I was reborn and stayed in school to lie down. I really don’t want to roll anymore!

"So what are you going to do next?"

"Should I return to school to teach and prepare for retirement? Or should I continue to start a new business in private equity?"

There is no right or wrong in the matter of Yifan Investment, it is just a conflict of ideas.

If Professor Zheng were a few years younger, he might also want to join a few partners and play a part in this opportunity.

Now that there are disagreements between the partners, it would be a good idea to leave early.

"How can you possibly be preparing to retire? Haha!"

Professor Zheng's hearty laughter came from the other end of the phone.

"I haven't even reached the legal retirement age yet, why are you in such a hurry?"

"And I have already registered the new company, Qishan Investment!"

"I don't plan to do private equity anymore. After accompanying you on several investments, I found that I am quite interested in venture capital."

"In the next few years, I plan to focus all my energy on venture capital."

Unexpectedly!

One day, Professor Zheng actually gave up his main business that he had been engaged in for many years and turned to venture capital.

In fact, the risks in venture capital are no less than those in stocks, funds and futures.

Of course, the profit gains are also not low, and the upper limit is extremely high.

The best example today is their Chinchilla Technology.

Except for Tencent in Round C, the shares invested by all parties that year skyrocketed by more than dozens of times.

and many more!

Jiang Hao suddenly thought of something at this moment.

That night, I came to the coffee shop and asked him about the development of Totoro and the time of its listing, considering that Professor Zheng is now engaged in venture capital.

Looking back now, it was definitely not just idle chat.

"Professor Zheng, are the shares that Yifan invested in our Totoro Technology still in Yifan?"

On the phone, Professor Zheng laughed even louder.

"Still in Yifan for now, but don't worry."

"The equity transfer contract will be signed tomorrow, and Totoro's equity will eventually go to my new company."

After listening to Professor Zheng's words, Jiang Hao finally relaxed.

Although the equity transfer has reached the C round, there are no major restrictions.

But for him, he still hopes that there will be as few changes as possible before the listing, and everything will be decided after the listing.

"Mr. Jiang."

Professor Zheng paused at this moment.

"Ok?"

Why did he suddenly call him Mr. Jiang again?

Didn’t Professor Zheng always call him Teacher Xiao Jiang?

Nowadays, at most we can remove the word "Xiao" and just call him Teacher Jiang.

The sudden words "Mr. Jiang" made Jiang Hao a little confused.

"From now on, I will depend on you for my livelihood."

"Haha! Professor Zheng, do you still need to rely on others for food? In fact, if I were you, I would probably just choose not to work."

It was Jiang Hao's turn to laugh at this. After all, he knew Professor Zheng's situation very well.

He has been working in the financial investment field and some venture capital for many years. At the very least, he is still a genuine professor at Songgong University.

A watch worth hundreds of thousands of dollars is just a small amount of money. It is a joke to rely on it for a living.

But before he could say more, Professor Zheng began to explain slowly.

"I withdrew from Yifan and only took the shares of Totoro."

"What!?"

A cry of surprise came out of Jiang Hao's mouth.

"How much money did you invest back then? All on Totoro?"

"Well, I gave up a lot for this shareholding in Totoro."

"I initially invested 20 million in the company, and I promised not to take away some of the stable customer resources over the years."

"I also promised to try my best to ensure that the investors I brought in continued to keep their funds in Yifan."

"Just for this equity in Totoro Technology!"

It is difficult to estimate the market value of Yifan Capital.

After all, it is a financial company, and a lot of the funds are raised, not the company's actual funds.

However, Yifan Capital has been established in Songjiang City for many years, and Professor Zheng’s money was the original capital when the company was founded, so the equity share is definitely not low.

Of course, if we measure it specifically, it is definitely much lower than the current valuation of Totoro Technology's shares.

Otherwise, there would be no need for Professor Zheng to leave resources in Yifan.

But there is a very important point here, that is, Totoro Technology is not listed!

If this equity is transferred at this point, it will definitely be at a huge discount. Only if it is truly listed can Professor Zheng really make a fortune!

Moreover, it is equivalent to Professor Zheng's hard work for so many years, and finally he got back an investment made three years ago.

The project that was invested in the name of the company was finally completely converted into my personal investment.

Jiang Hao knew he couldn't have such courage!

"Professor Zheng, aren't you taking too big a risk?"

At that moment, even though he knew that the matter was a foregone conclusion, Jiang Hao couldn't help but continue to persuade him.

"What is risk-free? Compared to the risks of the stock market, what is the risk of Totoro?"

"Besides, Totoro was an investment I was optimistic about back then."

“If I can’t even hold on to the investments I’m optimistic about, why should I continue to do venture capital?”

Although Professor Zheng spoke lightly at the moment, he remembered the scene in the conference room a few days ago in his heart.

Several partners looked at him as if he were a fool, thinking that he was senile and confused.

The shares of Totoro are indeed valuable and have great potential.

But after all, it is not actual funds, so Professor Zheng can only keep the equity as it is and wait for the final listing.

More importantly, even if the company has reached Series C, it is still unclear whether it can go public.

Unlike them, holding cash can leverage more funds in the subsequent financial market.

However, Professor Zheng still insisted on choosing this asset.

"There's one more thing I wanted to ask you."

"You happened to call today, so I mentioned it to you first."

"Professor Zheng, go ahead."

"It's about Dibao Technology! I want to invest in its Series B round."

"Now?"

To be honest, Jiang Hao couldn't understand any of Professor Zheng's actions now.

You just came out of Yifan, are you so anxious to invest?

"Professor Zheng, do you still have funds on hand?"

You should know that the amount of financing in the B round is much more than that in the A round.

Judging from Dibao’s current development, the base amount is at least tens of millions, or even more.

After Professor Zheng left Yifan, he got a share of Totoro's shares, but it was not cash.

Jiang Hao had no doubts about the sum of three to five million, but he still had doubts about the sum of tens of millions or even hundreds of millions.

"You still look down on me? Do you think I threw all my money at Yifan?"

"As a professor of finance, would I put all my eggs in one basket? Would I make such a stupid mistake?"

"Besides, I work at Yifan and I don't get paid. I also get dividends every year."

After thinking about it this way, Jiang Hao finally understood. It seemed that he was worrying too much.

How many years has he been working? And how many years has Professor Zheng been working in finance?

I guess his accumulation is far more than I imagined.

"Professor Zheng, I still need to discuss this matter with Professor Duan and Pang Yi. I don't have many shares in Dibao."

"But their third generation product is still being filmed for endorsement advertising and has not yet been officially launched."

"I'm afraid there is no shortage of funds at this time, and there is no thought of raising funds!"

Jiang Hao invested in Dibao Technology when he had limited funds at that time.

That’s why we approached Professor Zheng to raise angel round of funding together.

Later, the company's development was not going well and it lacked funds, so it approached Lu Weiming and Yang Tianhao for the A round of financing.

His original 5% stake was reduced to only 4% after the A round of dilution, which made it difficult for him to pay much attention.

The last time Pang Yi invited me to Dibao was because Lei Zhaohui would come.

At the same time, Yu Xintong was also free and was more interested in meeting him again now that he had become famous.