Chapter 101 Fierce Competition

Chapter 101 Fierce Competition

The super order of more than 200 million US dollars once again caused an uproar in the United States.

Now that even fools know it's a good business, what do you let those politicians do?

This is just the first order, and there will be continuous demand in the future. If the market responds well, there may be explosive growth.

Just a game console?

Is there such an exaggerated demand?

This is a question for Wall Street and a question for American society.

Their questions were quickly answered. Both European and footbath customers have needs, and the quantity they need to buy will definitely not be lower than that of the Americans.

Regarding the price and payment method of the order, the foot basin staff had no extra thoughts, and signed the contract very readily.

It is not easy to obtain a production authorization. Although 10% of the sales share is high, it is not too much, but the additional conditions are rather fucked up.

William White's request is that during the cooperation period, the production of the same type of machine is not allowed, and after the cooperation ends, it can only be developed after 18 months.

The foot basin people will start their own stoves sooner or later. William White has already judged this. He just wants to slow down their pace and prevent the fierce competition from coming too fast.

The three companies are indeed a bit of a pain in the ass.

give up?

What are you kidding? Now these orders are nothing at all. This is a business worth more than one billion dollars a year. If they lose this time, the gap between them will further widen.

Develop it yourself?

In less than two years, you don't even have to think about it. When your game is released, it may have been upgraded.

The final agreed result was 12 months, because both parties did not want to procrastinate. There are a lot of dollars on the street, and it is so stupid not to rush to grab them!

Someone said, why do you engage in three companies? This is not going to drive the price down.

This is really not the case. Everyone, including William White, has a tacit agreement on the final retail price, and the fluctuation range will not exceed 5%.

You say this is a monopoly, this is price gouging.

Well, this is true, but do you have proof?

Toyota and Honda are so fierce, is there a big difference in price?

Foot basin people are cunning and cunning. This is the tacit understanding between their industry associations. No company will try to destroy it. Everyone's purpose is to make money, not to fight any price war.

Industry associations in other countries don't care about this, their main job is to organize tourism. The price wars in all countries are outrageous except for the foot basins. The profit of a TV may only be 30 yuan, which will never happen in the foot basins, and they will not destroy the market if they choose to go bankrupt.

The people with painful feet are gone. They need to get the product out as soon as possible and build their own sales channels.

The legendary world began to expand rapidly, and several headhunting companies began to cast their nets everywhere, directly killing Atari with anger.

Good benefits, high remuneration, and option rewards, you can't find such a company in the United States.

Other politicians are babbling. The California government said it doesn’t matter. William White’s business recruits a lot of people. This is of great help to the local economy. You must not offend this young man. A bad man has returned to Texas. Do you think he is here? Houston can't start a company?

A set of dizzying operations directly confused Wall Street. They wanted to ask one thing very much, brother, where did you get the money?

Yeah, where does the money come from?

They soon knew the answer. William White used three games as collateral, and Sumitomo Bank directly gave a credit line of 60 million dollars.

And there are sources claiming that they planned to give 100 million from the beginning, but William White didn't want it.

According to their calculations, 100 million US dollars is not enough. You have so many orders now, many of which are leased. How do you solve these funding problems?

They quickly had an answer.

Damn, it's production authorization again, this is the behavior of a prodigal son! What is this guy thinking?

Prodigal?

maybe.

In this way, 60 million US dollars is indeed enough, and it is estimated that there is still a lot of surplus.

With such a gluttonous feast, you can’t even get a single grain of rice. You can imagine the entanglement on Wall Street.

They are sure that William White will raise funds, whether it is equity or mortgage, they are very interested. This guy has too many valuable things, just take a bite and your mouth will be full of oil, but now it's all over, everything is as good as chicken.

William White is crazy to raise money with Wall Street.

Nima, the current interest rate is close to 20%, what do you guys use to repay the loan?

It is not easy to start the A round of financing. When they know that you are short of money, they will swallow all your shares. It is kind to leave you 15%.

Most listed companies play this way. When your stock is officially listed, it may be less than 10%.

Lao Mei does not have the concept of a private company. For them, the company is not yours at all, but everyone's. If you can maintain a good rate of return, you can continue to be the boss. If you can't meet their requirements, they can easily drive the founders out.

This is the norm on Wall Street.

Nima, 10% licensing fee.

Oh my god, are the people in the foot basin crazy?

Well, the profits are very welcome indeed.

What surprised them was William White's decisiveness. This was obviously a long-planned plan, and the family never planned to produce it by themselves.

Like his software company, it is more of a research and development organization. They don't even want to build a sales system.

They always think about problems from their own perspective, of course they don't think it's worthwhile.

Had they stood in William White's shoes, they would have drawn a different conclusion.

If William White had only 15% of the shares left, his interests would naturally be far worse than they are now.

If that's all, it's okay, he may lose the company's management rights at any time. How is it possible to accept this? William White is not an idiot. If there is no solution, let it be. How can it be possible to take risks if there is a solution?

Is this another cash printing press?

William White's companies are very strange, and the most notable feature is that they have massive cash flow. As time goes on, this characteristic will become more and more obvious.

Even idiots know that this is a high-quality asset, and this group of Wall Street bastards are also delusional. Who would hand over such an asset to others? Dude, do you look so stupid?

I don't know if it's the two of you, but anyway, the box office of the second movie broke through 100 million, and the global box office also exceeded 150 million.

Obviously, people are aiming at their own records. Not long ago, there were so-called seniors who said something unexpected. They firmly claimed that they would no longer have a good box office performance, and even used a few comedies that hit the street as examples.

How long has it been?

Immediately got smacked.

William White also had no choice but to claim that he had little knowledge and all his achievements were just a fluke. He just hoped that his good luck would last for a while. After all, his expenses were relatively high, so he bought a plane. If there are not enough American knives, there will be problems with refueling.

Regarding several well-known old guys, William White admitted that he was ignorant, saying that he had never heard of them and needed to go home to find information.