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Akshat Chaudhry

๐Ÿ‘ค Speaker
214 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

And it was launched as a side project.

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

I've been doing it full-time for 10 years now.

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

Yes.

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

We are 35, 36 now.

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

Over half the team is engineers.

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

Almost all of us are based in Bangalore.

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

Yes, it is.

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

It is the Silicon Valley of India talent.

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

You get the best engineers in India here, but it's also highly competitive.

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

We don't disclose it, but yeah, we are one of the top payers.

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

So the best engineers in our company would get as much as they would get in some of the most- Yeah, but I don't know what that is though.

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

How much is it?

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

It can go up to $100,000 a year.

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

Yes.

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

That's a good question.

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

So we have a very generous profit-sharing program where we do it based on the number of years you have spent at Blogvault.

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

And seniority is a combination of that.

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

And so as you spend more number of years, it almost acts as options.

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

But yeah, we've tried to keep it as fair as possible.

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

Five years would be the seniority that you have.