As we entered the second half of July, the market index also stood above 3,000 points, and the market was almost over.
Fang Hong was also calculating carefully. Compared with the scale of Qunxing Capital's investment in the A-share market, the more than one billion in his own account was considered a small amount of money.
Qunxing Capital currently has two large investments in the A-share market. The first one was established last year when the market was over 1,600 points. A total of 20 billion funds entered the market. As of today, it has created a floating profit of +237%, which is absolutely Profit 47.5 billion yuan.
The other fund is from coal boss Li Yongzhi and Pengrui Capital Xiao Quan. A total of 24 billion yuan entered the market at the end of May. As of today, there is a floating profit of about +36%, with an absolute profit of 8.65 billion yuan.
The total market value of Qunxing Capital's current positions in the A-share market is not too much or too little, just breaking through the 100 billion yuan mark. After removing all leverage funds and capital costs, the net value is 57.5 billion yuan.
Once the funds are withdrawn from the A-share market, the funds cashed out from the secondary market can then be invested in entities and the primary market.
However, the market is not over yet. It is still in the process of asset price appreciation, and it can continue to be fun for a few months.
After this month, in the future A-share market, the days of mindlessly making money like in the first half of this year will no longer exist. We can only wait until the epic leveraged bull market in 2015.
…
Saturday morning, stay in the villa quietly.
Qin Feng, the founder of Xingyu Technology, came here to visit today. He came to meet him. Fang Hong knew without thinking that Xingyu Technology had probably spent all the money.
It has been more than three months since the last time we raised 35 million yuan for Qin Feng's company, which is exactly in line with Fang Hong's estimate.
Villa living room.
Fang Hong, Qin Feng and another young man were sitting here. This young man in his twenties was brought by Qin Feng and his name was Hou Junda. According to Qin Feng's introduction, he was his good friend.
Fang Hong temporarily ignored Hou Junda's matter and said straight to the point: "Tell me, how much do you plan to ask for this time?"
Qin Feng said concisely and concisely: "RMB 300 million!"
Hearing this, Fang Hong nodded to himself and thought for a moment. After a while, he looked at Qin Feng and said, "Then I'll give your company an estimate of 1.5 billion. How about that?"
Qin Feng nodded and said, "No problem."
Hou Junda, who was sitting aside, was confused for a while. This involves hundreds of millions of financing. Isn't that too straightforward?
One really dares to ask for it, and the other really dares to give it!
Hou Junda also knows a little bit about his friend Qin Feng's Xingyu Technology. This company currently has more than 200 people. In a sense, there is nothing except these 200 people. How about 200 people worth 1.5 billion?
That's right!
What Fang Hong looks at is people!
This round of financing is the A round of financing. It is still the exclusive investment of Stars Capital, with a valuation of 1.5 billion and a capital of 300 million yuan, which is the transfer of 20% of the equity. In addition to the previous angel round financing, then Stars Capital Astrology Technology's shareholding ratio will rise to 44%, becoming the company's largest shareholder.
Fang Hong said methodically: "Go find Mr. Hua from Star Capital. I'll say hello to him later."
Hou Junda was confused again. Is this a deal?
Good guy!
This is an astronomical figure of 300 million, and the decision was made in less than a minute.
Hou Junda called him a good guy in his heart, which was completely different from what he imagined.
It's incredible.
After a while, Qin Feng glanced at his friend Hou Junda, then looked at Fang Hong and said: "Brother Fang, this friend of mine also plans to start a business and has a project at hand, so..."
At this time, Hou Junda was hesitant to speak. He was actually five or six years older than Fang Hong, but he was a little nervous at this time, because Fang Hong had an aura of an elder in every gesture and every word he wrote.
It's not about age.
Fang Hong couldn't help laughing when he heard this: "Since you are a friend, I must also
Not ordinary people. "
Upon hearing this, Hou Junda immediately said humbly: "Fang Xian is overly praised. The gap between me and Qin Feng is still quite big. His ability is much better than mine."
Fang Hong smiled leisurely and said immediately: "Money is not an issue when investing in your project, but let me ask you a question. What do you think are the key points for a start-up company?"
Qin Feng was silent on the side. The investor's father has already introduced you. As for whether you can impress the man in front of you, you can only rely on your own performance.
After a while, Hou Junda thought about it for a while. Fang Hong's question was too broad. It was easy to answer but not easy to answer.
At the end, Hou Junda organized his speech and began to say: "I have studied the successful history of Ali Baba and found that there are three key points. One is to have a very huge target market; the other is to find a group of super reliable people to work with you. Let’s do it together; thirdly, compared to our peers, we need to have a sum of money that can never be spent.”
As soon as he finished speaking, Hou Junda added: "Especially for the third point, funds are very important for a start-up company. If you are always short of money, it will be difficult to start the company. If you have a sum of money that can never be spent, , you will have the courage and courage to try something new.”
After speaking, Hou Junda said no more words to show that he had completed his answer.
Fang Hong nodded thoughtfully, and after a while he looked at Hou Junda and said, "Okay, you and Qin Feng go to Star Capital together. I will invest 5 million in you during the angel round financing stage."
What is angel round investment? You just don’t know whether your project will be successful, and you have no way of judging it. If you decide to invest the money, be prepared to lose it. That’s why it’s called angel investment. But if the project is completed, then the investment will be profitable. , the future return will be hundreds or even hundreds of times.
As soon as these words came out, Hou Junda was stunned and said quickly: "Mr. Fang, you invested money directly without asking me what I did? This..."
Are all people in the VC circle so easy to talk to?
"Haha..." Fang Hong smiled and Yun Dan said lightly: "Angel round financing is just a few random investments. Whether the project can be successful or not is unknown. The investments are ideas, and ideas are thought up by people, so In the final analysis, angel round investment is about people, not your projects. Since you are Qin Feng’s friend, as the saying goes, birds of a feather flock together, I believe his friends will not be any worse, considering that you are Qin Feng’s friend. This relationship is worth the risk for me to invest 5 million in you to test the waters."
When Hou Junda heard this, he was speechless. His investing father would throw money at him without asking what project he was investing in. However, as an entrepreneur, he still had to say something. He immediately said: "The project I am working on is an online streaming video website. The website has already been built." Okay, the Chinese name is "Hummingbird Video". "
Um?
Online video site?
Fang Hong, who originally had a relaxed look on his face, flashed a flash of surprise and said immediately: "Explain."
The video website branch is a key layout area of Qunxing Capital. Yixing Video has already started preparations. Now the online video copyright chess piece has also fallen. If Hou Junda invests in Hummingbird Video, the business will overlap, which is typical. Waste of resources.
Hou Junda was also stunned for a moment, and after hearing what Fang Hong said, he immediately said: "Hummingbird Video is a video player based on P2P technology."
Fang Hong couldn't help but said: "What did you say? P2P technology? Isn't that how Qvod is played?"
The so-called P2P technology, also known as point-to-point technology, relies on the computing power and bandwidth of participants in the network, rather than relying on a few servers.
P2P networks are usually used to connect nodes through AdH connections. This type of network can be used for a variety of purposes. Various file sharing software has been applied. P2P technology is also used in data communications for real-time media services such as VoIP.
Qvod, a video player launched in 2007, has caught on the fast train of P2P technology and has developed rapidly.
It is now also known as a must-have software for experienced drivers.
Qvod uses the P2P model, which requires users to use a specific plug-in player to watch videos. The website only needs to provide seeds. When users specify
When the module is large enough, more than 90% of the video files are downloaded from other users' computers, thus greatly reducing the bandwidth consumption of the website and greatly reducing the website's operating costs.
You must know that "network fees" are a major expense item for online streaming video websites. The larger the scale, the greater the traffic consumption, and the "network fees" will also be higher.
Fang Hong didn't expect Hou Junda to take such a path when he came up.
It’s naturally clear what the ending of Qvod will be.
This is a dead end!
…
