Chu Yuanxi wrote 400+600 on the blackboard.

"I personally invested 4 million yuan in this company as an angel round investment, and then our Creation team was valued at 6 million yuan, so the company's angel round valuation was valued at 10 million yuan."

Then he wrote "stock" after 4 million, "future" after 600, and then drew several lines, and wrote "Chu", "Zhu" and other words on the connection. "4 million is equity, which is exchanged for real money and investment. The valuation of this 6 million is composed of each person's personal valuation and future employee incentives. It is options, not equity. I will talk about the difference between the two later, so let's talk about the quantity first.

This 6 million is 60% of the overall valuation. Zhu Chi is the company's trump card, so options account for 25%. I am the initiator and designer of all projects, and it is irreplaceable, so it accounts for 10%. Jiaotu 5.5%, Sheng Shu 4.5%, and Yang Yuanmei 3%. The rest are included in the employee incentive platform, and you can also obtain the outstanding employees in the future, or you can make outstanding contributions from this part.

We are destined to be a small and beautiful team, and 10% retention is enough. At present, what the company urgently needs is professional video processing talents, and at present, Uncle Sheng can only serve as the position."

Uncle Sheng nodded ignorantly.

Speaking of this, he looked at A Ya and said, "A Ya, because you just chose external corporations, I can't give you options. However, for external corporations, I can still give you an investment right of 200,000, accounting for 2% of the current proportion. It's a little different from options. This will be explained later."

Chu Yuanxi saw Jiaotu unable to control her desire to speak, so she made a downward gesture to him, "Let me talk about the granting and deprivation of options first, this is the most important. The options and purchasing rights given in this right confirmation are all divided into five years of exercise, taking Zhu Chi as an example. Zhu Chi has 25% of options, so after working for a year, he will get 5% of them into equity, and the remaining 20% ​​are still in the option state.

What if Zhu Chi asks to leave the company the next year? It has nothing to do with Zhu Chi. The 5% given has been given, and the repurchase price is paid at half price for a certain round of valuation completed before the resignation time node. However, if it has been listed, it will be completely market-oriented and the company will no longer interfere. This contract is written very clearly, and if you don’t understand, you will take a closer look at the fourth page. Ah Ya’s is a labor contract, which says the right of investment.”

Suddenly, the contract was turned over.

"It's not over yet. If, I mean, what if, someone is fired by me?" Chu Yuanxi stopped and glanced around and found that several of the main owners were confused. Instead, Monica and He Nami looked at him with great fun, and they were typical of watching the fun without much trouble.

"First, N+1 resignation compensation is stipulated by law. Second, the parachute clause, whether the options have been paid or not, the company must repurchase in full according to the previous round of valuation at the time node. This is not Yang Yuanmei, and Yang Yuanmei was opened and only redeemed the options that have been issued. In other words, if I am blind, whoever does not work well after I visited the cottage three times, then I can only accept it. This risk is still relatively high... "

I laughed a little later, and it seemed that I understood this clause, but Yang Yuanmei was unhappy: "Why don't I?"

"Because you are an unplanned person, I didn't invite me to visit the cottage three times." Chu Yuanxi looked like why you asked such an idiotic question.

When running a business, it is more taboo to be absolute fair. For example, new employees and old employees are completely fair, which will lead to disasters, and disasters are invisible when they are formed. However, it is difficult to grasp the degree of artificial creation of "unfairness". If you do it well, it will not cause conflicts to be intensified. This is an intermediate operation in the category of dragon slaying techniques. A general direction is that the so-called "unfairness" must also have laws to follow and logic to speak of.

Chu Yuanxi felt that her understanding of Yang Yuanmei would not only not make her resentful, but also even more powerful, because although she kept saying that Mi Chong would go home and inherit hundreds of millions of property, she was actually a naturally strong person.

"The next thing is dividends. When cash dividends are distributed, the equity part will take the money directly, and it is time to pay taxes. The option part is stored in the company's account and the payment is delayed for two years. If you voluntarily resign within the delayed period, half of the work will be paid, and the other half will be converted into the company's provident fund. If I open it, the full amount will be paid."

"Damn it, I'm going to delay it for two years?" A Ya said suddenly. After saying that, she remembered that it was not a big deal for many years...

"Well, it's just right to delay two years, either long or short." Chu Yuanxi continued: "In the end, the company will raise funds in the future. The financing will dilute the percentage. What I can guarantee is that the valuation of future financing will not be lower than 1 yuan per share, which is the valuation price of this round. If it is lower than 1 yuan, your equity and options will be protected by ratchets. I don't know what ratchets are, and I will continue to say the last one."

As a result, no one opened Baidu and looked at him with his neck stretched out.

"The last thing is that the equity you have obtained is not allowed to exit through transactions before the B round of financing. If you must withdraw, the terms are equivalent to voluntary resignation, which means that the company recovered the issued equity at half price of the previous round of valuation, but the unissued part will not be invalid. In other words, the founder cannot choose a counterparty before the B round of round, and can only repurchase the company. The B round of financing and then can be traded normally at the financing node, but only the part converted into equity can be traded, and options cannot be used.

Finally, I would like to say that it has nothing to do with the contract. Zhu Chi is currently the second in command of our company. When I am not here and when Zhu Chi is there, if I encounter extremely urgent things and cannot contact me on WeChat, Zhu Chi has the right to sign for me. However, Zhu Chi, don’t be happy. Your second in command may be removed by me at any time and replaced by someone else. Okay, I’m done, who has a problem.”

Jiaotu immediately raised his hand: "I-I!"

He Nami sat in the corner and watched these scenes, looking at Chu Yuanxi with admiration. As a business manager, she had participated in several venture capital meetings with Pengfei, but she had never seen Chu Yuanxi as slight as she was.

Most entrepreneurs seem very awkward, while Chu Yuanxi arranged it clearly and well organized, and all terms have basis. If you think about it carefully, these terms take care of the interests of the whole society, and do not favor the company or the individual, and have a strong sense of balance.

When Chu Yuanxi started a business after several days of fermentation in Pengfei Technology, it has become a topic of conversation for employees, and of course it is mostly ridiculed. Although she did not laugh at her, she didn't agree with it. Just that salted fish can still start a business? But when Chu Yuanxi really started a business, she found that, huh? Why is the salted fish suddenly not salty? Is this the rhythm of turning over?

Her interest in Chu Yuanxi was suddenly adjusted.
Chapter completed!