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Adam Sandman

๐Ÿ‘ค Speaker
453 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
He's the Real Unicorn: Bootstrapped to $10m, Owns 100%, Shares Profits with Team

The lower number, yeah.

SaaS Interviews with CEOs, Startups, Founders
He's the Real Unicorn: Bootstrapped to $10m, Owns 100%, Shares Profits with Team

It's not a straight because some people make more money and have been longer, potentially have a higher.

SaaS Interviews with CEOs, Startups, Founders
He's the Real Unicorn: Bootstrapped to $10m, Owns 100%, Shares Profits with Team

Because when we give raises, we might give a raise in base.

SaaS Interviews with CEOs, Startups, Founders
He's the Real Unicorn: Bootstrapped to $10m, Owns 100%, Shares Profits with Team

We might give a raise in bonus pool.

SaaS Interviews with CEOs, Startups, Founders
He's the Real Unicorn: Bootstrapped to $10m, Owns 100%, Shares Profits with Team

So it's not as simple as everyone gets exactly.

SaaS Interviews with CEOs, Startups, Founders
He's the Real Unicorn: Bootstrapped to $10m, Owns 100%, Shares Profits with Team

What are the inputs?

SaaS Interviews with CEOs, Startups, Founders
He's the Real Unicorn: Bootstrapped to $10m, Owns 100%, Shares Profits with Team

Yeah, primarily, the primary one is actually base salary.

SaaS Interviews with CEOs, Startups, Founders
He's the Real Unicorn: Bootstrapped to $10m, Owns 100%, Shares Profits with Team

It's sort of a rough percentage of that, but it's also tenure.

SaaS Interviews with CEOs, Startups, Founders
He's the Real Unicorn: Bootstrapped to $10m, Owns 100%, Shares Profits with Team

So it's a combination of the two factors, I would say.

SaaS Interviews with CEOs, Startups, Founders
He's the Real Unicorn: Bootstrapped to $10m, Owns 100%, Shares Profits with Team

Probably more like 10 to 20, honestly.

SaaS Interviews with CEOs, Startups, Founders
He's the Real Unicorn: Bootstrapped to $10m, Owns 100%, Shares Profits with Team

it's not as formal as that being small.

SaaS Interviews with CEOs, Startups, Founders
He's the Real Unicorn: Bootstrapped to $10m, Owns 100%, Shares Profits with Team

It's more like when we do a pay raise, we'll say, okay, you've done a great year.

SaaS Interviews with CEOs, Startups, Founders
He's the Real Unicorn: Bootstrapped to $10m, Owns 100%, Shares Profits with Team

We're going to raise your base by X. And guess what?

SaaS Interviews with CEOs, Startups, Founders
He's the Real Unicorn: Bootstrapped to $10m, Owns 100%, Shares Profits with Team

Your bonus will go from say 10,000 a year to 15.

SaaS Interviews with CEOs, Startups, Founders
He's the Real Unicorn: Bootstrapped to $10m, Owns 100%, Shares Profits with Team

So it becomes more step function.

SaaS Interviews with CEOs, Startups, Founders
He's the Real Unicorn: Bootstrapped to $10m, Owns 100%, Shares Profits with Team

It's not like a smooth graph.

SaaS Interviews with CEOs, Startups, Founders
He's the Real Unicorn: Bootstrapped to $10m, Owns 100%, Shares Profits with Team

As we get bigger and more formalized with HR, we probably will do more of that.

SaaS Interviews with CEOs, Startups, Founders
He's the Real Unicorn: Bootstrapped to $10m, Owns 100%, Shares Profits with Team

But right now it's been very much a, you know, you did a great year.

SaaS Interviews with CEOs, Startups, Founders
He's the Real Unicorn: Bootstrapped to $10m, Owns 100%, Shares Profits with Team

You've achieved above and beyond.

SaaS Interviews with CEOs, Startups, Founders
He's the Real Unicorn: Bootstrapped to $10m, Owns 100%, Shares Profits with Team

We're going to raise your base.