Lin Fan calculated with his fingers, this well-known investment institution was established this year in its previous life!
Why did this old man Mo come after me?
What do you see in yourself?
But after hearing what the old man said before, he almost guessed a few things.
The media and some foolish investors felt that the Lichun Fund had just been established and its investment performance was mediocre. It also invested in an electric car that no one was optimistic about.
But this old man has a lot of information. He should have conducted a comprehensive investigation on himself, and he also knows about his investment in Skip.
Skip now has 20 million users. Although it is not profitable, eaby's acquisition offer has reached 2 billion US dollars!
Lin Fan invested US$400,000 and US$1.44 million, followed two rounds of investment, and holds eight points of equity in this Internet phone company.
With this investment alone, it is absolutely no problem to gain titles such as "excellent vision" and "extraordinary talent", not to mention stepping into the VC altar.
In addition, he has also invested in several Chinese Internet and technology companies such as Ganji.com and Tudou. In the eyes of Sequoia Capital or Moritz, he should be someone who understands VC and the Chinese market.
After thinking about it, Lin Fan did not express his position rashly, but asked: "How does Sequoia want to cooperate?"
"As the world's top investment institution, Sequoia not only has a brand name, but we have also built a complete set of post-investment services over the past few decades."
Old man Moritz smiled and said: "It is undeniable, Lin, you are a discerning person.
But investing is not about doing it alone, nor is it about just investing and forgetting about it.
Perfect post-investment services can help entrepreneurs go further and help investment institutions gain greater benefits.
At the same time, this is also the core competitiveness of a VC organization.
Investing is not just about having money.
In the angel investment stage, entrepreneurs have nothing and may only care about money.
But when it comes to round A, round B, round C..., stupid money is no longer enough to impress entrepreneurs."
Lin Fan raised his hand and motioned for the old man to continue. He was recently worried about how to build a post-investment service team. If the old man wanted to be a "live thunderstorm", he could do it.
Moritz continued with a smile on his face: "You have a good investment talent, and Sequoia has decades of investment experience.
Our cooperation will definitely produce the effect of one plus one greater than two.
What I mean is that we will set up a "Sequoia China" fund and you will be the managing partner.
In addition to helping you train a strong post-investment management team, Sequoia Capital can also help you raise funds.
I know that Xiaoman Fund has recently been raising a hedge fund starting from US$500 million. That is because you have done well in securities investment.
The exit cycle of VC funds is relatively long. By the time Lichun Fund delivers a good answer, it may already be three or five years later.
Since this year, a large number of venture capital institutions have entered China on Sand Hill Road and begun to establish local Chinese funds.
If you want to defeat these powerful opponents in the Chinese market, I believe there is no partner more suitable for you than Sequoia."
Lin Fan was not sure how much profit Shen Beipeng had sacrificed in his previous life to obtain the brand authorization from Sequoia Capital, so he expected that the benefits from the transfer would not be much less.
But he felt that he had no use for Sequoia Capital’s brand, because he himself was the best brand.
Post-investment services have indeed improved a bit, but this cannot be achieved overnight and is built up slowly.
After figuring out the old man's intention, Lin Fan shook his head, "Sorry, I can only say 'no' to this kind of cooperation."
"Lin, don't make a decision in a hurry. Listen to me first."
Moritz waved his hand and said calmly: "No matter which country you move to, Sequoia Capital is a brand that will be embraced by entrepreneurs.
I know that you are quite famous in China, and it is not an exaggeration to say that you are the idol of young entrepreneurs.
But if you want to do this business well and invest in companies with potential and huge returns on a large scale, you must have a complete set of strategies.
For example, Sequoia’s consistent “track theory.”
Lin Fan felt that the old man was starting to pour ecstasy on him. According to the hammer circuit theory, it was because he had money to do whatever he wanted.
Of course, it’s not just about having money, but also a gold-lettered brand.
Sequoia China has invested in a large number of new energy vehicle manufacturing companies such as NIO, Xpeng, Byton, Leapmotor, and Hengtai, all of which are competitors.
There are many things that need to be coordinated. The most important thing is that entrepreneurs all buy this sign.
"I don't like to borrow other people's brands, and I want to build my own fund brand."
After saying that, Lin Fan felt that he did not need this brand name at all and was confident that he could build the brand name of Lin Capital.
By borrowing the name of Sequoia Capital, the early stage of the investment career will definitely be much smoother, but it also means giving away most of the benefits.
To sum it up in one sentence: Most of China’s Internet development dividends have been eaten up by foreign capital.
Old man Moritz was a little unhappy when he heard this, and his face quickly darkened.
He felt that it was a great honor for him to let you, a young boy, take charge of Sequoia China, and he even rejected me.
He endured the anger in his heart and asked: "Then what do you want? Sequoia to set up a fund of funds and act as an LP for Lin Capital?"
Lin Fan would not ask Sequoia to be his investor, he would just be working for a capitalist.
The VC fund does not require much capital. He can handle it by himself. There is no reason to give away the money in his pocket to others.
However, he still saved some face for Moritz and said with a smile: "If Sequoia wants to invest part of our capital, we can accept it, but the initial capital investment should not be too much."
Moritz just asked how he could invest money in Lin Capital, because it showed in disguise that his investment ability was not good.
However, Lin Fan's understatement and his words "don't invest too much" still made him feel angry.
"Okay, so be it!"
Moritz knew that there was no possibility of cooperation with Lin Fan, but he still maintained his superficial demeanor.
Lin Fan didn't think it was a pity.
According to his understanding, in a previous life, when Sequoia was looking for a candidate to head the China Fund, it approached Deng Feng, but he was rejected.
Deng Feng insisted on using the "Northern Lights Investment" brand, but old man Moritz sent the former to the gate and said: "Deng Feng, look, this is a red carpet."
Deng Feng said: "Where can I find it?"
Moritz said: "Remember, this is a red carpet. Whenever you want to come to Sequoia, you can come back."
Old man Moritz was very pretentious, and what he wanted to express was that by choosing Sequoia, he was choosing a golden avenue.
Many years later, Shen Beipeng was indeed more famous and more successful in investing than Deng Feng.
But Lin Fan feels that it is not all due to the brand. Ctrip and Home Inn founded by Shen Beipeng are both listed companies in China, while Deng Feng's company is in the United States.
In terms of familiarity with China's local market, Shen Beipeng is better than Deng Feng.
Deng Feng is a technical master and an investor who can compete with industry experts on forums.
Shen Beipeng is an investment banker and is proficient in capital market gameplay.
Since he rejected Moritz, Lin Fan didn't want to stay too long. After saying a few words, he was ready to say goodbye and leave.
Moritz still walked Lin Fan to the door in a graceful manner, and added: "If you change your mind, you can contact me at any time."
Lin Fan smiled and strode out without saying anything else.
As soon as I got in the car, I received a call from Deng Feng.
"Mr. Lin, are you free? If you are free, come to Pebble Beach to play golf and introduce you to some new friends."
Lin Fan asked Zhang Chenguang to turn the car around and drive toward the Pebble Beach Golf Course.
On the phone, he asked Deng Feng which kind of immortal he was, but the other party didn't tell him. He said he would find out when he got here and he would definitely not regret it.
This made Lin Fan feel itchy in his heart, and he kept making guesses on the way.
Silicon Valley is an hour and a half drive from Pebble Beach Golf Course. I hurriedly drove slowly and finally arrived.
After arriving at the place, Lin Fan first took out the stored golf equipment, changed into white clothes and white pants, and then dialed Deng Feng's number.
After confirming the address of the golf course, Lin Fan and a blond foreign girl caddy got into a small electric car provided by the golf course. The driver took him there and slowly went to find someone.
The Pebble Beach golf course is close to the coastline, with crashing waves and sea breeze blowing, and the scenery is very beautiful.
As soon as he arrived at the stadium, Lin Fan saw a group of white figures.
Although Deng Feng is a technical master, he is not short-sighted and has very good eyesight.
He saw Lin Fan and a caddy walking over, waved to Lin Fan, and walked quickly over to greet him.
"Who is this? It's such a big deal that Deng Feng is asked to greet him personally."
…
A group of people playing golf stopped what they were doing when they saw Deng Feng going to pick someone up, and they looked at him and discussed.
"Old Deng, you are too polite. I am not a guest, so why should I bother you to come and greet me in person?"
Deng Feng smiled and hugged Lin Fan's shoulders, "Let's not talk about these false courtesy. Let's go, we are still waiting over there."
Lin Fan took a look from a distance. At this time, they were getting closer to the crowd. In addition, the crowd turned their heads, so he really saw a few familiar faces.
When he was still a few steps away from the crowd, Deng Feng began to introduce, "This is Lin Fan, the chairman of Lin Capital. Everyone should have heard of it."
After Lin Fan got closer, he could see the crowd clearly.
Lenovo Group President Yang Yuanqing, Digital China Guo Wei, AsiaInfo Technology Ding Jian, NetEase Ding Sanshi, Sohu Charles Zhang, Baidu Robin Li, Ctrip Shen Beipeng...
They are all leaders among domestic technology entrepreneurs, and none of them are unknowns.
This group of people are all wearing white polo shirts, white hats, holding clubs, and are dressed in the same style.
After listening to Deng Feng's introduction, everyone smiled and nodded at Lin Fan, even as they had said hello.
With their influence in their respective industries, they will naturally not rush to cater to the young man in front of them.
According to online news, Zhu Min, Feita Xie Qing, Hanergy Chen Hong, Shao Yibo and others met Lin Fan not for the first time, they were all acquaintances, and they didn’t have many thoughts at this time, so they all walked up to say hello.
"Mr. Lin, I heard that you have completely transformed into investing?"
Chen Hong had a much deeper friendship with Lin Fan because of their cooperation in Frame Media, so he stepped forward and patted the latter's shoulder very familiarly.
"Yes, I'll have to trouble Mr. Chen to take care of me more from now on."
Chen Hong laughed "haha", "That's what you said. Don't bother me when I recommend projects to you in the future."
Looking at Lin Fan, who was surrounded by several Chinese entrepreneurs in Silicon Valley, the group of people from China still did not get close to him. They just watched silently, smiling, and were very reserved.
As the host, Deng Feng was a smart man. He quickly put his arms around Lin Fan and started to walk towards the domestic entrepreneurs, introducing them one by one and shaking hands with them one by one.
Deng Feng felt relieved when he saw Lin Fan, who was so cute and always told lies when he met people.
He was afraid that Lin Fan would not look down on these people and would look down upon these people who "keep their own identity".
They are all guests invited to the annual meeting of their Huayuan Science and Technology Association, and they are also members. It is really a conflict and not good-looking.
In fact, Lin Fan was so good at talking that several seniors from China immediately put down their airs and started exchanging business compliments with Lin Fan.
A short man who looked like an alien squeezed into the crowd, walked quickly towards Lin Fan, and held out his hands.
"Hello Mr. Lin, I am Jack Ma, you can also call me Jack!"
Lin Fan didn't expect to see this guy. Before he could react, his hand was grabbed by the opponent and he was thrown hard.
Jack Ma had many problems and kept pestering Lin Fan.
"Jack Ma, are you still betting?"
Wu Ying, who was holding a club in the distance, shouted, and Yang Zhiyuan was standing next to him.
The two saw Lin Fan, Yang Zhiyuan smiled and waved, and Wu Ying also nodded to Lin Fan.
Lin Fan asked Ma Yun: "What are you betting on?"
"You haven't finished competing yet?"
Before Ma Yun could speak, Deng Feng asked first.
"Just as we were about to compete, didn't we see that a new friend was coming? Then we stopped."
Ma Yun smiled at Lin Fan, "Wu Ying and I don't know how to play golf, so they were just booing next to us, asking us to set a certain point in the competition to see who could hit the farthest, and the winner would be determined by one stroke!"
Ma Yun pointed to Wu Ying in the distance and said: "Look at him, he is 1.80 meters tall and has a strong build. I am less than 1.7 meters tall, and I am still so thin.
Anyway, they didn’t believe that I could win, and they all bet on Wu Ying’s victory.
Only Jerry looked at me differently and bet on me to win."
Lin Fan smiled and said, "Then I'll bet on you to win."
Jack Ma was a little surprised and asked with a smile: "Why?"
"Because I feel you are very confident and may be able to create miracles!"
Jack Ma was very good at communication. He deliberately made a sad face, spread his hands and said: "Is this word "miracle" a compliment to me?"
Lin Fan laughed loudly, and a group of entrepreneurs behind him also laughed.
Jack Ma continued to perform, shook his head and said: "Okay! That's just a compliment to me, wish me good luck!"
After saying that, Jack walked towards Wu Ying and Yang Zhiyuan.
"its not right!"
Ding Jian, CEO of AsiaInfo Technology, said, "Mr. Lin, we have all placed our bets. If you want to bet on Jack Ma to win, you must be mentally prepared."
Only then did everyone remember that there was a bet, and almost forgot about it, so they started making noises.
Deng Feng came out to rescue, "Mr. Lin's bet on Jack Ma is just like us, a five-star red horse will be fine."
Everyone didn't chase him, they all nodded in agreement.
Lin Fan didn't understand and glanced at Yang Zhiyuan, "What's Jerry's bet?"
Charles has a flamboyant character and said with a smile: "Do you want to be like him?"
Lin Fan smiled, "You tell me first."
"Okay, this is what you asked for."
Charles' face was almost broken with laughter, and other entrepreneurs' faces were also full of smiles.
Lin Fan looked at Deng Feng, who gently shook his head at him.
Here Charles has already started to say, "If Jack Ma beats Wu Ying, then Jack Ma will win and Jerry will invest one billion US dollars in Ali Baba!"
Charles also pointed to his index finger, "One shot can determine a billion-dollar investment!"
