My rebirth is different

Chapter 488 Share Distribution
In order to cooperate with Sun Zhengyi's "performance", Yu Wenfei also sat upright and said sincerely: "After listening to Mr. Sun's words, it is really better than studying for ten years. I have benefited a lot! I also thank Mr. Sun for trusting me! Believe me , this investment will not take long, and it will prove once again that Mr. Sun has the most vicious vision."

Now that the big bosses of both sides have negotiated, the atmosphere in the conference room immediately became relaxed.

Xue Chunhe and Cai Congxin also showed smiles on their faces.

Everyone is acting desperately to achieve the desired result. Now that it has been achieved, there is no need to be so sullen.

As for the details, the number of users and profit expectations promised by Yuwenfei will of course continue to be valid and must be written into the contract.

For other terms, let Cai Congxin and Xue Chunhe discuss it. The follow-up process will take some time, and the procedures that should be followed still have to be followed.

…………

Now that investment has been introduced, everything in the company will be on the right track, and this financing will not only increase two shareholders, but also involve the issue of employee share incentive pools.

After a tripartite negotiation among Facebook, Softbank, and Jiaotong University Venture Capital, the total shares of Facebook are set at 40 million shares. Based on the current valuation of [-] billion US dollars, each share is worth [-] US dollars.

Yu Wenfei originally controlled Facebook wholly through Star Technology, and just gave Cai Congxin 500% of the shares to attract him to join Facebook.In addition, there will be a share incentive of up to [-]% in the later period, and [-] million shares will be reserved for this area.

For this round of financing, 1000 million shares will be given to Softbank and Jiaoda Venture Capital, of which Softbank will invest 900 million US dollars to take 4000 million shares, and Jiaotong University Venture Capital will invest 100 million US dollars to take [-] million shares.It is worth mentioning that only half of the funds raised this time went into the Facebook account, and the other half went directly into the account of Star Technology.

In other words, Star Technology has cashed out part of the shares in advance.Over there, the WeChat project is about to start, and it also needs a large amount of funds.

As soon as venture capital enters the market, your founder will have to cash out a large amount of money, which of course makes the people in Softbank very unhappy.

If Yu Wenfei does not cash out, then Facebook will have a huge sum of [-] million US dollars!It has been enough to support it for a long time, and it can even save one round of financing, so Xue Chunhe immediately raised objections.

However, Yu Wenfei had already prepared a plan and made concessions on two points in exchange for SoftBank's consent.

One is to reduce the company's valuation to 38 billion, so that with 40 million financing, it still happens to reach [-] billion.

The second is about the stock incentives for employees. Yu Wenfei offered to take out another 1000 million shares from the shares of Star Technology to establish an incentive pool!In the future, whether it is the joining of senior executives or rewarding employees before the company's listing, it will be executed with shares from this incentive pool.

Of course, this stock incentive plan will not be implemented yet, and it will not be officially implemented until the company goes public. Some employees who have made outstanding contributions to the company's development will enjoy the results of the company's listing and receive a lot of stock rewards !

The shares are also divided into two categories: AB. The shares held by Star Technology are all Class B shares, but the shares of other owners, including future financing and listing, are only Class A shares.The difference between the two classes of shares is the voting rights. Class A shares have only one vote, while Class B shares have ten votes per share!

This is also a pavement for Yu Wenfei to continue to control Facebook after the shares are gradually diluted in the future.

It is not uncommon among Internet start-up companies, so Softbank and Jiaotong University Venture Capital have no objections.

At the same time, the board of directors of Facebook was also formally established. There is no doubt that Yu Wenfei was elected chairman of the board of directors with a crushing advantage.

Softbank and Jiaotong University Venture Capital can each send one person to the board of directors. Cai Congxin also joined the board of directors as CEO. In addition, Yu Wenfei nominated Lu Qi and Effie as employee representatives to the board of directors.

It stands to reason that employee representatives need to hold an all-staff meeting before they can be elected to the board of directors.

But who will be entangled in this process? It is not enough for a few major shareholders to approve it.

Yu Wenfei also has a reason for nominating these two people.

Needless to say, Lu Qi is a veteran of the company, and he led the technical team to create the Facebook website.He has a high prestige among the employees, is diligent in his work, has outstanding skills, and has an excellent resume.Such people, of course, are the backbone of the company, and sooner or later they will receive stock incentives.

Effie, Yu Wenfei admires this girl very much.His ideas are unconstrained, very aura, and he is courageous and responsible in doing things.As soon as he was promoted to be the manager of the public relations department, he dared to give up his studies and devote himself to the company.Moreover, the activity plan that he worked on became the "catalyst" of Facebook, directly helping Facebook complete the mark from 5000 million registered users to [-] million.

It can be said that at least 20.00% of the credit for obtaining such a high valuation in this financing comes from Effie's plan.

Such an employee, which boss can not appreciate it.

And for her, Yu Wenfei will be reused in the future, this is just the beginning.

…………

After this redistribution of shares, Yu Wenfei continued to hold 900 million Class B shares of Facebook through Star Technology, and became the largest shareholder with an absolute controlling stake.

There are 1000 million Class A shares in the newly established employee share incentive pool.

Softbank got 900 million shares, and Jiaoda Venture Capital got 100 million shares.

In addition, Cai Congxin has 100 million shares. According to his work performance, before the company goes public, he can still get 400 million equity incentives.

At the same time, the core team of Facebook has also been clarified.

Headed by Yu Wenfei, Cai Congxin, Lu Qi, and Effie personally formed the executive lineup of Facebook.It won't be long before this lineup will be expanded further.

After talking about the business, Yu Wenfei didn't feel anything, but Xue Chunhe congratulated him with a smile: "Congratulations, Mr. Fei, you are the richest man in China this year! You are the richest man at the age of 19. It feels incredible!"

Yu Wenfei was taken aback, what the hell?
Cai Congxin next to him also smiled and said: "Mr. Xue is right. If you only talk about net worth, Mr. Fei has indeed reached the top this year. Now the highest one should be Mr. Ding of NetEase. According to NetEase's stock price, it is only More than one billion US dollars. Mr. Fei’s current shares are worth more than 30 billion US dollars! It’s three times that of Mr. Ding. However, this year’s Forbes rich list should not include Mr. Fei on the list, after all, Facebook has not yet been listed. , this valuation does not count.”

Only then did Yu Wenfei realize that he was worth more than 30 billion U.S. dollars.

In the past few years, the country has just developed, and the wealth of the rich is not so exaggerated. After more than ten years, the richest man in the country is almost the richest man in Asia, and even ranks in the top ten in the world.Like Lao Ma and Xiao Ma, they are worth 400 billion US dollars at every turn.

In 2002, the richest man in the country was the Rong family, and it was only [-] million US dollars.

This year, the Internet industry has recovered, and the net worth of those upstarts has risen. Netease's Ding is always the one with the highest net worth, and now it is only a little over one billion.

If calculated based on Facebook's current valuation, wouldn't I have a net worth of more than 30 billion US dollars, which is three times higher than Mr. Ding.

Unfortunately, as Cai Congxin said, the Forbes rich list does not count such valuations, and Facebook is not listed, so it is impossible for Yu Wenfei to be on the list...

…………

"What? I was elected to the board of directors? Jingjing, are you kidding me!"

Effie looked at Hu Jingjing in shock.

She is not yet qualified to participate in the negotiations with Softbank, so she does not know about Yu Wenfei's nomination of her to the board of directors.

This was just after the meeting, and Hu Jingjing secretly ran over to tell her the good news.

"I also hope it's a joke, but unfortunately it's not. You and Director Lu entered the board of directors as employee representatives. Effie... No, Mr. Ai, you have made great achievements. You need to take care of me in the future. "Hu Jingjing said sourly.

Hey, I followed Yu Wenfei earlier than Ai Fei, and now I am just a secretary, the staff level is not high, and my monthly salary is less than [-].

Take a look at Effie, at first she was just a handyman in the administration department, just an assistant to the manager.

But it took off directly years ago!
Now they are all mixed into the board of directors. Although they don't have shares yet, it is conceivable that as long as there are no accidents, Effie will definitely get a lot of share incentives when Facebook goes public.

Effie was both surprised and delighted, she never expected that she would be able to join the board of directors.

That's the board of directors, the name sounds so lofty, and when I go out by myself in the future, people will call me "Ai Dong"...

…………

On March [-], a press conference was held in the No. [-] conference hall of the Peace Hotel on the Bund, hosted by Softbank China.

Softbank's name is still very famous, especially in the financial and Internet circles, so well-known media in the country basically sent reporters to the scene.

On the invitation letter, SoftBank only wrote such a confusing sentence as "help your dream!"

But the reporters are all monkey spirits, and they immediately guessed that this is another big investment from Softbank!
And the amount of investment this time must not be small, otherwise there would be no press conference. Like the previous several tens of millions of dollars invested, there was no mention of holding a press conference.

The press conference hadn't started yet, but the conference hall was already crowded with reporters.

All kinds of video cameras and long-lens cameras were set up, and the place closest to the stage was even more densely packed, with a large circle of machines densely packed with darkness.

"Hey, brother Liu, you have a lot of information in the venture capital circle, do you know which company Softbank is investing in this time?"

"Hey, I heard the wind, but I'm not sure, it shouldn't be so fast." That brother Liu smiled mysteriously.

"Tell me, Brother Liu, hurry up and tell me which company is so lucky to get a large investment from Softbank." Many reporters gathered around.

Brother Liu held back for a while, but still couldn't hold back, and said in a low voice: "A while ago, I heard from friends in the industry that Facebook is going to raise funds! And Softbank got the admission qualification, but according to the news, they should just start talking, no So fast."

There was an uproar from the crowd.

"Facebook? This is more reliable. Facebook has been very popular these days, suppressing the limelight of other websites."

"Did you see that two days ago, the Facebook homepage posted an announcement, saying that the number of users exceeded [-] million!"

"I'm in the financial line, so I really don't pay attention to this. [-] million users is such an exaggeration? Facebook has only been online for a few months?"

"It's an exaggeration. Other websites couldn't make it this far in a few years, and Facebook only took a few months to complete it. So Softbank is likely to invest in Facebook this time, and the investment will not be less."

"Yeah, looking at this posture, I feel that the investment will exceed [-] million U.S. dollars, otherwise it wouldn't be worth developing a press conference."

"It's definitely over 5000 million, but I don't know how much. The last time Softbank invested 6000 million or [-] million in UT Starcom, there was no press conference."...

(End of this chapter)