05/02/2024
So, get this – in 2023, this company raked in a cool $27 million in revenue, pocketing a net profit of $8.9 million. And here's the kicker: not a single full-time employee in the mix – all part-time gigs! Can you wrap your head around that?
The founder is none other than Sahil Lavingia, the renowned author of "The Minimalist Entrepreneur: How Great Founders Do More with Less," advocating the concept of "small is beautiful" as an independent developer.
This business has no meetings, no deadlines, and no full-time employees. The business is Gumroad.
Employees are paid through a special algorithm, working 15 - 35 hours per week, settling payments at the end of the month through its another product, Flexile, with complete transparency in wages. The salary for software engineers is: Base of $150/hr. Assuming 44 weeks a year, 35 hours a week: $231,000, which is considered quite high. No meetings, no insurance provided to employees, and no provision of any computer equipment; he believes these should be the employees' responsibility to handle, to buy what they need and like the most.
For specific details, one can refer to his article: https://sahillavingia.com/work
He aims to create a new way of working and a completely transparent company.
Even the board meetings are open to the public, and you can watch his videos on YouTube: https://t.co/hMf8USsSSt
