How to play technical interest to achieve financial freedom?

The so-called "greatly hidden in the city", Mr. Zeng Yu, who is a low-key, gentle-spoken scholarly style, is the name of a pioneering company, "Fengyun Industry". It is a veritable legendary figure, a technology big cow, a big entrepreneur. Coffee, capital tycoon. He has numerous invention patents and has many titles, such as angel investors, chairman of the MacBee Technology Alliance, vice president of the Smart Home Committee of the National Federation of Industry and Commerce Furniture and Decoration Industry Association, founder of IoT Patent Pool, and initiator of the Internet of Coffee. Chairman of Fengyun Industry, Chairman of Yinhe Fengyun Co., Ltd., etc.

The ability of entrepreneurs to learn is important, and insight and judgment are especially critical. Zeng Yu has been successful in many times, and his dependence and market prospects are particularly impressive. Many industries now have some new market opportunities, but where are the new opportunities? How to understand the opportunities that exist? How do entrepreneurs develop keen insight and judgment? As a technology entrepreneur, how to quickly capture the first pot of gold in your life? Zeng Yu’s rich life experience may make you less detours on the road to success.

From state-owned enterprise technology research and development positions to entrepreneurship, smashing battles, Huawei, Cisco

As a technology enthusiast, Zeng Yu has worked in technology research and development positions in state-owned enterprises and has been engaged in technology research and development for five years. In pursuit of the ideal of the heart, in 1993 he resolutely went to the sea to create "Fengyun Industry" to enter the pager market. He has successfully achieved a brilliant record of occupying more than 50% of the market share of pagers, and became the pioneer who led the technology era. At this time, Zeng Yu succeeded in quickly capturing the first pot of gold in his life.

On the road of entrepreneurship, Zeng Yu has entered the pager, data interaction equipment and Internet of Things market. The rise of the time-to-digital era, Zeng Yu led Fengyun Industry and Huawei and Cisco. In the end, this fight ended in Fengyun Industry's transition to the defense field. However, in 2015 alone, the data exchange equipment for Fengyun Industrial in the defense field was twice as large as that of Huawei ZTE. It was a good story by the industry and the business community at the time.

Those familiar with the development track of the Galaxy may know that this is a "willful" and emboldened enterprise. Deeply cultivated in the information and communication industry for more than 20 years, he used to be the "one brother" of paging system equipment. Later, he got rid of the paging service with the times and entered the fields of routers, switches, network equipment, servers, supercomputers, etc. Enter another high-speed development. On the occasion of the introduction of smart homes into China, Galaxy has once again embarked on a new journey, launching a new type of router developed independently, and entering the B2C market for the first time. At the time, it was in 2011, when it was not even clear that it was a smart home.

Fighting smart hardware market with cross-border Internet giant Xiaomi

In 2011, Galaxy Fengyun took the lead in the field of smart home, independently developed a series of innovative products such as China's first intelligent plug-in, the first intelligent routing, the first air-conditioning intelligent control, the first intelligent door latch, and successfully created the Galaxy Fengyun brand. One of the leading brands of smart homes in China.

At the beginning of 2015, Xiaomi just announced the supply of smart Wi-Fi modules for 22 yuan. At the subsequent annual meeting of the smart home ecosystem, Galaxy Fengyun announced that it would supply smart Wi-Fi modules for 21 yuan. Smart homes are reviving. Although since the Xiaomi announced its entry into the smart home, it has collided with the size of the smart home industry, but it is rare to see such a straightforward confrontation. The "willful" Galaxy Fengyun was indeed "playing big".

However, in the company history of the company that has been in business for more than 20 years, the company has deepened its communication technology and product fields, from Wi-Fi modules to core router products supporting 100G interfaces, or RF communication to TCP/IP communication protocols. Research relies on the input of technology research and development to form a bit of technical accumulation, which is accumulated through tens of thousands of experiments and millions of lines of code, rather than relying on low-cost strategy and commercial marketing speculation.

Play the agreement, play the standard - provide patent war munitions for local companies

The lack of industry standards is the biggest obstacle to the development of the Internet of Things. Zeng Yu thinks this is a big pain point at present. It has passed the era of arable farming. What the Internet of Everything really needs to satisfy is the seamless connection between different brands and different types of terminals. A large number of different agreements that compete with each other are not beneficial to consumers. It can be seen that the entire industry and ecosystem require standardized protocols to achieve the Internet of Everything. The real obstacle to development is not at the technical level, but with the interoperability of the system, and the key to achieving interoperability lies in standardization, especially the standardization of protocols. Different terminals can freely discover, connect and talk to each other only by following a unified standard protocol.

"In the field of Internet of Things and smart home, there is still no successful model in the world and even in the whole industry." Zeng Yu believes that smart home is just a framework, and there is no high-tech, sophisticated technology. A viable product is competing, companies set standards through competition, and Chinese companies may become practitioners of standards. In order to create smart products around the world, Chinese technology people, including the Galaxy, are constantly pursuing the road to innovation.

In the era of Internet of Things, under the leadership of Zeng Yu, Galaxy Fengyun developed the world's first mesh interconnection protocol and chipset tailored specifically for the Internet of Things application market, and fully owns its own intellectual property rights. It makes Chinese companies completely free from patent wars when they enter the global smart city, smart buildings, smart homes and smart lighting markets in the future. People who play standards in China need both technical strength and feelings.

From technical interest to financial freedom

Engineers have been born in the financial freedom of Zeng Yu, but have an innate passion for technology. In his office, there are many electronic devices at any time, including test equipment, drones, multimeters, electronic and electrical equipment, photographic equipment, and many other electronic engineers. It is said that there are two office pendulums. Putting the equipment and prototype products that Zeng Yu personally needs in research and development, this is not only the greatest wealth of an electronic enthusiast, but also the quality of the practitioners required for the entrepreneurial venture.

When the industry's big buddies are keen on arranging cloud platforms, seizing various portals, or establishing various horizontal alliances between enterprises, focusing on marketing activities, Zeng Yu focuses on the vertical mining and technical breakthrough of core technologies. Communication equipment in the field of networking to solve the long-term problem of interoperability between smart devices. This comes from the bottom of the engineer's entrepreneurial spirit, just as Steve Jobs started his own tens of billions of Apple empire in a messy garage relying on technology entrepreneurship. Bill Gates was tired at the beginning of his business and often lay on the floor to sleep. He became the world's richest Microsoft empire, Zuckerberg in the Harvard small dormitory to adhere to the social entrepreneurial ideal until the establishment of the world's premier social platform Facebook (Face Book)...

The trend of the new technology era is coming, not understanding the future, not actively changing and changing, it will be crushed by the times, but companies that can continue to invest in technological innovation will go upstream and expand more markets. living space.

How did Zeng Yu get the first bucket of life by gaining insight into the market? How did he go through three entrepreneurial turning points? What are the successful experiences in entrepreneurship and transformation, and what are the lessons of failure? In the competition of giant companies, what is the magic weapon of Chinese enterprises that can stand firm? As an angel investor, how did Zeng Yu choose which target companies? The legendary big-name character who has both technology, entrepreneurship and investment in the industry will bring you technology that has been condensed for nearly 30 years in the live broadcast of the electronic enthusiast network show on May 9th, 2017. The essence of entrepreneurial experience is shared.

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