I was the Founding Father of the United States

Chapter 57 Technology Innovation Companies

Old Joseph sized up Chen Wenbin, whose composed demeanor and bearing resembled those of an Eastern prince, and nodded slowly with admiration in his eyes:

"...Are you referring to those two painkillers, the luxurious spring carriage and sewing machine that were prepared to be presented to the king?"

I admit that if those two drugs were really that miraculous, you could indeed make a lot of money for your shareholders!

You might even become the richest person in Britain soon!

But there's an insurmountable obstacle in between. Do you know what it is?

Chen Wenbin did not answer immediately, but glanced at Samuel Adams, Warren Hastings, and Henry Courtes sitting next to him.

The latter noticed his gaze and gave him an apologetic smile.

This guy just got home last night and wrote to old Joseph about Chen Wenbin's situation in detail, including the one percent of PUIC shares he bought from Chen Wenbin at a low price.

This is normal; you can't expect a friend who's only a business acquaintance to keep a secret from his father.

Chen Wenbin didn't seem to blame him, but instead directly asked old Joseph, "...Mr. Courtes, may I speak with you alone?"

"Robin..."

Henry thought he was angry and was about to explain when old Joseph waved his hand and ordered, "Henry! Warren! Go and try the Cuban cigars I brought! They're a rare find in London!"

Chen Wenbin raised his hand to stop Samuel Adams from saying anything, and laughed, "Samuel, why don't you come and try it too!"

But don't believe any of those stories about Cuban girls rolling cigars on their thighs... that's definitely a lie! In Havana, the people actually rolling cigars are mostly elderly Spanish women and black slaves!

When old Joseph heard this, a look of surprise appeared on his sallow face for the first time: "You've been to Havana?"

"...Didn't Henry tell you?"

After the three left, Chen Wenbin shrugged and smiled faintly, "I was a doctor on a slave ship... that experience helped me grow a lot!"

Okay, let's get down to business!

His gaze met old Joseph's eyes. "I'll answer your question, Joseph!"

The obstacle you mentioned, I think, is a threshold, a status, a qualification, or a circle... Anyway, whatever word you use to describe it, it roughly means that I need to pay a certain price in exchange for the right to operate my pharmacy, factory, and company in England!

Am I right?

"...Slap! Slap slap!"

Old Joseph couldn't help but clap his hands a few times, feeling a pang of regret. If this young man, who could see through the essence of things, had been his subordinate back then, perhaps he wouldn't have had to leave the navy after the Battle of Toulon!

"You're right, Robin!"

He said, half reminiscing and half sighing, "Generally speaking, all the good things in this world, good businesses and good resources, are limited in quantity!"

Most people who don't have a good background need to work their hardest to have even the slightest chance of changing their fate!

Those who already control resources, wealth, and power will not allow anyone to take away their interests, so they form alliances, set rules, and suppress dissent... But at the same time, they are also willing to recruit more capable individuals.

You should understand why: those who inherit power and wealth often lack the ability and courage of pioneers; they also need fresh blood!

"I completely understand what you mean!"

Chen Wenbin shrugged and added for him: "The more a country is willing to absorb fresh blood, the stronger it becomes. This logic not only applies to the national level, but also to the operation and management of companies."

That's exactly what I did in North America. I was happy to share my success with my friends, who became shareholders in the company and reaped substantial profits. In turn, the company and I benefited from their influence, becoming even stronger!

Of course, Joseph knew about Chen Wenbin's two rounds of financing in North America, and he also knew that Chen had turned almost all the top wealthy families in New England into his shareholders and allies... If it weren't for this, he would have handled the matter in a different way, and he wouldn't even have needed to personally intervene.

Therefore, he became even more curious about Chen Wenbin.

"...Then why are you giving shares to the company's ordinary managers or even skilled craftsmen? You could simply reward them with money instead of offering valuable shares!"

This is something that has always puzzled him. According to common sense these days, workers only need to work, and there is absolutely no need to give them shares!

"Because the nature of the companies is different!"

With a confident smile, Chen Wenbin said, "PUIC is neither a company that relies on policy to implement a monopoly, nor a resource extraction company, nor a small workshop that makes money by piling up labor. It is a unique technology innovation company in the world!"

"A technology-innovative company!"

Old Joseph repeated the unfamiliar phrase, then looked at Chen Wenbin, waiting for his explanation.

"That's right! A technology-innovative company! It wins by relying on disruptive new technologies; the value it creates depends entirely on the company's inventions and product quality!"

Chen Wenbin casually picked out some of the rhetoric used by 21st-century internet founders to change the world and continued to bombard the old relics of the 18th century.

"A Jenna spinning machine costs less than £5 for all materials and labor, so why does it sell for £49?"

Because it increases spinning efficiency by twenty times!

A woman spinning yarn at home can earn between £1.5 and £3 a month from it!

If two or three families use it in shifts day and night, its efficiency can be increased by two to three times!

Even though old Joseph already knew the efficiency of Jenna's spinning machine, he couldn't help but exclaim, "What an amazing invention! Robin! You've created a miracle!"

"No! That alone doesn't constitute a miracle!"

Chen Wenbin smiled faintly, "If I had invented the Jenna spinning machine based solely on inspiration, I might just be a lucky craftsman, but I would much rather be an entrepreneur!"

Joseph, did you notice the details I just mentioned?

Why would I dare to let two or three families jointly purchase a spinning machine?

Just think, if the machine breaks down, how many people would I have to send to handle after-sales repairs?

If I'm unwilling to provide after-sales service, then very quickly no one will be willing to risk buying it!

Old Joseph was drawn to Chen Wenbin's question, his body leaning forward unconsciously, his mind racing, and then he felt he had discovered the truth!

"...Quality! You just mentioned the quality of the product, right? You made your spinning machine very reliable, so you dared to sell it to three families!"

This way, after-sales service can be handled at a very low cost!