Chapter 113: Winning the Championship

After passing the first hurdle in a high-profile manner, Duke's confidence was greatly boosted, and the negative emotions that had some stage fright in the company were also swept away. After staying on stage for a long time, facing the audience and the judges on stage is now much less stressed.

Due to the high number of votes in the first round, after the second round of expert defense, a judge from a venture capital firm took the lead in asking the Duke team: "I just listened to your review, we see that your brainwave product is really good, and the market response is also very enthusiastic, what I want to know is what is the core competitiveness of your product?" What is the future market positioning? ”

The judge from the venture capital firm was obviously very interested in MI and began to use this rare opportunity to do some research work on MI, which happened to be a public and private inquiry.

"Our core competitiveness comes from the latest achievements of Dr. Duke and Dr. Clement in brainwave research, and MI's original active brainwave recognition technology can very accurately establish a correspondence between commands and brainwaves, so this technology has unique advantages in entertainment, learning, medical and other aspects." Shu Ya replied that this link was determined to be led by her in advance.

"According to our company's long-term plan, we will first expand in the entertainment industry, focusing on games, our brainwave telekinesis control helmet, not only applied to the games developed by MI company, but also can be applied to most of today's games, the next step we will develop the game control interface of brainwave telekinesis, so that the brainwave telekinesis helmet can control the game operation developed by other companies."

"On this basis, MI will further explore new markets such as learning and medical care, and provide communication and operational tools for special groups with mobility disabilities."

The judges nodded frequently when they heard Shuya's strategic development direction, which was not mentioned in the business plan, so it seems that the previous valuation of MI was obviously too narrow. In the past, I thought that MI's brainwave products were just a simple and alternative game suite, so they were valued by analogy according to PSP or XBOX.

Now MI company's products can provide control interfaces for other games, and the game market alone has expanded a lot, if the MI company's market was a small pond before, now at least in terms of games is a big river, and the market space has skyrocketed from a market segment of hundreds of millions of dollars to a large market of tens of billions of dollars.

The magnitude of this change is really eye-catching for venture capitalists. What's more, this product can also cut into the learning and medical markets, and the imagination space left by these two markets is also very huge.

After listening to Shu Ya's brief answer, the judge representative of the venture capital company was silent on his face. I have nodded my head in my heart for this project.

This project definitely has a lot of potential, but there is one more question, the management team of this company does not know what the capabilities are?

Thinking of this, the judge couldn't help but ask again: "Can you introduce the management team of MI company?" ”

"Okay." Shu Ya calmly introduced the various members of the MI company's management team, although this team has been established for a short time, and it is a little too young in terms of experience, but it is not without foundation.

Everyone in the existing management team is from the top universities in the United States, and it seems that the qualifications of each member are also very powerful.

Clement, the vice president from Stanford, has also run a company independently for several years, and his management experience and technical background are quite handy.

Selena not only holds an MBA from Harvard, but also worked in finance for a long time in a large company before coming to Harvard, has advanced international accounting qualifications, is very familiar with corporate finance, and is competent to serve as the company's financial director.

As for Susanna, the head of publicity, a top student from MIT and now an anchor for MIT campus TV, her major and past experience are considered to be the right for media publicity and promotion.

Although Duke is a young CTO, he has now applied for a number of international core patents for inventions, and has initiated the establishment of two companies, SAL and MI, which are now developing very rapidly. Both companies are known for their unique technological strengths, and SAL is undoubtedly the most advanced in speech recognition technology available today.

The current MI company is obviously the top level in the industry in terms of artificial intelligence and brainwave pattern recognition, and absolutely no one in the judges here can find a second brainwave telekinetic product company that can be compared with MI.

A number of Duke's professional papers have been published in authoritative journals, among which the speech recognition technology paper has caused a great reaction in the industry, according to Bohr, who is eligible for the Turing Award, Duke has entered the shortlist for next year's Turing Award with this breakthrough in speech recognition.

Therefore, for Duke, the soul of MI company, Shuya focused on recommending it.

"As for myself, Selena and I are both MBAs from Harvard University, and we are still roommates, which is one of the important factors why we can get together." Shu Ya briefly introduced herself, it can be said that her resume is the weakest among these people, so she simply brushed herself aside, not only showing humility, but also skillfully covering up this weakness.

"Is Dr. Duke also the CTO of SAL?" The representative of the VC jury couldn't help but ask with some surprise. Now SAL company's Sala voice input method launched the English version, the popularity of the European and American input method market is very fast, since the number of downloads exceeded 100 million in June, the entire market began to grow explosively, and has exceeded 500 million downloads in September.

No VC firm that thinks it is qualified to step in will sit idly by, and almost all of the larger VC firms have begun to seize the time to conduct in-depth research on this young Chinese company. I hope to get a piece of the pie in the future A round of venture capital.

Hardly any VC firm now invests in SAL alone. Because the valuation of SAL is so high, the amount of money invested by venture capitalists is now quite huge.

Optimistic venture capital firms have already seen SAL as the most promising company since Facebook, and the valuation of Series A venture capital has given a staggering offer of $10 billion. With such a high valuation, the Series A investment will be calculated in billions of dollars, which is not something that a single company can eat alone, and everyone needs to form a joint investment team to invest.

Of course, these are just the plans of the venture capitalists, SAL companies with abundant cash flow, under the leadership of Cai Siqiang, are now on the fast track of development, although Cai Siqiang is very cooperative with the research of venture capitalists, but when it comes to investment, he always politely declines.

The $10 billion valuation did not stun the growing CEO.

So, the venture capital representative was quite surprised when he heard that Duke was also the CTO of SAL.

Although the list of MI team members is briefly introduced in the business plan, how could these venture capital judges think that SAL, the CTO with such a strong limelight, would actually start a new business in the United States, even if some people see that the CTO name of MI is the same as the CTO of SAL company, they just think that it is just the same name.

After all, venture capitalists were not very optimistic about the MI company's project before, which can be clearly seen from the market score of only more than 80 points.

But with Duke, a legendary genius, MI is impressive for that alone.

"Yes." Shu Ya replied with a smile. Seeing that these judges finally began to make some commotion, Shu Ya was reassured that Duke had become the bombshell that won this round.

"Thanks, I don't have a problem." The judges of the venture capital company nodded to Shu Ya very graciously. In the competition, this attitude is quite friendly, because for him, the angelically beautiful CEO in front of him will soon be the God of Wealth that he needs to strive for. Therefore, the VC firm's judges did not come to their senses as judges, but looked beyond the competition.

Perhaps in his opinion, MI doesn't really attach much importance to this competition, after all, MI now has a top talent like Duke, which is worth billions of dollars, and whether this competition is successful or unsuccessful, it is harmless for MI company.

Representatives of the three venture capital firms accounted for almost half of the judges of the competition, and they had no questions, and the remaining experts and professors made regular inquiries about the marketing and financial issues in the business plan from an academic point of view.

The marketing plan is the web2.0 marketing developed by Suzanne under the leadership of Susanna, which theoretically belongs to one of the hot spots of marketing research now, and it is rare that MI company has launched a very successful web2.0 marketing practice through the charity activities of paralyzed children.

Therefore, Shu Ya's coherent answer to the marketing question of this MI company was like showing everyone a successful marketing case, which made this professor from a famous business school in the United States very much appreciated. "Very good planning," the professor concluded, "I hope you can put it together as a marketing case, which I think should become a classic case in marketing teaching." Perhaps I will use this case in my teaching in the future. ”

The judges' preference for MI made it easy for MI to pass the second round.

The third round of the competition was even more of a piece of cake for Shu Ya and Susanna, who often participate in debate competitions. So, when Duke stood on the podium with a million-dollar check, he didn't feel much in his heart, and today's game seemed to be a stage for Shuya and Suzanne to show their charm.

And Duke was just a silent green leaf all along. However, although Duke didn't say a word, he just sat there and was already the key to victory. After today's live broadcast of the game, it is estimated that few people in the IT industry in the United States do not know about Duke, a new talent.

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