"My father and I have a common view, that is, the century will be the Chinese century. Although China has just opened its doors, I can already feel that this land is full of vitality. As long as you give them a chance, they will create
produce an economic miracle greater than that of Japan."
Bob looked up at the bustling crowd in the exhibition hall and said slowly.
"But this country is too poor. Their per capita GDP is only equivalent to that of the United States. Are you sure they are not the same as those poor countries in Africa?" Kerry retorted.
Old Hutch sent the two of them out as Bob's followers, not just as yes-men. In fact, Mike and Kerry are both the most experienced investment experts in the company.
Bob shook his head: "Uncle Kerry, it is very inappropriate for you to compare China with those poor countries in Africa. Let me give you an example. You should know that in recent years, the Chinese government has sent
We received a large number of business delegations to discuss the purchase of Western equipment.”
"Of course I know that poor countries in Africa have also purchased equipment from us."
"But when purchasing equipment, poor countries in Africa will require Western companies to transfer the patents and manufacturing technology of these equipment at the same time?"
"this……"
Kerry suddenly became speechless.
Kerry has heard of what Bob said. In recent years, China has imported a lot of equipment from the United States, including machine tools, chemical equipment, mining equipment, construction machinery, etc. Kerry has indeed heard from people in the company
As mentioned before, when China purchases these equipment, it will regard technology transfer as an important condition.
American companies are very dissatisfied with this. In the eyes of American entrepreneurs, the technological gap between China and the United States is at least a few years. Transferring some relatively backward technologies to China by the United States cannot change anything.
Kerry was also affected by this optimism, so he didn't think much about it.
Now, Bob pointed this out very seriously, and Kerry couldn't help but care. If you think about it carefully, this is indeed an unusual thing. At least, similar to such a request, the poor countries in Africa will not make it.
, even those countries in Latin America, whose per capita GDP is already twice that of China, do not have much enthusiasm in obtaining technology transfer.
"China is a big and ambitious country. Although its per capita GDP is less than US$1, it has a complete industrial system. China is poor only because it has suffered from aggression for hundreds of years. In the past few years, it has
It was jointly blocked by the two major camps in the east and west, which led to its backwardness. But even so, it has still made many achievements that wealthier countries cannot make." Bob talked eloquently.
"Are you talking about the atomic bomb and the satellite?" Kerry asked.
"It's not just these." Bob said, "The Chinese have made extraordinary efforts in various fields. As far as the vitamin project Gao Fan told me about, there are not many countries in the world that can independently synthesize vitamins.
There are many, but China is one of them. The two-stage fermentation method invented by the Chinese is currently the most advanced vitamin C extraction technology in the world, and the German Roche Group is negotiating with the Chinese side to introduce this technology."
Bob is of course not the "curious baby" that Gao Fan imagined. In addition to being an inhumane rich second generation, he is also a second-year undergraduate student at Harvard Business School. He is the same as those who relied on their parents' donations to the school to obtain their income.
The students with different admission quotas were admitted to Harvard based on his own grades.
With strong genetics, education at a top private school, unlimited resources, and his own hard work, Bob is one of the most outstanding students even at Harvard.
In addition, Bob had participated in the investment decisions of the family business as early as when he was in middle school. His sensitivity to investment opportunities even impressed many senior managers in the company.
This time, Bob came to China in the name of a study tour, and the reason why he chose China as a study tour destination, as he said himself, was that he was optimistic about China's prospects and believed that he could find the best investment opportunities in China.
When Gao Fan was selling his products everywhere in a homemade advertising shirt, Bob set his sights on him. Gao Fan had a completely different temperament from other Chinese people in the venue. His youth and openness made Bob realize that this
Perhaps your peers are also elites like yourself.
Of course, Bob does not think that Gao Fan is better than himself. His evaluation of Gao Fan is simply that Gao Fan belongs to the outstanding talents of the Chinese people. Compared with the elites of the United States, there is undoubtedly a big difference between the Chinese elite and the American elite.
Big cut.
By the way, in this era, people who hold this view include not only all Americans, but also most Chinese people.
Bob didn't know much about the vitamin E project that Gao Fan mentioned, but he definitely didn't know anything about it. He was well-read and had experience in various fields. Just now he told Kerry and Mike about the Chinese invention.
The two-stage fermentation method is the knowledge he read in journals in the past, not what Gao Fan told him.
He pretended to be ignorant and asked Gao Fan for advice, which meant that he wanted to test Gao Fan in school, but also took the opportunity to observe Gao Fan's character. This kind of trick was actually pretending to be a pig and eating the tiger.
What Gao Fan said to Bob contained some boasting elements, but the main content was true, which gave Bob a certain degree of trust in Gao Fan.
Gaofan provided Bob with two options, one is to take % of the equity in the vitamin E project, and the other is to take % of the equity in the entire vitamin project. Bob chose the latter without hesitation. This is because
He could see that Gao Fan was a man with lofty goals.
Gao Fan will never limit his business to vitamin E. Vitamin E is just a stepping stone for him to enter the large vitamin market.
Bob wants to use Gaofan as a stepping stone to enter the Chinese market, so of course he has to choose a larger platform to participate.
As for the investment of ten thousand dollars, for the young master of the Hatch family, this figure can indeed be described as "mere". Even if he was wrong, Gao Fan was not a talented person, and the ten thousand dollars ended up being useless.
What does it mean to Bob?
"Uncle Kerry, Uncle Mike, you ask me if I plan to provide venture capital to this Gaofan, my answer is yes. Yes, I am planning to provide him with venture capital. This will be my first step into the Chinese market.
first step.
"I believe that after the year, Hatch Group will be proud of this investment, and Harvard Business School will also make this investment case a must-read case for MB."