Chapter 458 - More than just a company
R&D has entered the sprint stage, all parts have been found, this is no longer a problem, the difficulty lies in how to perfectly integrate so many things together, and meet the process appearance set by Allen, and as Chen Zier said last time, users do not use it, automatically enter the power-saving mode, and then use it to turn it on, which is not something that can be achieved by talking.
When Chen Zier arrived at the company, it was still a battle-like place, with a few people sitting around the table discussing, and some people staring at the code he couldn't understand without blinking.
Fadell was at the small conference table in front of the projector, listening to the report of the technicians, generally, when the boss appeared, people would suddenly pull their minds out, but Chen Zier came many times, and asked many times, you should be busy with you, I just look, when he kept repeating this, slowly these engineers have become accustomed to it.
Fadell rubbed his chin as usual, as if he had a big problem.
Chen Zier listened a little, and a white young man with glasses was a little thin and spoke, "We have set most of the parameters of the electronic system, but when we conducted a routine test on the player, I was surprised to find that the player was still consuming a lot of battery energy after entering the power-saving mode or even turning off the power completely. β
"That means if we turn off the power before we go to bed. Then the next morning the machine will run out of power. As a matter of fact...... It doesn't take a whole night, just three hours and the battery will strike. β
"Three hours?" Faudll spread his palms, "guys, our goal is for the player to have ten hours of continuous playtime. β
Another person next to him said, "It shouldn't be like this, this is already the most powerful battery we can find, there must be something wrong with the system." β
"Maybe we can find a way to avoid the huge memory of the song from occupying and consuming the hard drive?"
"What do you mean by avoiding the possession and consumption of hard drives? It's just hard drives, man. β
"No one has a rule that we can only use hard drives...... As long as it solves this problem......"
Discussions and collisions like this happen all the time in E-song, Chen Zier can't help much, he still doesn't understand what he uses to learn a traffic, and blames him for not doing well in the college entrance examination, going to a good school is not good enough for a major, learning a good major can't satisfy his vain dream of a famous school, ghost shit, all ghost shit.
Of course, now he doesn't regret thinking about it so much, if he really wants to go to any school, with his current strength, he may only be able to go to Hogwarts School of Witchcraft and Wizardry.
He didn't care about the technicians, and found an administrative staff to listen to his orders.
On the desk is the basic situation of the three people, most of the company's employees are not particularly rich, the scale is small, they still lose money, where to open what high salaries, most of the startups in Silicon Valley are like this, at the beginning they used stock options to attract talents.
Because of this convention, Chen Zier's current equity has gradually decreased to less than 51%, Gore has taken 12%, and Morgan Stanley has bought 30%, but in horizontal comparison, he already belongs to the situation where the founders account for a relatively large proportion after two rounds of financing, because there are generally more than one founder, and he is an independent person. In fact, in the context of this era, after the second round of financing, most of the company's equity will be out, and the remaining entrepreneurs may be 20% of each person.
Chen Zier didn't have so much money when he founded this company, the times don't wait for anyone, he can't wait for more shares in order to wait for the future to have more money, the game is not played like this, if he didn't act two years ago, from now on from 0, he may not be able to drink a mouthful of soup, and now he can eat half a mouthful of meat, this is the difference.
And Shengshi Investment already holds a large number of shares in many giant companies, as long as he negotiates well with the founder, he will continue to chase the guaranteed shares, so money is not a problem at all, E-song is very satisfied with this now, don't have a friend for a little possessiveness.
Fadell also had a 10% stake initially, but as Chen Zier experienced, financing, dilution ...... He now only has 3.6% left, and the remaining equity is basically in the hands of Yang Runling and most of the employees, even the brown-haired, bewitching little girl who handed him the documents has a little company option in his hand.
This is the unspoken rule of Silicon Valley, and no one is exempt.
Unless there are some difficulties, or some political factors and strategic issues such as the selection of the company's partners, there should only be some additional shares issued when the company is listed in the next few years, and Chen Zier's personal equity in this company may still decline slightly, but more than forty percent is already a very, very large number.
Google has not experienced several financings, and after they took 25 million in 99, they soon began to make a profit, because there was no shortage of money Page even dragged the listing process, but on the eve of the listing, Page and Brin only held 15% of Google's shares, even if they added up to 30%.
"Sir, the three of them are right outside the door. β
Chen Zier looked at the information of the three on the table, and didn't look up, "Let them in." β
The three are all men, and they are not very old, there is an explosive head, which looks a little unreliable, but Chen Zier remembers him, his name is Fadell, and he is a very talented person in software programming, the only problem is that he likes girls too much, and the average science and engineering code farmer is a little silent, but he is very cheerful, loves to talk, has many ideas, and is very lively, which may be the reason why he is full of imagination.
"Boss, she said you are looking for the three of us, but I am in charge of the software, and the three of us are not in the same team at all......"
He was a little weak, three troubled young people, and the people who worked with him knew that there was a big problem in their lives, so they called over together...... What are you going to do......
"Sit down, there's something I want to talk to you about. β
The three of them obediently sat side by side on the black leather sofa, Chen Zier stood up and closed the door, and then stood in front of them, holding his hands on his chest, "I'll just say it directly, because the company is in a big battle, and time is very tight." β
"You three, how many stocks did you buy?"
Fadell said first: "I have 2,000 Amazon shares, and it cost me $150,000 to buy them!"
It's really crazy, this is already a lot of money, the price of goods in the United States is cheap, and an annual income of 5-80,000 US dollars can basically be counted as the middle class!
"Borrowed money?"
"Huh? huh...... But don't worry, boss, I can assure you that I'm absolutely fully committed to my work, and like you said, I'm going to take that $15 million out of your pocket and get my share in the face of the debt collector!"
Chen Zier has adapted to the way Americans speak, and they promise that it is as easy as her mother peeing, just like a nerd like Gates, who dares to sell the software to others before it is written, and then they agree to buy it before they start writing. This shows how far people who are not nerds can fool around.
If the business society is extreme, you can only flicker, empty gloves white wolf, you can only do this, unless you cast a good tire, otherwise when you are just starting out, you can only use your words to make others believe you.
So he didn't bother with Fadel's assurances.
Turning to the other one, "How much did you buy?"
"I bought 800 shares of Cisco, I lost tens of thousands of dollars, and they're just a pile of waste paper, garbage, but I can handle it all. β
The other doesn't need to ask, "Boss, I have 600 shares of Excite stock and 400 shares of Cisco... As well as a little bit of Microsoft stock. β
So much...... You know a lot about investing, but it's a pity that it's all starting to fall, unexpectedly, right?
Chen Zier was speechless, "You can even buy Microsoft shares?"
"Sorry, boss...... Uh, uh-huh...... Just a little. Also, I'm not affected by this, I'm having a lot of fun working at E-song, I mean, I love it, I love it, like the guy next to me said, I ...... It's just that there's a little more garbage in your life. β
This should be a person who is not very good at words, and he is full of excessive clichΓ©s.
"I'm not trying to dismiss you. So you don't have to worry, even if life is hard, you still have a job. β
As soon as these words came out, all three of them breathed a sigh of relief.
Chen Zier continued to say slowly: "I know that everyone in the company has more or less used their own money to buy stocks, and those things are now ...... What you said just now, waste paper, garbage, everyone is facing the dilemma of shrinking wealth, but the three of you are more serious, borrowing and selling houses...... It's all messed up. β
Although the boss made a promise, Fadell felt that something was wrong.
"No, boss, we all did our job well...... We're really doing a good job, and we all need this job. β
Chen Zier waved his hand to signal him to stop, "I mean, if you are willing to jump out of the stock market, I am willing to buy the stocks in your hands." β
Extreme will eventually go out of business, and its stock is really scrap paper, but Chen didn't make that decision to invest in a small stake like Amazon or Cisco.
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"Of course, this is not mandatory, I will not overbuy at the highest point of the stock price, compared with the original, you must be a loss, but I hope your loss can be less, today's NASDAQ you have seen, this is not a shock, this is a stock market crash!"
Fadell was a little confused and couldn't believe it, he hadn't seen a boss do anything that was obviously losing money for many years, "But boss, if you buy it, the next thing you lose is your money." β
Chen Zier said: "This is my business. You just have to consider whether selling at the current price can solve your current dilemma. β
There was no problem with what he expected. They all have jobs, they have credit, and if they scrape together tens of thousands of dollars in cash, they can definitely get their lives back to normal.
And then the last man said, "Boss, can I not sell my Microsoft stock......?" No problem. β
Chen Zier sent the Buddha to the west, "Yes." β
When everyone wants to escape, there is actually no way to escape, and there are a large number of sellers in the stock market, and there will be people who copy the bottom, and then find that there is hell below.
Of course, for them, it must be a loss to sell now compared to the beginning, because the stock price has fallen a lot compared to when they entered, which is a real loss. Of course, the answer is definitely 'YES'.
The news also spread quickly within the company, so when Chen Zier walked out of the office again and walked into everyone's sight, every employee in this small company spontaneously gathered over, applauding and slowly surrounding him.
At this moment, E-song is more than just a company.