Wind Rises 2005

Chapter 606 Happy cooperation

When it comes to investing, there are actually two worlds.

One is a world of fanfare and the other is a world of silence.

Everyone is familiar with the noisy investment world. Social networks, TV shows, YouTube shows and TikToks, various venture capital stories and legends are played out every day.

In an era where attention is the scarcest asset, venture capital funds in the noisy world know how to capture attention and turn it to their advantage.

Companies like Sequoia Capital, IDG, SoftBank, etc. are all leaders in the hustle and bustle of the world.

In the process of their operation, the public has become familiar with this venture capital circle that used to seem very mysterious.

But on the other side of the hustle and bustle world, there is a magical place.

There, the footprints were covered in snow and the sound could only be heard a few steps away. There, investments are made behind closed doors and deals are struck privately.

Compared with the hustle and bustle of the investment world, it can be called the investment world.

It is called this not only because it is very mysterious and not known to the public, but also because there are inextricably complicated relationships within it, involving the nature of the entire world.

Once the inside story of the other world is exposed, it will definitely subvert public perception.

Among the residents living in the investment world, there are dozens of funds whose names may not be known to the public, as well as some extremely good venture capital institutions.

Normally they sleep quietly in the outside world, but once they have the opportunity, they come out in full force to harvest the wealth from the noisy world.

If you want to ask if there are any conquerors in the world of quiet investment, then of course it is yes.

At least in Ma Liang's previous life, DST Global was definitely one of the recognized answers.

On the surface, DST Fund manages more than 500 billion US dollars in assets, but this is just the tip of the iceberg on the surface. Its intricate capital empire is truly hidden under the surface.

And Ma Liang’s dream goal is actually to make [Dafeng Capital] become an existence similar to DST Fund.

But the wish is beautiful, but the reality is cruel.

He does not have a background similar to Yuri Milner, nor can he have the support of top bosses, nor can he operate in a low-key manner like others. Who makes him start from scratch.

Therefore, [Dafeng Capital] had to develop slowly in the noisy world and get famous first.

In fact, in essence, the investment philosophies of [Dafeng Capital] and DST Fund are similar, and both focus only on financial investment.

Ma Liang doesn't want to get too involved in the specific operations and management of the companies he invests in. If the four giants of Twitter weren't so disappointing, he wouldn't even want to have so much control over Twitter.

The reason why he worked so hard to come up with some life-changing plan was because he wanted to wait for Twitter to reach the top, so that he could completely lay down.

If [Dafeng Capital] could operate as low-key as DST Fund, he would really like it.

But the reality is not what people want. If he hadn't become famous for investing in Twitter, Bald Yuri wouldn't have come to him and spent a lot of money on him.

As for the old Maozi background of DST Fund, Ma Liang didn't care at all.

Even Zuckerberg doesn't care and accepts Bald Yuri's funds without hesitation. As a Chinese, he doesn't have to think so much, and he doesn't have to worry about the other party's capital source.

As the top white glove in the polar bear country, if he couldn't even prove Qian's innocence, how could he have been so prosperous in his previous life.

Ma Liang finally understood why Xiao Zha's classmates easily agreed to Yuri Milner's investment. After a long time, it was still because the other party was too aggressive.

Maybe the bald old man in front of him promised more benefits to Zuckerberg in private, otherwise Facebook should be more concerned about the other party's background and identity than Gale Capital.

At this time, facing Yuri Milner's full sincerity, Ma Liang couldn't help but be tempted.

But he still had to say it first: "Mr. Yuri, I fully feel your sincerity.

However, [Dafeng Capital] is different from other investment institutions. We have more special requirements for fundraising, and ordinary LPs may not be able to accept the harsh conditions. " "oh? I don’t know what the requirement is? " Yuri Milner couldn't help but be curious after hearing this.

Ma Liang smiled and then explained: "The management fee is as high as 5% per year, and even the carry fee is as high as 30%. Only if we agree to this condition will we accept the other party's funds."

"Haha, what do I think? This is not a problem for us DST at all." Yuri Milner agreed happily.

Although DST Fund itself is also a GP, it does not prevent them from using a sum of money to become LP.

In fact, most large funds will have this kind of operation, such as SoftBank, IDG, and Sequoia Capital.

He is both a venture capital investor and an LP dad.

Even the Goose Factory in its previous life and its investment funds were like this.

In particular, the relationship between Goose Factory and DST Fund is even more complicated. It can be said that you have me in you, and you have me in you.

Therefore, it is easy to understand that DST Fund wants to invest money in [Dale Capital].

Even though the DST Fund has just started, the wealthy Yuri Milner doesn't care at all about the harsh conditions proposed by Ma Liang.

In his view, the more stringent the conditions, the more confident [Dafeng Capital] is.

What's more, now he just wants to fight to become a god and doesn't care about the small benefits at all, so he arrogantly throws money at him as soon as he comes up.

As long as you can invest in a super unicorn project like Facebook or Twitter and successfully reach the top, there are countless resources waiting for you behind it.

It can only be said that the capital bosses are different. Their gameplay is not in the same dimension as Ma Liang, a newbie.

Hearing that the other party agreed to the conditions so readily, Ma Liang once again marveled at the other party's magnanimity.

It’s so irritating that people are so different from each other!

Otherwise, people often say that no matter how hard you work at the grassroots level, your ceiling is probably just the starting point for others.

As a reborn boss, he has been cheating and struggling all the way up to now, and he has experienced many hardships. The result was not bad, but it was not good enough in front of big boss Yuri.

However, Ma Liang's mentality was very calm, and he didn't have much resentment.

The world is like this, if you want more, you have to pay more. Compared with the bald old man in front of him, he was still more proud of living his own life.

Besides, as long as we rely on foresight, [Dafeng Capital] will definitely not be much worse than DST in time.

It's just that now that Laijiang is here, he still needs more help.

Seeing the olive branch offered by the other party, which was full of sincerity, Ma Liang didn't want to be pretentious anymore and agreed immediately.

"Well, since Mr. Yuri has said all that, what else is there to say? I am willing to accept your friendship..."

As he spoke, he stood up and stretched out his right hand, holding it tightly with the bald old man in front of him.

"Thank you for your trust and happy cooperation!"

Yuri Milner was very excited when he finally achieved his goal, and the happiness on his face could not be concealed at all.

Ma Liang then promised him that he would arrange for DST Fund to enter the market during the second phase of Twitter's Series B financing, making a small investment to secure a spot in advance.

When the third phase of the financing window opens, DST will follow up aggressively.

Yuri Milner also reciprocated the favor and generously promised to inject US$10 billion into the [Gale Capital] private equity fund and promised to arrange it as soon as possible.

Another large-scale PY transaction in the other world was successfully concluded.
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PS: The next chapter will be a little later, sorry!

(End of this chapter)