Chapter 140 One Dollar Year-End Bonus

As the night deepened, the alcohol started to take over.

Tang Man looked at him carefully in the moonlight. The moonlight outside the window was bright and the crystal chandelier inside was shining, just like the night when they came here for team building a few months ago, making the person in front of her shine brightly.

She suddenly couldn't tell whether her crying during the day was out of emotion or rationality. The game was everywhere, and now the choice was in her hands.

"Stay and rest, the guest room is ready for you." Xie Jingxing said calmly after finishing the wine in the glass.

Tang Man's cheeks flushed as she slowly exhaled the alcohol: "I heard that your experience with Su He in New York was thrilling?"

"It happened so suddenly that I don't have any specific feelings."

Xie Jingxing only vaguely remembered Su He's face stained with his blood and the pungent smoke and embers, which could be described as thrilling.

After the brief conversation, the atmosphere returned to silence. After a few minutes, Tang Man raised her eyebrows and said, "Then I am much luckier than her."

Xie Jingxing smiled without comment, got up without saying anything, left the restaurant and went back to his room to rest.

【I want a partner position. 】

After watching him disappear from her sight, Tang Man took out her cell phone and sent a message to Song Anli, who replied with a single "OK" in seconds.

This was what she wanted, and it was also what Xie Jingxing wanted. The game between the two sides found a balance point.

Tang Man chose to gamble on a young genius who was so strong that she was annoying but had a shining halo on his head. This would bring her to heights she had never imagined. Compared with the result, the process seemed less important.

At least Su He risked her life for the opportunity to stand at the center of the stage, while she only had a little psychological pressure. Obviously, she had the upper hand for the time being.

Tang Man filled his glass with wine and drank it all in one gulp, then walked out of the room briskly, his ambition growing wildly under the moonlight.

…………

"Old Wang, has President Tang arrived?"

The next morning, He Chuan appeared stealthily in the office, holding a bouquet of flowers with his hands behind his back.

Wang Xueqing, the secondary market investment manager, put down his thermos cup and raised his chin: "Just arrived, did you bring my share?"

"I ordered a cake for you, and the cake shop will deliver it later."

He Chuan paused and confirmed again and again: "But I just passed by the front desk and didn't see what they prepared?"

"Don't worry, there's no mistake. A few girls at the front desk just brought the streamers and firecrackers into the conference room. I've been watching them." Wang Xueqing was calm.

He Chuan grinned and laughed, like a servant doing hard labor watching the emperor marry a new concubine. He was happy from the bottom of his heart and praised the Qing Dynasty for its thriving development.

Wang Xueqing saw it all and felt envious. He had a fight with his new girlfriend late last night and was kicked out of the house. He had nowhere to go, so he came to the company to play games. He happened to meet Assistant Song leading his HR colleagues to write a contract.

While trying to find out the news out of curiosity, Assistant Song revealed in person that Tang Man was going to be promoted to partner!
The five job levels in the financial industry, from SA to MD, are enough for most practitioners to survive their entire lives. If the partner level above MD were put into fairy tales, it would be like becoming an immortal in broad daylight.

This is most evident in terms of income, as the source of income for venture capital firms is nothing more than the fund itself.

Taking the RMB 20 billion fund that Grapefruit Capital is about to raise as an example, according to industry practice, it can usually get 2% management fees + 20% profit dividends per year.

The 2% management fee is used to cover all the daily operating expenses of the fund, such as employees' basic salary, annual bonuses and benefits, etc., excluding the fundraising costs and mid- and back-end administrative risk control.

Currently, including Xie Jingxing, the front-end investment team of Xiyou Capital only consists of him, Tang Man, and He Chuan. In the future, as the fund fundraising is in place, the team can be fully staffed with about ten people at most.

Ten people share 30 to 50 million yuan in profits each year. It can be imagined that next year, the annual salary for interns recruited by Xiyou will start at to yuan, which is comparable to top domestic venture capital institutions such as Sequoia. Even compared with the richest PE institutions, it is still first-class.

But this is not the upper limit. The most profitable thing for venture capital institutions is dividends from fund profits.

Based on the 20 billion RMB, as long as we can get 20% of the profit dividends, it would be at least 5 million RMB.

Not all employees will get a share of this money. Nowadays, most venture capital institutions in China only distribute profit dividends to MD/ED level. A small number of institutions that are not short of money will give a little to VP.

Moreover, how much is distributed is entirely up to the boss. Previously, as MD, Tang Man only had the right to dividends.

Now that I have been promoted to partner, I can be said to be a small shareholder of Grapefruit Capital and one of the bosses who has the right to formulate dividends for MD. In the future, it will not be a dream for me to easily earn an annual salary of over 10 million.

Wang Xueqing's envious eyes made him want to pee, and He Chuan's happy eyes made him want to pee.

A few days ago, I was still thinking that winning the Ele.me project would mean the hard times are over. This is really superficial. This is not escaping from the sea of ​​suffering, but a leap forward. Mr. Tang is really tough!

"Mr. Xie, Mr. Tang, uh..."

He Chuan walked into Tang Man's office with flowers in his hands, full of excitement. He saw Xie Jingxing squatting beside the desk assembling a vinyl record player, blinking his eyes in embarrassment and unable to speak.

Tang Man asked expressionlessly, "What's wrong?"

"It's autumn now, and I thought of buying a bouquet of flowers to decorate the office. This bouquet is for you." He Chuan smiled awkwardly and made an excuse.

Tang Man resisted the urge to kick this fellow to death, and raised her chin to give him a way out: "Leave it here for now, and go out to inform everyone that there will be a meeting in half an hour. All employees must attend."

"Wait, there are baby's breath?"

He Chuan was about to run away when Xie Jingxing asked casually. He nodded vigorously without hesitation, left the office and ran straight to the flower shop under the office building.

"He Chuan has been in the industry for seven or eight years, right?"

Xie Jingxing finished installing the record player and stretched himself: "Recruitment is on the agenda for the end of the year. Talk to him and get a promotion if necessary."

"He is capable enough, but he lacked initiative before. He has grown a lot after handling several projects on his own during this period." Tang Man agreed very readily.

He Chuan snatched the Ele.me project from Shen Xin. She will have a fight with Su He next, so it is natural for her to promote her confidant.

Xie Jingxing continued along the topic, "You should communicate more with employees about the year-end bonus. Xiyou was just established this year and the budget is not much. You can take one point from the eight million first."

"Boss Xie is so generous that he makes things difficult for us employees." Tang Man teased with a complicated tone.

"Boss Tang, I always believe in the principle of equal exchange. Since I regard you as the best team, I have to give you corresponding compensation."

Xie Jingxing shrugged his shoulders and said seriously: "Starting next year, the salary for recruiting will be comparable to that of Sequoia Capital in the United States."

"You are the boss, you have the final say." Tang Man immediately made his position clear. The internal situation of venture capital institutions is different, and the partners have different voices. Although Grapefruit Capital is about to start fundraising for its first fund, it actually has two funds in place.

One is a $2 million fund raised from Silicon Valley, and the other is funds injected by Xie Jingxing himself into Grapefruit Capital. This money was used for early investments in Didi and Ele.me. The total amount of funds is as high as nearly million US dollars.

Not to mention that he has an exaggerated record. In this case, although Tang Man has the title of partner, he is essentially no different from an ordinary employee except that he makes a little more money.

After all, in the financial industry, "money" is the core competitiveness. Whoever controls the money has the final right of interpretation, and both bosses and employees are playing games around this point.

Xie Jingxing paid 8 million yuan out of his own pocket to give Tang Man a year-end bonus just to help her build her status, otherwise there would be no need to give her a large year-end bonus this year.

There are only two people in the Xiyou Venture Capital team, Tang Man and He Chuan. As the first version of the quantitative trading model was developed in the secondary market, four employees were recently recruited to form a quantitative trading team, together with Wang Xueqing, a tool investment manager with no presence.

There are seven people in the entire front desk business, and the time they have been working for four months to one month. If it were a stingy company, they would give a year-end bonus of 14 months, and they would be grateful and call the boss daddy...

Xie Jingxing only received one dollar out of the eight million year-end bonus, Tang Man and He Chuan received about 50 to 80 months respectively, Wang Xueqing should be able to get about 120 months, and the other few will get the leftovers.

To sum up, calculated using the basic monthly salary, Tang Man's salary is around 2 million, He Chuan's salary is around 1 million, and Wang Xueqing's salary is over 300 and close to 400.

The reason why the tool man can get the most is because Xie Jingxing's stock market investment of "130 million to million" exceeded expectations, and the return rate as of the end of November was as high as %.

At the end of December, the settlement money had to be withdrawn to settle the final accounts. Wang Xueqing was very motivated and wanted to make another 30% in the end so that he could pay off the mortgage in one go and marry his girlfriend and have children without any pressure.

Xie Jingxing was not as optimistic as he was. No matter whether it was the public or private funds of the national team or the so-called hot money in the mouths of the leeks, they all had to look to the banks to settle accounts and clear cash flows at the end of the year.

Therefore, during the period from the end of the year to the beginning of the year, the stock market often enters a very awkward and strange state. On the one hand, funds have little enthusiasm and the market is sluggish, while on the other hand, there are always a few stocks that soar or plummet in a unique way.

Especially this year, smart people can feel that private liquidity is overflowing and hot money is about to go crazy. There is a high probability that hot markets will emerge next year.

Everyone wants to hold the money and wait and see. Given this general background, the "investment strategy" he wrote for Wang Xueqing is of little use. He just needs to strive to make 20% profit and exit smoothly next month.

Over the past six months, Xie Jingxing has been spending money like water, but has made very little money. Private stock market investments account for a large part of his income, and the rest is invested in U.S. stocks through Taihe's Singapore office, with a net profit of barely $2.5 million.

There is also the account book of Taihe Family Office, which is not clear. A few days ago, I had a video conference with professional accountants from the Singapore office and the communication was confusing for a long time.

Taihe Family Office’s expenses and revenue are basically hedged, and it invests as much money as it earns, and only retains $3 million in cash flow in the top-level funding pool for a long time.

It is also worth mentioning that Taihe Capital’s year-end bonus and dividend design is much more complicated than that of Xiyou Capital, and Xie Jingxing and his son, Old Xie, clearly settle the accounts.

As the chairman of Taihe Capital, he took away 80% of the dividends of the entire management team, which amounted to more than 20 million yuan. Su He and Shen Xin divided the remaining %.

In other words, Taihe Capital made a net profit of approximately RMB 20 billion this year, and only he and Lao Xie know how much the entire family office made.

For this reason, Old Xie specifically called him to complain about it, and he kept complaining about how Yunshan Group had tens of thousands of people working hard in the real economy, but its annual net profit was almost the same as the money earned by the hundreds of people in the family office...

From the end of November to the beginning of December, Xie Jingxing was busy concentrating on the internal management of the company, and was criticized by the professional accountant while holding a calculator.

…………

At the same time, public opinion was completely ignited by Tang Man's promotion to partner of Grapefruit Capital.

She and Su He had both gained a certain amount of fame through previous variety shows, with hundreds of thousands of Weibo followers. She posted several Weibo posts in a row, criticizing the latter for undermining the industry's moral bottom line, allowing people to see the fighting power of the old ladies in the financial circle.

Fans outside the circle were watching the fun and scolding each other for their respective idols who are the heroines in the workplace. People in the circle were dumbfounded. It seemed that Xiyou and Taihe were really going to separate!

"Everyone, I just want to say one thing. The regulatory authorities are working with relevant experts and scholars to determine whether Taihe Capital's 'hostile acquisition' of Meituan involves malicious commercial competition. From my personal point of view, I cannot accept this happening!"

At the Dianping board meeting, Zhang Tao rapped his knuckles on the table to express his strong dissatisfaction.

In the video, Su He, who was stuck in Beijing and wasting time with Meituan, didn't take it seriously and said lightly: "Taihe's shares will be transferred to Xiyou."

"Then let's vote." Zhang Tao's face was grim but he was helpless.

Ideally, he would like the founding team to take over Taihe's shares to balance the 25% shares taken by Tencent and Xiyou in total.

Unfortunately, Su He insisted that he would only accept the transfer to Xiyou, otherwise he would not care about seeing him in court.

As a result, Xiyou will hold a 14.5% stake in Dianping, making it the third largest shareholder after the founding team and Tencent. Dianping will completely lock in the Tencent + Xiyou chariot.

Zhang Tao sighed secretly and looked around at everyone present: "The next resolution is to vote on the introduction of Tencent and Grapefruit Capital's E-round financing plan totaling US$4.53 million for share expansion."

"Agree." Su He was the first to vote.

The meeting ended quickly after two rounds of voting. Zhang Tao came to the next meeting room where Tang Man and Peng Zhijian had been waiting for a long time.

The three met in silence and the atmosphere was quite heavy and depressing. Once the news of Tencent and Xiyou's large-scale investment in Dianping was exposed, Wang Xing would react immediately and realize that the competition would not be limited to the food delivery business.

Meituan's food delivery business needs to delay time for pre-war preparations, but its group buying and review business does not, and can take action at any time to disrupt the original "Happy New Year's Day" plan of the allies.

"Clap."

Peng Zhijian lit a cigarette and said, "Sign it. If Wang Xing has the guts to take the initiative, we will help him."

"Xiyou has sufficient funds. We will spend money just like Didi does!" Tang Man added.

Zhang Tao scratched his hair with a touch of emotion: "Go ahead, your Boss Xie is really capable of making trouble."

"Old Zhang, life is all about struggle. Are you willing to be the second forever?"

Peng Zhijian exhaled smoke with disdain, "Anyway, I'm really upset for you. Sequoia chose to sit on the fence and invest in Meituan, but Su He would rather abandon you and find a chance to invest in Meituan. Isn't that aggrieved?"

"Stop talking, just sign it."

Zhang Tao gritted his teeth and made up his mind, and the three of them signed an investment agreement.

"Xie Jingxing and Ma Huateng teamed up again - strategic investment in Dianping.com. Industry insiders said that the two parties together hold 30% of the shares and invested US$7 million. "

The next morning, the exaggerated news report resounded throughout the venture capital circle like a bomb, and everyone looked at it with awe.

The first person to react was Yu Nian, who quickly flew to the Magic City to meet with Xie Jingxing and offered more generous investment conditions. Gusu Yuanhe followed closely behind.

(End of this chapter)