"...So Mr. Feng plans to invest in Amazon. That's what happened. What do you think?" Jeff looked at the other directors.
Although the shareholders' meeting is the core of power of the company, the shares of the people on the board of directors already exceed three-quarters of the total share capital. If they agree, it means that the shareholders' meeting agrees.
"Jeff, you haven't said yet how much money Mr. Feng will invest and how many shares he will get in exchange for it. Also, is he a venture capital investor or an ordinary investor?"
Venture capital is completely different from ordinary investment. Venture capital generally does not participate in the operation and management of the company, and even the shares exchanged are non-voting shares. Generally, venture capital investors wait for the company to cash out and make money after it goes public. Of course, various dividends are also given priority.
Ordinary investment means holding it for a long time, even planning to participate in the company's management, and having the right to do so. Other rights and responsibilities are no different from ordinary shareholders, and there is no priority for dividends.
"Mr. Feng means that it doesn't matter how much he invests. He is not a venture capital investor. He needs to have a certain say in the company." Jeff explained.
"Is it okay to invest any amount? I don't understand what this means. Could it be that he wants to invest 100 million and dilute our equity by more than 90%, do you agree?" A director retorted loudly.
"That's why I convened a board meeting to discuss with everyone. The proportion of investment allowed to Mr. Feng needs to be determined quickly. Then we can get the funds as quickly as possible and make the company's construction faster." Jeff Glancing at the shareholder, you are obviously making excuses.
After Jeff asked this question, he didn't get any answer. All the directors were silent, and no one was willing to speak first.
"Robert, didn't you say you wanted to sell the shares last time? Now that you heard that someone is planning to inject capital, you don't plan to sell, right?" Jeff named a director.
"I invest to make money, not for your dreams. I didn't see the hope of making money at the beginning, but now I see it, so of course I won't sell these shares." Robert said slowly.
Only you will insist on some bullshit dream. I invest to make money. Although you don't agree with listing financing now, if someone injects capital, the company's development will be much better, and the profit period can be advanced.
If I go public after I make a profit, the stock price will definitely rise even more. If I sell it then, I can make a lot more money. Now you want to buy it, fine, but you have to pay a premium so that I can see the profit, right? Do you have that much money
"Then Robert, you always have to say, what proportion of capital injection can you accept from the other party? You are a director of the company, and you should express your opinion on these matters. If you don't have any ideas, then I think the company may have one less director. Bit."
Jeff specifically targeted Robert. Once Robert revealed the proportion and was opposed by all other directors, he could take the opportunity to kick Robert off the board! If Robert didn't say anything, he could just as well say that Robert didn't do a good job and kick him off the board of directors as an excuse.
Robert glared at Jeff, but he still had to speak: "The development of the company will require at least tens of millions of dollars. I don't think it is appropriate to let one person invest, because then he will control more than 50% of the company's shares. We He has no right to speak. So I think his investment amount should be more than 10 million, because the company needs at least this much money, but it cannot exceed 30 million, so that we can still decide the future of the company."
Robert's answer was very conservative and could not be said to be watertight, but it was not a big problem. But he revealed the news that he still hopes that the company will be listed for financing in the future.
Others naturally agree. Only by going public can he make money and make money by cashing out his investment as quickly as possible. They also agreed with the proportion mentioned by Robert. Of course, they did not want an outsider to become the major shareholder and kick them all away.
Jeff frowned, he regretted a little, he should have visited Mr. Feng at that time. Mr. Feng is a shareholder of Microsoft and wants to invest in Amazon. These small shareholders are not planning to withdraw. A few days ago, they were all clamoring to withdraw their investment!
In fact, Jeff doesn't want Mr. Feng to become a major shareholder. This is the company he founded. If the company eventually changes its business in order to attract investment, it would be better to leave it as it is now.
"What suggestions do other people have? How much is the specific amount? Everyone has to discuss a result. The sooner you make a decision, the sooner you can get investment, and the faster the company can develop. Our website construction, logistics Construction, user training, purchase channels, etc. all cost money,” Jeff said.
"Jeff, although our registered capital is 30 million U.S. dollars, the company's value should have increased after such a long period of development, right? I think we can let him invest 25 million U.S. dollars and give him 3% Fifteen shares,” one director said.
Jeff looked at the director and sneered: "Would you agree if it were you?" Of course he also wants to increase the company's value, but the company has been losing money.
"If you don't give it a try, how do you know he won't agree? I heard that you had a very pleasant conversation. Maybe he is willing to accept your suggestion? Don't forget, in this way, the shares in everyone's hands will increase in value, and you It’s also earned.”
Robert immediately said: "I agree."
"I agree."
All the directors spoke, they all agreed, and then looked at Jeff together. If they all agree, they will definitely have the upper hand at the shareholders' meeting, even if Jeff doesn't agree.
"Since you all agree, let's discuss Mr. Feng's capital injection this time. I think you are more confident than me." Jeff said angrily.
The company has no profit at all and has been losing money, but you say the company's value should increase. Of course I think so too, but others are not fools either. If the company's value has really increased, why did you plan to sell the shares at the original price
You are all so capable, so go ahead and talk!
"Jeff, you are the chairman and the legal representative of the company. It is right for you to negotiate. But we are considering the interests of the company's shareholders. Is there no problem in asking you to do this? You didn't even negotiate, so how do you know it won't work out? ?" Robert held a cigar in his hand and said in a sinister tone.
"Yes, Robert is right. Jeff, when we invested in your company, you also promised us that you would put everyone's interests first. Now that we are asking for it, you should implement it." Another director said.
Everyone else also meant the same thing, which made Jeff feel like he was holding a breath in his chest, but he couldn't let it out!
"Okay, I'll go negotiate, but if the negotiation fails and the company doesn't get investment, everyone will lose money together!" Jeff stood up angrily and walked out of the conference room.
…
"Mr. Ralph, this is Jeff Bezos. I would like to visit Mr. Feng. There are some things that need to be discussed with Mr. Feng."
Ralph covered the phone and told Feng Yu that it was Jeff's call. Feng Yu reached out and took the phone: "Jeff, do you have any good news for me?"
"Mr. Feng, I think we'd better have an interview. Things are not going too smoothly."
Feng Yu frowned slightly: "That's it. Then come to my house in the evening and I'll treat you to Chinese food. The address is..." (To be continued.)
PS: First update, thank you to leozhuangqin, Andrewson's Game, Xiaohan Is a Little Dude, Q Version of Holy Infant, Gududu and other book friends for their monthly passes. Thank you, there are more to come.