lcionline Chapter 64 Who's in Charge?
Chapter 64 Who's in Charge?
When Xu Zhen entered Chen Che's room in the incubator, she saw a serious expression on Chen Che's face, which she hadn't seen in a long time.
"Junior, what brings you here?" Xu Zhen asked.
"The school's startup funding application has been approved, it's 100,000 yuan." Chen Che said succinctly, of course he didn't mention how hard it was to get this 100,000 yuan, and Xu Zhen didn't know either.
"Great! With this money, we can do a lot of things," Xu Zhen said excitedly.
"Well, the school will only transfer the money to our account after we register the company," Chen Che explained. "Since we're going to officially start a company, let's be open about some things."
"A company needs at least two shareholders. I've been thinking about it, and one is me, and the other is naturally you. There's no one else."
"Hmm." Xu Zhen had no objection to this and nodded in agreement.
"How should we distribute the shares? Do you have any ideas, senior?" Although Chen Che already had a plan in mind, he still asked Xu Zhen for his opinion first.
"Uh..." Xu Zhen hadn't really thought about these issues, and his understanding of shares wasn't that deep or clear.
Shares mean the right to speak, the right to receive dividends after profits are made, and also the responsibility to be borne after bankruptcy.
"Let's split it in half," Xu Zhen blurted out without thinking.
That makes perfect sense, right? There are only two shareholders, so the shares are naturally divided equally. They share the good times and the bad, and they discuss things together.
"Hehe." Chen Che chuckled twice, it was pretty much as he had expected.
When two people discuss things together, it means that no one can make the final decision. When their opinions differ, who should listen to whom?
Therefore, a 50:50 equity structure is a very bad structure, or at least 51:49, which is suitable for situations where the founder needs to maintain a certain degree of control, but also needs the partners to participate in decision-making.
But Chen Che wanted more than that; he wanted to be the one in charge! He couldn't accept others interfering with his decisions.
"Senior, the idea is wonderful, but reality is cruel. The 50/50 equity split has been tested countless times, and in 99% of cases, it has led to indecisiveness and ultimately the company's failure."
As for the remaining one percent probability... Heh, you don't believe a ninety-nine percent probability but you believe one percent?
"Therefore, my shares are definitely more than yours. Even if a wrong decision is made, someone has to make the final decision."
Xu Zhen hadn't expected Chen Che to consider things so thoroughly. After thinking about it, she realized that this made sense. As for who should be the person in charge, that was another matter.
Naturally, Chen Che should be chosen as the person in charge, since he has made greater contributions to the Zhengdian French Fries platform.
From developing the app to collaborating with Sister Lu, and applying for entrepreneurship projects at the school, Chen Che was basically the one who was busy.
"Then let's go with June 4th." Xu Zhen didn't feel like she was at a disadvantage.
"Hmm..." Chen Che nodded slightly. Xu Zhen's understanding of his thoughts was a good sign, but it was far from enough.
"Senior, in my opinion, I can only offer you 15% of the initial shares," Chen Che said calmly.
"What??" Xu Zhen was stunned. He didn't expect Chen Che to only consider giving him such a small share. It wasn't even a project with obvious profit prospects. To put it bluntly, shares are just a pie. If he wasn't even willing to share a bigger piece of the pie, he might as well go work.
"I know you might be a little anxious, but don't rush." Chen Che wasn't surprised by Xu Zhen's reaction, so he reassured her slightly and continued explaining calmly:
"We don't have much money right now, and we'll definitely have to seek external investment in the future. I need to make sure that I still have absolute say after we raise funds."
Xu Zhen could understand Chen Che's explanation; what he said was true, but...
Xu Zhen scratched his head awkwardly: "Junior, it's too early to talk about this now. We can discuss this later."
Many people think that bringing up matters of interest in public is too hurtful to relationships, but in reality, if these things aren't clearly explained beforehand, they can become huge hidden dangers later on.
"No need, senior. Have you thought it through? If you can't accept it, let's break up sooner rather than later."
"I don't want to cause any more unpleasantness in the future. Not only will I not make any money, but I'll also lose our friendship."
Chen Che's expression was unusually serious and earnest, his tone leaving no room for argument or tact.
There are far too many examples of people turning against each other when it comes to issues of interest.
That's why Chen Che acted so aggressively.
The room was quiet for a while before Xu Zhen finally gave in and nodded dejectedly, saying "Okay."
well.
Now that it's all settled, Chen Che is too lazy to say nice things afterward. There's no need for empty promises like "Don't worry, I'll take responsibility" between men; that's not how men talk.
The next step is to arrange the deployment once the funds are in place.
"First of all, we still owe our senior an app development fee of eight thousand yuan. We can't get rid of this money, so let's pay it back first. Is that alright?" Chen Che asked.
Although I will be in charge from now on, this does not mean I will be a dictator. Things that need to be discussed should be discussed, and at least everyone should feel a sense of participation.
"Yes." Xu Zhen nodded; he knew about it.
"Secondly?"
"I'm planning to buy a car so it will be more convenient for you to drive around," Chen Che continued.
"Buy a car? That's great!" Xu Zhen's eyes lit up.
"Which one of the BBA (BMW, Mercedes-Benz, Audi) 34C models should we buy?"
BBA refers to BMW, Audi, and Mercedes-Benz, while 34C corresponds to the BMW 3 Series, Audi A4, and Mercedes-Benz C-Class, which are considered entry-level luxury cars.
Although it might seem laughable to later generations, a saying circulated around 2012: "I'd rather cry in a BMW than laugh on a bicycle." This saying effectively discredited luxury cars, implying that even a dog wearing a BMW or Audi badge would command a premium price.
Xu Zhen chuckled at Chen Che's speechless expression: "Junior, just kidding."
"Actually, I prefer Cadillac. Let's buy the CT5."
"How about CT4? CT3 isn't out of the question either..."
Chen Che rolled his eyes at him: "You're dreaming! We only have a few dollars. Audi? I'd have to think twice before buying a Yadea."
"I'm planning to buy a used Wuling Hongguang. After all, not every supplier is like Sister Lu, willing to deliver directly to us. Having a small van to haul goods will make things much more convenient."
"Huh? A Wuling Hongguang? And it has to be a second-hand one?" Xu Zhen sighed regretfully.
"What? You look down on our domestically produced Wuling?"
"This is a car that has grown up alongside us ordinary people. Whatever the people need, Wuling will make it. If you become successful and then forget your old partner, what's the difference between you and a scumbag who doesn't recognize his partner after putting on his pants?" Chen Che said righteously.
"So, senior, your next task is to find a good value-for-money used Wuling car to practice driving. Otherwise, when you drive a Cadillac in the future, you'll be heartbroken if you get scratched or damaged."
"Okay," Xu Zhen replied.
There's nothing wrong with Wuling. Once I've mastered the driving skills of Mount Akina with Wuling, I'll go and get my own Xiaodi.