This is a blatant dimensionality reduction attack!
The other seemingly high-end projects didn't resonate with the teachers and students present; they didn't understand the industry or the projects.
But Renrenwang was different.
Students at the University of Finance and Economics used it frequently, and many teachers and students in the lecture hall were even heavy users.
So, from the moment Chen Pingjiang displayed the topic, he had already won half the battle.
The clamor in his ears was so pleasant to Zhu Guangtong, and it also made him somewhat relieved.
Kuang Minghong, on the other hand, smiled and whispered to other department heads beside him.
"Old Kuang, you're not playing fair, hiding such a big move!"
"Exactly, Renrenwang is very popular at our school and several surrounding universities. Participating in the campus entrepreneurship competition, isn't this a massacre?"
"This young man is also good, tall, handsome, and has great stage presence, very impressive."
Kuang Minghong just smiled, not saying a word, his face beaming with pride.
"Is it the Renrenwang we use regularly?"
"It should be. I heard a long time ago that it was developed by students from our school. That's awesome."
"Then what the hell have we been bothering for half the day?"
With that, a participating student leaned back, adopting the "Ge You recline."
"..."
The teams whose projects hadn't started their roadshow yet all had a "motherf*cker, what the hell" expression on their faces; they were full of energy just a moment ago, but now they were constipated.
On stage, Chen Pingjiang calmly and eloquently addressed the dense crowd below.
This calm confidence was something other students lacked.
Others either spoke too quickly, maintained a poker face throughout, or avoided eye contact.
Chen Pingjiang's roadshow was more like a speech, with a moderate pace, an occasional smile, and active eye contact with the audience below.
He had already won by a large margin in terms of stage presence.
In fact, Chen Pingjiang had put a lot of effort into this business plan; there was a significant difference compared to other students.
Others' business plans typically included sections such as: project background, company profile, market analysis, industry competitive analysis, and financial budget.
Chen Pingjiang's business plan was more complete, a document that could be used directly for project financing discussions.
It not only included common categories such as company overview, development history, operational status, market analysis, business model, and competitor analysis, but also a complete organizational structure, user data, operating performance, market segmentation and positioning, detailed fund usage, capital exit mechanism, and even cash flow statements, balance sheets, and income statements.
This was another definitive dimensionality reduction attack.
The participating teams below were all withdrawn.
We play with concepts, you are noble, you are amazing, you go straight to detailed data.
"Supported by the six degrees of separation theory and set against the backdrop of the rapidly developing Web 2.0 era, internet users began to pursue more practical and authentic application experiences.
They yearned to organically combine virtual networks with real society, and thus SNS emerged, meeting people's real-world needs for socializing, entertainment, business, and trade. Users are both browsers and creators of website content.
I dare to assert that in the future, social platforms or websites must be a very important force in the internet, accompanying people's lives, regardless of whether Renrenwang is the one that ultimately survives."
As Chen Pingjiang concluded, the PPT roadshow portion also ended, and warm applause erupted in the lecture hall.
Unlike the polite applause before, this round of applause was significantly more enthusiastic.
Next was the judges' Q&A session, which was the most crucial part.
The first to ask a question was Ning Yongde, the Vice President of the University of Finance and Economics, who had the most prominent background.
He asked with a smile,
"I watched your roadshow very carefully, and you mentioned that Xiaoneiwang was acquired this summer. In time, how will Renrenwang face Xiaoneiwang, which has more users, funds, and resources?"
Chen Pingjiang nodded,
"Xiaoneiwang's biggest problem is that its users are all students. In such a closed circle, they can expand quickly, but sooner or later they will have to step out of their comfort zone. Renrenwang has been an all-encompassing SNS from the beginning.
As for how to respond to Renrenwang's rise, I'm sorry, that's a business opportunity. Please understand, I could spout a lot of empty words on stage, but it would be meaningless. In half a year, everyone will see how Renrenwang does it."
Wow, the teachers and students below exclaimed in admiration; he actually dismissed a question from the highest-ranking school leader with a "business secret, no comment."
Yet Ning Yongde was not angry.
It would be counterproductive for Chen Pingjiang to openly disclose his strategies in such an setting, allowing competitors to exploit them.
Although Xiaoneiwang might not necessarily pay attention to an entrepreneurship competition at a non-985/211 university, what if they did?
A representative from a well-known enterprise raised a very interesting question.
"Hello, Chen. I've noticed a significant difference between you and other contestants in terms of stage presence, eloquence, project understanding, and operational management experience. How did you develop these skills? Also, where did the project's funding come from?"
This question wasn't about the project but about the person, as investors often want to learn more about a founder's experience and capabilities.
Upon hearing this question, the participating contestants immediately frowned.
Didn't a "significant difference" mean they were terrible?
The good news was that they weren't the only bad team.
Chen Pingjiang cleared his throat, thinking, wasn't this question just an opportunity for him to show off?
"This summer, I started my first venture, setting up a street stall to sell grapes outside a university in my hometown. I marketed the grapes with a theme of love, targeting the high-end market, and made new beverages from leftover and unappeitable grapes. I developed and cultivated agents, earning my first pot of gold, 100,000 yuan, in about ten days."
At this point, Chen Pingjiang deliberately paused.
The audience in the lecture hall exclaimed in admiration, when did money become so easy to earn?
100,000 yuan in just ten days?
At the same time, their trust in Chen Pingjiang's abilities grew even stronger.
"After entering the University of Finance and Economics, I invested the 100,000 yuan into the catering industry, opening Xiao Chen Barbecue, which fortunately succeeded. It has now expanded to three branches, with a fourth branch also under preparation.
In addition to owning multiple brand stores, the catering company has established a brand center and a procurement center in the Gaoping Economic Development Zone. These entrepreneurial experiences allow me to better manage Renrenwang and continuously inject funds into it."
All the judges except Kuang Minghong looked surprised.
They hadn't expected Chen Pingjiang to also achieve moderate success in catering while working on Renrenwang.
Two companies with such a vast difference in scope both flourishing demonstrated Chen Pingjiang's personal capabilities.
What's more astonishing is that Chen Pingjiang had only recently entered his freshman year, making him a pure rags-to-riches success story.
The enterprise representative shook his head and sighed,
"Truly, the younger generation is formidable. When I was his age, I was still playing around. President Ning, your school has found a treasure."
Ning Yongde was also very shocked, not expecting such a figure to exist at the University of Finance and Economics.
Good speaking style, image, and temperament, well-prepared project plan, and even making money in a decent way, yet he hadn't heard of him?
He couldn't help but look at Kuang Minghong in the distance, planning to ask him about it later.
Chen Pingjiang's personal experience narrative was yet another dimensionality reduction attack on other projects.
Three consecutive dimensionality reduction attacks, each more devastating than the last.
The mature, implemented project, the highly professional business plan, and other successful ventures were all exceptionally eye-catching.
As Chen Pingjiang walked off the stage, the other contestants either looked at him with admiration or were so disheartened that they had lost all motivation, wanting to withdraw from the competition if their mentors hadn't stopped them.
"If we don't get the gold medal, isn't there still a silver medal? We won't compare ourselves to him."
"There's a problem with the screening of projects for the entrepreneurship competition. Letting this kind of project in isn't just crushing us?"
"Ugh, it's so frustrating. He's only a freshman, and he has a catering company and an internet company. We're seniors and can only write PPTs."
"Don't be discouraged. It's rare for someone like him to appear among hundreds of thousands of people in the entire Dongjiang University."
...
"How was it, Old Zhu? Didn't embarrass you, did I?"
Back in his seat, Chen Pingjiang raised an eyebrow at Zhu Guangtong, boasting.
Zhu Guangtong beamed, warmly patting Chen Pingjiang's hand,
"Excellent, excellent. I'll treat you tonight."
As worried as he was before, he was now just as happy.
Chen Pingjiang might fool around, but when it comes to business, he can really deliver.
After Chen Pingjiang stepped off the stage, there were no more decent projects for the rest of the afternoon.
The scores given were much lower than those for the morning projects, all thanks to Chen Pingjiang.
In the morning, there was no benchmark, so the scores were definitely inflated.
The afternoon scores were entirely based on Renrenwang's project plan, and comparing the two, the judges realized how terrible the other projects were.
Ultimately, Chen Pingjiang unsurprisingly won the gold medal.
(End of Chapter)
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