All Heavens Film and Television started from Joyful Qiao Weidong since childhood

Chapter 2131 Penguin caught on the hook!
In fact, since the financing, the company no longer belongs to Fang Xiewen alone. Although all decisions are still made by him, the interests of investors must be considered.

After all, it is not a good idea for your company to recruit a group of specialists. The B round of financing will be easily affected, and those executives who have already obtained all the benefits will probably unite to rebel.

So first of all, a junior college degree is definitely not enough. Although a 211 prestigious university is not necessarily required, companies now default to a bachelor's degree or above.

Of course, there are exceptions to some special circumstances, and naturally there are times when people use backdoors. For example, my mentor Qi Wenju has a distant cousin who is working as a clerk in the administrative department at the time.

However... this kind of backdoor operation requires Fang Xiewen's signature and approval, and usually even the Human Resources Department does not have the right to make the decision.

In a word!

The rules are for ordinary employees, and the boss is above the rules~
For example, when others are busy, Fang Xiewen can slack off in the office.

With feet on the desk,

"Dad, when are you going to take me out to play?"

"Oh my dear daughter, can daddy take you to the amusement park this weekend?" Fang Xiewen rarely says no to his daughter.

The father and daughter chatted for a long time until the phone indicated that the battery was low and then hung up.

Yikan Live is now becoming an instant hit. Not only are other platforms criticizing Fang Xiewen for being shameless, but even the attention of some giants has gradually been attracted.

For example, at the Shenzhen airport, several people boarded planes to the capital.

"Knock knock knock!" There was a knock on Fang Xiewen's office door.

"Mr. Fang!"

Vice President and Director of Operations Lin Hao, the company's Chief Financial Officer Liu Jie, and Xiao Zhou from the Technical Development Department are the three main drivers besides the boss Fang Xiewen.

What human resources department? The administrative department is even worse.

Among them, Lin Hao and Xiao Zhou are both Fang Xiewen’s old team members for many years, and only Chief Financial Officer Liu Jie is a talent who was just hired recently.

She is 36 years old and has worked in a large state-owned enterprise for seven or eight years. She then became the financial director of a listed company. Her family is from the capital and her husband is a senior executive in a bank. She has an absolutely terrifying amount of personal connections.

When he came to apply for the job some time ago, Fang Xiewen felt that he had picked up a bargain. If the other party had not been pregnant and had to rest for a year at home, she would definitely not have lowered her standards to come to his small company.

She is also vigorous and efficient at work. Since she took office as the Chief Financial Officer of Yikan Live, she has managed all the accounts clearly.

It is also very interesting to say that the founders of other companies like to use their own confidants in finance for fear of being sidelined by investors and finance, even if their abilities are mediocre.

But Fang Xiewen did the opposite. He is not afraid of your big ambitions, but he is afraid that you are incapable of doing things. He is even willing to give up the CEO position to you if you are sure. He is not willing to just lie down and cash out through the IPO.

"Mr. Fang, the company has burned through more than 500 million in two days. If this continues, I'm afraid the cash flow in the account will be less than a week!" Liu Jie didn't show any nervousness on her face. After all, she has seen a lot of things over the years.

"Don't worry, the money issue has almost been settled. Mr. Liu, please take a look at this first!" Fang Xiewen handed over the folder in his hand with a smile.

When Liu Jie took it and looked at it, a smile finally appeared on her cold face.

The file given to her does not contain much content, in simple terms, it only has one sentence in total!

That is, before the company went public, Yikan Live's Chief Financial Officer Liu Jie had the power to purchase 1% of the company's shares.

This is the option share, which will of course be diluted along with the company later on. And if a senior executive leaves before the IPO, this option share will naturally be lost.

In other words, it is to bind talents with the future!
Do you want to make money?

Do you want to make a lot of money?
OK!

Then I'll give you this opportunity, but you also have to show your talents to the fullest. Let's work together to take the company public and then we can make a profit!
This is what options mean. A slightly more sophisticated explanation is that they actually refer to the right to reap future benefits. This is also why many companies, as soon as they go public, the employees with the highest job numbers instantly become multi-millionaires or even billionaires!
This is also the reason why Internet companies can grow rapidly. When everyone works together, three cobblers are better than one Zhuge Liang. Just like in a family business, all the money earned belongs to your boss alone, and only the employees at the bottom would work themselves to death!
The option pool is there, and as long as you work hard, everyone will get rich together. This is not just the boss drawing a pie in the sky, but something that can actually be achieved. For example, the listing of Baidu has created many wealthy people!
"Thank you, Mr. Fang!" Liu Jie closed the folder happily.

After all, at her level, she no longer cares about an extra 1 or 2 yuan in salary. So what if the annual salary is a million yuan?

"Bang!" Lin Hao opened a bottle of champagne. He had known about this matter for a long time and even his share of options was involved.

Four glasses of wine were poured.

"Come on, let's have a toast together and wish our company to go public soon!"

"cheers!"

From then on, the three men became the Four Heavenly Kings.

In fact, as the company continued to grow, Xiao Zhou was somewhat unable to keep up, which is why he did not become the chief technology officer. Fang Xiewen has also been looking for other talents.

After Liu Jie left, the news about the options spread and my motivation to work soared. I didn't even have to stay up late to work overtime!

"Oh my, it really is true that money can make anything possible!" Fang Xiewen stood in the office, feeling somewhat emotional as he watched the busy crowd outside.

Even his expression seems a bit painful!

Mainly because of the establishment of the option pool, his shares have inevitably declined again, and now only a little over 39% remains. It is estimated that after the next round of financing, it may drop below 30%.

Sure enough, the founder's equity decreases quickly, and the faster the company grows, the faster his equity decreases.

Of course, the voting rights of the option pool are still in the hands of Fang Xiewen. For example, Liu Jie, who is temporarily eligible to subscribe, must first sign an equity action agreement.

Even no one else is qualified!
night.

"Lao Fang, I wonder why you have been sitting on the fishing platform all the time. It seems that you have been playing the long game to catch the big fish. My goodness, you have burned through more than 1300 million in one day. I would not dare to spend money at this speed even when I go back to my hometown to visit my grave!"

Lin Hao walked into the office with two glasses of wine
As for executives, company regulations prohibit drinking during work hours, but when it comes to actual implementation, these rules are only useful to cattle and horses.

"Sizzle~" Fang Xiewen took a sip of wine and looked at his friend who was already convinced.

He teased, "Haozi, I remember when I sold the company to Qihang, you were extremely reluctant!"

"How about this time?"

"Hey..." Lin Hao was a little angry. "Why do you keep bringing this up?"

Quickly change the subject.

"Will the penguins come over to inspect tomorrow?"

"Yes, as long as everything goes well, we can finalize the B round of financing before the end of the year!" Fang Xiewen stopped joking when talking about business. He took a sip and put down his glass.

"So how much are we worth this time?"

“It depends on how much they give~”

Fang Xiewen looked at the busy employees in front of him and couldn't help but feel heroic.

"Anyway, I'm Han Xin recruiting soldiers, the more the better!"

To be continued...

(End of this chapter)