Some suggestions from angel investors for Alibaba's new customers

The author was an early employee of Facebook and now an angel investor.

These days, I was refreshed by the happy events of Alibaba's comrades. This reminds me of the scenes when Facebook went public. All of them are public IPOs, But Facebook is so successful that Alibaba is very successful!

Congratulations!

Of course, congratulations, I certainly have heard more, so I will not talk about it. Let's talk about some of the experiences and lessons that have been brought about by suddenly seeing such a large balance in the stock account, this is especially helpful to engineers who didn't have much idea about assets.

The biggest suggestion is to calm down, adjust your mindset, and get used to the changes from "coanon" to "malong. In fact, I know that you have long known the possible value range of your stock after going public, so the total number of assets is not an accident. But the biggest difference is that paper money began to look more and more like real money. In the past, there were more imaginary figures. Now, at least the actual amount can be seen in a public brokerage account. You understand that after six months of lock-up, you can use the money at will to buy bean curd flowers. You can drink a bowl and pour a bowl.

But stop and calm down. Please get used to the mentality of being rich. I believe that Alibaba's shares will grow relatively steadily, and there will be no roller coaster price fluctuations like Facebook's lack of a trusted business model. Think about it before making any investment or consumption, and ask for more suggestions from people.

Good. Some suggestions from people.

I. About spend the money

Differentiate needs & wants

What is required and what is required. You still need to figure it out. Based on my experience over the past two years, more things are not necessary, but it brings a lot of mental burden. Not worth it. Of course, don't worry about me if you can't do what you want for financial reasons. For example, you have to think more about buying electronic products before. Now you can close your eyes and place orders. But remember to donate new things you don't need to help me relieve the burden.

　　Differentiation for experience or for Material

In the past, when I was young, I felt that I wanted to own this thing. I went to this place and came to this place. I gradually realized that these are not important. What is important is experience, it is the kind of chemical reaction that has been made in your heart; these are the important materials that you can brag about when you are lying in bed when you are white-haired -- "I think grandpa was a little older than you, when I was a little more handsome than you, I used ......"

　2. Optimize for the experience not the materials.

　　Tax

There is a tax issue after you sell each stock. You must reserve the money.

　　Tourism

Among so many consumable items, I feel that luxury is the least valuable (for men. The two most rewarding items are tourism and tea and chat with the cool people (as described below ).

Travel, in layman's terms, from a place where you are tired to another place where others are tired; use your own stories to exchange stories where others are tired. This is a wonderful life. This is to experience life.

　　Please have dinner, tea, and chat

After I left Facebook in late 2011, I met many people crazy in Silicon Valley and Seattle-old colleagues, investors, entrepreneurs ...... I learned a lot. After returning home, I made many friends. Basically, as long as it is an entrepreneur or a cool-man, I pay for it. (unless it is a big guy, you must give him a face to treat them ......). For this reason, I also opened an exquisite T-coffee on the side of the canal road in Hangzhou (of course, I am a coffee Controller ). Chatting with cool people is a very rewarding experience. After all, my personal experience is limited. One way to stand on the shoulders of giants is to chat with them.

　　Immigration

The United States-do not select, do not ask me what to ask; Canada-prepare for a few years of relaxation for immigration supervision; Australia and New Zealand-politically neutral, geographically isolated, it is suitable for the New World War with fear; Hong Kong-good tax law, also suitable for Chinese people, that is, the place is too crowded, at the same time, yuwei bursts of days, you know; Singapore-small local, the tax law is good, but it is only because of the geographical and economic reasons that he estimates that he will cooperate with China and the United States to do a lot of things, and there is no challenge to the new technology, but the compulsory military service should be more important for students with children.

　　Do not borrow money

Do not lend money to others at any time. If you borrow it, make the necessary preparations. Otherwise, it is better to invest in it for others. There is a good saying: Don't lend money to a good friend. You will not only lose money, but also lose a good friend. Of course, investment in convertible bonds is another matter.

One important thing you don't want to borrow money is-hold it and don't tell others the total number of your assets. Unless required by the business. You will always be able to respond with the appropriate reason for recent turnaround difficulties. To be honest, I often have difficulty in turnover. Which of the following statements can be used at any time with so much cash.

　Iii. About grow your money

　　Diversify: Be sure to distribute your assets

It is not a good idea to put all the eggs on Baba. of course, it is a good thing that Baba continues to soar. But this is only one of the many possible results. One core idea of asset management is manage your downside, and one of the key points of manage downside is diversification. Especially those assets that can be defended, at least do not make the correlation of all your assets too large.

　　A Diversification means buying a house.

I believe in real estate. One of my dreams is to have a high-rise apartment with scenic scenery in all major cities around the world. Can be self-occupied, can be rented. But do not participate in buying a house. Real estate can not only hedge high-tech assets, but also have a strong practical use.

　　Find two reliable private banks (PB)

You must have at least two. You need to be ready to change at any time, and only put the part of assets that you want to grow relatively steadily in Pb. Basically, I have met several of the most famous companies. I have used four of them and two fire companies. So far, no settle ...... But there are many lessons:

• 1) do not look for private banks in the United States;
• 2) Swiss private banks are the safest, but expensive. There are not many projects in Asia that can be involved;
• 3) You must first obtain a loan with stocks as collateral, so that you can borrow money quickly when you really need big money;
• 4) All expenses can be discussed;
• 5) You should think twice about the products recommended by private banks, many of which are to make your money;
• 6) The individual connecting a private bank to you is very important. Whether or not he/she is careful or not and his/her influence in the Company may decide whether you want to get what you want.

Prepare Estate Planning

Two things can be considered. If your assets reach a certain level, the trust can better protect you. However, the Trust is relatively expensive and the architecture is complex. It is best not to consider it if it is less than $10 m. In addition, you can purchase the life insurance product (preferably in Hong Kong ). Provide family members with a guarantee that they will be able to enjoy tax exemption when an accident occurs.

　　Investment Problems

The best investment is your own. Alibaba's new and expensive products are generally not old, and they can work hard for many years. Your greatest happiness lies in why you are desperate to answer these two questions for yourself. You don't need to look at people's faces. You can do things that you care about your own happiness. Don't waste the God-given fortune.

In addition to investing yourself, you can consider some investment la s that can make strategic sense to you. For example, as a technical master, you can consider investing in startup companies that your experience can help. You can also participate in some early-stage funds with consistent ideas, many of which have recently been involved. (Disclause: Linear just completed a $50 m round of funding, we don't have to worry about us in 1-2 years; a founder of P Ali is also our investor) if you are an avid fan of something, you can also participate in this type of investment, but make sure to control the amount-because at this time you are driving your investment in hobbies rather than professionals-for example, my coffee investment.

My biggest advice for investment is: only invest the money you have lost, and the money you have spent is gone; this type of ultra-high venture capital should not exceed 20% of all your assets.

　　Fortune Management Club

Facebook has an early employee club, whose self-Ridicule is "nouveau riche 250", which means that the first 250 people in the family are two. We often have endless discussions about how to face various problems in wealth management and share the common background and trust, let everyone share their learning costs in the face of new wealth issues through sharing lessons. This group of people talked about funding temple reconstruction in Mexico ...... We strongly recommend that you have such an organization.

Finally, spend more time reading books and thinking about what to do next. If you have entrepreneurial ideas or want to talk more about the ideas in the process from codoon to Malone, send an email to [email protected] or follow the linearventure public account of linear capital.

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Some suggestions from angel investors for Alibaba's new visitors)