Reborn: Billionaire in College

Chapter 83 Dimensionality Reduction Strike
This is a naked dimensionality reduction attack!

As for other high-sounding projects, the teachers and students present were actually indifferent. They did not understand the industry or the projects.

But Renren is different. Students from the University of Finance and Economics use it frequently. Even many teachers and students in the lecture hall are heavy spammers.

Therefore, when Chen Pingjiang typed out the question, he had already won half the battle.

The noise coming from his ears was so pleasant to Zhu Guangtong, and it also made him feel more or less relieved.

Kuang Minghong, with a smile on his face, was whispering with other department leaders nearby.

Lao Kuang, you are so unkind, you actually have such a powerful trick hidden in your mind?"

"That's right. Renren.com is very popular in our school and several surrounding universities. They actually participated in the campus entrepreneurship competition. Isn't this a massacre?"

"This guy is not bad, tall, handsome, and has a good stage presence, which makes people's eyes light up."

Kuang Minghong smiled and said nothing, his face looked so bright.

"Is it the Renren website we often use?"

"That should be it. I heard that it was developed by students from our school. It's really awesome."

"Then what the hell are we going through all this trouble for?" As the contestants said this, they leaned back and Ge You lay down.

"..."

Those projects that haven't started their roadshows yet all have a "Fuck it" expression on their faces. They were full of energy just now, but now they are constipated.

Chen Pingjiang on the stage calmly spoke to the huge crowd below.

This kind of calmness and confidence is something that other students do not have. Others either speak very fast, have a stern face throughout, or do not make eye contact.

Chen Pingjiang's roadshow was more like a speech. He spoke at a moderate speed, occasionally smiled, and actively made eye contact with the audience.

We have already won a big victory in the typhoon.

In fact, Chen Pingjiang also put a lot of effort into this plan, and the gap between him and other students is quite large.

Other people's plans probably have the following sections: project background, company profile, market analysis, industry competition analysis, financial budget, etc.

Chen Pingjiang's plan is more complete and is a business plan that can be used to discuss project financing.

It not only has the usual categories such as company overview, development history, operating status, market analysis, business model, and competitive product analysis, but also a complete organizational structure, user data, operating performance, market segmentation and positioning, details of fund use, capital exit mechanism, and even cash flow statements, balance sheets, and income statements.

This is another complete dimensionality reduction attack.

All the participating teams in the audience were introverted.

We are playing with concepts. You are aloof and great. Just give us the detailed data.

"With the support of the six degrees of separation theory and the background of the Web 2.0 era with the rapid development of the Internet, Internet users began to pursue more practical and real application experience. They were eager to organically combine the virtual network with the real society. Therefore, SNS came into being, meeting people's real needs for making friends, entertainment, business, trade, etc. Users are both browsers and creators of website content.

I dare to assert that in the future, social platforms or websites must be a very important force on the Internet and accompany people's lives, regardless of whether Renren is the one that survives in the end. "

As Chen Pingjiang finished his summary, the PPT roadshow also ended, and warm applause broke out in the lecture hall.

Unlike the previous polite applause, this time the applause was obviously more enthusiastic.

Next is the judges’ question session, which is the most important part.

The first person to ask a question was Ning Yongde, the most influential vice president of the University of Finance and Economics. He smiled and asked, "I watched your roadshow very carefully. You mentioned that Xiaonei.com was acquired during this summer vacation. In the future, how will Renren.com face Xiaonei.com, which has more users, funds, and resources than them?"

Chen Pingjiang nodded. "The biggest problem with Xiaonei.com is that its users are all students. In such a closed circle, they can expand rapidly, but sooner or later they will have to step out of their comfort zone. Renren.com has been a global SNS since its inception. As for how to deal with the rise of Renren.com, I'm sorry, this is a business opportunity. Please understand that I can say a lot of empty words on the stage, but it's meaningless. In half a year, everyone will see how Renren.com does it."

Wow, the teachers and students below called you an expert, and you actually dismissed the questions raised by the most important school leaders with a sentence "commercial secret, no comment".

But Ning Yongde was not angry. How could Chen Pingjiang openly speak out his response strategy in such an occasion and be taken advantage of by his competitors? That would be a loss.

Although the campus network may not pay attention to the entrepreneurial competition of a non-985211 university, but what if it happens? The representative of a well-known enterprise raised a very interesting question.

"Hello, Chen. I noticed that you and other contestants are very different in stage presence, conversation, understanding of the project, and operational management experience. How did you train yourself to be so good? Where does the funding for the project come from?"

This question is not about the project, but about the person. Investors often want to know more about the founder's experience and ability.

When the contestants heard this question, their faces immediately darkened. Doesn’t a big difference mean that they are terrible? The good news is that their team is not the only one that is terrible.

Chen Pingjiang cleared his throat and thought, isn't this question just for showing off?

"I started my first business during the summer vacation this year. I set up a stall in front of a university in my hometown to sell grapes. I gave grapes the definition of love, focused on the high-end market, and made new drinks with leftover and poor-looking grapes. I developed and trained agents. In about ten days, I earned my first pot of gold of 100,000 yuan."

Having said this, Chen Pingjiang paused deliberately.

The audience in the lecture hall exclaimed that he was an expert. When did money become so easy to make? In just ten days, one could earn 100,000 yuan? At the same time, they also trusted Chen Pingjiang's ability more and more.

"After entering the University of Finance and Economics, I invested 100,000 yuan in the catering industry and opened Xiao Chen BBQ Restaurant. Fortunately, it was a success. It has now developed into three stores and the fourth branch is also under preparation. In addition to owning a variety of brand stores, the catering company has set up a brand center and a procurement center in Gaoping Economic Development Zone.

These entrepreneurial experiences have enabled me to better manage Renren and provide a steady stream of capital to Renren."

All the judges except Kuang Minghong were surprised. They didn't expect that while Chen Pingjiang was tinkering with Renren, he was also having some success in the catering business. The fact that two companies of such a large scale were both thriving was enough to show Chen Pingjiang's personal ability.

What’s even more exaggerated is that Chen Pingjiang had only just entered college as a freshman, so he could be said to have started from scratch.

The company representative shook his head and said, "Young people are really formidable. When I was his age, I was still playing. Principal Ning, your school has found a treasure."

Ning Yongde was also shocked. He didn't expect that there was such a person in the University of Finance and Economics.

He had a good conversation, good image and temperament, a good project plan, and a good way of getting angry, but he had never heard of it? He couldn't help but look at Kuang Minghong in the distance, planning to ask him about it later.

Chen Pingjiang's personal experience is another dimensionality reduction attack on other projects.

Three consecutive dimensionality reduction attacks, each more severe than the last.

Mature and implemented projects, fairly formal plans and other successful industries are all extremely eye-catching.

When Chen Pingjiang walked off the stage, the contestants either looked at him with admiration or were so discouraged that they had lost their spirit. Some would have wanted to withdraw from the competition if their instructor hadn't stopped them.

"If we can't win the gold medal, we can still win the silver medal. We won't compete with him."

"There are problems with the review of the entrepreneurship competition projects. Wouldn't it crush us if such a project was allowed in?"

"Oh, it's so annoying. We're only freshmen and we're already in the catering industry and the Internet industry, but we're still only able to write PPTs in our senior year."

"Don't be discouraged. There may not be one person like this among hundreds of thousands of people in the entire Dongjiang University."

……

"How about it, Old Zhu, I didn't embarrass you, did I?" Returning to his seat, Chen Pingjiang raised his eyebrows at Zhu Guangtong and said proudly.

Zhu Guangtong smiled and patted Chen Pingjiang's hand enthusiastically, "Okay, okay, I'll reward you in the evening."

The more worried I was just now, the happier I am now.

Although Chen Pingjiang likes to play around, he can really stand up when something happens.

After Chen Pingjiang stepped down, there were no decent projects for half an afternoon.

The scores were much lower than those of the projects in the morning, all thanks to Chen Pingjiang.

There was no reference benchmark in the morning, so the scores were definitely biased high. The scores in the afternoon were completely based on Renren's project plan. After comparing the two, the judges realized that it was all bullshit.

In the end, Chen Pingjiang won the gold medal without any surprise.

(End of this chapter)