I was reborn and stayed in school to lie down. I really don’t want to roll anymore!
Chapter 694 Change direction
This is also the reason why Jiang Hao brought Pang Yi to see Professor Duan.
Going public has never been an easy thing. If you want to cash out the valuation and convert it into market value, that is a qualitative leap.
This huge fortune was really cashed out from the stock market.
Generally, after a company’s C round, the board of directors is no longer just a decoration.
Because many of the work procedures for listing require the participation and authorization of the board of directors.
Especially the operation of the company, if it wants to meet the listing standards, the board of directors’ connection with the stock market, including the business authority regulations.
And the most important work of dividing the cake before listing, distributing equity to law firms, accounting firms, consultants, and company employees, is also inseparable from the board of directors.
At that time, Dibao decided to start the listing process after the D round.
Therefore, the board of directors is currently still led by Pang Yi, the only executive director.
But now we have really reached the critical juncture of Dibao’s D round.
Professor Duan, as the actual founder of the company, is also the largest equity owner of the team.
At this time, there are only two choices: either throw it to a trusted deputy, or get involved yourself and assume the responsibility of founder and chairman.
"Jiang Hao, is the work of this board of directors complicated?"
"Can someone like me who has been in the laboratory all year round do a good job?"
Professor Duan looked straight at him, eager to try but also a little unconfident.
"Things are quite complicated, and the role of the board of directors in pre-IPO work is crucial."
"But in actual operation, you will definitely not be asked to do the execution work. There will be a dedicated secretary to the board of directors to be responsible for the entire listing process."
"Your main job is to be the receptionist, and also to be in charge of the distribution of benefits afterwards."
"Based on my understanding of you, Professor Duan, I estimate that you will be able to get started in a month or two."
After all, the position of chairman is a leadership job and does not require direct work.
It's just making decisions, especially when the company is managed by Pang Yi, a senior CEO, there isn't much to do.
However, when the time comes, it would definitely be better for the chairman to handle the distribution of the company's equity.
There are some unspoken rules. Some original shares need to be distributed. Professor Duan is the legal representative of the company, so it would be unreasonable for him not to show up.
Jiang Hao encouraged Professor Duan as much as possible.
"Pang Yi is still in the company! It just depends on whether you, Professor Duan, have the time and are willing to devote your energy to this."
"Yes, I'm not afraid of you making fun of me, Jiang Hao."
"I failed in the selection of outstanding young scientists this time, so I won't have a chance in the future unless I directly apply for the Yangtze River Scholarship in a few years."
“But my accumulation over the years is not enough, and Changjiang doesn’t dare to think about it.”
The two titles, Young Outstanding Scholar and Yangtze River Scholar, are actually not much different in value.
But relatively speaking, the Young Outstanding Talents Program will be more fair, especially for young people, as there will be more opportunities.
As for Changjiang, I'm afraid seniority will be more important.
Professor Zou's support for scientific research results and some simple academic titles can still help.
As for the Yangtze River Scholars, there is nothing I can do to help.
Either the scientific research results are very outstanding, or the academicians give full support.
It is obvious that after Professor Duan failed in the Young Elite Scientist Award this time, he will relax himself in scientific research in the future.
"Even Vice President Wang advised me yesterday to start focusing my energy on the company."
"She said I have good business acumen and a bit of luck, so I can try more."
Vice President Wang Shuwei was the vice president who strongly supported Jiang Hao’s career when Jiang Hao was studying for his doctorate at Songgong University.
There has been no transfer in recent years, and my age is there. I will probably retire in two years.
For Songgong University, since Professor Zou is in charge of scientific research in the School of Information, it doesn’t matter if Professor Duan cannot get up.
If we put some energy into Dibao Technology and really take it public, it will be of greater value to the school.
I guess it's Vice President Wang's words that have made Professor Duan feel more open-minded now.
Jiang Hao previously thought that with Professor Zou’s participation in the “863 Project”, Professor Duan’s selection as an outstanding young scientist was a sure thing.
It seems that they have become more and more competitive in recent years, and even Professor Duan cannot compete with others.
At this moment, Professor Duan made a time guarantee with Jiang Hao, and then he turned to look at Pang Yi.
His eyes were full of relief, pride and gratitude.
"Pang Yi, you have worked hard these years!"
"Whether it is the D round of financing or the company's subsequent listing, I will fully support and cooperate."
"I need to learn more about the board of directors, and I want the company to be listed successfully!"
...
"Teacher, I'm not tired."
"I am very grateful to you for letting the company focus on me. The company can develop to this point, thanks to your technical support."
The master and the apprentice have always had a good relationship, especially when Mr. Lei wanted to name this Dibao Technology, which was considered a semi-acquisition.
At that time, Professor Duan was under great pressure and allowed Pang Yi to continue to run the company. It can be considered a mutual achievement.
"Professor Duan, there is one more thing!"
“The Series D financing will start next week, and the establishment of the board of directors and the listing will begin at the end of this month.”
"If the official listing goes smoothly, it will be in the second half of the year."
"Whether the stock price will be accepted by the market, or even have room for growth, depends on the sales of this generation of sweeping robots."
Jiang Hao plans to release a new generation of sweeping robots before listing. Through favorable news such as sales volume, the stock price of Deebao will surge after listing.
"Professor Duan, if you have the energy, please do more research on the key hardware technologies of the latest generation of sweepers."
At present, Jiang Hao listened to Pang Yi's opinion.
The latest generation of sweepers is intended to be the flagship model for the next few years.
It is a complete sweeper and mop in one, with built-in dust collection and automatic cleaning of the mop for charging pile dust collection.
Additional chassis lifting to increase climbing ability.
Through further upgrading of ranging lidar technology, the level of intelligence has been taken to a higher level.
It is a complete upgrade.
This is also what Jiang Hao usually instills in Pang Yi about the golden development time for smart homes, especially sweeping robots.
This year has seen the fastest growth in sales and market size for the entire industry.
The listing work will also be arranged this year. If we miss this critical node, it will be difficult for such a physical and intelligent industry to go public again.
Even if it is listed, the market value will be greatly reduced.
The scale of the sweeping robot industry is still incomparable to that of the shared bicycle industry, and the valuation is even more different.
Especially considering the level of enthusiasm of capital, it can only be said that this is the most promising and critical year for Dibao.
"No problem. I will invest in any hardware technology improvements that need to be made as soon as possible."
"After so many years, just like what you said, Jiang Hao, I will give my full support in this crucial year!"
By the time everyone had finalized the matter, it was almost evening.
Professor Duan greeted people in the group and a large group of people headed to Songjiang Restaurant!
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