Chapter 193: Going against the Decision of Our Ancestors (Part 2!)
Fang Yu didn't know what he was thinking. He used divination every day to predict whether he should release the news about the orange model in the next week. The answer was always no.
In fact, in Fang Yu's opinion, it is indeed time to hype it up now.
The “strongest chess player in history” was defeated by artificial intelligence. What a great gimmick.
As long as the publicity is in place, and if we organize an event such as the "Huashan Sword Contest" peak showdown round-robin challenge in the Go community to hype it up, it will definitely attract worldwide attention, and Youzi Technology's reputation as the founder of artificial intelligence will be confirmed.
Why is divination not allowed to be made public?
I don't understand.
If you don't understand, don't do it for now. Fang Yu simply issued a gag order and signed a confidentiality agreement with all the employees of Youzi Technology using an oath contract, requiring that the progress of the Orange large model should not be disclosed to anyone outside before the company announced the specific situation.
Hua Zecheng and Lu Si were chatting and laughing as they were about to leave the tea room when they saw Fang Yu, wearing a camel-colored coat and with a chill, pushing the door open from outside.
"Boss, have you finished the exam? Are you confident?" Hua Zecheng joked.
Usually Fang Yu was quite easy-going and never acted like a boss in front of them, so people in the company were willing to make harmless jokes with him.
When Fang Yu told them in the morning that they would have a mathematical statistics exam this afternoon, everyone at Youzi Technology was a little dazed, and everyone felt a huge sense of incongruity.
No, we know you are still a student, but now you have created AGI and can become the boss of a high-tech unicorn. Instead of staying in the company to keep an eye on it, you are wasting time taking exams in mathematical statistics?
Are you qualified enough to be a teacher?
In response to this question, Fang Yu just smiled coldly.
Haha, how would you know what it means to show off?
Good at studying and able to show off.
If you successfully start a business during college, you can also show off.
But if you get first place in your major during college and also succeed in starting a business, that would be double the pretense and double the happiness!
Steve Jobs dropped out of Stanford to found Apple. Sounds pretty pretentious, right?
But if he had started his business and founded Apple with the attitude of being the best in his profession, a technical expert, and a big shot in the school, there would be more people praising him, and not so many people would bring up Wozniak whenever they talk about Apple.
Just like Lei Jun, as long as someone says that Lei Jun is only good at marketing, there will definitely be a bunch of people jumping out to tell you how awesome Lei Jun’s technology was back then, how he completed his credits two years early, and how good he was at studying.
"There was a question that I skipped a step on while answering, so I might not get full marks." Hearing Hua Zecheng's joke, Fang Yu smacked his lips regretfully.
Hua Zecheng looked at Fang Yu speechlessly, then turned and left.
What level are you at? You're pretending like this, is that interesting?
"Hey, hey, hey, Professor Hua, Dr. Lu, I just have something to tell you." After saying that, Fang Yu thought for a moment and clapped his hands, "Forget it, let's call everyone over and talk about it together, so that everyone doesn't have to guess."
Hua Zecheng was confused. What was he guessing about?
In addition to Fang Yu and Lu Chen, as well as several freshmen such as Jiang Shuao and Ma Xiaoou, there are only 17 technical personnel in Youzi Technology, and the total number of people does not exceed 25.
Today almost all the part-time students have gone to take exams, leaving only the technical staff in the company.
Fang Yu glanced at everyone, and it felt to these people as if Fang Yu had made eye contact with each of them.
This is not a spell, but a social skill.
When speaking in public, if there are a lot of people, you can use your imagination to divide the crowd into a T-shaped grid, a 罒-shaped grid, a 田-shaped grid, or a nine-square grid, and set a focus in each grid.
When looking, the eyes are not looking at a specific person, but at the focus, which is usually set at the upper third of the grid.
Then move your eyes between multiple focal points, and everyone present will feel that they have established eye contact with you.
Many young celebrities may use this technique when they perform at concerts. Some people are not very good at finding focus, so they simply do not wear contact lenses to blur their vision, which can also achieve the same effect.
After being swept by Fang Yu's gaze, everyone couldn't help but focus their attention on Fang Yu.
Seeing everyone's reactions, Fang Yu nodded in satisfaction and said in the same tone as always:
"I have two announcements to make. First, Youzi Technology has started its angel round of investment."
"By selling 11.62% of our shares, we secured 40.67 million Malaysian dollars in equity investment from several individual investors. The total valuation of Youzi Technology is currently 350 million Malaysian dollars."
Having said that, Fang Yu paused to give everyone time to react and also to enjoy the pleasure of showing off.
!!!
Sure enough, everyone, including Lu Si, was shocked for a few seconds, and then their faces showed uncontrollable excitement and surprise.
Three hundred and fifty million dollars!?
What's the exchange rate today? It seems to be around 6.5 recently.
2.6 billion Da Zhou coins!
The sound of inhaling came one after another.
Hiss~ The Orange model has not been released yet, but with only a Pomelo training architecture 0.1, Pomelo Technology has already been valued at 2.6 billion Dazhou coins?
This sophomore student in front of me is already worth 2 billion?
So, after the news of Orange Model's victory over Gu Jie is announced, how high will its valuation rise? And how much will the wealth of this young boss, who still chats and jokes with them every day, become?
I dare not think about it~
Seeing everyone's gaze, Fang Yu once again felt like every pore in his body was like a poisonous dragon.
It feels so fucking good.
No wonder those bosses like to tell others about how they got 20 million Malaysian dollars from Masayoshi Son in five minutes, or how the financing demand was only 75 million Malaysian dollars, but the investor said either he had to invest 300 million Malaysian dollars or not a penny.
This sounds unreasonable, but every word and line reveals the idea that "I am awesome, and those who appreciate me are also awesome." It feels great to just tell it.
What is the reality?
Of the 264 million Great Zhou coins, 200 million were paid out by my father using an overseas trust.
Unexpected?
The other 64.3 million is indeed the investors' money.
However, it will not be registered under the company’s name for the time being, but will be held by an investment company registered in the Cayman Islands.
After thoroughly enjoying everyone's legendary gazes, Fang Yu coughed and said, "The second thing is the equity incentive plan I promised you during the recruitment process."
Fang Yu's voice was not loud, but everyone couldn't help but prick up their ears when they heard this, like elves.
This is closely related to the interests of everyone!
We are all skilled people and have no shortage of offers. Why would you take a pay cut of more than half to come to this startup?
Isn’t the purpose just to make a living and achieve financial freedom?
Of course, it is also for technical ideals, but this does not conflict with financial freedom!
"The company is currently valued at 350 million Malaysian dollars. At 10 Malaysian dollars per share, there are 35 million shares."
"Everyone, please look at the big screen."
Fang Yu pointed to the 100-inch screen behind everyone. It was originally used to display the work progress of each team, but now Fang Yu used it to project the equity incentive plan.
"Our current structure is relatively simple. Aside from Professor Hua and Dr. Lu, everyone is a technically proficient person at the same level and joined the company around the same time. Therefore, determining how much stock to give each person and what type of stock to give requires careful consideration."
Fang Yu paused and glanced at the crowd. Everyone whose eyes were swept over felt a little stiff.
"So, in the end, I decided to determine the equity incentive plan for each person based on their contributions in the first phase. Furthermore, the equity incentive plan at Youzi Technology is completely public internally, and everyone can see the equity incentive amounts for others."
"How is contribution calculated? It's simple. It's calculated using the Orange Big Model. I've integrated TeamPulse into the Orange Big Model. It calculates your contribution level based on your contribution to the company. Depending on your contribution level, the amount and method of the equity incentive plan will also vary."
After saying that, Fang Yu waved his hand, and a table appeared on the big screen with the names of fifteen people and the amount of equity incentive plan that each of them could get.
Liu Wenxiao stood on tiptoe, pushed his glasses, and found his name on the form.
"Liu Wenxiao, 1,150 shares."
One thousand one hundred and fifty shares? That's 11,500 dollars?
It feels less than I imagined.
But we can strive to go public. If the market value after listing can reach 100 times the current value, wouldn’t it become 1.1 million Malaysian dollars?
It feels reasonable.
When Liu Wenxiao was muttering to himself, Fang Yu's voice came again.
"Every company has its own approach to equity incentives. Currently, among high-tech companies, the most popular is still Google's GSU. This equity incentive method is probably familiar to everyone."
"The four-year vesting schedule includes a one-year cliff period, meaning that employees will receive 25% of their promised equity after the first year, and the remaining 75% will be gradually returned to employees quarterly thereafter."
"GSU is actually a relatively good equity incentive method. As long as the company is fair, employees don't have to worry about not getting paid."
"Everyone has probably heard of the 3.75 and 3.25 ratings at major domestic companies. Contracts may sound good, but by the end of the year, a 3.25 rating might even be optimized, not to mention receiving equity incentives.
"The most interesting thing is that who gets 3.25 is often not directly related to performance, but depends on the distance. Xu Liang laughed. Look, I remember you are from that side, right? Haha."
"I've been wondering what kind of equity incentive plan Yuzi Technology needs? What system can ensure both everyone's commitment and their returns?"
"In the end, I found that this was a false proposition."
"Because everyone's commitment isn't driven by equity incentives, but rather by their passion for technology, their love for the team, and their genuine sense of responsibility."
"So, I made a decision that went against my ancestors."
"That's right—Yuzi Technology's equity incentive program will have no vesting schedule or cliff period. Employees can cash out at any time!"
I didn't expect that the second update would be a little late because I had diarrhea. I had enough time, but maybe I didn't fry the chicken fillet thoroughly that night, so the middle was raw. I went to the bathroom four times in two hours. Damn it.
Sam bought the chicken cutlet, not Wallace.
(End of this chapter)
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