Long article with practical information: How to write a business plan that raises tens of millions of dollars?

Co-founder of Beijing Niu Technologies Co., Ltd.

Introduction: This long article was chosen because it fully presents the entire financing process of a co-founder of an electric car. The writing ideas of the main BP logic document that received a total of XXXX million US dollars in investment in the angel round and the A round are particularly important. The author gave you the core secret that took a long time to research, the hard work that included ideas, suffering, and beliefs, and the original business plan intact. Is it useful? It is useful and can be used as a reference and learned, but it is better to teach a man to fish than to give him a fish. Ideas and methodologies are more worthy of learning than models and paths.

In early 2014, after we completed the definition of the entire vehicle and the early concept design draft, we held a meeting. According to the existing settings, if we want to turn this vehicle from a design draft into a prototype that can produce mass production data, we will need to invest at least millions more. After a rough calculation, it turns out that if we want to achieve mass production, we will need an investment of at least tens of millions... It seems that the hope is a little slim... Who can look down on this seemingly low-end industry?

China has the world's strongest production and processing capabilities, the strongest basic mechanical and electrical industries, and the largest user group. Why not give it a try? Try to change the status quo through design. In fact, good design doesn’t cost any money at all. You have to invest in molds anyway, so why not do it better?

Okay, let’s get back to the topic. For a two-wheeled vehicle to run on the road, it takes at least more than 20 months of system development and a lot of details to be fine-tuned. At the same time, industrial design, frame and chassis design, electronic research and development, mass production and other aspects need to be involved in the product concept definition.

You will definitely get hurt after going through the whole process, but you won't die unless you seek death. I’ve always been one to rise to the challenge, but I was actually a little excited… I was the only one in the team who had dealt with investors, so this important task naturally fell on me (of course, if you don’t take the lead, who will…)

It took almost two months to prepare the BP document. A good BP not only needs to have ideas, but also needs to include all executable plans. This is no longer the era where an unreliable idea can fool investors. Especially for physical products involving production and processing, executability is the most critical.

Before looking for investment, we held a very long meeting internally to discuss what kind of attitude we should have when raising funds. As a team composed of designers and engineers, we actually have a strong technical bias. It looks powerful, but it lacks a fatal link. Strategy, finance, supply chain, marketing, after-sales... 80% of the entire closed loop is missing. How could anyone invest in such a combination? ? ? But after turning the impossible into possible N times, I firmly believe that as long as the goal is right and you work hard for it with all your might, you will succeed!

The first thing we made clear was that we needed a CEO...

Many people may be wondering, as the founder of the project, shouldn’t you be the CEO? After so many years of baptism, I am very clear about one thing: know yourself and know how big a plate you can handle. This "big" project we are going to do is completely beyond my control and understanding. Understanding is one thing, being able to do it with ease is another. It is no problem to raise a few million to develop a car, but making a car is only the first step from 0>1, and there is still a long way to go.

Second: We can dilute most of the shares to the person or team who can lead the entire team to release the product. As a startup team with insufficient innate conditions (a disabled and stupid team), if we want to complete the whole thing, we need many people and many resources. If we just want to make the car, our existing team is enough. But if we want to mass produce... haha.

Third: Have you considered industrial investment? Due to a previous experience, I am actually a little resistant to industrial investment. Especially in today's industry, which is generally low-end and does not focus on design and development. But if we are forced to take this step in the end, we can accept it. After all, such a large amount of money is not something that a few of us can raise. What we are more afraid of is that it is very likely that the industrial investment will take the BP and do it themselves. In this environment, we must be extremely cautious. Make plans for the worst and know what we will lose in the end, so we won't be afraid.

Fourth: How much does it cost? It's strange that we only consider how much money we need at the last minute.

In fact, it is very simple. There are two paths before us:

1. 5 million RMB to develop a product prototype and then continue to raise funds. This is the most reliable solution we can think of.

2. RMB 15 million, enough to pay for development, molds, trial production, and early promotion.

3. 30 million, you think too much...-_-

I temporarily handed over the product development part in my hands and started the stage of polishing the business plan (hereinafter referred to as BP) document...codenamed XMOTOR!

The entire BP is divided into two parts:

1. Main BP document

2. Feasibility analysis/financial forecast

The main document is basically a funnel structure, starting with industry data:

1. Market: Since the electric vehicle industry is not well known in the Internet and technology circles, the first thing to do is data mining to tell investors the data of the entire industry in the most concise and effective way, how big the industry is, where the drawbacks are, and what opportunities there are. The macro-level concise overview includes data such as industry size, competitors, business models, industry trends, etc. It will make investors feel that you have sufficient understanding of the industry. Don't try to fabricate data to fool investors, they are much smarter than you. As far as I know, there are some good projects and good teams, but at the final stage of investment, the investors discovered the data fraud during DD and directly cancelled the investment... Integrity is the most important thing for a team.

2. Pain points: Many people make the mistake of being too broad in this section, or describing pain points that simply cannot be solved. The key to pain points is not quantity, but quality. A good project is extremely lucky if it can grasp one precise pain point. If it can find two core pain points, it is a godsend... But if you tell me that you have found 10 pain points... then does this industry still have value and meaning? Why is it your turn to lead the revolution? How do you solve so many pain points through one project? Behind so many broad pain points there are either real problems that cannot be solved, or you simply don’t understand this industry at all.

3. Solution: After explaining the pain point you have captured, it is time to give your solution. It is extremely important to clearly express what you are going to do. Investors have limited time and are unlikely to listen to you bragging about how great Aider is.

It is enough to quickly and accurately list what problems you solved and how you solved them.

4. Schedule: When did it start, what parts have been completed, what is the next key node, and the phased goals. Any project definitely needs short-term goals and long-term plans. There can be many short-term goals for entrepreneurial projects, but the long-term plan must be very clear. If you don’t have a clear goal or roadmap yourself, why should we invest money in you?

5. Summary: Accurately describe what's status now (what's the most important part completed now), and what's next step (what you will do after getting the financing).

6. Team composition: I felt guilty when writing this part. . . . In fact, some people like to put this part at the beginning, and some people like to put it at the end. Personally, I think if the team is really awesome, it can be put at the beginning. In most cases, investors will see the project itself first, and then they will be interested in understanding the team... We put it at the end...

7. Financing plan: How much shares are you prepared to dilute and how much money do you plan to raise.

The entire logical structure is almost OK here.

Have you noticed that the marketing part accounts for a larger proportion in the entire BP than the product? Don’t you want to make products? How come so many market items are brought in?

Only a short amount of space is spent introducing a product that we have developed with so much effort?

In fact, the problem is very simple. If you have created a completely groundbreaking product/technology, you can get an exclusive patent. For example, Oil King, an air battery that can run 10,000 kilometers on a single charge, Anywhere Door….

Then you don’t have to write about those shitty things about the market anymore, but can you do it?

What is a good product? A good product is one that provides a leading solution to a large enough market audience.

Investors are not gods, and it is impossible for them to be particularly familiar with every field.

Even if it is an area that he is particularly familiar with, you should attach a sufficiently in-depth market analysis to show that you also understand the market well. Otherwise, why don’t you make a ball product?

There are also marketing plans, channels, methods and budgets.

Many people who come from a product background always make this mistake: If our awesome product is really released, the whole world will come to lick its brows, and there will be no need for promotion at all!

Go play with eggs...

No matter how awesome your product is, it’s useless. The key to the problem is to clearly express how many problems you have solved in how big a market you are in!

What’s awesome is not your product, but your understanding and insight into the market, as well as your ability to solve problems!

The main document of the business plan is basically completed. Doesn’t it feel very relaxing? . . In fact, this is just the beginning... How can people be convinced with just an overview introduction?

A good plan is the beginning of everything. Don’t even think about starting a business without a plan.

Before starting a business, you may be a geek, but after starting a business, you will be a product manager + developer + operation + promotion + DEBUG + marketing + handyman! There will be a myriad of things pushing you forward mindlessly!

The overall budget must be made in detail, including development, materials, manpower, rent... and it would be rogue if there is no marketing budget. However, as a general rule, the budget will definitely be exceeded, so after you have calculated the budget for each part, simply multiply it by 1.5 and there should be no problem.

Don't make stupid mistakes and check the numbers multiple times. In fact, it is very common for Excel to jump data across tables, especially when making multiple modifications. One thing to remember is that it must be an executable plan, not a simple plan that lists how many people to hire and how long it will take to develop the product.

The schedule I made in March 2014 has not been delayed at all until today. Instead, it has been accelerated after more funds and teams came in. . .

What is the first step after completing the entire BP? Send it out? No.. no.. no.. you are too young, too naive.

I can understand your excitement. You have finally organized all your amazing plans. You feel like you will get hundreds of millions of dollars in investment tomorrow, become a CEO, marry a beautiful and wealthy woman, and reach the pinnacle of your life...

But.. I want to tell you this: save the document, keep working hard, and open it two days later, and you will find that what you wrote is shit…

OK, you can start rewriting and finish the parts you think need improvement in one go. Then go to sleep. After waking up, I will have a good meal and read it again. I will find that my brain is slow and what kind of nonsense is this... I will continue to revise it.

After going through the rhythm of holding on and re-reading it three times, you will find that your confidence in the project has doubled, and you have considered more aspects. Of course, it is not ruled out that after three cycles, you may feel that you should not continue to do this thing at all...

No matter how you feel, force yourself to read the entire document 20 times over three days. One is to continue correcting errors, and the other is to make myself more familiar with the logic and content. While reading, read every sentence with a skeptical attitude. If you saw this thing, what questions would you ask? take note. As the saying goes, knowing yourself and your enemy will ensure victory in every battle. Try to find fault with yourself and think of the worst possible scenario. The points most likely to be attacked, think about how to solve these problems.

After three days, I believe you are full of confidence in yourself again. Is it time to send it out and start meeting high-profile investors?

NO!

Find a good friend you can trust and start reviewing your documents. Every friend who understands you will help you see your weaknesses. Treat them as investors and consumers. Treat you like a jerk trying to steal their money. Find faults as much as you can... the harder the better. Only those who are willing to find faults with you are your true friends~ What? You're telling me you don't have any good friends you can trust? Then what business are you starting?

It is best if the friends you choose have different backgrounds and can help you analyze the problem from different angles. They can be particularly proficient in the industry or know nothing about it. As long as they are your target audience, they can help you sort out all your thoughts and use the process of elimination to help you reflect possible oversights. Anyway, I picked more than 20 male and female friends from various industries such as design, business, investment, finance, clothing, fashion, and catering, and forced them to help me pass N editors...

The simplest truth is: investors are consumers. If you can’t impress consumers, how can you impress investors? Just because you are handsome? If you yourself are not excited when you speak out, how can you make consumers excited? Excite investors?

In fact, the repeated self-abuse process above, on the one hand, helps you make your plan more detailed and feasible, and on the other hand, it increases your self-confidence through constant repetition. Only by anticipating as many possible problems as possible can you be more confident when giving a presentation. When you are speechless when asked by investors, you will remember my advice..Be bold, careful and thick-skinned~ Anyway, in the end, my document number has been from 0.1 to 7.0...

The first document I sent out, I actually didn’t think about looking for investment, I sent it to a big investment guy. I just wanted to ask him for advice. I talked with him for half an hour in a coffee shop with a notebook. He immediately asked me a few quick questions. (The sharpness of the big guy, by the way, turned to the investment perspective... I was still casually smoking a cigarette while talking.)

1. There are so many things you want to do. If you could only do one, which one would you choose? (There are three related directions in the initial BP, the product form is the same, but the style is different)

2. How can you manage this business when you are a designer? (I will never be a CEO. It is ridiculous that you dare to raise funds without a CEO.)

3. I am not worried about you doing product research and development, but what about the next step of marketing, production, etc.? (The plan is to make a product prototype first, and then find a way to find a foundry and attract talent...)

The three seemingly simple questions are actually the concerns behind them.

1. Have you considered clearly whether your route is correct?

2. Are the team’s capabilities equal to what they want to do?

3. Have you considered the huge potential dangers of future development?

Based on his previous understanding of me, he only asked these three questions. Fortunately, he responded immediately. Although I didn't get his investment in the end, I am really grateful to him. At least I got a positive response when I sent out the document for the first time. (In fact, the most important reason is that there is no way to give me a CEO. For the entire project, money is indeed important, but people are more important.)

Then I started to mobilize all my friends to help introduce investors, whether they were buddies or former bosses, and I tried every possible way to contact them, whether it was through Weibo or WeChat.

The next person who responded to me was a big shot (CEO of a Nasdaq-listed company) whom I had chatted with twice on Weibo. Soon after he sent the document, he gave me his phone number and WeChat on Weibo. After a brief exchange of ideas, he told me that he thought the project was very promising! Come to Beijing for an interview when you have time... (Okay, it's Li Xiang-_-~~) After that, I basically met all the investors I could get in touch with through my friends. The accumulation of the past ten years and my reputation began to play a role... As long as you all-in to do what you think is right, everyone around you will help you.

First-tier VC partners at home and abroad, angel investors, investment managers, and even PE… all gave me a chance to meet and chat.

(I*G, Chen*, Shun*, Soft***, Hong*, Jin***, Zhen*, Hai***...) I don’t know if this is the first time they have encountered a startup team that is looking for investment and a CEO at the same time... As I meet more and more people, I constantly discover and correct problems in the plan, which also benefits me a lot. Thanks to Fisher, Li Xiaojun, and Liu De.

In fact, VCs also have their own styles. Some like to invest in software, some prefer hardware, some like to invest in stable things, and some like to invest in adventurers. A good team can actually allow VC to give a lot of valuable advice, and more often than not it is like communication. Before going to meet the emperor, no, no, no...it's an interview. Do a good background check. Basic understanding of each other is actually very important, and a good attitude is very important. Treat the matter of investment with an equal attitude, neither humble nor arrogant, rather than with a utilitarian attitude. Investing and being invested are actually two-way choices, and there is no question of who suppresses whom. In this impetuous and deceptive industry. For good projects, good investors will try every means to help entrepreneurs, because only if you succeed can they succeed.

We traveled back and forth between Beijing, Shanghai, Guangzhou and Shenzhen for more than a month, and at most we met three groups of people a day... At this time, we once again realized how serious this problem was: without operators, no one would invest in a project that was only developed but had no subsequent development capabilities. We even got in touch with the CEOs of two top domestic manufacturers through introductions, but after talking to them, they didn’t even think we could do it…

After the whole round of roadshow, in addition to some amazing finishing touches, the feedback focused on the following points:

The first thing that was recognized was the team. No matter what industry it is in, the gold content of the entire team is extremely high. It has reached the top level in product development. There are even investors who want us to switch to other industries that they are optimistic about, because they think it would be a pity if this team was abandoned...

Then there was the affirmation of the market and product plans. In the past year, they had also seen countless vehicle-related startup teams, but basically the problem was that they were not down-to-earth... thinking cars, unicycles, low-speed electric cars and even maglev cars... Only our plan was down-to-earth and relatively complete, but we also faced a lot of problems.

1. Without a finished product prototype, people cannot make up their minds to invest.

2. We need very heavyweight traders as the core of the whole system, but our team members are too professional, which leads to too many missing closed loops.

Some friends around me want to introduce me to investors who are willing to invest in the product development stage. Some even advised me to just be the CEO myself. It's better to take small steps, step by step, and see how it goes than to have it stillborn. But we are very clear in our minds that we must aim for mass production. Even if the product development is completed. Without a strong CEO and team, you will basically become a copycat product... It is completely meaningless!

There are only three paths before us:

1. Abandon the project. This is something we will never choose.

2. Extend the timeline of the entire project and use a design company to support the project.

But the risk that comes with it is that the plan has already been sent out to many people. Investors have always warned us: No one can guarantee that no one will bypass us and do it directly. (Here is China, anything is possible.)

3. Dilute relatively more shares, reduce the total amount of investment, cut some functions in the overall plan, and make a scaled-down prototype car. (This is the easiest path for us. Some investors have already offered this option. All that’s left is signing the term sheet.)

But this is the approach we least want to choose as a complete product. Each part was streamlined after countless deliberations and plans. It's not perfectionism that's at work, but rather a chain reaction that affects the entire body. I am very clear that if your requirement is 100 points, it would be good if you can only achieve 80 points, but if your requirement is 50, the final result may be only 30. Making a hybrid that is no different from commercially available products is absolutely putting the cart before the horse.

After two days of internal discussion, no results were achieved and no one dared to make a decision easily. what to do? ?

On a dark and windy night, after frantically recalculating all budgets and the feasibility of projects, I decided to go all out: not to choose any of the above paths, but to close myself off from a dead end!

(In fact, it is also based on the confidence of all team members in the future of the project, rather than pure gambling. But someone must make this decision and bear all the consequences that may come with this decision, pushing things forward instead of being pushed by things.)

We closed the design company, stopped all design outsourcing projects, and went all out to use all the resources we could mobilize to make the prototype car using the most primitive hand-made methods! Just when I stopped all the projects I was working on and was ready to go all out, a turning point came.

One morning I received a call from an investor: Huang Mingming from Mingshi Capital.

I got to know this angel investor of Autohome through the introduction of Mr. Li Xiang. We met and talked once in Beijing before, and he introduced me to big names from BYD and Chery Automobile. He was a very good investor, not at all arrogant, and gave me a lot of advice. Bad investors only think about lowering prices, taking advantage of entrepreneurs, and even grabbing the steering wheel after investing. A good investor will do everything they can to help you build a team! Only by helping each other can we win together!

We were very lucky to meet Huang Mingming. On a rainy summer evening, in a cafe in Chaowai SOHO, I once again stated that if we could be introduced to a suitable CEO or a good enough team, we would not mind being merged, or even holding a minority stake.

Huang Mingming sounded a little excited when he received the call: "Do you have time to come to Beijing next Monday? There is a heavyweight industry figure who might be willing to join us! I can't tell you who it is for now, let's talk first."

There must be time, okay! Although I had somewhat lost hope, friends or investors had been introducing me to candidates for CEO over the past few weeks, but each time I went with hope, I returned disappointed. No one wants to switch from the hot Internet, app, finance, and mobile game industries to work in the electric vehicle industry, which seems thankless and low-level...

I arrived in Beijing on a Monday morning flight and went straight to a cafe near the Bird's Nest. When he met Huang Mingming, he pulled me aside and asked: Do you know XXX? (He is much older than me. Hereafter referred to as Brother X. Keep a low profile, keep it secret for now…)

I was stunned when I heard the name... Uh... Brother X has been an idol-level figure for many years... I actually got to meet him in person... I'm so excited. When I was still in elementary school with a runny nose, he was already making his mark in the investment world, and now he's already a big shot in the investment world.

Well, I guess it’s just a chat, maybe there will be hope of investment... I don’t expect him to be the CEO...

After we sat down, we didn't waste any time and started talking about the project directly (Brother X was completely humble... so nice) and quickly went over the BP that I had basically memorized. Brother X listened to the entire plan calmly, and then pointed out: Your vision is not big enough... your direction is too narrow...

I really don't know whether to laugh or cry. The initial plan was not small, but after a period of setbacks, our scaled-down BP goal became to start with niche products, stop the design company's project, and do it slowly. Build the product and brand first and then grow slowly.

I quickly took out the original version and gave a brief explanation. After reading the plan, Brother X expressed many of his opinions, including: the product must be perfect, it must meet the needs of most people, and the team must be located in Beijing... I was stunned. Except for the fact that the team must be located in Beijing, it was basically exactly what I thought. I really didn't expect that he actually knew so much about this industry. I always thought that electric vehicles were an industry that not many high-level executives paid attention to.

We chatted pleasantly for more than an hour and after exchanging contact information, Brother X left as he had a meeting. Huang Mingming said to me earnestly: Seize this opportunity, I can’t think of anyone more suitable than him to lead your project…

To be honest, I didn't have any hope at all. How could a boss of this level go into business on his own? The best possibility is that they are willing to invest in us and continue doing this. After briefly chatting about the progress of the project and the next plan, we left the cafe and went to the hotel.

Back to the hotel, haven't turned on the computer yet. Then I received a call from Brother X, and he started discussing many details with me, especially many details. From battery to frame, to structure, appearance, style, and market. The phone call lasted for more than an hour, and we agreed to go to Jiangxi the next day to meet the boss of a medium-sized manufacturer. It reminded me that I had had in-depth discussions with some investors before, and we also went to investigate the industry together. It makes sense if you think about it. Take a look at markets in different places. You definitely need to know more before deciding whether to invest. After that, we basically maintained ultra-high frequency communication through phone calls and WeChat. After going to Nanchang, Brother X asked me to meet him in Shanghai and asked me to bring the entire team to have a chat.

August 1, 2014 is a day of great significance. I brought a group of brothers to the hotel and chatted with Brother X for a long time. After discussing all the project details, we had lunch together.

Finally, he pulled me aside to discuss the details of the investment: the entire team would move to Beijing, and you would be in charge of R&D and brand as vice president. I'll take care of the other missing team members. Invest X million first, and then do it the best! Design the entire product according to the world's top standards! The founding team all receive a basic salary of xxxx yuan.

I was distracted. What's going on? This is too fast... Wait... Are you sure it's X tens of millions, not X millions? Or first? Is there anything else? ? ? I felt dizzy...Happiness came so suddenly. It’s only been a few days since we first met. (X and Huang Mingming have been watching this industry for more than a year, and have come into contact with many teams at various stages along the entire line, but have not found a good and down-to-earth team. It is not as simple as deciding to invest on a whim. Haha..)

Some are too fast. . I have no idea...Salary? Just enough to eat is enough... a little more than the 5,000 I set for myself before... (Many startup teams start offering themselves high salaries after getting investment. This is putting the cart before the horse. They offer themselves high salaries before they have done anything yet. If you want a high salary, don't start a business! This is an iron rule!)

In a trance, we went outside to smoke a cigarette together. I couldn't help but ask, "Brother X, are you sure you want to run the business yourself?"

The answer I got was: "Of course, otherwise why would I go to so many places with you?"

Whenever I think about it now, I can't help but get excited and tremble a little. Uh, it's really unbelievable... It's completely beyond my expectations. A few days ago, I was working hard welding car frames in the processing plant, but today I have a CEO. Not only did I find a CEO, but I also invested money and people? ? ? ? ? ? ? The three views are consistent and we promise not to interfere with the design of the product. As long as there is no directional error, we will do whatever you say. Are you kidding? Who the hell believes that?

OK, I admit that I am still skeptical: it’s not that there are no investors who put their CEO title on the board, but in fact they rarely go to the office… At least it solves my biggest problem now, I have the funds and team to make our product…

The next month: I formed a core team, and Brother X took me to visit a bunch of great people...all kinds of people I wouldn't even dare to think of.

Decided on a brand name and purchased the ridiculously awesome domain name niu.com (so fucking awesome…)

It only took me 20 days to build a 999.999% awesome co-founder team. (The 0.001% difference is me -_- ~ )

A: A top low-key boss, a youth mentor, and a super genius. Having left his mark in many industries, he is now setting sail again and returning to the business world.

B: A middle school graduate who came to the city to work struggled for 15 years and reached the pinnacle of his life. He once again gave up everything and rode thousands of miles to Beijing to pursue his dream. (That’s me…)

C: A young and talented blond-haired man, under the baptism of the core socialist values, gave up the top position in a top capitalist company and joined hands to build a harmonious socialist society.

D: A veteran of a top company, a new-age marketing planner who works late at night, and a demanding Internet product manager. Give up a large amount of options and fight for your life again!

E: Starting from scratch, he built two listed companies, became the domineering supply chain manager, and took care of the production line. He followed the CEO back to the business world without hesitation.

F: A legendary folk master, a tech geek, who devoted himself to research and occupied the high-end intelligent electronic control market at home and abroad. After being visited three times, he decided to join the gang.

Those who have read the previous article should know what happened next: the lunatic rode for more than 2,000 kilometers, from Shanghai all the way to Beijing...

After arriving in Beijing, I began to look for an office and continued to recruit people to expand the team. (All the familiar people were in Shanghai... After moving to Beijing, I tried all kinds of ways to recruit people from all over the place...) After talking to the electric vehicle industry, I really couldn’t find the right talent for us, so I adhered to the concept of using a sledgehammer to kill a chicken! Then they expanded their search area and formed what might be the most mixed and powerful coalition team in history:

Motorcycle guys, car guys, heavy dump truck drivers, smartphone guys, smart robot geeks, multi-axis flying chess players, cafe influencers, kidney fruit OEM project managers, TV sales operators, open source software programmers, electronics OEM supply chain guys, and mold guys.

In order to make up for our weaknesses in vehicle development and mass production, we directly found a team from Honda R&D, one of the top companies in the industry, to collaborate on research and development... This is something I never dared to think of before...

Thanks to the few thin faces I had in the past: Luo Yonghao, Li Xiang and other big shots helped me forward the recruitment advertisement when I first arrived in Beijing, which allowed me to successfully lure a group of brothers and sisters to Beijing with their families to start work... I can't say more about the rest, otherwise it would be a leak...

By the way, remember I said above that I was afraid that CEO X would just put his name on the company, invest some money, and not come to work?

Now he has cast off the halo of being a great investor and spends six days a week in the company ^_^~~

After reading this, do you feel that I have finally reaped the rewards of my hard work, that the 24K pure loser has fought back, finally become the president, and reached the peak of my life?

If you think so, I can only say that you are too naive.

The bigger the team, the greater the investment, and the greater the pressure.

Everyone around us is helping us, and if we fail to fulfill the promises we made, we would be slapping ourselves in the face.

Countless days of forgetting to eat,

Countless sleepless nights,

I sent it back to the original plan countless times.

I was so angry with suppliers that I vomited blood countless times.

Behind this is the bitterness of working hard with a group of passionate dreamers for the common goal in our hearts.

Having experienced the ups and downs of the past years, I understand better how hard it is to have what I have now.

Stick to your original intention, stay confident in adversity, and restrain your expansion in prosperity.

Be responsible for the team, the product, the investment, and yourself.

It has just begun.

do your best,

never let yourself regret.

all in or nothing.