Becoming Rich with Daily Scavenging APP-Chapter 466: Chen Yiyang’s Excellent Reputation

Chapter 466: Chapter 466: Chen Yiyang’s Excellent Reputation

Chen Yiyang originally thought that this company would produce something very high-tech.

But unexpectedly, it turned out to be such a simple little thing.

"From a structural viewpoint, our hotel delivery robot does appear simple, but the technological substance lies in our system."

Xu Zhitao gave Chen Yiyang a detailed introduction to the specific work flow of this hotel delivery robot.

"High-end hotel clients generally value their privacy and try to avoid contact with strangers when staying at hotels, including hotel staff.

However, delivering items, takeout, or even related adult products to guests, traditionally, could only be done manually.

This hotel delivery robot is designed to prevent such situations. Our intelligent control system enables these delivery robots to deliver items accurately to the guests’ door.

Hotel guests only need to open the door and take their items without excessive contact with the staff."

"Sounds pretty good."

Chen Yiyang quite agreed with Xu Zhitao. Hotels do have such needs.

Moreover, it’s not just about privacy; many hotels also want to reduce labor costs.

Purchasing a hotel delivery intelligent service robot system can save some manpower and also reduce the workload at the front desk.

"There’s also the medical field," Xu Zhitao continued, "Care for infectious diseases and special patients has always been challenging.

Infectious patients can’t have too much human contact, yet their daily meals and life necessities are essential. Therefore, if service robots could replace medical staff to deliver meals, it would be convenient and reduce danger.

Similarly, many patients with fractures lose the ability to move normally after injury, and due to various reasons, their family members cannot accompany them 24/7.

If there were a robot to deliver meals, it could save them the cost of hiring caregivers."

Xu Zhitao introduced numerous potential uses for delivery robots.

Apart from medical and hotel sectors, many restaurants could also use robots to serve dishes to customers.

But after thinking it over, Chen Yiyang believed that the primary application scene for such robots was still in hotels.

In the medical field, due to its specificity and the usual chaotic environment of hospitals, people remain the most reliable, and using robots can easily lead to problems.

Unless it’s a private hospital with few patients, where robots don’t worry about congestion.

In dining settings, too sophisticated intelligent systems are unnecessary.

However, after listening to Xu Zhitao’s introduction, Chen Yiyang thought of a question.

"From your introduction, the commercial prospects for hotel delivery robots are quite clear, it should be easy to attract investment. How come you waited for me to come invest in you?"

"Actually, before you proactively contacted us, we were already preparing materials to see if someone could introduce our company to you, hoping you would consider investing in us."

Xu Zhitao said something unexpected to Chen Yiyang.

"Why would you say that? Is my reputation in the investment field that good?"

"More than just good," Xu Zhitao candidly stated, "For many startup entrepreneurs now, your investment is what they hope to receive most.

If they can’t secure your investment, they would then consider other major institutions’ investments." 𝗳𝗿𝐞𝕖𝘄𝗲𝕓𝗻𝚘𝚟𝕖𝐥.𝚌𝕠𝕞

"Because I have many successful investment cases?"

"That’s part of it, but the main reason is your investment terms are too lenient. Nowadays, almost every investment institution requires entrepreneurs to sign a gambling agreement, except for those very hot enterprises. As far as I know, you haven’t required any signed gambling agreements from the entities you’ve invested in yet."

Well.

Chen Yiyang hadn’t thought it was because of this.

He actually had signed a gambling agreement with others before.

The reason was mainly that he wasn’t optimistic about that enterprise indicated by the leak intel warning, so he signed a gambling agreement, betting they’d go public within a time limit.

But being an investor like him who has invested in countless enterprises yet signed only one gambling agreement is rare, if not entirely unheard of.

With investing, having nine losses out of ten could still be considered lucky.

Even for international large investment institutions like Softbank, investing in 100 enterprises and having one succeed is already considered lucky.

Most investments result in enormous sums being poured in, only to end in bankruptcy due to being unable to cover liabilities.

Therefore, the current situation is that all the major investment institutions are very cautious about investing.

Investment is possible, but a gambling agreement must be signed.

The better ones would bet on you being profitable in coming years, failing which you’d have to compensate the investor with more shares or pay an amount.

But more gambling agreements directly bet on a company going public.

Investors require entrepreneurs to list the company on highly liquid stock markets like Hong Kong or US stocks within a few years.

Once it goes public, regardless if the investment institution continues investing or sells the stocks to earn a fortune, it’s fine.

But for entrepreneurs, this mode of investment is too exploitative.

For a company going public is really difficult.

Not only must you prove your potential, but you need to make others predict your future profitability.

Many companies get stuck on the eve of public listing, ultimately forced to close down due to bankruptcy.

Take, for instance, the two most famous companies in the live streaming platform field.

One is Douyu, and the other is Huya.

Originally in this field, Douyu was a comprehensive leader, with Huya following behind.

But who would have thought it would be Huya going public first, securing sufficient funding.

Whereas Douyu tried desperately to make their profitability figures look good on paper in their scramble to go public. This ultimately led to money laundering issues, causing many platform hosts to be sent directly to prison.

Although Douyu eventually succeeded in going public, the heavily wounded Douyu was no match for Huya and directly entered a countdown to demise stage.

Therefore, no sane entrepreneur wants to sign a public listing gambling agreement.

Signing such an agreement is akin to signing a pact with the devil.

Getting the funds is easy, but aiming for public listing must first mean exhausting half-life span and stepping a foot into criminal territory.

Once listed, if the investment institution sells shares to take profit and leave, then the remaining half-life is also forfeited.

Thus, among all investors and investment institutions,

Chen Yiyang’s investment terms appear so friendly they’re practically dream investment terms for entrepreneurs.

After discussing these matters with Xu Zhitao, Chen Yiyang couldn’t help but guiltily touch his nose.

If it weren’t for the leak intel, he would probably sign gambling agreements frequently in external investments.

But the leak intel directly pointed to this company’s future success, so all Chen Yiyang had to do was hand over the money and wait for the company’s success to collect, hardly needing such means.