Chapter 24: Difficulties in Starting a Business

Yao Kun chewed on Mr. Cao's words, alas, the spare tire is indeed a spare tire.

no……

It seems that my performance this year is just like this, not very good.

【bite! Host, please accept your punishment!

Your complaints caused Bianhe Semiconductor to fail to obtain US$4 million in investment.

The host's health will be deducted for 71 days and the host will be fined RMB 840,000.

Host, I specially used emergency rescue today. You finally got 89 days of health after completing the task.

What the hell are you doing!

This slot takes you back to before liberation! 】The system is angry.

Cao Shen didn't have time to chat with the system at the moment, because Liu Jun, who was highly skilled in driving, had already come down to help move the car.

At first glance, he was about thirty-three or four years old, tall and thin, and very energetic.

Wearing a black sweater and no down jacket, she came running:

"Mr. Yao! Are you coming over to see the project today?"

"Hey, you know I often hang out here. Jun'er, let me introduce you to him. This is Cao Shen from Tongcao Technology, Mr. Cao." Yao Kun reached out and held Liu Jun's hand, patting him. He pulled his arm to Cao Shen.

Liu Jun turned around and looked at Cao Shen, his eyes brightened for a moment, he held Cao Shen's hand with both hands, and leaned forward:

"It turns out to be Mr. Cao! Hey, I've admired your name for a long time! I've admired your name for a long time!

I have studied your website and your compression technology is simply unmatched.

Are you free today? My company is in the building next to it. If you have time, I would like to ask you for advice.

I have discussed it many times with the company's technicians, but I still can't figure out how you achieve this extreme compression.

Please give me some advice. Don’t worry, I’m definitely not using your technical secrets.

I'm really curious. Can you please guide us in the general direction of technology and give us a way?

Is it an epoch-making new compression algorithm or a new optimization method? "

While talking, he couldn't help but sigh: "How did you do it? It's unbelievable. You're still so young. It's incredible. It's really incredible!"

Liu Jun's face turned a little red, and it could be seen that he was really excited about Tongcao Technology's technology.

When Cao Shen originally complained about Bianhe Semiconductor to Mr. Yao, he felt that the MIPS architecture could not create a climate, and Bianhe's future was worrying.

He was still puzzled just now as to why the system decided that Bian He would be successful in the future.

Although I still haven't figured out the technology and product path, looking at Liu Jun, if I just look at people, it is obviously too pleasing to the eye.

It's not because of Liu Jun's praise of him. Originally, his skills were not his own, so there's nothing to complain about.

It's Liu Jun's own keenness towards technology, his respectful attitude towards capable people, and his sincere desire for talent in his eyes.

He's not arrogant, he's down to earth.

Investment means investing in people. Cao Shen felt deeply about this sentence for the first time.

Of course, it was impossible for Mr. Cao to stay and talk to Liu Jun about technology.

Firstly, his life is not rich anymore.

Secondly, technology is done by the system, and he knows nothing about it.

Therefore, Cao Shenshi refused.

Liu Jun was not discouraged and was still very interested. If it didn't work once, he would always have a chance to fight for it next time.

He moved the car out very considerately and watched Cao Shen fly away in the dust.

Liu Jun helped move the car, and then caught Yao Kun and asked about financing.

But the result was not optimistic. Although Yao Kun did not say it clearly, his intention to give up was already obvious.

Eighty percent of those engaged in semiconductor entrepreneurship are turtles who came back from the United States.

Entrepreneurship team that is full of locals, the entire chip industry park, no, there are not many in the entire country.

Liu Jun's team naturally has no advantage in the semiconductor financing army. What's more, they are making mid-to-low-end products, the competition is extremely fierce, and investors are even less optimistic.

Therefore, the progress of financing is actually even worse than that of Liu Tao.

Fortunately, the company has occupied a piece of the learning machine and e-reader market in the fierce competition, and can earn some income every month, which can barely cover the company's operating costs.

But development is not enough. The next generation of chip products is released every eighteen months.

Analog chips are better and last longer.

Those who make digital chips have a more obvious life cycle.

If you can't make it, you will basically be a "generation boxing champion", and then there will be no more.

Therefore, in addition to ensuring normal operations, Bianhe must also launch new products generation after generation.

But, there is no money.

If there is no money in this round of financing, there will be no money to develop new products. The current product will only allow Bianhe to survive for a year at most.

Yao Kun from Pool Capital had the most in-depth chat with him, and he had some hope in his heart, but now there is no chance.

Liu Jun was a little frustrated.

Counting your fingers, the Spring Festival will be over in ten days. If you haven’t finalized your investment intention before the year, you will have to wait until after the holiday.

Moreover, investors generally take long vacations, especially partners, who often take vacations.

Without partners to make decisions, the people below can only look at the project but cannot make decisions.

This vacation usually lasts for a month.

By the time the investors start working normally, it will be almost March.

Then, I started a new round of meetings with investors, talking one by one. Even if everything goes well, it will probably be around June when I can get the money.

It takes half a year to launch new products, and the timing is very passive.

This is still a situation where you can get money, but what if you can’t get it...

It was really discouraging. Liu Jun thought about it several times in the elevator before he could get up.

As the CEO, he is the backbone of the company and must not bring negative emotions to others.

If no one believes in you, you must hypnotize yourself.

This breath must be kept up to give everyone strength.

As soon as he entered the company, Liu Jun was as energetic and motivated as ever, as if he had just drunk milk instead of being cut off from food.

It was almost the end of the year, and many companies began to let their sheep roam.

But Bianhe's office was still busy. They were still actively communicating with customers, professionally helping customers solve problems, and enthusiastically expanding new customers...

Seeing that every brother in the office was still full of fighting spirit, Liu Jun smiled.

I don't have a luxurious team, but I have a good team!

He didn't have a luxurious office. Like everyone else, he had an office cubicle.

Sitting in his cubicle, Liu Jun turned on the screen.

Looking at the new product planned by the team, the H.2**** codec.

It was still a product planned based on the MIPS architecture.

But the mainstream codecs on the market are based on ARM architecture, so investors don’t agree with the new products they are planning.

Liu Jun is now a little confused about whether to abandon the MIPS architecture that the team is familiar with and switch to the ARM camp.

But if he wants to make chips based on ARM architecture, the licensing cost will increase immediately.

His own products will lose their price advantage...

The most important job of a CEO is to find people, money, and direction.

He can’t find the most luxurious team now, has failed to raise funds, and is uncertain about the future direction.

It’s difficult...