Chapter 367 Business and Basketball 1
The other day before Charlie arrived in Miami, Emily called sadly to tell Jake that her father and the other investors quickly accepted and were very happy that the shares they had would be sold, they would sign the liability and in the coming days, they would sell the shares.
By selling the shares they would get $ 98,746,215, and $ 6,874,621 was from the investment firm, in Jake's case, yet they would receive $ 61,871,593 having invested $ 30 million, thus having more than 2 times the profit amount invested.
It was something they could not complain about giving 10 percent of the profit to the investment firm after earning so much, Emily's father earned $ 83,043,307 in profit and as promised gave half of that to Emily which is $ 4,021,653.
Jake gave Emily another $ 68,746 of her share for this investment and so she earned her first money in addition to her salary for the work done, that was pretty much her bonus for working at Jake's investment firm.
She would earn more than 10 times that value if Jake sold Matthew's shares now, and if Jake expected that value would increase even more in the next few years, so Emily thought it would be worth working for this company in the coming years.
Even though many CEOs of other companies could earn hundreds of thousands of dollars she knew she had no competence to do the same as them, this investment firm could only take care of billions of dollars and still make more profit because it was Jake who took care of all the investments.
Emily knew she was actually an assistant to Jake and could help him get things done, so she was pleased with Jake's respect and confidence in letting her handle all his business.
Later that day Charlie went to the restaurant Emily had booked to be able to talk to Jake and show Jake the full products, Charlie was also excited about it and thought this idea of Jake could be great in the future.
As someone who understood technology, Charlie naturally understood that such a touchscreen and multi-touch technology made so advanced and in a smartphone size could be used for many things in the future.
Charlie understood this by seeing digital cameras and computers and the internet, things that had become inaccessible to the general public became increasingly popular, Charlie still didn't have the ability to see what this could be used for, but knowing that Jake thought In trying to create so many patents this should be something important someday.
Charlie was not someone who thought of getting rich and just wanted to work on projects that would be remembered in the future, and he felt that working with Jake was the right way to go, of course, he was pleased to receive a big salary from Jake and beyond having too much investment for the products had no one rushing his work.
"Hi Charlie, I was very happy to hear you were coming to Miami."
"Hi Jake, I was very excited after my team finished this project, I had to bring this product personally to know if it was really what you thought."
So Charlie handed Jake some smartphone and tablet prototypes that Jake had ordered for him, Jake received and was a little impressed with the work of Charlie's team, they were only 3 people and managed to create something very close to a smartphone.
It was much heavier than a regular smartphone even though it had almost nothing useful inside, had a system to make the screen light up and also a simple calculator, plus it had a test system showing that it could touch everywhere until then.
Also, a simple, useless thing cost thousands of dollars to do, in addition to the hundreds of thousands of dollars Jake had invested to develop this technology, but Jake felt that this was what he needed to get major design patents. smartphone and tablet as well as touchscreen and multi-touch.
When Charlie and his team could create the Android operating system, Jake could use this smartphone to connect to the operating system so that he could get almost every patent he thought of creating.
"It was really great, Charlie, that's how I thought and I know you guys did a great job with current technology, try to keep checking the technologies to make this smartphone even lighter with its components."
"I was pleased to see how you were able to create this product and develop both technologies in a short time."
"We achieved this because the technology already existed and we just had to find a way to develop further and with your clear ideas of what the product would look like and the foundation you gave us where to look for the technologies to do it made it easier and cheap too."
It was as Charlie had said, just as his friends who worked at Matthew's company said, Jake, saying exactly what the product should look like and what they needed to do to do the project made it much easier to develop the products.
"We try to talk to Arm Holdings, Qualcomm and TSMC, but so far we haven't got anything concrete from them, it seems they want to see what our projects are and our financial ability to know whether or not they will work with our company."
Jake had expected something like this to happen, he had no known company and his financial strength was still unknown and so these companies didn't even want to think about working with Jake's company that had only 3 employees so far.
But before getting several international patents for the products he was developing, Jake did not want to show the smartphone design to these companies, and for the next few years, the technology would not be ready to make a smartphone or look like what it was thinking.
The important thing was to start contact with these companies and thus show that since 1997 they were developing a technology product, so in the future, Jake would surely be much easier to talk to these companies.
Being a partner with Amazon and Matthew Jake's company would make it even easier to get a contract with these companies, Jake would need the semiconductors, chipsets, chip systems, microprocessors, memory, and software that would be more easily partnered with.
With Qualcomm, besides many of these things, he could enter the telecommunications business more easily if he needed to, it was something he didn't even want to think about in the near future.
"I want you to develop another product that is related to this smartphone, it will be much harder to create and you will have to hire more employees than you will have to sign confidentiality contracts."
"Of course, we were already waiting for you to call us to do something else, I want to work on a project that will make this smartphone an even more revolutionary product."
"That's good, I'm thinking of creating an operating system for the smartphone, it's something like Windows 95, the difference is that it's made for small applications and needs a lot less micro-sized components to fit this smartphone."
After that Jake spent a few hours explaining his view of operating systems like Android, not the first of the time because there would be Symbian that had already been released this year.
But the operating system that Jake thought was Android many years after it had a completely different operation than Symbian, this was a project that for current technology would take several years even with the help of Jake telling how it should work.
Even though Charlie, who had studied hard, wasn't sure how he could do what Jake was suggesting, he could do something for a desktop computer, but couldn't imagine anything that could be done with micro components, so Jake had asked him to talk to all of these semiconductor and microprocessor companies.
It would be a lot easier if Jake said it was like a regular cell phone, but Jake didn't want to say it was because it would make things so much more complicated, over the years and so much investment Jake knew that Charlie's team could do that.
So Charlie returned to California excited about another project of many years that could change the future of technology, after doing so Jake thought he had done everything he could in product creation until many years later.
Now he just had to focus on creating multiple patents for the touchscreen and multi-touch smartphone and tablet, Jake still had a lot of investment ideas and so had more than 7 million dollars saved.
With the money he received from the sale of investment company Jake's stock he had 6 million more to invest, now he needed to know how much he would receive from Matthew's company this year to invest in Cisco stock again.
He had not invested everything he had in Cisco stock because he decided that he would always leave some reserve money for possible investments if Matthew's company decided not to make a profit share and Jake's investment company didn't receive those nearly 7 million Jake would have no money if he had invested all his money in Cisco stock.
In addition, he couldn't know how much he had received until February of next year when he talked to Matthew in person if Jake hadn't received a few million in sponsorship and marathon prizes he couldn't even pay the salaries of his corporate employees and his employees Charlie's company investments.
After Charlie left Jake called Emily to meet her again the other day to talk about the patents, Jake didn't have much time in Miami so he had to sort things out quickly before the next game.