"How many brushes have I bought? Directly brush to the first, this arrogance is close to us, we don't know if Apple doesn't accept it. "

"Cow! What a cow! Grab the limelight of "this Kung Fu thief sneak", the original one is forced to change its name directly! Why don't you change your name, too? How about this thief

This kind of bullshit makes Chuyuan Xi want to laugh, because even if there are dozens or hundreds of stars, what's the impact on the score? More than 1000 five stars and a larger number of four stars are enough to submerge this kind of sour sauce. Lu Yu doesn't need to contact the Navy control and evaluation, which doesn't affect his mood at all.

Therefore, Chu Yuanxi is still in the mood to communicate with Lu Yu, mainly by seconding Feng Xueling. Although Feng Xueling's food search video is not particularly popular after it is put on the Internet, because it always maintains continuous content output, and food is the first weapon to attack the Internet, Feng Xueling has a high face value, so the lower limit itself is not much lower.

Her video was exported through the YouTube channel set up by Monica in late September. In a little more than a month, with the guidance of Monica, she has gained more than 300000 fans.

This speed is not bad, and it has shown a trend to be popular, because it's difficult to input so many subscriptions on YouTube only by guiding quantity, and the key is that there are so many YouTube fans in Ba people's overseas matrix. Of course, this doesn't count Monica's personal account, and it shouldn't be.

So natural powder absorption is definitely the main part.

What's not ideal is that there are no big hit videos, and the most popular ones are millions, not tens of millions, so I'm sorry to call myself YouTube.

But Feng Xueling's relationship lies in Ba Ren information. In the next stage, if Zhao Jie starts to work in the U.S. market, Feng Xueling can play a very good auxiliary effect, but she needs to transfer all her energy to the promotion of the game, so she has to be officially seconded.

Chu Yuan Xi personally interview, Lu Yu is unable to resist, only to be submissive. But this can definitely be regarded as a loss for Ba people's information. In this spirit, Lu Yu said, "Mr. Chu, do you think you can do me a little favor?"

"What a little favor?" Chuyuan suddenly felt that Lu Yu's request was not simple.

"That's what. Your suggestion on robots making videos is particularly good. Now it's the main output force of my company, and it's generally popular. The average playback and likes are obviously high..."

Chuyuan Xixin said, isn't that right? The robot is so obedient, and it can walk with electricity, and it doesn't even have to work in 24 hours. If you want to change it into an artist, you can't have a sudden death after strenuous exercise in the middle of the night?

Lu Yu continued: "but we robots only pay attention to practicality and special needs, there are no stars and big brands."

"What do you mean?"

"Can you buy a Boston power dog?"

"Hiss..." Chuyuan Xixin said that your request is tricky enough! Boston power has been pre selling spot since September 24 this year, and vice president of Commerce Mike Perry said that the annual production in 2019 will be 100.

This number has deterred customers all over the world, and then he immediately added that the output can be increased to 1000 by 2020, which makes people have to doubt whether their robot dog is purely manual, otherwise why is it so difficult to give birth? It's harder to give birth than Nezha.

Some people even find that there are too many people in front of them after queuing up. They can't wait to suggest that Boston power should change to auction? This is a scarce resource, and the auction is also acknowledged.

To tell you the truth, this proposal is actually quite feasible. At least those who play we media all over the world will go crazy. But the American people are so rigid that they don't take such good advice.

Chu Yuan Xi squints at Lu Yu and says that if he can put forward this demand, doesn't he already know who Elizabeth is? Otherwise, how dare you make such excessive demands?

"I can only help you to ask, but if you really get the power dog, what do you want? And you have to know that now the most popular is not the robot dog, but the robot warrior

"That's special effects video, ok..."

In fact, Lu Yu is very greedy for robot fighters. It's really shocking. No matter how much interference with fists and kicks, robot combat can accurately identify the target. It's not that the target is determined not to fight, but that the target can be hit accurately. It's a nightmare for human soldiers to go to war on a large scale.

As a result, others later told him that it was just a special effects video, and there was no such robot at all, which was quite sour.

Chuyuanxi said, "it's a special video, but the atlas robot in Boston can already do gymnastics, you know? Turning 360 degrees in place, somersaulting and handstand, carp straightening, all of these can be done. Is it far to evolve into a robot warrior? Let's talk about what you want the power dog to do first. "

Back to Chu Yuanxi's question, Lu Yu thought: "it's better to mention some of our special needs, such as selling cute, helping the host to take things and deliver things. I'm going to make a video of power dog and real dog together, focusing on imitating the real and confusing the fake with the real. I think sister Zhu's Lado is good. ""I'm afraid that when the American people say that this is a high-tech product and impose an embargo on us, it will appear that we are particularly retarded, you know?"

Chuyuanxi had to admit that Boston power dog was very powerful in mechanics and dynamics, which was still inferior in China. But from the perspective of robots, it seems that neither spot nor atlas can catch up. Otherwise, Google had no reason to regard Boston power as a chicken's rib and then dump it on Sun Dasheng.

When Chu Yuanxi and Lu Yu are chatting, there are two men in Zheng De's headquarters in Sanlitun. One was Yuan Jing, and the other was Wang Jiapeng, whom yuan Mu had planned to lead as a consultant.

Jiapeng tuoyu has gone through bankruptcy liquidation. While getting rid of all the economic burden, Wang Jiapeng has to enter a period of personal stagnation. According to the national law, the entrepreneur can not be the senior manager of any company within three years from the completion of the liquidation.

Some entrepreneurs will use this time to recharge their batteries and go to school, but Wang Jiapeng plans to apply for a job at Zhengde fund. Instead of being an executive, he can do business. Although this intention is surprising, Yuan Jing, as an entrepreneur who was almost successful and died in the big environment, had to consider it carefully.

Although the other party has just let their early investment of 10 million go by the wayside, the field of early childhood education is still recognized as one of the most attractive fields for investors in China. It has a strong ability to make money and a large market. Especially in the first and second tier cities, it's basically just a need. Moreover, it's a threshold to enter the market. Not everyone can do it.

At present, the only problem is Wang Jiapeng's problem. The economy is very cold. In the cold winter, many new demands become less rigid. Some users really have no money, and some other reasons. In a word, the unit price of customers must drop sharply, seriously embezzle profits, and even change the valuation model. But when the winter is over? Therefore, it is a matter that needs to be seriously considered for investment institutions above the designated size to have an expert in this field to make investment, no matter whether the expert has just gone bankrupt or not.

Entrepreneurs with rich entrepreneurial experience jump to the opposite side to make investment. There are not too many successful precedents, so Wang Jiapeng is very calm. He knew that Yuan Mu intended to introduce him to Xiaokang as a consultant, and that he was rejected by the president of Xiaokang, so it was easy to talk about Xiaokang.

Chu Yuanxi has seen the situation of family and friends' education, and he has never seen a well-off life. But every time he thinks about the happiness of a well-off life, his heart is filled with strong reluctance.

Therefore, he found an opportunity to immediately ask his reluctance: "Mr. Yuan, I just don't understand why he didn't sign any bets when financing Xiaokang? It seems that all of you investors didn't mention this request. What's the matter? Is there any secret here? "

Gambling is undoubtedly the death knell of trend family friend tuoyu. If there is no gambling, he can stop running at many nodes, but the gambling agreement forces him to rush to the end of bankruptcy as soon as possible.

If investors make a bet and the entrepreneurs don't agree to it, it's not impossible for them to conduct a round of financing after negotiation. There are plenty of such financing after four or five years of retrogression. But even this process has been quite rare this year, because in the deep economic cold, some entrepreneurs are willing to sign even unlimited joint and several liability.

However, the investment of Xiaokang is that no one has ever proposed gambling, and it is two rounds of financing, with hundreds of millions. This is too incomprehensible. In fact, there is a third round, but in the third round, Ba people undertook the a + of $financing. Investors know this, but outsiders don't.

"Secret is certainly no secret, no one is a tacit understanding of gambling." Yuan Jing pressed the frame, which usually means that he was embarrassed.

Wang Jiapeng didn't understand it at all, so he had to make it clear: "for example, I hope Chu Yuanxi doesn't propose gambling, and I won't participate in it. He signed such a high bet when he was financing for Ba Ren group, and it was all finished in one year. We lost a lot, you know? Last year, if I knew that he could finish it and it was so easy, I would not agree with anything when he offered to gamble. "

In fact, the more practical situation is that except for Xu Xin and Hu Shiheng, who are invited by Chuyuan Xi, other investors know that it is not easy to invest. Next to them is the Ba people group holding a lot of cash to show their muscles as a nuclear deterrent. Anyone who doesn't want to invest can say clearly.

"Tell me about you, Jiapeng. Which field of business do you want to do?"

"Before, I still wanted to do early childhood education industry, but recently I have a very different idea." Before Wang Jiapeng came here, he had already had a comprehensive thinking. It can be said that comprehensive thinking is exactly what he thinks he has advantages.

"What? Investment in adult online education

Yuan Jing's thinking is very normal. Adult online education and early childhood education face to face are just two extremes. Unexpectedly, Wang Jiapeng lost his smile: "is there any difference between education and insurance? It doesn't matter whether the user can use it or can't use it The essence of adult online education is anti intelligence. If it's difficult, no one will do it. If it's not difficult, it's useless. "

"And you?"

Yuan Jing looks at Wang Jiapeng puzzled. Wang Jiapeng is also looking at him. Zheng De's growth history flashed quickly in Wang Jiapeng's mind.In his eyes, Yuan Jing is a European emperor, and Zheng De's development is a miracle.

China's local pevc organization was established in a blowout around 2000. 1999 is known as the first year of China's venture capital, because it is said that the gem will come out. Later, in the first year, it became resentment, and this "soon" was 10 years faster.

Then I went through the five year old bear of big a shares, which was also the first winter of pevc. At that time, the entrepreneurial environment was not as mature as it is now, but the whole venture capital industry has been closely linked with the Internet industry, among which those who can effectively rely on the help of investors soon rushed to the front row.

Baidu is a typical representative and benchmark. It won $1.5 million investment from IDG in 2002 and finally became one of the top three bat companies.

's local investment fund faced a very embarrassed problem in the past era: how to quit? The access system of a shares makes it difficult for real start-ups to enter the market. The last link can't get through, and the whole logic is wrong. It was not until 2004 and 2005 that there were two major events in big a shares that the dawn appeared.

In 2004, the SME board was established; in 2005, the share reform.

Of course, all this has nothing to do with Zhengde. Zhengde fund was established in 2006 and started as a trust. But it's also relevant, because if Zheng de had been established a few years earlier, he might have knelt down. In that ancient barbaric era, the venture capitalists who were killed by the waves of the times were unknown, and the ones who could survive were heroes.

Even so, Zheng De, a small fund born and bred in that era, had little sense of existence, because around 2005, the $fund had begun to enter the market on a large scale. There are tigers fund, sun Dasheng and other outsiders; there are also exotic Sequoia; and also take the $directly transformed into local venture capital. Gao Ling is a start-up fund started at Yale University. Xu Xin, the main investor of Xiaokang, was called the queen of investment in that age. He left his old family and founded the contemporary capital group.

Recently, Xu Xin has been in the spotlight in the IPO market for a while. Among the three big snack consumers, he has won two bets, three mice have been listed, and liangpin shop will also be IPO soon. This year's best investors are probably in the top three.

With so many foreign monks and local Big Macs, how difficult is it for Zheng De's small arms and legs to advance?

It's not difficult, because the gem, which started in 1999, finally opened in 2009. As long as any small fund can get a listed project, it can immediately change itself and rise to a higher level.

So all we need is Eurogas.

When Zheng de was founded in 2006, it was only the yuan family that had some money in their hands, so they decided to do something big together. At that time, Yuan Mu was only 19 years old and still studying abroad. Yuan Jing is 32 years old. He came back from studying abroad and drank a lot of foreign ink. He has the working experience of American investment bank. He is the best player in the yuan family. Therefore, he was entrusted by his father.

As a result, a year later, there was a big change in the company. The yuan family lost the leading position. Yuan jinglinwei was appointed to take charge of the fund which had just set sail. Then he put the treasure on the start-up enterprise which seemed to have no hope at that time. Zheng De also gradually transformed from a trust to a pevc organization.

The so-called VC is the early stage of venture capital, relying on racking the head and throwing money, while PE means to look at the financial indicators of investment, relatively speaking, the investment is relatively mature enterprises. When Yuan Jing was in the top position, no one in the yuan family coveted the position of president, and even many people accused him of making a hasty decision. However, the investment industry has an important feature -

LP, a limited partner, only needs money and is responsible for paying. Although GP is called an ordinary partner, it actually has to manage the fund and has high requirements for qualification. Whether there is performance reputation, whether there is sufficient concentration, whether there are unique skills, and so on. If there are none of these, at least there must be work experience and education, which are beyond the reach of the yuan family who only have cash.

As a result, it was only three years since Yuan jingouhuang was attached to the company. Some of the early invested companies just met the listing standards. It took three years for many projects to mature from fundraising. However, the gem just opened. Therefore, the local venture capital enterprises have welcomed the first large-scale explosive growth. Zheng de has invested dozens of enterprises. The first two waves of the company launched into the network technology, competition for intelligent and blue cursor.

It's not just Zheng De, but many pevc's. The Myth of overnight wealth spreads all over the river. If you don't participate in PE, it's time to fall behind.

That era is abnormal, all the rich people are crazy, with the sound of the Gong of gem, countless PE funds are gathered to chase pre_ IPO projects. The local venture capitalists have been working hard for many years until finally, and then find a big trough. The market ecosystem suddenly changed. What value investment is not worth investing?

Soon, the GP lost the right to decide what to invest, and the power to invest was taken away by the LP, that is, the investors. The work of the GP became fundraising, and the ability to find money became the only indicator to measure the private equity. Then, from the perspective of LP's investment, of course, they don't consider the growth of enterprises. IPO is the only standard. The projects with annual net profit of more than 30 million in the market are chased by the rich PE Institutions.But pre_ IPO such a good thing is certainly scarce resources, so the relationship and contacts become the first priority, rather than the professionalism of investment. This is the inevitable outcome of more companies than less companies. The downward transmission result is that the valuation of the companies to be listed has gone up by leaps and bounds, even reaching 20 times of P / E ratio before listing, but the institutions still need to grab the share.

At that time, because of Yuan Jing's rash decision in 2007, Zheng de made a lot of money after 2009. The return on investment of a single project is ten times that of a pig standing on the wind. Moreover, with the continuous expansion of the growth enterprise market, more and more enterprises have invested in the past three years. Zheng de has gradually mixed into the circle of medium-sized funds within the scope of Guochao. When he launched the fund-raising, he was sure of the scale of 2.3 billion.

But at this time he counseled, others greedy, I fear, this counsellor, counselled out the essence of the European emperor.