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Hey Reader, In the last 10 years, Kit has paid $9.8 million in profit sharing to our team. I wanted to share the full breakdown of how our compensation model works—and why we built it this way. A few things that might surprise you:
It's a bit too long to share in full here in the newsletter, but I hope you click through to read the breakdown on my blog. I think you'll find it interesting! PODCASTI Met 16 Of The World’s Smartest AuthorsJames Clear and I co-hosted a private mastermind in Nashville with 16 of the world's top nonfiction authors. In this episode, Haley and Chelsea from the Kit team join me to break down our favorite takeaways from the event. We get into the Instagram strategy large accounts use to reach new audiences, why top authors spend 80 hours prepping for their most important podcast appearances, and how to get into rooms above your level by curating the experience yourself. Watch or listen to episode » ARTICLE$9.8M Paid in Profit Sharing: How Kit’s Compensation Model WorksWhile most companies hope to return money to shareholders in a moonshot acquisition, we’ve created a unique model to help our team think like owners and find multiple paths to financial freedom. We want everyone at Kit to make decisions as if they’re spending their own money—because they are. See the breakdown of how our compensation model works: —Nathan P.S. I also shared Kit's Compensation Model as an X article. If you have a moment to leave a like or comment to help it reach more people, I'd really appreicate it! |
I'm a designer who turned into a writer who turned into a startup CEO. My mission is to help creators earn a living. Subscribe for essays on building an audience and earning a living as a creator.
Hey Reader, “You don’t own a jet, right?” That question was not directed at me. I was speaking at Main Street Summit recently, a conference for founders running $5 million to $50 million businesses, and I’d ended up in a group of people talking about airplanes. Three of us were pilots. A man walked up who everyone else seemed to know. Halfway through the conversation, one of the pilots turned and asked him about the jet. “No,” he said. “It annoys me how expensive it is, so I go back and forth...
Hey Reader, Have you noticed house parties aren’t really a thing anymore? We’re spending more time at home than we used to and a lot of us don’t have as many hobbies as we did even a few years ago. My theory is that COVID is to blame and we never fully recovered from it. People share posts about this all the time, so it’s clearly something a lot of us are feeling. And I think what a lot of people do is complain that things aren’t the same anymore and then go back to living their lives. But...
Hey Reader, Wouldn’t it be nice to have more hours in a day to grow your business? I often find myself wishing I had more hours, too. But I have to remind myself that working more only gets me so far. If I work extra hours at Kit this week, I might increase the company’s output by 0.01%. That’s not very much at all. Working extra hours is a way to be more productive, but productivity and leverage are not the same thing. A couple months ago, someone on my team asked me what the difference was...