115: Chapter 115 Starting a Company or Doing Charity

"By the way, Brother Lin Yi, I heard that the revenue split between Whale Live Streaming and its streamers is 40/60."

"The platform takes 40 percent, and the streamer gets 60 percent. Is that true?"

Chen Fei asked the question that many of the streamers in her group were most concerned about.

Currently, most major streaming platforms basically adopt a 50/50 split ratio.

Half of the gift revenue received by streamers is taken away by the platform.

However, everyone couldn't really say much, as the platform's daily maintenance and such also required money.

Moreover, small streamers like them mainly relied on the platform's natural traffic.

Letting the platform take 50 percent was only right.

But as time went on, everyone inevitably had some thoughts about it, more or less.

At the same time the news of Whale Live Streaming's launch was announced this morning, the relevant person in charge of Whale Live Streaming also publicly guaranteed that the revenue split between Whale Live Streaming and streamers would be set at approximately 40/60.

Once this news came out, it made many streamers, especially those with high traffic, very tempted.

Don't underestimate this extra 10 percent in revenue.

If the daily gift revenue is one million, that extra 10 percent means earning an extra one hundred thousand!

Everyone streams to make money; who wouldn't want to earn a bit more!

Furthermore, big streamers have a relatively solid fan base, so they aren't significantly affected by the platform.

Even if they jump to another platform, their fans will follow them.

Their traffic won't be too heavily impacted.

However, these big streamers are constrained by the contracts of their current streaming platforms; if they were to switch platforms rashly, they would need to pay a large penalty fee.

So, while they were tempted, they could only adopt a wait-and-see attitude for the time being.

But Lin Yi didn't understand the details behind this; this split ratio had been decided by the management team, including Zhang Zhengan.

"60 percent... is that considered a lot?"

Chen Fei nodded repeatedly.

"Brother Lin Yi, you don't know, this is considered a very high split among streaming platforms!"

"Many of my friends who stream wanted to switch over after hearing this news."

"Because they don't have many followers, switching wouldn't involve any penalty fees."

"Everyone is just a bit worried, not knowing if the news is reliable or not, so I'm asking on their behalf..."

Lin Yi signaled for Chen Fei to calm down, then hurriedly took out his phone and called Zhang Zhengan again.

"Hello, I heard that the split we set between Whale Live Streaming and streamers is 40/60, is that right?"

Hearing Lin Yi's voice, Zhang Zhengan felt instinctively nervous.

He thought Lin Yi was coming to hold him accountable.

After all, when they decided on this split, they indeed hadn't reported it to Lin Yi.

Zhang Zhengan knew that the main purpose of starting a company was definitely to make a profit.

Ceding profit to streamers like this was equivalent to reducing the company's profits.

Presumably, Lin Yi would have objections to this.

"President Lin, I'm sorry, it's my fault for not discussing it with you beforehand."

"Actually, my thinking was that Whale Live Streaming is a new platform, after all, and doesn't have much popularity."

"If we want to attract streamers to join, we definitely need to offer some attractive advantages."

"When our platform grows bigger in the future, we can adjust it again..."

"President Lin, I was also doing it for the sake of the company... it's definitely not because I wanted to..."

Hearing Zhang Zhengan pledging his loyalty, Lin Yi hurriedly explained.

"No, you've misunderstood."

"I'm asking, if we want to maintain normal company operations, at what split ratio would we not lose money?"

Zhang Zhengan was stunned; he didn't understand what Lin Yi meant by asking this.

"For normal operations... including employee salaries and such... actually, a 30/70 split could guarantee..."

Hearing this, Lin Yi waved his hand decisively.

"Since we want to attract people, let's just make the incentive even bigger."

"Let's set the revenue split with streamers at 30/70."

"We only take 30 percent for the platform's daily maintenance and staff salaries, that's enough."

Zhang Zhengan dug his ear vigorously, fearing he had misheard.

"President Lin, are you saying... 30/70? We get 30?"

You have to know, if it were 30/70, the company could operate normally, but the profit would be very low.

After deducting daily expenses and staff salaries, Lin Yi, as the boss, would barely make any money.

What kind of boss is like this?

Running a company isn't doing charity.

Who wouldn't want to make money!

"Yes, you heard me right. Arrange it as soon as possible; we're going with 30/70!"

Lin Yi didn't care how much money the platform could earn.

No matter how much it earns, it's not as fast as his own cashback!

It's better to give up a portion of the revenue and attract more beautiful streamers to join.

When the time comes, he'll find an opportunity to bind and trigger the cashback, and he'll earn back years of corporate profits in minutes!

Hearing Lin Yi's definite reply, Zhang Zhengan's heart swelled.

He didn't expect the new boss, Lin Yi, to have such a big vision!

To increase the competitiveness of Whale Live Streaming, he was actually willing to give up 10 percent of the profits!

This was something absolutely impossible for other bosses to do.

For example, his former boss at Huyu Live, Qian Hongyuan, wouldn't even agree to a 40/60 split!

Zhang Zhengan's respect for Lin Yi grew even deeper in his heart.

Following such a boss, why worry about the company not growing big!

"Okay, President Lin, I'll arrange it right away!"

"It's truly my honor to work under you!"

Zhang Zhengan excitedly hung up the phone, then urgently convened a meeting with the heads of other departments to talk about this decision by Lin Yi.

Everyone was very supportive.

They felt that this new boss was different from other bosses.

He wasn't a mercenary businessman.

But like them, he was a person with grand aspirations who wanted to make Whale Live Streaming bigger and stronger to realize his ideals!

In work, the most terrifying thing is following the wrong leader.

And now, seeing this resolute determination from Lin Yi, the employees were all pumped up and full of motivation.

But after hanging up the phone, Lin Yi was a bit puzzled.

He had lowered the company's profits for no reason; as employees, wouldn't they think that he was an incompetent boss?

And they even felt it was an honor to work under him...

What kind of honor...

They aren't being sarcastic, are they...

Sigh, forget it, whatever; at worst, I'll just give them each a red envelope later.

Anyway, he had plenty of money now.

"Feifei, I've talked with the people at the company, and the split with streamers will be set at 30/70."

"It's not easy for you to do streaming; you have to broadcast for so long every day, it's quite tiring."

"You deserve to get more."

"After all, the gifts sent by those fans are, in the end, tips for you."

Chen Fei didn't expect Lin Yi to be so bold and decisive; she nodded quickly.

"Brother Lin Yi, I'll tell the friends in the streaming group right away!"

"This split ratio is too friendly to streamers; I believe they will all definitely come over!"

After saying that, Chen Fei hurriedly posted this news in the streamer group.

And she also explained to the people in the group that the owner of the Whale Live Streaming platform was the very same mysterious top-ranked user who had gifted her over ten million last night.