Breaking Up Is Better Than Divorce

Unicorn

David sent us a very interesting video.

The video begins in the hallway of the hotel.

In a quiet hallway, an emergency bell suddenly rings loudly, and after a while the hotel room doors open and people run out.

The screen rotates, and the door that has just been opened is reflected.

A beautiful Asian woman who appears to be in her thirties and an Asian man in her forties are leaving the room in a hurry.

The two are holding each other’s hands, each holding clothes and bags in their hands.

However, the outfits of the two people stand out quite a bit.

He barely puts on his underwear and holds the rest of his clothes in his hands.

The man wrapped his hand around her shoulder as if to protect the woman, and the woman held the man’s waist with one hand.

It was the appearance of a friendly lover.

The two men and women who left the room couldn’t hide their bewildered expressions and were wondering where to get out.

Then a hotel employee appears, apologizes that the fire alarm that just went off was a malfunction, and tells the guests it’s okay to go back to their room.

Then the two men and women entered the Burinake room.

After seeing it, Eugene giggled for a while and then called David.

“How was this taken? Could it be that there was no illegal act?”

Eugene has always instructed all employees to never cross the legal boundaries.

Even minor evasion of the law can be dealt with by hiring a good lawyer, but I hate having troublesome things happen later.

“Of course, there is nothing illegal about it. It was just that one of our customers accidentally rang the emergency bell, and one of our customers was recording on their smartphone to record the situation.”

tell blatant lies However, it seems to be true that at least they were careful not to become a legal problem.

For example, without using radical methods such as breaking into other people’s rooms with excessive greed, the desired results were obtained.

“Doesn’t that sound like a suite?”

“yes. My son-in-law got a room downstairs in the same hotel and went in first, and then my mother-in-law came down and entered. I did the same thing over and over again for about three days.”

The wife of the Daeyang Group president’s visit to the United States was accompanied by several attendants. Naturally, he did it to avoid the eyes of the attendants.

“But if the fire alarm had sounded, wouldn’t there have been a lot of protests from the guests?”

“We solved it by giving out a voucher that can be used at the hotel. There seems to be no complaints as the room we were staying in provided enough to allow us to stay overnight with just a voucher.”

I like how you take care of even the smallest details. Although it was expensive to provide a voucher, it was nothing compared to the results achieved.

After talking to David, Eugene began to think about what he could get from this video.

During our winter in LA, we had a few special guests again. It came from several royal wealth managers from Western Europe and Northern Europe, as well as sovereign wealth funds from Norway and Dubai.

The purpose was all the same. He wants to invest his money in a fund run by Eugene.

More than the reputation Eugene had earned for being known as a rejection by the world, the reputation he had built up in the investment world was solid.

William’s wealth management company received the desired investment from two sovereign wealth funds, while the Swedish royal family and the Norwegian royal family received the funds from a fund run by Joanna.

This brings William’s wealth management firm to $20 billion in external funds.

Eugene intends to continue accepting funds from such large investment institutions in the future.

This is not a bad thing for Eugene as an asset management company can exert greater influence as the size of the fund it manages is larger.

But there is a more important reason.

There is, in fact, another very important reason for star investors, including Eugene, who have earned a reputation as investors to manage external funds.

This is to transfer products that have been pre-invested with their own funds to an investment fund made with external funds.

It could be seen as a kind of dishwashing.

The investment company that manages Eugene’s personal funds is internally divided into several funds.

Fund 1 is Eugene’s personal funds, Fund 2 is Eugene and Investor A’s funds, Fund 3 is Eugene and Investor B’s funds… … It’s like this.

And when one stock is decided, the first investment in the first fund is unconditionally preceded.

By the time Fund No. 1 finishes investing, the price is already higher than it was at the beginning. Then, fund #2 invests again, and when that ends again, fund #3 invests.

So the lower you go, the lower your profits.

When the investment in the fund managed through Joanna is finished, information is given to William.

William again divides the funds managed by the asset management company into senior and subordinated categories to invest.

By that time, Eugene’s fund is already preparing for an exit.

The larger the funds managed through William, the more Eugene’s personal funds can be completed safely and earn the desired profit without risk.

In a way, it can be seen that subordinated investors pay money and are used for Eugene’s profit.

But they too can’t complain if they end up benefiting.

The world of investing is profound and simple. It doesn’t matter if you use me if it benefits me.

Whether he likes it or not, Eugene’s funds were gradually increasing.

And there is still much more left for Eugene to invest.

While Eugene was spending her time in Los Angeles, she was busy making investments in New York while recruiting new staff.

A new person joined Joanna’s office and William’s office every day. As it rolls a huge sum of $100 billion, the number of personnel required exceeds that of an investment bank.

Of course, you can’t just randomly hire an employee. Moreover, as it is now in the process of building an organization, there is no room for recruiting and training new employees.

Of course, we are only recruiting outside professionals with some experience, but fortunately, thanks to Eugene’s reputation, he was able to scout the elites of top investment banks such as JP Morgan, Bank of America, and Goldman Sachs.

Most of the staffing was increased according to the needs of the two offices, but some areas were directly ordered by Eugene.

In particular, the field in which Eugene has worked the most recently was VC.

So far, it has mainly focused on financial investment, but as the assets under management grew, they felt the need to diversify their investments.

And if you want to get a high return on investment cost, it is also suitable to invest in a nascent start-up. What’s more, if you know future knowledge, it’s even better.

The VC team is largely divided into a domestic team, a European team, and an Asian team.

Jimmy Tang, who will be the mainstay of the Asian team, is of Chinese descent, working at Kleiner Perkins Caufield & Byers, one of the big four venture capitals, and IDG Capital, an investment fund established in Boston and entering China for the first time, and then working at Sequoia Capital again. He has a brilliant career.

Eugene thought that he was a person who was not lacking enough to entrust the investment in the Asian companies he wanted, so he spared no effort to visit Menlo Park himself.

“On the Asian side, great startups keep popping up. There is nothing more rewarding than helping and caring for companies that have not yet blossomed, supplying them with essential resources and helping them to thrive. If Jimmy agrees, we will set up our headquarters in Singapore and create a proper VC.”

“How big is it?”

“We’re thinking at least $10 billion as a starting point.”

Sequoia Capital, the world’s largest venture capital, is known for its operating funds.

“Only in Asia?”

“10 billion dollars in Asia alone.”

“The dinosaurs of VC have appeared. We can cover all promising Asian companies.”

Eugene then offered Jimmy an additional $3 million in bonuses.

On average, this is about ten times the annual salary that VC partners can receive.

It was a proposal given that Jimmy Tang had a superior career compared to his normal partner, and it was also an amount that would make him lustful.

“Honestly, I wanted to ask you to give me time to think… … That’s too generous an offer.”

“Because we need the best resources.”

Eugene did not hesitate to praise anyone who needed to be hired as an employee.

“Actually, I was thinking of retiring as Sequoia last. Now that I’m getting older, it’s time to take a little break.”

“Aren’t you just over fifty now? It’s too expensive to retire.”

Jimmy is the age of so-called Jicheon-myeong, and he is the oldest among the people Eugene wants to recruit.

He is a person with a lot of experience and a lot of connections.

The situation in the Asian investment sector that Jimmy wants to entrust to is very different from the European investment across the sea and the Americas, including the United States.

In addition to always taking into account the political situation of the country in which the target company is located, Jimmy had a very rich quasi in China.

“Thank you for looking at me that way.”

“When I looked at it in various ways, there was no one like Jimmy. We hope you will participate.”

“You could have just sent someone. He came to me and offered me such an offer, so I can’t say no.”

It is not known whether it was effective to be in charge of a very large VC or whether he liked the large salary. Perhaps both were enough to move his heart.

Jimmy immediately resigned from Sequoia Capital and started building his own team.

Fortunately, venture capital firms can operate with fewer people than other investment finance companies.

There was a lot of work to be done to open an office and invest in Singapore, which will soon overtake Hong Kong and become the center of Asian finance.

“Chinese Didi Chuxing and Byte Dance, CATL, Dajiang New. Four companies are the target. And Malaysia’s Grab and Indonesia’s Go-Jek are also important.”

Eugene gave Jimmy his first assignment.

Among them, Didi Chuxing, Grab, and Go-Jek are all companies that provide ride-sharing services like Uber.

In each region, they are competing with Uber for taxation. In the next one or two years, Uber will merge with Didi Chuxing in China and with Grab in Southeast Asia and withdraw.

ByteDance is a company that will develop TikTok, a short-form video-based mobile SNS that will be released in two years.

TikTok will become a worldwide sensation in a few years and will put ByteDance at the top of the unicorn company.

CATL, a battery maker, will benefit the most from the growth of the electric vehicle industry, and in a few years it will achieve the No. 1 market share in the electric vehicle battery market.

The DJI brand, which is already leading the drone market, has infinite potential for future growth.

The companies on the first list are all companies that will be valued at least in the tens of billions to hundreds of billions of dollars each within a few years.

In addition, Jimmy was given a very diverse list of startups, including Kwaishou Technology, a self-proclaimed competitor to TikTok in China, Chunkmu Kerji, an autonomous driving startup, and Byju’s, an Indonesian learning company.

Eugene’s request was simple. Securing as many shares as possible.

After all, these are companies that will generate at least ten times their profits in a few years. Rather than saving the amount of investment, it is beneficial to obtain even a small amount of stake.

While Eugene was discussing investment in Asian startups with Jimmy, on the other side of the continent, David was meeting a handsome man who looked quite young for a 40-year-old.

“What do you want with this?”

The man asked harshly, averting his eyes from the still unfinished video.

He growled as if he was full of anger, but the man’s body was trembling little by little.

“I didn’t ask to meet Daewoong because I wanted something else. It’s just that this unsavory video came into my hands by chance and I want to help Mr. Daewoong.”

“Are you going to help? her!”

The third son-in-law of the chairman of the Daeyang Group had an absurd expression on his face.

But his eyes are still trembling.

I fell into the perfect trap. It’s a pit you can’t get out of.

Heo Dae-woong had already guessed that his life was falling to hell.