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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?

Short-term performance-based is profit sharing and long-term performance-based is equity.

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

And what I think that does is it makes this whole, like this matrix where it's all covered and you're taken care of in each way.

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

And the individual team member can get a feel for the trade-offs that the business is making.

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

So for example, I, as a founder, I'm like, let's spend right now because let's get on the growth trajectory that we want on our path to 50 million ARR, 100 billion ARR.

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

You don't want a team member to be like, no, no, no.

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

I want money in my pocket.

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

And so by having them participate in each side of it, they get to live in that tension that you as a founder live in and they go, okay, yeah, let's invest now because profit sharing will be bigger down the road.

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

my equity is going to have more value down the road.

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

Yeah, so I own 90% and the team pool is 10%, of which 7% is currently allocated.

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

It's working decently.

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

There's a lot of things that we're having to figure out.

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

We're able to drive a lot of free accounts.

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

But one, for example, we found that our mobile experience isn't as good as it should be.

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

And so, you know, inexpensive accounts to drive are mobile.

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

accounts, but if you don't have a great in-app mobile experience, then they're not going to convert or they're not going to have a good uptake.

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

So there's a lot that we've been trying to figure out.

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

The other thing is we're about to kick off some big new brand campaigns where we actually hired a major marketing agency to produce video brand ads for us.