Huayu: You were supposed to be a top star, but you've become capital?

Chapter 88 My team members are graduates of Tilanqiao University.

Mao Wenchao and Qu Fang exchanged a glance, then Mao Wenchao spoke: "We've discussed it, and we plan to dilute the Series B funding by about 18%. ZhenFund and GSR Ventures will each take a share, GGV will definitely take the lion's share, and the rest—"

He looked at Lin Shen: "Let's see if you can eat it."

How much does GGV get?

"They want 8% to 10%," Qu Fang said. "We're still negotiating."

Lin Shen nodded, understanding the situation.

Of the total 18% allocation, GGV takes 8%-10%, ZhenFund and GSR Ventures each take 1%-2%, and the remainder...

"I'll take 4%," Lin Shen said.

Mao Wenchao was stunned for a moment: "4%? That's—"

He quickly did some mental calculations, then clicked his tongue and said, "Mr. Lin, you're going to bleed a lot of money."

Lin Shen laughed: "What, are you afraid I can't afford it?"

Qu Fang chimed in from the side, "It's not that I'm worried you can't come up with the money, it's that I'm worried you won't be able to sleep after you get it. Based on the Series B valuation, 4% is almost ten million US dollars."

Lin Shen waved his hand: "You don't need to worry about the money. Let's do the math. I currently have 7.5%, plus this 4%, that's a total of 11.5%. Add to that the stock options we signed earlier, and after exercising them, it will reach around 14%."

He looked at the two men: "14% isn't much, but when it comes to the board meeting, GGV always has to listen to my opinion."

"When the time comes, with the two of you and me together, they'll have to think twice before trying to force their way in."

Mao Wenchao nodded after listening.

Qu Fang nodded in agreement.

"Okay, Mr. Lin is very straightforward." Mao Wenchao smiled. "Then let's negotiate along this line. We'll stick to 10% for GGV, and leave the rest to you."

Lin Shen nodded: "Okay."

But he didn't move, and continued to watch the two of them.

Mao Wenchao felt a little uneasy under his gaze: "What's wrong? Is there something else?"

Lin Shen smiled and said, "There's something I need to make clear beforehand."

"you say."

"After the Series B funding, I will officially join the board of directors," Lin Shen said, emphasizing each word. "Furthermore, after the Series B funding, I am willing to sign an agreement with you."

"What agreement?"

"Agreement on concerted action," Lin Shen said. "No matter how many people attend the board of directors in the future, no matter what the outside capital wants to do, as long as it involves the company's direction, core business, and key personnel, my voting rights will always follow yours."

Mao Wenchao was stunned, and Qu Fang was obviously stunned as well.

Then Mao Wenchao spoke, his voice a little dry: "President Lin, are you serious about what you're saying?"

Lin Shen looked at him and smiled: "I'm sitting right here, and the money's ready. What's the point of lying?"

Mao Wenchao and Qu Fang exchanged a glance, both seeing the shock in each other's eyes.

It's extremely rare in the VC world for an investor to sign a concerted action agreement and hand over voting rights to the founder.

Especially a major shareholder who took 14%.

Mao Wenchao suddenly laughed, a somewhat helpless laugh: "President Lin, are you here to offer us some comfort?"

Qu Fang chuckled from the side, "What do you mean by 'sending warmth'? President Lin is sending a talisman."

Lin Shen waved his hand: "Don't flatter me. I just think that for Xiaohongshu to succeed, it's up to the two of you to decide. Capital can help, but it can't be in charge."

He looked at the two of them and casually said, "I'm not good at much else, but I'm good at judging people. You two are the ones doing the work, and I'm just an actor. Put in the money, and the rest is yours."

Mao Wenchao was silent for a few seconds, then leaned back and let out a long breath.

"Mr. Lin, with those words from you, we can finally sleep soundly these days."

Qu Fang nodded beside him, his eyes a little red, but he didn't say anything.

The atmosphere relaxed.

Lin Shen picked up his teacup and took a sip, then, as if remembering something, put the teacup down: "Oh, right, there are two more small things."

Both of them were looking at him at the same time.

"First, I want to take the Chief Content Officer position."

Mao Wenchao was stunned for a moment.

Lin Shen looked at him: "It's not that I want to sit here, it's that I don't think this position needs to be set up separately. As for the content, it should be handled directly by the two of you, or by the community leader."

Adding another layer of management means adding another layer of waste. Xiaohongshu's current size doesn't require such a complex architecture.

Mao Wenchao thought for a moment and nodded: "That makes sense."

"Secondly, the finance team. I'll arrange for someone to come in," Lin Shen said casually. "To standardize things and pave the way for the future."

Qu Fang's eyebrows twitched; she was clearly very concerned about this matter.

"President Lin," Qu Fang asked tentatively, "are the people on your side reliable? Our current finance staff have been with us since the beginning; we know the business well and the people. If we bring in someone else who isn't familiar with the business, it will only cause trouble."

Lin Shen looked at her but didn't answer immediately.

Qu Fang added, "It's not that I don't trust you, it's just that finances are extremely important."

Lin Shen smiled after hearing this.

He put down his teacup, leaned back, and couldn't help but feel a little smug: "Mr. Qu, do you know what kind of background my Shenzhen Capital's finance team has?"

Qu Fang raised an eyebrow.

Lin Shen said slowly, "I started preparing for this from the moment the company was founded. Not only did we find some of the best law firms in the country, but we also have a top-notch finance team."

He paused, then his smile deepened: "Some of them have even studied at Tilanqiao."

Qu Fang was taken aback.

Then she quickly realized what was happening.

Tilanqiao.

Who in Shanghai doesn't know what Tilanqiao is?

That wasn't an ordinary prison; Qu Fang couldn't help but burst out laughing.

"Mr. Lin, are you serious?"

Lin Shen shrugged: "Really, they're all legitimate certified public accountants, they've all worked at big firms, their experience is unparalleled."

Mao Wenchao laughed and slapped his thigh, saying, "President Lin, I trust your team."

After Qu Fang finished laughing, his expression completely relaxed.

"Alright, alright, with you saying that, I have no objections to the finance department. Those who come from Tilanqiao are definitely better than our current ones."

Lin Shen picked up his teacup, took a sip, and said, "Then it's settled."

Mao Wenchao picked up his teacup and raised it towards Lin Shen: "Mr. Lin, thank you. Let's go through this Series B funding together."

Qu Fang also raised his glass.

Lin Shen picked up his teacup and clinked it with the two of them.

The teacup made a crisp sound.

We chatted for a while longer about the details and timeline of the Series B funding round, and then we finished our tea.

Lin Shen put down his teacup, took out two documents from his bag, and handed them over.

"Mr. Mao, Mr. Qu, there's one more thing I'd like to trouble you two with."

Qu Fang picked up the file bag, opened it, and took out the documents inside.

The first one had a name printed on it: Kenny Wong.

Below are a few pictures of a girl with pouting lips and big eyes—Molly.

Here's a brief introduction: A Hong Kong designer who created the Mo1ly series in 2006 and has collaborated with several international brands.

The second one was in the name of Kasing Lung.

The accompanying illustration is of an elf with pointed ears and sharp teeth. The description reads: "An illustrator from Hong Kong, residing in the Netherlands, specializing in blending Norse mythology with Eastern aesthetics."

Qu Fang looked up at Lin Shen: "President Lin, what's wrong with you—"