Dan McGraw
๐ค SpeakerAppearances Over Time
Podcast Appearances
So that was about four years ago.
And it then sat there for about a year doing that.
And then about, I would say, 18 months ago, we decided to rebrand.
We acquired the UTM.io domain.
And we now rebranded the entire company to be separate.
So I would have to say 18 months is when we've really been focused on it as its own business.
That's part of my co-founder agreement.
Yeah.
So one of our employees here at FN Amazing, Hussein, he actually worked with us for about two and a half years as a contractor and as an employee.
He owned UTM.io.
And as part of our agreement, when we actually acquired that, we decided to keep those details between ourselves because we did acquire that and as well as make him a partner in the company.
But the company is based off the slicing pie model for equity and interest and things like that.
Have you ever heard of the slicing pie model?
So basically, it's sort of like you would have as a fund, but it tracks the amount of hours and as well as the amount of costs that we all contribute.
And then the equity amount ultimately is changing depending on who's putting the most effort or money into the company.
Absolutely.
All of us have hourly rates that are stated inside of our contracts.
Those cost rates, of course, will get changed during time.
As an example, I received a very large increase in compensation in the past 12 months.
So that was obviously changing the way that model works.