Kim Cheol-su carefully reviewed the business plans brought by Moon Young-jo and Kim Hak-dong.
However, it was not the Afreeca I experienced in the future.
There was no star balloon system, and the only profit model was advertising revenue.
“It’s a bit poor.”
There were slight wrinkles around Moon Young-jo’s eyes.
‘What are you calling your knowledge poor?’
It was a business plan that I created while sleeping for almost a month.
I was thinking to myself that I had made it well enough that I could show it to anyone right away and be convinced.
“One is a chaebol hater, the other is a reporter who blew the whistle. “Will companies easily give out advertisements?”
“···.”
“Are you sure you took that into consideration when creating the business model?”
There was a huge gap between the appearance of Kim Cheol-soo when they chatted over coffee and the way he looks now.
Kim Hak-dong suddenly came to his senses at the very contradictory tone of voice.
The expression on the face of a keen investor.
When I thought about it, what I said wasn’t wrong at all.
Advertisements are supposed to be provided by companies, but is it as easy as he said?
It was a point I hadn’t thought about.
“You said you wrote a business plan while staying up all night, but I have some doubts.”
The servers expanded while running Nauri and a web hard drive company were sufficient.
Since we also had video transmission patents and technology, there were no problems in providing the service.
However, it was actually unclear whether this alone would make money.
Even if you invested, you would only suffer long-term losses.
Kim Cheol-soo went through the business plan page by page with a stern expression, pointing out problems.
And the more criticism he received, the more Moon Young-jo felt that he was becoming infinitely smaller in front of Kim Cheol-soo.
My business experience running Nauri was of no use.
I couldn’t even properly refute what the office worker said.
Because each and every one of them was a valid point.
‘Why are there all these people?’
With that thought, Kim Cheol-soo began to appear again.
This means that they are not simply wealthy investors.
“after···.”
“hmm···.”
Kim Hak-dong and Moon Young-jo looked at each other and sighed with gloomy expressions.
Kim Cheol-soo, who was looking at the two in turn, suddenly changed his expression, clapped his hands and spoke energetically.
“Well, there are definitely advantages in that the infrastructure is in place and the video transmission technology is the best in the world.”
“···.”
“I think we just need to modify the business model a bit.”
Moon Young-jo asked cautiously.
“Do you have any good ideas?”
Of course, Kim Cheol-soo was someone who had already experienced the rise and fall of personal broadcasting.
First of all, you need a lot of subscribers.
And there must be attractive talents who run personal broadcasts, that is, BJs.
They gather people again and increase the scale of the broadcast.
In order to create this virtuous cycle, it was necessary to attract energetic young people.
Therefore, we had to find something that could attract the younger generation.
After thinking for a while, Kim Cheol-soo opened his mouth.
“How about running a gaming channel?”
“A game?”
“yes. “Isn’t StarCraft really popular these days?”
“It’s very popular among young kids.”
“But now I can only watch games broadcast by broadcasting stations.”
Moon Young-jo, who had a blank expression, suddenly opened his eyes wide and nodded, as if he had been hit by something.
“I can see it when I go to OnGameNet, but it’s so slow that it’s frustrating and frustrating.”
Moon Young-jo slapped the desk and continued speaking.
“Our system will allow a much larger audience to seamlessly see what they want to see.”
“Do you see me often?”
“Yes, I like games too. Fortunately, there is no incident with that side…”
Lee Hak-dong interrupted Moon Young-jo.
“What about the game videos that are illegally distributed on Nowbox? “What are you going to do with everything?”
“Oh, if I start this, of course I have to stop.”
Moon Young-jo, who answered firmly, looked at Kim Cheol-soo.
“I think we can definitely do that.”
Kim Cheol-soo nodded as he looked at Moon Young-jo, who had a confident expression on his face.
‘It’s okay.’
“Secondly, it would be good to have advertisements appear in various places in the video rather than being crowded in one place.”
“hmm···.”
Inserting advertisements between videos was not a difficult technique in itself.
However, if an ad pops up while watching carefully, will people really accept it?
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“I don’t think it’s a good idea. Koreans are famous for being impatient, so why bother using the service?”
‘Is this too early?’
Kim Cheol-soo thought for a moment and then shook his head.
“Now, let’s think about it. While I’m engrossed in an interesting video, an ad comes on. So, wouldn’t you want to see the next content even if you saw the ad?”
“hmm···. “If it’s such an attractive video, it might be possible.”
“It has to be fun first.”
“In that case, it would be a good idea to apply it first only to personal videos that have gained some level of recognition.”
Kim Cheol-soo smiled at Moon Young-jo’s answer.
‘You have sense.’
“That would be great.”
“But I don’t think that will be enough. “I think there will still be complaints.”
“What if we create a premium service?”
“yes?”
“If you pay a certain amount of money per month, you can stop seeing ads.”
“ah···!”
“And the money brought in from advertising and premium services is shared with those who broadcast privately.”
Moon Young-jo’s sparkling eyes suddenly became absurd.
“yes? “Let’s share the profits?”
“Wouldn’t that make more people want to broadcast?”
Moon Youngjo lowered his head and was lost in thought.
It was a fairly complex problem.
But soon, the eyes of Moon Young-jo, who had business acumen, sparkled.
This was because it was a method that penetrated the points he was most concerned about while creating a business plan.
Creating a platform was not difficult.
However, I was worried about how to encourage members to broadcast in real time, and Kim Cheol-soo’s suggestion just solved the problem very clearly.
“You may not be able to make a big profit from the beginning…”
Moon Young-jo looked at Kim Cheol-soo with new eyes.
“As the number of subscribers and members increases, more advertisements will come in and at a higher price. Profits will also gradually increase.”
Lee Hak-dong also burst out in admiration.
‘This person is greater than I thought.’
Moon Young-jo, who had been staring at Kim Cheol-soo for an embarrassingly long time, opened his mouth.
“I have a question.”
“yes. “Tell me.”
“Why are you an office worker? Without doing business.”
Kim Cheol-soo, who was silent for a moment, turned his head and fiddled with the bag next to him.
“There is something I want to do. “I will continue to work at the company until I do that.”
Moon Youngjo nodded and did not ask any more questions.
Afterwards, the business talk, which lasted nearly three hours, ended on a warm note.
“Then I guess I should tell you about investments now.”
Kim Cheol-soo recalled his current financial situation.
There are 18 apartments in Gangnam alone.
It was purchased for an average of 600 million won and has now risen to 800 million won.
As he remembers, housing prices peaked during the 2007 presidential election.
Apartments in the Gangnam area all exceeded 1 billion won.
At the time, the number of sales reached a record high as the presidential candidate pledged to raise apartment prices.
In 2005, I continued to plan to purchase an apartment.
If you gradually dispose of apartments starting in 2006, you could make a market profit of approximately 10 billion won.
There was a balance of about 2 billion won left in her personal bank account, and Hye-na had net assets of 20 billion won without any debt.
If the situation was difficult due to lack of funds, he could ask Hye-na for help, but for now, he planned to somehow solve the problem on his own.
Android’s 1.5% stake was not yet the right time to dispose of it.
I had to keep holding it.
“2 billion in stages, over 4 years. “We will invest a total of 8 billion won.”
Since the infrastructure and technology were already secured, it seemed like most of the money invested would be for hiring people.
Moon Youngjo was lost in thought for a moment.
‘That’s 2 billion, 6 billion in cash over 3 years. Labor and operating costs will not be a problem. I think the service could start as early as the end of this year…’
In fact, Moon Young-jo thought the value of Nauri’s infrastructure and technology was around 15 billion won.
A total of 8 billion won is less than he thought, but after talking today, that wasn’t that important.
Right before my eyes, I felt confident that this person would play a big role in running Afreeca in the future.
“Once I start this business, I plan to quit the web hard work I am currently doing. “If I want to start discussions with OnGameNet, I will have to delete all illegally uploaded videos from my web hard drive.”
“okay.”
“So, I’m thinking of creating a new company at this point. Let’s start with two partners and one investor. I think the stake is 4.5:4.5:1. Cheolsu and I each have 45%, and Kim Hak-dong has about 10%.”
Moon Young-jo explained calmly.
“Oh, of course this guy is broke, but he has a wide network of contacts, so he will help lubricate our business well.”
‘45%.’
Considering the size of Nauri, this amounted to securing a considerable amount of equity relative to the investment.
After finishing the calculation, Kim Cheol-soo smiled and held out his hand.
“great.”
Moon Young-jo also held Kim Cheol-soo’s hand with a bright face.
It was said that for life to bloom, you must meet a noble person.
Moon Young-jo seemed to be the talented and young investor in front of him.
Kim Cheol-soo also shook hands with Kim Hak-dong.
“I’m looking forward to it.”
“I will do my best.”
This is Eddie, a married man.
“First of all, what I have to do is…”
Hanyoung Electronics’ president’s office.
“So you immediately summarize the agenda items that come up at the meeting, decide whether they will be beneficial or detrimental to Hanyoung Electronics, and then tell the president about them?”
Choi Kyung-jun nodded at Jo Yoon-jeong’s words.
Cho Young-hwan told me not to worry about Choo Seong-tae’s dismissal, but I didn’t expect Jo Yoon-jeong to come.
He was a guy who was considered a prodigy since he was young.
After high school, he entered the Department of Electrical Engineering at MIT and graduated from Harvard Business School with a doctorate.
He was the smart younger brother who joined IBM right after that.
Since he was quite close with him when he was young and heard news from him often, the person named Choo Seong-tae had already disappeared from Choi Gyeong-jun’s mind.
“That’s no problem. “What more can you ask for?”
“It would be nice if you could do that for now.”
“All right. president.”
“Yunjeong-ah.”
“yes?”
“If you need anything, let me know right away.”
Choi Gyeong-jun appears favorably.
Jo Yoon-jeong quietly opened her mouth.
“I’m a little curious about the new project being carried out at SKY Teletech.”
“Oh, that? I’ll send you the materials. “What more do you need?”
“yes. “I think that’s enough.”
“okay. “I wish you the best in the future.”
Jo Yoon-jeong bowed politely and left the president’s office.
She looked back at the door and burst into laughter.
‘When did you become such a good asshole? Are you asking someone else to do the boss’s work? I think there’s something wrong with your grandfather.’
After entering the office, Jo Yoon-jeong heard a briefing from the secretary about the work of the planning director and finished preparing for work that would begin tomorrow.
Meanwhile, Choi Gyeong-jun’s secretary knocked and brought a pile of materials under the boss’ instructions.
Jo Yoon-jeong smiled as she turned the first page of the document.
“Smartphone? “That’s a good name.”
Jo Yoon-jeong was examining the data with an interested expression.
The secretary, who was anxious to get off work after 10 p.m., was so engrossed in the material that he didn’t even notice when he timidly knocked on the door.
Jo Yun-jeong, who had read the entire contents down to the last period, jumped up and walked back and forth around the office for a while.
And then, looking at the night view of Seoul through the large glass window, I muttered.
“You’re crazy.”
Jo Yun-jeong wiped her nose as she watched the cars flashing by quickly.
“This small company was doing this? A business that, if successful, will turn the world upside down?”
When she returned to her desk, she found a document with a progress report written on it.
“There’s a problem. There is no way this could be commercialized because the battery dies after one hour of use. “I know I need a low-power processor, but I can’t find a suitable one…”
Jo Yoon-jeong tilted her head.
“you idiot? Can’t we just develop it? The CEO of SKY Teletech… Lee Jang-hoon? “What is this guy doing?”
She was shuffling through documents again and flopped down on a chair.
“Why is Hanyoung General Trading controlling this company? I don’t understand. “I can’t do anything because I’m not in the same industry.”
Jo Yoon-jeong frowned and muttered.
“I need to bring SKY Teletech to Hanyoung Electronics. Starting from the team leader level, we completely changed everything. “I have to lead this project.”
– Knock knock.
“Manager.”
Jo Yoon-jeong raised her head and responded to the secretary’s voice.
“Please leave work first.”
“···yes. All right.”
The secretary quietly closed the door and left, and Jo Yoon-jeong, who was shuffling through documents again, suddenly muttered.
“First of all, I need to change the secretary.”
After sighing slightly, she immediately got up, picked up her cell phone, and made a call.
– hello?
– it’s me.
– Uh, did you have a good time in Korea?
– then. I’m still working.
– Isn’t it night over there? Well, Dr. Joe is a workaholic.
– what.
– what’s the matter?
– How’s the CELL processor thing going?
– I can’t tell you that you quit the company.
– Why is this happening? Between friends?
– Hahaha, no.
Jo Yoon-jeong smiled and continued speaking.
– Dr. Sue.
– huh.
– Do you want to come to Korea?
– ha ha ha. Do not joke.
– No joke. A small company in this small country is working on a huge project. However, these people don’t even seem to know what they are doing.
– What’s going on?
– I’ll let you know when I get there.
– are you kidding?
– The opportunity will never come again.
– hmm···. I’m curious because you talk so seriously. Can you tell me at least roughly?
– no.
– Umm…
The two have been best friends since their days in the electrical engineering department at MIT.
The two, who were almost the only Asian female students in the electronic engineering department where all men attended, went to school relying on each other.
Afterwards, one went to graduate school at MIT and the other went to Harvard Business School, but they met again at IBM.
– Come visit us sometime.
– okay.
Jo Yoon-jeong hung up the phone, put down her cell phone, and tapped the desk.
‘I’m the only one who can solve this project. and···.’
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