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Chapter 48 Business Plan

The two of them received replies to their study abroad applications some time ago, and they were all approved. Li Jie went to Haas School of Business, and Su Mingyu got her wish of admission to Stanford Business School.

Stanford University is located in Palo Alto, southern San Francisco Bay Area, California, and Haas School of Business is also located in the San Francisco Bay Area, but it is located in Berkeley. Although the two schools are not in the same city, they are only less than 50 miles apart.

Converted to kilometers, it's about 70 kilometers, and you can get there in an hour's drive.

Before going abroad, Li Jie had entrusted a good person to rent a house near Stanford University. The famous Silicon Valley is here, which has also caused the housing prices nearby to rise. The monthly rent for an ordinary townhouse rented by Li Jie is about 5,000 knives. Stanford

Rental prices around universities are the second most expensive among universities in the United States, mainly because of Silicon Valley.

However, the money is nothing to Li Jie, but it will take an hour to drive to school every day. Li Jie plans to hang out for a while and see. He mainly relies on self-study to learn things, so he did not choose a school.

The middle position is mainly because Stanford University is adjacent to Silicon Valley.

World-renowned companies such as Google, Facebook, Intel, Cisco, Apple, Nvidia, Oracle, and Yahoo are all located in Silicon Valley. This is the kingdom of the electronics and computer industries. Venture capital in the region accounts for one-third of the total venture capital in the United States.

One, at the same time, a large number of Internet upstarts are born here every year.

Li Jie has no plans to stay in the United States permanently, but the time spent studying abroad cannot be wasted. He has already chosen a project, an application that will become popular in the United States in the future, Snapchat, which will burn after reading.

The main function of Snapchat is that all photos have a life span of 1 to 10 seconds. After users take photos and send them to friends, these photos will be automatically destroyed on time according to the time preset by the user, and if the recipient is in

If any attempt is made to take a screenshot during this period, the user will be notified.

The fundamental reason why the app that burns after reading has a single function but is so popular is that it captures people's desire to share some sensitive content but does not want to be restrained.

Leave traces on the Internet and reduce the stress and tension caused by content being permanently recorded.

The main reason why Li Jie chose this APP is that Internet companies appreciate quickly and can cash out easily. Financing is inevitable for Internet companies to grow. Although they can use their own money, financing is not just for raising funds.

Or for the resources behind the investors, it is difficult to stand out from the crowd of competitors if you work alone. Sometimes, if you give up some profits appropriately, you will gain more.

In the main world, this application was developed by two students from Stanford University. They did not have sufficient funds in the early stages of starting their business, and their seed round financing was only US$500,000.

Generally, venture capital can be divided into seed round, angel round, A, B, C, D... PE all the way to IPO, IPO is listing, P. These financing rounds are not necessarily strictly incremental, and some rounds of financing may be skipped.

.

For example, some well-funded entrepreneurs will directly skip the seed round and angel round and start PRE-A directly. PRE-A round financing means that the funds do not meet the industry's A round standards but the financing amount is larger than the angel round.

The fact that these two students directly received seed round financing when they started their business can only mean that they have no money or that they are just playing for fun and want to give it a try. Anyway, they are using investors’ money and it is not

If you lose your own money, you will lose. Generally, entrepreneurs with relatively strong financial strength will not take the seed round, because the seed round takes less money but sells a lot of shares.

Li Jie no longer has such worries. Today, he is worth over one billion, most of which came from the financial crisis. Although most of the money was invested in the financial market, the remaining tens of millions are enough for him.

To maintain a start-up, the subsequent money spent is the investor's money. He will choose to cash out part of his shares at the appropriate time, and then quietly wait for the company's IPO.

He is planning to find a partner in Silicon Valley for this project, because if he is the only founder, it will be inconvenient for him to cash out in the future. When investors see that you, the founder, are not optimistic about their project, they will try to cash out and leave.

Who dares to invest?

Not only that, this is also a compromise that has to be made. Although the United States is known as a free country, it is still quite xenophobic. If you want to truly break into this circle, a leader is indispensable. As for who Li Jie should be chosen, the specifics are not yet known.

After thinking about it, he still had to go to the site to observe a thing or two, but he had already thought about the company's CTO (chief technology officer) and asked Su Mingzhe to be the one.

After all, Su Mingzhe is a top student who graduated from Stanford. In the original work, in order to highlight the dramatic conflict, his professional abilities were deliberately suppressed. A Stanford graduate who has worked for ten years cannot earn an annual salary of US$120,000.

What Su Mingyu mentioned on the phone before was whether she should contact her eldest brother when she went to the United States. This question was raised by Li Jie. Su Mingyu must have wanted to meet her eldest brother. After all, Su Mingzhe was her spiritual idol when she was a student.

Li Jie is also planning to take this opportunity to contact Su Mingzhe and start Su Mingzhe's major transformation plan. Since Su Mingzhe can successfully graduate from Stanford, there must be no problem with his professional ability. In the original work, if he doesn't get along well, he may have to rely on his personality.

It was explained that transforming Su Mingzhe was one of the main purposes of Li Jie's country. Going to school and starting a business were just casual things. These were all part of the plan to save Su Mingyu.

Now Su Mingyu's character is much more cheerful than in the original work, but Li Jie knows that the knot in her heart has never been untied, and the Su family has always been a disease in her heart.

As soon as he entered the house, Li Jie smelled the fragrance coming from the kitchen: "Mingyu, I'm back!"

Su Mingyu's cooking skills were taught by Li Jie, and she still has some talent in cooking. She probably inherited three or four of Li Jie's skills, but she can only cook a few dishes.

Li Jie walked to the kitchen and helped serve the dishes while saying, "Mingyu, have you made up your mind?"

Su Mingyu nodded: "Well, think about it, you were right last time. Neither of us has been abroad after all. My eldest brother has stayed there for so many years and must know the local conditions better than we do."

Li Jie nodded with satisfaction. His efforts were not in vain. Su Mingzhe was an important figure in easing the internal conflicts of the Su family. Without his intervention, it would have been much more troublesome to untie the knot of the Su family.

After the meal, the two of them hugged on the sofa and watched a movie. Su Mingyu's whole body was hung up on Li Jie, and she stretched out her hands to scratch his waist. Li Jie patted her hand and looked down, with a hint of evil in the corner of his mouth.

laugh.

"Why? It's not even evening yet and you're so impatient?"


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