Rebirth in the Perfect Era.

Summary

A major company is allocating 5% of its shares to an employee stock option pool, a rare move among large shareholders. Li Mu, the major shareholder, retains 65% of his shares post-financing, making this allocation manageable for him. The plan is to cyclically replenish the option pool by allowing the company to buy back options at market price when employees cash out. This ensures employees receive cash while maintaining a robust option pool for future hires. Ben Clarkson, invited by Li Mu, admires him greatly and discusses the importance of execution in business, reflecting on his own desire to return to product development after years in commentary.

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