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Chapter 7: The First VC(2/2)

Naturally, the efficiency of work is extremely high.

Soon a special lawyer came to the door and drafted a contract.

Abel found a lawyer he had known before through his previous memories, and after both parties reviewed the contract.

Signed the contract.

Abel lost $2 million in Wells Fargo's account, and finally, under the ease of rebirth, he added a Ferrari sports car and 90% of the stock of a company called Blue Star Future.

Why 90%? Not 85%?

Because he added another $200,000 in venture capital and obtained 5% of the stock.

The total is 90%.

The remaining 10% stake is in the hands of Piaggio and the entrepreneurial team.

This model is a popular model in Silicon Valley.

Basically, venture capital accounts for the big part, while entrepreneurs and original management teams account for a small part.

Only in this way can the entrepreneurial team work hard, because they are actually their own bosses.

It is not impossible to occupy a 100% shareholding, but it is likely to seriously undermine the enthusiasm of the entrepreneurial team.

This is a serious problem for high-tech companies in the early days.

What's more, Biaggio is unwilling to sell the last 10% stake in his and his entrepreneurial team.

The second mission of Fate Smoke.
Chapter completed!
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