This year, mainstream media in Europe and the United States finally admitted that China's economy has risen, and only fools believe in the "China collapse theory".

James Kinch, a reporter from the Financial Times in China, published a book called "China Shocks the World: The Rise of the Hungry Country", which is not only a best-seller in the UK, but also ranked among the top ten in the United States' book sales list.

Eric Izlalevich, a reporter from Le Monde, also published a book called "When China Changes the World", which has become a best-seller throughout Europe.

American financial journalist Sarah Bonjoerni decided to do an experiment on New Year's Day last year. She and her family did not use any products containing "madeinhina" for a year. This year she wrote the experiment in a book and published the book, titled "A Year Without Made in China".

According to the book, first of all, her son couldn't buy shoes. The nearby shoe store that only sells "non-made in China" has been squeezed and closed down. The local American brands including Nike all have the logo of "madeinhina". In the end, she could only find a catalog of products from the magazine and bought a pair of high-priced sports shoes made in Italy.

Then, the electric lights, birthday candles, firecrackers, mousetraps at her home are all made in China, and these products in nearby stores are also "madeinhina", so they cannot hold birthday parties for their children. The appliances are broken and cannot be repaired. Take the vacuum cleaner for example. Because the filter is broken, she traveled all over the shops in the city, and the vacuum cleaner filters are all "madeinhina".

This book "A Year Without Made in China" is more easy to understand and vivid than the first two books, and has caused huge public opinion responses in the United States. Americans have verified it at their own homes. It turned out that the things they used at home were either produced directly in China or various parts were produced in China.

"China Shocks the World: The Rise of the Hungry Country", "When China Changes the World", "A Year Without Made in China", these three books were published one after another in 2006, making China's name "world factory" deeply rooted in the hearts of European and American people.

Influenced by this public opinion, more and more European and American businessmen came to China for development.

Not to mention those large multinational companies, many small businessmen came to China to make gold. They searched for very cheap Chinese goods, reached cooperation with Chinese manufacturers, and then shipped them back to Europe and the United States, or even shipped to Africa, West Asia and other regions for sale. This led to local media reporting from time to time that local brands have exported to earn foreign exchange, and have taken the first step toward the world.

Even Michael Moretz from Sequoia Capital came to China for a while.

Sequoia Capital has always had the phenomenon of "gemini". The first generation of leaders were Don Valentine and Pierre Lemond, the second generation of leaders were Milk Moritz and Doug Leone, and even Sequoia (China) had Shen Nanpeng and Zhang Fan.

Michael Moretz's most famous record is that he led the investment in Yahoo, Google and Paypal. His previous investments revolve around Silicon Valley. This year's "Chinese style" is really too strong, and this guy actually came to China to inspect in person.

After Michael Moretz came to China, the first person he visited was Song Weiyang!

Tongchen Golf Villa.

The two founders of Sequoia (China) are both here. Chen Nanpeng and Song Weiyang are neighbors, and he organized this party.

"Hello, Mr. Song, I'm glad to see you!" Michael Moretz smiled and shook hands to greet him.

Song Weiyang smiled and said, "So too."

Zhang Fan told his own family: "Hello, Mr. Song, I am Zhang Fan, the co-founder of Sequoia (China)."

"I know, you led the investment in Skynet," Song Weiyang shook hands and said, "Good luck!"

In another time and space, Zhang Fan also invested in Baidu, but unfortunately Baidu in this time and space may not have developed so well.

As for the Skynet, which Zhang Fan invested in, it has been particularly impressive in the past two years. It was listed on Nasdaq in 2004, mainly engaged in wireless value-added services and mobile games. Its mobile revenue reached the highest in the country before it was listed. The wap and MMS services have remained the highest in the country for three years. Its mobile network community surpassed "mobile qq" three years ago.

However, as Mobile Dream Network cuts bridges across the river, Skynet has had some hard time this year.

Michael Moretz always speaks sharply in the media, but he is a very funny and kind person in private. He said: "Song, I actually wanted to talk to you in person before Google was about to go public."

"Would you talk about venture capital?" Song Weiyang asked.

Michael Moretz shook his head and said, "No. I just want to ask you why you were optimistic about Google at the time. The shareholding ratio you held when you invested was too high, and it has far exceeded the venture capital red line. According to normal investment logic, Google is likely to lose the subsequent financing opportunities because of your shareholding ratio, and it will never develop."

Song Weiyang smiled and said, "But Sequoia Capital still entered the market, right?"

“I almost gave up,” Michael Moretz said. “Because Google is a cake that has been eaten and it was bitten by a big bite, it made me feel very uncomfortable.”

Song Weiyang said: "The true meaning of venture capital is not to divide the cake, but to help make the cake bigger."

Michael Moretz said: "Yes. Google's cake was made big enough that I endured the disgusting entry. Emotionally, it was the most uncomfortable investment I've ever made, although it brought me the second only to Yahoo's return."

"Hahahaha!" Song Weiyang laughed.

Michael Moretz said: "After you were on the top ten of the global rich list, I specifically studied your investment cases. I am very sure that you are a layman in the venture capital field, and your previous investments were seriously disrupting the rules of the game. This behavior is extremely risky, but it has all succeeded, which really puzzled me."

Song Weiyang spread his hands and said, "I don't care about the rules of the game, because I invest from the perspective of entrepreneurs, not from the perspective of venture capitalists. If Google misses the next financing opportunities because of my high shareholding ratio, then I will invest myself, because I am very optimistic about Google, at worst I can invest all the way until Google goes public."

"The madman, this investment method is like playing roulette in a casino, and he bets a single number every time," said Michael Moretz. "Although winning can make countless profits, the chance of losing money is infinitely magnified. If anyone uses this method to do venture capital, he will be able to lose all within a few years."

Song Weiyang smiled and said, "It seems that I am very lucky. I won the number I bet on every time."

"No, it's luck to bet once, and it's strength to bet every time," Michael Moretz asked with a smile. "It's really a novel idea to be a venture capitalist from the perspective of an entrepreneur. Can you ask? How did you choose the investment target?"

Song Weiyang said: "Pick a potential industry and look for a potential company. Of course, the most important thing is that the founder of this company is worth investing in."

"Haha, just like me," Michael Moretz clapped his hands and smiled. "I invest in a company and look at the entrepreneurs of this company first, not the other things of this company."

Chen Nanpeng suddenly interrupted: "Invest in people, not companies."

“It’s not just the founder, but its early team,” Michael Moretz explained in detail. “Every company has a unique DNA that will be formed in the first six months of the company’s initial startup. A technical company, the initial three or four engineers, will determine the future of the company and form its own unique corporate DNA. An outstanding entrepreneur, most of whom have outstanding partners, will each find outstanding employees. If the entrepreneur is outstanding but the people he hires are mediocre, then everything is too late. Three months is a deadline, and if the outstanding employees are not hired for three months, the prospects of the company are worrying. If the outstanding employees are not hired for six months, the company will never be big because its company DNA has already taken shape.”

"A very interesting company dna theory." Song Weiyang nodded.

Zhang Fan interrupted: "But is there such a possibility? For example, seven or eight years ago, China's commercial Internet was a blank area. A mediocre entrepreneur was influenced by the United States and saw opportunities when he returned to China. He had some business talents, but he recruited all mediocre employees, but he became bigger and stronger because of the Internet trend."

Song Weiyang laughed: "As long as you stand in the wind, a pig can fly."

"No, no, no," Michael Moretz shook his head, "Once the initial team is mediocre, this company will never be able to do a big deal unless it can undergo a major change in senior management. Even if such a company flies because of the trend, it will hide countless contradictions and problems, and it is very likely that it will be detonated before the listing of IPO. Even if it is successfully listed, it will fall into chaos within one or two years, and investors' stocks will not have time to take off."

Song Weiyang said: "Thousands of roads have different paths. I like to read history and look at the history of China. Whenever wars and chaos arose, the initial teams around the warlords often determine the development limit of the warlords. The mediocre Yuan Cong meritorious officials occupy a high position and will lead the entire group to mediocrity. What Mr. Moritz said before and after listing is just like before and after the warlords became kings and emperors. These are two very important nodes. Before becoming kings and emperors, Yuan Cong meritorious officials will inevitably trigger internal conflicts in order to fight for power and profit. After becoming kings and emperors, the contradictions between Yuan Cong meritorious officials will surface and become white-hot. This contradiction will inevitably affect the entire group of forces. The same is true for companies and enterprises, and they will never leave their roots."

Michael Moretz smiled and said, "For the first time I heard people use history to analyze enterprises and investments, but I have to say that what you said makes sense. Are the thinking angles of Chinese businessmen so jumping and strange, or is it limited to Mr. Song?"

Chen Nanpeng introduced: "Mr. Song is a recognized Confucian businessman in China."

Michael Moretz said: "Are you a follower of Confucianism? I thought I was a follower of Sun Tzu's Art of War."

"You also read "The Art of War"?" Song Weiyang asked.

Michael Moretz shook his head and said, "I don't read it, but there are many people on Wall Street. Because many politicians and entrepreneurs praise Sun Tzu's Art of War, Wall Street analysts, strategists and consultants naturally have to meet their preferences. They give advice to politicians and businessmen, and the analysis reports are stink and long, and it is difficult to get the recognition of customers. But if you read Sun Tzu's Art of War and quote the classic arguments in it, and explain the problem in a few words, you will be regarded as high-end and capable by politicians and businessmen."

"Haha, it turns out that "The Art of War" is not a reference book, but an instruction manual." Song Weiyang smiled.

Michael Moretz also found it funny: "For those children on Wall Street, Sun Tzu's Art of War is a manual, a decoration for communicating with major customers. They may never read it, but at least they have to remember a few famous quotes."

"The Art of War" was originally limited to the military and political circles after the War II and Cold Wars that were popular in the West, especially the Korean War and Vietnam War.

The must-read subjects in the American military are "The Art of War" and "Theory of War", while the must-read subjects in the American political circle are "The Art of War" and "The Prince".

Of course, most people are arty, because a few big names and media praised Sun Tzu's Art of War very well, so others also talked about "Sun Tzu's Art of War". Even if these guys don't read them themselves, they will buy them on the bookshelf to show off, or recite a few famous quotes in the book.

Since the 1970s, "The Art of War" has become popular in the American business world and has been praised by many bigwigs in the fields of management and economics. This kind of praise is the same as Song Weiyang's heart-to-heart talk. It is mainly to show off and improve the style, and to tell the children the big truths.

Publishers also followed various hypes, resulting in Sun Tzu's Art of War occupies the world's number one sales ranking in the category of military strategy, Asian history and Oriental philosophy, and occasionally ranked among the top ten sales of corporate business books.

Publishers are making money insane, and there are not many best-sellers who don’t have to pay the author’s royalties.

If Sun Wu can live to modern times, he can be ranked on Forbes' Global Billionaire List with just the royalties.

Michael Moretz talked about serious topics with Song Weiyang. Chen Nanpeng and Zhang Fan could only listen silently, occasionally interspersing a sentence or two to show their presence. Gradually, they began to talk nonsense, talking about p2p, nanotechnology and other things, these two are the venture capital hotspots in recent years.

Finally, Michael Moretz invited Song Weiyang to attend the event, but was decisively rejected by our Song richest man.

This American came to China not only to investigate the market, but also to help Sequoia (China) founded last year to attract investment partners. If Song Weiyang agreed to participate in their activities, it would be like openly helping Sequoia (China) to stand on the stage. Only idiots can do such things that are beneficial to others and not self-interested.

Even if Chen Nanpeng took the initiative to help star in the Wenjun wine commercial, it would not be possible that Song Weiyang would be rewarded with such a reward.

Michael Moretz failed to make a plan and another one, hoping that Sequoia (China) could reach a strategic cooperation with Taurus Capital. Venture capital does not care about the amount of money, but thinks that he invests too much money. He always likes several institutions to invest together in a project. In this way, not only does the investment risk be diluted, but the companies that have obtained investment can also enjoy the resources of multiple institutions.

Regarding strategic cooperation, Song Weiyang agreed immediately.
Chapter completed!