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"Okay, let's call it the Orange Phone for now! I can change it later when I think of something better. I just need to make a decision before the product is officially launched."
Lin Fan was also a patient who had trouble naming. Seeing that everyone supported this name, he readily adopted it.
Zhu Zhaojiang was very happy when he saw that the name he had chosen was adopted by Lin Fan. Although it was only temporary and not certain in the end, he was still very happy.
Among the people present, he had the weakest resume and technical background. He could tell from someone laughing at him just now that these people probably didn't think highly of him.
People compete for a breath, Buddha competes for a stick of incense.
The proposed brand name was temporarily adopted by the boss, and there is nothing worth showing off. He will use more strength to prove himself in the future, and let these turtles with high ambitions and low abilities see what's going on. They can sell mobile phones and bring profits to the company.
That's the point.
There seemed to be some disharmony among the key members, and Lin Fan had noticed it just now.
Everyone has different resumes, educational backgrounds, and positions. It is also the first time we meet each other. It is normal to have friction and disapproval.
As long as he doesn't cause trouble in the follow-up work and affect the company's operation, he won't interfere too much. How can there be so much harmony in this world?
"Okay, the brand name has been tentatively decided. Next, we will officially register the company. The registered capital is..."
Lin Fan glanced at Chen Hong, who nodded slightly towards him.
"$500 million!"
Hearing this, several key members frowned.
Zhou Jiangping, who always acts as the "pioneer to ask questions", was no exception this time. He was the first to ask: "Mr. Lin, isn't it 10 billion?"
Lin Fan was too lazy to be familiar with this Tie Hanhan, and said angrily: "These 500 million US dollars must first be converted into RMB before they can enter the country.
It's easy to get in, but hard to get out!
Moreover, the early stage is mainly for research and development, and there is no need to put it into production, so it does not require so much money.”
Chen Hong glanced at the seven employees with different expressions and continued, "Let me explain, the first phase of domestic funds is indeed US$500 million.
But please note, this is the first issue!
If the funds bottom out, additional funds will be added later.
In addition, we will set up an industrial merger and acquisition fund in Hong Kong, with an initial scale of US$250 million!"
Speaking of this, Chen Hong glanced at Deng Yuanyun, smiled and said: "Old Deng, you and I will be jointly responsible for this fund in the future.
Of course, you will take the lead, and I will provide financial consulting on behalf of Hanergy and connect both parties."
Deng Yuanjun and Chen Hong were old acquaintances. He smiled and nodded to the latter: "Big brother, I will need your guidance in the future."
“Why set up this industrial M&A fund?”
Everyone on the side was listening silently, and Tiehanhan Zhou Guangping jumped out again.
Lin Fan was speechless. Industrial M&A Fund, as the name suggests, you should know what it is, right?
If you get serious with the other person, you will be pissed off sooner or later!
Lin Fan didn't want to explain, so he looked at Chen Hong, who smiled and explained patiently, "To put it simply, we will invest in and acquire companies and technologies that are beneficial to Orange Mobile.
For example, Orange mobile phone chips need to be purchased from one supplier, and other suppliers' technology is not good enough, which greatly affects the performance of the mobile phone.
At this time, in order to consolidate our supply chain relationship, we need to invest in or even acquire this chip company."
Zhou Guangping continued to ask: "Does all suppliers of all components on mobile phones have to take shares?"
Everyone on the sidelines suppressed their smiles, while Chen Hong's mouth twitched. It seemed that apart from technology, this guy really didn't know anything about business.
However, Chen Hong had a good temper and patiently explained to him: "If the craftsmanship is simple and can be easily replaced, you don't need to worry about it. For example, the casing, charger, etc.
But like chips, China is very poor in this area, and all those with higher precision have to be purchased from abroad.
You never know when the supply will be cut off, and the mobile phone won’t be manufactured anymore, do you understand?”
Zhou Guangping nodded, now he really understood, isn't it just to invest in industries that are not good in China? Why is it so complicated?
Lin Fan spoke out at this time: "Okay, I won't say much else.
In short, if I say to invest tens of billions in the mobile phone industry, it will only be more, not less."
Zhou Guangping nodded vigorously, as if to express his loyalty to Lin Fan.
Lin Fan was too lazy to look at this bargain, glanced at the others, and continued: "The 500 million U.S. dollars for Orange Mobile in China will be invested by the temporary capital-Equinox Fund of 490 million U.S. dollars, and Hanergy Investment will invest 100 million U.S. dollars.
At the same time, the two of us will jointly take out 20% of the shares to establish an option pool worth US$100 million at the beginning and who knows how much in the future..."
Zhou Guangping, Lin Bing, Huang Jiangji, Liu De, Deng Yuanyun, Qian Chen, Zhu Zhaojiang and the other seven people all pricked up their ears and listened carefully to Lin Fan's words. This was a matter of vital interest to them.
Compared to the other six people who were sitting upright, Qian Chen was leaning on his chair with a slightly more casual attitude, because he didn't particularly care about the shares and cherished the moment more.
Orange Mobile has allocated entry options starting at one million US dollars and capped at 10 million US dollars for seven people to join.
After more than ten years, this amount of money will definitely not be much, and it will be enough to buy a few houses in the capital.
But now, you can buy dozens of houses in Beijing.
Moreover, this is just an entry-level option. If you perform well at work later, more options will be granted.
Of course, because it is an option, it involves issues such as the exercise time and the repurchase price after resignation.
Lin Fan is an old capitalist, so it is naturally impossible for him to leave any loopholes in this. No one can take advantage of his loopholes, especially those who just want to get a job and make a profit and run away.
At the same time, the options granted are "fixed amount", not "fixed equity ratio".
In other words, as the valuation of Orange Mobile Phones soars, the options for the entry bonus will not fluctuate with it, but will be fixed.
After all, he is just a new employee and has not made any contribution to the company, so he cannot really give away money generously.
Just recruiting talents and showing sincerity has more formal meaning than actual meaning.
Deng Yuanjun was also an old capitalist, so he could see how tricky Lin Fan's stuff was. However, he didn't say much, because he had received tens of millions of dollars in options, which was the highest, and he had nothing to gossip about.
In fact, Deng Yuanyun has the highest position and the highest salary among everyone present, so he is given the highest entry options, but his future performance will depend on his performance.
Zhou Guangping, Lin Bing, Huang Jiangji, Liu De and other four members of Xiaomi currently have lower positions than when Xiaomi was established in their previous life, so they are very satisfied with the option package offered by Lin Fan.
Take Lin Bing as an example. When Xiaomi was established, he had already become the deputy director of Google Research China from the engineering director of Microsoft Research Asia. His position in China is second only to that of the director Li Guanfu.
The most important thing is that Lei Jun did not spend 750 million US dollars like Lin Fan at that time. At the same time, when Xiaomi was founded in 2010, the concept of smartphones was already very popular, and Xiaomi, a latecomer, did not have any first-mover advantage.
Zhu Zhaojiang paid more attention to Lin Fan's demonstrated strength and the exaggerated concept mobile animation. He seemed to have seen a door to a new world.
The idea of starting a business was really extinguished, and he felt that it was really necessary to study at Orange Mobile for a few years.
It doesn't matter whether you have money or not, this kind of learning experience is not something that everyone can have.
Qian Chen had the lowest position. Among the seven key people present, all were vice presidents, and he was the only senior director. However, he had the highest cash salary and the lowest options, one million US dollars.
He has nothing to be dissatisfied about. As long as the money is in place, he can talk about anything.
Each of the seven people has different ideas, but they all have high expectations for the future of Orange Mobile.
After Lin Fan introduced the company's investment, equity structure, option benefits, etc., he began to talk about the organizational structure.
Naturally, he serves as the CEO and chairman of the board.
Software R&D, hardware R&D, industrial design, supply chain, finance, sales and other positions are filled by seven people each.
Chen Hong does not hold a specific position and only holds the title of consultant. In fact, he is a financial investment shareholder. In addition, Hanergy Investment is also responsible for soliciting work for the M&A fund.
Behind the seven people present, there are also seven teams.
Lin Fan made a cursory inquiry, and each of the seven people pulled over his subordinates. The number of employees of Orange Mobile immediately exceeded one hundred.
This does not include Zhu Zhaojiang's old subordinates. Sales are not needed for the time being. They are currently in the research and development stage. Only R&D personnel are needed.
With so many people joining, the structure of Orange Mobile can be supported instantly.
But there is also a problem. With so many people and so many mountains, a certain amount of sand must be mixed in to neutralize it.
But there is no need to say these things.
After listening to everyone's report, Lin Fan put his hands on his hands and smiled: "With so many elites joining us, great things can be expected!"
After the key members' meeting, Lin Fan and Chen Hong sent the seven people to the elevator door.
"Mr. Lin, please stay! We can go down alone."
Zhou Guangping looked at Lin Fan with a smile. Unknowingly, he was representing someone else.
However, the others did not express any dissatisfaction. After all, with Lin Fan's status, being able to take them to the elevator was enough of a courtesy. You couldn't really ask them to take them downstairs, let's take them to the car!
So other people also echoed his words and waved to Lin Fan.
"Yes, Mr. Lin, just send it here!"
"Mr. Lin, goodbye!"
"Let's go, Mr. Lin!"
…
Lin Fan waved to several people and did not look back until the elevator door closed.
Chen Hong on the side said, "Brother Lin, now that we have gathered all the troops, I am going back to the Magic City."
"Not staying for two more days?"
Chen Hong waved his hands hurriedly, "No, no, I've been pimping you for the past half month. There are a lot of projects accumulated in the company, waiting for me to go back and promote them.
In addition, regarding the mobile phone industry M&A fund, I will start setting up a team when I return to help sort out the mobile phone industry and upstream and downstream supply chains at home and abroad.
Don’t worry, we will definitely not slip up and slow down your progress here.”
Lin Fan thought about it. Chen Hong had done nothing in the past half month and had been trying to convince himself. He still had such a big company to manage, so it was really impossible for him to focus all his energy on Orange Phone.
"Okay, Brother Chen Hong, I won't keep you here. We will have a good talk on the day when the company is officially established."
"The Female CEO's Almighty Soldier"
Chen Hong hurriedly agreed and took the elevator to leave without letting Lin Fan see him off.
Lin Fan returned to the hotel's conference room and called over Liu Hai, Yabo and others who were also staying in the hotel.
The conference room, which had just returned to calm, became lively again.
Liu Haixiao said: "Brother Lin, the syndicated loan led by Morgan Stanley has been officially issued, with 4 billion 49.9 million yuan and 1 billion U.S. dollars. The funds in two types of currencies are lying in our ICBC Beijing and Cayman Bank.
In multiple domestic and overseas bank accounts opened.”
Lin Fan nodded. The procedures for such a large loan were complicated and not a simple matter. It only took two months to complete the loan. The efficiency was not low.
Liu Hai, as his confidant, was one of the main handlers of this loan.
This huge loan was negotiated with a banking syndicate headed by Morgan Stanley, and a wave of friendly cooperation was also carried out.
Due to the country's foreign exchange controls, foreign banks such as Morgan Stanley and other foreign banks have made money in the country and cannot easily transfer it overseas. They need to transfer it out in multiple batches every year.
Now Lin Fan has proposed to convert the 500 million US dollars in the loan into RMB, which they really want. This can be regarded as helping them transfer funds in disguise.
At the same time, they also agreed with Lin Fan that all repayments must be made in U.S. dollars.
Lin Fan is also an old capitalist, and what he is plotting is the appreciation of the RMB exchange rate in recent years.
After a few years of repayment, the RMB exchange rate against the US dollar had dropped from eight to six.
It's not that he doesn't want to exchange more RMB, the main reason is that it's easier to get in than to get out, and he doesn't need to hold so many RMB for the time being.
He has arranged for Jiang Ping to get this wave of foreign exchange dividends. Xiaoman Fund is the main way to make money. Making a fortune from loans is just a casual thing.
After recovering his thoughts, Lin Fan ordered: "The RMB bank account has allocated 3.96892 million yuan and will be injected into the Orange mobile bank account that will be opened soon."
Liu Hai nodded. Before this, the boss had already mentioned that he would inject US$490 million into domestic mobile phone companies, which is equivalent to more than 3.9 billion yuan.
The foreigners behind Yabo were almost dumbfounded. The Liqiu Fund's 800 million U.S. dollars were about to be exhausted. The boss turned around and got another 1.5 billion U.S. dollars. Is there a money printing machine hidden in this house?
Yabo smiled and said nothing. He was an insider, and he had brokered the US$1.5 billion loan with his old superior at Morgan Stanley.
Lin Fan looked at Yabo and ordered the latter: "Now that Ahri's due diligence is over, you have a new task. Go to Hong Kong to set up a mobile phone industry M&A fund with a scale of 250 million US dollars..."
After giving some brief instructions, Lin Fan said to others: "The Equinox Fund is defined as a fund of funds, with a tentative scale of 1.5 billion US dollars, in RMB and US dollars.
Ah Li has done a good job. I will leave this fund to you.
In addition to investing in Orange Mobile Phone and Industrial M&A Funds, the Fund of Funds will also invest US$200 million and US$500 million each in Jingzhe, a VC fund to be established in China, and Bailu, a PE fund.
In addition, a co-investment fund - Vernal Equinox, with a tentative scale of US$100 million, will be established in the United States, specifically for additional investment in projects that have emerged from the Beginning of Spring and Rainwater Fund investments..."
Liu Hai, Yabo and several other foreigners from the Liqiu Fund took notes frantically. This was the focus of their next work.
Duck neck suddenly said: "Hey, Boss, something is wrong?"
After saying that, Yabo took out his mobile phone, found a calculator and started to calculate.
Then Yabo raised his head, raised his phone to Lin Fan, and said with a smile: "I did the calculations, and it seems that 1.5 billion US dollars is not enough? All of them add up, and a total of 1.55 billion US dollars is needed."
Liu Hai also reminded aloud at this time: "Brother Lin, the business jet you ordered has an advance payment of US$20 million from the Liqiu Fund for the land, which needs to be paid back as soon as possible.
In addition, you have already hired a designer firm to design architectural drawings for your piece of land, and construction should start next, which will require another amount of money.
In addition, for Tesla’s Series C financing, you will personally need to invest US$13.333 million, and temporary capital will invest US$6.352 million...”
Bangs is like an emotionless machine, constantly reporting out a series of numbers.
Several foreign employees had different expressions. Even if there was a money printing machine in this house, they wouldn't be able to withstand this trick!
Lin Fan clapped his hands and said, "Look at my memory, I almost forgot that the two projects invested by my personal angel, Sky, and Frame Media, invested by Lichun Fund, have entered the exit period.
Liu Hai, Yabo, you two took the lead in setting up a liquidation team to carefully calculate how much money you can get back from these two projects.
I just made a rough calculation before, and it should be two to three billion US dollars, which is definitely enough to fill the hole."
Duck neck and Liu Hai looked at each other and nodded. There is no need to question the boss's strength!
Lin Fan tapped his fingers on the table. The loan of 1.5 billion U.S. dollars, as well as Frame Media, and the hundreds of millions of U.S. dollars that Skap was about to exit would definitely not be invested in the mobile phone industry, mainly because they could not carry so much funds for the time being.
In addition, Android and Tesla are still waiting for food and will rely on his blood transfusions for a long time.
Therefore, the top priority is to find ways to make more money.
If it really doesn't work, then we can only use the funds left abroad by the Lin Group.
However, Lin Fan didn't want to move for the time being unless it was absolutely necessary. If he moved his tail later, it would be difficult to deal with it.
After thinking for a while, Lin Fan started to contact Zheng Sheng.
Funds started to move.
The future of smartphones must be laid out early. With sufficient funds, the foundation will be deeper.
