Rebirth of Northern Technology

March 1995

Yahoo! is established.

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In the conference room on the third floor of the School of Computer Science, Quanzheng Technology is holding an enlarged shareholder meeting.

The predecessor of Quanzheng Technology was the game development team where Xie Xiaoman worked.

Quanzheng Technology is a subsidiary of the School of Computer Science, and among all startup companies, the only entity that achieved profitability that year.

In the past six months or so, two consecutive games have been sold, bringing nearly two million dollars in revenue to the company. This gives investors and the team great confidence.

The company is already discussing the second round of financing, and its valuation has jumped from 5 million yuan to 50 million US dollars, an increase of nearly a hundred times.

This financing will release 20% of the shares and raise 10 million US dollars for the expansion of the team.

Xie Xiaoman sat in the back row of the lobby, and their group of students were both employees and shareholders.

Xie Xiaoman is not a core member of the team, but he also received 30,000 original shares. The value of this share has increased to RMB 2 million.

In other words, in the original 10-member group, everyone is a millionaire!

Behind Xie Xiaoman there are a group of other team members who are observing the company's meetings for another reason, that is, acquisitions and mergers.

In the past year, only the University of Technology, either for assignment or hobby, has successively set up more than a dozen game groups. At the financing conference in August last year, 6 companies successfully raised funds. Several other groups continue to operate with the support of the fund.

But with the dual effects of time and capital, the strong will remain strong, and the weak will gradually lose their combat effectiveness.

Many game teams fail not because of technology, but because of the market.

Traditional martial arts, China's four major classics, etc., many themes were chosen as the game background. However, in the Asian computer market, the Chinese game market does not exist at all, especially the legitimate game market is not large enough.

Only the United States, Japan, and Europe are justified in the number of computers in possession. Therefore, Quanzheng Technology, based on European and American myths, is the most successful.

Under the bridge between the major shareholders, the talent fund and the computer school, several failed game teams will be swallowed by Quanzheng Technology.

Quanzheng Technology obtained valuable human resources through this acquisition.

Everyone is from the same root, because the things they learn are the same, and even the game engines they use all come from the basic code of the open source fund. The joining of this group of people will quickly play a supplementary role.

This kind of integration is not only going on, but several other well-developed software companies are also going on.

If it were not for the restrictions imposed by the School of Computer Science, all student resources in the school might be divided up.

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The success of Quanzheng Technology completely detonated the entrepreneurial wave on the campus of the University of Technology.

The threshold for software entrepreneurship is so low that many computer majors and even some students with double degrees have joined the new wave of entrepreneurship.

The newly established Talent Angel Fund receives several similar business plans every day.

The PPT wave started ten years ahead of schedule, but the home game was not in Beijing, but in Northland, on the banks of the Songhua River.

Bingcheng has recently established many angel investment funds, large and small.

Except for two of these funds, which rely on talent funds and basic funds, most of them are investment funds organized spontaneously after cashing out by full-color individual shareholders.

This phenomenon reached a new climax after the annual reports of the six companies invested in the first wave of angel rounds, with new funds being established basically every day.

Most of these funds are grass-roots teams, and many are unlicensed combinations. A big reason is that domestic fund management methods have not yet been introduced.

In principle, individuals have no way to control the control of funds, and the authority can take back control of these funds at any time.

The various funds established by Cheng Yongxing are also exposed to these dangers.

But he has no intention of using these funds to do things that American wealthy people often do, such as asset tax avoidance. In addition, the beneficiaries of the fund are highly influential audiences such as universities. Anyone who wants to reach out must weigh in.

In order to circumvent these problems, some venture funds operate in partnership without a license, while another group operates under the cover of the company. Although the cost is higher, it is finally guaranteed.

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Although Xie Xiaoman and his classmates were sitting together, there was a substantial gap between them in just six months.

The market value of Xie Xiaoman and others' stocks generally exceeds 2 million yuan, and the newly merged students, due to the unsuccessful project, their shares have not appreciated in value in the past six months, but have depreciated instead. On average, the value of each person’s stock is less than 30,000 yuan.

Most people have worked harder than Xie Xiaoman in the past six months and have better programming skills, but they are of no use.

This imbalance spreads across schools, among classmates, among teachers, and among the comparisons of various majors.

Restlessness, comparison with each other, psychological imbalance, etc. have appeared one after another.

Both the school and the teachers have faced this situation for the first time.

This situation even shakes the foundation of the University of Technology:

The management is strict and the effort is at home.

The University of Technology is the backbone of the aviation and aerospace fields. Many students have been assigned to important defense-related positions in later generations, and then they have been unknown for decades.

The students of the University of Technology, because they are located in the north, have not been affected by the economic tide in the south, so they have received a good response from employers. He is willing to endure hardships and has no thoughts, and he has made extraordinary achievements in aviation and aerospace.

But now, the University of Technology has become a powerful engine for national economic development. It is not that others influence it, but it has already been full of economic influence from the inside out.

In the past few years, the myths of wealth creation were all in the fields of heavy capital and asset heavy industries such as semiconductors, precision instruments, testing and control. It is simply impossible to create a photoelectric myth.

And the main body of getting rich is the company, the school, and it has nothing to do with the daily life of students and teachers.

But the rise of the software industry has changed the status quo.

Every year more than one thousand software students, plus more software double bachelor students, so that almost 13 students are affected. This has truly shaken the "national origin" of the University of Technology.

And the influence is still expanding, and more students are preparing to apply for a double bachelor degree in software.

Within the School of Computer Science, juniors and seniors, in more than a dozen classes, all have large-scale suspension and withdrawal applications.

Xie Xiaoman submitted her application for withdrawal.

As Quanzheng Technology continues to develop, key members must withdraw from the work-study status. Choose between schoolwork and career.

Product development progress follows the market progress.

If the new product release fails to keep up with a few specific holidays or holidays, the loss is tens of millions of dollars.

Under the influence of millions of stocks, the core members have made similar choices.

Li Lina is also about to drop out.

Baitu Software, where she works, is also developing well.

They even received two takeover offers, which can be cashed out immediately, not just paper value.

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The power of money finally counteracted the clean campus.

The School of Computer Science is the hardest hit area, led by some young teachers, and students skip classes and drop out.

The campus order gradually became chaotic.

In the faculty group, many people are appointed by the school, and each software group is led by one or two teachers. The success of the software group means the success of the leading teacher.

Even if students are under pressure to suspend or drop out of school, teachers should not even think about it.

In addition, there is a great force competing for the remaining teaching resources. A large number of people from other schools squatted around the college, man-to-man work, and prepared to take them away.

The number of places discussed in the first half of last year has been harassing for nearly a year, and so far there is no result.

The main sticking point is that a large number of schools do not have R&D capabilities, and it is okay to follow the scripts, but contracting projects, especially for some general and technical schools, is a fantasy.

Therefore, the faculty and staff of the University of Technology have become a life-saving straw, pull one back, at least put up the shelf!

Fortunately, there is still a great force that can suppress this chaos for the time being.

The School of Computer Science itself is the company's major shareholder. In addition, some fund shareholders are also inextricably linked to the Industrial University. As long as the applications for resignation and withdrawal of these students and teachers are not approved by the University of Technology, no one has dared to leave directly.

Another point is that the University of Technology occupies a leading position in computer systems. Unless these people don't think about expanding the company and hiring people in the future, no one will think of offending the University of Technology.

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In order to solve the impending staff loss crisis, some other departments, especially the faculty and staff of electronics and mathematics, have been formed to support the computer school in batches, just like the original reconstruction of the inspection major, but on a much larger scale.

But this kind of solution treats the symptoms rather than the cause.

With the rise of software entrepreneurship, newly added forces will quickly be assimilated and lost.

As the school’s economic situation improves day by day, the salaries and remunerations of the faculty and staff of the University of Technology are also increasing, which are high in Bingcheng and even in the whole country.

At the level of lecturers, the basic salary can get about 500 yuan, and professors can get at least more than 1,000 yuan, which is less than 300 yuan in comparison with the average social salary, which has obvious advantages. Coupled with benefits such as room allocation, holidays, bonuses, etc., overt or under cover, the attractiveness is not generally strong.

But in the face of the interests of millions or tens of millions, no one can resist the temptation.

It is not only the teachers and students of the School of Computer Science who understand computer programming.

There are also computer-related courses for teachers and students in automation, testing, instrumentation, electronics, mathematics, semiconductors, physics, electromechanics and other related majors, although they are second-class courses.

Because of the open source software fund, the threshold for starting a business is so low.

For example, the game, the same engine, as long as the set of materials is changed, it is another game.

The same is true for tool software.

Many teachers or students who understand the process, with the support of social funds, have started the process of taking pictures of cats and tigers.

This crisis, centered on the School of Computer Science, quickly spread outward, far from seeing the end.

The initial crisis of the testing profession ended with the establishment of the Semiconductor Department.

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