Founders, How to Tell the Board "I Need a New Deal" - podcast episode cover

Founders, How to Tell the Board "I Need a New Deal"

Jan 09, 202332 minEp. 194
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Episode description

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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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
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