Rebirth of the Entrepreneurship Era

Xu Yiyang intends to form a team in the Internet industry in the near future.

After all, the Internet at this stage is in the golden period of development, and many products have not yet been born, so there is a lot of room for development.

But the biggest problem is that there is no technical team. After all, everything in the Internet industry needs technical support.

Although Liu Mingchao's team is small and crude, its members are all graduates from famous universities, and their technical strength should be beyond doubt.

If this cooperation, they can do a good job of the management software they need, then they can consider poaching his entire team.

What's more, he also knows Zhang Xiaolong, a master, and through him, he may be able to open up a way to take root in the Internet.

Although he really wanted to get acquainted with Zhang Xiaolong earlier, he did not mention the matter of introducing Zhang Xiaolong to Liu Mingchao this time.

The main reason is that it doesn't make much sense to know Zhang Xiaolong now.

Zhang Xiaolong is no longer a slugger who worked hard to start a business. He has created an excellent product. Many people want to buy his Foxmail, and the price is at least several million.

In this day and age, technicians who can earn millions from a single product are absolutely rare.

Therefore, even if Xu Yiyang knew Zhang Xiaolong now, he still couldn't win him over.

...

When Liu Mingchao and his team started to develop management software for Xu Yiyang, Lin Xiaru, an executive of Goldman Sachs Capital, was preparing to leave for Yanjing from New York.

This time, she is going to Yanjing to follow up on several projects invested by Goldman Sachs, and to hold a meeting with the person in charge of the Yanjing area to discuss increasing the scale of investment in the Zhongguancun Internet entrepreneurial team.

Cai Chongxin knew that she would come to Huaxia in early September, so he had been waiting for her to meet with Boss Ma after she came to Huaxia to talk about investing in Ali.

So, seeing that September was approaching, Cai Chongxin called her again.

Lin Xiaru is also very interested in Ali's projects, and with the endorsement of Cai Chongxin, a former Wall Street colleague, she already has a certain intention to invest in Ali.

Now Goldman Sachs is very interested in the Internet industry in China as a whole.

Goldman Sachs has already witnessed the rise of Silicon Valley and the large amount of wealth created by the Internet in the United States in the past few years, so the entire Goldman Sachs and even the entire Wall Street are looking forward to the miracle that happened in Silicon Valley in the past few years, which can be perfectly reproduced in China.

That's why they pay special attention to Huaxia Internet start-up companies and entrepreneurial projects.

Lin Xiaru has long seen the business plan sent by Cai Chongxin. Although Ali's B2B model is not the first, Lin Xiaru is still very interested in the entry point of Boss Ma.

She is also looking forward to meeting Boss Ma at this time, to see what kind of charm the man Cai Chongxin praised has.

Just when Lin Xiaru was already packing her luggage at home and was about to leave for Huaxia early the next morning, one of her right and left hand suddenly called and said, "Boss Lin, we have evaluated an S-level business plan from the mailbox, and the project is in Huaxia Yanjing, the direction is B2B, the plan has been forwarded to your mailbox, if you have time, check it out as soon as possible."

"S level?" Lin Xiaru asked in surprise: "Is there such a high level?"

The other party said firmly: "The investment committee has already reviewed this plan, and they all gave an S-level evaluation."

Lin Xiaru immediately became serious.

S-level projects are hard to come by!

For Goldman Sachs, they receive a lot of business plans from all over the world every day, and behind each business plan represents a project, so they have strict review regulations on the pros and cons of the project.

first,

Those who receive the business plan must rely on their own professional level to rate the business plan. The highest grade is S, followed by A, B, C and E. This is also the international practice of content rating.

Generally speaking, Goldman Sachs only invests in B, A and S projects.

Projects that reach these three levels will be submitted to the Investment Review Committee by the person who initially received the business plan, and will be re-evaluated by the Investment Review Committee. If they are still within these three levels, the investment manager will contact the other party directly. Conduct investment negotiations.

If it is B-level, then in principle, you will not lead the vote, or hold it for a long time. Generally, you vote for one round, watch one round, and withdraw in the third round;

If it is A-level, in principle, lead the investment as much as possible, and whether to hold it for a long time depends on the company’s subsequent development;

If it is an S-level investment, it is necessary to strive for the lead investor and have at least three rounds of financing in hand. If it is the first round of investment, then in the second, third and fourth rounds, never consider exiting.

Those that can really be rated as S-level are the top projects.

Boss Ma's project was rated B after several internal debates.

At that time, it was rated as A or B, and there was a big internal disagreement.

Some people think that this project, Huaxia, is just in its infancy and has a lot of room for development. With this advantage, A-level is no problem;

However, some people think that the founders of the project do not have enough experience, are not from the Internet industry, and their practical ability needs to be tested, so they should be positioned at the B level first.

Later facts proved that Goldman Sachs really regarded this project as a B-level project. Around 2003, they sold all the shares in Ahli at a price of seven times the investment, and missed hundreds of billions of dollars.

Recently, Goldman Sachs has not encountered any S-level projects in China.

So she hurried back to her room, turned on her computer, and downloaded the business plan from her mailbox.

The moment she opened the business plan, Lin Xiaru was stunned by the template style of the plan.

She has been investing for so many years and has seen countless business plans made by PPT, but in terms of visual effects, none of them can match this one.

It's not that Xu Yiyang is so awesome, but that his aesthetics is at least 20 years ahead of the present. This is like the website interface 20 years later. Putting it together with the current website interface, the difference is not just an era.

Just at this glance, Lin Xiaru felt that the person who made this plan is very good, quite good!

Immediately afterwards, she hurriedly began to read the contents of the plan, and became more and more frightened!

She had read Boss Ma's proposal, and although it mentioned grand concepts like the future and the world countless times, the overall feeling was quite satisfactory because there were only concepts and no plans.

Moreover, Boss Ma's understanding of B2B does not give people a bright feeling.

This is because, at this stage, Boss Ma's understanding of the Internet is really not deep enough.

He was not born invincible, and he made many aggressive decisions in the early stage of entrepreneurship, which almost ruined the company's future several times.

The most serious one was that after he got the five million dollars led by Goldman Sachs, he immediately started to go global with great fanfare. Dozens of people, the company's costs are huge, and the capital chain is almost broken.

Later, Boss Ma followed Goldman Sachs, rented a large office space in the best office building in Hong Kong, set up a branch in Hong Kong, and spent hundreds of thousands of dollars in Hong Kong alone.

Boss Ma, who threw money at both ends, did not realize that the Internet industry was on the verge of collapse.

The money was almost spent, and when the Internet bubble burst in 2000, Ali almost collapsed.

At that time, it was Sun Zhengyi of Japan's Softbank who had a unique vision and invested in Ali's second tranche, which allowed Ali to survive that cold winter.

Therefore, at the current stage, Boss Ma's long speeches may be very provocative to people who don't understand the Internet, but they are obviously much less provocative to people like Lin Xiaru who have dealt with the Internet for many years.

Because of this, Lin Xiaru doesn't think much of Boss Ma itself, but such a project is currently in line with Goldman Sachs' strategy and can be invested. In addition, Cai Chongxin is a matchmaker, so she is interested in investing in a round.

And when she finished reading Xu Yiyang's PPT, she immediately felt that the gap between the two proposals was like nothing else.

She feels that this person who calls himself Jeremy Xu has a greater and clearer grasp of B2B, e-commerce and the pattern of Huaxia Internet.

No matter how you look at it, it is more appreciative and convincing than Boss Ma's business plan.

Moreover, Jeremy Xu's team is too strong, all of them are high-achieving Chinese students who graduated from Stanford University, and each of them has a passion for returning to China to start a business. They are absolutely academic, regular army and even ace army.

Secondly, Jeremy Xu's control over domestic competitors is too strong! Intelligence work super horse boss a lot!

Boss Ma has not yet raised funds, but Jeremy Xu has already paid attention to him, and even bought his company's domain name in advance, just to prevent him from becoming bigger. This gives Lin Xiaru the feeling that there is always a A tiger is watching in the dark!

Just buying the domain name is enough to prove how powerful Jeremy Xu's intent to kill is.

This also made her immediately feel that Boss Ma's layout was indeed not enough.

I have been talking about globalization, why not buy the domain name of the company name in advance? And let this JeremyXu buy it?

This really confirmed Jeremy Xu's judgment on him: no money! Everything is waiting for capital transfusion to start.

In the end, she couldn't help but sigh in her heart, Boss Ma's team has a poor sense of confidentiality!

It's really too bad!

Otherwise, how could this Jeremy Xu have such a clear grasp of his affairs?

When he founded the company, how much money he contributed together, how many people are in the team, who are the famous people, and what are the advantages of each person, the other party knows everything.

For example, he knows which school Boss Ma graduated from, that he has been to the United States, that he lacks Internet background and technical foundation, and that he is good at eloquence, but he is suspected of talking on paper;

At the same time, he also knows that Cai Chongxin was born on Wall Street, and his resume and qualifications are very good-looking, but he is not rational enough.

Otherwise, they would not have given up their jobs on Wall Street for such a start-up company. To put it bluntly, this kind of person is abandoning the light and turning to the dark.

Seeing this, Lin Xiaru has already sentenced Ali to death in his heart.

With such a powerful competitor behind him, not only is he unaware, but he is also daydreaming about globalization every day. What is it if it is not just talk?