Xu Xiaoping: Show it to Yu.

Xu Xiaoping: Show Yu "One wants to sell pork online and the other wants to make a movie. These two ideas are ... wonderful. " Xu Xiaoping swept away the fatigue of staying up late and began to get excited. He leaned back in his chair and gave a loud laugh from time to time. He met with investors the day before, three at a time, and made two decisions on the spot. Two projects made him so excited. Xu Xiaoping can't see any change at present. It seems that xu teacher, who is doing visa consultation in New Oriental, is easily excited and excited to talk about his ideals and ambitions. But he no longer talks about going abroad, visas and career planning, but about starting a business and investing. This kind of Xu Xiaoping is an anomaly in the whole investment circle. Without the background of independent entrepreneurship, he was born in Wan Li, far away from the hottest entrepreneurial industry at present, and openly declared that he lacked investment rationality. But it was this person who announced the establishment of a "Zhenge" fund at the beginning of 201and invested in 40 or 50 listed companies in the next decade. When Yu was recalled to China, they were called "Troika" together with Yu, which supported the most critical period of the development of New Oriental and reached the peak of their career, but then they fell apart like a couple who were not * * * full of adversity. Xu Xiaoping did a lot of things in the next few years: giving speeches, writing books, investing in movies and plays ... investment, like these, was just a way to enrich himself after he suddenly lost his focus. Now, at the age of 55, he announced the establishment of an investment fund with great fanfare. It seems that angel investment is his ultimate career choice? That's not the answer. On the same day that he agreed to two projects, he met a third person. "I have been dragging, and I feel unreliable." He said. But in the end, I still can't bear the insistence of the other party. I met, "I haven't listened for half an hour, and my head is cold." The temperature of my mind is the only important criterion for Xu Xiaoping to decide to invest. "When other investors hear this, they will immediately terminate the dialogue politely. No way. " In the next hour and a half, Xu Xiaoping taught the entrepreneur how to answer questions, how to explain his business strategy clearly, and even promised to help introduce other investors. The conversation didn't end until four o'clock in the morning. As an angel investor, this is not out of line. In fact, there are still many places where he is outrageous. A few months ago, he and Lei Jun invested in the e-book Read More, with Xu Xiaoping as the chairman. In February this year, watch more new product launches. As the chairman of the board, he learned the news only after seeing Weibo of Lei Jun. "Lei Jun said that the product was not perfect enough, otherwise I would be invited to attend the conference. It is said to be very sensational. " When I said this, it was the kind of comfort and happiness of the shopkeeper. Some investment projects have changed direction, and he didn't know until the new model was formed. He also took the initiative to care about this project. Once he remembered an investment project with hundreds of thousands of dollars, and there was no news for nearly a year and a half, so he took the initiative to call and ask, the other party's project was very difficult. After the phone call, Xu Xiaoping was very sad and felt that it had put too much pressure on entrepreneurs. Since then, less management has become one of the important principles of investment in Xu Xiaoping. "Less management, faster investment and looser investment" are three characteristics of Xu Xiaoping's self-summarized investment. As long as Xu Xiaoping has a fever, many projects will be decided at once. Hot heads are his investment rule. Xu Xiaoping smiled again: What is Xu Xiaoping's brain? This is an extraordinary brain. I am the one who can infect others. If others can make me dizzy and impress me psychologically, his thinking and language are definitely rare. He is a genius and deserves to vote for him. In this circle, unfamiliarity is almost an iron law. For most people, we must choose industries that we are familiar with, and those with higher requirements, such as Lei Jun, must be familiar with acquaintances or projects recommended by acquaintances in the industry. These bosses have long been immortal in their respective industries. It is not difficult for them to judge the prospect of this project. They can even form a large-scale empire territory through investment projects, which is a business game they are familiar with. Xu Xiaoping publicly expressed his appreciation for Lei Jun, but he made it clear that he would not be an investor of Lei Jun style. "I study music and live by intuition." Another way is to experience pain. Xu Xiaoping, who has an "extraordinary mind", also went through an investment apprenticeship. In the past five years, he has invested in more than 40 projects, especially when he first set foot in investment. As a result, it is conceivable that he voted for almost all the projects that found him. The legacy left to him now is that when he talks about the achievements of his angel investment, he uses the rate of return rather than the success rate. "The most important thing is to have a masterpiece." (Sunshine Net Sun) In recent years, he has been secretly looking at his wife's face, and his wife, probably, has a black face more times. Therefore, every Spring Festival, vowing not to invest has become his reserved program. But after the Spring Festival, he couldn't bear loneliness and secretly tried the water. After all, there are no successful projects, and he claims that angel investors are not good either. This can also explain why Xu Xiaoping suddenly started high-profile. Now his investment list includes Lanting Jishi, Jiayuan and Sailong ... "There have been three rounds of project financing this year, and some projects will be listed. Maybe I will have projects listed every year in the future. As long as all my investments can be rewarded when I go public, my second life as an angel investment has been successful. " He said. He has a scholar's passion for form. In his past career, he always bid farewell to a period in some form, mostly writing books. In the past year, he began to write another book. 20 1 1 The establishment of Zhenge Fund at the beginning of the year also means this. On the one hand, the establishment of this fund means that Xu Xiaoping's angel investment in the past five years has come to a perfect end. At the same time, he wants to get away. "I'm looking for a venture partner, looking for three times, the other party didn't agree. A partner is second only to finding an object. " He refused to give his name. He is an old hand in the investment field and a friend for many years. He can be sure that even if he no longer intervenes in daily affairs, the investment style of this fund is still Xu Xiaoping style. Although he still retains the style of blind selection, he has a better way to select seeds. 2065 438+00- 10 gave a series of lectures on "China's entrepreneurial story and angel investment opportunities" in famous American universities such as Stanford, and invited overseas students to return to China to start businesses. By submitting their plans, they can get investment from Zhenge Fund, and another 100 interested students will return to China to participate in the "Entrepreneurship Forum for International Students" held by him in May this year. In fact, regardless of the project and business model, only investors are Xu Xiaoping's more determined concept after meeting investment tycoons such as Lei Jun and Xue Manzi. Because he has no industry background at all, his observation and selection are relatively pure. After five years of apprenticeship, Xu Xiaoping thinks he has accumulated a lot of investment experience. In Xu Xiaoping's expectation, the fund will invest an average of 20 companies each year in the next decade, with an annual investment of 5 million US dollars. In ten years, there will probably be forty or fifty listed companies. Xu Xiaoping said, "I can also be a great investor. "Fame and fortune and the next stop If the trajectory of life does not diverge, Xu Xiaoping's life should have only two parts, former New Oriental and New Oriental. He used to think that New Oriental was the pinnacle of his career and Mount Everest. However, with the development of New Oriental, the differences with Yu have become increasingly serious. " New Oriental is great, but we think it can be greater in some ways. For Yu, I have a hero worship complex, which is a worship with independent thinking and critical spirit. "When New Oriental went public in 2006, Xu Xiaoping withdrew from New Oriental. This is a break between heroes and heroes. Even today, I still regard Yu as a "bosom friend and brother". He described Yu as "an entrepreneur with a strong will, who can not only survive but also flourish in a harsh environment". He recalled that when he just returned to China and lived in Yu's house, he ate leftovers as a snack during the day, went back to the office to work overtime after dinner and slept on the floor. He is happy and carefree. If he hadn't left New Oriental, he would simply worship him and wouldn't want to surpass him. " Wang Jianggang joked after returning home, Lao Yu, what if we surpass you in the future? I don't think so. "But leaving New Oriental complicated his feelings for Yu. When he mentioned the reasons for setting up a fund and building a brand, he blurted out: Xu Xiaoping can do a beautiful thing again because it is famous and beautiful. "If I can surpass him in business influence and cultural influence, I can become a better me and be proud of having friends like me. Even if you can't surpass him, just getting closer and closer to him will spur him to become a better self. "Then he went on to say that you have a reputation as a fund, which is a third of jokes. Being an angel investment makes you feel happy, proud and full, but the most important thing is to get "fucking wealth". Unlike some people who think that money is only an accessory to success, wealth is an important goal for most of Xu Xiaoping's life, which is probably the concept formed by his experience abroad. If he had not gone abroad, he might have been a traditional intellectual in China, living and working in peace and contentment, and reciting My Humble Room when he felt the impact of wealth. He didn't realize the importance of money until he lived a hard life as an international student. He has the habit of keeping a diary, in which he once wrote: "It turns out that life needs a special period of time to make money. "1994, Xu Xiaoping once returned to China to start a record company. When he recorded the record, he was already looking forward to his life after he made a fortune. Even though he is desperate for money, the blueprint of this story is still an intellectual's entrepreneurial attempt. After the failure, he had to return to Canada again. " The traditional intellectuals in China are a group of people with business sense. No one will refuse money, only some people refuse to make money. "Xu Xiaoping said. Xu Xiaoping, who holds 65,438+00% shares listed in New Oriental, discovered the importance of wealth only after he became rich and met his daily needs. "I donated120,000 yuan to the Central Conservatory of Music (the alma mater of Xu Xiaoping). If I had more money, I could donate1200,000 yuan. Ma Yun and Li Yanhong will probably do such a thing in the future, but they will not think of donating money to the Central Conservatory of Music. "Gathering wealth and then dispersing wealth may be the most important role of Zhenge Fund. Therefore, entrepreneurs "don't think that I am a boy who distributes wealth. If I want to distribute wealth, I will be an entrepreneur concentration camp. I will only distribute wealth through charity. "As soon as the investment was effective and the purpose of enlarging wealth was achieved, he immediately got on the right track, looked for a partner to take care of it and tried to get out. For investment, he bluntly said that it is only a stage of life, and there is no real * * *. He tried to be an entrepreneur, but failed, and then happened to make an investment, but he never expected to become an investor. " There is only one thing that will continue to be done. Just look at my Weibo. "Xu Xiaoping started to open Weibo in Sina in September 2009. Up to now, more than 4,500 Weibo articles have been published, with 654.38+0.68 million fans. In Weibo, he paid attention to social hot events and the lives of young people and vulnerable groups, and "became one of the forces to promote social progress." If my life is divided into three stages, the New Oriental period is a stage, and the 55-year-old investment career is a stage, and everyone is very satisfied. Before the age of 70, there is a third stage, which is very grand. I don't know what that is. It probably has something to do with writing. It must be something creative. It's calling me. "