Chapter 10 Financing in Hong Kong

There is no obstacle to USB flash drive technology, and MP3 players, which are much more technically difficult than USB flash drives, Koreans applied for relevant patents in 97 years. Pen % fun % Pavilion www.biquge.info

MP3 players have storage functions, and the technology is also realized using USB interfaces.

In Chen Fanmeng, the USB flash drive is a patent applied by Lucent in China in 99.

At that time, the USB interface had been accepted by more people, and at the same time, more people wanted to study the USB flash drive technology, and then Lucent fought several years of lawsuits before finally determining the patent ownership of the USB flash drive.

As a reborn person, Chen Fan did not pay as much attention to patent applications as people in China now, and the umbrella computer technology company hurriedly recruited a few people, and before the research started, he started to apply for patents first.

As for the production of USB flash drives, umbrella computer companies don't have so much money to invest in production lines, so let's sell computers honestly first.

After the holiday, Chen Fan has been busy with the company's affairs, during this time the Guardian Company has been adjusted, two new companies have been established, and new businesses have been carried out, one after another.

After the establishment of the two new companies, Chen Fan was even more busy.

He recommended Zhang Lei as the chief technology officer of Deepin Technology Company, responsible for building the technical aspects of Deepin Web, and Dai Lidu as the editor-in-chief, responsible for website content management.

Deepnet technology companies are saying that the portal is very quick for programmers to get started no matter what.

Umbrella technology company is completely from scratch, hardware and software completely belong to two fields, although the company's general manager Song Zhenlin is the technical backbone of the electronics factory, but let him be responsible for the development of the U disk for a while and a half will not be able to take over at all.

Fortunately, it is not necessary to complete the research to apply for a patent, as long as the idea is presented and the feasibility of the idea is proven, the patent application work can begin.

"The product has not been moved, the patent goes first" is the experience that many companies have learned from the blood lesson later.

In any case, the research can be done slowly, and the patent applications in the major countries can be done first.

By August 3, 1998, the deepin portal was successfully launched.

It's rudimentary, ugly, and very little content, but it's a portal.

Click on the website, and at the top is the email application and login button.

The second row of navigation buttons are: News, Entertainment, Sports, Finance, Technology.

Below is the main page, which is ten important news and twenty or thirty recommended news.

Then there is no more, and then the following is the website filing information and contact information.

Chen Fan was very ashamed to make such a simple website, where even the news was full of text links and no pictures, and then called such a website a "portal".

On the one hand, it is because of the limitation of today's network speed, the backbone network in 98 is only more than 100 megabytes of bandwidth, if it is made into the kind of large web page that can be read by scrolling for half a day with more pictures and content, many areas with poor network speed may open a web page for half an hour.

On the other hand, it is also because the newly established deep company really does not have so many people.

The website was made like this because Chen Fan's request was too urgent.

It doesn't matter how bad the website is, there will be time to modify it slowly in the future, and now Chen Fan wants to use this website to raise money.

Chen Fan's initial plan was to make a portal to get listed on the NASDAQ, but the first step was to find venture capitalists to invest.

It costs money to make a website, and the improvement of popularity needs to burn money, the accumulation of company users needs to burn money, the competition for market share needs to burn money, the construction of the company's technology platform, and the specific implementation of the company's overall layout...... In many aspects, a start-up website must have a zero-income stage, and the key lies in the length of this stage.

Of course, the model designed by Chen Fan at the beginning of his business is very reasonable, and the products of the guardian company are making money while making publicity for the website.

If you save a little money, you can also develop by tightening your belt.

But bringing in venture capitalists isn't just about the money.

In addition to getting the listing approval, you also need to find market makers and underwriters, you need to conduct a roadshow, and in order to get the approval, you also need to meet the listing conditions, such as scale, profit, corporate governance structure, etc.

To go public, you need to have a good channel, Chen Fan does not have such a channel, and a good venture capitalist can provide such a channel.

Moreover, Chen Fan hopes that it is best to complete the preparations for the listing before May '99, and not more than July at the latest.

It was listed before July 99, and it could be issued once in January 2000.

And in July 99, there was a competitor that would log on the NASDAQ, which was the "China Net" with an official background.

Chen Fan has regarded China.com as the biggest competitor, not only because it is difficult for the same market to digest two IPOs with the same theme at the same time in a short period of time, but also because after the listing of China.com, China has temporarily closed the channels for Internet companies to list abroad, and the second foreign-listed Sina.com did not land on the NASDAQ until April 2000 after reorganizing its corporate structure, when the Internet technology bubble had burst, and Sina.com was almost "vomiting blood and going public".

Therefore, it is best to list on the NASDAQ before the China Network, and it is best to do so two months in advance, while avoiding competition, try to reduce the number of politicians. and leave plenty of time for the second round of funding.

In order to achieve listing in May 1999, then at the end of 1998, it was necessary to apply for listing and start the IPO roadshow, and the time was already very short.

Due to the shortage of senior technical personnel, the research progress of the USB flash drive is still very slow, but the relevant patent application can be started.

Domestic patents can be applied for directly, but international patents need to be carried out by a Hong Kong agency.

In 98, there were no good patent lawyers in China, so Chen Fan planned to simply go to Hong Kong and ask a patent lawyer to write a patent copy and apply for a patent.

On August 5, Guardian Technology Co., Ltd., Deep Network Technology Co., Ltd., and Umbrella Computer Technology Co., Ltd. organized personnel to go to Hong Kong together, and a group of more than 20 people.

This group of people is divided into three groups, one group is the person responsible for the financing affairs of the deep network, including Chen Fan, Liu Wenhuan, Zhang Lei, Dai Lidu and others, and the other group is responsible for handling the patent affairs of the USB flash drive, including Chen Fan and several other technical personnel who participated in the research of the USB flash drive.

There is also a group of Chen Fan and Yang Yun, including Chen Fan's parents, Yang Yun's parents and Yang Yun.

This group of people is purely for tourism.