Ghare: VervoTech shared roughly 25% of annual profits with employees
Sanjay Ghare · This Hotel Tech SaaS Just Exited to Constellation Group After Hitting 30% EBITDA Margin and sharing 25% of profits with employees · Sep 25, 2023 · at 18:52
VervoTech founder Sanjay Ghare explains his company's internal compensation and profit-sharing structure to Nathan Latka.
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“We had been always sharing the part of profit back to all the employees in the company... Typically, 25%, but it also depends on our cash flow because we are a bootstrap. So we just started it from two years.”
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“We try to operate around 30%... It's a EBITDA.”
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