Chapter 67

Song Yufeng didn't struggle much before deciding to take out his family savings to start the company.

In fact, he had tried the process in Shenzhen before, considering building the site, registering the company, recruiting talent, finding an office address... and soon realized that he couldn't do it alone.

Because of this, he had a more admiring recognition of Yu Xing's ability to build the company and team so quickly.

However, while he could pay the money, he had to strive for more shares.

120,000 out of 620,000 is 19.35%. Plus his own ability and input, he had to strive for a 25% shareholding ratio!

At the lowest, his psychological bottom line had to be 22%!

That was how Song Yufeng calculated it, but his dream was shattered as soon as he saw Yu Xing in person.

"30%? Are you kidding?" Yu Xing looked surprised.

Song Yufeng had reported a number with room for bargaining, and upon hearing this, he immediately feigned persistence: "It must be 30%. Without 30%, I won't participate! President Yu, do you understand?"

Yu Xing said generously: "Okay, I'll treat you to this meal; suit yourself."

Song Yufeng stood up decisively, walked two steps, and hearing no attempt to keep him, could only sit back down in a cowardly manner: "Hey, President Yu, you... I'm really pissed off. You still have the guest pass I got for you hanging around your neck!"

"Yes, that's why I destroyed the recording I had of you," Yu Xing replied.

Song Yufeng: "??"

He was stunned: "Is this still in the same chapter? We are already in this chapter! We've reached a new chapter!"

Yu Xing nodded, accepting the teaching: "Oh, so it's one chapter at a time."

Song Yufeng was just about to nod when he suddenly stopped. Damn it, how do you compete with this kind of person who does startups?

He cut himself: "120,000 plus me, 25%!"

Yu Xing said slowly: "How do you calculate these shareholding figures? We aren't just opening our mouths to talk about startups. Are you joking with me here today?"

"120,000 accounts for 19.35%, plus my own 5.65%. Isn't this 25% a reasonable figure?" Song Yufeng gave his reason.

Yu Xing said seriously: "There is a problem here. Adding you, are you positive or negative? It's not bad that I didn't deduct from you."

Song Yufeng said with slight anger: "Yu Xing, don't turn your face and deny people. That advertisement of yours, this participation of yours, and that NetEase—haven't I done enough?!"

"New chapter." Yu Xing emphasized, "This is a brand new start, a new website project. What use do the things you mentioned have for the website? Since you want to do a startup and emphasize personal value, may I ask, what is worth mentioning in your work resume? Do you have proof of ability from startup experience?"

He tapped the table with his hand: "Do you think I'm a person who doesn't value loyalty? It's precisely because I value it that I'm willing to calculate based on the proportion of invested funds. Brother Feng, think about it carefully."

Yu Xing stood up, preparing to leave.

Song Yufeng felt that this Yu guy was turning his face and denying people, but he also inexplicably felt that what he said had a trace of reason. Seeing that this person was really about to walk to the store door, he hurriedly chased after him and invited him back.

After they sat down again, he suddenly sighed: "We just stood up, why is it me keeping you?"

Yu Xing couldn't laugh or cry: "You think this is buying clothes? Standing up here, keeping people there."

Song Yufeng sighed: "Fine, let's count it as 20%. No more talking; let's just take one step to the end."

Yu Xing had to talk: "Count it based on the specific proportion of invested funds."

Song Yufeng frowned: "This is the capital proportion. Why be so calculating about this little bit?? Isn't a round number good??"

Yu Xing didn't answer, giving a very determined expression.

Song Yufeng thought left and right. Anyway, it had broken through his bottom line of 22%. It didn't matter about this little bit, so he had to say muffledly: "Fine, 19.35%."

Yu Xing shook his head: "It's not 19.35%."

Song Yufeng was shocked: "You said to count it based on invested funds!"

"Yes, but your calculation is wrong." Yu Xing gestured in the air with his fingers, "You missed the employee options. You should be able to understand this. The name of your ex-girlfriend was it."

Song Yufeng understood instantly.

"Reserve 10% for future talent, so the capital proportion of 620,000 is 90%. 62/0.9=68.89." Yu Xing calculated, "12/68.89=17.4%. Under the current situation, that's all you have."

Song Yufeng: "..."

This figure was getting further and further away from his psychological bottom line.

"Besides, don't be anxious. I'm still striving for more funds." Yu Xing persuaded, "The more funds, the more composed the startup will be."

Song Yufeng asked: "Do you mean my shareholding ratio will continue to decrease?"

"The total value of the company is rising. What's the big deal if the individual proportion is low? It won't be calculated less for you." Yu Xing didn't care, "The conditions for this 'Hundred-Know-All' are much better than my Guiai Network. At that time, I even had to scrape together the money to register the company."

"At that time" was three months ago. He was truly broke. His junior brother scraped together 2,000, and he asked his junior sister for 1,000. As a result, the 3,000 yuan scraped together wasn't supported by policy... Wait, why were the junior brother and sister scraping money, and I didn't pay at that time?

A trace of confusion flashed through Yu Xing's heart, and he immediately refocused his attention on the front.

Song Yufeng said somewhat tangled: "I thought I had already prepared mentally, but it seems the preparation wasn't enough..."

"Think of it this way: calculating based on invested funds is already relatively good." Yu Xing changed his angle, "If we calculate people, how much extra should this company add for me? If Zhong Zhiling and Lu Haiying confirm they are joining, how much should be calculated for them? Let's just leave it at that. I'm already being considerate of you." Song Yufeng nodded, then suddenly asked: "Are Zhong Zhiling and Lu Haiying not confirming they are coming together?"

"Not quite sure yet. Let's wait until the company is sold." Yu Xing said, feeling a bit hesitant, "Lu Haiying should be about the same; Zhong Zhiling is not clear yet."

Song Yufeng was somewhat puzzled. Aren't those two a couple...

"The website is finalized as 'Hundred-Know-All.' It has enough memory points and dissemination points." Yu Xing's topic turned to specific matters, "We have an important label that needs to be put out: we will strictly keep user information confidential and will not leak information to big factories under pressure."

Song Yufeng nodded: "That's for sure."

Yu Xing looked at Song Yufeng and said: "My meaning is, even if we are sued, the website must persist to the end. If we have to hand over information, it will be in a situation that everyone can understand, complying with the final judgment. We cannot take the path of reconciliation."

It is only natural for the company to be within the legal framework, but it must be at the bottom line.

Song Yufeng nodded slightly hesitantly and asked again: "President Yu, you said there is an angel investor... If you say so, can't we take investment from big factories?"

"Brother Feng, your ability to draw inferences is not bad. If big factories become shareholders, can this company still have an attitude?" Yu Xing laughed, "Let's put it this way: refusing investment from big factories, bearing the pressure from big factories, and perhaps pressure from investors—as for lawsuits, they aren't actually that bad. Fight a lawsuit, and users will trust you more."

Song Yufeng sorted out this line of thinking: "If our information dissemination is too wide, big factories sue, we don't reconcile, we just pay money. Even if user information is forced to be handed over, it's not handed over to the big factories, but to the authorities. Whether big factories can obtain the information depends on the authorities' handling."

He frowned: "The problem is, even if it's not obtained directly from us, big factories get it anyway, don't they? Won't this still destroy the users' sense of security?"

"This is just the most extreme situation." Yu Xing thought about it, "We can only do everything we can do. If a really, really extreme situation occurs, I believe everyone can understand. Therefore, we also need a very good legal team."

Listening to President Yu's words, Song Yufeng always felt there was some vague hint in "extreme."

He thought and thought, testing: "If we are really forced to that point, what if we burn the servers?"

Yu Xing was shocked.

Compared to Gong Haiyan of Century Jiayuan and Li Song of Zhenai Network, Mu Yan, the co-founder of Baihe Network, was the most familiar, because he later participated in a workplace program "Only You," which was quite famous.

"Hi, President Mu, good morning." Yu Xing greeted.

Mu Yan saw this volunteer looking at him from afar and heard such a greeting, asking strangely: "Do you know me?"

Yu Xing flipped his chest badge, showed the front, and extended his right hand: "President Mu, I called you last night. I am Yu Xing of Guiai Network."

Mu Yan looked at the chest badge in surprise, and sure enough, saw the words, and shook hands with a smile: "President Yu, why are you here?"

"I thought it hadn't started inside and it was a bit noisy, so I acted as a volunteer outside." Yu Xing saw the target person and walked in together, saying as he walked, "I am a student at Jin Ling Medical University. This is the first time Jin Ling has held such a conference, so I count as contributing a meager strength."

Mu Yan nodded slightly, reasonable and well-founded, making people convinced.

He said casually: "President Yu is going to give a speech on stage this afternoon. Very impressive."

"I've only been doing startups for three months. Actually, I really don't want to go up. I'm still confused about doing the company myself. If I say something wrong on stage, what should I do?" Yu Xing was somewhat hesitant, but also somewhat college-student-like eager to try, "However, this conference is held in Jin Ling, and my alma mater is here, so I was appointed. I can only summon the courage to try."

Mu Yan felt it was very reasonable. Holding a conference in Jin Ling and having a college student entrepreneur with a local background take the stage was also normal.

Song Yufeng, who was following, listened to the words before and after, and felt one thing in his heart: it connected! Damn, the words before and after can still connect!

Not only connected, but also popped out an "appointed"!

Who has the status to appoint?

At least there must be some small relationship or background!

The three walked into the venue, and the noise rushed towards them.

"President Mu, 4:30 this afternoon." Yu Xing extended his hand actively again before parting, and invited again in a time-emphasizing way, "Network Community Development Forum, you must come to help me check!"

Mu Yan shook hands and said with a smile: "Good, I will definitely arrive this afternoon. President Yu, come on!"

He turned and walked towards his seating area.

Song Yufeng watched the figure of the Baihe Network co-founder walk away and then said: "He will definitely come now!"

Yu Xing nodded and laughed: "I invited him face-to-face, and he agreed. Of course he will come."

"You not only invited face-to-face, but your words were layer by layer..." Song Yufeng pondered the previous exchange and said sincerely, "President Yu, no, Brother Xing, you have to teach me!"

He witnessed the finalization of this invitation and felt that Yu Xing had trapped the person without any trace, completing a small goal.

"What layer by layer." Yu Xing shook his head, "You, and Zhiling, are just prone to craftsmanship."

Song Yufeng couldn't help but ask with expectation: "If we don't wait for the buyers outside this time? Then what should we do?"

Yu Xing looked at Song Yufeng: "Brother Feng, I am not a god. Sometimes you need a bit of luck. What else can you do? You can only use a text message to invite one last time."

Song Yufeng understood. Luck comes, you have to grasp it!

Immediately, another thought emerged in his mind: should he also grasp his investment this time tightly?

The two tried to look into the distance and find the other two buyers before sitting down, but they didn't know if they didn't come or went to other venues, and they still didn't see their figures.

"Let's leave it at that. Send a text message to those two at 3:00 PM." Yu Xing said after sitting down, "The company price will be in these two days."

Song Yufeng nodded. Whether the company price can be negotiated probably has to fall on the speech in the afternoon. An acquisition of one or two million for companies like Zhenai Network is definitely not big, but if it's small, it seems to be an expenditure. The cross-level contact on the conference platform is the best moment.