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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?

Um, it'll be 400,000.

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

We, our goal was actually to lose money in the second half of the year.

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

We, we have not spent much on advertising as a company this year.

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

We're like, okay, we're going to double down and we're going to spend aggressively on, uh,

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

brand and product advertising.

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

And we didn't do that.

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

We spent a bunch in the first half of the year, but we were still way more profitable than we expected.

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

We doubled down further in the second half of the year.

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

And our accounting team last week was like, guys, we're still profitable.

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

So it's going to be smaller.

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

I think the average check size is going to be five grand instead of

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

like the 11 that it was last time but do you hear any pushback from teammates when they sort of already calculated what they think their check's going to be and then you guys decide you want to spend more aggressively so there's less profit to share and how do you balance that yeah so one we like the same all the transparency that you see on the outside we have even more transparency on the inside so for example um

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

We have full open books so everyone can see all the expenses, see what we're spending and everything.

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

And we just are really upfront about all of the trade-offs in the business.

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

So we talk about this short-term versus long-term and what the effects are with compounded growth and everything else.

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

So I think of compensation in two different ways that kind of makes a quadrant.

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

So I think of short-term versus long-term compensation.

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

And I think of guaranteed versus performance-based.

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

So short-term guaranteed is salary.

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

Long-term guaranteed is like 401k match, you know, retirement.