Reborn Entrepreneurial Giant.

Chapter 50 Equity Distribution

Under Shen Nanpeng's explanation, Xiong Ge quickly accepted the positioning of fashion e-commerce. The company name or brand became Jumei Youpin. Forget it, between Youpin and Youpin, Youpin is better, it is image and intuitive. .

In this way, after the website is established, their workload will be reduced by more than half. Only self-operated categories need OEM production, and other products only need to be carefully selected.

Xiong Ge also told the result of his contact with Zhou Shaoning this time. He insisted on wanting more equity, but for Qu Li, this meant a transfer of voice, and he obviously would not agree.

"Forget it, we will cooperate again next time when we have the opportunity." Qu Li has never been sloppy in doing things, and Zhou Shaoning, who switched to management, has no irreplaceable attributes.

"This opportunity is good. It would be a pity to miss him." Xiong Ge regretted

"Except for the founder, no one is irreplaceable!" Qu Li emphasized again

"Haha, of course..."

Qu Li is becoming more and more tough, but this is not a bad thing for investors like them. Entrepreneurs have different personalities, and founders who have no independent opinions are really disgusting.

Since he decided to be a fashion e-commerce company, it would be easier to name the company. Let’s call it Jumei Youpin. This name sounds more pleasant to Qu Li, but the name Vipshop does not fit his positioning.

Lin Bing didn't come. The two venture capital firms didn't know where they found a great guy named Zhang Wensong, who was said to be the initiator of the Linux virtual server LVS project. He didn't know exactly how great he was. He later became the CTO of Alibaba Cloud, and then went to Didi beat people.

"He was attracted by you. You originally proposed three plans to defeat the Winter Alliance. No one cared about it at first. Later, some people discussed it in the circle. Although there were still many voices of opposition, the same people supported it. a lot of."

"Really?" Qu Li was a little unconfident. It wasn't that there was something wrong with his plan, but he suspected that someone really knew the hero and wanted to join Qu Li's team because of this?

Soon he no longer doubted it. On October 10, Google announced that it would acquire YouTube for US$9 billion. This had nothing to do with him, but Larry Page told what happened in an interview. He heard about it from a friend. Someone posted a video on YouTube called: Three Ways to Defeat the Winter Alliance.

"I was shocked after reading it. This person's idea is so genius, especially after I heard that he didn't finish high school..."

Qu Li's video has been widely circulated in Silicon Valley, and a listed company called Salesforce is vigorously promoting his video because this company provides customer service relationship management services, which allows you to purchase on demand without using software and going online. SaaS services.

It can be said that Qu Li did not go to the United States, but he is already well-known in the United States. He has been in China, and of course he has no feeling. But which domestic programmer is not on the Internet, otherwise how can he learn the latest IT knowledge?

Larry Page's praise of Qu Li gained him a lot of favor in China. Is this a disguised form of "export to domestic sales"?

"I appreciate your view, especially that open source operating systems and open source architecture chips are the way out for the country. It's a pity that no one is doing this."

"Isn't there a Qilin?"

"Ha ha!"

Galaxy Qilin is an open source operating system jointly developed by the University of Science and Technology of China, ChinaSoft, Lianxiang Company, Lanchao Group and National Star Company.But this year Yinhe Qilin did a very shameless thing. Although he obviously learned the open source FreeBSD, he insisted on saying that he had independent intellectual property rights. Later, maybe because of losing face, he gave up the BSD kernel and switched to Linux.

"The number of domestic programmers is too small. If there are ten times more programmers, there will be five times more geniuses than now. By then, developing an open source operating system will not be the same as playing games." Qu Li was not discouraged.

"I know there are few talents now, but I just don't want to be laughed at by others." Zhang Wensong

"Then work harder and cultivate some talents worth cultivating." Qu Li then talked about his needs, and Zhang Wensong quickly began to design the structure according to his needs.

Qu Li didn't know how to judge whether Zhang Wensong was a talent, so he could only ask Lin Bing for advice. The result was of course good, so Qu Li handed over the construction of the Jumei Youpin website to Zhang Wensong and continued to communicate with Shen Nanpeng about equity issues.

I won’t go into detail on how to set up an offshore company structure. It’s not important anyway. The initial total share capital of Wanhei Hei was set at 1 million shares, at US$0.35 per share, with a valuation of 3500 million.Issued an additional 1875 million shares to Sequoia Capital, totaling US$656 million; issued an additional 625 million shares to IDG, totaling US$219 million.

From now on, the equity incentive plans for senior executives such as Lin Bing and Tan Lijun will be shared among everyone and cannot be borne by Qu Li alone.Lin Bing can be allocated 500 million shares, or pay $150 million to buy 1000 million shares.The shares were jointly sold to Lin Bing by Qu Li and VC in proportion, that is, Qu Li and Chen Danlin sold 800 million shares, and the two VCs sold 200 million shares.

Of course, this is subject to sales restrictions. You can't give so many shares to Jumei for just one day. Even if Qu Li is so stupid, venture capital will not be so stupid.After the additional issuance is completed, the total share capital will become 1.25 million shares, with a valuation of US$4375 million.

But with the venture capital joining, it is not his turn to do evil things. Any inconvenience or opportunity to take the blame is the responsibility of the venture capital.For example, his previous agreement with Tan Lijun was replaced, and Qu Li gave him 20 shares, worth about 55 soft sister coins. The subsequent equity incentives were divided according to the company's position and contribution.

In addition to shares, there are also changes in the salary system. High wages harm the interests of the company, and high equity harms the interests of shareholders. Therefore, executives in key departments have high equity, and middle and lower levels have high salaries.

In fact, the whole process did not change much for Wan Hei Hei (later renamed Jumei). It was still the same business process as before. After all, Qu Li had some experience and common sense, so no changes were needed for the time being.What has really changed is the information department, which is in the process of being formed.

"Win in Zhongguo" was considered abandoned by him because he secured investment and made some explanations on the show, but did not announce the details because he had to coordinate with the launch of the website for publicity, which would be a reasonable use of resources.

Qu Li does "live broadcasts" on his blog from time to time, talking about some financing progress, which is actually nonsense, but it is interesting for everyone to see it as a story.The real story was finally completed, and the manuscript was sent to Lu Jinbo, which was an explanation of his creative career.

"Don't you still have an idea for "Shoplifters"? Keep writing. Your later writing style should be enough to support you in writing some more serious novels." Lu Jinbo advised Qu Li not to give up, otherwise he would read Chinese language and literature. .

Of course, Qu Li wanted to get his undergraduate diploma as soon as possible, so he chose a relatively simple major. He had a good memory and just memorized it. Unexpectedly, there were some differences from what he imagined. In addition, his career development was unexpected, which delayed his time. .

"Your writing is not outstanding, but your storyline is fascinating. Believe me, "Shoplifters" will bring your reputation to a higher level than the current commercial writers who only write youth literature."

"Han Han is not instigated by you, right? Whatever they say is none of my business." Qu Li was very detached. It was not 100 years ago. Pure literati no longer had much status in this era. Today's scholars are not Confucianism has become financial economics and technology.

"How is it possible? Am I that kind of person?" Lu Jinbo quickly denied it. He did not plan the dispute between Han and Bai.

The war between Korea and White that lasted for several months has come to an end. It is a game with no winner.