My 1999

Xu Liang first eliminated forum companies.

This kind of company has limited future and little investment value.

Travel companies, vertical intermediary companies such as automobiles and real estate, vertical e-commerce companies similar to Zappos, and then search companies that have developed well.

That’s right, it’s a search company.

As Bing and Google develop faster and faster, the value of Internet search companies will be increasingly valued. Those giants who want to rush into this industry to eat meat, such as Yahoo, Microsoft, etc., will definitely start to acquire them.

When the time comes to resell it, it will also be a huge profit.

After flipping through all the information, Xu Liang probably counted the companies he wanted to invest in.

There are twenty-seven houses in total, large and small.

Although there are many, the value is not high, and the most expensive valuation does not exceed US$200 million.

Of course this is the final hurdle.

In 2002, the shadow of the Nasdaq crisis was completely over.

By 2003, as the Federal Reserve continued to open the floodgates, the federal funds rate would drop to an unprecedented 1%, and a huge amount of U.S. dollars rushed into the market, although most of them went into the real estate industry, creating the behemoth of the subprime mortgage crisis. , but a large part has also entered the venture capital market.

As the market becomes active again, good companies will become the focus of competition.

What Xu Liang can use for investment is the US$300 million withdrawn from the Jupiter 2 Fund.

It's his own money.

Investment must be prudent.

Therefore, he ranked the twenty-seven companies in order according to their value.

Prioritize investment in the front, and then continue investing in the later if there is enough funds.

First, PayPal, third-party payment.

Second, Exped Travel, online travel.

Third, Zappos, vertical e-commerce.

Fourth, Owl, a start-up online travel company.

Fifth, OpenTable, online ordering.

Sixth, Ask Jeeves, Internet search.

As he was writing, Xu Liang suddenly stopped.

After laughing and shaking his head, he threw the pen away.

He suddenly realized that by investing in so many companies at once, Hanhua Capital America Company was bound to recruit on a large scale.

Labor costs skyrocketed.

Such scattered investments may not make as much money as Xu Liang’s direct investment in Apple and Amazon.

You know, Apple and Amazon currently only have a market value of four to five billion US dollars. When the Nasdaq crisis is over, these two companies can easily multiply several times.

Xu Liang's investment is all about increasing leverage, and it will be several times higher when the time comes.

Unless you encounter a super potential stock like Google, you will definitely make more money than being a VC.

Totally thankless.

"Forget it, I'm too lazy to bother."

Look at the list written on the table.

"After all, a lot of thought has been put into it, and it can't be wasted."

Xu Liang took out his cell phone and called Jiang Xiaoyang.

"Why did you remember to call me? Did Ellison agree to fight in the Octagon with you?"

The beauty's clear voice is still so beautiful, but her tone is a bit bad.

"Ellison is almost 60. Unless he is on drugs, how can he fight in the Octagon with me?"

"Hmph. You are good at scheming. No wonder you dare to challenge others."

"Who told him to speak freely? By the way, how are the preparations for the company headquarters now?"

"The drawings are ready and construction will officially start on the 16th of this month."

"So fast?"

"I just plan to build an office building in a regular way, and I'm not like you who want to build a flying saucer. Of course it will be soon. Also, my dad asked me to ask you, when will the renovation plan of your World Style Park start? ?”

"My father-in-law can't wait any longer?" Xu Liang said with a smile.

"Go and stop talking sarcastically. A place as big as the World Style Garden is unfinished and has a bad impact. Of course it should be resolved as soon as possible."

"Don't worry, nothing will go wrong with what I have decided. However, we may want to visit more places. I will discuss the specific plan with him in person when I am done with my work here." Xu Liang said.

After Jiang Xiaoyang agreed, "How long until you come back?"

"I will stay here for a while, but I will definitely go back before the Chinese New Year."

"Okay, I get it."

"Xiaoyang, how much of the $100 million I gave you is left now?"

"What? You don't plan to go back, do you?"

"Since I promised you and the company's equity has changed, how can I come back? It's just that I found several good investment opportunities in the United States and need a certain amount of funds." Xu Liangdao.

Jiang Xiaoyang no longer doubted his investment vision and said immediately after hearing this.

"The design fee for the new headquarters and the initial construction fee have already spent the initial $10 million you gave me."

Before investing US$100 million in Hanhua, Xu Liang also gave US$10 million to purchase the land in Zhongguancun.

"...I can use bank loans later, but I have to leave 5 million US dollars to deal with emergencies.

In addition, US$15 million has been spent on operation and maintenance of the four branches in Magic City, Pengcheng, Xiangjiang, and San Francisco, and I will leave another US$20 million to maintain operations next year.

So, all I can give you is $60 million. "

Xu Liangliang realized that in this era, sixty million US dollars was already a lot.

"Xiaoyang, I remember that the two-year blockade period of the Mars One Fund is coming soon, right?"

"Yes. It expires in more than three months. The doctor glasses and Guangming glasses we invested in are developing well. Compared with before investment, the valuation has tripled."

Jiang Xiaoyang's tone was filled with joy.

Xu Liang is not surprised by this. China is still in the stage of rapid development. As long as it does not mess around and operates well, the company will develop very quickly, especially the glasses industry, which is a high-profit industry.

“Can two homogeneous companies be persuaded to merge?”

Jiang Xiaoyang is also a top financial talent and instantly understood Xu Liang's plan.

The merger of the two companies will instantly create a powerful eyewear chain among the top three in the country. Both its value and brand will increase exponentially. If it goes public, it will also be more favored by the market.

"During this period, I invited the founders of the two companies to meet and try to make progress." Jiang Xiaoyang said.

"Most people are greedy for money. You can analyze the benefits of going public for them. If necessary, show them our hedge fund's profit cases."

"Don't worry, I understand."

Xu Liang nodded, "Xiaoyang, Hanhua has been established for almost two years and has invested in many companies. Now we need a successful exit case."

As an investment company, a successful case is worth a thousand words of persuasion.

Just like Xu Liang’s hedge fund.

Looking at the three successful investment cases, everyone is flocking to them, whether they are financial giants on Wall Street or wealthy families in Hong Kong.

There is no need to ask for funds, others will beg you to accept the money.

"Understood, I will regard this matter as Hanhua Capital's key project in 2002."

After responding, Xu Liang continued: "Now Hanhua VC already has four sub-funds. It is a bit crowded to put them all in China. Put the investment of Mars 2 Fund into Fund 1. In the future, Mars 2 Fund will invest in American start-ups." enterprise.

In addition, I have also set up an incubation base here, so there is also a Mercury 2 fund here.

In a short period of time, Hanhua Capital USA mainly focused on these two funds. "

"Okay, since you are in the United States anyway, you should be responsible. But who are you going to let manage the United States?"

"I don't have a suitable candidate for the time being. Let Zhao Xun take charge first. Jupiter 1 Fund doesn't have much business anyway."

"Um."

"How is the negotiation between Dangdang.com and Ctrip going?"

Although his character is not very good, at least he did not act like a monster before the company went public.

Dangdang is still a high-quality company.

Not to mention Ctrip.

"We have negotiated with Dangdang.com for US$8 million, 17.5%.

Ctrip originally refused, but after your challenge to Larry Ellison became popular around the world, they felt that your investment would increase the attention of Ctrip's listing, so they accepted our financing.

US$12 million for 10% equity. "

"Why don't you order more?"

"Liang Si has already added more money. He can't bear to say that others are already making profits and the need for cash is not urgent. Now financing is more about paving the way for listing."

"Besides the two projects I told you, does the Mars 4 Fund have anything else?"

"We are currently in talks with 51job. We are also in contact with Zhaopin Recruitment. A friend recommended Maopu.com, which I think is pretty good. These are the three projects."

Xu Liang nodded, basically all of them were websites he was familiar with later.

"Where's Sister Xu?"

“Zhen Kungfu invested US$800,000 and took 15% of the shares.

Haidilao invested US$1 million and took 12% of the shares... "

"Haidilao? Zhang Yong is willing to sell it?"

"Sister Xu worked hard with Zhang Yong for two months in Jianyang before we finally settled down," Jiang Xiaoyang said.

"This is really a hundred-refined steel turned into soft fingers. Sister Xu is so patient." Xu Liang said with a smile.

As long as the 12% equity of Haidilao is secured, the return will be thousands of times in the future.

"One more thing. Sister Xu bought back 12.7% of NetEase's equity from Baling Capital. The price is a bit expensive, $5.5 million."

"I remember that Baling Capital invested 5 million in NetEase?" Xu Liang said.

"Yeah. Baling Capital probably knew that Sister Xu liked NetEase's stock, so it dared to ask for more money."

"5.5 million, just 5.5 million. NetEase is a good stock, so Sister Xu can hold this equity." Xu Liang said.

"Are you also optimistic about NetEase?"

"If Ding Lei hadn't controlled more than half of NetEase's equity, I wouldn't have been able to do it. What I acquired was NetEase instead of Sina." Xu Liangdao.

The Pig Factory is the second largest game company in China after the Goose Factory, and Boss Ding also has a good way of running a company.

Whether it is NetEase Cloud Music, NetEase Strict Selection, or NetEase Youdao, they are all unique.

Before his rebirth, he had a market value of tens of billions of dollars.

worth having.

Of course, what really matters to him now is not NetEase itself, but the copyright of "Westward Journey".

With "Westward Journey" and "Fantasy Westward Journey", and later mobile game operations, NetEase created a powerful copyright worth 150 billion Huaxia coins.

Everyone is greedy after seeing it.