Immortal Master Invincible

Chapter 1252 Alien World (163)

After Pang Xiaonan left the Dongli Military Academy, he drove to the Black Mamba.

With such a large arsenal as the Black Mamba, there must be a complete database. Moreover, the Black Mamba must be interested in the glasses of force value.

Soon, Pang Xiaonan found Bei Dajun.

Bei Dajun let Pang Xiaonan into the office, made a cup of high-quality oolong tea, and handed it to Pang Xiaonan.

"Why are you free to come here today?" Bei Dajun spent a lot of time dealing with the aftermath of Blos's operation, and his eyes are still red.

"Have their funerals been settled?" Pang Xiaonan knew that this incident must be a major event for the Black Mamba. This was the biggest safety accident ever happened to a Black Mamba. A team of elites was damaged. Mostly, enough for the Black Mamba to keep busy.

"It's almost there. There will be special personnel to deal with the pension. I'm going to hold a farewell ceremony for the sacrificed people in a week. You must come then." Because all the bodies are left in New Blossoms, there is no way to hold the funeral. However, the Black Mamba can only hold a grand ceremony to commemorate those sacrificed teammates.

"Well, I will come." Pang Xiaonan's heart was a little heavy, because he thought of those teammates who fought side by side. Although they didn't get along for a long time, after all, life and death are shared.

"I heard that when Buckton Lin died, he gave you the captain's seat?" Bei Dajun looked at Pang Xiaonan with great interest.

Pang Xiaonan nodded and said, "That's what happened."

"It seems that you have won the respect of your teammates." Bei Dajun moved his neck, and he felt a little sore in his neck.

"It's not easy to be the captain." Pang Xiaonan laughed at himself. Originally, he was just an ordinary player, but after becoming the captain, the pressure on his shoulders suddenly increased, because you had to consider the life and death of the whole team.

"They all said that you did a good job." Bei Dajun pinched his shoulders with his hands, "It seems that if there is such a dangerous action in the future, the captain must be you."

"Don't, don't!" Pang Xiaonan quickly waved his hand and refused, "I'm not the captain, the responsibility is too heavy."

"It's hard work for those who are capable, so don't refuse. Only when you become the captain can you convince the public, and the reward for being the captain is a lot higher than others." Bei Dajun tried to seduce Pang Xiaonan with money.

"Really?" Pang Xiaonan was really interested in money, "By the way, when will the reward for this mission arrive?"

"It will be transferred to your account in a few days." Bei Dajun shook his neck again, "Bridge Morgan sent us the balance as soon as he arrived on the shore, and added a large bonus, and also Said that they will strengthen cooperation with us in the future.”

"That kid, you're very loyal." Pang Xiaonan immediately felt that Bridge Morgan was still very cute.

"He also specifically asked for your contact information." Bei Dajun gave Pang Xiaonan a strange look, "I only want yours, and everyone else doesn't want it."

"Is he trying to trouble me?" Pang Xiaonan thought that Bridge Morgan might blame him for not protecting the armor well.

"No, no, no, he was full of praise for you, and said that if there is any cooperation in the future, you must participate." Bei Dajun didn't know what happened in New Blossoms, and everyone was extremely grateful to Pang Xiaonan.

"I hope there is nothing wrong with him looking for me." Pang Xiaonan took a sip of oolong tea, and the sweet feeling spread in his mouth.

"By the way, several scientists of the scientific expedition team also expressed that they would come to participate in the farewell ceremony. Their teammates also died in New Blossoms, and there were no corpses. Therefore, they wanted to share the farewell ceremony of those dead scientists with ours. Get it together." Bei Dajun walked to the water dispenser and made himself a cup of tea.

"It's good to be together, it's lively." Pang Xiaonan felt that this ceremony should indeed be held together, after all, the scientific expedition team and the black mamba guards have shared adversity.

"I also told Bridge Morgan about this situation, and he said that he would come too." Bei Dajun knew that after so many lives and deaths in this team, they must all be together.

"Where is the ceremony held?" Pang Xiaonan held a teacup and looked out of the window.

"Right here, we decided to hold it at the Black Mamba base, because they are members of the Black Mamba, and they also gave their precious lives for the cause of the Black Mamba." Bei Dajun also looked out the window, and outside the window was the vast rolling hills.

Pang Xiaonan took out the force value glasses, handed them to Bei Dajun, and said, "I'm here today, and I have something else to do. I want to show you something."

"Are these...infrared glasses?" Bei Dajun took the glasses, looked carefully, and then looked at Pang Xiaonan suspiciously. He had seen a lot, and the shape of the glasses seemed familiar.

"No," Pang Xiaonan shook his head, "You try it on."

Bei Dajun put on the glasses, looked at Pang Xiaonan, and saw a few lines of small characters appearing on the lenses, and couldn't help but widen his eyes, "Are these glasses for measuring force?"

"Yes, and it also has the function of infrared glasses." Pang Xiaonan asked Fang to take the wartime environment into consideration as much as possible when developing the glasses.

Since the power value can be measured, according to Fang Zheng, it is to detect biological waves, and naturally the activities of living organisms can be detected.

"Are you sure?" Bei Dajun obviously knew the value of the glasses, but what he cared about was whether they were a toy or really high-tech.

"It's very accurate, don't worry." Pang Xiaonan explained to Bei Dajun the process of developing the glasses and the related principles.

When Bei Dajun heard that the glasses could match the strength of a martial artist, he couldn't help but frowned, and asked, "I saw that your strength is 96. According to your calculation, you are at the peak of martial arts?"

"Yes." Pang Xiaonan nodded.

"Hehe, it's impossible?" Bei Dajun tilted his head to look at Pang Xiaonan, with a disbelieving smile in his eyes.

"If you don't believe me, you can try it." Pang Xiaonan smiled half-smile, it didn't look like he was joking.

"You have really reached the peak of martial arts. Damn it, it's only been a few days!" Bei Dajun believed that Pang Xiaonan was not talking nonsense.

"Let me tell you, this is the biggest gain from going to New Blossom this time!" Pang Xiaonan didn't hide anything, "The island is not only suitable for cultivation, but also has many opportunities to speed up cultivation."

"It seems that I should really go to New Blossoms." Bei Dajun felt a little regretful. If he didn't want to take part in the Black Mamba, he would have participated in this operation with the Black Mamba escort.

"Don't regret it now, if the glasses are really okay, would the Black Mamba be willing to buy them?" Pang Xiaonan finally expressed his ultimate goal this time.

"If it really has such a miraculous effect as you said, we will naturally buy it." Bei Dajun knows the value of this pair of glasses. If he can equip the black mamba immediately, it will play an unexpected role.

"Then let's sign a contract." Pang Xiaonan thought that acquaintances would be easy to handle, so he had to act first.

"What's the rush, why don't we study it?" Bei Dajun put down his glasses and took a sip of tea, "Don't worry, as long as there is no problem, we will definitely make this deal with you."

"Then I'll put these glasses here for you. Don't ruin them. I spent millions of dollars to develop them." Pang Xiaonan intentionally multiplied the funds to show that his glasses are indeed very high. Technology content.

"You boy, you are so weird. I don't even know what your identity is. You are a student and a member of our Black Mamba team. You have also started research and development, and you want to do business with the military. Tell me, what are you doing?" Who?" Bei Dajun really couldn't laugh or cry to Pang Xiaonan, he was too good at tossing.

"I am me, a different kind of firework, haha," Pang Xiaonan joked, "Don't care who I am, anyway, if it's good for you, just do it, right? Can it still hurt you?"

"Okay, just put the glasses here, and I'll help you implement them as soon as possible." Bei Dajun sent Pang Xiaonan away, curiously took the force value glasses, and went to find the weapon expert of the Black Mamba.

It was already late at night when we left the Black Mamba. Pang Xiaonan was driving on Binhai Boulevard, the cool sea breeze was blowing in his face, and suddenly the phone rang.

The Bluetooth in the car automatically answered the call, and it was Zhang Yao who called.

"Pang Xiaonan, where have you been these days? Why can't I get through to you?"

Zhang Yao on the phone seemed a little excited, because Pang Xiaonan finally got back in touch after losing contact for a while.

"Mr. Zhang, I went back to my hometown during this period of time. The signal at home is not very good, so I can't get through the phone."

Pang Xiaonan's excuse has been said many times, so he came here casually.

"So it is."

"What's up?"

"Will you be free tomorrow?"

"what happened?"

"I want to eat at your house."

"Are you coming to eat again?"

"I'll bring food."

"Mr. Zhang, how about I invite you to eat outside?"

"No, I'll eat at your house."

"But, I don't want to do it."

"Then I'll do it."

"Forget it, I'll do it."

"Well, then you have agreed, I will come this afternoon."

……

Pang Xiaonan originally wanted to refuse, but after going around, Zhang Yao still got in.

Tomorrow is the weekend, and Zhang Yao really has no place to go, but Xiong Junjun is also at home, so it's okay for Pang Xiaonan to be lazy.

But Zhang Yao's unreliable claim about cooking made Pang Xiaonan afraid, because he had seen Zhang Yao's sword skills before, and he looked like a young lady who had never cooked.

But when Xiong Junjun was at home, Zhang Yao was still fine.

Pang Xiaonan felt very distressed. Why did Zhang Yao not treat himself as an outsider? Pang Xiaonan also needed a private space. Although Zhang Yao didn't come here frequently, it also affected his weekend arrangements.

However, it seems that there are no plans for the weekend.

When Pang Xiaonan arrived home, Xiong Junjun had already returned. Seeing Pang Xiaonan enter the house, he immediately got up and asked, "Brother, are you hungry? Do you want some supper?"

"No need, I'm still very full. Besides, eating late at night is not good, it will affect my figure." Pang Xiaonan made a face at Xiong Junjun.

"Oh, do you want tea?" Xiong Junjun still didn't sit down.

Pang Xiaonan walked to the sofa and said, "If you don't drink, why don't you go to sleep."

"I'm waiting for you to come back." Xiong Junjun said truthfully, after Pang Xiaonan came back, she was still worried that Pang Xiaonan would leave her and go to other places again.

"Fool, I don't know the end of the dragon, you don't have to wait, go to bed early." Pang Xiaonan sat down and looked at Xiong Junjun lovingly.

"I didn't sleep well when you didn't come back." That's right, in a huge house, if there is no male master at home, it's really difficult to feel safe.

"How are you doing at school?" Pang Xiaonan recalled these days, because he was very busy, he rarely cared about Xiong Junjun, although Xiong Junjun wanted to make a promise with her body, but she didn't agree, after all, she was still a sister in name.

"Well, brother, don't worry, I will definitely be admitted to Dongli Military Academy." Xiong Junjun is very confident in her grades, and now she is already the top three contestants in the whole year.

"That's good, by the way, that Anji didn't bother you anymore, did he?" Pang Xiaonan was still worried about whether his beautiful younger sister would be bullied at school.

"He, he doesn't dare to trouble me now." Xiong Junjun couldn't help laughing when thinking of that kid, "He is studying hard every day now, it seems that his sister went back and taught him a lesson, and he also said that he would be admitted to Donghua University. Li Military Academy, and, he said he would always protect me..."

Speaking of the latter, Xiong Junjun began to blush a little.

"Haha, it seems that he was woken up by a beating." Pang Xiaonan was happy that he saved a young boy who had lost his footing, but it reminded him of Anjina.

"Okay, it's getting late, I'm going to bed, and you should go to bed earlier." Pang Xiaonan got up and walked upstairs.

"Okay, brother, good night."

The next day, Pang Xiaonan remembered that Chunsun Fund still needed financing, so he went to Mr. Wang after his morning exercise.

Walking into Mr. Wang's villa garden, he happened to meet Mr. Wang doing Tai Chi under a tree.

"Hey, Old Wang, you got up pretty early." Pang Xiaonan walked over and greeted Mr. Wang.

"You wake up so early, of course I can't fall behind you." Councilor Wang put away his tricks and looked at Pang Xiaonan with a smile, "Why, do you have something to do with me so early?"

"It's a little thing, have you had breakfast, or can I treat you to breakfast, and we can chat while eating?" Pang Xiaonan and Mr. Wang have eaten many times, but they haven't had breakfast.

"You invite me to have breakfast? There is breakfast at home, let's go, go into the house." Councilor Wang said as he was about to walk towards the villa.

"Eating at home every day, don't you get tired? Let's go, let's have a change." Pang Xiaonan insisted on going out to eat.

"Okay, listen to you, I'll tell my family."

The two came to the farmer's housing area of ​​Hailong Island, which was already crowded with people.

Although today is Sunday, there is no special difference for working people.

This urban village on Hailong Island is considered a relatively remote urban village in Huahai City. Most of the migrants living here rely on art for their livelihood.

People who make a living from art mean that they don't have to work hard every day to squeeze in transportation, but only need to stay at home and constantly polish their craft.

Among them, there are some painters, some calligraphers, some writers, and some photographers. In short, as long as they are related to calligraphy and painting, they all flourish and develop in this urban village on Hailong Island.

These people are either unknown or soaring to the sky. It is said that the most famous painters who have gone out here have already sold tens of millions of paintings.

Most of the houses in this urban village are five or six-story residential buildings. Later, the government felt that the style and appearance of the urban village in such a high-end residential area as Hailong Island was really uneven, so it carried out several urban village renovations to transform the residential buildings in this area. All full of artistic sense.

The exterior walls of the houses are all painted in a uniform blue, light blue, which matches the blue sky and white clouds very well, and then some houses have hired painters outside, no, it should be said that graffiti artists have painted shocking pictures. The artistic atmosphere here has been raised to another level immediately.

Those who come to Hailong Island for tourism now may not go to the playground on the island, or not to see the mountains and the sea, but they will definitely come to this village in the city to experience it.

Because this village is located on Hailong Island, it is called Hailong Village.Since Hailong Village was intentionally developed into an art village by the government, it has become more and more prosperous. Those young people who dream of entering the palace of art through art have flocked from all over China, making Hailong Village even more artistic.

Although artists have the habit of going to bed late and waking up late, the people who serve the artist have already begun to work hard.There are also local residents of Hailong Village, who used to be either farmers or fishermen, and were used to getting up early. Now they have become charterers, and they all have nothing to do. a new day.

The day's plan is in the morning. Drinking morning tea is a must for the indigenous residents of Huahai City every morning. Although the consumption is not very high, they must have enough time. Those office workers cannot enjoy this process.

Pang Xiaonan and Councilor Wang came to a relatively high-grade restaurant in Hailong Village. Pang Xiaonan asked Councilor Wang: "Have you come here for morning tea?"

Councilor Wang shook his head and said, "I, I have not come to join in the fun for a long time. Look, there must be a sea of ​​people inside."

Sure enough, as soon as the two of them entered, they saw a bustling crowd. The welcoming lady said that the inside was full and they needed to queue up with a number.

Councilor Wang said to Pang Xiaonan: "Forget it, let's go out and find a roadside stall to eat. How about eating rice rolls?"

Pang Xiaonan didn't want to do it. He pointed to the crowds of people on the first floor of the hotel and said: "A place with a prosperous business must have its own characteristics. If you line up, you will line up. I have to see what is outstanding here today. You can't do it anyway. It's okay, I'm fine, just sit here and wait."

So the two sat at the elevator entrance in the hotel lobby, and waited for about 10 minutes. The big screen hanging on the wall showed that their number was in line, so Pang Xiaonan took the note and entered the banquet on the first floor with the service staff. hall.

This is a medium-sized restaurant, which can be regarded as a landmark building in Hailong Village. It serves morning tea in the morning, banquets at noon, and picks up individual guests in the evening. The banquet hall can be used to its full potential.

Pang Xiaonan ordered a pot of black tea, then ordered a few refreshments, and then he and Mr. Wang began to wait patiently.At this time, someone came over with a tea cart, and the little girl who pushed the cart told Pang Xiaonan that if he wanted to have morning tea faster, he could take the menu and pick it up at the dining table.

Pang Xiaonan got up and said to Mr. Wang: "You wait, I will take it myself."

People who dine out probably have this experience. When the business of the restaurant is too good and there are not enough service personnel, it is best to do it yourself and have enough food and clothing. Otherwise, you may not be able to eat when the flowers are all gone.

Soon, Pang Xiaonan came back with a few baskets of refreshments.

"Come, eat, old Wang, you're welcome." This was the first time Pang Xiaonan invited Mr. Wang to dinner, and he had a simple breakfast.

"What do you want from me?" Mr. Wang picked up a char siu bun and chewed it. "Well, I haven't eaten this for a long time. The taste is very authentic."

"It's like this, our fund is burning too fast, and it's about to run out of ammunition and food. I'll ask you to find a way." Pang Xiaonan cut to the chase, with a shrimp dumpling in the bowl.

"Oh, no money?" Representative Wang nodded, "Actually, I knew from the beginning that your several million dollars would be a good start, but I didn't expect to run out so soon, so tell me, how much more do you need? "

"Well, I'm not too sure about it, because I'm not in charge. What do you say?" Pang Xiaonan was eating shrimp dumplings, looking at Councilor Wang, "You are a leader in the investment world, and you have experience."

Pang Xiaonan first praised Mr. Wang and asked him to advise him.

"I've seen your software, and it's very good. The idea is right." Mr. Wang first affirmed Bai Keza's achievements, "If you want to make it big immediately, you have to spend money on it."

"Will it be very risky to spend too much?" Pang Xiaonan felt a little risky. These Internet businesses were not filled with disasters in one year, and the era of Internet dividends has long since passed.

"The less you spend, the greater the risk." Councilor Wang took a sip of tea, talked about the idea of ​​Internet investment with Pang Xiaonan in a serious manner.

"In order to grow the Internet business, a monopoly must be formed. Look now, who do you use when you think of search, who do you use when you think of chat, who do you use when you think of mobile payment? There are only one or two representatives in each field The company, everything else is cannon fodder."

"So you're saying that we must become a leading company in the information field to survive." Pang Xiaonan heard some tricks, and he picked up another cabbage heart and chewed it in his mouth.

"That's right," Mr. Wang also picked up a choy sum, which is very green and appetizing, "but to become a top company, you must gather a large number of users in a short period of time to form a traffic barrier. How does the traffic come from?" To put it simply and crudely, it’s just spending money to buy.”

"Can't you accumulate it slowly? I think the news on the homepage is very popular. With word of mouth, are you afraid that there will be no users?" Pang Xiaonan is still a little worried about the paid traffic, just like advertising. Money is spent, but can it be done? It's hard to say that it will produce benefits.

"You rely on natural traffic to attract customers, it's too slow!" Mr. Wang pointed out sharply, "Don't talk about Internet business, it's like those famous brand products in the past. , billboards on the side of the road, as long as you can see them, famous brands will definitely appear in front of your eyes.”

Pang Xiaonan nodded. Many people know a product from advertisements. No matter what channel, word of mouth will actively spread it after using it, but this efficiency is indeed slow.

Mr. Wang continued to teach Pang Xiaonan, "Word-of-mouth is something that people will take the initiative to spread after they have experienced it, but why do people use your stuff? Where do they know about your stuff? It can only be advertising, so we can only continue to use your stuff. Only by increasing investment in advertising can our products enter thousands of households."

"Just advertising is not enough, the essence of the product must be excellent." Pang Xiaonan still put forward higher requirements for the quality of the product itself.

"Of course, the prerequisite for you to advertise is that the product quality must be guaranteed, otherwise, the more you advertise, the worse your reputation will be and the sooner you will die." Representative Wang also has a high opinion of quality. If he hadn't seen that Pang Xiaonan's business was doing well, he wouldn't have joined the ranks of investors.

"Then how much money do you think we need to invest in advertising?" Pang Xiaonan doesn't know the specific operation of investment, but only a little understanding of investment philosophy, which is Mr. Wang's field.

"Well, I'll vote another [-] million." Mr. Wang threw out an astronomical figure.

"One hundred million?" Pang Xiaonan was a little surprised, and quickly took a sip of tea to suppress his shock, "Are you really optimistic about our business?"

"Either don't make it, or make it bigger!" Mr. Wang put a piece of rice roll into his mouth, the glutinous feeling filled his mouth, and the smooth rice noodles melted in his throat.

"Damn, can you invest a little less, you come in with [-] million, and I, the founder, are still messing around. Originally, the fund was still mine, so it will be yours." Although Pang Xiaonan knew that money was very important, he At the same time, I also know the horror of capital, even the best friends, when it comes to interests, they have to be courteous before fighting.

"Who said I'm going to invest in your fund? I'm just investing in your project, which is the company on the front page news." Councilor Wang gave Pang Xiaonan a blank look, and continued to eat his rice rolls.

"Isn't that a reason? Now the company is the only project of our fund. If you annex the company, you annex the fund." Pang Xiaonan is not stupid, and he must be cautious when fighting against a master like Mr. Wang.

"I won't vote if I don't have one." Councilor Wang completely extinguished Pang Xiaonan's illusions.

"Let's vote less." But Pang Xiaonan still wanted to fight for it. According to Zhang Ping, it was really close to the end.

"It's useless if you don't invest too much, you have to find someone else." Mr. Wang still didn't let go, because he knew that this kind of business would not work if the funds were too small. As long as there are newcomers who are willing to spend money, your creativity and Talent is someone else's.

"Hey, don't tell me, I really have a candidate here." Pang Xiaonan suddenly thought of someone.

"Who is it?" Representative Wang knew that Pang Xiaonan didn't know a few people in the investment circle, so a candidate suddenly appeared, which surprised him.

"Zhang Ping's father, Zhang Wanliang, do you know him?" Pang Xiaonan thinks that they are all people who hang out in the shopping malls of Huahai City. Councilor Wang should know Zhang Wanliang.

"Zhang Wanliang is Zhang Ping's father, so this problem will be easy to deal with." Councilor Wang's eyes lit up when he heard Zhang Wanliang's name.

"What's a good way?" Pang Xiaonan also took a piece of rice rolls, and there were only four rice rolls in a bowl. Mr. Wang had already eaten three rolls, and Pang Xiaonan hadn't tasted anything yet.

"Let's vote 7000 million. I'll vote 3000 million, and he will vote [-] million. What do you think?" Mr. Wang felt that the basic principle of [-] million cannot be shaken.

"According to your investment method, you think Zhang Wanliang is not as rich as you, right?" Pang Xiaonan knows the difference between leading and following investors. number.

"No, it's not a matter of who has money," Mr. Wang shook his head. "It's a balance, and it's also a way to diversify risks. I'm more resistant to risks, so I invest more."

"That still means you are rich." Pang Xiaonan didn't take it seriously. Mr. Wang was showing off his wealth nakedly.

"Is that okay, this refreshment is almost finished, why don't you go and get some more?" Councilor Wang looked at Pang Xiaonan with a smile, and he must give this kid a good meal today.

"You, you delicious ghost!" Pang Xiaonan got up, and brought a large stack of bamboo bamboo cages, and there were a few special teas here.

"Come on, eat, until you feel nauseous." Pang Xiaonan took the lead in picking up a tiger skin chicken claw and started chewing.

"Don't be so stingy, this is a [-] million business, can't you bear to eat a few dishes of yours? By the way, did you bring any money, but I didn't bring anything." Councilor Wang was afraid that Pang Xiaonan would play tricks, and declared in advance He came out naked.

"Don't worry, I can still support you with this little thing." Pang Xiaonan gave Mr. Wang a blank look, thinking that this old boy didn't treat Pang Xiaonan as a character too much, and thought he would renege on his debt.

"In short, for this project of yours, it takes [-] million yuan to raise funds. If you think about it, you spent a few million yuan in less than a month. You must spend more and more money in the future. I don't know if [-] million yuan can be used. Support for one year." Councilor Wang analyzed the stakes for Pang Xiaonan.

"Yes, what you said makes sense." Pang Xiaonan heard Mr. Wang's analysis, and it is true. With the increasing number of users, there must be more and more places to spend money in the future, and financing also has costs. Why not complete in one step.

"But you come in with [-] million, what else can I do?" Pang Xiaonan was still worried that his original intention of establishing the fund would be swallowed up by capital.

"You don't have to worry about this. Although capital has come in, you still have ways to control the entire company. Let me give you a brief overview of the methods." As an investor, Mr. Wang has done a thorough research on the company.

Equity includes two kinds of rights, property rights (money) and speech rights (rights).How to divide "money" and not "power"?

Control of the company is the number one concern of every founder.The management team of Vanke, the real estate flagship, accounts for about 5% of the company's equity, so it has been repeatedly invaded by barbarians.On the contrary, Ma Yun only holds 7.8% of Ali's shares, but still holds the company's control tightly in his hands, and has become the richest man in China; while the founders of many listed companies hold around 20% of the shares.So, how do founders gain control of a company without taking a controlling stake?
How many shares should be given to a partner to come in?In fact, there is no [-]% scientific and accurate calculation formula.In many cases, the allocation of equity is based on the game between the partner teams based on their roles, capabilities, and resources.However, although there is no [-]% formula, some models and cases are used to help everyone share equity.

First of all, it is necessary to profile all shareholders of the company.In a company, shareholders are divided into two types: external shareholders and internal shareholders.

External shareholders are mainly investors.Because for external shareholders and investors, they usually come in through the issuance of new shares, and after they come in, they usually dilute all the previous shareholders in the same proportion. How many shares to sell” is more about the company’s valuation.

Internal shareholders include several parts: the first is the founder of the company, usually the boss of the company; the second is the partner team; the third is the company's employees.How to distribute the equity among internal shareholders is facing a complex game.

According to the Huaguo Company Law and the company's articles of association, the company's highest decision-making body is the shareholders' meeting. Ordinary voting items at the shareholders' meeting are mostly passed by a majority of more than one-half of the voting rights. The above voting rights passed.If you have a controlling stake, you can control the decision-making of the shareholders' meeting, and then control the company.

There are three forms of the company's shareholding structure, namely absolute holding, relative holding and no holding.

It involves a key figure in China's company law: more than two-thirds, that is, more than 67%, is an absolute holding.

This means that for all major issues of the company, from a procedural point of view, all shareholders can negotiate democratically; but from a result point of view, all shareholder objections are invalid.The major shareholder of the company can decide all the affairs of the company.If the entrepreneurial resources and capabilities of the founders are absolutely concentrated, an absolute holding model can be considered.

Absolute holding can be realized in two different ways.One is that the major shareholder holds absolute control.Another situation is that if the two shareholders trust each other, the two people add up to more than two-thirds, which is also a way of realization.For example, in the early shareholding structure of Tencent, Ma Huateng only held 47.5% of the shares, but Zhang Zhidong, his college classmate and entrepreneurial partner, held 20% of the shares.

According to the company law, if a shareholder holds more than half of the equity, it is a relative holding.Except for a few matters, the major shareholder cannot make decisions alone, but he can make decisions on most other matters.The things that cannot be decided are mainly related to whether the company's procedures damage the interests of other shareholders, such as company mergers, dissolution and liquidation, dividend distribution, and amendments to the company's articles of association to increase the company's registered capital.

If the founding team accounts for less than 50% of the shares.The founding shareholders have only one veto, but it is not a one-vote decision, and it is not a one-vote veto on all matters.

So how do you control the company without holding a controlling stake?

When many companies go public, the founders do not hold a controlling stake.For many domestic companies that go public in the United States, the founder's shareholding is basically around 20% after listing.So, how can the founder control the company without holding a controlling stake?Typically there are four modes:
The first is entrustment of voting rights. Shareholders of the company entrust their voting rights to other specific shareholders (such as founding shareholders) through an agreement.An example is that JD.com went through multiple rounds of financing before listing. By the time of listing, Dongge only had about 20% of the shares, but before listing, Dongge had more than 50% of the voting rights, because many investors who came in later entrusted the voting rights to Dong Ge exercised.

The second is the agreement of persons acting in concert. When the equity is relatively dispersed, or the equity between the two major shareholders is very close, if everyone disagrees, it is especially detrimental to the stability of the company. "Persons acting in concert" means through an agreement that certain shareholders take concerted action on specific matters.When there is disagreement, some shareholders will follow the people acting in concert to vote.This method is also more common in A-share listed companies.

The third is the shareholding platform model. There are two types of shareholding platforms. The first is the limited partnership model, and the other is the limited liability company model.

A limited partnership also requires industrial and commercial registration, and the design of voting rights among partners is quite special.In this model, there are two types of partners: general partners (GP) and limited partners (LP).General partners undertake management functions, while limited partners, as capital contributors, do not participate in business management and only enjoy benefits.The control of the general partner has nothing to do with his shareholding ratio, but with his identity.

Mantis Financial Services is a limited partner model.Mantis Financial has two major shareholders: Hangzhou Junhan and Hangzhou Junao.Both firms are limited partnership models.They have a common general partner—Hangzhou Yunbai, whose voting rights are basically in their hands.And this company points to the same person behind - Ma Yun.

Through this design, Mantis Financial Services distributes most of the benefits to the team, but 100% of the control is in the hands of Ma Yun.Peng Lei, a partner of Mantis Financial Services, said in an interview: "Ma Yun's shares in Mantis Financial Services do not exceed his shares in Ali Group, that is, less than 10%." Ma Yun only shared interests, but did not share control.

The limited liability company model is to set up a limited liability company at the shareholder level to form shareholders' rights through it.Haidilao is such a structure.

In Haidilao's shareholding structure, Zhang Yong and his wife only account for 33.5% of Haidilao's shares, but they have 83.5% of the voting rights.The reason why the voting rights are higher than the shareholding ratio is because of the design of the shareholding platform.

50% of Haidilao's shares are held in the form of a limited liability company, Jingyuan Investment.In this limited liability company, the founder Zhang Yong and his wife together account for more than 2/3 of the equity, which is an absolute holding. In essence, the voting rights of his partners are concentrated in his hands.The other two shareholders of Jingyuan Investment only have dividend rights and no voting rights.

But in this model, only if you hold more than 51% of the shares, you have control.Because the voting rights of a limited liability company are linked to the shareholding ratio.

The last model is the AB share plan, which splits the company’s stock into two categories. One is called Class A shares, which are held by external investors, and one share corresponds to one voting right; the other is called Class B shares, which are held by the management team. Yes, 1 share has multiple voting rights.

比如陌陌的创始人唐岩1股有10个投票权，京东东哥1股有20个投票权，Twitter创始人1股有70个投票权。但AB股计划有它的适用空间，在某些资本市场目前还不被接受。

Pang Xiaonan listened attentively, but his head grew dizzy, because this was a field he had never set foot in.

"You are too complicated, I just want to know, can I retain control when you come in with a hundred million?" Pang Xiaonan's goal was directed at the essence of the problem.

"No problem, I can entrust my voting rights to you." Councilor Wang originally wanted to come in to help Pang Xiaonan and make some money by the way. He had no intention of seizing power at all, and he knew that Pang Xiaonan could listen to what he said Those who go in, the final decision still has to refer to his opinion.

"Oh...so that's how it is. I understand it. It means that you only need to share the money, and then you give me your voting rights. Together, we will have an absolute controlling stake!" Pang Xiaonan continued to hold a tiger-skin chicken claw Taste it, this is the hand that grabs money.

"That's right, that's what it means. By the way, did you share the shares with Zhang Ping?" Councilor Wang suddenly remembered that Pang Xiaonan was just a hands-off shopkeeper, and Zhang Ping was actually operating the fund.

"No, I only gave stock options." Pang Xiaonan verbally promised that if the company develops in the future, she will share the shares with her, but Zhang Ping agreed without being serious.

"This is not acceptable. Although you have a good relationship, brothers have to settle accounts, not to mention that you are just a simple relationship between male and female classmates." Councilor Wang raised his eyebrows at Pang Xiaonan, "Just this time, when his father came in, he took this The matter of shares should be carefully planned, so it will always be justified."

"Okay, you can help me plan it, I don't know it anyway." Pang Xiaonan has a headache when he thinks about running a company. The laws of Huaguo are too complicated, especially the company law.

"I'm not that good. I'm getting old. I'll let Zhang Wanliang design it. Let's nod and agree, and it will be done." Councilor Wang took a piece of taro and threw it into his mouth.

"Old Wang, you are talking about a project export of [-] million, or you should invite this meal?"

"roll!"

After morning tea, Pang Xiaonan and Councilor Wang walked back to Hailong Community along the seaside path. Pang Xiaonan asked Councilor Wang's condition, "How is it, old Wang, are you feeling well now?"

"Now, I feel more than ten years younger. I still want to thank you for your treatment." Councilor Wang's steps are steady, and he does look like a healthy middle-aged man.

"You can't stop the medicine, I'll get you some tonics another day..."

(End of this chapter)