Chapter 404 The Overlord takes the bow

Ping An's classmate was more anxious than Han Lie expected, and he didn't even try to hide it.

The actor Lie was slowly flipping through the catalog, explaining and offering various opinions on his own initiative.

He doesn't look like Party A's father holding Shang Fang's sword at all, but...a big liar?

On the contrary, Han Lie sat firmly on the Diaoyutai and took his time.

It's a complete reversal of subject and object.

However, this matter cannot be viewed from God’s perspective.

In essence, Yu Ping'an and Han Lie each provide each other with the resources they possess, forming a complementary cooperation. Their value judgments are not only affected by the times, but also by their respective cognitive levels.

In Yu Pingan's view, the value of the quantitative strategies that Han Lie can provide is far greater than the project information he provides.

Entrepreneurship projects across China have been wiped out. Hundreds of thousands of companies are born and destroyed every year. How many unicorn-level companies have been born over the years?

Angel investing tests not only your eyesight, but more importantly, your luck.

Normally, if one company emerges out of hundreds of the same type, it is considered a success, and the rate of return is very generous.

Yu Pingan did not hide this when he was doing science popularization.

"Li Shen, I have listed the hottest tracks for you this year. The number one one is e-commerce, and so far 86 investments worth more than one million yuan have been made.

Ranking second was mobile Internet, with 70 transactions.

Ranked third is financial services. I highly recommend this field and it will definitely explode in the next few years.

Followed closely by online education and medical care, but Internet + medical care has to deal with Chaoshan Gang, and my father has handled relatively few projects.

Overall, the projects I listed for you all have merit. At the very least, their founders are people who want to do serious things, not liars. This can reduce 95% of your troubles.

However, for start-up companies, which are fragile egg-level companies, not one of the 100 companies that you invest in may be able to succeed. I suggest you try to start with Series B and Series C.

The 20 companies in the front of the directory are basically young companies that have received Series B financing. They are a bit expensive, but the security is relatively high. As long as you can ensure the perfection of the exit mechanism and put in some effort to keep an eye on them, even if you can't make any money.

You won’t lose too much…”

You've lost your mind, old man!

Han Lie felt Yu Ping'an's sincerity, but when he saw the neatly written lines on the project introduction, he couldn't help but shake his head.

——ByteDance has a financing target of 100 million yuan and a total valuation of 500 million yuan.

Gee, you call this expensive?!

Compared with its seed round and A round, the current price of ByteDance has indeed increased a lot, but think about the situation when Tik Tok swept the world...it's expensive!

Forget it, forget about mundane things, I'm not interested in money.

In fact, it doesn't matter at all how high the market value of Byte will be in the future.

What Han Lie really values ​​​​is its influence.

BAT cannot enter. Pinxixi is just an e-commerce platform focusing on sinking the market. Didi is dead, and Meituan’s attributes are there.

The only Internet company that can be said to have strong influence is the sudden rise of Byte.

Han Lie can make money from other places.

Everything else he wants, only Byte can provide.

If it were possible to get the 100 million yuan in round B, Han Lie would even be willing to eat it all.

Um, it's just like a dream, don't think about it.

It's better to have a more pragmatic goal - 25 million, 5% of the shares. If you achieve it, you will win.

Han Lie tried his best to hide his interest in Byte and asked from the beginning.

Meituan, Jiuxian.com, Pocket Shopping, Mogujie, Ele.me, Dunhuang.com, Community 001, Palm Huitong, Qiandaibao, Qufenqi, Magic City Bank Information...

The first 20 projects are all famous companies that have left their names in history.

The bytes are mixed in and are not particularly conspicuous.

"Why is Meituan listed here? This kind of project should not be leaked to the outside world, right?"

Han Lie deliberately asked the most valuable Meituan and opened up the situation with small talk.

Yu Pingan shook his head: "That's just for chatting with you and bragging. Their C round is in the final stage. With 300 million yuan, you can get about 8% of the shares. Three institutions will share it. My old man Yunfeng is not willing to

Of course I won’t recommend you to join the investment.”

In Han Lie's understanding, if you invest in Meituan now, the rate of return is quite high, but Yu Ping'an doesn't seem to think so?

Yu Pingan smiled.

“The first thing you have to consider is whether you can get it, the second thing you have to consider is how much it will cost, the third thing you have to consider is its competitors, and the fourth thing you have to consider is the profit expectations... In short, it’s not a project worth grabbing.

"

Han Lie finally understood - he was a reborn person, and he habitually analyzed problems from God's perspective, and all he saw were benefits.

What about normal people?

What I saw was the many dangers in the mysterious fog.

Therefore, they will make every decision carefully and try their best to balance the risks and benefits.

Han Lie was not on the same channel as them at all, and their thoughts were too different.

Come on, don’t act and just ask Byte directly!

"What's going on with ByteDance? I really like their joke product, doesn't Mr. Yu want to invest in it?"

"Bytes?"

Yu Ping'an thought for a while and replied uncertainly: "The money they got for Series B was DST, right? Maozi's venture capital fund.

This company is currently not in the eyes of mainstream, joke and news websites. Don’t you think their thinking is strange?

Of course, to survive in the cracks of BAT, you can only find another way.

However, the prospects are therefore limited, and there is nothing we can do about it.

And you may not have noticed Lieshen, but the hidden policy risks of Duanzi’s product are actually very high, much higher than other Internet products we know.

Scratching the yellow, this is human nature, there is nothing to mention, various Internet products have similar problems.

Due to the core tone of its product, Duanzi is particularly serious and cannot be controlled.

The bigger problem is that there is too much violence on the Internet now. Netizens always make jokes to target the government and policies. Most of the time they are deliberately distorting or just pretending to understand. The beautiful sons of the famous green frog fish in troubled waters. This kind of trend is not good.

My personal judgment is that this product has huge inherent flaws and may not survive for long.

If it's not popular, it's okay, you can still enclose the territory and grow. But if it is really popular, there will be no buffer. The more popular it is, the faster it will die.

Therefore, although Zhang Yiming's two products have produced good daily activity data, Byte's valuation has not increased. There are actually internal reasons.

Yunfeng will not invest in Byte, and will not participate in Series B or Series C.

However, both Shen Nanpeng and Lei Jun are very interested. Mr. Lei likes to invest in the media to facilitate Xiaomi's marketing. This is no secret; Mr. Shen is highly optimistic about Zhang Yiming, and Sequoia is always on the front line of the ABC round. He They must have made up their minds.

The remaining leading investment institutions basically have little interest in Byte.

For example, IDG, Jingwei, Zhenge, Echanglichang Investment Department, etc. currently have no strong urge to invest in Byte, and Mr. Zhang himself is unlikely to accept investment from major companies.

Lieshen, if you are interested in Byte, I can help you connect.

The person in charge of Yunfeng's investment department is very familiar with Mr. Zhang Yiming, so it will definitely not be a problem to insert you into the team.

Of course, I still think that financial services and online education are more promising and have a higher margin of safety. There are also several high-quality companies in the projects eliminated by Yunfeng..."

It’s a good opinion, but I don’t want you to think it, I want what I think!

Han Lie shook his head covertly and almost rolled his eyes.

The two major sinkholes in the future are the Internet financial services industry represented by P2P, and the extracurricular education industry headed by New Oriental. They are both untiring guillotines.

With one strike of the knife, Nezha would turn around.

Is this the son of a top investor?

Well, you can't blame Yu Ping'an. He is just a second-generation elite, not a fairy or monster. In fact, his performance is already very good.

The real idiots, such as those with square faces, are still enjoying themselves in CT debt!

Actor Lie looked like he was being kind and accepted Yu Pingan's kindness carefully.

"Okay, let me take a closer look, pick a few more projects, and then ask your experts for advice... How about I arrange a table for you in the evening and you bring the team members to chat?"

Han Lie was still a little anxious after all.

Byte's Series B financing is already in the negotiation process. It's hard to say when the deal will be finalized. Anyway, he doesn't have much time left.

The earlier you get involved, the higher your chances of taking the initiative.

"sure!"

Yu Pingan was also willing to have more contact and exchanges with Han Lie, but he was very measured. He raised his hand to look at his watch and said goodbye knowingly.
To be continued...