Age of Dreams

The most well-informed people on Wall Street will always be the financial predators.

It is harder for small and medium investors to find the pulse than to reach the sky.

The well-known fund managers you can usually see are inextricably linked with major investment banks.

Such as Soros.

Do you really believe that he caused the 1997 Asian financial turmoil alone?

There is no such a series of giants as Goldman Sachs, Merrill Lynch, Citigroup, Morgan Stanley, Motorola, etc., do you think he can withstand the counterattacks of so many countries? Does he have the capital and strength?

After entering 2008, the harm of the subprime mortgage crisis in the United States has gradually emerged, which can be described as shocking.

First of all, in early January, Merrill Lynch and Citigroup announced together that they both lost more than US$9.8 billion in the fourth quarter of last year due to the subprime mortgage crisis, shocking the world!

Then at the end of January, Swiss Bank also announced that it had lost 11.4 billion U.S. dollars in the fourth quarter of 2007. Then Commerzbank, Sumitomo Mitsui Banking Corporation, BNP Paribas, etc., all announced their own giants. Loss matters.

Therefore, in January and February, the global stock market plunged.

But what is a little strange is that after February, as if everything was okay, the US stock market continued to improve, as well as the operating conditions of various companies have also been greatly improved.

Even Merrill Lynch’s huge loss has dropped sharply from the 9.8 billion US dollars in the fourth quarter of the previous year to 1.96 billion US dollars in the first quarter. Although it is still at a loss, it is a lot less, right?

In Xiao Qi's view, of course this is not the case.

In fact, the financial crisis has always been on the line. It may break out at any time.

The reason for the calmness now lies in the confrontation between Wall Street and the US government.

In early February of this year, the US Senate and the House of Representatives passed a 168 billion U.S. dollar rescue stimulus package, which aims to save US economic growth through tax rebates and stimulating consumption.

The giants of Wall Street are united. Initiated the relationship that he could initiate, and finally the Republican Party proposed a rescue plan of 700 billion U.S. dollars.

Please note that the rescue funds for the economic recovery of the United States are only 168 billion U.S. dollars. This is four times its 700 billion U.S. dollars, but it is not enjoyed by the entire United States at all, but all is allocated to Wall Street. To these financial predators, let them get rid of their own crisis! !

Goldman Sachs, JP Morgan Chase, Morgan Stanley, Citibank, Merrill Lynch, Lehman Brothers... and more than a dozen large and small investment banks and financial companies are the beneficiaries of this 700 billion US dollars.

Bush Jr., who can be hailed as "IQ is only higher than that of animals," doesn't look at this rescue plan at all, and the plan proposed by the Republican Party in the House of Representatives and Senate of Congress. Even most of the Republican congressmen raised objections, so in the several consultations in April, May, and June, the $700 billion in funding showed no signs of being negotiated.

Think about it, they started the entire subprime mortgage crisis, and countless Americans went bankrupt, but in the end they have to pay taxpayers to save their greedy financiers? !

Whoever dares to vote for this kind of thing will be under tremendous pressure. Maybe you have to lose your position.

But Wall Street is also working together this time. They are not asking the government for money in vain, but have a lot of means.

Will you give it?

If you don’t give it, then Wall Street will just come and die together-the largest insurance company in the United States, Lehman, Merrill Lynch... a long list of famous names, the result of a direct collapse, is not the United States government can afford. It is easy to cause the collapse of the US financial order.

The US government is not saying that it will not give aid, but 700 billion US dollars are all aid plans, let alone Bush Jr. only has a few months in office. Even if he is still in the middle of his term, it is absolutely impossible to agree.

Congress also thinks the same way. Federal Reserve Chairman Bernanke severely criticized these financial predators for "greed and greed" several times at hearings, and many lawmakers even came to the scene when they rejected the proposal.

Now everyone is patient in the game, whoever can't help it loses.

So it seems to the outside world that the subprime mortgage crisis is gradually showing signs of calm. But in the eyes of these veterans, if the US government does not take action, the financial crisis is imminent.

In order to give themselves some ability to deal with risks in a crisis, many people have begun to find a way out.

Among them is Bobby Li, CEO of Green Pine Capital.

Green Pine Capital is indeed one of the best angel investment funds in Silicon Valley. It has participated in and obtained super rich returns, becoming the most dynamic and legendary angel investment fund in Silicon Valley.

But the problem is that since it went public in 2004, Green Pine Capital hasn't had too many classic cases that can be drawn. That investment of US$11.5 million has turned into a return of US$495 million, which is not a big brilliance.

However, in 2007 last year, Green Pine Capital successively operated the shares of two major companies. One was the purchase of 5% of the shares of DreamPad, the king of intelligent electronics, for US$6.5 billion, and the other was the purchase of the world’s largest share in two installments. The 25% shares of the group buying website cost a total of 9.625 billion yuan. Suddenly, the reputation of Silicon Valley and Wall Street rose.

But the results of the two big investments are completely different.

Up to now, 5% of DreamPad’s shares have almost doubled in value, reaching a market value of around US$12.6 billion; while 25% of the shares are extremely bleak, directly falling by 50% of the market value, only worth about US$5.5 billion, which is enough. Lost 4.1 billion US dollars! !

Not only is the huge loss in value, but also the continuous loss in operating costs. It loses about 200-300 million US dollars every month. As the largest shareholder, Green Pine Capital also invests more than 60 million US dollars every month. Go in.

How about changing to DreamPad?

During the one-year period from May last year to May this year, 5% of the shares gave Green Pine Capital a generous return of US$1.15 billion. It disregarded the return of the entire Silicon Valley from the purchase of venture capital. I don't know how many people are jealous!

With this comparison, it is simply the most loss-making business!

The financial turmoil is about to strike. In addition to the investment, many companies that Green Pine Capital previously invested in have also experienced serious crises. It is when it is urgent to continue to invest, otherwise the previous investment will be completely lost. Drop.

Therefore, Green Pine Capital urgently needs a lot of funds to revitalize its investment, otherwise by the end of the year, if the performance declines sharply, investors will definitely ask to redeem the fund, and the entire Green Pine Capital will collapse!

Today, Green Pine Capital has no choice. The only choice is where to cut the meat to get the most benefits.

Of course, if they are willing to sell 5% of DreamPad's shares, all crises will be resolved, and some people are rushing to buy it.

But the problem is that DreamPad has become the signature of Green Pine Capital. If it is sold rashly to deal with the crisis, Green Pine Capital will definitely be questioned, and the possibility of investors redeeming the fund is also not low. ——You have sold even your most precious asset. Who knows if you want to continue doing business? If the donation ran away, wouldn't I have lost everything?

At this moment, Xiao Qi sent him an invitation to buy back shares. How could Bobby not rush to Xiao Qi's side quickly?

Not far from the manor house area, in a high-end restaurant near the sea in Long Island, New York, you can see the blue sea on the opposite side, and there are countless people who come here for vacation. The scenery is infinitely beautiful.

Xiao Qi specifically asked for a location near the floor-to-ceiling windows. It was originally agreed that Bobby was at 12 noon, but he was waiting at the door at 11:30, and it would take six or seven hours to fly from Silicon Valley. As you can imagine, Basically, from yesterday afternoon until now, Bobby has hardly rested.

Waiting for someone earlier is an attitude, and it is especially disadvantageous during negotiations, but Bobby can no longer take care of it. He is almost running out of lining, so what can he do to save face?

Before coming, he had obtained authorization from several other senior partners. If he negotiates with Xiao Qineng successfully today, then it will become the official resolution of Green Pine Capital, and the contract can be signed immediately.

In the usual venture capital companies, they will learn Goldman Sachs’s power structure-the partnership system~www.wuxiaspot.com~ Everyone joins forces to contribute money and people to do business in a group, several partners, dozens Each partner cooperates to operate a project, which is the so-called partner system.

Of course, the partnership system does not mean that everyone is a group at all times. Perhaps in some businesses, everyone has the same interests, but in more aspects, the partners do their own things, or even fight each other. All the time.

Well, this kind of fighting things happen very often in investment banks, but very rarely in angel investment.

The partner system of Goldman Sachs is junior partner-general partner-senior partner-senior partner.

Being able to become a junior partner is already at the management level. As for the final senior partner, they are basically just their two places and the chairman of the board of supervisors.

Therefore, the senior partners of Green Pine Capital can naturally decide all company affairs, and they can also authorize Bobby to reach a sale and purchase agreement as quickly as possible. (To be continued. If you like this work, you are welcome to come to the starting point () to vote recommended votes, monthly tickets, your support is my biggest motivation. Mobile users please go to read.)