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Chris Savage

๐Ÿ‘ค Speaker
809 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1757 How Wistia Hit $18m Revenues, Used $17m Debt from ACCEL KKR To Buy Out $1.4m Seed Investors With Tender Offer

Do you remember that?

SaaS Interviews with CEOs, Startups, Founders
1757 How Wistia Hit $18m Revenues, Used $17m Debt from ACCEL KKR To Buy Out $1.4m Seed Investors With Tender Offer

I don't know.

SaaS Interviews with CEOs, Startups, Founders
1757 How Wistia Hit $18m Revenues, Used $17m Debt from ACCEL KKR To Buy Out $1.4m Seed Investors With Tender Offer

Okay.

SaaS Interviews with CEOs, Startups, Founders
1757 How Wistia Hit $18m Revenues, Used $17m Debt from ACCEL KKR To Buy Out $1.4m Seed Investors With Tender Offer

Yeah.

SaaS Interviews with CEOs, Startups, Founders
1757 How Wistia Hit $18m Revenues, Used $17m Debt from ACCEL KKR To Buy Out $1.4m Seed Investors With Tender Offer

Oh, that question.

SaaS Interviews with CEOs, Startups, Founders
1757 How Wistia Hit $18m Revenues, Used $17m Debt from ACCEL KKR To Buy Out $1.4m Seed Investors With Tender Offer

No, we haven't had that experience because I think the other piece is that

SaaS Interviews with CEOs, Startups, Founders
1757 How Wistia Hit $18m Revenues, Used $17m Debt from ACCEL KKR To Buy Out $1.4m Seed Investors With Tender Offer

The profit sharing is a part of your compensation, but it's not a huge part.

SaaS Interviews with CEOs, Startups, Founders
1757 How Wistia Hit $18m Revenues, Used $17m Debt from ACCEL KKR To Buy Out $1.4m Seed Investors With Tender Offer

We're also just making sure that we're paying people really well and doing that as we update where people are at throughout the year.

SaaS Interviews with CEOs, Startups, Founders
1757 How Wistia Hit $18m Revenues, Used $17m Debt from ACCEL KKR To Buy Out $1.4m Seed Investors With Tender Offer

I think it ends up being important, but it is not the key piece of your compensation.

SaaS Interviews with CEOs, Startups, Founders
1757 How Wistia Hit $18m Revenues, Used $17m Debt from ACCEL KKR To Buy Out $1.4m Seed Investors With Tender Offer

I think we get very different results

SaaS Interviews with CEOs, Startups, Founders
1757 How Wistia Hit $18m Revenues, Used $17m Debt from ACCEL KKR To Buy Out $1.4m Seed Investors With Tender Offer

if profit sharing was like 50% of people's competition, it's much smaller percentage.

SaaS Interviews with CEOs, Startups, Founders
1757 How Wistia Hit $18m Revenues, Used $17m Debt from ACCEL KKR To Buy Out $1.4m Seed Investors With Tender Offer

Um, yeah, it's, we're optimizing for about a year.

SaaS Interviews with CEOs, Startups, Founders
1757 How Wistia Hit $18m Revenues, Used $17m Debt from ACCEL KKR To Buy Out $1.4m Seed Investors With Tender Offer

I think if anything is lengthened a little bit because, uh, now that we have this, this buffer profitability, we can continue to do those longterm things.

SaaS Interviews with CEOs, Startups, Founders
1757 How Wistia Hit $18m Revenues, Used $17m Debt from ACCEL KKR To Buy Out $1.4m Seed Investors With Tender Offer

Um,

SaaS Interviews with CEOs, Startups, Founders
1757 How Wistia Hit $18m Revenues, Used $17m Debt from ACCEL KKR To Buy Out $1.4m Seed Investors With Tender Offer

So yeah, that's an interesting one because I agree with you.

SaaS Interviews with CEOs, Startups, Founders
1757 How Wistia Hit $18m Revenues, Used $17m Debt from ACCEL KKR To Buy Out $1.4m Seed Investors With Tender Offer

It would have been easy to see it change behavior so that people didn't want to invest, but we haven't seen that.

SaaS Interviews with CEOs, Startups, Founders
1757 How Wistia Hit $18m Revenues, Used $17m Debt from ACCEL KKR To Buy Out $1.4m Seed Investors With Tender Offer

The Protestant Engineering Organization, which I'm just going to lump those together, is about, I think like 45 people.

SaaS Interviews with CEOs, Startups, Founders
1757 How Wistia Hit $18m Revenues, Used $17m Debt from ACCEL KKR To Buy Out $1.4m Seed Investors With Tender Offer

No, we do have six.

SaaS Interviews with CEOs, Startups, Founders
1757 How Wistia Hit $18m Revenues, Used $17m Debt from ACCEL KKR To Buy Out $1.4m Seed Investors With Tender Offer

Like AEs at BDRs, you mean?

SaaS Interviews with CEOs, Startups, Founders
1757 How Wistia Hit $18m Revenues, Used $17m Debt from ACCEL KKR To Buy Out $1.4m Seed Investors With Tender Offer

Yeah.