After returning to Pengcheng, Xu Xin did not go back to Hong Kong with He Zhengcheng.
"You are always good at cutting through the complexity of things and getting straight to the core. Thank you this time." Xu Xin said.
"It's nothing. I haven't even thanked you for helping me contact Lenovo. There's no need for us to be so formal. But I did notice one thing: Ding Lei has no knowledge of management and doesn't seem to recognize its importance." He Zhengcheng said.
"It seems so!" Xu Xin said.
"Sister Xin, if you have an idea, you could investigate domestic entrepreneurs, especially starting with well-known companies, to see how many recognize management, and what their attitudes are towards professional managers. We'll see in ten years what kind of changes these differences bring to their businesses.
How should founders and managers balance their roles? What kind of advice should we give entrepreneurs? How can we help them grow? We can't just rely on gut feelings, can we?" He Zhengcheng asked.
Entering the 21st century, many excellent domestic enterprises disappeared from market competition due to imbalances in corporate management, especially Vancl. Its marketing and advertising at the time were genius, but unfortunately, the entrepreneur didn't understand management or business. Relying on a bit of passion, he ultimately failed to create a legend.
"You're thinking very far ahead." Xu Xin said.
"I don't want to make one-year investments; I want to make ten- or twenty-year investments and become friends with founders, growing together.
Don't be afraid to appear unprofessional. What we need isn't professionalism, but sincerity. Of course, resources and background are our foundation, and past investment performance is the beginning of trust." He Zhengcheng said.
In today's society, professional division of labor is very detailed. Venture capital firms are not stronger than McKinsey in corporate consulting, cannot compare with the Big Four accounting firms in finance, are not good at law, and certainly cannot compare with professional institutions in investment banking.
How to find one's position in market competition? Sequoia Capital and KPCB have set excellent examples.
The domestic venture capital industry has just started, and Shanhai Capital is one of the pioneers. Morningstar Capital in Hong Kong is also investing in China.
If history hasn't changed, Xu Xin, with Ba Lin Capital, has already begun her domestic investment journey.
No matter the industry, truly excellent talents are not just one or two. However, those who are lucky and succeed are extremely few.
"So you always carry that book, "the fifth discipline," everywhere?" Xu Xin asked.
"I believe the future is the era of the knowledge economy. For a company to continuously grow, it must maintain its innovation capabilities." He Zhengcheng said.
Indeed, even on this trip to Yanjing, he brought "the fifth discipline" with him, continuing to study how to build a learning organization. However, he also knew that even an innovative company does not necessarily mean it will succeed.
IBM's innovation capability is unparalleled, yet its market value is still overshadowed by several major internet technology giants. Oh, I misspoke; even so, we cannot deny IBM's success. A technology company that has endured for a century and survived so robustly until now is inherently a remarkable feat.
"It should be learning ability!" Xu Xin said.
"Hmm, entrepreneurs need to keep learning." He Zhengcheng said. And not just entrepreneurs, do ordinary workers not need to learn?
Back home, the whole family was there.
The Spring Festival in Hong Kong is just about burning incense, horse racing, and the family eating tangyuan; there's not much to say.
"So, this investment of ours can earn 500 million hong kong dollars?" His Dad was very surprised to hear the investment results He Zhengcheng told him.
"This is an ideal result. Who knows if stock prices will rise or fall? We have no intention of selling now, so how much we ultimately earn will depend on when we liquidate. What I said is based on eBay's current stock price, calculating that we can earn that much." He Zhengcheng said. Their family's investment would yield a relatively small profit share for Shanhai Capital, about 30-40%.
"You've earned more in these past six months than I have in several decades." He Wenxuan said.
"I'm just using a cheat in the game; it's not real skill." He Zhengcheng said.
"What's a cheat?" He Wenxuan asked.
"A game cheat is modifying game client data to gain an unfair competitive advantage. It can be understood as gaining a lead in competition through an unknown advantage." He Zhengping explained.
"…"
He Wenxuan's economy hotel chain had just started, with process and system design and talent development still in their initial stages.
Only two Haifeng Inns were established in Pengcheng. The name was ordinary, but the family's hotel and the two in Pengcheng had improved their operating performance. The impact of the financial crisis seemed not to have affected the rapid economic development of these two cities. A large number of people poured into Hong Kong and Pengcheng, seeking various opportunities.
"Dad, once these funds arrive next year, you can expand quickly. Before that, you'd best assemble an excellent team and establish a mature management system…" He Zhengcheng began his eloquent discourse.
"I know, your Dad is not good at stock trading, but can't he run a business?" He Wenxuan said angrily.
"Oh, alright." He Zhengcheng had been a bit preachy lately.
Returning to Hong Kong, he naturally had to meet up with old classmates and friends, but relationships varied in closeness, and with different life experiences, he didn't have much in common with most people.
"Damn it, you went to Silicon Valley, and now both of you are worth over 100 million. Why didn't you think of pulling me along?" Li Mingyuan exclaimed, seeing He Zhengcheng, feeling it was unfair.
"Who told you to only draw such shameless comics!" He Zhengcheng scoffed.
"Don't look down on it! 'Lin Xing' was published in 'Weekly Shonen Jump' and received great reviews. I'm already a somewhat famous cartoonist." Li Mingyuan said.
"It really succeeded?" He Zhengcheng rubbed his head. How could such a shameless comic be popular in this era?
"You don't understand. Many girls from Fusang have written to me." Li Mingyuan said.
"You're amazing. What's wrong, don't you want to draw comics anymore?" He Zhengcheng asked.
"Is there a way to have the best of both worlds?" Li Mingyuan asked.
"I'm going to… Why don't you go to Fusang and find a job where you can make money just by sleeping with others? That's having the best of both worlds!
Shi Hongwen and I are in high-tech internet, while you are in the traditional cultural industry. This industry can never replicate the miracles that happen in the internet industry." He Zhengcheng said.
"I didn't want to make quick money; I just felt that being a cartoonist didn't pay enough, it was a bit insufficient." Li Mingyuan said sheepishly.
"You, a cartoonist, if you want to make money, go to Fusang and make animated movies? Don't they have a lot of successful experience there?" He Zhengcheng asked.
"I don't have the connections. Whether it's making animated series or animated movies, there's no room for us to get involved." Li Mingyuan said.
"Then what should we do?" He Zhengcheng asked.
"How should I know?" Li Mingyuan replied.
"Do you really want to develop in the animation industry?" He Zhengcheng asked.
"I do have that idea…" Li Mingyuan said.
"I have an idea…" He Zhengcheng began digging a pit again.