Sun Jiang said: "Everyone listen to me first. I have talked with Xiao Ming and know that Yigou is not interested in a large amount of cash at this stage. According to Yigou's current development, they will not lack financing funds from the capital market in the future."

The directors nodded. A good Internet company is indeed not short of funds.

In this era of money-burning, some Internet companies that do not have any technical content and only creative ideas can raise tens of millions or even billions of yuan, such as a shopping website, a short video app, etc., let alone a dog company with relatively monopoly technology.

Sun Jiang continued: "We won't talk about translation of Dog Translation. In the future, more languages ​​will have a monopoly position in English and Japanese. However, translation of Dog Translation does not match our technical positioning of Warwick, and we don't need to pay too much attention. What we need to pay attention to is Ozawa, a voice assistant based on translation of Dog Language Database and neural thinking."

Sun Jiang said: "Ozawa is currently just a smart voice assistant, and in the future, it can further develop smart chips created by Warwick, with a lot of potential in the future."

Sun Jiang said: "The bet agreement I proposed is that Warwick registers an empty voice assistant company, and Yigou and Warwick each invest 500 yuan, respectively, owning half of the company's equity of 500 shares and 1 yuan. The company has the only right to use Ozawa Voice Assistant.

Warwick then invested in the company to expand its capital by 100 million shares, which were divided into 30 million shares of Class A shares with 10 votes and 70 million shares of Class B shares with 1 votes. The previous 1,000 shares were calculated based on Class A shares, and the expansion funds were provided by Warwick. After the expansion, Warwick owns 500 Class A shares and 70 million Class B shares. Yigou owns 30 million and 5,000 Class A shares."

Sun Jiang said, and the directors recorded in their notebooks.

"So at this time, Warwick owns 70% of the new company's equity and 18.92% of the voting rights, and Yigou owns 30% of the equity and 81.08% of the voting rights."

The directors nodded, already knowing what Sun Jiang was going to say later.

"We will agree with Yigou. If the voice company's profit reaches 300 million in two years and the company's valuation reaches 2 billion, then all the A-shares in Yigou's hands will be converted into B-shares at a ratio of 1 to 10. Yigou will own 81% of the company's equity and voting rights. Warwick owns 19% of the company's equity and voting rights. Warwick will deduct the original 100 million yuan of equity at the valuation."

"If the Dog does not meet the bet agreement, then the Dog will be eliminated and all A and B shares held by the Dog will be converted to Warwick. Warwick will have all the technology and use rights of the voice assistant."

A director expressed different opinions and said: "This betting agreement is not necessarily accepted. The financing conditions for other institutions to provide Yigou may be much simpler. Yigou can get a good amount of funds at one time instead of the equity of a company expected in the future."

"This is the problem I want to talk about next." Sun Jiang was born in a venture capital investment. Before joining Warwick, he had already held positions in many venture capital companies. He was too familiar with what conditions would the investment company offer Yigou.

Sun Jiang said: "At present, we only know Ozawa's voice. Even if other financing companies like Yido, they still look at the Chinese translation dog translation rather than Ozawa's voice. This is one of them."

"Secondly, if a financing company wants to invest, then what is it? Shares! They will definitely ask Yigou's shares. They will exchange funds for shares. As I just said, Yigou is different from other startups. It lacks funds, but it is not a shortage of tens of millions or hundreds of millions. So Xiao Ming will not sell shares in the early stage of the company because of funds. Xiao Ming is not an aggressive investor. He created Yigou Translation and has a sense of freedom to develop without big goals. Moreover, I think Xiao Ming's future energy will mainly be in college academics rather than the company. How many companies with valuations worth tens of millions have only three employees? I have seen Yigou, that's what Yigou is like."

The director asked: "So why does Yigou cooperate with Warwick? Since Yigou is not short of funds, Warwick has no chance of cooperation at all! Yigou also proposed that Warwick purchase voice components through procurement."

Sun Jiang agreed with the director and said, "This is the third point I want to say."

Sun Jiang paced back and forth on the podium and said, "What can Warwick do for Yido? In addition to the early funds, there is also a broad market and a future stage. If Yido releases the voice assistant as a plug-in in the third-party download market, what do you think are the reactions of each mobile phone provider?"

Someone said: "It shouldn't be particularly welcome."

Sun Jiang said: "Yes! I believe that companies including Warwick will not like a third-party voice software that is more powerful than their own voice functions. Then these mobile phone manufacturers will take two measures. One is to cooperate with the Translator Dog like us; the other is that all mobile phone manufacturers have banned the Translator Dog by default and do not support third-party voice assistants to use on mobile phones, even if we all know the truth is Translator Dog."

The director added: "Haha, this is the capital market, not the truth market."

"There are many ways to block it. You can just get stuck as soon as you install a voice assistant phone. This is how everyone treated third-party desktop software at the beginning."

Sun Jiang smiled and explained: "Yes! But what about cooperating with Warwick? The newly established voice company will operate independently. Warwick will choose to purchase or not purchase voice assistants according to its own needs. If you want to purchase, you will follow the charging principle of voice companies. Voice companies can even sell voice assistants to Xiaomi and Apple. Warwick's annual mobile phone shipments reach 200 million, and high-end mobile phone shipments exceed 10 million. Xiao Ming will like this market. What's more, Warwick has not directed Ranyigou's shares. We invest in the future and expectations."

"If the Dog Bet fails, what you lose is the voice assistant rather than the entire Dog Bet. We can use all the rights to use Ozawa Voice, if Warwick loses, then it is in the interests of the company for a great company to have Warwick's equity in the future. Ozawa Voice Assistant can also participate in Warwick's future AI plan. I think all the directors have certain expectations for how Ozawa Voice can bring about Warwick."

After Sun Jiang's speech, the directors at the scene gave warm applause.

Sun Jiang convinced everyone, and the directors nodded one after another.

"This is a win-win bet agreement!"

"Now the homogeneity of mobile phones is serious. With the help of voice assistants, we can not only stabilize the domestic market, but also compete with Samsung and Apple in overseas markets."

"We agree!"

"I agree!"

The directors voted to pass the betting plan.

And Sun Jiang’s mission is to convince Xiao Ming to accept the bet plan!

Jiangcheng, Guangyao Building.

Xiao Ming felt the rapid money-making effect of the Internet for the first time and the cruelty of the Internet.
Chapter completed!