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Nathan Berry

๐Ÿ‘ค Speaker
1489 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

So we give out, like if you joined, we have people who will join and then like profit sharing is 30 days later.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

And they're like, you still get 500 bucks, you know?

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

Cause we want them to kind of have that taste of it.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

And the person next to you got 17,000 or something, but like,

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

That's because they've been with the company for quite a while.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

So in that pool, it is 75% based on you're just a team member and everybody participates equally.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

And then 25% is based on time with the company.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

So there's just a spreadsheet that has everyone's start date.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

So all the team members, their start date, how many days since that, and it totals up the total days worked ever.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

And then it distributes.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

So it just says X percentage of this pool should go to Charlie because she's been with us for four years to this person because they've been with us for one year.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

So like the profit sharing that we did in the spring, let me think.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

The average was $11,000 per person.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

The smallest check was $3,000 for someone who joined really recently.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

And the biggest was I think 19,000.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

And so that's kind of the swing that you'll get.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

We used to have something in there where we had another score for individual performance.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

Um, and we took that out and we basically decided we're going to set a high bar for performance, just like to work at this company and everyone wins and loses together.