Winning the new financial era

Chapter 72
Beijing.

22nd Floor, Dongyang Building, Wudaokou.

There are only two companies on the entire 22nd floor, and Huayi Capital and another private equity fund each rented half a floor.

Since Lei Dongming devoted himself to the management of Huayi Capital, he immediately started to build and improve the team. Now Huayi Capital has a professional investment team of more than 30 people.

In Lei Dongming's executive partner's office, Lei Dongming explained to Zhang Yida:
"Huayi Capital currently has a team of more than 30 people. It seems that there are not many people, but they are all taking the elite route, and they would rather be short than excessive.

The company is divided into five major departments: investment, operation, risk control, finance, and comprehensive.

The investment department has 9 industry analysts and 3 investment managers. The specific work includes: project screening, due diligence, investment model design, relevant document preparation, project negotiation, project management, project exit and so on.

The operation department has 6 financing managers, 3 project planning managers, and 6 marketing managers. The specific tasks are: implementing financing roadshows, planning fund promotion plans, fund marketing and market development.

The risk control department has 3 risk control managers, who are responsible for assisting the investment manager in conducting due diligence, and conducting investment value analysis based on relevant financial data, including enterprise valuation, investment return, and finally giving project risk assessment opinions.

The financial department has 4 financial personnel responsible for participating in the company's financing plan, fund scheduling and management; as well as the calculation and distribution of internal employee salaries.

The comprehensive department includes 3 personnel administration personnel and 3 drivers.Responsible for the company's personnel recruitment, attendance; and vehicle scheduling and maintenance. "

"Okay, you can make up your own mind about this matter!" Zhang Yida said nonchalantly. Lei Dongming has worked in an investment bank and also served as the chief financial officer of a start-up company. He is very expert in venture capital.

Moreover, the shares of Huayi Capital are divided between 66.7% and 33.3%, which belong to the enterprise jointly established by the two people. The relationship between everyone is not like the upper and lower levels in Ruixiang, and they are all equal now.

So Zhang Yida had nothing to express.Lei Dongming is indeed much more professional than him in venture capital.

"I recruited more people for the marketing position, and our current fundraising ability is still a bit weak. Didi and Toutiao allocated 3 million U.S. dollars in March, and we will allocate the second tranche of 6000 million U.S. dollars next month."

Having said that, Lei Dongming looked a little serious, scratched his head, frowned and said:
“目前我们除了3月份拨付出去的6000万美元，又再次募集到了7000万美元。但是下个月拨付掉6000万，就只剩下1000万美元了。

1000 million US dollars cannot support the investment of several projects.We can’t afford to invest in mid-to-late-stage projects, so we can only invest in early-stage projects.

Now our fund direction is still not clear, mainly in the early stage or in the middle and late stage?

Which industries are you investing in? "

Zhang Yida frowned when he heard these words, the fund is still not famous enough.People raised hundreds of millions of dollars in one or two months and directly overraised.It is difficult for Huayi Capital to raise [-] million in two months.

Moreover, the fundraising cost is not small, and the annual 2% management fee is directly transferred to third-party wealth management companies such as Yimin Wealth and Noah as agency sales commissions.

Withdrawing his thoughts, Zhang Yida suggested:
"Let's split it into two funds! One USD fund, mainly for mid-to-late stage projects; one RMB fund, focusing on angel rounds and A rounds.

In addition, in terms of investment direction, my opinion is to focus on five directions: technology/media, healthcare, education and training, consumer goods/services, and industrial technology. "

Lei Dongming thought for nearly a minute, and then said:
"That's a great suggestion!
With two funds, we can basically cover projects from the early stage to the mid-to-late stage.

The advantage is that good projects will not be missed, and the disadvantage is that the investment level is very high.

And you have to be well funded! "

Having said that, he glanced at Zhang Yida, and Zhang Yida replied directly:

"Funds are slowly finding a way, and the shelves are built first.

Didi and Toutiao invested in this year should be star projects next year.

At that time, Huayi Capital will no longer be an unknown newcomer in the industry.

If you invest in a good project and help investors earn money, are you afraid that there will be no funds to enter? "

Lei Dongming smiled. He thought Zhang Yida was too optimistic, and continued:

"In terms of investment direction, I still think it is too broad.

The five fingers must be gathered into a fist, and only when you punch out can you have strength. "

"Does your opinion mean that there are too many investment directions? Then you think it is more appropriate to focus on a few directions."

Zhang Yida felt that the directions he chose were all hot directions in later generations, not bad!He wanted to hear what Lei Dongming had to say.

Lei Dongming heard the thorn in Zhang Yida's words, shook his head and said with a smile:

"These five directions are all very good, but I just think our current fund size is still too small, and we should not be too distracted.

Moreover, our current three investment managers and three groups of industry analysts are all focused on technology media, industrial technology, and consumer services.

At present, we have not recruited suitable investment managers and analysts in the healthcare and education and training industries.

Do a good job in the three directions first, and then expand the scale of the fund, and then cover the medical and education industries! "

Zhang Yida felt that what Lei Dongming said made sense. After all, he hadn't been reborn, and he didn't know how awesome the two projects currently invested by Huayi Capital would be in the future.

Therefore, the behavior style is inevitably a bit conservative, and I feel that it is difficult to raise funds, and the pace must be slow to go steadily.

Zhang Yida didn't argue with him either, and everything will be clear next year.

He took a long breath and asked:
"How's the magnesium group?"

Speaking of Meituan, Lei Dongming became interested. Now Meituan's position as the leader of group buying is basically secured, and the situation is clear. If you invest in it, you will earn money.

A few months ago Zhang Yida asked him to contact and investigate the magnesium group, and now there are results.

Lei Dongming said excitedly:

"This month, Magnesium Group will start its C round of financing, with a goal of raising US$3 million and a valuation of US$30 billion.

Ari is going to lead the round, with Blackshirt Capital and General Atlantic following up.

I have also sent the letter of intent to invest, but have not responded to us yet. "

Zhang Yida nodded, the magnesium group has become his obsession now, the three little giants must get together for fun!
Moreover, Huayi Capital has invested in the three small giants, and they are all in the C round, which is even more legendary.

It will be of great help to Huayi Capital's future fundraising work!

……

Two days later, Lei Dongming called Zhang Yida and said dejectedly:
"Magnesium has rejected our investment request!"

"What's going on?" Zhang Yida had almost guessed the reason, probably due to pressure from the giants, but he still asked.

"Ari was their shareholder before, and Ari disagreed. Moreover, several other institutions participating in this round of investment also disagreed, and they jointly excluded us." Lei Dongming said a little disappointed, thinking that the matter that was certain was once again twisted.

"Hehe, I knew it would not be that easy." Zhang Yida sneered, and asked Lei Dongming to take the lead, just to scout the way, and he still had a backup.

Comforting Lei Dongming said:

"Don't worry! They blocked our investment, but we still made a decision.

You make an appointment with Huang Xin, and the two of us will have a chat with him alone. "

"Why did you ask him out?" Lei Dongming asked.

"Just tell him that Huayi Capital is very optimistic about him leading the magnesium group. As long as Huayi Capital becomes a shareholder, we are willing to give him all the voting rights we have obtained."

Zhang Yida knows these founders too well, and everyone loves and fears venture capital.

Lei Dongming understood, and called Huang Xin according to Zhang Yida's instructions. Huang Xin really became interested, and the three of them made an appointment to sit down at night to discuss this matter in depth.

night.

Zhang Yida and Lei Dongming were invited to a high-end hotel, and met Huang Xin who had been waiting for a long time in a private room.

The original appointment was to meet at 8 o'clock, but Huang Xin came half an hour earlier.

This small detail can actually show Huang Xin's attitude.Zhang Yida and Lei Dongming looked at each other, and the smile on their faces became wider.

Huang Xin has a big crew cut, and his hair is slightly bald. It is estimated that the business competition uses too much brain.Putting on the glasses on his nose, Huang Xin went straight to the point and said:

"The meaning of the two phone calls is that as long as I agree to let Huayi Capital enter the market, I will donate the voting rights I get to the management team of Meituan.

I don't know if I understand it right? "

"Yes, Huayi Capital is very optimistic about Mr. Huang, and also very optimistic about Mei Tuan.

We believe that under your leadership, the magnesium group will reach a higher peak.We don't feel at ease if someone else brings it.

Therefore, we are willing to give all voting rights to your management, and you can sign a concerted action agreement. "

Zhang Yida is still very optimistic about this Boss Huang. The ruthless man who was killed in the Thousand Regiments War will drive out the giants in the future.The business skill points are full, and it will become a master!

"Okay, I can agree to Huayi Capital's shareholding. But the share will not be too much, up to 5000 million."

Huang Xin also replied happily.

Zhang Yida felt that it was a little small, but after thinking about it, there was also Ahri and Heishan in this investment. The competition was too great, and no matter how hard Fei worked, he couldn't grab much of the share. After all, Huayi's foundation was still too weak.

He nodded and said, "Okay, just 5000 million shares."

After the next three rounds of drinking, the relationship between the three of them became much closer.

Zhang Yida laughed and said:
"Brother Huang Xin, the future achievements of Meituan are limitless! The valuation of hundreds of billions of dollars is also very likely to be achieved."

Huang Xin laughed, looked at Zhang Yida and said:
"Why don't you talk about Rui Xiangnan? It was established three years later than Meituan, and its valuation is comparable to ours. It will definitely become a giant in the future!"

"Giant? I don't think BAT will give us this chance.

When the new emperor ascends the throne, he must stand on the throne with the corpse of the old king.

In fact, at the stage where you and I have developed, we have long been targeted by giants. "

Zhang Yida blushed and said drunkenly.

Huang Xin nodded and didn't say much.After all, he is not young anymore, and Ari is still a shareholder, so he won't say anything more about it.

He felt that Zhang Yida's pattern was broken.

An idea came to Zhang Yida's mind, so he said with a smile:

"You said, let's join Toutiao and Didi, how about the four forming a justice alliance? Fight against the evil giants together."

(End of this chapter)