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Mike Zisman

๐Ÿ‘ค Speaker
264 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Golf Genius: $53M ARR, $10M Self-Funded, Zero VC โ€” Mike Zisman

Very widely.

SaaS Interviews with CEOs, Startups, Founders
Golf Genius: $53M ARR, $10M Self-Funded, Zero VC โ€” Mike Zisman

It's not an ESOP, but it's profit.

SaaS Interviews with CEOs, Startups, Founders
Golf Genius: $53M ARR, $10M Self-Funded, Zero VC โ€” Mike Zisman

Not counting, well, almost 80%, including me and the other executives.

SaaS Interviews with CEOs, Startups, Founders
Golf Genius: $53M ARR, $10M Self-Funded, Zero VC โ€” Mike Zisman

Yeah, because we raised so little money.

SaaS Interviews with CEOs, Startups, Founders
Golf Genius: $53M ARR, $10M Self-Funded, Zero VC โ€” Mike Zisman

We only raised 11 million bucks.

SaaS Interviews with CEOs, Startups, Founders
Golf Genius: $53M ARR, $10M Self-Funded, Zero VC โ€” Mike Zisman

Okay.

SaaS Interviews with CEOs, Startups, Founders
Golf Genius: $53M ARR, $10M Self-Funded, Zero VC โ€” Mike Zisman

That's including you though.

SaaS Interviews with CEOs, Startups, Founders
Golf Genius: $53M ARR, $10M Self-Funded, Zero VC โ€” Mike Zisman

You plus employees.

SaaS Interviews with CEOs, Startups, Founders
Golf Genius: $53M ARR, $10M Self-Funded, Zero VC โ€” Mike Zisman

That's including me.

SaaS Interviews with CEOs, Startups, Founders
Golf Genius: $53M ARR, $10M Self-Funded, Zero VC โ€” Mike Zisman

But if I take away the really senior people, it's still 60%.

SaaS Interviews with CEOs, Startups, Founders
Golf Genius: $53M ARR, $10M Self-Funded, Zero VC โ€” Mike Zisman

My biggest thrill, I tell people, honest to God, I will measure the success of this company by how many of our employees make a significant amount of money when we sell or when we exit or do a recap.

SaaS Interviews with CEOs, Startups, Founders
Golf Genius: $53M ARR, $10M Self-Funded, Zero VC โ€” Mike Zisman

To me, I was successful in my first company.

SaaS Interviews with CEOs, Startups, Founders
Golf Genius: $53M ARR, $10M Self-Funded, Zero VC โ€” Mike Zisman

I wasn't really focused on the money.

SaaS Interviews with CEOs, Startups, Founders
Golf Genius: $53M ARR, $10M Self-Funded, Zero VC โ€” Mike Zisman

So I was able to spread the equity out quite widely.

SaaS Interviews with CEOs, Startups, Founders
Golf Genius: $53M ARR, $10M Self-Funded, Zero VC โ€” Mike Zisman

And we have people who joined us in 2010 and

SaaS Interviews with CEOs, Startups, Founders
Golf Genius: $53M ARR, $10M Self-Funded, Zero VC โ€” Mike Zisman

got what were significant slugs of stock because it was not worth very much.

SaaS Interviews with CEOs, Startups, Founders
Golf Genius: $53M ARR, $10M Self-Funded, Zero VC โ€” Mike Zisman

And we have incredible retention because of it.

SaaS Interviews with CEOs, Startups, Founders
Golf Genius: $53M ARR, $10M Self-Funded, Zero VC โ€” Mike Zisman

We have over, we probably have 6%, 7% attrition, including in Romania for developers.

SaaS Interviews with CEOs, Startups, Founders
Golf Genius: $53M ARR, $10M Self-Funded, Zero VC โ€” Mike Zisman

I like the people.

SaaS Interviews with CEOs, Startups, Founders
Golf Genius: $53M ARR, $10M Self-Funded, Zero VC โ€” Mike Zisman

I say, well, it's either because they really like me or they own a lot of stock.