Chapter 291： the game

Chen Yang's somewhat passive investment attitude made Huang Shan, who was used to following up step by step, not used to it, so even though she was more obedient, she still said, "Mr. Chen, this Wang Tao is obviously not a person who is good at management. , if he is allowed to run the company, I am afraid there will be many problems in the future."

Naturally, Chen Yang would not be unhappy about Huang Shan's reminder. Instead, he admired her vision and straightforwardness. He smiled and said to her, "You used to work in Xiangjiang for a long time, and you have heard of the founder of MS Video Network. Is it a battle between people and investors?"

Huang Shan smiled embarrassingly. On the one hand, the projects she was in charge of at that time were mainly in Xiangjiang, including Shenzhen at most. She would only do research on other mainland companies unless they were well-known companies. On the one hand, she is not the person in charge of professional investment after all, and she only knows about those projects because she is in charge of finance and accounting, so she has never heard of the not-so-famous MS Video Network.

"I don't know?" Chen Yang didn't take it seriously, but continued with a smile, "Then you've heard about the battle over Wangyi's management rights back then, right?"

Huang Shan nodded immediately, "I know this. In order to make Netyi bigger, Ding Sanshi hired a few outsiders to be the top executives of the company. Later, Netyi's operations fell into trouble, and even the stock exchange stopped trading because of misreporting financial reports, and the stock price fell. At the bottom of the valley, at this time, not only did the investors not provide help, but they teamed up with several executives and almost drove him out."

"Yes, that's it," Chen Yang nodded with a smile, and said, "So later Ding Sanshi firmly held the controlling stake. Among the three major portal websites, his personal shareholding ratio was the highest, almost half. The company is also his voice, and no one can question his decision. The whole company is up and down, and he can open whoever he wants, because of this lesson!

Don't forget, the CFO who misreported the previous year's financial report is one of the three external executives!

Unlike Ding Sanshi who finally regained the dominance, Gao Ran, the founder of MS, was successfully kicked out by investors! "

This incident happened not long ago, in the second half of last year, when there was a little commotion on the Internet, mainly because the capital side was buying literary black Gao Ran, Chen Yang had seen related news in his previous life, and reviewed it last year After reading it again, I will naturally remember it deeply.

Huang Shan pursed her lips and raised her brows, as if she understood what Chen Yang meant.

Chen Yang took a sip of coffee and continued, "Investors and founders are not only a community of destiny, but also a pair of enemies. They are all fighting for interests.

It is also after many such incidents have occurred in recent years that most entrepreneurs have become extremely cautious in the choice of investors. If they have a dark history in this regard, the founders of those high-quality projects will be very cautious. Resist such people from entering the company,

Of course, we will not do this kind of thing, but the founder of Baobuqi would not think so. In addition, Honggu Capital is completely new in the field of venture capital. If there is no good reputation, how can we deal with high-quality projects? To compete with those predators? "

At this time, the domestic venture capital industry is still quite barbaric. What they want is not only equity, but the entire company. What the founders are fighting for is not only the right to operate, but also the right to survive!

This situation will continue for a few more years, until the competition in the venture capital industry intensifies, and many successful founders also join in counterattacks, and it gradually becomes more standardized.

In other words, an unwritten rule has been formed, and this rule is also the result of the game between the two groups of investors and founders.

Investors are investors, and they can supervise and even participate in the company's operations, but under normal circumstances, they will never be dominant.

Even if a founder is out, it is mostly for the company's development considerations, and the ending can be reunited and separated. As long as the company is not bankrupt and liquidated, a financial freedom can still be guaranteed. If the situation is good, the shares and a board seat can be retained, which is also good for the company. retain some influence.

After hearing Chen Yang's words, Huang Shan nodded thoughtfully, "That's why you formulated this strategy. Any company that makes equity investment does not require management rights, such as Jingdong and Zougou. This method should be used to Create the reputation of Rainbow Valley in the industry to attract project founders, but, "

She raised her head in puzzlement and asked, "Then, what should we do if the founder does not manage well and causes losses to the company?"

"It depends on the extent of the loss," Chen Yang said with a smile, "If it's just scabies and has no effect on the company's overall profitability, then turn a blind eye to it, anyway, what we want is the stock price Appreciation, as long as the stock price is rising, nothing else matters.

On the contrary, our attitude is more attractive to entrepreneurs, because what they fear most is that investors will seize power.

But if the founder messes up the company, the revenue shrinks and the profit plummets, the company’s market value falls instead of rising, and it is irretrievable if he is given a chance, what do you think will happen to him if he still holds on to the management right at that time? ? ! "

As soon as these words came out, Huang Shan nodded suddenly, I understand!

The company is almost gone, so what's the use of clinging to the management right? I'm afraid that without the intervention of investors, the people around him will rebel collectively.

Sure enough, Xiao Yu was right, the boss is really a profiteer,

When the situation is good, he is kind and kind, but if the situation deteriorates and he refuses to listen to persuasion, he will turn his back on the customer and take the management right, or even withdraw the capital and leave. No one can gossip. Know the loss and don't stop the loss.

Besides, Rainbow Valley doesn't care about anything, at least the financial aspect will be taken seriously, and the company's operating conditions can be fully reflected through the financial statements. As long as the financial situation can be grasped, the company will not be out of control.

Looking ahead, if this Wang Tao can manage the company well, then this company will become another brand of Honggu Capital, but if he does poorly, then I am afraid that this company will have nothing to do with him!

Well, it's also possible that Wang Tao still can't develop the ideal product, and in the end the investment will go to waste!

…

Outside the tea restaurant, Wang Tao was holding his mobile phone. After the call was connected, he told the teacher what happened just now, and finally asked, "Teacher, I really can't be sure about the current valuation of Dajiang Company. Are you my teacher?" The teacher is also a shareholder of the company, so I want to hear your opinion."

On the other end of the phone, Professor Li held the phone in one hand and the mouse in the other, looked at the information on the computer, chuckled, and said, "Xiao Wang, how much do you think your current company is worth?"

Wang Tao lowered his head and said nothing.

If you really want to count, the current Dajiang company can be said to be worthless. It has no technology, no market, and even no management. It is not even as good as many leather bag companies. Is it worth it?

However, if it is worthless, then what is my painstaking effort and investment in the past few years? !

At this time, Professor Li said again, "Have you ever found out what this investment company is?"

Um?

Wang Tao was stunned shook his head and said, "No, but, isn't this company introduced by you, the teacher?"

Professor Li sighed lightly and said, "It can be seen from this sentence, Xiao Wang, you are indeed not a qualified manager,"

Before the dazed Wang Tao could speak, Professor Li said, "Yes, I did introduce this company, but how can you be sure that I won't make eye contact? Or, I won't collude with outsiders to deceive you?

Investors need to understand the background of the project and the founder. As the founder of the company, you also need to have a thorough understanding of the background of the investor! "

Wang Tao scratched his head, feeling inexplicably irritated. I just want to be interested in technology research and development. Why is it so difficult?

It's just that honest words are harmful to the ears and good for deeds, what the teacher said is indeed reasonable,

Wang Tao took a deep breath and said respectfully, "It's true that I didn't think carefully, so I ask the teacher for advice!"