Rebirth 2010: I add some points to be a boss

Chapter 205 Obtained 2 rounds of financing from Feishou, with an expected income of 100 billion US dollars
"Zigang Electronics was established in 1986 and is headquartered in Pudong New District, Shanghai. It is mainly engaged in semiconductor wafer foundry, chip packaging and testing, system packaging and other businesses, and can provide complete chip manufacturing services."

"There are many production bases and R&D centers in Shanghai, Jinling and other places, with more than 10000 employees..."

Chen Heyu leaned against the sofa, and there was a set of mahogany tea trays on the table in front of him.

While reporting, Lao Zhou skillfully washed the tea, added boiling water, poured out the first brew, and then filled the cup with tea.

"The art of making tea has improved."

Chen Heyu picked up the purple clay cup, took a small sip, let the light fragrance swirl on the tip of his tongue, and commented with satisfaction.

Zhou Xiaoyu smiled slightly, and continued: "In 2008, Zigang Electronics was successfully listed on the main board of the Hong Kong Island Stock Exchange, and it also had a good time.

In recent years, due to improper business strategies and increasing debt pressure, the market share has gradually shrunk, the debt scale has increased year by year, and the financial situation has become more and more severe, before finally approaching the point of bankruptcy. "

"Are there other reasons? In my opinion, in the past 30 years, the market demand for low-end chips in the field of industrial machinery and major appliances has always been greater than the supply. Zigang Electronics can't be so miserable, right?"

Chen Heyu glanced at Lao Zhou, knowing that he hadn't finished speaking.

really!

"I knew I couldn't hide it from the boss. Shi Yang, the young owner of Zigang Electronics, returned from studying in the Neon Country two years ago, and was determined to upgrade and overcome the original process, so he built a large foundry in Jinling.

However, the packaging technology is not up to standard. The size of the silicon wafer can be 12 inches (300mm), and the packaging technology cannot keep up. "

Zhou Xiaoyu smiled, and then explained.

"Oh? There are such stupid people?"

Chen Heyu smiled lightly, a little unbelievable.

No wonder the boss of Jingda would rather his son do nothing all day, pick up girls, buy cars and play games, than he would mess around, start a business, and even dare not mention succession.

For a rich second generation, throwing away the self-motivation that hurts others can live a lifetime without worrying about food and clothing.

"I was cheated by the equipment manufacturer of Neon Country. Originally, the other party promised that as long as the wafer factory was put into production, Shi Yang would be able to obtain advanced 3DIC packaging technology, but he changed his mind temporarily..."

Lao Zhou spread his hands, with a trace of sullenness on his face.

Business wars are dangerous, and trusting others is a taboo!

"How many days will the financial audit report come out?"

Chen Heyu nodded and asked.

Generally speaking, the larger the wafer size, the higher the utilization rate, the lower the production cost of the chip, and the efficiency will be greatly improved. However, the cost caused by the process is very high, and the required packaging technology is more sophisticated and complex. Compatible with different wafer sizes.

Zigang Electronics wanted to surpass Huaxin International in one fell swoop and become the leader in the chip manufacturing industry, but it ended in a dismal end.

It's embarrassing!

"No accident, it will take another three days. By the way, Mr. Zhang will come to Shanghai tomorrow."

Lao Zhou replied.

"Technical capabilities and intellectual property rights are the parts that I value the most. If you explain it to me, this aspect should be reviewed."

Chen Heyu exhorted.

As for the packaging technology, there is always a way to solve it. It is really impossible to spend a high price to buy equipment from Korea. Although it belongs to the second level, it can solve the immediate problem.

"Yes, I know."

Old Zhou agreed.

Chip manufacturing is an asset-heavy industry that costs money like water. The boss wants to forge ahead. Naturally, he can't stop and persuade him. He can only cooperate tacitly to clear the obstacles on the way forward.

"Have a meal together at noon, it feels like we haven't seen each other for a while."

Chen Heyu said familiarly.

Lao Zhou is his pocketbook, he has worked hard for the past few years, helping the company desperately to make money, putting aside business matters, the two are considered old friends, and it is only natural to take this opportunity to deepen their relationship.

"Do you want to call Liao Feng?"

Zhou Xiaoyu asked with a smile.

"No problem, let's take a look at this boring melon by the way, is he mature?"

Chen Heyu joked.

Then, the two walked out of the office together, and took Liao Feng, the new senior venture capital director of Shanhai Capital, into a silver Alphard.

Drive away from the software park and go straight to the city center.

"Lighter, Cantonese and local dishes are fine."

Chen Heyu opened the car refrigerator, unscrewed a bottle of mineral water, and moistened his throat.

"How about Shu Xing Yuan? They mainly serve non-spicy Sichuan dishes."

Old Zhou thought for a while and replied.

Of course, he is familiar with the taste of his own boss. He loves spicy dishes, and occasionally he is willing to try refreshing dishes.

"Sichuan cuisine is also good, Mr. Liao, you led the two rounds of financing agreements for Feishou?"

Chen Heyu nodded slightly, turned around and asked Liao Feng.

"Boss, you should still call me Xiao Liao, how dare I be the president in front of you and President Zhou?
Shanhai Capital was the lead investor in the first and second rounds of financing of Feishou Short Video. "

Liao Feng grinned and said, his temper was much smoother than a few years ago.

Nanduyin, Beifeishou!

In 2015, before Douyin was born, Shanhai Capital successfully entered the short video track.

"Tell me about the specific situation."

Chen Heyu asked.

"In June last year, the founder of Feishou came to seek financing cooperation. I gave the other party 6 million Chinese currency and won 800% of the equity."

Liao Feng replied.

The 800 million investment was only a small project in Shanhai Capital, and it did not attract Chen Heyu's attention.

"In September 2014, Feishou started the second round of financing. This time the investment amount was 9 million US dollars, in exchange for 1000% of the equity, and SUG Capital replaced 20% of the equity with 250 million US dollars."

Liao Feng has a good memory, and he can casually recite the core data of the projects he has been in charge of.

"Included in A-level venture capital enterprises, maintain the pace of follow-up investment."

Chen Heyu finalized it.

Within Shanhai Capital, investment projects or companies are divided into four grades: S, A, B, and C. Currently, only Douyin’s Zhang Yiming belongs to the S grade.

Didi Taxi and Mihaiyou are A-level.

Little Green Book and Portable Tour belong to B-level.

Wu Jin Film Co., Ltd. and Yang Mi Studio belong to C-level.

Zhou Xiaoyu and Liao Feng looked at each other with shocked expressions, and asked in confusion, "Boss, the short video field seems to have mediocre potential?"

"4G network and Wifi wireless network are not popular enough, wait a year and you will understand."

Chen Heyu said with a smile.

With the late stage of the Internet, the traffic bonus has gradually lost its mining potential, and whoever can become the traffic portal will have the last laugh.

Why is Ari unable to follow up after 2019?
Because Ali is the buyer of traffic, the annual advertising cost is as high as tens of billions, and then distributes these traffic to merchants, earning a huge difference in price.

Short video content such as Douyin and Feishou are produced quickly and can be released and pushed instantly. They are suitable for the fast-paced modern lifestyle and greatly enhance user retention and activity.

Slowly, becoming a traffic portal, you can easily grab 1000 billion a year in advertising fees.

"Yes, boss, I will increase the importance."

Liao Feng said seriously, keeping it firmly in his heart.

He knew that the investment project of Feishou came into the sight of the boss and was approved by the boss, so he was inevitably a little excited.

This is his first A-level investment project in Shanhai Capital!
Chen Heyu did some calculations. After two rounds of financing, he got a total of 38.75% of Feishou's equity. If calculated based on the other party's listing price of 115 yuan, it is equivalent to an IPO market value of 100 billion US dollars, an increase of 909 times.

Of course, this is in an ideal situation. Before Feishou went public, it had completed 11 rounds of financing, with a cumulative financing amount of US$48 billion.

Shanhai Capital needs to continue to follow up the next 9 rounds of financing if it wants to enjoy this huge profit.

In the next five years, only by continuing to invest more than US$20 billion can the previous shareholding ratio be maintained.

"Unfortunately, Zhang Yiming is full of Tiantian Toutiao at this time, and he has not yet born the ambition to enter the short video track. How about giving him a push?"

Chen Heyu thought about it.

When he came to the restaurant, he couldn't make up his mind, for fear of interfering in advance and affecting the future development of Douyin Group.

There are many small western-style buildings with different styles in the ten-mile foreign market, which has been washed away and has a kind of beauty of the golden years.

Located in an old villa in imitation of English style, Shu Xing Yuan is a representative of high-end Sichuan cuisine.

Zhou Xiaoyu was familiar with the road, and led the two into an exquisite private room. The floor was made of retro marble, and the overhead was a colorful enamel chandelier, which vaguely showed the style of the year.

"East Sea large yellow croaker in Sichuan sauce, pork liver with diced green onion, mixed soup with milk, bamboo fungus liver paste soup, you order the rest, I treat you."

Chen Heyu glanced at the menu and said.

"Sauce fried pork, Hechuan pork slices, snowflake chicken..."

Liao Feng declined, and Zhou Xiaoyu had to make up a few dishes.

"What date is the annual meeting?"

Chen Heyu asked.

"It is initially planned for February 2."

Seeing that the old leader was still choosing drinks, Liao Feng replied.

"With 5 million yuan invested in the bonus pool, we can't let everyone's hard work for a year be in vain."

Chen Heyu said in a deep voice.

Generally speaking, the core incentive mechanism for the top executives of venture capital institutions, that is, the commission, mainly comes from the exit income.

For example, Shanhai Capital invested 800 million in the A round of Feishou, and by the time of the B round, the valuation increased by 15 times after financing.

Shanhai Capital sells the stock, and the funds obtained are the exit income. Senior partners and investment directors such as Lao Zhou and Liao Feng, excluding the basic salary, the biggest dividend comes from this.

However, in the past two years, Shanhai has only been out, not in, focusing on investing in start-ups, growing companies and large-scale mergers and acquisitions, as well as stock trading at home and abroad.

If according to the conventional operating rules, Lao Zhou and Liao Feng can only get a basic salary, which is actually very unreasonable.

Chen Heyu thought about taking out a sum of money every year to reward all employees of Shanhai Capital.

Otherwise, it is easy to chill the hearts of subordinates.

After all, in this year, Shanhai Capital has invested in a large number of Internet companies, and the annual cumulative return on investment has exceeded 500%. If you don't pay a dime, it will be too ugly.

Future technology has a bonus of 20 billion years, how can he favor one over another.

"thank you boss."

Zhou Xiaoyu beamed with joy, he is the person in charge, at least he can score tens of millions of Chinese coins.

Compared with the salaries in the venture capital industry, the annual salary + bonus and benefits of the investment analysts at the bottom of Shanhai Capital are between 35 and 60 Chinese dollars.

The investment manager is between 90 and 120 million Chinese dollars.

Senior investment managers are between 120 and 150 million Chinese dollars.

The investment director or vice president, that is, Liao Feng's level, has a total income of between 150 million and 250 million Chinese dollars.

The level of Lao Zhou is about 400-1200 million Chinese dollars.

If it is a foreign-funded enterprise, this number will increase by 30%-50%. Chen Heyu threw out 5 million yuan lightly, and Shanhai Capital has a total of less than 300 people. Excluding the management that takes the big head, ordinary employees can get 100 million Chinese currency. .

After almost twice the normal annual salary, it is really a big deal.

But compared with the game company, it is a little inferior. The head game team with a more aggressive style can even get 200 months of generous reports for the year-end bonus!
Even more inhumane!
……

After the banquet was over, Lao Mo drove back to Shanhai Film and Television Headquarters.

"Mr. Chen, Liu Yifei's agent contacted me, wanting to join Shanhai Impact?"

Lin Shiwei called.

Liu Yifei?
Sister Tianxian?

It's not a rumor, does she have a financial backer?Want to cooperate with Shan Hai?
"Doesn't she have her own agency? How can she cooperate with us?"

Chen Heyu asked curiously.

"The other party wants to follow Yang Mi's cooperation model and borrow Shanhai's funds and project resources, and we will take a cut from it."

Lin Shiwei replied.

"I'm going back to the company now, you ask her to come to Shanhai headquarters for an interview."

Chen Heyu said after pondering for a few seconds.

(End of this chapter)