Explore the journey of a project that evolved into a profitable business generating $200,000 a month in revenue without external funding, emphasizing equity and profit sharing over traditional capital raising. Insights are drawn from successful companies like Basecamp and Mailchimp, focusing on stock options, equity buyback pools, and managing equity sales. The chapter also delves into unique strategies for managing shares, valuations, and long-term growth, while sharing personal experiences of selling shares for financial support.
Nathan Barry is a pioneer of the creator economy. He is the founder and CEO of ConvertKit, an email marketing platform used by creators like James Clear, Tim Ferriss and Arnold Schwarzenegger. He’s also the author of Authority, an eBook that has sold over 15,000 copies worldwide since its release.
In this episode of the Elevate Podcast, Nathan Barry joins host Robert Glazer to discuss building ConvertKit, ConvertKit's unique culture and profit sharing, the creator economy and much more.
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