Rebirth 2010: I taught Mr. Lei how to make a mobile phone

Chapter 651: Feast of Wealth
Although Xiaomi's road to listing was full of twists and turns, it finally succeeded.

Going public is the most important milestone for a company. From its founding to its listing, Xiaomi has grown into a technology giant with a revenue of 100 billion yuan and a market value of 70 billion US dollars in just five years. This is an extremely rare story in the business history of China and even the world.

Its successful listing not only made Lei Jun’s entrepreneurial legend a success, but also created a wealth feast in the capital market.

Early-stage investment institutions such as Morningside Venture Capital, Qiming Venture Partners, and Shunwei Capital have reaped rich rewards.

Among them, Morningside Capital's early investment of US$500 million achieved an astonishing 300-fold return in five years, and ultimately earned 93 billion yuan in profits. This investment myth of "tripling on average every year" is enough to be recorded in the history of venture capital.

In this capital feast, the biggest winner is Chen Mo - this low-key investor, through early layout and continuous follow-up investment, eventually holds 16% of Xiaomi's shares and creates a wealth legend of hundreds of billions of yuan.

In addition to the huge returns received by venture capital institutions and major shareholders, Xiaomi's IPO also had a significant impact on many people and was a wealth-making movement in the Internet age.

Among Xiaomi's 7000 shareholding employees, dozens of billionaires and thousands of multi-millionaires have been born, becoming another wealth-creating myth in China's Internet after Baidu and Alibaba.

That night, at the Xiaomi celebration banquet held at the Four Seasons Hotel, there were clinking glasses.

Liu Qin of Morningside Capital held a wine glass and moved closer to Chen Mo with a flushed face, insisting on taking a photo with him.

Soon, Qiming Venture Partners' Tong Shihao came over with a glass of champagne in his hand. "Mr. Mo~"

He said with regret, "If I had bet ten million instead of one million, how could Liu Qin show off in front of me now?" The glasses collided with each other, making a crisp sound. "But to be honest, you are the one with the sharpest vision. If there are any projects in the future, you have to take me to play. I have nothing to say, I will invest in whatever you point to~"

Chen Mo swirled the red wine in his glass, and raised the corners of his lips slightly: "Brother Tong, you are too polite."

"Okay, keep in touch. No matter whether you have time or not, remember to say hello to me when you come to Shanghai~"

Tong Shihao caught a glimpse of more guests arriving, so he tactfully left the scene and looked at Chen Mo, who was surrounded by the crowd not far away, and sighed with every sip of wine.

He watched this little brother grow up step by step, and it was fast. Too fast in fact.

Not to mention the other side, just the fact that Chen Mo directly or indirectly holds 16% of Xiaomi's shares has brought him considerable wealth of hundreds of billions this time.

According to him, Chen Mo, as an original shareholder, participated in the investment in the early stages of Xiaomi. He made various follow-up investments in the middle and late stages to ensure that the shares were not diluted, and invested countless billions. Although Liu Qin's return on investment was 300 times, if we talk about who made the most money in this capital feast, apart from Lei Jun, it must be Chen Mo.

As for Chen Mo, he has a habit of drinking since he became rich. No matter what kind of wine it is, the standard for how much he drinks is: first, the person, and second, the closeness of their relationship.

A nodding acquaintance is just a passing acquaintance; a casual acquaintance is just a passing acquaintance; an ordinary friend is just a sip;
At the annual meeting, when drinking with executives and employees from the other side, he was only slightly tipsy.

Only with a few people like Lei Jun, Sun Ziwei, Leng Ning, Qi Mengmeng, etc., can he let go at will.

For example, Tong Shihao mentioned earlier, was helped by him when he first became successful, so he drank the wine with sincerity.

At this moment, Chen Mo was clinking glasses with his former colleague Yan Jin and took the second sip.

Yan Jing, the former technology expert of Shanghe, followed Chen Mo all the way to Xiaomi.

When Chen Mo founded Bi'an, he considered his family's advice and chose to stay. Now he is the senior technical director of Xiaomi, in charge of the development of the miOS system. Financial independence will not be a problem from now on. By the way, Jin Fan is his deputy.

Chen Mo took a sip and said earnestly, "miOS must proceed steadily and avoid being too eager for quick success. User experience always comes first, and advertising placement must be eliminated. In addition, Jin Fan has the ability but tends to be aggressive, so you should keep a close eye on him."

"I understand, boss!" Yan Jin nodded solemnly, then drank the wine in the glass in one gulp. After all, without the man in front of him, he would not be where he is today.

Suddenly, Chen Mo caught a glimpse of a figure wandering behind the pillar. When he looked closely, he found that it was the "Little Sister Guan" from that year - Guan Yingzhi.

When we first met, she was still a young girl working at the front desk of Xiaomi; now, she is a human resources director with equity and a net worth of nearly 100 million yuan.

When Xiaomi subscribed for shares internally for the only time in 2010, this 26-year-old girl resolutely took out all her savings of 10 yuan, which was more generous than other male employees. Chen Mo jokingly called it "dowry money."

I remember she said with a smile: "I choose to marry Xiaomi." At that time, there was still more than half a year before the release of Xiaomi X1, and the future was uncertain.

This reminded him of another legendary receptionist, Tong Wenhong of Alibaba, who wanted to leave the company with a monthly salary of 500 yuan, far below the market average, but was retained by Ma and given 0.2% of the shares.

She is now the COO of Cainiao Network. After Alibaba went public last year, her net worth reached US$3.2 million.

Seeing Guan Yingzhi hesitant to speak, she was completely different from the decisive "Little Sister Guan" in my memory.

Chen Mo took the initiative to raise his glass and walked forward: "Isn't this our little sister Guan? When did you become so reserved?"

"Mr. Mo, I toast to you." Guan Yingzhi quickly raised his glass.

"Is the dowry generous enough now?" Chen Mo winked mischievously.

Guan Yingzhi's ears turned red instantly. She didn't expect that Chen Mo still remembered the joke from so many years ago.

"I found a lot," she stammered in response.

Chen Mo laughed heartily and raised his glass to say: "Work hard at Xiaomi!" After that, he drank the remaining wine in the glass.

After the dinner.

Chen Mo returned to the suite, loosened his tie, and just as he opened his email, Lei Jun followed him in with a cup of strong tea in his hand.

"To help you get rid of the hangover." Lei Jun put the tea on the table.

"So kind? I only drank half a glass of red wine, so it's not necessary."

"Then, before you forget about the Xiaomi Smart Home you mentioned at the press conference, come up with a directional plan."

With Chen Mo's violent temper, no one, except me, can force him to work overtime.

"You want me, a billionaire with hundreds of billions, to write a proposal in the middle of the night?" Chen Mo raised his eyebrows, his face full of defiant.

The next moment, he unbuttoned the top button of his shirt, put his hands on the keyboard, and said with a smile, "Yes, the capitalists have the final say."

There is no way. Xiaomi really gave too much, it’s hundreds of billions.

Not to mention one plan, even if it was three plans that took all night, Chen Mo wouldn't complain at all.

Lei Jun was not idle either. He turned on his computer and tapped on the keyboard. This was a letter to all Xiaomi employees. The title read: "The Revolution Has Not Yet Succeeded."

One hour later, at around 1 o'clock in the evening, some Xiaomi employees who had not rested saw the letter.

“.Students, although the stock price has fallen below the issue price and has not met expectations, and various voices have emerged in the market, these are things we must experience and face.

However, pain and storms are something that must be experienced, both for companies and individuals. Only by experiencing these can we become stronger and hone enough wisdom and courage to face future challenges.

These are invaluable experiences in our growth process.

As Stefan Zweig said in "The World of Yesterday": "After all, every shadow is the child of light, and only those who have experienced light and darkness, peace and war, prosperity and decline can be said to have truly lived."

I want to encourage you with these words. We have reached a milestone. We will make some adjustments and start again. We are always on the road! "

(End of this chapter)