Keynejad: Co-founders must split equity 50-50 to stay fully incentivized
Sabba Keynejad · Veed Hits $1.3m Revenue, 5,500 Customers Helping Podcasters Create Videos with Subtitles · Sep 2, 2020 · at 3:17
Veed co-founder and CEO Sabba Keynejad pushes back against host Nathan Latka's assertion that co-founders should avoid equal 50-50 equity splits.
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“That's not the right way to do it. If you're doing it that way, then you shouldn't be your co-founder. I mean, like, come on. So you split fifty-fifty. I mean, like, you're going to be doing this for years, hopefully. You're going to make a really big company. Everyone needs to be incentivized from your co-founders to your employees. So, you know, just don't be greedy of equity. Give it away and get everyone on board, right?”
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More from Sabba Keynejad
Keynejad: Venture capital would not accelerate Veed's current growth rate
“Capital's not going to make us grow any faster right now. I can't see that happening.”
Keynejad: Veed can reach $10M ARR efficiently within two years
“I see a very comfortable, like I kind of see a decent path for the next couple of years to get to the ten million ARR and I think there's a very good possibility we're going to get there and we're going to get there relatively efficiently.”
Keynejad: Veed adds 60 to 80 new paying customers daily
“We did we did 80 yesterday, which is good. Anywhere between like 60 to 80 today, something like that.”
Keynejad: Veed has high monthly customer churn of roughly 13%
“Churn is about 13%, so, you know, much higher than a normal SaaS company, should we say.”