How to build a grand miracle? Soft silver 40 million investment harvest 560 million USD

How to build a grand miracle? $40 million investment gains 560 million dollars

SoftBank Asia invested huge resources after the big investment. Joe and Zhou Donglei have about 20 months of time almost every day in the grand, helping to grand adjustment of the organizational structure, management structure, the establishment of a management return mechanism, financial forecasts, financial monitoring system.

Topaz, the managing director of the Http://www.aliyun.com/zixun/aggregation/4510.html Asia China region, then spent a great deal of time and energy, and with South Korea's managing director, Don Han, Will grand and Actoz again pull to the negotiating table, or even directly represent grand to South Korea and Actoz negotiations, finally contributed to the grand and Actoz reconciliation, and finally resolved the biggest risk of investment grand.

Reconciliation with Actoz is critical to a grand final listing: The first is the "legend" game Operation no worries, followed by if there is litigation in the body, for the listed companies to invest in investment institutions to see the risk is too large, will not be sought after by institutional investors, there will be no investment bank is willing to underwrite for the Grand IPO, Shanda is actually not listed.

At the same time, SoftBank Asia and Shanda together to develop a horizontal and vertical development strategy, or even directly representing the grand with the new European and American game agent negotiations, in order to achieve cross-platform strategy, to assist the grand merger in Silicon Valley, a cross-platform network game technology company, until the grand listing.

2004, May 13, a grand success on the Nasdaq listing. 8 months later, under Yan's auspices, SoftBank Asia successfully withdrew from its high stock price, and 40 million dollars had become 560 million dollars, one of the most successful investments in venture capital history.

Chen Tianqiao to the soft silver Asia investment Shanda: It was the biggest investment in the Internet sector at the time (2004 ago), and it was also the least-held investment--with a 40 million dollar stake of 21.5%.

He chose SoftBank Asia for three reasons: first, SoftBank Asia recognized the grand value; second, SoftBank Asia to the grand business more understanding, can help to make some decisions, improve the grand management; The third is SoftBank Asia in the grand and Actoz disputes between the act and the matter, resolved the grand development of the history of another crisis problem.

These two roles can be replaced by some investors, but one can invest in the full 40 million dollars, but also to understand the grand business model, at the critical moment to help only SoftBank Asia. Helping to bring about grand and Actoz reconciliation, and only SoftBank Asia can be completed. SoftBank has invested a lot of internet companies around the world, and is influential in the global internet world, especially South Korea.

It is also because SoftBank Asia's team fully affirmed that the business model of online games is likely to be a significant success in China's Internet environment, and in the Grand case to invest a great deal of resources to help grand strategy, defuse the risk, before the grand in a short period of time landing on the Nasdaq. SoftBank Asia is also writing history because it is trying to help the companies that are invested and to get high returns in the short term.

Citis and Joe both think that at that time Shanda did not need money, Shanda needs is in the strategy, mechanism, corporate governance structure, financial management and other aspects of help. Chen Tianqiao team execution is very strong, he needs in strategic and tactical have someone to advise him. SoftBank Asia just appeared at the right time, the right place, and played a suitable role.

In the grand entrepreneurial history, Chen encountered two venture capital. The investment of the Chinese net was a timely one, but it failed to make a perfect ending; the investment of soft silver is icing on the cake, but it shows a moving story of entrepreneurs working together to grow capital.

The investment of the Chinese net in that year is multiple to the meaning of Chen flyover: he lets Chen on the multiplex road to suffer the defeat the pain, obtains the operation an Internet enterprise initial experience, also lets the Chen Tianqiao realize the capital will the formidable, when its and the entrepreneur's will is inconsistent, the entrepreneur will face what kind of predicament. In the history of the grand later, Chen has always attached importance to the control of the company, to the grand listing, Chen and his family still hold a grand nearly 70% of the shares, which in China's internet listed companies, even the global listed companies are rare.

More importantly, the withdrawal of the Chinese network will be bite Chen flyover forced to the situation: "Legend" if not successful operation, entrepreneurship will end in total failure. Therefore, Chen Tianqiao focused on the operation of the legend. It is difficult to imagine, the Chinese net finally succumbed to Chen Tianqiao will, Chen Tianqiao not only get the "legend" of the operation of the right, but also have extra money to do other business, grand later will develop into what appearance.

2004, Chen Tianqiao after the listing, the deep pockets of Chen flyover began a series of horizontal expansion, began to invest a lot of IPTV and other fields, will be a grand play to create "Web Disney." In the soft silver Asia exit, Chen flyover for the grand have absolute control, Shanda but because too focused on horizontal expansion, and its network game main business but repeatedly lost market share. In the field of network game business, Chen was once the ding lei of NetEase, nine city Zhu, even a complete novice shi Yuzhu more than. To get out of the predicament, Shanda finally returned to the main business of online games.

Source: http://www.vcexpress.cn/?p=390