My rebirth is different.

Chapter 433 PPT Entrepreneurship
However, equity and voting rights are two different things. For this kind of problem, it is enough to design an equity structure of AB shares.

In many Internet companies, the shareholding structure of AB shares is adopted.

Investors are Class A shares, and each share has only one voting right.

The founders are Class B shares, and one share can have ten voting rights!
In this model, the founder only needs to ensure that he holds about % of the company's stock in his hand, so he has an absolute right to speak on the board of directors.

Take JD.com as an example. By 2019, the founder, Dong Ge, directly and indirectly controlled only 15.9% of the stocks, but the voting rights were 78.7%!

JD.com's largest shareholder may not be imagined by many people, it is Tencent!

Tencent has more shares in JD.com than Dongge, accounting for 17.8%, but only 4.5% of the voting rights.

The other major shareholder is Wal-Mart, with 9.9% shares and 2.5% voting rights.

JD.com adopts the structure of AB shares. All the shares held by Dong Ge are Class B shares, and one vote can be used as ten votes!

Yu Wenfei is very good at financial operations and how to deal with VCs.

In his dream, his Legend Technology Group started with only a few million RMB and rented a spacious office. The rent was not even dared to be paid annually, but paid quarterly.

Then we recruited a reliable team, and the real start-up capital came from the exquisite PPT that Yu Wenfei had carefully crafted for several months.

Yu Wenfei still clearly remembers that when he finished talking about his career through an ambitious PPT full of pictures and texts, many representatives of VC companies in the audience stood up and applauded him.

Coupled with a strong elite team, as well as his experienced and well-known leader in the industry, he skipped the angel round directly, and the first round is the A round of financing, and the VC lineup is very luxurious.

Goldman Sachs led the investment, Bull Capital, Tiger Fund, Russia DST followed, with a total investment of million US dollars!

With such a high investment amount, Yu Wenfei only paid 20.00% of the shares...

At that time, his legendary technology company had 52 employees. The first mobile phone to be built, not to mention the engineering prototype, hadn't even started the official research and development. Everything was stuck on his PPT.

Therefore, Yuwenfei's PPT entrepreneurship became famous in the first battle, which shocked many entrepreneurs in China.

Later, this PPT entrepreneurial model became popular, and many VCs joked that this "bad atmosphere" was driven by Yu Wenfei.

In fact, this is really wronging Yu Wenfei. He learned this method from his predecessors. Around 2000, there were many such cases in the domestic Internet industry. At that time, it was even more exaggerated. Yu Wenfei at least made PPT carefully , All kinds of planning and development are very reliable.

In 2000, when entrepreneurs raised investment, they had nothing at all, relying on their mouths to fool around!

The most typical Yitang.com is relying on Mr. Tang's dream to get 5000 million US dollars in venture capital.

But those people all failed, and Legendary Technology achieved great success, so Yu Wenfei's PPT entrepreneurship became a good talk.

…………

Meeting Mr. Hu by chance this time, and hearing that he wanted to invest in his own project, Yu Wenfei had an idea.

Forget about Facebook, it's not something Mr. Hu can get involved in, but well, he has another project, which is very suitable for Mr. Hu to participate in.

"Another project? Mr. Fei, do you have any other websites?" Mr. Hu looked blank.

According to his understanding, it seems that Yu Wenfei just created a Facebook.

"Knorr Supermarket!" Yu Wenfei said bluntly.

It turned out to be this, Mr. Hu also knew about it, but is it a supermarket?

Isn’t this a traditional industry? It doesn’t fit his vision. Mr. Hu himself is in a traditional industry. If he really wants to invest in a traditional industry, it’s enough to invest in himself. Why go to give money to others? Yu Wenfei didn't want to let himself invest, so he deliberately found an excuse to let himself invest in his supermarket, so he showed an unhappy look on his face.

Seeing Mr. Hu's expression, Yu Wenfei smiled, and said only one sentence: "Mr. Hu might as well go back and investigate my Jiale Supermarket to see if there is any investment prospect. But let me say yes first, investing in Jiale, money It is still secondary, the key is to gain influence in East China! Knorr Supermarket will acquire land to build its flagship store in Jiangsu and Zhejiang provinces after the Chinese New Year. We can actually solve the land problem ourselves, but it may cost It takes a lot of time. If there are partners who can help solve this problem quickly, then they are eligible to invest in Knorr Supermarket.”

This is Yu Wenfei's idea. After several contacts, he feels that Mr. Hu is the kind of traditional businessman who is more capable and well-connected.

He has been operating in Shanghai for so many years, and his connections must still be influential in East China. This kind of person is perfect for helping Jiale Supermarket acquire land!
With the development speed of Jiale, it will be spread throughout the entire East China within this year, and this place will also be the base camp of Jiale.

However, too fast development has advantages and hidden dangers.

Needless to say, the advantage is that it can quickly increase market share.

Hidden danger, with such rapid development and limited funds, the choice of venue can only be leased, and it is impossible to afford ready-made properties.

As for buying land and building it yourself, the procedure is too cumbersome, and you need to deal with the government, and there is no such "talent" at Jiale...

Now that Mr. Hu has jumped out, he is very suitable for this job.

If he can mobilize his own connections to help Jiale get some good and cheap land in major cities in Jiangsu and Zhejiang provinces to build Jiale's flagship store, that would be great.

Hearing what Yu Wenfei said, Mr. Hu was skeptical, but he still wrote down what Yu Wenfei said, and planned to do a thorough investigation of Jiale Supermarket in the next year.

He is not very familiar with the supermarket, and of course he doesn't know how far Jiale has developed. Originally, his attention was all on Facebook.

…………

After chatting for a while, it was time for Yuwenfei's flight to board. After he and Mr. Hu said goodbye, he got up and left with the two girls.

Looking at the back of Yu Wenfei going away, Mr. Hu fell into deep thought.

"Hey, Mr. Hu..." His right-hand assistant came over.

"Lao Li, do you know about Jiale Supermarket?" Mr. Hu suddenly asked.

With his wealth and status, he has basically never been to a supermarket by himself, so even though Jiale Supermarket is famous in Shanghai, Mr. Hu has never visited it.

"Jia Le? Of course I know, the largest supermarket chain in Shanghai! I heard that it is a Hong Kong-funded company. It took only half a year to manage the old supermarkets such as Hualian and Lianhua. It's really amazing." Assistant Old Li praised.

Mr. Hu's heart skipped a beat. It seemed that Yu Wenfei hadn't lied to himself. There was really something about this family music.

(End of this chapter)