"The first point is the prospects for commercial application. Put simply, how much money can this technology make once it's developed?" Ji Tianhe said.
"I saw some viewers saying, 'Isn't that obvious? Of course everyone will fight over the projects that can make the most money. Not even a dog would invest in projects that don't make money.'"
"Not at all!" Ji Tianhe smiled mysteriously. "I don't even look at the most profitable projects. I only look at projects with expected profits within a reasonable range—projects that can make a little money."
"Why? If a project is exceptionally profitable and virtually guaranteed to succeed, its investment opportunities will have been divided up privately long ago. There's no way it would end up on a public platform like this. Suppose our boss, Song He, wanted to develop a new technology and needed funding. The moment he called out to his circle of friends, however much investment he wanted, he'd get. Everyone would fight to invest. It's somewhat like the most profitable companies in the country—many of them never go public at all."
"So projects with excessively high returns usually have a relatively low probability of success. I'm not greedy. I won't gamble heavily on high-risk projects. I only do low-risk, steady projects. I make a little less, but the probability of success is high!"
"What kind do I favor most? Projects by young research teams just starting out. These teams have too little experience, too few titles, and too little research funding at their disposal, so they urgently need to raise money for their projects. At the same time, they're full of drive. As long as they have enough money, they can easily bring their projects to fruition," Ji Tianhe said.
"Got it—a young team that nobody has heard of!" Lou