Chaudhry: BlogVault allocates over 20% of annual profits to employee profit-sharing
Akshat Chaudhry · How to Set Up Profit Sharing Plan from $2m+ Bootstrapper · Jun 17, 2022 · at 7:39
BlogVault founder Akshat Chaudhry clarifies to host Nathan Latka the exact baseline percentage of profits set aside for the team's profit-sharing plan.
0:00 / 0:02exact quote · 2.4s
720p mp4 · rendered on demand · StarZero watermark
“It's higher than that. Yeah, it's higher than that.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Akshat Chaudhry
Chaudhry: BlogVault builds a better product than Automattic
“So Automatic is the company, yes. And we would love to, yeah, we think we have a better product than them.”
Chaudhry: Top Bangalore senior engineers at BlogVault earn up to $100,000
“It can go to a 100,000 dollars.”
BlogVault's profit-sharing prioritizes tenure over seniority
“So for example, if you are a very senior person, but you have only spent a year in BlogVault, then the then the profit share would be lower than a person who is, who might be junior than you, but has spent five years at BlogVault.”
Chaudhry: BlogVault Will Break $10M Revenue Within a Couple Years
“It's very difficult, but within a couple of years, definitely.”