Lei Dongming handed Zhang Yida a document that recorded the investment details of the recent period in detail.
Zhang Yida flipped through the pages and took a look:
36Kr Technology Media’s Series C financing led the investment of US$8 million, accounting for 8% of the shares;
Shangchao Technology’s Series A financing, with a follow-up investment of US$10 million, accounting for 10% of the shares;
Queshi Technology’s Series B financing led the investment of US$10 million, accounting for 10% of the shares;
Yitu Technology’s Series A financing led the investment of US$10 million, accounting for 10% of the shares;
Bitmain’s Series A financing led the investment with US$5 million, accounting for 15% of the shares;
Canaan's angel round financing led the investment of US$1 million, accounting for 20% of the shares;
Kuaishou’s B+ round of financing, with a follow-up investment of US$30 million, accounting for 5% of the shares;
Douyu’s Series A financing, with a follow-up investment of US$8 million, accounting for 8% of the shares;
Station B’s Series A financing led the investment of US$12 million, accounting for 12% of the shares;
WeDoctor Group’s Series B financing, with a follow-up investment of US$20 million, accounting for 2% of the shares;
VIPKID education and training company’s Series A financing led the investment of US$3 million, accounting for 12% of the shares;
Yuanfudao’s C+ round of financing led the investment of US$15 million, accounting for 5% of the shares;
Lianjia Strategic Investment, Ruixiang invested US$40 million, accounting for 4% of the shares;
Wagonbang Pre-A round of financing, leading investment of US$15 million, accounting for 10% of the shares;
Yunmanman’s Series A financing led the investment of US$5 million, accounting for 10% of the shares;
DJI Drone’s Series B financing, with a follow-up investment of US$10 million, accounting for 1% of the shares;
Youbixuan Robot's Series A financing led the investment of US$20 million, accounting for 20% of the shares;
Rouyu Technology’s B+ round of financing led the investment of US$30 million, accounting for 3% of the shares;
Ucommune’s angel round financing led the investment with US$3 million, accounting for 9% of the shares;
Singularity Auto’s angel round financing led the investment of US$2 million, accounting for 12% of the shares;
Xiaohongshu’s A+ round of financing, leading investment of US$3 million, accounting for 6% of the shares;
Ximalaya’s A+ round of financing led the investment of US$6 million, accounting for 6% of the shares;
Daily Youxian Pre-A round of financing, leading investment of US$5 million, accounting for 10% of the shares;
Huitongda Pre-A round of financing, leading investment of US$5 million, accounting for 5% of the shares;
Horizon Robotics angel round financing, leading investment of US$2 million, accounting for 20% of the shares;
Meicai.com’s A+ round of financing led the investment with US$10 million, accounting for 10% of the shares;
Dada’s A+ round of financing led the investment of US$11 million, accounting for 11% of the shares;
Small companies such as Canaan Yunzhi invested US$1 million for 20% of the shares; Rulianjia, which is already large in scale, invested US$40 million for only 4% of the shares.
27 investment projects with a total investment of US$299 million.
Zhang Yida checked it carefully again and finally confirmed that there were no omissions. Most of the larger unicorns in the previous life were included in the network.
Except for 36 Krypton Media, all other companies will be at least 2 billion US dollars and 15 billion yuan in valuation in the next few years.
In addition, in addition to Cainiao Station hatched by Ali, Goudong Logistics hatched by Goudong, WeBank hatched by Penguin, Lufax under Anping Insurance, Financial One Account, Anping Medical Insurance Technology, etc.
.
The other top 50 independently operated Internet/technology unicorns are basically included in Zhang Yida’s thin investment list.
The previous valuations of new energy vehicle manufacturing companies were not low. There were several companies with valuations of several billion dollars, but Zhang Yida did not invest in any of them.
Burning money is too exaggerated, and those with small arms and legs would not dare to wade into such muddy waters.
In addition, there are still some fish that have slipped through the net. The company has not yet been established, or has not yet become independent from the parent company, and cannot invest.
Lei Dongming saw Zhang Yida closing the document and knew that he had finished reading it, so he said:
"How's it going? Most of the companies you listed have been taken down."
"Well, the work efficiency is very high and deserves praise."
Zhang Yida gave him a thumbs up and said.
"By the way, I went to investigate the Ziroom Apartment you mentioned. It's a business product line of Lianjia. They haven't operated independently yet, so I can't invest in it.
Huya Live is in the YY system, Zuoyebang is incubating within Qiandu, and Ganji Haoche is still in the Ganji Group. They are not independent and cannot be invested."
Lei Dongming remembered that in the list of companies Zhang Yida had told him to invest, there were several companies that had not been invested due to various reasons, so he explained to Zhang Yida.
"Okay, pay more attention! Once the operation is split, we will invest in it as soon as possible."
Zhang Yida feels that these companies cannot be let go. The top 50 unicorns must be neatly organized to look good.
"Okay, I have taken care of these things. I have been extremely busy in the past two months. The manpower of Ruixiang Industrial Fund is overwhelmed, and they are all transferred from Huayi Capital.
For several large projects, I also participated in the entire negotiation process.
Now that these things are over, I can give myself a few days off."
Lei Dongming stretched and said with a smile.
"Okay, you've worked hard these past few months. I'll give you a week off to recuperate."
Zhang Yida thought for a moment and understood that in more than 2 months and less than 90 days, he invested in 27 companies.
The speed of investing in a company in three days is incredible.
It includes business negotiations, founder background investigation, company due diligence, various audit reports, business model assessment, and finally signing of the agreement and payment.
Things are complicated and not easy to do.
Therefore, Ruixiang Industrial Fund did not have enough manpower, so it came to Huayi Capital to second its manpower.
"That's not right! Don't you have tens of millions of dollars in Ruixiang Industrial Fund?
Why did I invest 299 million U.S. dollars? Then I would only have 1 million U.S. dollars left!"
The funds from the Ruixiang Industrial Fund were all spent in less than three months. Zhang Yida was also a little worried and angry. Southeast Asia still had to invest more than 100 million, so where could he find the money?
"Uh...that, I forgot.
After paying the other half of Lianjia’s investment of US$20 million today, we are indeed left with only US$1 million.”
Lei Dongming said sarcastically.
"Hey, forget it, don't worry about this anymore.
Think about how to raise funds for the second phase of the fund!”
Zhang Yida waved his hand and said it was no problem. Spend the money as you spend it. If you invest 300 million U.S. dollars, it will be 3 billion U.S. dollars in a few years. It may be more than that.
There is nothing to worry about with a horse that has high returns.
“Ah, the first phase of the industrial fund has only been raised for a few months, is it about to start the second phase of fundraising?
Some venture capital funds can last for 3-5 years after raising one phase of funds.
Good thing for us, it took three months.
It’s not that easy to raise funds, and the projects we invested in haven’t produced results yet, so I’m afraid we’re not very convincing.”
Lei Dongming shook his head, thinking that Zhang Yida was a bit fanciful. He invested intensively in the past, investing in one company in three days, and spent money like water. Now he is dumbfounded!
"It's okay. I won't go into details. If we mobilize all kinds of resource connections, we can still scrape together US$100 or 200 million. Let's seal the hole in Southeast Asia first."
Zhang Yida has no regrets at all. For these domestic unicorn companies, if you buy early, you will earn early, but if you are late, the value will increase too quickly, and you may miss the opportunity and be unable to invest.
That's why he assigned Ruixiang Industrial Fund a high-intensity task because he was afraid of missing out on good investment opportunities.
"Okay! Let's settle the issues in Southeast Asia first and then talk about it!"
Lei Dong knew that the matter had come to this, so he could only follow Zhang Yida's instructions and collect money to fill the hole before talking about anything else.
"By the way, I have a question for you.
Where did you get information about these companies? Whether it’s Gojek in Southeast Asia or these domestic start-ups.
After I have contacted them, I feel that they are all very good, and all of them are high-quality projects.
With an excellent founding team and novel ideas, the chances of success are high.
Are there any unique news channels? Share them with me."
Lei Dongming was very curious about this question. Every time Zhang Yida found a good company, there must be secrets or well-informed information channels.
Venture capitalists all have their own information channels. But he believes that his own information channels are far inferior to Zhang Yida's.
"Um...how do you say this? Read more and analyze more, and you will be able to pick out good projects."
Zhang Yida was a little confused. Lei Dongming's question stumped him. He couldn't say that he traveled through time and space and knew the future!
"Yes, you are an excellent entrepreneur yourself. You know best what conditions a good project requires."
Lei Dongming thought about it and felt that what Zhang Yida said made sense: read more and analyze more...
Many venture capital companies like to recruit successful entrepreneurs as partners because they have a very good vision in judging projects.
"I can still understand technology companies and new consumer industry companies, but I can't understand the 36Kr, Bitmain, and Canaan you invested in."
Lei Dong clearly understands Internet companies and technology companies, but he is confused about new media and mining machine manufacturers.
Zhang Yida patiently explained to him:
"36Kr is positioned as a science and technology media. If I vote for him, it would be great to send some positive articles to Ruixiang if I have nothing to do!
Mining machine manufacturers understand better. Others are mining for gold, while he sells shovels and water on the sidelines."
Regarding the investment of 36 Krypton, Zhang Yida mainly cultivates a media that is closer to him, which will be convenient for many things in the future, especially public opinion.
36Kr Future is the first self-media company to be independently listed and has great influence in the industry.
Bitmain and Canaan specialize in producing mining machines. When the Bitcoin market is booming, profits should not be too scary.
I remember in my previous life, in 17 and 2018, when the market was good, the annual net profit was as high as more than 1 billion US dollars.
Although there are losses when the market is not good, considering the valuation of US$15 billion, it is definitely not a loss to invest at this time.
"Oh, I understand. The investment amount is not large anyway, so there is nothing to worry about."
Lei Dongming nodded. He probably understood what Zhang Yida meant. The reason for investing in 36 Krypton was to increase one's own influence. The reason for investing in a mining machine manufacturer was very straightforward. It was all about making money.
"How is the fundraising for the third phase of Huayi Capital's fund going?"
Zhang Yida asked about this matter again.
“In the fundraising process, it was much easier than raising the second phase of the fund.
The first phase of the fund invested in four projects: Didi, Toutiao, Magnesium Group, and Huimin Bicycle.
Which one is not a star company?
I put the investment case in that direction, and the customers who were thinking about it suddenly stopped thinking about it and had to invest life and death; the customers who said they wanted to invest 1 million clamored to invest 2 million."
When Lei Dongming mentioned this, he was laughing and talking. The hard days of Huayi Capital were over, and its reputation in the industry was growing day by day.
This kind of fame has two advantages. One is that it is easier to raise funds, and the other is that there are more entrepreneurs investing in BP.
“Haha, all the hard work comes with joy!
In a few years, customers will have to fight to grab fund shares!"
Zhang Yida thought about it and felt that it was really possible.
For a venture capital firm that has successfully invested in dozens of unicorns around the world, raising funds is as easy as eating and drinking.