because i have money

Chapter 46 American Sequoia, Huaxia Green Pomelo (Please recommend tickets!)

Chapter 46 American Sequoia, Huaxia Green Pomelo (Please recommend tickets!)
It’s just that the ideal is beautiful, but the reality is skinny. Now let’s not talk about being on the right track, there are not many projects worthy of Zhou Kun’s betting.

Of course, you can’t blame anyone for this. Before a start-up company is famous, even if you go to other entrepreneurs and say that you want to invest in him, they will also consider whether you are a liar.

I can't let Zhou Kun take out his account balance and show it to others one by one. Look, I have money!
I'm not a liar!
I really have money!
That picture is so beautiful, it's quite ghostly when you think about it.

Besides, the slightly higher-quality projects on the market have actually been closely watched for a long time, and countless people waved their checks to invest in it, but they were not allowed.

At this time, what the founders consider is not whether they can raise funds, but whose money they want to take and how much is more appropriate.

It is unacceptable for an ambitious founder to simply have money but not integrate resources.

So Zhou Kun's current situation is really embarrassing. Others look down on his money for good projects, and Zhou Kun has no interest in investing in poor projects.

Recently, the company has received at least dozens of entrepreneurs' BP (business plan) in the mailbox, but very few of them can pass the first-level screening, let alone the ones that can make people's eyes shine.

But if you think about it, the company's publicity and distribution channels now rely on several WeChat public accounts in the venture capital circle and self-media advertising on some other platforms. The quality of the traffic attracted by these can be imagined.

Most of them are fledgling college students, very young.

Everyone has their eyes high and their hands low, and they open their mouths and shut their mouths to change the world. A million is never too little, and never too little.

But if the money is really given to them, it is estimated that it will be spent immediately.

So those projects were all shot down.

Now this project is still a senior of a certain vice president under Zhou Kun who came out to start a business and advertised in the circle of friends. Later, everyone thought it was good and could vote, so it was finally implemented.

In fact, the reason why the alumni circle is important is that there are more possibilities at this time. Everyone comes from the same school and naturally has a sense of closeness.

Moreover, most of the famous schools that can enter are not mediocre people. If there is no conflict of interest, why not make friends with each other.

Of course, the premise of all this is that both parties have the basis of equal exchanges, so that the mutually beneficial relationship can be more long-term, and it is difficult to maintain an uneven relationship.

Now it happens that one party has a project and is short of money, and the other party is short of projects and has money.

The senior's surname is Qian, and his name is Qian Xin.Undergraduate is Wudaokou Vocational and Technical College, Ph.D. in statistics from Washington University. After graduation, he has worked in Baidu for five years and has achieved a high position of T7.

You must know that this level is not something that just any technical backbone can do in Baidu. The average annual salary of this level is as high as 60 RMB. Including stock options, it is enough to be called a golden collar.

It can be said that his resume is extremely dazzling, a first-class elite.

However, since Baidu changed its president before, the zzz struggle within the company was too serious, and most of the mid-level and senior management's minds were focused on standing in line and fighting.

The artificial intelligence and unmanned driving vigorously promoted by the new president, Mr. Lu, are in a state of yin and yang against foreign workers.

This is indeed unbearable for a person who wants to concentrate on doing things.

When you need other departments to coordinate resources, they will give you bureaucratic accents, and if they are not from the same faction, they will even hold you back. How can this make people not depressed?

In addition to hearing some rumors among the top management, it seems that Mr. Lu intends to resign, and his life will not be easy if the boss leaves, so Qian Xin simply jumped out and did it himself.

So there is a story about advertising in the circle of friends to ask for money and then hooking up with Zhou Kun. What he wants to do is to optimize the algorithm of the visual high-precision map of unmanned driving.

The so-called high-precision map is a broad concept, which needs to achieve high precision in two aspects, namely high precision in the position of landmarks and high precision in the positioning of the vehicle.

High-precision maps are an extension and enhancement of vision, which is a must for driverless driving.

Once you have the lane-level positioning of the high-precision map and real-time road condition updates, you can slow down in advance and change to a non-car accident lane to avoid accidents.

For example: through vision, we can identify which lane we are currently in, and through high-precision map positioning, we can also know which lane we are currently in. The two different methods are mutually verified to achieve higher security.

In summary, high-precision maps can enable unmanned vehicles to see farther and more accurately.

Therefore, the value of high-precision maps for the development of the overall solution for autonomous driving is very high. If it can be effectively optimized, Qian Xin's project is naturally very promising.

It's just that the resources and data on hand are too few if you leave a big platform like Baidu. If there is no data, no matter how good the algorithm is, it will be useless.

Therefore, Qian Xin can only do some experiments with some open source data first, and then see if he can obtain some relevant resources through investors.

After all, I had already accumulated a lot of experience when I was working at Baidu, and I had some ideas of my own in this regard, but I left the company before I could implement my ideas.

But because there is no real evidence after all, it is just empty talk. Although some other institutions have noticed Qian Xin, they have only put it on the list of observation and contact, and are not in a hurry to invest.

For them, a company that has made results and is valued at hundreds of millions is more cost-effective than a company that has not yet made results and is valued at tens of millions.

What they need is certainty, and Zhou Kun doesn't care, as long as it is not a project of someone who is purely cheating money but actually doing practical things, he is willing to invest.

Therefore, as a financial investor, he invested 200 million RMB in Qian Xin, and the conditions he gave were also very favorable, as long as he had 20% of the equity, and promised to reach an agreement with him.

What Zhou Kun cares about is not the benefits brought about by the increase in equity value after the project results, but hopes to use this to expand his influence.

Just imagine how much control he would have if he could have his own tentacles on almost all tracks like Sequoia Capital.

Ma Huateng once complained in public: "Wherever I go, I can meet Sequoia."

This is actually quite normal. Take the projects that Sequoia China has invested in, including JD.com, Alibaba, Ant Financial, JD Finance, Toutiao, Mobike, Ele.me, Didi Chuxing, iQiyi, NIO, Sina, 360, Vipshop, Pinduoduo, Kuaishou, Guazi/Chehaoduo, Jiuxian.com, BGI, Betta Pharmaceuticals, Noah Fortune, ZTO Express, WuXi Biologics, ZPEC, DJI, Weimar Motors, Yunmanman & Truck Gang, Hero Entertainment, Ucommune, Douyu
There are many more, each of which is a familiar name, and each of them is a leading unicorn in the industry.

Zhou Kun's goal is to recreate a Sequoia, to achieve the realm of American Sequoia and Huaxia Green Pomelo.

At that time, it will be the turn of others to complain: "Wherever I go, I can see Qingyou."

(End of this chapter)

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