Reborn Entrepreneurial Giant

Jumei learned from Huawei while recruiting people in Pengcheng. At first, they contacted Futukang to do OEM, but they had no money and no operator orders. After many times, many foundry companies directly demand full payment.

Fools know that it is impossible to pay in full, what should I do if there is a quality problem after the money is paid, or a lawsuit? Not to mention the long delay, it also affected the normal operation of the company. After Futukang refused. Glory did not rush to contact Luxshare Precision and BYD.

A start-up company has no commercial reputation, and Xiaomi also encountered similar things back then! But it's not 2011, it's 2007. The Ministry of Industry and Information Technology has not opened mobile phone licenses, copycat phones have not reached their heyday, there are not enough scammers and enough fools, and there are always shrewd and bold entrepreneurs willing to take risks.

Honor's first mobile phone can be seen with a metal frame, a slightly slender BlackBerry 9900, the screen selection is the same as Apple's iPhone, 3.5 inches, 480*320 pixels, 16 million color TFT screen, the display effect may be different, but this is the most Good choice. The mobile phone screen supplier chose Samsung, not because Sharp is bad, but because Samsung is more flexible.

GPS and WIFI are standard configurations. The 2G version has a 2-megapixel rear camera, the 3G version has a 3.2 million-pixel front camera, and both have a 300,000-pixel front camera. The capacity of the mobile phone is 4G and 8G respectively.

The most critical CPU is Texas Instruments’ OMAP 3430. They released it at the beginning of the year. After the glory test, they were the first to purchase this CPU and paid a deposit. Therefore, Texas Instruments began trial production in June, and Texas Instruments mass-produced it. The time determines the time when the Honor mobile phone will finally go on the market.

The complexity of the smartphone supply chain is still beyond Qu Li’s imagination. Apart from those parameters, he has not said that the iconic metal frame, processing technology, color performance, and hand feel of Honor will surpass the first-generation iPhone in an all-round way, making enterprises believe that Glory, and purchasing more advanced equipment, this is no small matter.

Fortunately, the domestic industrial manufacturing enterprises are fully equipped and perfect, and the economic environment is so good, many entrepreneurs are not short of money, and many enterprises are willing to take risks to purchase advanced equipment for the sake of competition. Even if Glory let the pigeons go, they have improved their technical strength after all.

Thanks to this unprecedented bull market, there are no losers in A shares. Do you think it is strange? As a result, many entrepreneurs in Guangdong Province are ambitious to purchase the latest equipment, so that Honor, a start-up mobile phone, can enjoy preferential treatment that scumbags such as Xiaomi can't enjoy at the right time.

At this time, Qu Li has made up his mind to produce 100,000 units in the first batch. It can be estimated that the cost of the next mobile phone will exceed US$200, and 100,000 units will cost US$20 million. Glory's start-up capital is 110 million soft sister coins, a total of about 1,500 US dollars. The company has been established for half a year, with nearly 100 employees, and various advanced equipment purchases, as well as chip purchase contracts, all need to be paid.

The reason why they don't worry about financing is mainly because they rely on Google. Once they reach an agreement with T-Mobile with the help of Google, the company's valuation will increase significantly.

But it's not that simple, how can T-Mobile trust your delivery capabilities? What if Glory cannot raise cash in the short term? Under the reminder of Huawei experts, Qu Li and Zhou Shaoning found that they had overlooked many important things, but luckily they found out in time.

20 million US dollars is not much. Qu Li spent 40 million US dollars not long ago. It is really difficult to raise this money in the short term.

"Can you lend me a short-term loan?" Qu Li contacted Andrew of Lehman, "If you are not benevolent, I am not righteous, so don't blame me for catching you."

"Borrowing money, what is it for?"

"Honor mobile phones need to be produced, and procurement funds are needed."

"Does Glory need financing?"

"Need, but not now, $20 million will arrive within 7 days, is there?"

"Yes, I'll be right over." Andrew did not hesitate, he would not miss the opportunity.

Lehman has money, but you may not be able to get it. Qu Li's questioning lacks level.

Lehman Brothers quickly arranged for a team to come, and Qu Li also showed their trump card at this time: Google Android. The competition between Honor and iPhone is actually the competition between Google and Apple. This "truth" is the "fact" that Qu Li hopes Andrew and others will associate with it.

Sure enough, Andrew found this more reasonable truth, so the probability of the success of the Honor mobile phone is even greater. If it is really bad luck under such good conditions, he can't blame others.

"Texas Instruments, Samsung Display, your main suppliers are all big companies..."

"Honor is a new brand. The first product is intended to make friends, not to make money."

"..." Andrew suddenly had a terrible toothache, and he was really shameless. However, the success of Shopee in the United States made the people of Lehman Brothers not want to offend Qu Li. There are also superstitions in the financial market. Some people believe that Qu Li is the "child of destiny" and that if he goes against him, he will suffer bad luck.

"That's all the information, you read it quickly and make a decision. It's not that I can't find money. If I didn't think you would be more efficient, I wouldn't give you this opportunity."

"Don't worry about it, we are willing to invest in Glory."

"Do you think I can't wait two or three months, or do you think we are short of 20 million dollars? Only Lehman can help Glory?"

"Don't worry, listen to me, Glory can issue us a debt-to-equity swap of 30 million US dollars, and all of them can be converted into shares after you start financing." Andrew said firmly

Qu Li took a closer look at Andrew. He didn't expect this kid to be so courageous. It's not unreasonable for Lehman Brothers to succeed. It's a pity.

"Okay, but whether all the US$30 million in loans will be converted into shares is still up for discussion."

"We don't need interest..." Andrew added again

"You guys are amazing, I'm convinced!" Qu Li didn't hesitate, and directly agreed, if you have the ability, you can find someone to take advantage of.

Lehman Brothers not only gave them money, but also helped them find relationships. For example, Pavo, the vice president in charge of Motorola's mobile phone supply chain management, and Da Duo, the vice president of marketing who is familiar with the operators in the United States, were very satisfied with the swiftness of the action.

It was already September when Qu Li and the others entered the United States, and Google was in a hurry, otherwise it would be delayed for a while. After the large sum of money arrives, they can safely and boldly sign contracts with supply chain companies, Qu Li thought. The desired metal frame can really be achieved.

Worried about Texas Instruments, Qu Li also wanted to pay them a sum of money in exchange for early or on-time delivery. Without an American like Pavo, it would be really difficult to operate.

Originally planning to fly to the United States on the same flight, Andrew was terrified. The boss and the second child must not take the same flight. The important personnel of the company are the same. If there is an accident, the 30 million US dollars they invested in Glory will be in vain!

"It turns out that there are so many details. If I don't say it, I really don't know."

"Maybe we were not important before, but now we are important."

"Oh, the one who owes the money is the uncle..."

"Haha..." A group of people parted with confidence and flew to the United States from different flights in various cities.