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Chapter 94 Negotiations

"Duke, these are the data on the evaluation report of venture capital funds for gmosystems. From this report, we can see that the company's annual profit in the past two years was about one million US dollars, of which the revenue of brain wave helmets accounted for about 40%.

According to the valuation method of price-to-earnings ratio, the average price-to-earnings ratio of this type of company is about ten times, and the most outstanding Apple company has only 15 times this year's dynamic price-to-earnings ratio. Therefore, it is more appropriate to value 10 million US dollars. Considering its growth potential, it will be at most 15 million US dollars."

On the flight to Los Angeles, Susanna introduced the situation of Gmosystems to Duke in detail. Duke listened and looked through the information. The report was very detailed and conducted careful analysis from the market, production, technology, management team and other aspects of Gmosystems.

This company was also founded by a doctor from Stanford who studies brain wave interfaces based on his own research results. In the three years since its establishment, it has launched three generations of brain wave helmets, but the application range of brain wave helmets is not large, and they are currently concentrated in the game, but the game is playable in average. After all, the recognition rate of general commands of brain wave helmets is very difficult.

Although gmosystems' brain wave helmets have stronger reception sensitivity than mindsky's and have the upper hand in terms of command number and recognition rate, they still do not exceed ten commands. Compared with the thirty commands and nearly 100% recognition rate of Duke's improved brain wave helmets, it is technically at least a dozen streets away.

The gap in supporting games is also very obvious. The 3D fighting game developed by Duke has surpassed the classic fighting game Street Fighter in terms of playability. After all, the intelligent adaptable NPC is not something that ordinary people can design.

After reading the information, Duke closed his eyes and thought for a while, and felt that this company still has unique features in the technology of brain wave helmets. In addition to being acceptable in terms of valuation, Duke's heart is also very attractive in its production technology patents of brain wave helmets with independent intellectual property rights.

What is most criticized now is that its production cost is too high. According to the evaluation report, the sensitivity of gmosystems' brain wave helmets is improved by increasing the number of brain electrode modules that receive brain waves. In medical EEG helmets, there are as many as 120 brain electrodes. Gmosystems' latest generation brain wave helmets have achieved 18 brain electrodes.

This brain electrode module is the most important cost component in brain wave helmets. Gmosystems can be said to be sacrificing costs in exchange for sensitivity.

"In addition to cost control, gmosystems's various indicators meet our expectations. If we can buy them for about 10 million US dollars, the production cost of brain wave helmets will be compressed to 80 to 100 US dollars, which will be perfect for our company. In this way, we can completely control brain wave games to 150 to 200 US dollars, and we can still have a gross profit of more than 50%.

After reading the information, Duke said to Susanna. Originally, Shuya wanted to accompany Duke, but Shuya had to face the upcoming final exam. She didn't have a cheating tool like Duke, so she had to stay at school to review.

Susanna has completed her course study, and this year is the paper writing period, so she has plenty of time to squander. Moreover, whether from the perspective of communication skills or negotiation skills, Susanna is also a very suitable candidate.

However, when Shu Ya always feels like a wolf entering the room when she lets this unrestrained and sexy beauty walk with Duke.

"I also think this company is more suitable for us, but we also need to see if there are any problems with their R&D team and production capacity. I don't understand the technology. You have to make the decision. Let me leave the others. I hope we can get good luck this time." Susanna said.

Today she was wearing a normal dress. She was wearing an impeccable professional dress, which was usually revealed, and she tightly covered up the chest of the world. Although she still stood up proudly, her lethality on Duke was finally reduced by half.

"I think when we are in contact with them, we will start with the topic of customizing brain wave helmets and show them our results. I think they will be shocked by your results," Susanna said with a smile.

"With this early preparation, I believe that in this case, they will no longer have any doubts about our technical strength. Then we propose a custom-made 10,000 sets of brain-wave helmets priced at $100 to see if they can do it. If they can promise, it means that there is potential in terms of technology and productivity. In this case, we can continue to talk about the acquisition."

It is normal for venture capital companies to obtain some information. No company will be so stupid that it reveals all the secrets. To understand the specific situation of a company, most things must be inspected in person before they can determine their authenticity.

"Of course, the important thing is that we cannot show that we are too familiar with their company in negotiations. Some of the information you are looking at now are confidential data obtained by venture capital companies, which is illegal in some cases. So we cannot blurt out the data directly." Susanna finally explained.

Duke nodded. He can be said to have never forgotten it now. This is a good thing in most cases, but if it is accidentally leaked out in this case, it may cause a lot of trouble to Susanna and the venture capital companies behind it. Therefore, Susanna's explanation is very timely.

After the two of them finished their business, they started chatting. The flight time from Boston to Los Angeles was more than five hours long. It was so long that Susanna was able to find so many topics that the two of them were excited to get off the plane.

Before he knew it, Duke revealed some of his own things to Susanna, such as sala's voice input method. Now the English computer version download has exceeded 50 million, basically sweeping all voice input products on the market.

Only then did Susanna realize that the genius she was optimistic about turned out to be a quasi-billionaire. She couldn't help but be more determined to keep Duke's thick legs. It was really not easy to meet such a person in her life.

Susanna knew that even if she couldn't buy gmosystems this time and couldn't win the entrepreneurship competition, it would actually be a little more twists and turns for the future of the startup company. As long as Duke is here, it will not affect the glorious future prospects.

Duke and Susanna, who had been trekking for a long journey, came to Los Angeles and were already on the verge of lights. The exhausted two men had their simple food to rest and prepared to take full care of tomorrow's negotiations.

The next day, Susanna and Duke came to gmosystems. Susanna briefly explained the purpose. Then in the gmosystems conference room, Susanna and Duke demonstrated the brain wave mind-controlled fighting game together. They had practiced countless times. In addition, this time Duke deliberately lowered the difficulty of launching the game's ultimate move. The gorgeous battle scenes and smooth operation really shocked the boss of gmosystems company Dr. Clement.

"Dr. Duke, Miss Susanna" Clement's eyes showed an unconcealed enthusiasm. "I don't know if this game of your company can be sold to us. We can buy the copyright of your company's game at a high price and establish a long-term cooperative relationship with your company. In the future, we will give priority to buying the games developed by your company at a high price."

Clement made a good plan for his wishful thinking. Unfortunately, he used the wrong object.

"Dr. Clement, I don't think you understand what we mean yet," Susanna said with a smile. "We are here to discuss cooperation with your company on Brain Wave Helmets. This game is not a product."

"That's a pity. I wonder how many sets of brain-wave helmets your company is planning to purchase?" Clement sighed and said secondly. It is also good for the company to sell hundreds of thousands of helmets. According to his estimate, this game is so exciting, and there is no problem selling hundreds of thousands of sets.

Unfortunately, I can't buy it. If the company owns dozens of games of this quality, Clement is even confident that he will compete with game platforms such as psp and xbox.

"We are not just purchasing, but customizing. The price of orders starting from tens of thousands of units is no more than eighty US dollars. I wonder if your company can provide it?" Susanna said with a smile at Clement.

"What?" Clement couldn't believe his ears. "Eighty dollars a set? I heard it right?"

"Yes, from our use, we don't need such high-precision brain wave helmets. Just simplify it and can be better than Mindsky's headphone brain wave interface. I wonder if your company can improve it and produce a lower-cost brain wave helmet." Susanna knew that just saying this, the other party would definitely go wild, so she took out Mindsky's headphone brain wave interface.

"You see, this product basically meets our requirements, but its relative functions are still a little weaker. Unfortunately, the customization ability of mindsky's products is weak and cannot meet our customization requirements. We heard that your company's first generation product has six brain electrodes, and now the third generation product has increased to eighteen brain electrodes. Obviously, your company's products can increase or decrease brain wave sensing sensitivity by increasing or decreasing brain electrodes.

We all know that brain electrodes are the main part of the cost of brain wave helmets. We are willing to cooperate with your company to customize a simplified brain wave helmet suitable for our game, and produce a lower-cost brain wave helmet to cooperate with our game to launch it on the market. I wonder if Dr. Clement is interested in researching this aspect?"

After listening to Susanna's suggestion, Clement couldn't help but be moved. He knew his product design ideas very well. There was no doubt that Susanna's suggestion was quite operational.
Chapter completed!
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