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Chapter 113: Win the Championship

After passing the first level with a high profile, Duke's confidence was greatly boosted, and the negative emotions that were originally a little frightened in the middle were wiped out. After staying on stage for a long time, the pressure on the audience and the judges on stage was much less.

As the number of votes in the first round was topped, after the second round of expert defense began, a judge from a venture capital company took the lead in asking Duke's team: "I just listened to your review. We saw that your brain wave product is really good, and the market reaction is also very enthusiastic. What I want to know is what is the core competitiveness of your product? What will be the future market positioning?"

The judge from a venture capital company was obviously very interested in Mi Company and began to take advantage of this rare opportunity to conduct some research on Mi Company. This question happened to be a public or private matter.

"Our core competitiveness comes from the latest achievements of Dr. Duke and Dr. Clement in brain wave research. Mi Company's original active brain wave recognition technology can establish a correspondence between commands and brain waves very accurately. Therefore, this technology has unique advantages in entertainment, learning, medical care and other aspects." Shu Ya replied that this link was determined in advance by her.

"According to our company's long-term plan, we will first expand in the entertainment industry, with the focus on gaming. Our brain wave mind power control helmets are not only used in games developed by Mi Company, but also in most games today. Next, we will develop a game control interface for brain wave mind power, so that the brain wave mind power helmets can control the game operations developed by other companies."

"On this basis, Mi Company will further explore new markets such as learning and medical care, and provide communication and operation tools for special groups with obstacles in action."

The judges nodded frequently when they heard Shu Ya's strategic development direction that was not mentioned in the business plan. In this way, the valuation of Mi Company was obviously too narrow in the past. They used to think that Mi Company's brain wave products were just a simple and alternative game suite, so they compared the valuation according to psp or xbox.

Nowadays, mi company products can provide control interfaces for other games, and the game market has expanded a lot. If mi company's market used to be a small pond, it is now at least a big river in terms of games, and the market space has skyrocketed from a segmented market of hundreds of millions of dollars to a large market of tens of billions of dollars.

The change is so large that it is really jealous for venture capitalists. Moreover, this product can enter the learning and medical markets, and the imagination space left by these two markets is also very huge.

After listening to Shu Ya's brief answer, the VC firm's judges remained calm and nodded frequently to the project.

This project has definitely great potential, but there is another problem. The company's management team doesn't know what its capabilities are?

Thinking of this, the judge couldn't help but ask again: "Can you introduce the management team of mi company?"

"Okay." Shu Ya calmly introduced the members of the mi company management team. Although the team was formed for a short time and was a little too young in terms of experience, it was not without foundation.

Everyone in the existing management team comes from top American universities, and they seem to be very capable based on the qualifications of each member.

Clement, the vice president, is from Stanford. He has also operated a company independently for several years, and his management experience and technical background are quite outstanding.

Selena is not only a Harvard MBA, but she also worked in a large company for a long time before coming to Harvard. She has high-level international accounting qualifications and is very familiar with the company's financial work. She is also qualified to be the company's financial director.

As for the publicity director Susanna, a top student from MIT, he is still a host of MIT campus TV. His major and past experience are considered a match for media publicity and promotion.

Although Duke, CTO, is young, has applied for a number of international core patent inventions. It has successively initiated and established two companies, SAL and Mi, and are now developing very rapidly. Both companies are known for their unique technological advantages. SAL is undoubtedly the most advanced company with voice recognition technology today.

The Mi company established now is obviously the top level in the industry in terms of artificial intelligence and brain wave pattern recognition. No one among the judges here can find a second brain wave mind power product company that can be compared with mi.

Duke's professional papers have been published in authoritative journals, among which the speech recognition technology paper has aroused a great response from the industry. According to Boer, who is qualified to select the Turing Award, Duke has entered the shortlist for next year's Turing Award with this breakthrough achievement in speech recognition.

Therefore, Shu Ya made a strong recommendation for Duke, the soul of Mi Company.

"As for myself, I am from Harvard University, as well as Selena, we are roommates, which is also one of the important factors that we can walk together." Shu Ya briefly introduced herself. It can be said that her resume is the weakest among these people, so she simply mentioned herself, which was both humble and cleverly covered up this weakness.

"Doctor Duke is also a CTO of SAL?" The VC judges couldn't help but ask in surprise. Now that SAL's sala voice input method has been launched in English, the popularization of the European and American input method markets is very fast. Since exceeding 100 million downloads in June, the entire market has begun to grow explosively, and by September it has exceeded 500 million downloads.

No venture capital company that believes that it is qualified to interfere will sit idly by. Almost all larger venture capital companies have begun to seize the time to conduct in-depth research on this young Chinese company. We hope to get a share of the future A round of venture capital.

Now basically no venture capital company will invest in sal company alone. Because the valuation of sal company is too high, for venture capital investors, the amount of money invested now will be quite huge.

Optimistic venture capital companies have already regarded SAL as the most promising company since Facebook. The valuation of the A-round Venture Capital gave an amazing offer of $10 billion. With such a high valuation, the A-round investment will be calculated in billions of dollars. This is not something a company can eat alone. Everyone needs to form a joint investment team to invest.

Of course, these are just the plans of venture capitalists. The Saal company, which has extremely abundant cash flow, is now on the fast track under the leadership of Cai Siqiang. Although Cai Siqiang is very cooperative in the research of venture capitalists, he always politely declines when it comes to investment.

The valuation of $10 billion did not knock this CEO that was gradually growing.

So, when this venture capital representative heard that Duke is also a CTO of Saal, he was quite surprised.

Although the list of mi company's team members is briefly introduced in the business plan, how could these venture capital judges think that SAL, a CTO, which is so popular, will start a new career in the United States? Even if some people see that the CTO name of Mi company is the same as that of SAL company, they think it is just a duplicate name.

After all, venture capitalists were not very optimistic about the Mi Company project before, and it can be clearly seen from the market score of only more than 80 points.

But since Duke is the legendary genius, this is impressive for Mi Company.

"Yes." Shu Ya replied with a smile. Seeing that the judges finally started to get a little turbulent, Shu Ya felt relieved. It seemed that Duke had become the bombshell of this round of victory.

"Thank you, I have no problem." The VC firm judges were very graceful and nodded to Shu Ya. In the competition, this attitude was quite friendly, because for him, the angel-like beautiful ceo in front of him will soon be the God of Wealth that he needs to strive for. Therefore, the VC firm judges did not realize it as judges, but instead focused their attention after the competition.

Perhaps in his opinion, Mi Company does not really value this competition. After all, Mi Company now has top talents worth billions of dollars like Duke. Whether this competition is successful or failed, it is no harm to Mi Company.

Representatives of the three venture capital companies accounted for almost half of the judges of this competition. They had no problems. The remaining experts, professors and judges asked routinely about marketing and financial issues in the entrepreneurial plan from an academic perspective. Shu Ya was already familiar with these questions and naturally answered them with ease.

The marketing plan was developed by Susanna.comi. This time, through the charity event for paralyzing children, the marketing planning of www.piaotian.comi has been tested by the market and has achieved great success.

Therefore, Shuya's clear answer to the marketing question of this Mi Company is like showing everyone a successful marketing case, which makes this professor from a famous business school in the United States very appreciate. "Very good planning," the professor finally said, "I hope you can sort it out into a marketing case. I think this should become a classic case in marketing teaching. Perhaps this case will be cited in my teaching in the future."

The judges' preference for Mi Company has made Mi Company feel pressureless through the second round of the competition.

The third round of the game was even more of a piece of cake for Shuya and Susanna who often participated in debate competitions. So, when Duke held up a million dollar check and stood on the podium, he didn't feel much in his heart. Today's game seemed to be the stage for Shuya and Susanna to show their charm.

Duke is just a silent green leaf from beginning to end. However, although Duke didn't say a word, he just sat there and was already the key to winning. After today's live broadcast of the game, it is estimated that few people in the U.S. IT industry are not aware of Duke, a new genius.

(Continue to ask for collection. By the way, I have really not collected it recently. Everyone has passed by. Click "Add to bookmark" on the right. It's really easy and environmentally friendly. Thank you)
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