Idg and Jinshajiang really look like they are breaking up with Ziweixing. If this sharply antagonistic relationship cannot be resolved, it can only break up.

Making venture capital is different from making stock investments in the secondary market.

The reason why it is called venture capital is because the risk is extremely high, far higher than buying stocks. Similarly, because the risk is high, enter the market early. Once you succeed, you will get a rate of return that far exceeds that of stock investment, ranging from tens to hundreds.

Times are normal, and thousands of times are not unusual.

But even so, venture capital institutions die one after another every year.

It is really difficult to succeed in investing.

If you invest in 100 projects and succeed in 10 of them, you are considered an excellent investor.

In order to control risks and increase the success rate of projects, venture capital institutions have a different approach from stock investment - to strengthen control over startup companies.

After buying shares, investors can only watch how the company develops. Unless the shareholding exceeds 10%, they have the right to propose convening a shareholders' meeting and partially intervene in the company's development.

But doing venture capital is different.

Even if investors hold less than 1% of the shares, they can still enjoy special preferential treatment because they entered the market early. Investors help entrepreneurs better complete business development through multiple measurements of corporate strategy, direction, performance and financial statements.

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But the question is, what kind of help is good help?

It often does a disservice.

Take NetEase for example. After completing the financing, the investors helped NetEase hire a professional manager from elsewhere to be the CEO, and sent Boss Ding to be the technical director. As a result, the two people had different ideas and had fierce conflicts.

During the bubble crisis, NetEase’s stock price almost cleared.

Later, Boss Ding bought a large amount of NetEase stocks at a very low price, and the shareholding amount exceeded 40%. Together with some investors and executives who supported him, the total share held exceeded 50%, which was considered a firm control.

Corporate power.

There is no need to be too harsh on this kind of thing.

Both the founders and investors hope that the company will become bigger and stronger and become more and more successful. However, there are differences in ideas, and there will be some open and covert attacks.

For Ziweixing, the situation is now very clear.

It’s the relationship between fish and meat.

Investors are at their mercy.

First there is a 10 billion headquarters park, and then there is a 10 billion data center... What is this going to do?

I want to check the accounts but won't let me.

I went to the court to apply for enforcement, but there was no response at all. When I asked, they just said I would go back and wait for news.

It's over!

There is no way.

Unless you completely give up your investor rights and let Ziweixing's management team do whatever they want. But is this still called venture capital? Isn't it the same as buying stocks?

Without supervision and advice on enterprise development, how can investment risks be controlled?

IDG is the oldest venture capital institution in the country and is the most intolerant of this kind of thing. When it invested in Penguin, it was out of control and it withdrew halfway.

So after Ziweixing launched its second tens of billions plan, idg learned from the experience and made a decision.

Even if Ziweixing really develops in the future, I won’t play anymore!

Losing control over the enterprise means destroying the entire set of investment rules created by idg over the past decade or so. It doesn't matter if you make less money, Ziweixing is just a case. You can't break the rules just because of this incident.

Then, the newly appointed vice president and senior financial director Nie Caijun received a written notice from IDG and Jinshajiang, requiring Ziweixing to repurchase the shares they held at the price of the A round.

One shot and two breaks!

No more playing!

When Nie Caijun saw this notice, he was as surprised as if he had been promoted.

Unexpectedly, it really happened!

These two unstable time bombs are really going to quit!

The introduction of idg and Jinshajiang was done by the predecessor Wang Haoyang, but he was raped. If he can solve this internal risk as soon as he takes office, his prestige as a new official will be established.

However, the boss seems not satisfied with the repurchase at the original price and wants to peel off some skin.

Nie Caijun pondered for a moment and was not in a hurry to reply. He wanted to report to his boss. With the current financial situation of Ziweixing, it is not easy to buy back even at a discount.

Unless idg and Jinshajiang are allowed to sell their shares to other investment institutions.

But this will destroy Ziweixing’s shareholder structure plan.

Not just any investment institution is qualified to be a shareholder of Ziweixing. Such early investors can see Ziweixing’s board meeting materials, financial statements and many other internal documents, which are confidential.

Let’s take a look at what Boss Zhou means.

At this time, Zhou Buqi was leading He Yang, Xu Liangjie, Zhang Yiming, Shi Jinglin and others, as well as a group of top students who had returned from overseas, to accompany the inspection team of the senior leader to carry out research work.

The top leader’s research focus was not clearly stated.

But Zhou Buqi knew it well.

It must be related to the large amount of support from the state.

That's easy.

We must try our best to show Ziweixing's high sentiments for the country and the people in front of the big leaders, its big picture, its contribution to the simultaneous development of the Internet environment, and its determination to firmly explore in core areas of science and technology.

Another very important display is the school network.

Almost every leader comes to investigate, and Ziweixing will arrange to go to the school network to show the leaders that Ziweixing attaches great importance to college students and provides all-round online support.

The emperor has no shortage of hungry soldiers.

If Xiaonei.com helps college students like this, should the country also help Ziweixing like this?

Just as Guo Pengfei was giving a detailed introduction to a series of plans and products of Xiaonei.com, Nie Caijun quietly came to Zhou Buqi and talked about the investors.

Zhou Buqi raised his eyebrows, "Are you going to quit?"

Nie Caijun said: "Yes, I just received the letter. It is a formal written notice that you want us to buy back the shares."

Zhou Buqi shook his head, "Repurchase is impossible, we have no money."

Nie Caijun tentatively said: "How about I take action immediately and contact some reliable investment institutions to take over their shares?"

"No need!" Zhou Buqi waved his hand, "I have my own opinion."

Nie Caijun hesitated slightly, "Then this matter..."

Zhou Buqi snorted, "It's the same thing. Come as soon as you say, leave as soon as you say, it's impossible! You must let them cut and kill. Well... In this way, you reveal the affairs of the two houses to them."

"Has the matter of the two academies...the institute been settled?"

"Well, Shen Xiangyang has verbally agreed to join Ziweixing, saying that we will invest several hundred million every year in cutting-edge technology research and development."

Nie Caijun said in surprise: "Good news!"

Zhou Buqi smiled, then narrowed his eyes and lowered his voice, "Tell the investors another piece of tidbits, saying that I want to buy a private jet. The Gulfstream G550 is very good. The whole deal is only 50 million US dollars."

Nie Caijun took a breath and turned green, "Is this a lie?"

This is not good.

The previous two 10 billion plans are all true. The affairs of the two houses are also true. If you make up lies to scare away investors, your reputation will be too bad.

Zhou Buqi raised his eyebrows and said angrily: "What is cheating? I just want to buy a plane!"

Nie Caijun was stunned, "Do you really want to buy it?"

Zhou Buqi nodded, "We have this plan... Okay, you go and do what I say first."

Nie Caijun looked dull.

A bit silly.

I finally understand the pain of my predecessor Wang Haoyang.

This boss Zhou is not easy to serve!

After arranging the work here, the big boss seemed to be more interested in him and said with a smile: "If you are very busy at work, you don't have to accompany me."

Zhou Buqi said with a smile: "This is a matter for our Ziweixing and the two academies. It has been arranged."

"Two Houses? The leader is very curious. Can you tell us in detail?"

Zhou Buqi said: "Well, it's the Ziweixing Engineering Academy and the Ziweixing Research Institute."

"What's the difference?"

"The Academy of Engineering has been established... to do some specific applied technology projects, as well as outsourcing some high-end technologies. For example, the first project we took over was called distributed page loading."

"Very technical?"

"Yes, as of now, only Ziweixing in the world has truly mastered it. In this small aspect, we are ahead of Silicon Valley. At the same time, we don't want to be self-conscious, we want to lead our domestic Internet peers to develop together, and we are willing to share this

Technical achievements. When we develop this technology, the total investment is..."
To be continued...