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I smiled slightly, "Professor Li has hit the nail on the head. Regarding the financial budget, I did indeed approach it from a rather idealistic perspective. However, I have considered the risks and prepared a B plan. First, in terms of content development, we will adopt a combination of PGC (Professionally Generated Content) and UGC (User Generated Content), inviting outstanding students and teachers from our school to participate in course production while establishing a user sharing and evaluation system to reduce initial costs. Secondly, in terms of technological investment, we will prioritize the development of core functionalities, using an agile development model to make small, rapid iterations and avoid excessive one-time investments. Most importantly," I emphasized my tone, "our team firmly believes that integrity is the cornerstone of entrepreneurship. We will never resort to deception; every penny of funding will be used wisely, and we will regularly disclose our financial status for oversight."
My response was honest and confident, with no hint of evasion in my eyes. Professor Li looked at me thoughtfully and nodded slightly, choosing not to press further.
My defense concluded smoothly.
Next up was Lin Weiwei and her "team."
Lin Weiwei was clearly well-prepared, dressed in a smart suit with meticulously applied makeup, trying hard to project professionalism and confidence. Chen Mu Yang stood behind her, expressionless as he operated his computer. Wang Hao sat in the front row of the audience, constantly casting encouraging glances her way.
Lin Weiwei began to introduce her "Campus Second-Hand Trading Platform." Her delivery was stuttered, with many parts clearly memorized verbatim; her understanding of the market and technology was quite superficial. Fortunately, her PowerPoint presentation was reasonably well-made (probably thanks to Wang Hao's connections), and she occasionally displayed a pitiful expression in an attempt to garner sympathy.
When it came to the financial budget section, she visibly tensed up, her voice trembling slightly. She quickly flipped through several pages containing dubious figures and mumbled a few vague statements.
During the Q&A session, the professors' questions became pointed immediately.
"Lin, what is your platform's core competitiveness compared to existing similar apps on the market?"
"Your user acquisition and promotion plan is too vague; how do you intend to implement it specifically?"
"Your technical implementation path is unclear; Chen Mu Yang, can you elaborate on this?"
Lin Weiwei was left speechless under the barrage of questions, cold sweat pouring down her face as she repeatedly cast pleading glances at Chen Mu Yang and Wang Hao for help. Chen Mu Yang answered a few technical questions succinctly but lacked enthusiasm. Wang Hao fidgeted anxiously in his seat but felt powerless to assist.
Finally, it was Professor Li who asked a direct question: "Lin Weiwei, your project budget amounts to two hundred thousand yuan, with a significant portion allocated for equipment procurement and initial promotion. Can you explain the specific composition of this budget and your basis for pricing?"
Lin Weiwei's face turned pale instantly; her eyes were frantic as she stammered, "This... this was all determined by our team after detailed market research... and communication with multiple suppliers..."
"Is that so?" Professor Li adjusted his glasses and pulled out a document from a pile in front of him. "However, I have received materials indicating that several suppliers you listed are either shell companies or have quoted prices far above market rates. Moreover, within your budget is a line item for 'technical consulting fees' amounting to twenty thousand yuan payable to a newly registered company whose legal representative... appears to be your cousin?"
Boom!
The entire defense room erupted in an uproar!
Lin Weiwei looked as if struck by lightning; her body stiffened as her lips trembled, unable to utter a single word.
Wang Hao's expression changed drastically as he jumped up from his seat but sat back down dejectedly under Professor Li's icy gaze.
Chen Mu Yang stared at Lin Weiwei in shock and disbelief, his eyes filled with anger at feeling deceived.
"Lin Weiwei and Wang Hao," Professor Li's voice was not loud but carried an undeniable authority, "you two come with me to my office. The rest of you, the defense is paused."
Lin Weiwei's legs went weak; she nearly collapsed onto the floor. Wang Hao's face turned ashen.
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