My Age of Investment

Chapter 187 187, M-sequences and E-sequences

"Hello, Daeron!" Just two hours after Xia Jingxing and Blackburn finished talking on the phone, Bezos asked his secretary to call Xia Jingxing, and he came up with a hello. Xia Jingxing didn't expect Bei Tu to talk to him in person, he was a little surprised, but after thinking about it, he felt normal. In the past, Facebook was just an inconspicuous small company that only completed an angel round of financing of $500,000. Now, after completing the A round of financing, Facebook is valued at nearly 600 million US dollars, and the gap with Amazon is not that big, and it is barely in the eyes of this e-commerce giant. "Hello, Mr. Bezos!" "Congratulations on completing the A round of financing. I heard that the whole Silicon Valley is now discussing your deeds." "Haha, thank you!" After a while, Bezos started talking To the point. "If Owen wants to join you, I have no objection in principle." Xia Jingxing said thank you with a smile, but did not relax because of this, knowing that the other party must have something to say. as predicted! Bezos continued: "In the more than half a year of Amazon's cooperation with Facebook, Facebook has recommended more than 400,000 new users to us. After these young student users have experienced online shopping, they are very satisfied, and most of them have Continue to shop on Amazon. But as Facebook's growth in the campus market slowly stalls, and you've opened up registration to all people, this has brought our cooperation to a stage of stagnation. I hope , continue to strengthen the cooperation between our two companies." Xia Jingxing asked: "What does Mr. Bezos mean?" Bezos said very directly: "Facebook has users, Amazon has complete E-commerce solutions. In my opinion, it is better to add a mall function to Facebook, we will provide you with technical support solutions and support in logistics, warehousing, etc. And you can do C2C mode, allowing users to communicate with each other on Facebook Selling things." Xia Jingxing understood now, Baldy Bei had a good plan, he wanted Facebook to become Amazon's e-commerce distribution website, and at the same time, he could do C2C, and maybe he could share part of eaby's business. But what has Facebook really done? Social networking site? Or an e-commerce site? If the development orientation is not clear, we can only wait to die. And now that the social battlefield is not over yet, how dare you open up a second battlefield? Therefore, he could only refuse Bei Bald's "kindness". "Mr. Bezos, I think your plan is very good, but considering that Facebook's position in the social market is not stable at present, this plan can only be postponed. After Facebook's position in the social market is completely stabilized, It's not too late for us to discuss this plan." Bezos laughed on the phone: "If you are worried about funding, Amazon can invest in you!" "It's not about funding, it's about development strategy, just like Amazon's most important issue. We started with self-employment only and then opened it up to third parties, so we also need to stabilize our own basic market." Seeing Xia Jingxing's firm attitude, Bezos also gave up the instigation plan. He originally wanted Facebook to help Amazon explore the way to see if the "social + online shopping" business model could work. If he can get through, he can buy Facebook, and then add a general to Amazon to inject new growth momentum. If it doesn't make it through, Amazon will lose a little money invested. Unfortunately, the young man did not listen to him. Facebook and Amazon are also currently in a cooperative relationship. Even if the scale of the cooperation is not large, it is still a partner. It is impossible for him to direct Facebook as his own subsidiary. Xia Jingxing didn't want to, so he couldn't force it. As for the matter that Owen, the vice president, was going to join Facebook, he did not use it to threaten Xia Jingxing, and let him go directly. This is not because he is merciful, but because there is not enough bargaining chips, and if the threat fails, it will bring negative effects. It is better to give a favor. Xia Jingxing wanted to dig up their people and took the initiative to come to them to discuss, this matter still gave them some good impressions. If he starts poaching people without saying hello, then he has a different attitude. ……………… After obtaining the consent of Amazon, Owen successfully joined Facebook and took up the post of CFO.

With Luo Li as CHO, plus COO Yang Niu, Xiao Dog, CTO Evans, and Xia Jingxing himself as CEO, the executive team of Facebook's six O's is officially established. In the Facebook conference room, six people discussed the company's "employee incentive plan" and "middle management introduction plan". Employee option incentives, which Xia Jingxing promised, were carried out after the company completed the A round of financing. The staff had been looking forward to it for a long time, and Xia Jingxing delayed it for a while. It's not that he doesn't want to keep his promise, but he wants to make a fuss about it. Everyone has no problem with employee option incentives, and Puppy, Yang Niu, and Evans are all very supportive. But for the introduction of middle management, everyone has different views. "Daren, I'm not against the introduction of some experienced middle-level management, but should we promote a few grass-roots employees who have joined the company earlier and performed outstandingly as appropriate?" , can not cold the heart of the company's veterans. After thinking for a moment, Xia Jingxing said, "Didn't we promote a few people before? If we promote a few more now, there will be no room for the middle-level outsiders. After all, the company is so large and there are only so many places. After the recruitment plan, the maximum number of employees has increased to about a hundred people." Luo Li, who was the new officer, spoke, and she said softly: "Christina, I understand your feelings very much. There are many grassroots employees. They all accompanied the company from the weak stage to today, and made a lot of credit for the company's growth. But it does not mean that if you have contributed to the company in the earlier stage, you are suitable for management positions. Some people are not suitable for management by nature. , more suitable for technical research. The company's current "E-sequence" is specially launched for engineers who focus on technical positions. There are nine levels from E1 to E9. As long as E6 is reached, the salary and option incentives are the same as those of the most basic level. Management M1 corresponds. They don’t need to be the management team, they keep working on the technology, and they can get an income that is not inferior to the management.” Xia Jingxing nodded and smiled. Facebook's upcoming "E-sequence" and "M-sequence" are similar to those of domestic Internet giants. In fact, this level is spread from abroad to China. It’s just that there are not so many levels on Facebook. There are nine levels for technical positions and four levels for management positions. Too many levels are not conducive to the flat management of the company. In fact, for now, so many staff levels seem a bit bloated. Several of their CXOs are only M2 sequences, and the middle management below is M1 sequences. If the company becomes bigger in the future, the level before E3 should not be recruited, and there will be a total of seven technical levels and four management levels. "I'm afraid that some key employees will have emotions." Christina is not a stubborn person. Seeing that Xia Jingxing also supports the company's reform, she had to express her concerns. "Don't worry, I'll be the villain!" Luo Li smiled. Several founders didn't want to do such dirty work, so she was the only chief human resources officer here. She was mentally prepared for this.