My Age of Investment

  Chapter 415 Cloud Computing (seeking monthly ticket)

The due diligence process of   Workday (working days, working hours) is finally over. The second VC fund under Vision Capital, Rainwater Fund, allocated 15 million US dollars of equity investment funds in accordance with the investment agreement.

  At the same time, Envision Capital also held a small financing press conference with Gongshi Company in a high-end hotel in Pleasanton, and invited many prospective corporate clients and reporters of Gongshi Company to attend the conference.

  Before the business was successful and the funds were completely abundant, Xia Jingxing always did not like extravagance.

  At present, the company has not officially launched the first enterprise-level product, and the road to entrepreneurship has not even taken the first step.

  Xia Jingxing believes that we should be frugal and put more funds and energy on product development.

However, the chairman of the company, Duffield insisted that their company is being suppressed by Oracle at the moment, internal morale is low, and customers have little confidence in their company. It is very necessary for an uplifting financing press conference to boost their morale and at the same time give Potential partners and customers have some confidence.

  Seeing the other party’s statement was justified and well-founded, Xia Jingxing no longer objected. In the final analysis, how to use the money after it was invested in the company is the business of the invested company.

  Their investment institutions only need to supervise the equity investment funds and not be embezzled for private use.

  On the day of the press conference, Lin Yaocheng also came from China specially.

  I saw Xia Jingxing and his party at the entrance of the hotel, and Lin Yaocheng, wearing a formal suit, greeted him quickly.

   "Jingxing, I haven't seen you for more than two years, you are still so handsome!"

  Lin Yaocheng is very good at talking. He came up with a flattery and patted Xia Jingxing on the shoulder affectionately.

  Xia Jingxing exchanged a few words with each other, and walked side by side to the hotel.

  After chatting with the other party for a few words while walking, Xia Jingxing asked, “By the way, did the working hours company settle the remuneration to you?”

   "It's closed."

  Lin Yaocheng smiled and nodded. His intermediary business is very simple, and it takes almost no effort to get it done. The reward is also very expensive, a full 500,000 U.S. dollars.

  Xia Jingxing saw Lin Yaocheng’s brilliant smile, and her heart moved: "You have not been in the country for a short time. Do you have any good projects for me?"

  Lin Yaocheng took a surprised look at Xia Jingxing, and quickly reacted, and nodded with a smile: “I’ll sort out a list for you when I look back. You’re absolutely satisfied with it.”

  Xia Jingxing smiled slightly. He now wants to add some peripheral ears and eyes. Seeing that Lin Yaocheng is interested in this kind of pimping, he wants to use the other party for his own use and help Envision Capital find projects.

  Of course, Lin Yaocheng only has the right to recommend projects, and the decision-making power is still determined by their vision capital.

  Walking into the hotel, Xia Jingxing shook hands with Duffield and Busri, the two founders of the company. After a few brief conversations, they walked to the stage together.

  Many people came to the scene, Xia Jingxing had a rough look, there should be one or two hundred people.

  There were several chairs on the stage, and Xia Jingxing, Ricky and the two founders sat down next to each other.

  After Duffield briefly said a few words about the company and the industry, everyone began to accept questions from the audience.

  When all the processes were completed and the financing press conference was over, Xia Jingxing had lunch with Duffield and Busri.

  At the table, Xia Jingxing threw out the concept of cloud computing, and hoped that the two would lead the company to develop in this field.

The concept of cloud computing will not be proposed by Amazon and Google until next year.

  The concept at this time is still very abstract, and there are no actual cases that are too concrete in reality, and Duffield and Busri are also a little dizzy.

  "Dalun, if you want to develop in the direction of cloud computing as you mentioned, having a large number of enterprise customers is the most necessary foundation, right?"

  Although Duffield is nearly 70 years old, he has been active in the front line of technology, and his understanding ability is not bad.

   "Yes, this is an infrastructure that sells computing resources like water and electricity, and corporate customers can obtain them at any time, use them on demand, expand at any time, and pay for use..."

  Xia Jingxing explained to the two again, this time along the SaaS product they wanted to build.

  Busri reacted, "This is a bit overlapped with the first human resources software we are developing?"

  Xia Jingxing smiles, not only overlaps, but it is exactly the same, good or not.

  Cloud computing is mainly divided into three service modes, and the division of these three layers is mainly based on the perspective of user experience.

  SaaS software as a service, providing applications as a service to customers;

  PaaS platform as a service, providing the development platform as a service to users;

  LaaS infrastructure as a service, providing virtual machines or other resources as services to users.

  Working hours company belongs to the first type of SaaS service that specializes in providing services such as human resource applications and financial management applications.

   And big companies like Ari, Google, and Amazon provide all three services.

   can be understood as the difference between the whole platform and the vertical segmentation field.

  Xia Jingxing replied: “The first product concept that the company is currently building is very good. Following this path, it will inevitably occupy a place in the SaaS segment.

  Just, there are a few things you need to pay attention to..."

  Xia Jingxing, who was a programmer, has a half-bucket of knowledge about cloud computing. He didn't study hard, and all he understood was just a trivial matter.

  He has seen the first human resources product being developed by the company. There is basically no problem, but there are some minor problems in some details.

  At this time, he made a few words and asked Duffield and Brismouth to start. So, can you still play like this?

   Then the two were a little bit dubious. After all, these improvements proposed by Xia Jingxing have not been verified, and it is not certain whether they are effective.

   "You can try to explore one or two in the direction I said, maybe there will be unexpected gains."

  Xia Jingxing does not say much, after all, things like cloud computing are not as creative and functional as websites, but involve a lot of technical things.

  He can't contribute much by himself. This is a technology-intensive industry.

  At the same time, the most important thing is that customers need to be guinea pigs, and make corresponding improvements based on customer feedback after the product is released, so as to continuously improve and polish the product.

  The reason for the cloud computing launched by Ari and Amazon is that there are many sellers on the platform, enough experimentation mice, and many kinds of feedback.

  This is very beneficial for research and development.

   Facebook, a company that mainly serves C-side individuals, engages in cloud computing. Compared with B-side companies, it is inherently disadvantaged.

  "Okay, Darren, thank you for your suggestion. Regardless of the final result, the company will remember the help of Envision Capital to us."

  Dufield smiled and picked up the wine glass. The old man’s partner Brice also hurriedly followed and raised the wine glass. The two met Xia Jingxing together.

  Xia Jingxing nodded, this can be regarded as his empowerment to the invested company.

   "Haha, Darren, I understand why you want to invest in us."

  Through today’s conversation, Duffield vaguely saw the bright future of the working hours company, a track on which they were allowed to ride.

  He believes that Xia Jingxing saw the gold mine hidden under this track, and invested in a start-up company that hadn't even officially launched the product at a valuation of 150 million US dollars.

  The only thing he regrets is that maybe he insisted on it at the beginning, maybe he could be sold at a post-investment valuation of 200 million US dollars.

  I immediately thought that the information Xia Jingxing told him today is worth more than 200 million US dollars.

  Actually, what Xia Jingxing said is not terrific. It just cleared the haze of the road ahead and strengthened the confidence of the two founders to succeed.

  Xia Jingxing smiled and said: “It’s still a long way from success. Customers are the key.

  There is an old saying in China, "It is difficult for a clever woman to cook without rice"..."

  Xia Jingxing briefly explained the allusion, and then said in a little more emphasis: "Improve the product, expand the number of users, and kill Oracle."

   "I like the last sentence!"

  Dufield raised his eyebrows, raised his glass and gestured to Xia Jingxing, and drank it all.

  (End of this chapter)