A company with a valuation of tens of billions of dollars, which takes out 5% of its shares at a time as an option pool for employees, is very rare in most industries, and it is even more rare for a shareholder to take out so many shares individually.

For most large companies, it is very cruel to fight among various shareholders. Everyone is particularly strict with their own shares, and at the same time they covet the shares of others.

The option pool of most companies is diluted by shareholders. Just like financing, all shareholders sit together and discuss a point, all shareholders are diluted by equality.

If 5% is to be taken out, then the 5% will be taken out by the existing shareholders according to the existing shareholding ratio, but this is not easy because it is to let the shareholders pay out.

Li Mu has brought Muye Technology to the point where he is today, and shares and money are not so important. He is a major shareholder and he still has 65% of the shares after financing. It would be no big problem for him to take out 5 points, but it will be of great help and promote the future development of the entire company.

In the future, Taobao's valuation will not be lower than Muye Technology. If Taobao logistics is added, it will probably become a bigger monster. For Li Mu, he has made enough money that he has never spent in his lifetime, so now it is time for him to consider how to share profits.

Taking advantage of the great news of Makino Technology's $33 billion financing, we will speed up the formulation of option reward policies, which will greatly improve the morale of the entire team.

The options themselves are closely linked to the company's market value. The higher the company's market value in the future, the more returns the employees holding the options will get.

Afterwards, Li Mu told Lin Qingya: "In the future, our options and stocks will definitely increase continuously, but because most employees have relatively urgent cash-out needs, our company has issued a rule within that: Once an employee meets the exercise requirements and decides to exercise the rights and cash out, the company will pay the money, buy the options or shares in his hands at the market price, and then re-invest it into the option pool."

Lin Qingya said: "What do you mean is to cycle our option pool?"

"Yes." Li Mu nodded: "The option pool cannot be just out but not in. In this way, five points will be divided and equity will be diluted again. For us in the future, cash is the most irrelevant thing, but options and shares will be divided less and less. So if our employees decide to exercise the rights, we will use the company's funds to buy the options back."

Given that each employee's living standards, income levels and expenditure needs are different, few employees can hold the company's options or shares for several years, without considering exercising the rights, most employees will exercise the rights in a short time after allowing the rights to be exercised, and first get the cash. In this case, the company pays to buy the options back, and the group of employees who received the options get real money, and the company's option pool is replenished. For new employees in the later stage, the total amount of the option pool is sufficiently guaranteed.

The operation method of the option pool is defined as a cycle. In the future, what drives the option pool to continue to operate will not be a scarce equity, but cash, which will be more beneficial to the company's future long-term development.

Although Li Mu is willing to share the profit, he has a degree of severity. If the shares in his hands are constantly diluted, he may eventually lose control of the company. This is something he cannot accept at this stage. If he decides to retire in the future, he can hand over the control of the company. At that time, he can gradually cash out the shares in his hands and enjoy his life completely. However, before that, Li Mu still needs to ensure absolute control of his own company.

After setting options, Li Mu told Lin Qingya to immediately formulate the current option allocation rules, and then arranged a special person to formulate relevant announcements to all employees of Muye Technology. He himself was ready to return to China. The last thing before leaving was to take down the ben.clarkson, which proposed the concept of "centralization".

...

When ben.clarkson came to Makino Technology as promised, he was always extremely nervous.

The reason for his uneasiness is that he does have a worship of Li Mu that is beyond all his peers. ben.clarkson once conducted a very in-depth study of Li Mu's entire entrepreneurial history. The more he studied it, the more he admired Li Mu.

What amazed ben.clarkson the most is that Makino Technology has never made any mistakes during the high-speed advancement process and has almost always taken the best route at the fastest speed. This is really admirable.

After years of development, the Internet industry has gradually formed multiple relatively mature sub-fields, and for each sub-field, it is an extremely huge and complex maze. Li Mu gave ben.clarkson the feeling is like a special abilities who can pass through the wall. He quickly rushed into every field and could pass the level at the fastest speed. With such a perverted existence, Li Mu is the only one in ben.clarkson's mind.

Lin Qingya took ben.clarkson to Li Mu's office and stood outside the door. Ben.clarkson's heart was almost to his throat.

Although he didn't know why Li Mu would invite him to come and have a chat, he knew very well that a busy person like Li Mu would have specially invited him to come and talk because he had read the article he wrote.

Just as ben.clarkson speculated about what Li Mu's real purpose was to find him, Lin Qingya had already knocked on the door of Li Mu's office and then made a call to make ben.clarkson advanced.

ben.clarkson hesitated for a moment, and walked in nervously. At this moment, Li Mu was sitting in his desk. He looked up and saw ben.clarkson, and couldn't help but be surprised. He never dreamed that ben.clarkson was actually a burly and muscular man.

Li Mu thought that the editor-in-chief of a well-known magazine like ben.clarkson must also be from the Internet. The overall feeling should be like Bill Gates. She is very bookish with glasses, and she usually looks a little dull just looking outside.

Ben.clarkson himself is not only a strong and muscular man, but also does not wear glasses. He has a tattoo as big as a palm on his thick arm, and he has a tattoo of a little girl's avatar.

Lin Qingya and Zai Ben.clarkson walked in behind him and introduced to Li Mu: "Mr. Li, this is Mr.clarkson."

After saying that, he said to ben.clarkson again: "Mr. clarkson, this is Mr. Li and Li Mu."

ben.clarkson said excitedly: "Hello, Mr. Li, I have admired you for a long time. Today I finally have the opportunity to meet the real person!"

Li Mu said politely: "Mr. clarkson, I have admired you for a long time. I have read all your articles and blogs recently. Your understanding of the Internet is the strongest among all the people I have ever met."

ben.clarkson said in a modest manner: "Mr. Li Mu praised it. To describe it in a Chinese idiom, I am talking about it on paper. Compared with entrepreneurs like you who actually start a business, it is too far behind it."

Li Mu smiled slightly and said, "Talking about war on paper is of use. If the talk on paper is wrong, it will definitely have no value. However, if the real key point can be found, then talking on paper is equivalent to planning. In all large-scale battles, the real commanders are not on the front line, and they are even 100,800 miles away from the front line. But it is precisely because of their understanding and grasp of the key points that they can understand the overall situation and fight a war involving countless people well."

ben.clarkson nodded and smiled, "You are right."

Li Mu asked ben.clarkson: "What kind of work did Mr.clarkson do before joining "silion-valley-magazine"?"

ben.clarkson said: "Before this, I was doing product development at Apple. After Jobs left, I joined Cisco and also doing product development."

Li Mu said in surprise: "How could product development become the editor-in-chief of the magazine? Is this span a little too big?"

ben.clarkson smiled and said, "It sounds like this. In fact, it's mainly because when I was in Apple, I tried to write columns for some technology magazines. As I wrote, I found that I really like to be an industry commentator. So when I was at Cisco, I found an opportunity to interview the magazine. The other party was very satisfied with each other and the salary and benefits he gave were all fine, so I agreed."

Li Mu couldn't help but nodded and smiled: "It seems that your experience in business is still very rich. Have you felt bored over time as an industry commentator over the past few years? Have you ever had the idea of ​​returning to the front line?"

ben.clarkson sighed softly and said, "I'm honest, I really have the idea of ​​going back to the front line just from my heart. The commentator has been doing it for too long and has seen too many successes and failures. I always feel that I already have very experience and can't wait to verify my current abilities."

Speaking of this, ben.clarkson paused and said, "But if you consider it another dimension, I feel that I have been out of touch with the industry for too long, and my practical ability must be very weak. Many times, my mind is very clear and I have ideas, but I am afraid that there will be problems in the execution. Just like the author, Hemingway wrote the same story, "The Old Man and the Sea". Writing it with poor writing may be a boring and boring article."

Li Mu said: "I highly agree with what you said. Theories and ideas need to be achieved through strong execution. Both are indispensable."

ben.clarkson smiled and said, "So I feel that I may not be suitable to return to the front line of the Internet industry. What I can be sure of now is that I have some industry analysis capabilities, but the rest are still unknown."

Li Mu nodded, looked at ben.clarkson, and said seriously: "Have you ever thought that under the teamwork model, your analytical ability of the industry can also be implemented through other ends of the team?"

ben.clarkson asked curiously: "Mr. Li, what do you mean?"

Li Mu said: "I invite you here today. I have two positions that I hope you will consider together."

ben.clarkson asked subconsciously: "Which two?"

"The editor-in-chief of yy.com it channel and the general consultant of Makino Technology's strategic research office!"
Chapter completed!