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by soundlab
4259 days ago
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> “We issue cash bonuses at the end of a good period, whether it’s a month, quarter, or year. It actually ends up being a better outcome for most employees."< With all the obsession we see over the stock options/startup lottery, I think this point bears consideration. A stable, low employee churn organization with great cash flow can make you plenty rich if the founders and board put aggressive profit sharing and bonuses in place. I think for bootstrapped businesses this is a great alternative to complex options plans that have no value until an exit/IPO. Wish this approach gained more publicity, even if they've offshored the bulk of the operation. |
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