Investor That Can See The Future

Chapter 230

Bailey Hausman told me.

“I would like to exchange it for a 10% stake in Karos.”

Is the ratio 3 to 1?

If Iver is valued at $80 billion, Karos is worth $240 billion. This is more than 10 percent higher than the exchange rate with Suseong Electronics.

Even if Suseong Electronics exercises its right to purchase, we hold a 71.5 percent stake in Karos. Therefore, even if the stake is reduced by 10%, there is no problem.

On the other hand, it is quite attractive to be able to become the largest shareholder by securing a 30 percent stake in Iver.

Having received such an offer, I felt how important we were in this market.

Taehyung looked at me. He seemed to be asking if this was a good suggestion.

I thought soberly.

The reason I agreed to the exchange of shares with Suseong Electronics was that the electronic equipment produced by Suseong Electronics was absolutely necessary for mass production of autonomous vehicles.

So how can Iver help us?

Iver already has numerous drivers and passengers, and has accumulated various data from all over the world.

By using the data, it is possible to predict the congestion level and demand at a specific time of day to properly match drivers and passengers.

This is a huge advantage compared to latecomers.

As the sharing economy market continues to grow, future growth potential is also promising.

But it’s not all about rosy prospects. In the United States, a latecomer left is coming up, and in China and Southeast Asia, it withdrew by local companies Dada Chuxing and Crab, respectively.

The market competition is getting fiercer, and the deficit continues to grow. Here, various incidents and national sanctions are also troublesome.

Not long ago, in the United States, the murder of a female passenger by an Iver driver became a big issue, and CEO Hausmann had to apologize himself (although similar crimes often occur in taxis), and in some countries, the passenger is paid. A lawsuit is being filed over the illegality of transportation.

Driverless cars are the only way to solve these problems at once.

Among Iver’s expenses, the payment to the driver is the largest. If you operate a driverless car yourself, you don’t have to pay the driver, so the profits increase that much.

Therefore, Iver has been focusing on developing autonomous driving technology with the goal of transporting passengers with driverless vehicles within three years, and was once called as one of the top three Silicon Valley autonomous driving leaders along with Guble and Tesla. (Interestingly, one is an IT company and one is a car. company, one is a ride-sharing service company)

But now, Karos is leading the way with the success of mass-produced cars. Since it is difficult to close the technology gap right now, did you decide that establishing a partnership is low?

“You will need time to think, so you can answer me later.”

“You have come this far, but I will answer you now.”

I shook my head and spoke.

“I’m sorry, but I will decline the offer.”

House’s eyes fluttered slightly as if it was an unexpected answer.

“You don’t like the terms?”

“I think the conditions are good enough. But I don’t think it’s necessary.”

If I had come to you six months ago and made a similar offer, I would have accepted it. But now things are a little different.

We’ve already made and put self-driving cars on the market, and they’ve got an explosive response.

The AD1 and AD2 of Karos were sold out as soon as they were produced. Dealers who could not obtain the quantity scrambled to their feet, and some consumers came to the factory directly on the delivery date to receive the car as soon as possible.

Karos collects driving data of hundreds of thousands of vehicles and corrects various errors that occur during autonomous driving.

The goal is perfect autonomous driving… … That is, the development of driverless vehicles.

It is important for ride-sharing services to properly match drivers and passengers with vehicles.

However, when driverless vehicles are commercialized, there is no need to secure a driver. All you have to do is get your car out on the road.

The data Iver has accumulated for nearly 10 years is a huge strength, but we are already collecting various data from hundreds of thousands of autonomous vehicles on the road.

Excluding the initial investment, fuel costs are all costs, so you can lower the fare to less than half of the current one.

If you have a price advantage, it is possible to beat Iver and dominate the market.

It’s a situation where we can eat everything by ourselves, but we don’t need to hold hands by giving away our share.

Hausmann said persuasively.

“There are many hurdles to overcome for driverless cars. Insurance will be the first issue.”

If a car causes an accident, the driver is responsible for it. So, it is essential for drivers to have insurance.

Even if an autonomous vehicle causes an accident, the driver is currently responsible.

So, what to do with driverless cars? In this case, the insurer changes from a person to a car.

“Insurance is already being negotiated with National Infinity.”

At my words, he seemed to be confused.

National Infinity is one of the three largest insurance companies in the United States and a subsidiary of Berkshire Cashier, operated by Warren Boat.

Although there is a lot of concern about accidents involving autonomous vehicles, in reality, autonomous driving has a much lower accident rate than human driving.

If we assume that all cars on the road are converted to self-driving cars, the number of accidents between cars will fall to almost zero.

When the accident rate goes down, insurance premiums go down, and the profitability of the insurance industry deteriorates.

Perhaps that’s why Warren Boat was originally negative about autonomous driving and driverless cars. But it has changed a bit recently.

It actively purchased shares of Seosung Electronics and Seosung SB, and is now preparing to launch insurance for autonomous vehicles.

If change cannot be avoided, it will be decided to take a preemptive response.

Some criticize changing the language, but it is natural to change the language according to the changes in the market.

Being flexible as you age is a great advantage of Warren Boat. So it could have been the best investor in the world for over 50 years.

At present, the problem is more laws and regulations than insurance.

Fortunately, this issue is likely to be resolved soon. IT companies have been lobbying politicians for a long time to legalize autonomous driving and driverless vehicles.

It is thanks to this that the United States was the first to issue licenses for autonomous driving and lift related regulations.

However, in the market that made it so difficult, Carlos was the biggest beneficiary. From the point of view of other companies, it was like taking a porridge and giving it away.

Hausmann smiled bitterly.

“I’m sorry, but I have to be content with meeting and talking like this today.”

“It was a pleasure to meet you too.”

We got up and shook hands.

We don’t know when, but if Karos goes directly to the market using driverless cars, then they will be competitors.

Well, since this is business, there is nothing I can do about it.

* * *

Days have passed since Iver CEO Bailey Houseman left, but taxi unions still protested in front of the OTK Building.

Following the opposition to the legalization of ride-sharing services, the union chairman shouted against the launch of driverless cars.

From the perspective of the taxi industry, Iver is a cow or sheep competing for the same grass. But the driverless car is a predator, a wolf.

Allowing Iver doesn’t mean the taxi industry will go bankrupt. However, with the advent of driverless cars, the job itself as a taxi driver will disappear.

It will take some time for driverless cars to replace taxis, but driverless trucks are just around the corner.

There are about 2 million truck drivers in the United States.

When driverless trucks are released, all of them will be unemployed.

Carlos obtained driverless vehicle licenses from each state in the United States and experimented with truck platooning. In an experiment a few days ago, the ten trucks demonstrated platooning technology with no margin of error.

This is possible because trucks exchange information in real time and accelerate and decelerate at the same time.

Both the United States and China depend on trucking for a significant portion of their logistics. Therefore, unmanned trucks will radically change the global logistics system.

Among the startups we invested in, there is a logistics truck relay service company called Tenwei in China. Founded by Xiaomin and Yao, the company currently ranks second in the Chinese market after Yunmanbang.

OTK Company, which invested in the earliest, is the largest shareholder, and Witchant is the second largest shareholder. It recently attracted investment from SFT Bank and was valued at $1.9 billion.

Xiaomin traveled to the United States to discuss collaboration and met with Daryl. It is questionable whether the Chinese government will loosen the related regulations.

Amidst my busy schedule, I had an unexpected visitor.

A young man in his early 20s in a military uniform was standing in front of the front door.

He looked at my face and greeted me with a nervous expression.

“Ah, hello, Kang Jin-hoo sunbaenim.”

“What’s going on?”

To my question, he held out a piece of paper.

“This is a notice of reservist training. Please sign here.”

“… … Huh?”

“Usually, I contact you via email or cell phone, but I couldn’t reach either of them, so I came here in person. If you do not attend the second time, you will be prosecuted, so please make sure to attend this time.”

It has been a long time since I have not written an email that I registered in the past. Contact information has also changed a few times.

How about reservist training? do you have to go for this?

Taek-gyu patted my shoulder and said.

“The country and the people need you, so of course you should go. Don’t you know that the higher the level of social leadership, the more social responsibility we have to fulfill?

Since when have I been a social leader? Can’t I just pay the fine and leave?

Thinking so, the full-time private held out another piece of paper.

“Among our cohabitants, senior Oh Taek-gyu, a notice has been issued.”

Taek-gyu was then surprised.

“what? Do you have mine?”

I patted him on the shoulder and said.

“The state needs you too. Do you think social leaders should be more responsible? Come on, sign it.”

* * *

In conclusion, even if you pay a fine, you have to fill the training time.

Even when I was being targeted by the government, I never thought of changing my nationality. But he thinks he needs to go to reservist training, so he suddenly wants to call Ronald to inquire about special naturalization.

Wouldn’t that be better than receiving reserve army training for 3 days and 2 nights?

Taegyu said.

“No. There has already been an article saying that you are going to the reservists.”

“Huh? why?”

What kind of article would that be?(Read more @ wuxiax.com)

“I don’t think the giraffes have anything to do these days.”

When I opened the portal site, there was indeed an article floating around.

[OTK Company CEO scheduled to enter reserve army training center][CEO Kang Jin-hoo, did not attend the 1st session, but attended the 2nd session][Reserve military training ground, thoroughly prepared for safety accidents][Even the richest man in the world cannot avoid reserve army training… … ]

The response to the comments was needlessly enthusiastic.

– ㅋㅋ The reserve army training ground is overturned.

-If Jin-hoo Kang had a problem during training, the United States would be in turmoil.

– What’s wrong with the assistants?

– Wasn’t it unwritten after Kang Jin-hu? Of course, I thought he was out of the military.

– What are you talking about? He’s retired from the army.

-You have a lot of money, but what did you do without the military?

– At that time, I had no money, so I went to active duty. If I tell you to go now, you will be exempted by spending money like Im Jin-yong.

-Is it Dongwon or Dongmicham?

– Because it was the first absence. It would be a comrade

-Your wealth is over 100 trillion, but reserve army training!

-I would make 10 billion a day,

-So absurd. Even after a strong earthquake, 10 billion a day makes sense?

-Huh. made sense After the earthquake, even if the fortune is not good, 10 trillion won a year. If you do the math, he earns 30 billion won a day.

– I’m envious.

– I’ll still go to reserve army training.

– Aren’t you looking for a proxy? If you give me 1 million won, I can go instead.

– CEO Kang Jin-hoo. I’ll take 500,000 won and go instead.

– I have 45,000 won.

-Then I will pay 400,000 won.

-As an expert who has been in the reserve force for 3 years, the market price is 300,000 won. Please contact us at the email below.

-Stop it, you idiots!

-If you go to the training ground and say Kang Jin-hoo, I will trust you.