The three steps of venture technology: investment valuation, contract signing, industrial and commercial change

At present, most of the technical great God, especially in the Internet industry, or as the company diligently "code farmers wage earners." The reason lies in the old saying: "Entrepreneurship is risky, investment needs to be cautious!" Technology as an intangible asset itself has a very high investment value, but from the willing to make other people to marry clothes, perhaps a lot of attention to do technology people think they do not understand capital equity, afraid of the sea was "capitalist" pit. In fact, your technology for the need to start the "capitalist" is really valuable resources! When both sides have a need to start a business and there is a complementary advantage of the incision, an entrepreneurial cooperation is very advantageous. The risk of partnership is certainly there, but the existence of risk does not mean that we should give up the opportunity, because the risk can be effectively managed and controlled.　The premise is: you have to understand where the risk, how to take the appropriate measures.　Technology shares three steps: valuation, contract signing, industrial and commercial change. The first step is that when the cash contributor and the technical side are interested in starting a partnership, the most concerned issue is the ratio of contributions between the two parties. There needs to be a clear concept: technical capital is also a contribution, but our technology is called "intangible assets", can not see touch, but its value is there. Once the proportion of capital investment is clear, it is the corresponding proportion of equity is also clear. And the proportion of equity means that the technical side as the company's shareholders enjoy the corresponding rights of the size, including: Voting rights, dividends, the right to inquire ... There is also a difference between the interests of different rights and the size of the equity. As far as the technical party's most concerned voting rights and dividends, the proportion of equity is too small (some technology in the start-up company only a single number of shares), while the other large shareholder "one share alone", the technical side of the vote is basically not effective. The share of dividends is the same, unless otherwise stipulated in the Articles of incorporation. Therefore, technical side of the technical valuation is particularly important. The current valuation is generally in two ways, one is direct consultation between the two sides, the two sides agreed that the technical value of how much so the price is set, the other is relatively fair but also relatively cumbersome professional institutions valuation. In fact, the valuation of professional institutions is nothing more than to the funds and technical side of a common recognition of the heart balance, because the technical value itself is relatively high volatility, tomorrow's value and today may not be the same, so the professional body valuation can only be used as a reference for both sides. In the past, the old company law also limited the proportion of technology shares, but the new "company law" has eliminated the proportion of technology shares, so technology shares can even reach 100%.　In summary, as a technology you must not be led by others, since the valuation is to a large extent by everyone "speak out", technology owners must stand in their own position as far as possible for their own efforts. The second step, the signing of the contract here I need to be clear, the contract is very important! Whether you and the funds before the cooperation is a brother or wearing the same underwear, all of you on the table, café, micro-letter, telephone negotiations on good things, and finally only implemented in the paper is to have aboutSanli. Otherwise, once the dispute arises, the trouble will be difficult to resolve. So what are the technical stakes in the contract? 1, the way to identify technology and the target. There are generally two kinds of technology in the way of investment, one is to jointly develop and develop new products with the funds, and the other is to invest in the technical achievements of the technology side. In addition, the subject matter of the shares need to be clear, whether a stake is a product of the right to use or ownership, technical side of the investment after the party can sell the product it? or just use it ... In order to prevent the two sides from the issue of the target of the dispute. 2, agreed to a good confidentiality agreement. The value of technology shares lies in their unique creativity, often with high intellectual property rights, and based on a technology is often difficult to replicate easily, technology must stay simpleton, with the funds to agree a good confidentiality agreement. Otherwise painstakingly developed products, it is likely to become someone else's wedding clothes. 3. The change of interest arising from the adjustment of technical value. Technology value as an intangible asset, its valuation of the floating is still very large, an not-favoured technology is likely to turn into a company's cash cow, there may be the current popular technology after a few days to become yesterday's yellow. Whether our technology is more and more valuable or increasingly devalued, the original intention of cooperation is who does not pit, to profit together profits, to lose together. 4. The responsibility of breach of contract should be paid attention. No matter what type of contract, the default clause is a very important part of the value is to increase the cost of defaulting on both sides, the two sides firmly abide by the agreement. In addition to the above, it is the regular audit of the contract, such as how to ensure that the funds in place, will not withdraw capital, whether there are non-performing assets ...　You can take every case of the contract as a line of code, must be clear and the overall corresponding to each other, like a system of systems engineering, if not careful and rigorous, the probability of a bug in the future is very large, it is not not can not play a patch, but the cost of geometry, no guarantee. The third step, the industrial and commercial registration changes to become the company's formal shareholders, the need for business registration changes. Some people have signed a stake in the contract, but do not perform the change process, in other words, you are only based on the contract to enjoy the right to dividends, not the true meaning of the shareholders, the name is not smooth. Therefore, the business registration must be changed. After reading the above three steps, do you have any idea about the technology investment? As a entrepreneurial heart of the technology to use their own technology to buy a stake is not difficult, but everything has the law, as long as the steps in accordance with step-by-step implementation, the corresponding risk is reduced by one step. (Three law firm: Cao Juanjuan lawyer)