My Age of Investment

No money to read novels? Send you cash or coins, and get it within 1 day! Pay attention to the public · public · account [investment good article], get it for free!

"Your request makes me very embarrassed?"

In the Facebook office, Andrew crossed Erlang's legs, crossed his chest with his arms, and looked at Xia Jingxing with a serious face.

"What's the problem? I just want you to help analyze and see if doing so will violate the non-compete agreement."

Xia Jingxing is not a professional law student. To be on the safe side, he decided to ask Andrew to provide some legal consulting services to check before he started work.

Andrew said slowly, "In the last A round of financing, you, as the actual controller and founding shareholder of the target company, signed a two-year non-compete agreement with other key employees.

That is, for whatever reason, no longer actually control the target company, withdraw from the investment, or terminate the labor relationship with the target company…

All of this will be subject to a two-year non-compete agreement. "

Andrew glanced at Xia Jingxing and said angrily, "The last time Axel wanted to invest in Youyoumi, it was only after the approval of Facebook.

They are also doing this because of non-compete agreements.

Your negotiation is so strong that you have to restrict investment institutions abruptly.

Now it's your turn, you also have to abide by this agreement, otherwise Axel will never give up. "

Xia Jingxing nodded and said calmly, "Actually, I know all this, mainly the content of the agreement, what can be done and what cannot be done."

Andrew took a long breath and said lightly compared to an index finger:

"First, you cannot create, acquire, manage, operate, own or control, in whole or in part, a business that competes with the target company."

Xia Jingxing nodded, "I understand, it just can't compete with Facebook's business, right?"

Andrew nodded slightly, compared to his second finger: "Secondly, you cannot persuade any employee of the target company to terminate or terminate their labor relationship with the target company."

Xia Jingxing shook his head, "If I really want to do it, I won't dig the corners of Facebook, is this okay?"

Andrew continued, "The core question at the moment is whether the video sharing website you mentioned will form a competitive relationship with Facebook?"

Xia Jingxing frowned and said, "In the agreement we signed, we and the A-round investors have determined the industry scope of non-compete.

The scope refers to social networking sites and video sites that contain text and pictures, but not among them. "

"really?"

Andrew was stunned. He could not remember the specific content of the agreement, let alone the scope of the industry in the additional non-compete agreement.

I saw it at the time, and now I have forgotten about it.

He pressed Xia Jingxing: "Do you have an agreement? Hurry up and show it to me."

Xia Jingxing started rummaging through boxes for a while.

After a while, he found the copy in the drawer.

He handed the document to Andrew and said: "Here is a copy, the original is in the bank safe.

"

Andrew nodded, this is a relatively important document, and naturally it must be properly kept.

Holding the document, Andrew read it carefully.

Xia Jingxing did not speak and waited silently.

Andrew looked very carefully, his head was buried, and he was very focused.

After half an hour, he raised his head: "In two years, will Facebook have a video business?"

"That's not a good idea."

Xia Jingxing shook his head because he was not very sure.

"To be honest, I feel that this video website, if it is as you said, users shoot videos, upload and share, this is actually a kind of life sharing.

It is more intuitive and specific than the current Facebook text and pictures!

If this video site can become bigger and be sought after and loved by young people, it will definitely form a competitive relationship with Facebook in a certain sense. "

Andrew changed the conversation, "However, if you insist on building such a website, the legal risks are not unavoidable.

It's just that you have to be careful, this video website does not come up with anything related to "friendship" and "socialization".

At the same time, Facebook will not launch a video business for two years.

In this way, the two companies did not compete during the two-year non-compete period and did not violate the agreement. "

"If this site is doing well, do you think Blayer will jump out and do something?"

Xia Jingxing looked at Andrew and asked.

Andrew spread his hands, "It's hard to say, in the past two years, you can't be caught by him, otherwise you will be passive.

And once word spreads, your reputation in the venture capital world can get pretty bad. "

Xia Jingxing did not speak, but thought about it in his heart.

His situation was different from Jack Ma.

Alipay was directly hatched by Ali Baba. At first, it was within the Ali system and belonged to all shareholders.

Later, Alipay's equity and control rights were abruptly transferred to a company controlled by Jack Ma.

This incident made shareholders such as SoftBank and Yahoo very dissatisfied and made a lot of noise.

In the end, Jack Ma promised Alipay to pay Alipay a technology licensing fee every year, and also promised to allocate 33% of the equity to Ali on the eve of the listing, and this matter was settled.

At the same time, Jack Ma also promised that his personal holdings in Alipay would not exceed 8.8%, because at the time of the split, he only held so much in Alipay.

The main reason for making such a statement is to clarify myself and say that I am doing this not purely for personal interests, but for the good of Alipay and shareholders.

Xia Jingxing wanted to set up a video website.

The site could be privately funded by him, grow and sell to Google.

Or sell it to Facebook, so as to increase your shareholding in Facebook, and at the same time make Facebook stronger than the previous life.

Of course, it is an undeniable fact that there is a lot of traffic in Google, which has boosted the development of video sites.

And if the video website is in the hands of Facebook, it is not certain whether it can still have the influence of the previous life.

In fact, Facebook is not weak. With the help of the huge user scale, it is very possible to develop the video website better.

These are long-term things.

What he needs to consider now is to set up a video website by himself?

Or, incubating a sub-product within the Facebook system?

He established it by himself, and he also needed to invest a lot of money in the early stage, either by himself or by financing.

Once financing, his shareholding in the video website will inevitably decline, which is no different from Facebook's own incubation.

He currently holds 63.18% of Facebook shares, which is not a low shareholding ratio.

If his shareholding in the video site is lower than this ratio, and he sells it to Facebook, he will actually lose money.

As far as he knows, YouTube has gone through three rounds of financing from its establishment to selling itself, and each round only releases 10% of its equity, which is very restrained.

However, the total shareholding of the two founders of YouTube is only in the early 40s, and employees hold nearly 30% of the shares.

According to the development of YouTube, it is actually better to incubate in the Facebook system.

If the video website is incubated by Facebook, basically no financing is needed in the early stage, and using Facebook's user base of nearly 20 million, from the beginning of its establishment, the video website can take off directly.

The probability of success is definitely higher than that of him setting up a video website outside the Facebook system.

Facebook currently has people, venues, money, and everything.

If you start from scratch to build a video website, it is equivalent to repeating the wheel.

"Daren, what are you thinking?"

Andrew's voice brought Xia Jingxing back to reality.

Genius for a second to remember the address of this site: . Mobile version reading website: