Reinventing the Millennium

On October 8, the light rain made the air in Shanghai full of humidity.

Wang Fengyi hated this feeling and even felt a little irritable.

However, he didn't know whether his irritability was due to the weather or the man sitting in front of him.

"Brother, what's going on with you?"

Sitting in the conference room on the 23rd floor of Hang Lung at six o'clock in the morning, Wang Fengyi swore that this was the earliest time he had gotten up in a year.

"The policy is about to change, and I am helpless." Fang Zhuo finished drinking the warm soy milk, threw the cup into the trash can, and said extremely innocently when facing the questioning eyes of the deputy general manager of Shenxin Science and Technology.

"Policy, policy, this, policy..."

As if these two words were hot on the tongue, Wang Fengyi kept mumbling them over and over again.

Fang Zhuo flew back to Shencheng from Yangcheng in the early morning, and immediately made an appointment with Wang Fengyi to meet at the company in the morning. Although he was tired, he still kept his spirits up to face the storm that he was bound to face today.

He continued to ask rhetorically: "Otherwise, am I crazy? My company is number one in the domestic industry, and seeing the opportunity to go public, seeing that I may become the youngest chairman of a listed company in the country, there is something wrong with my mind to let such a thing go. Chance?"

Wang Fengyi's troubled emotions seemed to overflow from his face. He questioned: "Then why didn't you communicate with me before making the announcement? You didn't communicate with other investors either!"

"First, if I communicate, will they stop me from issuing this announcement? I have to express my position before the policy is introduced." Fang Zhuo said slowly, "Second, they will try their best to withdraw the funds. Then the registration network What should I do? Why not just die?"

Fang Zhuo said calmly: "Some people don't want the registration network to die, so I can only let it live."

Wang Fengyi really hoped that Fang Zhuo would not call him "them" but "you". He was also a victim... Why did he sound like an accomplice...

"Brother Wang, you are different from others. You should be able to understand the situation I am facing." Fang Zhuo said gently, "Needless to say, we brothers have an extraordinary relationship."

Wang Fengyi pursed his lips. Actually, it was just okay.

Fang Zhuo casually took out his company's best honorary trophy from the bag on the seat next to him, placed it on the conference table, and sighed: "If you want to win the trophy, you have to bear its weight. Brother Wang, I know you have concerns. , let’s not mention the contract or not, but take a step back and say, did I cheat you with Penguin’s investment?”

This year Penguin has achieved break-even in the first quarter and made profits in the second quarter. Because the situation is getting better and better, the second phase of Shenxin's share purchase has been completed ahead of schedule, and the current third quarter results are even better.

It can be said that this investment, spearheaded by Wang Fengyi, has become an eye-catching achievement that has been discussed up and down in a short period of time.

Wang Fengyi replied sincerely: "Thank you for this investment, brother."

"If you take another ten thousand steps back, even if you lose money on Touguohao.com and Penguin's income rises, and the two sides compete, Brother Wang, you will still be the capable deputy general manager." Fang Zhuo said sincerely.

Wang Fengyi: "...You settled the account very well."

Fang Zhuo said sternly: "It's the current situation, it's the policy that forces me to be like this, otherwise I wouldn't be so shy as to ask Brother Wang for help."

Wang Fengyi's eyes wandered a little.

He sighed and wondered: "Brother, you are too sensitive. We just finished casting the front foot, and you said you can't charge for the back foot. When did you know about this policy?"

It was impossible for Wang Fengyi to help someone after he was tricked, but considering what he just said and the shiny trophy, he asked a question that he needed to find out.

Fang Zhuo didn't answer, but directly took out his phone and called Zheng Danrui from the promotion and application team.

The call is connected.

"Team Leader Zheng, is this a change in policy trends that you personally came to my office to notify?" Fang Zhuo said simply, "I must use my personality to guarantee to General Manager Wang Fengyi that I am not talking nonsense."

"Well, yes." Zheng Danrui gave a clear answer without hesitation. In the past two days, he and Fang Zhuo had been raiding friends in Guangdong Province, so they knew very well what the registration network would face.

The call was made so quickly that Wang Fengyi didn't even stop him. He said in a calm tone: "Team Leader Zheng, hey, brother Fang is so excited. I don't believe him. It's mainly because this thing happened so suddenly."

Zheng Danrui just said "hmm" and didn't say much. He understood that this was asking for his attitude.

"Team Leader Zheng, have a good rest. I have been troublesome for the past two days." Fang Zhuo hung up the phone and said to himself, "Brother Wang, to be honest, I just flew back from Guangdong Province in the early morning and was accompanying Team Zheng I went there to visit friends and discuss the business of a small piece of land."

"If Guohao.com loses its core hematopoietic capabilities, it is bound to explore more possibilities. E-commerce warehousing and distribution of medical drugs is a good direction."

Wang Fengyi shook his head in his heart, not believing this at all. Can a company's core business be replaced at will?

The next second, he suddenly reacted and said in surprise: "Guangdong Province land? Did you spend money on the raid?"

Fang Zhuo nodded and said with a push: "What Team Leader Zheng means is that he has connections. The registration network has chosen a place in Mayong Town. It is 29 kilometers away from the provincial capital Yangcheng City and 29 kilometers away from Dongguan City. It is 22 kilometers away from the district and the geographical location is quite favorable.”

Wang Fengyi pondered over it for a few seconds, then lost his voice and said, "Did you spend the financing money?"

Before Fang Zhuo opened his mouth, he heard loud noises coming from outside the conference room. He hurriedly nodded to Wang Fengyi, stood up and opened the half-open door, and saw people from Qijia Venture Capital.

The leader is Xiong Xiaoge, President of IDG Capital China. This is also the second time Fang Zhuo has met him. The last time was on the CCTV program stage.

Also familiar among the crowd was Xu Xin, CEO of Capital Today, with a complicated look on her face.

Almost all the other venture capital investors have seen it.

"Everyone is here, come in and sit down." Fang Zhuo calmly greeted the investors.

Guahao.com issued an announcement last night. These people couldn't get through their phone calls and started contacting other executives. After they responded in the early morning, they made an appointment to meet at the company this morning.

Obviously, they couldn't wait to arrive much earlier than the agreed time.

A group of people poured into the conference room, with a mixture of greetings and reprimands.

Fang Zhuo remained silent and waited until everyone was seated before saying sadly: "As for the major business changes of Guahao.com, I just got the news last night and had to make a decision."

"With changes in industry policies, online registration services will be completely free and open to the public. This is an irreversible trend."

"Originally, I had something to do in Yangcheng and flew back to Shanghai in the early morning. I deeply apologize for not informing everyone as soon as possible."

Fang Zhuo is clear and organized.

However, it was this attitude that made Xiong Xiaoge insist on his own judgment. This guy must have known about it for a long time!

Everything is planned!

"Mr. Fang, the second round of financing is based on the development of online registration, the core business of Guahao.com. In this situation, no matter how it happened, no matter what your difficulties are, we believe that it is no longer suitable to continue cooperation."

Xiong Xiaoge went straight to the point and stated his decision: "It just so happens that the second round of financing has just been reached, so neither of us will suffer much loss."

Fang Zhuo was silent for a moment.

Then, he said: "White paper with black letters and red official seal, you are breaking the contract."

"I would rather break the contract than terminate the cooperation!" Xiong Xiaoge said domineeringly, "If you have to say whether the violation is a breach of contract or not, it will have to be judged by the court. We actually saw this kind of news involving major business changes from the website. Anyway, I really can’t feel your sincerity.”

Fang Zhuo said softly: "I am in Yangcheng. I immediately arranged my affairs after getting the latest news. I flew back overnight and made an appointment with you early in the morning. I only slept for two hours in the middle. Isn't this called sincerity?"

Xiong Xiaoge sneered: "Such a president doesn't even have a phone next to him?"

"Not really. I ran to Mayong Town in Yangcheng and only had time to let the website publish the news. The content was all drawn up by themselves." Fang Zhuo explained.

Xiong Xiaoge didn't believe it and waved his hand: "I don't want to have these verbal disputes with you. Will you refund today's money?"

Fang Zhuo said without hesitation: "Breach of contract, no refund."

Xiong Xiaoge was extremely angry and laughed: "If you don't retreat, you have to retreat!"

One was the president of the China Region of a well-known capital, and the other was a cutting-edge boss who had many venture capitalists working with him. The two exchanged words very quickly. It was not until they looked at each other after saying this that no one else could react.

"Mr. Fang, you are also a reputable person. You have been on CCTV and have received exclusive interviews. Why bother? Just refund the money." Xu Xin from Capital Today had dealt with Fang Zhuo and gave soft advice.

"Just like Mr. Xiong said, the company's major events were not notified in advance. The core business has lost the possibility of profitability, and the basis for financing no longer exists. You can return the money." Lin Jia, executive deputy director of 3i Group, frowned and said.

Zhou Zisen, the vice president of Dachen Venture Capital, also said: "There is nothing else to say, just refund the money."

For a moment, seven venture capital firms spoke in nine voices, converging into one voice - refund the money!

Wang Fengyi, who was sitting on the side, was ready to make a move and really had the urge to persuade him together.

However, the separate communication just now let him know one thing, there may not be much money in the account of Guahao.com.

Brother Fang is an honest person.

Since it was indeed temporary news, since it was Team Leader Zheng who spoke personally, and since the two of them went to Guangdong Province to get the land, it was obvious that the matter was moving forward under the guidance of one will.

Is this something Brother Fang can decide?

no.

In this case, it's better to sell favors, and you won't get any money even if you really break up.

Wang Fengyi thought like this, but didn't say anything to help Fang Zhuo. He wanted to see if these people could force money out of him.

In the conference room, Fang Zhuo faced a group of people alone without speaking, and his words would be drowned in everyone's voices.

However, eyes represent attitude.

When the sound in the conference room gradually subsided, Fang Zhuo slowly spoke: "Not long ago, we were all sitting together with great ambitions. Now when something happens, we immediately turn against each other. It's too chilling."

Xiong Xiaoge thought it was funny, but who was upset?

Fang Zhuo's expression gradually became sad and angry: "This happened unexpectedly, and I am sincere!"

Fang Zhuo's expression was very sad and angry: "If you want to divest your investment now, you will let Guohao.com die!"

Fang Zhuo's expression was completely sad and angry: "No one can bully people like this! Thirty years in Hedong, thirty years in Hexi, don't bully young people into poverty!"

Everyone: "..."

Please, you are in Hedong last month and Hexi this month, don’t bully venture capitalists to get rich!

Xiong Xiaoge just sneered and said domineeringly: "If you feel that you have breached the contract, then go through the legal process. Anyway, if you retreat today, you have to retreat, and if you don't retreat, you have to retreat!"

Fang Zhuo also sneered: "I would like to know why you have to retreat even if you don't retreat?"

"Mr. Wang, what did you say?" Xiong Xiaoge suddenly looked at Wang Fengyi, who was silent.

In an instant, everyone, including Fang Zhuo, looked at him.

Seven venture capital firms and one little brother with administrative connections.

Wang Fengyi felt extremely panicked. He coughed, hesitated for three seconds, glanced at the "National Internet Innovation Enterprise" trophy on the table, and said: "We apply for a new one, cough, we apply for a new one." They signed the 'Concerted Acting Persons Agreement' with Guohao.com."

The venture capital investors all thought in their minds that we had a traitor!

Xiong Xiaoge did not dissuade, but said in a warning manner: "Mr. Wang, at this time, you have to take the overall situation into consideration."

Wang Fengyi said nothing.

Fang Zhuo smiled instead and asked: "Mr. Xiong, what is the overall situation? After you get out of this door, ask the people, because the registration network will be defunded because it is unwilling to collect money from them, who is the overall situation?" ?”

Xiong Xiaoge said coldly: "These are two different things. Fang Zhuo, I now request that the shareholders' meeting be convened immediately."

He said word for word: "Remove your position as president and nominate me, Xiong Xiaoge, as the president of the registration network."

There was a sound of "secondary proposal" from the side.

Fang Zhuo spoke without pretense and said angrily: "Want to seize power? Do you have enough votes?"

Xiong Xiaoge looked at Fang Zhuo: "Shen Xin only has 13%, plus your 33.56% and the co-founder's 2.52%, it's only 49.08%. Do you think we have enough votes?"

Fang Zhuo suddenly laughed: "How much do the seven of your families add up to?"

He asked himself and answered: "45.8%."

The two looked at each other and both understood that the key point of share voting was the 5.12% established by the company's option pool.

However, Xiong Xiaoge had a bad feeling in his heart. If the other party was deliberately...

The expression on his face remained unchanged, and he showed the ownership of the final 5.12% of the votes: "Sequoia controls the equity of Lugua."

The registered name of Guahao.com is Wanzhou Guahao.com, while the Luguao mentioned by Xiong Xiaoge refers to Luzhou Guahao.com, which is specially registered to hold options on its behalf.

Because the country does not allow the practice of reserving shares in advance, the option pool is set up to hold these shares through a specific person or the establishment of a new company.

Whenever a high-level employee is granted options, the employee will receive shares in the new company and indirectly acquire shares in the company.

Guohao.com adopts this approach. Its angel round is Sequoia Investment, which established a Luzhou Guohao.com holding agency. At the same time, the major shareholder of this company is Sequoia.

Now, all it takes is Sequoia Holdings' Lu Guo to take out 4.2% of the 5.12% of the option pool. Then, the voting power of the venture capital's shares will be greater than that of the company's team.

Fang Zhuo's lips curled up slightly, and he pressed the speed dial on his phone: "Everyone in the company who has voting rights should come to the conference room."

In just two seconds, the door of the conference room was pushed open.

Yu Hong, Su Wei, Zhou Xin and two others walked in.

"Mr. Xiong, let me introduce to you. These two are Chen Ming and Wei Wei, the deputy directors of our technology department. They are both from the University of Science and Technology. They each hold 0.5% of the option pool. In other words, we are not 49.08%. "

Fang Zhuo calmly introduced the two deputy directors.

Xiong Xiaoge looked at the two deputy directors in confusion. It was not 49.08%, but 50.08%.

He looked back at Sequoia's men.

Sequoia Vice President Liao Yong asked anxiously: "When did this happen?"

"It's good that Sequoia is the major shareholder, but I am the legal person and president of Lu Gua. Sequoia probably didn't pay attention to this small matter. After all, it is a normal condition for high-level talents." Fang Zhuo explained calmly.

In fact, these two 0.5% shares were given to the two deputy directors after the second round of financing. Together with the application for the "Concerted Acting Person Agreement", it was just enough to vote.

AB shares are not popular in China now, otherwise it would be more troublesome.

Xiong Xiaoge stared at the young president in the conference room, feeling angry and wanting to laugh.

He nodded repeatedly: "Okay, okay, Mr. Fang, you have courage and good means. I am willing to accept defeat. I am willing to accept defeat."

"Okay, I'll wait until Mr. Xiong has enough votes to come to me." Fang Zhuo stretched out his right hand and said goodbye to the company's investors.

Xiong Xiaoge turned around and left, followed by the condolences of his peers.

He suddenly realized that with such deliberate efforts, the money would most likely be gone.

I have been hunting geese all day long, and today the geese pecked my eyes!