Extraordinary Genius - Chapter 335 – Money + Dreams
Jiang Wanmeng was thinking in his heart. This should be his main agenda.
Feng Yu really wants to develop this product. Jiang Wanmeng knew that Feng Yu intends to recruit him. Although this project was exciting, his interest was not that big.
Feng Yu was asking if he wants to remain a big fish in a small pond or to join him.
Jiang Wanmeng was now a general manager at his company. Even though this company was a subsidiary of a research facility, he was still a shareholder.
If he joins Feng Yu, he could get access to the technologies he wanted, but he would become an engineer again. He does not want to be an engineer still. If he were willing to remain as an engineer, he would not leave the research facility to set up this company.
“Mr. Jiang, isn’t it your dream to make China one of the leaders in the electronics industry? Don’t you want to pursue your dream with me? If your dreams become a reality, you will get all the credit, and your name will be recorded in the history books!”
Jiang Wanmeng really wanted to tell Feng Yu that he wants his name to be in the history books. But he wants to be the person who invented this new product and not one of the people who invented this product.
“Mr. Feng, let me think about it.”
Feng Yu raised his eyebrows. Seems like it was too difficult to recruit him by talking about dreams. If Jiang Wanmeng was willing to settle for a stable and normal life, he would not leave the research facility and set up a subsidiary company for the facility.
Since he started a company, then money should be one of his motivating factors.
Looking at Jiang Wanmeng’s troubled expression, Feng Yu continued: “Mr. Jiang, I know that you are now the general manager of your company and your net worth is a few million. If I ask you to work for me, you will surely reject. But if I am willing to let you own some shares? I am saying that if you are willing to cooperate with me, I can let you invest in the company.”
In Feng Yu’s past life, Jiang Wanmeng raised a few million USD of research funds. In this life, this had been brought forward, but he should be able to raise at least 1 or 2 million.
This new company, not counting the cost of the technologies, was worth about 20 million USD. Based on the profits that VCD would bring in the future, Feng Yu was very generous to let Jiang Wanmeng buy some shares in this company.
Jiang Wanmeng looked up, what? Feng Yu was willing to sell some shares to him?
“Mr. Feng, can you tell me the details of this cooperation?”
Jiang Wanmeng was tempted, and Feng Yu was relieved.
“Currently, I own this picture compressing technology. I had paid almost 20 million USD for this technology. You think it is not worth so much? But if this technology can help us develop a new video and audio product, then we can monopolize the video market, and the profits will be much more than whatever I invested. I decided to invest 20 million USD in setting up a factory to produce this product which I am naming it as Video Compact Disc, VCD. This VCD will replace all the video cassette tapes and players. It will replace the current Karaoke system. This will be a new electronic product! How many profits do you think we will get if we monopolize the market?”
Jiang Wanmeng was breathing hard. Monopoly means exceptionally high profits!
“That means I will be investing 40 million USD. How much can you invest?”
Jiang Wanmeng suddenly felt like an inflated balloon. Feng Yu had invested 40 million USD, and he knew that it was a marked-up figure. That technology was not worth 20 million USD. But that technology was the only one in the world. He could not argue with Feng Yu about how much it was worth. He could see the potential of this VCD.
But he does not have money. Although he was the general manager of his company, the most he had was about 1 million USD. With his connections, he should be about to raise a total of 2 million USD.
That means the most he could get was only about 2% of the shares. This would be just like he was working for Feng Yu. He wants at least 10% shares!
“I can raise about 3 million USD. This was the best I can do. But as what you said, I can do the product development with this technology. This should not be a problem. My company’s research staffs were all skilled. We can solve a lot of problems for you. Can I get more shares?” Jiang Wanmeng asked.
Feng Yu had also planned to let Jiang Wanmeng be in charge of developing the product. If Jiang Wanmeng does not have enough staff, Feng Yu could still transfer some people from AIWA. But this should be the last resort. There were many skilled technicians and engineers in China.
In Feng Yu ‘s previous life, Jiang Wanmeng could develop the VCD by himself. Even though Sun Yanshen’s company had helped him slightly, but it was only putting the picture compressing technology into a circuit board.
Feng Yu could let Jiang Wanmeng settle all the R&D work. Feng Yu was willing to spend. He has the money, but he needs more technical staffs.
“Mr. Jiang, how long do you need to produce a prototype?”
“6 months should be sufficient! If there are enough funds, I think 5 months should be possible.” Jiang Wanmeng said confidently.
Feng Yu nodded: “Okay. Then how many shares do you, and your team wants?”
Feng Yu was clear that he does not only want to recruit Jiang Wanmeng. He wants to hire his team too.
Jiang Wanmeng thought for a while and said: “I will invest 3 million USD, together with my team, I think the total value is about 5 million USD!”
Jiang Wanmeng said a high price. If Feng Yu does not agree, then there is still room for negotiations.
Feng Yu turned to Fu Guangzheng: “Brother Fu, I will let you handle the overseas sales. You want to take 5 million USD to invest too?
Fu Guangzheng was overjoyed. Feng Yu had invited him to invest with him. He knew that Feng Yu saw the hard work he put in for the Machinery Company.
This VD thingy sounds profitable. He does not even need to ask his family for this 5 million USD. It was a small amount to him.
“Brother Feng, thanks. I have 5 million USD ready. I will also promise you that I will take care of the overseas sales. I will make sure our products can reach all corners of the world!”
Feng Yu turned to Wilson. Wilson had already taken out some documents and passed it to Feng Yu.
“Here, take a look. If there are no problems, you can sign this contract. The registration of the company, Brother Fu will settle. We will use Wind and Rain Electronics for the name of this company. Using Wind and Rain brand will save us the marketing cost. Any problems?”
Fu Guangzheng and Jiang Wanmeng read the contract. It stated clearly that Feng Yu would be using technologies, brand, and cash to invest in this company. He will own 80% of the shares. Fu Guangzheng would be using cash to invest and will be in charging of the management of the company. He will be getting 10% of the shares. Jiang Wanmeng will be using cash to invest, and he will be in charge of the R&D. He will also be owning 10%. Everything was as what they had discussed. Wilson only added one more page to the contract which stated the exact investment from each party.
This contract was prepared before this meeting, and Feng Yu had already known the outcome. Feng Yu was too scary!
Both of them looked at each other and nodded: “We are fine with it!”
This will be the start of Wind and Rain VCD taking the world by storm!