Chapter 137 Shares and Options

The first task of the first general meeting was to determine the shareholding structure.

Some founders are greedy, they have to account for 95%, and the rest of you have 1%, which is very unfair, and some people are righteous and angry, and everyone shares it equally, which is not a good way.

Chen Bei sat down, feeling that the others might not know much about it, so he said, "Xiaoguang, can you give me a few minutes? ”

Wen Xiaoguang had already heard it on the road, and he could explain it, but I think Chen Bei was already familiar with these things, and it was easier to understand.

"Okay, you come on. ”

Chen Bei pushed his glasses, a little bookish and angry, the whole feeling of being a scum, this kind of temperament, he has always been in control.

He drew a circle, "The 4% that Mr. Wen said is not a direct share, but an option, which is not a share, but a right to purchase equity at a specific time and at a specific price." ”

"In a startup, almost everything that can go wrong will go wrong, and the biggest problem is the huge, noisy question between the founders - who works harder, to put it bluntly, fair!"

Bang!

He smacked the whiteboard hard!

Hearing him speak so professionally, Liu Yiqi felt a little affected by this environment, and this time was different from last time...... It's regular......

"Giving shares directly is a way to be vetoed by me, including my own, the company will be financed in the future, to attract more high-end talents, a certain amount of equity needs to be reserved, can not be given to a few of us people, if the company does not grow, this percentage is meaningless. ”

"My solution is this, with 20% of the shares as the option pool, we will sign a contract, not only verbal commitment, the contract will stipulate when and at what price to get the equity, generally speaking, the employee will get an option after working in the company for one year, and the 4% amount will be paid out in four years. ”

"The company will not trap you for four years, once a year, that is to say, after a year you can get 1% of the equity at a certain price, there are two main situations of exercise, first, normal execution, you are still willing to continue to stay in the company, then as long as a small part of the money, you can perform the contract, as long as you do not leave, the right will always be valid. ”

Although options for startups require employees to buy them with real money at a specific time, the price will generally be very low, and a few cents a share is common.

There are even some companies that are free to give.

So it's not actually a way to siphon money.

It's all about time.

This means that you must have worked for a certain number of years to enjoy this 'share price discount'. Therefore, it does not prevent employees from having a sense of belonging to 'I am part of the company', and non-insiders do not have this kind of good thing for him.

"In the second case of exercising the option, if someone wants to leave the company after reaching a certain number of years, then the contract will stipulate that the company has the right to repurchase this part of the option at the agreed price, which is called Call Right. ”

Chen Bei wrote down these two words on the whiteboard.

On the one hand, options motivate employees when the company cannot pay high salaries, and on the other hand, they also protect the company's precious equity from being left behind.

Follow the company and work together, it's easy to say anything.

If you want to leave halfway and you want to pay the released options three months after you leave the company, the employee will also need to bear the taxes.

Anyway, it's about finding ways to increase your onboarding costs.

"The reasons for resignation are different, I won't go into detail here, and I will formulate different Call Right terms for different reasons for resignation, and the repurchase price will be very fair. ”

Wen Xiaoguang crossed Erlang's legs and did not speak.

This way is different from the kind of warmth and vein he had with Liu Yiqi for the first time, this is the turtle's butt - regulation (turtle) and determination (belly).

This is what you need to do without any personal feelings.

Wen Xiaoxiao will only be mischievous with her brother once when she is 'warm and affectionate', and she can understand this situation.

No one speaks yet.

She spoke first, "I'm going to charge it in the next period, and if it's fair, you can leave me out first." ”

Wen Xiaoguang didn't speak.

He can't take sides.

Chen Bei said for him, "Everyone's date is subject to the actual situation, the three of us start today, the contract will be written today, and one year later, you can fulfill the contract and get equity, Xiaoxiao When you can devote yourself to employment, then your 'first year' will start from that day, if you come, the option pool is also open to you, if you don't come,"

He spread his hands, and his words were clear and clear.

"Yes, I think that's good. ”

Wen Xiaoguang asked the others, "Do you have any other opinions?"

Wang Haoyang and Liu Yiqi both agreed.

"Liu Yiqi, you understand, and then nod again. ”

Liu Yiqi's head 'bang' appeared with a large 'well' character, "I can understand Chinese!

Chen Bei smiled, "OK, then it's decided: the option pool is nominally held by Xiaoguang for the time being, and if you want to redeem it when the time comes, there is a contract, and if you want to leave, the company will buy back, and at the same time, it will also reserve equity for future talents, everything is subject to the healthy development of the company, so that even if you quarrel one day in the future, it will be useless." ”

After all, he has more experience than Wen Xiaoguang, and there are too many quarrels between the founders to the point that their faces are red and their necks are thick, and it should be said that there are few that do not quarrel.

"Xiaoguang, it's time for you to assign a task. ”

At present, the main task is one, to build a website.

There is also a secondary task, recruitment, which requires copywriters and people who understand advertising, and also one or two technicians who help them build websites.

"There are several startups in the startup center that build websites for people, and if we want to hurry, we can outsource some of the work to them, and the price will not be very high. ”

This is Wang Haoyang's suggestion.

Wen Xiaoguang felt reliable, "I'll find them tomorrow, and we must launch the website within two months." ”

Chen Bei took the initiative to ask, "I'll talk to them." ”

"Yiqi, post the recruitment information, and the interview place is placed here. ”

Liu Yiqi nodded, "I remember that June is the time when many college students are looking for internships, should we ......?"

"It depends, if it's good, it's fine. ”

......

There was nothing to celebrate this night, because there were many thieves at the beginning.

I thought it was nothing, but because of Chen Bei, his head was full of the problems that startups would encounter at the beginning, and while popularizing science, he discussed solutions, and before he knew it, it was almost nine o'clock in the evening.

Liu Yiqi lives far away, she can only sleep in the hotel for one night, and then talk about renting a house again tomorrow.

At night, Zhonghai is brightly lit, the traffic on the street is rolling, and the smell of red dust is blowing in the face.

Chen Bei stopped a taxi at the intersection and went to the airport, Chu Qiuchen came to Zhonghai, he had to pick it up.

When Wen Xiaoguang passed by the gate of Zhonghai Normal University, he felt that he should go in and have a look......