Sam Reich
๐ค SpeakerAppearances Over Time
Podcast Appearances
uh second job unless unless they don't have a first job in which case you know they are very you know happy to be working what we want for them to be very happy to be working with us even so
I don't think it's hard.
I don't think what we're doing is that hard.
Say nothing about our brilliant finance team who does it.
But, like, specifically the reason we're doing profit share and, like, not royalties.
I think it is kind of hard to cut the checks.
I think royalties are harder.
Yeah.
Right.
Which is like royalties are harder.
Which is why we do profit share, because it's like a much simpler for us from an admin standpoint.
I think that other companies don't do this because it is not standard and because they can get away with not.
But the big one is probably this, which is that they have people that they need to satisfy, a whole category of people they need to satisfy who we don't have because we're not a public company.
And right there, number four, number five, number six, depending on the company, is the shareholders.
And that means like there are people like basically by hoarding money, you are satisfying someone.
Yeah.
Right?
Which, like, we don't have.
There's no one to satisfy.
IAC, theoretically.