Reborn Entrepreneurial Giant

Twitter's financing of US$50 million is both a good thing and a bad thing. The founder team or the parent company has given up too many shares, and there is a risk of losing control, which is obviously not conducive to the long-term development of the company.

Qu Li doesn't care about this because he doesn't have a good solution, and he can't control a US company from a distance. The founder team can accept it, so why should he be a villain.

After the contract was signed, Qu Li approached Sequoia's Christian to understand the situation

"We don't have to be like this, it's their own choice." Christian explained: "The track they chose is very good, but the team is not good. If it is you..."

"Does Glory have financing needs?" Christian suddenly changed the topic

"There is no such plan at the moment."

"If Honor plans to raise funds, please be sure to notify us."

"No problem, I also hope to get a good price." Qu Li said this, but he didn't think so. Honor is different from Xiaomi. At this time, it mainly purchases from operators. You can confirm orders in advance. Honor actually does it. In a certain sense, there is zero inventory, and the cash flow is very healthy. If other sales channels are not developed, the sales volume will not explode, and there is basically no need for financing.

After half a year of testing, the quality of Honor products has been tested by the market and has reached the qualified standard. That is to say, there is a basis for best-selling. Although the patent issue is not perfect, after cooperating with Qualcomm, the European and American markets are considered unimpeded.

Honor will not focus on online e-commerce for the time being, but chooses to cooperate with Jumei Shopee, not only to save costs, but also because of scale expansion, good service for operators, and good after-sales are the most important things at present.

In any case, Honor has always been profitable, and the profit is very rich. With 3 million mobile phones, even if the net profit of each unit is 50 US dollars, the net profit is 150 million US dollars. If it is listed on the A-share GEM, it will have a market value of 100 billion.

It is not to say that Honor does not need financing at all. Let’s assume that the material cost of Honor mobile phones is 200 US dollars, and 10 million units will need 2 billion US dollars? Based on the calculation of 30% upfront payment, 40% is paid after production, so it will cost 1.4 billion US dollars. This money can’t be less, right? Honor's last financing was only 320 million US dollars, and the operator's repayment is still not enough.

Now let’s look at the Honor G2. Qu Li requested that it be released before November, leaving time for operators T-Mobile and Verizon to stock up. As an operator using the CDMA/CDMA2000 network standard, Qualcomm cannot let its allies have no smartphones.

Cooperating with Verizon will naturally damage the interests of T-Mobile. Qu Li came to the United States this time and wanted to visit the CEO of T-Mobile, but he also had a temper and directly rejected his kindness. Fortunately, he can continue to cooperate, but It is inevitable that the relationship is not as close as before.

The news that Qu Li arrived was that HTC will be responsible for developing a customized slide phone for T-Mobile. Not only that, their general manager also visited Andy Rubin, the person in charge of Android, and it is said that they have become good friends up.

Qu Li had nothing serious to do at Google, so he visited the Google duo, and then went to see Schmidt and Andy Rubin.

"We have three employees who are unwilling to come back. You are really capable." Andy Rubin said angrily. Compared with HTC, the people of Glory are too inexperienced.

"I'm sorry, but Glory really needs such a group of people, otherwise it would be difficult for us to carry out a lot of work..." Qu Li apologized, and a group of employees arranged by Andy Rubin to Beijin were poached by him for three important positions. A development engineer with a deep understanding of the operating system.

"An apology can solve the problem. You don't know how much it will affect the development progress of Android?"

"I promise there will be no next time. The main reason is that the Android system is upgraded too fast, and there are many compatibility and stability issues..." Qu Li didn't want to offend Andy Rubin. This is not good for Honor, but giving money is impossible, After informing the Google duo, he bought a small gift worth about $1,000 for Andy Rubin.

"Will you give him a gift instead of us?" Larry Page teased him at the time

"We are all entrepreneurs, and we still have idealism in our hearts. I don't want to turn the relationship into a philistine, but for the development of the company, sometimes some compromises need to be made. I think I am qualified to be your friend, but I may not be able to be your friend." Andy Rubin's friend, so..." Qu Li didn't know if the Google duo could understand his explanation, anyway, he just made an excuse on the fly

Andy Rubin accepted his gift and apology. Qu Li knew that after Musk picked him up at Larry Page's house, he went with him. It was not to save some money by living in his house, mainly because there were some things he wanted Talk to Musk.

"I have some money and want to invest in a power battery company in China. In the future, when I have money, or Honor can make a stable profit, it may transform into a pure electric car company. I want to know from you what standards power batteries need to meet..."

"The threshold for power batteries is higher, right?"

"The threshold is high but the initial investment is low. If Glory goes bankrupt, I will not build cars. I will supply power batteries for Tesla, and I shouldn't starve to death..."

"Haha..." Musk laughed. He is now the chairman and CEO of Tesla, but the cost of Tesla's first sports car, the Roadster, was too high, the price exceeded expectations, and the sales were not good. Only 2,250 units were sold in four years.

Qu Li ordered one from Musk, and wrote him a check for $110,000 on the spot, and the specific address will be sent to him by email when he returns.

"Don't worry, I will send you a copy of Tesla's specific requirements and design standards for power batteries soon..." Musk promised that Qu Li's request is a trivial matter. No pity.

After making an appointment, Qu Li did not stay at Larry Page’s house. He had other things to do. Sun Jianhe came to the United States to represent the Vision Fund and several major shareholders of Spreadtrum to reach a share transfer agreement and buy 1,500 shares at a price of 3.8 US dollars. million shares, with a shareholding ratio of about 34%.

Spreadtrum CEO Wu Ping rushed to the United States and contacted Texas Instruments through a glorious relationship. He wanted to package Texas Instruments’ communication baseband project, including their team and patents (excluding wimax and other non-mainstream solutions), which could complement Spreadtrum’s GSM/GPRS/ The accumulation of EDGE/WCDMA and other aspects may also be learned through acquisitions from Texas Instruments, including improving the yield rate of baseband chips.

Spreadtrum’s stock price plummeted due to the failure of their products. Many partners abandoned Spreadtrum, performance declined, and management was chaotic. Even if there was no subprime mortgage crisis, Spreadtrum’s future was not optimistic, so it was sold.

Vision Radical's acquisition of 34% of Spreadtrum's shares will naturally be announced, but not many people care about the acquisition of a small company with a market value of less than 200 million US dollars by an unfamiliar fund.