The leisurely life of rebirth

Chapter 55 Shenzhen trip

"Hey, Mr. Wang, I am Zhou You, who invests sincerely. I learned about your product from a friend and am a little interested. I would like to see it on site to see if it is feasible?" Zhou You called Wang Tao based on his contact information.

Wang Tao was confused when he received the call. Now that the company is in its most difficult time, how can he be in the mood to receive interested people.

"Mr. Zhou, I'm really sorry. Many of our products are still under development, and many of them are immature."

Zhou You is a little confused, there is no way to push the investment out, at least currently DJI does not have the capital.

"Mr. Wang, if your product line is mature, I won't be interested either. When I invest, I invest in immature products." Zhou You made it clear.

Only then did Wang Tao react, "I'm really sorry, Mr. Zhou, I've been so busy lately, I thought you were just a hobbyist."

"The company is really busy recently. When will you come over? We will be ready here."

Wang Tao was excited while answering the phone. Although the company also received an investment last year, with the continuous investment in research and development, it immediately bottomed out. So far, no new investment has been found. Many investment companies are not optimistic about them at all.

Until now, their company has not yet released a finished product, and there is no way to convince investors.

"Let's do this. I happen to have time tomorrow. I'll go directly there tomorrow. Of course, I'd like Mr. Wang to pick up the plane, otherwise I won't be able to find you anywhere."

"That's right. I'll start preparations here." Wang Tao hung up the phone and began to summon people from the company.

Currently, DJI has only a few dozen people and only one semi-formed product, and the cost remains high, making it impossible to promote it on a large scale.

what to do?You can only tell stories.

After Zhou You made the phone call, he started booking air tickets, preparing to go and make a quick decision to avoid long nights and dreams.

Shenzhen is my first time in both my previous life and this life.

Following the flow of people, I started to look for my name tag. After walking a few steps, I saw a man of medium height, slim build, and wearing black-rimmed glasses.

Zhou You walked over quickly and said to the person holding the sign, "Hello, I'm Zhou You, and this is DJI."

When the person opposite heard this, he quickly put down the sign and held Zhou You's hand. "Hello, I'm Wang Tao. Thank you very much, Mr. Zhou, for coming."

Zhou You was also stunned for a moment, but he didn't expect Wang Tao to come to pick him up in person. It seemed that the company was indeed in some difficulty.

"I didn't expect to bother Mr. Wang and make a trip in person. I'm really sorry."

"I'm sorry. I thought about it yesterday and I should go and visit Mr. Zhou in person, but I thought that Mr. Zhou would definitely investigate our company and go to see it on site, so I didn't mention it later." Wang Tao led the way.

On the way, Wang Tao briefly introduced themselves, their company and their products.

Wang Tao grew up in Hangzhou and was born in 1980. His mother was a teacher and his father was an engineer. Later, his parents went to business in Shenzhen and became small business owners. He stayed at his teacher's house to finish middle school and take the college entrance examination. In 2003, Wang Tao, who was already in his junior year, dropped out of East China Normal University and applied to world-class universities. In the end, only the Department of Electronic and Computer Engineering of the Hong Kong University of Science and Technology sent an admission notice.

In 2006, Wang Tao officially founded DJI with two classmates who were doing his graduation project, and used all the remainder of the scholarship he received at the university to develop and produce helicopter flight control systems.The company initially had only five or six people working in private houses in Shenzhen.

Because of the poor office environment, they were unable to recruit particularly good people. Even the two classmates who started the business together left one after another after two years of hardship.

In 2008, the first relatively mature helicopter flight control system XP3.1 they developed was launched on the market. By 2010, DJI’s monthly sales could reach several hundred thousand yuan.

Following Wang Tao's introduction along the way, Zhou You probably knew it well.

When I arrived at the company, I looked around and the conditions were indeed poor.

Currently, the company is located in a remote suburb with only a few office spaces, and product assembly and research and development are still in factories in the suburbs.

"Mr. Wang, I jointly filmed a documentary with CCTV some time ago. I also have business dealings with Shanghai TV and have been cast in some movies." Zhou You wants to briefly explain the background.

"At that time, I was chatting with them about shooting related matters, and I discovered that drone shooting is indeed disruptive, but there are currently no mature related products on the market." I stopped for a drink of water during the tour and saw that they were all there. Listen carefully
"Through my understanding, I found that many people are making drones in the market now, but everyone's main direction is different, and I am personally more interested in Mr. Wang's direction."

Wang Tao sat there and stared at Zhou You, listening to him carefully. He felt confident, but he just didn't know what to think about the product.

"Mr. Zhou, our current R&D is different from what's on the market. We are mainly targeting the majority of ordinary enthusiasts. For example, those who have never been exposed to it, like shooting or playing with drones, then we can work together to provide corresponding services without requiring a lot of professional skills”

"Most of the traditional drones now are model aircraft enthusiasts or have corresponding professional knowledge, and the complexity is relatively high."

"Have you made any breakthroughs in technology now? How about it?" Zhou You then asked
Having said this, Wang Tao looked slightly embarrassed, "It is currently under research and development, and a preliminary breakthrough has been achieved."

The two sides talked for a while, but now basically the man was affectionate and the concubine was interested, and both sides were just going through the motions.

Zhou You went to their factory again and saw that the products currently on sale are relatively professional, and the channels are still the original model aircraft channels, and they are not universal.

Wang Tao looked at Zhou You's expression along the way. He was happy when he saw his relaxed expression, and nervous when he saw his brows furrowed. He also estimated in his heart that with only 500 million, he was confident that he could sustain the technological breakthrough.

After looking at these environments around, I felt emotional: Who would have thought that a drone giant in the civilian industry would be born here.

There are so many companies with more advanced technology and deeper capital that have not yet broken through.It can only be said that the right time, right place, right people, and right bet have caught up with the great development of personal consumption in China, and indeed lowered many technical barriers.

"Mr. Wang, I'm quite optimistic about your company. I'm here with sincerity this time. Do you have any needs that you can discuss?" Zhou You asked straightforwardly.
Wang Tao was pounding in his heart at this time, because the moment had indeed come to decide the fate of the company. With investment, he could survive it, but without investment, he might have to sell it.

Wang Tao's Adam's apple kept squirming, his hands kept crossing, and he glanced around. The people who started the business with him were all looking at him nervously.

(End of this chapter)