I was reborn and stayed in school to lie down. I really don’t want to roll anymore!

"Brother Jiang, this place of yours is hard to find!"

About half an hour later, the two of them were led into the second floor by Pang Yi.

As soon as he sat down, he started complaining to Jiang Hao.

"Brother Lu, we have just started our business, so the conditions are tough!"

“This place is a bit far from Jiangning District, but it’s quite close to Songgong University, so it’s more convenient to communicate with Professor Duan.”

The hardware of the sweeping robot was developed by Professor Duan in his laboratory at Songgong University.

In this company's office area, there are actually only software engineers responsible for the supporting software.

"Is this Dibao sweeper the one you gave me at the end of the year? It's quite useful!"

"I didn't expect the company to open here. What exactly is the situation of wanting us to invest?"

Years ago, Jiang Hao bought several sweeping robots.

They use it when visiting each other and giving gifts, including to Director Ren's family and Li Jing and others.

Lu Weiming was naturally familiar with this thing, and so was Yang Tianhao.

The two of them did not dislike the disposable water cup handed to them by Pang Yi.

I have already asked Jiang Hao about the details of this project.

“The product development of the sweeper was quite successful and met expectations.”

"However, the company has some problems with its sales decisions and is currently experiencing some difficulties with liquidity."

Jiang Hao had no intention of fooling either of them.

They are all old friends and partners of many companies, so he has no reason to hide anything.

The product situation, including the company's current operating conditions and the situation where current products have not been sold due to wrong decisions, should be told truthfully.

"I understand. How much money is needed? How many shares can we get?"

After hearing this, Yang Tianhao immediately asked about the specific number without any hesitation.

This made Professor Duan and Pang Yi a little excited, but Jiang Hao still adhered to the principle of responsibility and advised the two to reconsider it.

"Brother Yang, Brother Lu, please think about it again."

"There's nothing to worry about. Brother Jiang, you invested in a promising project yourself, so what could be the problem?"

"Don't worry, we can afford it even if we lose."

"It's only the A round anyway, how much can we lose?"

Before Yang Tianhao could respond again, Lu Weiming immediately helped to agree.

In fact, the two of them had little actual interest in investing in this sweeping robot company.

But when they heard that it was a company that Jiang Hao was optimistic about and could serve as an angel, they became interested.

Compared with investment companies, their investment logic is still to invest in people, or to put it more clearly, to invest in Jiang Hao.

They believe that Jiang Hao will definitely have a future. He has already taken on so many projects, so this one won't make a difference.

If other projects are indeed mediocre and this project achieves huge success, they would really regret it if they missed it.

Finally, there was no professional assessment of the company’s financing valuation.

Even though the company seems to be unsustainable on paper, the goal of the angel round to produce the product is actually in line with expectations.

Ultimately, the standard is the current funds of the second-generation products, plus the funds needed by the company.

A rough estimate is that 15 million will be needed to settle the current accounts including upgrading the second generation of sweepers.

The shares transferred are the same as in the angel round, 20%, 10% each for each person.

After the two of them raised funds, the original valuation of the company was 25 million.

Professor Duan holds 70% of the shares, Professor Zheng holds 15%, Pang Yi holds 10%, and Jiang Hao holds 5%.

Finally, the final standard was based on the post-investment valuation of 75 million.

After the A round, Professor Duan held 56% of the shares, Professor Zheng 12%, Pang Yi 8%, Jiang Hao 4%, Lu Weiming 10%, and Yang Tianhao 10%.

Compared with the nearly dozens of times increase in the A round of Totoro Live, the valuation of this artificial intelligence company is relatively not that exaggerated.

Coupled with the mistakes in its product sales, the company's valuation eventually doubled.

"Junior brother, you should hire some marketing talents later."

"In the future, sales will be mainly online, supplemented by offline."

"Based on the feedback on the product, I estimate that we will have no problem selling 5,000 to 6,000 units."

"Of course, the price may still be too high. Anyway, you can lower the price of this first-generation product in the next few months."

“Especially the online prices, they can be lowered a lot more.”

Nowadays, the general impression is that online shopping is cheaper than offline shopping, and it is understandable that there are fewer intermediary channels.

People buy things online because they want cheap prices, which is different from later generations when people specifically look for official online stores and are willing to pay a little more for the prices.

However, even if the price is reduced later, the inventory of 20,000 units will definitely not be cleared out.

Jiang Hao thought about it and finally decided to help Junior Brother Pang clear out the inventory.

"Brother Lu, Brother Yang, why don't you buy some in bulk? Just give it as a bonus to the company's employees?"

"We'll charge you the cost price anyway, so how about 500 yuan?"

Jiang Hao said so, and several shareholders gave him face.

In the end, Jiang Hao even ordered a thousand units himself and prepared to pay for them in the name of the Totoro Company.

Finally, it was distributed to the company's employees as employee benefits.

Anyway, since the channels to companies and other organizations have been cleared, it will not affect the market price.

For the company's employees, seeing that this high-priced high-tech product on the market is distributed by the company will make them identify more with the company.

Pang Yi soon realized Jiang Hao's idea, and he knew how to convert the inventory into cash if it really couldn't be sold.

"Since the financing was successful, would you like to treat everyone to lunch at noon?"

Jiang Hao made the suggestion here, since there were only about ten people in Dibao Company.

They are also very critical technical teams and core employees.

While the software was developed under such difficult conditions, the food should also be improved.

I found a restaurant nearby that looked decent.

As soon as everyone sat down in the private room, Jiang Hao started communicating with Ning Chengming, the head of the software development team.

"Student Ning, where did you work before?"

I was busy discussing financing at the company just now, and I haven't communicated with this technical expert.

This young student Ning seemed a little shy, including when communicating with him.

But he is indeed the software manager of this company's team, and he is also responsible for both machine development and online APP development.

He has used both sweeping robots and APPs on mobile phones, and to be honest, they are very mature.

Jiang Hao admires this level of work and intensity.

"Mr. Jiang, I started my own business before."

"Ah? What project is that? What happens next..."

Jiang Hao was a little surprised when Ning said this.

He never thought that this young-looking classmate Ning had actually started a business.

"Senior Jiang, Ning Chengming is my classmate. He graduated from Shuimu University and previously worked on a mechanical dog project in Shenzhou City."

"But later on, no one in the company continued to invest, so I asked him to help me start my own business."

Mizuki University?

When they heard the word "university", Brother Lu and Yang Tianhao's eyes immediately looked over there.

No one paid much attention to it at first, but after hearing about this university, they couldn't help but feel curious about Ning Chengming.

As students who graduated from top engineering universities in China, they actually have relatively little contact with each other in real life.

Especially in Songjiang City, there are not many talents from top universities coming to Songjiang City for employment these days.

Even Jiang Hao's Totoro Live Broadcast has not recruited many graduates from the two top universities in the country, only a few in the single digit.

"Wang Xuan is also from Shuimu University. The others are from Harbin Institute of Technology and University of Electronic Science and Technology of China."

"They were all working on the electronic dog project with Cheng Ming before, and now the whole team is here."

When Jiang Hao heard this, he couldn't help but give a thumbs up to Junior Brother Pang in his heart.

Although Junior Brother Pang’s abilities in scientific research and starting a business are so-so, his level of recruiting talents is really good!

He asked why the supporting software was so mature and completed so quickly, and even the App was completed at the same time.

It turns out that they really recruited an entire artificial intelligence startup technology team.

I guess all Pang Yi's luck in running the company was used up on this.

That’s right. Otherwise, it would take a long time for you to hire a technical expert and then build a supporting team to get them to work together!

"When my business failed, I was planning to take everyone to DJI to develop drones."

"But Pang Yi has been inviting me, and the salary is not low, so I thought about coming here to try it out first."

“The product is still not as popular as expected, or our software is not mature enough.”

Ning Chengming was at the dinner table at this moment, still taking the problem upon himself.

But Jiang Hao knew that the problem was not with the software.

On the contrary, being able to adapt the first generation of software to this level within a few months is enough to prove the strength of his team.

"Mr. Ning, whether a product can become a hit still has something to do with marketing and the market itself."

“I think our first generation product just has market limitations, and pricing and marketing need to be improved.”

"I believe the second-generation product will be more mature and accepted by the market."

Jiang Hao was now trying to comfort Ning, while at the same time he was mentally preparing to communicate with Professor Duan as soon as possible.

The company's options should be given out as soon as possible, so as not to let this talented team run away.