Chapter 365 Investing in SenseTime

Leave the establishment of the Microworld Technology Company to Chen Yun, and choose a former vice president of Chen Yun from the Feixiang Technology Magic Capital Branch to help manage the Magic Capital Branch.

Chen Yun began to follow Shen Lang's order to select a group of professional talents in the field of short video, plus some programmers and editors to develop the Douyin APP.

At the first internal meeting after the formation of Douyin's internal team, Shen Lang gave an explanation of Douyin's product.

"Since we want to be a short video platform, we must have our own product positioning, and my positioning for Douyin is 18-24 years old, and we specialize in being a short video platform for young people. ”

"Not only that, but we also have to position ourselves in first- and second-tier cities, and strive to distinguish ourselves from these short videos of slow hands. ”

An employee couldn't help but say: "I want to complain about slow hands, all kinds of old iron 666 and raw swallowing ants and snakes, etc., it looks disgusting." ”

"Have you noticed, basically Kuaishou's video sources are people from third- and fourth-tier cities, but people in first- and second-tier cities undoubtedly can't watch such vulgar videos. ”

Shen Lang circled the first- and second-tier cities with a carbon pen on the whiteboard: "Our target group is them, take a different path from these short videos of slow hands, we can focus on choosing some European and American electronic music with fifteen-second short videos, so that more users can show themselves." ”

In the early stage, Shen Lang's task for these people was to study the Douyin APP first, and Shen Lang provided convenience as if he had opened it, so naturally many small bugs that had appeared on Douyin in the early stage were directly skipped.

The research and development of the Douyin APP will take at least a month, and Shen Lang needs to do a lot of things.

For example, taking a stake in a company in the field of artificial intelligence, although Cambrian is also a company in the field of artificial intelligence, it does not help Douyin.

What Douyin needs is a company that focuses on artificial intelligence algorithms, providing Douyin with a set of algorithms to help Douyin screen and analyze users' preferences and recommend them a bunch of videos of the types they like.

A few days after Shen Lang handed over this task to George, George gave Shen Lang an answer.

"SenseTime?" Shen Lang glanced at George.

"Shen, this is a company that I think you might be interested in, they are about to make a Series A financing, but there is only one venture capital that is interested in it at the moment, but I am confident that I will win the only investor in SenseTime. ”

George said: "This SenseTime technology is very prescient, monopolizing more than 150 PhDs in the field of artificial intelligence deep learning, and winning more than 400 industry leading customers at home and abroad, with an annualized business growth of more than 300% for two consecutive years. ”

Shen Lang felt that George was really discerning, maybe the identity of the second generation was a little lazy before, but now that he has recovered his identity as an investor, he has begun to become a lot more mature.

"Can I meet with them, how many shares are they willing to give out in Series A?" asked Shen Lang.

"10% shares, $300 million valuation, this is the offer I received from SenseTime, if you are willing to accept it, their founder is willing to meet and talk to you. George quoted.

"10% is a bit less, you help me fight to see if I can get 15% of the shares, I am willing to give a valuation of 400 million US dollars. ”

When Shen Lang saw that the valuation of SenseTime Technology was not lower than Cambrian, and even the C round of financing was as high as 6 billion US dollars, he couldn't help but want to ask for more shares.

George nodded that he had written it down, and couldn't help muttering, "Shen, I found that you seem to be very interested in the field of artificial intelligence?"

"That's not it, the main thing is that the golden wave in the field of artificial intelligence is coming soon!"

Shen Lang shook his head with a smile and said, both Cambrian and SenseTime are the beneficiaries of the wave of artificial intelligence.

Although Shen Lang is also a little puzzled why Alpha Dog has not yet faced off with a Go master, it is estimated that it should not be far away.

After Alpha Dog defeated the human Go master, the field of artificial intelligence instantly became the hottest field in the investment world.

SenseTime and Cambrian are both taking advantage of this convenience to soar in valuations, and if there is no Alpha Dog to defeat the Go master, it will not trigger the valuation of Cambrian and other companies to skyrocket.

It can be said that a Go battle has created a number of unicorn companies in the field of artificial intelligence.

George quickly got SenseTime, and Tang Xiaoou, the founder of SenseTime, was also very satisfied with the $400 million valuation given by Shen Lang.

For this reason, Tang Xiaoou specially came to the capital to interview Shen Lang, Tang Xiaoou is in his forties, his body is a little thin, and his scholarly temperament is obvious.

"Mr. Shen, I'm Tang Xiaoou. ”

Tang Xiaoou prefers to be called Professor Tang instead of Mr. Tang.

The same is true in SenseTime, where other co-founders manage the company's affairs, and Tang Xiaoou is only responsible for leading the team in the field of artificial intelligence.

"I want to know, does SenseTime have any research on algorithms?" Shen Lang asked the question he was most concerned about.

Originally, Douyin relied on the most powerful algorithm of the parent company Toutiao today to kill many opponents and develop smoothly.

It is difficult for Shen Lang to guarantee that Toutiao will be on fire after seeing Shen Lang make Douyin.

When it comes to the professional field, Tang Xiaoou seems to be very talkative: "Of course, Mr. Shen, we have more than 100 experts in the field of artificial intelligence, and more than 30 of them are senior scholars in the field of algorithms.

It's just that we didn't pay much attention to algorithms before, and we mainly focused on facial recognition and smart beauty. ”

"I wonder if you can develop a personalized recommendation engine like Toutiao did today?"

"If Mr. Shen needs it, I can ask my team to develop a machine algorithm for you, mainly using machine algorithms, but I am not optimistic about this simple use of machine algorithms, I think the combination of artificial and machine algorithms is the most perfect!"

"I can invest in your A round, but I have a request, you help me develop an engine, I have a short video platform that will buy this engine when the time comes, and your beauty function, I will also apply it to my short video platform. ”

Tang Xiaoou smiled and nodded: "No problem, I'll let people get a set of engines as soon as possible when I go back, which is enough to meet your requirements, Mr. Shen." ”

Shen Lang got rid of what he had been worried about, and there was a little more warm smile on his face.

"So, Professor Tang, I also have an artificial intelligence company under my command called Cambrian, have you heard of it?"

Tang Xiaoou nodded and said: "Of course, it is all in the field of artificial intelligence, and I am still somewhat interested in their company that specializes in chips, but our development direction is different." ”

"I can introduce you to you when I have the opportunity, for example, some technologies that you can cooperate with each other, and you all have this potential as unicorns in the field of artificial intelligence. ”

Tang Xiaoou also said with a smile: "I also believe that SenseTime Technology will soon exceed one billion US dollars in valuation, Mr. Shen, since the investment is over, I will rush back to the capital, and I will personally lead the team to complete the personalized recommendation engine that Mr. Shen wants." ”

Shen Lang admires these career-focused scholars, but it is impossible for Shen Lang to fully devote himself to scientific research.

In this life, only Lang Yilang can live, and after taking care of his heart, Shen Lang is also ready to relax himself.