Rebirth of Northland Technology - 642 Chapter 624 Backfire

Chapter 1995

Yahoo! was established.

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In the conference room on the third floor of the School of Computer Science, Quanzheng Technology Inc. is holding an expanded shareholders’ meeting.

The predecessor of Quanzheng Technology is the game development team that Xie Xiaoman was in.

Quanzheng Technology is the only entity, among all the startups under the Computer Science Academy, that achieved profitability in the same year.

In the past six months or so, two consecutive games have sold well, bringing the company close to two million dollars in revenue. This has given the investors and the team a great deal of confidence.

The company is already discussing a second round of financing, and the valuation jumped from 5 million RMB directly to 50 million USD, an increase of nearly one hundred times.

The financing, which will release 20% of the shares, will raise $10 million for the expansion of the team.

Xie Xiaoman sat in the back row of the hall, and their group of students were both employees and shareholders.

Xie Xiaoman is not considered a core member of the team, but she also got 30,000 shares of the original stock. The value of this share has increased to RMB 2 million.

That means everyone in the original group of 10 is a millionaire!

Behind Xie Xiaoman was a group of other team members who sat in on the company’s meetings for another reason, which was acquisitions and mergers.

In the past year, just IU, either assigned or hobby, has set up more than ten game groups, and six of them were successfully financed at the time of the financing conference last August. Several other groups continue to operate with the support of the fund.

But with the dual effect of time and capital, the strong will always be strong, and the weak will slowly lose the battle altogether.

Many gaming groups fail not due to technology, but to the market.

Traditional martial arts, the four famous Chinese novels, etc., many themes are chosen as the background of the game. But the computer market in Asia, the Chinese language game market simply does not exist, especially the size of the licensed game market is simply insufficient.

Computer ownership, only the United States, Japan, Europe is still to say, so the myth of Europe and the United States as the subject of the most successful all-right technology.

With the help of the major shareholder, the talent fund and the computer academy, several failed game groups will be swallowed up by Quanzheng Technology.

All Positive Technology has gained valuable human resources through this major annexation.

We all have the same roots, as we learn the same things, and even use the same game engine, which comes from the base code of the open source fund. The addition of this group of people will quickly serve as a complement.

This merger is not only going on in full, but also in several other software companies that are doing well.

If not for the restrictions imposed by the School of Computing, it is possible that all the student resources would have been divided up on campus.

——-

The success of Quanzheng Technology has completely triggered a wave of entrepreneurship on the campus of IIT.

The threshold for software entrepreneurship is so low that many computer science majors and even some dual-degree students are joining the new wave of entrepreneurship.

The newly established Talent Angel Fund receives several, much the same, business plans every day.

The PPT tide began to be staged ten years ahead of schedule, except that the main venue was not the capital, but in the north, on the banks of the Songhua River.

Many angel investment funds, large and small, have been established in Bingcheng recently.

In these funds, except two are dependent on the talent fund, the foundation fund, most of them are all the investment funds organized by the individual shareholders of All Color after cashing out.

This phenomenon reached a new climax after the six companies in the first wave of angel round investments released their annual reports, with new funds being formed essentially every day.

These funds, for the most part, are haphazard, and many are unlicensed portfolios. A big reason for this is that domestic fund management practices are not yet in place.

In principle, there is no way for an individual to control the control of a fund, and the right authorities can take back the control of these funds at any time.

The various funds established by Cheng Yongxing are also exposed to these dangers.

But he has no intention to go through these funds and do things that American tycoons often do such as asset tax avoidance. In addition the beneficiaries of the funds, is a great influence on the audience such as colleges and universities, anyone who wants to reach out, have to weigh.

In order to avoid these problems, some venture funds to run in partnership without a license, another group is hanging the shell of the company in operation, although the cost is higher, but there is always protection.

———

Xie Xiaoman and her classmates sit together, but in just six months, a substantial gap has formed between them.

The market value of Xie Xiaoman and others’ shares generally exceeded 2 million yuan, while the newly merged in classmates, because the project was not successful, their shares not only did not appreciate but depreciated in value in the past six months. On average, the value of the shares in each person’s hand is less than $30,000.

Most had worked harder and had better programming skills than Xie Xiaoman in the past six months, but it didn’t help much.

This imbalance, spreading through the school, abounds in the same classes, among the teachers, and among the contrasting majors.

Restlessness, comparison with each other, psychological imbalance, etc. emerge one after another.

It was the first time for both the school and the teachers to face this situation.

This situation has even shaken the foundation of the university.

Strict management and good work.

IIT is the top pillar of aviation and aerospace, and many students are assigned to important defense-related positions in the future, and then remain silent for decades.

IIT students, because they are located in the north, not affected by the southern economic tide, so, in the employer response is very good. They were willing to suffer and did not put in any effort, and had extraordinary achievements in aviation, aerospace and other fields.

But now, IIT has turned into a strong engine of national economic development. Not others influence it, but it has itself from the inside out, full of economic influence.

In previous years, the myth of wealth creation, are out in the semiconductor, precision instruments, testing, control and other heavy capital, heavy assets industrial field. Want to create a photoelectric myth out again, it is simply impossible to do.

And the main body of wealth is the company, the school, and students and teachers have nothing to do with their daily lives.

But the rise of the software industry has changed the status quo.

More than a thousand software students a year, plus more double bachelor software students, made almost 13 students were affected. This is really shaking up the “national foundation” of IIT.

And the impact is still growing, as more students are ready to apply for a double bachelor’s degree in software.

Within the School of Computer Science, there were a dozen classes of junior and senior students, all of whom were suspended and withdrew from the school.

Xiaoman Xie submitted her withdrawal application.

As Quanzheng Technology continues to grow, key members must withdraw from half-time status. The choice is made between school and career.

Product development progresses, following market progress.

New product launches are lost in the tens of millions of dollars if they don’t make it to a few specific holidays, or vacations.

Under the influence of millions of dollars worth of stock, the core members made similar choices.

Lina Lee is also ready to quit school.

Her company, Baetu Software, is also doing well.

They even received two acquisition offers to cash out immediately, not just the paper value.

———

The power of money finally backfired on the clean campus.

The School of Computer Science was the hardest hit, led by some young teachers, and students skipped classes and dropped out on a large scale.

The campus order, gradually, became chaotic.

In the faculty group, many of them were assigned by the school. Each software group was led by one or two teachers, and the success of the software group meant the success of the leading teachers.

Students are still under pressure to suspend or drop out of school, and teachers are even less so.

There is also a great force competing for the remaining teaching resources, and a large group of people from other schools are squatting around the college, man to man, doing work and preparing to pull them away.

The issue of school places, which was discussed in the first half of last year, has been rattling around for almost a year, but now there is no result.

The main problem is that a large number of schools do not have the power of research and development, according to the book can still be, but to undertake projects, especially for some general and specialized schools, it is a pipe dream.

So, the staff of the University of Technology has become a lifesaver, pulling a back, at least to build up the shelf to say ah!

The good thing is that there is still a great force that can still suppress this chaos for the time being.

The School of Computer Science itself is a major shareholder of the company. In addition, some fund shareholders are also inextricably linked to IIT. These students and teachers’ resignation and withdrawal applications, as long as the IIT does not approve, no one dares to leave directly yet.

Another point is that IIT occupies the leading position of computer system. Unless these people do not think about the company to become bigger and recruit people in the future, absolutely no one will think about offending IIT.

———

In order to solve the upcoming staff loss crisis, some other departments, especially electronics, mathematics mouth of the faculty and staff, the establishment of bulk support for the School of Computer Science, as when the reconstruction of the testing profession, only on a much larger scale.

But this solution, the symptoms are not the root cause.

With the rise of software entrepreneurship, the newly added strength, will be quickly assimilated and lost.

With the school’s economic situation is improving day by day, IIT staff salaries and treatment is also improving, in Bingcheng, and even the country is considered high.

Lecturer level, the basic salary can get about 500 yuan, professors can get at least a thousand yuan, compared to the average social wage is only less than 300 yuan, the advantage is obvious. In addition to the allocation of housing, holidays, bonuses and other explicit or implicit benefits, the appeal is not generally strong.

But in front of the interests of millions, more than tens of millions, the temptation no one can resist.

It’s not just the students and faculty of the School of Computer Science who know how to program computers.

Students and faculty of automation, testing, instrumentation, electronics, mathematics, semiconductors, physics, electromechanics and other related majors, computer-related courses are also available, although they are second-class courses.

Thanks to the open source software fund, the threshold for entrepreneurship is so low.

For example, the game, the same engine, just change the set of materials, it is another game.

The same is true for tool software.

Many teachers or students who see the process, with the support of social funds, started the process of copying the cat.

The crisis, centered on the School of Computer Science, spread rapidly outward, with no end in sight.

The initial crisis of the testing program ended with the establishment of the semiconductor department.

Where is the solution to today’s crisis?