Rebirth in a Perfect Era Chapter 1084: Two positions
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An enterprise with a valuation of tens of billions of USD, and an option pool of 5% shares at a time is very rare in most industries. It is even rarer for a shareholder to take out so many shares alone.
For most large companies, the scramble between various shareholders is very cruel. Everyone is extremely strict about their own shares, and at the same time covets the shares of others.
Most of the company ’s option pools are diluted equally by shareholders. Just like financing, all shareholders sit together and after discussing a point, all shareholders are diluted equally.
If you want to take out 5%, then the 5% will be taken out by the existing shareholders according to the existing shareholding ratio, but this is not easy, because this is to let shareholders pay out.
Li Mu has achieved Muye Science and Technology today, and shares and money are not so important. It is itself a major shareholder. After financing, it still has 65% of the shares. Taking out 5 points is not a big problem for him. , But will greatly help and promote the future development of the entire enterprise.
In the future, the valuation of the Taobao network will not be lower than Muye Science and Technology. If Taobao Logistics is added, I am afraid that it will become a bigger monster. For Li Mu, he has already earned enough for many lifetimes. Money, so now it ’s time for him to think about how to distribute profits.
Taking advantage of the good news of this Muye Science and Technology33 billion USD financing, stepping up to formulate an option reward policy will greatly increase the morale of the entire team.
The option itself is closely linked to the market value of the enterprise. The higher the market value of the enterprise in the future, the more rewards the employees who hold the option will get.
Afterwards, Li Mu told Lin Qingya: "In the future, our options and stocks will continue to increase in value, but based on the fact that most employees have more urgent cash-out needs, we have a rule within our enterprise. Once the employees meet the exercise requirements, they decide Exercise cash, then the company pays for the options or shares at his market price, and then reinvests in the option pool. "
Lin Qingya said: "Do you mean to cycle our option pool?"
"Yes." Li Mu nodded: "The option pool can't just go out. In this case, after five points are divided, the equity must be diluted again. In the future, cash is the most irrelevant for us. Things, options and shares are getting less and less, so if our employees decide to exercise, we will use the company's funds to buy back options. "
In view of the different living standards, income levels and expenditure needs of each employee, few employees can continue to hold the company ’s options or shares for several years without considering the exercise of cash, most of them Employees will exercise their rights in a short time after they have exercised their rights. They will get the cash first. In this case, the company pays for the options and the employees who get the options get real money. The company ’s option pool It has been replenished again, and for new employees in the later period, the total amount of the option pool is adequately guaranteed.
Set the operation mode of the option pool as a cycle. In the future, what drives the option pool to continue to operate is not sparse equity but cash, which is more beneficial to the company's future long-term development.
Li Mu although is willing to distribute profits, but in the end there is a certain degree. If the shares in his hands are continuously diluted, he may eventually lose control of the enterprise. This is what he cannot accept at this stage. If it will come to a certain level When you decide to retire, you can hand over the control of the company. At that time, you can gradually cash out your own shares and thoroughly enjoy your life. However, before that, Li Mu also needs to guarantee absolute control of your company.
After ordering options, Li Mu explained to Lin Qingya to immediately formulate the current option allocation rules, and then arrange for a special person to make relevant announcements to be announced to all employees of Muye Science and Technology, and he himself is ready to return to China The last thing before leaving is to take Ben. Clarkson who proposed the concept of "centralization".
......
When Ben. Clarkson came to Muye Science and Technology as scheduled, his heart was always very anxious.
The reason for the anxiety is because he is indeed right Li Mu There is more than all the people in the same industry worship, Ben. Clarkson once Li Mu's The entire history of entrepreneurship has been studied very deeply, and the deeper the research, the Li Mu The more I admire.
What surprised Ben Clarkson the most is that Muye Science and Technology made no mistakes in the process of high-speed advancement, and has almost always taken the best route at the fastest speed. This is really admirable.
After years of development, the internet industry has gradually formed a number of relatively mature subdivisions, and for each subdivision, it is an extremely large and complex maze, and Li Mu gives Ben. Clarkson the feeling It's like a special person who can pass through the wall and quickly rush into each field to clear customs with the fastest speed. In this way, Ben. Clarkson only has Li Mu in mind.
Lin Qingya took Ben. Clarkson to the Li Mu's office and stood outside the door. Ben. Clarkson ’s heart almost jumped into his throat.
He although did not know why Li Mu would take the initiative to invite himself to come over to chat, but he knew very well that a busy person like Li Mu, who could specifically invite himself over to chat, must have read the article he wrote.
Just when Ben. Clarkson figured out what Li Mu ’s real purpose was, Lin Qingya had knocked on the door of the Li Mu office, and then made a gesture of asking to make Ben. Clarkson advanced.
Ben. Clarkson hesitated a little and walked in nervously, and at the moment Li Mu was sitting at his desk, looking up to see Ben. Clarkson, he could n’t help but rush to surprise, dreaming didn't expectBen.Clarkson was actually A muscular man with a burly figure.
Li Mu thought that Ben. Clarkson, Chief Editor, a well-known IT magazine, must have been born in internet. The overall feeling should be like Bill Gates. He is very angry with his glasses. He usually looks a little stupid when he looks outside.
And Ben. Clarkson himself is not only a strong muscular man, but also doesn't wear glasses. His sturdy arm has a big slap tattoo and a little girl's head.
Lin Qingya walked in behind Ben. Clarkson and introduced to Li Mu: "Chief Li, this is Mr. Clarkson."
Finally, he said to Ben. Clarkson: "Mr. Clarkson, this is Chief Li, Li Mu."
Ben. Clarkson said very excitedly: "Hello Chief Li, I have admired you for a long time, and I finally have the opportunity to meet real people today!"
Li Mu said politely: "Mr. Clarkson, I have also admired you for a long time. I have read all your recent articles and blogs. Your understanding of internet is the strongest among all I have seen."
Ben. Clarkson said in a very modest way: "Mr. Li Mu praised me so badly. To describe it with an idiom of China, I am all talking on paper. Compared with your actual entrepreneur, you are too far behind. Now. "
Li Mu smiled slightly and said, "Talking on paper is useful for talking on paper. If talking on paper is wrong, it will definitely have no value, but if you can find the real key points, then talking on paper is like planning. All large-scale battles are real. Commanders are not on the front line, or even thousands of miles from the front line, but precisely because they understand and grasp the key points, they can give them insight into the overall situation and fight a war involving countless people. "
Ben. Clarkson nodded and smiled: "You are right."
Li Mu asked Ben. Clarkson: "What did Mr. Clarkson do before joining" Silicon-Valley-Magazine "?"
Ben.Clarkson said: "Before that, I was doing product development in Apple. After Jobs left, I joined Cisco and was also doing product development."
Li Mu said in surprise: "How can product development become a magazine Chief Editor? Is this span too big?"
Ben. Clarkson said with a smile: "It sounds like this, in fact, I mainly tried to write columns for some technology IT magazines when I was in Apple, and wrote, and found that I like to be an industry commentator. So when I was in Cisco, I found an opportunity to interview with the magazine. The other party was very satisfied with each other, and the salary and benefits were all good. I agreed. "
Li Mu nodded and smiled: "It seems that your experience in the industry is still very rich. In the past few years as an industry commentator, have you ever felt bored over time? Did you have the idea of returning to the front line? ? "
Ben. Clarkson sighed and said: "I honestly say that from my heart, I do have the idea of going back to the front line. The commenters have done too long and have seen too much success. With failure, I always feel like I am very experienced and ca n’t wait to prove my current ability. ”
Speaking of this, Ben. Clarkson paused and said: "However, considering another dimension, I feel that I have been out of touch with the industry for too long, and my practical ability must be very weak. Many times my mind is very clear. There are also ideas, but I am afraid that there will be problems in the execution side, just like the author. The same story, Hemingway wrote "Old Man and the Sea", and writing it with poor penpower may be a boring and boring article. "
Li Mu said: "I very much agree with what you said. Theory and ideas are to be realized by strong execution. Both are indispensable."
Ben. Clarkson smiled and said: "So I think that I may not be too suitable to return to the front line of the internet industry. What I can be sure now is that I have a bit of industry analysis ability, but the rest are still all Is unknown. "
Li Mu nodded his head, looks atBen. Clarkson, said seriously: "Have you ever thought about, under the team cooperation mode, your analytical ability to the industry, can also come to landing through the other end of the team?"
Ben. Clarkson asked curiously: "Chief Li, what do you mean?"
Li Mu said: "I invite you to come today, there are two positions I hope you will consider together."
Ben. Clarkson subconsciously asked: "Which two?"
"Chief Editor of YY network IT channel, and general consultant of Muye Science and Technology strategic research office!"