In order to cooperate with Sun Zhengyi's "performance", Yu Wenfei also sat upright and said sincerely: "After listening to Mr. Sun's words, it is really better than reading for ten years, and I have benefited a lot! I also thank Mr. Sun for his trust in me! Believe me, this investment will not take long to prove once again that Mr. Sun's vision is the most vicious." ”

Now that the big bosses of both sides have been negotiated, the atmosphere in the conference room immediately became relaxed.

Xue Chunhe and Cai Congxin also had smiles on their faces.

Everyone is acting hard, isn't it all to achieve the desired result, and now that it has been achieved, there is no need to keep a tight face.

As for the details, such as the number of users and profit expectations promised by Yuwenfei, of course, they will continue to be valid and must be written into the contract.

The other terms are just to let Cai Congxin and Xue Chunhe discuss, the follow-up process will take a while, and the procedures that should be followed still have to be followed.

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

Since the investment has been introduced, everything in the company must be on the right track, and this financing will not only increase two shareholders, but also involve the issue of employee share incentive pools.

After tripartite negotiations between Facebook, SoftBank, and Jiaotong University Ventures, the total shares of Facebook were set at 100 million shares, which are worth $40 per share based on the current valuation of $4 billion.

Yu Wenfei originally wholly owned Facebook through Star Technology Company, and just took one percent of the shares to Cai Congxin to attract him to join Facebook. In addition, there will be a maximum of 4% share incentive in the later stage, and 5 million shares will be set aside for this piece.

In this financing, 10 million shares will be given to SoftBank and Jiaotong University Venture Capital, of which SoftBank will contribute $360 million to take 9 million shares, and Jiaotong University Venture Capital will invest $40 million to take 1 million shares. It is worth mentioning that only half of the funds raised this time went to the Facebook account, and the other half went directly to the account of Star Technology.

In other words, Star Technology cashed out a part of its shares in advance. The WeChat project is about to be launched, and it also needs a lot of money.

Regarding the share incentive of employees, Yuwenfei took the initiative to take out another 10 million shares from the shares of Star Technology to establish an incentive pool! In the future, whether it is a senior executive joining or rewarding employees before the company goes public, they will take shares from this incentive pool to implement.

Of course, this share incentive plan will not be implemented yet, and will not be officially implemented until the company is listed, and some employees who have made outstanding contributions to the development of the company will enjoy the results of the company's listing and get a lot of share awards!

The shares are also divided into two categories: AB, and the shares held by Star Technology are all Class B shares, but the shares of the rest of the owners, including the future financing and listing issuance, are only Class A shares. The difference between the two classes of shares is the voting rights, Class A shares have only one vote per share, while Class B shares have ten votes per share!

Yuwenfei is also paving the way for continuing to control Facebook after the shares are slowly diluted in the future.

It is not uncommon among Internet startups, so SoftBank and Jiaotong University Venture Capital have no opinions.

At the same time, the board of directors of Facebook was also formally established, and there is no doubt that Yu Wenfei was elected chairman of the board of directors by a crushing advantage.

SoftBank and Jiaotong University Venture Capital can each send one person to the board of directors, Cai Congxin also entered the board as CEO, and Yu Wenfei nominated Lu Qi and Effie to join the board as employee representatives.

It stands to reason that employee representatives need to be elected at a general meeting of the board of directors.

But who will bother with this process, it is not enough for a few major shareholders to approve.

The reason why these two people were nominated, Yu Wenfei also has a reason.

Needless to say, Lu Qi is the veteran of the company, and the website Facebook was made by him with a technical team. He has a high prestige among employees, works diligently, and has outstanding skills and excellent resume. Such a person, of course, is the backbone of the company, and sooner or later he will get a share incentive.

Effie, this girl Yu Wenfei admires very much. The ideas are whimsical, very aura, and he is bold and responsible. As soon as he was promoted to the manager of the public relations department, he dared to give up his studies directly and devote himself to the company. Moreover, the activity plan became the "catalyst" of Facebook, directly helping Facebook to complete the transition from 50 million registered users to 100 million.

It can be said that at least 20% of the credit for this financing can get such a high valuation comes from Effie's plan.

What boss can not appreciate such an employee.

And for her, Yu Wenfei will be reused in the future, and this is just the beginning.

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

After this redistribution of shares, Yuwenfei continues to hold 79 million Class B shares on Facebook through Star Technology, becoming the largest shareholder and having an absolute controlling stake.

In the newly established employee share incentive pool, there are 10 million Class A shares.

SoftBank received 9 million shares, and Jiaoda Venture Capital received 1 million shares.

In addition, it is one million shares in Cai Congxin's hands, and according to his work performance, he can still get four million equity incentives before the company goes public.

At the same time, Facebook's core team has also been clarified.

Led by Yu Wenfei, Cai Congxin, Lu Qi, and Effie, privately formed the executive lineup of Facebook. It won't be long before this lineup will be further expanded.

After talking about the matter, Yu Wenfei didn't feel anything yet, but Xue Chunhe had already congratulated him with a smile: "Congratulations to Mr. Fei, you are the richest man in China this year! The nineteen-year-old richest man, it feels incredible to think about it!"

Yu Wenfei was stunned, what is it?

Cai Congxin next to him also said with a smile: "Mr. Xue is right, if you only talk about net worth, Mr. Fei has indeed reached the top steadily this year." Now the highest should be Mr. Ding of NetEase, according to NetEase's stock price, it is more than one billion US dollars. Mr. Fei's current shares are worth more than $3 billion, which is three times that of Mr. Ding. However, there should be no Fei on this year's Forbes rich list, after all, Facebook has not yet been listed, and this valuation is not counted. ”

Only then did Yu Wenfei realize that he was worth more than three billion US dollars.

In recent years, the country has just developed, and the worth of the rich is not so exaggerated, and after more than ten years, the richest man in China is almost the richest man in Asia, even if it can rank in the top ten in the world. Like old horses and ponies, their net worth is three or four billion US dollars at every turn.

In 2002, the richest man in China was the Rong family, which was only 850 million US dollars.

This year, the Internet industry has picked up, and the value of those Internet upstarts has risen, and NetEase's Ding is always the one with the highest net worth, and now it is only more than one billion points.

If calculated according to Facebook's current valuation, isn't he worth more than $3 billion, three times higher than Mr. Ding.

It's a pity, just like Cai Congxin said, the Forbes rich list does not count this kind of valuation, and Facebook is not listed, so it is impossible for Yuwenfei to be on the list......

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

"What? I'm on the board? Jingjing, you're not kidding, are you?"

Effie looked at Hu Jingjing with a shocked face.

She is not qualified to participate in negotiations with SoftBank, so she does not know about Yu Wenfei's nomination of her to the board of directors.

This was just after the meeting, and Hu Jingjing secretly ran over to tell her the good news.

"I was hoping it was a joke, but unfortunately it wasn't. You and Director Lu are on the board of directors as employee representatives, Effie ...... No, Mr. Ai, you are already soaring, you have to take care of me more in the future. Hu Jingjing said sourly.

Hey, I followed Yu Wenfei earlier than Effie, and now I'm just a secretary, and the staff level is not high, and my salary is not more than 10,000 a month.

Look at Effie, at the beginning, she was just a miscellaneous worker in the administrative department, an assistant manager.

But it took off straight a year ago!

Now they are all mixed into the board of directors, although there are no shares yet, but it is conceivable that as long as there are no accidents, when Facebook is listed, Effie will definitely get a lot of share incentives.

Effie was surprised and delighted, she had no idea that she could be on the board.

That's the board of directors, this name sounds so lofty, and when you go out by yourself in the future, will others call yourself "Ai Dong"......

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

On March 8, a press conference was held in the No. 1 Conference Hall of the Peace Hotel on the Bund, hosted by SoftBank China.

SoftBank's reputation is still very well-known, especially in the financial circle and the Internet circle, so the well-known media in the country basically sent reporters to the scene.

On the invitation letter, SoftBank only wrote the incomprehensible sentence "Boost your dreams!".

However, the reporters are all monkey spirits, and they immediately guessed that this is SoftBank has another big investment!

And the amount of investment this time must be not small, otherwise there would be no press conference, like the previous investment of tens of millions of dollars, did not say that there would be a press conference.

The press conference has not yet begun, but the conference hall is already bustling with reporters.

All kinds of cameras and long-lens cameras have been set up, and the place closest to the stage is even more densely packed, and a large circle of machines is pressed by black.

"Hey, Brother Liu, you have a lot of news in the venture capital circle, do you know which company SoftBank is investing in this time?"

"Hehe, I heard the wind, but I'm not sure yet, it shouldn't be so fast. That Brother Liu smiled mysteriously.

"Let's talk about it, Brother Liu quickly said, which company was so lucky and got a large investment from SoftBank. "There were a lot of reporters around at once.

Brother Liu was reserved for a while, but he still couldn't hold back, and said in a low voice: "I heard from friends in the circle a while ago that Facebook is going to raise money! And SoftBank got the qualification to enter, but according to the news, they should have just started talking, not so fast." ”

There was an uproar.

"Facebook? This is more reliable, Facebook has been in unlimited scenery for a while, and it has suppressed the limelight of other websites. ”

"Have you seen it, two days ago, there was an announcement on the homepage of Facebook, saying that the number of users exceeded 100 million!"

"I'm running the financial line, so I really haven't paid attention to this. 100 million users is such an exaggeration? Facebook has only been online for a few months?"

"It's really an exaggeration, other websites can't get this step in a few years, and Facebook only took a few months to complete it. Therefore, SoftBank is very likely to invest in Facebook this time, and the investment will not be less. ”

"Well, looking at this posture, I feel that the investment is going to exceed 100 million US dollars, otherwise it is not worth the development of the conference. ”

"It's definitely over 100 million, but I don't know how many there are. The last time SoftBank invested 50 million or 60 million in UTStarcom, it didn't hold any press conferences. ”......