Chapter 368 Business and Basketball 2 (1/2)
The other day after training in the morning Jake went to meet Emily at the restaurant, he took some prototypes of the smartphone and tablet and several sheets he had written with some explanations about the technology and also the patents he wants to get.
”Hi Emily, I'm sorry about selling your father's shares, I really just wanted to help you and your family, but with your father really wanting to sell the shares and yet the accusations he made to the company left me no choice.”
”It's okay, I understand what you are saying because I know how well my father's and other investors' complaints hurt the company, other investors who were interested gave up trying to invest by listening to these rumors.”
”No problem, even if other investors showed up I would not accept any more investment in the company, we will take care only of my shares and also of Matthew and we will earn enough from it.”
”If you want you can invest the money you received from your father, I'm hoping that the stock will still value almost a thousand percent over the next 3 years, those 4 million you have could turn into 40 million by 2000 and I won't charge you anything to take care of your investments.”
”I appreciate it, but I don't have the courage to invest those 4 million with so many rumors that the bubble can burst at any moment and investors lose millions, and if I invest and my dad see how much I made it might feel even worse.”
Emily didn't have the heart to say it, but she was also suspicious if stocks would really value that much in the coming years, she knew well that investing in the stock market was a high-risk investment in which everything could be lost.
Even more so in a situation as unknown and different as that of overvaluing companies that were connected to the internet, everyone who understood the market knew that these companies were overvalued and therefore hesitated to invest.
Jake's investment firm had a number of stock market specialists, and especially the stock of the Cisco company, which was the company's only invested stock, and any investment firm that saw it would find it crazy not to diversify and invest in a number of companies and invest in just one.
This could maximize profit, but it also greatly increased the risks of this investment, no one knew how Jake did these calculations saying that Cisco's stock would still appreciate more than 10 times because analyzing the company's accounts made no sense.
Jake didn't want to explain to anyone why he did it because he couldn't, he already knew that this was the company he would value most and so he invested all the stock in Cisco and Jake also knew exactly when to sell so as not to lose money.
”Alright then, wait until February and then I'll tell you how much it is for you to invest in stocks again, we will invest every year until 1999, we have to earn as much as possible so that your stake is even bigger.”
”I see, anything else?”
”Yeah, actually the reason I called you here, as you may know, is because Charlie's team finished the products I asked him to develop.”
”Now I want you to find a group of very good and reliable lawyers to work with them on to get as many patents as you can get for these products.”
After that Jake explained to Emily some technical terms lawyers could use to get the patent, some of those terms were sent by Charlie and their team when Jake asked and others were from Jake coming from the future.
Because Jake's tech company was small, it was much easier and cheaper for them to get a patent on a product approved, especially with the reports Jake had prepared knowing exactly how a smartphone would work in the future.
Emily was a little upset at first that Jake asked her to ask a team of patent attorneys to work with her, but after hearing Jake saying all the technical terms and how many patents he wanted for these products she realized she wouldn't be able to get it that.
These patent processes usually took many years and needed a lot of research, especially when it was a patent using a technology that already existed. Jake wanted lawyers to show that the use of patents he was applying for was commercial and for a product he developed. and greatly improved a technology that already existed.
And it was true knowing that this was a technology that would only appear in another 7 or 8 years in the future, so after many hours with Jake explaining the future uses of this smartphone and tablet he let Emily and the lawyers handle it.
Even if he couldn't get all the patents he wanted, Jake knew he could get a lot of money in the future if only some of the patents he thought were approved, once the Android system was ready he could get many more patents.
Jake's biggest goal was not to stop the biggest companies from creating the smartphone, he would only do that if he really decided to start a smartphone company, what he wanted was to partner with the biggest companies in the world and make a lot of money by letting them. companies would use his patents.
He was a partner at Amazon today and would still look for more big companies of the future to become a partner, so what Jake thought was that with big partners he would be able to easily create new products.