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Nathan Berry

๐Ÿ‘ค Speaker
1489 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

And we had grown from 100K to 300K in monthly revenue.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

We'd saved up three months of expenses in the bank.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

We'd gotten to 50% profit margins through the team being really lean.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

And I wanted to reward the team for it.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

And so we took 100 grand and paid it out to the team in profit sharing.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

Everyone was totally blown away.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

We were up to 20, but six of them had been hired in the previous 30 days.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

Yeah.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

Everyone participated, but for some people it was like 600 bucks.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

So what we do is we do a six month period is when the profit sharing is.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

And so for everyone that has been there for the entire period, you're eligible for it.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

And we actually give partial credit.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

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's Shocking Growth to $25m Revenue, Power of Creator Economy

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

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

That's amazing.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

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

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

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

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

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

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

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's Shocking Growth to $25m Revenue, Power of Creator Economy

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