The core of AB shares is actually very simple, that is, different rights of the same shares, and the stock is divided into two levels: A shares and B shares, that is, the separation of voting rights and dividend rights.

The A shares issued by external investors only have 1 share and 1 vote, while the B shares held by the management have N voting rights per share, N usually takes 10 or 20, so that the founder team has 10 times or even 20 times the voting power of its shareholding ratio, so as to firmly control the right to speak to the company.

This also means that IPOs can only be listed in the United States in the future, and the AB share system is not recognized in China, and the requirements for listing on A-shares are too high, and there are too many terms and conditions, even if Luo Sheng can, he will not choose so.

Luo Sheng came to the world in 2003, to a certain extent, it is now in a state of nothing, and it is necessary to introduce venture capital in the early stage of starting a successful business from scratch.

Under the framework of the AB share system, Luo Sheng gives 20 voting rights to Class B shares, so that even if the entrepreneurial management team is not included, only with Luo Sheng's personal shareholding ratio, as long as the proportion of Class B shares held is not less than 10%, he can have absolute control over the company.

Luo Sheng's minimum security threshold for the shareholding ratio is 10%, that is, even if the equity is diluted to even only 10%, it can have more than 68% of the voting rights, and the resolution of major matters at the general meeting of shareholders can only be passed by more than two-thirds of the votes, and even if Luo Sheng holds 10% of the equity, it actually exceeds two-thirds of the voting rights.

However, as long as Luo Sheng does not make mistakes, it is impossible for reasonable financing to be diluted to such an exaggeration.

The design of the equity structure often determines the future fate of a company, so Luo Sheng will definitely not play on this issue.

Jobs was expelled from Apple, that is, he did not have enough voting rights, because Apple has not had a dual-class share system of AB shares.

The benefits of this shareholding structure can guarantee the control of the company by the management or founders, ensure that the management's decision-making will not be interfered with by shareholders, and can prevent hostile takeovers.

After a while, Luo Sheng continued: "On this basis, I want to have the company's veto power. Such a top-level design can ensure that the control of the company is always in the hands of our co-founder team, and with the expansion of the business will also introduce new partners in the future, then we can jointly exercise voting rights in our entrepreneurial team, if there is a disagreement, there needs to be a final decision, that is, me, is a veto. ”

One vote veto, that is, any resolution at the general meeting of shareholders can be vetoed with one vote and will not be passed.

Xu Yong complained: "Do you want to be so serious and formal?" ”

"To play real, you have to be serious and rigorous, do you have any comments on such an assignment?" Luo Sheng said.

It is worth mentioning that Luo Sheng's family background is much better than Xu Yong's, he is a high-income family, his father is a middle school music teacher, and his mother is a top professional lawyer, and she is a senior foreign-related legal consultant for many large multinational companies.

Xu Yong said he had no opinion.

That's pretty much how it was determined.

In the afternoon, Luo Sheng and Xu Yong sorted out a document and skipped class again, anyway, it was not the first time they had done this kind of thing.

Talent is sometimes very annoying, even if he skips class every day, his grades are better than those who study hard, and probably this is one of the reasons why no one plays with him.

Skipping class is naturally to register a company, because it requires more than two people, and the process is fast, but it is a little troublesome to cancel the company.

The full name of the company is "Shencheng Bluestar Science and Technology Co., Ltd." referred to as "Bluestar Technology", which is a registered limited liability company, but in fact it is a "one-person limited liability company", which is 100% controlled by Luo Sheng.

In the future, after financing, the shareholding system reform will be done, and then the equity structure will become the AB share system.

Luo Sheng didn't tell his family about this business, don't think about it, he will definitely not agree, unless he becomes famous.

The registered capital of Bluestar Technology is 220,000 yuan, and the two returned to school after completing the whole process, but they did not go to class, which was a waste of time for Luo Sheng.

……

407 dormitories.

"The company is a start-up, and it currently only has a registered capital of 220,000 yuan, so we have to save some flowers, and the dormitory will be temporarily used as our office base." Luo Sheng glanced at the computers of the two, this is the core equipment, perfect.

Xu Yong gradually became interested in starting his own company, and immediately said: "Let's talk about what our company should do, there are Yahoo abroad, and there are four major portals in China, Google outside the search engine, Baidu inside the search engine, MSN outside the instant messaging, Tengxun QQ inside ICQ, and Ahri inside the e-commerce Amazon...... So, what do we do? ”

Everything that can be done in the Internet industry seems to have been occupied, and there is a giant in various models that cannot be crossed like a mountain, and Xu Yong really can't find where Bluestar Technology can start.

His vision is only limited by the times, and for Luo Sheng, the development of the Internet in this world is no different from being in the wild era in his eyes, and there are more fields to be explored.

When he wrote Synapse, he had already figured out what he was going to do, and he had a very clear plan.

Starting from social networks, he took the lead in bringing out the Facebook model before Xiaozha, and now this time node is just right, if it is a little later, there will really be no chance.

Luo Sheng said simply and clearly: "Let's start from the school with local materials." ”

"What?"

Xu Yong looked at him puzzled, Luo Sheng said: "Doing a successful career is actually very simple, sell some solutions and help people solve the corresponding problems, then find the problem first, there is a very common problem in universities at present." Take our Fuda as an example, it is almost impossible to find the corresponding photos of people just by their names. ”

"All of the dormitories have personal directories, some are printed, some are online, but most are only accessible to students in one dorm. So, we should solve this problem, why not develop a unified online version? What about expanding our horizons from our school to universities across the country and around the world? ”

Xu Yong: "Then what are you waiting for?" Let's go! ”

Think and do it.

The two of them immediately got to work, first writing a new version of a personal name that could be viewed online, and then spending 60 yuan to register the right to use the domain name of the website for two years.

BlueSpace, that is, the meaning of blue space, can be called blue society, blue space, or blue space in China.

As time passed, Luo Sheng was in charge of programming the optimized diffusion development algorithm that he had been pondering for a while, and together with Xu Yong, he was responsible for registering the domain name architecture website and developing a new version of the unified online personal name.

The program code was written very quickly, and at the speed of the two of them, the liver could launch a new version in one night.

……