Chapter 367 Business and Basketball 1 (1/2)
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.”