Reborn in America: Starting as a California Resident
Chapter 60: Valuation Exceeds 100 Million
Look beyond the surface.
The astonishing surge in Dreamsoft's performance undoubtedly signifies that the spring of the IT industry has arrived ahead of schedule.
The microcomputer market, which was somewhat lackluster at the beginning of the year, has now won the favor of more and more consumers.
With the continuous advancement of technology, the performance of microcomputers has been constantly improving, while the price has been gradually decreasing, making it easy for many families and businesses to own such a high-tech product.
The concept of personal computers has become increasingly popular, and people are gradually realizing that computers are no longer the exclusive tool of large companies, but can become an indispensable assistant in everyone's daily life and work.
The success of Dreamsoft was also due to seizing this historic opportunity.
Their spreadsheet and word processing programs perfectly meet the data processing and document editing needs of individual and business users.
The outstanding performance of these programs further promoted the popularization of microcomputers.
Apple alone shipped an astonishing 23,000 microcomputers in April, easily generating over 100 million in revenue.
And this growth trend has not shown any signs of slowing down; sales in May remained strong.
Based on this trend, shipments this month are likely to climb to 30,000 units.
Of course, Apple is not the only company dominating the American microcomputer market.
Other brands such as Wang Laboratories, Tangdi, and Komodo may not have the sales volume of Apple, but they still occupy a place in their respective market segments.
These brands have built up a solid customer base and developed unique designs, resulting in a vibrant and competitive landscape across the industry.
Despite the small profit margins in the technology industry and the need for substantial investment in product research and development, this has not dampened the enthusiasm of investors.
More and more investment funds are flocking to the microcomputer field, and even the renowned Morgan Stanley has adjusted its initial valuation of Apple.
Market forecasts predict that microcomputer sales will easily surpass one million units next year.
As the soul behind the hardware, the Meimeng software has naturally received a great deal of attention.
According to a third-party survey report, Dreamsoft's shipments in May are likely to reach a new high, exceeding an astonishing 150,000 units.
This figure is only a conservative estimate.
This is all because the European version of Dreamsoft is still expanding its market rapidly, and its potential in the global market remains to be further explored.
With the gradual opening of the European market, the future prospects of Dreamsoft are even more promising.
Investors and analysts are closely watching this trend and expect the microcomputer and related software industry to continue its boom for quite some time.
In the past, most consumers bought bare machines—computers without any pre-installed software.
The lack of software support severely limits the functionality of microcomputers, deterring many potential buyers from purchasing them.
Back then, even completing the most basic tasks like word processing or data calculation required users to have certain programming skills, which was undoubtedly a huge hurdle for ordinary users.
Therefore, microcomputers in the past were more like sophisticated tools for professionals than practical helpers for daily life.
But now, with the success of Dream Software, all of this has changed dramatically.
The Dream Software completely simplified the computer operation process and greatly expanded the application scope of microcomputers.
More and more manufacturers began to consider pre-installing software to increase the added value of their products, and tried to launch a variety of applications, which further promoted the popularization of microcomputers and the development of the industry.
The software development market is growing rapidly at a visible pace.
And with its outstanding software products, Dreamsoft has become an indispensable part of the microcomputer industry today.
Those who once mocked Henry as an "ignorant nouveau riche" in the IT industry have long since disappeared, replaced by countless praises and admiration.
Today, he has become the undisputed entrepreneurial star of Silicon Valley, winning the recognition and respect of most people in the industry.
Dream Software has gradually become an attractive workplace.
The company's employees began to feel incredibly proud to work here, and this strong sense of belonging and honor further promoted the development of the corporate culture and team cohesion, shaping a positive and upward-looking spirit for the company.
Judging from the software installation rate, Meimeng Software is clearly a company with annual revenue of over 100 million yuan.
This is an amazing achievement for a small software company with only a hundred or so employees.
As is well known, once software is developed and launched into the market, the subsequent marginal costs are almost negligible.
The initial valuation of $20 million for Dreamsoft now seems ridiculously low.
The average price-to-earnings ratio (P/E) of traditional industries is typically between 10 and 20.
However, the specific figures will vary by industry. For example, manufacturing and retail may see figures closer to 10-15 times, while some slower-growing service industries may see figures closer to 20 times.
However, given the current situation, capital is taking a cautious approach to emerging technology industries;
Software development also has a relatively low barrier to entry and is easy to copy;
This competitive advantage based on patent protection is quite fragile and difficult to quantify accurately. Therefore, valuations of the software industry are usually conservative, generally not exceeding ten times the price-to-earnings ratio.
Even so, Dreamsoft has truly grown into a medium-to-large-sized enterprise with a valuation of hundreds of millions of dollars!
In just a few months, he accomplished what was unattainable in his previous life;
Henry's lips curled into a slight smile as he thought of this, then he gestured for his trusted aide to sit down: "Alexander, how's the recruitment of technical developers going?"
"Very smoothly, BOSS."
Our company's outstanding performance has significantly increased our attractiveness in the recruitment field.
We have successfully recruited more than 30 technology talents, all of whom are graduates of Ivy League universities and possess strong technical backgrounds and innovative spirit.
There are two particularly outstanding geniuses among them, whom I would like to introduce to you.
"Oh?"
Henry raised an eyebrow, signaling him to continue.
Alexander gently placed the documents in his hand on the table and continued, "First is Emily Harper, who has a PhD in Computer Science from MIT."
During my time at university, I participated in the research and development of several cutting-edge projects, and I have unique insights, especially in the fields of algorithm optimization and artificial intelligence.
She has officially joined the development of our office software's intelligent module.
Artificial intelligence (AI) is a branch of computer science that focuses on developing computing systems that simulate or enhance human intelligence.
AI enables automated decision-making, prediction, and action through algorithms, data, and computing power.
The concept was first proposed by the English mathematician Alan Turing, and the Turing Test has become one of the standards for measuring machine intelligence.
In 1956, the Dartmouth Conference is considered the landmark that marked the formal birth of AI, with the scientists attending the conference proposing the term "artificial intelligence".
AI research made some progress in the 1960s, such as the development of the simple robot Shakey, but due to overly high expectations and technological limitations, AI research entered an "AI winter" in the late 1970s.
AI research only regained attention in the 1980s with the rise of expert systems.
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