God of Corporate Hunting - Chapter 211



Only Noblemtl
Read Novel Noblemtl

◈ Episode 211 Investment and Investment (3)

Silicon Valley capital is more vibrant than ever.

The mood that had been simmering when Silicon Valley Bank went bankrupt changed with a change in major shareholder.

At least that’s what it looked like to Nam Woon-myung, who visited again. Just from the atmosphere alone, high growth was expected in the future.

“Are you here?”

He was warmly greeted by co-CEOs Rick Curtis and Martha Stewart.

Nam Woon-myung took a quick look around the office and checked out the atmosphere before going straight into the conference room.

Since the acquisition, Nam Woon-myung has been involved in the final investment approval as one of the co-CEOs, and today, while in the US, he stopped by Capital to sign the investment that was decided this week.

Curtis and Stewart also trusted him because he simply decided the investment P/F and did not interfere with anything else. The effect of his involvement has not yet been revealed, but at least it did not interfere with the capital business.

“Have you heard the news about Petanos?”

The story of the great fraudster who shook Silicon Valley was also a hot topic here. Since Petanos was based in Silicon Valley and Eli Short was a Stanford graduate, it was natural that he was the subject of interest.

“Yes, I heard. I was at the Petanos investment briefing last weekend.”

“Oh! Really?”

“I heard Eli Short’s speech there… I thought it was fake.”

“Of course, Co-CEO Nam knew it was a lie.”

“yes?”

Nam Woon-myung was rather confused, not knowing what he was talking about.

Curtis explained with a big smile.

“When you came to take over before, didn’t you select the companies that were waiting for investment?”

Nam Woon-myung gave final approval for the investment, which had been delayed due to the bankruptcy of Silicon Valley Bank.

“At that time, several companies refused to invest, saying the plan was poor.”

“Yes, I did.”

“Among those companies, there was Petanos. At the time, Petanos was a very famous company in this neighborhood, and CEO Eli Short was also famous… We thought it was natural to invest. However, Director Nam refused to invest, so we had no choice but to withdraw our investment. As a result, Eli Short went to New York and held an investment briefing.”

Naturally, Nam Yun-myeong has no memory.

In fact, the reason he decided to approve or reject an investment was because he looked into the fate of the CEO in the investment request. Perhaps even then, he thought Eli Short was a fraud and that his future was bleak.

At the time, I didn’t know that Petanos was such a famous company, so I passed it by without thinking much about it. Nam Woon-myung barely remembered the companies that failed to invest, or even the companies that were approved. So there was no way he would remember Petanos.

“If we had invested back then… Capital would have been shaken greatly. The value of Petanos is now virtually 0.”

Curtis and Stewart repeatedly praised Nam Un-myeong for rejecting Petanos.

The documents Curtis showed listed the Petanos investment firms identified by the Wall Street Journal.

Among them, there were a few places that caught Nam Woon-myung’s attention.

Korea’s global top fund.

Advanced Capital.

Big Rich Capital.

These are all places that have completely failed.

Global Top Fund is led by Kang Han-soo, Advanced Capital is led by Brian Paul, who transferred his stake in Vectorfly to Petanos, and Big Rich Capital is led by Dan Kirk, who had been flirting with Nora.

Poor children.

Nam Yun-myeong expressed his deepest condolences.

“I realized that Director Nam has a great eye. On the surface, it seems like a simple judgment, but his intuition is amazing. So, if it’s not too difficult, I hope you can continue to take on this job in the future.”

Curtis politely asked him to continue in his co-CEO role.

There has been a huge increase in trust compared to when they rejected him just before the takeover.

“Are you getting your salary?”

Up until now it was free, but from now on it will have to be paid for.

“Of course. I will set it the same as Mr. Stewart. Of course, you will only need to confirm investment approval once a week as before.”

It only takes him 10 minutes to look through the documents. If they pay that much, there is no higher paying part-time job than this.

“Ha! I’m really busy… but since you asked, I guess I can’t help it. I’ll do that.”

Nam Yun-myeong reluctantly pretended to accept and handed over the documents on the table.

This is an investment application that needs to be approved this week.

Looking at the history of the first company… … it’s a fraud. The CEO is a guy who is on par with Eli Short and has no skills at all. Even the vision for the future is a mess. Nam Woon-myung, who was about to immediately push the documents aside because it was a company where it would be difficult to recover if invested, glanced at the two people.

Should I at least pretend to review it?

I pretended to hand over the document, but then pushed it to the side.

“I’m not interested in this company.”

While I was reviewing a few documents, I heard a knock outside.

“Who came looking for you?”

These are the people that Nam Woon-myung was waiting for.

“Tell them to come in.”

Four people who looked like college students entered the conference room. They were Stanford graduates who had studied artificial intelligence under Austin.

Nam Woon-myung explained to Curtis and Stuart, who were confused about what was going on.

“These are the students who will be undergoing investment qualification screening today. They are in the field of artificial intelligence.”

Four students sat across from each other, and Curtis and Stewart took their seats on Nam Woon-myung’s side.

“This is NGAI. I am Jeff Casey, the representative. Please call me Jeff.”

The boy sitting in the middle of the four answered on behalf of the group. He was a sharp-looking guy who still had freckles on his face.

“Oh, Jeff! Nice to meet you. I’ve heard a lot from Dr. Austin. But what does NGAI stand for?”

“Next Generation AI. It means next generation artificial intelligence. That’s the goal we’re pursuing.”

Nam Woon-myung looked into the fate of the four students while Jeff was explaining. As expected from a Stanford graduate, their abilities were outstanding. Their personalities and fates were not bad either. If you give them the right direction, they will grow up well.

After hearing Jeff’s explanation, Curtis and Stuart asked questions. His experience dealing with numerous startups in Silicon Valley stood out.

However, Jeff and other students stuttered and could not answer properly.

* * * * * * * * * * * * * *
* * Baca Novel Korean * *
* * * Noblemtl dot com * * *
* * * * * * * * * * * * * *

An investment interview was suddenly scheduled, and it seemed that the company had not yet clearly established a specific vision because it was still in the early stages.

Curtis and Stewart’s complexions darkened slightly.

Of course, it’s not Namunmyeong who needs to worry.

After a flurry of questions and answers, Curtis looked at Nam Yunming with an embarrassed expression.

“Director Nam, isn’t it still too vague?”

“I’m a student who just graduated. It would be strange if the details were already established.”

“Hmm, that could be true. However, in Silicon Valley, there are too many entrepreneurs with half-baked ideas. There is nothing to distinguish between the wheat and the chaff except for the graduation sign. That is why, if possible, I try to avoid investing in startups like this.”

Curtis politely declined to invest.

The faces of the four students who noticed the situation darkened.

“Hmm, I see. Then… we will not invest here and will invest directly at our New York branch.”

Curtis and Stewart were startled and corrected themselves.

“There’s no need to do that…… Let’s invest here.”

“No. We can’t break the tradition of requiring approval from all three parties.”

Curtis and Stewart’s expressions became serious.

Nam Yunming didn’t care. The reason he called the four NGAI people here was to hear the opinions of investment experts. From a typical capitalist perspective, he evaluated that the idea was still immature and that the preparation for starting a business was insufficient.

Nam Woon-myung planned to use NGAI as a forward base for the development of artificial intelligence in the United States together with Austin. Therefore, investing in Mega Asset Management is much more advantageous in terms of future profits than investing in Silicon Valley Capital.

When Nam Woon-myung said he would invest directly, the four people’s faces brightened again.

“The New York office will contact you again soon. Until then, please supplement the documents. I respect your ideas, but financial companies are surprisingly picky. Also, as you prepare the documents, you may find some shortcomings that you did not think of.”

“Yes, I will do that.”

Only then did Jeff breathe a sigh of relief.

“Please discuss the specific development direction with Dr. Austin. No matter how good you are at developing something, if there are no buyers, it will fail. Success comes when individual desires and social needs are in harmony.”

After receiving Nam Woon-myung’s criticism, NGAI left the conference room.

It’s time for the Silicon Valley Capital co-chairs again.

Curtis asked cautiously.

“How can you be sure that NGAI is promising?”

Of course, Curtis didn’t ask the question because he doubted Nam Yun-myeong’s abilities. He had sufficient trust in Nam Yun-myeong due to the Petanos incident.

“You’re just a fresh graduate. You can’t compare your application documents to those of a veteran who has been in the business for years.”

“That’s true, but…….”

“The biggest reason is that it was exactly the field I was looking into. There is no doubt that AI has a promising future. Last weekend, I decided to invest in an entrepreneur who graduated from MIT in New York.”

“What field?”

“It’s a robot. I’m thinking about installing the artificial intelligence that NGAI is developing on that robot.”

“ah!”

Curtis and Stewart nodded in understanding.

“It’s a company called Megarobotics… The major shareholder is Mega Asset Management. If we invest together with NGAI, we expect good results.”

Since it wasn’t an investment from Silicon Valley Capital anyway, there was no way for Curtis or Stewart to object.

Nam Woon-myeong reviewed the investment approval documents on the table again.

Half approved, half rejected, but the speed was amazing.

Curtis and Stewart, who had no idea what the basis for the judgment was, were amazed at Nam Woon-myung’s work speed.

He had been said to have achieved great success in the investment industry since he was young, but he was indeed different from the criminal in many ways.

* * *

The Petanos scam shocked investors.

It was the same in Korea.

In particular, MZ Securities’ Global Top Fund, which had invested half of its capital in Petanos, was struck by an unexpected blow.

“Global Top Fund falls for international fraud.”

“Half of the fund’s assets disappeared overnight!”

“The Financial Supervisory Service is investigating MZ Securities! If there were any problems with fund management, the relevant parties will likely be punished and the securities firm will be required to compensate for investment losses.”

Naturally, ordinary investors are sensitive to losses. When there is profit, they do not care, but when there is loss, they are full of criticism.

In front of the MZ Securities headquarters, investors who suffered losses gathered in large numbers to denounce MZ Securities.

President Kang Han-soo looked pale as he watched the protest scene through the window outside his office.

“Oh my god! How can this be possible! If I had known it was a scam, I wouldn’t have invested!”

No matter how many excuses he made, there was no one on his side.

The ambitiously launched Global Top Fund has assets of a whopping 1 trillion won, and 500 billion won of that has been lost. Since MZ Securities is now reeling from this incident, even if he steps down from his position as CEO, it will not be easily resolved.

The Global Top Fund has fallen into the abyss.

His life, which was going well, was turned upside down by a momentary mistake.

He recalled the incident that was the starting point. It was Yoon Se-bin and Nam Woon-myung who met at the engagement ceremony of the children of the DH Group. At that time, he declared a fund competition and rushed to invest in Petanos in order to win the bet.

Perhaps if I hadn’t made the bet then, I might have been a little more cautious and reduced the size of my investment.

It’s just an excuse, but… …I was seething inside.

It was only then that I realized that the reason I made the bet was because of Nam Woon-myung’s provocation.

“That guy! How dare you touch me!”

The fact that his own wrong judgment was the decisive cause of his investment failure was already out of his mind.

As I was barely calming down my boiling stomach, my cell phone rang.

It was Hyun Chang-yoon of the Bukseong Group.

“Ouch! The Bukseong Group also invested money…….”

Only then did Kang Han-soo remember what he had forgotten.

I stared at the ringing phone for a while and reluctantly picked it up.

[Hey! You little punk!]

Read Novel Noblemtl
Read Novel Noblemtl