It was already evening after signing the agreement with Wang Wei. Lin Fan said goodbye to the other party and asked Zhang Chenguang to drive to the airport to pick up Andrew and his party.
Andrew, contact person on Facebook in the United States.
As soon as they met, Andrew immediately gave Lin Fan a warm hug and said with an exaggerated expression:
"Lin, you called me when I was having breakfast.
After I learned that the matter was urgent and there was no need to delay, I put down my chopsticks on the spot, took half a fried dough stick and went out.
The people from your company gathered together and got on the plane in a hurry..."
Listening to Andrew's vivid story telling, Lin Fan chuckled.
This damn fat man has this kind of virtue, which is very unruly, but he can always bring some joy to people.
Seeing the curious glances from the passers-by around him, Lin Fan realized that this damn fat man was still hugging him, and the two of them looked full of sexual affection.
So he pushed Andrew away, patted the latter on the shoulder and said, "Thank you for your hard work. Now that we are in Magic City, I will treat you to the most authentic Magic City fried dough sticks tomorrow."
Andrew chuckled, "Of course I have to make up for the dough sticks, but since I work so hard, can you give me a little extra remuneration?"
Lin Fan smiled and said: "As long as you finish the next thing for me quickly and do it beautifully, I will give you a big red envelope."
"Oh, big red envelope, I like it. This is what you said, don't forget it!"
Andrew turned his head, looked at the two young white men in suits behind him, winked and said, "You two, if your boss doesn't keep his promise, you will have to bear witness for me."
The two white men, both in their thirties, smiled and did not answer.
They are all employees of the Autumn Harvest Fund under Lin Capital. They have just joined the company and will have to work for Lin Fan in the future. They don't understand the boss's temperament at the moment, so how can they dare to joke with the boss casually.
Lin Fan shook hands with the two employees one by one and exchanged a few words.
Autumn Harvest Fund had just started, so he asked Liu Hai to help recruit two senior people with post-investment management experience, these were the two in front of him.
I am not a great person in my previous life, I can only say that it is better than nothing, something is better than nothing, and I can help build the framework of the fund.
He is responsible for the pre-investment work, and the post-investment part is temporarily left to these two people.
It doesn't take two people to be very powerful, just master the basic skills.
The most valuable thing is that the two of them can speak Chinese and have worked in China for several years. This is also an important reason why Lin Fan decided to hire them.
Lin Fan asked everyone to get in the car together.
Although the interior space of the Mercedes-Benz S-Class is large, the two employees are all big white men, plus Andrew, who weighs more than 200 pounds, the back seat is full.
Lin Fan did not squeeze into the back row, but sat in the front passenger seat and began to explain the situation of the two invested companies to the three of them.
When he heard that Lin Fan had invested in a video website, something strange flashed in Andrew's eyes.
The light inside the car was dim and it was night, so Lin Fan didn't notice the subtle changes in expression on Andrew's face and continued:
"Frame Media will launch a wave of lightning mergers and acquisitions next, so the investment funds need to be received as soon as possible, focusing on their accounts and cooperation agreements...
Tudou.com is just a start-up company, with a total of five founders and bosses. They focus on whether their company has any legal disputes or whether there are any hidden landmines..."
Both companies have achieved success in previous lives, but that doesn't mean they don't need due diligence.
It is common to fall into traps in the investment community, and many of them are not reported, including some well-known companies.
Therefore, if a company is successful, it does not mean that it will not harm investors. Investment is absolutely safe, and the necessary procedures must be followed.
Zhang Chenguang quietly acted as the driver, while Lin Fan and the three people in the back seat discussed the two target companies.
After arriving at the hotel and settling down the three of them, Lin Fan was about to go back to his room to sleep, but Andrew stopped him.
The two of them came to the hotel's executive lounge and found a deserted place to sit down.
"What's wrong? I'm too energetic and can't sleep. Want to drink some wine?"
Andrew waved his hand, looked at Lin Fan seriously, and said slowly: "You violated the non-compete agreement by investing in Tudou.com.
Tudou, as a Chinese video website, is also a potential competitor of YouTube.
If you want to use your affiliated company, Lam Capital, to invest in them, you must obtain the written consent of Facebook shareholders."
Lin Fan nodded. He thought Andrew was looking for something from him, but it turned out to be this.
He smiled and said, "I know that. We have just signed an agreement of intent and have not yet made a formal investment. Let's lock the project in first to avoid any complications.
I am planning to discuss this with you and other shareholders tonight, when it is daytime in the United States.
It’s just a very small company, let’s start with the layout.
If you don’t allow it, I will just withdraw the investment intention agreement.”
Andrew nodded, "As long as you understand, I thought you ignored it. Don't leave any excuses.
I personally have no objection, but you have to convince several other shareholders. At that time, Facebook and Axel invested in Youyoumi, so you’d better bring him with you this time.”
Lin Fan frowned because he didn't want to take anyone with him.
But thinking about it carefully, it was indeed unrealistic, so I took out my mobile phone and called the shareholders one by one.
The next day.
After Lin Fan took Andrew and two employees to have a fried dough sticks breakfast, he went to Frame Media and Tudou.com and introduced Andrew and his team to the two companies.
He had a few chats with Tan Zhi, Wang Wei and others, and entrusted all subsequent docking work to Andrew.
Then, that afternoon, he, Liu Hai, and Zhang Chenguang took a plane back to San Francisco.
The first stop was not Facebook, but Lam Capital.
"All the 10,000 Sina shares I held have been sold. The average buying price was USD/share and the average selling price was 31.3 USD/share, making a profit of 10,000 USD.
After deducting transaction fees, interest, etc., the final profit is approximately US$16 million, and the specific figures are still being calculated.”
In the conference room of Lin Capital, an employee stood and reported the results to Lin Fan and Liu Hai.
Liu Hai's eyes widened with a smile, "Mr. Lin, this is four million US dollars more than our estimated profit."
Lin Fan nodded, quite satisfied with this profit result.
"Actually, Sina stocks have been very active recently, with a very high turnover rate and an alarming number of buy orders on the market. I guess there are large institutions entering the market or planning something big.
If we had held on for a while longer, the stock price might have been even higher."
Employees may speak out their thoughts boldly to gain performance.
Liu Hai was a little unhappy and was about to scold him when he was stopped by Lin Fan.
Lin Fan looked at this young white employee in his twenties with a few freckles on his nose, and said with a smile: "Don't say "if", if you have any ideas, you can write an analysis and give it to Liu."
The freckled boy nodded and left the office.
"Mr. Lin, I made you laugh."
Lin Fan waved his hand, "Don't restrict their ideas. We are a young hedge fund and our ideas should be more dynamic.
This time I happened to discover a little secret between Shanda and Sina. I can't expect such good luck every time.
In the final analysis, if you want to make money in the long term, you must improve the level of fund employees.
How to improve? You have to think of more ways."
Liu Hai nodded. It was also the first time for an older girl to get on the sedan chair, and he was still exploring many things.
After Lin Fan and Liu Hai discussed the company's future development plan for a while, he asked Liu Hai to find a computer and check Amico's stock price.
It has been a long time since Aimico has experienced a big rise. The stock price has been around the price of more than 40 US dollars, fluctuating slightly up and down.
He still has the last 240,000 shares in his account. Based on the current stock price, the market value of the position is more than $11 million.
Ganji.com has been dragging its feet and has not called Yang Haoyong for the investment of 400,000 US dollars. The other party has called Yang Haoyong many times, from last year to this year.
It's not that he doesn't want to give it, but that he wants to wait for the stock price to rise.
In addition, during my trip back to China, I also signed two investment agreements of 1 million US dollars for Tudou.com and 50 million yuan for Frame Media.
He looked at the exchange rate and calculated it carefully. 50 million yuan was equivalent to 6.04 million U.S. dollars today.
Adding up the three orders, a total of US$7.44 million in equity investment needs to be paid.
In the next few days, Lin Fan sold 160,000 shares at the average price of US dollars per share, withdrawing more than US$7.5 million in funds.
He injected another $7.5 million into the Autumn Harvest Fund, increasing the fund's management scale to $27.5 million.
…………
Beijing.
Tsinghua Science and Technology Park Academy Building.
In a small office of less than 100 square meters, Yang Haoyong, with messy hair and stubble on his face, was eating instant noodles while chatting with several young employees who had messy hair and were as slovenly as him.
"...Classified information advertising website, Ganji.com is the first to propose this concept in China."
Seeing the exhaustion on the faces of several employees, Yang Haoyong encouraged, "Everyone, please hold on a little longer. When the website is officially launched, we will not eat instant noodles. I will invite everyone to eat Dong Laishun."
Several employees with green faces, who must have just stepped out of campus, smiled shyly.
One of them asked, "By the way, boss, you said that Mr. Lin Fan of Lin Capital invested us US$400,000. Is this financing in place?"
When other people heard this, they all turned their attention to Yang Haoyong.
When they were interviewed, they heard Yang Haoyong introduce: He had served as the director of Facebook's network security department, and Ganji.com also received an angel investment of 3.3 million yuan from Facebook CEO Lin Fan, with a valuation of more than 13 million yuan...
Anyway, it sounds very high-end. Silicon Valley business elites returned to China to start their own businesses and received huge angel investments from business tycoons.
In this way, they were attracted by the beautiful blueprint drawn by Yang Haoyong and joined Ganji.com.
With the dream of being listed on the market, they and Yang Haoyong worked overtime day and night, looking forward to completing the website as soon as possible.
Slowly, some people came back to their senses. Suppose the company really received millions of investments, and would it still work in this 70-square-meter office?
The only benefit of working overtime is instant noodles? Not even a ham sausage?
Other employees also wanted to ask the boss about financing, so they started to make noises.
"Yes, I read online that Facebook is valued at US$2 billion or US$3 billion, which is higher than the value of many Chinese concept stocks."
"That's really rich. Investing several million in us is not just a drop of money?"
…
Yang Haoyong was a little overwhelmed by the employee's questions, and his face suddenly sank.
He returned to Beijing at the end of December, and it only took him a week to complete the company registration, rent an office, recruit employees and other matters.
Then he put all his energy into the development of the website.
Two months passed in a flash, and Lin Fan's investment had not yet been received.
He called Lin Fan several times, but the other party always said "wait a little longer".
After waiting for so long, he almost lost his patience.
He suspected that his ticket was bounced, because this is also a very common thing in the investment circle.
After signing the termsheet (investment letter of intent), it does not mean that you can sit back and relax.
Whether to make money or not to make money depends entirely on the investor's heart.
ts is legally characterized as an appointment contract and falls within the scope of a contract. However, except for mandatory binding contents such as exclusivity and confidentiality obligations, other agreements in ts are not legally binding on investors.
In other words, even if the TS is signed, the investor has no legal obligation to invest in the startup company.
If Lam Capital doesn't invest money, Yang Haoyong will have nothing to do with them.
However, there is a time limit in ts. After signing the contract for more than three months, if Lin Capital has not invested any money, Ganji.com can look for new investors.
But within three months, it must be exclusive and cannot have contact with other investment institutions.
Yang Haoyong thought for a while, but now that the financing has not been in place, the military morale of the employees has been somewhat shaken, and they must be calmed down.
So he squeezed out a smile and said with a smile: "The financing will be officially in place next month. Due to foreign exchange controls, U.S. dollar investment cannot directly enter the mainland, and some tedious operations are required..."
The employees were stunned when they heard a long list of obscure professional terms such as "offshore funds", "Irish sandwich", "Virgin Islands", "vie structure", "Hong Kong shell company" and so on.
Although I didn’t understand it, I thought it was awesome.
Seeing Yang Haoyong's smooth introduction, they had no doubt that he was there, and they all chose to believe him.
If you wait another month, the hard days will be over.
Thinking of this, the instant noodles in my hand taste even more delicious.
Yang Haoyong forced a smile on his face, but he was actually bitter inside.
He had already prepared for the worst. If Lin Capital gave up the investment, he would use his own 100,000 US dollars to support it.
He made a budget: 100,000 U.S. dollars is converted into about 800,000 yuan, the monthly rent and market costs are 30,000 yuan, 10 employees, and the average monthly salary per person is 2,000 yuan.
You have to spend 50,000 yuan every month. This can last for 16 months. By then, if you can no longer attract investment, the game will be over.
Sixteen months, nearly a year and a half, is not a short time. He believes that things will soon turn around.
Not only did he encourage his employees, Yang Haoyong also cheered for himself in his heart.
After eating instant noodles, Yang Haoyong and his employees continued to work overtime.
At midnight, everyone was already sleepy, and a few employees were already yawning.
A sudden phone ringing broke the silence of the office.
Yang Haoyong was concentrating on programming and picked up the phone on the table.
"Haoyong, haven't you rested yet?"
Listening to the familiar voice on the other end of the phone, Yang Haoyong quickly took the phone to his eyes and confirmed his name.
Calling myself so late, could it be...
Suppressing the ecstasy in his heart, Yang Haoyong pretended to be calm and said: "Not yet, I just finished eating instant noodles and am working overtime with the staff. The website will be online next month."
Lin Fan smiled, was he crying for poverty? He also specifically pointed out that the website would be launched soon.
"Arrange the financial arrangements and I will transfer the money to you tomorrow."
This sentence sounded like the sound of nature to Yang Haoyong.
He finally understood why it was called "angel investment", because when it appeared at this time, it was really like an angel, bringing hope and light to the startup company.
"Okay, okay, I'll make arrangements right away."
After hanging up the phone, Yang Haoyong jumped up from his seat, waved his fist, and shouted: "Brothers, financing is here!"
This was so extraordinary that the employees followed him, crying and howling, not only to express their happiness, but also to vent the huge pressure caused by working overtime these days.
"Bang bang bang~"
A middle-aged man wearing a security uniform knocked on the door several times, attracting all the eyes in the room.
"Who among you is the boss of the company? What time is it, and you still don't let the employees get off work?
Hey, I'm thinking, capitalists don't exploit labor in this way, right? A few people have to die suddenly to know how powerful labor laws are?
Don't hang around here, get off work quickly, the building will be locked!"
The security uncle spoke with a Beijing accent and had a loud voice.
Several young employees of Ganji.com felt very uncomfortable and scolded: "We work overtime, we are happy, who are we in the way?"
"Hey, young man, you don't know a good heart."
Seeing that a conflict was about to break out, Yang Haoyong quickly stopped him and said, "Let's all get off work. We will take a collective day off tomorrow and celebrate Dong Laishun!"
The security uncle shook his head and left, only to hear bursts of joy coming from behind.
