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Danielle Morrill

๐Ÿ‘ค Speaker
202 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

Andy runs sales and growth.

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

So does my friend Andy, our other co-founder.

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

And then I run, I mean, I'm really doing the CEO role now.

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

So I'm running finance, G&A, you know, leading products, kind of coordinating throughout the company and managing the senior executives.

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

Well, I don't think you should do it even split because it's not ever even.

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

Also, if you can't have that uncomfortable conversation, I've got news for you.

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

There's going to be way more, way more uncomfortable conversations down the road.

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

So this is a good training ground for that.

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

Yeah, so I mean, I started the company, I recruited my husband to join me, I recruited my friend Andy to join me, so I have the lion's share of the founder equity, and I basically assigned them the equity amounts I thought made sense, you know, and it was like a job offer.

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

So I think the CEO decides, the first major decision the CEO makes.

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

It's not just how important they are, although that's a piece of it.

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

The other thing you have to think about is like, you're going to, you're not going to want this person to leave.

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

They're going to be a huge part of building the business with you.

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

You don't want them to come back to you a couple of years later and say, you know, I think I got really screwed.

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

So you have a huge incentive to get it right.

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

So it's much more around like, you know, they're important, but you don't know what's going to happen in the future.

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

So it's much more about helping play out the scenario of like, here's, you know, how value is going to get created.

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

I think the truth is it's different with a startup that's going to go for swing for the fences outcomes versus just small business.

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

Because in our case, any outcome is going to be really meaningful for everyone.

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

And the percentage ownership that people have at the founder level, you know, isn't going to really matter.