3 ms·
>> "Our books are so silly simple, our operating agreement hasn’t changed in a decade." Both Carlos Segura and Ernest Kim were original founders of 37signals.
by alberth 10y ago
>> "Our books are so silly simple, our operating agreement hasn’t changed in a decade."
Both Carlos Segura and Ernest Kim were original founders of 37signals. [1]
I wonder if they both get some type of profit distribution even though they haven't been involved in the business in years.
[1] https://en.m.wikipedia.org/wiki/Basecamp_(company) https://en.m.wikipedia.org/wiki/Basecamp_(company)
- carsongross 10y agoIf they are owners of the LLC they must be paid out distributions in exactly the percentage that they own the company.