Chapter 263 The bud of the attack, controlling Wujiang Technology!
Nothing happens on the weekend.
On September 5, Monday, Zhang Shuo came to the company again.
He has received the course schedule for this semester. He only has professional classes on Tuesdays and Thursdays every week, and he does not need to go to school at other times.
In the field of network security governance, there are not many practical courses, and there is no need to go to the laboratory all the time.
It's very easy.
Therefore, if there is nothing special, Zhang Shuo will still show up at the company on time on Monday, Wednesday and Friday and go to work normally.
It's impossible for him to just leave the sprout alone.
Mo Ya is Zhang Shuo's hard work and career. He cares about Mo Ya's development more than anyone else in the company. How can he really just be a hands-off shopkeeper and be carefree?
Crazy!
Even when he is in school, he will handle company affairs through Feixun at night, always keeping abreast of the company's latest trends, and issuing various instructions in a timely manner.
There is no such thing as slacking off.
After sitting down in the office, Zhang Shuo began to deal with the backlog of documents.
For example, Jiang Yue proposed that in order to prevent cash risks in financial work and optimize the internal financial workflow, it is necessary to achieve cashless reimbursement for the Germination Group and its subsidiaries within three months.
Zhang Shuo naturally gave his full support.
Vice President Lu Kai, who has just been in charge of investment business, also reported the investment projects that will be tracked in the second half of the year, including the realization of full ownership of Automotive Network and Bajie Network, the completion of the second round of investment in Haode Map, and the completion of mobile phone suppliers.
strategic investments, etc., which are listed in great detail.
Also very ambitious.
afternoon.
Wang Tao from Wujiang Technology unexpectedly came to the Germination Building to visit Zhang Shuo.
"Rare visitor!"
Zhang Shuo smiled and asked Wang Tao to sit down on the sofa.
All in all, this was Wang Tao's first visit to the Sprout Group after it invested in Wujiang Technology. He also reflected from the side that Zhang Shuo had indeed fulfilled his original promise - never to interfere in the business decisions of Wujiang Technology.
"I'm here to tell you good news."
Wang Tao was slightly excited, "After more than a year of research, Wujiang Technology's multi-rotor flight control system WooKong-M has finally been completed and will be officially launched at the aviation museum exhibition this month."
No wonder Wang Tao is excited.
He has already done market research. The birth of WooKong-M, with its high cost performance, is expected to soon enable Wujiang Technology to cross the two thresholds of annual revenue of 10 million and single product revenue of over 10 million.
Wujiang Technology has thus entered a state of no shortage of money.
Looking back on the hard work I have experienced in the past four years, I am really filled with emotion.
"too slow!"
After Zhang Shuo heard this, he shook his head in disappointment.
"What, what's so slow?" Wang Tao was stunned for a moment, his expression frozen.
"In December last year, Sprout invested 250 million in Wujiang Technology. It has been more than half a year before Wujiang Technology came up with a reliable flight control system. Do you think it is very fast?" Zhang Shuo continued to pour cold water.
Don't blame him for being disappointed.
In my impression, it was also at this time that Spacetime Technology made a breakthrough in the flight control system.
In that case.
What is the significance of the huge investment of 250 million yuan?
"this……"
Wang Tao scratched his head, his expression a little embarrassed and a little ashamed.
like...
Is it nothing special?
250 million in capital is no joke. In comparison, the business goal of annual income of tens of millions seems a bit insignificant, even a bit ridiculous.
How many years will it take to recover the investment?
"We still need to take bigger steps and be willing to increase investment in research and development. The flight control system is just a starting point. Next, there will be gimbals and complete consumer-grade drones. There is still a long way to go."
Unconsciously, the statuses of Zhang Shuo and Wang Tao have been reversed.
Sprout Group was just a little-known startup in December last year, but now Sprout Group is one of the giants in the Internet industry.
As for Wujiang Technology, although it was established much earlier than Germination, it is still essentially a start-up company.
The contrast in strength becomes more obvious.
"you're right."
Wang Tao came to his senses completely and looked ashamed. He didn't think Zhang Shuo was in Canada.
Because in the past year, Germination's rapid development achievements and large investment in research and development all support Zhang Shuo's point just now.
This is what Zhang Shuo said and what he did.
"As you know, the domestic entrepreneurial environment is very harsh. Once the market prospects of drones become clear, a large number of competitors will be born, and Wujiang Technology will not have much time left."
Zhang Shuo is not being alarmist.
In China, once any blue ocean field shows great promise, a group of sharks will swarm in and fight each other until it turns into a red ocean.
Not only startups, but Internet giants are also deeply involved.
Not to mention the business overlap and competition between Tenda and Ali, Mituan is engaged in e-commerce, Byte is engaged in education, Internet finance, and local life services, which are even more crazy involution.
These Internet companies are unable to expand their territory in overseas markets. In order to obtain new business growth points, they can only engage in crazy involution in the domestic market.
In the end, they all ended up in a mess, losing money every year and raising capital every year.
What are you picturing?
Once a crisis comes, it is conceivable that the stock price will plummet.
After the original time and space, Wujiang Technology became an instant success in the field of consumer drones, many competitors saw the opportunity and rushed into this track.
At its peak, there were more than 300 drone companies in China alone.
This does not include foreign ones.
Although in the end Wujiang Technology continued to stand out in this fierce competition and became the king of the drone industry, its subsequent performance was also obviously weak.
By 2018, Wujiang Technology, which was too focused on the consumer drone market, had already encountered the ceiling of the industry, which seemed to have reached the top all at once.
It makes people ask - "Where is the way forward?"
Since Zhang Shuo has invested in Wujiang Technology, he certainly does not want to say that Wujiang Technology will stop here and be no different from the original time and space, so the significance of the investment will be greatly reduced.
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"So, what's your opinion?"
Wang Tao, who was in high spirits just now, turned pale after what Zhang Shuo said.
It's as if the crisis is right in front of you.
"It's very simple, continue to raise funds, increase investment in research and development, recruit more top talents to join, improve talent reserves, and build a technological moat." Zhang Shuo said the secret.
The difficulties that Wujiang Technology encountered later were also related to the insufficient investment in R&D in the early stage.
Once the previous technical reserves are exhausted and there is no reference object, it seems that it has lost its direction and cannot continue to lead the development trend of drones.
How can this be done?
“In addition to consumer drones, the application scenarios of drones should be richer and wider, including small drones that can perform light shows, large drones that can be used to spread pesticides, and special drones that can kill wasps.
Operation drones, drones that can deliver express delivery, etc.”
In fact, until 2022 in the original time and space, the education of consumers by drones was far from enough.
Still belongs to the "niche"!
Zhang Shuo's ambition is to make drones an electronic product like a mobile phone and apply it to every corner of social life, rather than simply being used for aerial photography.
The same should be true for itself.
"this……"
Wang Tao was excited and nervous about the prospect described by Zhang Shuo. Without thinking about it, he subconsciously said: "I agree to continue financing. Can Suiya continue to invest?"
"Of course!" Zhang Shuo nodded.
"???"
Seeing Zhang Shuo agreeing so readily, Wang Tao instinctively felt that something was wrong, but when he thought about what Zhang Shuo just said, it did make sense.
Any doubts were gone.
"Wujiang Technology launched the C round of financing. Sprout invested 150 million and obtained 20% of the shares. How about it?" Wang Tao is also a happy person.
Once you make up your mind, execute it immediately.
"20%? In this case, Moya will become Wujiang's largest shareholder."
Now it was Zhang Shuo who was surprised.
"The largest shareholder is the largest shareholder," Wang Tao said firmly, half jokingly and half seriously: "It is just right to integrate Wujiang Technology into the entire budding system."
Only then did Zhang Shuo suddenly realize.
No wonder Wang Tao is so generous. He originally had this idea and said with a smile: "In the field of intelligent control, Fertile Land Research Institute can indeed provide some support to Wujiang Technology."
It is also what he hopes to bring Wujiang Technology under the banner of Sprout.
"However, I can't take advantage of you. Series C financing, 20% of the shares, and sprouting investment of 200 million."
Previous Series B financing.
Sprout invested 250 million to acquire 35% of Wujiang Technology's shares, with a valuation of 700 million.
If according to what Wang Tao said, the C round of financing is 150 million for 20% of the shares, then Wujiang Technology’s valuation is 750 million, which is almost the same as the B round of financing.
The plan proposed by Zhang Shuo is to increase the valuation to 1 billion.
No matter what.
After taking out the flight control system, Wujiang Technology has taken a crucial step.
"No, just do what I said, 150 million."
Wang Tao insisted, "I know that we actually took advantage of the Series B financing. At that time, Wujiang Technology had nothing. How could the valuation exceed 700 million?"
Since you want to integrate into the budding system, you can't always just think about taking advantage.
"Okay!"
Zhang Shuo accepted Wang Tao's proposal, although he was not short of the 50 million.
At least Wang Tao's attitude is heartwarming.
After this round of financing, Sprout Group will hold 48% of Wujiang Technology’s shares, close to a controlling stake.
Wang Tao still kept a cautious eye.
Although after the financing, Sprout Group will be the largest shareholder of Wujiang Technology, if other shareholders join together, they will still own 52% of the shares, which can slightly overwhelm Sprout.
Of course.
This is actually a psychological comfort.
Beware of gentlemen, not villains.
If the Sprout Group really wants to cause trouble in Wujiang Technology, let alone Wang Tao alone, even if all the other shareholders are put together, it will probably be difficult to stop it.
When leaving the Germination Building, Wang Tao was in a daze.
"You came here to express your congratulations, but in the end, you ended up selling the company?"