What’s Wrong With Me Being a Rich Man?

Chapter 230 Adjustment

From February 20th to the seventh ending in the first week of March, it was also half a month after the end of the Spring Festival legal holiday, and WeChat companies changed rapidly.

Whether it was Ge Zhijie or Tan Ruize, they were surprised by Yu Xing's efficiency in his work after establishing his technical direction, and therefore he was dedicated to developing the software first, wanting to see what he could do.

Even if they are technicians, they can easily see the harsh environment of potential competition.

On March 8, Yu Xing held a plenary meeting at the WeChat company on the fourth floor after considering the most likely common sense.

Before on the fifth floor, there were only more than 20 people in WeChat, but now there are already 78 people. Yu Xing was a little familiar with him, but this time he felt that he couldn't tell who was who, but this did not prevent him from coming. Explain the subversive significance of the mobile era.

This explanation was derived from the speech at the Lin'an Conference in December last year, but it only increased the rapid development of smartphones.

iOS is amazing, Android is full of vitality, and Symbian still has the allowance. The mobile phones of major manufacturers have changed from simple functions to system, hardware, and application resources, which brings smartphone shipments. The volume is rising rapidly.

According to the current market conditions, some consulting companies estimate that domestic smartphones will grow at least 35 million in 2010, and will further lower the product prices and form a virtuous cycle.

In this estimate, Android phones are expected to be upgraded to 6 million units throughout the year.

Yu Xing emphasized the shipment volume of smartphones. One of the main reasons is that it will use the new way of using built-in software. However, while he was talking and observing, he soon noticed what the employees of WeChat company said to him. Not very interested in these.

So, the speech quickly turned to the focus.

"I have had a careful discussion with the shareholders. I will sign a contract for company options in the next week. The company will take out 5% of its shares and distribute them according to our estimated employee size this year."

"When you come here, you will naturally know the investment of Baixiaosheng Company, but some people may not know that we have completed the angel round of financing from Kestrel Capital. The company's overall valuation as of today is US$10 million."

"In addition to Kestrel Capital, Tan Ruize also received Liu Jiankai, vice president of Today Capital with me two days ago. He is my old friend and has been strongly supporting Bai Xiaosheng's development."

"Not only today's capital is concerned about the departure of our company. In fact, just before the establishment of WeChat, I had extensive communication with Today's Capital, IDG, and Qiming Venture Capital. The ultimate value of these 5% equity is all It depends on the efforts of everyone here."

"I can only say that I think we have a great opportunity under the disruptive development of the mobile Internet!"

This 5% of the equity comes from Yu Xing's holdings. According to a valuation of US$10 million, it is currently worth 3.4 million Huaxia coins. If it is divided equally into the expected employees this year, each person will be about 20,000, which is equivalent to a good deal. year-end bonus.

But the role of options is that they are very imaginative.

Kestrel Capital is not very famous, and its investment will not be mentioned for the time being. Today's capital is different. In particular, everyone can see Liu Jiankai's visit to the company, and what he can see is the chat and laughter of Mr. Yu and him.

As for the IDG and Qiming Venture Capital mentioned later, this adds to the beauty of the big cake.

Yu Xing's "very chance" received warm applause. Whether it works or not, the BOSS himself is more confident than not.

Deputy Technical Director Tan Ruize is more concerned about the company's development than Director Ge Zhijie, and he has to send it to the boss in just a few steps.

He also took the opportunity to determine the financing matter: "Mr. Yu, Mr. Yu, does capital really have the hope of investing in us this year?"

"Today's capital, I'm not sure. He came that day, and you know his attitude." Yu Xing communicated with executives, one of the technical leaders in private, and spoke publicly, "with extensive experience with the three major institutions." The exchanges are indeed extensive, but there is no consensus on investment.

The expression on Tan Ruize's face froze.

Yu Xing patted the deputy director on the shoulder and gave good news again: "But don't worry, Kestrel will definitely invest. Even if no other company pays for it, it has reserved $5 million for our Series A financing. funds."

Tan Ruize was excited and couldn't help but wonder, "Really?"

This is too certain. After all, the company has been established for less than a month. How can Hede let a venture capital bet like this?

Yu Xing nodded and said, "It's true, so don't worry, and this 5% option will also increase as appropriate this year."

Tan Ruize was quite happy and diligently helped the boss press the elevator.

He silently settled the score in the corridor. If only the Kestrels' $5 million came in in the A round, assuming it accounts for 20%, the company's valuation could also be increased to $25 million, and the original 5% option value could be from $500,000. The dollar rose to $1 million.

Needless to say, Mr. Yu mentioned that the option share is expected to increase.

Although options that cannot be cashed out are waste paper, but...

Tan Ruize thought about it. If the company could achieve results, even if it could not compete with the penguins, it would be good to be able to sell them to the penguins in the end, and it might not be waste paper.

After thinking about this, he turned to the situation and questioned the existence of Hongfang Capital.

Then, within two days, after Tan Ruize inquired intentionally or unintentionally, he realized that the boss of Kestrel Capital and Yu Xing were in a romantic relationship, and even his car was given by the woman.

Well... Why did Mr. Yu's image suddenly blur? ?

However, Tan Ruize was inexplicably relieved.

In the second week of March, Yu Xing was full of attention to the development of WeChat and tried every means to use the only resources to try to solve the problem. This made him go wrong with Bai Xiaosheng's work.

At the regular recruitment business meeting on Wednesday, Yu Xing suddenly let out his head and talked about the wrong direction when it was his turn to speak.

"WeChat has great potential, and I am very confident about it, but there is still a clear plan for this year's R&D expectations."

Yu Xing said this and suddenly realized that he was not sitting in the conference room on the 4th floor, but Bai Xiaosheng on the 6th floor.

He looked at the surprised eyes of his colleagues and tried to say without changing his face: "This plan must be implemented on the basis of domestic mobile development. This is an understanding I mentioned at a meeting downstairs yesterday. I think It's okay to put it on our Baixiaosheng."

"Bai Xiaosheng must actively embrace the development of mobile and be the first to complete the development of running and turning around before Zhilian, Talent and Qiancheng."

"I think after we complete the development of second- and third-tier cities this year, we will be able to attack the markets of first-tier cities with a mobile focus next year."

“I hope everyone can value the disruption of mobile and the great opportunities it can bring.”

Liu Hao, the vice president of the recruitment business, said happily: "Yes, Mr. Yu's words are thought-provoking. It's shameful to say that I saw what Mr. Yu said about the mobile development that he said during a meeting at Alibaba last week. That's what he said. It's so good. After the Chinese New Year, I will observe the passengers' movements on the subway and buses."

"It's very amazing, and almost everyone is using their phones."

"This thing is much more convenient than a laptop. It can definitely bring this one that is far better than a PC... this one..." Liu Hao couldn't find a particularly suitable description for a while.

Yu Xing added: "Permeability."

Liu Hao nodded immediately: "Yes, yes, penetration rate, this is real penetration, not fake penetration. You can tell when you are fine. We are now sinking in second- and third-tier cities, which is also a kind of penetration. Well, according to Mr. Yu, this penetration in the new era is a new opportunity for us to recruit this mature market to change the pattern!”

The backbone of the recruitment business in the conference room was stunned.

Everyone knows that the company has done a new incubation project, and Mr. Yu attaches great importance to it, showing attention beyond the "price comparison network" and evaluation business. It is said that he has also received a lot of money independently from outside, so when I heard it just now I just think he was distracted.

However, now seeing Mr. Yu and Mr. Liu sing together, they are quite inspiring inside and out, so I reflect on the speculation at the beginning...

The meeting ended successfully.

Liu Hao finally left the conference room and couldn't help chatting with President Yu for a few words, and said tactfully: "Mr. Yu, our business this year is also very critical. The company's mid-year financing should be fast."

"Yes, yes, we should talk about the C round in May. There will be no problem. Mr. Liu will have to suffer more from recruitment." Yu Xing reflected on himself, "I have been working hard to promote new projects recently. To hatch, you still have to find someone to share the pressure there.”

Liu Hao was about to leave, but when he heard the boss's unintentional words, he suddenly thought and said with a smile: "However, I roughly understand the things we have newly hatched. Although I don't understand them very well, I feel that they have potential. If it can be done, it might be better than Bai Xiaosheng."

No mistakes, one song, one content, one in 6, one book, one bar, one reading!

"If you really lack people, Lei Weiming is actually good. He has been training in the sales position for a long time. He also mentioned the management position when he was at Zhilian before, and he is a good player in all aspects."

Yu Xing thought for a moment and said with a smile: "Lei Weiming is your general, would you please let him go?"

"It's all exercise, so what President Yu pays attention to is definitely not bad." Liu Hao said seriously, "I definitely can't bear to leave him, but this is a project that we incubate internally depends on his own wishes."

Yu Xing nodded slightly: "Let's look back and see the situation."

The situation is...

The old boss, who had to leave no matter how he looked, didn't leave, and he had always been a little subtle and embarrassed recently.

What's more, there is another Zhong Zhiling who has the support of Liu Hao and Yu Xing, and has a deeper qualification in Bai Xiaosheng.

Lei Weiming was Bai Xiaosheng who came first before Liu Hao, and he was also his old boss who returned to the capital to lobby. Logically speaking, the two sides should cooperate in close relationships, but now they get along with each other with a little strangeness.

"Can there be such a gap between the two of them?" Yu Xing found Zhong Zhiling and was surprised.

"It's not a question of estrangement. It's not that far. It's just... After the second trial came out, President Liu completely confirmed to stay in office. President Lei is indeed a subordinate of President Liu, but he himself has a team, and now it's not the time to join the Zhilian." Zhong Zhiling Try to describe the situation clearly, "Everyone still wants to do the recruitment business. This can only be said that the workplace relationship is not so perfect."

Yu Xing nodded, drank tea, and considered the situation.

WeChat companies do not just need to do development, but after the software comes out, a series of work will be needed. If you can use the company's skilled hands, you will definitely be more at ease.

He thought so and asked, "Zhiling, do you want to go to the fourth floor?"

Zhong Zhiling was still considering the changes that Lei Weiming might leave. He suddenly heard this problem and stayed for two seconds and hesitated: "Is it better for my recruitment business now? This will also make it easier for Mr. Liu to have a little bit of it. Check and balance. ”

Liu Hao had made plans to leave before, so he said everything and asked Yu Xing to mix sand into the recruitment team. Zhong Zhiling had such a check and balance role, but now... he still continued to mix, but his goal was changed. He himself.

Yu Xing knew, Zhong Zhiling knew, and Liu Hao knew.

This is a job that is very honest anyway.

"That's the reason." Yu Xing pondered, "WeChat company...it does have potential. Let's come out of school together, and of course I would like to see you have a better chance."

This better chance means that it might become a pedal.

Upon hearing this, Zhong Zhiling smiled and said, "How can it be better? No matter what, it is incubated by his own company. Besides, I have invested money through Sister Ying."

"Okay, you should pay more attention to the recruitment market." Yu Xing didn't say much after hearing this. Yes, jumping to a big factory may not necessarily be able to follow him.

He planned to take the time to talk to Lei Weiming again to see his own wishes.

Although the development of WeChat has just begun, this can be regarded as the establishment of personnel in advance for its subsequent market operations.

Bai Xiaosheng currently needs to determine the C round of financing, and WeChat is a little confused.

Within two days, Li Shanyou, CEO of Ku6.com, who had previously talked to Yu Xing, posted a handwritten letter to Bai Xiaosheng for resigning - Goodbye in Jianghu, Ku6 is better.

Cool6.com is the first video sharing website in China and the first private video website to obtain a radio and television license. Li Shanyou was previously the senior vice president of Sohu.com, and his earlier resumes such as Motorola and Alcoa Group were also very good. Eye.

His sudden resignation caught the crowd off guard.

However, this way of publicly resigning news in Bai Xiaosheng is still a bit new.

Unfortunately, this freshness did not have a particularly good effect as he wished.

Just a week later, Ku6.com, which changed its CEO, was suddenly exposed for "violent dismissal". Many laid off employees were dissatisfied with the company's dismissal decision and compensation plan, and had physical conflicts with the personnel department.

At the same time, two senior executives publicly announced that they would not accept the board's abolition decision and were unwilling to lay off most of the employees in the team. They were immediately announced to be dismissed by the board of directors.

Ideals are beautiful, reality is cruel. The CEO's handwritten farewell did not usher in the beauty, but instead put the company in a mess.

Someone asked Yu Xing, who was also eating melons on the forum, and wanted to know what the most root cause of this matter was.

Yu Xing gave his own guess: "It probably is nothing. Although Mr. Li is the CEO after he was listed, he is a CEO, a senior working person, and he has different ideas from the board of directors. He may even have to fight for personnel rights, so he will leave. chant."

(End of this chapter)