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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 didn't do that.

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

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

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

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

And our accounting team last week was like,

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

Guys, we're still profitable.

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

So it's going to be smaller.

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

I think the average check size is going to be five grand instead of like the 11 that it was last time.

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

Yeah, so one, all the transparency that you see on the outside, we have even more transparency on the inside.

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

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

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

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

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

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

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

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

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

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

And I think of guaranteed versus performance-based.

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

So short-term guaranteed is salary.

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

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

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

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

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

Okay.

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

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

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