Wind Rises 2005

Chapter 562 Capital Chasing Profit
Almost every entrepreneur has a love-and-death relationship with capital.

If you want to accelerate development, you have to raise funds. After financing, you will inevitably be controlled by capital and you will not have so much autonomy.

The two not only rely on each other, but also need to be wary of each other.

Entrepreneurs are afraid that capital will kick them out, and capital is afraid that entrepreneurs will mess around and transfer money to their own pockets.

Don’t think as if capital is all about entrepreneurs. There are also many investment institutions that have been successfully stolen from them.

There are many bloody cases in both situations, and there are many cases where no one can do anything about the other.So it was not surprising to Ma Liang that Zhang Sanshi would appear here today.

After all, Wang Tao was a modest person in his previous life, so it was reasonable for him to be so wary of himself.

You must know that as [Dafeng Capital] becomes more and more powerful, Ma Liang's voice and influence are also growing, which is not a good thing for [Dajiang] Company and Wang Tao himself.

Once Ma Liang opens his mouth, many investors will definitely follow suit.

In the future, Ma Liang's voting rights on the board of directors will most likely be superior to everyone else. That is a situation that founder Wang Tao never wants to see.

So he invited Zhang Sanshi, presumably to attract a powerful helper and to balance the game among investors.

From the perspective of an entrepreneur, Wang Tao’s behavior is understandable.

But from Ma Liang's point of view, it is inevitable that this guy is a bit petty, not to mention that he has never interfered with the operation of [Dajiang], is it necessary to take such precautions!
Ma Liang didn't care so much. He had already finished laying out the capital bureau of [Dajiang].

The only thing that he has to forcefully intervene in the future is the merger and acquisition transaction with GoPro, which involves exchanging shares. He doesn't bother to worry about the rest.

But when it comes to exchanging shares, he is still very confident.

[Dajiang] and [GoPro] can be said to be the best partners. In the early days, [GoPro] naturally had the advantage, but in the later stages the situation quickly reversed, and [Dajiang] became stronger.

The two companies had a good honeymoon period, but they quickly parted ways when they competed for interests.

This is inseparable from the popularization of mobile Internet and the rapid development of the hardware industry.

As a result, [Dajiang] could easily find a replacement supplier for [GoPro] in the later period, but [GoPro] lost one of its most critical customers, [Dajiang].

After the separation of the two companies, to be honest, Dajiang has no shortage of action camera hardware, but Wang Tao has not done very well in this field either.

[GoPro] also tried to get involved in the field of drones. It once launched many products, but was hampered by technical difficulties. The product performance was lackluster and was disliked by users.

In the end, it declined step by step, until it sought to sell itself to others.

Ma Liang would never sit idly by in this life. He had invested in both companies, so how could he watch something like "dividing would hurt both" happen?

Although [Dajiang] is more awesome, it doesn't mean that it's good to have everything in hand.

Especially in the product field, we build our own teams to develop everything. On the surface, it looks great, but in fact, it is not necessarily the best in terms of commercial value.

This has been fully proven by countless so-called technology companies in China that claim to develop everything themselves.

It's not best to have everything in your hands, it also depends on whether you have the destiny.

When a company becomes large enough, it will often suffer from big company diseases.Some are seriously ill and some are mild.

Whether it is investment or product layout, the principle is actually the same.

In the previous life, Alibaba invested in so many projects, and wanted to seize every one of them. It parachuted in senior executives and teams to intervene. As a result, most of the companies it had invested in fell short.

On the other hand, Goose Factory also makes investments and does not try to grasp all projects, but the return on investment has been great.

Baidu's big business problems are even more serious. Internal corruption alone has completely made it fall behind.

Therefore, it depends on destiny and the genes of a company. It does not mean that success will be achieved if you take everything into your hands.

Even Chrysanthemum Factory, which claims to be most fond of self-developed products, does not have success in every product.

Objectively speaking, there are not many successful products.

Compared with the vast product ecology of Chrysanthemum Factory, only a few are truly successful in the market.

[Dajiang] is actually not much better. Although Wang Tao successfully developed an action camera product with Wang Tao's insistence, users did not buy it because of its late start.

Apart from being used on its own drones, as a standalone action camera product, it does not perform very well in terms of market share.

Especially in the European and American markets, it is far from the established action camera and panoramic camera companies.

Sometimes the success or failure of a product depends not only on technical reasons, but also on commercial considerations.

Even if [GoPro] pulls its hips more than ten years later, it can still make Xiaomi offer a purchase price of US$10 billion.

This is not just about buying [GoPro] technology, but also about the brand value.

Business must return to business, and everything must be market-oriented, so that the most correct judgment can be made.

Wang Tao might as well focus on drones and study flight technology.

If one day, the cost of [Dajiang]'s drones is reduced to the extreme, the price is as cheap as a mobile phone, and smart live broadcast can be started in minutes, then it will be a different world.By then, the drone will become a civilian toy, and everyone will have one, and the stock price will not rise like crazy.

Therefore, Ma Liang must facilitate the exchange of shares between [Dajiang] and [GoPro]. The two companies should stop falling in love and killing each other.

Everyone achieves and promotes each other, and maybe our respective development will be better.

And for him, as an investor, he can reap the greatest benefits only if the stock prices of both companies skyrocket.

Capital pursues profits, which is what [Dafeng Capital] should pursue most.

Otherwise, why would these dozen investment tycoons gathered in front of the [Dajiang] company today?

Especially Zhang Sanshi doesn't look like a kind person, he must be here for greater interests.

……

Seeing that everyone had arrived, Wang Tao and his partner Lu Zhihui greeted everyone and went straight to the test flight venue.

There, [Dajiang]'s first consumer-grade multi-rotor drone product (Phantom 1) was ready and waiting for a test flight to show off to a group of investment tycoons.

Wang Tao was already full of confidence, but after Ma Liang prompted him to wear a GoPro action camera, he became even more confident.

After all, GoPro’s action cameras are even more powerful for drones these days.

Especially its anti-shake function instantly improves the user experience of multi-rotor drones by more than one level.

"Mr. Wang, let's start!"

All the big guys stood still and waited to watch the demonstration. Xu Xin, the queen of the limelight, couldn't help but urge her.

Wang Tao nodded and gestured to his partner Lu Zhihui, and the test flight officially began.

The operator pressed the start button, and the prototype of the first-generation multi-rotor drone slowly took off and flew very smoothly.

Lu Zhihui then raised his hand in the distance. The operator immediately understood and controlled the Elf Generation to rise into the sky and fly out quickly.

Moreover, he also performed various fancy flying movements, which dazzled all the investment tycoons.

He looked at the drone in the sky for a while, and stared at the monitor on the console for a while, but he couldn't care less.

The perfect combination of drone and GoPro camera made this test flight demonstration a great success.

Not to mention the capital tycoons who invested in the last round, even Zhang Sanshi, a guy who was ready to make a big bet, was excited to see it.

With such stunning aerial photography performance, all investors have seen that the product has extraordinary prospects.

Although the quality of current aerial photography is still very average, as professional investors and ordinary people, our thoughts are naturally different, and foresight is a must.

Drones will be updated iteratively, and the shooting capabilities of action cameras will improve with each passing day.

This can be seen from the development history of mobile phone cameras.

After a few more years and a few more generations of hardware updates, aerial photography will surely become a professional and very interesting thing.

By then, the commercial value of the [Dajiang] multi-rotor drone will definitely increase several times.

As investors, isn’t that what you are here for today?As long as you buy more [Dajiang] shares, you will definitely get good returns in the future.

The primary task of capital is to pursue profits. Seeing the perfect performance of the drone, everyone began to have various small thoughts.

Especially Zhang Sanshi from Hillhouse Capital. He walked slowly to Ma Liang and said with a flattering look on his face: "Mr. Ma, I have to praise your vision again.

I really have never admired anyone in the field of domestic investment, but I admire you endlessly.

I believe you also understand my investment strategy. It has always been either don't invest, or you must make a big bet if you want to invest.

Otherwise, it is better not to play.

[Dajiang] I want to play something big this round, and I hope you will support me, Mr. Ma! "

Zhang Sanshi finally revealed his intention. He had been trying to please him since the beginning of the capital. It turned out that this was his intention.

After all, wanting to invest more, or even take a large proportion of the shares, will inevitably cause controversy.

Especially Ma Liang, the major shareholder, holds the power of veto. If this young man doesn't agree, no one will be able to vote.

And when he wants more shares, it happens that the person in front of him is the one who will be most affected.

Even if this round of investment does not pose a threat to others, if you continue to buy in the next two rounds, you will one day be able to challenge the opponent's right to speak. Everyone knows this.

That's why he kept showing kindness, hoping that Ma Liang could be accommodating.

(End of this chapter)