Huayu: We're asking you to act, and you're playing a superhuman?
Chapter 66 Didi's Equity Structure and Future Development
The cast and crew of the Ancient Sword series quickly finalized their schedule for Happy Camp.
Wang Weili, just as he had planned, did not participate.
Rather than spending time as a background figure on Happy Camp or promoting TV dramas, he prefers to use that time for work.
Since the New Year, Didi Chuxing has experienced rapid and dramatic development.
Although Wang Weili, as the chief strategy officer and board member, does not need to clock in and out every day, he still needs to attend some important meetings and participate in the company's development decisions.
In the morning, right after the board meeting, before lunch, he held a high-level meeting with Chen Kai, Lü Chuanwei, and others.
"Since March, Didi Chuxing has captured 60% of the market share in the Yangtze River Delta region, ranking first in the country! Didi Chuxing in Beijing ranks second..."
Lu Chuanwei presented the industry data on the PPT, reporting on the development of the ride-hailing market since the first quarter.
Wang Weili glanced at the Didi Chuxing logo and already knew what was going on.
"Based on the current situation, I suggest that the company should open up the Pearl River Delta market as soon as possible!"
Lu Chuanwei first looked at Wang Weili, then turned to Chen Kai beside him: "As long as we can take over the Pearl River Delta faster, no matter how much effort Didi puts in later, their market share will never surpass ours!"
"OK! I agree with that."
Chen Kai pursed his lips, looking somewhat unnatural.
Just a few months ago, he was the CEO of a company with only four employees.
Today, the number of employees at Didi Chuxing has risen to nearly 50, but Chen Kai's management skills do not seem to have improved accordingly.
Seeing Lü Chuanwei standing there expectantly, Wang Weili coughed twice: "Mr. Lü, have you made any preparations in advance regarding the plan to open up the Pearl River Delta market?"
"some."
Lu Chuanwei visibly breathed a sigh of relief: "Developing a completely new market requires promotion and marketing. I suggest adopting a combination of elevator marketing and on-the-ground promotion..."
Wang Weili suddenly felt a pat on his arm under the table.
Nodding and glancing to the side, Chen Kai gave him a grateful and relaxed look.
Seeing Chen Kai's increasingly severe dark circles and eye bags, Wang Weili immediately guessed that it was because he was working overtime writing code and communicating with middle management, which led to a lack of concentration.
Everyone wants to be a CEO, but not everyone can be a good CEO.
If someone's abilities are insufficient, forcing them into that position will only harm both themselves and others.
"...I am confident that we will capture 30% of the ride-hailing market in the Pearl River Delta region before the end of the second quarter!"
Lu Chuanwei eagerly provided the task deadline and targets.
He served as CEO of Kuaidi Dache in Hangzhou, and now he has joined Kuaidi Dache as COO, so he naturally feels no pressure at work.
Wang Weili glanced at Chen Kai and asked, "Mr. Lü, are you planning to personally go to the Pearl River Delta region to develop the market?"
"This is just my personal opinion. If a more suitable candidate is found, I would be willing to stay and assist President Chen in managing the company..."
Lu Chuanwei spoke politely, but his words implied that he was the only one capable of doing it.
In terms of ability alone, he is indeed the most suitable candidate, and he also has the idea of making achievements in the new company as soon as possible so that the board members will remember him.
During his first month at Didi Chuxing, Lü Chuanwei recognized Chen Kai's novice status and understood the company's immense potential.
Capable people are ambitious and generally unwilling to be subordinate to others.
If Chen Kai can keep Lü Chuanwei in check, then he will be the most capable right-hand man; if not, then as the company grows and expands, the board of directors will naturally find out who is the most suitable to manage the company.
Wang Weili gave Lü Chuanwei a deep look and nodded slightly.
"Regarding the specific candidate, Mr. Chen and I will discuss it further. Is there anything else you need to report?"
"No, I'll head out now?"
Lü Chuanwei was quite perceptive; after giving his report, he voluntarily withdrew.
Only after his figure disappeared from the frosted glass did Wang Weili turn to look at Chen Kai.
"How are you feeling?"
"Lü Chuanwei is indeed a suitable candidate..."
"Um?"
"...I know he has ambitions to rise to power."
He's not stupid.
Wang Weili narrowed his eyes, waiting for Chen Kai to continue.
Chen Kai hesitated for a moment, then looked at Wang Weili with a complicated expression: "I've been reading history recently, and I came across the story of Li Shimin in the Old Book of Tang... I feel that Li Yuan became the retired emperor because he couldn't suppress Li Shimin's abilities."
"Ha, what a terrible analogy! If he were Li Shimin, would he still be our COO right now?"
Wang Weili spoke dismissively, and in his heart, he truly didn't take Lü Chuanwei seriously.
Chen Kai's expression became even more complicated: "He was able to come here as COO mainly because of you!"
Without Wang Weili, Didi Chuxing would have either gone out of business or been sold off to raise cash.
Chen Kai had always been aware of this, but he never felt that Wang Weili would pose a threat to him.
He realized that Wang Weili wasn't interested in managing the company, unlike Lü Chuanwei.
Wang Weili is more capable than Lü Chuanwei, and Lü Chuanwei is more capable than him...
"Unless you're willing to help me suppress him."
Chen Kai stared intently at Wang Weili, frankly revealing his thoughts.
Wang Weili remained calm: "You are still the largest shareholder of the company. If you don't want to, no one can replace you."
The current equity structure of Didi Chuxing is as follows:
阿狸拿下A轮融资占10%,王威利拿下天使轮20%(前面的数据改了一下)+临时投资的Pre-A轮5%(所有股东的股份稀释5%),总共24%的股份。
Due to the dilution from the Series A funding round, Wang Weili's shareholding became 21.6%, but his performance in the previous funding round resulted in stock option awards totaling 22.7%.
When the angel round of financing ended, Chen Kai used 20% of the shares as an employee option pool. Due to the double dilution of the Pre-A round and the A round, it became 17.1%. After deducting the option award for Wang Weili, it was left with 16%.
Furthermore, the two technically responsible programmer shareholders each hold 4.275%, totaling 8.55%.
These shares together account for 57.25%, and the remaining 42.75% belongs to Chen Kai.
It looks like a lot, but the restrictions are also significant.
Individual investors like Wang Weili can cash out in advance to protect their own interests when the company is acquired or when the next round of financing is made.
Chen Kai will only have the opportunity to cash out when the company goes public or is acquired.
If a company is sold due to poor management, the investors will get their share first, and only the rest will be his.
Simply put, the relationship between investors and founders is one of both cooperation and mutual vigilance, so Wang Weili's words offered almost no comfort to Chen Kai.
"Hehe, I am still the largest shareholder now, but after the company completes two more rounds of financing and the number of board members increases by a few, the company will no longer be under my control."
Chen Kai chuckled self-deprecatingly, intending to use this remark to probe Wang Weili's thoughts.
Wang Weili remained silent, simply staring at him quietly, his eyes calm and deep like the clear, still waters of a moonlit lake.
"There's no need to test me. If I wanted to be CEO, I would have been the CEO the moment Ali completed its funding round."
"You are a weak CEO, and I am a weak investor. Faced with a strong opponent, we should cooperate with each other to avoid being devoured."
"As for Lü Chuanwei, hehe, he's just the village boss in your training ground to become a qualified CEO..."
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