Chapter 354 [There is a lot of room for imagination in the future]
Chapter 354 [There is a lot of room for imagination in the future]
Receiving Fang Hong's 10 million angel round investment is a completely new situation for Chu Changxing's team. This not only gives Kunpeng Technology a new life to survive, but also provides support from many other intangible resources from the funder's father.
.
Fang Hong decided to invest in Kunpeng Technology and has now taken 45% of the equity. With further financing in the future, the equity share will definitely be further increased.
The support that should be given to Kunpeng Technology will definitely not be stingy. After all, the good development of the company is in the interests of the funder's father, so the relevant resources that Kunpeng Technology needs will definitely be given in a favorable manner.
For example, when the company moves to a new city, the sponsor's father will come forward to help it land better and faster; for example, when the company's management structure is established, the sponsor's father will also provide corresponding support to build the company's skeleton as soon as possible; and
For example, the search for office space, the recruitment of talents, etc.
After receiving an investment of 10 million from Fang Hong, Kunpeng Technology's original difficulty in the hellish start suddenly entered the dream stage. Many things that originally made Chu Changxing and the three of them run around and run errands can be easily solved, and more people can be solved.
Focus on R&D and innovation to improve the core technology and competitiveness of products.
The core competitiveness of technology companies is of course technological innovation, but making a company stronger and bigger requires the combination of many other factors.
…
Meditation Villa.
Chu Changxing and the others left here, but the prototype they brought was left behind. Fang Hong wanted to take a closer look at Kunpeng Technology's prototype, and Chu Changxing happily gave it to the sponsor's father.
At this moment, Fang Hong was continuing to fly the prototype outside the villa, and Tian Jiayi, who had returned from the company, was now standing next to him.
"It's really good. It's not inferior to DJI at all. This product is already very complete. It just needs to be mass-produced and put on the market." Fang Hong nodded and commented.
This first-generation Kunpeng drone has many features. First of all, it is easy to install. The innovative built-in shock-absorbing design does not require the installation of additional outer frames or shock-absorbing pads. It can be simply pasted on the fuselage, which can not only greatly reduce the size.
, reduces the weight and simplifies the installation process. Users can also have a variety of installation methods to choose from.
There are also multiple flight control modes that can be intelligently switched. This prototype provides four control modes, namely GPS cruise mode, GPS attitude mode, attitude mode and manual mode.
You can switch freely and quickly between these four modes to adapt to various flight environments, including special environments such as between buildings with poor GPS signals, in valleys, and at the bottom of bridges. The system will also judge changes in the flight environment and make appropriate decisions.
Intelligent flight mode switching.
For example, when the GPS signal is intermittent when crossing a bridge, the system will automatically switch between GPS flight mode and attitude mode to ensure flight stability and safety.
In addition, it has precise positioning and hovering, high control accuracy, intelligent loss-of-control protection or automatic return-to-home function, built-in gimbal stabilization system, etc.
After a while, the prototype returned automatically. Fang Hong looked at the beautiful assistant next to him and said with a smile: "With 10 million yuan, I got 45% of the equity of Kunpeng Technology. This time I found a big treasure."
Kunpeng Technology’s first-generation product can compete with DJI’s first consumer-oriented product based on flight control technology, ACE ONE. However, DJI’s ACE ONE has not been released yet, so no surprise
It should be released around October at the end of the year.
The calculation time is about half a year, and it should be able to catch up. Kunpeng Technology has received 10 million funds from Fang Hong, and the prototype has been very perfect. Now that there is financial support, it will be launched on the market in the fourth quarter of this year.
It's too late.
Tian Jiayi, who was next to him, had her hands folded under her chest. She looked at Fang Hong and said, "As far as I know, the main flight control module can only be regarded as a very niche market at best, right?"
"It is relatively niche, but the market growth is expected to be very high, and there is a lot of room for imagination in the future." Fang Hong still said with a smile: "This is not the key, the key is that the story Chu Changxing planned for Kunpeng Technology is very touching, and it convinced me.
In the future, the main focus will be on the consumer-grade non-professional drone market. According to him, Kunpeng Technology’s next-generation products are designed to be simple and easy-to-use, with the retail price aiming to be below 5,000 yuan.”
With that said, Fang Hong looked at the beautiful assistant again and added: "If he can really make this big pie real, he will definitely be able to leverage the non-professional drone market and get out of control. Let alone investing 10 million in him, he is just a
Yidu is worth a gamble."
Fang Hong has already read Chu Changxing's plan. According to his plan, Kunpeng Technology will systematically build all the elements needed to have a complete drone: software, propellers, brackets, gimbals and remote controls.
Devices etc.
His long-term plan is the right path for the future development trend of commercial drones. This is why Fang Hong did not hesitate to invest money, because with the launch of Parrot by French A.R.Rrone, the first consumer-grade drone appeared on the market.
The complete rotor aircraft has also brought about a blowout growth in the multi-rotor market. DJI also saw this opportunity and began to concentrate its firepower on the complete aircraft.
Chu Changxing's development plan for Kunpeng early set the goal of making a complete machine. From this point of view, it is even more forward-looking than DJI.
It’s just that VCs are not optimistic about Chu Changxing’s team. If it hadn’t been discovered by Fang Hong this time, Kunpeng Technology would have collapsed and disappeared in obscurity, and Chu Changxing and others might have gone to work at DJI to make screws.
But things are different now. With an angel round investment of 10 million from Fang Hong, it will definitely create a stir in this industry.
At the end, Fang Hong walked indoors with the prototype and said to the beautiful assistant: "Go prepare the agreement and contract with Kunpeng and send someone to sign it with Chu Changxing. Send the money to him as soon as possible and charge it from my card.
Please go there."
It is worth mentioning that Yu Qiu, as the housekeeper, and Tian Jiayi, as the personal assistant, know Fang Hong's personal assets, the account numbers and passwords of several bank cards, etc.
Fang Hong himself has basically never touched money.
Hearing this, Tian Jiayi felt puzzled and said: "Investing in this project in your own name? Isn't it using Qunxing Capital to intervene?"
Fang Hong smiled calmly and said: "They asked K Shenla to invest, not Qunxing Capital. Let's put it under my personal name for now, which is equivalent to me making a PE equity investment."
The so-called PE equity investment refers to equity investment in private companies and unlisted companies through private equity. During the implementation of the transaction, the future exit mechanism is taken into consideration, that is, through listing, mergers and acquisitions or management buybacks, etc., the sale of holdings
Stock profit.
In the Mainland, it can also be understood as buying the company's original shares and waiting for listing. In terms of the exit mechanism of PE equity investment, it is generally not delayed to exit from the secondary market after listing, but exit immediately after listing.
That is to say, on the eve of listing, the equity in hand is directly packaged and sold to other investors, and the company exits directly in the primary market with a profit. As for the investors who take over, such as institutional investors, public funds, etc., the only way to make a profit is to go public.
Then withdraw from the secondary market and eat the premium in the secondary market.
Of course, those who make PE equity investments can also hold it until it is listed. If the stock price continues to rise after the listing, they will definitely make more money. However, withdrawing from the secondary market will be a lot of trouble. There is a limited sale period.
Secondly, if the equity ratio exceeds 5%, an announcement must be made to reduce the shareholding when exiting.
After a while, Fang Hong added: "I will withdraw from Kunpeng Technology on the eve of its listing, package all the shares in my hands to Qunxing, and complete the transfer from the individual to the company at a 30% discount on the current fair market valuation."
By selling it to the company at a 30% discount on the current valuation price, it cannot be said that Fang Hong was harming the public and privately by allowing the company's interests to be channeled to him personally. Instead, the company took advantage. Taking over at a 30% discount is equal to the nominal value at the moment when the change of hands is completed.
The floating profit is +42.85%.
However, even if you withdraw from the primary market at a 30% discount, based on the valuation of Kunpeng Technology on the eve of its listing, it is not a problem for Fang Hong to withdraw with a personal worth of tens of billions. An investment of 10 million will turn into tens of billions.
The expected return on investment has reached more than a thousand times. Isn't it just a big treasure?
