Episode Details

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?

Sign up for the Startups Newsletter

https://www.startups.com/newsletter

Resources:

• Startup Therapy Podcast 
• https://www.startups.com/begin
• Join our Network of Top Founders 
• Check in with us on LinkedIn | Wil Schroter | Ryan Rutan

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