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Mark Organ

๐Ÿ‘ค Speaker
372 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

I think in the model, he has something like two and a half million dollars worth.

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

Yeah, it's not part of the option pool.

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

It's not options.

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

They're buying shares.

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

Okay.

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

They're buying common shares.

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

Yeah, but the VCs are happy to do it.

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

Well, it also strengthens the company.

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

And that's really what happened, too, at Eloqua when the employees bought all the stock.

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

was they really were owners at that point.

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

And so it built a very strong and resilient culture.

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

So I think smart VCs are always really happy when employees own more of the company, especially if they're paying for it.

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

The big difference between getting awarded a bunch of options...

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

that have an expiration that they have to be redeemed within three months after leaving.

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

I mean, those are much more ephemeral.

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

Whereas, no, these guys are card-carrying shareholders.

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

They're going to show up to the annual shareholders' meeting.

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

Um, and they're on the same playing field as, you know, all, all other, um, all other investors.

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

Beautiful.

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

That's it?