Chapter 67: 065 Planning

Song Yufeng made up his mind without much hesitation to contribute his assets to the company.

In fact, he had previously tested the process in Xiangjiang—considering setting up a server, registering the company, recruiting talent, finding office space—and quickly realized he couldn’t do it alone.

Thus, he gained a deeper admiration for Yu Xing’s ability to rapidly build the company and team.

But he could part with money—equity had to be fiercely negotiated.

120,000 is 19.35% of 620,000; combined with my own abilities and contributions, I must secure 25% equity!

At the very least, my psychological floor must be 22%!

Song Yufeng had planned this, but his dream shattered the moment he met Yu Xing in person.

“30%? Are you kidding?” Yu Xing looked astonished.

Song Yufeng had named a number with room for negotiation; now he feigned firmness: “It has to be 30%. No 30%, I’m out! Yu Zong, clear?”

Yu Xing said generously, “Fine, this meal’s on me. Help yourself.”

Song Yufeng stood up decisively, took two steps, heard no plea to stay, and sullenly sat back down: “Damn it, Yu Zong, you’re such a person… I’m really screwed—you’re still wearing the guest badge I got you!”

“Right, so I deleted your recording,” Yu Xing replied.

Song Yufeng: “??”

He exclaimed in shock: “How is that even related? We’re on the same page now! We’re into a new chapter!”

Yu Xing nodded, as if enlightened: “Oh, so it’s one thing at a time.”

Song Yufeng was about to nod—then froze. Damn it, how do you outwit someone like this?

He slashed his own demand: “120,000 plus me—25%!”

Yu Xing spoke slowly: “How did you calculate that equity number? This isn’t a game of bluffing. Are you joking with me here?”

“120,000 is 19.35%, plus my own 5.65%—isn’t 25% a reasonable figure?” Song Yufeng gave his reasoning.

Yu Xing said seriously: “Here’s the problem: once you join, are you a net positive or a net negative? You’re lucky I’m not deducting from your share.”

Song Yufeng grew slightly angry: “Yu Xing, don’t turn your back on me! Your ad, your attendance, your connection with NetEase—I didn’t do enough?!”

“New chapter,” Yu Xing emphasized. “This is a brand-new website project. What use are those things you mentioned to the website? If you’re serious about entrepreneurship and personal value, what in your work history is worth mentioning? Do you have proof of entrepreneurial ability?”

He tapped the table: “Do you think I’m heartless? Precisely because I’m not, I’m willing to calculate based on capital contribution. Brother Feng, think carefully.”

Yu Xing stood up, preparing to leave.

Song Yufeng felt Yu had turned cold and ungrateful, yet strangely, his words carried a sliver of logic. Seeing the man actually reach the shop door, he hurried after him and brought him back.

Once they sat down again, Song Yufeng sighed: “We both stood up just now—why am I the one keeping you?”

Yu Xing laughed bitterly: “Do you think this is buying clothes? You stand up here, someone stops you there.”

Song Yufeng sighed: “Fine, then 20%. No more talk—we’re done.”

Yu Xing insisted: “Calculate strictly by capital contribution ratio.”

Song Yufeng frowned: “That’s exactly what I did! Are you really nitpicking this? Isn’t an integer better?!”

Yu Xing said nothing, only gave a firm expression.

Song Yufeng thought and thought—he’d already broken past his 22% floor, so a little more didn’t matter. He muttered: “Fine, 19.35%.”

Yu Xing shook his head: “Not 19.35%.”

Song Yufeng exclaimed: “You said calculate by capital contribution!”

“I did—but you calculated wrong,” Yu Xing gestured in the air. “You forgot the employee stock options. You understand this—your ex-girlfriend’s name was just a cover for it.”

Song Yufeng instantly understood.

“Set aside 10% for future talent. So 620,000 is 90% of the total: 620,000 / 0.9 = 688,900,” Yu Xing calculated. “120,000 / 688,900 = 17.4%. Under current conditions, that’s all you get.”

Song Yufeng: “...”

The number was drifting further from his psychological floor.

“Also, don’t rush—I’m still securing more capital,” Yu Xing urged. “More capital means smoother entrepreneurship.”

Song Yufeng asked: “So you mean my equity percentage might drop further?”

“The company’s total value is rising. A lower personal percentage doesn’t matter—it won’t reduce your share,” Yu Xing dismissed. “This ‘Bai Xiaosheng’ has far better conditions than my Guai Ai website. Back then, I barely scraped together money to register the company.”

“Back then” meant three months ago—when he truly had no money. His junior brother chipped in 2,000, his junior sister added 1,000, and the 3,000 they raised still hadn’t received policy support… Wait, why were only his junior brother and sister contributing? Didn’t I chip in back then?

A flicker of confusion crossed Yu Xing’s mind, then vanished as he refocused on the present.

Song Yufeng said hesitantly: “I thought I’d prepared mentally—but apparently, not enough…”

“Think of it this way: calculating by capital contribution is already relatively fair,” Yu Xing shifted perspective. “If we added people, how much extra would this company owe me? If Zhong Zhiling and Lu Haiying confirm joining, how much would you give them? Let’s leave it like this—I’m already being lenient with you.” Song Yufeng nodded, then asked: “Are Zhong Zhiling and Lu Haiying not definitely joining?”

“Still uncertain. We’ll decide after the company launches,” Yu Xing said, then hesitated. “Lu Haiying should be fine. Zhong Zhiling’s still unclear.”

Song Yufeng was puzzled—they were a couple, weren’t they?

“The website is finalized as ‘Bai Xiaosheng’—strong memorability and viral potential,” Yu Xing shifted to concrete matters. “We need another key tag: we will strictly protect user data and never leak it to big tech firms under pressure.”

Song Yufeng nodded: “Of course.”

Yu Xing looked at him: “I mean—even if sued, the website must hold firm. If forced to hand over data, it must only happen under a final court ruling everyone understands. No settlements.”

The company must operate within the legal framework—but right at the bottom line.

Song Yufeng nodded slowly, then asked: “Yu Zong, you mentioned angel investors… if so, can we not take investment from big tech firms?”

“Brother Feng, you’re thinking ahead well. If big tech becomes a shareholder, can this company still have principles?” Yu Xing smiled. “Put it this way: rejecting big tech investment, enduring their pressure—even investor pressure—is fine. Lawsuits aren’t terrible either. A lawsuit builds user trust.”

Song Yufeng processed this: “If our data spreads widely and big tech sues us, we refuse settlement—only pay damages. Even if user data is forced out, it’s handed to authorities, not big tech. Whether big tech gets the data depends on how authorities handle it.”

He frowned: “But even if they don’t get it directly from us, if big tech gets it anyway, doesn’t that still destroy user trust?”

“That’s the most extreme scenario,” Yu Xing considered. “We can only do what we can. If something truly extreme happens, people will understand. So we still need a strong legal team.”

Listening to Yu Zong, Song Yufeng sensed an unspoken implication in the word “extreme.”

He thought again, probing: “If we’re truly forced, what if we burn the servers?”

Yu Xing was stunned.

He fell silent for a moment: “It’s ‘you,’ not ‘we.’”

Song Yufeng couldn’t read Yu Zong’s intent and asked bluntly: “Yu Zong, just tell me—would this work?”

Yu Xing paused: “You need to ask the legal team…”

Song Yufeng pressed: “And the legal team?”

“You hire them,” Yu Xing laughed. “Stop thinking about extreme scenarios. I know you’re stubborn…”

He suddenly stopped. Wait—aren’t you stubborn?

You’re already thinking about “burning the dragon’s warehouse” to protect user data…

Yu Xing exhaled: “First, grow the website. Build influence. Then think about this.”

Song Yufeng nodded, smiling: “Yu Zong, I’ll soon be able to call myself ‘co-founder.’”

“You can introduce yourself that way,” Yu Xing thought for two seconds. “I’m Song Yufeng, co-founder of Bai Xiaosheng—‘Feng’ as in ‘sharp blade.’ Or… ‘Feng’ as in ‘wild, reckless, don’t care.’”

Song Yufeng smiled, imagining some future scene he looked forward to.

Yet when Yu Xing broached the issue of legal representative, he still faced minor resistance.

This continued until the morning of the 23rd, when they went to the Internet Conference. Yu Xing finally spoke: “Brother Feng, think—what else can you contribute besides capital? What resources do you bring? What management skills? Honestly, is your 120,000 even that important now? Do I really need your 120,000?”

They were at the Jinling International Expo Center, wearing guest badges. Tomorrow afternoon was their chance to speak. Before them arrived representatives from internet companies.

At this moment, Song Yufeng finally understood what “one thing at a time” truly meant.

Yu Xing added: “Besides, Zhong Zhiling is my junior brother—my actual junior brother. I let him be the legal representative. Why can’t you be?”

Song Yufeng made his final plea: “Then why aren’t you?”

“Greater ability, greater responsibility. Greater ability to rescue people in extreme situations,” Yu Xing said solemnly. “You’re the company’s last safeguard. I’m your last safeguard outside.”

Song Yufeng: “...”

He sighed and conceded: “Fine, let’s go to the conference.”

Yu Xing ended the discussion and walked into the security checkpoint with fresh curiosity.

Soon, both saw people they’d seen in the news—CEOs and executives from Alibaba, Tencent, Baidu.

Looking at these big tech firms, Song Yufeng’s small anxiety about being legal rep vanished. A thought stirred: these big tech employees will be the company’s vital users—the fuel for Bai Xiaosheng’s rise!

Immediately, another thought surfaced: we must prioritize building a legal team!

He turned his head and saw Yu Zong also watching the arriving executives.

Song Yufeng couldn’t help asking: “Yu Zong, what are you thinking?”

Yu Xing smiled and shook his head: “Nothing. Let’s find seats—they’ll be at the back.”

He was thinking: giants are too massive. Better to start with smaller companies—build reputation, accumulate resources, expand influence.

To reach the point where “when an institution acts, the market knows instantly.”

(End of Chapter)