When you burn money, it rises like a raging tide, and when it recedes, it's like a tide that ebbs thousands of miles away.

In just two days, there was no sound left on the market.

The news surface is basically clean.

The discussion on several topics has almost disappeared instantly.

The mobile social chat market, which had been noisy on the Internet for more than half a month, suddenly returned to calm.

The attention of the onlookers was also divided by other new hot spots.

Classmate Fang Nian, who was on vacation at home, watched a play that was completely different from what he expected.

After the drama ended, Fang Nian politely declined all the dinner invitations.

Among them was Neil Shen, who came to apply for business again.

The drama has come to an end, and the impact club's income is not as direct as the first-phase investment.

It can be said that in the entire drama, no investment institution completely withdrew from the market in the end.

At most, Neil Chen’s Sequoia Capital quietly replaced bad investments in the drama.

The second phase of the impact fund's investment was only a large number of mergers and cooperation, and more than half of the principal was returned through the primary market, totaling: 1.5 billion.

The remaining 1 billion principal is expected to have an investment holding value of 10 billion in the primary market within the next six months.

There is an interesting thing here:

The value of these shares in the primary market now exceeds 10 billion.

What's interesting - there is no equivalent purchasing power in the primary market.

It is equivalent to a separate virtual bubble valuation.

But even so, according to some investment forecast models, the overall floating profit of the second-phase investment is still expected to reach 5 times.

From the time of investment to the end of burning money, it took exactly 15 days, and the Influence Club once again completed capital trading with ultra-high returns.

Although those shares currently valued at more than 10 billion may need to be held for at least half a year, and other twists and turns will occur in the meantime that will affect the final return;

But Fang Nian's reputation within the influential club skyrocketed again.

It can be said that one word is worth tens of thousands of gold.

Because of the ecological integration of mobile games + social networking, the original holdings of the first phase of the impact fund were sold at a far more ideal time and price than previously expected.

The time was nearly three months earlier than expected, and the price reached 5.7 billion yuan.

Counting the previous 2 billion.

That is: a first-phase investment of 1.1 billion in principal is exchanged for a total income of approximately 7.7 billion, with a floating profit of 7 times.

Still the interesting thing:

When the "pig" in the mobile game industry was blown away by the wind, Dacheng withdrew a total of about 2 billion yuan of funds on the spot from the 1.1 billion investment in the first phase;

The value of the remaining holdings totaled 12 billion at the time, but the difference was more than 6 billion when the company was actually withdrawn.

However!

At that time, there were no capital institutions with the same purchasing power in the primary market, that is, there were no takers. ①

This is also the biggest difference between valuation and market value, and the primary market and the secondary market:

The valuation is fictitious, and as long as there is no successor, it will turn into a bubble and become worthless at any time;

The market value can be redeemed into real gold and silver at any time. Although bubbles will occur and the value will fall, there is still redemption value even if it is delisted.

so……

In any case, a total floating profit of 7 times in one phase of investment is the best and ideal result that the influential club cannot even imagine.

Because in the entire process from the establishment of the Impact Club to the establishment of the Impact Fund;

I never thought about playing the mid-line, long-term or even lifeline.

Let’s put it this way, half-year holdings are considered a scary mid- to long-term strategy for impact funds.

The capital itself is not used for production, nor will it last long.

Impact funds strive to be like the wind and the remaining clouds, leaving as quickly as possible and never being greedy.

This is also a characteristic of track investment. The big fish eats the small fish, and the value of the largest remaining one will be multiplied several times!

The subsequent takeovers are not stupid either. No one will do anything without return, especially capital.

That's why there is such an interesting thing.

Of course, the remaining track investment projects managed by impact funds are all of high quality.

At most, it may take a while to push it to the IPO, and the value will be seriously magnified many times.

For example, among the relatively well-developed companies in the first phase of the Impact Fund, more than half should be listed within five years, with a total market value of about 50 billion yuan.

Another example is Momo, currently the top player in the second phase of the Impact Fund;

Fang Nian clearly remembers the process in his previous life. He landed on Nasdaq at the end of 2014. At that time, the market value was nearly 2.7 billion U.S. dollars, or nearly 18 billion yuan.

Based on the second phase of the Impact Fund, Sequoia Capital’s current shareholding ratio will be worth almost 9 billion by then.

Of course, Sequoia is bigger. Counting the second phase of the Impact Fund alone, it is only worth less than 4 billion.

Because, after all, these are the subdivided areas that Fang Nian specially selected based on his known judgment of the future situation to form a cycle within the industry.

Therefore, this will only be a game that everyone is happy with, and it will only continue to add to Fang Nian’s reputation in the capital and finance industry.

certainly……

There will also be those who are unhappy.

Such as the 'sand' that is washed out in the big waves.

Because the reality is too cruel to them, driven by capital, their 'life or death' has been decided in a very short period of time.

Then again, if they have the courage to come back, learn lessons, and endure it, they will be able to take the lead again in a few years.

…………

He is not even interested in the steady development of the Influence Club according to his own plan. Fang Nian obviously has more important things to be busy with.

That is——

One year anniversary of engagement with Lu Weiyu.

On August 5, 2010, Fang Nian and Lu Weiyu got engaged under the arrangement of their parents and in accordance with the customs of both parties.

In two days it will be August 5, 2011.

Fang Nian will naturally never forget such an important day.

In fact, Fang Nian quietly started preparations more than a month ago, and rarely used his own bank card to make purchases.

After all, classmate Fang Nian, who loves to eat soft food all his life, has been using Lu Weiyu’s supplementary salary card for daily consumption since 2011.

For other relatively large purchases, Fang Nian used the joint bank card he and Lu Weiyu applied for at ICBC.

As for Fang Nian’s personal bank card, it was so dusty that he almost forgot the password.

Whether it was Lu Weiyu's salary supplementary card, a joint bank card, or Fang Nian's personal bank card, they were all in Fang Nian's hands. Lu Weiyu didn't even touch them, let alone ask where the money was spent.

In other words, Fang Nian is just a pretty boy who eats soft food and has nothing to do with bronchitis.

Fang Nian flipped through his phone and muttered: "What a coincidence, the next day is Chinese Valentine's Day."

"This is a great test for an innocent young man like me who doesn't know how to fall in love!"

"What will happen if Senior Sister Lu, who has gradually begun to have demands for quality of life, thinks I'm shabby?"

"Oh, if I had known I should have learned to be a scumbag first and then be reborn."

"..."

"..."

-

①: The description of this entire process may not be accurate, but an example that is happening in reality can be used to assist: Bitcoin, the total amount is only more than 18 million, and the price of a single coin was speculated by contract transactions within ten days.

Two times higher, the actual transaction volume is not high;

The whole process is actually very simple. The valuation of mobile social networking companies continues to rise due to mergers and acquisitions and money burning. Although the valuation is accepted by default in the primary market, investors in the primary market will not use real money to take over...

…

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Chapter completed!