Chapter 86: Classic betting agreement

Mr. Sun Jiang said, "Everyone listen to me first. I talked with Xiao Ming. I know that the translation dog is not interested in a large amount of cash at this stage. According to the current development of the translation dog, they will not lack financing funds in the capital market."
The directors nodded, indeed, an excellent Internet company does not lack funds.
In this era of burning money, some Internet companies without any technical content can only generate tens of billions or even billions of dollars, such as a shopping network, a short video app, and so on. Besides, a family has a relatively monopoly Technology Translation Dog Company.
Sun Jiang went on to say: "We do n’t speak Translator Translation. In the future, English and Japanese will have a monopoly in more languages, but Translator Translation is not in line with our Warwick technology positioning, and we do n’t need too much. Attention. What we are concerned about is Ozawa, a voice assistant that relies on the translator language database and neurological thinking. "
Mr. Sun Jiang said, "Ozawa is currently only a smart voice assistant. In the future, it can fit the smart chips created by Warwick to further develop and have great potential in the future."
Sun Jiang said: "My proposed gambling agreement is that Warwick registered a shell voice assistant company, and Transgou and Warwick each invested 500 yuan, each owning half of the company's 500 shares, and one yuan. The company has the sole right to use Ozawa Voice Assistant.
Subsequently, Warwick injected capital into the company to expand its share capital to 100 million shares, divided into 30 million shares of 1 class A shares with 10 voting rights and 70 million shares of 1 class B shares with 1 vote. The previous 1,000 shares were classified as A shares It is calculated that the capital for expansion will be provided by Warwick. After the expansion, Warwick owns 500 Class A shares and 70 million Class B shares. Egou owns 30 million and 5000 Class A shares. "
As Sun Jiang said, the directors kept records in their notebooks.
那么 "At this time, Warwick has 70% of the equity of the new company and 18.92% of the voting rights, and Egou has 30% of the equity and 81.08% of the voting rights."
The directors nodded and already knew what Sun Jiang was going to say.
"We will agree with Yigou. If this voice company's profit reaches 300 million in two years and the company's valuation reaches 2 billion, the A-shares in Yigou's hands will be converted into B-shares at a ratio of 1 to 10. The translation dog will own 81% of the company's equity and voting rights. Warwick will own 19% of the company's equity and voting rights. This 19% of the shares, Warwick will use the valuation to deduct the original 100 million yuan in cash to purchase Yes. "
"If the translation dog fails to reach a gambling agreement, then the translation dog will be out, and all the A and B shares held by the translation dog will be owned by Warwick, and Warwick will have all the technology and use rights of the voice assistant."
Some directors put forward different opinions and said: "This kind of gambling agreement will not necessarily accept the translation dog. The financing conditions for translation dogs by other institutions may be much simpler. The translation dog can get a good amount of funds at one time, not a future. Expected equity in the company. "
"I will talk about this issue below." Sun Jiang was born as a venture capitalist. He had already held positions in a number of venture capital companies before joining Warwick. He is too familiar with the conditions that investment companies will offer to Transdog.
Mr. Sun Jiang said, "At present, we only know about Ozawa Voice. Even if other financing companies have a fancy for Ego Dog, they still prefer Ego Dog translation instead of Ozawa Voice. This is one of them."
"Second, if the financing company wants to invest, what is the demand? Shares! They will definitely require the shares of Transgou. They will exchange funds for the shares, and I just said that Transgoo is different from other startups. It lacks funds, but it is not short of tens of millions or billions, so Xiao Ming will not sell shares in the early stage of the company because of funds. Xiao Ming is not an aggressive investor. He also created a translator for translation without a big goal. Feelings of free development are in it. Moreover, I think Xiao Ming's future energy will be mainly in the academic studies of the university, not the company. How many companies have you seen that have a valuation of 10 million and only have three employees? I have seen this. . "
The director asked: "So why did Transgo cooperate with Warwick, since TransGo has no shortage of funds, then there is no chance for Transwar to cooperate! TransGo also proposed that Warwick purchases voice components by purchasing."
Sun Jiang agreed with the director and said, "This is the third point I want to make."
Sun Jiang paced back and forth on the rostrum, saying, "What can Warwick do for TransDog? In addition to the initial funds, there is a broad market and a stage for the future. If TransDogo separately releases the voice assistant as a plug-in to third parties In the download market, what do you think of the reactions of mobile phone vendors? "
Someone said, "It shouldn't be particularly welcome."
Sun Jiang said: "Yes! I believe that companies including Warwick will not like a third-party voice software that is more powerful than their own voice, then these mobile phone manufacturers will take two approaches. One is like us and the translation dog To cooperate; one is that each phone manufacturer bans the translation dog by default and does not support the use of third-party voice assistants on the phone, even if we all know the truth is with the translation dog. "
Director Wu added: "Haha, this is a capital market, not a truth market."
"There are many ways to block. Once you install a voice assistant phone, you won't get stuck ~ EbookFREE.me ~ That's how everyone treated third-party desktop software."
Sun Jiang explained with a smile: "Yes! But what about cooperating with Warwick? The newly established voice company will run independently. Warwick will choose to purchase or not purchase voice assistants according to its own needs. If it wants to purchase, it will follow the voice company's charging principle. Voice companies can even sell voice assistants to Xiaomi and Apple. Warwick's annual mobile phone shipments reach 200 million, and high-end mobile phone shipments exceed 10 million. Xiao Ming will like this market. Moreover, Warwick did not indicate We are investing in the future of the company's shares, and we are investing in the future and expectations. "
"If the translation dog fails to gamble, we lose only the voice assistant instead of the entire translation dog. We can win and win all the rights to use Ozawa Voice. If Warwick loses the bet, then a great company in the future will have Warwick. Owner's equity is also in the company's interest, and Ozawa Voice Assistant can also participate in Warwick's future AI plan. I think every director has certain expectations about what changes Ozawa Voice can bring to Warwick. "
After Sun Jiang's speech was over, the directors at the scene gave warm applause.
Sun Jiang persuaded everyone and the directors nodded.
"This is a win-win agreement!"
"Now the homogeneity of mobile phones is serious. With the help of voice assistants, we can not only stabilize the domestic market, but also compete with Samsung and Apple in overseas markets."
"we agree!"
"I agree!"
The directors voted to pass the betting plan.
The task of Sun Jiang is to convince Xiao Ming to accept the betting plan!
Qijiang City, Guangyao Building.
For the first time, Xiao Xiaoming felt the Internet's rapid money-making effect, and also felt the cruelty of the Internet.
Longyou zoomed in.