Apart from Cai Haoyu, the shares of the other two people returned to the level before the departure of Xing Tongxue.
They bought a total of 13,000 shares from Xing Tongxue and divided them equally. Now they are selling them at a high price.
They didn't suffer much loss.
Originally, they had about 13% of the shares. Now, after a year and a half, the part they bought for 6,500 yuan can be financed for tens of millions.
In this difficult period, the two founders are already satisfied.
Cai Haoyu suffered the most, as his dividend rights dropped from 41% to 25%. However, his actual decision-making power increased instead of decreasing.
He still maintained an absolute advantage.
"To be honest, according to the original plan, I would never agree to release so many shares," Cai Haoyu said. In his mind, it was good enough for him and the other two founders to control at least 51% of the shares. But this bottom line was not negotiable for anyone.
"But there are a few things that make me think this situation is acceptable. First, you are not pure capitalists, but programmers who have had the same experience as us and have your own careers. Second, two-fifths of your shares are virtual shares, only requiring dividends. Third, Tang Huang's ideas and understanding of our direction make me feel at ease."
"Personally, I still hope to keep the transfer of shares within 30%. We can reduce the amount of financing. If you insist on controlling 40% of the shares, the price is just one aspect. I hope to leverage your technical relationship and the connections with Baidu and Google."
Meng Fanqi understood his thoughts and said, "I completely understand your ideas. This is not difficult. We can write it in detail in the contract. If we fail to obtain the designated level of publicity resources for you, you can repurchase this portion of shares at the original price, even if their value has changed."
"Google, especially Google, is a world-class giant company. Are you sure that when we have overseas distribution needs later next year, you can take charge?"
Liu Wei didn't mean to doubt anything. He just searched and knew that Meng Fanqi's technical level was extraordinary. But can a technical person, especially an AI algorithm technician, really extend their reach to the game, Google App platform, and even the advertising departments?
These are unrelated departments...
Only Meng Fanqi knew that in a few weeks, after submitting a new version of the recommendation algorithm, Google's net profit for the first quarter of 2014 might increase by more than ten or twenty percentage points.
It could generate tens of billions of dollars in revenue in a single quarter.
By revolutionizing the core revenue sector that accounted for 80% of Google's revenue, wouldn't the Google board of directors treat him as a treasure?
Considering his face, helping a game company with a few channels and a couple of advertisements was nothing. They were all one family, there was no need to be so formal.
With Google overseas and Baidu in China, it could be said that the search engine sector had already been firmly secured.
The importance of product promotion and marketing in the future was self-evident.
Mi Huyou, who was seeking investment everywhere, naturally had ready-made contract terms.
With these terms written into the contract, Cai Haoyu finally adjusted the company's equity for a price of 15 million yuan, selling 40% of the shares.
Compared to 100,000 yuan in 2011 and 1 million yuan in 2012, with the annual income growing at a rate of ten times, it was still optimistic.
Meng Fanqi happily put away the contract. Compared to the income he would receive from Google next year, this one million yuan was not much. It wouldn't affect his future plans.
If he used it directly for investment, how many times would he have to trade it back and forth to turn it into nearly 100 billion yuan in a few years?
Discover the complete story on pawread dot com.
In fact, there were some other companies in their early stages at this time, such as Byte Jump, where Meng Fanqi had worked before his rebirth, as well as Ximalaya and Xiaohongshu.
However, Byte Jump and Ximalaya had already gone through one or two rounds of financing at this time. It would cost several tens of millions at least to enter the game. Meng Fanqi didn't have that much money at the moment.
As for Xiaohongshu, although it was in the initial stage like Mi Huyou, its subsequent financing rounds were more complex and numerous, making it harder to control than Mi Huyou.
Avoiding those capital and fund-related matters would save a lot of trouble.
Returning to more than a decade ago, buying a large amount of shares from a future technology giant for several hundred thousand or one million yuan, and then becoming a billionaire, this idea was a bit naive.
The process of financing these technology companies was full of twists and turns and extremely complex, with many manipulations possible.
Mi Huyou's only investor, Song Tao, was not an unknown person. His SK Network was established in 2005 and was the first mobile internet company in China to be listed in the US. Its platform, Bubble, accumulated billions of users.
The initial games of Mi Huyou received support from this platform.
If he could only provide a small amount of funds without other connections and influence, it would be difficult to really hold onto those shares as the company took off.
The tricks involved were extremely complex. The reason why the company's articles of association needed to specify detailed dividend methods and timing, the proportion of major shareholders' salaries and bonuses, and the loan process was to restrict major shareholders with more than 50% of the shares from squeezing out minority shareholders under various excuses.
They would force minority shareholders to sell their shares or simply transfer the company's core assets through various means, turning the shares in the hands of minority shareholders into worthless paper.In the case of multi-round financing like Xiaohongshu, it's fine in the early stages. However, a few years later when the momentum picks up, if the shareholders have nothing else to offer besides the initial ten million, it would be quite difficult to maintain their shares until 2023.
However, this was not something Meng Fanqi needed to worry about. Although he had no plans to start his own business, with his technical shares and investment operations like acquiring Mihuyou, Meng Fanqi's assets and net worth would leap to the level of billions within a year.
Just after signing the contract, while they were still discussing the company's future and direction, Meng Fanqi's phone suddenly rang. Liu Wei and Cai Haoyu glanced at it, and the three big characters "Li Yanhong" on the screen immediately put them at ease.
Judging from the direct call, his status at Baidu must be extraordinary.
This call was not a coincidence, nor was it a deliberate arrangement.
After Meng Fanqi's presentation on the 7th, Li Yanhong had called him more than a dozen times in the past few days.
Li Yanhong thought Meng Fanqi would return to China soon, but he didn't expect them to stay in Australia for a few more days, so his calls were never answered.
Today, just a few hours after Meng Fanqi landed, Li Yanhong called again.
"Well, you finally came back," Li Yanhong said, his relationship with Meng Fanqi seemed closer after the last filming and pre-emptive profit-sharing incident. "Do you have any free time recently? The government project is counting on you to put out the fire!"
Meng Fanqi deliberately turned up the volume a bit. He didn't put it on speaker, but those who were attentive could still hear clearly.
Cai Haoyu and the others looked at each other, realizing that they had greatly underestimated Meng Fanqi's importance to Baidu.