014 Venture Capital Goodbye
Chen Wenhao stood at the door and said hello, walked quickly to the rostrum, he did not sit down, but stood and said, "Thank you very much for so many industry elites to come today, before I introduce the company, in order to avoid being sentimental, I want to ask one more question: are you optimistic about the product of Xiaoka Intelligent Translation, and want to talk about investment with the company?" ”
The audience did not show too much surprise because of his directness, venture capital people have to contact all kinds of entrepreneurs every day, the essence of venture capital is to a large extent the investment and entrepreneurship people, to judge the personality of entrepreneurs as soon as possible in the investigation and negotiation. Pen × fun × Pavilion www. biquge。 info
In the venture capital industry, one of the more common points is that according to the type of startup industry, the personality and ability of entrepreneurs are also different.
For example, if a startup is doing social networking, it may require the entrepreneur to have a good grasp of the product's feelings and preferences for the target group; If it is an O2O (Online Online Store Offline Consumption) business, if you want to lead an offline team, you need entrepreneurs to be particularly "fierce" and have offline development capabilities; The professional and technical ones require the entrepreneur's focus and dedication to technology, and even a certain degree of "madness". Like Chen Wenhao's approach, there are not too many greetings, direct and efficient, which is more in line with his character as a computer software expert.
Chen Wenhao looked around the venue and found that no one in the audience raised objections, but many people smiled and nodded between looking at him. He waited for a few seconds, then said, "Since there are no objections, let's get straight to the point." I'm sure you all know more or less about the situation of the company, but I think the latest data I'm going to talk about next is not known to many people. ”
Everyone in the audience cheered up when they heard this, and looked at Chen Wenhao on the stage, after all, the company's products became popular too quickly, and the market data collection was not very perfect. More importantly, I don't know much about Chen Wenhao, and his professional resume is not difficult to obtain: he has been in the Internet industry for more than 10 years, he was born in a technical position, and he has transformed into a management position in recent years.
In view of his dazzling performance today, everyone speculates that he should be a typical example of sharpening a sword for ten years, and if he doesn't make a sound, he has become a blockbuster. But after all, there is too little information, and now being able to listen to him introduce the latest situation on the spot is an excellent way to understand himself and his company, and the people present can't help but care.
"Regarding the latest developments in the company's products, I will only present a few statistics:
First, just one hour ago, the number of users of Xiaoka's intelligent translation software officially exceeded 13 million, and it is growing with a trend of adding 2 million new users every day; Second, also one hour ago, the latest number of paying subscribers was 1.2 million; Third, 50% of users who choose to pay when the free trial expires, and this proportion is trending higher. ”
Chen Wenhao still didn't sit down, he stood on the stage casually, throwing out three sets of data, but it caused a commotion among everyone in the audience.
Seeing that everyone in the audience was discussing in a low voice with the colleagues around him, Chen Wenhao showed a smile on the corner of his mouth, as soon as these three sets of data were released, I don't believe you are greedy. Although venture capital funding is not in his immediate plans for the sake of secrecy, to help Xiaoka accomplish its ultimate mission, it is necessary to expand the company's visibility and enhance the company's strength as soon as possible.
After all, it is too difficult to sail between the Earth and the Moon on your own, and eventually repair the research ship, and many later projects will need to cooperate with other companies, and any help that will not cause leaks is worth fighting. And is there a more effective way to increase popularity than to shake these bigwigs in the capital world?
After a short discussion, the venue quieted down, but the eyes of everyone present looked at Chen Wenhao a little hotter. A man who was still meticulous in his shirt and tie this summer raised his hand, "Hello, Mr. Chen." I'm Andy of Sequoia China, thank you for the latest data, I have to say, reality is always more incredible than imagination. Can you tell us about this amazing software that you have developed? ”
Chen Wenhao had been prepared for this, he took out a document from his pocket, this is the software technical manual he asked Xiaoka to sort out on the weekend, he printed it out and planned to hand it over to Jin Wei today to apply for scientific and technological innovation enterprises, but now it is just in handy.
The software manual is not long, mainly from the aspects of translation quality, translation efficiency, application direction, etc., compared with several mainstream software on the market, and naturally left them far away from all aspects. Chen Wenhao picked one of the main points and told everyone.
However, everyone is obviously still unsatisfied, there are enough people who raised their hands this time, and the representative from Goldman Sachs China spoke, hoping that Chen Wenhao can introduce the operating mechanism of the software. This is also what everyone here is concerned about, like the previous advantage comparison document, any of them can find someone in any organization to make it at any time. The others didn't raise their hands anymore, and they all looked at Chen Wenhao on the stage.
Chen Wenhao smiled, put away the document in his hand before speaking, "I know what everyone wants to hear, but this already involves the core secrets of the software, I can only reveal two points: one is that the mechanism of the small card translation software is completely different from the mainstream method, which can be understood as a core artificial intelligence that can learn itself; Second, the software shell encryption uses a newly developed high-level random key, which is much more secure than the current mainstream encryption mechanism, and the possibility of being cracked is extremely low. ”
There was another commotion in the audience, although the words were not long, but the amount of information was very large. Translation software is a gold mine in its own right, but the encryption mechanism used is also big business. Don't think that venture capital companies are all engaged in finance, in fact, the highest proportion of positions in major venture capital companies is computer programmers. In the past few days, the technical experts of major companies can be regarded as having a lot of brains, but they are still helpless against the encryption of small card translation software.
Chen Wenhao's eyes swept and found that some company representatives couldn't sit still and began to surround him. He stretched out his hand to signal that he still had something to say, "I believe everyone is very busy, so I said directly, the company's current profitability is acceptable, and it is more than enough to support the next development plan, so I will not consider introducing foreign funds for the time being." However, we will keep the contact information of each company, and we will give priority to it when there is a need for financing. ”
At this time, Jin Wei, Fang Yuxin and two newly recruited business developers all rushed over. Chen Wenhao happened to take Jin Wei to introduce him to the visiting guests, whether it was cooperation or not, it was necessary to establish contacts in the industry. Representatives of many venture capital companies are not willing to give up, but they are limited to too many eyes and ears on the scene to talk deeply, so they can only exchange business cards with Chen Wenhao first to get acquainted with each other, and then find an opportunity to talk in detail.
Fang Yuxin had already booked a private room in the hotel before, and when she saw that there was a temporary pause here, she smiled and came over to invite the guests who came to visit today to eat. During the meal, many people still wanted to test Chen Wenhao's true thoughts, until they saw him resolutely say several times that they would not accept capital injections for the time being, so they stopped the temptation.
Wu Ruitian of Tencent's investment department was keenly aware that although the creator of this upstart software resolutely said that he would not accept capital injection and mergers and acquisitions at present, he did not say that he did not need cooperation, and even expressed his desire for cooperation in and out of words. He looked at Chen Wenhao, who was talking to the representative of Goldman Sachs, and his mind was running at high speed, thinking about what kind of cooperation conditions should be necessary to impress the other party.
After the banquet, everyone's mind was not on the meal, but on all kinds of conversations and temptations. Representatives of several companies took turns to communicate, and it can be seen that the way to invest in the infinite future company is not going to work, and the next step is to rely on water grinding efforts, keep in close contact with this side, and then look for opportunities to enter according to its business development. Everyone is not an idler, since this is the case, they will leave one by one.
"I never dared to imagine that the main force of the domestic venture capital industry would be rejected in one go." Seeing off the last group of guests, Jin Wei stood beside Chen Wenhao and hesitated for a while before saying this.
Chen Wenhao heard a trace of regret and worry in his words, and patted Jin Wei on the shoulder, "It's better to control the company's development direction by yourself." And don't think of VCs too noblely, as long as there are enough benefits, you turn them down 100 times, and there will be a 101st time. Now, we're just getting started. ”