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Colin Earle

๐Ÿ‘ค Speaker
323 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

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.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

Around about 10%.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

I think we'd do the same thing again.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

Well, the initial option pool was about 10%.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

We expanded that option pool as the company grew.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

Well, what you do is you look at what will it take to make the company really attractive to a potential employee?

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

How many such folks do we anticipate hiring on before we get to the next level of revenue?

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

If you're giving somebody, say, 0.1% of the company or 0.5% of the company,

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

That's very different if the company is revenue of, say, $10 million a year as opposed to $1 million a year.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

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.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

And yeah, we more than doubled the equity pool.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

I'm still the larger shareholder.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

Well, to be clear, I didn't keep more than 50% of the stock.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

I'm the largest shareholder.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

Oh, I see.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

Got it.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

But there are other shareholders as employees, as FTV, et cetera.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

And we bought in FTV because we felt it was time to accelerate the growth of the organization.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

CLM is an extraordinary and rapidly developing and evolving market.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

And it's nice to take some cookies off the table.