However, equity and voting rights are two different things, and this kind of problem can be designed with an equity structure of AB shares.

In many Internet companies, the shareholding structure of AB shares is adopted.

The investor is a Class A share, and each share has only one vote.

And the founder is a class B share, and one share can have ten votes!

Under this model, the founder only needs to ensure that he holds about 10% of the company's shares in his hands, and then he has the absolute right to speak in the board of directors.

Take JD.com as an example, by 2019, the founder Dongge only directly or indirectly controlled 15.9% of the shares, but the voting rights were 78.7%!

JD.com's largest shareholder may not be what many people would expect, it is Tencent!

Tencent owns more shares in JD.com than Dongge, accounting for 17.8 percent, but only 4.5 percent of the voting rights.

The other major shareholder is Walmart, with 9.9% of the shares and 2.5% of the voting rights.

Jingdong adopts the AB share structure, and the stocks in Dongge's hands are all Class B shares, and one vote can be used as ten votes!

For playing financial operations and how to deal with VC, Yu Wenfei is very good at it.

In his dream, his legendary technology group, when he started, he only had a few million yuan, rented a spacious office, and he didn't dare to pay the rent annually, but only paid it quarterly.

Then a reliable team was recruited, and the real starting capital was pulled by Yuwenfei's exquisite PPT that had been carefully produced for several months.

Yu Wenfei still clearly remembers that when he finished telling the career he wanted to do through an illustrated and ambitious PPT, many representatives of VC companies in the audience stood up and applauded him.

Coupled with the strong elite team, as well as his experienced and well-known leader in the industry, he directly skipped the angel round, and the first round is the A round of financing, and the VC lineup is very luxurious.

Goldman Sachs led the investment, followed by Bull Capital, Tiger Fund, and Russia's DST, with a total investment of 100 million US dollars!

With such a high investment, Yu Wenfei only paid 20% of the shares......

At that time, his legendary technology company, with fifty-two employees, was the first mobile phone to be built, not to mention the engineering prototype, and it didn't even start the official research and development, and everything stayed on his PPT.

Therefore, Yuwenfei's PPT entrepreneurship became famous, which made many domestic entrepreneurs feel a great shock.

Later, this PPT entrepreneurship model began to become popular, and many VCs joked that this "bad atmosphere" was driven by Yuwenfei.

In fact, this is really wronged Yu Wenfei, this method, he still learned from his predecessors, around 2000, there are many such cases in the domestic Internet industry, at that time it was even more exaggerated, Yu Wenfei at least made PPT with his heart, and all kinds of planning and development were very reliable.

In 2000, when entrepreneurs pulled investment, they were empty-handed, relying on one mouth!

The most typical Yitang network is not relying on a dream of Mr. Tang to fool a venture capital of 50 million US dollars.

However, those people failed, and Legend Technology achieved great success, so Yu Wenfei's PPT entrepreneurship has become a beautiful talk.

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

This time I met Mr. Hu by chance, and heard that he wanted to invest in his own project, Yu Wenfei was moved.

Forget about Facebook, that's not something that Mr. Hu's magnitude can be mixed in, but well, he has another project, which is very suitable for Mr. Hu to participate.

"Another project?Mr. Fei, do you have any other websites to do?" Mr. Hu looked dazed.

As far as he knows, it seems that Yu Wenfei has made a Facebook network.

"Knorr Supermarket!" Yu Wenfei said dryly.

It turned out to be this, and Mr. Hu also knew it, but did it as a supermarket?

Isn't this a traditional industry, it doesn't quite fit his vision, Mr. Hu himself is a traditional industry, he really wants to invest in the traditional industry, don't you just invest in yourself, why do you have to run to send money to others, Yu Wenfei doesn't want to let himself invest, so he deliberately makes an excuse to let himself invest in his supermarket, so he has a not very happy look on his face.

Yu Wenfei saw Mr. Hu's expression, smiled, and only said: "Mr. Hu might as well go back and investigate my Knorr supermarket to see if there are any investment prospects." But let me say first, invest in Knorr, money is still secondary, the key is to influence in East China! After the New Year in Knorr supermarket, we should take land in Jiangsu and Zhejiang provinces to build our own flagship stores, and we can actually solve the land problem ourselves, but it may take more time. If there is a partner who can help solve this problem quickly, then it is eligible to take a stake in Knorr Supermarket. ”

This is Yu Wenfei's idea, after a few contacts, he feels that Mr. Hu is the kind of traditional businessman who is more proficient and well-connected.

He has been operating in the magic capital for so many years, presumably his connections are still influential in East China, and this kind of person is very suitable for helping Jiale Supermarket get land!

With the development speed of Knorr, it will spread throughout East China this year, and it will also be the base camp of Knorr.

However, there are advantages and pitfalls to developing too fast.

Needless to say, the advantage is that it can quickly increase market share.

The hidden danger is that the development is so fast, and the funds are limited, the site can only be leased, and you can't afford to buy a ready-made property.

As for buying land and building it yourself, the procedure is too cumbersome, and you need to deal with people from the government, and there are no such "talents" on the side of Knorr......

Now that Mr. Hu has jumped out, he is very suitable for this job.

If he can mobilize his own connections and help Jiale get some well-located and cheap land in major cities in Jiangsu and Zhejiang provinces to build Jiale's flagship store, it will naturally not be good.

Hearing Yu Wenfei say this, Mr. Hu was skeptical, but he still wrote down what Yu Wenfei said, and prepared to do a good investigation of Knorr Supermarket after the year.

He is not too familiar with the supermarket, and of course he doesn't know how far Knorr has developed now, and his attention was originally on Facebook.

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

After chatting a few words, it was time for Yuwenfei's flight to board, and after he and Mr. Hu said goodbye, they got up and left with the two girls.

Looking at Yuwen Fei's back, Mr. Hu fell into deep thought.

"Hey, Mr. Hu ......" his right-hand man came over.

"Lao Li, do you know Knorr Supermarket?" Mr. Hu suddenly asked.

As a person with a net worth, he basically hasn't been to the supermarket by himself, so even if the Knorr supermarket is famous in the magic capital, Mr. Hu has never gone to visit.

I heard that it is a Hong Kong-funded company, and it only took half a year to do the old supermarkets such as Hualian and Lianhua, which is really remarkable. Assistant Lao Li exclaimed.

Mr. Hu's heart moved, it seems that Yu Wenfei didn't lie to himself, this family music really has something.

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