1988: Back to the human world for a few years

Chapter 186 The Third Question

"Uncle Yang, I'm here to bring you something!"

As if she didn't notice that there were other people in the office, Miss Mu smiled, showed the bag in her hand, and walked in leisurely.

Yang Mo, who was dozing with his chin propped up, turned his head to look at the bag, curling his lips in disappointment: "It's cold beef slices again... Miss, if it really doesn't work, why don't you stop wasting your time in the future? Can't we just go out and eat by ourselves when it's time for dinner?"

Miss Mu glared at him unhappily: "What's the matter? I serve you like a maid every day, and you look at my attitude. Am I being sentimental and meddling in other people's business?"

Yang Mo said with a bitter face: "Miss, look at what you said... It's mainly because I have been eating cold slices and steamed buns for three consecutive days. Even if I have an iron stomach, it can't stand it!"

Even though he was a reborn person, like most people in Qilu, Yang Mo was actually not very particular about food. He would not even be dissatisfied if he had to eat steamed buns for a month.

But the problem is...

Everyone's physique is different, so being non-picky about food is based on the premise that the stomach can handle it.

Beef is also called "poor meat" among the people. It is not only lacking in oil and water, but also has coarse fibers.

Even though various beef dishes in later generations are expensive and delicious, if you eat steamed buns with cold beef slices every day, you will get stomach problems in less than a week.

After eating cold beef slices for three days in a row, Yang Mo's stomach has started to cramp. If he continues to eat like this, he is wondering if he needs to go to the hospital for a gastroscopy.

Looking at the bitter face in front of her, Miss Mu didn't understand why this guy had been eating pancakes with pickles in his house for several months without any problem, but now he had such a look of wanting to kill him after just a few meals of cold beef slices. She snorted unhappily, "Whatever you want, as long as you are not afraid of heatstroke, I will take you to a restaurant for hot dishes at noon tomorrow!"

August is probably the hottest time of the year in Qi and Lu, so it is not an exaggeration to say that one might get heatstroke while eating in a cramped restaurant.

But how could Yang Mo care about these things now?

As long as he doesn’t eat cold beef slices with steamed buns every meal, he will accept it even if he gets heatstroke!
While holding the bag, he cunningly turned the cold slices of fat over to the position closest to himself. After a fake greeting, he took the initiative to pick up the slices of fat beef and put them into his mouth.

Ok……

This is the experience he has summed up in the past few days. If you want to feel less uncomfortable in your stomach, you have to eat some fatty meat first.

Seeing his new master's behavior, Bai Mengmeng gave him a middle finger with disdain in his heart... If you don't like cold beef slices, just go out to a restaurant. Why do you have to save face for this woman?
Shit pustules!
Although he thought so in his heart, the smile on the face of a certain young disciple did not change. He first handed a long steamed bun to his master, then diligently prepared a cup of warm water and placed it in front of Yang Mo. Then he brought a stool over, and like a lady from a noble family, he picked up a dry and cold piece from the bag closest to him, put it into his mouth and slowly chewed it.

Seeing Bai Mengmeng's performance, Muliya smiled.

Of course, she had noticed the change in attitude of her little disciple Yang Mo in the past few days, and she also knew that this little girl, who seemed to have a smile in her eyes, was trying hard to leave a good impression on Yang Mo so that she could formally become his disciple.

But...

Little sister, come to think of it, don’t you know your master too little?

With a smile in her heart, Mu Liya put the bitten bun into the bowl, then turned sideways and took out a few documents from her bag and handed them over: "By the way, Yang Mo, this is what Uncle Wang asked me to pass on to you."

Her movements and tone were extremely casual, without any of the ladylike demeanor of "not talking while eating", but neither was there any sense of rushing for time like a strong woman. Instead, it was more like two old friends chatting about family matters at the dinner table.

"Boss Wang asked you to give it to me?"

Yang Mo held the steamed bun in his left hand and took the not-too-thick documents with his right hand, his tone full of surprise.

If what he guessed was correct, the big project on Wang Yinuo's side was still in the process of connection and negotiation. It was not the time for him, a small pawn, to take action, right?

Mu Liya clapped her hands, then picked up a piece of beef and put it in her mouth to chew carefully: "Uncle Wang said that you'd better not make such big moves here, and there's no need to take such steps so quickly. Slow and steady is the best way... Right now, people from the banking system are watching you. If something goes beyond the line and people misunderstand that you want to act on behalf of Tianquan, even if he wants to protect you, he won't be able to do so."

Hearing Mu Liya's serious words, Bai Mengmeng's expression froze and he quickly lowered his head, but his pair of bright eyes were secretly looking at his master in the dark.

Unexpectedly, Yang Mo did not show any nervous expression on his face. Instead, he looked at the red-headed documents in his hand, which were obviously copies, with great interest...

(More than a thousand words deleted here)

………………

After half an hour.

Watching Miss Mu leave leisurely, Bai Mengmeng was absent-mindedly cleaning up the garbage on the table, and suddenly asked: "Master, what you said just now was to comfort Director Mu, or are you really confident that you won't get into trouble?"

Yang Mo glanced at her, then leisurely touched a cigarette and lit it: "Do you think I'm the kind of person who likes to comfort others?"

But in his heart he felt a little sad. Wang Yinuo was indeed a thousand-year-old fox. Although he was only the general manager of a central enterprise, he had a lot of experience in struggle.

Indeed, if we look at the experience of the past decade, when the triangular debt problems of local enterprises are almost resolved, someone will definitely jump out and make a big fuss about the exercise of Tianquan.

But even Wang Yinuo probably wouldn't have thought about the direction of the next few months.

Moreover, as a VC, it is important to judge the scale, and the risk prevention mechanism is even more important... From the beginning to the end, he never thought of turning the surrounding area within dozens of miles into his own business empire like some grassroots heroes.

Besides, his current identity is a formal employee of a central enterprise. Due to policy restrictions, it is meaningless for him to build an open business empire now.

It was obviously impossible for Bai Mengmeng to know all this. Seeing that the master's indifferent expression did not seem fake, he became more curious.

After hesitating for a moment, Bai Mengmeng replaced his cup of tea with another one, and then asked in a low voice: "Master, I think you'd better be careful. If it doesn't work, tell Xia Liu Sales Agency to slow down their progress...Master, you may not have experienced something like this before. Sometimes, words can kill people more cruelly than knives!"

Yang Mo glanced at the worried little apprentice and suddenly smiled: "Xiao Bai, it seems that you are only 20 years old this year? Why do you sound like you have experienced this kind of thing?"

Bai Mengmeng shook his head: "I haven't experienced it, but I have seen it...Tongren is not a stable place. There are many fights with real swords and guns, but there are even more fights with words...Living in the compound over there, it is not a strange thing to find that several neighbors have suddenly moved away when you wake up the next day."

Yang Mo nodded. It was obvious that what the girl meant by "verbal fight" was not just a quarrel as most people thought.

He smiled and said, "Not bad. You have finally shown some attitude towards your master these days... Keep working hard. If you can pass the assessment of your professional ability, maybe I will really accept you as my apprentice."

Bai Mengmeng was stunned: "Master, are you really not worried?"

Yang Mo chuckled twice: "Why should I worry?"

After saying that, he waved his hand and said, "Hurry up and classify and archive the documents, and organize the data that needs to be excerpted and counted... Give them to me together with today's experience before you leave work." Bai Mengmeng's face suddenly fell.

The project materials submitted by Xialiu Sales Agency these days are so numerous that they have to be packed in sacks. The statistical data alone is enough to make people exhausted...not to mention the daily experience report, which is more tiring than writing a 10,000-word essay.

After reluctantly turning around and taking two steps, Bai Mengmeng suddenly turned back: "Master, can you tell me why you didn't take Mr. Wang's kind reminder seriously... I know you and Uncle Zhang don't like him very much, but even if we talk about the matter, Mr. Wang's reminder is also well-intentioned."

Yang Mo tilted his head and looked at the little girl: "Xiao Bai, didn't I tell you not to worry about this? Why do you keep dwelling on this issue?"

Seeing that Yang Mo seemed a little impatient, Bai Mengmeng took a deep breath and said seriously: "Because... I really want to be your apprentice now... I don't want anything to happen to you, Master. If I do that, I will most likely not have the opportunity to learn from you."

Oh?
Hearing these rather straightforward words, Yang Mo touched his chin with interest, looked up and down at this amazingly smart little girl, pondered for a while, and then smiled and said: "So... is this the third question you asked me?"

Bai Mengmeng struggled a little, then gritted his teeth and nodded: "Yes, Master!"

Yang Mo laughed, motioned the girl to close the office door, and then said, "Xiao Bai, have you heard of the term [guidance fund]?"

Guidance fund?

Hearing another unfamiliar word coming out of the master's mouth, Bai Mengmeng, who was not surprised by it, shook his head honestly: "I haven't heard of it."

Yang Mo smiled and said, "It's okay. Once you know what a guidance fund is, what its role is, and how it works, you will understand why I am not worried about this matter at all."

Bai Mengmeng's expression suddenly became serious when he heard this. He quickly took the notebook and sat down obediently beside him...

………………

The name of the guidance fund tells you that it is an imported product.

In fact, it is indeed an incubation model explored by Israel in the 1990s after drawing on some investment and financing mechanisms of the American capital market.

As early as the 1980s and 1990s, Israel's annual scientific and technological innovation achievements were already among the best in the world.

But unlike Silicon Valley, and because there are few venture capital institutions in Israel, only a small proportion of these achievements can be converted into commercial products.

People with ideas couldn't raise the money to realize them, and rich people were unwilling to spend money on a project with an unclear future when they had more options. The entrepreneurial atmosphere was average... This was probably the environment in Israel at the time.

Since there are not so many venture capital institutions and angel investors in the country, it is naturally impossible to pin all hopes on enterprises.

So Igor, then chief scientist of the Israeli Ministry of Industry and Trade, proposed to the government that since the market could not give birth to enough venture capital companies, the government should take the lead in acting as an angel investor.

Therefore, there is an incubation model called "guidance fund" that uses fiscal funds to invest in start-ups.

Facts have proved that whenever the national team takes to the field, the results will not be bad.

In 1993, Israel’s first guidance fund “YOZMA” was established. As soon as it was put into operation, it invested in a large number of startups in the fields of communications, IT, medical technology, etc. Most of these invested companies lived up to expectations, and many of them became internationally renowned and influential star companies in related fields in just a few years.

In fact, investing in a few well-known companies that can generate revenue is nothing. The most remarkable achievement of the guidance fund model is that it has greatly promoted the development of high-tech in Israel. Not only has it set off a wave of mass entrepreneurship and innovation in the country, but it has also attracted many foreign venture capital institutions to rush in to seek gold... This kind of thinking and method of stimulating the vitality of the country's economy from a macro level with a small effort is a priceless treasure.

In fact, our country has not lagged behind the world for too long in this regard.

In 2002, after drawing on Israel's successful experience, the Zhongguancun Management Committee officially established my country's first guidance fund, the "Zhongguancun Venture Capital Guidance Fund". Based on its own positioning needs, it has successively invested in Internet companies such as Baidu, 360, Youku, Xiaomi, and JD.com... Objectively speaking, this guidance fund has made an indelible contribution to China's first wave of Internet entrepreneurship.

Precisely because of the huge value of this model, a few years later, in 2008, the state officially issued a document on the establishment and operation guidance of the guidance fund... In other words, starting from 2008, the state has officially encouraged everyone, especially local authorities, to try this market-oriented operation method.

After all, before the new budget law was introduced in 2014, the government supported local enterprises basically through direct financial subsidies, which was not only quite arbitrary but also prone to confusion. Therefore, the relatively market-oriented incubation model such as the guidance fund is actually more reliable.

………………

Regarding the operation mode of the guidance fund, since it is essentially an angel investor, there is naturally nothing much to say. It is nothing more than investing in any project that it thinks is valuable and has development prospects.

The only difference from ordinary angel investors is that since the guidance fund has a strong administrative color, in addition to the above factors, if your project is complementary to the regional economy and is necessary for existence, it will also invest in you.

Of course, this is just the way the guidance fund is used abroad, and it is also a very basic way of using it. It is very different in China.

Sometimes you have to admit the wisdom of the Chinese people. The four words "Chinese characteristics" may not be a word to be proud of in the eyes of many Chinese people. But in fact, in many places that ordinary people cannot see, these four words reveal a power that makes the Western world uneasy. China has completed the journey that took Western powers hundreds of years in just a few decades, and can become the only giant on the blue planet that can compete with America. The efforts and attempts made in the process are definitely not as insignificant as you think.

Therefore, the debt swap model that Yang Mo had previously developed in Linyi County was essentially a barter model to achieve part of the role of the guidance fund, but its target was not a single enterprise or project.

That is to say...

The incubation object he envisioned was not enterprises or projects, but the county economy of Linyi County, which is mainly based on the rural grassroots economy!

In fact, similar methods were also commonly seen in the guidance funds established in some inland counties in later generations, and were used as a means to integrate industrial resources and tap the potential for industrial development.

Therefore, Wang Yinuo's worries were not wrong in a strict sense, and his actions did have the suspicion of exercising the power of heaven.

But at the same time, Yang Mo is not really worried that this big hat will be put on his head.

the reason is simple……

Although China's domestic guidance funds are basically based on local authorities, the market-oriented operation model of the guidance funds determines that there is a natural complementary relationship between the project initiator and the local authorities, and both sides are indispensable!

Therefore, this is the important reason why the leaders of Linyi County supported him so much in their subjective will.

There are no fools who can enter the system. Even though there is no such thing as a guiding fund at present, there are many slightly similar practices. Otherwise, do you think people really can't see the lethality of this debt swap model?

Of course, the premise of everything is still based on Yang Mo's understanding of advance and retreat.

Therefore, it is very important to decide whether you consider yourself as an LP (limited partner) or a GP (general partner), and how to define the responsibilities and obligations in between...

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PS: I have revised and deleted two versions but both were rejected, so I have to resend it. Let’s leave it at that for now.

(End of this chapter)