Do you consider yourself a scumbag?

It must be calculated, Ma Liang never denies this.

But if you want to compare with the person in front of you who has left his name in the history of scumbags, what he has is simply not enough.

Wang, founder of Tudou.com, joined Hughes Satellite Company in the United States in 1996. While working, he obtained a master's degree in computer science from Johns Hopkins University.

In 1999, he was sent back to the BJ branch of Hughes Satellite Company by the headquarters to be responsible for the launch of new products in the Asia-Pacific market.

In 2001, he resigned from his position at Hughes Satellite Company and officially joined the Bertelsmann Group. He also served as the group's corporate development director and executive president of Bertelsmann Online Greater China.

While working, Wang also obtained an MBA degree from INSEAD.

Although his family background is average, he has carved his own path through hard work after studying abroad.

In 2005, Wang once again resigned from his highly sought-after golden collar job, started a business with several like-minded friends, and led the team to launch the Tudou online video platform.

The platform logo is an orange icon with a mask as a totem.

When Tudou was founded, YouTube had only been online for a few days. It can be said that Wang was indeed at the forefront of the global venture capital circle.

Relying on the network foundation established by working as a senior executive in a foreign company, Tudou's first two rounds of financing went very smoothly.

In December 2005, Tudou received its first round of venture capital of US$500,000 from IDG.

In May 2006, Tudou received a second round of venture capital of US$8.5 million from investors including IDG, GGV Capital, and JAFCO Asia.

The people leading these two rounds of investment are the giants in front of us.

Zhang Suyang, Huang Peihua, Li Yongjin, the experiences of these big names are more impressive than the others, and even have a touch of legend.

Not to mention Xu Xin, the queen of venture capital, who is well-known in the venture capital circle.

Even Wang, who comes from a so-called ordinary background, is a gifted entrepreneur who was sent by his parents to study abroad in the 1990s. His family background is better than that of 99% of Chinese people.

From the financing of Tudou.com, we can see what kind of circle it is.

As the saying goes, lions don’t play with dogs!

People who are not in the same circle cannot play together at all.

If you have a net worth of 500,000, you can only hang out with people of similar net worth. If you control hundreds of millions, then the circle around you is naturally not ordinary.

At tonight's dinner, Ma Liang and Lin Fengyun may just be pure grassroots.

As for Chai Daguan, although he started his career very early, he has always been engaged in traditional business, which is a bit inferior compared to others in the capital circle.

If he really didn't care, why would Boss Chai be doing private equity? He was just trying to squeeze his way into a higher level.

Having said that, this is enough to show Chai Jin's sensitivity and shrewdness.

In the era of rising winds, if local bosses like them don't work hard, they will soon withdraw from the stage of history.

With the advent of the capital era, the top circles in China will also be reshuffled.

Capital players like Xu Xin, Zhang Suyang, and Huang Peihua will be the trendsetters in the next decade or so.

Talented people emerge from generation to generation, and some elites in the venture capital and capital circles, relying on their profound foundation, soon left behind local bosses like Chai Jin who became rich purely by reaping the dividends of reform and opening up.

Especially top elites like Xu Xin, Huang Peihua, Li Yongjin, Zhang Lei, and Shen Nanpeng, relying on their network advantages, have been going smoothly since then.

Any random move can determine the rise or fall of a certain industry in China.

The advantages of circles are like snowballs, and their influence and effectiveness will become larger and larger over time.

Just like in private equity, it is much easier for Xu Xin to raise funds than Chai Jin.

The same goes for entrepreneurship. Just look at Tudou.com, which raised nearly 10 million US dollars in just a few minutes. This is still a small amount.

Look at Li Yongjin again, he just invested 50 million US dollars in PPG shirts.

The founding team of PPG can be called luxurious. CEO Li Liang, CFO Wang Yanfeng, and CMO Zhao Yisong are all returnees from overseas. They are all talented entrepreneurs in the elite circle.

Even Li Yongjin himself was quickly tricked into taking the COO position at PPG.

It was supposed to be a perfect PY transaction. I deigned to work for a start-up company, get a high salary, and mix some shares at the same time, trying to become successful like Accountant Cai of Alibaba.

Unexpectedly, Li Yongjin made the wrong calculation and got himself into a quagmire, unable to recover from the fall.

Founder Li Liang not only committed various financial frauds, but also refused to delegate power, which resulted in PPG's poor performance and frequent negative news.

Li Yong couldn't beat Li Liang again, so he could only watch the PPG shirt project fall.

In the end, not only was he held accountable by the board of directors of JAFCO Asia, he also withdrew from the capital circle and was no longer a superior investor.

After quitting, he had no choice but to join the board of directors of Tudou.com, hoping to rely on Wang to make a comeback.

But if someone is really unlucky, misfortunes will happen one after another. Li Yongjin never thought that he would be tricked by the founder again.

Because this guy Wang is a pure scumbag. He obviously has a wife, but he actually cheated on her when he was struggling to start a business and raised a beautiful TV anchor outside.

It’s okay for you to play around and show your true feelings, but you insist on divorcing your first wife.

Divorce was not a big deal, and he secretly transferred assets. He was obviously a billionaire, but during the divorce, he gave away his ex-wife for 100,000 yuan.

With this pure scumbag operation, Ma Liang wouldn't be able to do it even if he were beaten to death.

In his previous life, because of Wang's idiotic operation, he laid the biggest landmine for Tudou.com and screwed up all the investors.

Tudou, which was originally far ahead, has been going smoothly with the support of various capitals.

It is about to be listed on Nasdaq and become the first Chinese online video website to be listed. All stakeholders are waiting in line to get the results.

The result was good. Just before Tudou.com went public, Wang's ex-wife filed a complaint against him.

As a result, assets were frozen and listing was blocked.

Everyone was dumbfounded, and the entire venture capital circle was shattered by his idiotic operation.

You must know that Tudou.com was ranked first among Chinese Internet video sharing websites at that time, and no one said it was second.

It can be said that one company has the largest market share and is in the limelight.

Moreover, taking advantage of the dividend period of the Fengqi era, if Tudou is the first to be listed on the NASDAQ in the United States and obtains huge amounts of capital, it will undoubtedly be able to make waves.

Either attack Youku, which is gradually keeping pace with Tudou, or directly acquire Youku.

In the end, everything was ruined in the hands of Wang, a scumbag. He watched helplessly as China's number one online video company was taken away by Youku.

Because Tudou delayed its IPO for half a year, its competitor Youku seized this opportunity and successfully went to the United States in December of the same year, successfully listing its shares first.

When Tudou was listed again half a year later, its stock price performance ran counter to that of Youku, completely losing the opportunity for a comeback.

On the contrary, Youku relied on its capital strength to acquire Tudou.

Although Tudou was acquired in the end and the investors recovered some losses, no one did not feel bitter and regretful.

Obviously, everyone has chosen the right track and the project is developing very well. However, because of Mr. Wang’s scumbag operation, he not only caused huge losses to many investment tycoons, but also became a laughing stock in the venture capital circle.

The worst thing is that Li Yongjin, who was originally a high-ranking investor, was suddenly tricked into a dog by the founder twice.

From now on, there was no chance for me to turn around, and I had no connection with the capital circle.

However, although I can't play with capital, I still have the network and network resources.

Without the opportunity to invest, Li Yongjin had no choice but to start his own business, and stepped into the limelight by using the taxi-hailing software [Bumblebee].

Later [Bumblebee] was acquired by Didi, which indeed made investment institutions a huge profit.

After that, he continued his efforts and took up the O20 project of Aiwujiwu, which also became prosperous.

Although this project was not implemented in the end, it was enough to show Li Yongjin’s excellence and once again explained what circles are.

From its establishment to its collapse, Aiwujiwu has raised a total of US$350 million in financing.

Investors include not only well-known investment institutions such as GGV, Morningside Venture Capital, Shunwei Capital, and Gaorong Capital, but also capital giants such as Temasek and Hillhouse Capital.

In the beginning, small investment institutions were not able to participate, but that doesn’t mean you can follow the big guys if you have money.

This is the power of circles, and it once again shows that there are many entrepreneurial projects, and they are not just something that cats and dogs can invest in if they want.

Everyone has arranged everything, so it's not your turn to pick up the slack.

Just like Tudou at the moment, Wang, a genius entrepreneur, has been personally involved as a capital boss since the angel round.

Everyone is playing games with people from the same circle, and they won't bring in outsiders at all.

If it weren’t for Chai Daguanren being a small LP when Xu Xin founded Today Capital, Ma Liang would not have had the chance to join him in Today’s Capital.

Listening to the venture capital queen's introduction, Zhang Suyang, Huang Peihua, and Li Yongjin did not appear too enthusiastic and just said hello mechanically. Only when they looked at Ma Liang, they stayed for a little more than two seconds.

After all, as a capital boss, I pay close attention to news on Twitter.

It's just that the three of them were leaning against a big tree to enjoy the shade, so they didn't take Ma Liang and Chai Daguan seriously at all.

Because whether it is IDG, GGV Capital or JAFCO Asia, they are not comparable to the newly founded Capital Today, and they are all large US dollar funds.

Even Wang, a Tianpai entrepreneur, only glanced at Ma Liang and the two without even saying hello.

The circle of elites is just like the Celestial Dragons in the anime One Piece, full of arrogance.
Chapter completed!