Winning the new financial era

Chapter 297 Nutrition Can't Keep Up
"No, No...Xu, this proposal of yours is terrible." White repeatedly waved his hands, "The formal process of a start-up company is to set up an option pool before venture capital enters."

"Mr. White is right, we are the "official" venture capital of Green Company, and your original shareholders can be regarded as the "founders".

The setting of the option pool must be solved by you first. "

Hamilton was also extremely resolute. He calculated that after this round of financing, the option pool would be diluted to only 3.2%.

Only at this time will the option pool be replenished to 10%, and their shareholding in Uber will be reduced from 8% to 7.456%, resulting in a loss of US$680 million.

It has to be said that this group of Silicon Valley investors are all better than monkeys, and they immediately noticed the defects of the option pool.

Howard is also very happy in his heart. The option pool has been replenished by 10%. Even if it is diluted to 8% after the A round of financing, based on the post-investment valuation of 12.5 billion, there will be an additional option of 6000 million US dollars.

He, the CEO, has also benefited a lot!

However, Howard's facial expression was very restrained. He knew that it was not suitable for him to express his position at the moment, so he had to be more humble.

Since I came to work in Green, I know that in order to build a good relationship with Zhang Yida, a Chinese boss, I have to learn Chinese and Chinese culture well.

Having read Chinese historical classics, he knows that there is a cultural custom in China, that is, "When someone gives you a gift, you have to be humble again and again, and then others will still give you the gift firmly."

He also watched the Chinese New Year video. When someone gives you a red envelope, you must show a strong rejection, and then they will forcibly stuff the red envelope into your pocket.

Howard was thinking, when they set up the option pool later, would he have to pretend to decline?

Xu Xiaoming also tried his best, and the two foreigners, White and Hamilton, did not agree to dilute their shares to set up an option pool.

Xu Xiaoming looked at other investors, implying that they were talking!I just go up and fight alone, and you guys just sit on the Diaoyutai?
"It stands to reason that this option pool should be set up by the founder!"

Some investors set their sights on Huang Xiaofeng, Zhang Yida's representative.

Huang Xiaofeng was very resolute, "Didn't Mr. Hamilton say that just now? Our original shareholders of Huimin Travel can be regarded as the founders.

If you want to replenish the option pool, everyone should make it together. How can there be any reason for Mr. Zhang to make it up alone? "

"Yes, we have nearly twenty investors together, and a little dilution of one side will be enough."

Xu Xiaoming also came out to chime in, "How could it be possible for Yida to contribute alone? It is unfair for one party to contribute a full 6% of the shares.

Huimin Travel under the leadership of Yida has developed so smoothly over the years, and everyone's book returns are also pretty good!
In this case, not to mention rewarding the founders, I have never heard of anyone asking the founders to fill in the holes. "

"6% is not much, let us share it proportionally!

It's not too early, so let's get this matter out of the way, so that Green's A round of financing can be successfully concluded.

Do not worry! Green is favored by so many investors, and will definitely give everyone a good return in the future. "

Shen Beipeng also spoke, and set the tone in one fell swoop.

Other investors no longer objected, and nodded in support.

In this way, the original investor diluted a part of the equity proportionally, and made up 10% for the option pool.

Zhang Yida held the most shares and sacrificed the most, reducing the shareholding ratio from 35.74% to 33.6%.

Then Green raised US$2.5 million in Series A financing, and the equity was diluted by 20% again, and Zhang Yida's personal shareholding dropped to 26.88%.

Because there are 1 voting rights for 20 B share, the voting rights of the shares held by Zhang Yida are still very high, accounting for a full 88.03%.

After completing the financing, Huang Xiaofeng made an overseas call to Zhang Yida and reported the process and results of the financing.

The matter of the option pool surprised Zhang Yida a little, and he really didn't consider this issue.

Zhang Yida still supported the replenishment of the option pool to 10%.For some high-level talents, in addition to high salaries, a large number of options must be given.

Without a "dream of wealth and freedom" hanging, it is impossible to attract the golden phoenix.

Especially with the existence of options, it can also save part of the wages in disguise and make the company's cash flow more abundant.

Being diluted by about two points of shares by the option pool is nothing to Zhang Yida. What he cares most about is the stability of the company's structure.

Afterwards, Howard also made a call to Zhang Yida and reported to him, the chairman, about the A round of financing and the establishment of the option pool.

"Mr. Zhang, this option pool is really not what I want. I reluctantly agreed to it only after the strong request of investors from Google and Uber and the consent of other shareholders."

Howard really played the trick of humility in front of Zhang Yida.

Zhang Yida was a little surprised when he heard this, what kind of operation is this?Do Europeans and Americans still have this virtue?

"Howard, work hard, you deserve it." Zhang Yida asked again: "What's your plan for the next step?"

"Explore the European market," Howard said confidently, "No one can stop Green from going to the global market."

"It's a good thing you have this confidence." Zhang Yida praised him and then asked, "I heard that Lime and Bird are looking for financing and plan to launch products?"

Zhang Yida heard this news from Huang Xiaofeng, who was also mentioned by White at the financing meeting.

"Yes, there are investors in Silicon Valley who have shown interest in them."

Howard looked indifferent, and said: "After all, they are cheap, and millions of dollars can be invested in them. There are always investors with the gambler's mentality of "small gain big" to finance them."

"Is there an investment institution investing in them?"

Zhang Yida is thinking quickly, these two companies are not mediocre, they have achieved good results in their previous lives, and have formed a parallel situation similar to the small yellow car and the small orange car in the United States.

“Yes, shortly after we got our Series A round, they announced that they had raised several million dollars.

It's just that the valuation and financing amount are dozens of times smaller than ours! "

"Howard, your mentality is not good, we can't underestimate any opponent."

Zhang Yida felt that Howard was a little swollen, so he decided to beat him.

"Boss, don't worry, I've been watching them all the time."

Howard heard the dissatisfaction in Zhang Yida's tone, and quickly explained: "Although we will enter the European market next, we will not relax in the US market.

The lobbying team is still expanding. Before the end of the year, we will try to let Green cover the top [-] cities in the United States. "

"I don't know if you know about my bike-sharing battle in China?"

Howard quickly replied: "I have learned that to quickly occupy the market with speed, and to form competition barriers with scale.

It is said that there are tens of millions of Huimin bicycles in China, accounting for 80% of the entire Chinese market for shared bicycles.

This is amazing, Boss, you achieved this achievement when the barriers to competition are so low.This can be selected into the business competition case of the top business school. "

Zhang Yida smiled, this flattering skill is not weak, if he can use this mind to work, he will not worry about the fierce competition that shared electric scooters will face soon.

"Well, I hope you can replicate the efficient launch speed of Huimin Bicycle in North America and Europe, quickly occupy the market, expand the scale and refinance."

Howard replied confidently: "Boss, please rest assured, I will do my best!"

……

After ten o'clock at night, a young man in an office building in the capital was smiling smirkingly at the computer screen, and he was wearing a badge with the DouTV music symbol Logo on his chest.

The colleague sitting next to him stretched his head over and asked, "Xiao Luo, what are you looking at? You are smiling so happily."

The colleague looked at the content on the screen and said directly, "Damn it, it's so explosive!"

A five or six-year-old girl is performing a cat-meowing movement in front of the camera, which is very cute.

"Let's meow together, meow meow together, act coquettishly in front of you, and meow meow meow..."

This is "Learning to Meow", which has just become popular on DouTV. Users can capture this section as background music when they are shooting on DouTV.

At the same time, Douvision has also released special effects of "cat ears". For example, in the video that Ronaldinho and his colleagues are watching now, the little girl has two special effects ears on her head.

What's so great about kids acting?
The two focus on the bathroom behind the little girl, where a naked young woman is taking a shower...

And the camera lens of the mobile phone held by the child happened to be facing the bathroom, and the bathroom door happened to be open.

This 15-second short video was shot and uploaded to DouTV.

The two watched the video several times before reluctantly crossing it out. The colleague suddenly asked Xiao Luo: "Xiao Luo, have you blocked this video?"

"Do you still need to teach me?" Xiao Luo held his head up, "The first time I discovered this video, it was blocked by the background, and the outside users have long been unable to see it.

After all, after looking at his body, I still have to take responsibility! "

A colleague gave Robbie a middle finger and said, "How many playbacks are there?"

"It was discovered early, only 216 times, and it did not spread in a large area."

Xiao Luo sighed, "This child is really ignorant, I don't know if her mother will beat her to death if she finds out."

"You can't blame the child! Who told her not to close the door when taking a bath?"

The colleague returned to his desk and replied while reviewing the backstage video.

"Did you find anything good again?" Seeing that Ronaldinho had made a "significant discovery", other colleagues also asked at their respective workstations.

"I found a woman who took a shower. She didn't close the door. My child took a picture and uploaded it."

"Awesome, I thought the one who ran wild last time was considered fierce? It seems that there is no fiercest, only fiercer!"

A colleague said that their content review team on TikTok works in two shifts just like workers on a factory assembly line.

The night shift is boring, and I found any "interesting" videos, and shared them with each other. It's a bit of fun!
"You said, this forest is so big, there are everyone among the 13 billion people?"

"That's for sure! If everyone obeys the rules, what do we need?"

"I heard that the technology department is developing AI monitoring. When the product comes out, we are afraid that we will lose our jobs?"

"Nonsense, now artificial intelligence can monitor text and titles, who knows what users post pictures and videos? Manual review is unavoidable."

"That's true! This job is so hard! You stay up late every day, and your salary doesn't go up!"

"Won't it be nice to watch movies for free? I still want a salary, so it's fine if you confiscate your seed fee."

"I can't go on like this anymore, I have to buy a bottle of Nutrition Express to replenish my body!"

"Ha ha!"

(End of this chapter)