"Haha, it seems he was woken up." Pang Xiaonan was happy that he had saved a fallen teenager, but this reminded him of Angelina.

"Okay, it's getting late, I'll go to bed, you can rest early, too." Pang Xiaonan got up and walked upstairs.

"Okay, brother, good night."

The next day, Pang Xiaonan remembered that the Spring Bamboo Fund still needed financing, so he went to find Mr. Wang after morning exercises.

When I walked into the garden of Mr. Wang’s villa, I happened to meet Mr. Wang playing Tai Chi under a tree.

"Oh, Lao Wang, you're getting up very early." Pang Xiaonan walked over and greeted Member Wang.

"You get up so early, of course I can't fall behind you." Congressman Wang put away his tricks and looked at Pang Xiaonan with a smile, "Why, do you have something to ask me for so early?"

"There is a small matter. Have you eaten breakfast? Otherwise, I will treat you to breakfast and let's chat while eating?" Pang Xiaonan and Mr. Wang had dinner many times, but they had never eaten breakfast.

"Do you treat me to breakfast? There is breakfast at home, go and enter the house." Member Wang said as he was about to walk towards the villa.

"You're not tired of eating at home every day? Let's change your taste." Pang Xiaonan still insisted on going out to eat.

"Okay, listen to you, I'll tell my family."

The two of them came to the peasant house area on Hailong Island, which was already crowded.

Although today is Sunday, there is no special difference for the working people.

This urban village on Hailong Island is considered a relatively remote urban village in Huahai City. Most of the migrant population living here rely on art to make a living.

People who rely on art to make a living means do not have to work hard to squeeze in transportation every day, but just need to stay at home and constantly polish their skills.

Among them, some painters, some write calligraphy, some write photography, and some do photography. In short, any business that is related to calligraphy and painting has flourished and developed in this urban village on Hailong Island.

These people are either unknown or soaring into the sky. It is said that the most famous painter who has walked out here has tens of millions of paintings.

Most of the houses in this urban village are five or six-story residential houses. Later, the government felt that the style of the urban villages in such a high-end residential area of ​​Hailong Island was really uneven, so it carried out several urban village renovations, making the houses in this area full of artistic sense.

The exterior walls of the house were painted in a unified blue, a light blue, which matched the blue sky and white clouds. Then some houses were invited to painters outside. No, it should be said that the graffiti artists drew shocking paintings, which immediately raised the artistic atmosphere here to a higher level.

Nowadays, those who come to Hailong Island for tourism can not go to the island’s amusement park or to see the mountains and seas, but they will definitely come to this urban village to experience it.

Because this village is located on Hailong Island, it is called Hailong Village. Since Hailong Village was deliberately developed into an art village by the government, it has become more and more prosperous. Young people who dream of entering the art hall by artistic means have flocked to all parts of China, setting off Hailong Village with more artistic atmosphere.

Although artists have the habit of going to bed late and getting up late, the people who serve the artists have begun to work hard. There are also the local residents of Hailong Village, who were either farmers or fishermen, who were used to getting up early. Now they have become landlords, and they all have nothing to do. They get up early in the morning and go leisurely to the teahouse to start a new day.

The plan for the day is in the morning. Drinking morning tea is a must-have homework for the indigenous people of Huahai City every morning. Although the consumption is not very high, there must be enough time, and office workers cannot enjoy this process.

Pang Xiaonan and Mr. Wang came to a relatively high-end restaurant in Hailong Village. Pang Xiaonan asked Mr. Wang: "Have you had early tea here?"

Member Wang shook his head and said, "I haven't come to join in the fun for a long time. Look, there must be a lot of people inside."

Sure enough, as soon as the two of them entered, they saw a crowd of people. The welcome lady said that it was full and needed to get a number to queue up.

Member Wang said to Pang Xiaonan: "Or forget it, let's go out and find a roadside stall to eat. How about eating rice noodles?"

Pang Xiaonan didn't do it. He pointed to the crowded heads on the first floor of the hotel and said, "The place where business is booming must have its own characteristics. If you queue up, I have to see what outstanding places are here today. You are fine anyway, I'm fine, sit here and wait."

So the two sat at the elevator entrance of the hotel lobby and waited for about 10 minutes. The big screen hanging on the wall showed their numbers. So Pang Xiaonan took the note and went into the banquet hall on the first floor with the service staff.

This is a medium-sized restaurant, which is also a landmark building in Hailong Village. It does morning tea business, lunch banquets at noon, and picks up some individual guests at night. The banquet hall is also worth the most.

Pang Xiaonan ordered a pot of black tea, then ordered a few refreshments, and then he and Mr. Wang began to wait patiently. At this time, someone came over with a tea cart. The little girl who was pushing the cart told Pang Xiaonan that if she wanted to get morning tea faster, she could take the menu to the table to pick up the food.

Pang Xiaonan stood up and said to Congressman Wang: "You wait, I'll go and take it myself."

People who eat outside probably have this experience. When the restaurant business is too good and there are not enough service staff, it is best to do it yourself and have enough food and clothing. Otherwise, you may not be able to eat until the flowers fade.

Soon, Pang Xiaonan came back with a few cages of refreshments.

"Come on, eat, Lao Wang, don't be polite." This is the first time that Pang Xiaonan invites Member Wang to dinner, and he still has a simple breakfast.

"What are you asking me for?" Mr. Wang picked up a char siu bun and chewed it. "Well, I haven't eaten this for a long time, and it tastes very authentic."

"That's right. Our fund is burning money too fast. We will be out of ammunition and food soon. I'll find you to think of a solution." Pang Xiaonan was straight to the point, with a shrimp dumpling in his bowl.

"Oh, there's no money?" Congressman Wang nodded, "Actually, I knew from the beginning that you had a good start for those millions, but I didn't expect it to be used up so soon. Tell me, how much more is needed?"

"I'm not easy to say about this, because I don't have any specific management. What do you think?" Pang Xiaonan was eating shrimp dumplings in his mouth and looking at Mr. Wang, "You are the leader in the investment industry, you have experience."

Pang Xiaonan first picked up Member of Congress Wang and asked him to give advice for himself.

"I have read your software. It's done very well and the idea is right." Congressman Wang first affirmed Burkeza's achievements. "If you want to grow bigger immediately, you must spend money."

"Will it be very risky if you spend too much?" Pang Xiaonan felt a little risky. These Internet businesses were not full of sorrows in one year, and now they have passed the Internet dividend era.

"It's a big risk if you smash it less." Mr. Wang took a sip of tea, smashed it, and talked seriously about the concept of Internet investment to Pang Xiaonan.

"If the Internet business wants to grow, it must form a monopoly. You see, now, when you think of search, who will you use, who will you use chat, who will you use mobile payment? There are only one or two representative companies in each field, and the others are cannon fodder."

"So you mean we must become the leading companies in the information field in order to survive." Pang Xiaonan heard some tricks, and he picked up another vegetable heart and put it in his mouth to chew it.

"That's right," Mr. Wang also picked up a vegetable heart. The vegetable heart is so green that it makes people very appetizing. "But to become a leading company, you must gather a large number of users in the short term to form traffic barriers. How can traffic come about? To put it simply and roughly, it is just to spend money to buy it."

"Can't you accumulate slowly? I'm very popular on the homepage news. With a reputation, are you still afraid of not having users?" Pang Xiaonan is still a little worried about paid traffic, just like advertising. The money is spent, but it's hard to say whether it can produce benefits.

"It's too slow for you to attract customers by relying on natural traffic!" Mr. Wang pointed out incisively, "Don't talk about Internet business, it's like the famous brand products in the past. Apart from the better products, no one is overwhelming advertising, TV, newspapers, roadside billboards, as long as you can see, famous brands will definitely appear in front of you."

Pang Xiaonan nodded. Many people know a product, which comes from advertising. No matter what channel it is, the reputation will only be spread actively after using it, but this efficiency is indeed slow.

Mr. Wang continued to teach Pang Xiaonan, "Reputation of mouth is something that people need to experience before they can spread actively, but why do people use your things? Where can they know your things? It can only be advertising. Therefore, only by constantly increasing investment in advertising can our products enter thousands of households."

"It's not enough to just advertise. The essence of the product must be strong." Pang Xiaonan still puts higher requirements for the product's own quality.

"Of course, the premise of your advertising is that the product quality must be guaranteed. Otherwise, the more you advertise, the worse your reputation will be, and the earlier you die." Mr. Wang also has high requirements for quality. If he had not seen Pang Xiaonan and his friends do well in his career, he would not have joined the investment ranks.

"Then how much do you think we still need to invest in advertising?" Pang Xiaonan did not understand the specific operations of investment, but just understood the investment philosophy. This is the field of Mr. Wang.

"Let me do this, I'll invest another 100 million." Congressman Wang threw out an astronomical figure.

"One hundred million?" Pang Xiaonan was a little surprised and quickly took a sip of tea to suppress his shock, "Are you really optimistic about our business?"

"Or don't do it, just make it bigger if you want!" Mr. Wang picked up a piece of rice noodles into his mouth. The glutinous feeling filled his mouth, and the smooth rice noodles melted when they fell into his throat.

"Damn, can you invest less? If you come in for one hundred million, my founder is still a bit of a yarn. Originally, the fund is mine, so it will be yours." Although Pang Xiaonan knew that money is important, he also knew the terribleness of capital. Even if he is the best friend, he has to be polite and then fight when it comes to interests.

"Who said I want to invest in your fund? I just invest in your project, which is the company on Home News now." Mr. Wang gave Pang Xiaonan a blank look and continued to eat his rice noodles.

"Isn't that the same reason? The company is now the only project of our fund. If you requisition the company, it is equivalent to requisitioning the fund." Pang Xiaonan is not stupid. He must be more careful when fighting with a master like Mr. Wang.

"I won't vote if I don't want to vote." Congressman Wang completely extinguished Pang Xiaonan's fantasy.

"Purchase less." But Pang Xiaonan still wanted to fight for it. According to Zhang Ping, it was really impossible to get out of the way.

"It's useless to invest less, or you look for someone else." Mr. Wang still didn't let go because he knew that if there was too little money in this kind of business, it would be impossible to play with it. As long as there were latecomers who were willing to spend money, your creativity and talent belonged to others.

"Hey, don't say anything, I really have a candidate here." Pang Xiaonan suddenly remembered someone.

"Who?" Mr. Wang knew that Pang Xiaonan didn't know a few people in the investment circle, and a waiter suddenly appeared, which surprised him.

"Zhang Ping's father, Zhang Wanliang, do you know him?" Pang Xiaonan felt that they were all people who were involved in the Huahai City shopping mall, so Member Wang should know Zhang Wanliang.

"Zhang Wanliang is Zhang Ping's father, so this problem is easy to deal with." When Congressman Wang heard Zhang Wanliang's name, his eyes suddenly flashed.

"What a good idea?" Pang Xiaonan also picked up a rice noodles. There were only four pieces of rice noodles in a bowl. Mr. Wang had already eaten three pieces. Pang Xiaonan hadn't tried any taste.

"I'll invest 100 million, I'll invest 70 million, and he'll invest 30 million. What do you think?" Mr. Wang felt that the basic principle of 100 million cannot be shaken.

"According to your investment method, do you think Zhang Wanliang is not as rich as you, right?" Pang Xiaonan knew the difference between leading investment and following investment. Generally speaking, wealthy people lead the investment to a large number, while poorer groups follow the investment to a small number.

"No, it's not a question of who has money," Mr. Wang shook his head. "This is a balance and a way to diversify risks. I have a stronger ability to resist risks, so I invest more."

"Don't that mean you have money." Pang Xiaonan disagreed. Mr. Wang was showing off his wealth nakedly.

"Okay, this refreshment is almost finished. Otherwise, you can get some more?" Congressman Wang looked at Pang Xiaonan with a smile. He had to kill this kid today.

"You, you delicious!" Pang Xiaonan got up and brought a large stack of bamboo cages, which contained several special refreshments here.

"Come on, eat, you will feel nauseous." Pang Xiaonan took the lead in picking up a tiger skin chicken claw and chewing it.

"Don't be so stingy. This is a business worth 100 million yuan. I can't bear to eat a few plates of side dishes? By the way, have you brought money? I didn't bring anything." Congressman Wang was afraid that Pang Xiaonan would cheat on him when he was cheating, so he declared in advance that he came out naked.

"Don't worry, I can still support you in this little thing." Pang Xiaonan gave Congressman Wang a blank look, thinking that this old boy would treat him too much as Pang Xiaonan as a figure, and thought he would be lying to the debt.

"Anyway, if you want to raise funds for this project, you need to start with 100 million yuan. Think about it, you spend millions in less than a month, and you will definitely spend more and more money later. I don't know if 100 million yuan can last for a year." Member Wang analyzed the interests of Pang Xiaonan.

"Yes, what you said makes sense." Pang Xiaonan heard from Member Wang's analysis, which is true. As the number of users increases, there will definitely be more and more places to use money later, and financing also has costs, so it is better to get it done in one step.

"But if you come in at 100 million, what's the matter with me?" Pang Xiaonan was still worried that his original intention of establishing a fund would be swallowed up by capital.

"You don't have to worry about this. Although capital has come in, you still have a way to control the entire company. Let me briefly introduce what methods are there." As an investor, Mr. Wang has a very thorough research on the company.

Equity includes two rights, property rights (money) and discourse rights (right). How to divide "money" instead of "right"?

Control of the company is the top priority for every founder. The management team of Vanke, the real estate flagship, accounts for about 5% of the company's equity, and has been repeatedly invaded by barbarians. On the contrary, Ma Yun only accounts for 7.8% of Alibaba's equity, but still holds control of the company tightly in his hands and becomes China's richest man; and the founders of many listed companies have the equity of about 20%. So, without controlling the shares, how do founders control the company?

How many shares should a partner be given to him when he comes in? In fact, there is no 100% scientific and accurate calculation formula. Many times, the distribution of equity is achieved through the matching of the partner team based on their role, ability and resources. However, although there is no 100% formula, it can help everyone share equity through some models and cases.

First, you need to portrait all shareholders of the company. In a company, shareholders are divided into two categories: external shareholders and internal shareholders.

External shareholders are mainly investors. Because for external shareholders, investors usually come in according to the model of issuing new shares, and after entering, all the previous shareholders are usually diluted in the same proportion. Therefore, for investors, it is more about "how much money do you need, how many shares are you willing to sell", and more about the company's valuation.

Internal shareholders include several parts: the first is the founder of the company, usually the boss of the company; the second is the partner team; and the third is the company employees. How to distribute the equity between internal shareholders faces a complex game.

According to the China Company Law and the Company Articles of Association, the highest decision-making body of the company is the shareholders' meeting. The ordinary voting matters of the shareholders' meeting are mostly passed by more than half of the majority of the voting rights, while a few major matters such as the amendment of the company's articles of association require more than two-thirds of the voting rights to be passed. Once you have the controlling rights, you can control the decisions of the shareholders' meeting and then control the company.

There are three forms of equity structure of a company, namely absolute holding, relative holding and non-controlled.
To be continued...