Gu Biao also knows that if he really calms down and repeats it, the most extreme cases such as "In order to let General Electric merge Alstom, Frédéric Pieruzzi was arrested and imprisoned for 5 years" may not have a second time in American history.

It is estimated that the judicial departments of the United States itself also know that this is a shame for the United States. Therefore, when dealing with ZTE, Huawei or other foreign companies, they do not dare to do this step.

The key variable here lies in the special significance of General Electric's confidence in the United States.

Historically, in 2013, when the U.S. judicial authorities arrested Pieruzzi, the head of Alstom, GE was already the only remaining founding constituent stock of the Dow Jones index. Therefore, it is very necessary to maintain the growth of General Electric for the national confidence and national self-esteem of the United States.

The New York Stock Exchange's Dow Jones index, since its inception in the 1880s, has changed wave after wave of stock index constituents. There is a big difference between the US stock market and the Chinese stock market later, that is, there are almost no bankruptcies and liquidations of Chinese stocks when they are listed, but bankruptcy and liquidation of listed companies in the United States is commonplace, and American investors will not make trouble, they know that this is a normal risk of investment.

Of the more than 2,500 stocks listed on the New York Stock Exchange at the end of World War II, only 500 survived at the beginning of the 21st century, and the rest have been wiped out.

Since the birth of the Dow Jones index in the 1880s, the only one that has not died in the 21st century is General Electric, which has lived from the Edison era to the Internet era, and has lived with electricity.

Therefore, in the eyes of the US departments of commerce, regulatory departments, and judicial departments, in order to maintain the face of General Electric and give the American people and world investors another reassurance that "Dow Jones also has a company that lives with heaven and earth and lives forever", the Americans will do whatever it takes.

To paraphrase a vulgar line, that is, "people are in the tower", the United States will not die, and General Electric cannot die.

However, it is also ironic that in later history, although the relevant departments of the United States did so many shameless things for the merger of General Electric and Alstom to get out of the predicament, they were finally retributed.

On May 25, 2018, after Pieruzzi was released from prison, he immediately fled back to France, and opened a press conference, writing a book to disclose the conspiracy, from Siemens to Ma Moulong to Mo Mouer, as well as some former executives who are no longer in Alstom, all of them frantically criticized the despicable deeds of the Americans.

After more than half a month of trouble, the S&P Dow Jones Indices Company of the United States felt that it could not afford to lose this person, and announced on June 19 of that year that it would officially remove General Electric Company from the constituent stocks of the Dow Jones Index on June 26.

Since that day, there have been no more "founding constituents" in the Dow Jones Index (that is, none of the stocks included in the Dow Jones Index have existed in this index package since the day the Dow Jones Index was first created more than 100 years ago). ）

Of course, GE will still be listed on the New York Stock Exchange.

S&P Dow Jones & Co. announced that the reason for excluding GE was that "the performance is poor and the industrial structure is not suitable to help the Dow Jones index reflect the U.S. economy." But these words will be believed by the lively Xiaobai-

General Electric's performance is not good, that is not good for many years, in April and May 2018, with the merger of Alstom, General Electric is as warm as just adrenaline. Dow Jones didn't open early or late, but at this time, obviously shocked by the anger of France and Germany.

……

Gu Biao really understands the temperament of Americans too well. However, there is no need to let Ren Zhengyi completely grasp these understandings for the time being.

As long as two or three out of ten of them are analyzed, it is enough for Ren Zhengyi to understand Gu Biao's capital decisions at this stage.

As for the remaining part, when Ren Zhengyi can really grow to that extent one day and be qualified to be feared by the Americans, Gu Biao will naturally have the opportunity to slowly teach him how to be vigilant.

"Mr. Gu, I fully understand your foresight, I believe that I am sure of doing practical things, but I will listen to you in terms of capital operation and protection. ”

After chatting, Ren Zhengyi expressed his position.

The rest of the words are easy to say.

Gu Biao planned with him and sorted out the financing problems in the early days of his business.

Everyone reached a verbal gentleman's agreement:

After Ren Zhengyi left this time, he could leave the system in about November, take the savings of his relatives and friends, and the bank's interest-free and low-interest loans, totaling 300,000 yuan, to build a unit, which will be called "Xia Wei".

Ren Zhengyi has done his homework, and knows that these two or three hundred thousand can basically invite a technical, management, and marketing team of dozens of people, which is enough for these people's labor costs and office expenses for a year and a half.

Nowadays, the domestic wage is low, even in those units that are not guaranteed in the Special Economic Zone, it is only four or five hundred yuan a month to rely on high salaries to motivate technical personnel, so the labor cost of Ren Zhengyi's start-up company is only 10,000 yuan a month.

(In the market of 86 years, if it is a "stable" state-owned unit, with an iron rice bowl, the requirements of workers and technicians are low, and you have more than 100 yuan and a better 200, and people will be very relieved.) However, the more insecure the unit, the more technicians and workers demand high salaries, which is equivalent to spending money to buy a sense of security, so the labor cost of start-ups in the Special Economic Zone is still relatively high)

In this way, plus renting an office, laboratory space, office equipment, board making equipment for circuit design, and mold opening for the whole machine, the sum of seventy-seven-eighty-eight is also worth the labor expenses in the first half of the year.

Therefore, Ren Zhengyi's initial investment of 300,000 yuan is estimated to last until the end of the first month of next year, that is, in March of the Western calendar. Ren Zhengyi is sure that the time will come to develop the first program control switch that can reach the stage of commercialization.

Then, originally he needed to take this product plan, go to the follow-up people to pay for it, and officially test the program-controlled switch, mass production, and turn it around.

Don't think this rhythm is ahead of its time – in the late '80s, there was no "venture capital", but that just meant that no one was going to look at you and throw money at you. But as long as you can actually develop a sample, which seems to be able to be produced and sold, there will still be many adventurers who will have the courage to partner with you.

Moreover, there was no company law at that time, and it was completely a partnership of rivers and lakes, but in the late 80s, in the special economic zone, China's first batch of crab eaters engaged in advanced manufacturing industry waded through troubled waters and made money.

Not to mention anything else, just talking about the history of Xia Wei's fortune in parallel time and space, didn't Ren Zhengyi survive like this.

It's just that now, Ren Zhengyi's link of "waiting for the sample of the program control switch to imitate Japanese goods comes out, and taking the sample to finance the funds required in the production stage" has directly found a home, and Gu Biao cooperates with him.

Gu Biao is also very atmospheric, and negotiated with him to give him a convertible bond of 1 million yuan - if you have the ability to use up the 1 million yuan, you will realize the self-turnover of funds, and you don't need to use external financing to accelerate development, then Gu Biao will allow Ren Zhengyi to directly return the 1 million plus interest to him at that time.

If Ren Zhengyi uses the 1 million and still can't reach the stage of self-financing, or thinks that he can develop faster by seeing through the business model and injecting additional capital in the short term, then obediently accept Gu Ao's shares.

Gu Biao estimated that 1 million is enough for Ren Justice to spend a year. Therefore, Gu Biao's shareholding will not be known until at least 1988. At that time, the specific valuation of each part will definitely have to be discussed in detail according to the development, and it is not possible to directly finalize it now.

But Ren is also aware of the problem that no matter how the company develops, when the product is officially sold, he will have to accept at least 25% of Gu's shares - because between 1984 and '92, there were no fully domestic-owned limited companies in China.

You are either a foreign-funded enterprise, a joint venture, a self-employed enterprise, or a township enterprise with collective shares - for example, Zong Qinghou's Wahaha in history and Lu Guanqiu's Wanxiang are actually affiliated with the collective. It was only after the law was clarified in 92 that the purely domestic-funded limited company was legally clear, and they "spent money to buy it" and withdrew the collective shares.

Therefore, between 88 and 92 years, Ren Zhengyi had to find external investors to account for more than 25% of the total, so it was better to find Gu Biao. After 92, if he really does a good job and feels that he doesn't need more money from Gu Biao, he can slowly split the business and replace it, that's all for later.

As mentioned earlier, Gu himself is inclined to eventually push his stake in the "network business subsidiary" below the 5% red line.

……

"Listening to Mr. Gu's words, it is better to read the New Year's book. Now that I think about it, my decision to go to sea was really risky. I thought I was ready for everything, but looking back, I was just ready for everything in terms of products and technology. On capital, on legal risks, on supply chain security, I really relied on courage to crash into it. ”

After reaching the intention of cooperation, Ren Zhengyi sincerely shook hands with Gu Biao, his face full of gratitude.

"Good job, I just came out a few years before you and saw a little more. If you have a mentor like Kissingi, a bunch of old friends at the level of Haig, Peterson, William Clark, you can too.

I also have a lot of friends in the Special Economic Zone, if you need a reliable supplier when making boards and opening molds, I will help you introduce. "Gu Biao doesn't take credit at all, the clouds are light and the wind is light.

"It's not necessary, I dare to go to the sea, and I'll contact and inquire. Ren Zhengyi thanked him and excused himself.

After drinking and leaving that day, Ren Zhengyi returned to the unit the next day and rushed to complete the formalities before going to the sea.

At the end of this month, he took several brothers who had changed jobs together, as well as some ambitious technical backbones of suppliers he knew in the circle, and went south to the Special Economic Zone to start their own struggle.