Investor That Can See The Future

Chapter 39

Business continued.

“After the paid conversion, we will start producing our own content with the profits. We plan to expand the scope of VR content production by collaborating with various production companies.”

VR (Virtual Reality) is attracting attention as a next-generation video technology. Various VR devices have been released, but there are still not enough contents to enjoy.

Experts predict that pornography will make a decisive contribution to the spread and popularization of VR in the future, and global investment companies predict that the VR porn market will grow to $1.5 billion within a few years.

Taehyung’s eyes widened.

“What is VR porn?”

“It’s virtual reality.”

It is still possible to watch a video while wearing a VR device on your face. In addition to this, experts in each field are conducting various studies to feel the real sense of smell and touch.

Hyunjoo noona pressed her forehead with her fingers to see if his head hurt.

“I studied everything and sat down…”

As Taek-gyu continued to show interest, Gerrard started talking with excitement.

“Porn will become more than just watching and enjoying. Unlike existing porn, VR porn is overwhelming with a vivid sense of presence.”

Taek-gyu couldn’t help but be amazed.

“How did you come up with such a thing? Did you learn at Stanford?”

“What······.”

I don’t know where I learned it, but it’s true that Stanford has produced outstanding talent. I hope that in the future the two of them will succeed and give a lecture on the porn industry at their alma mater.

“This is great. is not it?”

Hyunjoo noona looked at me. He looks like he’s asking if Taek-gyu’s words are correct.

“·················ogue.”

That’s true, but it’s hard to say.

Hyunjoo noona let out a sigh of relief.

“The first company I invested in was such a place.”

An hour later, another meeting is scheduled.

Today alone, we will meet three teams. Having met one team, now there are two teams left.

During a break, Ellie looked at the plan on her tablet. It seemed like he was thinking that he should at least know what a startup he is doing and meet him.

Similarly, Hyun-joo’s older sister, who was looking at the plan, said:

“This time in the pizza business. What kind of pizza startup do you have?”

I remember.

When I first read the plan, I had the same thoughts.

“It’s not your typical pizza company. They make innovative pizzas that will completely change the concept of pizza.”

Taek-gyu asked.

“What innovation are you making on pizza?”

“You will know when we meet.”

* * *

Milo, who works for an IT company, and Max, who runs a restaurant, were friends. The two often met at Milo’s house to play games and drink.

Then I was hungry and ordered a pizza.

The pizza that was supposed to arrive in 30 minutes didn’t come after 45 minutes. An hour after ordering, the pizza finally arrived.

The pizza had cooled, the cheese hardened, and even the oil spilled onto the paper floor. Both of them grew annoyed. Because this wasn’t the first time this happened.

“Why is there such an alternative delivery pizza?”

Max comforted the grumbling Milo.

“Pizza tastes best when it is originally freshly baked. It is unavoidable that if it cools during delivery, the texture will deteriorate. So to get a decent pizza, you have to go to the store and eat it.”

“Can’t you make it cold while delivering it?”

Max said jokingly.

“Just like a food truck, you can put an oven in the delivery car and drive while baking.”

“Hey, what nonsense… Wait, why didn’t I think of that?”

“What do you think?”

“I make and deliver pizza, so it takes a long time and the pizza gets cold, doesn’t it? If you make while delivering, you save time and get freshly baked pizzas right away.”

From then on, the two put their heads together and pondered.

The automation system due to the development of robot technology was also affecting the food service industry. Robots that cook when a recipe is input and a robot that cooks a bartender have already been commercialized.

For pizza, people do all the work of spreading the dough, sprinkling the sauce, putting the toppings on it, and putting it into the oven.

Can’t we reduce time and labor costs by introducing robots here?(Read more @ wuxiax.com)

Then, the unglazed pizza is loaded onto a delivery truck and baked again in the oven right before arrival, and delivered to the customer.

In a way, it wasn’t a great idea. It’s just a quicker, slightly warmer pizza delivery.

But the two saw great potential there.

The two experimented at Max’s restaurant. It was unreasonable to introduce an automated facility right away, so we started by remodeling the truck and installing an oven.

Customers who received hot pizza freshly baked at home showed great satisfaction, which led to reorders.

Convinced that it was going to work, Milo resigned from the company, and Max turned the restaurant into a pizzeria.

The name of the restaurant was named M Pizza, after the first spelling of their names.

In fact, it is inefficient for a truck loaded with ovens to go back and forth to deliver a pizza. In order to make a profit, we had to build a certain size or more.

While Max ran the store, Milo made plans, carried a portfolio, and looked for investors.

He met investors and persuaded them hard.

How fresh and hot pizzas American consumers want, and how they reacted when they actually delivered them.

However, the reaction of investors was lukewarm. Needless to say, pizza was saturated enough in the US market.

Traditionally strong players such as Dice Pizza, Mama Jones, and Pizza Hot have already been established, and numerous new companies have been created every year.

There are a lot of other good business items, so do you really need to invest in the old-fashioned item of pizza?

Milo, who was returning home after being rejected by an investor again, received an e-mail. The content of the email sent from Golden Gate was that a Korean investor was willing to invest.

Milo immediately got on the plane to Korea.

* * *

We listened to Milo’s presentation in the meeting room. Because Max had to take charge of the store, Milo came to Korea alone.

Hyunjoo noona asked a few questions, and Milo answered them eagerly.

The core of the business was simple.

1. A robot makes pizza except for essential parts.

2. During delivery, just before arrival, bake it again in the oven and deliver it to the customer at the optimum temperature.

3. Predict the order volume by analyzing various data and plan an efficient delivery route.

4. Costs saved by automation are invested in materials.

Currently, the size of the US pizza market is about 40 billion dollars. Three companies, Dice Pizza, Pizza Hot, and Mama Jones, occupy the majority of this market.

So even though the idea was good, it didn’t get the investment.

Hyunjoo noona looked at me and asked.

“What do you think?”

“Your sister?”

“The market itself is saturated, and the barriers for large franchises are too high. In order to break through that gap, we need to differentiate ourselves from other companies, wouldn’t it be difficult to just shorten the delivery time and bake in the oven during delivery?”

Then Taek-gyu, who was quietly listening, said:

“It’s a big business.”