Cutting-edge technology: Starting with individual stealth equipment
Chapter 6 DeepBlue Technology's Equity Structure Arrangement
The next day.
Lin Chuan left Su Qingyue's villa and returned to his own home.
On the way back, Lin Chuan called Jiang Miaolan and asked her to come over.
Jiang Miaolan arrived just a few minutes after I got home.
Lin Chuan went to open the door and saw that it was her. He then turned around and walked into the living room. Jiang Miaolan also went into the house and closed the door behind her.
"I went to see Su Qingyue yesterday, and the company's start-up capital has been secured."
"I told you I came over last night and knocked on your door for ages but there was no response. I also sent you messages all night but you didn't reply. I knew you were with her." Jiang Miaolan walked towards Lin Chuan, staring straight at him and humming.
Lin Chuan sat down on the sofa. "I'm doing this so that you guys can find jobs and not lose your jobs. You have no choice but to do this. You should be grateful to have such a good boss."
"You're getting a good deal and still acting innocent." Jiang Miaolan rolled her eyes at him, then added, "Su Qingyue is full, but I'm still hungry. Now it's my turn, isn't it?"
After saying that, she smiled and slowly walked towards Lin Chuan along the edge of the sofa.
"I just finished a game with her this morning and came back. The stock has been cleared out and I'm restocking. I'll talk to you later."
"Damn it, I'll let you off the hook for now."
With all the inventory cleared out, Jiang Miaolan had no choice but to give up.
After a moment, she asked curiously, "How much start-up capital do you have?"
"I want ten million."
"So many?"
Jiang Miaolan was taken aback. Skyworth Technology had invested more than 60 million yuan in the investment. Although the investment could yield a 6000% profit after Lin Chuan left, it was still below expectations.
After all, the earlier you invest, the greater the risk you take, and the greater the return must be to match the risk.
Then they turned around and gave another ten million. Even in normal financing, the angel round rarely exceeds ten million.
Jiang Miaolan suddenly looked at Lin Chuan with a serious expression: "Tell me honestly, did you use some secret technique that I've never experienced on Su Qingyue? Otherwise, why would she give you so much money to squander every time without batting an eye? It must be something like that."
Lin Chuan glanced at her: "You're too weak. I'm afraid you can't handle it. With your constitution, you'll probably faint."
"What? So happy you'll faint? I can't even imagine how amazing that would be!" Jiang Miaolan's eyes sparkled, and she immediately grabbed his arm and shook it, shouting in a low voice, "No way, I want to experience it today too..."
Lin Chuan pushed her hand away: "Alright, alright, I'll give it to you later. Let's talk business."
Jiang Miaolan beamed with delight: "That's more like it."
Then, Lin Chuan glanced at her and said, "The money will be deposited into my bank account in the next few days. Once the company is registered, Su Qingyue's assistant will come over. You'll need to go and coordinate with her to sign the investment agreement. The procedures still need to be followed."
Jiang Miaolan nodded: "Yes, leave this to me."
It's just that Lin Chuan and Su Qingyue's relationship is unusual, and this 10 million is her personal money, not Shenhong Venture Capital's money.
In normal investment and financing, it's impossible to transfer money first and then sign an agreement later.
In the afternoon, Lin Chuan took Jiang Miaolan to a science and technology industrial park in Xin'an City to look for office space and technology research and development space.
They rented a space that very day to serve as DeepBlue Technology's office.
……
The next day.
Lin Chuan and Jiang Miaolan were in their living room. On the table were some documents, which were the framework of DeepBlue Technology.
Jiang Miaolan looked at the document, then asked, "How many people does the new company plan to hire?"
Lin Chuan thought for a moment and said, "Not for now. Zhang Wei and his dozen or so people are enough for now. We don't need too many people in the initial stage."
Although the initial investment was ten million, Lin Chuan was well aware that the things Deep Blue Technology was going to do next would be very expensive, and he was also paying his employees high salaries, far exceeding those of his industry peers.
Hiring too many people will put a lot of pressure on human resources expenses.
One of Lin Chuan's major characteristics is that he always pays his clients well when they work with him.
It's like a waiter in a store. You pay him a monthly salary of 2000 yuan and require him to always smile and serve customers. But if the shop next door also pays 2000 yuan and doesn't require him to smile, any normal person would choose to work at the shop next door without hesitation.
As Jiang Miaolan flipped through the documents, she asked, "By the way, how should the company's equity structure be arranged?"
Now that he has founded DeepBlue Technology, Lin Chuan has accumulated experience from his previous life and is handling things more maturely. It is very important to distribute profits properly.
Now is the time with the least resistance, so we should properly distribute the benefits to avoid future disputes and conflicts.
Learning from Skyworth's experience, Lin Chuan chose to distribute shares but not control the company's equity structure for DeepBlue Technology. In other words, the equity can be distributed, but the founder holds 100% voting control of the company.
That is, all those who acquire shares must sign a concerted action agreement with Lin Chuan.
Once this agreement is signed, the vote must be in line with Lin Chuan's; if he votes in favor, he cannot vote against, and he must remain aligned with Lin Chuan.
If the founders intend to sell their shares, they and the company have the right of first refusal to repurchase them.
Including the equity transferred by Su Qingyue's angel investment, a concerted action agreement and a right of first repurchase were also signed.
Then, Lin Chuan looked at Jiang Miaolan and said, "15% is reserved as equity incentives to attract core talent in the future."
In both Silicon Valley and China, the ideal range for setting up equity reserves in early-stage tech companies is 10% to 20%. Below 10%, it is difficult to effectively attract core talent, while above 20%, it may excessively dilute the equity of founders and early shareholders, affecting control.
The technology for unlocking hyperdimensional space possesses complete technical capabilities, but it is not a physical object. To realize its practical application, it also requires an excellent team of talents.
Jiang Miaolan picked up a pen and wrote on the blank page on the back of the document, reading aloud as she did so: "15% equity reserved."
After a moment, Lin Chuan continued, "Each of you 15 people will hold 1%, totaling 15% of the original shares. You need to sign a concerted action agreement. If the shares are transferred, I have the right of first refusal, followed by the company's right of first refusal, and then everything else."
Zhang Wei, Jiang Miaolan, Cheng Siyuan, and the other 15 people are the core backbone of Lin Chuan.
When he left Skyworth Technology, they all resigned without hesitation that same day. Lin Chuan didn't even make any promises to them. Moreover, he said that he would come over immediately whenever he started a new business.
Both their loyalty and abilities have stood the test.
They are undoubtedly the core team behind Lin Chuan's second entrepreneurial venture, and the most core founding team members of DeepBlue Technology.
Without a doubt, these 15 people will receive original shares even if they don't invest any money.
Even for reborn individuals, with access to cutting-edge technologies like the Hyperdimensional Technology Library, it's impossible to manage everything on one's own. A loyal and outstanding team is needed to build a strong and successful business.
After Jiang Miaolan finished writing, she looked up at Lin Chuan and asked, "What percentage of equity did Su Qingyue acquire with her angel round investment?"
Lin Chuan replied, "18%."
In the angel round of financing, early-stage technology companies typically offer 15% to 20% equity, which is the current consensus in the mainstream market.
From a financial perspective, acquiring 18% equity is a reasonable range.
However, this angel investor was Su Qingyue, and from Lin Chuan's perspective, he had taken advantage of Su Qingyue.
Because Su Qingyue doesn't have an omniscient perspective, she has no idea that Lin Chuan is a reincarnated person, let alone that he has a high-tech library like the Hyperdimensional Technology Library.
Under these circumstances, Su Qingyue had no idea how far DeepBlue Technology would grow in the future.
Starting a business is usually a risky endeavor, with very few surviving and growing into a giant. Most of them go bankrupt and disappear within a few years.
However, Su Qingyue made the right bet.
Regarding Lin Chuan's departure from Skyworth Technology, such a major decision was made without any discussion. If it were another investor, they would have already broken off relations, and might even have gone to court.
It's absolutely impossible for someone to start a second business and then so decisively give them ten million.
After Jiang Miaolan finished writing, she looked at Lin Chuan and asked, "Is this the confirmed equity structure arrangement?"
Lin Chuan nodded: "That's settled."
Jiang Miaolan turned to look at the data she had written down and said, "You are the largest shareholder of DeepBlue Technology, holding 52% of the shares in the angel round; Su Qingyue is the second largest shareholder, holding 18% of the shares, with 15% reserved in the option pool, and each of our 15 founding team members holding 1% of the shares, totaling 15%."
With the equity structure of DeepBlue Technology settled, the next step is to register the company.
……
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