The worship didn't last long. First, I cleaned up the place that belonged to Chen He and Ye Ping, worshiped, and offered some things and flowers, and the matter was settled.

During the process, Lu Zhou didn't say much in his mind. The one who thought the most was probably "safety of mother and son". If there were too many, there would be no other requests, and it was not suitable for him.

After the end, the two of them drove their own cars and parted ways at the highway intersection. Lu boat returned to Guangnan, while Lu Yong went to his hometown.

When he arrived at Guangnan University Town, he had just gotten out of the car and received another email from Ding Zhongcheng.

Compared to the emails the night before yesterday, this letter seems more detailed.

...

The next morning, Luzhou made breakfast as usual, and then went to work after cleaning up the house.

It was exactly nine o'clock when I arrived at the company, a little later than usual. Meng Xiaoqin was already at work. She had just walked out of Wang Wenjun's office and had some information in her hand.

"Senior. This is the information you need."

Lu Zhou took the things from Meng Xiaoqin and walked into his office with her, "When will Mr. Ding tell you when will you come?"

"At 9:30. Senior."

Lu Zhou nodded slightly, "Go to Menggu Pay upstairs to confirm the relevant work progress. Mr. Fang should be operating some things at the moment, so you can ask her to give her another detailed document."

After saying that, Lu Zhou sat back to his desk, and Meng Xiaoqin went upstairs after listening to his instructions.

Lu Zhou was thinking about what to do while looking at the information. After the B round of Menggu advertising, Mengguang could rush money to about 300 million yuan. Mengguang's monthly revenue is now over 30 million yuan.

According to Luzhou's idea, Chuangmeng and Menggu paid 100 million each, while the rest were used as Mengguang's operating channels and promotion funds.

I think so. But he will disclose the fund of Chuangmeng in the next Menggu developer conference. It is still necessary to make a larger amount of funds.

"It's not too much to get a 5 billion industrial fund and Menggu get a 1 billion Mengmeng fund."

At least it sounds a little more confident.

When I arrived at Luzhou, I told the developer conference that if there was no movement for a year or two, it would be easy for others to understand. After all, it would take a preparation period, but if the time was long, I would have to give the money to the table, and the words would be fulfilled in the end.

There is still a gap of 900 million waiting for the road boat to fill it.

Of course, one billion is just a saying, Lu Zhou still needs to communicate with Ding Zhongcheng before he can determine some things.

It took half an hour and a while.

Meng Xiaoqin walked to the road boat, "Senior, Mr. Ding has arrived."

Lu Zhou nodded, and Meng Xiaoqin went out to receive Ding Zhongcheng into Lu Zhou's office.

Ding Zhongcheng entered the door, Lu Zhou got up and walked out of the desk, shook hands with him, "Mr. Ding."

Ding Zhongcheng smiled, "I have been waiting for President Lu for a long time."

Luzhou signaled to sit to the side of the coffee table, "No, you came on time. I'll make tea."

Ding Zhongcheng, "That's rare, haha."

The two have known each other for a long time and are familiar with each other. Ding Zhongcheng's words sound "you're welcome."

Lu Zhou pressed the kettle, "It's been Brother Wang's force. I, a young man, have to learn this kind of human nature slowly."

"It's great. I've been separated from the programmer's job and left to do more coordinated things."

"Then I can't lose it. Take care of both sides. Some of them are too professional, and you still need more guidance."

Ding Zhongcheng smiled but said nothing. He had already seen Lu Zhou's shrewdness. Now there is no ordinary board of directors' tips. Lu Zhou's posture is like a honest young man.

At least that's the case.

Of course, he used people's money to eliminate disasters. Lao Lin sent him to Meng Guang, except for the meaning of supervision, which originally had some "assistance" meaning. He still knew what to say and what to do with Meng Guang Kai's salary.

"Mr. Ding, let's talk about the details of your previous email."

Ding Zhongcheng laughed secretly, and the young man's straightforward temperament was no different from Lao Lin.

"you say."

Lu Zhou nodded slightly, "First of all, it is Chuangmeng Fund. It must be a private equity venture capital fund, which mainly engages in equity investments in startup companies. It operates in the form of a partnership, that is, Mengguang provides funds, and then runs by the management team. The management team needs to have two qualification issues, one is the qualification of a private equity fund manager and the other is the qualification of a fund sales."

Ding Zhongcheng interrupted, "Lu should not consider the latter item. We will give some help."

Luzhou took the kettle and poured it into the teapot, "Okay."

Ding Zhongcheng, "In fact, there are many ways to operate this type of fund, including trusts, contracts, limited partnerships, and companies. The history of limited partnerships in China is not too long. It will take only three years to say that, but it is a relatively mature approach abroad."

"Please." Lu Zhou chook tea and placed it in front of Ding Zhongcheng.

Ding Zhongcheng deducted a tea gift, "For Chuangmeng, our DCM will solve the qualifications of the management team for Mengguang. Then we invested 1% with the GP of the Chuangmeng Fund, while Mengguang invested 99% with the LP of the Limited Partner. After the fund was established, GP will be responsible for daily fund management."

Luzhou, "What does it mean to separation of operations and ownership?"

Ding Zhongcheng, "GP bears unlimited joint and several liability to the fund entity, while lp bears liability to the limit of the subscribed capital."

Lu Zhou knew it after hearing this. Although the general partner contributed less money, he needed management and assumed unlimited joint and several liability. To put it bluntly, the limited partners paid the money, and they would bear the debt responsibility no matter how much they paid.

Ding Zhongcheng brought the teacup and continued, "Of course, in practice, the entire fund structure will definitely have some nested structure. For example, Chuangmeng's GP itself is a fund.

If Chuangmeng hopes to accept other sources of funds to invest, it can also be used as a GP and then establishes a subsidiary fund.

Of course, this has a certain leverage effect for the top level. For example, under the nesting of two layers, an institution can achieve a fund that can control a scale of 100 million yuan for only 10,000 yuan.

But this is an example. Haha, don't take it seriously."

Luzhou, "Add other funds?"

Ding Zhongcheng smiled slightly, and he pinched it to a joint.

"For example, Mengguang, we are considered as corporate investors. Then under the name of Mr. Lu, Mengguyun and WeChat can also invest in it. As a limited partner of the fund itself, or establish a subordinate fund to form a separate institution.

As for other things, public pension, university investment institutions, other vc/pe institutions, banking and insurance trusts, and government institutions, they are all the same.

As long as it is related to money.

As long as you have the ability.”

Road boat, “…”

He took the tea cup and took a sip.

"I'll do it like this."

Luzhou added tea to Ding Zhongcheng.

"Mengguang invested 100 million yuan as a limited partner, and Mr. Ding took the lead in establishing a management team with investment of about one million yuan. As the main body of the general partner, this team can be a company or a partnership. Thus, it has established the Chuangmeng Fund.

The management team is responsible for daily investment operations, while Mengguang does not involve specific operations.

If Mengguyun and WeChat also have demands in the future, the form can be more variable.

For example, using Chuangmeng Fund as the general partner, Mengguyun and Wexun as limited partners, Chuangmeng a and Chuangmeng b are established.

Or if the Chuangmeng Fund is properly operated and attracts other funds, the same method can be used to establish Chuangmeng c.

For these projects, Chuangmeng Fund itself can obtain the annual management expenses of ABC and the dividends for successful project.”

Ding Zhongcheng raised the teacup again, "It can be understood this way. The actual implementation is much more complicated."

Luzhou, haha. "Borrow money to make money", it turns out that Lao Lin is also the working emperor who gives "money" to work.

If that's the case, Lu Zhou will brag about the next developer conference. It would be not difficult to brag for one billion. Then, it would be better to do it based on your ability.

"So, what if the investment strategy of the management team conflicts with Mengguang's original intention of establishing Mengshuo?"

This should be a big problem. Judging from the ways of this fund, Meng Guang operates the Dream Fund in this way, then he is just a funder who contributes the money. The initiative in investment management is in the hands of the management team.

Ding Zhongcheng narrowed his eyes slightly, "It can naturally be solved. Or Lu always has his own team to do it."

Road boat, “…”

I'll ask you to have a hammer.

"General partners are operated by companies. General partners can contribute individuals or companies, and the proportion of the company accounts for a higher proportion and more board seats, which will naturally affect the decision-making of the entire management team.

As for execution, it can be left to professionals to solve it."

"learn."

After getting things through, Lu Zhou was relieved to instruct Wang Wenjun to connect with Ding Zhongcheng.

"In this way, Mr. Ding. I understand the basic situation clearly. But I think it takes a lot of time to get through the detailed agreement and fund establishment.

Next, I will give some of my requests to Wang Wenjun. We will talk about it later after you have established a framework agreement."

Lu Zhou stood up and shook hands with Ding Zhongcheng again.

After the two of them had some polite conspiracy, Ding Zhongcheng went to contact Wang Wenjun first.

Lu Zhou was still sitting next to the coffee table and poured some tea to drink.

Mengguang was first established, and now the management system is becoming more and more perfect. There are more and more employees and departments.

In the technical department, the front end has been divided into several subdivided positions, while the back end is divided into various functional modules, server maintenance is connected to Mengguyun separately, and data analysis and processing are then grouped separately.

In the past, when it was invented, Pan Feiwen, Dong Junda and others were responsible for the entire part.

What programmers do is becoming more and more meticulous, and the business scope of the company they come into contact with is narrower than the previous few people. From the product manager's demand to the complete process, the communication cost is higher than before, and the time period for task rotation within the group of this department has been much longer.
To be continued...