Chapter 148 Photo Wall

Chapter 148 Photo Wall

Chapter 148 Photo Wall

Of course, it is not easy to implement the strategy of equal shares but different voting rights in a company. After all, the company's owners must first obtain the approval of investors, which is particularly difficult.

After all, investors are putting up real money. They may not care about the company's operating rights, but they will definitely consider the investment returns. If they don't even have the decision-making power over their investments, how can they ensure that the company's owners can guarantee the interests of shareholders, that is, investors, in the process of implementing the company's development strategies?

Therefore, for An Rusong today, if he wants to effectively promote the strategy of equal shares with different voting rights in the process of attracting investment and accelerating the development of NGN Company to ensure his absolute control over NGN Company, he must do two things well:

First, make concessions to investors, for example, define the shares with higher voting rights held by them as "original shares". Because of their special voting rights, these shares will be subject to different degrees of restrictions in terms of dividends, grants, etc. For example, dividends must be paid later, and when they want to sell, they also need to be paid later.

As for the shares held by investors, they are defined as "dividend shares". Although these shares have weaker voice, they can participate in the company's dividends first. At the same time, they can also be sold or transferred according to the personal wishes of the investors.

This creates a situation where if the company is not doing well, An Rushong, the decision maker, will lose the most money. If the company's stock falls and the prospects are not good, investors can sell their stocks at any time and run away, but An Rushong will have to wait until the last to run away.

With such an agreement, An Rusong and investors can establish mutual trust based on interests. After all, investors invest in NGN only to gain profits, not to buy his company.

Second, An Rusong must prove his ability to investors, or in other words, prove that the development direction he has set for the company is feasible and has great prospects. To put it bluntly, it means telling investors that he, An Rusong, is the most suitable person for the position of chairman of NGN.

To achieve this goal, An Rusong needs a PPT. He needs to show investors his progress plan for the next period of time.

An Rushong was a programmer in his previous life, but not all programmers can make PPT. The so-called "can do" here does not mean whether they can use the PPT software, but whether they can make a beautiful and cool PPT.

An Rushong lacks aesthetic factors and artistic cells, so the PPT he made can only be described as simple. Therefore, when he was negotiating with Macaulay today, he did not prepare a PPT at all. He was ready to improvise on the spot.

In the conference room, the two negotiating parties were deadlocked from the beginning of the negotiations, because An Rusong made the implementation of the equal shares but different voting rights strategy the primary restrictive condition for starting the negotiations. In other words, if the GC Fund did not accept his absolute control over NGN, there was no need to start the negotiations.

When Wen Caiyuan called, she heard a lot of noise on the other end of the phone because the negotiation team brought by Macaulay was in a state of panic.

The strategy of equal shares but different voting rights is not uncommon among listed companies today, but the companies that can truly implement this strategy are those so-called unicorn companies that are quite successful and whose prospects are generally optimistic. To be honest, although NGN's prospects are also optimistic by the venture capital community, they are not that good.

What is the key point? It is simple. In the industry assessments made by various venture capital institutions, the rapid development momentum of NGN is considered unsustainable.

Although NGN Farm is very popular at present and has a significant pulling effect on the development of NGN software, relatively simple web games like NGN Farm are updated and iterated very quickly, and the stickiness of NGN software is relatively weak relying solely on such a large number of accumulated users.

Once another popular game comes out and attracts players from NGN Farm, the popularity of NGN software will naturally be drawn away.

To put it bluntly, a large number of investors in the venture capital circle believe that with the existence of numerous instant messaging software in the world, if NGN software wants to truly stand out, it still lacks a unique traffic point of its own. Before this "point" appears, large-scale investment in NGN companies still carries too great a risk.

Therefore, the negotiations were actually stuck on the second condition that An Rushong had to put forward - he had to prove that the development direction he set for the company was feasible and had great prospects.

On the right side of the long table in the conference room, An Rushong, who was accompanied by only an old Russian assistant, seemed a little alone. Opposite him were six blond-haired and blue-eyed Americans sitting in a row. Macaulay, who was on the left side of the center, also had obvious dissatisfaction on his face.

Today, Macaulay came with real sincerity. He even considered raising the valuation of NGN to 1 million US dollars. In other words, the upper limit of GC Fund's negotiation today was to invest 2000 million US dollars in exchange for % of NGN's shares.

This condition is already generous enough. After all, how long has An Rusong's NGN company been established? You should know that after Facebook went online, its valuation did not expand so fast. It took at least a year for it to take off directly. Don't say that Facebook has a strong competitor. After all, NGN software has more competitors, and all of its competitors are powerful. As a result, Macaulay came with full confidence and sincerity, and happily led the team, but An Rusong welcomed him with a completely unfair pre-condition. This guy is like a tyrant, wanting to completely monopolize the decision-making power of NGN Company.

"An," waving his hands to signal his negotiating partners to be quiet, McCaw said to An Rusong in the calmest tone possible, "Perhaps, you should first listen to our offer, and then consider the issue of unequal voting rights."

Across from him, An Rusong's smile remained undiminished. He glanced at the Americans who were about to lose their tempers and said calmly, "Macauley, we can discuss the issue of unequal voting rights later, but we can also discuss the issue of quotation later. My idea is that if we want to continue our negotiations, you might as well listen to me talk about a new feature that will be launched on NGN in the near future."

He paused and emphasized, "Believe me, this is a simple but epoch-making new feature."

Macaulay turned his head to look at the negotiation assistants sitting on his left and right, and finally spread his hands and said to An Rusong in a helpless tone: "Then show it."

He spoke in English, just two simple words: "show it." Such a simple response showed that he was not actually interested in the "epoch-making" new functions that An Rushong mentioned, and he did not believe this statement.

"No problem, but, Macaulay, although we are friends, we still have to go through the necessary procedures," An Rusong handed over a document and said, "Before I make the corresponding presentation, you need to sign a confidentiality agreement. At the same time, I also want to ask your negotiation assistant to leave here temporarily and relax in the lounge next door."

He also spoke in English, so the remaining Americans could understand him. Therefore, when they heard him say that the meeting room needed to be "cleared", the Americans were very dissatisfied, and the meeting room became noisy again.

These Americans are all white, and they have no respect for people of color. What's more, An Rusong is Korean. Strictly speaking, Koreans are the last-class American citizens, so they naturally don't need to respect them. If it weren't for the fact that Macaulay was the leader of this negotiation, these guys would have cursed him out on the street.

Macaulay frowned and stared at him. After pondering for a long time, he shook his head and said, "Ann, I hope that the so-called new function you showed me is really as extraordinary as you said. Otherwise, today's negotiation will be a complete failure."

After saying this, he took the confidential document, read it carefully, and signed his name at the end.

Afterwards, he whispered a few words with his team and persuaded the remaining people to leave the meeting room.

After several Americans left the meeting room, An Rushong nodded to the Russian assistant beside him. The latter came to life from silence, took out a mobile phone, and took a photo of Macaulay.

Macaulay looked at An Rushong in confusion and spread his hands, as if asking him what he was doing.

An Rusong did not answer directly. He watched the assistant connect the phone to the projection screen, and then said, "Macauley, next, please allow me to show you the new feature of NGN Personal Space, which will be launched after the mid-month update. I named it 'Photo Wall'."

"As the name suggests, its function is to allow NGN software users to upload photos taken with their mobile phones to their personal space. Through the simple three steps of uploading, modifying and publishing, they can share their beautiful photos with all users on the Internet. Through this display, they can make new friends and establish a broad social circle without geographical restrictions."

"This is a modified version of the forum," Macaulay crossed his arms across his chest, disagreeing with An Rusong's statement.

An Rushong did not argue. He gestured towards the projection screen, indicating that Macaulay should watch it himself.

At this time, the Russian assistant had opened a personal space of the NGN software and found an application called "Photo Wall". He then retrieved the photo he had just taken of Macaulay from his mobile phone.

The assistant's phone is a new Nokia N93I. The camera function of this phone is very powerful, using a 320-megapixel Zeiss lens, but to be honest, the photos it takes are just so-so and have nothing to do with beauty.

(End of this chapter)