Video Game Empire
Chapter 209: venture capital
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Li Xuan also met two other CUHK alumni before, who invented a coin-operated device for arcade machines. [For more exciting novels, please visit] At that time, Li Xuan helped them several times. First, he gave them an order contract, and later he asked Dongfang Game Company to come forward to give them a guarantee before he borrowed the funds from Standard Chartered Bank to build the factory. .
But this is not a mature practice, and guaranteeing other companies involves taking risks. Eastern Games is not a charity, which is not in the company's interest.
If in Silicon Valley, entrepreneurs only need to have a perfect plan, and they can use it to persuade countless venture capitalists. As long as a few of them are persuaded by you, you can take the first step in starting a business.
There are talents from the Jiangshan generation, each leading for four or five years. Silicon Valley is performing entrepreneurial miracles all the time, Apple and Microsoft in the 1980s, Netscape and Yahoo in the 1990s, Google and Facebook in the 21st century. But behind these lucky winners, there are countless unknown losers. The risk of starting a business is huge. Most people did not get the instant riches of their dreams, but bitter failures.
But failures and setbacks are not terrible. There are many failures in Silicon Valley, but they are still dreaming of starting a business. But if they, like Guo Jiaqiang, rely on selling houses and cars to start a business, one failure will be enough to damage their vitality, and they will never be able to turn around.
The core value of Silicon Valley is not to admire success, but to embrace failure. Everyone in this system is accustomed to failure. Everyone can face it. Angel investors who are willing to pay know very well that most of the projects they invest in will be stillborn. But only a few out of a hundred projects will succeed. They will be richly rewarded. Because of this, even the most bizarre ideas. There are also investors willing to take risks.
It can be said that in addition to technology, the most important factor driving innovation in Silicon Valley is capital. But Hong Kong now does not have as many venture capitalists as Silicon Valley.
"There is a relatively mature model in Silicon Valley called venture capital. I am more optimistic about your power supply project. I have a suggestion. You should make a detailed project feasibility report and valuation plan first. I am willing to be a Angel investors, invest 1 million Hong Kong dollars in this project! The specific equity allocation will wait for you to complete the plan. I will find someone to discuss in detail with the two of you! What do you think?" Li Xuan sat opposite him. Guo Jiaqiang and Zhou Wenxin said.
A hint of joy flashed in their eyes, and they immediately whispered a few words to each other.
"It's great that Li Sheng is willing to invest. We will soon make the project book and show it to you!" Guo Jiaqiang said excitedly.
In Silicon Valley, successful people are a very important force among angel investors. After they have experienced various challenges and setbacks in their entrepreneurial journeys, they often become happy to help latecomers who are in difficulty. People like Steve Jobs, Larry Page and others are famous angel investors in Silicon Valley. After Bill Gates sold off his shares in Microsoft, a significant part of the remaining assets came from the early investments of personal investment funds in other technology companies.
And Li Xuan is also willing to be such a pioneer who supports the backward, and this kind of investment can often bring multiple returns. The biggest impact of Li Xuan's rebirth is to allow countless young people in Hong Kong to find the power of a role model. With a higher entrepreneurial enthusiasm. Among Dongfang Electronics companies, there have been several batches of people who chose to resign and start their own businesses like Zhou Wenxin and Guo Jiaqiang.
In the lobby of the Peninsula Hotel, Li Xuan reserved a table before the waiter's guidance, Xu Jiankui was flirting with a beautiful woman. The female companion beside him changed again.
"Okay, let's have afternoon tea with your girlfriend, I have something to talk about with Li Sheng!"
Xu Jiankui saw that Li Xuan had come over. Immediately dismiss the female companion around him. This woman is very predictable, which is in line with Xu Jiankui's consistent aesthetics. She turned around just to meet Li Xuan's eyes. Immediately showed a sweet smile, but also quite a bit of beauty.
"Azi and I happened to meet. She just happened to be here with her companion for afternoon tea!" Xu Jiankui explained that he and Li Xuan were here to talk business today, and bringing a female companion over would be frivolous.
Li Xuan actually doesn't like to talk about things in such a place, he prefers to go to the company's office. But this eldest son Xu doesn't like the serious atmosphere, and prefers the petty bourgeoisie here.
"Is your yacht free recently? Lend me to play for a few days. Azi will have her birthday in a few days. She is going to go out to sea for a birthday party!" Xu Jiankui asked with a smile.
"The yacht can be borrowed from you, but you have to take it easy, don't let your sister-in-law know about it when you are outside, or I will be implicated!" Li Xuan nodded and warned again. He is familiar with Xu Jiankui, and naturally he also knows his wife.
"Do you want to go out to sea to play together? Azi and their company have a large number of young models with beautiful eyes and long **** and thighs! I will ask her to invite a few higher-quality ones to go out to sea to play together!" Xu Jiankui smiled slyly said.
"I'm not interested in this kind of thing, you can keep it for yourself!" Li Xuan shook his head and said.
"You said before that you had a good thing to give to me, what is it?" Xu Jiankui stared at Li Xuan expectantly and asked.
After the death of the old ship king, the three Xu brothers began to take over the family business, and now the Xu family's family business is controlled by the second and third. Xu Jiankui's father, the eldest of the three brothers, has been dead for many years, so their influence in the family is weaker.
But since Xu Jiankui became friends with Li Xuan, his status in the family has risen rapidly. From the previous playboy, he gradually began to accept and manage some industries. For example, not long ago, with the technical support of the Oriental Research Institute, Xu Shixun decided to invest 50 million Hong Kong dollars to build a large-scale electronics factory to produce the Walkman that Li Xuan mentioned before. And Xu Jiankui was appointed as the director and deputy general manager of the new company, responsible for the communication with the Oriental Research Institute.
And he himself took out all his family property not long ago and invested in a cassette tape factory, ready to take a share of the walkman music boom that swept the world, which has made him very busy recently.
It is the consensus of many people in Hong Kong to make a fortune with Li, the God of Wealth. The global economy has been sluggish this year, and Hong Kong's industrial exports have also been greatly affected. However, the companies that cooperate with Dongfang Electronics have not been affected, but have made rapid progress due to the rapid development of Dongfang Electronics, which makes other bosses envious.
"I'm going to set up a venture capital company and I'm going to let you be the vice president!" Li Xuan said.
"Venture capital company?" Xu Jiankui asked with some doubts. There is no real venture capital company in Hong Kong, so Xu Jiankui is relatively unfamiliar with this concept.
"Yes, I'm mainly responsible for selecting some projects with development prospects for initial investment, and after the project is mature, after the company is listed, sell the equity obtained in the early stage to withdraw profit!"
Li Xuan briefly introduced the company's operating methods in a few words, and then continued, "Many young people in Hong Kong now have the idea of starting their own business, but they suffer from lack of start-up capital. Some of them may not have obtained good ideas and ideas. The possibility of success! I set up this company in the hope of sifting out some gold hidden by dust!"
"Oh! Are you going to be the president yourself? I don't understand this. What's the use of you asking me to be the vice president?" Xu Jiankui said with some doubts.
"There are many entrepreneurial projects. Our company can't take all the projects and undertake all the projects. You have a lot of friends, you can contact other people who are interested in a fight, and join the industry of angel investors. Let's make this industry bigger together!" Li Xuan said with a smile.
"How much are you going to invest in this new company?" Xu Jiankui asked.
"The company's initial capital is 100 million Hong Kong dollars! In principle, the investment in a single promising project should not exceed 2 million, and the outstanding project should not exceed 5 million! If the project needs more start-up capital, the founders need to contact other investments themselves!" Li Xuan said.
"I know all the **** who only spend their time and money. You are very good at getting them to pick up girls, but if you let them invest, these people may not be able to play!" Xu Jiankui frowned and said noncommittally.
"Take you, Mr. Xu, for example. If you are asked to invest 1 million or even 5 million Hong Kong dollars in one go, you must think twice. You may not be able to collect such a large amount of money when you are tight!"
Li Xuan said with a smile, "But if you are asked to invest 100,000 Hong Kong dollars in a project, you can take it out without blinking an eye. Even if you lose it, it's just a week or two of living expenses! But if the project is successful ~www.readwn.com~ When the company you invest in grows and finally achieves listing, your initial investment of 100,000 yuan may return several million or even tens of millions of Hong Kong dollars in return!"
"There are really projects that can earn dozens or even hundreds of times the profits, why should we hand them over to others!" Xu Jiankui shook his head in disbelief.
"Any project is risky, and it is impossible for anyone to accurately guess which project will be a great success! So the safe way is to diversify the investment, rather than do it all, after all, the money is endless! Professional! I will invite professional talents to take care of the matter, your role is to widely publicize our venture capital company!" Li Xuan said disapprovingly.
The reason why Li Xuan asked Xu Jiankui to be the vice president of the venture capital company was to use his words to attract more people to join the angel investment industry. Among the investors in Silicon Valley, there are not only traditional VCs like Sequoia Capital, but also local tyrants like Russian oil oligarchs and Hong Kong Li Chaoren, and many lawyers, doctors and other ordinary middle-class new investment angels. There are stylistic stars like O'Neal and Britney. (A good event for pie in the sky, cool mobile phones are waiting for you! Pay attention to ~ point / Chinese website public account (WeChat add friends - add public account - enter), participate now! Everyone has a prize, pay attention now WeChat public account!) (To be continued..)
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