Xiong Xiaoge has a more complicated impression of Fang Zhuo.
He once looked back on his career over the past ten years and felt that this kind of person was something he had never heard of or seen before. He always had a contradictory feeling that he seemed to be a lie but not a lie, and that he seemed to be true but not real.
Xiong Xiaoge still insists to this day that he decided that Fang Zhuo was financing maliciously after investing in Guohao.com.
Especially, after raising money to buy land and mortgage it to the bank to change the creditor's rights relationship, you are well prepared.
But this does not conflict with Fang Zhuo's own strong ability.
In another situation, he would be happy to appreciate the various operations of such a business figure, but since he is the party involved, it would be very uncomfortable.
Like a lump in the throat, like a awn on the back, like sitting on pins and needles.
Let’s invest. Based on my understanding of Fang Zhuo in the past few years, I’m a bit doubtful.
Don’t invest in it. Both inside and outside are very optimistic about the new project that Fang Zhuo and Qiu Ciyun are working on together.
Although Xiong Xiaoge is the president of IDG's China region, some things cannot be settled in one word, otherwise he would not have been forced to sell Tencent shares under the pressure of partners.
During the more than half a month since returning to Beijing from Shanghai, partners, colleagues, and subordinates expressed their optimism about the ice core project almost every two days. Xiong Xiaoge was a little skeptical after hearing more about it.
Whose judgment is biased?
Even if we put aside the encouraging factors within IDG due to the upcoming IPO of Yike, it is true that as Fang Zhuo said, Goldman Sachs and Deutsche Bank are not unknown people. Their internal analysis, judgment, and processes are better.
Even DCM, who has initialed the agreement, the partner in charge of business development in China, Connor, also has a very impressive investment resume.
Xiong Xiaoge was already a little shaken before he received Fang Zhuo’s call. He was looking at the ice core project through the eyes of a stranger again.
Anyway, as my colleague said, the worst thing is to invest less.
That evening, Xiong Xiaoge finally entertained Fang Zhuo, the president of Yike, who came to Beijing.
There were not many people at the dinner party. Except for Xiong Xiaoge, everyone at IDG was new, and Fang Zhuo brought two technical members of the team.
“Hey, Old Xiong is training young people?” Fang Zhuo arrived at the box, glanced at it a little strange, and didn’t think much about it.
“I see that your assistants are replaced very frequently.” Xiong Xiaoge said.
When Fang Zhuo heard this, he couldn't help complaining: "There is a shortage of people. My assistants are all regarded as management trainees. They are put down after only two days of use."
Xiong Xiaoge nodded secretly, yes, I know you are short of people.
The protagonists of the small dinner are none other than the president of IDG China and the president of Yike.
The two were old friends. As they ate and drank wine, they both made a tacit understanding at first and did not mention the ice core project. They just happily chatted about the current development of the domestic Internet industry.
Fang Zhuo’s insights in this area make everyone who comes to IDG feel that “he is worthy of being Mr. Fang.” He is named Shuying, and he does have some practical information.
After three drinks, the atmosphere was almost warm, Xiong Xiaoge opened his mouth drunkenly, and without talking about international venture capital, preferential policies, or industry prospects, he asked directly.
“Mr. Fang, tell me the truth, can ice cores be cast?”
Fang Zhuo said decisively: "Yes."
Xiong Xiaoge toasted the young president with a glass of wine, and said with emotion: "Mr. Fang, we have known each other for a long time. Not to mention those who have and don't, I, Xiong Xiaoge, am worthy of you, right? You, Yike, want to
I paid for the overseas development, and you, Yike, needed money to get the copyright, so I helped contact Huanyu in Xiangjiang and IDG in the United States."
“I, Xiong Xiaoge, am not interested enough in you?”
When various external factors are mixed together, when the leading companies in the industry are difficult to judge expectations, when peers all express their optimism, and when the heart begins to waver, then return to nature.
Just look at a person and see if he has a conscience.
Xiong Xiaoge also had no choice but to listen to the truth. He looked directly into the young president's eyes and asked the same question: "Can I vote this time?"
Fang Zhuo said decisively: "Yes!"
Xiong Xiaoge's drunkenness rushed to his head. He drank another glass of wine and sighed repeatedly, calling him by his first name: "Fang Zhuo, you don't know. In fact, I am very hesitant. I am personally interested in your project, but whether it is
My partners, colleagues, and subordinates all advised me not to invest!"
“You know what? I’m under a lot of pressure, and you have a bad reputation in the investment community!”
Xiong Xiaoge spoke so hard that tears almost came out. He took Fang Zhuo's arm, burped, and said loudly: "Today, if Fang Zhuo told me something right, I will bet on you!"
Fang Zhuo patted Old Xiong on the arm with his backhand, nodded and said: "Old Xiong, just keep your heart in mind. You are not a stranger, we are friends."
As he spoke, he was about to drink a glass of wine.
Xiong Xiaoge held Fang Zhuo's arm tightly, and her speech was a little unclear: "Fang Zhuo, this time, this time we have to sign a divestment clause. I bet you, you have to let me, let me have confidence.
Tell your partners."
Fang Zhuo said without hesitation: "Old Xiong, just because you trust me so much, other companies don't have this divestment clause, IDG must have it."
He repeated what he said on the phone before in a loud voice: "If this project is really not completed, no matter how other companies die, I guarantee that you, IDG, will be the last to die!"
Xiong Xiaoge smiled brightly and watched the young CEO drain a glass of wine.
Overcome with drunkenness, Xiong Xiaoge got the right words and quickly lay down on the table.
Fang Zhuo was still interested and drank with people from IDG one by one. While drinking, he sighed: "Old Xiong, Mr. Xiong, he is more emotional and less rational. You IDG must have your own corporate investment culture, otherwise how can you compete?
Can it win over other venture capital?”
People at IDG repeatedly said that it was indeed true that Mr. Xiong was a bit emotional and needed to make rational judgments when doing projects.
Soon, Fang Zhuo got drunk. He didn't sleep well last night and drank a lot, which ended the drinking party.
At nine o'clock in the evening, Xiong Xiaoge and Fang Zhuo both staggered into their respective cars.
Xiong Xiaoge regained consciousness as soon as he got in the car and rubbed his temples: "It's good to have a divestment agreement. Fang Zhuo's words are not entirely untrue. It will be easy to talk about everything if it is implemented in the contract."
He continued to express his firm decision to the people next to him: "IDG America will invest as much as it wants. We can't invest that much here. We need to go back and study this number."
“Yes, Mr. Xiong.” Mr. Xiong Xiaoge’s subordinates felt that this time it was safe. Mr. Xiong even pretended to be drunk regardless of his face, and Mr. Xiaofang was really tricked.
Fang Zhuo, who was in the car on the other side, yawned and looked at the night view of the capital outside the window. He couldn't tell what he was feeling.
Why is this old bear like this?
Can people be a little sincere between people?
int in you have been divided into parts.
However, there is nothing wrong with unconventional divestment clauses.
Fang Zhuo feels that he is getting more and more experienced in dealing with investors. Investors often say that the end of investing is investing in people. In fact, it is the same when looking for investors. In the end, it all depends on the people.
The semiconductor industry is different from other industries. As long as the project can get started and gain a firm foothold, the subsequent development can be greatly guaranteed. If something serious and dangerous happens, a person with the character of Lao Xiong can risk the world's disapproval.
If you want to withdraw your investment, just withdraw it.
He is the president of IDG China. The business he is responsible for is all within the country’s borders. Some factors may seem intangible, but in reality they are also very particular.
People count me, I count people.
Only by communicating and learning from each other can we make progress from time to time, that's all.
Fang Zhuo sipped his tea, closed his eyes and rested his mind, thinking about how to enter the game with Ni Runfeng, who was also in Beijing.
