Chapter 110: Fuck Buffett

"I heard you're here to raise funds?"

The woman was not satisfied with what she was saying so she simply dragged her chair to sit next to Xie Jingxing. She accidentally bumped into Jim Brayer and quickly smiled to apologize.

She came over, sat down, and spoke in standard Mandarin: "I am an investment specialist in the wealth and investment management department of Wells Fargo Bank. My Chinese name is Cui Yunxiu."

"Hello."

When a big customer came to visit, Xie Jingxing showed some interest and replied indifferently.

Cui Yunxiu blinked and asked again: "I know about the competition between Didi and Kuaidi. How do you think the Chinese government will react to this in the end? What are the policy risks?"

"Sorry, I don't understand what you want to say." Xie Jingxing frowned.

Choi Yun-su crossed his legs and leaned forward, his arms resting on his knees and his chin resting on his head. He glanced at Bleyer and said meaningfully: "I am of Korean, British and Chinese descent, so I may know you better than many people here."

"Thank you for your attention, but I have a girlfriend." Xie Jingxing nodded.

Cui Yunxiu opened her lips painted with scarlet lipstick slightly, and was about to say something else when Jim Goetz on the other end called over: "Thanks, you can go to the center of the dance floor and grab Captain Jack's seat and say a few words. Everyone will get to know you faster."

"OK, this is not an easy job, I'll try my best."

Xie Jingxing drank the wine in the glass and signaled Song Anli with his eyes: "Help me get a glass of Genting whiskey with ice cubes."

"Kill Captain Jack with ice wine? Then you'd better hurry up, this ice ball looks like it will melt within twenty minutes." Choi Yun-soo changed his face, smiled, patted his shoulder and said with his head down.

Song Anli looked at the red-haired girl who appeared out of nowhere and whispered in Xie Jingxing's ear intimately. She felt helpless and her face turned red with anger. After all, she had been a popular goddess since she was a child, but how come she became insignificant when she was with this young master?

Any woman would have the confidence to ignore her and get close to this young master. Does he treat her as a dead person?

After watching Xie Jingxing walk to the center of the dance floor, she stood up with a feeling of resentment and went to get the wine, determined to have a fight with the red-haired girl later.

"Jim, a young man with a distinguished family background."

The white man with a sturdy look, who looked a bit like a middle-aged version of Leo, commented, and both Jims, Goetz and Brayer, looked at him at the same time, and then at each other.

The latter picked up the wine glass and took a big sip, slowly exhaling the alcohol: "Yep, there is no shortage of young masters with mysterious family backgrounds in our industry."

"He said he only wants ten clients, each with $20 million, and the total amount of funds raised for the first fund is $200 million." Goetz raised his glass and whispered.

The beggar version of Leo did not comment: "A very unique young man, come on, let's listen to his speech."

Goz smiled but said nothing, while Brayer rubbed his brow and closed his eyes.

In the middle of the dance floor, Captain Jack, with a ruddy face, held a wine glass in one hand and a marker in the other, spoke passionately about the country.

Xie Jingxing stood by and listened for a while. The general content was about the decline of the US stock market in the past few months. He believed that the market decline was only temporary. With bank interest rates almost zero, people would sooner or later withdraw money from banks and make various financial investments.

Obviously the stock market will be the most important part, and the good days of US stocks are still to come...

"Mr. Captain, I must say that you spoke very well, but I need your position so that everyone can remember me quickly." Xie Jingxing took a few steps forward and said frankly while he was drinking.

Everyone present was a true industry elite, and there was nothing wrong with what Captain Jack said. They couldn't find any faults for a while, so they had to confront him head-on.

Captain Jack looked at him and said jokingly, "I remember you. You seem to be in the M&A business of Wall Street investment banks. Man, this is the home of investors and entrepreneurs."

"Yes, that's why I need everyone to remember me as a venture capitalist."

Xie Jingxing raised his hand and gestured to a middle-aged white man who was sitting nearby and listening: "Kalanick, I think you must know my identity as an investor, right? And you will remember it well in the future."

"Maybe, provided that you can deliver the same level of performance as in the WhatsApp acquisition." Travis Kalanick, the founder of Uber, a global online car-hailing giant valued at billions of dollars, raised his glass with a smile.

Xie Jingxing laughed: "Kobe has given amazing performances every night at Staples for the past ten years. This is the stable performance of a superstar, not the luck of a water cooler player. What do you think?"

"People on Wall Street say you're a supernova. I hope you don't hit the rookie wall. I'll wait and see."

Kalanick has never concealed his desire to fight. Zuckerberg's loss does not mean that he will lose. Uber will go to China as soon as possible, and someone has already contacted him.

Xie Jingxing nodded and turned his head to look at the yellow-skinned lady sitting next to him: "Zhou, we meet again, and you also know my identity as an investor."

"Of course, we are cooperating." Zhou Kaixuan smiled and made a gesture of invitation.

Xie Jingxing then turned his gaze to the pirate captain: "Can I say a few words here as an investor now?"

Captain Jack subconsciously looked towards the corner and saw Brayer closing his eyes and pretending to be meditating. He put on a smile, spread his hands, and stepped back two steps to make room.

They are all Zuckerberg's circle of friends, or in other words, he has established a social network with Zuckerberg as the core in the form of a joint family office. Kalanick and Li Ka-shing are both potential clients of Zuckerberg.

Zhou Kaixuan's trip to San Francisco to work on the zoom project was just a side trip. His main purpose was to talk to him about investment and make friends. Today's gathering was organized by him.

The guy who stabbed his good brother Zuckerberg in the back is now coming to destroy his place and steal his job. It's really a bit inhumane, but the big boss Breyer has even installed meditation, so Captain Jack decided to be patient for now and see what this guy is up to.

"My name is Xie Jingxing, I'm from China. I've worked on the WhatsApp M&A case before, and I'm currently investing in the online car-hailing startup with the largest market share in China. Next, I'm going to raise a US dollar fund with my team."

Xie Jingxing took the oil pen from Captain Jack, wiped off the large ink stain on the whiteboard with his hand, and wrote a line of numbers - 10 LPs (investors), each with a limit of 2000 million US dollars.

"The closed period is five years, the rate of return is five times, and a bet agreement is signed." He announced lightly.

As soon as the words fell, the entire hall suddenly became so quiet that you could hear a pin drop, and undisguised inquiring glances instantly came from all directions.

Normally, the closed period for venture capital firms to raise funds is roughly 7 to 10 years, and the rate of return is usually not announced. According to private statistics from gossipers, three to five times is common, but only Sequoia and its ilk can do this.

The life span of 70% of venture capital institutions in the market is only about 10 years, which means that the vast majority of investors invest millions of dollars in venture capital institutions, and this money will not belong to them for ten or eight years. In the end, they will lose % to % of the money they get back, and the remaining money will not even keep up with inflation, which means they have lost all their money.

At this moment, the young man from China said that he could achieve a five-fold return rate in five years with 200 million US dollars, but he couldn't pay the investors out of his own pocket. Only God could guarantee such a return rate 100%, at least Buffett couldn't do it.

Captain Jack looked at Brayer who had opened his eyes not far away, and broke the silence with a sigh: "Wow, this is a shocking statement. I think we should invite Mr. Warren Buffett to listen to it."

"I don't know what your name is yet." Xie Jingxing asked, rubbing the ink on his hands with his head down.

“Divish Makan, founder of ICONIQ Capital multi-family office.”

"Hello Makan, nice to meet you."

Xie Jing Xing raised his head and looked around: "The person standing in front of you right now is not called Buffett, but me."

"Haha, you mean you..."

"Buffett made a big bet on Wells Fargo this year. His logic is that Wells Fargo was the only bank that did not maintain a conservative attitude during the 08 financial crisis and did not follow the greedy bastards like Citigroup and Merrill Lynch to their deaths."

Xie Jingxing raised his voice and spoke faster and faster: "There is no Internet technology company among Buffett's top ten holdings over the years. His logic is that he doesn't understand the Internet. He is a conservative value investor."

“But this is Silicon Valley, the greatest place of hope and dreams in the past decade. Countless people have realized the American dream here, creating one investment miracle after another that traditional conservative bankers cannot understand.”

He paused for a moment, and his voice returned to calm: "Yes, what I mean is... screw Buffett, I'm Xie Jingxing."

(End of this chapter)