Han can invest in Chen: To be a Goldman Sachs in China

Chen this reporter Shifang from Beijing Chen is the first group of student entrepreneurs in the United States representative figure, he founded the Gric Company in 1999 on the Nasdaq listing, he himself became the first company in the United States to take the listing of Chinese students. Back in 2003, he was able to invest in a Chinese-made Goldman Sachs target to Silicon Valley in 1985, when a plane flew from Beijing to New York. Among the hundreds of passengers on board were a young man named Chen, 23 years old and Shaanxi.　　Previously, he was a faculty member at XI ' an Jiaotong university and was recommended by the Department, who had the opportunity to study at Stony Brook University in New York, USA. The poor student from the mainland, after a week in the United States, has been the fate of the favor, and graduated from the Taiwan University of Beauty Liu Yaling acquaintance, and then came together.　　Liu was at Stony Brook University is a school-level figure, is a lot of Taiwanese male pursuit. 4 years later, Chen got a ph. D. In the future, he had two choices, a professor, or a start-up.　　Thinking inertia determines his choice at that time, in Chen childhood, the idol of that era is a science giant-Chen, Hua, Madame Curie, Edison, he wants to be them. Move to change the scene. In this New York land, self-made, empty gloves White Wolf's American Dream, is enough to let the Chinese young people come here to blood boiling, Chen is no exception.　　For almost the same period, Shen, founder and executive partner of Sequoia Capital China Fund, gave up his dream as a mathematician, bent on going to Wall Street. Chen left New York and went to Silicon Valley in Northern California. These two places have different styles, and someone told Chen: "If you see 4 men chatting in New York, they must be talking about stocks; if you see 4 men chatting in Silicon Valley, they must be talking about starting a business." "Silicon Valley is located in California State San Francisco Santa Clara to San Jose nearly 50 kilometers of a narrow strip, is an important electronic industrial base in the United States, but also the world's most famous electronics industry concentration."　　This land, has been born legend.　　There is a book called "The Heat of Silicon Valley," a detailed description of the birth of countless legends of the region: the HP founder to repair the oscilloscope of the garage, Microsoft's cozy cabin, the fairy child of the energetic young man to create the inspiration of the CPU, intel that brilliant flowing bar ...　　Standing on the ground of Silicon Valley, Chen found: The buildings around the plain, few high-rise buildings, mostly three or four floors, hidden in a tree. Walk Mai Chen began its Silicon Valley adventure.　　He worked with his wife while looking for entrepreneurial opportunities. Originally Chen wanted to use in the United States to learn, for Chinese enterprises to do consulting, the company's name is "know-it-all", but no one is willing to pay, "friends to help out an idea, how to collect money ah?" "In this kind of thinking inertia, failure is inevitable ...　　Subsequently, in order to survive, Chen to some IT companies to do technical solutions, annual income can also be 200,000 dollars, more than the average engineer one times higher. At the end of 1993,Internet browsers and windows are starting to appear, and Chen wants to be a dial-up Internet company. Chen the 200,000 dollars he earned, invited his classmates from Xi ' an Jiaotong University (dial-up internet technology expert). Then from the wife of Taiwan's family into the 500,000 dollar "angel investment", bought some routers, rented the telephone company's line.　　His first ISP, Inc., was established in 1994. Chen entered is a burning money industry, soon, his little money will not hold up, he needs to introduce foreign funds.　　At the beginning of the 1995, 30-Year-old, with a long hair Chen, around VC contact, the result he was everywhere! American face disdain: "You Chinese people only cook clothes, know how to make money?"　　"No two trustworthy people to the United States referral, obscure Chen a phone, a mail to VC sent past, no one to ignore him." In the United States there is no money, languish stage, Chen to his wife's cousin borrowed 100,000 dollars, he in the office every day pondering, how to convince their Chinese compatriots, why it is worth giving him money ...　　In the end, Huang, a Taiwanese who has already started a successful business, promised him 2 million dollars in financing.　　After signing that big pile of papers in the lawyer's building, 2 million dollars came to account, and Chen felt like a drowning man on the shore.　　Chen did not write the story of the fundraising as legendary. The top three of the companies that dial the Internet are listed and may not be moving forward.　　In 1997, Chen sold the company 10 million of dollars in cash to Verio, then Verio integrated several small companies and sold it to a Japanese company after listing 5.6 billion dollars. "If I choose half the cash and the other half is in stock, I can make 400 million dollars, 40 times times worse!" "Chen watched the wealth derivative and magical explosion of the process, the heart is very touched, if the company sold the way is" stock + options ", then he is a piece of people.　　But nothing, if anything, has nothing to do with him.　　Nasdaq listing has come to this point, the Chen to integrate into the mainstream of American society, brewing a second start.　　May 16, 1996, Chen founded the Gric Company, the main business is the global roaming service, he made a roaming software, the software is applicable to all countries in the global network of different service providers, how to persuade countries to join the alliance, this is a difficult problem.　　To convene a global press conference three days before, the service providers suddenly want to not understand a problem, why and this is called Chen, they can fully cooperate. Drastic。 Chen's good eloquence once again played a role, he went straight into the core with the operators of various countries to analyze why to cooperate with him, "the first alliance is too loose, who will not be the boss, who is not willing to invest in research and development, things will be nothing;" The 2nd you do not, your competitors will work with other alliances. Chen persuaded them. But the clash of cultures remains in the company's future operationsThere。 The company's group of American executives stubbornly adhere to their own management culture and philosophy, which once caused the company to burn countless money, facing crisis.　　Chen's idea, some American executives are always against, "we do not agree with you ..." But the boss is Chen, the people who make the decision is also Chen. Several years down, Gric slowly grew into the world's largest network roaming company. The United States At&t, China Telecom, China Mobile, Asia Telecom, Nokia and many other companies have joined the International Roaming Alliance.　　At that time Gric in more than 10 countries have branches or offices in more than 150 countries have networks. Chen thinks it's possible to run the company's IPO, but some U.S. executives are adamant that the company hasn't made a profit yet, but on the Nasdaq, many companies have no turnover and a concept is on the market.　　The dispute in the company went into overdrive. The two sides are arguing, and the final solution is quite humorous. A geomancer looked, said: "Very simple, the company is short of money, to expand, and then have 30 million dollars there, one you can get, one is this year definitely get, you want Which?" Obviously, this year should be taken.　　"In December 1999, with the help of Royal Bank of Canada, Gric finally landed on Nasdaq before the dotcom bust and became the largest company in the United States." Limited Road "I was leading the company to go public on the idea is very simple, I would like to prove to the Americans, I am a Chinese students, as well as in the United States entrepreneurial success, the Chinese people not only can cook, do tailor, also can be CEO, but also the company to bring the listing!" "Once, when the United States held an international conference, the need for Chinese voice, China Mobile's boss, or please Chen." Through these meetings, Chen has the opportunity to make the CEO of many big American companies.　　He called the CEOs of the big companies and they didn't respond.　　To some extent, Chen succeeded, but the Silicon Valley, where High-tech companies have been piling up, is just one thing. As for the situation of the Chinese in the United States, Zhang Sohu, chairman of the Board of directors, who is 2 years younger than Chen and 1 years old in the United States and Shaanxi, said, "I look at the situation of Chinese people in American society, just like the light of a few flashlights in the dark Night, the road　　"Chen not reconciled, he wanted to enter the mainstream society in the United States, he also figured out that their own presence can not be personal identity, to represent a group of interests." 1999, Chen founded Huayuan Science and Technology Association, Huayuan is from China, the original intention is to help in the Silicon Valley entrepreneurial Chinese financing.　　There was a group of unofficial elites in Silicon Valley, such as the Churchill Club, the Indian Science and Technology Association, and the Yushan Technology Association.　　At that time, Sina, Sohu, NetEase these Chinese concept companies have not landed on Nasdaq, the deeper economic and trade exchanges between China and the United States is only revealing, the Chinese people in the mainstream of the U.S. society is still marginal. "At a CEO meeting in the IT industry, I and Compaq CEOShook a hand, I would like to talk to him about cooperation, he said "How to Are You", ignore me, just since Gu and now Google CEO chat.　　I had to sit around and stand there ... Although Chen was the first interviewee of the "Silicon Valley saga" of penniless, now Baidu's founder, chairman and chief executive, and a rare Chinese in the CEO of a listed company, it was far from mainstream.　　Chen claiming to be a company, people say "never heard of ..."　　In the early 2003, Chen the CEO of Gric, leaving only the chairman, who returned home to be a Chinese investment bank outside Morgan, Goldman Sachs, Citigroup, Merrill Lynch and UBS. Goldman Sachs dream he went all out to start a new company---------------Han Investment Consulting Co., Ltd., headquartered in Beijing, Chen, he will be "China's Goldman Sachs "Han can" means ' Chinese can '!　　"Help the Chinese to raise money and tell the Americans stories." "My first client was a retired senior engineer at an American Applied Materials company," Yun Zhiyao. He wants to open a semiconductor equipment company in China, with nothing but a 18-person team and a piece of technology, but he desperately needs financing to get the company going. Chen soon melted into 38 million dollars for the micro-semiconductor equipment company. Today, the company has become one of the best semiconductor companies in China.　　Han can make nearly 1 million dollars from the first single business (the usual profit model for investment banks is to get 3%~7% as a commission on the amount of financing). 2005, the original 32 million yuan of the frame medium, through the Chen and partner Tan operation, less than a year to sell 183 million dollars.　　Chen and IDG's 15 million yuan investment in the framework has become 500 million to date, creating more than 60 times times the return on investment, a classic case of investment banks investing in Chinese companies. Chen is a very high-profile person. He has not only access to various forums related to investments and investment banking, but also lectures at universities such as Tsinghua University and Peking University. He also often on television, newspapers, magazines.　　A few years Chen has become a celebrity in business.　　Although in the emerging returnee investment banking, but Han can not be the mainstream in China's domestic investment banks, with the CICC, Citic Securities, such as the Central-level "giants" compared to a completely not a heavyweight.　　Still, Chen believes that with China's growing economy, it has the ability to make dreams come to the roots. This, along with Huayuan Science and Technology Association's gradual growth will be able to glimpse the clue.　　In recent years, with the deepening economic and trade exchanges between China and the United States, former Vice President Al Gore, Silicon Valley VC giant Kleiner founder partner Doerr and so on to participate in the annual meeting of Huayuan Science and Technology Association. In the United States, through the platform of China's source, more Chinese in Silicon Valley have gained the trust and investment of American VC.　　At the same time, Huayuan Club has also absorbed the Chinese local it elite, such as Lenovo's Yang, Ufida Wang Wenjing, and NetEase Ding lei.Chen is very grateful for the Chinese symbol, "I often tell Chinese entrepreneurs that you are so attached to the United States, not because of your personal, but because of the development of China's economy." "And in Beijing, the first time to see Chen, sitting in the 14-storey center of Huamao, Bright office, he told reporters, on the day of the interview last week, he went to the Robin Li's family, for Lee's children birthday."　　The next few days, see Chen again, in Beijing Shaanxi Business Chamber of Commerce, the second session of the General Assembly, Chen and Feng, Charles Zhang, Feng and other people sit together. "A Chinese, at home is a level of other, to the United States may be the B-class, and in the United States is a class of people, to China may be a + class." All sectors of the community will pay attention to you and are willing to listen to your views. Chen regrets.