In April 2018, BOWTZ Chairman Xu Daoju made a study tour to the United States.
Eastward Travel
-Chairman Xu Daoju's Silicon Valley Spring Tour
As a global innovation engine, Silicon Valley has always been a mecca for entrepreneurs all over the world.The core philosophy of Silicon Valley is freedom of thought. Here, groups of young people with dreams, following the footsteps of the sages, freely exploring the unknown world. Stanford University, the world's center of technological innovation, has produced many leaders of high-tech innovations and talents with supreme entrepreneurial spirit, including 81 Nobel Prize winners, CEOs and founders of Microsoft, Google, HP, Yahoo, Tesla, Firefox, eBay and many other giant companies,two presidents of the United States, two prime ministers of Japan, etc.From April 28 to 29, 2018, Chairman Xu Daoju ushered in an important page in his U.S. study tour and entered Stanford University, which is known as the "cradle of innovation in Silicon Valley".During this period, distinguished guest lecturers took turns to communicate and share.
Learning chapter
Stanford University carefully arranged the opening ceremony of the visit. Dr. Shao Jun, founder of chuanghehui, and Prof.Ye Fusheng, the U.S.-China science and technology consultant, delivered a welcome speech. Dr. Shao pointed out: 'the spirit of Silicon Valley is of great significance! This will be a very deep study tour! After three years, we come to Stanford again and feel more cordial!Stanford University has created a global highland of innovation - Silicon Valley, and has played an important role in promoting the development of Silicon Valley and creating the entrepreneurial spirit of Silicon Valley.Thus, with the current trend of innovation and entrepreneurship, there is no better place to come for deep learning than Stanford and Silicon Valley!' Prof. Ye said: 'Passion, the soul of innovation!As the most important university in Silicon Valley, Stanford University, emphasizes the relationship between theory and practice, between knowledge and vision, between East and West.With the rapid development of innovation in China, many companies are well-known in the world.An important factor in the success of innovation is to be passionate. Only by being passionate and not afraid of failure will produce amazing achievements.'
The appearance of Mr. Newell Arnerich, Mayor of San Francisco Bay Area,drew a round of applause.Mr. Newell Arnerich gave an impassioned speech:'Technology is very important and can be more effective in environmental protection.California's Bay area is also very lucky to have many of the world's top universities, such as Stanford University;With top-notch research centers, these clusters of universities and research centers will also diversify technology in a diverse environment, enabling the sharing of resources and providing a first-class technology and entrepreneurial environment for California and the Silicon Valley.In the San Francisco Bay Area, we have only one vision: to bring together the world's most advanced technologies to build a better future for us, for the benefit of our children and grandchildren, and to create a better environment for the planet! Creating the best future with the most advanced technology!'
Professor Stephen Boyd, Dean of the Department of Electrical Engineering at Stanford University, presented the course "The Role of Embedded Optimization in Intelligent Systems and Products", which used the engineering system to provide insight and clever integration to real-life workflows, quantitative trade analysis in cost and finance, etc. The course provides more mature intelligent systems, models and higher efficiency for intelligent innovation, and also presents the potential pitfalls of these systems.
The course "Silicon Valley, High Ground for Innovation - Artificial Intelligence", presented by Dr. Volker Kuebler, an expert in the field of global business transformation at Stanford University, clarifies to us the significance of artificial intelligence with a quote from Vladimir Putin: "Artificial intelligence is the future of all humanity and it brings great opportunities, but also unpredictable threats. Leaders in this field will become world leaders", on the basis of which the impact on strategic data optimization and the application of AI in various fields is studied in depth.
Dr. Paul McEntire is a long-time hedge fund investment manager, Chairman of Palo Alto Advisors, and Director of the Stanford Angel Investment Club. In this course, Dr. McEntire will introduce investment principles, investment risk management, hedge fund principles, and the Growth-Optimal (or expected-log) Model. While presenting the results of these amazing techniques, the professor also explained their importance and value in practical applications.
Professor Tom Kosink from Stanford School of Engineering gave a course on "Technology Innovation and Management". Professor Kosink emphasized that cooperation is more important than competition in the marketplace, that gaining customer delight is a key factor in business development; that innovation should not be imitated, and that innovation is not bound to any idea. Cooperation among businesses has a much higher survival rate compared to monopolizing a large market.
The two days of fulfilling campus life came to a perfect end, and the exciting academic tour brought by the professors from Stanford University will come to an end. Chairman Xu Daoju pointed out that the characteristics of academic courses are actually a way of thinking rather than a transfer of content. The Western language is particularly logical, and the professional academic content will be explored slowly from the basic principles, which is somewhat different from the domestic teaching.
Entrepreneurship
On April 30, the U.S. study tour focusing on technology and investment and financing innovation invited two heavyweights in the field of venture capital and technology, Mr. Steve Hoffman, the "Godfather of Silicon Valley Entrepreneurship", angel investor and founder of Founders Space, and Professor Zhang Shoucheng, a tenured professor of Stanford University and founder of Danhua Capital, to give a lecture on investment strategies in the new era from the perspective of Silicon Valley and to look ahead to disruptive innovation technologies. The two speakers, Mr. Steve Hoffman, the godfather of Silicon Valley entrepreneurship, angel investor and founder of Founders Space, and Prof. Zhang Shousheng, tenured professor of Stanford University, foreign member of the Chinese Academy of Sciences, member of the National Academy of Sciences and founder of Danhua Capital, will teach investment strategies in the new era from the perspective of Silicon Valley, look ahead to disruptive innovative technologies, broaden cognitive boundaries and dialogue with the future.
Chairman Daoju Xu and Professor Steve Hoffman
Steve Hoffman, the heavyweight godfather of entrepreneurship in Silicon Valley, angel investor and founder of FoundersSpace, the #1 ranked startup incubator by Forbes magazine, will share the theme of "Criteria used by venture capitalists in Silicon Valley to select unicorns", revealing how to find unicorns.
With his rich experience in venture capital and business incubation, Mr. Steve Hoffman elaborated 12 criteria for finding future unicorn companies from the dimensions of team screening, industry trends, and competitive advantages, combined with cutting-edge technology fields such as AI, blockchain, genetics, nano, and virtual reality.
Team: When a company is in its start-up phase, the key is to see if it can attract top talent.
Market: The criterion for evaluating a startup is the market. The size of the market is not required at the beginning of the startup, but the potential to have a huge market must be present.
Customer: Who is your target customer? This question considers the CEO's ability to think paths and solutions, and we must know all kinds of information about our customers.
Watch the wave: Startups can grow quickly if they catch the wave of artificial intelligence, blockchain, DNA gene editing, VR/AR, etc. New technologies will lead startups to open up the market when they are introduced, so they can be used as leverage to grow fast.
Exclusive recipe: Where is your differentiation? It won't work if it's just a little bit higher; it's disruptive innovation that will get people hooked and behave accordingly. Your product should be differentiated from similar products. One more feature just gives users one more choice, and what matters is the difference in core value.
Business model: It is more common that the two business models are: A. Customers pay directly; B. Customers pay advertisers, who then pay you. The effectiveness of the advertising model depends on whether the volume of customers is large enough and whether the stickiness is high enough, otherwise the advertising model does not work; the other is direct payment, depending on whether the volume of retained customers is large enough, and if the gross profit is not high enough, there will be problems in future customer acquisition.
How to look at the second place: the Internet world is a winner-takes-all world, only the really strong companies will become the first place, outside the top three is never looked at.
Patents: In the future, we will be very cautious about patents, especially in medical and semiconductors, where patents are the focus. For software companies to apply for patents too early is actually unnecessary, first of all, to do a good job on the product and business, and wait until the growth period to submit patents; secondly, for areas such as semiconductors, nano, medical, etc., it is recommended to apply for patents at the beginning, but business is still very important.
Design: Stanford's design-based thinking is strong, Twitter is part of the innovative design model, and Facebook is an innovative design model coupled with an innovative business model.
Media attention: It's good to get more media attention in the early stages of a business. Since startups don't have a lot of marketing dollars, they can get more financing if they have a compelling story that gets media attention.
Due diligence: The focus is on understanding who owns the software and hardware.
Fun: The atmosphere in startups is all very happy, and success is perceived from the interaction of the team's employees.
Professor Zhang Shousheng, a tenured professor at Stanford University, a foreign member of the Chinese Academy of Sciences, a member of the US National Academy of Sciences, and founder of Danhua Capital, gave a keynote speech on "Quantum Computing, Artificial Intelligence and Blockchain". Prof. Zhang explained what is quantum computing, artificial intelligence and blockchain in easy-to-understand language.
Chairman Daoju Xu and Professor Zhang Shousheng, member of the National Academy of Sciences of the United States of America
Quantum Computing
The quantum world is essentially parallel, and a quantum particle is able to pass through two slits at the same time. Therefore, quantum computers are capable of performing highly parallel quantum computations, far more efficiently than classical computers. However, the information of a quantum bit is difficult to store, and even weak environmental noise can cause decoherence and thus destroy its quantum properties.
Based on the "angel particle" topological quantum computer, Zhang Shousheng and his team finally discovered experimentally the existence of chiral Majorana fermions, also known as angel particles, in the proposed device. The natural propagation of particles leads to non-pairwise easy braiding. This allows for non-local storage of information and thus is not affected by local perturbations. The angelic particle allowed the world view of positive and negative opposites to change forever, thus enabling the discovery of a perfect world where there are only angels and no demons.
Artificial Intelligence
The explosion of AI is driven by three important trends: the exponential growth of computing power as described by Moore's Law, the massive amount of data generated by the explosive growth of the Internet and the Internet of Things, and the rapid development of intelligent algorithms.
Artificial intelligence requires data, but data is often monopolized by centralized platforms, hindering innovation, while cryptoeconomics can create a data market with the right incentives for data providers, making up for the lack of artificial intelligence and being able to rely on this data market to take off.
Blockchain
The blockchain was created just in time to be able to provide a data market for artificial intelligence. Artificial intelligence can regulate blockchain operations for compliance, which can be verified by running a smart contract in the form of a smart contract to find out if there are malicious operations. The symbiosis of artificial intelligence and blockchain can greatly expand this ecosystem.
At the same time, blockchain system can calculate mathematical hash function to reach a stable consensus, and at the same time, through the proof of workload to discharge additional entropy, so as to achieve a low-entropy consensus state, so that the Internet can grow ten times or a hundred times the opportunity.
As one of the world's top universities in cognitive science, Stanford University focuses on both innovative technology research and precise judgment, with a highly integrated industry-academia-research model, turning the latest theoretical research results into industrialization, thus changing the world and leading the future!
Thought
We have visited the world's most famous high-tech research and development base, San Francisco (the birthplace of the United Nations), and the world's most famous scientific and technological innovation and entrepreneurship center. We have visited all these giant companies that have made the world admire and be influenced by them.
We listened to the cutting-edge innovative management ideas of Google managers; discussed new social trends and challenges with LinkedIn engineers; and walked into HP, Jaunt and WeWork ...... to experience the spirit and charm of these science and technology giants and to understand their innovation, tolerance, responsibility and dreams.
Founded in 1998, Google is recognized globally as the world's largest search engine. The company is headquartered in Silicon Valley and its new campus is located in Mountain View (the richest town per capita in the United States), with a total of more than 90 restaurants, 7 swimming pools and a range of other facilities for employees.
As the No. 1 on LinkedIn's list of the 100 most popular employers in the world and No. 1 on Fortune's "100 Best Companies to Work for in America," Google's corporate culture has always been admired by the world. During the visit, Ms. Cindy, Global Business Director of Google, introduced the corporate culture and talent recruitment management system of Google to the participants.
Ms. Cindy also showed participants the latest Google products, including Google Maps, smart home, artificial intelligence, etc., so that they could learn more about this extraordinary company, which is known as "the world's best company to work for".
Google: Best Employer in the World, Most Admired Company
HP: the creator of the "Silicon Valley myth"
Hewlett-Packard (HP) is one of the world's largest information technology (IT) companies, founded in 1939 and headquartered in California, USA. HP has three business groups: the Information Products Group, the Printing and Imaging Systems Group and the Enterprise Computer Professional Services Group.
As the saying goes, there is no HP, there is no booming Silicon Valley, it is because of the demonstration effect of HP in the "garage" of entrepreneurial success, there is a later booming "Silicon Valley", the students personally visited the HP entrepreneurial garage, close to feel the soul of Silicon Valley entrepreneurship! The participants went to the Hewlett-Packard Garage to experience the soul of Silicon Valley entrepreneurship!
After that, the delegation went to the headquarters of Hewlett-Packard Company. Ms. Amy Zhou, Business Development Director of Global Customer Center of Hewlett-Packard Enterprise, shared with the group the future development strategy, talent development mechanism and successful experience of corporate transformation of Hewlett-Packard.
Emerging company Jaunt, founded in 2015, but has become is a leading VR industry company that combines hardware, software, tools, application development and content production to provide groundbreaking expressions of film and television entertainment for the world's leading creative producers.
Jaunt : Securing the highest funding for an independent startup in VR
On this visit, we invited Mr. Jeff Olm, a great Hollywood expert, to share his knowledge in the field of VR. Mr. Olm has been working in special effects for over 30 years, and has worked for DreamWorks, Disney, and Warner Brothers, and participated in the production of movies including Titanic, The Avengers, and Spider-Man, etc. He gave us an in-depth explanation on VR, AR and other industries.
The study tour to the United States was a feast of ideas. After the in-depth collision and exchange of ideas with the world-class masters, Chairman Xu Daoju further sublimated his thoughts on the corporate culture of BOWTZ, and redefined the values of the company.
The mission of BOWTZ: Technology for a better life
Vision of BOWTZ: To be the leading platform of big data intelligent chain and to build a people-oriented enterprise of 100 years
Positioning: Innovative high-tech enterprise based on Internet of Things, big data and artificial intelligence
Value: People, Innovation, Effectiveness, Win-win
Enterprise spirit: hard work, enterprising
1、Customer culture
The process of enterprise development is the process of continuously meeting the needs of customers. Only when the company continues to meet the needs of customers with the times, the money in the hands of customers will continue to flow into the enterprise's "wallet".
2、Speed culture
Fast eyes are not as fast as fast hands. This requires speed in execution. Speed culture is a corporate culture characterized by "strengthening market sense and improving execution ability". Speed culture is about quick reaction and quick action. In the market competition, small and medium-sized enterprises should capture the relevant information in a timely and extensive manner, process the collected information quickly, and strive to launch response measures in the first time to seize the opportunity.
3、Innovation culture
Make innovation a corporate culture. Speed innovation is the skill of being fast. "Fast" also needs to be innovative, and "fast" can't be innovative to win by surprise.
As the saying goes, "When you look for him, you'll see him at the end of the night." The strategic thinking of Chairman Xu Daoju is the needle of the sea that will set off a bright and brilliant new page for BOWTZ.