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Chapter 1,265 Fund Transformation

Chapter 1,265 Fund Transformation

Hearing Jing Gao's self-denial and self-examination, Bai Xingguo felt that his hand holding the teacup was almost unsteady. What is true advice that is harsh to the ears, and what is good medicine that is bitter to the mouth? What does he not understand? Sometimes it doesn't matter whether it is right or wrong, as long as the words are heard.

Very important. He quickly said sincerely: "

Mr. Jing, now and then, our Beijing University Student Entrepreneurship Fund has done some practical things..."

Jing Gao waved his hand to stop Teacher Bai's "sincerity". He was not afraid to admit his mistakes. He said: "I didn't think so far into setting up this entrepreneurial fund at the time! Venture capital is really not that easy to do.

Then do what you want, Teacher Bai. Reduce the scale and change the direction."

With that said, he said to Dugu Jing, who was not far away from him: "Dugu, go back and negotiate with Teacher Bai to come up with a suitable number, and then report it to me."

Dugu Jing was dressed in a suit. She usually didn't have much presence around Jing Gao, but she was indeed there every moment. She responded: "Okay, Mr. Jing."

If the entrepreneurial fund is converted into a fund for holding innovation competitions, then there is no need to spend 100 million every year. Giving 10 million every year is almost the same. Relying on the university resources of Jingxin University, Mr. Jing’s alma mater, it is better to hold competitions

Very convenient. Mainly spent on bonuses.

Jing Gao nodded and asked again: "Teacher Bai, if the entrepreneurial funds are reduced, your work in the school will be affected. Do you have any ideas?"

He still cares about his own people.

Teacher Bai controls a fund with an annual expenditure of 100 million. The scale of the fund transformation has been reduced, and his status is the same.

Kong Zhongyi looked down and stood up to say goodbye: "Mr. Jing, I wasted his time today. I will report to him on the status of the venture capital fund before the transformation last time."

I am now working on a short video platform, and my strategic goal is to withdraw from the overseas market first, and then feed back into the domestic market.

Without Teacher Wu watching over me, even if I was miserable, the news would probably reach Jing Gao’s ears. What am I afraid of?

Li Mengwei said: "Mr. Jing, there is no e-commerce business in the Phoenix Group. You can't invite a young man to come over and promote the Phoenix Group's products."

Then a circle of relationships came up, and Chang's family outsourced some dumplings to deliver to Teacher Wu who worked overtime at school, but this was never agreed to.

I know how to be a good person, so I applied for additional expenses before the industry situation changed dramatically, but I wanted to lose that job!

Nowadays, live broadcast e-commerce is on the rise. Among the live broadcast platforms, Douyin is usually the one with the smallest traffic. It really doesn’t mean that hundreds of companies are flourishing. What platform advantage does Taobao have in this area?

"bad."

I have always been very vague about my positioning. Since I am spending Mr. Jing’s money, it will have to be of no benefit to Mr. Jing’s business in the end, otherwise I will be cut off sooner or later.

Furthermore, is there no line between Teacher Wu (Ng Manqing) outside the school? I avoid Teacher Wu in work and life, but I cannot let my wife David (Wei Caiyan) have a relationship with Teacher Wu

ah!

Jing Gao's wife Bai Xingguo was introduced by David, especially since she has not been in contact yet. Teacher Wu and Kong Zhongyi have a very bad relationship because Bai Xingguo's tutor as a full-time postgraduate student at Yanxiaoli Language School is not a favorite student of Teacher Wu's father.

.

To put it more seriously, I am actually helping Mr. Jing increase his income. From an annual income of 100 million to an annual income of around 10 million, is this a good thing or a success?

While we were chatting, Li Wei, the general manager of the Blue Lake Club, came back with my iconic bald head and reported with a smile: "Mr. Jing, Xie An is here."

Kong Zhongjing stood in front of the Jinggao sofa and replied seriously: "Mr. Jing, the name of Phoenix Cup is bad! It echoes our Phoenix Group, but it is difficult to remember it and say it clearly..."

"Ah..., bad." The two vice-presidents of the Jingxin Elementary School Student Union, who were just starting out in the world, agreed in surprise as if they were newbies being hit by a small gift package.

When asked about the business direction, Kong Zhongyi was confident, sat upright and said: "Afterwards, your Beijing Entrepreneurship Fund will hold an entrepreneurship competition for primary school students, hiring leading figures from all walks of life as mentors, and imitating the practices of some entrepreneurial programs on the market.

Jing smiled low and nodded to Li Mengwei: "He..., okay, he can take care of it himself. I'll call you if he has nothing to do."

Li Mengwei climbed along the pole and said with a smile: "Mr. Jing, you really have nothing to bother him with. Since our primary school student entrepreneurship fund is going to be transformed into an operation direction for holding competitions, what if he wants to give the competition a name?"

At that time, the innovation competitions in the same direction were held in the same series. If there is no name, the name will be loud and it will be bad publicity."

I wanted to lay out e-commerce early in the morning, but I didn't miss the opportunity. I could only buy shares for 5% of the shares based on Duan Yongping's introduction. At that time, live broadcast e-commerce seemed to be flourishing, but the platform was actually not limited.

Such as Douyin, Bilibili, WeChat, Taobao, etc. Is there any room for the Phoenix Group to intervene?

Jing Gao waved his hand directly: "Let's have lunch together. Two juniors and juniors together."

"E-commerce?" Jing Gao searched for some information in his mind. Taichu Think Tank did not give me a similar report on going abroad for my reference.

Jing Gao nodded slightly: "I couldn't choose that topic."

Jing Gao agreed: "No, you are also a novice at naming. He asked you to choose a name, so you want to make it simple, so I guess it will be called Phoenix Cup. Dugu, he is a low-achieving student, he will come up with a name."

"His bastard!" Jing laughed and scolded, interrupting Kong Zhongjing's flattery, and explained: "The secretary team has come up with an idea about that matter. They want to use the name of the Phoenix Cup you mentioned. We are just sponsoring it.

Shang wanted to make it smell like copper, which would be disgusting to professors. He wanted to give it a name that was meaningless and positively motivating.

In fact, I didn't "expect" it, so I brought two vice-presidents of the student union here today! The reason is not to spread the scene of today's meeting back to the school! Those who want to cause trouble for me and put big shoes on my feet must first

Weigh my portion after meeting Mr. Jing.

Hey, Teacher Bai, what are they planning to do in the first competition?"

Jing chuckled and said, "Do you think there is anyone suitable for you at that time? He will discuss it with Dugu to see who is willing to name him, but he can't talk about naming fees."

Li Mengwei understood Jing Gao's meaning, but said with a smile: "You are a teacher at Jingxin Elementary School anyway, so you can just do your job. It's rare for anyone else to call you the God of Wealth."

If you want to make changes now, you only need to make the content more specific, change a small amount of investment into bonuses, and punish the team of primary school students. You can see that in those years of live streaming, e-commerce has become increasingly cold. Are you ready?

Holding an e-commerce competition also requires practical combat. You only need to make PPT, debate your own ideas, and expand your influence outside the lower school."

The amount of venture capital output has increased and it has been re-invested. But it does not mean that I have no weight behind the scenes.

I work in administration outside of Jingxin Elementary School. Although I am a section chief, I have no future. How could it not be as exciting as those two years when I had a small amount of funds in hand?

By the way, e-commerce is also a very boring field. Since before Awai Qijuechen, Riga and Tencent have always tried to do e-commerce, and JD.com’s heavy asset warehousing has always been losing money. Some people may think that e-commerce will appear again.

Internet giant. But it really didn’t just come out of Pinshao Shao Shao.

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