Chu Yuanxi wrote 400+600 on the blackboard.

"I personally injected 4 million yuan into this company as an angel round investment, and then, our genesis team was valued at 6 million yuan, so the company's angel round was valued at 10 million yuan. ”

Then he wrote "shares" after 4 million, "period" after 600, and then drew a few lines, and wrote "Chu", "Zhu" and so on behind the lines. "4 million is equity, which is exchanged for real money investment. And the valuation of 6 million is composed of each person's personal valuation and future employee incentives, which is an option, not an equity. I'll talk about the difference between the two later, but let's talk about the quantity first.

The 6 million is 60% of the overall valuation. Among them, Zhu Wei is the company's trump card, so the option accounts for 25%. I am the initiator and designer of all projects and am irreplaceable, so it accounts for 10%. Jiaotu 5.5%, Uncle Sheng 4.5%, Yang Yuanmei 3%. The rest goes into the employee motivation platform, which can be given to future outstanding employees, or you can also get from this part.

We are destined to be a small but beautiful team, and 10% retention is enough. At present, the company's most urgent need is professional video processing talents, and at present, Uncle Sheng can only take this position concurrently. ”

Uncle Sheng nodded ignorantly.

Speaking of this, he looked at Ah Du and said, "Ah Du, because you chose to be attached to the outside world just now, I can't give you options." However, for in vitro objects, I can still give you 200,000 investment rights, accounting for 2% of the current proportion, which is a little different from options, which will be explained later. ”

Chu Yuanxi saw that Jiao Tu couldn't hold back and wanted to speak, so he made a downward gesture to him, "Let's talk about the giving and deprivation of options first, this is the most important." The options and purchase rights granted in this confirmation are exercised in five years, taking Zhu Wei as an example. Zhu Wei has 25% options, so after working for one year, 5% of them will be converted into equity, and the remaining 20% is still in the option state.

What should I do if Zhu Wei asks to leave the company in the second year? 20% of the ungiven part will be automatically transferred to the employee incentive platform, and it has nothing to do with Zhu Wei. The 5% that has been given will be compulsorily repurchased by the company, and the repurchase price will be paid at half the price of a certain round of valuation completed before the departure time, but if it has been IPO listed, then it is completely market-oriented and the company will no longer interfere. It is very clear in this contract, and if you don't understand, take a closer look at page 4. The dumb is a labor contract, which says the right to invest. ”

Suddenly, the contract was flipped over.

"It's not over yet, if, I mean, if someone is fired by me, what should I do?" Chu Yuanxi stopped, glanced around and found that several of the main owners were very confused, but Monica and He Namei looked at him very playfully, and it was not a big deal to watch the excitement.

"First, N+1 severance compensation, which is required by law. Second, the parachute clause, whether the option has been paid or not, the company must repurchase the full amount according to the previous round of valuation at the time node, which Yang Yuanmei did not have, and Yang Yuanmei was opened to only redeem the options that had been issued. In other words, if I am blind, who is not working well after being invited by me to come over, then I can only admit it. This risk is still relatively large......"

There was a burst of laughter below, and it seemed that they all understood this clause, but Yang Yuanmei was unhappy: "Why didn't I have it?"

"Because you're an unplanned person, you weren't invited by me. Chu Yuanxi looked like why you would ask such an idiotic question.

As a business, one of the more taboo points is absolute fairness, such as complete fairness between new employees and old employees, which will lead to disaster, and disaster is invisible when it is formed. However, it is more difficult to grasp the degree of artificially creating "injustice", and it is difficult to do a good job of intensifying contradictions, which is an intermediate operation in the category of dragon slaying, and a general direction is that the so-called "injustice" must also have a law to follow and logic to speak of.

Like the injustice that Yang Yuanmei encountered, Chu Yuanxi felt that with her understanding of Yang Yuanmei, not only would she not be resentful, but also would be even more ***, because don't look at her keep saying that when the rice worm goes home to inherit hundreds of millions of family properties, she is actually a naturally strong person.

"Next up is dividends. When cash dividends are paid, the equity part is directly taken and taxes should be paid. The option part is stored in the company's account, and the payment is delayed for two years. If you voluntarily leave the company during the delay period, half of the payment will be paid, and the other half will be transferred to the company's provident fund. If it was opened by me, it will be paid in full. ”

"Do I have to delay it for two years?" said dumbly, and only then did he remember how many years of delay he didn't have anything to do......

"Well, a two-year delay is not long or short. Chu Yuanxi continued: "Finally, the company will raise funds in the future. The financing will be diluted by a percentage, and what I can guarantee is that the valuation of future financing will not be less than 1 yuan per share, which is the valuation price of this round. If it is less than $1, your equity and options will be protected by ratchet. I don't know what a ratchet Baidu is, so I'll move on to the last one. ”

As a result, no one opened Baidu, and they all craned their necks to look at him.

"The last rule is that the equity you have obtained is not allowed to be exited through transactions before the Series B financing. If you must withdraw, the clause is equivalent to voluntary resignation, that is, the company will recover the issued equity at half the price of the previous round of valuation, but the unissued part will not be invalidated. In other words, the founder cannot choose a counterparty before the B round, and can only buy back the company. Series B financing and after that can be traded normally at the financing node, but only the part converted to equity can be traded, and options are not.

Finally, a word that has nothing to do with the contract. Zhu Wei is currently the second leader of the company, and when I am not there and Zhu Wei is here, if I encounter extremely urgent matters and I cannot be contacted by WeChat phone, Zhu Wei has the right to sign for me. But, Zhu Xiao, don't be happy, your position as the second leader may be taken away by me at any time and replaced by someone else. Okay, I'm done, who has a problem. ”

Jiaotu immediately raised his hand: "I-me!"

He Namei sat in the corner and watched this scene, and she was simply impressed by Chu Yuanxi. As a business manager, she has participated in several venture capital meetings with Pengfei, but she has never seen such a weightless person as Chu Yuanxi.

The average entrepreneur seems very jerky, but Chu Yuanxi's arrangement is clear and orderly, all the terms have a basis, and if you think about it carefully, these terms take care of the interests of the whole, not biased towards the company or the individual, and the sense of balance is very strong.

When Chu Yuanxi started a business, after a few days of fermentation in Pengfei Technology, it has become a talking point for employees, of course, most of them are ridiculed. Although she didn't laugh at it, she didn't think so, just that salted fish can still start a business? But when Chu Yuanxi really started a business, she found, huh, why is the salted fish suddenly not salty? This is the rhythm of turning over?

Her interest in Chu Yuanxi was immediately aroused.

On the other side, Jiao Tu couldn't wait to stand up, ran to his own line in front of the blackboard, and asked, "Did you make a mistake Brother Chu?"