The core of ab shares is actually very simple, which is that the same shares have different rights, and the stocks are divided into two levels: a shares and b shares, namely the separation of voting rights and dividend rights.

There is only one voting right for A shares with external investors, while the B shares held by management have n votes per share. n votes are usually 10 or 20, which makes the founder team have voting rights 10 times or even 20 times their shareholding ratio, thus firmly controlling the right to speak for the company.

This also means that in the future, IPO will only be able to go public in the United States. The domestic system does not recognize the A-share system, and the requirements for listing on A-shares are too high and there are too many terms. Even Luo Sheng would not choose this way.

Luo Sheng came to the time node of the world in 2003. To some extent, he is now in a state of nothing. To start from scratch, to successfully start a business, he needs to introduce venture capital in the early stage.

Under the framework of the ab-share system, Luo Sheng gives Class B shares 20 voting rights. In this way, even if the entrepreneurial management team is not included, Luo Sheng’s personal shareholding ratio is just based on the line where the proportion of Class B shares is not less than 10%, he can have absolute control over the company.

Luo Sheng’s minimum safety warning line for the shareholding ratio is 10%, which means that even if the equity is diluted to only 10%, he can still have more than 68% of the voting rights. Major resolutions on shareholders’ meetings must be passed by more than two-thirds of the votes. Even if Luo Sheng holds 10% of the equity, he actually exceeds two-thirds of the voting rights.

However, as long as Luo Sheng does not make any mistakes, it is impossible to be diluted to such an exaggerated way of financing.

The design of equity structure often determines the future fate of a company, so Luo Sheng will never play house on this issue.

Jobs was expelled from Apple because he did not have enough voting rights because Apple has never had a dual equity system for AB shares.

The benefits of this equity structure can ensure that the management or founder control over the company, ensure that the management's decisions will not be disturbed by shareholders, and prevent malicious acquisitions.

After a while, Luo Sheng continued: "On this basis, I have to have the company's veto power. Such a top-level design can ensure that the company's control is always in the hands of our co-founder team. As the business expands, new partners will be introduced in the future. Then our entrepreneurial team can exercise the voting rights together. If there is a disagreement, there is a person who will finally make a decision, that is me, the veto power."

A veto means that any resolution at the shareholders' meeting can be rejected with one vote and will not be passed.

Xu Yong complained: "Do you want to do it so serious and formal?"

"If you play the real thing, you have to be serious and rigorous. Do you have any opinions on this distribution?" Luo Sheng said.

It is worth mentioning that Luo Sheng’s family is much better than Xu Yong. He is a high-income family. His father is a middle school music teacher, while his mother is a top professional lawyer. He is a senior foreign-related legal consultant in many large multinational corporations.

Xu Yong expressed no objection.

It was roughly determined.

In the afternoon, Luo Sheng and Xu Yong sorted out a piece of materials and skipped class again. It was not the first time that they did such a thing.

Talent is sometimes very annoying. Even if you skip classes every day, your grades are better than those who study hard. Perhaps this is one of the reasons why no one plays with him.

I naturally skip class and register a company because it takes more than two people and the process is very fast, but canceling the company is a little troublesome.

The full name of the company is "Shencheng Blue Star Technology Science and Technology Co., Ltd." is referred to as "Lan Star Technology". It is logically a registered joint-stock company, but in fact it is "one person limited company", which is 100% owned by Luo Sheng. Because the registered joint-stock company requires more manpower, it must also establish a board of directors and a board of supervisors. Now they are the two of them, it will definitely not work.

In the future, after financing, you will then carry out shareholding reform, and the equity structure will become an a-share system.

Luo Sheng didn't tell his family this time that he didn't have to think about it, and he would definitely not agree unless he made a name for himself.

The registered capital of Blue Star Technology is 220,000 yuan. After completing the entire process, the two returned to school, but did not go to class. For Luo Sheng, it was a waste of time.

...

407 dormitory.

"The company started its business and currently has only a registered capital of 220,000 yuan. I have to save some money, so the dormitory will be our office base for the time being." Luo Sheng glanced at the computers of the two. This was the core equipment, perfect.

Xu Yong was gradually interested in starting a company by himself, and immediately said, "Let's talk about what our company should do. There are Yahoo abroad and four major portals in China. There are Google and Baidu outside the search engine, MSN outside the instant messaging, Tengxun QQ inside the ICQ, and Ali inside the e-commerce outside the Amazon... So, what do we do?"

Everything that the Internet industry can do seems to have been occupied. There is a giant in all kinds of models that cannot be surpassed like a mountain. Xu Yong really can't find where Blue Star Technology can start.

His vision is only limited by the times. For Luo Sheng, the development of the Internet in this world is no different from being in a wilderness era in his eyes, but there are more areas to explore.

When he was writing the synapse software, he had already figured out what to do and had an extremely clear plan.

Starting from social networks, Xiaozha took the lead in developing the faebook model before. Now this time point is just right. If it is a little later, there will be no chance.

Luo Sheng said simply and clearly: "Live local materials, let's start with school."

"What?"

When Xu Yong heard this, he looked at him inexplicably. Luo Sheng said, "It is actually very simple to do a successful career. Promote some solutions to help people solve corresponding problems. Then look for problems first. There is a very common problem in universities right now. Take our regaining as an example. It is almost impossible to find their corresponding photos based on people's names alone."

"All the school dormitories have personal directories, some are printed, some are online, but most of them have only one dormitory to check. So, we should solve this problem, why not develop a unified online version? A little more broadly expand our vision and expand from our school to universities across the country and even the world?"

Xu Yong: "What are you waiting for? Let's do it!"

Do it as soon as you think of it.

The two immediately started to do it, first writing a new version of a personal name that can be viewed online, and then spent 60 yuan to register the domain name right of the website called "bluespae." for two years.

bluespae, which means blue space, can be called blue club, blue space, or blue space in China.

As time passes by minute by minute, Luo Sheng is responsible for programming. He has been thinking about the optimization diffusion development algorithm for a period of time, and is responsible for registering a domain name architecture website with Xu Yong and developing a new version of a unified online personal name development.

The program code is written very quickly. At the speed of the two of them, the new version can be launched in one night.
Chapter completed!