How Derek Sivers sold CD Baby for $22M without taking VC 18 years ago
"I let the CFO choose the profit-sharing plan and blindly trusted her choice, until 6 months later my accountant showed me it was giving almost all net profits back to the employees, and had doubled most people's salaries."
How could a business owner be ignorant of policies for a full 6 months? Wasn't his signature required to implement the plan in the first place?