Reboot 2003

Chapter 111 018: The Guitarist of Shuimunianhua

Our boss Chen has been thinking about composing music for so long recently, it really isn't his fooling around.

The people in the ring tone department were a little skeptical at the time. The boss's previous performance was indeed far-sighted, but he didn't look like a person who knew music.

Even if he has the channel to get the lyrics and music, how can he guarantee that the lyrics and music will be a hit?Now that the market is so chaotic, in the field of online songs, I am afraid that even if you invite Li Zongsheng, you can't guarantee that the songs you write will be popular.

Just as he was muttering, the boss suddenly said: "Now you should do your own work well in advance. If this project can really be done, the business department of Galaxy Music can be independent, and then I will give you 25% of the equity as an incentive."

This is the first time for Boss Chen to draw cakes, 25% at a time, and everyone is a little surprised. There are no problems before. After all, this ratio is too much for the workers...

However, Boss Chen is not an iron rooster after all. Although if the money earned from the knowledge of rebirth, of course, it cannot be given away casually, but the first wave of profits withheld from this wave of copyright is almost the same, and the next value needs to be created by these employees together with him.

Considering that there is a lot of discretion in this complex chain of interests, if you do not want corruption and misappropriation of company assets to happen, then first of all, let them converge with the interests of shareholders, and the specific operation method is also very simple, that is, let them also become shareholders.

This is a simple truth, so how much equity should be given to them?

Executives are certainly important production organizers, but from a market point of view, Chen Qin not only provides capital, but also organizes production and strategic decision-making from scratch. It is the most irreplaceable part. Now it is necessary to give the team entrepreneurial incentives. It is reasonable to give more or less. The purpose is not to divide the cake in advance, but to let them work hard while making the cake. This kind of incentive looks a bit like employee incentives in general companies, and its amount is generally below 20%.

But employee motivation is not simply the higher the better.

Capital will encourage greed, and sometimes more capital will encourage executives to collude with each other and pursue personal interests on a larger scale. This kind of problem cannot be solved by giving more or less equity, and sometimes the more equity they have, the more serious this phenomenon is...

And this phenomenon also has a name in management science, called 'trench defense effect'.

Its strength is closely related to the proportion of executives’ shareholding, but it is not linearly inversely related. When it is between 0% and 8%, the convergence of interests will dominate, but between 8% and 25%, the trench defense effect will dominate, the convergence of interests will weaken, and corporate corruption is more likely to breed.

When executives hold more than 25% of the shares, the trench defense effect will be overwhelmed by the convergence of interests.

Although this theory is not iron-clad, what can Chen Qin, a primary school student, do if he wants to control the enterprise.

In the end, the overall ratio of 25% was set. At that time, the equity will be divided according to the position, and the personal shareholding ratio will be limited to less than 5%, and then other powers will be withdrawn, and only the right to dividends will be given to employees. When there is a chance to go public in the future, then consider share restructuring. It should be regarded as a relatively safe incentive plan.

The employees didn't think about it so much, and shouted at the boss, of course, it's still early, and the important thing is to start the business first.

Chen Qin doesn't need to worry about acting as an agent, because Boss Chen is so generous, and it seems that the songwriters don't have to worry about it. If the boss can't find him, they have to find their own way.

But at this moment, Sun Xiaomei who stayed in Shencheng suddenly said: "By the way, Mr. Chen."

She said: "A few days ago, a member of Shuimunianhua came to us to represent the copyright through Google's relationship..."

Lu Rong said to her: "Mr. Sun, this matter has been arranged. I just met Shuimunianhua yesterday and signed a CRBT agency sharing contract with them."

Sun Xiaomei said: "I know this, mainly because the last time we met, Shuimunianhua said that there was a guitarist who left the group, and now he is looking for another player..."

Chen Qin was puzzled: "Why did Shuimunianhua's guitarist find him through Google's relationship?"

Sun Xiaomei replied: "It seems that they have an active member who used to work for IBM. This time, they contacted us from Google's contacts and took the initiative to talk to us about copyright agency. By the way, let's ask if we are still recruiting."

Chen Qin was overjoyed: "Shui Mu Nian Hua is great. It must be very popular to make a debut as an online singer. Why are you hesitating? Just signed it."

"No," Sun Xiaomei explained, "Their guitarist is in poor health, and now he can't sing anymore. He wants to find a company to work for. I heard that our salary is high, so I came to ask. He used to do online advertising, and he also knows how to use game engines. He seems to be pretty good."

"This is Shuimunianhua?..." Chen Qin hesitated to speak, "It's okay, please send me your resume for a look."

Shuimunianhua is a star group in the era of campus folk songs in the new era. The members are all Jinghua alumni. Although they only have a popular song "Life is Yours", they are all from Jinghua University after all. Perhaps because of this reason, the skill trees of the members of this group seem to be a bit crooked...

Afterwards, Sun Xiaomei sent her resume, and Chen Qin glanced at it. This 'Shui Mu Nian Hua's guitarist' was called Yao Yongbo, and he looked really good.

Although he was the guitarist of Shuimunianhua, he joined it part-time, that is, he was a band guitarist and started a business at the same time. The entrepreneurial field is also quite coincidental. It seems to be an online advertisement. This person has been working for more than a year without falling behind on both sides.

Of course, compared to our boss Chen, who is both academic and entrepreneurial, and can bloom at both ends, he is still a bit worse after all.

Yao Yongbo seemed to be unable to work last year. On the one hand, he had to retire from the band because of his poor health. On the other hand, due to the rise of Kuaikan Media, the domestic advertising industry is getting more and more complicated this year. These small advertising companies have less room for survival. In short, his start-up company is also dying this year, so he plans to drag his family to find another home.

Chen Qin was easy to talk to, and the two skill trees he sent people to see this person's advertisement and game were not what he needed, but he did have related projects under his hands.

Coincidentally, I have something else to talk to my old friend about today... Chen Qin made an Internet call, and Gu Wenjie happened to be in the office, and he greeted him very cordially: "Aotian, why do you think of us today? Your galaxy software has developed very well recently, and I am talking about you with Mr. Ma."

(End of this chapter)