My Return to Life

When burning money, it is like a tide rising and turbulent, and when it is receding, it is like a tide ebbing thousands of miles.

In just two days, there is not a single sound left on the market.

The news is basically scattered cleanly.

Almost all the discussions on several topics disappeared at once.

The mobile social chat market, which has been noisy for more than half a month, has suddenly returned to calm.

The focus of attention of the onlookers was also divided by other hot spots of the new students.

Fang Nian, who was at home on vacation, watched a play that was completely different from what he expected.

After the drama ended, Fang Nian politely declined the dinner invitations.

Among them is Neil Shen who came to apply again on business.

After the drama came to an end, the benefits of the influence club were not as direct as the first phase of investment.

It can be said that in the whole drama, no investment institution completely withdrew from the market in the end.

At most, Shen Neil's Sequoia Capital replaced bad investments in a low-key way during the drama.

The second phase of the impact fund’s investment is only in a large number of mergers and cooperations, and more than half of the principal has returned through the primary market, a total of 1.5 billion.

With the remaining 1 billion principal, the value of its investment holdings is expected to reach 10 billion in the next six months in the primary market.

There is an interesting thing here:

Now the value of this part of the shares in the primary market has exceeded 10 billion.

What's interesting - there is no equivalent purchasing power in the primary market.

It is tantamount to saying that it is a separate virtual bubble valuation.

But even so, according to some investment estimation models, the overall floating profit of the second-phase investment is still expected to reach 5 times.

It took exactly 15 days from the investment entry to the end of burning money, and the influence club once again completed the capital operation with super high returns.

Although that part of the shares with a current valuation of more than 10 billion may need to be held for at least half a year, there will be other twists and turns in the middle that will affect the final income;

But Fang Nian's reputation within the influence club skyrocketed again.

It can be said that a word is worth a million dollars.

Because of the ecological integration of mobile games + social networking, the original holdings of the first phase of the Impact Fund were sold at a far more ideal time and price than previously expected.

The time was nearly 3 months earlier than expected, and the price reached 5.7 billion yuan.

Count the previous 2 billion.

Namely: the first-phase investment uses the principal of 1.1 billion in exchange for a total income of about 7.7 billion, which is 7 times the floating profit.

Still that interesting thing:

When the "pig" in the mobile game industry was blown into the sky, Dacheng withdrew a total of about 2 billion yuan of funds on the spot from the 1.1 billion investment in the first phase;

The value of the rest of the holdings totaled as high as 12 billion at that time, but there was a difference of more than 6 billion when they actually withdrew.

However!

At that time, there was no capital institution with the same purchasing power in the primary market, that is, there was no receiver. ①

This is also the biggest difference between valuation and market value, primary market and secondary market:

Valuation is false, as long as there is no receiver, it will turn into a bubble and become worthless at any time;

The market value can be redeemed into real gold and silver at any time. Although bubbles will occur and the value will drop, even if it is delisted, there is still redemption value.

so……

In any case, a total floating profit of 7 times in the first phase of investment is the best ideal result that is unimaginable for influential clubs.

Because in the whole process from the establishment of the influence club to the establishment of the influence fund;

I never thought about playing mid-line, long-term or even lifeline.

Let's put it this way, half-year holdings are relatively scary medium-to-long-term holdings for impact funds.

Capital itself does not produce, nor will it last long.

The impact fund strives to be like the wind and clouds, to go as soon as possible, and never to be greedy.

This is also a characteristic of track investment. The big fish eat the small fish, and the value of the biggest one left in the end will be multiplied!

The follow-up takers are not stupid, no one will do things that don't pay off, especially capital.

So there is that interesting thing.

Of course, the remaining track investment projects managed by the impact fund are all high-quality.

At most, it may take a while in the follow-up, and when it is pushed to the IPO, the value will be magnified many times.

For example, more than half of the relatively well-developed companies in the first phase of the Impact Fund will be listed within five years, with a total market capitalization of around RMB 50 billion.

Another example is Momo, currently the most outstanding in the second phase of the Impact Fund;

Fang Nian clearly remembers the process of his previous life. It landed on NASDAQ at the end of 2014. At that time, the market value was nearly 2.7 billion US dollars, or nearly 18 billion yuan.

With the second phase of the Impact Fund, the current shareholding ratio of Sequoia Capital will be worth almost 9 billion by then.

Of course, Sequoia is bigger, and the second phase of the Impact Fund alone is worth less than 4 billion.

Because, after all, these are the subdivisions that Fang Nian specially selected based on his known judgment of the future situation to form an industry cycle.

Therefore, this will only be a happy game for everyone, and it will only continue to increase Fang Nian's prestige in the capital and financial industry.

certainly……

There will also be unhappiness.

For example, those 'sands' washed out in big waves.

Because the reality is too cruel to them, under the impetus of capital, they are "life and death" in a very short period of time.

Then again, if they have the courage to come back, learn from their mistakes, and persevere, they will be able to win again in a few years.

…………

He is not even interested in the steady development of the Influence Club according to his established plan. Fang Nian obviously has more important things to do.

That is--

The first anniversary of engagement with Lu Weiyu.

On August 5th, 2010, Fang Nian and Lu Weiyu got engaged according to the customs of both parties under the arrangement of their parents.

In two more days it will be August 5, 2011.

Fang Nian would never forget such an important day.

In fact, as early as more than a month ago, Fang Nian quietly started preparations, and it was rare to use his own bank card for consumption.

After all, since 2011, Fang Nian, who loves to eat soft food most in his life, has used Lu Weiyu’s secondary salary card for daily consumption.

For other relatively large consumptions, Fang Nian used the joint bank card that he and Lu Weiyu had handled at ICBC.

As for Fang Nian's own personal bank card, it was so dusty that he almost forgot the password.

Whether it was Lu Weiyu's supplementary salary card, a co-branded bank card, or Fang Nian's personal bank card, they were all in Fang Nian's hands, and Lu Weiyu didn't even touch them, let alone ask where the money was spent.

In other words, Fang Nian is just a little boy who eats soft rice, and has nothing to do with bronchitis.

Fang Nian flipped through his phone, muttering: "It's a coincidence, the next day is Qixi Festival."

"This is a test for an innocent young man like me who can't fall in love!"

"What if Senior Sister Lu, who has gradually begun to demand the quality of life, despises me for being shabby?"

"Sigh, I should have learned to be a scumbag before being reborn."

"..."

"..."

①: The description of the whole process may not be in place, but it can be assisted by an example that is happening in reality: Bitcoin, the total amount is only more than 18 million, and the price of a single coin is speculated by contract transactions within ten days twice as high, the actual transaction volume is not high;

The whole process is actually very simple. The valuation of mobile social enterprises has been constantly inflated due to mergers and acquisitions and burning money. Although the valuation is accepted by default in the primary market, investors in the primary market will not take real money... …

PS: In the future, there should be two consecutive updates and two consecutive defenses~ This is also a more acceptable method for everyone, and I still have to say that there is no need to re-subscribe, etc.