C144 There Is Always a Way out

At this moment, seeing Fan Wenbin finally ask about the main topic that they were going to talk about today, Li Fan also put away his smile, drank a mouthful of beer, and looked at the other party. He sighed slightly, and used a very slow tone to talk about the cause and effect of the matter.

That night, on the roof of the Red Leaf Hotel, Li Fan found Pang Chengchuan. Half of his tears and the other half of his mucus were told to him about the misfortune that he had encountered. After that, Pang Chengchuan secretly arranged for him to be in a guest room in the hotel, and he protected Pang Chengchuan with delicious food and drinks.

A few days later, in order to host the martial arts competition, Pang Chengchuan was so busy that he couldn't catch up to him. He had no time to care about him and didn't arrange any work. He only asked Pang Xiao Lei to take care of his life. Li Fan was so anxious that he could only wait patiently. There was no other way.

President Pang was indeed very busy. In a few days, he would arrange his work and he would take advantage of the time when he had nothing to do to rest first. Lying on the spacious and comfortable bed, Li Fan consoled himself.

However, twenty days passed very quickly. Pang Chengchuan seemed to have forgotten about him and did not care about him at all. Li Fan could not stay any longer. He took the opportunity to tell Pang Chengchuan about his intention to leave Da An.

Pang Chengchuan stared at him and thought for a moment. Seeing that Li Fan had made up his mind to leave, he knew that it was meaningless to ask him to stay any longer. He could only say, "Brother, take care. We'll keep in touch in the future. "

Originally, he had taken Li Fan, who was at the end of his rope, into his care. On one hand, it was due to the friendship between his old friends. On the other hand, he had seen through Li Fan's value. After all, Li Fan was a scientist and was proficient in finance and finance. He had even been the head of the He Feng Bank's Credit Department and had a lot of connections in Da'an.

But now, he had taken the initiative to ask to leave Da'an, and his attitude was very firm, and his decision to leave had been made. Pang Chengchuan could only sigh and say a few comforting words. He gave Li Fan 2,000 yuan and then instructed the head of the security department, Pang Xiao Lei, to escort him onto the long-distance bus heading to Lan Province from Da An.

After arriving in Lan Province, Li Fan lived in a very hidden small guest house. Other than eating, he did not go out for a day. He only searched for recruitment information published in the Lan Province Night News and other newspapers every day, hoping to find a suitable job as soon as possible.

As the saying goes, there is always a way out. As expected, in just a few days, he found information on a financial talent recruitment. The conditions were very suitable for him, and the salary was very high.

Li Fan was very happy. After calling to ask for the address, he cleaned himself up and became energetic. He took a taxi to the Hu Yang Foundation headquarters with all the documents he needed, including his graduation certificate, to meet the examinee examiner.

After a very difficult interview, he met the head of the Poplar Fund, Yang Chongguang, who was known as "Soros" in the Pugilistic World. The last hurdle was very crucial. Whether he was hired or not would be decided by Yang Chongguang alone. This was a custom that the Poplar Foundation would never change.

He had a very solid financial theoretical knowledge and a rich bank working experience. In between his questions and answers, his words were concise and reasonable, and his demeanor was polite and polite. He displayed Li Fan's elegance and potential. After being praised by Yang Chongguang, he was immediately hired.

Not long after working, Li Fan understood. This foundation named Hu Yang. Actually, it was a venture capitalist that controlled hundreds of billions of funds, and Li Fan was the venture capitalist, looking for a company with potential for development.

Risk investment funds were also called entrepreneurship funds. It was a new type of investment organization that was widely popular in the world. It absorbed organizations and personal funds in a certain way and invested them into small and medium-sized enterprises and new enterprises that were not qualified to be listed, especially high-tech enterprises.

Risk investment funds do not need to be guaranteed by the assets of the risky enterprises. The procedures are relatively simple. Its business approach was to pursue high returns from high risks. The Risk Investment Fund participated in investments in the form of shares. Its purpose was to help the companies that were invested mature as soon as possible and obtain the qualification to be listed, thus increasing the capital value. Company.

Once the company's shares were listed, the venture investment fund would be able to withdraw the investment funds through the transfer of shares in the securities market. After obtaining the excess profits, it would continue to invest in other venture companies. This cycle repeated over and over again, and they finally obtained the expected profits.

Currently, the risk investment funds in the world could be roughly divided into the European and Asian types. The main difference between them was that the investment target was different. For example, the Morgan Stanley Fund, the United States KPCB Fund, the Carey Investment Group, the Sequoia Investment Group, the Soft Feather China Investment Fund, and so on.

Risk Investment Fund was a modern investment system that 'experts manage finances, gather investments, and scatter risks'. For risky companies, by using Risk investment funds, not only would there be no debt burden, they could also get the advice of experts to expand the advertising effect and accelerate the process of listing.

Especially for those high-tech industries, through expert management and combined investments, the risk investment reduced the industry risks brought about by the long investment cycle, making the high-risk and high-profit high-tech industry have an effective balance, and thus providing a stable financial support for the development of the industry.

In November 1997, the Securities Committee of the State Department issued the Temporary Securities Investment Fund Management Method. It provided a basis for the nurturing of venture investors, especially the diversified channels to raise funds for venture investments.

Risk investment funds were no different from other investment funds. The main difference was that the investment target was high-risk high-tech innovative companies with a high failure rate of around 60 to 80%. And the success rate was only around 5-20%.

Hence, this required the fund to be large enough. It allowed the venture capital to invest in multiple venture projects at the same time, and through the success of one or a few of them, it could make up for the losses and profits from other venture projects. Secondly, the fund often used joint investments with other venture investment companies to split the risks. The third reason was that the fund often made decisions without hesitation and dared to make a choice.

In the venture investment world, there were countless cases of success or failure. It was said that back then, Alibaba Company was short of funds, and Ma Yun visited more than a dozen investors, but he didn't get a single investment. Afterwards, he met Sun Zhengyi, the chairman and CEO of the Soft Feather Bank Group.

After the two of them talked for only six minutes, Sun Zhengyi immediately decided to invest in Alibaba Company. Afterwards, when some busybody people asked about the reason, Sun Zhengyi jokingly said, Look at Ma Yun's shining eyes; this young man's future is definitely not good.

In the past, Sun Zhengyi had invested 20 million USD. In addition to the 60 million USD invested in 2004, Soft Feather had used 80 million USD to obtain 34% of Alibaba. 4% of the shares.

Afterwards, Alibaba Group was officially listed on the market in New York, and its stock code was BABA. The value of Soft Feather's shares was as high as 83. 32 billion USD, which was converted to 578. 8 billion RMB. It had obtained a return of over 90 billion USD, a thousand times more than that, and had become a legend in the industry.

Of course, according to what Li Fan knew, there were also many examples of failure. Moreover, there were many more such examples than those who succeeded. In his memory, Tang Haisong's Billion Tang Company was a very typical example.

In 1999, on the eve of the first Internet collapse, Tang Haisong, who had just received an MBA from Harvard Business School in the United States, founded Billion Tang Company. The management staff consisted of five Harvard MBs and two Chicago MBs, with the reputation of "Dream Team. "

With his attractive entrepreneurship plan, Tang Haisong obtained 50 million USD investment funds from two famous venture investment companies, DFJ and Evelyn Rose. Today, this was one of the biggest private financing cases in China's Internet industry.

However, at the end of 2000, the winter of the Internet suddenly came. Even after 100 million Tang burned most of the money, it still could not make any profit. From 2001 to 2005, the only impression that Billions of Tang left on users was that it became the official website for the CET (Level 4, 6) exam.

In 2006, Billion Tang sold the best SP assets (license resources) to Qihu Company at a low price in exchange for 1 million USD. In the end, the former 'Dream Team' also chose to leave after burning all the money in the company. May 2009, domain name. Due to the non-renewable fee being publicly auctioned, it was finally bought at a price of 350,000 USD.

Before Li Fan joined, Hu Yang Foundation had also experienced many big and small failed investments. However, success cases were more than failures. Although it was not comparable to large investment companies like Angel Investment today, it was still somewhat famous in the industry.

This time, it created public opinion and hired risk investment managers on a large scale. It was for the further development of the Foundation. Because of this, Li Fan, who was a financial science major and had once been a middle-level manager of a bank, was selected by the head of the sect, Yang Chongguang, to be the senior investment manager.

After saying these experiences, Li Fan let out a long sigh and took a sip of beer. After a moment, he asked with a bitter smile: "Manager Fan, This is what happened after I left you that night. Does it sound like a legend now?