"Abel, Li Ying, your work content is different from that of your VC and hedge fund colleagues."
As soon as Lin Fan finished speaking, Yabo and Li Ying nodded.
They were basically aware of Lin Fan's thoughts.
"VC funds and hedge funds all have the pursuit of high returns and profits as their first goal, and you two have the most funds in your hands, one parent fund and two PE funds.
With so much money, I want to use it to invest in industries and make long-term plans for five, ten years or even longer."
Yabo nodded and smiled, "I know, boss. When I went back to the United States for vacation some time ago, I even sacrificed a precious day of vacation to visit the Android company and chat with Andy Rubin.
Although the founders are financially free, they are working in full swing because you, the boss, promised to give their team 10% stock options.
According to my observation, a few people do have a bit of a geek spirit and will not give up until a new generation of mobile phone operating system is developed.
In addition, boss, after you acquired Android, you injected another 50 million US dollars in research and development funds into them, and there were no longer any constraints on funds. Their research and development progress was very fast...
In short, everything is developing in a good direction.”
Lin Fan nodded, "The Android mobile operating system is only one part of my industry layout.
The Chushu Fund of Funds invested nearly half of its funds in the mobile phone industry.
I’ll make a huge bet on the next one!”
Hearing this, Fu Jixun, Ruiqi, Liu Hai, and Jiang Ping, who were in charge of VC and hedge funds, all showed serious expressions.
Although the Chushu Fund of Funds has little to do with them, it is still a company, and it can be said that everyone will prosper and lose.
None of them understood the mobile phone industry. Only Ricky came from the Android founding team. He admired Lin Fan’s geek spirit and said with a smile: "Mr. Lin, although I am no longer responsible for Android and I do not manage the summer fund, but
I would like to express my 10,000 support for your idea of developing a new generation of mobile phones.
This is different from ordinary VC and PE playing methods. You are investing in the next era.
Once it succeeds, it will eat up the dividends of the times, and funds like us, which were originally unrelated, may all benefit from this."
"Exaggerated, exaggerated."
Lin Fan smiled and waved his hand, "We are still just getting started, and we have gone too far."
Having said that, Lin Fan was already feeling happy.
Moreover, Ricky is very discerning and is absolutely right. If the mobile phone industry is hit, other funds will also benefit.
In previous lives, several funds cooperated with Apple to form the "Apple Developer Fund", which specialized in investing in small companies that develop games and various applications for Apple's operating system.
There is no such fund on Android because Google has Google Ventures, and the person in charge is none other than Ricky.
"Where's Ahri?"
Yabo asked, and then wiped Lin Fan's neck.
Lin Fan laughed and said, "Okay, don't make random gestures. Jack Ma values corporate control more than anything else. We are just a standard financial investment. Don't think too much about anything else."
Having said that, Lin Fan looked at Deng Yuanyun from the Mobile Phone Industry M&A Fund and Zhang Zhao from the Film and Television Copyright Fund, each with their own instructions.
The work content of the two people is not only about making money, but also related to industrial layout.
Both of them are also aware of their responsibilities. One is to serve mobile phones and invest in the upstream and downstream industries of the mobile phone industry; the other is to serve Tudou and invest in the film and television industry.
After explaining to the two of them, Lin Fan looked at Li Ying.
Li Ying was wearing a white women's professional suit, with her long black hair draped over her shoulders as usual. She looked very capable.
At the same time, she was also the only woman present.
Seeing Lin Fan glance over, she and Lin Fan looked at each other.
"I think you should now understand what I told you before about choosing a certain industry, right?"
When interviewing Li Ying, Lin Fan didn't reveal much. He just said that he would choose one or two industries to make the main layout. Bailu PE Fund also serves this.
Li Ying nodded and smiled, "Mr. Lin, I understand, it's the mobile phone industry."
"wrong!"
Lin Fan shook his head and laughed. He looked at Deng Yuanjun and raised his chin. "In the mobile phone industry, Lao Deng is all that is needed. The US$250 million mobile phone industry fund he manages serves exactly this purpose."
"That is……"
Li Ying now made a mistake.
Lin Fan smiled and said: "Let me tell you a personal experience first!
At the beginning of this year, I was invited by Bill Gates to visit his mansion "Xanadu 2.0"..."
Lin Fan's words immediately attracted everyone.
After Lin Fan finished speaking, everyone was still immersed in the sense of technology in the magical mansion.
"Is this true? Is Bill Gates' home really as high-tech as the media says?"
Yabo was very interested in the Gates' mansion and asked in disbelief after hearing this.
Lin Fan smiled slightly, "Of course. After all, the world's richest man must have spent a lot of money on his own family."
"Automatic lighting, security, monitoring, background music, home theater..."
Li Ying muttered and began to summarize the key words that Lin Fan had just described.
"Yes, these things build a very interesting concept, which I call "smart home."
After hearing the boss say such interesting words, everyone muttered silently and began to think.
Li Ying asked: "Mr. Lin, you mean that Bailu Fund invests around the concept of smart home?"
Lin Fan shook his head again, "Smart home is just the basic application of this technology in the home. Oh, by the way, this technology is called the Internet of Things, Ihings, or IoT for short.
It integrates various information sensors, radio frequency identification technology, global positioning system, infrared sensors, laser scanners and other devices and technologies.
Collect various required information such as sound, light, heat, electricity, mechanics, chemistry, biology, location, etc., and realize the connection between things and things, things and people through various possible network access, and realize the intelligence of objects and processes.
chemical perception, identification and management.”
"Why does it sound like a hodgepodge? And it seems to be a technology-intensive industry."
Lin Fan looked at Li Ying and replied: "You are right, with the current technology, it is not easy, otherwise only Bill Gates' home would not be able to install it.
The related concepts of the Internet of Things first appeared in Bill Gates' 1995 book "The Road to the Future".
However, limited by the development of wireless networks, hardware and sensing equipment at that time, this technology could only remain on paper, or like Bill Gates, laying 80 kilometers of cables under the mansion."
"The technology was not good at that time. Now ten years have passed, has the technology reached the level?" Li Ying asked.
"It still doesn't work, but there is hope!"
Lin Fan took out his mobile phone and threw it on the table, "Bill Gates also has a remote control at home. If a new generation of smartphones is developed, this will be the remote control for smart homes."
Everyone was confused, so Lin Fan had to explain patiently.
Li Ying is a computer major, with a background in electronic engineering. She has also worked in the communications equipment industry for many years, and she quickly understood the principles.
She asked: "So, Internet of Things technology is a key development direction in the future?"
"The Chinese Academy of Sciences started research on sensor networks as early as 1999, and has achieved some scientific research results and established some applicable sensor networks.
In the same year, the International Conference on Mobile Computing and Networks held in the United States proposed that sensor networks are another development opportunity facing mankind in the next century.
In 2003, the American "Technology Review" proposed that sensor network technology will be the first of the top ten technologies that will change people's lives in the future."
Lin Fan has been studying the Internet of Things for a long time, and various reports are readily available at his fingertips.
After saying that, he added: "Oh, by the way, it is generally called sensor network now, not the Internet of Things."
"What do you need Bailu Fund to do?"
Li Ying felt that this burden was not easy, and the direction was still very confusing. She smiled bitterly: "A lot of technologies are still in the laboratory at the moment? We can't let Bailu Fund invest in the laboratory, right?"
Yabo glanced at Li Ying, and they had something in common. The same was true for the two funds he managed. The boss liked to invest in some future technologies, but the risks were very high!
But if it succeeds, the benefits will also be huge!
"The laboratory definitely needs investment."
Lin Fan said with a smile: "Because domestic Internet of Things technology is still in its infancy, it is almost the same internationally, and there are no relevant supporting technical talents at all.
Since there is no one, we are the only ones to accumulate from scratch.
Although it will cost a lot more money, it also means that you enter this industry earlier than others and have a first-mover advantage."
Li Ying and the others all nodded. This is true. In the barbaric period, although farming was difficult, it also meant that there was a lot of land.
"Internet of Things technology, I want to apply it to cars first, because Lam Capital is Tesla's major shareholder."
Lin Fan was thinking as he talked. In the future, cars will become more and more intelligent, and sensors all over the car body will be indispensable.
"There is also Android. After the mobile operating system is successfully developed, I think we can start developing the Internet of Things operating system and build the lowest-level technology.
The car represented by Tesla is only one of the application layers."
Taking this step, Android, Internet of Things, and Tesla industries can just be integrated together, Lin Fan thought to himself.
"Just for the sake of Tesla, which is valued at US$200 million, the Bailu Fund of US$500 million is all invested in the Internet of Things?"
From Li Ying's perspective, I don't quite understand Lin Fan's thoughts, so I ask this question.
"Of course not, didn't I just say it? Cars are just one of the applications of the Internet of Things, and there is also a smart home."
Lin Fan smiled and continued: "Just like mobile operating systems need ecosystems and alliances, the Internet of Things also needs them.
Android's IoT operating system builds the underlying technology, and at the application layer, many developers are required to join.
And who are these developers? Refrigerators, washing machines, air conditioners, televisions, security equipment, etc.”
Lin Fan recalled that in the previous life, various IoT manufacturers worked independently, erecting information walls against each other, and were incompatible with each other.
Haier, Midea, and Gree all have their own mobile apps.
If the brands of home appliances are not consistent at home, it will be really troublesome. You will have to download a bunch of apps and the experience will be extremely poor.
Xiaomi's ecological chain is doing well, but it is basically small appliances, and large appliances have not yet been able to get involved.
His ambitions are not big, he just wants everyone to form a harmonious big family. This will be good for users and will also be conducive to the development of the domestic Internet of Things industry.
Li Ying completely understood, "Do you want Bailu Fund to invest in several home appliance brands so that they can join our IoT operating system camp?"
"Why not? It is beneficial to the industrial layout and can also obtain good financial returns."
Lin Fan checked Gree's information a few days ago and found that the leaders of Zhu City almost sold Gree for 900 million yuan in order to introduce a Fortune 500 company. It was Ms. Dong's firm opposition that prevented the sale in the end.
Compared with the market value of hundreds of billions more than ten years later, Gree's price at this time is purely cabbage.
If you can invest in Gree, it will be a pretty good investment from the perspective of financial return, not to mention the industrial layout.
In addition, Lin Fan still has some ideas about television. After all, he is still a little short of Boss Jia's seven major ecology.
Li Ying nodded, "Okay, I will focus on studying home appliances and the electrical appliance industry next."
Lin Fan smiled, "Don't be so tacky, please give them a nice name - smart hardware."
Although they are still "dead objects" at the moment, once IoT technology is applied to them, the word "smart" can be added in front of the hardware."
Li Ying pursed her lips and smiled, "Okay, then Mr. Yilin will call you Intelligent Hardware."
Lin Fan looked at Andrew, who was sitting opposite him.
"It's time to talk about you. Next, you, the godfather of entrepreneurship and the king of incubators, will make your debut."
Andrew twisted his fat butt and spread his hands, "You've made the arrangements!"
Seeing Andrew's funny look of "leaving over two hundred pounds of meat here for you to do with as you please", Lin Fan wanted to give this bitch a kick.
"It has been arranged for you. When you return to the mainland from Xiangjiang, you will start a lecture tour of Chinese universities, first Peking University, Tsinghua University, then Fudan, Shanghai Finance, Sichuan University, University of Electronic Science and Technology of China..."
Lin Fan had a smile on his face, "Countless Chinese students are eagerly waiting for you, Andrew... Oh, no, it was Mr. Ma Chenggong who shared the "way to success" with them.
Once your reputation is established, you can hang out the sign of the Vision Entrepreneurship Incubator and officially open the business.”
Andrew shrugged, "Since you've made all the arrangements, go ahead and remember to pay the appearance fee."
When everyone saw Andrew's "careless" look, no one said anything.
Because everyone knows that Andrew is an investor in Facebook and a "client" of Lam Capital, which is different from wage earners like them.
The meeting lasted for a whole day, and the operational direction and subsequent development goals of each fund of Lin Capital were set.
The only exception is Tong Shijie, a partner of Axel China.
This person just kept listening and didn't interrupt at will.
He originally thought that Lin Fan would chat with him for a few words, but in the end, he ignored him until the end of the meeting.
This made Tong Shijie suspicious. Why did he ask himself to come to the meeting?
Just watch Lam Capital flex its muscles and see the various careful layouts of Lam Capital?
After the meeting, Tong Shijie was about to leave, but was stopped by Lin Fan.
…………
…………
In a private room of a high-end restaurant in Central.
There were only two people at the huge round table, Lin Fan and Tong Shijie.
"Shijie, I want to apologize to you first. It's hard for you to come all the way here for a meeting, but you were not allowed to speak at the meeting."
Lin Fan was worried that Tong Shijie had bad thoughts in his mind, so he invited him to have dinner together.
At this time, Lin Fan was holding a wine glass filled with white wine, and clinked the glasses with Tong Shijie with a smile.
Although Tong Shijie had complaints in his heart, seeing his boss being so polite, he immediately lost a lot of his resentment.
"Mr. Lin, you are too polite!"
Tong Shijie said with a smile: "You don't treat me as an outsider, how could I be surprised? Lin Capital has invited me to attend such a private meeting. This kind of good opportunity is something that many people can't ask for."
Today was indeed an eye-opener!
Mr. Lin, you have invested US$750 million in the mobile phone industry and US$500 million in the Internet of Things industry. Your boldness in investing more than 10 billion yuan in two investments is indeed admirable."
Lin Fan smiled, this man was also a flatterer and very wise.
After talking politely for a while, and after drinking for three rounds, Lin Fan started to get down to business.
"Shijie, you also participated in today's meeting, and you also saw the strength and future prospects of Lin Capital.
As the first VC fund launched by Lin Capital in China, Jingzhe Fund has already acquired three projects including Tudou.com, Ganji.com, and Dianping.com.
Of course, I negotiated these three projects, and Fu Jixun had just taken over the Jingzhe Fund.
Axel China AMC Phase I Fund, like Jingzhe Fund, is both positive and strange, which is good for our investment, as it can avoid some non-compete agreements and even conflicts of interest."
Tong Shijie has been mentally prepared for a long time, isn't he just doing dark work!
He smiled and nodded: "Mr. Lin, I understand. I know everything you said, so just give me your orders!"
Seeing Tong Shijie's approach, Lin Fan laughed and said "Okay", and then said: "After you return to the mainland, talk to PPS, PPTV, and Xunlei to see if you can make a fortune."
Tong Shijie had some impressions of these websites. He knew that they were all video websites and competitors of Tudou. Without saying anything, he nodded and said, "Okay, no problem."
"The rest of the time, just look for projects on your own!"
Hearing that Lin Fan had given him some autonomy in firing, Tong Shijie was overjoyed and quickly picked up his cup and greeted Lin Fan in return.
Apart from occasionally giving some advice, Lin Fan does not intend to interfere too much in the operation of Axel China Fund. After all, no one wants to be a complete puppet.
Tong Shijie himself has good abilities, and Lin Fan still has confidence in him.
