Chapter 182 Venture Capital
Director Zeng’s letter of introduction is not long. He simply mentioned that since all levels of the country are cutting funds, including scientific research institutions under China Science and Technology Research, which have been affected by the cuts of funds, many staff members have nothing to do during the day, and can only drink tea, read books and newspapers to spend the whole day. After work, they make money by setting up stalls to support their families.
It has become a reality that people who sell tea eggs than those who engage in atomic bombs have become reality.
Therefore, many people from the Chinese Academy of Sciences have the idea of going into business and making a living by themselves.
Liu Lenovo is also one of the people who are preparing to go into business. In terms of scientific research level, Liu Lenovo has neither achieved nor had the ability. He is a salted fish that is waiting to die in scientific research institutions. However, compared with those capable academic masters, the only advantage of this salted fish may be that it is bold and has the courage to give up its own iron rice bowl, and bringing a group of people to go into business.
Originally, in history, Liu Lenovo first fooled Ni Guangnan into Lenovo's first pot of gold by fooling Ni Guangnan's franchise. Later, he became a second-hand dealer by agenting the products of ibm and making money effortlessly.
Liu Lenovo has undergone some changes now. He did not think about the Chinese agency rights of Hanka or ibm products, but instead tried to establish a relationship with new entrepreneurial electronic companies.
Lin Qi put the letter of introduction in the drawer and said, "I have read the letter from Director Zeng... If you technicians go to start a business in the long run, I don't agree with it. I will improve productivity through scientific research, obtain benefits and profits, and open source methods are the fundamental way to solve many problems."
Liu Lenovo nodded and said, "If it weren't for no way, a large number of technicians had nothing to do and wasted their time, who would go into the sea?"
"That's right!" Lin Qi said, "There is no result for the time being, so we can only reduce expenditure. A part of the wasted human resources have been revitalized. The personnel structure has been streamlined, and the per capita scientific research funding that remains has increased. It is beneficial for those who go out to do well."
When Liu Lenovo saw Lin Qi's tone, he said: "We had this idea and founded Beijing Computer New Technology Development Company (the predecessor of Lenovo Group). However, due to domestic policies, we hope to obtain investment from Hong Kong to solve the problem of funding for our business development, and to gain more business autonomy through the name of joint ventures."
"Business autonomy? It also means that China Science and Technology Research has shares?" Lin Qi said.
"Of course..." Liu Lenovo explained, "Although he went into business, if he broke off his equity relationship with the Chinese Academy of Sciences, without this background, there will be resistance to doing a lot of things."
He neither wants to be subject to system constraints nor enjoy the resources within the system. This Liu Lenovo is indeed a profiteer.
"Okay, the new entrepreneurial electronics company invests 3 million! It accounts for 50% of the shares. Do you think there is any problem?" Lin Qi said, "With this investment, your company is a veritable joint venture. How many shares are the Chinese Academy of Sciences and how many shares are your founders? After the discussion is made, the funds will be transferred to the account. I won't care about the business issues, but we will send someone to manage the finances. Do you have any opinions?"
Liu Lenovo is a typical trendsetter in this era. Due to his own vision and ideals, he cannot become Jobs.
Jobs is different from knowing how to write code and his technical level is poor. But Jobs has ideals and is also using means to fool the great people into joining, but Jobs keeps making one subversive product after another.
But Lin Qi did not underestimate Liu Lenovo!
Among the dozens of technology companies controlled by the Chinese Academy of Sciences, the company founded by Liu Lenovo does not invest the most funds and resources, but it has the highest return rate to the Chinese Academy of Sciences. You can know that from the perspective of venture capital return, Lenovo must invest.
If we follow the historical development trend, if we invest in Lenovo for one dollar now, we can buy a house in a fourth-tier city in decades. Lin Qi will not be unable to get along with the money, so why not invest? Of course, we have to invest, and we have to be a major shareholder!
"No!" Liu Lenovo was overjoyed, with an investment of 3 million yuan! You should know that Liu Lenovo's goal during this period was to strive to become a "big company" with a scale of 1 million yuan.
Originally, the Chinese Academy of Sciences was the major shareholder of Lenovo, but the proportion of equity it now holds is definitely not as good as that of Xinchuang Electronics. As for Liu Lenovo and others, although they own equity, the equity ratio will not be too much. Before going public, the founders such as Liu Lenovo could reach about 3 to 4%. After multiple rounds of financing and listing, they will only account for 1% of the equity at the very beginning. Therefore, when Liu Lenovo and others were asked to do it in the early stage, if they had no prospects, then Lin Qi would replace a group of people with technology and ideals to take over. Historically, Lenovo has never lacked teams with technology and ideals, but the problem is that many independent research and development projects that were originally done well were not killed by market competitors, but by Lenovo's senior management. Lin Qi would definitely not let this happen to such a strange thing. If there is a conflict between Lenovo's senior management and independent research and development projects, Lin Qi would definitely cut off the senior management rather than the technical research and development team.
...
Beijing Computer New Technology Development Company (the predecessor of Lenovo) in this era was still registered and established in early 1984. However, due to the interference of new entrepreneurial electronics, Lenovo's development has a huge difference from history.
In 1984, Lenovo became the largest microcomputer sales company in China by agents of Pangu hosts under Xinchuangwen Electronics. In 1985, Lenovo was commissioned to develop a printer supporting Pangu computers. By 1987, Lenovo printers were mass-produced and launched. Lenovo printers with a price of less than 5,000 yuan swept the domestic market. With cheap and high-performance Pangu computers, they could not find any competitors in China. In the early 1990s, Lenovo entered the Pangu compatible machine market and officially sold Lenovo brand computers because, during that period, New Chuangwen Electronics mainly focused on core technologies such as CPU and operating systems. As for accessories such as motherboards, memory, hard disks, and optical drives, they gradually opened up technical standards and allowed manufacturers in the entire market to make compatible machines.
IBM opens the PC standard too early, and the core technical standards such as CPU and operating systems are not in its hands. So much so that companies such as Microsoft and Intel later made the most profits in the PC era.
Pangu computers are the opposite. At the beginning, they did not open the production authorization of whole-machine manufacturers. Throughout the 1980s, the dominance of its technical standards was controlled by the new entrepreneurial electronic companies themselves. Of course, accessories such as memory, graphics cards, hard disks, optical drives, monitors, mouse and keyboards were technically open to the outside world.
Chapter completed!