Wind Rises 2005

Chapter 536 The name of a person, the shadow of a tree

"Mr. Chai is overly praised, and the small achievements in the past are not worth mentioning!"

Cheng Binghao couldn't help but feel a little embarrassed after listening to Chai Daguanren praising himself so much.After all, compared with the young man in front of him, his achievements are hard to brag about.

Despite his young age, his reputation has already spread throughout the Chinese venture capital circle.

You must know that Twitter, the most popular unicorn project in Silicon Valley, Mr. Ma is its angel investor.

Chai Jin said nonchalantly: "We are all our own people, there is no need to be modest, haha!"

"Mr. Ma, I'm really sorry. Many of [Kaixin.com's] services are borrowed from Twitter's products."

Cheng Binghao was also a man who dared to act and admit his mistakes. He apologized as soon as he came up.

After all, although copycat plagiarism is an industry practice, he still can't stand up in front of the real owner.

Ma Liang replied nonchalantly: "Hey, it's not a problem.

Even if [Kaixin.com] does not imitate, other websites will imitate.Maybe in a few days, Brother Ma from the Goose Factory will also be ready to follow up, haha..."

He said this with a hint of sarcasm in one breath. Anyway, Echang Shanzhai's reputation has not been around for a day or two.

In the previous life, Goose Factory followed up and launched "QQ Farm", which destroyed [Kaixin.com].

Besides, Ma Liang really doesn’t care. Not to mention that Twitter became what it is today because he borrowed some products from his previous life [Kaixin.com]. It’s not certain who copied who.

"Mr. Ma can understand, that's great!" Cheng Binghao was very happy when he heard this.

But what Ma Liang said just now made him worried again.After all, if Xiaoma from Goose Factory follows up soon, the competitive pressure on Kaixin.com will not be as great as usual.

There is no way, because of the butterfly effect of a certain reborn boss, the development trajectory of the domestic Internet has started to go a little bit astray from here.

Cheng Binghao left Sina earlier than in his previous life, and Kaixin.com was born a few months earlier than in his previous life.

Because [Farmville], the English version of [Happy Farm], was already a very mature version as soon as it was launched, it became popular all over the world.

Otherwise, netizens all over the world would not be obsessed with it.

But precisely because of this, it also attracted the attention of Internet companies from various countries in advance. At this moment, who knows how many people are gearing up to prepare copycats.

If Ma Liang develops according to the trajectory of his previous life, Chai Daguanren will have no chance to get involved in the Pre-A round of financing of Kaixin.com.

You must know that in the previous life, [Kaixin.com]’s first financing was not launched until September.

Chai Jin saw the two of them being so polite and smiled heartily: "You two brothers, there are no outsiders, so we don't need to pretend to be polite, let's have tea!
After waiting for a while, almost all the investors I made an appointment with will arrive. "

Because Ma Liang's schedule was very tight, Chai Daguan had no choice but to follow his plan.As soon as he arrives here, other investors will come to join him soon.

So Ma Liang chatted with the two of them while drinking tea.

Of course, the most common topic they communicate about is Twitter content.

Especially when Ma Liang mentioned that Twitter was about to launch its next round of financing, Chai Jin and Cheng Binghao were shocked.

The two marveled at Twitter's fast pace of financing, which is truly worthy of being a super unicorn project.

This chat lasted another half hour.

Then I watched investors arriving one after another and entering the office.

Kuang Ziju, founding partner of Qiming Venture Partners, Feng Bo, founding partner of Lianchuang Ceyuan Investment Company, Yu Zhengjun, vice president and CFO of Sina…

A dozen or so big bosses from investment institutions came to the appointment to conspire in today's capital game.

There was another person who turned out to be an old friend of Ma Liang's, Deng Feng, the founding partner of Northern Lights Venture Capital.

What he didn't expect the most was that today he actually met the man who claimed to have "taken half of China's Internet" in his previous life, Zhang Sanshi of Hillhouse Capital.

This really surprised Ma Liang. He never thought that Mr. Chai would be able to invite this big shot.

But it’s understandable if you think about it. After all, Zhang Sanshi has only returned to China to start a business for more than two years, and he is still far from the super god status he was in his previous life, let alone the so-called top investment boss.

Zhang Sanshi's only commendable record at the moment was his $2005 million bet on the Goose Factory in 2000, which was just a small profit.

You must know that when Zhang Sanshi bought it, Goose Factory was already listed, and the return on investment was not as exaggerated as it would be more than ten years later.

The operation that really made this boss a god was the US$2010 million invested in JD.com in 3.

Before that, Zhang Sanshi could not be called a top capital tycoon in China. His popularity was much lower than Deng Feng of Northern Light Venture Capital, let alone Xu Xin, the queen of the limelight.However, 30 years in Hedong and 30 years in Hexi will not prevent others from becoming super awesome in the future.

Therefore, it is reasonable for Zhang Sanshi to be invited by Chai Daguan. There is nothing surprising.

After all these investors arrived, Chai Jin directly called everyone into the large conference room without further ado, preparing for a closed-door investment and financing meeting.

"Everyone, I am here today, and I would like to thank you all for selling me some favors.

Everyone is very busy, so let’s not waste time. Let’s get straight to the point and start talking about [Kaixin.com]’s Series A financing.

Everyone must know that I invested in the Pre-A round of [Kaixin.com].

The valuation at that time was US$1000 million, and Tianhao Capital spent US$200 million to acquire 20% of the shares of Kaixin.com.

But as we all know, the global economy is currently in a recession, and it is becoming increasingly difficult for startups to raise funds.

So this time I am planning to go bigger in this Series A round of financing and help [Kaixin.com] raise more money so that we can get through the difficult times and have enough strength to develop.

If the money is too little, it is better not to start this round of financing.

Because once the economic situation continues to deteriorate, it would be a pity to turn around [Kaixin.com]’s follow-up financing and the project to go bankrupt due to insufficient ammunition capacity.

In that case, not only would my investment be in vain, but the friends who followed up this round would also be in trouble.

Therefore, in this round of financing, Mr. Cheng and I have reached an agreement that it would be better to raise more money.

[Kaixin.com] A round of financing, plans to raise US$3000 million and transfer 10% of the shares, which means the valuation is US$3 million..."

When Chai Daguanren was talking, everyone listened very seriously.

Everyone agreed with his statement.After all, the market is not good now, so raising more money is the right way to go.

The more difficult the moment, the more ruthless the investment must be.

Either don’t invest, or invest more.If the project fails due to lack of money, it would be better not to invest.

But after hearing Chai Jin's last words, the investors present were unhappy again.

3000 million US dollars, 10% of the shares?
I want to eat shit!A company that has only been started for a few months dares to be valued at US$[-] million. Why?
It’s okay to have a little more melting, but it doesn’t let you go to this extent!
It’s no wonder that many investors were upset. After all, in the previous life, Kaixin.com only raised US$300 million from Deng Feng of Northern Light Venture Capital after operating for half a year.

It was not until April 2009 that Qiming Venture Partners, Sina and Lianchuang Ceyuan jointly invested US$4 million.

But at that time [Kaixin.com] had already begun to see scale, and it was completely different from what it is now.

What is it now? A website that has only been online for a few days and does not even have 100 million users dares to claim a valuation of 3 million US dollars. It is crazy to think about money.

The investors present all looked at Chai Jin with disdain and almost cursed in their hearts.

Only Deng Feng from Northern Lights Venture Capital remained calm. The old god sat there, looking at Ma Liang with interest, with a meaningful smile hanging on the corner of his mouth.

Chai Jin saw the sudden silence in the conference room, which he had expected.Even the disdainful looks towards the investors were not taken into consideration at all.

After doing business for so many years, he has long understood a truth.

If you want to make money, you have to throw your face on the ground.

So he smiled slightly and said the next words slowly: "Brothers, there is no need to look at me with such disgust.

This valuation was not shouted out casually, but was decided after careful consideration.

And what I want to tell you is that Ma Laodi from [Dale Capital] has approved this financing offer.

His 300 million U.S. dollars had been promised to be invested long before the Spring Festival..."

After Chai Daguanren said these words, the investors present were completely uneasy and turned their attention to Ma Liang.

As the saying goes, the name of a person is the shadow of a tree.

Even though all the investment tycoons here are not simple, when it comes to achievements in the investment field, none of them can compare with Ma Liang.

After all, the young man in front of me is a powerful person who invested in Twitter and helped Twitter stand up.

With such ability, everyone asked themselves, no one has this ability.

(End of this chapter)