NIP #374 - Development on another front
#374 - Development on another front
Fifth Avenue, Manhattan.
The 58th floor of the famous Empire State Building.
Ma Zhiyuan could now afford to rent an office in this most famous commercial building.
The Vision company he founded, along with its 15-inch and 17-inch color televisions, had successfully entered the North American market of the great rogue eagle, becoming one of the top ten brands.
Annual sales had exceeded 500,000 units, with the 15-inch color TV priced at $700 and the 17-inch at $1200. For the average person in the rogue eagle, this was about two months' salary. It seemed expensive, but families could afford it. In contrast, a 15-inch black and white TV cost about $200 to $400, but the effect was vastly different from the color TVs Ma Zhiyuan brought from the mainland.
Vision, with its technological advantages, had firmly occupied the high-end TV market, because at this time, the main TVs were still black and white, and color TVs were still under research.
With this unique technology, and with the help of Mr. Chen, Ma Zhiyuan truly realized a rags-to-riches North American dream in the rogue eagle!
The entire process of his rise was very clear and worthy of strict scrutiny, with no black marks. Starting with $3,000 in seed money, he gradually speculated in several stocks given by Ren Zhong on Wall Street. In just over half a year, he achieved assets of $200,000 and began investing in televisions. Then, in another half year, he created a sample of a color TV in the laboratory.
He started a business and established Vision, raising $2 million in angel investment and $1 million in loans from Mr. Chen and his allies. After building the first production line factory, he directly took off with an advertisement for the "You Can See the Truth" series of samples, pre-selling 10,000 units!
Then, using the $5 million in advance payments, he built a production line and began his journey to wealth through technology.
This script was slightly different from the one designed by Ren Zhong, but it was equally brilliant. To date, only 20% of the equity has been released to Mr. Chen and his allies. The valuation of the angel round was as high as $10 million, in line with the principle of investing in acquaintances.
Then, within a year, he sold as many as 500,000 expensive color TVs, with sales of over $400 million and profits of over $100 million, suddenly becoming a new technology darling.
You must know that the dollar in this era was not yet decoupled from gold and was quite valuable. The average North American worker earned only a few hundred dollars a month.
So Ma Zhiyuan's start can be described as a dream. Since the TV was launched, there had been an endless stream of people wanting to invest. Considering that the pre-sales had solved most of the funding problems, Ma Zhiyuan had been dealing with various capitals in a perfunctory manner, preparing to talk about selling at a good price after scaling up.
People on Wall Street began to line up to see him.
"Boss, Richardson, the general manager of the Wall Street Trend Fund, is here," the enchanting secretary Linda reported as she wiggled her hips.
Since her boss was promoted to the ranks of billionaires, the married blonde beauty Linda couldn't stop admiring her boss.
It's just that Ma Zhiyuan came with his family, and Linda's hints and suggestions did not cause any fluctuations in Ma Zhiyuan, which was quite incompatible with the unrestrained atmosphere of the rogue eagle.
"Please invite him to the reception room," Ma Zhiyuan said calmly. The Trend Fund had an investment scale of $1 billion and was good at investing in technology stocks to obtain huge profits. It had always been known for investing in cutting-edge technologies.
Usually, a technology stock has the shadow of the Trend Fund before it is listed.
Based on the current business situation of Vision, it can basically consider going public directly in another year.
So for investment funds, this is a rare financial resource that is too high-quality.
"Mr. Richardson, welcome!" Ma Zhiyuan was much more enthusiastic this time to Richardson, who had come to visit for the third time.
"Mr. Ma, we meet again. I said, our Trend Fund is very sincere," the blue-eyed blonde Richardson did not have the condescending arrogance of the old white men. After all, the awe of money had been engraved into the bones of every capitalist on Wall Street.
"Thank you, Mr. Richardson, for valuing Vision. After more than a year of operation, I think everyone can see Vision's value very clearly now. We are now preparing to launch the IPO and share the future development of Vision with the public. We also need Mr. Richardson's valuable experience and the assistance of colleagues on Wall Street to jointly make Vision bigger and stronger," Ma Zhiyuan had been tempered for so long and was very clear about the rules of the game in the rogue eagle.
"Very good, Mr. Ma, our Trend Fund has always adhered to the tenet of serving customers and achieving win-win results in helping customers grow." Richardson couldn't help but be overjoyed when he heard that Vision was finally about to start financing.
Although the cost of entering now is completely different from the cost of entering in the early stage, as one of the most popular technology companies in the rogue eagle in the past year, he would not give up the opportunity to make a steady profit as long as he could get on the bus.
This is also the biggest motivation for him to continue to visit the thatched cottage three times despite being rejected twice. After all, no capitalist will disagree with money.
"Thank you, Mr. Richardson, for your understanding. Let's be frank today. Vision's sales and profits today are just the beginning. In the past few years, the global sales of black and white TVs have reached 40 million units. If Mr. Richardson has researched this industry, then he must know that this market has just begun. In the next 20 years, the growth of the TV market will be very broad, and it may even become a must-have product for every household. We not only master the technology of the TV terminal, but also began to involve the technology of back-end TV series production and broadcasting, and successfully developed a video recorder."
"What video recorder?" Richardson did not expect to have new gains today. He had no concept of the new technology proposed by Ma Zhiyuan.
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"Well, a video recording tool that families can use to record videos like filming a movie, and there is also a set of matching video recording tapes and players. We will give Mr. Richardson a demonstration of this brand-new home media technology later. We believe that it will become the best supporting product for future TVs," Ma Zhiyuan smiled slightly.
"We have reason to believe that the TV and its related industrial chain will become a huge industrial chain with sales of hundreds of billions of dollars in the next decade, and Vision will be the leader in this industrial chain."
"Hundreds of billions of dollars?" Richardson gasped. This was something he had never dared to think about. At this stage, apart from a few industries such as the automobile industry, the steel industry, and the petroleum industry, it is really difficult to find many others.
"Mr. Ma, if I remember correctly, the current total annual sales of TVs are less than 10 million units a year. Even if the sales volume can reach 10 million units, according to the current price of 200 to 400 US dollars for a 15-inch black and white TV, the total market size is only 3 billion US dollars. Adding the services of the TV industry, 5 billion US dollars a year is the limit. Is the hundreds of billions of dollars you said too exaggerated?"
Richardson really couldn't understand it.
Ma Zhiyuan didn't understand it originally, but Ren Zhong knew it well. Before Ma Zhiyuan went abroad, he had explained the industry prospects to him clearly.