Chapter 67 Planning

Chapter 67 Planning

Chapter 67 Planning
Song Yufeng decided to use his family assets to start a company without much struggle.

In fact, he had tried the process in Shanghai before, considering building a website, registering a company, recruiting talents, finding an office address...but he soon realized that he couldn't do it alone.

Therefore, I have even more admiration for Yu Xing's ability to build up the company and team so quickly.

However, you can pay money, but you must strive for more shares.

12 accounts for 62% of 19.35. Combined with my own ability and investment, I want to strive to raise the shareholding ratio to 25%!

At the very least, the psychological bottom line must be 22%!

This was what Song Yufeng had planned, but his dream was shattered when he saw Yu Xing in person.

"30%? Are you kidding?" Yu Xing looked surprised.

Song Yufeng quoted a number that allowed for bargaining, and immediately pretended to insist, "It must be 30%. Without 30%, I won't participate! President Yu, do you understand?"

Yu Xing said generously: "Okay, I'll treat you to a meal, please help yourself."

Song Yufeng stood up decisively and took two steps. He didn't hear anyone trying to persuade him to stay, so he could only sit down again in a cowardly manner: "Hey, Mr. Yu, you... I'm so stupid. You still have the guest certificate I got for you hanging around your neck!"

"Yes, so I destroyed your recording." Yu Xing replied.

Song Yufeng: “???”

He was stunned and said, "Is this still part of the same thing? We are all in this same thing! It's a new chapter!"

Yu Xing nodded and said, "Oh, so it's time to put it in order."

Song Yufeng was about to nod, but suddenly stopped. Damn it, how can I compete with this kind of entrepreneur?

He cut his own knife: "12 plus me, 25%!"

Yu Xing said slowly: "How did you calculate the shareholding figures? We don't start a business just by saying it. Are you kidding me today?"

"12 people account for 19.35%, plus my own 5.65%. Isn't 25% a reasonable number?" Song Yufeng gave a reason.

Yu Xing said seriously: "Here is a question. If I add you, are you positive or negative? It's good enough if I don't subtract you."

Song Yufeng said angrily, "Yu Xing, don't turn your face against me. Your advertisement, your participation in the conference, and NetEase, haven't I done enough?!"

"A new chapter." Yu Xing emphasized, "This is a brand new beginning, a new website project. What use are those things you said to the website? Since you want to start a business and emphasize your personal value, may I ask, is there anything worth mentioning about your work experience? Do you have the ability to prove your entrepreneurial experience?"

He knocked on the table with his hand: "Do you think I am a heartless person? Even if I were to do so, I would be willing to use the proportion of investment funds for calculation. Brother Feng, think about it carefully."

Yu Xing stood up and prepared to leave.

Song Yufeng felt that the man surnamed Yu had turned his back on him, but he also inexplicably felt that there was a grain of truth in what he said. Seeing that the man was really about to walk to the door of the store, he quickly chased after him and invited him back.

When they sat down again, he suddenly sighed, "We both stood up just now, why am I the only one who kept you here?"

Yu Xing didn't know whether to laugh or cry: "You thought you were going to buy clothes, you got up here and left someone there."

Song Yufeng sighed, "Okay, then let's calculate it as 20%, no more talk, let's get it done in one step."

Yu Xingde said: "It is calculated based on the specific proportion of the invested funds."

Song Yufeng frowned: "This is the capital ratio. Are you still fussing about this? Isn't it better to have a round number?"

Yu Xing didn't answer, but gave a very determined expression.

Song Yufeng thought about it and decided that he had already broken through the bottom line of 22%, so he could only muffle his words and say, "Okay, 19.35%."

Yu Xing shook his head: "Not 19.35%."

Song Yufeng was surprised and said, "You said it's calculated based on the investment!"

"Yes, but your calculation is wrong." Yu Xing gestured in the air with his fingers, "You underestimated the employee stock options. You should understand this. Your ex-girlfriend's name is this."

Song Yufeng understood instantly.

"Leave 10% for future talents, so the 62 yuan fund accounts for 90%, 62/0.9=68.89." Yu Xing calculated, "12/68.89=17.4%. In the current situation, this is all you have."

Song Yufeng: “…”

This number is getting further and further away from the psychological bottom line.

"Besides, don't worry. I'm still trying to get more funds." Yu Xing advised, "The more funds you have, the easier it will be to start a business."

Song Yufeng asked: "You mean, my shareholding ratio may continue to decrease?"

"The total value of the company is increasing. It's no big deal if your personal share is low. You won't be underpaid." Yu Xing disagreed. "The conditions of this 'Bai Xiaosheng' are much better than those of my Guiai.com. At that time, I even had to raise money to register the company."

"At that time" was three months ago. We really had no money. My junior brother raised 2000 yuan, and asked my junior sister to raise 1000 yuan. In the end, the 3000 yuan we raised was not supported by the policy... Hey, why did my junior brothers and sisters raise money? Didn't I pay at that time?

A trace of confusion flashed through Yu Xing's mind, but he immediately focused his attention back on the situation in front of him.

Song Yufeng said with some entanglement: "I thought I had prepared myself mentally before, but it seems that I was not prepared enough..."

"Think of it this way. It's already relatively good based on the investment." Yu Xing changed his perspective. "If we count the people, how much extra will the company give me? If Zhong Zhiling and Lu Haiying confirm to join, how much will they be given? That's it. I'm already understanding you." Song Yufeng nodded and suddenly asked, "Are Zhong Zhiling and Lu Haiying not sure to come together?"

"I'm not sure yet. Let's wait until the company is sold." Yu Xing said this, and then hesitated. "Lü Haiying should be about the same, but I'm not sure about Zhong Zhiling yet."

Song Yufeng was a little puzzled, those two were a couple...

"The website has been finalized as 'Know-It-All', which has enough memorable and disseminating points." Yu Xing turned the topic to specific matters, "We still have an important label to promote. We will strictly keep the user information confidential and will not leak the information to large companies after being pressured."

Song Yufeng nodded and said, "That's for sure."

Yu Xing glanced at Song Yufeng and said, "What I mean is that even if the website is sued, it must persevere to the end. If it has to hand over information, it will be done in a way that everyone can understand and abide by the final judgment. We cannot go the route of reconciliation."

A company must of course be within the legal framework, but it must be at the bottom line.

Song Yufeng nodded hesitantly, and then asked, "Mr. Yu, you said there are angel investors... If that's the case, then we can't get investment from big companies, right?"

"Brother Feng, your analogy is quite good. If a large company becomes a shareholder, will the company still have an attitude?" Yu Xing said with a smile, "Let's put it this way. If you reject the investment from a large company, you will have to bear the pressure from the large company and possibly the investors. As for the lawsuit, it's actually not a bad thing. If you have a lawsuit, your users will trust you more."

Song Yufeng sorted out this idea: "If our information spreads too widely and a large company sues us, we will not seek a settlement, but only pay compensation. Even if user information is forced to be handed over, it will not be handed over to the large company, but to the government. Ultimately, whether the large company can obtain the information depends on the government's handling."

He frowned and said, "The problem is, even if they didn't get it directly from us, wouldn't it still be the case that the big companies got it? Wouldn't this still undermine the user's sense of security?"

"This is just the most extreme case." Yu Xing thought for a moment, "We can only do everything we can. If a situation is really extreme, I believe everyone will understand. Therefore, we still need a good legal team."

When Song Yufeng heard what Mr. Yu said, he always felt that there was some vague hint in the word "extreme".

He thought about it again and again, and tentatively asked: "If we are really forced to do so, what if we burn the server?"

Yu Xing was shocked.

He was silent for a while: "Just be you, don't say 'we we'."

Song Yufeng was a little unsure of what Mr. Yu meant, so he asked bluntly, "Mr. Yu, just tell me directly, is this okay?"

Yu Xing pondered and said, "You have to ask the legal department..."

Song Yufeng asked again: "Where is the legal department?"

"I'm waiting for you to confess." Yu Xing didn't know whether to laugh or cry. "Don't consider such an extreme situation for now. I know you are a tough guy..."

He suddenly paused. Eh? Is he really that tough?

They all want to "burn the warehouse with fire dragon" to protect user information...

Yu Xing exhaled: "You have to expand the website and its influence first, and then consider this."

Song Yufeng nodded and said with a smile: "Mr. Yu, then I will soon be able to call myself a 'co-founder'."

"You can introduce yourself like this." Yu Xing thought for two seconds, "I'm Song Yufeng, the co-founder of Bai Xiaosheng. Feng means sharp and outstanding... Or, I can just go crazy and do whatever I want."

Song Yufeng smiled, and I wonder what future scene he was thinking of that was worth looking forward to.

However, Yu Xing still encountered some minor obstacles when discussing legal person issues with him.

This continued until the morning of the 23rd when he went to attend the Internet Conference. Yu Xing finally said, "Brother Feng, think about what role you can play besides funds, what resources do you have? What management capabilities do you have? To put it bluntly, is your 12 so important now? Do I really have to have your 12?"

He is at the Jinling International Expo Center with a guest certificate hanging on his chest. He will have the opportunity to go on stage tomorrow afternoon. In front of him are representatives from Internet companies who have arrived one after another.

At this moment, Song Yufeng fully realized what the true meaning of "one thing at a time" was.

Yu Xing added: "Besides, you see, Zhong Zhiling is my junior fellow apprentice, my dear junior fellow apprentice. I let him be the legal representative of the company. So what if you become the legal representative?"

Song Yufeng finally struggled and said, "Then why don't you become one?"

"The greater your ability, the greater your responsibility. You will be able to rescue people in extreme situations." Yu Xing said seriously, "You are the company's last resort, and I am your last resort outside."

Song Yufeng: “…”

He sighed and acquiesced: "Let's go and attend the meeting."

Yu Xing ended the discussion and walked into the security check passage with great excitement.

Soon, both of them saw people they usually saw on the news, the heads or executives of companies such as Alibaba, Penguin, and Baidu.

As Song Yufeng looked at these large companies, his little worries about the legal person disappeared, and a thought came to his mind that the employees of these large Internet companies would be important users of the company in the future, and would be the nourishment for Bai Xiaosheng's rise!

Then, another thought came to my mind: we must pay attention to the construction of the legal team!
He turned his head and saw that Mr. Yu was also looking at the big guys who came in.

Song Yufeng couldn't help but ask: "Mr. Yu, what are you thinking about?"

Yu Xing smiled and shook his head: "I didn't think about anything, just find a seat, it must be at the back."

I just think that the giants are too big, so they should first choose other companies to practice, earn fame, accumulate resources, and expand their influence.

It is necessary to reach the level where “once an institution makes a move, the stock price will know whether it will be good or not”.

(End of this chapter)