Chapter 1084 (1/2)
A company with a valuation of tens of billions of US dollars takes out 5% of its shares at a time as an employee's option pool, which is very rare in most industries. It is even rarer for a shareholder to take out so many shares alone.
For most large companies, it's very cruel for all kinds of shareholders to compete with each other. Everyone covers his shares very tightly, and covets others' shares at the same time.
Most of the company's option pools are diluted equally by shareholders. Just like financing, all shareholders sit together and discuss a point, and then all shareholders dilute equally.
If we want to take out 5%, the existing shareholders will take out the 5% according to the existing shareholding ratio, but this is not easy, because it is to let shareholders pay out.
Li Mu has made Muye technology to the present level. Shares and money are not so important. He is a major shareholder himself. After financing, he still has 65% shares. Taking out five points is not a big problem for him, but it will help and promote the future development of the whole 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 giant. For Li Mu, he has earned enough money for several lifetimes, so now for him, it's time to consider how to share the profits.
Taking advantage of the good news of the 33 billion US dollar financing of Muye technology this time, it will be a great boost to the morale of the whole team to formulate the option incentive policy as soon as possible.
The option itself is closely linked to the market value of the enterprise. The higher the market value of the enterprise 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 shares will continue to increase in value, but based on the urgent cash out demand of most employees, we have a rule in our enterprise. Once the employees meet the exercise requirements and decide to exercise cash out, the company will pay the money, buy the options or shares in his hands at the market price, and then renew them Put options pool. ”
Lin Qingya said, ”do you mean to recycle our option pool?”
”Yes.” Li Mu nodded: ”the option pool can't just go out and stay in. In this case, after five points, we need to dilute the equity again. In the future, cash is the most unimportant thing for us, but the less options and shares are divided, so if our employees decide to exercise, we will use the company's funds to buy back options.”
In view of the different living standards, income levels and expenditure demands of each employee, few employees can hold the company's options or shares continuously for several years without considering the exercise cash. Most employees will exercise in a short time after the exercise is allowed, and get the cash first. In this case, the company will pay for the options to be bought back Come on, the employees who got the options got the real money and silver, and the company's option pool was replenished again. For the new employees in the later stage, the total amount of the option pool has enough guarantee.
Set the operation mode of the option pool as a cycle. In the future, what drives the continuous operation of the option pool is not the scarce equity, but the cash, which is more beneficial to the long-term development of the company in the future.
Although Li Mu is willing to share profits, there is a certain degree in the end. If his shares continue to dilute, he may eventually lose the control of the enterprise, which he cannot accept at this stage. If he is going to be a certain age and decides to retire, he can hand over the control of the company. At that time, he can also gradually cash out his shares , fully enjoy life, but before that, Li Mu still needs to guarantee absolute control over his own enterprise.
Having settled the option issue, Li Mu told Lin Qingya to immediately make the current option allocation rules, and then arrange a special person to make relevant announcements to all employees of Muye technology. He was ready to return to China. The last thing before he left was to put forward the concept of ”centralization” Ben.Clarkson Take it.
……
When Ben.Clarkson When he came to Muye technology as promised, he was very worried all the time.
The reason for his uneasiness is that he really adores Li Mu more than all his peers, Ben.Clarkson Li Mu's entire entrepreneurial history has been studied in depth, and the deeper the research is, the more he admires Li Mu.
Most let Ben.Clarkson What's amazing is that in the process of high-speed advancement, Muye technology has never made any mistakes, and almost always takes the best route with the fastest speed, which is really admirable.
After years of development, the Internet industry has gradually formed a number of relatively mature segmentation fields. For each segmentation field, it is an extremely huge and complex maze, and Li mugei Ben.Clarkson It's like a special functional person who can cross the wall, rush into every field quickly, and pass the customs with the fastest speed, thus changing The existence of state order, Ben.Clarkson Li Mu is the only one in my mind.
Lin Qingya Ben.Clarkson Take it to Li Mu's office and stand outside, Ben.Clarkson My heart almost jumped to my throat.Although he didn't know why Li Mu would take the initiative to invite him to come over for a chat, he was very clear in his heart that Li Mu, such a busy person, could invite himself to come over for a chat, he must have read the article he wrote.
Right here Ben.Clarkson When trying to figure out what Li Mu's real purpose is, Lin Qingya has knocked on the door of Li Mu's office, and then made a gesture of asking for help Ben.Clarkson Advanced.