The conditions for recruiting Huang Xiaofeng were also set, with 1.5 million options worth $7.5 million on paper, and the option pool allocated this part of the quota.

The exercise period is three years, and a maximum of 500,000 shares can be purchased per year, and the exercise price is $3 per share.

Huimin Bicycle is currently valued at $250 million, with a total of 50 million shares with a par value of $5 per share.

It is equivalent to saying that Huang Xiaofeng has a 6% discount, and $4.5 million can buy shares worth $7.5 million.

Of course, whether to exercise the rights still needs to be judged on the development of the company.

If the face value of a single share of Huimin Bicycle is less than 3 yuan in the future, then this option is a piece of waste paper.

This is also the reason why many startups like to give options to their employees. An option is a right to agree on how long an employee can buy the company's shares at a certain discounted price.

But when the value of the company's shares is lower than the exercise price, there is no need to buy it......

There are many benefits to doing this.

First, it is normal to bind talents through options, and the exercise time is three or five years.

Employees aspire to go public and become millionaires and multimillionaires, so let's do it honestly for three or five years!

Second, cost savings.

Start-up companies have limited funds, and many year-end bonuses are not rewarded with cash, and options are directly issued.

There are also some chicken thieves, with ultra-low salaries, and a lot of options......

Third, create a common goal.

The common goal is that everyone has options, and they are all in the same boat.

Twisted into a rope, everyone unites to make the company public, and everyone is powerful.

Huang Xiaofeng obtained 1.5 million options, and if he wants to exercise 500,000 shares every year, he needs to come up with $1.5 million in real money.

This is a lot of money, and it is estimated that he will have a hard time.

And at present, a large number of competitors behind Huimin Bicycle are eyeing each other, and they are not as stable as Mount Tai, and the exercise of rights may face losses.

Another way is that three years later, Huang Xiaofeng exercised his option at one time and bought 1.5 million shares at a price of $3 a share.

Three years later, the winners and losers of the bike-sharing industry should also be known. It's the right time to buy.

As for where the $4.5 million came from? There are special financial institutions to do this kind of business, option exercise financing.

After exercising the option to buy shares, mortgage a part of the shares to the financing institution, or sell part of the shares and repay the money.

In addition to options, Huang Xiaofeng also has an annual salary of 1 million per year.

Huang Xiaofeng is still very satisfied with this treatment.

The annual salary of one million can only be said to be okay for him, and it is not that he has not received this level of salary before.

He still values options the most, 1.5 million options are equivalent to 3% of the total shares, and the option pool currently has a total of only 4 million shares, and nearly half is allocated to him.

If Huimin Bicycle's valuation increases tenfold after three years, it reaches $2.5 billion.

Even if some additional shares are issued, his 3% stake is diluted by half, which is still worth $37.5 million.

This equates to $4.5 million in $37.5 million worth of stocks, netting $33 million.

Of course, this refers to the ideal development of Huimin Bicycle and the situation that everything is going well.

If the valuation of Huimin Bicycle declines in the future, or even goes bankrupt, then the option is just a piece of paper.

But if it really develops like that, I can't blame others. As a CEO, the company is not going well or even goes bankrupt, which is hard to blame.

If you want to make money, you can even get rich. Then you have to be both prosperous and lose with the company!

In the conference hall of Huimin Bicycle Office.

Zhang Yida introduced Huang Xiaofeng, who was standing beside him, to the executives:

"This is the newly appointed CEO of Huimin Bicycle, Huang Xiaofeng, Mr. Huang!

Everyone's applause!"

When the crowd saw this, they immediately applauded.

Only Qin Zheng was a little sullen, and Zhang Yida inadvertently swept over everyone and noticed this scene.

Why Qin Zheng is frustrated, Zhang Yida has a rough idea in his heart. I guess the idea of taking over as CEO has failed!

Zhang Yida didn't think about him, but it is true that his abilities in all aspects are still a little worse, and he can't meet the CEO standards that Zhang Yida requires.

I can only find a chance to enlighten him!

Zhang Yida put aside these thoughts and continued:

Mr. Huang has held key positions in many well-known companies such as Procter & Gamble, Google, Penguin, etc., and has very rich experience in Internet and FMCG management.

I believe that under his leadership, Huimin Bicycle will usher in greater glory.

Next, Mr. Huang will tell you a few words. ”

Huang Xiaofeng was not stage frightened at all, and first said hello to the executives of Huimin Bicycle, and then said with a smile on his face:

"I'm also lucky to be able to work with so many elites......

Without further ado, let's work hand in hand to push Huimin Bicycle to a higher peak. ”

In this way, Huang Xiaofeng joined Huimin Bicycle and served as CEO.

As soon as he took office, he entered the working state, and flew to various operation sub-centers in three days. In addition to talking with the branch presidents, he will also go to the grassroots level, carry bicycles with front-line dispatchers, and ask them for advice.

Soon, Huang Xiaofeng had a detailed understanding of the operation of the entire Huimin bicycle.

Based on this understanding, Huang Xiaofeng wrote a work report to Zhang Yida.

The content of the report is very detailed, from the operation of each city, the delivery plan, down to the salary of dispatchers, and some optimizations and improvements are proposed.

Zhang Yida also took a serious look at the report. is indeed worthy of being an old driver, and many of Huang Xiaofeng's insights make Zhang Yida also shine.

Signed and approved, the plan was successfully passed.

Zhang Yida gave Huang Xiaofeng a high degree of management authority, and asked him to let go of it, don't care about this and that, and everything is guided by performance indicators.

After setting the target, the company mobilized all its resources to increase its users despite the limited number of bikes.

The online is overwhelming with public relations drafts for shared bicycles, and the articles are full of praise.

Offline, the buses and subway platforms of the four first-tier cities of Beijing, Shanghai, Guangzhou and Shenzhen also appeared advertisements for Huimin bicycles.

"Huimin Bicycle, Green Travel!"

"Low-carbon and environmentally friendly, ride anytime, anywhere!"

"Download the APP, scan the code and ride a bike!"

In addition, Huimin Bicycle has also marked some places with dense traffic according to the background riding track of the cloud platform, and focuses on these places through transportation scheduling every day.

"Office buildings, bus stops, subway stations, ......"

Under the extremely high online and offline exposure, the number of registered users and daily active users of Huimin Bicycle has both skyrocketed.

......

In November, Petra.com's three-month performance targets were all exceeded.

Zhang Yida made an appointment with Shen Beipeng and Xu Xiaoming again, and after reading the operation data of Peite.com, Shen Beipeng took off his glasses, rubbed his eyes, and said:

"Yida, do you want to work so hard?"

Zhang Yida smiled and didn't speak, if he didn't work hard, would it work? If you don't do your best to start a business, just wait for the door to close!

In today's society, competition is so fierce, competing for resources and funds, every step is fought for.

Forget it, Buddhist youth, continue to soak wolfberries in the thermos cup!

"24.2 million in August, 42 million in September, and 91 million in October. Xu Xiaoming gasped, underestimating this Pete network, the growth rate is too scary.

In the Pre-A round, Zhang Yida promised to reach 20 million, 40 million, and 80 million GMV in three months, all of which were achieved, and it exceeded a small margin.

"As I said before, the pet market has a lot of potential. Now we are on the eve of the outbreak, and we are entering this industry at this time, just in time to catch up with this wave of dividends and outlets.

The future of Pete will be limitless, and if you invest in it, you will earn it, two bosses, do you want to get in the car?"

Zhang Yida glanced at the two of them and quipped.

"I want to get on this car, but the ticket is too expensive and I can't afford it!"

Shen Beipeng shook his head again and again, he had dealt with Zhang Yida a lot, and he also knew that this was a lion's big mouth.

"That's it, Yida! Peter.com's performance is rising rapidly, but it is also burning money and burning fast!

The 10 million in the last round has been spent. In the future, I don't know how much money I will burn?"

Xu Xiaoming was actually tempted, but when he saw Shen Beipeng bargaining, he also spoke out to cooperate.

"Haha, they're all old friends. I don't go around in circles with the two teachers anymore.

The current growth potential of Petra.com has been highlighted, and the valuation of the A round of financing must rise!

The last round of valuation of 100 million yuan was really underestimated. But don't dwell on the past, let's just talk about the A round. ”

Although Zhang Yida said so, he was beginning to think about how to kill them in his heart, the last round of financing really lost money, and he had to earn it back.

"Let's quote directly!" Shen Beipeng's glasses narrowed into a slit, staring directly at Zhang Yida through the lenses of his glasses.

"1 billion yuan!

Zhang Yida looked back at Shen Beipeng with a harmless face.

"Sign the bet, and make enough 2 billion transactions in the next year!" Shen Beipeng was not shocked by Zhang Yida's bid at all, and it was still within his psychological range.

"The market capitalization/total turnover, the average level of e-commerce is 0.6, and the bet can be signed, but the total turnover should be changed to 1.66 billion within a year. ”

Zhang Yida began to argue on the basis of reason, the development of Pete Network is actually not very smooth, during the period, thanks to Ruixiang's traffic diversion, and even Zhang Yida himself came forward to stand for it......

Therefore, Zhang Yida did not dare to complete the turnover of 2 billion yuan, 1.66 billion, with an average monthly turnover of 140 million, and the completion should not be a big problem.

Shen Beipeng thought for a few seconds, and then said:

"No problem, 1.66 billion, it's up to you. ”

"How many shares will be put out?" Now that Shen Beipeng has agreed, Xu Xiaoming also feels that this matter is not outrageous, and it is worth the price. Simply asked how much to dilute the share out.

"The old rule, 20%, a pre-investment valuation of 1 billion yuan, a post-investment valuation of 1.25 billion yuan, and a financing of 250 million yuan. ”

Zhang Yida had already calculated it and blurted out directly.

"OK, no problem. In the last round, the black shirt was the lead investor, and Zhenke was the follow-up investor. In this round, it is necessary to change institutions, or add new institutions. I'll help you connect with a few to try. ”

Shen Beipeng recognizes these conditions, but the investment institution must be changed or added.

Otherwise, if the two companies come to invest in Peite.com, they will be suspected of inflating the valuation, lack of credibility, and affect follow-up financing.

Of course, Zhang Yida also understands these truths, and said to Shen Beipeng with a smile:

"Then please ask Mr. Shen a lot!"