My rebirth is different

Chapter 404 Facebook Stripping

There is no rush to help Facebook find a CEO, and this is also a matter of no rush, because top talents are inherently scarce, and it is even more difficult to find people who are suitable for Facebook and willing to work here in a short time.

The most urgent thing for Yu Wenfei is to sort out the equity relationship of Star Technology Company and establish Facebook Company.

When Star Technology was founded, Yu Wenfei personally invested [-] million yuan, so this company, including Facebook, is his sole proprietorship without a second shareholder.

However, it is obviously impossible for Internet companies to have only one shareholder all the time.

Not to mention the need to attract venture capital to enter the market for financing in the future, even the key employees of the company will be allocated some equity.

So separate Facebook and Star Technology as soon as possible.

Yuwenfei's plan is that Star Technology exists as the parent company, and now it holds 100% of Facebook.

He will not easily distribute the shares of Star Technology to others, nor will he allow Feng to enter the market. In the future, Star Technology will exist as a holding company, which will control many branches.

As for Facebook, the equity will slowly be diluted.

After the CEO is in place, an equity incentive plan will be signed, and a certain share of shares will be gradually given according to performance.

When the wind enters the market, it will definitely take a considerable part of the shares.

As for the company's listing in the future, the important employees of the company will also receive part of the incentive shares.

As long as Yu Wenfei can ensure that he can firmly control Facebook, as for the shares, there may not be many in the end.

This is true of all Internet companies, and it is basically impossible for the founders to maintain a large number of shares all the time.Because in the process of development, you have to go through many rounds of financing and share expansion, which is tantamount to using other people's money to develop your own company.

Then others have spent so much money, of course they have to take away a lot of shares.

In a long time, it has changed from your company to everyone's company.

Take a look at Lao Ma's Alibaba. When the company went public, Lao Ma only owned [-]% of the shares.

Pony's Tencent was even worse. When Tencent reached its peak, Pony only held 5.00% of Tencent's shares.

However, the power of the two is also evident, with only such a small amount of shares, but the control of the company is still firmly in the hands.

As for those company founders who were kicked out of the company after the company went public, it can only be said that they were too stupid and not smart enough.

…………

In January 2003, Yu Wenfei's main job was to reorganize several companies under him.

First, the Facebook technology company was established, with a total assets of [-] million, including the funds on the books.

Star Technology Company is Yuwenfei's sole proprietorship company, 100% holding Facebook Technology, and the company's book capital is [-] million.

That is to say, when Yu Wenfei founded Star Technology, [-] million of the [-] million was invested in the Facebook project, and now he only keeps [-] million in cash for other purposes.

After Facebook was spun off, the working relationship of all employees was transferred to Facebook Technology Company.

Star Technology, as the head office, currently only retains a separate finance department, a project incubation department, and Yu Wenfei, the brilliant commander.

Oh, and there is a secretary, Hu Jingjing.

The incubation department of this project is worth talking about separately.

In fact, two project groups currently belong to this department.

One is the instant messaging project team controlled by Li Xin, and the other is the Yifei project team.

There are not many employees in the two project teams, and there are only five or sixty people in total.

All the rest of the employees are assigned to Facebook Technology. Facebook Technology now has quite a large number of employees, with a total of more than 200 people.

As for Facebook Technology, Yu Wenfei temporarily serves as CEO, and will resign after a suitable candidate arrives.

Lu Qi, the company's technical director, can be regarded as promoted from the manager of the technical department.

This can also be regarded as Yu Wenfei's reward for his contribution to the development of Facebook.

The technical director is his position. In addition, Lu Qi's level in the technical system has also been directly upgraded from T5 to T7!

This is great, because starting from T7 means that you are eligible to enjoy the company's equity incentives.

When the company goes public in the future, not to mention too much, at least the millionaires are gone.

In the entire Star Technology Company, besides Yu Wenfei, Lu Qi is also the first among the three major employee systems to reach level 7!

…………

Facebook was spun off from Star Technology and established a separate company, and of course all employees were notified.

Because many people's work contracts need to be re-signed.

Everyone is indifferent to this. Anyway, nothing has changed, the boss has not changed, the company has not changed, and the treatment has not changed.

It is estimated that the boss has nothing to do and is tossing around again. In the company, no one discusses this matter.

However, a subsequent notice to all employees of the company caused a sensation.

"This is to inform that Lu Qi, the manager of Facebook's technology department, will be promoted to the company's technical director with immediate effect, in charge of all departments related to the company's technology (technical department, various project teams, computer rooms, etc.). The employee level will be upgraded from T5 to T7!"

Director Lu Qisheng, this is no surprise to everyone.

Originally in this company, including when he was in Yitang, he was the head of the technical department.

After arriving at Star Technology, he has been in charge of Facebook projects. Now that Facebook is doing so well, Lu Qi has made a lot of contributions, and his promotion is a matter of course.Everyone is also convinced.

However, his employee level was directly promoted from T5 to T7, which made everyone a little envious and jealous.

Let’s talk about salary first, which directly jumps two levels, which means that Lu Qi’s salary will become an annual salary system, and it will directly start at 50.

When he was a manager, Lu Qi’s monthly salary plus subsidies was only more than 1 yuan, and it would be about 20 yuan a year.

Now, it has more than doubled.

A higher salary is acceptable to everyone.

But this T7 can still participate in the company's equity distribution!
This means that Lu Qi will be one of the company's shareholders in the future...

"Boss, congratulations, do you want to call Mr. Lu in the future! This kind of happy event, Mr. Lu wants to treat everyone to a good meal, right?"

The employees of the technical department have already started to congratulate Lu Qi, which is really worth celebrating.

Lu Qi also had a happy face, "Haha, thank you, thank you. I will treat guests on weekends, and you can choose the place!"

Now he dares to say such big words, but in the past, he would not have dared to be so generous.

There are hundreds of people in the technical department, with an average of 100 yuan per person, and the cost is tens of thousands, which can bankrupt him!
Now, even if they all go, it's nothing more than tens of thousands of yuan, just a month's salary...

Thinking about a month's salary, Lu Qi still felt a little heartbroken.

But this money still needs to be spent. Besides, there will be more opportunities to make money in the future, so there is no need for me to be stingy anymore.

They are all employees of T7, so they should look like T7 employees!
(End of this chapter)