Miller’s explanation seed a bit problematic to Chen Yiyang.
But for Silicon Valley, what Lyten was doing is actually what all erging start-ups would do.
The cultural differences between China and the US are also quite evident in business investnt.
For example, many of today’s giants had rather shady start-up histories filled with deception.
Many giants have faced multiple near-bankruptcies in the past, surviving thanks to publicity and fraud to secure investnt.
The difference is that dostic entrepreneurs tend to hide these experiences and fabricate inspirational stories to make their start-ups appear upright from the beginning.
But North Arican start-ups are different.
Even after they succeed, North Arican giants won’t overly conceal their start-up experiences.
Sotis, they even spin the story of deceiving investors to secure investnt as an inspirational tale.
This leads many entrepreneurs in erging fields to believe that deceiving investors is acceptable; not being able to deceive them is the problem.
If you can deceive investors and truly succeed in the future, nobody will mind this bit of deceit.
Investors would be happy to have been deceived if it ant returns.
Of course, what if the start-up fails?
If the start-up fails and you’re saddled with huge debts, perhaps going to jail for fraud might allow you to live a few more years.
After all, prison’s survival rate is much higher than living on the streets.
After talking with Miller, Chen Yiyang discussed the matter with Schaefer that night.
"That’s how everyone does it in Silicon Valley nowadays," Schaefer didn’t mind, "Sotis, I even think the reason Europe hasn’t had breakthroughs like North Arica in erging fields these past decades is that they haven’t learned Silicon Valley’s spirit of deceiving investors without worrying about success."
"If a start-up fails, it’s fraud; if it’s successful, it’s called entrepreneurial spirit, right."
"Yes, that’s exactly it," Schaefer clapped, "Of course, this also leads to massive scams like Bad Blood."
Bad Blood, as Schaefer ntioned, is one of the biggest scams in Silicon Valley investnt history, causing at least tens of billions in losses.
Bad Blood refers to the blood-testing company founded by North Arican Elizabeth Hols.
It’s well-known that dical testing in North Arica is quite costly.
Coming from a well-off background and studying at Stanford, Hols quickly realized this was a great start-up direction.
So she rapidly dropped out of Stanford to start a blood-testing company, claiming it could detect cancer and over 200 health trics with just a few drops of blood from patients.
In her early start-up days, Hols didn’t even have the technology, only a start-up direction.
Yet, she still secured initial investnt from top Silicon Valley investors.
By 2015, Hols’s blood testing company was valued at nine billion US Dollars, with her personally holding 50%, making her worth 4.5 billion US Dollars.
And this highly valued company didn’t even have decent technology until a journalist exposed the scam.
As for their blood testing machines, they even bought other companies’ machines with slight modifications, with accuracy and usability failing to et comrcial standards.
Yet, even such a company had endorsents from Secretaries of State and forr presidents.
Murdoch, the Oracle founder, and even Kissinger invested in her company.
This made Hols’s blood testing company the highest-valued unicorn in the global pharmaceutical sector.
Just like those European investnt firms investing in Beifu knowing full well it couldn’t independently make batteries.
The investors in Hols’s company were naturally aware of the specific technology of the blood-testing company.
But that’s the spirit of Silicon Valley.
Having technology isn’t important; what’s important is whether you can scam money to continue developing your company.
What if, with all that money, you really develop the blood-testing technology?
Then, not investing would an missing out on the birth of a new giant, wouldn’t it?
Of course, gamblers are gamblers because they’ve won before.
So, even though Hols has now been given a clear 11-year prison sentence.
Lyten still has the confidence to keep deceiving investors like Hols did.
As for why, well, that would be because the last company everyone thought was a scam, Tesla, actually ended up making cars, becoming the highest-valued new energy vehicle giant.
However, the life or death of Silicon Valley investors is none of Chen Yiyang’s concern.
After officially partnering with Lyten, Chen Yiyang can earn several hundred million in pure profit annually.
It doesn’t matter whether this money is from Lyten’s scam; what matters is that even if Lyten crashes in the future, investors won’t be able to go after Chen Yiyang.
After talking with Schaefer, the next morning, Chen Yiyang looked at his phone and found a new tip-off about a good deal.
Today’s tip involves the Saraya fast-food company in Japan, referred to as the Sha County Snacks of the Western food world: Learning their business model or partnering with them to open a store in Huaxia can successfully snatch up a bargain.
Huh?
Chen Yiyang scratched his head.
He knew what Sha County Snacks was.
But he had never heard of Saraya, the so-called Sha County Snacks of the Western food world.
So after waking up, he called to arrange a eting with President Moy Hua.
Once in President Moy Hua’s car, Chen Yiyang said, "I heard there’s a fast-food chain in Japan called Saraya. Can you take there to try it?"
"Ah." President Moy Hua widened his eyes after hearing Chen Yiyang’s words.
"Are you serious? Do you really want to go to Saraya with ?"
"I’m very curious about this place. Why, what’s with that expression?" Chen Yiyang was puzzled by President Moy Hua’s expression.
"Of course, I’m surprised!" President Moy Hua exclaid while driving, "In Japan, even the lowest-level hobody or corporate drone wouldn’t choose Saraya to treat a girl to a al."
Originally, Chen Yiyang wanted to ask why.
But he suddenly rembered, as the earlier tip-off said, Saraya is the Sha County Snacks of the Western food world.
In Huaxia, apart from youngsters seeking thrill, normally, no one would take a girl to Sha County for a al.
Chen Yiyang instantly understood the aning behind President Moy Hua’s earlier expression.
Fortunately, since he and President Moy Hua were quite familiar with each other, he didn’t particularly mind.
Driving, President Moy Hua soon found a Saraya store.
After getting out of the car and entering the store, Chen Yiyang finally experienced what Saraya was all about.
Poor hygiene, many Southeast Asian and black patrons in the store.
After entering, Chen Yiyang and Moy Hua, dressed not cheaply, were even asked by the staff if they had co to the wrong place.
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