Chapter 354 [There is a lot of room for imagination in the future]

Getting Fanghong's 10 million angel round investment is a new situation for Chu Changxing's team. This is not only for Kunpeng Technology to survive, but also for the support of many other intangible resources from the funder's father. .

Fang Hong decided to invest in Kunpeng Technology, and now has 45% of the equity. In the future, refinancing will definitely increase the equity share.

The support that should be given to Kunpeng Technology will definitely not be stingy. After all, the company's development is in the interests of the sponsor's father, so Kunpeng Technology will definitely give preference to the relevant resources that Kunpeng Technology needs.

For example, when the company moves to a new city, the financial support father will come forward to achieve a better and faster implementation; for example, the financial support father will also help in the establishment of the company's management structure, giving corresponding support to build the company's skeleton as soon as possible; Such as the search for office space, the recruitment of talents and so on.

After receiving 10 million investment from Fang Hong, Kunpeng Technology's original difficulty of starting in hell has suddenly entered a dream stage. Many things that would have caused Chu Changxing and the three of them to run around running errands can be easily solved, and more Focus on R\u0026D and innovation to improve the core technology and competitiveness of products.

The core competitiveness of technology companies is of course technological innovation, but it can only be achieved by combining many other factors to make a company stronger and bigger.

...

Quiet Villa.

The three of Chu Changxing left here, but the prototype they brought remained. Fang Hong wanted to take a closer look at the prototype of Kunpeng Technology, and Chu Changxing also readily gave it to the benefactor's father.

At this moment, Fang Hong was continuing to fly the prototype outside the villa, and Tian Jiayi, who had returned from the company, was standing beside him now.

"It's really good. It's not inferior to DJI at all. This product is already very complete. It just needs to be mass-produced and put on the market." Fang Hong nodded and commented.

This first-generation Kunpeng drone has many features. First, it is easy to install. The innovative built-in shock-absorbing design does not require additional external frames or shock-absorbing pads. It can be simply pasted on the fuselage, which not only greatly reduces the size , reduces the weight, and simplifies the installation process, and users can also have more installation options.

There are also multiple flight control modes for intelligent switching. This prototype provides four control modes, namely GPS cruise mode, GPS attitude mode, attitude mode and manual mode.

You can freely and quickly switch between these four modes to adapt to various flight environments, even in special environments such as buildings with poor GPS signals, valleys, and the bottom of bridges. The system will also judge the changes in the flight environment and make a decision. Smart flight mode switching.

For example, when the GPS signal is intermittent when crossing a bridge hole, the system will automatically switch between GPS flight mode and attitude mode to ensure flight stability and safety.

In addition, precise positioning and hovering, high control accuracy, intelligent out-of-control protection or automatic return function, built-in gimbal stabilization system, etc.

After a while, the prototype returned automatically. Fang Hong looked at the beautiful assistant next to him and said with a smile, "With 10 million funds, I won 45% of Kunpeng Technology's shares. This time I have picked up a big treasure."

Kunpeng Technology’s first-generation product can completely compete with DJI’s first consumer-oriented product based on flight control technology, ACE ONE. However, DJI’s ACE ONE product has not yet been released, so there is no surprise. It should be released around October at the end of the year.

There is still about half a year to calculate, and it should be able to catch up. Kunpeng Technology has received 10 million funds from Fang Hong, and the prototype is already very complete. Now that it has financial support, it is time to launch it on the market in the fourth quarter of this year. In time.

Tian Jiayi, who was next to him, put her arms around her chest. She looked at Fang Hong and said, "As far as I know, the main flight control module can only be regarded as a very small market at best?"

"It's relatively small, but the market growth is expected to be sufficient, and there is a lot of room for imagination in the future." Fang Hong said with a smile: "This is not the key. The key is that the story Chu Changxing planned for Kunpeng Technology is very moving and convinced me. In the future, the consumer-level non-professional drone market will be the main focus, and according to him, Kunpeng Technology’s next-generation products are designed for simplicity and ease of use, and the retail price will be lowered to below 5,000 yuan.”

As he said that, Fang Hong looked at the beautiful assistant again and added: "He can really make this big cake real, and he will definitely be able to leverage the non-professional drone market, and it will be out of control. Don't say that you voted him 10 million, it is a Billions are worth the gamble."

Fang Hong has already read Chu Changxing's plan. According to his plan, Kunpeng Technology should systematically build all the elements needed to own a complete drone: software, propeller, bracket, gimbal and remote control. device etc.

His long-term plan has set the right path for the future development of commercial drones, which is why Fang Hong did not hesitate to invest money, because with the launch of Parrot by A.R. The complete rotor machine has also ushered in a blowout growth in the multi-rotor market. DJI also began to concentrate its firepower on the complete machine because it saw this opportunity.

And Chu Changxing set the goal of making a complete machine for Kunpeng's development plan early on. From this point of view, the forward-looking is even better than DJI.

It’s just that VC is not optimistic about Chu Changxing’s team. If Fang Hong hadn’t discovered it this time, Kunpeng Technology would have gone bankrupt and disappeared in obscurity, and Chu Changxing and others might have gone to work in DJI to make screws.

But it's different now. The angel round investment of 10 million from Fang Hong will definitely cause a storm in this industry.

At the end, Fang Hong walked into the room with the prototype, and at the same time said to the beautiful assistant: "You should prepare the contract with Kunpeng, send someone to sign it with Chu Changxing, and call him the money as soon as possible, and it will be fixed from my card." Do go there."

It is worth mentioning that Yu Qiu, the housekeeper, and Tian Jiayi, the personal assistant, knew about Fang Hong's personal assets and the account passwords of several bank cards.

Fang Hong himself has basically never touched money.

Hearing this, Tian Jiayi was puzzled and said: "Use your own name to invest in this project? Isn't Qunxing Capital involved?"

Fang Hong smiled calmly and said, "I'm looking for Shenla K to invest in, not Qunxing Capital. Let's put it under my personal name for now, it's equivalent to me making a PE equity investment."

The so-called PE equity investment refers to the equity investment in private companies and non-listed companies through private equity. In the implementation of the transaction, the future exit mechanism is considered, that is, through listing, mergers and acquisitions, or management buybacks. shares profit.

In the mainland, it can also be understood as buying the company's original stock and waiting for listing. In terms of exit mechanism, PE equity investment generally does not wait until the listing and sell off from the secondary market, but exits immediately after listing.

That is, on the eve of the listing, the equity in hand is directly packaged and sold to other investors, and the profit can be withdrawn directly in the primary market. As for the investors who take over the offer, such as institutional investors and public offering funds, they must go public if they want to make a profit Then withdraw from the secondary market and eat the premium of the secondary market.

Of course, those who do PE equity investment can also hold it until they are listed. If the stock price continues to rise after listing, they will definitely earn more. However, it will be a lot of trouble to withdraw from the secondary market. First, there is a limited sale period. Second, if the shareholding ratio exceeds 5%, an announcement must be made to reduce the shareholding.

After a while, Fang Hong added: "I will quit before the listing of Kunpeng Technology, package all the equity in my hand to Qunxing to take over, and complete the transfer from the individual to the company at a 30% discount on the fair market valuation of the current period."

At the current estimated price of 30% and resold to the company, it cannot be said that Fang Hong is harming the public and privately allowing the company's interests to be passed on to him personally. On the contrary, the company has picked up the bargain, and taking over at a 30% discount is equal to the nominal value at the moment of completion of the change of hands. Floating profit in place + 42.85% income.

However, even if he withdraws from the primary market with a 30% discount, with the valuation of Kunpeng Technology on the eve of its listing, it is not a problem for Fang Hong to make tens of billions of personal worth and withdraw. The expected rate of return on investment has reached more than a thousand times, isn't it just a big treasure?

Tian Jiayi nodded: "Well, I see."

...