In the early stages of company establishment, do not rush to distribute equity.

Because the future development of the company is uncertain in the early stages of its establishment, and the equity is not valuable, cash should be given first.

The logic behind it is that if the company develops well, you are likely to sell your equity at a lower price in the early stages; If the company is not developing well and the equity is not valuable, you might as well give cash.

In summary, making big decisions should be slow, slow, and thoughtful. Once you have a clear idea, execute quickly, ruthlessly, and accurately.

The allocation of equity is inevitably a big decision, and impulsiveness, irrationality, and loyalty will ultimately hand over one’s fate to luck.

The development of a company is divided into many stages, and different stages require different talents. For those who receive more equity in the early stages, you are not sure if the other party has sufficient abilities, let alone whether some of them will withdraw or change their equity at a certain stage in the future.

In a live broadcast, I used the instinct of skiing to overcome the backward focus as an example to illustrate that the founder of the company also had to overcome the idea of saving wages and giving equity to small-scale farmers. Don’t deny that most people gave equity in the early days to save wages that should have been paid.