My Age of Investment

  Chapter 488 Taboo and Ji Doctor (seeking monthly ticket)

  The next day.

  Magic capital.

  A high-class hotel near Dianping.

  The doorbell was rang, and Fu Jixun opened the door and saw Zhang Tao standing at the door, a little worried.

"come in!"

  Fu Jixun's voice was calm, and the whole person seemed very cold.

Before    came, Zhang Tao had guessed that this trip would definitely not suffer from a bad face.

  It was because they had the wrong first, and they had to stand at attention when they were beaten. He was prepared for this.

  Yesterday, after he received Rao Lei’s message, he quickly gave Xia Jingxing a call, and the other party only faintly replied "I know."

   Then she hung up without saying anything.

  Zhang Tao was anxious all night. When he went to work with two dark circles under his eyes, he received another call. The other party claimed to be Fu Jixun, the managing director of Envision Capital and a partner of Jingzhe Fund.

   Then, he found this place according to the hotel and room number sent by the other party.

   "Sit down, there is water, if you are thirsty, take it yourself."

  Fu Jixun was very polite, but after thinking about it, he felt a sense of refusal to be thousands of miles away.

  Zhang Tao had a premonition of "before the storm", cautiously found an empty seat on the sofa by the window, and sat down gently.

  Fu Jixun has been carefully observing Zhang Tao's expression and actions.

  This is the first fire for his new official to take office. Whether he can light the fire cleanly, the focus is on the man in front of him who is five years younger than him.

  Actually, after the yacht returned to the port yesterday, he didn't sleep well all night. He stayed up late to check the information about Dianping.com and the founding team.

  After arriving in the magic city this morning, he ran into Rao Lei again, not letting go of a single detail, and understood the matter again.

  Xia Jingxing is not very sure, whether “the other founders are rebellious in the back” or “Zhang Tao and the founders play a double role together”.

  This kind of dirty and tiring work, he is already inconvenient to intervene, so he throws his head on Fu Jixun, and by the way, puts the new fund manager's ability and skill to the test.

Fu Jixun sat down on the sofa opposite Zhang Tao and stared at the latter, with a cold voice saying: "There was a breach of contract, and President Xia was very angry. This is the first breach of contract encountered by Envision Capital in more than a year. ..."

   "Pay Total!"

  Zhang Tao had a bad feeling. He was about to interrupt, but he was stopped by Fu Jixun’s wave of his hand. “You have to listen to me first. You have breached the contract. This is already an established fact.”

  Zhang Tao opened his mouth, but didn't know how to defend, his face was ashen ashes, and the whole person was a little at a loss.

  Fu Jixun glanced at Zhang Tao and continued blankly: “People want faces and trees want bark. It is impossible for Vision Capital to continue to cooperate with people without professional ethics.

  So, we decided to terminate our due diligence and give up our investment in Dianping. "

   Zhang Tao was about to breathe a sigh of relief, but Fu Jixun added another sentence, “Of course, according to the agreement, Dianping needs to compensate us for the default amount equal to the investment amount, which is US$2 million.”

   "Huh, 2 million dollars?"

   Zhang Tao exclaimed, and then stood up excitedly to defend, “Zong Fu, even if we sold Dianping.com, we couldn’t make up so much cash.”

   "That has nothing to do with us, everything is done according to the contract."

  Zhang Tao's eyes were bleak, and he regretted his death in his heart, which was very uncomfortable.

  According to industry practice, after taking a TS from a certain venture capital institution, almost no entrepreneur will honestly wait for the completion of the due diligence and wait for the financing to be successfully received, just because it is too passive!

  Signing TS does not mean that the due diligence can be passed smoothly, and it does not mean that the venture capital institution will make money smoothly.

  Although there are "exclusion periods" and "confidentiality clauses" in TS, smart entrepreneurs will keep in touch with other venture capital institutions to a certain extent. So that the financing fails, you can quickly find the next home.

  Of course, this kind of contact should not be too close, so as not to violate the red line and cause breach of contract.

   Two days after they got the TS from Envision Capital, Sequoia China came to the door.

  So, he asked his partner Kong Wei to maintain a certain contact with Sequoia China, leaving only a second hand, not planning to change the door.

  As a result, his partner Kong Wei didn't know what kind of ecstasy was poured by the people of Sequoia, and after returning, he made a vigorous proposal to replace Vision Capital.

Several other founders also support Kong Wei’s idea, and plan to create obstacles to due diligence so that Envision Capital will voluntarily give up investing in them without breaching the contract, and then they can easily go to Sequoia China. .

  Zhang Tao is still relatively decent, and feels that he has signed an agreement, he must have the spirit of contract.

  And in his opinion, Xia Jingxing is obviously an Internet expert, knows marketing, knows how to operate, and has given a lot of good ideas to the public comment. This is priceless.

  So, he was in a stalemate with several other founders, and quarreled in the conference room. Rao Lei noticed the movement, and then he asked the truth.

   Zhang Tao heard the two million dollars in compensation, feeling that the sky was going to fall down, and began to talk to Fu Jixun about his difficulties.

  "...Fu Zong, you know now, our company does not have that much money at all. If compensation is required, Dianping will have to go bankrupt.

  I am personally very inclined to Vision Capital. It is mainly my partners who have thoughts that shouldn’t be taken up. "

  Fu Jixun has almost clear the pulse, it turns out that the few rat **** are the other founders.

  "You are the major shareholder and the original founder of Dianping. They are all "co-founders" that you have introduced one after another.

   Said to be a partner, but in fact it is also a minority shareholder and employee. "

  Fu Jixun showed a hint of ruthlessness, "In this case, you should act decisively, clean up the door, and keep the team pure."

Zhang Tao frowned, "Kong Wei used to be the vice president of Smart Phone and an executive of a listed company. I invited him over because he thought he could help me manage the market, operations and other aspects of work. In fact, he did a great job. not bad."

  Fu Jixun shook his head and scolded: "It's a big mistake! Character should be put first.

  The character is not good, no matter how powerful it is, you can’t ask for it. Our Vision Capital is also the investment logic. As long as there is a problem with character, no matter how good the project is, we will not invest. "

  Zhang Tao's face was embarrassed, "Fu, can you negotiate the amount of compensation?"

  Fu Jixun waved his hand, staring at Zhang Tao with piercing eyes, "Now there are only two ways in front of you, either to compensate for the loss of Vision Capital, or to clear the door!

  A clean Dianping.com, Envision Capital is still willing to invest. "

  Zhang Tao understands, this is because he wants to drive the other members of the team out of the company.

  In fact, when this kind of thing happened, Envision Capital could no longer tolerate the existence of those shit-scramblers anyway.

  Zhang Tao is not stupid. He soon figured out the joint. Is it false that Envision Capital’s claim for compensation is false, and the true purpose is probably to force himself to expel those partners.

After trying to understand, Zhang Tao calmed down a lot and said: "If they leave, Dianping may fall into a turmoil."

  "We can tolerate "business adjustments" and even help Dianping introduce more advanced talents."

  Fu Jixun smiled, “I used to be a director of Baidu, and Mr. Xia is also a director of Ari and many technology companies in the United States.

  Domestic first-line Internet companies, or Silicon Valley technology companies, as long as you need, talents from these companies can be introduced to Dianping.

  People can only grow new and healthy meat by cutting out the abscesses. The same is true for companies who get sick. Don’t avoid doctors! "

  Zhang Tao was silent, his eyes flickering a little.

  (End of this chapter)