1449th the Foundation of Capital

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To be honest, before deciding to resign and start a business, Li Wensong did consider those domestic venture capitals.

The technology he has now mastered can be said to have solved more than half of the patent problems in the field of printers in Japan and the United States.

But there is another half that is currently inaccessible.

But when it comes to the domestic printing market, the market potential is still very large.

Especially for his portable printer, the market potential is even greater.

Because this kind of product is a blank stage in the market at present, there is no one that can make the printer so small.

And that's his selling point.

As long as the cost and quality can be well controlled, he firmly believes that his Huayin T800 will definitely be able to fight a bloody way in the dimension of Japanese and American products.

So he really doesn't worry that he won't be able to raise money from the market.

But why didn't he resign to start a business for so long, because in his opinion, getting funds is not what he values ​​most.

What he values ​​most are those venture capital companies, which one can bring him the technical support he wants more.

As mentioned above, he has overcome more than half of the difficulties in printer technology, and now he is short of scanning, which is still blocked by the patents of Japanese and American companies.

And if he wanted to add such a scanning function to his printer, he would have to pay patent fees to Japanese and American companies.

It is even very likely to face technology extortion from Japanese and American companies.

To put it bluntly, people say that I can open up the technology to you, but you also have to open up the technology I need to me.

And the core technology of his equipment is miniaturization, control program, and unique printing technology.

If it is open to large companies in Japan and the United States, with the technical strength of those companies,

People can develop competing products like him in minutes.

When will he have any advantage to earn money with others?

Moreover, those Japanese and American companies are all the kind with deep family backgrounds and no shortage of money.

At that time, even if they fight a price war, they can kill him.

Therefore, Li Wensong was not in a hurry to start a business when he did not solve the final technical problem.

And the reason why he has been observing these venture capitals in China is to think about which one can help him solve this problem.

In fact, he has been in the United States for a long time, but he does not dislike the entry of this kind of venture capital and capital.

Because the entry of these capitals will not only dilute his shares, but also bring him a lot of convenience.

Because some of his classmates work on Wall Street, he has a good understanding of the operation of these venture capital firms.

In fact, what these venture capital firms are best at is building relationships and bringing together cooperation between companies.

For example, they are optimistic about a certain company, but this company is just in its infancy and lacks money.

They will invest in this company, and at the same time help the company solve some technical problems.

For example, a certain technology needed by this company happens to be owned by another company, and they have talked about it before, but they are not open to their technology at all.

And at this time, if there is a venture capital investment, then the venture capital company can help make the connection, after all, venture capital represents capital.

Another company is bound to give capital face.

This is not bragging, the power of capital in the United States is so strong.

Even in a powerful company, they dare not offend any capital easily.

It is even possible that the same capital stands behind this patented company.

Therefore, once capital is involved in things that were originally very difficult, the integration of resources and technology becomes very easy, and obstacles can be easily overcome.

This is exactly the power of capital, and it is also their basic operation.

It is precisely because of the help of capital that this company can develop and grow rapidly, because they not only have financial support, but also technical support.

Therefore, if they rely on themselves alone, it may take three or even five years for them to go public, but with the help of capital, they may be able to go public in one year.

And the venture capitalists who initially invested in the shares can also cash out and make profits after the company goes public sooner.

This is the operation routine of venture capital, not only investment, but also the integration of various resources.

However, he spent a long time observing in China, and finally found that the sad thing is that there are not many of these so-called venture capitals in China, and they have the strength of matching resources and integrating resources like American venture capitals.

That's why he didn't choose to resign and start a business for a long time, but chose to use his spare time to overcome technical problems.

And this situation, until the Ninth Laboratory participated in the establishment of the Quanye Fund, can be said to be resolved.

Quanye Fund can not only provide financial support, because with the participation of the Ninth Laboratory, it can also get on the mysterious Spark Technology company that he values.

And this company is the development company of the intelligent identification system that he dreamed of.

And what he wants is not a complete set of intelligent recognition programs, all he needs is the most basic graphic recognition system of this program.

That's why he submitted his report and application to the review committee.

And his project was quickly approved by the review committee.

The conclusion given by the review committee is also very simple, although the printer market is almost completely monopolized by Japan and the United States.

But it is this kind of monopoly that is gradually threatening the technological security of our country.

And with the awakening of national consciousness, we also need a brand of our own in this field.

The Huayin T800 can just make up for this gap, and this device surpasses any competitor in terms of portability and convenience.

So as long as those small problems can be solved, the prospect of this device is very broad.

And now Xiao Feng nodded in agreement with Li Wensong's request.

"In terms of funds, how much do we plan to invest?"

"Li Wensong's request is not particularly high. He plans to ask for 50 million and give us 10% of the equity."

Xiao Feng nodded after listening, it seems that Li Wensong is not greedy.

The original valuation he gave himself for this technology was only 500 million.

But in fact, if his equipment is really made and sold nationwide, it will definitely be worth more than 500 million yuan.

Look at the current HP. If it weren't for the occasional mention of their home computer, everyone might have basically forgotten about this company.

In fact, their laptop business has been in decline in recent years.

Especially after being robbed of most of the market by Apple, but in fact, people's lives are not very embarrassing.

Why? Because they occupy 40% of the global market share.

In China, it is even more exaggerated. The Hewlett-Packard family occupies 50% of the domestic market.

Last year, in China alone, the demand for printers in the market was 15 million units. Including ink cartridges and other consumables, the market share was 100 billion.

As for the technical strength of Huayin T800, if it can tear off even 20% of the market share in this market, it will be more than 20 billion!

And in terms of the portability of this device, the prospect of this device is very broad, because it is facing the personal terminal market.

In the past, printers were mainly used by companies, government agencies and other large institutions.

It can be aimed at private individuals, although there are also some equipment for families, but the price is often very expensive, and the consumables are not cheap.

But the emergence of this Huayin T800 has solved this problem very well.

It can be said that this will be a major breakthrough.

And as long as they gain a firm foothold in the private market, it is equivalent to tearing a hole in the market.

At that time, it will be much easier to counterattack the market of those large institutions.

Especially in the case of fully independent intellectual property rights, Huayin T800 is fully capable and can compete with foreign giants on price.

Moreover, these domestic companies are not fools. In the past, everyone had no choice, so they could only use American and Japanese printers.

But who doesn't know that these two companies are wolf ambitions, especially the American HP, which has stolen user information and has been exposed.

No one is willing to use this kind of product with a backdoor. Don’t look at the Americans who don’t recognize it on the surface, but they have closed the agreement in private.

But even though it is already closed, who knows if they will tamper with the hardware and software they carry?

When everyone starts a company, everyone has their own little secrets. Even if it is not a high-tech company, they don't want these secrets to be exposed under the noses of Americans.

As for the Japanese, although on the surface, they did not steal your printed materials like the Americans did.

But in fact, as long as you know their ethnicity, you know that these guys can't do anything without messing with the printer.

In the past, everyone really had no choice, so they had to bite the bullet and use American and Japanese equipment.

But now we have a printer with independent intellectual property rights, so why not use it?

Even if this device has a back door, it is not always safer to hold the information in the hands of the people of H country than in the hands of Mi and Japan.

What's more, if this company dares to do that, then they are courting death.

After all, they are a country H company, which is different from Japanese and American companies.

If Japanese and American companies play tricks, because their headquarters are abroad, we can do nothing to them.

But this company, but Huaguo Company, if he dares to do this, then everyone can definitely join forces to kill him.

Therefore, because of this kind of heart, Xiao Feng firmly believes that as long as the Huayin T800 can be successfully listed, there is no reason why it should not be popular.

So he has planned to go all out and support this enterprise.

"Give him 100 million, plus the technical support from Spark Technology, plus 20% of the shares, we want him to own 40% of the shares..."