"Um...Mr. Liu, Dogford is my father's company. He is not even willing to open up financing, so he probably is not willing to sell the company.

And he is old, what can he do if he sells the company?

With a factory here, he felt that his life was a little more exciting. Without the factory, he would definitely not be able to adapt to playing chess and fishing in the park every day and entering a senior life early.

As for Pate.com, it is indeed a company founded by me. The original intention of establishing this company was to help my father sell dog food.

But later, with the entry of capital, Pet.com has expanded from a single pet e-commerce business to a chain of pet hospitals.

If you sincerely love pets and want to open up the domestic pet food online sales market, Pate.com can provide some help."

Although Zhang Yida didn't say no, Liu Yonghao understood his attitude.

So Liu Yonghao didn't force himself and said with a smile: "As for the online sales of sincerely loved pets, I'll leave it to you, Pate.com. Don't you want to work too hard?"

"Absolutely not!"

Zhang Yida said firmly: "We will treat all suppliers and customers equally."

After Liu Yonghao heard this, he smiled and didn't take it seriously. People are divided into close relatives and close friends. He didn't believe that Zhang Yida would abandon his father's Dogfud and favor his "sincere love".

At the same time, he will not hand over all online sales authorizations to platforms such as Pet.com, Taobao, Tmall, and Goudong. They will also operate them themselves.

Businessmen always consider issues from the perspective of maximizing profits.

…

Beijing, inside a golf club.

"Mr. Zhang, if I remember correctly, this is your first time asking me out."

Zhang Sanshi swings gracefully and the golf ball flies to the green area in the distance.

"A date with you?"

Zhang Yida was a little dazed. He remembered that in his previous life, the rumors about Zhang Sanshi and a certain actor named Peng's coming out were aroused.

Although someone later explained it this way: Zhang Sanshi and his friends said that the actor surnamed Peng wanted to be his LP, but he was misunderstood as his "wife", but he was actually the fund investor.

"I was too busy before, but now many companies have entered the mid-to-late stage, and I can take a break from my busy schedule."

Zhang Sanshi smiled and nodded, "There are so many companies, but you are the only one who can get the best of them.

This person has to die compared with others, and he has to throw away goods when comparing goods!

From an outside perspective, your company, Dogford, which is developing the slowest, is also quite successful.

Especially since the founder is only 21 years old.

If I had a company like Dogford when I was 21 years old, I wonder how successful it would have been?"

"It's not that exaggerated. There are countless examples of companies of the size of Dogford with founders in their 20s spreading across the country."

Zhang Yida felt that if he had only one Dogfud company, he would at most be considered outstanding in society and would have nothing to brag about.

"You are in your early 20s and have founded a company with a profit of tens of millions. Can you tell me who they are?" Zhang Sanshi stopped and raised his head and motioned to Zhang Yida to tell him.

"Just tell me, there are so many things."

Zhang Yida thought for a while and said: "Sentong Nie Tengfei started from scratch at the age of 20 and passed away at the age of 25. His assets of hundreds of billions ended up in the name of his uncle. Even his 22-year-old wife married the driver...

Focus Media Jiang Nanchun founded an advertising company at the age of 20. In 1993, the company's revenue was 4 million, and Jiang Nanchun's income was 1.5 million...

There are also Tianqiao Zong and Shi Daxianren, who also became famous in their twenties.

There are more overseas, so I won’t list them one by one.”

Zhang Sanshi shook his head and laughed, "Of the four people you listed, the first one was really great, but he left too early, so I won't comment on him.

The latter three all collapsed in the middle of their careers. Moreover, when Tianqiao President and Shi Daxian succeeded, they were basically in their twenties.

It is too difficult to achieve a successful career before the age of thirty. Even if you have good luck, you lack the ability and mentality to protect your career and wealth."

"So, I'm very interested in you."

Zhang Sanshi's words made Zhang Yida's scalp numb. Can't we talk carefully?

"I found that the wealth you cashed out many times was not used to buy material things, but was instead reinvested.

At this point, you already have the ability and mentality to protect wealth.

Of course, the protection I am referring to here is relative. If the investment fails, it is another matter."

Zhang Yida smiled and said that Mr. Zhang Sanshi's comments were quite accurate.

It seems that the most material expenditure I have made is a villa worth RMB 300 million, a live horse worth tens of millions, and a dead horse worth tens of millions.

It’s not that you can’t spend money if you start a business successfully. Money can be spent, but the entrepreneurial mentality needs to be maintained.

If the mentality collapses, the mind goes astray, and people become lax, the company is not far from going downhill.

Of course, if a company establishes a very good succession mechanism, it is possible that it can still develop in an orderly manner without the founder.

But usually those who start a successful business in their twenties only take a few years to establish a business, so there is no succession mechanism.

The founder is the soul of the company. If the founder has slacked off, it is normal for the company to be "infected".

Zhang Sanshi gently swung the golf ball into the hole and made a birdie.

It can be seen that he plays golf frequently and is very skilled.

"Beautiful!" Zhang Yida applauded from the side.

"Yida, let's talk about today's business!"

Zhang Sanshi didn't think that Zhang Yida asked him to play golf today just for fun. He obviously had something to discuss with him.

“Talk about the pet market!”

Zhang Sanshi knew that Zhang Yida must have other plans, but looking at it now, it turned out to be true.

"Okay!" Zhang Sanshi agreed readily, and he also wanted to talk to Zhang Yida about this matter.

"Pet.com currently operates more than 20 pet hospitals. Next, I want Pet.com to conduct a round of financing.

All funds raised will be invested in the establishment, acquisition and integration of pet hospitals.”

After speaking, Zhang Yida looked at Zhang Sanshi, wanting to hear his point of view.

"This is a good thing! I support it very much! It's long past time for Petnet to make big strides."

Zhang Sanshi smiled and said: "If there is a shortage of funds, Gaoling Capital can lead the investment or follow the investment."

Zhang Yida waved his hand, "There is no shortage of funds and investors. Ruixiang intends to launch a pet PE M&A fund with Pate.com."

When Zhang Sanshi heard this, he was very surprised and asked Zhang Yida: "Isn't Ruixiang only focused on investment in the Internet and financial industries?

Why is the pet field so mixed up? This is a bit..."

Zhang Sanshi realized that he had lost his temper and said with a smile: "I mean it's a bit surprising."

"Gaoling recently acquired a German company that deals in cat litter and pet food. It's called Gimborn. When translated into Chinese, it means Junbao, right?"

Zhang Sanshi became a little wary and said with a smile: "Yida, you know our investment trends very well!"

"Gaoling Capital wants to integrate the pet economy? Cultivate a super unicorn?"

Zhang Sanshi didn't answer, Zhang Yida's words touched his heart.

Unlike ordinary VC funds, Gao Ling does PE work and likes to invest in mature companies.

As for Gaoling, it is difficult to find matching funds around the world.

Why do you say this?

Generally speaking, VC and PE like financial investment, but Gao Ling likes to invest heavily.

When Goudong was valued at US$1 billion, Daqiangzi only needed US$75 million in financing.

Zhang Sanshi insisted on giving the Great Qiangzi US$300 million, and either refused to invest or accepted a large amount of financing from him.

In the end, the Great Qiangzi compromised, and the US$300 million invested by Gaoling Capital turned into US$3.9 billion in four years.

Before investing in Goudong, Zhang Sanshi was basically not well-known in the investment circle and kept a low profile because he mainly invested in secondary market companies that were already listed.

Zhang Sanshi often said that his belief in "value investing" was influenced by his teacher at Yale University, Swenson.

Swenson is also a talented person, as famous as Buffett, who specializes in managing the donated funds received by Yale University.

Most of the operating funds of the top universities in the United States come from donations from wealthy people, and all of this money cannot be deposited in the bank, which would be a huge loss.

Swenson is the chief investment officer responsible for managing the school's endowment funds and increasing their value.

He was very optimistic about his Chinese disciple Zhang Sanshi, so he still invested US$20 million in Zhang Sanshi even though others were not optimistic about him.

In 2005, Zhang Sanshi returned to China, founded Gaoling Capital, and used most of the US$20 million to buy Penguin shares, which had just been listed in Hong Kong.

Therefore, Zhang Sanshi's investment style is like this, he likes to hold heavy positions very much.

Many people feel that his investment style is too dangerous and completely violates the principle of "investment diversification".

But from another investment perspective, this is also profit maximization.

However, Zhang Sanshi has a vision and the companies he owns have been successful many times, so he became a PE boss while others took over.
To be continued...