Startup Therapy

In today’s Startup Therapy Podcast, Wil and Ryan discuss how founders can talk with the board about their compensation. If you’re a founder and your company is earning a lot of money but you can’t even touch the profit – then maybe it’s time to have that conversation with the board. But how can you even do this without being turned down?

Show Notes

In today’s Startup Therapy Podcast, Wil and Ryan discuss how founders can talk with the board about their compensation. If you’re a founder and your company is earning a lot of money but you can’t even touch the profit – then maybe it’s time to have that conversation with the board. But how can you even do this without being turned down?

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Resources:

What to Listen For
  • 00:00 Intro
  • 02:47 How to have this conversation?
  • 04:50 Situations when you need to change the deal
  • 08:54 Reset expectations
  • 10:29 Make it a binary decision
  • 12:28 When there’s still a glimmer of hope
  • 15:07 The business will become what it needs to be
  • 17:04 When you can’t touch your profit
  • 19:45 Figure out where you’re going to take your binary decision to
  • 23:30 The levers that we need to pull
  • 29:43 The board meeting should be nothing but a formality

What is Startup Therapy?

The "No BS" version of how startups are really built, taught by actual startup Founders who have lived through all of it. Hosts Wil Schroter and Ryan Rutan talk candidly about the intense struggles Founders face both personally and professionally as they try to turn their idea into something that will change the world.