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"The brightness of the LED lights far exceeds that of CRT displays, so that our TVs will be able to get better display results and higher contrast. To read the latest chapters, please lock in Aishang Novel Network biquge.infobiquge.info##Biquge www.biquge.net must go to read novels##同时,CRT TV needs to be interlaced to be able to display the image,Even if it is Apple's dazzling TV,And such interlacing,It will greatly reduce the visual experience,So it is inevitable that this kind of TV will be eliminated——"

Jing Shen paused, then glanced at the colleagues.

It was a secret internal meeting.

"And the screen made of LED lights is thinner, lighter, and more energy-efficient than CRT TVs, which are very good advantages."

Everyone nodded, indeed, such a product is almost too good to be overstated.

"Our goal should be to develop LED light screens before Apple, which is the most important thing for us."

Akio Morita added.

"If we Japanese companies want to enter the United States, it is not enough to rely on price, but also technology and technological content."

And Ibuka nodded, and then looked at Akio Morita who worked with him to fight for Sony.

Again, the company was looking at progressive scan televisions, but now, the company's strategy is changing.

They want to develop LED TVs directly.

Izuka is full of confidence in this.

"We at Sony are about to lead the world, and we are about to change the world!"

Ibuka excitedly expressed his thoughts on the future.

His voice trembled a little.

"Bang Bang Bang-"

Here was a round of applause.

Catherine's side, she didn't know what the Japanese manufacturers were paying attention to.

CRT TVs are a long-standing trend, and this is not going to change, and it is difficult for FED screens to be very large - at least not in the next 20 years, so Apple's current strategy is to focus on the development of progressive TVs, and after the advent of progressive TVs, it began to turn to research ultra-thin CRTs - although ultra-thin, but it is only relative, in fact, it is still a little thick.

After the advent of ultra-thin CRT, the potential of CRT TVs and monitors is basically exhausted, and the next step should be to develop new products.

The process from line-by-line to ultra-thin will also take at least 10 years, and by the time ultra-thin CRTs are phased out, it will be more than 20 years later.

At this time, FED and SED screen TVs can just fill the gap in the market.

The plan is so good. For now, though, there is still a place for a small-screen FED screen.

That's the Pip-Boy and the handheld.

And the development of these two devices involves Catherine's constant headache, that is, the power supply.

Lithium-ion batteries are the established strategy, and it's true that nickel-cadmium batteries are the alternative.

The development of batteries, naturally, cannot be done by themselves, Catherine has no knowledge of this at all, and can only say that there is some common sense. And the company has no technical accumulation in this area at all. &&&Latest Chapter Baidu Search:Biquge&&&

So, Catherine couldn't help at all in this regard.

In that case, Catherine decided to let the company make a cameo in the venture capital.

-- The strategy of casting a wide net and catching more fish.

The origins of venture capital can be traced back to the late 19th century, when a number of private banks in the United States invested in emerging industries such as steel, oil and railways, resulting in high returns.

In 1946, Harvard University professor George . Dowett and a group of entrepreneurs in New England established the first venture capital company with modern significance, the American Research and Development Corporation, which pioneered the modern venture capital industry.

But for now, there aren't too many pure venture capital firms, and in this market, it's Rockefeller -- to be precise, Lawrence. Rockefeller -- was waving money there.

Catherine asked Elsa to find the information of various energy companies that had been registered in the United States, and then began to sift through them.

Catherine didn't know much about the battery industry, so she had to choose this approach. After all, if you want to quickly enter the battery industry, you can only choose to invest in other companies, and then use this to "catalyze" the entire industrial chain.

Now the more popular are lead-acid batteries and dry batteries, so Catherine first excluded a number of companies that use these two batteries as research and sales objects.

Catherine then excludes the larger companies and pays special attention to the smaller and more dynamic ones.

Starting a business in the United States is a common thing, and it is a country where capital is controlled.

In the end, Catherine picked and found 10 companies in the United States that seemed to have great potential, and they were mainly researching new energy and new energy storage equipment, although they were only small companies, but Catherine was optimistic about their future.

But the company is not a specialized venture capital institution after all, and after thinking about it, Catherine brought Soros over.

"Miss Edson - you said you were going to set up a venture capital firm?"

Soros looked at Catherine strangely.

Because the company has a lot of money, Soros is now thriving.

However, Soros did not expect that Catherine would make such a request at this time.

"Yes, VC, I'm going to put up at least $20 million as a starting capital. And, I also want to ask the Quantum Fund to help manage the company. ”

Catherine said.

"Why would you want to set up such a company?"

Soros doesn't know much about it.

"Yes, I want this company to be a tool in the hands of the ARK Group, we are not a company that can do everything, but in this country, there are many people who can help us. In the United States, the last thing we lack is creativity and innovation. All I have to do is to make this creativity and innovation innovative and use it for me. ”

Soros seems to understand: "In fact, what you need is not just a simple venture capital company, but a prop that can realize your will?" ”

"Hmm."

"Then, your venture capital firm, the main venture capital target, is to target the needs of the ARK Group, and then determine the direction of the investment."

Catherine continued to nod: "In fact, if the other party comes to the door, if the future of this business is good, it is a good idea to choose investment. &&&Latest Chapter Baidu Search: Biqu Ge&&"

Soros pondered for a while: "In this case, I probably understand that this venture capital company will be different from these current companies, but a new model?" ”

Catherine said, "Yes, that's right! The main thing I look for is the products and the results of these companies, which are what I want, not just money. Moreover, even if it is a loss, it doesn't matter, and I don't plan on making this company profitable anyway. ”

However, Soros seems to be aware of another problem: "The operation of venture capital includes four stages: financing, investment, management, and exit. Venture capital institutions mainly exit the invested start-up enterprises through three ways: IPO, equity transfer and bankruptcy liquidation, so as to realize investment returns. Once the exit is complete, the venture capital institution also needs to distribute the investment proceeds to the investors who provided the risk capital. If our investment approach is different from that of other companies, how should our company make money? It's not just a matter of losing money. Profit is an important guarantee for an enterprise to survive. If, from the very beginning, we don't have any means of making a profit - can such a company really be favored? ”

An IPO is an initial public offering, which is the first listing.

Profitable IPOs are also something that many venture companies like to do.

However, if Catherine changes to a new investment method, this profit model will disappear, which is very detrimental to the company.

Catherine was asked by Soros and immediately realized the problem, and she immediately thought of a compromise: "In this way, let's use the ordinary venture capital method." However, we also need to make it different from the ordinary venture capital method, but a unique investment method suitable for ARK. How about we can inject capital into the start-up companies to get their equity, and then we can sign the contract and ask the company to have the priority to buy the other party's patent? ”

"But would anyone sign such an unequal contract?"

Catherine was once again stumped by Soros's questioning.

"I think the positioning of this newly established company should be to pave the way for those who are new to the business world. Our company needs a good name and good enough profitability. It's not just about making money, a company that only thinks about making money can't develop anyway. ”

These words came out of Soros's mouth.

But - how did Catherine listen to Soros say this - how could there be a feeling that something was wrong?

Well, very subtle.

It was at this time that Catherine had another idea: "Our company established a venture capital company, not to make a profit, but only to strengthen the company's grand strategy. So, it's doomed that we can't be like the average venture capital firm. But for the sake of the company itself, we also need to make a profit—"

And another point is that after the 70s, all kinds of large and small venture capital companies will continue to appear, and if you want to stand out in this cutthroat competition, you must develop.

"Well, what do you do?"

Catherine was in a tangle.

There are two types of venture capital, one is a simple venture capitalist - the enterprise that receives venture capital is a venture enterprise, and the person who organizes the raising and management of venture capital, seeks and selects investment projects, invests, supervises, and supports venture enterprises is called a venture capitalist.

On the other hand, it is a special venture fund (or venture capital), which effectively invests the funds under its control into high-tech enterprises with profit potential, and obtains capital returns through the latter.

All Catherine has to do now is to establish the latter model.

However, although venture capital is a kind of equity investment, the purpose of investment is not to obtain the ownership of the enterprise, not to hold, not to operate the enterprise, but to invest and provide value-added services to make the investment enterprise bigger.

This is not in line with Catherine's purpose.

What else can be done?

Merger? Acquisition?

That may work, but who knows what kind of company the company will be?

Catherine wasn't ready to go into other industries yet, and she didn't want to make enemies for it.

That's where venture capital comes in.

"It doesn't have to be a venture capital company, it's just a company with some ideas and concepts of venture capital, so wouldn't it be much better?"

It was Elsa who spoke.

That's right! That's it!

"Oh ~ Elsa, you are so amazing ~"

If it weren't for Soros's presence, Catherine would have wanted to hug her.

From the very beginning, Catherine walked into the misconception that she had to set up a venture capital company.

But is it really necessary?

The answer is no.

It was because of Elsa's words that Catherine immediately jumped out of that circle.

"Yes, we don't have to be just a VC firm, we just need a VC idea!"

Hearing Catherine's words, Soros nodded thoughtfully: "If you start from this aspect, it seems to be much easier to make a plan-"

"Hmm--in that case, we don't need to call it venture capital, what about start-up funds?" Catherine immediately elaborated on her thoughts: "We don't have to look at a specific company, but just invest in a product, and not necessarily a business, even if it's an individual, we can apply for a batch of funding from us - well, we can even send people to help them build and expand the company?" ”

The latter idea is a bit whimsical, but the previous idea happens to be to the point.

"It seems like it works, but there are some questions – what if the product doesn't make a breakthrough for a long time? What if the input-output ratio is too different? What if the other party is a scammer? ”

Soros is worthy of being a future financial giant and a famous venture capitalist, he immediately found the drawbacks, what to do with the three, and suddenly Catherine was speechless.

After a moment of silence, Soros came up with a solution: "Maybe it can be like this - we can cultivate our business by coexisting in the form of guò investment company stocks and products." ”

Feel like the Pentagon?

Catherine suddenly had such a delusion.

In this case, the company's positioning should be in the aspect of cultivating companies. In that case, it is time to help a company and establish a close relationship with it—"

Catherine's eyes lit up.

yes, why do you have to follow the example of venture capitalists and sell stocks? Isn't such an enterprise also very beneficial to its own development?

"With the exception of some companies that are helpful to ARK, we invest mainly in venture companies that are committed to solving major social issues, such as environmental protection, energy, and so on."

"Eco-friendly?"

Catherine didn't expect anyone to think of the term now.

"Yes, I recently watched "Silent Spring", and I think corporate people should have a certain social responsibility and morality——"

Indeed, Soros did not care about money after retirement, but only devoted himself to charity.

But then again, why are successful people always keen to do charity?

And unlike those so-called "charitable funds" that are trying to evade inheritance tax, the other party really did it with his sleeves pulled.

"What's the name of the company?"

Quantum Ventures?

Can't you?

Catherine felt that it would be better for the company not to have anything to do with Quantum, even if Soros himself was in charge, but Catherine always felt that if there was some kind of connection to the Quantum Fund, it might stink - well.

In the end, "Angel Venture Capital Fund Co., Ltd." was established in such a gorgeous manner, although it is somewhat nondescript, but it should also be regarded as half a venture capital company.

Catherine took out $30 million as the starting capital.

Catherine owns 60% of the company, while Quantum Fund owns 40%.

For Catherine, a venture capital firm is a tool, not a business, so the company is temporarily managed by the Quantum Fund.

Catherine's company can't be a big deal.

Although group companies such as General Motors are mostly involved in several, or even more than a dozen industries, Catherine's company background is not enough, in Catherine's view, without ten years of accumulation, their own company can only develop in the electronics industry, at most it is just from this industry slowly looking outward.

In this way, cooperation becomes very important, and it is also a good choice to use venture capital to develop some small businesses.

What's more, it's good for you - fame!

A good reputation, that's very important.

Catherine's Angel Clothing Design Company has a good reputation, and this is also an idea that originated from Catherine's experience of life.

So far, the only one that Angel Clothing Design Company has has a kind of clothing that is almost unprofitable, and that is clothing for those with disabilities. And Homan seems to be very keen on philanthropy, so by now, the reputation of Angel Clothing Design Company has come out.

It's just that although this company can currently bring Catherine hundreds of thousands of dollars in revenue, it is really not enough for her own ARK group.

On the other hand, angel investment has also been officially registered, and the CEO is Soros.

Then, the company immediately approached the ten small businesses that Catherine had originally set her eye on, and then began the company's first investment.

(To be continued)

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