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#075 Flywheel Masterclass, Flying Planes, and Building For Creators with Nathan Barry of Convertkit

Smart Friends

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Evolution of Compensation Strategies in Startups

This chapter explores the shifts in thinking around incentive compensation and ownership in the startup world, emphasizing the importance of profit-sharing and equity. It discusses the balance between capitalism and socialism in business, highlighting the benefits of ensuring the team benefits from the company's success. The conversation also covers the complexities of incentive compensation, stressing the need for smart trade-offs to sustainably balance short-term gains and long-term growth.

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