I really can't act

Chapter 231 Sequoia Capital ([-])

The event in Beijing is a gathering of DJ investors and building momentum.If a potential company wants to grow into a full body, it will probably go through angel rounds, A rounds, B rounds, C rounds, and D rounds... Among them, angel rounds refer to some early projects, which may have just grown seedlings. Barely have some customer and market data.

This round of investment is also relatively small.

If you have to divide it very carefully, and there is a seed round in front of the angel round, then it is purely based on face recognition. The so-called PPT pull investment refers to this round.

With the expansion of business and market, there will be second and third rounds of investment, also known as the so-called ABC round. The current trend is that the number of rounds is expanding, and the increasing number of investors increases the financial strength of the company on the one hand, and on the other On the one hand, form an alliance of interests and broaden the tentacles of the enterprise... If there is a willingness, all investors don't care about the dilution of equity, and theoretically they can use up the entire alphabet.

In fact, round six or seven is the peak time. At that time, the entry funds need to be based on hundreds of millions or even billions, and the unit is US dollars.

This kind of investment is a geometric increase. Think about a piece of paper. After being folded 42 times, it can reach the moon. If there is a company that has a 42nd round of investment, probably all the wealth since the birth of human civilization cannot meet the financing of the company. Need it.

——A new type of drone made in the laboratory, a small matte black helicopter, so light that an adult can lift it with one hand.

Sensor units such as an inertial measurement unit, a magnetic field meter, and a barometric altimeter are installed on it. In order to demonstrate the effect, a Hasselblad camera is embedded under the helicopter.

"Aceone, this is the latest flight control system we have developed. I want to emphasize that our DJs are in software, and our current core competitiveness is also here. Our flight control system is the world's leading..."

Wang Tao introduced his products to investors. He raised the small helicopter in the air and hovered steadily.Wearing a 23 Burberry next to him, Fang Yi, who ran to the Huabing Manor Golf Course in the capital, picked up the club cooperatively.

Under his feet, a golf ball with a diameter of 42.67 mm and a weight of 46 grams lay there quietly.

A group of people from Sequoia Capital looked at them with interest.

"boom!"

The white ball flew a long distance like an eagle, riding the wind lightly, and rolled a certain distance on the lawn after landing.

The tee off is beautiful and powerful, the only downside is that it's not on the track and it deviates a lot.

Fang Yi lifted the club to himself and smiled.

The investors applauded politely, and praised as if they hadn't noticed, "Good job." All eyes were on Fang Yi.

Wang Tao didn't play golf, so he didn't find anything. He continued to babble, talking about the parameters and performance of the product, and acted as a voice-over at this time. Under the two-phase reflection, if you don't consider the golf ball that is off the ball, it is really pleasing to the eye.

In order to hit enough strength for this shot, Fang Yi practiced for a long time last night.Wang Tao is a man of science and technology, and his technical ability is not to be said, but his appearance is indeed not as good as him.Sequoia Capital's 800 million 20% stake has been negotiated in advance.

However, financing is not a one-off deal.In order to have the second and third rounds of investment, and to whet the appetite of Sequoia Capital, Fang Yi also had to stand up for his side business.

Sequoia Capital is a venture capital fund located in the United States. It has established localization funds in India, the mainland, and the United States—the three most promising places in the world. Since 05, Sequoia Capital began to invest in domestic unicorn companies on a large scale, that is, companies with certain technical strength and technical barriers in subdivided industries, but not well-known companies.

Ah Li, Gou Dong is his favorite work.Of course, Sequoia Capital has also invested in some off-the-shelf companies, and it was misjudged, but venture capital is gambling. No one here cares about the 800 million in front of them. What they want is 80 million, 800 billion, or even [-] billion.

"Show off your machine, we'd love to see it."

Fang Yi greeted the caddy and drove a golf cart.

The person who came to visit them was Zheng Qiudong, a subordinate of Zhou Kui, a fund partner of Sequoia Capital who specializes in industrial technology. It is said that he used to be a headhunter.

There are not many seats in the golf cart, only Fang Yi, Zheng Qiudong and Wang Tao, and the caddy driving in front.Wang Tao subconsciously fiddled with the remote control, obviously a little nervous, touched his arm, Fang Yi knew it was time for him to play.

He said: "This... ACEone was actually made under my suggestion. I make movies. I only have two requirements, good enough camera performance, and enough portability. For this device, I put It's positioned in the consumer market."

Wang Tao glanced at Fang Yi.

Fang Yi explained, "Of course, I'm not afraid to reveal that what Wang Tao means is to make construction machinery, agricultural and military... You should also understand that in this market, everyone is making agricultural drones, and American farmers have the ability For consumption, it can replace the previous small agricultural spraying aircraft... In China, such as Northeast China and some places in North China, there is also a certain market under government subsidies."

Zheng Qiudong had been looking at the small helicopters in the sky before, and now he finally turned his head. He added to Fang Yi, "After our company's assessment, the market is about 3.4 million US dollars, and the competition is fierce. There are corresponding manufacturers in the United States and Japan... You have a cost advantage, but there are still doubts about whether you can come out.”

Zheng Qian leaned forward, "Actually, even if the market is captured, 3.4 million US dollars is not much. I also agree with Mr. Fang's statement that drones have new magical functions, and they don't have to be smashed." construction machinery."

He spread his hands, "I don't know what you think, if the price reaches [-] to [-] yuan, I am willing to buy one to play... DJ drones let us see this possibility, so..." Zheng Qiudong To emphasize his tone, he nodded and said, "So we Sequoia Capital are here."

Fang Yi said, "As a director, I would buy 40 or even 60." The application of the film and television industry can be seen now, and there is no doubt that this market exists... If I go to make a movie again, I will definitely use the DJ’s drone.”

Zheng Qiudong said: "Yes, this is where you are so good. Although the team is not big, it is very complete."

There are hundreds of golf courses in Beijing, and there are many rich people.However, looking for the small ball after kick-off is still in the traditional way, visually.

By reference, by memory.

If it is a new caddy, or the ball is awkwardly hit off the track and there is no target, as it is now, it will be more embarrassing.The cart was running around the lawn, and the caddy was like an idiot, unable to find the flying ball.

"Where's the ball?"

Fang Yi touched his nose, as if embarrassed.

After practicing all night, it's at this level.

Zheng Qiudong shrugged, "It's okay, so what if you wait a while, I'll tell you quietly, I can't play well either."

The golf cart continued to circle the lawn.

The house leak happened to be raining overnight, and the car ran out of battery, so it coasted hard for a while, and then stopped moving.The caddy jumped out of the car, took the wheat to dispatch the carts from other places to pick them up, and apologized back.

Where is the ball.

It still seems to be a problem.

The three of them were blowing the autumn wind, maintaining their patient smiles.Wang Tao, on the other hand, let the helicopter turn around sensitively from a far away place, patrolling the land like an eagle in the sky.

The picture can be seen clearly on the monitor, and it can be distinguished even after zooming in.

Fang Yi called Zheng Qiudong together, and the three of them used the helicopter to find the ball. After Zheng Qiudong became familiar with the operation, he had a great time playing by himself.Men really like this kind of machinery, not to mention that Zheng Qiudong has already said, "I am willing to buy one to play with."

This thing is naturally much faster than a person walking, even faster than a golf cart, relying on memory and perspective suppression.Zheng quickly found the ball, and he showed the excitement of his triumphant return. Wang Tao, a man of science and technology, also showed his teeth and danced.

A new golf cart arrived, and after the three changed carts, Zheng Qiudong pointed directly at the screen on the monitor, "It's here, just drive here and look for it."

The car will get there soon.The three jumped out of the car to see, and sure enough there was no mistake, they laughed and high-fived each other.Wang Tao manipulated the small helicopter to gradually descend, and when the propeller stopped turning, he lifted it up to Zheng Qiudong.

"Lend you to play for a few days."

"How long do you want to borrow?"

Fang Yi interjected, "We usually don't need to return things we borrow. There are still a lot at Wang Tao's side. I have one in my car, and I gave it to others. I can't use it all up."

After all, he took a full stance, swung the golf ball with a "bang", and watched the golf ball fly towards the place with the flag. Unfortunately, his technique was not good and he still deviated a lot, but this time he managed to squeeze into the track.

Zheng Qiudong said again, "Strike."

Fang Yi: "We seem to have discovered another second use."

Zheng Qiudong finally came to his senses, lowered his head and smiled for a while, then looked at the two of them, "Amazing!"

　ps: If the ball flies out of the track, a new one will be added, and there are also those who bite the bullet and find it.I checked the information and found that there are both, so I used the latter.

　　
　
(End of this chapter)