The so-called option rewards have certain restrictions.
In order to stimulate the motivation of employees, Su Yehao approached McKinsey Consulting Company and asked them to arrange professionals to formulate a graded option reward plan based on TVT's number of users, market share and revenue performance.
all in all.
It's probably like a level-breaking game. Every time TVT develops to a new stage, you can unlock equity and cash rewards.
Considering that the number of Internet users continues to increase and the quality of TVT's instant chat product itself is quite good, Su Yehao does not want employees to receive bonus shares too early.
Therefore, he privately made a request to people at McKinsey, hoping that certain rewards would be given until the number of daily active users exceeded 2 million, and in the early stages of the option reward program, cash rewards would still be the mainstay.
This is not because Su Yehao is greedy and reluctant to sell out his stocks.
Mainly because in his opinion, TVT's achievements are a reasonable result. He invested his own money, provided creativity, conceived a development strategy, and also acquired ICQ to attract traffic.
If this cannot be developed, then how incompetent are the employees under my command?
He felt that his employees had not yet been able to prove their value, so Su Yehao chose to appropriately increase the limit requirements for option rewards. He was also worried that TVT employees would become rich too early and become like ICQ in the future.
Relax.
When acquiring ICQ, Su Yehao promised not to lay off employees for two years, but now he deeply regrets it.
In the past few months, when we arranged for McKinsey staff to rectify ICQ, they could only transfer some of the employees who were lagging behind to other departments and continue to pay for their support, so as to prevent laziness from spreading and affecting other employees.
In terms of employment costs, millions of dollars may be wasted in two years. Some executives who have initially achieved financial freedom are also slacking off. They are being transferred and warned. The recent situation is much better than in the first half of the year...
After Jiang Yu returned to the port city, he sent a text message back to Su Yehao, saying that flying across the country was fatal.
Judging from her attitude, it seemed that she did not choose to distance herself. In the next few days, she continued to send messages one after another. There was a time difference between the two places, making communication inconvenient.
November 25th.
In the morning, arranged by KOKO Venture Capital, Su Yehao met with representatives of more than a dozen entrepreneurial teams, covering search engines, online shopping, online games, news, etc.
With 10 million users in hand, he is trying to build a small ecosystem and support some entrepreneurial teams with potential.
This matter is a little more difficult to do than imagined.
There is so much sand in Silicon Valley that mining for gold is a lot of work.
In Su Yehao's eyes, there is actually a better choice, which is to pay attention to the next situation, rush to cash out before the bubble bursts, and wait until the Internet falls into the trough of winter before investing in Amazon, Apple, etc.
High-quality stocks in this category for long-term investment.
It became clear to him that work tasks were taking up "a lot" of his personal time.
I used to spend more than ten minutes every day to get off work, but this time I came to Silicon Valley, I was entangled with more and more things.
After interviewing more than a dozen teams, Su Yehao finally selected only one forum that was a news website and a game development team, which required a total investment of about eight million US dollars.
on the way home.
Su Yehao sat in the newly purchased Bentley Yazhi and sighed to Linda Yun: "It's terrible. Ambition will continue to expand."
Linda Yun asked blankly: "What do you mean?"
"Well, originally I only wanted to develop into TVT and ICQ, and was busy monetizing traffic. Why did I plan to build an Internet ecological chain? No, I should continue to be more cautious and return to Hong Kong City after finishing my work. Liuli said to her
I almost forgot what I looked like."
Linda Yun was stunned when she heard this and asked:
"You've been in good shape recently. You've been working so hard, and several institutions have arranged for people to conduct research. More and more people want to raise funds for us. The external evaluation of our company is becoming more positive, and executives also say that there is
Opportunity to turn losses into profits.”
"It's really good. I'm personally involved in the business. How could it not develop well?"
Su Yehao changed the topic and said with a smile:
"But I have already spent enough money. The best way is to stick to the basics and make money through venture capital and private equity investments. They are the easiest. But now I actually want to build an ecosystem, so I say it's scary. It feels like
Being pushed forward, if you want to monetize your traffic, you need to support other businesses. Once you get involved in other businesses, you need to spend more money and invest more energy, and you will never get anywhere."
Silicon Valley is toxic.
Most of the people I meet in daily life are talking about business, making money, success or failure of so and so, and the air is filled with the smell of dollar bills.
Su Yehao found that he was also infected and wanted to invest in projects that he was interested in.
To be fair.
The projects selected by venture capital companies are of relatively high quality. As long as they are run well, they all have the possibility of success. The pie is quite attractive.
It's a pity that some success in the eyes of others is just a waste of time in Su Yehao's eyes.
For example, someone just mentioned that they plan to develop a car communication community program. There have been similar forums on the Internet for a long time. Not only is the competition fierce, but the barriers to entry are still too low.
There are also online maps, which sound a bit similar to Google Maps.
Rather than spending a lot of money to invest in a map product that is likely to fail, Su Yehao felt that it would be better to wait until he has spare money someday and directly purchase a ready-made product.
Of course, the premise is that there is a need for this.
Personal energy is limited, and even if the management team is responsible, there are too many things to worry about.
now.
Su Yehao made a decisive decision and prevented the spread of ambition.
In the short term, you may bite off more than you can chew.
There may be opportunities to get involved in other industries in the future, but for now it is better to focus on games and news forums.
After considering this clearly, Su Yehao suppressed his ambitions and made up his mind to focus on investment instead of starting a business.
He was sitting in the car and stretching, and suddenly asked Linda Yun: "I remember that I bought a Gulfstream private business jet. More than a year has passed, but where is the plane?"
"Hmm? I'll contact you later. She should be in labor."
"It's too slow. If I had known, I shouldn't have customized it myself and bought someone else's aircraft at a premium. Now I would have enjoyed it."
Linda Yun didn't answer, took out her cell phone and sent a text message to the assistant on duty.
I got a reply soon. The customized private jet is expected to be delivered in the second quarter of next year. I have to wait patiently for a while...
Back home, Su Yehao was thinking about what to eat for lunch.
The housekeeper came to him holding a cardboard box and said: "I received another thirty-two letters today, and some people came here this morning. I asked them to put the documents down and promised to forward them to you."
"...are you looking for me to invest again?"
"Of course, if necessary, I will send a strange letter that looks like seeking investment to your venture capital company."
The housekeeper also found it troublesome and added:
"More people are coming to you for investment. Other celebrities in the Silicon Valley area should be in a similar situation to us. I heard that a neighbor cleans up once a week, and letters can fill two large trash cans on the street."
"No need to guess, it must be the CEO of Oracle. He is the most famous, so of course there will be more people looking for him."
Su Yehao took out these letters and picked them up casually.
There were invitations from charitable foundations to attend banquets, advertisements for selling yachts, and even a home-call service. They were probably sent to every house in the Atherton area. After all, there were so many big and wealthy customers.
Entrepreneurs are everywhere here, and everyone wants to join them.
As Su Yehao has gained some fame, no matter whether he goes to the company, goes to eat, or goes for a walk recently, there are always people who will accidentally "encounter" him and recommend his projects by the way.
Facing these letters from strangers, Su Yehao had no expectations and didn't even bother to read them. Anyway, the people who sent him letters had probably already adapted to the silence.
However.
An ordinary folder successfully caught Su Yehao's attention. The title read "New Generation Search Engine".
Keep reading... Well, there are too many professional terms. Su Yehao can't understand it. He just thinks it looks very professional.
I waved to Linda Yun and asked her to help translate.