Back to 1990

Lu Feng glanced across the audience, and saw that many people looked teasing. Obviously, in the eyes of these people, this was a big horse monkey show.

Last year, Lu Feng was still a high-ranking boss with tens of billions of dollars, and the venture capital he contacted was Schroeder Group, but now he is reduced to being with these small venture capitals, and has to report the value of the company to them in detail.

If it were an ordinary person, his mentality would have already collapsed at this moment, but Lu Feng didn't care about all of this, asking for investment, that's it, before you invest money, you are the grandfather and I am the grandson. You are a grandson.

"The problem of overheating in the global semiconductor industry is clear to everyone. Any industry has a period of freezing, boiling point, and boiling. From my perspective on the industry, semiconductors will continue to decline in the next two to three years. This recession is not an industry recession, nor a market recession, but a relative recession!"

"Everyone's expectations for semiconductors are too full, the expansion is too large, and vicious competition is formed. In the past two or three years, semiconductors will be at the price of cabbage. Price competition will lead to the bankruptcy of large-scale small and medium-sized enterprises. After the production capacity is cleared, the price will naturally Will go back up."

"Why do I say that the recession is not an industry recession, nor a market recession? The future development of the semiconductor industry is absolutely impossible to decline. Whether it is Fuso's companies or Silicon Valley, they are making every effort to break through new technologies. In the next few years, they must be patents. The era of the explosion."

"The market will never decline. The semiconductor market will expand at a rate of about 30% per year. I personally predict that in 2001, the market share will exceed 300 billion U.S. dollars. The confidence to say this is that the world is increasingly Increased communication needs, office and home computer needs, and mobile phone needs!"

"The main reason for the decline is man-made. Miguo and Fusang are staking their land in an attempt to squeeze other people to death. To put it simply, one hundred and fifty people came and cooked meals for three hundred people. The purpose is to Smash the pot of other restaurants!"

"Then why Hurricane Semiconductor's pot will not be smashed? First of all, relying on the motherland, we are a big country, and a big country needs to have its own industrial chain. The country also has the will in this regard and is willing to support it. Secondly, Hurricane Capital owns equity in other companies. , can move funds at critical times, and will not be easily cornered.”

"Third, the market advantage. You may not know much about the mainland. Do you know how many mobile phone users there are?" Lu Feng asked, scanning the crowd.

"Mr. Lu, apart from high-end talents like you, is there anyone in mainland who can afford a mobile phone?" Someone sneered.

"Let me tell you, 6.85 million households! So how much is it expected to be this year? Let me tell you again, more than 10 million households, the market share doubles a year, or even doubles, what is the scale? market?" Seeing that everyone couldn't believe it, Lu Feng asked, "Guess how many computers there are in mainland China?"

"Is there a network in the mainland?" Some people dare not believe it.

"In 1996, the number of computer users in mainland China was about 400,000. This year it is expected to be more than 600,000. The growth rate is 50%. I won't say much about communication base stations. The annual growth rate is more than 100%. The growth rate is so high. The market is Hurricane Semiconductor's biggest reliance!"

"Of course, there is a gap between our technology and the international first-tier manufacturers. If it was a few years ago, this shortcoming was our disadvantage. Now when the entire industry is about to fall into a predicament, this will be our advantage!" Lu Feng said confidently.

The people present frowned after hearing this, and looked at Lu Feng as if they were fools. This is like saying, when someone slaps you, you tell others that you slapped him with your face!

"Everyone doesn't understand, let me explain to you that the development of semiconductors in the world is at a critical moment, that is, dry etching in Europe and the United States and wet etching in Fuso. Overcapacity will lead to low product value. The final result of price competition is profit reduction. The investment in research and development will be reduced.”

"Both parties focus on dry etching and wet etching, and the R&D investment in other areas will be reduced. For Hurricane Semiconductor, it is a good time to catch up. It may not be able to catch up in some fields, but we are in Lithography machines, chip design, packaging and testing, motherboards, displays, these aspects are definitely promising!"

"When we survive the cold winter, we will occupy a place in the semiconductor field. This is why we need financing. Financing is not to save our lives in this cold winter, but to attack in this cold winter! Thank you everyone!"

After Lu Feng finished speaking, the scene seemed quite quiet. The few venture capitalists standing in the back row were moved. They had the country's bottom line and chased after investing money. Just stand firm.

Originally, everyone felt that the business behavior was extremely risky. Let Lu Feng say that there is almost no risk. Instead, there is a feeling that the profit is not lost.

A man in his fifties was sitting on the chair next to him, and he asked, "Boss Lu said it very lightly, and it's not just a matter of talking about one or two high-end products. How sure are you of making it? You mentioned the mainland market. As far as I know, companies such as Intel, amd, Sony, Sharp, and Siemens have basically settled in, and you will face these first-line manufacturers in the market.”

"No matter how high the growth rate of the mainland market is, how much share can you take? You can't live in the mainland market alone. In the overseas market, with the current international relations, the overseas market of Jiafeng Group is the fate of Hurricane Semiconductor, right?"

"Of course we can't occupy all of the mainland market. We plan to increase our focus on market segments, such as monitors, accessories, pc motherboards, and memory. We don't expect Hurricane Semiconductor to make money as soon as the market picks up. Ten years is a unit for branding."

"As for international relations, it is said that military affairs are impermanent and water is impermanent. The same is true for international relations. From the major mainstream media this year, it is not difficult to see the interaction between countries. The most tense time is about to pass. For this I have confidence in this matter!" Lu Feng said to the crowd.

The audience didn't buy Lu Feng's remarks. Now the European and American markets are the largest manufacturing and consumer markets. As long as any product can't be sold in these countries, it basically has no chance of becoming big.

The Thai baht incident has scared many people in Asia. The US dollar has raised interest rates and a large amount of funds have flowed back. Everyone knows that this is a harvest, but I am afraid that if there is a war, the coins of weak countries are no different from waste paper.

Venture capital is a matter of consideration in many aspects. The most basic risk control is war. You must ensure that the company you invest in exists in a stable environment, followed by the market, and finally the company itself.

Seeing that everyone was not very interested, Su Yourong said, "Boss Lu has already introduced the situation pretty much, and he is not a new entrepreneur either. From Jiamei Foods to Jiafeng Group, he has been involved in business management, marketing, and industry. , Boss Lu is a veteran, everyone can think about it more! Come on, let's raise our glasses!"

Su Yourong clinked glasses with everyone, and then the topic was changed to daily gossip. The atmosphere on the scene eased up a lot. Many of them came over to chat with Lu Feng, partly because they wanted to ask about the Feng family. The other part wants to invest, but the conditions offered make people frown.

One of them asked Lu Feng to sign an absolute priority clause with him. As long as the company has business problems, or fails to meet the agreed requirements within the time agreed by both parties, the other party has absolute priority to deal with Hurricane Capital's assets until the investment money is returned.

When Lu Feng heard such terms, he smiled and ignored him. There is no such thing in the world, and he doesn’t want to take the risk at all. If something goes wrong, he must first sell the equity of Jiamei Foods and Minsheng Bank. His calculation is really good .

The other wants a controlling stake, invests five billion Hong Kong dollars in batches, requires 51% of the equity of Hurricane Capital, and wants to list Hurricane Capital within two years. UU Reading www.uukanshu.com through stock make money.

This investor was also rejected by Lu Feng, what kind of skill is it to cheat retail investors? Besides, how much money do retail investors have? To make money is of course to make money from the rich.

After one night, he drank a lot of wine, and his mouth was almost worn out, and there were many words that looked down on him as a mainland boy.

At eleven o'clock in the evening, after the dinner party ended, Lu Feng was sitting and drinking tea in the living room. Su Yourong changed his clothes and opened the door and walked in. Seeing that Lu Feng seemed a little dissatisfied, he said, "Where is the financing?" Is there such a simple thing? Do you think it is in the mainland? Besides, didn’t Jiafeng Group’s source of capital in the first place come from you messing up the land?”

"I am a stranger in a foreign land!" Lu Feng sighed: "It is now, a few years ago, I have to draw several people tonight, so what kind of stuff?"

"I told you before that Xiangjiang's current financing environment is not good. If you still think about more than one billion US dollars, if you can raise money at a valuation of 5 billion Hong Kong dollars, you should burn the incense."

Su Yourong poured himself a cup of tea and said, "How many months are left in July this year? After the Thai baht incident broke out, how many people ran away from Xiangjiang? You make semiconductors, and the main market is still in the mainland. How big is this?" Are you brave enough to invest? Let me tell you, there are two options now, either go back to the mainland for financing, or accept this valuation!"

"Go back to the mainland? The mainland can only get money from the city and the province." Lu Feng knew that he had no money to go back to, not to mention poor places, Shenzhen had no money, and when he talked with Schroeder about the plan to buy their shares, It is also given in batches, and the above has to allocate funds.

"Then there is really no way out, and it's not realistic for you to go to Europe and the United States to raise money!" Su Yourong said towards him.

Go to Europe and America?

I can't go to the United States, Europe, I guess John has already promoted Lu Feng as a heinous and treacherous villain!