The event in Beijing is DJ’s investor gathering and building momentum. If a potential company wants to grow into a complete entity, it will probably go through angel rounds, a rounds, b rounds, c rounds, d rounds... Among them, angel rounds refer to
These are some early-stage projects that may have just sprouted and barely have some customer and market data.
The investment in this round is also relatively small.
If you have to divide it very finely, there is a seed round before the angel round, which is purely based on face recognition. The so-called ppt investment refers to this round.
As the business and market expand, there will be second and third rounds of investment, also known as the ABC round. The current trend is that the number of rounds is expanding, and the increasing number of investors on the one hand increases the financial strength of the company, and on the other hand
On the one hand, an alliance of interests is formed to expand the reach of the enterprise... If they are willing, all investors don't care if their equity is diluted. In theory, they can use up the entire alphabet.
In fact, the peak is around six or seven rounds. At that time, entry funds need to be based on hundreds of millions or even billions, in US dollars.
This kind of investment increases geometrically. Think of a piece of paper, after being folded 42 times, it can reach the moon. If there is really a company that is so good that it has the 42nd round of investment, probably all the wealth since the birth of human civilization will not be able to satisfy the financing of the company.
Demand it.
——The new drone made in the laboratory is a small matte black helicopter that is so light that an adult can lift it with one hand.
Sensor units such as an inertial measurement unit, magnetic field meter, and barometric altimeter are installed on it. In order to demonstrate the effect, a Hasselblad camera is embedded under the helicopter.
"ae, this is our latest flight control system. I want to emphasize that our DJ is a software company, and this is our current core competitiveness. Our flight control system is the world's leading..."
Wang Tao introduced his product to the investors. He raised the small helicopter into the air and hovered steadily. Next to him, Fang Yi, who was wearing a Burberry worth 230,000 yuan and came to the Beijing Huabing Manor Golf Course in a dusty state, cooperated.
Pick up the club.
Under his feet, a golf ball with a diameter of 42.67 mm and a weight of 46 grams lay quietly there.
A group of people from Sequoia Capital looked at them with interest.
"boom!"
The white ball flew far away like an eagle, riding the wind lightly, and rolled a short distance on the lawn after landing.
The drive is very beautiful and powerful. The only drawback is that it is not on the track and deviates a lot.
Fang Yi put the club on his body and smiled.
The investors applauded politely and praised as if they didn't notice, "Well done." Their eyes were on Fang Yi.
Wang Tao doesn't play golf and didn't find anything. He continued to talk about the parameters and performance of the product, acting as the voice-over at this time. The two scenes reflected each other. If you don't consider the missed golf ball, it was really pleasing to the eye.
In order to hit hard enough for this shot, Fang Yi practiced for a long time last night. Wang Tao is a man in science and engineering. His technical ability is not to be said, but his sales performance is indeed not as good as his. Sequoia Capital invested 8 million for 20% of the shares, which had been negotiated in advance.
However, financing is not a one-and-done deal. In order to have second and third rounds of investment and whet the appetite of Sequoia Capital, Fang Yi also had to stand up for his side business.
Sequoia Capital is a venture capital fund located in the United States. It has established localized funds in India, China, and the United States, the three most promising places in the world. Since 2005, Sequoia Capital has begun to invest heavily in domestic independent companies.
A cornerstone enterprise is an enterprise that has certain technical strength and technical barriers in a niche industry, but does not have a good reputation.
Ahli and Goudong are his favorite works. Of course, Sequoia Capital has also invested in some street companies and misjudged them, but venture capital is inherently gambling. No one here cares about the eight million in front of them. What they want is
Eight hundred million, eight billion, or even eighty billion.
"Show off your machine, we'd love to see it."
Fang Yi called the caddy and brought the golf cart.
The person who came to visit them was Zheng Qiudong, a subordinate of Zhou Kui, a fund partner of Sequoia Capital specializing in industrial technology lines...
It is said that I used to be a headhunter, but because of my keen business sense and ability to recognize people, I changed my career to become an investor.
There were not many seats in the golf cart, only Fang Yi, Zheng Qiudong, Wang Tao, and the caddy driving in front. Wang Tao subconsciously fiddled with the remote control, obviously a little nervous, and touched his arm. Fang Yi knew that it was his own performance.
It's time.
He said: "This... ae was actually made at my suggestion. I make movies, and I only have two requirements: good enough camera performance, and enough portability. For this device, I
It's positioned in the consumer market."
Wang Tao glanced at Fang Yi.
Fang Yi explained, "Of course, I'm not afraid to reveal that Wang Tao means to make construction machinery, agricultural, military... You should also know that in this market now, everyone is making agricultural drones, and American farmers have the ability
For consumption, it can replace the previous small agricultural spraying aircraft... In some places in China, such as Northeast and North China, there is also a certain market with government subsidies."
Zheng Qiudong had been looking at the small helicopter in the sky before, but now he finally turned his head. He added to Fang Yi, "After our company's evaluation, this market is about 340 million US dollars, and the competition is fierce. There are corresponding manufacturers in the United States and Japan...
You have a cost advantage, but there are still doubts about whether you can do it."
Zheng Qian leaned forward, "Actually, even if we capture the entire market, 340 million U.S. dollars is not much. I also agree with your statement, Mr. Fang. Drones have new and wonderful uses, and they don't have to be used to death."
Construction machinery.”
He spread his hands and said, "I don't know what you think. If the price reaches 20,000 to 30,000, I would be willing to buy one for fun... The DJ drone allows us to see this possibility, so..." Zheng Qiudong
To emphasize his tone, he nodded and said, "That's why Sequoia Capital is here."
Fang Yi said, "As a director, I would be willing to buy it for 400,000 or even 600,000 yuan." Fang Yi started to draw the pie without any teacher. "Whether it can be done in the consumer market is a matter for the future... But in the
The application in the film and television industry can be seen now, and this market undoubtedly exists... If I go to shoot a movie again, I will definitely use DJ drones."
Zheng Qiudong said: "Yes, this is where your strength lies. Although the team is not big, it is very complete."
There are hundreds of golf courses in the capital, and there are many wealthy people. However, looking for the small ball after teeing off is still based on the traditional method of visual inspection.
Rely on reference, rely on memory.
If it is a new caddy, or if the ball is awkwardly hit outside the track and there is no target, like now, it will be more embarrassing. The golf cart is running around the lawn, and the caddy is also like a fool, and he is always in trouble.
Can't find the flying ball.
"Where's the ball."
Fang Yi touched his nose, as if he was embarrassed.
After practicing all night, this is the level.
Zheng Qiudong shrugged, "It doesn't matter, so what if you wait a while. I'll tell you quietly, I don't play well either."
The golf cart continued to circulate on the lawn.
There was a leak in the house and it rained all night, so the car's battery ran out, and after gliding hard for a while, it stopped moving. The caddy jumped out of the car, used the microphone to dispatch golf carts from other places to pick them up, and turned around to apologize.
Where is the ball.
It still seems to be a problem.
The three of them all blew the autumn wind and maintained patient smiles. Wang Tao, from a very far away place, made the helicopter change direction quickly and patrolled the land like an eagle in the sky.
The picture can be seen clearly on the monitor and can be distinguished even after zooming in.
Fang Yi greeted Zheng Qiudong, and the three of them used the helicopter to find the ball. After Zheng Qiudong became familiar with the operation, he had a great time playing. Men really like this kind of machinery, not to mention that Zheng Qiudong has already said, "I myself
I’m willing to buy one to play with.”
This thing is naturally much faster than a human walking, even faster than a golf cart. Relying on memory and perspective suppression, Zheng quickly found the ball. He showed the excitement of triumph. Wang Tao, a man from science and engineering, also
Show a few teeth and dance.
The new golf cart arrived. After the three of them changed the cart, Zheng Qiudong pointed directly at the picture on the monitor, "It's right here. Just drive here and look for it."
The car quickly drove there. The three people jumped out of the car to take a look. Sure enough, there was nothing wrong. They laughed and high-fived each other. Wang Tao controlled the small helicopter to gradually descend. When the propeller stopped turning, he lifted it up and handed it to Zheng Qiudong.
"I'll let you play for a few days."
"How long can I borrow it for?"
Fang Yi interjected, "When we borrow things, we usually don't need to return them. Wang Tao still has a lot of them. I have one in my car. I even gave it to others, so I can't use it all."
After that, he took a good stance, swung the club with a bang, and watched the golf ball fly towards the place with the flag. Unfortunately, his technique was not good and he still deviated a lot, but this time he managed to squeeze into the track.
Zheng Qiudong then said, "Good shot."
Fang Yi: "We seem to have found another second."
Zheng Qiudong finally reacted, lowered his head and smiled for a while, then looked at the two of them, "Awesome!"