage crisis strikes, the venture capital industry will have the most intuitive feeling.

The primary market quickly cooled down, and it became very difficult for start-up companies to raise funds.

At that time, let alone start-ups, it will be the same for quasi-unicorn companies like JD.com.

Therefore, Ma Liang must plan in advance, whether it is a business under his own banner or a project that [Gale Capital] has invested in, he must prepare food and grass for the winter in advance.

……

Two days later, a Toyota Coster luxury commercial vehicle slowly drove into Xili University City.

The car was naturally arranged by Ma Liang's assistant Lu Zhengyang, and all the accompanying investors were well-known investors in the domestic venture capital circle.

Xu Xin from Today Capital, Zhang Suyang from IDG, Huang Peihua from Jiyuan Capital, Jiao Zhen from Dinghui Investment, Deng Feng from Northern Light Venture Capital, Li Wei from Songhe Capital, and more than a dozen bigwigs all came.

Even brother Ma from the goose factory joined the inspection team.

There is also the official Chai who came specially after receiving the notice from Ma Liang.

And Jifu Asia Li Yongjin missed the appointment because he had already jumped to PPG Global Shopping and devoted himself to his greater career.

It has to be said that some people are destined to rush to the street.

Even though Ma Liang, the reborn boss, brought about a great butterfly effect, it still did not change the fate of President Li.

The other party made it clear to release the pigeons, but Ma Liang didn't bother to talk to him.

It would be better not to come, just to give up the investment share to Deng Feng of Northern Light Venture Capital.After all, Li Yongjin's departure can basically announce his departure from the investment industry.

With such a big joke like PPG shirts, which LP would rest assured and hand over the funds to Li Yongjin for management.

……

The Toyota Coaster car quickly stopped at the building C of Xili University City Pioneer Park, and Wang Tao was waiting at the door early.

"President Ma, welcome!" Wang Tao greeted him warmly.

Suddenly facing so many well-known investors in the industry, he, who used to be extremely proud, also seemed a little embarrassed at the moment.

Especially when he saw the appearance of Brother Ma from the Goose Factory, he almost dropped his jaw in shock.

Wang Tao never expected that he, an angel investor, would be able to invite the legendary boss.

After all, as entrepreneurs, how many people don't want to be the next little brother of the goose factory?

Ma Liang didn't have the time to pay attention to this guy's psychological changes, so he directly ordered: "Mr. Wang, everyone's time is precious, let's get straight to the point, just watch the arrangement!"

"Okay, Mr. Ma, all investors, please follow me." Wang Tao and Lu Zhihui led Ma Liang and his party to the square of the park.

Because there, the technical team has already made full preparations.

Two industrial-grade remote-controlled helicopters are quietly parked in the open space, ready for test flight demonstration at any time.

Ma Liang and Xu Xin, the investment tycoons, chatted in twos and threes, and slowly followed.

When they arrived at the central square of the park, everyone stood far away, quietly waiting for the technical team to start performing.

Wang Tao explained from the side: "Mr. Ma, investors, what I will show you next is the EH-1, the first unmanned helicopter product of [Dajiang] Company.

The EH-1 is equipped with the latest flight control XP2.0 system developed by the company, which has basically realized beyond-the-horizon flight."

Following his explanation, the technical team controlled the helicopter to rise slowly and fly higher and higher until it turned into a black spot and disappeared from everyone's sight.

However, on the monitor attached to the control box, the images taken by the unmanned helicopter can still be seen.

“[Dajiang]’s flight control XP2.0 system not only realizes the characteristics of stable flight and flexible control, but also allows the model-level products to achieve industrial-level performance.

This unmanned helicopter product can be widely used in agriculture, aerial photography, inspection and other fields, and the market prospect is very large.

We have already received the first orders, and the next generation of products is also in development. "

Wang Tao cooperated with the demonstration of the technical team and explained patiently, but he suddenly found that the faces of these investors did not show too much excitement.

Where is it not good enough?
He was very puzzled, he had practiced for several days for today's speech!

Wang Tao had no choice but to look at Ma Liang in a daze, but he saw that the other party was extremely calm, and gave him a relieved look, signaling him to continue talking with peace of mind.

So Boss Wang put aside distracting thoughts and continued to introduce various performance parameters of the unmanned helicopter product EH-1.

The flight test demonstration ended soon, and Ma Liang and others followed Wang Tao into the [Dajiang] company.

After a brief visit, a group of investors were taken to the conference room to sit down, and then came the real highlight of today-the investment and financing negotiation.

After everyone entered the meeting room, Wang Tao directly turned on the projector and played the PPT, and then started the road show.

Because the physical products have been displayed in the square before, the road show does not need too much nonsense.

Just briefly talked about the company's current situation and financial analysis, Wang Tao's task today is considered complete.

As for the financing plan, he didn't even mention it, because it was simply not something he could participate in.

Ma Liang's group is responsible for today's bureau, and all the investment leaders in the industry are here. How much money to raise and how many shares to sell, he is a complete layman, and he doesn't know how to talk at all.

After all, Boss Wang is still just an early entrepreneur at the moment, and there is still a long way to go from the extremely hard-nosed tech tycoon in his previous life.

So it's better to save it, it's better to let Ma Liang take full responsibility.

As soon as Wang Tao finished speaking the PPT, the entire conference room entered a time for free communication, and a group of investors began to whisper and discuss the [Dajiang Drone] project in a low voice.

Chatting and chatting, the accident came.

"Marlon, Mr. Wang, [Dajiang]'s helicopter products are indeed good, and they also have certain technological content, but the market prospect seems to be mediocre.

As far as I know, the market for industrial-grade unmanned helicopter products is small, even on a global scale.

No matter how good our products are, our annual sales are very limited.

[Dajiang UAV] should be a small and beautiful business, so..." The first person to speak was none other than Brother Ma from the Goose Factory.

As expected of a bigwig with a technical background, he can see the core problem at a glance.

As soon as he said this, the expressions of other investors became a little bit wrong.

Everyone looked at Ma Liang with a hint of displeasure, probably because they thought he had exaggerated the [Dajiang Drone] before.

Market size is a problem that can never be avoided in the process of investment and financing.

If the global market is combined, the business volume is very small, and the total scale is only more than one billion US dollars, then no matter how good the product is, it will not attract the interest of investors.

After all, doing venture capital is completely different logic from doing business and running an enterprise.

What other investors pursue is a short, flat and fast high return on investment, rather than thinking about waiting for your business to grow bigger and stronger before slowly enjoying profit dividends.

If [Dajiang]'s unmanned helicopters can only be used in the industrial field and a small number of civilian markets, then no matter how strong the technology is, investors like them will definitely not invest.

Although Xiao Ma's words stopped abruptly, that's what he wanted to express.

Because the global market volume is only more than one billion US dollars, it will certainly not be able to support a company with a high market value.

Even if the market value cannot be increased, how can investment institutions cash out at a high multiple in the future?

Therefore, the question raised by Brother Ma of the Goose Factory was recognized by most of the investors present, and several bigwigs regretted making this trip.

I have been looking forward to [Dajiang UAV] for several days, but it turned out to be such a small gadget. Do you think it is disappointing?

At this moment, Huang Peihua of GGV Capital (GGV) couldn't help laughing.

I saw her expression was indifferent, and she joked meaningfully: "Big brothers, you are too underestimating our little brother Ma!"

(End of this chapter)