Chapter 405: Facebook Stripping

There is no urgency to help Facebook find a CEO, and this is also something that cannot be rushed, because top talents are inherently scarce, suitable for Facebook, and it is even more difficult to find people who are willing to work here in a short period of time.

Yu Wenfei's top priority is to sort out the equity relationship of Star Technology Company and establish Facebook Company.

When Star Technology was established, Yu Wenfei personally invested 500 million, so this company, including Facebook, belongs to his sole proprietorship and has no second shareholder.

But Internet companies obviously cannot always have only one shareholder.

Not to mention that venture capital will be attracted to financing in the future, that is, the company's key employees will have to share some equity.

So separate Facebook and Star Technology as soon as possible.

Yuwenfei's plan is that Star Technology exists as a parent company, and now it is 100% controlling Facebook.

The shares of Star Technology, he will not easily distribute them to others, nor will he allow the wind to invest in the market, and in the future, Star Technology will exist as a holding company, and it will control many branches below.

On Facebook, the equity will be slowly diluted.

After the CEO is in place, an equity incentive plan will be signed, and a certain share of shares will be gradually given according to performance.

When the wind is put into the market, it will definitely take a considerable part of the shares.

As for the company's listing in the future, the company's important employees will also get a part of the incentive shares.

As long as Yu Wenfei can ensure that he can firmly control Facebook, as for the shares, it may not be very many in the end.

This is true of all Internet companies, and it is almost impossible for the founders to keep a lot of shares all the time. Because in the process of development, it is necessary to go through many rounds of financing and share expansion, which is equivalent to using other people's money to develop your own company.

Then someone else paid so much money, of course, they had to take a lot of shares.

Slowly, it has gone from being a company of one person to a company of everyone.

Look at Lao Ma's Alibaba, when the company went public, Lao Ma only had seven percent of the shares.

Pony's Tencent is even worse, when Tencent reached its peak, Pony only held 5% of Tencent's shares.

However, the strength of the two is also obvious, only such a small number of shares, but the control of the company is still firmly in hand.

As for those company founders who were kicked out of the company after the company went public, it can only be said that they are too stupid and not smart enough.

............

In January 2003, Yu Wenfei's main job was to reorganize several companies under his control.

First, Facebook Technology Company was established, with a total of 400 million assets, including funds on the books.

Star Technology Co., Ltd. is a wholly-owned company of Yuwenfei, which holds 100% of Facebook Technology and has a book capital of 100 million.

It is equivalent to saying that Yuwenfei originally established Star Technology's 500 million funds, of which 400 million were invested in the Facebook project, and now only 100 million yuan of cash is retained for other purposes.

After Facebook was spun off, the working relationships of all employees were transferred to Facebook.

As the head office, Star Technology currently only retains a separate finance department, a project incubation department, and the commander of the light pole with Yuwenfei.

Oh, and there's also a secretary, Hu Jingjing.

The incubation department of this project deserves to be talked about separately.

In fact, there are currently two project teams that belong to this sector.

One is the instant messaging project team controlled by Li Xin, and the other is the wingfly project team.

The two project teams do not have many employees, and they add up to 50 or 60 people.

All the rest of the employees have been divided into Facebook Technology, and the number of employees of Facebook Technology is now quite large, with more than 1,200 people.

As for Facebook Technology, Yu Wenfei temporarily served as the CEO, and will step down after the right person arrives.

Lu Qi, the company's technical director, can be regarded as a promotion from the technical manager.

This can also be regarded as Yu Wenfei's reward for his meritorious work in presiding over the development of Facebook.

Technical director is his position, and in addition, Lu Qi's level in the technical system has also been directly promoted from T5 to T7!

This is amazing, because starting from T7, it means that you are eligible for the company's equity incentives.

In the future, when the company goes public, not to mention much, at least the millionaire is gone.

In the entire Star Technology Company, in addition to Yu Wenfei, Lu Qi is also the first of the three major employee systems to reach level 7!

............

Facebook was spun off from Star Technology and set up a separate company, with of course notifying all employees.

Because a lot of people have to re-sign their work contracts.

Everyone is indifferent to this, anyway, it hasn't changed, the boss hasn't changed, the company hasn't changed, and the treatment hasn't changed.

It is estimated that the boss is idle and has nothing to do, and no one in the company discusses this matter.

However, a subsequent notice of all employees of the company made everyone a sensation.

"I hereby inform you that Lu Qi, the manager of the technical department of Facebook, will be promoted to the company's technical director with immediate effect, responsible for all departments related to the company's technology (technical department, project teams, computer room, etc.). Staff level upgraded from T5 to T7!"

Director Lu Qisheng, this is not surprising to everyone.

Originally, in this company, including when he was in Yitang before, he was the boss of the technical department.

After arriving at Star Technology, he has been presiding over Facebook's project, and now Facebook is doing so well, Lu Qi has a lot of credit, and his promotion is a matter of course. Everyone was convinced.

However, his employee level was directly promoted from T5 to T7, which made everyone a little envious and jealous.

Let's talk about the salary first, which directly jumps two levels, which means that Lu Qi's salary will become an annual salary system, and it will start with 500,000 directly.

When he was a manager, Lu Qi's monthly salary plus subsidy was only more than 10,000 yuan, and about 200,000 yuan a year.

Now, it's more than doubled.

The salary is high, and everyone can still accept it.

But this T7 can also participate in the company's equity distribution!

This means that Lu Qi will also be one of the shareholders of the company in the future......

"Boss, congratulations, are you going to call Mr. Lu in the future! This kind of happy event, Mr. Lu wants to invite everyone to have a good meal, right?"

The employees of the technical department have already begun to congratulate Lu Qi, which is really worth celebrating.

Lu Qi was also full of spring breeze, "Haha, thank you, thank you." I have a treat on the weekend, and everyone picks the place!"

Now he dares to say such big things, in the past, he didn't dare to be so generous.

The technical department has hundreds of people, 100 yuan per capita, and the cost is tens of thousands, which can bankrupt him!

Now, even if they all go, it's nothing more than tens of thousands of yuan and a month's salary......

Thinking about wanting a month's salary, Lu Qi is still a little painful.

But this money still has to be spent, besides, there will be more opportunities to make money in the future, and there is no need to be stingy.

They are all T7 employees, so they must look like T7 employees!