Chapter 29: [Let's Talk After Doing It]
Fang Hong's roommates all turned to look at him in unison. With a smug yet cheerful expression, he declared, "Brothers, I'm worth 150,000 yuan now."
The room fell silent for a brief moment.
Xu Jingren and the others were visibly stunned before they all exclaimed in unison, "Are you serious? Is that 150,000 real or fake?"
In this era, 150,000 yuan was an enormous sum in the eyes of these university students. The national minimum wage hovered around 700 to 800 yuan per month, while even in Pengcheng, one of the most developed cities, it was only around 1,000 yuan.
Fang Hong chose his words carefully, deliberately keeping his revelation at just the right level—not too much to overwhelm them, but enough to impress.
His roommates instantly became excited. Yuan Jie, still in shock, said, "Damn, I've never even seen that much money in my life! I was joking with the guys earlier, saying we'd have to help you out when you inevitably lost money. But instead, you've gone and made a fortune without even telling us!"
Fang Hong laughed. "I plan to invest all of it into our company and start operations immediately. Time waits for no one! After that, I'll focus on attracting investors. If Mark Zuckerberg could create Facebook in his dorm room, why can't we build Quantum Beat? One word—Action! Let's do it first and talk later!"
The energy in the room surged as his roommates instantly responded, "That's right! Let's do it first and talk later!"
This was the spirit young people should have, and Fang Hong was satisfied.
Xu Jingren turned to him seriously and asked, "So, what's the next step?"
Fang Hong responded without hesitation, "First, we register the company. I have 150,000 yuan, and I plan to invest 125,000 yuan into it. That will be our registered capital. We'll pay 25,000 yuan upfront, and the remaining 100,000 yuan will go toward renting an office space near campus, buying computers, and other essential hardware for development. Since our funds are limited, we need to be frugal. We should check out the second-hand market for affordable equipment—save where we can, and spend where we must."
His roommates nodded attentively, absorbing his words.
Fang Hong continued, "With 100,000 yuan, I estimate that 15 to 20 days will be enough to set up everything. You guys will start working on development immediately. Time is tight—the sooner we launch the product, the better. Meanwhile, I'll focus on securing investments."
His clear and structured plan reassured everyone. Each person had a specific role, and all aspects of the startup were accounted for.
By 10:30 AM, they had divided their tasks. Xu Jingren and a few others went out to find a rental space since they had to balance this with their classes. Fang Hong, however, stayed back. He needed to draft the articles of association for Quantum Beat. More importantly, he wanted his friends to gain hands-on experience instead of relying on him for everything—he wasn't here to be their babysitter.
Fortunately, Cao Chenghui, through the companies he had previously registered, had already solved the venue registration issue, which was a key requirement for company incorporation.
Drafting the company's articles of association was an arduous task for Xu Jingren and the others. But for Fang Hong, it was almost effortless. Business operations were his forte. With sharp focus, he completed the draft in a few hours—so thorough that even a professional lawyer would struggle to find any flaws.
Just as he was finishing up, he received a notification: the two limited partnerships, "Zhenxing" and "Shenxing," had successfully passed approval.
He glanced at the message and set his phone aside. With these two partnerships now approved, his next step was to establish a joint venture—Qunxing Investment Company—by visiting the Industrial and Commercial Bureau the following day.
A Milestone Achievement
By 5:00 PM, Xu Jingren and the others hurried back to the dormitory, carrying a feast of takeout to celebrate this memorable day.
"We found a venue and finalized negotiations with the landlord. We're just waiting to sign the lease and make the payment," Xu Jingren announced as he sat down. Meanwhile, his roommates set up the food on the table.
"Good." Fang Hong nodded. "While you were out, I made an appointment with the bank to withdraw the money tomorrow." Large withdrawals like 100,000+ yuan required advance notice.
"How's the location?" Xu Jingren asked, turning to Sun Xin. "Show the boss the video."
They had all agreed earlier that Sun Xin would serve as the CEO of Quantum Beat, though they still recognized Fang Hong as the real leader—a position he had earned in just half a day through his competence and vision.
Fang Hong waved his hand dismissively. "No need. Just make sure it's good enough. As Chief Strategy Officer, my role is to handle overall direction and strategy. The CEO should handle operational decisions. Are you trying to push your responsibilities onto me and make me do more work?" He smirked, adding, "I've already exhausted myself drafting our company's articles of association!"
His words reflected complete trust and delegation—an essential skill in leadership. His roommates were young, and they needed to develop independence. He wouldn't coddle them.
Xu Jingren chuckled but didn't argue. With that, the group eagerly dug into their celebratory meal.
The Company's Articles of Association
Halfway through the meal, Yuan Jie suddenly asked, "By the way, how's the company's articles of association coming along?"
Fang Hong stood up, retrieved the document from his desk, and handed it over. "It's done."
The group leaned in, flipping through the pages. Their eyes widened in admiration.
Lou Gaoyuan read aloud, "Shareholder agreements, board of directors, board of supervisors, general shareholders' meeting, executive management... Damn, this is detailed. Everything is clearly structured."
Fang Hong smiled. "The articles of association serve as a company's constitution, so they have to be comprehensive. However, since they follow the Company Law, there are still some gaps in restricting shareholder actions. That's why we need an additional shareholder agreement, which falls under Contract Law and offers stronger protections."
Wang Ping looked at him with genuine admiration. "Honestly, I don't know what happened over the summer, but you've changed so much. I almost thought you switched from Computer Science to Economics and Management. We all went through the same nine years of compulsory education—how the hell did you level up like this?"
Fang Hong replied casually, "Of course, I studied on my own. Since I decided to start a business, I treated it seriously—as my career. I put my heart into it. Over the summer, I nearly burned out ten livers just to get here."
His roommates looked at him in awe. His dedication earned their genuine respect.
As they continued their discussion, Fang Hong glanced at his social reputation system interface.
His reputation score had increased slightly.
Not a huge amount—but progress nonetheless.
And with time, that number would only grow. There was no need to rush.
To Be Continued...