I Picked Up a Dimensional Travel Machine: Wizard - Chapter 59



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Grow up (2)
As Min-ki’s business gradually got on track, he became incredibly busy, and the mere fact that there was an organization on Earth that used magic made him abandon his previous complacent attitude and start researching the convergence of science and magic with more passion.

In the end, such a tight lifestyle resulted in Emilia spending more time alone.

– Ring ring ring.

– Hello. Emilia~

– Levy. I’m going to a party with my friends this weekend. Do you want to come with me?

– Ah~ Emilia. What should I do? I have to go to California this weekend. I have a business meeting. I think I’ll be back late Sunday evening.

– Really? Levy is always busy.

– I’m sorry. Please understand. It’s an important appointment, and I have to go myself even though it’s the weekend. I have to meet a friend who goes to Stanford. He’s currently planning a groundbreaking business, and I have to meet him, invest in him, and get a stake in his business. He has an item that will be a huge hit later on.

– Okay. Then I’ll go to the party with Ellie.

– Okay. Thanks for understanding. Call me when you’re done.

– okay.

Min-ki couldn’t go on a date with Emilia even though it was the weekend, so he went to meet some young friends who were attending Stanford, or rather, had graduated recently, named Peter Schulman and Andrew Houston.

These guys are working hard on their business right now.

However, the initial investment received has almost been used up, and the system it was servicing is experiencing various problems, so it is currently struggling.

The company name is Downbox.

Downbox is a web-based file sharing service that utilizes file synchronization and cloud computing. It started as a venture of Y Combinator and currently has both free and paid services, but the advantages of the paid service have not been clearly highlighted.

In some ways, it is similar to web hard or cloud, but also a little different.

The advantage is that the service is available not only for Windows, Mac OS X, and Linux, but also for mobile devices such as iOS, Android, Windows Mobile, and Blackberry OS.

“Nice to meet you. I am Levi Jeong, the General Manager of MF Invest.”

“Nice to meet you. I’m Peter Schulman.”

“Hello, this is Andrew Houston.”

“The reason I came to see you today is, as I told you over the phone, that I would like to invest in your company. This time……….”

(…..syncopation….)

“No. Even so, considering our company’s growth potential, a 30% stake for $30 million (33 billion won) is too much.”

“But isn’t it true that Downbox is not increasing its subscribers any more due to structural problems in the system?”

“But the number of subscribers has already exceeded 50 million. At this rate, it could exceed 100 million next year. $30 million and 30% for a venture with the potential to grow into a unicorn company providing this kind of service?”

“The first round of investment funds have all been used up, and paid services are not contributing much to sales, so aren’t you in a desperate situation?”

“But if that’s the condition, we don’t want to negotiate any more.”

“So how much do you want?”

“20% on $30 million!! How about that?”

“When you first invested, wasn’t it 20% of $5 million?”

“It was the early days of the business, and we had less than a million subscribers. Now we have over 50 million.”

“Just a moment. Let me think about it.”

‘Downbox had an IPO (initial public offering) in March 2018. The market capitalization reached 10 billion dollars (11 trillion won), so originally, if it were 10%, it would be 1 billion dollars. If it were 20%, it would be 2 billion dollars. If it were bought for 30 million dollars, it would be appreciated, but you have to consider that it is tied up for 5 years. If you calculate it at 500% every year, 30 million dollars would be 18.7 billion dollars after 5 years. Isn’t that a loss?

Of course, as the scale grows, it won’t be able to continue to show a 500% return, but it will still be around 300%. Even if you calculate it at 300%, it’s still $2.4 billion. In this state, there’s not much profit. It’s just similar to continuing to invest in stocks with high growth rates like now for five years.’

“I’m sorry, but that would be a loss for us. That would tie up $30 million for at least a few years, which would be below our average rate of return.”

“hmm……”

“Excuse me, Mr. Levi Jeong. When do you think our company will be able to IPO?”

“My personal opinion is that it will take at least 5 years. It could take as long as 7~8 years. That is assuming that the current problems are completely resolved and that investments from other investors are successfully received.”

“So what will our company be worth then? Assuming all the problems are solved.”

“I think it’s around 7 to 8 billion dollars,” Min-ki said, lowering his voice slightly.

“But do you think it’s a loss to get a 20% stake for $30 million?”

“Yes. Because it is lower than our MF Invest average rate of return. It is the magic of compound interest over a period of 5 to 8 years.”

“No. Even if you do a rough calculation, you would need to grow by more than 200% every year to get that level of return. Are you asking me to believe that now?”

“I don’t force belief. That’s just our actual rate of return. So, from my perspective, even if I invest a huge sum of $30 million and it becomes $2 billion in 5 to 8 years, it’s a loss. That’s why I hesitate.”

“hmm…..”

“Is it okay if we just discuss it amongst ourselves for a moment?”

“Yes, please do so.”

Peter Schulman and Andrew Houston leave the conference room for about 10 minutes and then return.

“Here’s the final offer. 25% of $30 million. What do you think? It’s not even the minimum amount we expected, but when I asked my close friends on Wall Street, they said that MF Invest’s average return is well over 200%. So we made a concession. However, anything below that would be a real loss for us. No matter what, if it’s not as good as that, we have no choice but to look for another investor.”

“Hmm. Is there any chance that this condition can be raised?”

“Yes. I’m sorry, but if that’s the case, then our relationship ends here.”

“What if we give you a keyword that can solve the problem of downbox right now?”

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“Huh? What does that mean?”

“The two biggest problems and stability issues of the paid service that we are currently considering are the most troubling, right? I have an idea that can solve them innovatively. I will provide this idea. Then, is it possible to get 30% for 30 million dollars as we propose? I think that this idea will allow us to do an IPO 1-3 years earlier than before.

The number of subscribers will also increase rapidly by at least 2-3 times within 1-2 years. This can be a special condition in the contract. The IPO can be delayed on purpose, so if the number of subscribers does not more than double within 2 years, I will only receive 25% as you both suggested. However, if the number of subscribers increases, I will give you an additional 5%. What do you think?”

“Do you really have such an idea?”

“Isn’t it a loss anyway? If the number of subscribers doesn’t increase, it will be 25% like you both suggested. If it more than doubles, it will actually be a gain.”

“Okay, but you have to include it in the special contract.”

“Of course. Let’s write up a contract first. After all, once I hear the idea, it’s over.”

“Okay, fine. Then I’ll ask the lawyer to add the part you just mentioned.”

“great.”

So the three of them called in their lawyers and drew up an investment contract worth 30 million dollars.

Peter Schulman and Andrew Houston, anxious for an ‘idea’ that could solve the current problem, quickly signed a contract.

Eventually, all the contracts were stamped and the process was completed.

“Okay. Now tell me. What is the idea?”

“First, we need to introduce streaming sync for computer apps. Streaming sync is a new supercharging for large files. It gives you supercharged sync speeds for large files. This will improve upload and download times by up to 2x or more.

Secondly, you need to be able to use a Universal 2nd Factor USB security key. This should provide two-factor authentication. You also need to have file versioning. File versioning is very important for paid services. You also need a photo management service called Carousel, which is specialized in automatic photo upload. These kind of considerations will dramatically increase the number of paid subscribers.

And this is a small tip, but it would be good to provide a service that provides free capacity upgrades for 2-3 years to students who use Downbox. After all, the core of these file synchronization and cloud services is the younger generation. Targeting this generation and making them participate in the event competitively can determine the success or failure. You can name it appropriately.

If possible, it would be better to include the word ‘race’. It seems competitive. This is a concept where points are given based on the number of people who register their school email, and the number of free storage provided is determined based on the number of points. In this case, competition among schools will occur, which will become a social issue. It is natural that the number of Downbox users will increase.”

“Wait a minute. You’re saying too much at once. First of all, this streaming sync thing… (omission)….”

“…….(omitted)……Yes. That’s roughly it. Do you have any more questions?”

“Huh, huh. This is really innovative content. If this is the case, it will definitely solve the problems we have now, and it is obvious that the number of subscribers to our downbox will increase in the future. To be honest, I didn’t expect much from this, but it was my poor judgment. Thank you so much. I appreciate the investment. And this kind of advanced information?”

“Now that the investment is complete, aren’t we on the same boat? Hahaha.”

“This feels good, and although it’s a little late, let’s have dinner together and have a toast….”

– Zeeeeing. Zeeeeing.

“Huh? Just a moment.”

Suddenly, a friend named Levi starts muttering to himself and his expression changes.

“I’m sorry. Something urgent came up right now. I’ll stop here for today. I’ll come back again next time. Let’s have a toast then, shall we?”

“Yes. I don’t know what it is, but it seems urgent. Please go quickly. It’s okay.”

“Yes, Attorney Carson. Please finish this up. I’ll go first.”

Min-ki hurriedly left the conference room.

And then I quickly took the elevator down to the lobby and came out.

I looked around for a moment and then ran to the park ahead.

The reason Min-gi was in such a hurry was because of the alarm from the magic circle he had placed on ‘Emilia’.

Min-ki has secretly cast several spells on Emilia to ensure his lover’s safety.

A representative example is the Magic Shield magic that is automatically generated when life is threatened.

When this is activated, an alarm will automatically sound for Min-ki.

Also, even if work is not necessarily life-threatening, women can be exposed to various problems, so it is important to notify us if your heart rate, anxiety, or fear exceeds a certain level.

When you lose consciousness by force due to ‘drugs’ rather than natural sleep.

Various magic spells are cast when a certain level of pain is felt, etc.

But now one of those alarms has gone off.

Addiction to drugs, etc., not against one’s will – in magic, this is considered addiction.

Anyway, this is a sign that I am addicted.

So, based on the fact that Emilia was ‘magic marked’, I quickly used the Wizard’s Eye magic (the wizard’s eye) similar to clairvoyance.

Emilia was now in danger of being ‘raped’ at the party.

Nothing had happened yet, and someone was carrying Emilia, who had lost consciousness, on their backs as if they were moving.

Judging from the surroundings, it is either a hotel or a motel.

Anyway, it felt like I was walking through a lobby like that.

‘You fucking XXX bastard. I won’t let you off easy.’

Since you need to teleport quickly, you need to find a place where there are no people around.

Fortunately, I saw a bathroom in a corner that looked like a park.

I quickly ran in and checked the bathroom.

Luckily, no one was there, but I went into the toilet stall just in case.

I locked the door and cast the ‘Wizard Eye’ spell again.

In the meantime, a bedroom, presumably a hotel room, came into view, indicating that they had finished moving.

Emilia was lying on the bed, and a stranger she had never seen before was slowly taking off his clothes.

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