Global monopoly of technology

The core of AB shares is actually very simple, that is, the same shares have different rights. The shares are divided into two levels: A shares and B shares, that is, the separation of voting rights and dividend rights.

The A shares issued by external investors only have 1 share and 1 vote, while the B shares held by the management have N votes. N usually takes 10 or 20, making the founder team 10 times or even 20 times the voting rights of its shareholding ratio, thus firmly controlling the right to speak to the company.

This also means that in the future, IPOs can only be listed in the United States. China does not recognize the AB share system, and the requirements for A-share listing are too high and there are too many clauses. Even if it is possible, Luo Sheng will not choose this way.

Luo Sheng came to the world time node in 2003. To a certain extent, he is now in a state of nothing. Starting from scratch to succeed in the early stage, he needs to introduce venture capital.

Under the framework of the AB share system, Luo Sheng gives 20 voting rights to class B shares. In this way, even if the entrepreneurial management team is not included, only the proportion of Luo Sheng’s personal shareholding, as long as the proportion of class B shares No less than 10% of this line can have absolute control over the company.

Luo Sheng’s minimum safety warning line for the shareholding ratio is 10%, which means that even if the equity is diluted to only 10%, he can still have more than 68% of the voting rights, and resolutions on major issues of the shareholders meeting must exceed three points. The second vote can only be passed. Even if Luo Sheng holds 10% of the equity, he actually has more than two-thirds of the voting rights.

However, as long as Luo Sheng doesn't get muddled, reasonable financing cannot be diluted to such an exaggeration.

The design of the shareholding structure often determines the future destiny of a company, so Luo Sheng will never make a fortune on this issue.

Jobs was expelled from Apple because he did not have enough voting rights, because Apple has not had a dual-shareholding system for AB shares.

The benefits of this shareholding structure can ensure that the management or founders have control over the company, that the decision of the management will not be interfered by shareholders, and can prevent hostile takeovers.

After a while, Luo Sheng went on to say: “On this basis, I want to have a veto right of the company. This top-level design can ensure that the control of the company is always in the hands of our co-founder team. Expansion will also introduce new partners in the future, so we can exercise the voting rights together in our entrepreneurial team. If there is a disagreement, there needs to be a finalist, that is, me, which is a veto."

One-vote veto means that any resolution at the general meeting of shareholders can be vetoed by one vote and not passed.

Xu Yong complained: "Would you like to be so serious and formal?"

"To play real, you have to be serious and rigorous. Do you have any comments on this allocation?" Luo Sheng said.

It is worth mentioning that Luo Sheng’s family background is much better than Xu Yong. He is a high-income family. His father is a middle school music teacher, and his mother is a top professional lawyer. He is a senior foreign legal counsel for many large multinational companies. consultant.

Xu Yong expressed no opinion.

It was roughly determined like this.

In the afternoon, Luo Sheng and Xu Yong compiled a set of materials and skipped class again. It was not the first time to do such a thing anyway.

Talent is sometimes very annoying. Even if you skip class every day, your grades are better than those who study hard. Probably this is one of the reasons why no one plays with him.

Skipping class is naturally to register the company, because more than two people are required and the process is very fast, but it is a little troublesome to cancel the company.

The full name of the company is called "Shencheng Bluestar Technology Co., Ltd." for short as "Bluestar Technology". It is supposed to be a registered company limited by shares, but in fact it is a "one-person limited company", which is wholly owned by Luo Sheng , Because the registration of a company limited by shares requires more manpower, and it must also establish a board of directors and a board of supervisors. Now they are definitely not working.

In the future, the shareholding system will be reformed after financing, and then the equity structure will become an AB share system.

Luo Sheng didn't tell his family about the business this time. Don't think about it, he definitely won't agree, unless he is famous.

The registered capital of Bluestar Technology is 220,000. After completing all the procedures, the two talents returned to the school, but did not go to class. For Luo Sheng, it was a waste of time.

...

407 dormitory.

"The company was founded, and currently only has a registered capital of 220,000. It is necessary to save some flowers, and the dormitory will temporarily serve as our office base." Luo Sheng glanced at the two computers. This is the core equipment, perfect.

Xu Yong became increasingly interested in starting his own company and immediately said: "Let’s talk about what our company should do. The portal is Yahoo abroad, and there are four major portals in China. There are Google and Baidu outside the search engine, and Baidu outside the instant messaging portal There is MSN, there is Tengxun QQ in ICQ, there is Ali in Amazon outside e-commerce... So, what do we do?"

Everything that the Internet industry can do seems to have been occupied. There is a giant in various models that cannot be surpassed like a mountain. Xu Yong can't find where Bluestar Technology can start.

His vision is only limited by the times, and for Luo Sheng, the development of the Internet in this world is no different from the barbaric era in his eyes, and there are more fields to explore.

When writing the Synapse software, he had already figured out what to do and had an extremely clear plan.

Starting from the social network, before Xiaozha took the lead in figuring out the Facebook model, now this time node is just right, if it is later, there will be no chance.

Luo Sheng said in a simple and clear way: "Get the materials on the spot, let's start at school."

"What?"

Xu Yong looked at him incomprehensibly and Luo Sheng said: "It's actually very simple to do a successful business. Selling some solutions to help people solve the corresponding problems, then look for the problem first. Now there is a very common problem in universities. Take our Fuda as an example. It is almost impossible to find the corresponding photos of people just by relying on their names."

"All the dormitories of the school have personal catalogs, some are printed and some are online, but most of them are only accessible to students in one dormitory. Therefore, we should solve this problem, why not develop a unified online version? Zoom in, expand from our school to universities across the country and the world?"

Xu Yong: "So what are you waiting for? Let's do it!"

Think and do.

The two immediately started to write a new version of the personal name that can be viewed online, and then spent 60 yuan to register the domain name for the "BlueSpace.com" website for two years.

BlueSpace, which means blue space, can be called blue club, blue space, or blue space in China.

As time goes by, Luo Sheng is responsible for programming. He has been pondering over the optimized diffusion development algorithm for a period of time. Together with Xu Yong, he is responsible for the registration of the domain name architecture website and the development of a new version of the unified online personal name.

The program code is written very fast, according to the speed of the two of them, the new version can be launched in one night.

...