I Am a Nobleman in England

As an effective measure to retain and motivate the core talents of enterprises, equity incentive has always been a part mentioned repeatedly in the enterprise planning plan. But for some founders, everyone understands the importance of equity incentives, but when it comes to design and implementation, they are confused.

For example, how to motivate, what methods are available, and what kind of incentives are appropriate at what stage. . . Each one is a question mark.

Equity incentive is a kind of economic rights given to business operators through the form of the company's equity, so that they can participate in corporate decision-making as shareholders, share profits, and bear risks, so as to serve the company's long-term development diligently and responsibly. a method of motivation.

To be honest, starting a business does not happen overnight, and it requires a lot of talents and a good team. To have a good team system, there must be promotion channels and incentive mechanisms. In order to retain talents.

For example, Bill Gates, the richest man in the world, once said: "A company's rapid development depends on hiring good talents, especially smart talents. Great success depends on the team, and small success depends on individuals." Therefore, the development of talents for enterprises is the most important Importantly, only with talents can enterprises have the motivation to move forward and the courage to overcome obstacles.

But even if talent is recruited, how to retain talent is a long-term debated topic. On this point, Arthur very much pushed forward the words that Arima once said, "There are many reasons for employees to leave, but in the final analysis there are only two most true ones: the money is not paid, the heart is wronged, and the work is not good. "

So as long as these two points are resolved, the company needs to introduce equity incentives. Because the essence of equity incentives is to tie the interests of employees and the company together, give full play to the sense of ownership of the team, unite to maximize the interests of the enterprise, and at the same time realize the growth of personal value. In this way, if the employees do it for themselves, how can there be any grievances? With such a win-win situation, how can we fail to retain talents?

To be honest, the value return of some talents can not be satisfied by salary or bonus. The effective way is to directly implement equity incentives for these talents, closely link their value return with the company's continuous value-added, and reward these talents through the company's value-added Contribution to the development of the enterprise.

In Arthur's view, Kevin and Krieger, the founders of INS, are undoubtedly the real talents. After taking their opportunity, Arthur became more aware of the talents and abilities of these two people.

And if you want the photo wall platform to develop like the INS in memory, you must keep these two people by your side, and you can't let them out, creating rivals for your photo wall app.

You know, if a great talent like Kevin is pulled closer to Facebook by the little pockmark Zuckerberg, with Facebook's scale and funds, his photo wall is in the development stage, and it really can't compete with it.

Hearing Arthur say that the photo wall studio still lacks a CEO and a chief technology officer, and wants them to support the studio and provide equity incentives, Kevin and Krieger looked at each other, and they both looked at each other. There was a trace of surprise and joy in his eyes.

To be honest, they really didn't expect Arthur to value the two of them so much. Of course, the two of them are also very confident in their own talents and abilities. If Arthur can't give them a matching position and treatment, the two of them will People are likely to choose to leave and start a new business after handing over the content of INS.

Talented and capable people have their own pride and persistence.

And now, Kevin and Krieger really accepted and recognized Arthur Boleyn, an English earl who was much younger than them, as their boss from the bottom of their hearts.

Afterwards, the communication between the three became more harmonious and natural. Arthur also found a nearby hotel to live in, waiting for his subordinates from London to arrive.

Edward in London immediately made arrangements after receiving the call from his boss. On the premise of ensuring that the normal work of the photo wall app was not affected, he dispatched ten people to the United States.

Although these ten people are not top IT talents, they have participated in the basic construction of the photo wall app and the programming of the program. Any one of them can measure whether the INS program of the other party is valuable. The reason why so many people are sent to the United States is mainly because the boss wants to open a North American branch to see if he can combine the advantages of the photo wall program with the advantages of INS, so as to complete the version upgrade of the photo wall app.

In this way, a lot of time, manpower and material resources can be saved, and the upgrade version can be completed in advance.

That is, in the afternoon of the next day, ten of his subordinates, who were besieged by travel and dust, rushed to San Francisco by plane to join Arthur.

Arthur took Kevin, Krieger, and ten of his subordinates to a welcome dinner. After getting acquainted with each other, he let the subordinates who arrived from London have a good night's rest, and started the photoshoot the next day. Wall and INS comparison, verification and docking work.

As for Arthur, he and Kevin Systrom met with Steve Anderson, a partner of Baseline Ventures.

After listening to Kevin's apologetic explanation, the expression on Steve Anderson's face changed from surprise and astonishment to frowning and thinking.

"Mr. Bolling, if possible, I hope that my investment can become a share of the new company after the merger of the two studios. Of course, I can continue to invest more..."

"Hehe." Arthur heard the words of wanting to buy shares after he pondered for a long time, looked at Steve Anderson and shook his head and chuckled, and refused without hesitation: "Sorry, Mr. Anderson, this is not a merger, It's about mergers and acquisitions, and I don't plan to raise funds at the moment, because I'm not short of money for the time being.

Or to put it more bluntly, I am very confident in the future of the photo wall APP. Even if it is financing, I will never conduct financing when it is just starting. That would be an unacceptable huge loss for me.

Of course, considering your relationship with Kevin and Krieger, I can promise that you will be reserved for our first round of financing! "

Arthur was neither humble nor overbearing, calm and elegant, and his tone was full of incomparable confidence and determination, which caused Steve Anderson on the opposite side to frown. Looking at Arthur, a young billionaire, the eyes of the British nobles became sharp and bright. At the same time, I also understand that the young man sitting in front of him is not a young man with a lot of money, or an entrepreneur who only pays attention to the realization of technology, but a businessman through and through!

"I'm really sorry, Steve. No one thought that there would be an embarrassing situation where ideas crashed. The only thing I can do is this. This is a million dollars. Thank you for giving me at the beginning of my business. s help."

After these two days of contact, Kevin already has a little understanding of Arthur, the earl's temperament and personality. To be honest, he is not the kind of technology entrepreneur, but the elite son of the old family.

Being able to return one million dollars to Steve Anderson, Kevin felt that he had repaid the other party's help at the beginning, after all, it was a 100% rate of return.

"Well, this is really a pity. If you need financing, the door here is always open for the two of you, welcome anytime!" Steve Anderson saw that things were like this, and he could only temporarily give up the idea of ​​investing in shares.

"Thank you!" Now that the matter has been resolved, Arthur has no intention of staying any longer. After the accompanying lawyers completed the handover of various documents, Arthur smiled and shook hands with Steve Anderson to say goodbye.