Salted Fish’s Self-help Strategy

　　 Chu Yuanxi wrote 400+600 on the blackboard.

　　 "I personally injected 4 million yuan in this company as an angel round investment. Then, our creation team was valued at 6 million yuan, so the company's angel round was valued at 10 million yuan."

　　 Then he wrote "share" after 4 million, "period" after 600, and then drew a few lines, writing "Chu", "Zhu" and so on after the connection. "4 million is equity, which is obtained from real money and silver investment. And this 6 million valuation is composed of everyone's personal valuation and future employee incentives. It is an option, not an equity. The difference between the two is my Let's talk about the quantity first.

　　 This 6 million is 60% of the overall valuation. Zhu Yan is the company's trump card, so options account for 25%. I am the initiator and designer of all projects, and it is irreplaceable, so I account for 10%. Jiaotu 5.5%, Uncle Sheng 4.5%, Yang Yuanmei 3%. The rest is included in the employee incentive platform, which can be given to future outstanding employees, or you can make outstanding contributions from this part.

　　 We are destined to be a small and beautiful team, 10% reservation is enough. At present, what the company most urgently needs is professional video processing talents. Currently, Uncle Sheng can only hold this position concurrently. "

Uncle 　　 Sheng nodded ignorantly.

Having said that, he looked at Aya and said, "Aya, because you chose an external link just now, so I cannot give you options. However, I can still give you 200,000 investment rights for external objects. It accounts for 2% of the current ratio, which is a little different from options. This will be explained later."

Chu Yuanxi saw that Jiaotu couldn't help but wanted to speak, and made a gesture of pressing down on him, "Let’s talk about the granting and deprivation of options first. This is the most important thing. The options and purchase rights granted this time are divided into two parts. Five years of exercise, take Zhu Yan as an example. Zhu Yan has 25% of the options, and after working for a year, he will get 5% of them converted into equity, and the remaining 20% ​​will still be in option status.

　　 What if Zhu Wei asks to leave the company in the second year? The 20% that is not given is automatically transferred to the employee incentive platform, which has nothing to do with Zhu Yan. The 5% already given will be repurchased by the company, and the repurchase price will be paid at half the price of a certain round of valuation completed before the departure time. However, if it has been IPO, it will be completely market-oriented and the company will no longer interfere. The contract is very clear, and if you don’t understand, look at the fourth page carefully. A dumb is a labor contract, and it says investment rights. "

　　 Suddenly, the contract was flipped down below.

"It's not over yet. If, I mean, if someone is fired by me, what should I do?" Chu Yuanxi stopped and glanced around and found that several principals were very daunting, but Monica and He Nami. Looking at him very playfully, it's not too big to watch the fun.

"First, N+1 resignation compensation is stipulated by law. Second, the parachute clause, regardless of whether the option has been paid, the company must repurchase in full in accordance with the previous round of valuation at the time node. Yang Yuanmei does not have this one. Yang Yuanmei was opened to only redeem the options that have been issued. In other words, if I am blind, and whoever is invited by me to come here and does not work well, then I can only admit it. This risk is still relatively large, uh..."

　　 There was a burst of laughter. It seemed that I understood this clause, but Yang Yuanmei was upset: "Why didn't I?"

　　 "Because you are an unplanned person, I didn't invite me to visit the cottage." Chu Yuanxi looked at why you would ask such an idiot question.

　　 One of the more taboos when doing business is absolute fairness. For example, new employees and old employees are completely fair, which can lead to disasters, and disasters are invisible when they occur. However, the degree of artificial “injustice” is more difficult to determine. If you do a good job in the spring weather, you may not intensify the contradictions. This is an intermediate operation in the category of dragon slaying. The general direction is that the so-called “injustice” must also be followed. , There is logic at all.

Chu Yuanxi felt that her understanding of Yang Yuanmei would not make her feel resentful, but would also become even more unfair, because she kept saying that when the rice insects went home and inherited hundreds of millions of fortunes, Chu Yuanxi felt that her understanding of Yang Yuanmei would not make her feel resentful. In fact, he is born to be strong.

"Next is dividends. When cash dividends are distributed, the equity part is directly paid, and the tax should be paid. The option part is stored in the company's account and the payment is delayed for two years. If you voluntarily resign during the delay period, half of the payment will be paid, and the other half will be transferred to the company Provident fund. If it was opened by me, it will be paid in full."

　　 "I'm going to delay for two years?" Ah Yu said fiercely, and then remembered how many years of delay, nothing happened...

"Well, a delay of two years is not long, not short." Chu Yuanxi continued: "Finally, the company will raise funds in the future. The financing will dilute the percentage. I can guarantee that the valuation of future financing will not be less than 1 yuan. Per share, that is, the valuation price of this round. If it is less than 1 yuan, your equity and options will be protected by ratchet. I don’t know what the ratchet Baidu is, I will go on to the last one."

　　 As a result, no one opened Baidu, they craned their necks and looked at him.

"The last item is that you are not allowed to withdraw through transactions before the B round of financing ~ www.ltnovel.com~ If you must withdraw, the clause is equivalent to voluntary resignation, that is, the company will be recovered at half the price of the previous round of valuation. The issued equity, but the unissued portion will not be voided. That is to say, the founder cannot choose the counterparty before the B round, but the company can only repurchase it. The B round financing and afterwards can be normally traded at the financing node, but the transaction can only be converted to For the equity part, options are not allowed.

　　 One last sentence has nothing to do with the contract. Zhu Yan is currently the second-in-chief of the company. When Zhu Yan is away when I am away, if there is an extremely urgent matter and I cannot be reached via WeChat, Zhu Yan has the right to sign for me. But, Zhu Yan, don't be happy, your second-in-chief position may be replaced by someone else at any time. Okay, I'm done, who has the problem. "

　　Jiaotu immediately raised his hand: "I—I!"

　　 He Nami sat in the corner and watched this scene, looking at Chu Yuanxi with admiration. As a business manager, she has participated in several venture capital conferences with Pengfei, but she has never seen such a heavyweight as Chu Yuanxi.

Ordinary entrepreneurs seem to be very jerky, but Chu Yuanxi’s arrangements are clear and organized, and all the terms are based, and after thinking about it carefully, these terms take care of the interests of all, and are not biased towards the company or the individual. The sense of balance is very great. Strong.

　　 When Chu Yuanxi started a business in Pengfei Technology, after a few days of fermentation, it has become an employee's talk, and of course it is mostly mocked. Although she didn't ridicule, she didn't agree with it, that salted fish can still start a business? But when Chu Yuanxi really started a business, she found out, huh? Why is the salted fish suddenly not salty? Is this the rhythm to turn over?

　　 Her interest in Chu Yuanxi was immediately adjusted.

　　 On the other side, Jiao Tu could not wait to stand up, ran to his line in front of the blackboard, and asked: "Did you make a mistake about Brother Chu?"