Top of the big era

From a long-term perspective, Zhou Buqi must focus on training Zhang Yiming, Guo Pengfei, Ji Zi'an, Shi Jinglin, Luo Ji, including Zhen Yu, Xue Baoshan, Meng Houkun and others.

This is our own people, brothers and sisters who work hard together.

But in this time period, they are too immature.

Including Zhou Buqi himself.

It is true that he has been a man in two lifetimes and has rich business experience, but he is also slightly incapable of managing a large company. The best way, of course, is to learn from Ali's Boss Ma - using people to do things.

Pick the best people and let them run the company.

I am only responsible for strategy formulation.

This kind of self-knowledge just allowed Boss Ma to make Ali the most successful Internet company in China. What's more, the bosses of other companies are exhausted day by day. For example, the bosses of the other two companies in BAT don't even have vacations all year round. Mr. Li is better. Brother Ma is sick and has to persist every day. Answering work emails at two or three in the morning.

Ma Yun is different, she travels around in a private jet every day. Because of my obsession with martial arts, I have found connections many times and wanted to join the martial arts crew to film TV dramas, such as Feng Qingyang in "Swordsman" and the sweeping monk in "Dragon Babu"...

From time to time, I also taste life with female stars, sit and discuss with qigong masters, spend time and wine with high-ranking officials and princes, and live a very chic life.

It will not delay the development of the company, but also enjoy life like Zhang Chaoyang.

Like Vanke's Wang Shi, they are simply two weirdos in the gangster circle.

Zhou Buqi also thinks so!

Find the most capable person to manage the company, and he will rule.

This is also to find more excellent teachers for Zhang Yiming, Guo Pengfei, Meng Houkun and others, and learn from them for a few years. They themselves are partners and important shareholders.

By the age of twenty-seven or eighteen, you will basically be able to go up to the top level, reaching the level of vice president or even president.

Like Larry Page and Sergey Brin at Google.

When they were students, it was fine for them to lead a team on a small project.

However, to make the company bigger and stronger and go public is beyond the reach of the student team, and more outstanding talents need to be introduced.

He Yang was the senior vice president of Lenovo before. He has been deeply involved in the field of human resources and marketing for many years, and his status in the world is high enough. As long as he is taken down, it is tantamount to helping Ziweixing open the door to enter the high-level talent market.

"If I want to be fully responsible for the company's daily operations, I may not have so much time in terms of human resources, or I need a qualified assistant to help me."

"Okay."

Of course Zhou Buqi agreed, and the main reason for inviting him to Ziwei Star was to use him to help in the recruitment, "Who? Are you poaching people from Lenovo?"

He Yang shook his head.

Naturally, he couldn't go to his old club to poach corners.

"His name is Wang Haiyang, and he is the deputy director of the human resources department of ASUS. He can be regarded as the middle level. I met three years ago when I was studying at Cheung Kong Graduate School of Business. I wanted to lure him to Lenovo, but I tried several times to no avail. ASUS It also sells computers, and Lenovo is considered a competitor, and there is a non-compete agreement, so there is no way to change jobs.”

"People from Treasure Island?"

"No, mainlanders, I went to study there in the 1990s and stayed."

Zhou Buqi said with a smile: "Is this considered the return of talents? It's a good thing, and it can be regarded as a contribution to the country. If you want me to say, you can open your eyes a little bit and focus on the United States and Europe. So many outstanding Chinese are here. Instead of contributing to other countries, it is better to come back and serve the motherland.”

He Yang smiled and didn't answer the question, "What about the salary?"

Zhou Buqi rolled his eyes and glanced at him, "I passed a job title table before, and management positions ranged from M1 to M10, and 10 positions were set up, corresponding to supervisors, managers, senior managers, directors, senior directors, and vice presidents. , Senior Vice President, Executive Vice President, President and Chairman. At present, the highest professional titles of Ziwei Star are the general managers of Youyou.com, Xiaonei.com and Dongfang Micropoint, which are at the M3 level. You can be at the M4 level, with an annual salary of 250,000, and another There are 20,000 options, which can be exercised in 4 years."

He Yang's expression turned ugly.

This treatment is too bad!

He even took the initiative to apply for the job, because he was determined to put down his dignity and face, and was willing to join Ziweixing to assist this college student.

But this salary package lacks sincerity!

What a humiliation!

Zhou Buqi laughed and said: "This is just the normal treatment on the job title form. In order to introduce special talents, I also set up an entry option incentive plan ranging from 100,000 shares to 10 million shares. The option price is 1 cent. At your level, you can directly get 10 million full options. After 4 years, if the company is still alive, you can exercise the option.”

The subtext is, if you leave within 4 years, or get fired for some reason...sorry, bye!

He Yang asked: "How is Ziwei Star's current financial situation? How many shares?"

Zhou Buqi said indifferently: "Conservatively speaking, the valuation of 500 million US dollars is considered low, and the initial plan is 1 billion original shares."

That is to say, among the original shareholders, Polaris Venture Capital, which holds 55% of the shares, holds 550 million shares; Zhou Buqi, which holds 20% of the shares, holds 200 million shares; Zhang Yiming, which holds 12% of the shares, holds 120 million shares shares; Guo Pengfei, who holds 12% of the shares, holds 120 million shares; Wu Hanqing, who holds 1% of the shares, holds 10 million shares.

The new option incentive is not the transfer of shares, but additional issuance.

The more incentive plans are carried out, the more the total share capital will increase, which will gradually dilute the shareholding ratio of several original shareholders.

Now, counting the direct shareholding and the indirect shareholding of Polaris Venture Capital, Zhou Buqi holds a total of 50.25% of Ziweixing, which is too much.

For enterprise management and long-term development, there are great obstacles.

From a mathematical point of view, it seems that the more shares you hold, the more valuable your stocks will be when they go public in the future. But from the perspective of business management, this is not the case at all. If you have more shares, others will have less. If others hold less shares, you will not feel like being in charge of your own business. Instead, you will position yourself as a wage earner, and you will not work hard when you work.

It will lead to the company's development expectations far below the standard.

After the listing in the future, the stock value will be greatly reduced.

In Zhou Buqi's plan, it is to dilute its total share to about 40% before going public. After a wave of listing and financing, the share held has remained at about 30%, which is basically the same.

He Yang calculated quickly in his mind.

$500 million valuation, 1 billion shares... equates to $0.50 per share. But the price of an insider's right is only 1 cent, which is definitely a price of conscience.

The annual salary of 250,000 is incomparable with the 5 million salary offered by Baidu.

But the entry option of 10 million shares is 50 times that of Baidu!

For this level of executives, the amount of salary is not important at all. Not to mention the annual salary of 250,000, even if the annual salary is 20,000, it doesn't matter. Options are the most important consideration in their compensation packages.

Cai Congxin was able to give up his annual salary of 5 million yuan and join Ali with a salary of 800 yuan. Of course, he can also give up the annual salary of 5 million and choose Ziweixing with an annual salary of 250,000.

As long as there is stock.

He Yang thought for a while and asked, "How much additional quota is there?"

Zhou Buqi said: "My plan is to go public around 2015. Before I go public, I can issue 250 million additional shares. Among them, 150 million shares will be used for capital and 100 million shares will be used for talent incentives. option incentives. When the time comes, you will meet with Wang Haoyang, our company’s chief financial officer, to determine a specific plan.”

He Yang was slightly taken aback, "It's a bit small, isn't it?"

Normal Internet companies usually set aside 20%-25% of the option pool to attract talents, and 100 million shares is equivalent to 10%, which is a little less...

Zhou Buqi said: "Zhang Yiming, Guo Pengfei, Ji Zian and others are all important shareholders, and there is no need for a large amount of option incentives. In addition, before the company goes public, some people will definitely leave. For employees who left voluntarily or passively, the company has the right to buy back the options in their hands."

He Yang was silent for a while, "If this is the case, we should be more cautious when recruiting."

Zhou Buqi said with a smile: "50 million shares are used for the introduction of special talents, and 50 million shares are used for normal option incentives. It should not be a big problem before listing."

That being said, he already had a presupposition in his mind.

Before listing, it is very likely that it will not be enough to issue 250 million additional shares for development. The requirements can be stricter in the early stage, so that the company can be more cautious when specifying incentive plans.

He Yang nodded, "If there is no problem, I will contact Wang Haiyang immediately and try to let him join me in the next year."

"How many options to give him?"

"Not more than 1 million shares."

"Will he agree?"

Zhou Buqi smiled.

He Yang was also a little helpless, "I'll persuade him to take a long-term view."

Zhou Buqi said: "One million shares is not a lot, one-thousandth of a share. According to the current valuation, it is also worth 500,000 US dollars."

Valuation is a bubble, a big pie.

He Yang gave a "hmm", then sighed softly, and said in a very embarrassed way: "Now there is one thing that is very troublesome."

"What's up?"

"Baidu."

"Um?"

He Yang said bitterly: "In the past few days, Mr. Li has communicated with me many times. We met four times in private, and even negotiated salary and benefits. According to the original plan, I will go to Baidu this afternoon. Visit, and then sign."

Zhou Buqi almost laughed, "Then what should we do?"

He Yang said helplessly, "Go to the door and apologize."

He showed so much sincerity, took so much time out of his busy schedule to meet him, and talked so speculatively... In the end, he was cut off.

Zhou Buqi thought for a while, and said with a smile: "Then let's go together, we will go to Baidu to meet Mr. Li. By the way, it is the largest Internet company in China, and it should be a long time ago to visit and study. Moreover, Baidu is also our partner."