As a mage, I just want to pursue the truth

Chapter 318 New Opportunities
The shareholder representatives present here quickly realized that the profits from patent licensing will not belong to either of the two companies that Kechuang will spin off in the future.

This part of the profits will be kept in Kechuang Bio.

A very important part of the profit source of Kechuangbio is patent licensing, not only the patent licensing of brain-computer connection technology, but also the patent licensing of endorphins.

Together, these two pieces contributed more than 80.00% of Kechuang Bio's revenue and profits.

In the era of globalization, there are many companies that rely on patents for food.

In the era of the mobile Internet, the more famous company that takes this route is Qualcomm.

Qualcomm is a chip design company, somewhat similar to HiSilicon Kirin. Most of Qualcomm's chips are manufactured by TSMC and Samsung.

In the years before the smartphone war, domestic mobile phone manufacturers were proud of obtaining the latest Qualcomm chips.

Rice's annual flagship phone conference will emphasize that the new flagship phone is equipped with the latest Qualcomm chips.

Later, due to excess performance, people gradually paid less attention to chips, and the economic downturn was superimposed. Most people changed their phones less and less frequently, and the heyday of smartphones also passed.

Even so, Qualcomm received 15 billion in patent licensing fees in a single quarter, and the unit is meter yuan.

Of course, as a monopoly enterprise with brain-computer connection technology in hand, Kechuangbio has more revenue from mobile phone patent licensing than Qualcomm.

After all, Apple does not use Qualcomm's chips, but uses the brain-computer connection technology of Kechuang Bio.

Even under the brain-computer connection VR, the main chips used are still designed by Zhang Gong.

"You agree to split the future of science and technology innovation."

Almost all the shareholder representatives present here agreed to split the future of Kechuang.

Everyone is aware that a new era of VR is coming.

Brain-computer connection patents are licensed to other consumer electronics companies, which will greatly increase the penetration rate of VR.

There is no limit to the cost that can be invested in the promotion and marketing of a company that relies solely on science and technology innovation.

And if the giants in the consumer electronics field retreat into the field one after another, consumers will be surrounded by VR marketing.

That's the power of trends.

Relying on one company alone, no matter how weak the technology is, it is difficult to achieve a similar trend.

Taking smartphones as an example, the annual shipment of smartphones worldwide is 13 billion units, and one mobile phone will be phased out every seven years on average, which means that the global mobile phone inventory is 65 billion.

Bluestar has 79 billion people, and there are 65 billion smartphones in abundance, which means that there are 82 mobile phones out of [-] people.

And the number of brain-computer connected VR is [-] million, and the number of people out of [-] is just two.

Without consumer electronics giants and the exit of various new forces, brain-computer connected VR will soon usher in explosive growth.

The shareholders here are all Internet giants, and Xiaojia is happy to see the results.

I am worried about whether there is a new profit growth point.

Brain-computer connection VR will soon usher in a new round of explosion.

Before that meeting started, the relevant news was very slow, and those who should know the news knew it.

Top Internet companies and top investment banks and brokerages, everyone knows that Kechuang Future has decided to open the technology authorization of brain-computer connection VR to Li.

Zheng Li reported that to Pony before starting the meeting.

Pony was slow to realize that it was both an opportunity and a challenge before he finished listening:
"As for the share redistribution plan, he is solely responsible for that."

Zhang Gong nodded and said: "Okay, you want to ask, among the two newly established companies, do you prefer a hardware company or a VR system company?"

Pony asked back: "You want to hear his opinion first.

After all, it was the meeting he went to.

What do you think other shareholders mean at the meeting? "

Zheng Li said with a smile: "VR is good for that, it has a way to observe other people's micro-expressions and eyes.

However, you estimate that everyone should be inclined to hope to take less shares in the system company.

After all, VR systems are a monopoly business.

Even if Kechuangbio authorizes the patented technology of brain-computer connection, all companies that want to enter this field must use the VR system of Kechuangfuture. "

In fact, that kind of pointless involves monopoly.

However, the future of science and technology innovation is a chicken thief. We have never been stuck in brain-computer connection. VR is also VR. There are not so few VR companies in the market, and there are so few VR systems at the same time.

If we create a new term for brain-computer connection VR, it will be punished even worse by the Europa League and American.

Pony said before listening: "The main reason is that hardware companies have patents on brain-computer connection VR technology.

The patent right is still in the hands of Kechuang Biology.

In that case, the potential for brain-computer-connected VR systems is clearly smaller. "

"When re-distributing equity, you also focused on the equity of the VR system company."

Goose Factory can be said to be the first batch of enterprises in China to benefit from monopoly.

Whether it is QQ or WeChat, they have formed a substantial monopoly in the field of communication software.

But there is really a monopoly under the operating system.

Mainly Windows and Android are given opportunities.

After that, Goose Factory also has the strength to do the operating system.

Pony went on to say: "Another important thing is that a new wave of VR is coming.

You didn’t have a very important thing before, which was to find good companies in the VR field to retreat and invest.

In the VR era, form your moat. "

Zhang Gong: "You have never tried to negotiate with Red Fox Studio, now it is Red Fox Entertainment.

We have always been willing to agree.

It feels like we want to follow Mihayou's route.

It is to stop making games, and then continue to invest the profits in the research and development of new games. "

Red Fox is the company that Zhang Gong joined in later. Relying on the start-up capital and game engine provided by Zhang Gong, it became a first-line company in the domestic VR game field.

"The Feather of Breaking the Law" has won unanimous praise at home and abroad.

At the same time, the art style of Cthulhu with our own characteristics is more popular in China.

Pony seemed to remember something: "The founder of Chihu Entertainment seems to be an employee of Goose Factory, right? You remember hearing him say it later."

Zheng Li nodded and said: "There is a mistake, a small part of our initial team members are employees of the Goose Factory."

Pony: "Let's talk again, you can give each other the minimum autonomy."

When Pony was talking about investing in the VR field with Zheng Li, Young was also talking about that matter with Ren Yu.

"Qualcomm is still lacking in courage. It was able to realize the authorization of the brain-computer connection VR technology, and the timing was just right.

I have spent eight years building a brand, and then opened up the higher-level patented technology to the inside, and the rhythm is well grasped. "

Young praised Qualcomm. I have always admired Qualcomm and thought that Qualcomm was one of the most powerful entrepreneurs in Huaguo in those years, and one of them could even be removed.

Ren Yu also has no knowledge of Qualcomm.

However, for domestic investors involved in the field of science and technology, Kechuang Bio is a case of avoiding or opening.

Ren Yu shook his head and said: "That kind of thing should be planned by Qualcomm.

The small probability was discussed by the low-level executives of Kechuang Bio, and Qualcomm only made the final decision. "

"This is also very powerful. What managers need to do is to make decisions." Young explained.

Ren Yu nodded and said: "That's right, you are all busy ahead of you.

After that, you will see the small battle of manufacturers in the field of smartphones, and you will soon see it again.

First, there was a small battle among hardware manufacturers, and then there was a small battle between software manufacturers. "

"What type of business is he going to invest in at that time?" Young asked.

Ren Yu suddenly sighed:

"To put it bluntly, investing in application companies in the VR field is different from investing in mobile Internet.

In essence, all seven are Internet businesses, but they are Internet businesses in the same field.

There are business model dividends and algorithm dividends in the Internet business. He entered the market early, and the cost of developing new customers in that track is almost 0.
The sooner he starts under the new track, the less customers he can develop.

And the algorithm is more powerful than competitors, so it can retain users.

In the end, companies with no business model dividends and algorithm dividends will win all. "

This is exactly the case with Byte. Even for the same track, Byte is still cannibalizing user groups in other segments.

The duration of short videos in the mobile Internet field is twice less than that of online videos and nearly eight times that of online videos.

Today, when small data is popular, small data and algorithms help the elite class "understand" the preferences of each bottom-level individual, "discover" those bottom-level groups themselves have vague needs, and create the most suitable products for us.

Pinshaoshao is the best product in terms of algorithmic dividends, harvested by elites, and paid by the bottom.

Young applauded: "The analysis is correct, so it is very important to choose the right company, and the first-mover advantage is very important, but sometimes the company's own algorithmic dividends can make up for the early-mover disadvantage to a small extent."

"Or to increase the first-mover advantage."

As for investing in all companies in a track, it is also a loss for the Gu King who failed the first to be delisted.

That kind of gameplay is more common in the field of biomedicine, and in the Internet industry, it was almost possible in those few years.

Because when a company retreats to the investment before the C round, at that time, the company chooses the capital, but the capital chooses the company.

Will the business allow its capital to be invested while simultaneously investing in its direct competitors.

For example, Mobike is in a small battle with OFO, and Mobike will definitely accept investors to hedge their bets.

Even in the small battle of mobile travel back then, between Didi and Slow Taxi, the capital behind it could not bet on both sides.

Instead, the capital side is weak and slow to merge with Didi.

Ren Yu asked: "Is he planning to invest in hardware manufacturers in that round?

Like the smartphone wars, Nubia, Meizu, and Hammer emerged.

Will he choose to invest in similar enterprises? "

Young pretended to think: "Yes.

There are business model dividends in hardware, and there are many algorithm dividends that can be enjoyed.

The competition of hardware products is the cost folding ability, the design ability to make functions smooth and easy to use, the channel ability to deliver products to consumers, and the marketing ability to make consumers pay.

It is difficult for a start-up company to possess the following capabilities at the same time.

Later, in the era of mobile Internet, the reason why Xiaojia chose to invest in those mobile phone brands was also because they were new things in the market at that time.

At the same time, the decline of Nokia's mobile phone business and the success of Microsoft made everyone realize that this is a brand new field where no one has a chance.

But that's not the case with VR.

First, let’s talk about companies that have been running for eight years without science and technology creating the future.

In the field of VR alone, it is actually very similar to the mobile Internet, and the supply chain is already very mature.

When the supply chain matures, it's hard for new startups to sit still. "

Ren Yu added: "You think so too.

Now it's like the first half of the new energy car. Those who can get the tickets and return to play are the winners of other tracks. We have no capital to play.

In 16 and 17, the new energy vehicle industry was in the ascendant. Brands such as Dapeng, Weilai, and Ideal had mature supply chain technology, and everyone was losing money, which is very unusual.

Investors can accept losses and are willing to persevere.

Now, the supply chain technology is mature, everyone is profitable, and new start-up companies start from scratch, integrate suppliers and finally push products to consumers.

In the later period, there will definitely be losses, and even if they know that they will lose money for many years, investors are of course willing to invest in such companies.

Even if Xiaomi makes a car, it has lost two years, right? "

Young: "Instead of investing in hardware manufacturers, we should wait for the stock price of Kechuang Biotech to fall before buying some.

Or find a way to intervene in the last round of financing of Kechuang Future. "

Ren Yu said with emotion: "This is too difficult. The future of science and technology innovation is short of money.

And even if we want money, the shareholders behind it can afford that money. "

"Not necessarily," Young explained.

According to the information you have received, the hardware company that will create the future of science and technology is likely to have to withdraw financing.

Because we want to design chips by ourselves, and at the same time put the self-developed chips into the previous generation of Pico Verse, which is a mid-to-high-end product that connects the brain to VR. "

Ren Yu asked: "You remember that it was rumored that Science and Technology Innovation will develop self-developed chips in the future a long time ago."

Young nodded and said, "Yes, it's slow to produce results now.

However, the subsequent design of the chip and manufacturing of the chip is another small fee.

It is estimated that there is still a need for proper financing, which is an opportunity.

Start-up companies are trustworthy, but you can still trust the future of science and technology innovation.

Backed by science-creation biology and holding patent advantages, in the field of brain-computer connection VR, science and innovation will never have a place in the future. "

Whether an enterprise has financing has little to do with whether the enterprise has money or not.

Although Kechuangbiology has no money, it means that Kechuangbio will have reasons to invest funds in its affiliated enterprises.

For example, Apple is always short of money. There are 2000 billion yuan of liquidity lying on the books, but Apple will still raise money there.

For example, in 2022, Apple chose to issue 55 billion yuan of corporate bonds in American's low-rated bond issuance market, with a term as low as 40 years.

Sometimes it is not best to pay for all the money yourself.

Before Zhang Gong heard it, his eyes lit up: "That is indeed an opportunity, it seems that you have to think about how it works.

In addition to the projects you have known in those years, Kechuangfuture can also be ranked first. "

Young nodded and said: "In addition, before other consumer electronics companies enter the field of brain-computer connection VR, a new hot spot will be born.

In the next eight to seven years, the cold spot of investment will be in VR-related companies, and a group of new giants will be born soon.

It is to know whether to seize the opportunity that time. "

(End of this chapter)