Rebirth 2010: I'll be a big shot

Chapter 188: Forced by venture capital, Berry Group is doomed

Author: The bright moon once shone on the ancient river

Chapter 188: Forced by venture capital, Berry Group is doomed

Three days later.

On the flight to Yancheng.

Chen Heyu looked out the window and silently took stock of the gains from his trip to Hangzhou.

As the executive founder of Shanhai Capital, Zhou Xiaoyu’s wonderful speech at the economic forum left a deep impression on a group of Internet tycoons.

In just three years, Shanhai's tentacles have spread across multiple industries, and it has participated in investments in companies such as Douyin, Didi, Pinxixi, Daqiang, Happy Twist, Mihiyou, etc., and indirectly controls Shanhai Literature and Kangaroo Flash, with a total holdings of There are shares worth hundreds of billions.

There may be some differences between Zhang Lei of Gaolin Capital and Shen Peng of Hongshan Capital, but Shanhai Capital seems to have become a giant venture capital institution.

In the future, Lao Zhou will also have a head start when looking for potential projects.

And outsiders were surprised to find that the investment projects Shanhai participated in had a 100% positive rate of return.

In short, Shanhai Capital has never made a single loss-making business since its establishment.

"Then how can you ride on a horse?"

Shen Peng, who invested half of China's Internet industry, was stunned when he heard the news and couldn't believe it at all.

For a time, the heads of major start-up companies were all excited.

"Persuading Shanhai Capital is equivalent to getting a layer of high-quality guarantee in advance, which will also affect the judgment of other venture capital institutions."

“Shanhai Capital is simply the touchstone of the project!”

"If we can obtain the angel round from Shanhai Capital, it means that the project has development prospects and future financing will be much easier!"

Similar statements began to spread in the venture capital circles of Yan, Shanghai and Peng.

Lao Zhou was in pain but happy. On the second day after returning to the company, there was an endless stream of entrepreneurs visiting him every day. Excluding meals and rest time, he managed to receive more than ten startups a day.

On the other side, Future Technology CEO Zhang Nan’s performance in the sub-forum was equally outstanding.

After briefly discussing the development trajectory of artificial intelligence, he also timely introduced many new directions such as biochips and EDA software development, which attracted enthusiastic attention from the media.

“In August next year, a reporter from Beautiful China used Moss’s intelligent editor character to write a perfect press release in 25 seconds.

Everyone is generally anxious, worried that one day artificial intelligence will replace all human jobs, causing massive unemployment. What do you think of that problem?"

During the question and answer session, reporters asked about the topics that everyone was most concerned about.

“The development of artificial intelligence will not only provide employment opportunities for high-end talents, but will also create new jobs for ordinary people.

For example, AI painter, AI special effects artist, AI writer, AI singer, etc...

Like previous industrial revolutions, the Industry 4.0 era will eliminate many types of jobs and positions. For example, the self-driving cars promoted by Qiandu.com will also cause a large number of drivers to lose their jobs.

But they should not stop eating just because they are choking. He believes that the unemployment problem can be reduced to a minimum."

When Zhang Nan faced this problem, he was extra cautious and used Qiandu as a shield to share the firepower.

This made Li Hong from Taitung look uncertain. His good impression of Chen Heyu was instantly gone.

Future Technology secretly adjusts the intelligence of some characters, and has no movement or aggressiveness in the development of new characters. In fact, the attitude is very obvious. The current marketing plan in foreign countries focuses on cultivating potential users.

Only when the time is right will the restrictions on Cuomos be released.

"In the field of artificial intelligence, the Internet giant Beilizhou has strong technological accumulation and strong financial strength. Facing the upcoming challenges, is the future technology confident that it will remain a leader?"

the reporter asked.

"Objectively speaking, Future Technology has never been the first in the field of artificial intelligence. It can be said that they have certain advantages in image vision and speech recognition technology, but not many.

In terms of biological sensing, simulated neural networks, human brain principle analysis, and artificial intelligence chips, the company with the strongest technical strength is the United States.

Of course, in the future, science and technology will move towards the goal, accelerate the progress of research and development, and strive to close the gap.

They also have their own advantages. As of now, China has 650 million Internet users, and that number is rising rapidly every year.

I want to know that artificial intelligence relies more on error-prone data. Other countries have unique advantages. Hundreds of billions of data are used to train machine learning and train artificial intelligence models, which can produce higher-value systems..."

Zhang Nan smiled slightly and talked eloquently.

Two years ago, at the exchange conference in Hangzhou, those who mocked Chen Heyu for his wild words lowered their heads unconsciously, with a look of shame on their faces.

Back then, Chen Heyu was too lazy to argue. Now he uses future technology’s valuation of hundreds of billions to tell them the terrifying potential of artificial intelligence.

In addition to those, Chen Heyu has initially reached a consensus with Zhang Tao of Dazhong.com and launched a merger and acquisition plan.

Kangaroo Flash is about to become the real king in the local life field. Among Yu Dong's faults, the only remaining ones are the dying Berry Group and the reputation founded by former Ali staff.

After Mr. Ma got 20% of East Kangaroo’s equity as a flash gift, he obviously lost interest due to word-of-mouth and even no longer planned to raise funds.

As Chen Heyu thought about it, he felt tired, so he closed his eyes and took a nap.

Waiting for the plane to land!

Chip design software development work is waiting for him to return to take charge of the overall situation.

…

"What? I'll say it again?"

Wang Xin slapped something on the table, his expression changed, and he stood up suddenly and said in disbelief.

"Robbins from Pan-Nanyang Capital and Mr. Shen from Hongshan Capital, please withdraw from investment."

Wang Huiwen re-explained.

"Sai Lianmu! Cross the river and burn the bridge! Make the most of it! You're all a bastard!"

Wang Xin's eyes suddenly turned red and he spoke so fiercely that even his local accent came out.

"Brother Xin, everyone is here, there is no other way to hide."

When Wang Huiwen saw his boss’s sad face, he recalled that he called his boss by the wrong name when he started his business.

"Old Wang, is there nothing we can do?"

Wang Xin trembled his lips and said unwillingly.

He was either angry or afraid. As a rich second generation, he was afraid of losing and starting over again.

After going through countless hardships, Nadong won the group buying battle, but lost to a young man who was just starting out.

It was really hard for him to accept!

"Sold to Kangaroo, I'm afraid the best outcome will be for the Berry Group. If I wait until it goes bankrupt, no one will get a dime. It will offend the venture capital institutions."

Wang Huiwen persuaded patiently.

At that step, if Wang Xin dares to block the boss's retreat and prevents Pannan Yang and Hongshan Capital from stopping losses in time, I am afraid that if he starts his own business again in the future, he will encounter resistance from all venture capital managers.

In the first century, Didi and Kuidi merged, and Volkswagen and Berry Group merged, all of which were promoted by venture capital institutions.

Otherwise, who would be willing to sell the business he founded and become someone else's little brother?

"Let him think about it."

Wang Xin walked east dejectedly,

Attending an Internet conference, I was thinking about settling with the kangaroo and looking for financing opportunities.

Who would have thought that he would be rejected by the wrong party without even opening his mouth, and the venture capitalists would even shake their heads.

"Invest money? Are you kidding? The berry pie is a bottomless pit. Whoever has more money can just invest."

Zhang Leidong of Gaolin Capital said privately that it was equivalent to giving Berry Tuan a death sentence.

When Wang Huiwen saw this, he shook his head, closed the door of the office and silently exited, turning to deal with the funder's father.

Wang Xin was sitting in his chair, watching the sunset outside the window, without any energy, just like him.

"Sell? Give up?"

He couldn't help mumbling to himself.

"hehe!"

Then he snorted coldly, smiled and started whimpering again. It was not easy to walk all the way.

After pondering for a while, he finally made up his mind until the setting moon completely disappeared from the horizon and the night slowly spread out.

I got up and walked out of the office, resolutely facing the reality.

It was blocked in Chapter 1, woo woo hoo~ I have to wait until tomorrow to unblock it, I’m sorry, gentlemen.

(End of chapter)