Chapter 136 Fair Settlements
Xue Ming was greatly moved because Li Zhaokai had never even mentioned this kind of thing. He always "hopefully you to join the company after the holiday", so this way.
"Then if you really dare to recruit me, I really dare to buy it. You are not afraid that I will give you a few days of salary in vain. Say goodbye to you after the holiday? If I cheat on you, you will have to pay as much money according to the labor law."
"It's okay, I can afford to pay 10,000 or 20,000 yuan. You are such a big bull and don't care about reputation, what am I afraid of? Let's talk about salary and terms."
"Is the salary? Pengfei is willing to give me 95K a month, 13 yuan a year, and there is another bonus."
“Where is the option?”
Xue Ming scratched his head. The options matter was very awkward because Li Zhaokai's current financing status was very awkward. He no longer dared to issue options. He could activate various terms that were unfavorable to Li Zhaokai at any time.
"Then let me talk about my conditions. As a self-media company, our company has an angel round of 10 million. Currently, the A round valuation given by Daxia Fund is 50 million, but I didn't agree. If I agree, I can raise it at any time. However, I am quite ambitious and the company's situation is also very good. If you watch the video, I do think that our A round valuation should be at the billion level, and I am serious."
Xue Ming had to laugh politely without losing his embarrassment.
But Chu Yuanxi didn't feel embarrassed. He first briefly explained the development strategy of the self-media company, including the gameplay and expectations of "Come in Troubled Times". After Xue Ming understood it, he continued: "The financing terms I can accept in the future are basically like this: multiple incentive conditions for betting in one round of financing."
Xue Ming smiled self-deprecatingly: "I have some common sense about financing, after all, I also have the possibility of starting a business."
This means that Chu Yuanxi doesn't need to explain and try it, but Chu Yuanxi still needs to explain, because generally the terms that Chu Yuanxi conceived will not appear.
"Assuming that the company's A round valuation is 1 billion, investors invest 200 million cash, and the face value per share is one yuan, and a total of 1.2 billion shares will be 1.2 billion shares after financing. Then when the annual average profit in the next three years reaches 400 million, 600 million, and 800 million, the company's equity will automatically expand to 2.1 billion, 3 billion, and 3.9 billion. The expanded shares are used to incentivize the company's shareholders before the A round of financing, which is called the original equity/option. In other words, the bet is completed and the investor will automatically dilute. Of course, if the bet is not completed, we also need to compensate the investor's equity and options."
This clause is difficult for ordinary investors to sign because it greatly squeezes investors' profit margins. But Chu Yuanxi is confident of signing it.
"I...Damn! Wait." Xue Ming had to take out the calculator and press it. He had never seen this method before.
"I'll talk about the specific amount at that time. The number I just made up was casually, but the logic is this logic. The options I can promise you are: the original option worth 5 million yuan, no matter what the total valuation of the original equity option is then. In other words, if the valuation and financing are completed according to my vision and the incentive conditions are all completed, it will expand to about 30 million in the future."
Xue Ming nodded solemnly. He understood it. It seemed very fair and reasonable. He was even likely to make a profit. Because Chu Yuanxi was not talking about the percentage, but directly talking about the amount.
Simply put, the future valuation is floating, but the part given to Xue Ming is fixed. If Chu Yuanxi finally brags and fails to make a billion-level valuation, assuming that only 50 million rounds of valuation is completed and financing is carried out, the 50 million miles will also have to give Xue Ming a 5 million original option. If the total amount of employee options reserved is not so much, Chu Yuanxi will have to pay for Xue Ming out of his own pocket, and Xue Ming is guaranteed to earn money from drought and flood.
This gambling is very powerful, and it also shows Chu Yuanxi's incomparable confidence. Xue Ming finally understood that Chu Yuanxi's 1 billion valuation plan was indeed not a joke! This made him confused.
"Then in the end, I will give you two options. The first is the same as Pengfei's salary conditions, and then give you an option as a bonus, which is about 5 million after financing, not the original option, and will not expand in the A round. Or 50k monthly, 14 salary, and 5 million original options. By the way, there are dividend bonuses for game projects. Of course, you are very clear that no matter how you choose, options have incentive conditions. For others, you will not only have years of service, but also depend on the task completion."
"Can this task be quantified in detail?"
"It's this artificial intelligence task system, nothing else."
"That means that once I complete this AI, I can wait for options on the credit book? You are unreasonable!" Xue Ming's question became even bigger.
"Why is it unreasonable? Do you play games? Do you complete tasks in the game? Should players give rewards after completing them? However, it does not mean that there is only one task for a game, and the game ends after receiving the rewards. You are willing to lie down, but our company will continue to launch a large number of new tasks. If you take on new tasks, you can get more option rewards after completing them..."
Xue Ming slapped his head and said, "Do it! I want this!" It's not that Chu Yuanxi's conditions are so generous. He is so popular for his technicians in an era of full-scale artificial intelligence. He knows very well that even if Pengfei Technology fired 95k's monthly salary, it did not cause any fluctuations.
Relatively speaking, even if Chu Yuanxi's option incentive reaches its best state, the upper limit is expected to be less than 20 million, while the base is only 5 million, which is not the most attractive of all the conditions he faces.
Although the counting units are all millions, this is an entrepreneurial option. Only when a business is successful will it be valuable. If it fails, it will take several years to get it even if it succeeds. Therefore, for a technical expert, if there is no large amount of option, it must be given attractive salary and bonuses, otherwise it will be unattractive.
However, Chu Yuanxi made him feel very fair from beginning to end, and this sense of fairness was something he hadn't seen for a long time. Xue Ming didn't want the boss to be swearing to others, so he wouldn't be able to hold back. What he wanted was such a fair environment, allowing a technician to fully utilize his talents and then get the portion he should have, no more or less.
Chu Yuanxi stood up, stretched out his right hand, his eyes were filled with joy. He felt like he was hit by luck. Li Zhaokai was really amazing. He could actually find a calf like Xue Ming in one night. I really don’t know what channel he found.
You should know that the circle of technical tycoons is very difficult to enter. For small companies, they usually cannot worship the temple with their pig heads. Academic tycoons who are interested in entering the industry are monopolized by big capital. Small companies are obsessed with academics and unintentional industries. Only small companies can occasionally become fish that misses the net.
Chapter completed!