I am the only one who practices magic: I practice magic in the city

Chapter 193: Violating the Decision of Our Ancestors (Second Update!)

Fang Yu didn't know what he was thinking. He used divination every day to predict whether he should release the news about the big orange model in the next week. The answer was always no.

In fact, in Fang Yu's opinion, it is indeed time to hype it up now.

“The strongest chess player in history” was defeated by artificial intelligence, what a great gimmick.

As long as the publicity is in place, and an event such as the "Huashan Sword Contest" peak showdown round-robin challenge is organized with the Go community to hype it up, it will definitely attract worldwide attention, and Youzi Technology's reputation as the founder of artificial intelligence will be established.

Why is divination not allowed to be made public?

I don't understand.

If you don't understand, don't do it. Fang Yu simply issued a gag order and signed a confidentiality agreement with all the employees of Youzi Technology, requiring that before the company announced the specific situation, the progress of the Orange large model should not be disclosed to anyone outside.

Hua Zecheng and Lu Si were just about to leave the tea room while chatting and laughing when they saw Fang Yu, wearing a camel-colored coat and bringing a chill, push the door open from outside.

"Boss, have you finished the exam? Are you confident?" Hua Zecheng joked.

Usually Fang Yu was quite easy-going and never acted like a boss in front of them, so people in the company were willing to make harmless jokes with him.

When Fang Yu told them in the morning that they would have a mathematical statistics exam this afternoon, everyone at Youzi Technology was a little dazed, and everyone felt a huge sense of disorientation.

No, we know you are still a student, but now you have created AGI and can become the boss of a high-tech unicorn. Instead of staying in the company and wasting time taking exams in mathematical statistics?
Are you qualified enough to be a teacher?

In response to this question, Fang Yu just smiled coldly.

Haha, how would you know what it means to pretend to be cool?
Good at studying and able to show off.

It’s also cool to start a successful business during college.

But if you can be the top student in your major during college and also start a successful business, that would be doubly cool and doubly happy!
Steve Jobs dropped out of Stanford to found Apple. Sounds pretty pretentious, right?

But if he had started his business and founded Apple with the attitude of being the best in his profession, a technical expert, and a celebrity in the school, there would be more people praising him, and there wouldn't be so many people who bring up Wozniak whenever they talk about Apple.

Just like Lei Jun, as long as someone says that Lei Jun is only good at marketing, there will definitely be a bunch of people jumping out to tell you how awesome Lei Jun’s technology was back then, how he completed his credits two years in advance, and how good he was at studying.

"There was a question that I skipped a step when answering, so I might not get full marks." Hearing Hua Zecheng's joke, Fang Yu smacked his lips regretfully.

Hua Zecheng looked at Fang Yu speechlessly, then turned and left.

What level are you at? You're pretending like this, is that interesting?

"Hey, Mr. Hua, Dr. Lu, I just have something to tell you." After saying that, Fang Yu thought for a moment and clapped his hands, "Forget it, let's call everyone over to talk together, so that everyone doesn't have to guess."

Hua Zecheng was confused. What was he guessing about?
In addition to Fang Yu, Lu Shen, and several freshmen such as Jiang Shuao and Ma Xiaoou, there are only 25 technical personnel in Youzi Technology, and the total number of people does not exceed .

Almost all the part-time students have gone to take exams today, leaving only the technical staff in the company.

Fang Yu glanced at everyone, and it felt to these people as if Fang Yu had made eye contact with each of them.

This is not a spell, but a social skill.

When speaking in public, if there are a lot of people, you can use your imagination to divide the crowd into a T-shaped grid, a 罒-shaped grid, a 田-shaped grid or a nine-square grid, and set a focus in each grid.

When looking, the eyes are not looking at a specific person, but at the focus, which is usually set at the upper third of the grid.

Then move your eyes between multiple focal points, and everyone present will feel that they have established eye contact with you.

Many young celebrities may use this technique when they perform at concerts. Some people are not very good at finding focus, so they simply do not wear contact lenses to make their vision blurred, which can also achieve the same effect.

After being swept by Fang Yu's gaze, everyone couldn't help but focus their attention on Fang Yu.

Seeing everyone's reactions, Fang Yu nodded with satisfaction and spoke in the same tone as always:

“I have two things to announce to you. First, Youzi Technology has started the angel round of investment.”

"By selling 11.62% of the shares, we received million Malaysian dollars in equity investment from a number of individual investors. The total valuation of Youzi Technology is currently million Malaysian dollars."

Having said that, Fang Yu paused to give everyone time to react, and also to enjoy the pleasure of showing off.

!!!

Sure enough, everyone, including Lu Si, was shocked for a few seconds, and then their faces showed uncontrollable excitement and surprise.

Three hundred and fifty million dollars! ?

What is the exchange rate today? It seems to be around 6.5 recently?
26 billion Da Zhou coins!

The sound of inhaling comes one after another.

Hiss~ The Orange Big Model has not been announced yet, but based on only a Pomelo training architecture 0.1, Pomelo Technology has been valued at 26 billion Dazhou coins?
This sophomore student in front of me has a net worth of 2 billion?
After the news of Orange Model's victory over Gu Jie is announced, how much will its valuation rise? And how much will the wealth of this young boss who can still chat and gossip with them every day become? I dare not think about it~
Seeing everyone's gaze, Fang Yu once again felt like every pore in his body was like a poisonous dragon.

It feels so fucking good.

No wonder those bosses like to tell others stories about how they got 7500 million Malaysian dollars from Masayoshi Son in five minutes, or how the financing demand was only 3 million Malaysian dollars, but the investor said that they either had to invest million Malaysian dollars or not a penny.

This sounds unreasonable, but every word and line reveals the story of "I am awesome, and the people who appreciate me are awesome too", which feels great to tell.

Actually?

Of the 264 million Great Zhou coins, 200 million were paid out by my father using a foreign trust.

Unexpected?

The other 64.3 million is indeed the investors' money.

However, the shares will not be registered under the company’s name for the time being, but will be held by an investment company registered in the Cayman Islands.

After Fang Yu fully enjoyed everyone's legendary gazes, he coughed and said, "The second thing is the equity incentive plan that I promised you during the recruitment process."

Fang Yu's voice was not loud, but everyone who heard this couldn't help but prick up their ears, like elves.

This is closely related to the interests of everyone!

We are all skilled people and have no shortage of offers. Why would you take a pay cut of more than half to come to this startup company?
Isn’t the purpose just to make a living and achieve financial freedom?
Of course, it is also for technical ideals, but this does not conflict with financial freedom!

"The company is currently valued at 350 million Malaysian dollars. At 10 Malaysian dollars per share, there are 35 million shares in total."

"Everyone, please look at the big screen"

Fang Yu pointed to the 100-inch screen behind everyone. It was originally used to display the work progress of each group of people, but now it was used by Fang Yu to project the equity incentive plan.

"Our current structure is relatively simple. Except for Professor Hua and Dr. Lu, everyone is a technician of the same level and joined the company at about the same time. Therefore, determining how many stocks to give to each person and what kind of stocks to give is a question that requires careful consideration."

Fang Yu paused for a moment and glanced at the crowd. Everyone whose body was scanned by him felt a little stiff.

“So, in the end, I decided to determine the equity incentive plan for each person based on their contribution in the first phase. Moreover, the equity incentive plan of Youzi Technology is completely open internally, and everyone can see the equity incentive amount of others.”

"How is contribution calculated? It's very simple. It is calculated based on the Orange Big Model. I have connected TeamPulse to the Orange Big Model. It will calculate the corresponding contribution for everyone based on their contribution to the company. The amount and method of the equity incentive plan will be different according to the contribution."

After saying that, Fang Yu waved his hand, and a table appeared on the big screen, listing the names of fifteen people and the amount of equity incentive plan that each of them could get.

Liu Wenxiao stood on tiptoe, pushed up his glasses, and found his name on the form.

"Liu Wenxiao, 1150 shares."

One thousand one hundred and fifty shares? That is 11,500 dollars?
It feels less than I imagined.

But we can try to go public. If the market value after listing can reach 100 times the current value, wouldn’t it become million Malaysian dollars?
It feels reasonable.

When Liu Wenxiao was muttering to himself, Fang Yu's voice came again.

"Each company has its own approach to equity incentives. Currently, the most popular among high-tech companies is GSU, which was created by Google. I believe everyone is familiar with this equity incentive method."

"The 4-year vesting schedule includes a 1-year cliff period, which means that employees will receive 25% of the company's promised equity after the first year, and the remaining 75% will be gradually returned to employees every quarter thereafter."

"GSU is actually a relatively good equity incentive method. As long as the company is fair, employees don't have to worry about not getting paid."

“Everyone should have heard of the 3.75 and 3.25 ratings of domestic large companies. The contract may sound good, but in reality, at the end of the year, a rating of 3.25 may be optimized, not to mention getting equity incentives.

"The most interesting thing is that who gets 3.25 is often not directly related to performance, but depends on the distance. Xu Liang was amused. Look, I remember you are from there, right? Haha."

"I have been wondering what kind of equity incentive plan does Youzi Technology need? What system can ensure everyone's commitment and benefits?"

"In the end, I found that this was a false proposition."

"Because everyone's commitment is not driven by the hook of equity incentives, but by their passion for technology, their love for the team, and their own sense of responsibility."

"So, I made a decision that went against my ancestors."

“That’s right – the equity incentives of Yuzu Technology will not have a vesting schedule or a cliff period. Employees can cash out at any time!”

I didn’t expect that the second update would still be a little late because I had a stomachache. I had enough time, but maybe I didn’t fry the chicken steak thoroughly that night, so the middle was raw. I went to the toilet four times in two hours. Damn it.

The chicken fillet was bought by Sam, not Wallace.

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(End of this chapter)