My Age of Investment

   Chapter 811 Aspiration to lead the world

  The press conference ended, and the audience began to leave.

  Wang Tao and Li Zexiang did not move their buttocks, the latter still persuades the former with earnest words.

  "Now you see it? This is the energy of capital. With your own efforts, can you make such an epoch-making mobile phone?"

  Wang Tao is silent. Compared with Fuxing Mobile, DJI is a scum.

  Even if he is arrogant in his heart, in the face of the huge gap, he has to admit that this phone seems to be an alien technology.

  This is also the goal he has always wanted to pursue, to develop a drone similar to alien technology.

  Wang Tao suddenly turned his head and asked: "Teacher, what do you think of the future of the revival of mobile phones?"

   "Just like its name, leading the Chinese mobile phone to a revival."

  Li Zexiang murmured: "The reason why this name is so big must be that President Xia has high hopes for it."

   "Leading China's mobile phones to a renaissance?"

  Wang Tao frowned and muttered to himself: "Has the domestic mobile phone company ever been brilliant?"

  For Wang Tao’s love, Li Zexiang loves and hates him. What he loves is that he can bring this kind of curiosity and truthfulness into scientific research. What he hates is that he is completely unreasonable and difficult to mix in a complex social environment.

   "In ancient China, technology was still very advanced. You can understand "Renaissance" from this perspective."

"Oh!"

  Wang Tao scratched his head, and then asked: "Teacher, do you think you can achieve the sales target of tens of millions of units after the revival of mobile phones?"

  Li Zexiang pondered for a moment, and then replied: “It’s hard to say that 499 US dollars and 599 US dollars are not very expensive for Americans and people in some developed countries. Most people have only one week's salary.

   But for the common people in China, the exchange rate of 1 to 7.8, if the price is synchronized, is also more than 3,000 to more than 4,000 yuan, which is equivalent to two months' salary for most people.

  Fuxing mobile phones should focus on developing overseas markets, which can be seen from their location of product launches in the United States.

  Tsk tusk~, it’s the first time a domestic technology company is not afraid of tigers! "

  While talking, Li Zexiang started talking to himself, “However, judging from the technology displayed by the revival mobile phone, they have the ability to go overseas to seize the market and compete with Silicon Valley technology companies.

  Xia Jingxing is very powerful. He travels between China and the United States. The layout is deep and wide. This scene is all set up at once! It is indeed a person who has seen the world. "

  Wang Tao was confused, "Teacher, haven't you answered my question yet?"

"Oh."

  Li Zexiang regained his senses, and found that he had digressed, and hurriedly said: “It is technically capable to complete the shipment goal of tens of millions of units, but I am more worried about their sales channels.”

  Li Zexiang's vision is very vicious, and he can see the weaknesses of the Fuxing mobile phone at a glance.

  Sometimes, the smell of wine is also afraid of the depth of the alley.

  Wang Tao still intends to continue to ask questions, but a staff member wearing Fuxing mobile phone uniforms walked towards them, smiled and said, "Two, Mr. Xia invites you to come."

   "Okay, I have work."

  Li Zexiang smiled and got up, Wang Tao also pressed the question in his heart and followed.

  The two were taken to a small room in the backstage of the venue. Xia Jingxing was drinking water in the room. Seeing the two coming, he immediately got up and greeted them and shook hands with the two.

   "Wang Tao, Professor Li, please sit down."

After Xia Jingxing greeted them and took their seats, he smiled and said, "I have been too busy these days. I haven't found time to meet with you. If there is any negligence, please bear with me."

  Li Zexiang looked at Xia Jingxing with a smile, and had a good impression of the latter’s approachability. As the richest man in the Mainland, it is rare to be such a courteous corporal.

  At the same time, Li Zexiang discovered that the unscrupulous editors on Hong Kong Island were obviously making up their minds. It is pure nonsense to portray Xia Jingxing as a domineering and self-respecting person.

  The media on Hong Kong Island is just like that.

   "Mr. Xia, congratulations, this phone you launched is really amazing, I believe it will definitely occupy a place in the field of mobile phones."

  Xia Jingxing smiled, Li Zexiang, a teacher, obviously speaks more than Wang Tao, a student.

  And Li Zexiang's resume is also very good, even very good.

  He was born in Hunan Province in 1961, and was admitted to the Zhongnan Mining and Metallurgical Institute in the first year after resuming the college entrance examination.

  In 1979, he was sent by the public to study in the United States. He successively completed undergraduate, master, doctoral, and postdoctoral studies at Carnegie Mellon University, University of California, Berkeley, Massachusetts Institute of Technology and other prestigious universities.

  In 1992, he began to teach in the Department of Electronics and Computer Engineering of the Hong Kong University of Science and Technology. Now he is also a professor at the Harbin Institute of Technology Dapengcheng Graduate School.

  In addition to the DJI founded by Wang Tao, the investment student, other student entrepreneurial projects invested by Li Zexiang, such as Li Qun Automation and Yidong Technology, have developed very well.

  In addition, Li Zexiang also initiated and co-founded the Hong Kong Island Clearwater Bay Venture Fund, Songshan Lake Robot Industry Base, Star City Robotics Research Institute, Star City Autonomous Driving Research Institute, and jointly established the Hong Kong Island X Venture Platform with Shen Beipeng.

   is a big shot across the academic and venture capital circles.

  Of course, Li Zexiang's success is inseparable from the glory of DJI.

   However, when Wang Tao was most difficult, Li Zexiang also provided funds and recommended many outstanding students to join Wang Tao's team. This was the reason for the glory behind DJI.

  So, the two are mutually successful.

  Xia Jingxing smiled and looked at Li Zexiang. The professor's style is very similar to that of the professors at Stanford. They all like to invest in students, bring scientific research results to the market, and industrialize them.

  Why does a big venture capitalist like Shen Beipeng value him? That's because he values ​​his ability to cultivate students as bosses.

  At present, academic entrepreneurship is not as popular as grassroots in China, because the latter is more adaptable to the market and there are no taboos in fighting.

  But more than a decade later, academic and hard-tech entrepreneurship became popular. They are all cutting-edge technology fields such as autonomous driving and AI robots. They are quite unfriendly to the grassroots, and the threshold for entrepreneurship has become higher and higher.

   "Mr. Xia, can you show me the phone on your desk?" Wang Tao seemed to think about it for a long time before finally plucking up the courage to say this. He looked at Xia Jingxing blankly, fearing rejection.

"of course!"

  Xia Jingxing handed the mobile phone to Wang Tao, and then said with a smile: "I will ask the staff to give you and Professor Li a mobile phone later."

Hearing this, Wang Tao made no secret of his true emotions, his face was full of joy.

  Li Zexiang was more old-fashioned, and asked: "Mr. Xia, your mobile phone has not been launched yet, will this affect you?"

   "No, no!"

  Xia Jingxing waved her hand, very lavish, because they made hundreds of mobile phones in this batch and sent them as they please.

Li Zexiang glanced at Wang Tao, who was playing with his mobile phone, just like a child. He suddenly felt a headache, coughed, and said: "Wang Tao, don't you have something to tell Mr. Xia? Mr. Xia's time is precious, let's still Don't delay him for too long."

Hearing this, Wang Tao put down his mobile phone and looked at Xia Jingxing and said: "Mr. Xia, I have decided to accept your investment. As long as you can build a product like the Fuxing mobile phone, it will be worth it no matter what."

  Li Zexiang looked at Xia Jingxing with a smile, waiting for his next words.

  "I can invest 100 million yuan in DJI, but I want 70% of the shares. At the same time, DJI has joined the Fuxing Industrial Holding Group and became one of the member companies."

  Xia Jingxing looked at the two masters and apprentices, and gave his quotation and investment conditions.

  As soon as he heard this, Wang Tao's face suddenly collapsed, and he put down the phone, and seemed very unhappy.

  Li Zexiang is different, he needs to be calmer, still holding a faint smile on his face, and asked: "Mr. Xia, this is not the usual practice of venture capital? It is more like...acquisition?"

  Xia Jingxing smiled, “According to the usual practice, DJI is not worth 100 million yuan, but I admire Wang Tao’s hard work and willingness to give talents a premium.

  Of course, I also hope that Professor Li can join DJI to guard Wang Tao and do some general work, so that Wang Tao can engage in research and development without distraction. "

  The amount of information is a bit large.

  But Li Zexiang quickly understood.

  First, I only appreciate Wang Tao's technical talent, but his management level is not enough.

  Second, let yourself join DJI and help Wang Tao share some management work.

  Thirdly, only invest money, and will not interfere too much in daily work, and will still rely on both of them.

  If there is no such holding condition, Li Zexiang thinks that Xia Jingxing’s conditions are too good to be better. Even Wang Tao’s flaws have been considered, so he pulled himself as a mentor into the team.

  Li Zexiang asked: “Does it have to be a controlling shareholder? A DJI that has not even launched an official product, is it worthy of President Xia’s attention? Or, Xia always values ​​the future potential of the drone industry?”

  Xia Jingxing smiled and said: “The drone industry at the moment, or can’t be called an industry, except for military drones, civilian drones are just a group of hobbyists who are making fun.

  The industry is deep in water, and R&D may be a bottomless pit.

  DJI joins the Fuxing Industry Group, in addition to getting help in terms of funds, in terms of technology and supply chain, it can also get a huge system of resource support. "

  Li Zexiang nodded, "I see, Mr. Xia, you hope that DJI can grow up quickly."

   "Yes, just like we are the first to launch an epoch-making smartphone, if DJI can take the lead in launching a truly high-performance drone, I think it might not be possible to try the water in the international market.

  Foreigners like outdoor travel and pursue all kinds of novel and big toys. Maybe the product sales are more popular than China.

  Leading step by step, step by step, DJI may not be able to be the leader in the global drone field. "

  Li Zexiang nodded slightly, and Xia Jingxing made no secret of his optimism in the field of drones, and even more ambitiously wanted to be the first in this field.

  If he does not accept his holding, he may abandon DJI and start anew.

  Accepting Xia Jingxing's conditions, DJI's development can directly improve several steps, and it may be able to drive to the international track like the revival of mobile phones, but at the cost of becoming a minority shareholder.

  Does not accept the conditions, DJI is slowly developing on its own, and it may have a bright future, but it is more likely that, like most startups, it is dead in obscurity.

  Li Zexiang also started a company outside, and he knows the cruelty of entrepreneurship and the low probability of success.

  If he chooses, there is nothing to hesitate to choose directly to join the Fuxing Industry Group family.

  This road does not say 100% success, at least the success rate is 80%. Even if it fails, you can still work for a mobile phone company, which has a good future.

  But DJI is not his, he can't be the master, so he looks at Wang Tao.

  "I won't sell the company."

  Wang Tao's attitude was decisive, and he refused altogether.

  "This is a choice of chicken head and phoenix tail!"

  Xia Jingxing looked at Wang Tao and said lightly: "You forgot what I told you the other day?

  What do you want to achieve through drones? wealth? Fame? ideal? "

  Li Zexiang nodded secretly in his heart. He felt that Xia Jingxing’s question was a good question. He is a student by nature a technical talent, but he is not a particularly suitable entrepreneur. Apart from anything else, personality is a big problem.

  The most suitable position for Wang Tao is actually technical management. He is freed from complicated company affairs and devoted himself to research and development.

  You can start a business in partnership with complementary people, but independent entrepreneurship is a disaster.

  Looking at it now, Xia Jingxing’s conditions are actually a kind of partnership entrepreneurship. Xia Jingxing provides funds and resources, and has everything inclusive, so that Wang Tao has no worries and can do research and development at ease.

  If you are a student for fame and ideal entrepreneurship, Xia Jingxing’s hand of friendship is undoubtedly an opportunity.

  If it is for wealth to start a business, paying so many shares at one time will benefit in the short term, but not necessarily in the long run.

   But, again, now DJI is worthless and the shares are not worth at all.

  Xia Jingxing valued Wang Tao only.

  Wang Tao is seriously thinking about Xia Jingxing's words, what does he hope to gain from the drone?

   "Ideal, I hope I can realize my childhood ideal and develop a drone that can hover in the air."

  Wang Tao still has something to say. Starting a company is to serve this ideal. Of course, it is the best to support the family without the material troubles of life.

  Xia Jingxing smiled, he knew that this man was not starting a business for money, otherwise he would not refuse him the investor who came to the door last time.

  Starting a business in a small warehouse less than 20 square meters, and decisively rejecting investors. Is this what ordinary entrepreneurs can do?

  Since I want to talk about ideals, Xia Jingxing is best at this.

  "Realizing your childhood dream, a drone that can hover, is easy, but this is only a stage goal. What will happen after it is achieved? What have you thought about doing? Or what do you want to do?"

  Wang Tao was puzzled by Xia Jingxing’s series of soul tortures, and only after a long while said: “Opening a small company can support yourself and satisfy your hobbies.”

   "I also said last time that large companies will use technology, cost, marketing and other advantages to crush small companies into slag."

  Xia Jingxing glanced at Li Zexiang, “You can ask Professor Li, how many mobile phone shipments must be at least to be profitable?”

  "Generally, mobile phones on the market require at least hundreds of thousands of shipments in order to dilute various costs such as R&D and marketing.

  The Fuxing mobile phone launched by Mr. Xia has invested a lot in research and development. It is estimated that it will cost several million units, right? "

  Xia Jingxing nodded, "Yes, this is also a market trend. Consumer electronics are becoming more sophisticated, and the market structure is becoming more and more headed.

  There is no paradise, there is also a paradise for big companies.

  If you really want to continue the drone business in the long-term, the only way to go is to continue to make the company bigger and stronger. "

   "But in this case, the control of the company is not in my hands. What's the point?" Wang Tao asked.

  Xia Jingxing faintly replied: "I will not interfere too much with DJI. You can study any aircraft you want to study. As long as the company is getting bigger and stronger, then our goal direction is the same.

  If the company gets worse and worse, it will collapse. It will be the same if I intervene or not.

  The company is gone, your ideals are all shattered, even if you have 100% control? "

  At this time, Li Zexiang also came out to help out: "Wang Tao, with Mr. Xia's investment, you can set up a research and development laboratory that is ten times or a hundred times higher than the current one, and you have the final say in the laboratory.

  Products produced, you don’t need to worry about whether you can sell them.

  You only need to do one thing well, research and development.

   Isn’t this something you have always dreamed of? Have you considered how DJI can make a profit and how to survive?

  Starting a company is a complicated matter. It’s not about doing the product well. There are so many unpleasant mundane tasks that you can hardly imagine.

  Of course, if you are willing to change yourself and try to adapt to those common affairs, DJI still has a chance.

  An excellent entrepreneur cannot just understand technology, but must continue to learn and evolve to adapt to the increasingly complex business environment.

  In short, think about it for yourself, make your own mind. "

  If it weren’t for Wang Tao’s misunderstanding, Li Zexiang would like to persuade Wang Tao to quickly agree to Xia Jingxing. There is a high probability that you will not be famous for starting a business by yourself.

  It is not that Li Zexiang's vision is not good, but that Wang Tao is at this level at this time. Any investor who sees it is full of slots, and the only shining point is the dedication to technology.

At this time, the most important thing for domestic VCs is technology. They think that they are only generals, and it is difficult to control an entire army. If the CEO does not understand technology, just hire a technical partner or a good R&D team. This is a lot of people. idea.

  Wang Tao thought for a long time, his face changed constantly, as if he was making a difficult decision.

  Finally, he took a long breath and replied: "Okay, I agree. But, I also have a condition?"

  He looked at Xia Jingxing, and slowly said, “I want to recruit and build the best team in the industry to make the most perfect product.”

   "That one billion was originally used for R&D. If you can invite Turing Award winners to join the company, I will not object."

Xia Jingxing looked at Wang Tao and smiled and said, "I am an aviation enthusiast just like you. I hope to see drones with better and better performance appear. They can fly over mountains, rivers, and valleys, just like rejuvenating mobile phones. , To bring some new pleasures to people’s boring life."

  Wang Tao nodded slightly. He considered a lot, and the reason he agreed was not because of Xia Jingxing’s richest man in the mainland, but because of the Fuxing mobile phone.

  Geeks can only appreciate geeks. Xia Jingxing's ability to tinker with the Fuxing mobile phone should also help him achieve his ideals.

  He transferred some of his appreciation of Jobs in his previous life to Xia Jingxing in this life.

  Ape dung, it is so wonderful.

  Xia Jingxing was very happy, and finally won DJI. It is worthwhile for him to spend so many words.

  His attitude towards DJI is actually not special. The reason for choosing a holding-type merger is that DJI can complement Fuxing Industrial Group.

  The reason why DJI ranks first in the world for consumer drones is that its cost is well controlled. China’s supply chain has obvious advantages, and many of its accessories are common to smartphones.

  At the same time, it has one more consumer electronics brand that is the world's leading consumer electronics brand, which can also further defend and improve the high-end manufacturing brand of Fuxing Industrial Group.

  In addition, he also hopes to use DJI to further expand the business of Fuxing Industrial Group to several fields such as flight, transportation, robotics, etc. These are industries that can be used for long-term struggle.

  Next, Xia Jingxing began to mention the share distribution plan: "The 30% shares, Wang Tao, you can get 10%, Professor Li gets 5%, and the other 15% is used as the employee option pool."

  Wang Tao nodded and agreed.

  Li Zexiang nodded when he saw that the students agreed to be so refreshing.

  Xia Jingxing said: "Well, you can stay in the United States for a few more days. There will be a product launch conference in a few days, and you can witness it together."

   "There is a press conference?" Wang Tao almost forgot that Xia Jingxing mentioned it before.

  Xia Jingxing nodded slightly.

  "How does it compare to the Fuxing mobile phone?" Li Zexiang asked.

   "Only strong but not weak will redefine an industry." Xia Jingxing's tone is calm, very Versailles.

  Li Zexiang and Wang Tao are completely speechless, and they must redefine the industry at every turn.

  You can think right away, what a terrible thing it would be to rejuvenate mobile phones!

  (End of this chapter)