In our SaaS Fuel™ Expert Series, Jeff is joined by Christopher Nelson, Principal, and Co-Founder of Wealthward Capital, a private equity firm helping Technology Employees build passive income through financial education and by creating recession-resistant passive income portfolios. We discuss the importance of doing due diligence on a company before joining, and how to think about equity compensation versus concentrated key experience. We also talk about the value of having a mentor or manager who can help you leapfrog to the next level, and how to use your enthusiasm to create a flywheel effect.
Tune in for an insightful conversation about how to make sure you're getting the most out of your career!
Key Takeaways
00:04:18 Resilience In The Face Of Adversity: A Key To Success
00:06:03 Creating Sustainable Wealth Through Equity: Christopher Nelson's Advice
00:08:28 Growing Wealth Through Collaboration
00:09:46 Exploring The Benefits Of Linkedin Networking For Financial Success
00:13:51 The Impact Of Financial Uncertainty On Job Selection
00:15:48 Exploring Post-IPO Startups For Low-risk, High-reward Opportunities
00:18:08 The Value Of Equity And Career Capital In Hiring
00:25:05 Gaining Marketable Skills For Higher Salary
00:26:53 Tax Benefits Of Pre-IPO Consulting
00:28:38 Creating An Owner Mindset: The Benefits Of Working For Equity
00:31:59 Creating Momentum Through Risk Management For Career Advancement
00:33:18 Articulating Your Career Capital To Stand Out In A Buyer's Market
Tweetable Quotes
How do they attract the best and brightest, is they need to make sure that they focus also on the underlying fundamentals of the companies. - 00:11:19 Christopher Nelson
I think if you really want to attract the best and brightest, there has to be a clear way where you're saying "here is your equity that I am giving you and here's the way we gonna translate that into value" - 00:11:52 Christopher Nelson
You are the asset. Whatever experience you're in, you need to make sure that you're what I call categorizing your career capital. Which is your education, experience, and your results. - 00:17:47 Christopher Nelson
I believe that every experience when you're making investing with your time and talent. You want to make sure you're investing it in a high-quality company that managers should be able to articulate the value and then also what this role is going to provide to them from a career capital perspective. - 00:19:03 Christopher Nelson
Thinking about your career as an investment is really the way everybody should be thinking about. - 00:20:15 Jeff Mains
It's always paying it forward. Always being able to take lessons that you learned and share them. That's truly the spirit of what I'm trying to do now. - 00:21:32 Christopher Nelson
Success does breathe success. - 00:33:52 Christopher Nelson
SaaS Leadership Lessons
- Chief revenue officers do due diligence on companies before trading their time and talent for equity.
- Having experience with I. P. O. can create momentum for their career to get into desired positions.
- Focus on customers, company mission, department, and team.
- Understand the risk of dilution when looking at equity offers.
- Equity can be a great way to grow wealth and create momentum for your career.
- People need to be able to tell the story of their career capital in order to differentiate themselves from the competition.
- Adversity is a sign of life and resilience is the mark of success.
- Celebrate wins together and quickly rebound from old spider webs to achieve profitable growth impact and freedom
Guest Resources
Christopher’s Facebook: https://www.facebook.com/mrccnelson/
Christopher’s LinkedIn: https://www.linkedin.com/in/christophercnelson/
Christopher’s Website: https://christophernelson.tech
Wealthward Website: https://www.wealthward.com
Wealthward Twitter: Wealthward_CAP
Wealthward Facebook: https://www.facebook.com/wealthwardCAP
Wealthward LinkedIn: https://www.linkedin.com/company/wealthward-capital/
Resources Mentioned
Wealthward Capital (Website): https://www.wealthward.com/
From No Dough To IPO (Website): https://www.fromnodoughtoipo.com/
Teach, Careers & Money Talk Podcast: https://www.techcareersandmoneytalk.com/
GitLab (Website): https://gitlab.com/gitlab-com
Robert Kiyosaki (Website): https://www.richdad.com/
Linkedin (Website): https://www.linkedin.com/
Google (Website): https://www.google.com/
Lfyt (Website): https://www.lyft.com/
Episode Sponsor
Our sponsor today is Champion Leadership Group. Get free growth tools, and map out a plan to scale your SaaS business from 7 to 8 figures. Avoid some of those spider to the face moments by traveling with fellow SaaS entrepreneurs on your growth journey using a proven methodology that is mentor-guided, results-focused, and peer-supported. Sometimes that peer support means keeping you calm while checking to make sure you don’t have a spider or three riding on your shoulders. Celebrate wins and quickly rebound from those ol’ spiderwebs to achieve profitable growth, impact, and freedom. Unleash a new season of growth for your SaaS at championleadership.com
Small Fish, Big Pond – https://smallfishbigpond.com/ Use the promo code ‘SaaSFuel’
Champion Leadership Group – https://championleadership.com/
SaaS Fuel Resources
Website - https://championleadership.com/
Jeff Mains on LinkedIn - https://www.linkedin.com/in/jeffkmains/
Twitter - https://twitter.com/jeffkmains
Facebook - https://www.facebook.com/thesaasguy/
Instagram - https://instagram.com/jeffkmains
This podcast uses the following third-party services for analysis:
Chartable - https://chartable.com/privacy