Company profit — the cash left over after paying costs and taxes. For William Hockey, earnings are not something to optimize against in quarterly reporting; they're the funding source. Column grows out of its own earnings, distributes Founder Liquidity from its own earnings (via an annual 25%-of-profits secondary tender), and reinvests the rest. In a Self-Funding company, earnings are the only capital stack that matters.
Earnings
Connected (8)
- Column Links to · References
- Founder Liquidity Linked both ways · References
- How to bet on yourself (without venture capital) Linked from · Learning
- Secondary Sales Linked from · References
- Self-Funding Linked both ways · References
- Unit Economics Linked from · References
- Venture Capital Linked from · References
- William Hockey Linked both ways · Learning