Episode 519 | Profit Sharing, Stock Options, and Equity (A Rob Solo Adventure)

Startups For the Rest of Us

Rob Walling

Entrepreneurship, Management, Business, Marketing

4.9 • 819 Ratings

🗓️ 20 October 2020

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this episode, Rob talks through profit sharing, stock options, and equity and makes a comparison between these various approaches. If you are thinking of ways to incentivize team members as a bootstrapper, this episode is for you. The topics we cover [04:34] Bonuses [07:52] Equity Grants [11:47] Stock Options [20:09] Profit Sharing [26:09] Which is best for your SaaS? Links from the show Trends.vc Peldi Guilizzoni's Profit-Sharing Plan Rob Walling | Twitter If you enjoyed this episode, let us know by clicking the link and sharing what you learned. Click here to share your number one takeaway from the episode. If you have questions about starting or scaling a software business that you'd like for us to cover, please submit your question for an upcoming episode. We'd love to hear from you! Subscribe & Review: iTunes | Spotify | Stitcher

Transcript

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0:00.0	Turns out, the rumors are true. This is Startup for the Rest of Us, episode 519. Thanks for joining me again this week.
0:08.2	I'm going to be running a solo adventure today, talking through profit sharing, stock options, and equity, and doing a comparison of those various approaches with the thought of incentivizing employees and team members in mind. This is the conversation
0:23.9	that I have had at least five times and maybe six in the past three months. So I figured it was
0:30.0	time to put some thoughts to tape so it's a resource I can use to point people at in the future.
0:35.9	And if you're thinking about whether,
0:38.3	you know, as a bootstrapped or mostly bootstrapped startup founder, whether to set up a profit
0:42.5	sharing plan, to offer stock options, to do equity grants, or to just pay bonuses, or other ways
0:48.1	to incentivize your team members, that's really what I'm going to be working through today.
0:53.9	But first, I got a couple of
0:56.2	the best podcast reviews I think we've ever had. The first one is from Brett Kelly via Apple Podcasts,
1:02.9	and he said, Rob is the Chuck Norris of bootstrapped founders. Thanks for all you do, Rob. I really
1:08.0	appreciate that, Brett. I appreciate the sentiment and the creativity of it.
1:11.8	The other one, the subject line is the podcast that changed my life. This podcast was instrumental in my journey from Blah Day Job to successful tech founder.
1:20.1	Rob and Mike for the first 450 episodes or so bring useful, actionable advice every week.
1:24.6	I also really appreciate the honest delivery with none of the radio
1:27.9	DJ slimyness that so many podcasts seem to embrace. So thank you so much for those reviews.
1:33.2	And if you haven't left us a five-star review in Apple Podcast or Stitcher or Spotify or wherever
1:38.0	you partake of this show, I would really appreciate it because it definitely helps
1:42.2	keep us motivated and it helps bring more new listeners to the show.
1:46.8	Next, I wanted to mention hey.com.
1:50.3	Now, I've mentioned in the past that Basecamp is a headline partner with MicroConf,
1:55.9	and in partnership with MicroConf, I have had a few Basecamp ads on this show.
	...

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