Ren Zhengfei was born in 1944, and Li Feng was born in 1984. A 63 -year -old man, a 23 -year -old young man, is 40 years old, but the two people who meet in Pingshui are like forgetting the year. Talking is very harmonious.

Everyone did not say the "Android Alliance", but talked about the current scientific and technological situation, as well as all aspects of social development, and even some family chores.

Especially when Ren Zhengfei knows that Li Feng is from an ordinary worker family and is really surprised by Li Feng's entrepreneurial experience. Although Ren Zhengfei has seen Li Feng very high, he also found that this young man was low.

And through conversation, he found that this young man also has the calmness and stability of different ordinary people. Li Yinan around him looks too immature. It is really not a grade.

The successor ".

During the conversation, the two also asked each other's situation of each other's enterprises, and conducted in -depth discussions on some issues of corporate management and enterprise development.

Of course, in many cases, Li Feng's request is the main. Although Li Feng has also started a business for many years and has also been in Harvard’s MBA, "the school comes to school is shallow."

Entrepreneurs gave Li Feng a lot of unique insights.

Li Feng is indeed very inspirational, and it really benefits a lot. No wonder Ma Yun likes to jump everywhere. Many entrepreneurs also like to report to the group for heating. It turned out that I could really learn a lot of things. This experience and experience.

I can't learn any book,

Even Li Feng has an idea, and what corporate furniture music department is established, and regular discussions are held to exchange experience, but Li Feng has always been "do the best if you do",

He didn't want to limit the chamber of commerce in China. He also wanted to do a world -class corporate furniture music department, but his current strength and influence are not enough to do this. Let's put it first.

Since there is such a good "teacher" in front of him, then Li Feng is also a "student", so he is usually confused, and ask Ren Zhengfei a lot of questions in one breath.

And Ren Zhengfei also answered very patiently. Not only did Li Feng benefit a lot, but even Long Xiaotian next to him also benefited a lot. Only Li Yinan was still in a hurry.

Especially for the "virtual authorization stocks" for the preparations for Fengrui X Labs, Li Feng also deliberately wanted to serve as a non -taught. After all, this is the true ancestor of the "virtual authorization stock".

"President Ren, I am going to use your" virtual authorization stocks "in my Fengrui X laboratory. Do you have any suggestions?" Li Feng asked.

"Then how is your laboratory, how is the current shares divided." Ren Zhengfei asked.

At present, the "Fengrui X Lab" shares structure is: Li Feng holds 82.4%, management 8.1%, MIH holds 5%, and SoftBank holds 4.5%.

If the same proportion of MIH and SoftBank's shares will be converted, Li Feng and management will decrease by 9.5%in Fengrui Technology's shares, then the shares of the Fengrui X Lab will increase accordingly.

The front holds 82.4%, the management is 8.1%, and the new increase is 9.5%.

If Li Feng and the management's investment ratio (82.4: 8.1) allocate this newly increased 9.5%of the shares, Li Fengxin increased to 8.65%, and the management was 0.85%; the management was 0.85%;

Finally, the "Fengrui X Lab" shares structure is: Li Feng holds 91.05%and management 8.95%.

Li Feng has always been "two or eight points", and the current share structure is mainly based on Li Feng and Fengrui Technology at that time, and the proportion of Li Feng and management in Fengrui Technology is two or eight points.

Therefore, after Li Feng was generally calculated, he also said to Ren Zhengfei: "If the conversion of the shares is smooth, then our shares in our Xingrui X Lab are very simple.

10 %. ""

"Ninety % of you, no one else is the management? Or is there a risk agency or something?" Ren Zhengfei couldn't believe it.

A company can do so big, and the founder can firmly control the shares in his hands. This is simply incredible. I really don't know how this young man did it.

Li Feng also gave Ren Zhengfei a positive answer, "Mainly, the investment in the early stage of Feng Rui was invested, and the financing only made two rounds in the future, and the financing ratio was very small.

As for the shares of other venture capital institutions in the experimental building, I am going to convert it to Fengrui Technology in the same year. Therefore, the proportion of Fengrui X Lab is really simple.

"Why do you change the same proportion? Forget it, I seem to ask too much questions. Let's talk about the" virtual authorization stock "in your laboratory now,

In fact, our "virtual authorization stock" is not as good as the outside world. This is actually the product of the times. If we did not do this at that time, then we could not survive in Huawei.

This is actually equivalent to a disguised financing, but our Huawei financing target is Huawei employees, and this financing procedure is simple, and we don't need to review the report. We don't need to be responsible for shareholders, we only need to be responsible for employees.

"

Later, Ren Zhengfei talked about the precautions of this kind of "virtual authorization stock" and his pros and cons. Li Feng also listened carefully to learning. This is simply a kind of on -site teaching.

Huawei's "virtual authorization stocks" are based on the voluntary purchase of employees. So far, Huawei employees increase their capital through Huawei unions through the form of virtual stocks exceeding 26 billion yuan.

In contrast, Huawei's direct competitor ZTE Communications, which has raised a total of only 2.4 billion yuan since the listing of A shares. It was listed in Hong Kong in 2004, and the financing was only 2.1 billion Hong Kong dollars.

It can be seen from here that the system of Huawei's virtual stock financing system is more effective than incentives for options of listed companies.

The equity incentives of listed companies can only issue new shares, or existing shareholders to transfer old shares, with limited resources, and they must be approved by the shareholders' meeting. The operation cost is high. Virtual stocks can increase indefinitely, and the source of stocks is not a problem.

In addition, internal distribution, there is almost no supervision cost.

The reason why Huawei employees are willing to buy Huawei virtual equity is that Huawei has developed at a high speed in the past ten years, and its equity has greatly appreciated;

And once such an equity incentive system is implemented, it is impossible to go public, and employees cannot obtain huge capital newspapers.

Therefore, this "virtual authorization stock" has advantages.

However, "children only make choices, adults have to be all of them." These are just right for Li Feng. Fengrui X Labs does not need financing and listing, and "virtual authorization stocks" can be used.

, Can be operated by other sharp -subordinate companies.
Chapter completed!