My Age of Investment

Sequoia China?

Xia Jingxing calculated, this well-known investment institution was established this year in its previous life!

How did old man Mo find himself on his head?

What exactly do you like about yourself?

But after hearing so much from the old man, he almost guessed something.

The media and some foolish investors felt that Lichun Fund had just been established and its investment performance was mediocre, and they even invested in an electric car that no one was optimistic about.

But this old man has a lot of information, he should have thoroughly investigated himself, and he also knows about his investment in Skype.

Skyp now has 20 million users. Although it is not profitable, the acquisition offer made by eaby has reached 2 billion US dollars!

Xia Jinghang invested 400,000 and 1.44 million US dollars, and followed up with two rounds of investment, holding eight points of equity in this Internet phone company.

With this investment alone, not to mention going to the VC altar, it is absolutely no problem to earn titles such as "excellent vision" and "extraordinary talent".

In addition, he has also invested in several Chinese Internet and technology companies such as Ganji.com and Tudou. In the eyes of Sequoia Capital or Moritz, he should be a person who understands VC and the Chinese market.

After thinking it over, Xia Jingxing didn't rashly express his opinion, but asked, "How does Sequoia want to cooperate?"

"As the world's top investment institution, Sequoia not only has a brand name, but also has created a complete set of post-investment services over the past few decades."

The old man Moritz said with a smile: "It is undeniable, Darren, you are a man of vision.

But investing is not about fighting alone, let alone leaving the investment behind.

Perfect post-investment services can help entrepreneurs go further and help investment institutions capture greater profits.

At the same time, this is also the core competitiveness of a VC firm.

Investing is not just about having money.

In the stage of angel investment, entrepreneurs have nothing and may only value money.

And when it comes to round A, round B, round C...,

Dumb money is no longer enough to impress entrepreneurs. "

Xia Jingxing raised his hand, motioning for the old man to continue, recently he was worrying about how to build a post-investment service team, and if the old man wanted to be a "live thunderstorm", it was up to him.

Moritz continued with a smile on his face: "You have a very good investment talent, while Sequoia has decades of investment experience.

The cooperation between the two sides will definitely produce the effect of one plus one greater than two.

What I mean is, we both set up a "Sequoia China" fund, and you will be the executive partner.

In addition to helping you train a strong post-investment management team, Sequoia Capital can also help you raise funds.

I know that Xiaoman Fund is recently raising a hedge fund with a starting price of 500 million US dollars, and that is because you have done a good job in securities investment.

However, the exit cycle of VC funds is relatively long, and it may be three or five years later when Lichun Fund delivers a good answer.

Since the beginning of this year, a large number of venture capital institutions have entered China on Shaqiu Road and have begun to set up local Chinese funds.

If you want to defeat these powerful opponents in the Chinese market, I believe there is no more suitable partner for you than Sequoia. "

Xia Jingxing doesn't quite know how much profit Shen Beipeng sacrificed in his previous life to get the brand authorization from Sequoia Capital, so it is expected that the profit from the sale will not be less.

But he feels that he can't use Sequoia Capital's signboard at all, because he himself is the best signboard.

The post-investment service has indeed stretched a little bit, but it cannot be accomplished overnight, and it is built slowly.

After figuring out the old man's intentions, Xia Jingxing shook his head, "Sorry, I can only say "no" to this kind of cooperation."

"Daren, don't rush to make a decision, just listen to me first."

Moritz waved his hand and said calmly: "The Sequoia Capital brand, no matter which country you move to, there will always be entrepreneurs who will buy it.

I know you have a lot of fame in China, and it is no exaggeration to say that you are the idol of young entrepreneurs.

However, if you want to do well in this business, you must have a complete set of strategies to invest in large-scale companies with potential and huge returns.

For example, Sequoia's consistent "track theory". "

Xia Jingxing felt that the old man was starting to infuse himself with ecstasy soup. According to Hammer Circuit, it was money doing whatever he wanted.

Of course, it's not just about having money, but also adding a golden signboard.

Sequoia China has invested in a large number of new energy car manufacturers such as Weilai, Xiaopeng, Byton, Leap, and Hengtai, and they are all competitors.

There are many things that need to be coordinated, and the most important thing is that entrepreneurs all buy this signboard.

"I don't like to borrow other people's brands, but I want to build my own fund brand."

After finishing speaking, Xia Jingxing felt a little inflated. He thought he didn't need this signboard at all, and he was confident that he could use Vision Capital's signboard.

Borrowing the nameplate of Sequoia Capital, the early stage of the investment business will definitely be much smoother, but it also means that most of the benefits will be transferred out.

To sum it up in one sentence: Most of the development dividends of China's Internet have been eaten by foreign capital.

The old man Moritz was a little displeased when he heard this, and his face quickly darkened.

He felt that it was a big deal of face for him to let you, a brat, take charge of Sequoia China, and he even refused me.

He suppressed the anger in his heart and asked, "Then what do you want? Sequoia will set up a fund of funds and become an LP for Vision Capital?"

Xia Jingxing wouldn't want Sequoia to be his investor, he would be working for capitalists.

The VC fund doesn't need much money, and he can handle it all by himself, so there's no reason to hand over the money in his pocket to others.

However, he still saved some face for Moritz, and said with a smile: "If Sequoia wants to contribute part of the capital to us, it is also acceptable, but the premise is that the amount of capital should not be too much."

Moritz just asked, how could it be possible to invest money in Vision Capital, because it showed in disguise that his own investment ability was not good.

However, Xia Jingxing's downplaying attitude and the words "don't invest too much" still made him feel angry.

"Okay, let's do it!"

Moritz knew that there was no possibility of cooperating with Xia Jingxing, but he still maintained his superficial demeanor.

Xia Jingxing didn't think it was a pity.

According to his knowledge, in his previous life, Sequoia was looking for a candidate for the helm of the China Fund. He once found Deng Feng, but was rejected by him.

Deng Feng insisted on using the "Northern Light Investment" brand, but the old man Moritz sent the former to the gate and said, "Deng Feng, look, this is a red carpet."

Deng Feng said, "Where is it?"

Moritz said: "You remember, this is the red carpet, whenever you want to come to Sequoia, you come back."

The old man Moritz is very pretentious. What he wants to express is that choosing Sequoia means choosing a golden road.

Many years later, Shen Beipeng was indeed more famous than Deng Feng, and his investment was more successful.

But Xia Jingxing felt that it wasn't all because of the brand. Ctrip and Home Inns founded by Shen Beipeng were all listed companies in China, while Deng Feng's company was in the United States.

In terms of familiarity with the Chinese local market, Shen Beipeng is better than Deng Feng.

Deng Feng is a master of technology, an investor who can compete with industry experts on forums.

Shen Beipeng was born in an investment bank and is proficient in the capital market.

Since Moritz had been rejected, Xia Jingxing didn't want to stay any longer, and after saying a few words, he prepared to take his leave and leave.

Moritz still sent Xia Jingxing to the door in a very gracious manner, and added: "I changed my mind, you can contact me at any time."

Xia Jingxing smiled, didn't say much, and strode out.

As soon as he got into the car, he received a call from Deng Feng.

"Jing Xing, are you free? If you are free, come to Pebble Beach to play golf and introduce you to some new friends."

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