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11 results for “milestone compensation”
...compensation. They said, we don't know you. We're gonna give you a shot for three years. And I said, okay. Well, at the end of three years, I want you to recognize what I've done. And I did a lot of good things in that time. And this is my guidance t
1:07:29 / 1:08:30
from transcript1:07:29 – 1:08:30
...compensation and how you've evolved your I mean, started out as a search fund. Right? A rigid mode to that. How'd the company's approach to equity compensation evolve over time as you're bringing in these a players? This is where
1:46:29 / 1:47:30
from transcript1:46:29 – 1:47:30
Here we are a company that's come out of being almost out of business to being profitable. We've gotta do something about it. So I said to her, I wanna know what we can do for these employees. I wanna raise their minimum wage. So we started in 50¢ in
54:44 / 55:45
from transcript54:44 – 55:45
Medallion is on the order of, call it, doubling every year. Let's round that up and just add them and say, 49% of the economic returns in any given year go to the current team, and 51% of the economic returns go to the tenure base. I was like, what i
2:07:31 / 2:08:30
from transcript2:07:31 – 2:08:30
...our compensation, Will, was this idea of full potential. So consistent with divine discontent, like reaching for those goals, we have a bonus plan that was a fair bonus plan that people would strive for, obviously, but we'd always have this souped up
1:49:27 / 1:50:30
from transcript1:49:27 – 1:50:30
freaking percent. Medallion, at this point, is stacking up cash. It is a meeting full fund. It's about $250,000,000 total at this point in time, which is small, but we're talking about 1994 with a bunch of outsiders and academics that have managed to
1:14:15 / 1:15:30
from transcript1:14:15 – 1:15:30
setting incentives for people to get the outcomes that you want? Fairly complex structure. I don't know if this will disappoint you, but we don't. Everybody is paid a fixed salary. No variable pay, no stock grants, nothing. They can choose to invest
56:57 / 58:15
from transcript56:57 – 58:15
...compensation scheme that we had there. Well over 200 millionaires were kind of birthed from the Crownrock investment. I think our CEO had a very keen insight relatively early on which is that if you give someone a piece of equity, they will very ofte
35:09 / 36:17
from transcript35:09 – 36:17
the next however many hours of the story really diving into what are all the trickle out effects and different emotional states that that puts a person in at various points in a company's lifetime. This is the beginning. We didn't talk to Bob, but I
24:44 / 25:49
from transcript24:44 – 25:49
in our exposure to the volatile material of the startup. Asymmetry is a 20x, 50x, 100x fund. And if we degrade that, it sort of misses the point. And I want this to be and I'm already many of us are at this place where our we pay crazy. As a GP, I pa
54:39 / 55:44
from transcript54:39 – 55:44
It was unprecedented. Uber hit what? A $70,000,000,000, I think, valuation? 80 on the private markets. Yep. Or maybe 80 was the number that it was anticipated to go public. Could be. I know it was at least 60, I believe, valuation. It whatever it was
3:03:43 / 3:04:46
from transcript3:03:43 – 3:04:46
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