my return to life

"In order to facilitate everyone's daily communication, President Fang personally invested 3000 million and I personally invested 2000 million to set up the club's daily office on the 76th floor of Shanghai World Financial Center."

"..."

"Set up a private banquet hall here in Jing'an."

After the basic affairs were determined, Neil Shen calmly talked about the next topic: "After many discussions, the club has established a president, an executive vice president, three vice presidents, and a permanent honor club. long."

"..."

"Do you have any objections?"

"..."

Of course there is no objection.

Next, the first president and vice president were elected.

There is no doubt that the chairman is Shen Nier.

This is inevitable.

It is directly equal elections.

Everyone here is not human, and no one will raise any objections.

The executive vice president is Jin Haitao.

The vice presidents are Lei Jun, Zhou Quan, and Li Chaohui.

They are representatives of Shunwei Capital, IDG, and Goose Factory Investment.

The consideration of candidates is not only the simple scale of management funds, but also all aspects of contacts, resources, and energy.

For example, Lei Jun can be the vice president because of many factors other than Shunwei Capital.

His own official identity, Xiaomi, Jinshan and so on.

There are various factors including Zhou Quan from IDG and Li Chaohui from Goose Factory.

Anyway, it is the approval of many parties after weighing the pros and cons.

As for Jin Haitao, the executive vice president, how should I put it, it is almost entirely because of the relationship between Shenzhen Venture Capital and the scale of funds under management.

Fang Nian...

Fang Nian is naturally the honorary president.

Next, the executive vice president Jin Haitao announced the relevant rules of the club.

"..."

"1. The honorary president has the only one-vote veto power for investment proposals.

Note: When more than 90% agree, the veto power is invalid. "

"..."

"2.……"

"..."

"If you have any objections to the above, please raise it on the spot."

"..."

of course……

Still no one disagrees.

Although everyone here is capital, they are more concerned about the field of interests.

but……

this is China.

Naturally, there are also conventions.

That is, any explicit rules that can be brought up on the spot have already been communicated with at least the basics in private.

In any case, there will never be any opposition.

Including the only veto owned by Fang Nian, it was only put on the rules after it was finally approved through the previous theoretical basis and other elaborations.

otherwise……

On this occasion, Fang Nian would pull Wen Ye to make up the numbers instead of Guan Qiuhe?

Mr. Guan printed a stack of business cards at his own expense, calling himself a frontier angel partner.

All in all, after Jin Haitao finished reading the rules, the entire framework of the influence club was completely settled.

Member institutions include: Frontier Angel, Sequoia Capital China Fund, Shenzhen Venture Capital, Shunwei Capital, IDG, Goose Factory Investment;

As well as 25 venture capital institutions including Morningside, Qiming, Jiyuan, Today, Junlian, Cornerstone, DT, Tiantu, and Zhenghai.

At this stage, it does not accept any form of private equity institutions.

of course……

According to the development plan, there will inevitably be cooperation and even the collective absorption of the second batch of members in the future.

The most suitable thing for tuyere is to intervene in the entrepreneurial stage.

…………

When the club's affairs are discussed.

Fang Nian, Shen Neil, Jin Haitao, Lei Jun, Zhou Quan, and Li Chaohui sat on the podium.

Neil Shen took a sip of tea, looked at the audience, and said kindly: "It's actually not easy for the Influence Club to be established so smoothly. I suggest that everyone applaud themselves together."

"..."

Everyone smiled kindly.

There was a clap of applause.

It is indeed not easy.

Not to mention Fang Nian and Shen Neil's frequent meetings, consultations, exchange of opinions, and general direction of seeking common ground while reserving differences.

Just because today's process is so smooth, we can see the hard work behind it.

Otherwise, why didn't you just drag him to the meeting from the very beginning, instead of having a reception first?

How can it be very simple to coordinate the interests of multiple parties.

In the past few days, even Fang Nian was so busy that he didn't even touch the ground—although he still didn't skip class.

The atmosphere in the venue became a little more relaxed.

Only then did Shen Neer say unhurriedly: "Considering many factors such as management, coordination, science, mutual benefit, openness, sharing, and win-win, I propose that everyone jointly fund the establishment of a team that belongs to the club's management. Power Fund."

"..."

After Shen Nier's words fell, Lei Jun spoke first: "In order to avoid foreseeable conflicts of interest, I agree."

"I agree."

"..."

This topic was fully agreed by all 26 investment institutions on site.

Capital has only one 'weapon': money.

Following this topic, Shen Neil proposed an additional topic.

"Okay, the impact fund proposal is approved."

Then, Neil Shen carefully said: "In terms of the size of the fund, Mr. Fang and I have considered in many ways, and with reference to market analysis and other factors, we have two proposals;

First, the total scale is RMB 50 billion, and each institution contributes 2 million.

Second, the total scale is RMB 100 billion, and each institution contributes RMB 4 million.

In principle, the third category of proposals is not accepted. Out of the principles of fairness, justice, openness, and sharing, the average can better reflect the common interests. "

"Of course... After agreeing that the investment proposal for the formation of the next man-made outlet is passed, the club encourages all parties to pursue investment."

The meaning of Shen Nier's words is very clear.

Impact funds need to ensure mutual fairness for the benefit of all parties.

If there is no president or vice president, or the institution has stronger financial strength, more money will be paid.

Although the capital circle itself is cruel, it is not conducive to long-term development.

However, in order to avoid more troubles, there are also supplementary clauses. After the impact fund invests funds according to the investment proposal, it is up to each other according to their own ability.

No one has anything to say about this.

This proposal was more discussed.

Someone raised some questions, such as what is the difference between 50 billion and 100 billion, such as this and that.

After all questions have been answered.

In the end, 100 institutions chose [-] billion.

Following the principle that the minority obeys the majority, the proposal chooses a funding scale of 100 billion.

"..."

After the proposal was passed, Neil Shen looked at some places in the audience: "Actually, I know some doubts in everyone's mind."

"Don't worry, Mr. Fang has already put forward the choice of the next outlet based on the summary of various information."

Fang Nian took up the conversation without hesitation: "Everyone, please watch the big screen."

"After rigorous market data collection, aggregation, analysis, reference to this model, and reference to many factors such as long-term development, the two most suitable sub-sectors are currently:

Mobile social software and mobile games are networked. "

"These two sub-sectors, after the formation of outlets, can generate subsequent investment outlets and corresponding benefits."

"..."

Next, Lei Jun, Shen Neil and others demonstrated and supported Fang Nian's point of view from various angles.

For example: there are signs of small outlets in both segments;

Considering that this is the first investment after the establishment of the club, safety, influence and follow-up development should be considered comprehensively...etc.

Anyway...

The model is real, it was made by Liu Xi after two nights of hard work.

It is also true that there are follow-up developments.

Even the theory that location-based social services are bound to rise is true.

but other...

It's all Fang Nian's nonsense.

His purpose this time is only one, to let everyone see the real benefits and truly appreciate the sweetness brought by the word 'influence'.

At most, it contains a little personal purpose.

In the end, among all kinds of rainbow farts in each other's year, most of them chose mobile games.

Because the game market is large and the profit margin is high, and the current mobile game market is a blue ocean, a wider business model has not yet been explored.

Networking is the point of getting points from point to point.

then……

That's how the next outlet came about.

As for the subsequent fund establishment, investment affairs, etc., it has nothing to do with Fang Nian.

They are all honorary presidents. How can such details be related to Fang Nian?

right!

This is why Fang Nian is the honorary president.

The happy meeting came to an end.