[rpm4321]

As a practical matter, how would this work?

Wouldn't there have to be a fair amount of upfront and unique legal legwork to put something like this in place? Would the investors be guaranteed a certain percentage of any money Carson takes out of Treehouse?

I'm pretty much allergic to the idea of answering to a board, shareholders, and and analysts myself. 37 Signals seems to have an interesting idea about how to compensate employees in the unlikely case of a liquidity event, but some sort of structure that would allow profit sharing, without requiring a path to IPO or acquisition would be great: http://37signals.com/svn/posts/2987-an-alternative-to-employ...