147. Controlling interest
In order to grasp the control of the company, Guan Huang consulted with professionals and set up a more complex shareholding structure.
It is divided into four parts.
(1) AB share system.
A shares, 1 share, 1 vote;
B shares, 1 share with 100 votes.
A-shares are currently mainly aimed at investors who only have money.
These people took the initiative to come to the door, just to get on the bus, and they were willing to do anything.
With the development of Superman, there will be more and more A shares, as long as you survive the current money-burning war, Superman's future is a smooth road, and then investors come in, you can only take A shares.
(2) Shareholding platform.
Mainly aimed at outstanding employees, it is a variant of "limited partnership", and the voting rights and income rights are separated.
As the general partner (GP) of the shareholding platform, Guan Huang has 100% of the voting rights and a small part of the income rights.
As limited partners (LPs) of the platform, employees have the vast majority of the income rights, but have no voting rights.
If a company wants to grow and grow, it cannot do without the support of employees, and in order to retain excellent talents and stimulate team morale, equity incentives are indispensable.
(3) Entrustment of voting rights.
After the rise of Superman, the domineering side leaked, showing the posture of a king, and investors were like crossing the river, and there was an endless stream.
Guan Huang has requirements for investors who bring their own resources:
Want to invest in me?
Yes, sign the "Voting Proxy Agreement" first.
In the future, I will vote for you.
It means: you just divide the money, but don't talk.
At present, this group of people accounts for the mainstream, and they are the majority of investors.
All of you present are this kind of agreement.
(4) Concerted actor agreement.
Specially designed for the bigwigs.
These people are rich and powerful, and not only have the resources of the (third) category, but also the risk of rejection.
How to deal with it is quite a test of the founder's ability to balance.
AB shares? That's an insult to them.
Voting rights delegation? Don't sign.
Of course, it is possible to refuse admission to the other party.
However, the bigwigs can bring a lot of resources, because it's a pity to give up.
And for Guan Huang, it is impossible to give up control of the company.
The Concert Party Agreement was born.
Vote, you all keep.
If there is a problem, we discuss it democratically.
If you have a point, I'll listen to you.
But if I have my own considerations, you must listen to me.
On the surface, it is more democratic than voting delegates, but it also has absolute control.
Under the four-tier structure, Guan Huang has a firm grip on the company.
Not to mention that Guan Huang currently holds more than 80% of the shares, even if the financing continues in the future and the shares are diluted to less than 50%, the control of the company can be guaranteed to remain unchanged.
Moreover, as Superman gets bigger and bigger, the situation is getting better and better, and the initiative is in hand, there will only be more and more A and B shares.
"Lao Liu, tell me, how do you want to change?"
Liu Litao said with a smile, "I heard that our company still has a concerted action person agreement?" ”
"Yes, there is this", Guan Huang was not surprised by the leak.
Although only a few people have signed the "concerted action person agreement", there are impermeable walls in the world, and signing the agreement does not mean that it is monolithic.
There are always people who actively or passively divulge secrets.
Liu Litao licked his lips, "Let's have a new round of financing, can we go through this?" ”
Guan Huang was puzzled, "Is there a difference between the two?" It makes no difference. ”
Liu Litao: "It's always a better reputation." ”
Of course, it's more than that.
"Voting rights entrustment" is completely up to Guan Huang alone, and even many times, Guan Huang makes a decision alone.
The "concerted actor agreement", at least with a participatory process, fully guarantees the right to know.
Just like some things, there is no pressure when you do it alone, and once there are people around, you will pay attention to not being too ugly.
Guan Huang glanced at the few people present, "Everyone agrees this way?" ”
Wang Guohua and the others nodded one after another.
Guan Huang relaxed his body, "Okay, I'll go back and think about it, but what are you stimulated, why do you suddenly remember this?" ”
It is impossible to consider.
Give these people a "concerted action agreement", and other investors may open their mouths.
Besides, he didn't want Superman to be closely associated with the provincial giants.
Connecting and alienating is the best state.
Wang Guohua smiled bitterly and said half-truthfully, "It's not the ghost of the recent news, everyone is afraid." ”
Guan Huang thought about it for a while, and he knew what was going on.
This past September, the market was surging.
A liquor company previously purchased a fermentation pond from its controlling shareholder, spending 1.657 billion yuan, and this year purchased the right to use the trademark from the controlling shareholder, spending 97.8 million yuan, which is suspected of huge benefit transfer.
A listed company plans to spend 5.8 million yuan to buy the proprietress of a second-hand Rolls-Royce, and then continue to use it for the proprietress to use.
It can be said that everyone was stunned by the operation of these two companies, and the appearance was too ugly.
The market was in an uproar.
This is true of publicly traded companies with strict regulations, let alone those that are not listed.
"Everybody's thinking too much." Guan Huang said dryly.
He is not in a position to explain more, but this is indeed the case.
Once some people gain control, other shareholders not only lose their voting rights, but may not even be able to retain the right to earnings.
Wang Guohua explained, "For you, we naturally trust, otherwise we wouldn't have paid so much money, but a system is a system, a good system can turn ghosts into adults, and a bad system can turn people into ghosts." ”
Guan Huang pouted.
The erector is not enough and strategic.
If he wants to make money, there is a method, and that can use such a low-level means.
These people's hearts are higher than the sky, thinking that they have caught Superman's weakness, and they want to do something, and they don't look at what capital they have.
Amusing!
Wang Guohua continued, "Recently, there has been a lot of turmoil in start-up companies, and some people, once they find that the future of the project is bleak, immediately use the money of the original investors to start a new project. After the new project was announced, the old company went bankrupt and the original team started directly. There are also people who use investors' money to buy various products from relatives at high prices, and at the same time hollow out investors, they make a lot of money themselves......"
Guan Huang waved his hand and interrupted him, "Lao Wang, it's not interesting to say this, how can I be like them, I am a good person, you give me the right to vote, don't worry." ”
Wang Guohua was dumbfounded, the words of the good people came out, it seemed that Guan Huang really didn't take them seriously.
This kind of coaxing children......
"Everyone must have no opinion on you, and Superman will have to continue to develop under your leadership in the future......"
Hearing this kind of scene, Guan Huang pursed his lips.
What a thing.
finally understood Dong Mingzhu's anger.
"The more I give you, the more you talk, I gave you 18 billion in two years, you go to see which company gives you so much?"
For these people present, Guan Huang also wanted to say this.
Give you a chance, you won't be useful!