When money reaches a certain level, it is basically just a number. Lin Fan also has a higher spiritual pursuit, which is to help the domestic technology industry take off and become a true entrepreneur rather than a pure businessman.

He is not joking, but plans to lead by example, launch a few brands of his own, and play a leading and exemplary role.

The reason why he is still desperately trying to make money is that he has not yet achieved "financial freedom". Tesla, mobile phone companies, and Android are still waiting for help.

When the day comes when all pillar industries no longer rely on external blood transfusions, he may no longer be as desperate for money as he is now.

Fu Jixun smiled and said: "Is this also the characteristic of Lin Capital?"

Lin Fan replied calmly: "Unlike ordinary financial capital, if Lin's capital's assets really reach a certain level and a slight loss is no longer a concern, it may do something that will make people eye-roll."

Fu Jixun laughed, "Our leader in Singapore once said that Li Jiacheng is a businessman through and through.

And Mr. Lin, if you reach that point, you might make some different choices?"

"It is not a good thing to bring money into the coffin board or leave too much money to future generations.

My spiritual core is that of a traditional Chinese, who values ​​geese passing by and leaving their voices behind, and people passing by leaving their names."

When talking about Li Jiacheng, Lin Fan looked disdainful.

Today, Li Jiacheng is still regarded as a guest of honor in the Mainland, including his remarks, and is regarded as a model by entrepreneurs and ordinary people.

Niu Gengsheng, an entrepreneur student from the Cheung Kong Graduate School of Business, was received by Li Jiacheng for three hours and was so excited that he couldn't sleep all night.

Fu Jixun smiled and said, "I have one last question. Do most of Lin Capital's funds come from yourself?"

The reason why Fu Jixun asked this was because through chatting, it was easy to deduce which investor would let the fund manager mess around like this.

Only with your own money can you be so willful.

The reason why the other party did not set up a family office meant that it was entirely his own business, but instead approved the skin of a fund. Fu Jixun guessed that this person probably kept a low profile and did not want to attract attention.

Fu Jixun was not yet a member of the Lin Capital team, so Lin Fan did not tell the truth, but replied vaguely: "A large part of it, we can decide the investment areas, exit time, etc. by ourselves, it is very free.

"

Although the details are still unclear, this is already the answer Fu Jixun wants.

He stood up, smiled and extended his hand to Lin Fan, "Mr. Lin, I am willing to join Lin Capital and build an investment institution with characteristics and pursuits together."

Lin Fan held the other person's hand and smiled: "Welcome to join."

Although the verbal agreement has been reached, there are still details such as position, salary and benefits that need to be discussed.

The other party didn't mention it, but Lin Fan had to mention it. Maybe the other party would wait for him to speak.

Before the other party came to meet, Chen Hong had already inquired about it clearly.

As a partner of DFJ China Fund, Fu Jixun not only receives a substantial basic annual salary, but also receives project bonuses, which are the fund's profit share.

20% of the fund's profit belongs to the investment institution, and the fund manager/partner takes a commission ranging from a few points to twenty points from the investment institution's profit.

Defengjie originally offered Fu Jixun a commission of ten points, but because of his meritorious service in investing in Baidu, it was increased to fifteen points.

Lin Fan directly gave the other party an increase of 20 points, which means that after deducting the management fee of a fund, the net profit portion is multiplied by 20% and then multiplied by 20%, which is four points.

Taking into account the existence of management fees, it is actually lower than four points.

It may not seem high, but if the Jingzhe Fund can operate a US$200 million fund and turn it into a billion US dollars within five years, with a net profit of US$800 million, after deducting the annual management fee of 2%, Fu Jixun can personally distribute dividends of US$31.2 million.

Even if the timeline is extended to five years, the average annual income is more than six million US dollars, not including the basic salary. A properly high-paid person is better than the owner of a small and medium-sized enterprise, and there is no need to worry about personal bankruptcy, debt problems, etc.

Wall Street is often exposed to fund managers who earn hundreds of millions of dollars a year. It may be that he helped his own institution earn one billion US dollars and helped investors earn US$4 billion.

In addition, the 2% management fee charged by the fund every year is almost entirely used for first-class travel, five-star hotels, etc. by the investment manager.

In terms of work benefits and benefits, top financial practitioners definitely look down on many other industries.

The reason for such luxury is, on the one hand, to pay less taxes and spend more money; on the other hand, it maintains the quality of its own investment institution, which is conducive to business development.

In fact, if the fund only charges management fees, it will not make a profit, and it will not receive profit sharing, and the investment institution will not be able to operate because the income and expenditure cannot be balanced.

Private equity funds are not large in scale, so their management fees are not high. However, public equity funds/US mutual funds with hundreds of billions in size can still suffer losses throughout the year because the management fees alone are exaggerated.

Under this operating model, if the investment managers/partners of private equity funds want to make big money, they have to work hard to make the funds they operate profitable, and the more profits the better, so that the investment institutions will also make money, and the investors behind them will also make money.

Follow up by counting the tickets.

Everyone is happy!

In addition to appointing Fu Jixun as a partner of Jingzhe Fund, Lin Fan also gave him the title of Managing Director of Lin Capital China.

It can be understood that one is the actual position and the other is the military rank.

Fu Jixun was very satisfied with the position offered by Lin Fan, the salary, and Fu Jixun.

In fact, the position is considered to be the same, and the salary is only increased by one-third.

What he values ​​more is the platform, a platform that is more conducive to displaying his talents.
Chapter completed!