"The survey shows that: from A round to B round, 60% of the companies will fail, from B round to C round, nearly 70% of the companies will fail, in the whole financing process, from A round to C round, the death of the company The rate is as high as 88%.”
Although there are many factors that affect the successful transformation of enterprises, the pigs can fly when they step on the wind. As a member of popular industries such as artificial intelligence and IoT, it has completed the A round of financing. Roy Li's Ruff has extended the original IoT project through the blockchain outlet, and successfully realized the industrial Upgrading, corporate transformation, and promotion to the latest wind vane in the venture capital industry.
Author Tong Yulin | Editor Xiao Neon
Although there are many factors that affect the successful transformation of enterprises, the pigs can fly when they step on the wind. As a member of popular industries such as artificial intelligence and IoT, it has completed the A round of financing. Roy Li's Ruff has extended the original IoT project through the blockchain outlet, and successfully realized the industrial Upgrading, corporate transformation, and promotion to the latest wind vane in the venture capital industry.
Roy Li, Chinese name "Li Yan", CEO of Ruff, well-known hacker, former security consultant of Verisign and Trend Micro. Former technical director of Nokia OVI and won the competition with Apple MobileMe. In the 2016 Tech Crunch Innovation Competition, Ruff won the championship with the IoT operating system; he is also an excellent producer of four QCon (Global Software Development Conference). The Ruff team led by Li Huo is committed to developing the next generation of hardware technology, and strives to redefine hardware with software, thereby changing tens of thousands of family lives, business environments and industrial production models.
1
IoT + blockchain is like fighting landlords online
In July 2017, the A round of financing of 21 million yuan was completed, and Ruff is already very rich; before the blockchain, the B round of financing has been started, and Ruff's business model is already very mature. At this point in time, it is extremely difficult to expand to become a blockchain company and obtain the consent of conservative shareholders, so that it can jump out of the comfort zone and be willing to take risks.
In early 2017, he began to study blockchain technology. After many attempts, Li Hao believes that the blockchain industry is not driven by blockchain technology itself, but by digital assets. Li Ye, who has a background in technology, is keenly aware that the blockchain technology itself contains huge potential. If it can be applied reasonably, the blockchain will definitely play a huge value in the Internet of Things, Internet and other projects.
"Looking at the ridge and the peak on the side, the distance is different." Different people will have different views on emerging things. Li Yan affirms the blockchain technology and believes that it has unlimited potential; while some conservative shareholders are not very optimistic about it. With the convening of the general meeting of shareholders and the deepening of the communication process, investors with opposite opinions wanted to kick Li Ye out of the game, and even proposed to liquidate the company.
The event finally ended with some shareholders withdrawing from the board of directors and Ruff's successful transformation. Talking about Ruff's successful transformation, Li Hao is confident and full of self-satisfaction, he told the reporter of Er Finance and Economics: "I am a technical person myself, and if I don't study the blockchain well, there is no clear application. If it is a model, it will not be taken rashly. It is not only the blockchain, but also the management of Ruff. Some people are optimistic about Ruff using JavaScript to replace the embedded programming method; The probability of successful implementation is not high. The reality is that from 2014 to 2016, I did not encounter obstacles, and new products were made.”
Ruff's main business is the Internet of Things in a broad sense, such as urban infrastructure, and building energy contract management in properties. Specifically, it includes the management, operation and maintenance of power generation in power stations, data collection of CNC machine tools in factories, and remote operation and maintenance of robots in manufacturing. These businesses can generate high GDP, but will not involve the Internet of Things of electronic consumer products.
2
Not all data needs to be uploaded
The Internet of Things + blockchain is like playing a stand-alone Doudizhu by yourself. You can change the cards in your hand and change your score. You can change everything, but if you play Doudizhu online, your data cannot be changed. Yes, if you lose money, you lose money, and your cards cannot be changed. In this case, you will feel that you are still playing the same game, but the feeling is different.
The biggest feature of the Internet of Things plus blockchain is that under the premise that the data is true and credible, relatively real data will generate the value of things. And the value of things, such as the value of data, such as the property rights of things, and the settlement between the property rights, can be digitized, and then flow in the whole process.
Li Hao told Ear Finance, "There is a trust problem that needs to be solved urgently between the property, the developer and the owner. What kind of trust problem? For example, if the property helps the owner make a set of automated energy management contracts, it can be Help the owner to save electricity, but the specific details must be followed. Only in this way can the trust of the owner be gained and it is beneficial to the developer to manage the industry. Specifically, how much will it cost to install a photovoltaic device on the roof of the owner? For electricity, there must be detailed data that can be checked. These data: for developers, it may involve an investment of 6 million; for owners, it is the monthly electricity consumption that will be converted into property fees. Therefore, These data are important."
Li Yan believes that the combination of IoT and blockchain is not to solve those trivial matters, but to solve project problems with extremely high trust costs. For small data problems, it is not economical to use distributed data storage technology; if it is stored in a database, it is convenient, fast and cost-effective. If there are 1 million people, if each person stores a transaction record, it will greatly increase the cost of transaction record storage, which is not cost-effective!
When the cost of trust is high, the use of blockchain technology can demonstrate its value. For example: in the point-to-point payment process, such as credit reporting, insurance, due diligence, etc. Breach of contract, fraud, insurance fraud, etc., occur from time to time. In order to ensure the security of the payer's assets, blockchain technology comes in handy. Another example is supply chain finance, asset securitization and other industries, which can also use blockchain technology. In addition, 99.99% of the data does not need to be on the chain, that is, only 1 of the 10,000 data needs to be on the chain, and most of the data do not need to be on the chain.
3
Take landing as the first goal
Before the official launch of the blockchain project, Li Hao used Ruff as a platform to immerse himself in blockchain research for two years. From 2015 to 2017, when it was put into use, Li Hao called it the seed stage of the entrepreneurial incubation period, that is, there are only ideas, but no formed products. During that time, the entire company was under high pressure. Because of his confidence in the IoT project and clear ideas, Li Ye was not frustrated.
Li Yan also said that after the transformation of the blockchain, Ruff's internal financing has entered the B round, and it has been 4 years. If at this time, Ruff still has uncertainties in the direction of his business development, it will be unacceptable and unacceptable to him. His thinking is very clear, he will continue to work on IoT projects, and if necessary, add some blockchain technology to assist the development of IoT projects.
With blockchain technology, the development of the Ruff IoT project has been deepened, the procedures of the entire project have become more complete, and the development cost of the entire project has been greatly reduced.
In the community, it will still be dominated by developers. For those projects that require the integration of IoT and blockchain technology, they can be developed according to the public chain of Ruff. Ruff's goal is to lower the threshold for blockchain technology development, allow everyone to participate, and solve the basic needs of technical talents who want to embrace blockchain.
I am Tong Yulin, the author of this article,
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