"Don't even think about it. Can't you trust me yet? So, how much do you want me to invest?"
Carter chuckled, agreeing decisively to Julian's request.
Putting aside their past relationship, just because this guy was the first to actively approach him for investment, Carter felt a sense of pride! Moreover, Carter also believed in Julian's new company, it shouldn't be too bad.
As for why?
A strong network, over twenty years of rich industry experience, and decent capital. It could be said that this guy already possessed the three core elements required for a truly qualified entrepreneur. Plus, with the high level of mutual trust they were experiencing during this honeymoon period, Carter couldn't find a reason not to support him.
Anyway,
"You should know, I need to make money from this batch of gold futures before I have money to invest with you. If I mess up this deal, you probably won't see me again."
With over 50 times leverage, making money would indeed be exhilarating. But if they lost money, it would be tens of times more devastating! If this deal went sour, the catastrophic consequences would be far worse than not being able to repay over ten million in five years.
No, it should be worse. Except for ascending to the heavens and finding a feng shui treasure, Carter couldn't see any hope of turning things around.
"I know, I know. But it probably won't come to that. As long as we wait for the market to open in January and sell in time."
As Carter's securities broker, Julian probably knew exactly how much money Carter had. After listening to Carter's words, Julian straightforwardly stated:
"Five million dollars for a ten percent stake in my new company! But I can only accept your financial investment. You can serve as a supervisor of my company, with access to the company's information, supervisory powers, and personnel advisory rights. I won't compromise the independence of the company, that's my bottom line!"
"Haha, you're overestimating me. I don't have such big ambitions to snatch power from you. Besides, do I even have the capability? Even if you make me a director, I won't do it, and I can't do it. Being a supervisor is fine."
Julian's words almost made Carter burst out laughing. Seriously, his biggest goal right now was to latch onto the big shots' thighs and let them do the work while he waited for his share of the money.
If possible, Carter wouldn't even want this supervisory position. But after some thought, he decided to keep it. Compared to being a director, the core power of a supervisor lies in financial oversight and oversight of executives. As for how to exercise this power, he'd outsource it to a third-party auditing firm. As long as he had this power, he could ensure his dividend income without worrying about whether other executives were violating regulations. Carter couldn't be bothered with that!
But as he spoke, Carter suddenly felt something was off:
"Wow, you, Julian! With Mr. Mackenzie's investment and yours added to the mix, along with my potential investment of five million in the future, your total asset size is only a little over thirteen million, let's say fourteen million! Adding your technology, management, and other factors, let's say it's worth twenty million. So you're giving me 10% for my five million?"
"Are you implying that Julian Robertson can't even create a company worth fifty million? You have to know, this isn't just money for a fund, it's money to buy a core stake in my upcoming asset management company! I believe that after the first fund, there will be a second and a third."
Carter's voice was somewhat excited, but he didn't expect Julian to be even more so. Especially with his first sentence, he didn't know how to retort, and it annoyed him.
Yeah, didn't he trust Julian to create a company worth fifty million? Thinking about someone like Soros, who was about to become a billionaire, such a person approved of Julian. He couldn't be a nobody, right? Thinking of this, Carter quickly shook his head. Besides, if he didn't believe in Julian's abilities and future, he wouldn't have agreed to invest so easily, right?
"As long as our investment strategy remains generally correct, the size of the fund will expand infinitely. By then, the profits generated, along with management fees and transaction fees, will all be far more than five million dollars. Selling you 10% of the shares for five million, I'm already being generous to you! You know what, even my old friend, Mr. Mackenzie, didn't get these shares!"
"Alright, alright, I agree! Can't I agree? Don't get so worked up, it's a big day, why are you getting so angry? When do you need this money?"
Even though they were miles apart, Carter felt like Julian was right in front of him, blowing his beard and staring at him. Finding it amusing, Carter begged for mercy.
It's just five million, anyway. The expected profit from the gold futures in his account has far exceeded his expectations. It's good to invest some of it, to avoid letting the money lie idle in the account.
"Humph! No rush for this. I still need to handle the work on hand, at least finish up this gold transaction in your account before I can talk about it. I'll deal with your trade in January, then liquidate other assets. It'll take a month or two for the handover, then I'll contact some old friends, explore their interest in investing, register the company, and it will probably take until May or June to set up everything. If everything is settled by May or June, I'll fax you the contract, and then you can wire the money to the company's account. I'll provide you with a certificate and a letter of appointment as a supervisor of the new company."
At the same time, in New York, Julian maintained a calm tone on the surface, but in reality, one of his hands had clenched into a fist, waving vigorously beside the phone, venting his overwhelming excitement.
The investment of over eight million dollars he mentioned earlier was all a pipe dream he painted for Carter. When he and Mackenzie checked their assets before, they found that they could only come up with two million dollars to establish a new fund. The remaining six million was potential capital, and how much could actually be raised was still uncertain.
But after this round of bluffing, Julian felt secure! What's a benefactor? This is a benefactor!
One benefactor could top dozens of small fry!
With Carter's promised five million investment, Julian's control over the asset size would suddenly soar to seven million. And according to Julian's estimate, with Carter's expected profit of twelve million, minus the five million he invested, the remaining seven million dollars seemed like nowhere else to spend.
In this case, when the new fund opens, does he need to subscribe to some of his own fund shares?
Adding these two sums together, plus his and Mackenzie's two million dollars, and the conservatively estimated four million dollars he could raise, it wouldn't be long before he could control a large fund with a capital size exceeding ten million dollars! ! !
From being a broker for others to being the helmsman of a multi-million-dollar fund, crossing such a huge identity gap, Julian could still maintain a calm voice and continue pretending, that's already a sign of a seasoned person who's mastered the art of deception.
Meanwhile, on the other end, completely unaware that he had been fooled, Carter just hung up the phone. Suddenly, he noticed that several pairs of eyes were staring at him intently in the room.
"Carter. You. Come over here! Tell grandma, what did you just say on the phone about investing five million dollars?"
"Yeah, Carter, where did this money suddenly come from?! Five million dollars, not five hundred bucks! You're not doing anything illegal out there, are you?!"