Salted Fish’s Self-help Strategy

Chapter 136: Fair set of cows

   Xue Ming was greatly moved, because Li Zhaokai never even mentioned such a thing, and always "look forward to your job after the holiday", so.

   "Then if you dare to recruit me, you can really dare to enter. You are not afraid that I will take your salary for a few days and say goodbye to you after the festival? If I scorn you for the money according to the labor law, I have to send it."

   "It's okay, I can lose 10,000 to 20,000 yuan, you such a big cow doesn't care about reputation, what am I afraid of? Let's talk about salary and terms."

   "Salary? Pengfei is willing to give me 95K a month, 13 salary a year, and another bonus."

   "What about options?"

   Xue Ming scratched his head. The option issue was very embarrassing, because Li Zhaokai’s current financing situation is very embarrassing, and options are no longer dared to be issued. Various terms that are unfavorable to Li Zhaokai may be activated at any time.

"Then let me talk about my conditions. As a self-media company, the company has an angel round of 10 million. The current round A valuation given by Daxia Fund is 50 million, but I did not agree. If I agree, I can always Rong. However, I am more ambitious and the company is in a good situation. As you watched the video, I do think that our A round valuation should be at the billion-level. I am serious."

   Xue Ming had to laugh politely but awkwardly.

But Chu Yuanxi didn’t feel embarrassed. He first briefly explained the development strategy of the self-media company, including the gameplay and expectations of "Troubled Times". After Xue Ming understood it, he said: "The financing terms I can accept in the future are basically The above is like this: a round of financing has multiple incentive conditions for gambling."

   Xue Ming laughed at himself: "I also have some common sense about financing. After all, I also have the possibility of starting a business."

   This means that Chu Yuanxi doesn't need to explain and try, but Chu Yuanxi still has to explain, because the terms that Chu Yuanxi envisioned will not appear under normal circumstances.

"Assuming that the company’s Series A valuation is 1 billion, investors invest 200 million in cash, with a par value of one yuan per share, and a total of 1.2 billion shares after financing. Then the average annual profit for the next three years will reach 400 million, 600 million, 800 million. , The company’s equity automatically expands to 2.1 billion, 3 billion, and 3.9 billion. The expanded shares are used to motivate the company’s shareholders before the A round of financing, which is called original equity/options. In other words, when the bet is completed, investors will automatically Dilute. Of course, we can’t bet against each other. We also need to lose an investor’s equity and options.

   This clause is difficult for ordinary investors to sign, because it greatly squeezes investors' profitability. But Chu Yuanxi was confident to sign it.

   "I... fuck! Wait a minute." Xue Ming had to take out his calculator and press it again. He really hadn't seen this way.

"I'll talk about the specific amount when the time comes. I just compiled the number casually, but the logic is this logic. The maximum option I can promise you is: the original option worth 5 million yuan, regardless of the time when the original equity option What is the total valuation. In other words, if the valuation and financing are completed according to my assumptions, and the incentive conditions are also completed, the future will expand to about 30 million."

   Xue Ming nodded solemnly, he understood it, it seemed very fair and reasonable, and he might even make a profit. Because what Chu Yuanxi said was not a percentage, but a direct amount.

   Simply put, the future valuation is floating, but the part given to Xue Ming is fixed. If Chu Yuanxi eventually broke through and failed to make a billion-level valuation, assuming that the A round of valuation and financing was completed with only 50 million, the 50 million li would also have to give Xue Ming an original option of 5 million. If the total amount reserved for employee options is not so much, Chu Yuanxi has to pay for Xue Ming out of his own pocket, and Xue Ming has guaranteed income from drought and flood.

   This gambling is very big, and it also shows Chu Yuanxi's incomparable confidence. At this point, Xue Ming finally understands that Chu Yuanxi's one billion valuation plan is really not a joke! This made him feel confused.

"So in the end, I will give you two options. The first is the same salary conditions as Pengfei, and then an option is given as a bonus, which is about 5 million after financing, not the original option, and will not expand in the A round. . Or 50k a month, 14 salary, and 5 million original options. By the way, there are dividend bonuses for game projects. Of course, you know that no matter how you choose, options are incentive conditions. How many years of service to others , For you, not only do you have to have a tenure, but also the completion of your tasks."

   "Can this task be specifically quantified?"

   "This is the artificial intelligence task system, nothing else."

   "That means that once I complete this AI, I can lie on the book of credit and wait for options? You are unreasonable!" Xue Ming's doubts are even greater.

"Why is it unreasonable? You play the game but don't you play? In the game, do you want to reward the player after completing the task? However, it does not mean that there is only one task in a game, and the game is over after the reward. You are willing to lie down, but Our company will continue to launch a large number of new tasks. You can get more option rewards after you accept new tasks..."

   Xue Ming slapped his head~www.wuxiaspot.com~ It's done! Just this! "It's not that Chu Yuanxi's conditions are so good. For his level of technical personnel in the age of artificial intelligence is in full swing, he is very clear in his heart that even if Pengfei Technology fired his 95k monthly salary, he did not produce it. Any fluctuations.

   Relatively speaking, even if Chu Yuanxi’s option incentives reach the best state, the upper limit is expected to be less than 20 million, and the base is only 5 million, which is not the most attractive of all the conditions he faces.

   Don’t look at the counting unit, which is millions and tens of millions. This is an entrepreneurial option. It is worthwhile only if it is successful. If it is not successful, it is worthless. Even if it is successful, it will take several years to get it. Therefore, for technical bulls, attractive salary and bonuses must be given without a large amount of options, otherwise it is not attractive at all.

   However, Chu Yuanxi made him feel fair from beginning to end, and this sense of fairness was something he hadn't seen for a long time. Xue Ming didn't want the boss to be a slave to his servant, so he wouldn't suffocate his fart. What he wants is this kind of fair environment, allowing a technician to give full play to his talents, and then get the share he should get, no more, no less.

   Chu Yuanxi got up, stretched out his right hand, eyes full of joy. He had a feeling of being hit by luck. Li Zhaokai was really amazing. He could find a calf like Xue Ming in one night. I really don't know how to find it.

You must know that the circle of technical cattle is very difficult to enter. For small companies, it is usually impossible to worship the temple with a pig's head. The academic cattle who are interested in entering the industry are monopolized by big capital. The company doesn't even think about it. Only the Mavericks can occasionally become a slippery fish.

   So this kind of opportunity is a must. Xue Ming's contacts alone are very valuable and can be used to trap other big and small cattle.

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