Becoming a Russian Oligarch After Rebirth
Chapter 579 Share Distribution _1

Chapter 579: Chapter 579 Share Distribution _1

Following what Sergei just said, his website idea and its technology are worth fifty thousand US dollars.

If someone were to invest fifty thousand US dollars in it, he would be willing to give away fifty percent of the shares.

However, Wang Ye is considering investing one million US dollars in it now, which naturally requires a readjustment of the proportions in shareholding.

One million US dollars might seem insignificant to Wang Ye.

But, investing is a business, not a charity, so Wang Ye would treat it seriously.

Sergei hesitated a little. He definitely needed the venture capital and was willing to give up stock, but the problem was that the investment was a little bit beyond his imagination. How many shares should he give up to make it fair?

Following his previous statement, he would need to give up ninety-five percent.

But if he were to do so, as the "founder," he would only hold five percent of the shares.

This is only the first round of financing!

Most Internet companies go through at least three to five rounds of financing during their development, a fact that Sergei fully understands.

If he was only left with five percent of the shares after the first round of financing, then after two more rounds, wouldn’t he, the founder, have become just a minor shareholder...

...

Wang Ye naturally saw Sergei’s dilemma and said with a smile:

"Here is what I think: your idea and your technology are worth more than what you imagine.

I invest a million US dollars, taking eighty percent of the company shares, leaving you with twenty percent.

Furthermore, when it comes to the second and third round of financing, I will personally continue to invest. If you need it, I can also provide a certain amount of interest-free loans, so your shares won’t be diluted too much."

These words completely eliminated all of Sergei’s concerns!

Not only did he show Sergei the respect he deserved, he also considered things from Sergei’s perspective.

"What are we waiting for then! I’ll take this investment!" Sergei said with no hesitation.

Then he shook his head and sighed, "I finally understand why you’ve achieved what you have today. Maybe your family background did help you a lot, but your personal abilities and demeanor also surpass normal people."

This was his heartfelt sentiment.

On the official school homepage, he had already seen that highlighted, bold line introducing Wang Ye’s current position and status.

Just now, Sergei felt this young man being in such a high position definitely had to have a powerful backing, it couldn’t possibly be due to his own abilities.

But after Wang Ye’s investment, Sergei felt he had guessed wrong.

At least half wrong!

Perhaps Mikhail really does have a formidable backing, but his personal abilities are definitely exceptional, which is beyond doubt!

Wang Ye laughed and casually said, "Since I’ve invested, the website can’t be a minor thing, but it needs to be formalized. I’ll send a legal team over later to sign an investment agreement with you. You’ll be in charge of the technology and development direction inside the company, but for finance, human resources, and publicity, let’s hand them over to professional managers."

This was expected, after all Wang Ye now was the majority shareholder, owning eighty percent of the shares.

Therefore, control of the company’s finance and personnel power naturally needs to be in his hands, while Sergei’s strengths are in technology and creativity, and not in routine management.

Sergei nodded, showing no objections.

Wang Ye then remembered another thing, that the name of Sergei’s site was really too cumbersome.

This kind of name is not conducive to spreading and is a big taboo for Internet companies!

He said, "The site’s name needs to be changed, this one is too hard for people to remember or make an impression."

Sergei looked a bit embarrassed, it seemed he himself knew the name wasn’t very good, so he asked shyly, "Do you have a good suggestion?"

Without any hesitation, Wang Ye said, "Change it to FACEBOOK! Use an English name, because this site will definitely not only limit its developments domestically, it will soon be pushed to all over the world. An English name would therefore be more beneficial for future development."

"Facebook?" Sergei repeated it but couldn’t grasp what the implication of the name was.

"The novelty of this site is that it allows individual photo uploading, and the reach and attractiveness of images are much greater than ordinary texts. You should know the meaning of FACEBOOK, it means something like a student register commonly used in universities, it just happens to fit with your initial intention of founding the site, and also, you can start promoting it in university and college campuses first..."

Wang Ye explained patiently.

Of course, the real reason he chose this name, he did not tell Sergei.

With his intervention, it is estimated that Zuckerberg’s Facebook probably won’t exist anymore!

What would replace it, is Sergei’s new Facebook, which he co-founded!

If it wasn’t for Wang Ye’s investment, Sergei’s website would probably have been a minor player for a few years and couldn’t have made it out of Russia.

The influence and number of users would always be greatly limited.

But with Wang Ye’s intervention, everything’s different!

In less than three years, this Facebook website is bound to go global, and to compete with Internet giants such as Google and Amazon!

On a whim, he went back to his dorm room, which ended up investing some money.

As for whether Sergei can eventually make the Facebook website work, Wang Ye will wait and see.

If everything goes well, Wang Ye will not interfere.

But if Sergei is not capable of leading Facebook to global recognition, Wang Ye does not mind replacing the company’s leadership.

...

On the first day of school, Wang Ye did his duty as a student by touring the school.

Causing a sensation was one thing, but also he conveniently invested in a company. The future prospect of this company seems to be quite good, so one could say that he reaped rewards without sowing.

However, these things couldn’t excite Wang Ye too much.

With the mastery of the trends in world development over the next twenty years, and abundant financial resources, if he wanted to do business and make money, there were too many projects he could invest in.

Compared to that, Wang Ye is more focused on the development on the political stage.

Because this is something he cannot control and it involves his own safety!

That night, during dinner at the Top Floor Restaurant, Kaja also reported to him the latest progress in acquiring the automobile brand.

According to the brands Wang Ye has targeted, there are now two... or maybe three brands whose acquisition seems likely.

The first is Volvo!

This Nordic brand, a century-old factory, is well-known in the world automotive industry for its safety and environmental awareness.

But in recent years, it has been poorly managed and the factory has been brought to a difficult situation. The company’s board of directors is seeking to sell the company.