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50% Global Monopoly on Technology NEW AGE / Chapter 3: CAP 3 Bluestar Technology is born

Chương 3: CAP 3 Bluestar Technology is born

Xu Yong and Luo Sheng began to discuss the final details. The two immediately began to discuss the name of the company.

"Just call Bluestar Technology!"

-Thank goodness it's your company with such a horrible name," said Xu Yong in exasperation.

Luo Luosheng "-"

What names do you propose then? 

How about BlackStar or Red Dynamics

"-"

How about you have been stunned by my...

Out of nowhere xu yong was hit on the head. 

auch

Luo sheng for his mental health decided to ignore it.

"Before registering a company, the top-level design, basically the capital structure of the company, must be finalized."

Xu Xuyong said, "What method do you plan to use?"

Luo Sheng smiled arrogantly, naturally, he had already thought about it. Starting a business was not decided by him today, and he immediately said, "I decided that the company's shareholding structure should adopt the A-B share system. The equity dilution will also ensure that control of the company is absolutely in the hands of the founding team. "

Xu yong looked at him in surprise, not understanding what he was talking about.

Luo sheng sighed and began to speak.

The core of AB shares is actually very simple, i.e. the same shares have different rights, and the shares are divided into two levels of A shares and B shares, i.e. separation of voting rights and dividend rights.

A shares issued by outside venture capital have only 1 share and 1 vote. B shares held by the founding team have an undetermined number of votes per share. This number can be 10, 20 or other. The point is that the founding team holds 10 times or even 20 times the voting rights of its shareholding, thus firmly controlling the right to speak in the company and its control over it.

The company's adoption of this equity system also means that, in the future, IPOs can only be listed in the United States, because domestic stocks do not recognize the AB model, even in Hong Kong.

There are almost no Internet companies listed on A-shares.

Luo Luosheng arrived in 2003. To some extent he knows very well the problems that will be faced in the future by great entrepreneurs and he knows very well the importance of keeping control over his company tooth and nail, he is now in a state of nothing and knows that to start a business from scratch, he needs to introduce venture capital at the initial stage.

the AB share system framework prioritizes precisely that, Luo Sheng determined that the voting rights for Class B shares would be 20, so that even if his friend Xu Yong betrayed him in the future, only by maintaining a personal stake of over 20%, will he be able to maintain absolute control over the company.

Even so, Luo Sheng promised himself not to dilute his participation so much by any uncalculated inconvenience.

-You're taking this very seriously, aren't you Luo sheng? Said Xu Yong rather surprised.

The design of the shareholding structure often determines the future destiny of a company, so Luo Sheng will never be an idiot on this subject.

Jobs was expelled from Apple, i.e., he did not have sufficient voting rights, because Apple has never had a dual AB share capital system.

"The benefits of this ownership structure can ensure management or founder control of the company, ensure that management decisions are not interfered with by shareholders, and prevent malicious takeovers. " affirmatively stated

After a while, Luo Sheng continued, "On this basis, I want to have a veto of the company. This high-level design can ensure that the control of the company is always in the hands of our co-founding team, and with the operation will come new partners will certainly also introduce new partners in the future, so that we can jointly exercise voting rights in our business team. If there is any disagreement, there must be someone who finally makes the decision, and that is me, which is a veto. "

A one-vote veto means that any resolution at a shareholders' meeting can be vetoed without a vote.

Xu Yong uttered a sentence, "Should I be so serious and formal?"

Luo Luosheng sighed to his idiot friend: "You have to be serious about playing in the real world-we have to prepare and lay the necessary groundwork to prevent possible future dangers. 

Do you have an opinion on this assignment?"

Xu Xu Yong said he had no opinion. The company was managed by Luo Sheng. He did not use his money and took 10% of the shares. Naturally, there would be no opinion luo sheng could do all the nonsense he wanted. 

Xu Yong's family background is ordinary. He comes from a rural family. His parents are laborers and if it were not for the scholarship he got for his studies, it is very possible that he would not even be able to study at the university.

For a moment I look enviously at luo sheng.

Luo Luosheng's family is better than him. He is a middle-class family, his father is a high school music teacher and his mother is a top professional lawyer. He is a legal advisor to many large state-owned enterprises and multinational companies.

The basic framework of Bluestar Technology was thus determined.

In the afternoon, Luo Sheng and Xu Yong left the school again. This is not the first time they have done such a thing.

Talent is sometimes very irritating. Even if you skip class every day, your grade is better than those who study hard. This is probably one of the reasons why no one gets along with the two of them.

They went to the city registry office, the process to luo sheng's surprise was quite fast, and between the two of them they signed the final documents.

The full name of the company is "Blue Star Science and Technology Co., Ltd." and "Blue Star Technology" for short, and the registered capital of the company is 350,000.

After the completion, the two returned to school, but did not go to class. For Luo Sheng, that is a waste of time nowadays the academy no longer concerns him.

Bedroom 407.

"The company has just started. At present, we only have a registered capital of 350,000, so we need to save some money, and the dormitory will temporarily serve as our office base." Luo Sheng looked at the two's computer, which is the central and perfect working equipment.

Xu Xuyong gradually became interested by sitting at his desk and began to talk.

"Let's talk about what our company should do. There is already one Yahoo overseas in the search portal category four other major portals in China and Google the main search engine, QQ in instant messaging, Tencent QQ in e-commerce, etc oh and Amazon in e-commerce as well. The initial race has already started so what are we going to do? "

Everything the Internet industry can do seems to have been taken. There are giants in various models and sectors. And yan have reached a level of giants. Xu Yong can't find where Blue Star Technology can start from, so he can only look at Luo Sheng staring at him.

Who makes him the boss the idiot got alone? thought xu yong

Xu Yong's vision is limited, and for Luo Sheng, who originally lived in the era of 5G big data and cloud computing, the development of the Internet in this world is no different from the stone era in his eyes, there are many more fields to explore.

⁇ Before writing the Synapse software, Luo Sheng had already figured out what to do and had extremely clear planning.

I started with the social network and took the lead in developing the Facebook model before Zuckerberg. For your good fortune you are at the right time. If it were a year or six months later, there might not be any chance of beating him mark.

Luo Luosheng said directly, "Let's create a successful product, let's start from school."

"What?"

Xu Yong looked at him puzzled, and Luo Sheng explained, "It's actually very simple to make a successful business. Sell a solution to help people solve a problem, and there is a very common problem in universities right now. Let's take the case of Fuda as an example. It's almost impossible to find the corresponding photos just by people's names. "

Immediately luo sheng sat down at his computer.

"All dormitories in the school have personal directories, some are printed and some are online, but most of them can only be viewed by the students themselves So, we should solve this problem, why not develop a unified online version, after that we will continue to expand the network, from our school to universities around the country and around the world? Or even from the intranet to the whole network? "

Xu Yong said clearly, "You are insane, my friend".

immediately xu yong drank a whole and slammed down a beer ohhh yeah what are you waiting for?LET THE FUCKING PARTY START!"

Do it when you think about it. Said both of them, clashing their fists

then spent 60 yuan to register the domain name using the "" website right for two years.

BlueSpace, which means blue space, can be called Blue Society, Blue Space or Society B in China.

As time passed minute by minute, Luo Sheng was responsible for further programming the optimized broadcast development algorithm he had been mulling over allowing content classification for each user and together with Xu Yong was responsible for registering the website, architecture, physical appearance and personal content.

To their good fortune the talent of both is enough to make the first version in a single night.

But they still took short breaks between intense 4-hour workdays.

NTA

IPO: A public offering is an operation carried out through the stock market, whereby a bidder offers for sale some financial asset of a company or corporation. It is also called going public, IPO or going public.

Intranet: An intranet is a computer network that uses Internet protocol technology to share information, operating systems or computer services within an organization. It is usually internal, rather than public like the Internet, so only members of that organization have access to it.


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