My Age of Investment

Pleasanton, which means Joy City, is the wealthiest medium-sized city in the United States. It is located outside the San Francisco Bay Area and 40 kilometers away from Silicon Valley.

The car was driving on the road from Silicon Valley to Joy City, Xia Jingxing closed the document in his hand, and looked out the window.

At this time, it has entered the urban area, and there are rows of restaurants, shopping, and leisure centers on both sides of the road, and the community is clean and tidy.

From the perspective of livability, Joy City is undoubtedly a good place to go, away from Silicon Valley and the San Francisco Bay Area, where traffic congestion and hustle and bustle are becoming increasingly crowded.

PeopleSoft is headquartered in this city.

The Workday Company, which was re-founded after its two founders were driven out of the company, is also located here.

Xia Jingxing didn't know whether the two of them really liked this small town and couldn't do without it, or if they were deliberately disgusting Oracle Bone Inscriptions.

Because there's nothing like growing and growing under the eyes of Oracle, which can express the evil spirit in the chest.

After Oracle acquired PeopleSoft, it cut 5,000 jobs at the 11,000-employee company within a month.

In terms of business ruthlessness, Larry Ellison still ranks first. The entire development history of Oracle is a history of mergers and acquisitions, with the acquisition of hundreds of companies.

Every acquired company has to lay off employees, clean up, integrate, and fully integrate... repeat a whole set of processes.

PeopleSoft is no exception. The two founders and protégés were all kicked out.

After the establishment of Workday, it has been continuously recruiting and absorbing these old PeopleSoft employees who were laid off by Oracle.

This is also an important reason why the company's cash flow is in short supply on weekdays. The product has not been a big success, but a lot of idle employees have been recruited, which has caused a heavy financial burden on the company.

For these small actions of the two founders, Oracle naturally noticed them.

In addition to suppressing the new Workday with a low-price strategy in the sales market, it has also continuously released rumors in the venture capital market to prevent Workday from financing.

Before leaving, Xia Jingxing asked the staff of the Lichun Fund to collect a lot of information about the working day.

He had read it carefully on the way just now.

The business situation is better than that described by Lin Yaocheng,

It's much worse.

In particular, Larry Ellison has spoken to the market: whoever helps Workday is Oracle's enemy.

Larry Ellison ranked ninth in the world on the "Forbes Global Rich List" released in March, with a worth of 18.4 billion US dollars!

With the other party's status in the arena, combined with his rebellious and vengeful character, many investment institutions dare not make mistakes, for fear of becoming enemies with this rich man.

Of course, this is also because the potential currently shown by Workday is not attractive enough, the business is bleak, and it looks like a street.

In the eyes of many investment institutions, it is not worth fighting for it.

If there is the indomitable development momentum of Facebook, it will be another story.

The car slowly stopped in front of a six-story office building. Zhang Chenguang trotted around the front of the car, opened the door, and Xia Jingxing walked out of the car.

After looking at the house number, Xia Jingxing called Duffield, the founder of Workday.

After a while, an old white man with silver hair and a middle-aged man with brown skin appeared downstairs.

"Hi Darren, I'm Duffield."

The old white man took the lead and came forward to shake hands with Xia Jingxing.

Xia Jingxing shook hands with the old man while looking at him.

This old man is already 65 years old, and he has already reached the age of retirement.

As the founder of PeopleSoft, he received $600 million in a $10.3 billion company acquisition, and he is financially free.

But this old man is notoriously a workaholic and loves to make troubles. Now that he is starting a business again, he is determined to do it with Oracle!

It is not an exaggeration to describe it as "the martyr is old and full of ambition"!

By the time the listing bell rang, the old man was already in his seventies and had become a legend of a generation of entrepreneurs.

It has also inspired countless young entrepreneurs. Old men who are about to fall into the ground can make a comeback. What qualifications do young people have? Can they work hard?

And another brown-skinned Indian middle-aged man, Busri, is the former vice chairman of PeopleSoft and is now a partner of Greylock Ventures, the founder and co-CEO of Workday.

Of the two, Duffield is still the leader, and the old man is also the chairman of Workday Company.

Fortunately, Xia Jingxing didn't need to introduce himself or Envision Capital much, and the two of them didn't ask too much.

Perhaps when Lin Yaocheng conveyed his investment intention, he had already grandly introduced himself.

Xia Jingxing guessed that there is a high probability that this is the case.

After exchanging a few pleasantries, the two greeted Xia Jingxing and went upstairs.

Although the company had only been established for a few months, Xia Jingxing saw that the densely packed workstations were clearly the same as the introduction in the information, almost becoming a refuge for the laid-off employees of PeopleSoft.

Taking a quick glance, Xia Jingxing soon had a plan in mind.

Duffield brought Xia Jingxing to the meeting room, asked the staff to make two cups of tea, and handed them to Xia Jingxing and Zhang Chenguang who was sitting in the corner next to him.

Xia Jingxing also did not expect that the other party's company, which had only been established for a few months, would actually have tea.

It is not surprising that a large American company occasionally receives Chinese customers and has tea in stock, but it is still a bit surprising to appear in a start-up company.

Seeing Xia Jingxing's surprise, Duffield smiled, "The purpose of the establishment of Workday is to put customers and partners first, and the company second.

When PeopleSoft opened a branch in China a few years ago, I went to China and learned that Chinese people like to drink tea.

Yesterday I heard from "Lin" that you want to come over, so I asked the staff to go to a nearby Chinese city to buy tea.

I was short on time, so I just bought it casually. I hope you like it, Darren. "

The old man's remarks really made Xia Jingxing feel good about him.

The other party has been in the mall for decades, and he really has two hands in dealing with people.

But based on this alone, it is obviously impossible to get the investment money lightly, at most it will add a little impression point.

When it comes to business, he won't be soft on it.

The other party was so sincere, Xia Jingxing thanked him with a smile.

I took another sip of tea, the taste of the tea was actually mediocre, but my mouth kept praising the tea.

Duffield said with a smile: "Daren, let me introduce you to Workday Company first."

Xia Jingxing nodded, put down the brand new blue and white porcelain teacup, and seemed to be listening attentively.

"Before you came, you may have investigated PeopleSoft and our team.

Today's Workday Company intends to continue PeopleSoft's entrepreneurial direction and continue to develop human resources services.

The first product we are currently planning to launch will not only analyze employee costs, but also manage employee salaries…”

Duffield gave a brief introduction, beckoned, and asked Busri to hand over a document.

Xia Jingxing took it over and saw that the non-disclosure agreement was a basic operation.

After carefully reviewing the document, Xia Jingxing signed it.

Seeing that Xia Jingxing didn't ask any more questions, he went straight to the review and signed, and the smile on Duffield's face became three points thicker.

Originally, he was worried that Vision Capital, as a new investment institution, was not so professional, but now he can put his heart in his stomach.

Then, Duffield asked his partner Bliss to bring a computer and demonstrated their human resources software to Xia Jingxing in detail.

Although the old man once served as the CEO of a company with a market value of tens of billions of dollars, he didn't show much at this time, just like an ordinary entrepreneur, talking about his business plan.

Busri on the side watched the scene: a silver-haired entrepreneur in his sixties was concentrating on introducing his products to a black-haired investor in his early twenties.

His eyes were a bit complicated, and he felt as if the roles were reversed.

But who told someone to achieve great success in business at a young age?

Duffield, who is in his sixties, doesn't feel embarrassed, so what's so embarrassing for him in his early forties?

So he quickly abandoned the discomfort in his heart and participated in the discussion between the two.

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