Early days how to properly use the options to motivate employees? I horse Note: The Internet is often staged overnight IT bitter B shares changed as the story of the Phoenix. Employee stock incentive is not only an important means of corporate governance, to some extent reflects the entrepreneurial BOSS in the face of money and staff caring attitude and mind. For employees, to share the value of business growth is certainly fortunate, particularly those \u0026 ldquo; potential shares \u0026 rdquo; business. With options you really can get rich? How reasonable start-up companies to develop equity incentive plan? If employees meet emergencies, need money, you can give up an option? \u0026 Hellip; \u0026 hellip; on employee option incentive, black and asked, invited to millet, shareholding structure HUAMINGLI fund services done seven or eight points, founder and architect 何德文 equity for everyone to answer questions related to employee equity. Source: Black Black asked interview I ask: how start-up companies to develop equity incentive plan, in order to achieve the effect of both retain key employees, but also to maximize the guarantees of a fair, but also the flexibility to adjust in the long He Dewen:?. 1 to develop Well into the mechanism:
When hair? To whom? How much fat? The exercise price? 2. To develop a good exit mechanism: Equity linked to maturity and duration of service, linked to performance, when they leave the repurchase price. 3. Good management we expected: The reason issuance of equity, it will be based on long-term involvement with pioneering the use of incentives; exercise price of staff, is the real price of a discounted price, instead of stock; exit mechanism is set to make a repurchase midway Exit sauce employees options, this is the largest long-term participation in the protection of business employees and more fair. The rhythm and a good grasp of payment schedule. Too early payment options, high-equity incentive costs, the effect is not necessarily good. First solve the problem of core equity team, first second and third tier gradient drive form the demonstration effect, to resolve the employee option incentive question. Black Memories: black ask users questions early entrepreneurial team, several former employees (non-founder), the general number of options to the right to ask, early entrepreneurial team, several former employees (non-founder), if? It is to low-wage (5000 or so) high reward options, the general number of options to the right? For example, 1000w total shares, roughly divided what order of magnitude more appropriate to an employee? For example, tens of thousands of class, or one hundred thousand, or one million? Dewen: The specific number of employee stock options issued shall be taken into account a number of factors. For example, do the same technology, skilled, technical Daniel, technical partner, the number of options granted will be very different. As another example, the same technical partner in the technology-driven company with a sales-driven company, the number of options granted will be great differences. We analyze Tencent and Alibaba's partner team composition, and equity with the differences can be seen. Therefore, the number of employees the option of issuing specific recommended considering: 1 Total size of Option pool; 2 employees into the company's stage (the same people, the more into the early, allotment will be more, because the big bear entrepreneurial risk) ; 3 position and role of the staff; 4. wages of employees. In addition, if the company is under domestic architecture is recommended to simulate Co., Ltd. shares into shares issued, for example, is modeled as 100 million shares, digital look angel sanctuary wigs better. Bo Shao had his share in the company founded eBay made an example of the standard options.
For Cosplay Costumes example, for VP-level management personnel, if participation in the venture before the angels came, payment of 2% -5% option; if it is A round came in 1% -2%; if C round or nearly IPO came in, paid 0.2 % -0.5%. For the core VP (CTO, CFO, CTO, etc.) can be referred to in accordance with the aforementioned criteria hair 2-3 times. Director-level staff, referring to VP of 1/2 or 1/3 released. Black Memories: Many Internet companies in the recruitment commitment copy option, after listing riches staff really can do, or that option but a pie, how to account for stock options can eventually own cash He Dewen:? Startups, only draw pie. I believe, millet painted pie, Alibaba also painted pie. The difference is that after three to five years, some companies, draw pie, pie or painting; some companies to yourselves to make a real cake. If we say that entrepreneurship is a near escape thing, that listing is one in a million thing. Options are extra incentive for everyone. Can riches, stock distributed to everyone, and to see whether we can work together to get things done. Stock itself is a piece of paper, worthless. We get things done, the company is worth, the stock was worthless. Black Memories: black ask feedback from users, has just entered a startup company, the boss always get the option to hold down wages, they were more depressed.
This practice is injurious to the welfare of the staff. How to decide which company is the option of low-wage workers get high which employees take high-wage He Dewen low options:? A tango. As long as no less than the minimum wage, low wages options are high or low wages high option, it was consensual thing. Generally speaking, the ability to initiate an entrepreneurial mindset, after run-in staff, the proposed low-wage high le chevalier deon cosplay option; the ability to initiate but not entrepreneurial mindset, or neither was not any entrepreneurial mindset of entrepreneurship, primarily by way of salary bonuses and other financial incentives. Black I ask: start-up companies issued options, if employees meet emergencies, need money, you can drop the option in exchange for lost wages due to acquisition options before caused He Dewen:? When issuing options, employees do not need to pay. Wait until the option matures, employees choose the right line, only need to pay the exercise. Therefore, prior to vesting, the stock should not belong to all employees, employees give up the problem does not exist. After the exercise, the option to upgrade to the stock, do not want to give up on giving, and must have disk access people can quit. Otherwise, the only real estate speculation into the landlord, stock speculation to shareholders. Black I ask: as a technical staff involved in the venture, how should talk about equity He Dewen: If indeed optimistic about the company, the technician can: 1 to the company to know whether there are employee stock incentive plans; 2 the company to understand the various sectors and company?.
Equity positions with arrangements; 3. express willingness to participate in a long-term commitment to entrepreneurship, show their skills. Black ask: If a company is acquired or sold, so the staff before the option can be exercised at the same time what He Dewen:? Company acquired, employees share options in accordance with the equity ratio of the company has the right to participate in the distribution line of the company's sale price. For example, the company sold 500 million overall. When sold, ESOP (already exercised) 1%. The employee may participate in the distribution 5 million (500 million * 1%). In addition, when employees take the option, you can request accelerated maturity terms. Thus, when the company sold an event occurs, immature equity can be accelerated maturation, overall participation in the distribution of the sale proceeds. ================================================== [Q] Black is 'Entrepreneur' media heavy launch Q entrepreneurial community, dedicated to entrepreneurs start on the road to answer a variety of puzzles, divided into [Q] and [black entrepreneurs ask Column] 2 area. Q. [black] part interview, occasional invitation under a hot topic or a few entrepreneurs in the black community to ask for online interviews, ask a question by the black, interviewed online answer. Before and after the interview will be in 'Entrepreneur' across channels and interactive promotion. Click to view the interview: http: //ask.iheima.com/ / yiwenyida / 5493?