Xu Yiyang intends to form a team in the Internet industry in the near future.
After all, the current stage of the Internet is the golden period of development. Many products have not yet been born, and there is a lot of room for development.
But the biggest problem is that there is no technical team. After all, everything in the Internet industry requires technical support.
Although Liu Mingchao's team is small and looks very rudimentary, its members all graduated from prestigious universities, so there should be no doubt about their technical strength.
If through this cooperation, they can build the management software they need, then they can consider recruiting his entire team.
What's more, he also knows Zhang Xiaolong, a great master. Through him, he may be able to open up a way to take root in the Internet.
Although he wanted to get to know Zhang Xiaolong earlier, he did not mention introducing Zhang Xiaolong to Liu Mingchao this time.
Mainly because it doesn't mean much to know Zhang Xiaolong now.
Zhang Xiaolong is no longer just trying to start a business. He has already created an excellent product. Many people are chasing after him to buy Foxmail, and the price is at least several million.
In this era, technicians who can make millions from one product are absolutely rare.
Therefore, even if Xu Yiyang knows Zhang Xiaolong now, he still cannot win over him.
…
When Liu Mingchao and his team began to develop management software for Xu Yiyang, Lin Xiaru, an executive at Goldman Sachs Capital, was preparing to leave from New York to Yanjing.
This time, she is going to Yanjing to follow up on several projects invested by Goldman Sachs, and will have a meeting with the person in charge of the Yanjing area to discuss increasing the scale of investment in the Zhongguancun Internet entrepreneurial team.
Cai Chongxin knew that she would come to China in early September, so he had been waiting for her to meet with Boss Ma to talk about investing in Alibaba after she came to China.
So, seeing that September was approaching, Cai Chongxin called her again.
Lin Xiaru is also very interested in Alibaba's projects, and with the endorsement of Cai Chongxin, a former Wall Street colleague, she already has a certain intention to invest in Alibaba.
Goldman Sachs is now very interested in the entire Chinese Internet industry.
Goldman Sachs has experienced the rise of Silicon Valley and the huge wealth created by the Internet in the United States in the past few years. Therefore, Goldman Sachs and even Wall Street are looking forward to the miracle that happened in Silicon Valley in the past few years to be perfectly replicated in China.
Therefore, they pay special attention to Chinese Internet startups and entrepreneurial projects.
Lin Xiaru had already read the business plan sent by Cai Chongxin. Although Ali's B2B model was not the first, Lin Xiaru was very interested in Boss Ma's entry point.
She was also looking forward to meeting Boss Ma at this time and seeing what the extraordinary charm of the man Cai Chongxin praised so highly was.
Just when Lin Xiaru was packing her luggage at home and preparing to leave for China early the next morning, one of her right-hand men suddenly called and said: "Mr. Lin, we have evaluated an S-class business plan from the mailbox. The project is in China Yanjing, the direction is B2B, the plan has been forwarded to your email, please check it as soon as possible if you have time."
"S level?" Lin Xiaru asked in surprise: "Is there such a high level?"
The other party said firmly: "The investment committee has reviewed this plan and gave it an S-level evaluation."
Lin Xiaru immediately became serious.
S-level projects are rare but hard to come by!
For Goldman Sachs, they receive many business plans from all over the world every day. Behind each business plan, there is a project, so they have strict review requirements for the pros and cons of projects.
First of all, the person who receives the business plan must rely on his or her professional level to rate the business plan. The highest level is S, followed by level A, level B, level C, and level E. This is also the international content rating system. Convention.
Generally speaking, Goldman Sachs only invests in B-, A- and S-class projects.
Projects that reach these three levels will be submitted to the Investment Review Committee by the person who originally received the business plan. After re-evaluation by the Investment Review Committee, if it is still within these three levels, the investment manager will directly contact the other party. Conduct investment negotiations.
If it is B-level, then in principle you will not lead the investment or hold it for the long term. Generally speaking, you will invest in one round, watch one round, and exit in the third round;
If it is A-level, in principle, we should lead the investment as much as possible. Whether to hold it for a long time depends on the company's subsequent development;
If it is S-level, you must strive to lead the investment and have at least three rounds of financing in hand. If you invested in the first round, you will never consider exiting in the second, third, and fourth rounds.
The projects that can truly be rated as S-level are the top projects.
Boss Ma’s project was rated B grade after several internal debates.
At that time, there was a big internal disagreement over whether to rate A or B.
Some people think that this project in China is just in its infancy and has a lot of room for development. With this advantage, A-level is no problem;
However, some people think that the project founder has insufficient experience, is not from the Internet industry, and his practical ability needs to be tested, so he should be positioned as B-level first.
Later facts proved that Goldman Sachs indeed regarded this project as a B-level project. Around 2003, they sold all their shares in Ali at seven times the investment amount, missing out on hundreds of billions of dollars.
In recent times, Goldman Sachs has not encountered any S-class projects in China.
So she hurried back to her room, turned on her computer, and downloaded the business plan from her mailbox.
The moment she opened the business plan, Lin Xiaru was stunned by the template style of the plan.
She has been investing for so many years and has seen countless business plans made with PPT, but in terms of visual effects, none of them can match this one.
This is not because Xu Yiyang is awesome, but that his aesthetics are at least twenty years ahead of the present. This is like the website interface twenty years from now. Put together with the current website interface, the difference is more than just an era.
Just at this glance, Lin Xiaru felt that the person who made this plan was awesome, quite awesome!
Immediately afterwards, she hurriedly began to read the contents of the plan, becoming more and more frightened!
She had read Boss Ma's plan. Although it mentioned grand concepts such as the future and the world numerous times, the overall feeling was that it was quite satisfactory because it was only a concept without a plan.
Moreover, Boss Ma’s understanding of B2B is not immediately impressive.
This is because Boss Ma’s current understanding of the Internet is indeed not deep enough.
He is not a person born invincible, and in the early stages of starting a business, he made many risky decisions and almost ruined the future of the company several times.
The most serious incident was when he received $5 million in investment from Goldman Sachs and immediately began to engage in globalization with great fanfare. Not only did he open a U.S. office, but the employees in the U.S. office alone had many employees. There are dozens of people, the company's costs are huge, and its capital chain is almost broken.
Later, Boss Ma followed Goldman Sachs, rented a large office area in the best office building in Hong Kong, opened a branch in Hong Kong, and spent hundreds of thousands of dollars in Hong Kong alone.
Boss Ma, who was throwing money at both ends, did not realize that the Internet industry was on the verge of collapse.
When the money was almost spent, the Internet bubble burst in 2000, and Alibaba was almost about to collapse.
At that time, it was Son Zhengyi of Japan’s SoftBank who had a unique vision and made a second investment in Ali, which allowed Ali to survive that cold winter.
Therefore, at this stage, Boss Ma's long speech may be very inflammatory to people who do not understand the Internet, but for people like Lin Xiaru who have been dealing with the Internet for many years, it is obviously much less inflammatory.
Because of this, Lin Xiaru doesn't think very highly of Boss Ma himself. It's just that such a project is in line with Goldman Sachs' strategy at this stage and can be invested. In addition, Cai Chongxin is the matchmaker, so she is interested in investing in a round.
And when she read Xu Yiyang's PPT, she immediately felt that the difference between the two plans was as big as clouds and mud.
She feels that the person who calls himself Jeremy Xu has a greater and clearer grasp of B2B, e-commerce and the pattern of China’s Internet.
No matter how you look at it, it is more admirable and convincing than Boss Ma’s business plan.
Moreover, Jeremy Xu's team is so strong. They are all top Chinese students who graduated from Stanford University, and each of them has a passion for returning to China to start a business. They are absolutely academic, regular and even ace troops.
Secondly, JeremyXu has great control over domestic competitors! Intelligence work is much better than Boss Ma!
Boss Ma hasn't raised funds yet, but Jeremy Xu has already paid attention to him and even bought his company's domain name in advance to prevent him from getting bigger. This makes Lin Xiaru feel like there is always a rabbit behind it. A tiger is watching in the dark!
Just buying the domain name is enough to prove how powerful Jeremy Xu's killing intent is.
This also made her immediately feel that Boss Ma's structure was indeed not enough.
We keep talking about globalization, why don’t you buy the domain name of your company name in advance? And let this JeremyXu buy it
This really confirmed JeremyXu's judgment of him: no money! Everything is waiting for capital transfusion to start.
Finally, she couldn't help but sigh in her heart that Boss Ma's team had such a poor sense of confidentiality!
It’s really too bad!
Otherwise, how could Jeremy Xu have such a clear grasp of his affairs
When he founded the company, how much money he spent together, how many people there are in the team, who are the famous people, and what are the advantages of each person, the other party knows everything.
For example, he knows which school Boss Ma graduated from, knows that he has been to the United States, knows that he lacks Internet knowledge and technical foundation, and also knows that he is very eloquent, but he is suspected of talking on paper;
At the same time, he also knew that Cai Chongxin was from Wall Street, and his resume and qualifications were very good, but he was not rational enough.
Otherwise, he would not have given up his job on Wall Street for such a start-up company. To put it bluntly, this kind of person is abandoning the bright and turning to the dark.
Seeing this, Lin Xiaru had already decided Ali's death sentence in her heart.
With such a powerful competitor behind his back, he not only didn’t know it, but also daydreamed about globalization every day. What was it other than just talking on paper
(End of chapter)