Hearing Lin Yi mention that he intended to enter the venture capital industry, Tim was slightly excited, but quickly pressed it back.

Tim gave a detailed introduction to the entrepreneurial project and the entrepreneurial team on how to conduct risk assessment.

Then from him, Lin Yi learned that after the venture capital was finalized, the matter was not over. Those entrepreneurial teams, although they are technical masters, most of them lack management skills.

Therefore, venture capital companies must help the entrepreneurial team to correct mistakes and make up for shortcomings.

The two talked more and more, and the more they talked, the more speculative they became.

Lin Yi benefited a lot and listened and nodded constantly. It turns out that venture capital companies also have to take on the responsibility of nanny! Unlike the shares of listed companies, they can just be bought and thrown there.

HP in the 50s, DEC in the 60s, and Intel in the 70s, Tim broke the past Silicon Valley miracles one by one to Lin Yi to explain in detail.

Speaking of which, Lin Yi mentioned a piece of news: "Intel and AMD, the two chip giants, recently reached a settlement and authorized each other's patents. ”

"Their future is certainly bright! With such a big piece of good news, why doesn't DFJ enter the stock market and buy their shares? Isn't this also investing in technology companies?"

Shaking his head solemnly, Tim said proudly: "Investing in the future and generating capital from scratch is what venture capital should do." Before the company went public, we were more professional. ”

"Once the capital is generated, we should exit in order to control the risk and ensure that the profit is realized. If greed cannot be suppressed, this road will not go far. ”

"After the company goes public, it is the capital growth stage. At this time, the bank is more professional in investment. Moreover, it is not easy to snatch food from the mouths of Wall Street predators!"

Speaking of this, a mysterious smile appeared on Tim's face.

After this long conversation, Lin Yi appreciated the other party even more. DFJ Investment Company is in a very bad situation. But when Tim spoke, there was no urgency, and he showed everyone's demeanor.

Sure enough, in the next conversation, Tim got to the bottom of it: "Starting with my grandfather, my family has been engaged in venture capital for three generations. But instead of going into the family business, I came out and started my own business. ”

Tim spread his hands, then smiled wryly, "You heard it too." Within three years, 25 companies had been invested, but none of them had been able to meet the listing qualifications. ”

"Now the company has entered a downturn, and there are people collecting loans. To make matters worse, it was placed on the SBA watch list. The only way to survive is to bring in new investors. ”

Tim's honesty touched Lin Yi. Although the other party is young, when he is in adversity, he can not be arrogant or impatient.

Such a resolute and steady person, even if he is currently trapped in the shallows, as long as he can have a little help, he will definitely be able to get out of the quagmire!

The icing on the cake is better than sending charcoal in the snow. Lin Yi proposed: "The gentleman who left just now said that he would withdraw his capital from DFJ. How much he withdraws, how much I make up, the shares remain the same!"

During normal negotiations, there is a good opportunity to take advantage of the situation, and we should chase after it and pursue more benefits.

However, Lin Yi took a fancy to Tim, not Defengjie Company, so naturally he would not engage in that robbership.

Lin Yi replaced him as a 'limited partner' and did not directly manage the company. Instead, the 'general partner', Tim, is entrusted with indirect management.

The general partner, equivalent to the CEO, is Tim in front of him. And Lin Yi's identity is equivalent to a director of DFJ. This kind of 'sit back and enjoy' work, he likes it the most.

After spending $3 million in exchange for a 20% stake, Lin Yi felt it was worth it. The company has the right to speak, he doesn't care. The opportunity to learn about venture capital is what he dreamed of.

What's more, although it is not as good as Sequoia Capital, which has been in Silicon Valley for five years, Defengjie's three-year qualifications are also well-known in this venture capital circle.

Those startups, when looking for funding, will not only contact one venture capital, but must shop around!

So from Defengjie, Lin Yi can see all kinds of changes in Silicon Valley at a glance. As long as he catches a few big fish, he can ascend to heaven!

========= dividing line ========

After getting the venture capital company, Lin Yi was happy for a while. Celebrate last month's earnings and finally spend it!

But happier troubles are beckoning not far away. The time is about to enter June, and an even bigger profit is about to be recorded.

No way, are there already two factories, the output of arcade machines must have doubled-Lin Yi's sigh is really a bit hypocritical.

The intelligence from the Dames Group let Lin Yi know that even Atari, a best-selling game, sells 20-300,000 units a day, and the American market is saturated.

Arcade machines are not consumables like food, and customers don't update them often. Therefore, Paradise Games, the factory in the United States, is no longer suitable for continued expansion.

Moreover, due to the high cost, 'Made in the USA' at this time was not competitive internationally. From automobiles to electrical appliances, RB and West German products are squeezing American goods out of breath!

Lin Yi calculated that the minimum wage in the United States at this time was 2.3 US dollars per hour. His two arcade factories have certain technical requirements, so the minimum salary of workers is $6 per hour.

The legal working hours here are 40 hours per week. Excess time is counted as overtime and is subject to 1.5 times the wage.

On average, a worker's annual income = the company's labor cost, which will not be less than $12,000.

In February this year, Lin Yi and Xiang Yanghua had a 'wedding trip'.

This is nearly a circle around the earth, and there is absolutely no circumference in vain. From the Asian Four Tigers to the developed countries in Europe and the United States, I have almost investigated it.

At this time, Hong Kong and Singapore were not yet developed. When converted into dollars, the annual salary is only two or three thousand, which is only 1/4 to 1/5 of the United States.

Labor costs account for about 15%-20% of the total cost of manufacturing. If production is shifted to Asia, profits can increase even if transportation costs increase.

RB and the Asian Tigers, why they were able to rise. Lin Yi's account has been calculated here, and he has figured it out a bit. Of course, he is working with the rich to shift their investments to Asia.

At the meeting, Phelan said: "In recent years, Hong Kong and Singapore, the electronics industry has developed rapidly, and the foundation has been laid well. And RB has come to the top in the production of TV sets, so I am in favor of setting up factories in Asia. ”

At the meeting, it was decided that this business visit would be led by Ferran. By the time he negotiates the new factory, next month's profit should have been booked. Paradise's funds can be put to good use.

As for Lin Yi, he stayed in the United States. The operation of Paradise Games is already on the right track, even if he 'works and studies', he should be able to do it.

It's just that Ferran will have a hard time, just returned from Delaware, and has to fly to the far side of the earth. In order to apologize, Lin Yi personally went to the airport to see off the inspection team.

Sadly, Jenny is busy writing a new book. It seems impossible to continue to fly with wings!

Lin Yi could only say sorry silently in his heart, and then accompanied the two beauties in the family to run to the beautiful bay together!