How Do Millions Of Post-80S Brothers "Throw Money" Start Their Own Businesses?

Dai Yin, born in 1986, was from Wuhan to Shanghai at the end of 2006. When he met with general manager Yang Pei, who was born in 1980, "Blue Ocean venture capital", he behaved stiffly and his face was red and red.

Unlike ordinary kids, he carried hundreds of millions of investment funds from his family to Shanghai to start a business.

But he did not know what VC was. He dropped out of a university for a very long time. He used to be familiar with his father's money in making money in the real estate market and stock market.

A year later, Dai Yin's body also changed from the lean to the present giant. He and several partners set up a fund company "Tonghui venture capital", invested 12 projects a year, and professional investment funds may only have one or two projects a year.

His projects range from 8 million to 30 million yuan, including the hot new media area of venture capital, including a trip to Pakistan to invest in a public utility.

"He throws everything."

The partners around him rated him with a laugh.

They are not much better.

Blue ocean venture is a new platform to call investors and investment projects. Around this platform, there are forty or fifty people born in the 80s who do not know how to venture capital but are eager to join the industry.

Most of them are rich in the two generation. Their parents are rich in the provinces, and some families have 3 listed companies.

Behind everyone, there are at least hundreds of millions of dollars in assets, so Yang Pei will exaggerate that these assets will be used in venture capital at least 100 billion yuan.

Moses Chan, born in 1982, is an investor in blue ocean venture. He is optimistic about this platform, but he has no exaggeration of Yang Pei.

Moses Chan's father is a rich man from Jiaxing, Zhejiang. He was cautious in education since he was young. He said, at present, the investment funds of the four or five core members are only a few billion yuan. "The parents have not given the money to them at ease."

The more than 10 people who are eager to invest in all day and professional venture capital researchers add up to tens of billions of dollars.

The total amount of funds of all members is not known, but "if one day, their parents let go and give money to the manufacturing industry at their ease, they will not invest in the capital market."

And these private capital will become a new force after entering the VC market.

Moses Chan took the two generation of the more than 10 provinces into the group. They would wear famous brand suits when they were discussing the meeting. "Usually very casual, there are a couple of people who like the Internet cafe atmosphere, and the ones who play games there are very common. The main reason is that they haven't seen any famous brands since childhood." therefore, these two generation and other "two ancestor" groups are different, most of them drive ordinary cars; they gather at teahouses many times a week, "PK".

Their headquarters, blue ocean venture capital office in Pudong, Shanghai, a common office can be described as simple, monthly rent of only 10 thousand yuan, and the general venture capital fund office location can not be compared.

"We feel that we can do things, not ostentation."

Yang Pei said.

The only thing that brings the dandy breath is some bar gatherings.

Some people said no beauty at a rally. One of them made a phone call and immediately came to over 10 beautiful models and ballet dancers.

But this is what they don't want to talk about. They try their best to show their healthy and upward image.

"The development rate of China's 10% in foreign countries is real, and the venture capital has finally entered a large scale."

In 2005, Tong Shi Hao finally moved his Qiming venture consulting company as his partner to Shanghai Jinmao Tower.

Before, he did venture capital in Taiwan and Hongkong. Before that, Southeast Asia was a hot spot for every country's fund, and it was also his place of work.

As an international professional investor, he said: "I have experienced the venture capital craze everywhere, and now, the large-scale overseas venture capital fund chooses China."

The Chinese venture capital fund, which is surging from the rich two generation to the surface, is the "Chinese capital" that Tong Shihao has long noticed. "The scale is not big, and some companies who want to list overseas do not want the money."

Because compared with overseas funds, China's private capital is not "good money". It is not very helpful to companies that want to go overseas. They will go to some professional investment funds and get experience from them.

But in 2007, many new policies such as share reform, full circulation and A share listing and exit mechanism stimulated the enthusiasm of investment funds, especially the high profits of VC when they withdrew. They attracted the "private capital" of China which had nothing to do with the industry, and the dual stimulation of RMB appreciation.

The new more than 20 year old VC industry has become the searcher of exports.

Chen Donggang sat down and announced, "I am the standard" two ancestor ".

He sat there, and the waiter came over to pour water. He didn't even have the smallest cooperation. In his view, this was the way to maintain his identity.

His family's export of low voltage electrical appliances was ranked first in China for several decades. "Billions of dollars a year," he said in an understatement in 1982.

These were his father's achievements, but as soon as he talked about the VC he had just come into contact with, his tone was a lot bigger.

Just investing for a year, his face is full of pimples, and his hair is much less. He says these are all signs of anxiety.

The source of anxiety, in addition to worries about the future of the family manufacturing industry, also comes from the ambition of more than father.

He always feels that his father who likes photography and can't take pictures of Xinjiang is not a suitable investor. "He is an artist and he doesn't know that manufacturing is on the wane."

They belonged to family businesses who moved from Wenzhou to Shanghai, but their father did not want Chen Dong to inherit the business. When Chen Dong was admitted to the civil service, his father was very excited and felt that his son's life could go smoothly.

But after thinking for a day, Chen Dong ran to his father and said to him, "I think the manufacturing industry has made a small profit. I want to help you manage the business."

My father did not listen to him and drove him away.

Later, my father gave the factory management to his brother. "When I talk about the manufacturing crisis again, he will say," it's your brother's business. "

And gave him nearly 1 hundred million, let him go to hotel investment, holding on to the gas Chen Dong face all the management of all problems, "cheated simply do not understand."

He realized his mistake and qualified investors should go to the right people to manage the investment.

"Begin to dig for talents everywhere. In order to dig a famous chef, Beijing flies two times a month in half a year."

The management team he was searching for was older than himself. "Ambitious people, but that ambition is what I can control."

He repeatedly emphasized ambition and felt that this is the key to his future success.

The latest way out is to invest in capital.

After managing a year's investment, he feels that he has too much to learn, including to turn himself into a professional investment fund manager. "That's the way to ensure that his family's assets continue to appreciate."

On the Internet of Wenzhou chamber of Commerce, he saw the news of the group, and on the second day he had an appointment with Yang Pei.

Like Chen Dong, who is eager to pform the family wealth from manufacturing to capital operation, Yang Pei can see one or two at least every month, "the number is still expanding".

Yesterday, there were also second generations of Fujian businessmen who were preparing to list the family businesses listed on the phone. They wanted to fly to Shanghai immediately and join Yang Pei's group to help the family to arbitrage from the listing.

"Many of them have the same background, the family business is very large, but they are not like the" Alibaba "and" Ctrip "new enterprises, basically the traditional manufacturing industry, and most of the parents want to keep the family, do not want to put family businesses on the market.

They feel that they are young enough to play with the capital market. Their ultimate goal is to surpass their parents and surpass their friends in their surrounding circles.

Yang Pei explained.

Zhu Shun, who runs a Benz sports car from Yiwu to Shanghai, is also such a mind. After knowing Yang Pei, he would drive out in the middle of the night and catch up with him to attend "study" in Shanghai before 9.

When they heard Yang Pei talking about the new media, he was born in 1983 with a very serious expression, like a student returning to the classroom.

His home in Yiwu's foreign trade processing plant, every year "also hundreds of millions of yuan income".

In Zhu Shun's view, these hundreds of millions of yuan income is not solid, "now RMB appreciation, profits have dropped 5 points".

Parents also hope that he can go to the unit as a civil servant, "the family money, as long as no drugs, many lives can not spend."

But Zhu Shun also dropped out of College at halfway. "At that time, we could use Yiwu local accounts to stir up land, and we could earn millions of dollars."

His goal is to put family businesses on the market, but parents do not listen to him.

When he was on his birthday, he asked his mother to give him a house as a gift. "I want to speculate, but I didn't like the factory's business and liked to play capital games from a young age."

His capital game is mainly in Yiwu speculation and loan sharking, "we are small cities, on the one hand, foreign trade is extremely developed, and on the other hand, financial awareness is very underdeveloped".

Zhu Shun, 20, found that the housing market information was not yet developed, and many of them were posted directly on the wall. "I quickly became a speculators there."

By more than 10 sets of houses arbitrage about 10000000 yuan, and then do underground banking business, also quickly become a master.

So when he first came to Shanghai to take part in the VC discussion, he said, "how much profit does this project have?"

So far they have become Yang Pei and they laugh at him.

Yang Pei, a qualified LP or GP, has realized that the profit margin of capital investment is huge before he contacted them. He has already started his own VC test. The test items include: buying 3 islands in, and investing millions of dollars in each island. "It was bought with our president of the local chamber of Commerce, and he talked with him, he would not lose money, he could take the opportunity to learn something from him."

Invest in a sand digging factory in the northeast, because there are new friends there, and think it's an opportunity.

He invested in training schools in Yiwu because he liked the training himself.

Several websites have been invested, because the industry in Yiwu is not well developed.

I also invested in TV dramas. "I like TV dramas very much."

The money invested partly comes from the income from speculation and more support from parents.

In the eyes of professional VC people, these investments look ridiculous.

Xu Xin, 40, is the general manager of today's capital. She said coldly, "these children in Zhejiang are the ones who invest money in their families."

She obviously felt that these VC didn't even have an entry level level. "Professional venture capital companies only invest in the best companies in the industry".

Zhu Shun also realized his problem.

After arriving in Shanghai, he felt that his biggest problem in the past was to put his eggs in different baskets, and now he felt he wanted to find a good project to make a big one.

Shanghai, in Zhu Shun's view, is the best test ground. "So many new projects are here. This is totally unthinkable in Yiwu.

There, billions of bosses bought computers and play poker, and now they know QQ. "

There are many people like Zhu Shun's ideas. Many of them in Yang Pei's circle are planning to excavate their first wealth in Shanghai.

In the VC industry, LP points out that managers do not participate in any management and are called "limited partners", while GP refers to professional managers of investment, also known as general partners.

According to foreign experience, many family property inheritors are mostly LP. They only pay their money and wait for their income. But the people around Yang Pei do not want to be LP. They are more eager to become mature GP and manage their own investment funds.

As a mature GP, the most important thing is to find suitable investment projects, including suitable project managers.

Yang Pei, who loves playing games, provides a theoretical foundation: "to do venture capital is to see people, and to see people in daily life."

They will play games with people who are looking for investments, karaoke, go to bars, see each other how to do it, and then judge if the other person is right.

Generally speaking, many people who come here to find investment are young people.

Yang Pei feels that online games are the correspondence of life.

When we first started playing games, "everyone is a little soldier. After a period of time, with money and equipment, then we can see the way people attack each other. It is possible that the equipment is lost, which means bankruptcy. Some people will give up playing, and some will be enterprising and start again.

At this time, I will definitely find the kind of person to invest behind.

Yang Pei felt that the latter would always make a comeback, "and he had friends in the game."