Chapter 1084 2 Positions

It is very rare in most industries for a company with a valuation of tens of billions of dollars to take 5% of its shares as an option pool for its employees. It is even rarer for a single shareholder to take out so many shares.

For most large companies, the competition among various shareholders is very cruel. Everyone is very strict about their own shares, and at the same time covets other people's shares.

Most companies' option pools are diluted proportionally by shareholders, just like financing. All shareholders sit together and discuss a point, and all shareholders are diluted proportionally.

If you want to take out 5%, then the 5% will be jointly taken out by the existing shareholders according to the existing shareholding ratio, but this is not easy, because this is to let the shareholders pay out.

Li Mu has made Muye Technology what it is today. Shares and money are not so important. He is a major shareholder himself, and he still has 65% of the shares after financing. It is not a big problem for him to come up with 5 points, but It will greatly help and promote the future development of the entire enterprise.

In the future, Taobao's valuation will not be lower than that of Muye Technology. If Taobao Logistics is added, it will become a bigger monster. For Li Mu, he has already earned enough money that he can't spend in his lifetime. , so now it is time for him to think about how to divide the profits.

Taking advantage of the good news of the $33 billion financing of Makino Technology this time, it will be a huge boost to the morale of the entire team to quickly formulate an option incentive policy.

The option itself is closely linked to the market value of the company. The higher the market value of the company in the future, the more returns the employees who hold the option can get.

Later, Li Mu said to Lin Qingya: "In the future, our options and stocks will continue to increase in value, but based on the urgent need of most employees to cash out, we have a rule within our company. Once employees meet the exercise requirements, they decide to exercise their options. Cash out, then the company will pay for the options or shares in his hands at the market price, and then put them back into the option pool.”

Lin Qingya said, "You mean to recycle our option pool?"

"Yes." Li Mu nodded: "The option pool can't just be out but not in. In this case, after the five points are over, the equity will be diluted again. For us in the future, cash is the least important thing, options. And the shares are getting smaller and smaller, so if our employees decide to exercise the options, we use the company's funds to buy the options back."

Given that each employee's living standard, income level, and spending needs are different, very few employees can hold options or shares in the company for several years. After allowing the exercise of the option, exercise the option in a short period of time, and get the cash first. In this case,

The company paid for the options, and the employees who got the options got real money, and the company's option pool was replenished again. For the new employees in the later stage, the total amount of the option pool was sufficiently guaranteed.

The operation mode of the option pool is set as a cycle. In the future, what drives the continuous operation of the option pool will not be scarce equity, but cash, which will be more beneficial to the company's long-term development in the future.

Although Li Mu is willing to share profits, he has a certain degree. If the shares in his hands are constantly diluted, he may eventually lose control of the company. This is something he cannot accept at this stage. If he reaches a certain age in the future, If you decide to retire, you can hand over the control of the company. At that time, you can also gradually cash out the shares in your hand and enjoy life completely, but before that, Li Mu still needs to ensure absolute control over his own business.

After ordering the options, Li Mu explained that Lin Qingya immediately formulated the current option allocation rules, and then arranged for a special person to formulate relevant announcements and announce them to all employees of Muye Technology, and he himself was ready to return to China. The last thing before leaving is to take down the one who proposed the concept of "centralization".

...

When he came to Muye Technology as promised, he was always very anxious in his heart.

The reason for his apprehension is because he really admires Li Mu more than anyone in the industry. He once conducted a very in-depth study of Li Mu's entire entrepreneurial history, and the more in-depth the research, the more he admires Li Mu.

The most amazing thing is that in the process of high-speed advancement, Makino Technology has not made any mistakes, 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 feels like a can wear. The superhuman who passed by the wall quickly rushed into every field, and could clear the customs at the fastest speed. Such a perverted existence, Li Mu was the only one in his mind.

Lin Qingya will be brought to Li Mu's office, standing outside the door, her heart almost jumping to her throat.

Although he didn't know why Li Mu would take the initiative to invite him to come over for an interview, he knew very well that a busy person like Li Mu who could invite him over to chat with him must have read the article he wrote.

Just when she was wondering what Li Mu's real purpose was, Lin Qingya had already knocked on the door of Li Mu's office, and then made a gesture of invitation to let him advance.

After hesitating for a while, he walked in nervously. At this moment, Li Mu was sitting in his desk. When he looked up and saw it, he couldn't help being surprised. He never dreamed that he was a burly muscular man.

Li Mu also thought that the editor-in-chief of such a well-known IT magazine must also be from the Internet. The overall feeling should be like Bill Gates. He is very bookish when he wears glasses.

As for myself, not only is he a strong muscular man, but he also doesn't wear glasses. He has a tattoo the size of a palm on his sturdy arm, and the head of a little girl is tattooed.

Lin Qingya walked in behind Zai Zai and introduced to Li Mu, "Mr. Li, this is Mr.

After that, he said to him again, "Sir, this is President Li, Li Mu."

He said very excitedly: "Hello Mr. Li, I have admired you for a long time, and today I finally have the opportunity to meet the real person!"

Li Mu said politely, "Sir, I've admired you for a long time. I've been reading all your recent articles and blogs. Your understanding of the Internet is the strongest I've ever seen."

He said very modestly: "Mr. Li Mu is wrong. To use an idiom in Huaxia, I am just talking about soldiers on paper. Compared with the actual entrepreneur like you, it is really far behind."

Li Mu smiled slightly and said: "Talking about soldiers on paper is useful. If talking about soldiers on paper is wrong, it must be of no value, but if you can find the real key points, then talking about soldiers on paper is equivalent to strategizing. In all large-scale battles, the real commander will They are not on the front line, or even 108,000 miles away from the front line, but it is precisely because of their understanding and grasp of key points that they can gain insight into the overall situation and fight a war involving countless people."

He nodded and smiled, "You're right."

Li Mu asked, "What was your job before joining "-Valley-Magazine"?

Said: "Before this, I was doing product development at Apple, and after Steve Jobs left, I joined Cisco, also doing product development."

Li Mu said in surprise: "How can product development become the editor-in-chief of the magazine? Isn't this span too big?"

He said with a smile: "It sounds like this, but in fact, when I was at Apple, I tried to write a column for some technology and IT magazines. I wrote and wrote, and found that I liked being an industry commentator, so when I was at Cisco, I I found an opportunity to interview at the magazine, the other party was very satisfied with each other, and the salaries they gave were all good, so I agreed."

Li Mu couldn't help but nodded and smiled: "It seems that you have a very rich working experience. As an industry commentator for the past few years, have you felt bored over time? Did it make you think of returning to the front line?"

He sighed lightly and said, "I can honestly say that purely from my heart, I do have the idea of ​​returning to the front line. The commenter has been doing it for too long and has seen too many successes and failures. It seems to be very experienced, and I can't wait to prove my current ability."

Having said this, he paused and said: "But if I consider it from another dimension, I feel that I have been out of touch with the industry for too long now, and my practical ability must be very weak. Many times my mind is very clear, and I have ideas, but only I am afraid that there will be problems in the execution, just like the author, the same story, Hemingway wrote "The Old Man and the Sea", if the writing is not good enough, it may be a boring and rotten article."

Li Mu said: "I very much agree with what you said. Theories and ideas are realized by strong execution, and both are indispensable."

He smiled and said, "That's why I feel that I may not be very suitable for returning to the front line of the Internet industry. What I can be sure of now is that I have some ability to analyze the industry, but the rest are still unknown."

Li Mu nodded, looked at it, and said seriously: "Have you ever thought that in the teamwork mode, your analytical ability of the industry can also be implemented through the rest of the team?"

Curiously asked: "Mr. Li, what do you mean?"

Li Mu said, "I invited you to come here today because there are two positions I would like you to consider together."

Subconsciously asked: "Which two?"

"The editor-in-chief of the YY Network IT Channel, and the general advisor of the Muye Science and Technology Strategic Research Office!"