Colin Earle
๐ค SpeakerAppearances Over Time
Podcast Appearances
And one of the ways that you align the self-interest of the company and the employees is by giving them a piece of it.
Around about 10%.
I think we'd do the same thing again.
Well, the initial option pool was about 10%.
We expanded that option pool as the company grew.
Well, what you do is you look at what will it take to make the company really attractive to a potential employee?
How many such folks do we anticipate hiring on before we get to the next level of revenue?
If you're giving somebody, say, 0.1% of the company or 0.5% of the company,
That's very different if the company is revenue of, say, $10 million a year as opposed to $1 million a year.
So the size of the pool is dependent upon both the number of employees you're looking to hire and the level of seniority and the size of the company at the time that you hire them.
And yeah, we more than doubled the equity pool.
I'm still the larger shareholder.
Well, to be clear, I didn't keep more than 50% of the stock.
I'm the largest shareholder.
Oh, I see.
Got it.
But there are other shareholders as employees, as FTV, et cetera.
And we bought in FTV because we felt it was time to accelerate the growth of the organization.
CLM is an extraordinary and rapidly developing and evolving market.
And it's nice to take some cookies off the table.