046 Five-Party Talks (China)

There is also a shift in the evening. Pen & Fun & Pavilion www.biquge.info

-------------------------------------------------------

The talks were actually coming to an end, and after several days of arguing about the focus of the talks, a reunification was barely reached after a tug-of-war of negotiations and repeated requests for instructions.

In the large conference room on the sixth floor, the largest conference room was crammed to the brim.

The minimum team of company representatives is at least 4 people, and lawyers and actuaries are standard in addition to full-time negotiators.

In total, Chen Wenhao's team is the strongest. On Wednesday, the three-person team led by Dai Yuqian, who was also an acquaintance he had seen when he was in Xiangjiang, flew from Xiangjiang to Jianghai City and appeared directly in front of Chen Wenhao.

At the same time, there were also two lawyers from Norton Rock's Jianghai office, and the leading lawyer was called Zhong Jiahao, who belonged to the partner level of the law firm, which shows that the Jianghai office attaches great importance to Chen Wenhao, an IT upstart.

According to Dai Yuqian, the help of colleagues in the Jianghai office is regarded as internal support, which is a benefit that large customers can enjoy. If there is a similar situation in the future, you can still enjoy the services of Jianghai Office.

However, in the subsequent process of signing the transfer contract with Jiang Wei's family, Zhong Jiahao's performance was extremely professional, and his colleagues were also very familiar with the domestic fiscal and tax system, and provided a lot of good advice on the optimization of factory assets and reasonable tax avoidance. Considering that there will be many acquisitions or cooperation needs in the future, he immediately decided to sign a service agreement with the Jianghai office, and they will be responsible for all the company's legal affairs in the mainland.

Naturally, in the next five-party talks, Chen Wenhao has an ultra-luxurious team that is proficient in legal affairs and finance and taxation, and a lawyer who can speak well can also act as the main attacker in the negotiation. It made him feel like it was great value.

Fang Yuxin and Jin Wei, as the company's managers, also participated in the whole meeting. For Jin Wei, after observing during this time, his ability and sense of responsibility are qualified, and Chen Wenhao is ready to let him go to the soon-to-be-established branch to serve as the vice president.

Fang Yuxin's future position will remain in the current company (which will become the head office in the de facto sense in the future), but as the company's first employee, and Chen Wenhao brought it out, the two management team seats on the new company's board of directors will reserve a place for her.

At the negotiation table, the lawyers of various companies are carefully reviewing and revising the text of the agreement that has just been reached, and Chen Wenhao can't help but think of the scene on the first day of the negotiation, he threw out the latest data at the beginning of the negotiation, which startled everyone.

More than 80 million users have been used! The number of paying users is as high as 30 million! This is a big increase from the previous week when he reached a preliminary shareholding draft with Facebook, Accel and Greylock.

When Chen Wenhao handed over the latest bank income flow to the representatives of the company for review, the slight suspicion disappeared.

This is no more than some companies that dare to exaggerate the number of users, activity index and other key indicators by several times, or even more than ten times, when applying for financing. Those indicators belong to internal data, and if you want to falsify them, you can just move your fingers to change the numbers, but whether you can justify yourself and deceive investors is the key.

The data provided by Chen Wenhao, especially the data of each paying user, has a solid payment record, and there is an official document endorsement from the bank. In China, no bank dares to provide fake documents for this, and you must know that every number on the documents needs to be paid by the bank with real money.

Chen Wenhao even doubted that the investment behavior involving such a large amount of money could be discussed in three days, and the participants were frightened by the rapid growth of small card software. Every day of delay means they have to pay a higher valuation for the millions of new users added every day. Generally speaking, it is common for all parties to negotiate back and forth for an investment of this magnitude, tossing and turning for half a year or a year.

At the beginning, the controversy was that Facebook first proposed that the source code of Xiaoka's translation software, the new programming language used to develop the software, and the software's encryption algorithm and other intellectual property assets should be merged into the new company, not just the operation of the software itself.

There is no problem with the source code of the software, Chen Wenhao has previously confirmed with Xiaoka that although it is written in the newly developed K+ language, its scientific and technological level is not out of the scope of earth technology, and even if it is made public, it will not arouse suspicion.

What's more, although the software developed through K+ can be applied to all current platforms, its development environment can only be provided by Xiaoka, even if others learn the programming language K+, without a supporting development environment, it is only equivalent to learning dragon slaying skills but no dragon to slaughter. It's like someone who has learned a high-level programming language and only has an old-fashioned keyboard and phone at hand for development tools.

Therefore, Chen Wenhao's promise is that the source code of the translation software can be incorporated into the new company as a technical asset, and it is okay to learn the K+ language if you want to, but the equipment equipped with the K+ development environment will only be arranged within the new company, and the number and scope of use will be strictly limited.

As for the software encryption mechanism, sorry, it can't be! Of course, if there is a need for this within the partner, it can give priority to providing technical support.

After Chen Wenhao announced the decision, Tang Liyang also wanted to fight for more initiative for Facebook, because the translation module has been used so far, and they have clearly felt that the program developed with K+ has exceeded the best imagination in terms of response speed and compatibility, which is too tempting for a website with more than one billion online users every day.

However, Accel, Greylock, and Tencent Investments did not want to dwell on this and did not give Facebook much support. Their attitude is that if Facebook can get more benefits, of course, it is a good thing, and everyone is happy to enjoy it. However, if the negotiations are deadlocked, it will not be allowed, and the next share allocation is where the most energy needs to be invested.

Therefore, when Chen Wenhao agreed to Facebook that he could send three technical personnel to the new company to use the K+ development environment to serve Facebook's translation module and public interface, the controversy was settled.

The next negotiations can be regarded as ups and downs. In fact, for most of the time that followed, Chen Wenhao and his team entered the theater mode. After all, representatives of the other four companies had already accepted Mr. Chen's request for a new company's operating model before the formal negotiations. Then the most important question that remains is obvious: how will the 45% of the shares be distributed?

This is a difficult contradiction to reconcile. Everyone knows that the new company will inevitably make money, and it will make a lot of money, and if possible, any of these four companies will be willing to eat all the shares independently.

These four companies are all wealthy owners, and none of them wants a larger share, and none of them will budge. The heated debate lasted for two days, and when the stalemate continued, Chen Wenhao's opinion on how to break the deadlock was very important.

In the end, under Chen Wenhao's coordination (and dilute mud), the four companies finally reached an equity quota distribution that was acceptable to everyone: as the main contributors to Chen Wenhao's early equipment procurement, Accel and Greylock each won 12% of the equity; Facebook has benefited from the development of K+, accounting for 11% of the shares; Tencent was the latest to invest, eating only the last 10%.