Chapter 226 Power Law - Back to 18, I became rich by spending money
"I understand Mr. He's thoughts. I'm sure Sister Man has told you that if you were my general manager, I could give you full freedom and decision-making power. Normally, if you start a company, you'd manage it yourself. But since I'm not interested in that and I'm not good at it, I'm willing to invest, but I need someone to manage it.
I have my own business, and setting up a company is a natural progression. Under these circumstances, my initial thought was that I needed a general manager who could help me with miscellaneous matters. Mr. Fan is a bit conservative, but if I don't want to expand, he's the best candidate. What do you think?"
This was Wen Yan's original idea. She didn't have too much ambition. As long as her money was not spent, she only needed a general who could defend the status quo.
Wen Yan's words were very clear, and He Chao naturally understood. "If that's the case, why are you willing to see me? I'm sure Mr. Luo has told you what I think."
Wen Yan smiled, picked up the milk tea in her hand and took a sip. "Before that, do you want to answer a question for me? My company is small, and Mr. He is well-known in the venture capital circle. I don't think my small company can really attract talents like you."
He Chao's profession makes him dislike being constrained, and the free environment abroad also makes his personality more casual. Wen Yan's question can be said to have touched upon the key point.
Given the size of Yanhua, a company that was established not long ago, any senior financial expert who thinks he is extraordinary may not look down on it.
This is also the reason why Roman has never been able to find a suitable person. Even if he found someone like Fan Ming, he would come with the mentality of retirement.
"I'm very curious about the mastermind behind Yanhua. You know, since I'm going back to China to develop my career, I definitely need to do some research on the market so that I can use it as a token of my loyalty and be valued. However, during this research, I found something very interesting: among the companies I listed with the highest development potential, they all have the same name.
This made me curious about Yanhua. After all, someone who has the same vision as me must be extraordinary in this aspect. After all, I am sure and certain that the future development prospects of the several companies I found will definitely not be bad. Since I am curious, then when I received Mr. Luo's invitation, I naturally accepted the invitation and went.
Later, during a conversation with Mr. Luo, I learned that these projects were directly finalized by you, Mr. Wen. I don't think you can accurately select the decision-makers of these companies. You just invest in them randomly. So when you say that you are not interested in this and are not good at it, it seems even more like a joke."
If the Miss Wen in front of him was a fool, would she still be alive? Although it was unbelievable considering her age, it was indeed the case. Roman would never lie to give Wen Yan a false reputation, so the possibility that he couldn't believe was actually the fact.
Wen Yan really didn't expect that the reason would be like this. What could she say, these were all memories of her previous life?
So instead of this, it’s better to let him misunderstand.
I felt very embarrassed, but I still kept a calm smile on my face.
"Everyone has some hobbies, right? It's just that my main job isn't that. People are always willful, aren't they? Only with passion can there be persistence. As for my company, to be precise, I haven't decided what its future path will be. Fan Ming's ability is insufficient, but his greatest strength is conservatism.
Similarly, Mr. He is very capable, but how do I know that you are capable enough to make me change my mind?
Wen Yan's doubts are reasonable. In fact, if he were Wen Yan, he would make the same choice as her, because he himself does not have the time. In this case, he must find a suitable manager. Venture capital is a risky industry, and this is a gamble.
He Chao adjusted his glasses. He had been questioned countless times along the way, but he was bound to be the winner in the end. This was the confidence of a genius.
"Mr. Wen, I can confidently tell you that my track record is among the best in the venture capital circle. The return rate on the projects I've handled has reached 23%. During my working years, I've captured two unicorns, and the others have also had their own returns. My confidence comes entirely from my own strength.
You also know that most investments made by venture capital firms will fail. A successful investment must bring returns of dozens or even hundreds of times in order to make up for the losses and make money.
Therefore, for venture capital firms, how big a company can grow in the future is far more important than how much money it can make now.
Venture capital firms don't expect dividends from companies, and they can accept short-term losses. They even support companies incurring losses in exchange for market scale, hoping to grow them into giants in the future and generate sufficient returns for themselves.
"The first investment I personally negotiated within the first two years of my career has now reached tens of billions of yuan, making it one of my most successful cases. And I only invested $5 million at the time. Venture capital firms are inherently risky, but I'm confident that if they choose me, Yanhua will definitely have a place in the future of domestic venture capital firms."
The so-called arrogance of a genius comes from the genius's extremely high IQ. Wen Yan has always known that there are many geniuses in this world. There are always people better than people, and there are always things better than things. He Chao's past also proves this, but this does not mean that it can get her full trust.
As everyone knows, Sequoia Capital is one of the most successful venture capital institutions in the world. Behind the well-known multinational giants, there is Sequoia Capital. However, among the more than 300 startups it has invested in over the past decade, only 17 of them have eventually grown into unicorns, accounting for only 5.5%.
This is already an outstanding achievement. For example, among the 808 companies invested by a certain early-stage incubator during the same period, only 0.7% were able to grow into unicorns like Airbnb.
She wasn't a qualified capitalist, but she understood one thing: money moved people. She also understood another: relationships based on interests were the most stable of all relationships.
After thinking for a long time, He Chao did not disturb her.
After Wen Yan finished the milk tea in his cup again, He Chao suddenly spoke up and said something completely unrelated to the topic.
"Do you need me to refill your milk tea?"
Wen Yan was stunned for a moment, then smiled and refused, "No, the milk tea today exceeds the limit, thank you."
She thought it through.
The "power law" applies to investing. If she loses, she won't lose much, right? So, let's gamble and claim that 20%.
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